In just over half a month, Gu Kun and Soros both adhered to the attitude of "do it first and don't say it", and quietly withdrew all their firepower and ammunition from the baht battlefield and transferred it to the battlefield in the Malaysian ringgit.

In the original history, in the Southeast Asian financial crisis of 97~98, there seemed to be no difference between the Malay ringgit and the Philippine peso in terms of the priority of being sniped.

However, this time Soros has an extra mind, he feels that since Gu Kundu is openly clamoring to defend the financial order in Southeast Asia and call on everyone to unite.

So, Gu Kun's top priority to protect should be the Malay ringgit, right? After all, the ringgit is also half of the local currency of the Lan side.

If Gu Kun dares to be bullish on the ringgit, then Soros can be bearish.

The difference in the financial strength of the two sides is still more than five times, and Soros feels that he can easily bankrupt Gu Kun who is doing it, and let this bedbug that beeps all day long and slanders him from a moral level disappear.

At the same time, because Gu Kun's operation is very hidden, he will not personally open a position in his direct name, but will make covert investments through various shells operated by Liang Jinsong's Blackstone Fund Asia-Pacific Company. This makes it more difficult for Soros to identify.

Because Soros is in the process of opening a position in the ringgit short, other allies who follow the trend will also secretly build positions like mercury, and it is impossible for Soros to identify them one by one. He can only judge whether Gu Kun has entered the market from the final result, whether Gu Kun has made or lost.

From November 15th to 20th, within five days, the international hot money division attacked, and the ringgit and Philippine peso began to fluctuate successively. The ringgit has fallen by 15% in a week, and the trend is still expanding.

However, fortunately, Malaya did not implement the lazy policy of "forcibly pegging the ringgit exchange rate to the US dollar" like Thailand, so the bubble of the ringgit itself is not as big as the Thai baht.

Historically, during the Southeast Asian financial crisis, the baht fell by 60% at its peak, while the ringgit fell by only 30% at its peak.

No matter how crazy Soros is, it is impossible to change the laws of nature and the objective fundamentals of a country's economy. So in this life, even if he goes all out, he will basically suppress so much.

However, to Soros's surprise, on November 22, Gu Kun actually showed his face in public again, and he showed his face as a money-maker.

It's just that Gu Kun's acting skills are better and his acting is more passive.

It was an interview with Sarawak Malaysia, in which he asked Gu Kun what he thinks about the recent fundamentals of the Malay economy, whether he thinks there is a bubble, and whether he has benefited from his investment in the near future.

Gu Kun can theoretically not answer these questions, but since he has chosen to carry the flag, it is better not to avoid them.

"I did have a short position in the ringgit recently, making about $300 million. However, this is a normal hedging for me – because I have predicted that although there is no bubble in the ringgit, it will not be able to withstand the malicious bearishness of international hot money. I can't afford to see the people of the Blue side suffer.

As you should know, at present, in the country, we have called on the people in advance to switch to the other currency of the dual currency, the renminbi. But there are still a large number of ignorant citizens who do not want to believe it, so they suffer losses.

The size of the short position I set up this time will not exceed the capital assets of all the people of Lanzhou, but it is only a hedging offset of this part of the loss. Because the blue side is too weak and has a weak foundation to withstand such an impact, I have no intention of making any malicious moves against the financial environment of friendly neighbor Malaya. I promise that even if there is any benefit from this hedging, I will compensate for the losses of the people in other ways. ”

The proportion of people who believe Gu Kun's words is not very high, but it more or less alleviates the Malays' bad feelings about him "fleeing from the battle".

As for the people of other Southeast Asian countries, after hearing this news, most of them felt that if Gu Kun really fulfilled his promise, and in the end, this hedging speculation was indeed a national act of the Lanfang Islands, then there was nothing wrong with it.

Although Lan Fang is a Southeast Asian country and should advance and retreat with its neighbors, it must be that its own country is more preferred.

In addition, it has been established for nearly 14 years and has never issued a local currency, and it has always used the ringgit as one of its local currencies based on trust. This time, the ringgit itself could not defend its own currency, and it was only natural that the Lanfang people wanted to avoid danger and switch to the yuan.

As for the hundreds of millions of dollars earned by the Lan side in hedging, the Malay authorities should regard it as a 14-year debt repayment for the Lan side.

You must know that in modern countries, the right to mint money is also a very important right, and if a small country entrusts you with the right to mint money, you should cover others.

However, compared with the generally accepted attitude of Southeast Asian countries, Soros was really angry when he saw these words.

"Fa Ke?! Is there such a brazen person in the world? Say that you want to fight to the end against a despicable and malicious short seller like me, why are you going to do it against Lao Tzu! Lao Tzu will kill you in seconds! While carrying the flag and shouting and scolding me, while doing the same investment operations as me, and making so many excuses?"

Soros was really angry, and he immediately asked his assistants to carefully screen to see if Gu Kun had made a move in the Philippine peso transaction.

If you don't find it, the next wave of rupiah transactions, and then continue to check.

If Gu Kun is caught following the trend of saying one thing and doing another, it will be exposed immediately.

It's a pity that he will never find out again, because this wave of ringgits is the last time Gu Kun made a move before Hong Kong dollars. Indonesian rupiah and Philippine peso, Gu Kun chose to completely ignore and completely stock.

At the same time, given the "inconsistencies" in Gu Kun's "words and deeds" on the ringgit deal, Soros feels that his plan to publicly respond to media questions can also be accelerated.

He informed Fox Television that it would appear on television on November 24 to publicly respond to international questions about the operations during the Southeast Asian financial crisis.

Evening of the 24th, Atlanta, Fox TV Studios.

