The feast that Shakru wants to participate in is the famous "Asian financial crisis" in the history of finance, the financial crisis that swept most of the countries in Southeast Asia, can be called after the crisis in the thirties, another major event that has a profound impact on the world economy, the financial crisis has led to economic depression in many countries in Southeast Asia, social unrest, people's living standards have decreased, trust in the government has declined, and the overall economic level has regressed for ten years, and Soros, these financial predators, have taken this opportunity to make a windfall, Among them, the sniping of the Thai baht alone made Soros's quantum fund a profit of six billion dollars.

Therefore, for such an opportunity to make a fortune, Shaklu naturally did not want to miss it, so according to the previous method in Mexico, he used the Ganges Pharmaceutical Factory as collateral again, and at the same time cooperated with the Thai pharmaceutical factory in the form of long-term cooperation, borrowed a large amount of Thai baht from the Central Bank of Thailand, and then sold it in the international foreign exchange market in exchange for US dollars.

It may be that the amount of money used by Shakru this time is a bit too large (he borrowed 50 million baht worth of 50 million baht), so in the process of his selling, he attracted the attention of the Quantum Fund, which is also playing the idea of Thai baht.

Not long after Shakru sold off, Soros personally visited India, and Shakru admired this master of the financial world since his previous life, so he warmly received him. Soros was naturally looking for him this time for the sake of the Thai baht, so when the two were drinking tea together in the evening, Soros first raised this question: "Mr. Pandit, you seem to be very active in the foreign exchange market recently, are you also optimistic about the recent trend of the Thai baht?" ”

Shakru shook his head and said: "It's not so much bullish as bearish, I think the baht will definitely fall sharply this year or next year." ”

Soros nodded and said: "I have always admired Mr. Pandit's vision in this regard, whether it is shorting the yen when you were a fledgling or sniping the Mexican peso last year, it reflects your extraordinary vision, but I still want to ask, why do you think that the Thai baht will definitely fall?" ”

Although Soros was asking him, Shakru knew very well in his heart that this old man had much more vision and preparation than himself in this regard, so this was not a consultation at all, but more similar to an examination school, so he sorted out his thoughts and said slowly: "There are actually many reasons, but I think the irrationality of the foreign exchange system and the unreasonable structure of foreign debt are the most fundamental reasons.

Maintaining a relatively high rate of economic growth is the common aspiration of developing countries. When conditions for high growth became inadequate, these countries turned to borrowing foreign debt to sustain growth in order to maintain growth. In the case of a large amount of medium- and short-term debt, a country's currency depreciation is inevitable once the outflow of foreign capital exceeds the inflow of foreign capital, and the country's foreign exchange reserves are not enough to make up for the shortfall.

On the other hand, there is a policy problem, in order to encourage consumption, the Thai government has done two very confusing things, one is to allow foreigners to borrow Thai baht freely, and the other is to allow Thai banks and foreign banks to absorb US dollar deposits from foreign countries to consume in Thailand, resulting in the complete opening of Thailand's capital account, and foreign capital can enter the property market and stock market at will. In this situation, if international speculators do not enter the market again, it will be too incompetent! ”

Soros laughed and said: "Mr. Pandit, you are right, in fact, many times, it is not us speculators who destroy the economy of a certain country or region, but fundamentally their economy will collapse sooner or later, and we are just pushing him to make him develop faster."

Many people say that I don't have ethics in doing things, but when it comes to financial operations, it's not ethical or unethical, it's just an operation. The financial market does not belong to the category of morality, it is not immoral, morality does not exist here at all, because it has its own rules of the game. I'm a participant in the financial markets, and I'm going to play the game according to the rules that I've set, and I'm not going to break them, so I don't feel guilty or responsible.

In the case of the pound in '92, whether or not I speculate will not play any role in the occurrence of financial events. I don't hype it and it will happen. I don't think there's anything immoral about speculating in foreign currencies or speculation. On the other hand, I follow the rules of operation. I respect those rules and care about them. As a person who is ethical and cares about them, I want to make sure that these rules are conducive to building a good society, so I advocate for some of the rules to be changed. I think some of the rules need to be improved. If the improvement and improvement affect my own interests, I will still support it, because the rule that needs to be improved may be the reason for the incident. (This is Soros's exact words)

After hearing this, Shakru applauded and said: "Your words can be called a classic interpretation of financial operations, which is enough for us juniors to set as a motto." ”

"Since you are also so interested in financial operations, Mr. Pandit, would you like to join the Quantum Fund?" Soros invited him to come to India this time to see the reason why Shakru sold the baht in the foreign exchange market this time, and to see if it would affect his next plans; On the other hand, he loves talent and wants to include Shakru in the Quantum Fund.

Shakru shook his head and said, "Thank you for your appreciation, but although I am somewhat interested in financial operations, I always feel that this kind of thing can only be done occasionally, and business should still be based on industry." ”

"If it's an occasional thing, then does Mr. Pandit have any plans to continue to absorb baht?" Seeing that the solicitation failed, Soros asked another question instead.

Sha Keru naturally understood why Soros asked this, so he replied very affirmatively: "This will definitely not happen, although I am very sure that the Thai baht will depreciate, but I still have to leave a way out for myself, and this 50 million US dollars of Thai baht is already the upper limit of my appetite, and I can't eat any more, so I have to see your old man show his skills next!" ”

So then Shakru saw Soros's specific operation methods, first of all, he bought a large amount of gold, because gold has a financial hedging function, once the financial crisis breaks out, the price of gold will skyrocket, so that he can raise funds at a critical moment. Then, it is to buy a small number of blue-chip stocks with good performance, which is due to the ability of blue-chip stocks to maintain their value and create profits, which is convenient for smashing in the stock market.

PS: This chapter is for the new hall master "Mad Prince"! (To be continued.) )