"Throw, Throw......"

"Hey, Mario Khan, throw it all at me, throw it all ......"

"Throw it at me, bastard, throw it all ......"

"Mr. Chen, we lost 900 million baht......"

"President, now I suggest that our company should not go public!"

……

It has been half a month since the quantum fund shorted the Thai stock market, and the bulls in the Thai stock market have finally given up their resistance in half a month. Pen, fun, and www.biquge.info

Investors, brokers, brokerage companies, investment banks, listed companies, etc., the Thai stock market is falling, and everyone in Thailand is crazy. In particular, the real estate sector in Thailand, which was the first to fall, fell by 20% all of a sudden, and the real estate price in Bangkok fell wildly, basically one price a day. In addition to the apocalyptic scene of real estate in Tokyo caused by the Japanese stock market earthquake in '87, it is comparable to the Great Depression era of 1929.

Crazy, all crazy. The broker basically does not stop answering the customer's selling call, and all investors have only one request, throw! Throw! Throw!

The main thing is that the key is not to throw, the quantum fund in Europe and the United States in order to hit the confidence of the Thai stock market, without losing losses, regardless of the cost of direct selling, the weight of tens of billions of baht smashed down at once, for several days in a row 9 into 9 stocks in the Thai stock market all the way to the red, more than half of the stocks directly fell to the limit.

"Ayutthaya Bank 60,000 shares ......"

"Kyoto Cement Plant 20,000 shares ......"

"Radio and Television Co., Ltd. 50,000 shares..."

"Bangkok Bank 90,000 shares ......"

"Asia Cement Corporation 130,000 shares ......"

……

Crazy, everybody's crazy. On January 20, the Thai stock market was smashed directly as soon as it opened, and many stocks fell directly to the limit, causing many Thai investors who were ready to sell extremely loss.

The local capital in Thailand, whether it is family capital, bank capital, or government capital, they are really afraid. Because the stock market crash was not of their own making, everyone suffered heavy losses. No one is exploring why? Who did it? Now they all have only one thought, throw! Throw! Throw!

This was a well-designed game, and the first step, at the end of 1996, was to anticipate a sharp rise in gold after a successful attack. The second step is to secretly short a large number of forward contracts held before the attack on the Thai baht (estimated at about $15 billion). Due to leverage, the accumulation of a large number of forward contracts does not require much cash, allowing Soros to allocate the main capital to the spot market. The third step is to buy a small amount of weighted blue chips as a smashing stock market in the stock market; The fourth step is to borrow and lend short, and then return the stock at the bottom to earn the difference. The fifth step is to borrow a large amount of Thai Baht from a foreign bank, which can be easily borrowed because the foreign bank has a Thai baht business. Continued to short at the high level of the Thai baht, converted into US dollars, and then converted into Thai baht in US dollars at the low level, and returned to the Thai baht. The sixth step is to throw the gold when the gold is crazy, exchange it for Thai baht, and then exchange it back for gold when the gold plummets. The seventh step is to buy a long stock index short order on stock index futures and make huge profits with high leverage. The eighth step is to have some organizations and people come forward to facilitate the collapse or takeover of the Bank of Thailand in order to control its financial and monetary system, which is the most critical step and the main purpose.

Soros's basic actions to snipe the Thai baht are all based on eight-step actions, and these eight-step actions can be compared to Liu Si's money-making method based on holding Thai baht forward contracts, he is really inferior to Soros.

But if you don't join Soros's gang, it's very unsafe to want to do other actions. Taking gold as an example, in the historical Asian financial turmoil, Soros and others said that gold was purchased at a low price before, and sold at a high price after the outbreak of the crisis, earning a lot of profits in the middle. Secondly, combined with the news that the Australian government sold off a large number of gold reserves, it hit the international gold price, and finally completed the step of exchanging gold at a low price.

Without joining the Soros gang, there is no way to know when Australia will be involved, and this is a business that can lose money. Other methods require a lot of relationships and partners, which Liu Dashao can't do today. The main thing is that there is no capital to complete these steps, and Soros can borrow a lot of money because of his connections with other investment banks and bankers.

"Boss, we already hold 50 accounts with a total of $30.5 billion in forward contracts for several Southeast Asian currencies, including Thai baht, peso, ringgit, Indonesian rupiah, South Korean won, and Taiwan dollar. Among them, Thai Baht is US$8.9 billion, Peso is US$6.2 billion, Ringgit is US$5.6 billion, Indonesian rupiah is US$7.8 billion, NT$1 billion, and South Korean won is US$1 billion. "It's another trading day, and Liu Shengqiang, as always, came to Liu Si's residence every evening to report to work.

"Has the baht sold off today?" After nearly a month of selling, 205.4 billion baht has little left, in order not to sell too much at once to make the Thai baht depreciate too much, Liu Shengqiang organized two people to sell Thai baht in the foreign exchange spot market every trading day.

"Boss, it's all sold out. In total, more than $8.2 billion was exchanged. Liu Shengqiang thought about the total amount of Thai baht exchanged in the past month.

"Not bad, what is the exchange rate of the Thai baht against the US dollar now?" He still has some estimates in his heart for being able to exchange more than 8.2 billion US dollars, after all, it is not easy to sell more than 200 billion baht, which will always lead to some depreciation.

"25.78 baht to 1 dollar."

"Well, I gave you a $95 billion short quota, and now there are more than $60 billion in short balance, and I hope you will arrange it as soon as possible." It will take nearly a month before the war against the baht will officially begin, so the next month or so will be crucial.

