This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

For example, foreign exchange.

After the first war, Thailand's official foreign exchange reserves still have 33 billion US dollars, which seems to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

Do overseas speculators have so much baht?

No.

In addition to a small amount of Thai baht as a margin, overseas speculators borrowed a large amount of Thai baht funds from inside and outside Thailand have been converted into US dollars, which is also one of the main ways to make profits in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.

It's a bet.

Because a large amount of foreign exchange reserves have been locked in advance, and reckless use will only bring greater risks, so the Thai government will next want to fight the attacks of international financial speculators again, and when the remaining small amount of available foreign exchange is exhausted, it can only borrow.

Borrowing money is to be repaid.

If you can't afford it, it turns out even worse.

Therefore, on the premise of not breaking the rules, there is only another way to go, which is to give up the protection of the Thai baht exchange rate and let the Thai baht depreciate, so that you can accept the currency of international financial speculators at the lowest price, and wait until the Thai baht currency in the hands of overseas speculators is exhausted, and the crisis will pass.

And, of course, breaking the rules.

Just as the crisis once affected Russia in 1998, the Russian government said that it could not afford to play it, and directly declared a default on its sovereign debt, while allowing the currency to depreciate indefinitely, and the incident spread, almost causing another world-class financial turmoil triggered by long-term capital management companies.

That's an afterword.

Now, the Thai government is clearly not as single-minded as Russia, and there is a high probability of surrender by raising hands.

As for the Westeros system, the main focus is still on South Korea.

Inside a cruise on Taihu Lake.

Considering the sensitive and radical national characteristics of South Korea and the special operating mechanism of South Korean companies, it is obviously not appropriate to directly send Western executives into South Korea next, and it is better to use South Korea to control South Korea. However, unlike other overseas layouts of the Westeros system, these people selected by Simon must be absolutely controlled by the Westeros system, without too much decentralization, and are more inclined to puppets.

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This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

For example, foreign exchange.

After the first war, Thailand still had $33 billion in reserves, which seemed to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, and according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

Do overseas speculators have so much baht?

No.

Except for a small amount of Thai baht as margin, the amount of Thai baht funds are converted into US dollars, which is also one of the main ways to make money in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.

It's a bet.

Because a large amount of foreign exchange reserves have been locked in advance, and reckless use will only bring greater risks, so the Thai government will next want to fight the attacks of international financial speculators again, and when the remaining small amount of available foreign exchange is exhausted, it can only borrow.

Borrowing money is to be repaid.

If you can't afford it, it turns out even worse.

Therefore, on the premise of not breaking the rules, there is only another way to go, which is to give up the protection of the Thai baht exchange rate and let the Thai baht depreciate, so that you can accept the currency of international financial speculators at the lowest price, and wait until the Thai baht currency in the hands of overseas speculators is exhausted, and the crisis will pass.

And, of course, breaking the rules.

Just as the crisis once affected Russia in 1998, the Russian government said that it could not afford to play it, and directly declared a default on its sovereign debt, while allowing the currency to depreciate indefinitely, and the incident spread, almost causing another world-class financial turmoil triggered by long-term capital management companies.

That's an afterword.

Now, the Thai government is clearly not as single-minded as Russia, and there is a high probability of surrender by raising hands.

As for the Westeros system, the main focus is still on South Korea.

Inside a cruise on Taihu Lake.

Simon is looking through a group of high-level executives of Korean companies or Korean elites in the United States collected by headhunters, and considering the sensitive and radical national characteristics of South Korea, it is obviously not appropriate to directly send Western executives into South Korea next, and it is better to use South Korea to control South Korea.

This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

For example, foreign exchange.

After the first war, Thailand's official foreign exchange reserves still have 33 billion US dollars, which seems to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

Do overseas speculators have so much baht?

No.

In addition to a small amount of Thai baht as a margin, overseas speculators borrowed a large amount of Thai baht funds from inside and outside Thailand have been converted into US dollars, which is also one of the main ways to make profits in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.

It's a bet.

Because a large amount of foreign exchange reserves have been locked in advance, and reckless use will only bring greater risks, so the Thai government will next want to fight the attacks of international financial speculators again, and when the remaining small amount of available foreign exchange is exhausted, it can only borrow.

Borrowing money is to be repaid.

If you can't afford it, it turns out even worse.

Therefore, on the premise of not breaking the rules, there is only another way to go, which is to give up the protection of the Thai baht exchange rate and let the Thai baht depreciate, so that you can accept the currency of international financial speculators at the lowest price, and wait until the Thai baht currency in the hands of overseas speculators is exhausted, and the crisis will pass.

And, of course, breaking the rules.

