"Mr. Prime Minister, the group of vampires in Europe and the United States are already waiting for you in the conference room, and Minister Tanon, President Kahati, and the rest of the ministers have also arrived. Representatives of the International Monetary Organization www.biquge.info(IMF) have also arrived, and now they can start formal negotiations just by waiting for Mr. Prime Minister to enter! Seeing Chavalit's figure, a secretary in the Prime Minister's Office trotted over briskly and whispered to Chavalit.

Chavali was in a troubled mood, he couldn't remember how many times in a week he had been summoned to face suspicion by the scum of Congress, and he didn't have time to work all day long.

Despite the irritability, the prime minister's demeanor was still there, and he seriously asked the young comrades around him, "Did they reveal anything?" ”

In fact, in mid-June, Thailand was already in cahoots with the International Monetary Fund. Of course, at that time, it was the Thai government that took the initiative to put it up. At the time of the negotiations, the IMF could maintain the stability of the baht, but the demands were angrily rejected by the Thai elite.

The Thai government no longer restricts the share restrictions on foreign investment companies in Thailand, that is, allows foreign investors to control the Thai national economy. Is that too much to ask? What is even more excessive is that European and American bankers have demanded that the Thai government give the International Monetary Fund and several large multinational banks the right to jointly supervise and know the central bank of Thailand under the pretext that the Thai baht policy is inappropriate. Is that too much to ask? No, the most excessive thing is that this group of capitalists in Europe and the United States actually wants to take this opportunity to get their hands on the central bank's banknote issuance power and equity.

In modern society, the independence of financial rights is no less than the status of territorial sovereignty of a country. You must know that one of the two poles at the beginning, Comrade Soviet-Soviet Big Brother was brought down by the Yankees' economic war.

In the last negotiations, the Thai government had no room for negotiation at all and directly refused. Since the central bank's foreign exchange reserves were really small, it had no choice but to abandon the fixed exchange rate system of the Thai baht. This time, after the Thai baht announced a free exchange rate system, vampires from Europe and the United States came to the door again.

Chawalit is a politician, he has a black belly, but Thailand is the motherland, he loves the motherland, so he hates the white-eyed wolves in the conference room in his heart. But because I am a politician, I can't handle state affairs because of personal preferences.

After cleaning up his mood, Chawalit smiled and pushed open the door of the conference room and walked in, "Mr. Guardian, I welcome you on behalf of the Thai people!" ”

Guardian, whose full name is Ryan Guardian, is one of several heads of the International Monetary Fund's Asia-Pacific regional unit, a European.

The IMF is divided into functional departments and regional departments, including the Research Department, the Monetary and Capital Markets Department, the Fiscal Affairs Department, and the Evaluation and Planning Department, etc., and is not responsible for specific regions. The regional sectors include the Western Hemisphere, Europe, West Asia, Africa, Asia-Pacific, etc.

"Mr. Prime Minister, state affairs are busy, this abrupt visit, I hope Mr. Prime Minister will not blame!" As the head of the Asia-Pacific region, Ryan Guardian knows this and can even speak Chinese fluently.

"Mr. Guardian is a guest from afar, please be seated, please be seated." Chawari stepped forward and grabbed Ryan Guardian's right hand, and then invited Lane Guardian to take a seat, showing the demeanor of a landlord.

"Nothing to do is not to ascend the Three Treasures Hall! I am visiting again because I cannot bear to bear the suffering of the Thai people, and the purpose of the establishment of the International Monetary Fund must never be forgotten. What does Mr. Prime Minister think? Ryan Gard still hadn't learned the modesty of the Chinese, and after sitting down, he unceremoniously picked up a cup of tea and tasted it.

"On behalf of the Thai people, thank you Mr. Guardian for your kindness. I wonder how much money Mr. Guardian brought to Thailand this time? "There is no such thing as a free lunch, and Chawari knows it, but as a politician, how can he not be thick-skinned?

"Uh......" Ryan Gard underestimated Chavali's cheekiness, and if he knew the Chinese saying that "the skin is thicker than the city wall", he would have known how to describe the inner breakdown.

Historically, the IMF's attempt has failed, otherwise it would not have waited until early next year to finalize a real bailout plan.

As a matter of fact, the negotiations between the Thai government and the IMF ended in a sharp breakdown, mainly because the IMF's conditions did not regress at all, and it came to Thailand with the idea of taking advantage of the fire.

After the failure of negotiations with the Thai government, Ryan Guardian was disappointed, after all, if he succeeded, it would be a big increase in his political leverage. However, it's nothing, because the four Asian tigers, the four tigers, and Thailand are not there other Kaizi?

On July 11, the Philippines was forced to abandon the relative fixed exchange rate system and switch to a floating exchange rate system, and on the same day, the peso fell sharply from 26.4 to 29.45.

