Lending Thai baht to Thai banks is a definite need for action, because in the future, the offshore lending rate of Thai baht will be increased to 1,000% by the Bank of Thailand, which is a scary number. Pen "Fun" Pavilion www.biquge.info

For this Asian financial turmoil, Liu Si made up his mind to participate, and asked for 50 times the foreign exchange leverage, which shows that he wants to do a big job. This is very important for opening a position in the forex futures market, and it is the most likely business to make a small profit with the exception of OTC options.

OTC options trading can generally be tens of millions of dollars of options with tens of billions or even more, but unfortunately OTC options are generally activities between large enterprises when playing hedging. OTC options are honest, but they are a bit of a bully, and the deal will be done smoothly unless two organizations or companies are about the same size.

OTC options offend people, not to mention, there is also the possibility of exposing himself to short the Thai baht, naturally Liu Si gave up this way of small and big.

It will take time for several major Thai banks to raise 200 billion baht, and it is impossible for Liu Si to stay in Bangkok for a month, so Liu Dashao and his party returned to Singapore by plane the next day.

After going to Thailand for nearly a week and returning to Singapore, Liu Shengqiang lived up to expectations and took care of everything in an orderly manner. The matter of shorting the Thai baht, ringgit and Indonesian rupiah is very important, so as soon as I return to my residence in Singapore, I will ask Liu Shengqiang to understand the situation.

"Brother Qiang, how is it?" Liu Si is the boss, and he doesn't live in a room like many traders and bodyguards, he and his father occupy the apartment where they should live in 4 or 5, and it doesn't look so chaotic when there are few people.

took a sip of the Coca-Cola handed over by Liu Si, and said very annoyedly: "Boss, the situation is not very good, we can't find an opponent in the market." ”

Indeed, the Thai baht is not a strong currency, although the Thai government has great ambitions to become a Southeast Asian power and a Southeast Asian center, but who cares about it internationally.

The Thai baht is not the yen, not the mark, not the pound, not the dollar, not even the ruble, although the Thai baht confidently put forward the national policy of financial freedom in the early 90s in order to achieve the dream of becoming a strong country, if it were not for the Asian financial crisis in 97, Thailand's financial freedom strategy is simply a joke.

In the foreign exchange futures market, the counterparty is really not the main force, of course, not to mention the Bank of Thailand's stupid establishment of a $25 billion forward baht contract in the futures market in May.

Of course, the foreign exchange futures market is not without counterparties, but the number is really too small, far less than the yen, the dollar, the mark and other mainstream currencies can be established in billions of dollars at once. Most of the Thai baht counterparties in the foreign exchange market are domestic policy banks and currency speculators in Thailand, and a small number of European and American multinational banks are hedged.

"So how big a position have you built?" This is what Liu Dashao is most concerned about, and everything else is false.

"It's not much, just over $400 million. The baht is US$157 billion, the rupiah is US$188 billion, and the ringgit is US$113 billion. Liu Shengqiang thought for a while and said.

It's about 450 million in a week, and it's only $1.8 billion in a month. In January, Soros and some foreign investment banks will enter the foreign exchange market to open positions, and the position grabbing of shorting currencies such as the Thai baht, ringgit, and Indonesian rupiah will be more intense.

Perhaps it was a decision to make it, and Liu Si felt a sense of ease, "From now on, go all out to short concentrated Asian currencies including Thai baht, ringgit, Indonesian rupiah, Philippine peso, New Taiwan dollar, and South Korean won." ”

With a position of more than 15 billion US dollars, it is really difficult to establish a position in the foreign exchange futures market in a short period of time, and it is really difficult for others to be unaware.

South Korean won, Taiwan dollar, yen by the storm in the second half of 97 years, in fact, Liu Si does not want to establish a short position on the Korean won and Taiwan dollar in the early stage, you must know that the existence of 50 times leverage will make Liu Si spend a lot of time, energy and funds in this half a year to maintain the position, but now the foreign exchange market is more difficult than Liu Sixiang to absorb chips, he has to start to build a position now.

"God, this is to short the whole of Asia......" Liu Shengqiang, who exclaimed in his heart, dutifully suggested, "Boss, are we playing a little big?" ”

"Playing big? Hehe..."Liu Si didn't want to start building short positions in the Korean won and Taiwan dollars in December 96, so he thought about it and changed the order, "Brother Qiang, the short positions of the Thai baht, ringgit, Indonesian rupiah, and Philippine peso are all trying to absorb the chips, but the Korean won and the Taiwan dollar will absorb the positions of 500 million US dollars respectively first, and then take a look." ”

"Alright! But the boss..."

