Reverse Rebirth 1990

Chapter 984 1000 [The Uncrowned King] Part [-]
As someone who has experienced it, Song Zhichao clearly knows that the flash point that will trigger the Asian financial crisis in the future will be Thailand's foreign exchange mechanism.

In fact, until the end of the 20s, Thailand has been implementing a relatively strict foreign exchange management system.In the 80s, the Thai government felt that Hong Kong was about to return to China in 90, and the lack of popular support on the island was an opportunity. It decided to compete with Hong Kong to replace Hong Kong as a financial port, and to build Thailand into a financial center in Southeast Asia and even Asia as a whole.To this end, policies are formulated to allow funds of foreign financial institutions to flow freely in and out of Thailand without the need to be supervised by the central bank.

As soon as this policy came out, a large amount of overseas funds, mainly in US dollars, flocked into Thailand, and lent them to Thai companies and individuals with low interest rates as bait.Foreigners are even allowed to borrow and borrow baht freely.

From 1990 to 1996, Thailand slowly opened its capital account and finally fully opened it.By 1996, foreign capital could come in to buy stocks and real estate at will, and what was even more frightening was that foreign capital could withdraw from real estate and the stock market at will.

In just 2 years, Thailand's economy has completely bubbled, land prices have been rising steadily, stocks have reached new highs, and ordinary people borrow money to buy cars and houses, and there is a false prosperity.

It was at this time that Soros, the international financial giant, aimed at Thailand and used all means to attack the Thai baht.He first mortgaged U.S. treasury bonds, converted them into Thai baht from the Bank of Thailand, and then sold the Thai baht internationally, shorting the Thai baht, causing the Thai baht to depreciate.

At this time, Soros could buy a lot of Thai baht with very little US dollars and repay it to the Bank of Thailand. Under such positive and negative countermeasures, the depreciation of the Thai baht became stronger and stronger, and Soros took the opportunity to earn a lot of dollars.

Of course, it was impossible for Song Zhichao to explain the financial crisis to Yan Tong so clearly. He just told Yan Tong that there were loopholes in Thailand’s finances, and that the crisis was likely to erupt. He also explained in detail the false prosperity of Thailand’s economy and Thailand’s foreign exchange. The ills of the market.

……

Song Zhichao finished his narration——
Yan Tong was in business, and he was also in the gold and jewelry business, so his mind was spinning quickly. Immediately, he asked Song Zhichao a question: "If the financial crisis breaks out in Thailand, will gold appreciate?"

The meaning was very simple. Yan Tong guessed that Song Zhichao wanted to hoard gold to make a fortune after the crisis broke out in Thailand. After all, gold is a hard currency and can preserve its value.

In fact, many people agree with Yan Tong that as long as the financial crisis breaks out, the price of gold will definitely rise.

To Yan Tong's surprise, Song Zhichao replied: "No, on the contrary—after the outbreak of the financial crisis in Thailand, the international gold price will depreciate!"

Immediately, Yan Tong almost bit off his tongue: "Is there a mistake? Gold has depreciated and you still let me hoard it?"

Song Zhichao smiled: "The value of gold will only appreciate when the global financial crisis breaks out; in such a regional situation, whether it is the Americans, the British, or the French, everyone uses money to snipe the Thai baht. If you make a fortune, who will spend money to buy gold? Of course gold is going to fall!"

"In addition, when the people in Thailand saw the country's financial crisis, what would they do immediately? The cars and houses they bought were all borrowed. Seeing the bank demanding money, of course they sold the gold on hand to pay off the debt. Since then, the price of gold will fall even more.”

Yan Tong: "..."

I feel like my brain is not enough.

"You talk so much that gold is about to fall—but why do you still spend money to hoard it? It's nothing more than spending 30 billion on your own, and you want to drag me into the sea. Do you think I'm stupid?" Yan Tong pointed Nose, I feel that Song Zhichao looks down on him too much, and regards himself as someone who owes his IQ.

Song Zhichao laughed, feeling that standing and talking with Yan Tong was too tiring, so he squatted down and sat directly on the ground again.

Yan Tong was getting old and couldn't stand the torment. Seeing Song Zhichao sitting down, he sat down on the ground as well, and hammered his leg with his hand and said, "I'm old!"

"When did I tell you that hoarding gold is for speculation?" Song Zhichao said with a smile.

"What do you mean?"

"We hoard gold to do business—do business with the Thai government." Song Zhichao said lightly.

Immediately afterwards, Song Zhichao told Yan Tong part of his plan.

According to the trajectory of the previous life, in a few months, Soros, the financial tycoon, will attack the Thai baht. At that time, the entire Thai economy will collapse, and the people will be devastated.

The Thai government came up with policies to help itself, but suffered from insufficient foreign exchange reserves, especially gold reserves. At the same time, major foreign banks were pursuing debt collection in Thailand, which made the already mired Thai economy even worse.In the end, Thailand had to announce that the Thai baht would no longer be pegged to the US dollar and officially depreciated, which in turn allowed the financial turmoil to spread from Thailand to other Asian countries and regions.

