"Chairman, as you expected, someone has already started to attack Thailand!" Thai people will not know that in Yuzhang City, which is thousands of kilometers away from Thailand, people are always paying attention to the Thai market, and a network cable will report the latest situation in Thailand to our boss Jia for the first time.

"Specifics!"

"Yes, from 9 o'clock this morning, the first order worth $400,000 was thrown out, and then within an hour, a total of $20 million, or 5 billion baht, was thrown out!"

"And now, 12.6 billion baht orders have been thrown, all of which have been asked to be converted into US dollars."

"Now the entire Thai trading market has been chaotic, and the exchange rate of the Thai baht against the US dollar is about to break through the range of 25:1!" Boss Jia's secretary said.

"I remember that Thailand's exchange rate policy locked up the dollar, right?" Boss Jia licked his lips and said, "They will control the exchange rate of the Thai baht against the US dollar within the range of 25:1." Now that it is close to breaking through this limit, it is time for the Bank of Thailand to take action! ”

"Yes, although the speed is a little slower, but the Bank of Thailand has begun to buy those short orders, it is estimated that soon, the Bank of Thailand will put away all the lists, and the exchange rate of the Thai baht will probably stabilize again." The secretary said.

"It's not going to be stable!" Boss Jia touched his nose, "Since Soros has already made a move, then all this is not so simple. ”

"Chairman, you say that Soros is behind this?" As Boss Jia's secretary, his knowledge is still very extensive, at least not like the current Chinese people, who have never even heard of the name Soros.

At least he knew that this Soros was the capital giant who had collapsed the pound at the beginning.

"Look...... We just need to watch the play, and I think it won't be long before he jumps out on his own! Boss Jia smiled slightly.

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June 12, 1997 was a thrilling day for the entire Thai financial community.

Because on this day, the exchange rate of the Thai baht has undergone extremely drastic changes.

First of all, in the morning, there were a large number of short orders, which led to a sharp fall in the exchange rate of the Thai baht, almost falling to the exchange rate of 26:1.

However, at the critical time, Thailand's financial management institutions acted in a timely manner, using the reserve of US dollars to eat these short orders, and the exchange rate of the Thai baht was pulled back to about 25:1, which can be regarded as a successful defense against this wave of offensive.

According to the statistics after the closing, in one day today, the Thai baht reached a transaction volume of more than 200 million US dollars, which is equivalent to a week's worth of transactions on weekdays, which makes all Thai financial people addicted.

That's right, these people are still shouting and not knowing at all that a terrible crisis is coming.

On the second day, the short orders continued to continue to fall, and the exchange rate of the Thai baht began to decline again.

Of course, Thailand's official once again used reserves to start maintaining the exchange rate of the Thai baht, and the invisible battle between the two sides lasted for another day, on this day, there were as many as 500 million US dollars, that is, 12.5 billion baht of empty orders smashed down, and the entire Thai financial market was a little sluggish, and they realized that they had met a vicious opponent!

In the next half a month, the Thai market is competing with this mysterious force, and every day more than 1 billion US dollars, that is, 25 billion baht, huge short orders are sold, and Thailand's financial sector has also taken all the orders, the competition between the two sides is very fierce, and the funds used have exceeded the level of 10 billion US dollars.

The exchange rate of the Thai baht has also been stable between 25:1 and 27:1, constantly declining, and constantly pulling back, and the entire Thai market has attracted the attention of everyone in the world.

Everyone is curious, who is the winner of this battle?

Whether the bears win or the bulls win.

"Who is this short Thailand guy?" All the people in Thailand, and even people all over the world, are asking curiously, but it doesn't take long for them to guess, because this short Thai guy jumped out on his own. V3 Academy

When the market closed on the third day of the battle, a financial magazine published an interview with an elderly man named Soros.

In this interview, Soros talks a lot about Thailand's economic problems.

In an exclusive interview, he said that behind Thailand's high economic growth is the export model of a single low-value-added agricultural product and labor-intensive industrial products.

The inflow of international capital has also been invested in speculative projects such as real estate and stock markets, and there has been no upgrade in the field of science and technology and production technology. The quality of the labor force has not improved, productivity has remained low, but economic growth has pushed up wages, and the export advantage has gradually declined as labor costs have risen.

Therefore, the economic growth that Thailand has achieved so far is not due to the increase in gross domestic product, but because of various foreign exchange speculation, the influx of international hot money, and the pathological development of real estate and the stock market.

Now, with the recovery of the Western economy, international hot money should gradually leave Thailand, and without the support of these investments, Thailand will be beaten back to its original shape, and economic growth will be broken at the waist, or even directly hit into negative numbers.

And the exchange rate will fall wildly, and the baht will become worthless.

In the end, Soros suggested to all those who only had Thai baht that they should exchange all the baht in their hands for US dollars, so that they could retain their value.

"It's Soros, it's Soros who is shorting us, this bastard, he actually found us!!" After seeing this report, countless people in Thailand's financial industry let out such a cry of fear.

Although Soros's article is about Thailand's economic problems, it seems that it has nothing to do with shorting the Thai economy.

But isn't the purpose of Soros publishing such an article at this time to disrupt the entire Thai market and make investors in the Thai market lose confidence?

Otherwise, why would he jump out and be this up-and-coming bird, and take the initiative to look at the decline of the Thai economy, isn't this an enemy?

What's even worse, what Soros said is true, Thailand's economy is simply a bubble, the kind that bursts at the first stab.

In fact, one of the more important purposes of Soros publishing this article is to show his identity and tell the world that it is none other than him Soros who is shorting the Thai baht?

This kind of behavior sounds stupid, and there is a reason to take the initiative to reveal your identity when you are fighting.

But in fact, this is Soros's usual routine, because Soros has a huge prestige, or notoriety, in the international financial market.

In fact, most people in the financial industry, especially fund managers like Soros, they don't like to show their heads, they like to hide in the dark, after all, doing their job is too hateful, and they will pull the entire country's economy into the water at every turn, and take away all the wealth accumulation of the entire country for more than ten years.

But Soros is different, this is a guy who likes to be high-profile, and he also likes to be interviewed by the media the most, and he will even write a book about his great achievements and heroic deeds in the financial war for publication.

In particular, he sniped the pound in 92, which eventually led to a 30% drop in the entire pound and had to decouple from the European Community.

This leads to Soros being hated at the same time, it is also a fearful trend in the global market, and it is also a weather vane for global airdrops.

Because once Soros decides which country to short, the country's economy will most likely collapse, and Soros will make a lot of money.

What's more, international capital will follow Soros to flock to it, and their original purpose is to follow Soros to eat meat and short these economies together, but this also increases Soros's power from the side.

The end result is that when Soros announced that he was going to short Thailand, the Thai baht had not yet collapsed, but many Thais were already frightened, and they had already decided that the Thai baht could not be sustained.

And international capital, like a shark that smells blood, began to flock to follow Soros to short Thailand to eat meat, and even many local financial institutions in Thailand, which are embarrassed, also followed short, intending to eat the country's human blood steamed buns.

All of a sudden, the financial markets of Thailand were in turmoil, and everyone was afraid of the 18th day after the start of the war.