Time passed little by little, and the Thai stock market also fell little by little, although the Thai baht did not fall much, but it finally began to fall.

On January 21, the stock index of the Thai stock market fell to 900!

On January 22, the stock index of the Thai stock market fell to 860!

On January 23, the stock index of the Thai stock market fell to 810!

……

In the past month, Soros has earned at least $4 billion on the Thai stock market and gold. Liu Si also increased his forward positions in several Southeast Asian currencies to $68.7 billion.

Compared to Soros, the Thai government's performance is really disappointing, behaving unexpectedly and helplessly. The unresponsive and panicked Thai government sold the baht in the spot market on Feb. 14 and bought forward contracts in the hope of pushing interest rates lower. And this is exactly what Soros wants, because Soros is also desperately selling Thai baht, and he is also borrowing a large amount of Thai baht to sell. I thought that the Thai government would operate in reverse, but I didn't expect the Thai government to come to help, which really made Soros happy.

On February 14, not only Soros was overjoyed, but Master Liu absorbed $1.7 billion in Thai baht forward contracts on this day alone, and the happiest thing is that most of these forward contracts were in March and June of the following year.

Perhaps the Thai government now only thinks that the fall of the Thai baht is due to the outflow of hot money from the country due to the fall of the Thai stock market. I even want to sell Thai baht in the spot market and buy forward contracts, in addition to pushing the interest rate down, I can also make a lot of good things at that time!

Here we would like to express our appreciation to these calculating financial elites for how vividly their animal nature has been brought into play.

And the sad thing is that the antelope, that gentle and kind animal, has not yet reacted, and it has become someone else's meal. And the most photographable thing is that the Thai government sold the Thai baht, which added fuel to the fire, causing the Thai baht to accelerate the collapse against the US dollar, and at noon on February 14, the Thai baht fell to 26. 18, which is the lowest point since December 1986.

What a country fears most is not mediocrity in power, but self-righteous mediocrity in power, because they always regard mistakes as right, and they have to prove their mistakes repeatedly -- they always help the enemy at critical moments.

Most incredibly, it is a great irony that on this day the central banks of Southeast Asian countries are meeting in Bangkok, Thailand, to discuss currency speculation in the region, and agree in principle on the funds available in the event of a financial crisis.

The Thai government was stunned and did not know how to respond.

On February 17, 1997, the Bank of Thailand raised short-term interest rates in order to stabilize the Thai baht exchange rate, a correction to the stupidity of the previous days, and they finally saw the main contradiction. Bangkok Bank, the nation's largest bank, raised its overnight lending rate by 3 points to 23%.

At this time, the Thai government reacted, as if it knew that the attackers were targeting its linked exchange rate, and by this time the central bank had run out of dollar bullets.

They knew they were up against a tough opponent this time.

War is like this, it is always necessary to confuse the enemy.

The funny thing is that at this time, the Thai government is still confusing its own people and confusing the people.

On February 18, the Bank of Thailand held a press conference to deny rumors in the market that the Thai baht was going to depreciate, saying that "this is definitely not a policy to be adopted, and it is impossible to implement." "Once again, Thailand's monetary policy of tying the Thai baht and the US dollar will not waver and keep the exchange rate stable.

The style and practice of this press statement are the same as those of a certain country.

The clothes have been stripped naked, and they are still saying, "I'm wearing it, isn't this the emperor's new clothes?" Fools already know that the Thai baht has depreciated significantly.

Therefore, the government that loves to lie is not a family in this world, but lies are often accompanied by ignorance.

Soros once again enlarged his position and sold the baht aggressively, believing that the Thai government had helped him the first time and would help a second time.

Sure enough, the Thai government made another stinky move.

On March 4, the Thai government pointed out that some financial companies had caused bad debt problems in the housing loan problem, and demanded an increase in bad debt reserves, as well as a total of 50 billion baht in reserves. This is tantamount to helping Soros reveal the bad debt problem of the Bank of Thailand, triggering the collapse of the confidence of the entire market, because before that, Soros had been privately collecting the bad debt problem of the Bank of Thailand, so as to throw it out as a bombshell at a critical moment and blow him up.

Unexpectedly, the Thai government did it itself, and the Soros people hid in a dark corner and laughed.

The financial market is essentially a market of confidence, and if confidence collapses, the market collapses.

Sure enough, the Thai government's remarks triggered a bank run, which exacerbated the plunge in bank and financial stocks, and the next day, the Thai stock market fell to a five-year low, driven by the collapse of heavyweight financial stocks.

In addition, after the stock market crashed, the Thai government also took out a big deal of 2 trillion baht to save the market, and this 2 trillion baht is simply not too good to me for the Soros team that is borrowing Thai baht to sell short and snipe Thai baht in the foreign exchange spot market.

Liu Si, who watched Soros make money, also took the opportunity to build a position in the current chaotic situation, and now Liu Si's forward contract position in the currencies of six Southeast Asian countries has increased by nearly $30 billion again in just half a month, reaching $95.6 billion.

For this reason, Liu Si finally decided not to increase the scale of short selling for the time being, after all, it is not easy to maintain a position of more than 90 billion US dollars now, you must know that in the past month, Liu Si has only increased the margin to nearly 2 billion US dollars.

In addition to being happy, Liu Si is also glad that time is moving forward step by step, and he is looking forward to the arrival of July.