What Song Zhichao has to do now is to ask the Chinese in Thailand to help the Thai government with the hoarded gold when Thailand is in isolation.

Why help Thailand?

The reason is very simple. First, delay the time of Thailand's economic collapse and give other regions, especially Hong Kong, sufficient time to respond.Second, using this batch of gold to bargain with the Thai government, it is best to use the organization of overseas Chinese in Thailand to control Thailand's economic lifeline.

For Song Zhichao, this is the greatest contribution he can make to China and Hong Kong after the [-] economic crisis.

For the overseas Chinese in Thailand, this transaction seems to be losing money. In fact, as long as Thailand accepts their assistance, their political and economic status in Thailand will be further improved and consolidated in the future—after all, they are To help overseas Chinese in Thailand's most difficult time, they are willing to provide real gold for assistance, and they love Thailand even more than Thai people.

After hearing Song Zhichao's plan, Yan Tong fell silent.

Suddenly, Yan Tong said: "You can organize the four major Chinese merchants in Chinatown to implement such a huge plan with you. Why did you choose me?"

Song Zhichao smiled: "What do you think?"

Yan Tong also smiled: "Because I'm easy to control, right? You helped me run for the chairman of the Chinese businessmen and let me command so many Thai Chinese businessmen; now you show me so many gold reserves without any concealment, the purpose is to make me trust you , let me believe in your sincerity, let me believe in your plan, don't you?"

Song Zhichao smiled and said nothing.

Yan Tong was obviously a little angry. He felt that Song Zhichao had treated him as a puppet that was easy to manipulate, and that he had been underestimated by Song Zhichao—after all, he was a former inspector of Hua, and he had once been majestic and proud.

"What if I don't agree? Are you really going to lock me up here?" Yan Tong sneered.

Song Zhichao didn't answer, but took out something from his pocket, handed it to Yan Tong and said, "Look at this first!"

Yan Tong took it and looked at it, but it was a letter.

The envelope was very ordinary, but the signer on it was very unusual, because when he saw the name Yan Tong, his heart trembled.

There are two large characters written on the envelope - Lei Luo!

[-] million Inspector Lei Luo!

Yan Tong dominates Xiangjiang's immediate boss, the famous Inspector Zonghua!

Yan Tong held back his excitement. To tell the truth, he hadn't contacted his old friends and superiors for many years, especially Lei Luo.

I didn't expect Lei Luo to write to him now, how could this not make Yan Tong excited?
Opening the letter with trembling hands, the familiar handwriting appeared vividly on the paper.

In the letter——
Lei Luo first greeted Yan Tong, then briefly talked about his former friendship and his life in Canada, and finally talked about Song Zhichao who went to Canada to find him, the purpose is to let himself persuade Yan Tong to cooperate with Song Zhichao, Do something for Hong Kong together - in Lai Luo's words, "This is also a kind of redemption."

After reading the letter in his hand, Yan Tong closed his eyes deeply, not knowing what he was thinking.

For a moment—
Yan Tong opened his eyes, and said to himself: "I used to listen to Sir Lei the most. He is a good boss, he is loyal, rewards and punishments are clear, and the most important thing is that he never harms us..."

Having said that, Yan Tong looked at Song Zhichao, sighed softly, and said, "I believe he won't harm me this time either."

Song Zhichao: "You mean..."

"What I mean is, even if it's a loss-making business this time, I'll do it! Just like Lei SIR said, I'm helping myself to atone for my sins --- when I was in Hong Kong, I did a lot of harm to the people of Hong Kong, and now I sacrifice my life for righteousness!"

Song Zhichao: "You will never regret it --- if this plan is successful, then the Chinese will have the right to speak in Thailand's politics and economy in the future. You Yan Tong can also tell everyone openly that you can influence the government. You can control the economy, and the Chinese you represent in Thailand can be said to be the same—even, you are the well-deserved 'uncrowned king' of Thailand!"

Yan Tong smiled, leaning on crutches to get up, but because of sitting on the ground for too long, his legs became numb and he couldn't get up.

Seeing this, Song Zhichao stood up first, and then stretched out his hand to pull Yan Tong up.

Yan Tong shook his head and laughed at himself: "I'm old, I'm useless--I was crying just now, but now I can't stand up, today I've lost all face in my life." After finishing speaking, he patted his buttocks, Then he asked unexpectedly: "I am the uncrowned king, what are you? Don't tell me that you spent 30 billion dollars in vain just to do good deeds..."

"What do you think?" Song Zhichao responded super fast.

Yan Tong took a look at Song Zhichao, then walked over suddenly, stared into Song Zhichao's bright eyes, and said word by word: "If I am the 'uncrowned king', then you are the 'overlord' behind the 'uncrowned king' !"

Song Zhichao laughed and said nothing when he heard the words.

Yan Tong knew that he was right, and couldn't help sighing: "This is really the wave of the Yangtze River that pushes the waves ahead, and the heroes come out of youth - spending 30 billion in exchange for the control of a country, this deal is too good-for-nothing!"

Song Zhichao smiled slightly: "Detective Yan is serious,"

(End of this chapter)