"Don't worry, this is more than $15 billion in assets, and I won't mess around." interrupted Liu Shengqiang's words that he was about to dissuade again, and said, "Brother Qiang, I hope you will do your best to establish a short position in Thai baht, ringgit, Indonesian rupiah, and Philippine peso, don't worry about me, if I know that you are yin and yang, don't blame me for not remembering the old feelings." You also know that I am not an idiot who doesn't know anything about my position opening operation on the Hang Seng Index in Hong Kong. ”

Liu Si suspects that Liu Shengqiang has definitely not gone all out to absorb the short forward contracts of Thai baht, ringgit and rupiah that are not worth $200 million in this week, which does not match the arbitrage boom in the East Asian tiger countries due to the difference in domestic and international annualized interest rates. Generally, these arbitrage guys will hedge against today's arbitrage behavior since establishing short positions in the future, although not much, but not a lot. A $200 million position is definitely not passable.

Liu Si, who had sent Liu Shengqiang away, walked to the window of the apartment, and the lively street scene of Xinjiapo and the bustling city scene in his eyes dispersed one by one, his eyes flew across the country, staring at the noisy streets of Bangkok, and sighed softly in a voice that only he could hear clearly, "He should have arrived!" ”

Pattaya, a tourist destination in Thailand, December is the last golden season for tourism, because after this season, Thailand will usher in the rainy season, and the wind and rain will wash this seaside pearl clear and bright, and the streets will be empty. The beauties also hid without a trace, what was there to see at that time?

Today, as usual, it is full of people, all pinned on the last month to remember the last scenery of Pattaya this year. But there is a difference, in this crowd, an old husband and young wife stand out, they are isolated by a group of bodyguards in formal clothes, they are so standing out from the crowd.

Among them, the young woman still has charm, but the old man is full of white hair, his face is full of wrinkles, and the old cow eating tender grass is always easy to attract attention. Not only most tourists, but perhaps even the Thai government does not know that the wolf is coming!

"Susan, look at this landscape, it is indeed a beautiful country." Soros, an old guy who is famous for sniping pounds and Mexican pesos, said to his second wife with emotion, "Let's take a photo together to commemorate it!" ”

Susan is Soros's second wife, a man becomes bad when he is rich, and Westerners can't escape this rule.

In 1983, Soros and Susan, who was 25 years his junior, had their wedding in Southampton. Susan learned the lesson of Soros's failed last marriage, and after giving birth to two sons, she asked Soros to become more human. Susan wants to keep Soros and experience the life of home, but unfortunately Soros often travels around the world and travels six months a year.

This time, by coming to Thailand to inspect the war situation, he came to Thailand with Susan with some reason. That's right, it's to investigate the war situation. He did not come to Thailand to visit the scenery, but to visit the main battlefield as the commander of a currency war to inspect the war situation. As early as 1994, when the yen was blocked, Soros made a bold statement: "The economic crisis in Southeast Asia will definitely come, it is only a matter of time." "Now, the time is coming. The key to success or failure is not only to grasp the timing, but also to be good at concealing his whereabouts, so he sneaked into Pattaya and "quietly entered the village, and did not shoot." ”

Soros came to Thailand to inspect the war situation, and he didn't like the scenery of Thailand at all, maybe he liked the scenery of Jordan more, especially the scenery of the Jordanian widow Princess (Soros had been eye-to-eyeing with the Jordanian princess in 96) was even more charming. In Thailand, he is more concerned about the scenery of those real estate projects that have been suspended, and the scenery of those supermarkets that have no people......

"George, are you going to snipe the baht this time?" After all, Susan has lived with Soros for more than ten years and knows him well.

"No, Susan. We're here for tourism. "Soros is not stupid, he needs to be coaxed for women, not to mention that this time the matter is led by Wall Street, and the stakes are high.

Susan is a smart woman, as can be seen in her previous married life with Soros. Without saying a word, she silently took the old guy's right hand beside her, admired the current scenery with her eyes, and experienced the warmth of this moment with her heart.

Bangkok Royal Palace, Taj Mahal, Chinatown...... Soros left footprints in every landscape, but he only made a short stop before moving on to the next landscape, Bangkok, east, west, north and south, and the entire city he had footprints all over the city.

Like sniping at the pound and shorting the Mexican peso, he now needs to meet with a few close friends in secret, and these Wall Street bankers have been unrelenting in their support for him over the past few years, especially when it comes to concerted attacks on foreign currencies.

The scenery of Bangkok in December is still good, but the storm is gradually approaching!