Just as the crisis once affected Russia in 1998, the Russian government said that it could not afford to play it, and directly declared a default on its sovereign debt, while allowing the currency to depreciate indefinitely, and the incident spread, almost causing another world-class financial turmoil triggered by long-term capital management companies.

That's an afterword.

Now, the Thai government is clearly not as single-minded as Russia, and there is a high probability of surrender by raising hands.

As for the Westeros system, the main focus is still on South Korea.

Inside a cruise on Taihu Lake.

Simon is looking through a group of high-level executives of Korean companies or Korean elites in the United States collected by headhunters, and considering the sensitive and radical national characteristics of South Korea, it is obviously not appropriate to directly send Western executives into South Korea next, and it is better to use South Korea to control South Korea.

This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

For example, foreign exchange.

After the first war, Thailand's official foreign exchange reserves still have 33 billion US dollars, which seems to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

Do overseas speculators have so much baht?

No.

In addition to a small amount of Thai baht as a margin, overseas speculators borrowed a large amount of Thai baht funds from inside and outside Thailand have been converted into US dollars, which is also one of the main ways to make profits in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.

It's a bet.

Because a large amount of foreign exchange reserves have been locked in advance, and reckless use will only bring greater risks, so the Thai government will next want to fight the attacks of international financial speculators again, and when the remaining small amount of available foreign exchange is exhausted, it can only borrow.

Borrowing money is to be repaid.

If you can't afford it, it turns out even worse.

Therefore, on the premise of not breaking the rules, there is only another way to go, which is to give up the protection of the Thai baht exchange rate and let the Thai baht depreciate, so that you can accept the currency of international financial speculators at the lowest price, and wait until the Thai baht currency in the hands of overseas speculators is exhausted, and the crisis will pass.

And, of course, breaking the rules.

Just like in 1998, when this spread to Russia, the Russian government said that it could not afford to play and would not play, and directly declared a default on its sovereign debt, while allowing the currency to depreciate indefinitely, and the incident spread and almost caused another world-class financial turmoil triggered by long-term capital management companies.

That's an afterword.

Now, the Thai government is clearly not as single-minded as Russia, and there is a high probability of surrender by raising hands.

As for the Westeros system, the main focus is still on South Korea.

Inside a cruise on Taihu Lake.

Simon is looking through a group of high-level executives of Korean companies or Korean elites in the United States collected by headhunters, and considering the sensitive and radical national characteristics of South Korea, it is obviously not appropriate to directly send Western executives into South Korea next, and it is better to use South Korea to control South Korea.

This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

For example, foreign exchange.

After the first war, Thailand's official foreign exchange reserves still have 33 billion US dollars, which seems to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

Do overseas speculators have so much baht?

No.

In addition to a small amount of Thai baht as a margin, overseas speculators borrowed a large amount of Thai baht funds from inside and outside Thailand have been converted into US dollars, which is also one of the main ways to make profits in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.

It's a bet.

Because a large amount of foreign exchange reserves have been locked in advance, and reckless use will only bring greater risks, so the Thai government will next want to fight the attacks of international financial speculators again, and when the remaining small amount of available foreign exchange is exhausted, it can only borrow.

Borrowing money is to be repaid.

If you can't afford it, it turns out even worse.

Therefore, on the premise of not breaking the rules, there is only another way to go, which is to give up the protection of the Thai baht exchange rate and let the Thai baht depreciate, so that you can accept the currency of international financial speculators at the lowest price, and wait until the Thai baht currency in the hands of overseas speculators is exhausted, and the crisis will pass.

world-class financial turmoil.

Simon is looking through a group of high-level information on Korean companies or Korean elites in the United States collected by headhunters, and considering the sensitive and radical national characteristics of South Korea, it is obviously not appropriate to directly send Western executives into South Korea next, and it is better to use South Korea to control South Korea.

This past week, the first wave of attacks by international financial speculators against the Thai currency ended with the Thai government narrowly gaining a margin. However, Chen Qing, who has privately read a lot of economic information from Asian countries from her boss, knows that Thailand's economy is already shaky.

After the first war, Thailand's official foreign exchange reserves still have 33 billion US dollars, which seems to be sufficient, but in fact, through a large number of forward baht orders, more than 90% of Thailand's foreign exchange reserves have been locked in advance, according to the hedging contract, the Thai government needs to use these foreign exchange reserves to buy back the Thai baht of financial speculators after 3 to 6 months.

In addition to a small amount of Thai baht as a margin, overseas speculators borrowed a large amount of Thai baht funds from inside and outside Thailand have been converted into US dollars, which is also one of the main ways to make profits in foreign exchange operations. At this time, the Thai baht worth 10 US dollars, with the depreciation of the Thai currency, it may only take 5 US dollars to buy back for debt repayment in the future, and the remaining 5 US dollars is the profit of international speculators.