Thus, after July 2, the Philippine peso became the second currency to abandon the linked exchange rate system and switch from a floating exchange rate system.

Unlike the Thai government, the Philippine government, which has always had an impulse to depreciate its currency, is optimistic. As mentioned above, the Philippines loves to play with currency devaluation.

On the same day, Philippine President Ramos issued a statement saying that it is reasonable for the government to allow the currency to depreciate, and that the depreciation of the peso will protect the Philippines' foreign exchange reserves, control inflation, stimulate exports, and create jobs, so that the economic achievements of the Philippines in recent years can be effectively protected.

The language of politicians often needs to be interpreted in many ways, rather than just listening to its superficial language, and must be studied in depth.

In fact, President Ramos has played a trick to get rid of the golden cicada, because the Philippines' foreign exchange reserves have been exhausted, if it is stiff, international speculators think it is profitable, and they will increase their operations. At the same time, Ming repaired the plank road, secretly crossed Chencang, and secretly went to move the rescuers.

If you really let it go, then why do you have to do it?

Sure enough, on July 19, the IMF delegation, led by Ryan Guardian, announced a huge amount of more than $1 billion in aid to the Philippines in response to President Ramos' request for help to alleviate the pressure on the peso's depreciation.

The Philippines has been a colony of the United States since the end of the 19th century and has always been the backyard of the Yankees. Because of this, the Philippines is also the country with the most serious economic colonization by the United States, so the United States' investment in the Philippines is full of American fathers, from clothing, food, housing and transportation, to industrial and commercial finance. The U.S. government is very concerned about such a son, or an investment area.

In stark contrast, Thailand, who met with Ryan Guardian a few days ago, has only one word in his mind, whether it is foreign or domestic-escape! From the princes and nobles to the common people.

On July 17, the central bank lowered the 1997 GDP growth rate to 4.6% from the original estimate of 7.1%, and on the 18th, the central bank raised the interest rate on commercial banks from 12.5% to 14%. Thailand's stock market fell sharply in response, and investors, especially those who were trapped at a high level, were in torment.

On July 23, national speculators once again took the opportunity to hit the Thai baht, and the Thai dollar plummeted by 4% to 32.10.

Market rumors have risen again (note: rumors are often the weapon of speculators), saying that some banks will not let Thai companies default on loans, and some companies with poor cash flow will be forced to go bankrupt.

In response to market rumours, Finance Minister Mr. Thanon revealed that the government would consider a "secret option" to stimulate the economy after the depreciation of the baht, but due to the lack of clarity, the market reacted coldly, and investors voted against it with distrust and voted with their feet.

On July 25, the Asia-Pacific Central Bank Governors' Meeting was held in Shanghai. The central bank governors of 11 countries, including China, Japan, South Korea and Thailand, attended the meeting to discuss how to solve the problem of out-of-control money markets in Southeast Asia. The Governor of the Bank of Thailand was looking forward to this meeting, but it backfired, and the life-saving straw did not appear, and the meeting did not have any substantive content except for eating, drinking, and having fun, let alone getting any promises. The Governor of the Bank of Thailand came in on the spot, but returned to Thailand empty-handed.

On July 28, Bank of Thailand Governor Rinchai resigned, and the new governor, Chayawa, took office.

Many suspect that Rinchai's resignation has something to do with the failure of his trip to Shanghai.

Asia is not united, the Southeast Asian Free Trade Association (SEFTA) is not a political organization, and countries that have not been hit are obliged to pay for Thailand.

And this is a reflection of the foresight of a government.

The day after Rinchai's resignation, the desperate Thai government announced that it would negotiate with the International Monetary Fund for assistance, and a person close to the top revealed that the Thai government needed a $20 billion credit loan.

On July 31, the International Monetary Fund (IMF) responded by urging Thailand to privatize its state-owned enterprises, implement tax reforms, bankrupt troubled financial companies and banks, and allow foreign ownership of more than 25 percent of Thai commercial banks.

This is tantamount to asking Thailand to sell out some of its economic sovereignty, while privatization increases unemployment and promotes social unrest.

That is the condition for the Thai Government to offer assistance.

This is the essence of the attack on the baht.

Now, the foreign bankers who are far away in Pattaya enjoying the sun on the beach and the massage of beautiful women are smiling: the fish has finally bitten the hook.

But the Thai government, which does not know what to expect, is so insensitive, that in August, when the crisis occurred, the Thai government spent huge sums of money on aircraft carriers, making its already devastated financial situation even worse.

You must know that what is happening in Thailand at this time is not a war filled with gunpowder, but a war without gunpowder, and aircraft carriers are useless.

Even if you buy an aircraft carrier, can you go to war against the United States?

No one can figure out the Thai government's intentions, is this the "secret choice" to stimulate Thailand's economic recovery?