Soros went on TV as promised.

He first criticized Gu Kun's words and actions, which were inconsistent.

Then he changed his words, pretending to be compassionate and compassionate about science and not emotion, and expressed his understanding for a hypocrite like Gu Kun

“...... I think all the doubts so far are caused by the public's lack of understanding of the laws of the financial market. Finance is just a field where the mathematical sciences play their best role, and this field itself has no moral attributes.

Whether a financial asset is overvalued or undervalued, it is a natural attribute determined by objective science, and if there is no me to detonate its inflated or low value, there will be others to detonate it, philosophy cannot be false, and the algorithm is king here......"

All in all, it is the cliché that Soros has always hidden in his heart.

There are also a number of philosophical jargon mixed in, mainly some pretentious rhetoric in Karl Popper's falsificationist philosophy. (I believe that no one likes to read philosophy, so I won't take those large paragraphs of official words.) Just to illustrate, Soros has always considered himself a philosopher, and he studied philosophy with Karl Popper at university. He often whitewashes his investment behavior as "teaching human beings to better understand the world, and using actual combat to expose the mistakes of existing methods of understanding the world")

In the end, by the way, the truth that "Gu Kun actually made money in the process of shorting ringgit, and his behavior is no different from mine".

......

On this side of the ocean, Gu Kun didn't watch Soros on TV for the first time.

He wasn't that idle, and he didn't have the energy to overcome jet lag.

So he found out the next day, and then asked Midlova to get a replay tape.

"Hehe, it's really still this cliché. After reading it, Gu Kun pressed the remote control contemptuously.

Midlova thoughtfully reminded: "Colleagues in the press noticed Soros's speech faster than we did, and today this friend of Thai national television who I met before reminded me to convey it to you."

They also said that if you want to respond publicly, you can always tell them and schedule an interview for you as soon as possible — do you want to respond right away?"

Gu Kun waved his hand: "Don't worry! After we choked last time, Soros held back for several days, doing first and then speaking, before responding to us." If he scolds us back as soon as he responds, it will still seem that we are not graceful enough.

Have you watched a Hong Kong film? The more big guys are, the more they have to come out slowly, and we will also give him a first do and then say, first make sure that all the ringgit shorts are cleared, and then arrange the use of the money earned, and then the evidence is enough, and then fight back against him fiercely - by the way, after we choked last time, how long did he hold back until Soros responded?"

Midlova tilted her head and thought: "It's definitely more than a week, nearly half a month." ”

Gu Kun then ordered: "Then we will delay it for so long, it is estimated that His Royal Highness the Grand Duke will soon notice this matter, and it is almost time to discuss with me how to deal with it." ”

He really didn't guess wrong, and sure enough, the next day, Zhu Youdong called over and called Gu Kun to enter the palace for a secret talk.

As soon as he saw Gu Kun, Zhu Youdong got straight to the point: "You made a ...... on the recent shorting of the ringgit $500 million?"

It turned out that because the scale of this wave of ringgit speculation was relatively small, Gu Kun did not notify Zhu Youdong, nor did he have the royal funds of Hualan Fang. Therefore, the 500 million earned is considered to be earned by Gu Kun personally, and there is no such thing as the original Thai baht speculation.

Zhu Youdong was itchy and unbearable, although he later realized that he had secretly followed the trend a little, and he fell back a little when he ran, and he made tens of millions of dollars in total, after all, it was not as cool as when Gu Kun took him directly.

Gu Kun's specific gains, he still watched Soros's counter-spray on Fox TV, plus other information channels, and only generally confirmed it.

"It's almost 500 million, I didn't get too much, I don't want to leave the world with the impression of going back on my word, you know. Soros retorted against me, and I will prove with my actions that he has the heart of a villain and the belly of a gentleman. ”

Zhu Youdong: "Do you really want to use these 500 million to save the national losses of our country in the process of this ringgit devaluation?"

Gu Kun: "Yes, but I won't send money directly." ”

Zhu Youdong: "Then can you tell me how you want to distribute this money, how you want to attract people's hearts, or what kind of purpose you want to achieve? You must go through me for this matter." ”

Gu Kun: "Of course, I'm here today to discuss with you the specific operation of this matter. ”

——

PS: The above is already 3,000 words, and I don't need money to say a few words later.

There are more book lovers who have questioned "Soros is not a low-key person, he likes to openly shout and sing down".

I don't deny that, and I never say in my book that Soros doesn't face the media at all. I just wrote that "in the early days, he liked to make a fortune in a muffled voice, and he didn't like to shout".

Later, many financial media also analyzed it, saying that Soros likes to openly sing down, but everyone didn't pay attention to a point in time, that is, he didn't sing down at the beginning of the Thai baht storm, but there was a time difference.

In fact, when he took the initiative to sing and appear on the camera with the highest frequency, it was precisely the time when he shorted the Hong Kong dollar and finally failed.

Logically, why is this happening? I think it's very simple.

That is, every time he faces the media, he has a plan. He knows that once he faces the media, he has one more hatred, so if he can, he won't face it. He's not a masochist in his bones, he's not a pervert who "rejoices in being hated", at least he knows that hatred isn't a good thing.

When he comes forward, it is often when the battle situation is relatively stalemate, and the short and long heads are fighting and fighting. At this time, in order to break the confidence of the bulls, he had to make a high-profile appearance at the expense of Dora's hatred. (When I saw a lot of Soros reports in China, it was actually not the one he started with the Thai baht)

If the situation is very clear, the enemy is very weak, and the chicken is very different, and he can easily kill the opponent in seconds without coming forward and make a fortune, then he is inclined not to come forward. The previous chapters of the book are at this stage.

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