The general trend has been formed, and all resistance is useless!

Although the Thai government has used both normal and abnormal interventions, it seems that the effect is quite good, because the collapse of the Thai baht seems to have stopped.

However, everyone seems to have forgotten how unscrupulous and audacious this group of international investors and financial speculators is, not to mention the small Thai government, even in the face of Britain, an old capitalist power that is one of the "Big Five", dared to do it, and in the end they won it.

Therefore, the Thai government's seemingly effective and forceful intervention is really useless.

All of this is just a trap created by international speculators, and the real killing trick is still to come, you know, the butcher's knife raised high by Fund X is ready to be cut down.

If the previous attack on the Thai baht by X Fund and Quantum Fund was just a tentative attack, then the next step is really serious. Besides, Fund X, which has been hiding behind the Quantum Fund and George Soros, has not used much strength at all, and the Thai Baht has been unable to withstand it.

Now, the time is almost up, Su Chenyu doesn't want to play anymore, it's time to do something real "fist to flesh"!

Shortly after the Thai government intervened aggressively in the foreign exchange market, George Soros's Quantum Fund was the first to jump out and sell soaring US Treasury bonds on a large scale, thus securing a large amount of money to complete the final blow to the Thai baht.

I have to say that George Soros's influence in the international financial market is really strong enough, and as soon as the quantum fund moves here, countless international investors and financial speculators over there will follow in an instant. All of a sudden, countless financial capitals were attacking the Thai baht in turn, frantically shorting the Thai baht, and spreading the news that the Thai government had run out of skills and was before the end of the day.

After this combination of punches, the favorable situation constructed by the normal and abnormal means just used by the Thai government instantly came to naught, and the Thai baht began to fall again, and this time the decline was even more ferocious.

To be honest, the Thai government did not expect that this decline would be so ferocious, even if international investors began to attack frantically, it would not be so? After all, the previous situation had indeed been stabilized, and the Thai government had deliberately built several lines of defense, hoping to delay the invasion of these "vampires."

However, unexpectedly, after a wave of attacks, the defense line of the Thai baht actually collapsed on all fronts!

I really can't figure it out!

Hehe, in fact, there is nothing that can't be figured out, because, just when everyone's eyes were on George Soros and the Quantum Fund who were jumping in front, the X Fund had already slashed its own knife down.

Just ask you, can the critical damage caused by the butcher's knife of the X Foundation be small?

You know, this is damage caused from the inside, and it's directly a huge amount of damage that is multiplied and tons.

As the major shareholder of Bangkok Bank in Thailand, Su Chenyu wants to do something from within Thailand, isn't it too simple?

In fact, in the final analysis, the "currency war" is still fought with "money", and whoever has more money will have the last laugh -- does the Thai government have money in its hands? Yes, and there are quite a few of them, and they really have a lot of dollar reserves.

If it weren't for the fact that it had this dollar reserve, the Thai baht would have been blown up by international tourists, and a large number of empty orders were finally eaten by the Thai government with dollar reserves. Because of this, the decline of the Thai baht can be stopped, but the "dollar reserve" thing is not endless, and there will always be a time when it runs out.

Therefore, once the "dollar reserve" as the "combat ammunition" of the Thai government is exhausted, then this "Thai baht defense war" can basically be declared over.

This time, the butcher's knife of Fund X is to cut at the Thai government's most important "dollar reserves", and the already controlled Bangkok Bank of Thailand has secretly remitted a large amount of foreign exchange out of the country, quickly depleting Thailand's foreign exchange reserves. Not only that, Bangkok Bank, the largest bank in Thailand, completely ignored the ban of the Thai government and secretly borrowed a huge amount of Thai baht from Fund X to smash the exchange rate defense of the Thai baht.

As a result, it will not take much time for the Thai government's most important "ammunition" - foreign exchange reserves - to be basically depleted. I have to say that the Thai government is really miserable at the moment, the Bank of Thailand's foreign exchange reserves have reached a miserable 7 billion US dollars at the beginning of June, and now it is less than 2 billion US dollars - almost depleted.

The Bank of Thailand's foreign exchange reserves are almost depleted, what does this mean? It seems that there is no need to ask at all.

In other words, the Thai government's ability to intervene in the market of the Thai baht has basically dried up with the depletion of foreign exchange reserves, and there is no resistance to the attacks of Fund X and international speculators.

Although the Thai Prime Minister has always insisted that the Thai baht will never depreciate, and Thailand will definitely win this "battle to defend the Thai baht" - this is quite a beautiful statement, but you have no money to say chicken feathers? Who wouldn't say it!

The most painful thing is that shortly after the Thai Prime Minister bragged, the Thai Finance Minister officially announced his resignation, and all of a sudden, the panic in the market has risen to the extreme, and it is constantly amplifying this panic.

On this opportune moment, Su Chenyu gave an order, and Fund X, which was holding a butcher's knife high, issued the final blow to the Thai baht - large-scale incremental funds were crazy about shorting the Thai baht in the foreign exchange market. The exchange rate of the Thai baht is like a laxative, and it is falling so hard that it can't be stopped at all - and the Thai government, which has almost no "ammunition", has basically decided to give up treatment.

Seeing that Fund X had successfully nibbled on the fattest piece of meat, George Soros and a group of international speculators had it, so the large-scale international tour capital once again launched a crazy charge against the Thai baht.

Thai Baht Rout!

It is no exaggeration to say that the Thai Baht at this time is like a weak little girl, who can come to ravage a wave well, cool up, and then rub some oil from her body before leaving. It's really too much, but there is no way, in the financial market, where the law of the jungle eats the strong, there is nothing too excessive at all, only interests!

For the Thai government, it is indeed too uncomfortable, just watching the Thai baht being abused like a dog, but unable to do anything, this heartache is really indescribable!

In this case, the long pain is better than the short pain, anyway, the Thai baht has collapsed now, but fortunately, the collapse is more complete......