God-level Trader of Rebirth

Chapter 32 The Threat of Beauty

"George, do you know what it means when the tiger just stretches out its paws and the donkey panics?"

Inside the Quantum Fund offices in New York.

Jones was telling a bad animal joke mockingly.

"This shows that the donkey has used up its whole body skills, so when facing the tiger, it will feel restless."

"There is a phrase in China called "Giant donkeys are poor". I think it is very appropriate to describe Thailand at this time."

Soros, who lost [-] million US dollars, did not show any frustration on his face. Instead, he joked about the war with ease and joy.

"Thailand forbids us to borrow Thai baht, but they never expect that we still have a huge amount of gold in our hands." Jones sneered.

When Thailand discovered that Soros was maliciously shorting the Thai baht, it immediately ordered major banking institutions to prohibit lending Thai baht to Soros, and forcibly shut down more than a dozen suspicious financial institutions.

At the same time, the interest rate has been greatly increased to absorb the Thai baht, in order to increase Soros' short-selling costs.

However, all this is expected by Soros.

They have already hoarded a large amount of gold in advance. Once the financial crisis breaks out, the hard currency of gold will become a safe-haven product, and the price will skyrocket.

In [-], June.

Soros ordered to sell off the hoarded gold at a high level in order to raise enough funds.

late June.

International hot money led by Quantum Fund once again launched a fatal impact on the Thai baht.

First of all, several bought-off news media in Thailand have released news that is not conducive to Thailand's economy in the market.

Immediately afterwards, international hot money began to sell the Thai baht with all its strength.

The battle had just started, and the Bank of Thailand's 300 billion U.S. dollar reserves quickly bottomed out, leaving only a pitiful, less than 25 billion U.S. dollars.

On June 6, a senior Thai official said in a public statement on the news, "The Thai baht will never depreciate, and we will let those speculators lose their money!"

The speech similar to the slapstick made Soros and others laugh wildly in the office, but they intensively increased their short-selling efforts.

Because in their view, the more Thailand lacks, the more it will bluff to prove itself.

At this time, the crowd of follow-up selling has filled the streets of Bangkok.

Looking around, everyone is short except the Bank of Thailand itself.

Two days later, unable to withstand the pressure of the run, the Bank of Thailand was forced to announce that it would abandon the original fixed exchange rate system and implement a floating exchange rate system, and the Thai baht devalued against the US dollar.

As soon as the news came out.

The Thai baht plummeted 20% that day, and the overall depreciation was close to 40%, hitting a record low!
Subsequently, Bank of Thailand Governor Luncha Malaga announced his resignation.

"Ah Wei, the baht has collapsed!"

Lin Zeju rushed to Infinity Company in a hurry.

As soon as he entered the office, he saw Chen Weidong drinking coffee calmly, as if everything outside had nothing to do with him.

He doesn't understand.

"What are you panicking about? If you are so frizzy, how can Brother Cheng rest assured that he will hand over the Yellow River Group to you?" Chen Weidong said old-fashioned.

"The financial crisis really broke out as you said!" Lin Zeju didn't care about Chen Weidong's verbal run, but kept walking up and down the office, not knowing whether it was excitement or fear.

The baht depreciated against the U.S. dollar, the exchange rate plummeted, and the financial crisis broke out, causing Thailand's economy to enter a depression, and its ability to pay externally has shrunk by nearly half.

58 financial institutions announced their closure, accounting for more than half of Thailand's financial institutions, and the total deposits accounted for more than 2/3 of the country's total deposits.

In terms of society, more than 270 companies went bankrupt at the same time, and the number of unemployed reached [-] million.

Due to soaring prices, the number of unemployed has soared, and various problems such as robbery and homicide have occurred frequently.

The peaceful Buddhist society in the past is now in chaos, and Prime Minister Chavalit, who has just taken office for less than a year, had to take the blame and resign.

Even the leader of the Thai business community, Shi Lihua, who once owned hundreds of millions of assets, fell into poverty overnight. He had to hang a box on his chest every day and sell sandwiches made by his wife on the street for a living.

The 48-year-old billionaire, who made a living by selling sandwiches on the street, has become the most inspirational news nowadays.

"It's all expected, why are you panicking." Chen Weidong took a sip of coffee and said lightly.

"As expected?"

Lin Zeju's eyes lit up, and he stopped in his tracks. He patted his forehead and said, "Yes, I almost forgot. You predicted the financial crisis in Thailand in advance, so did you?"

"Hahaha, do you think I didn't make a move?"

Seeing the other party's funny expression, Chen Weidong finally couldn't hold back his laughter and stood up from his seat.

"How did you do it?!" Lin Zeju rushed over and said excitedly.

"Of course I followed Soros to short the foreign exchange market and the stock market." Chen Weidong sat on the sofa and explained calmly.

The fall in the exchange rate of the Thai baht also drove down the stock market. Soros and other international short sellers sold the Thai baht while shorting the stock market to make money.

In order to make the stock market fall more and magnify the short-selling profits, Quantum Fund needs to buy a small number of blue-chip stocks in the Thai stock market in advance.

Because blue chips usually have relatively stable value preservation attributes and the ability to create profits, it is an excellent choice to use them to smash the market.

As the Bank of Thailand continues to raise interest rates against Soros and other international speculators, the flow of the domestic economy has also been affected.

Because raising the interest rate means increasing the cost of financing for the enterprise, which will cause the profit of the enterprise to decline, and greatly reduce the enthusiasm for production.

Therefore, this is definitely an act of killing one thousand enemies and harming oneself by eight hundred.

Coupled with the wanton spread of false news that is unfavorable to the stock market by external short sellers, if the Quantum Fund takes advantage of the trend and smashes the market, the public will follow suit and sell.

The stock market naturally plummeted.

However, the mantis catches the cicada, and the oriole is behind.

As an "outsider", Chen Weidong predicted the game between the Bank of Thailand and the international hot money.

So that there is no need to pay the cost of selling and spreading news.

You only need to short the Thai stock market and Thai baht with full positions when international hot money launches an attack, and you can maximize your profits.

After being shorted by international hot money, the index of the Thai stock market is only a pitiful 400 points, which is not an exaggeration to describe it as a chicken feather.

"Infinity" also successfully completed the victory escape when a large number of foreign capital was withdrawn.

"How much did you earn this time?" Lin Zeju asked with a trembling voice.

Last time, Chen Weidong earned more than 200 billion Hong Kong dollars without making a sound, which made Lin Jiacheng admire him, and secretly asked him to learn from Chen Weidong many times.

"It's estimated to be several billion dollars. The specifics will not be known until all the funds are withdrawn." Chen Weidong replied after a little thought.

"Sigh~~~"

Lin Zeju gasped for air from the air conditioner.

If this is the case, wouldn't Chen Weidong have more than 50 billion Hong Kong dollars in liquidity?
More cash flow than the Yellow River Group? !

Financial titan?

The youngest business tycoon?
(End of this chapter)