Chapter 50 300 basis points
Wall Street.
The financial center of the United States.
In these few hundred meters, there is an amazing power that can stir up the whole world.
Because on Wall Street, there are thousands of investment companies, and these thousands of investment companies have the most powerful weapons in the world.
Not a nuclear bomb.
It's money.
It's dollars.
On Fifth Avenue, the headquarters of the Quantum Fund.
Stanley Druckenmiller is watching the world's major financial markets.
In front of him, there are two giant LCD screens.
The screen was cut into countless pieces.
USD, JPY, BAHT, RUB ......
After a long time, Druckenmiller locked the screen to the Thai baht.
35.988.
Druckenmiller pursed his lips.
Three years ago, he built a large number of short positions on the Thai baht but lost nearly 100 million dollars.
Last year, it was sunk in Thai baht.
A short position built at around 26 could only end up with a stop loss.
As it turned out, he was right.
It's always been right.
If the short position held at 26 price is kept going, then he will be rewarded handsomely.
Unfortunately, he didn't hold it to the end.
judged the right direction of the market, but lost hundreds of millions of dollars.
Be optimistic about your position in order to win profits for you, don't lose your position easily, otherwise no matter how correct the result, it has nothing to do with you.
For a long time, Druckenmiller was remorseful.
If he can trust his judgment, then he will not lose a position that can make him a big profit.
But because the timing was too hasty, in the end, one wrong step was wrong, and he was out of the game in a panic.
Do you regret it?
At that time, I really regretted it.
But now, Druckenmiller has no regrets in his heart.
Even if you miss out on nearly three billion dollars in profits, even if you don't make the money you should have made but turned into a loss.
Perhaps many people will continue to regret this heart-wrenching mistake.
Druckenmiller, though, didn't.
Because he's Stanley Druckenmiller.
38.185/35.988.
Druckenmiller observed the overall price of the baht and deduced something in his mind.
Soon, his eyes flashed with a gleam.
In terms of market price fluctuations, no one and no capital can be overwhelming.
No one team, one consortium or even one country can absolutely control the price of something.
Currency, even more so.
If you want the price to move in the direction you choose, you can only build momentum to push more forces to follow.
The Bank of Thailand has abandoned the fixed exchange rate system, indicating that the Bank of Thailand's foreign exchange reserves are almost depleted.
Then it is impossible for the Bank of Thailand to bring back the baht.
In the collapse of the monetary system, the only thing Thailand can do is to maintain the price as much as possible and wait for an opportunity.
Druckenmiller had a small smile on his face.
Since there is only one thing that Thailand can do, there can only be one chance.
This opportunity is to make a double bottom on the price with a chance of a reversal.
Only by making the Thai baht into a W shape can the Thai baht survive in a desperate situation.
In this case, then the Thai side needs to hold on to the previous lows.
38.185...
Offset above the interval 38.
To make a W reversal double bottom technical chart, it is necessary to maintain the price near the previous low.
There is only one N plus V to complete this technical diagram.
Only when the market confirms the existence of N can a subsequent V be added.
Once N is confirmed, then the baht forms a psychological technical support.
This psychology will create pressure on the bears and will also bring confidence to the bulls of the baht.
As long as you seize this created opportunity, the baht may be able to come back from the dead.
The idea is very good.
Pity...... I didn't recognize the general trend.
After thinking for a moment, Druckenmiller picked up the phone and dialed a number.
Soon, the call was answered.
"John, I'm Stanley. Sold four billion baht at the market price... Yes. Spot market. In the forward market, sell a position of $300 million. OK....”
The next afternoon.
A spokesman for the US White House spoke at the event.
The Burmese government's refusal to allow the United States to extradite drug lord Sha Khun is an act against humanity that has lost all conscience.
Sha Kun produced a large amount of drugs and killed more than 20 million people.
He has ruined millions of families because of drugs, but this devilish act has been protected by the Burmese government.
This shows that Myanmar is now an evil country, and it is a group of evil human beings who are in charge of the fate of tens of millions of people in Myanmar.
We hope that this wicked kingdom will not be given a chance to be strong.
It should be sanctioned and tried.
We call on ASEAN to consider the idea of including Myanmar into ASEAN.
After the news was announced, it immediately caused a global boom.
Because there are indications that the United States may impose military sanctions at the same time as comprehensive economic sanctions on Myanmar.
Bangkok.
Bank of Thailand.
After receiving the news from the American side, Sonny immediately panicked.
Thailand, which borders Myanmar, is also one of the three leading countries in ASEAN, and is a major supporter of Myanmar's accession to ASEAN.
This is because as long as the markets of Myanmar and Laos are opened, ASEAN will be able to expand to the point where it is possible to overwhelm the Japanese market.
In the event of a prosperous situation, it can not only resist the impact of Japanese products on the markets of all member countries, but also come up with more commercial competition chips.
It is not impossible to compete with the European and American markets even in the future.
But now, it is clear that the United States wants to undermine ASEAN's unity.
The various sanctions against Myanmar are tantamount to tearing a hole in the edge of ASEAN.
If ASEAN abandons the inclusion of Myanmar, ASEAN's message of prosperity and unity will be completely dismantled.
If ASEAN does not give up on absorbing Myanmar, ASEAN members will suffer the wrath of the United States.
Thailand and Myanmar are friends, neighbors, and one of the leading ASEAN countries.
If the United States imposes sanctions on Myanmar, Thailand will be affected very direly.
It's a bureau.
Sonny keenly realizes that this is an unsolvable dead end.
Whether ASEAN absorbs Myanmar or not, it will push Thailand into a dead end.
Damn Yankees.
After Sonny figured something out, he felt a lot of hatred in his heart.
He doesn't even know if the economic sanctions that the United States says have started a long time ago.
Otherwise, how could it be such a coincidence.
Coincidentally, as soon as European and American countries sanction the Myanmar government, the Thai baht will be attacked by international capital.
Last time, when the United States announced sanctions against Myanmar, the Thai baht was hit hard.
And this time, it's almost exactly the same.
Damn Soros.
Sonny remembered that the day after Soros shouted at Myanmar, the Burmese dollar collapsed and the Thai baht was attacked.
It's definitely a conspiracy.
"Hey..."
Sonny sighed.
He suddenly realized that even if he knew that there was a conspiracy behind it, he had no choice at all.
ASEAN has no choice, Thailand has no choice, and he, the central bank governor, has no choice.
Under the general trend.
With unrivaled strength, a conspiracy is not a conspiracy at all.
This is a conspiracy.
can only resist the conspiracy that cannot be backed down.
The line of fate is always made up of countless accidental connections.
Coincidences, accidents, and relationships that affect each other create the fate of people or things.
And when the first line appears, the end is already predestined.
As soon as the news from the United States was announced, the Thai baht was sniped by the capital in the market, as Sonny expected.
Everyone knows that once the United States imposes sanctions on Myanmar, Thailand will be the country most affected.
Market Trading Department, Bank of Thailand.
Sonny's face was gloomy as he commanded the bottom line defense against the baht.
37.499.
At this price, it is only 300 basis points from the defensive position of the baht.