For a financial market, whether it is short or long, the most feared thing is actually the confidence of the market.

As long as the market is confident, A-shares can also be 6,000 points.

If the market is not confident, it will fall back to 1000 points in an instant.

When Soros, with his proud record, voluntarily admitted that he was behind the short sale of Thailand, confidence had actually begun to collapse.

And Soros is also very aware of the routine, so he will announce his identity at the most critical time, and directly give the already anxious battle situation the most vicious attack.

The truth is exactly as Soros planned.

After Soros revealed his identity, the 18th day of the contest began with an unimaginable advantage.

In just one hour, a huge short order of more than 25 billion baht was thrown out. However, only 5 billion baht of them is prepared by the Soros Foundation itself, and the other 20 billion has nothing to do with Soros.

So where did the 20 billion baht come from?

"They're finally here!" Seeing the arrival of the 20 billion, Soros's old face finally showed a smile.

Because Soros understands that those international tour capitals who have always liked to follow him to grab meat and eat have finally entered the market.

In fact, at the beginning, Soros hated these international travel funds very much, because they always followed Soros behind to eat meat, obviously Soros laid down the country, but these international travel funds ate a lot of money, but took most of the profits.

So at the beginning, Soros was very disgusted with these international travel funds, but there was nothing he could do.

But as time went on, Soros suddenly discovered that these international travel funds were actually not a bad thing.

Although they will eat meat behind their backs, there are only so many capital plates, and there is not much meat that international travel funds really cut from their own plates.

On the contrary, these international travel funds can fuel their own momentum, and they can take out 10 billion to short a country, and these international travel funds can take out 20 billion or even 300 billion to follow their backs to eat meat.

This is equivalent to three times or even more than four times more than his own capital out of thin air, which is actually a huge advantage for Soros.

When he sniped at the pound sterling in 92, although Soros later said in an interview, the $12 billion he prepared only used 100 billion, and 20 billion was useless.

But in fact, Soros knew that he was once in a very dangerous situation, and he was about to swallow all his funds, and his 12 billion was not enough.

In the end, it was those international investors who helped, and they ate meat with Soros, which enlarged Soros's capital to about 40 billion US dollars, which directly became the last straw that broke the camel's back, made the government of the country give up resistance, and also made the pound plummet, Soros finally reaped more than 3 billion US dollars in profits from the country, which became the most prominent battle in his life.

That's the power of international money, and now is the time to make that force come into play.

With the debut of 200 billion baht of international travel funds, Thai financial institutions, which have been holding on, are finally a little unbearable.

In fact, international travel funds have come a long time ago, and those international travel funds that have a good relationship with Soros are either sharp-eyed and have long understood that it is Soros's international travel funds behind it.

They have long followed Soros to short the market, otherwise where would Soros get so much Thai baht and swallow the previous $15 billion.

And the 20 billion baht that is pouring in now is the international travel capital that is an afterthought, and they are here to drink the last bite of soup.

Although Thailand ZF finally succeeded in eating these short orders with the US dollars still in reserve, this was only the beginning, and in the afternoon, more than 50 billion baht of short orders were sold into the market.

And the Thai institutions hesitated, and if they want to eat the 50 billion baht, they need to use a huge amount of 2 billion US dollars.

Thailand is a small country, and its own foreign exchange reserves are only 30 billion yuan.

In the past half a month, in order to stabilize the market, they have invested 15 billion US dollars to stabilize the exchange rate of the Thai baht.

If another $2 billion is lost, more than half of the country's foreign exchange reserves will be used in a month, which is a matter that needs to be carefully considered by any institution, the ZF behind them.

So these institutions stopped, and they needed to consult with the Supreme Leader and let the top brass make the decision.

And with the stop of the state apparatus and the loss of the gold coins for taking orders, the Thai baht began to plummet, breaking through the bottom line of 27:1 that it had bitten before within 20 minutes, and went straight to the point of 28:1.

Finally, at the end of the day, it even broke through to 29:1.

Although at this time, Thailand's top brass have already made a decision to maintain the exchange rate at all costs, even if all the $30 billion in foreign exchange reserves are exhausted.

This decision is correct, but it should not be, and this decision is late, and it interrupts the process of maintaining the exchange rate, which is already somewhat rigid.

In the course of the previous 18 days, Thailand has been sticking to the bottom line of 27:1, making everyone think that 27:1 is the bottom line of the Thai government.

And now this bottom line has been breached, that is, Thailand is not enough to fund, or simply intends to give up resistance, and the Thai baht is going to plummet!

Most people don't know the truth, they will only analyze it based on intelligence, and then analyze such a natural result.

Then, the market panicked completely.

Soros wants to seize this opportunity and begin to use the media to propagandize, saying that the Thai government has completely admitted defeat, they are going to give up maintaining the exchange rate, the value of the Thai baht will be reduced by dozens of times, and everyone's Thai baht will depreciate rapidly, and finally become worthless waste.

The effect of these rumors is terrifying, especially when they are not directed at all financial institutions, but to all the people in Thailand, and everything is over.

In the 19th year, when the Thai institutions decided at all costs to continue to bail out the market, they found that it was not their opponents who started to go crazy first, but their own people.

All the banks in Thailand were crowded overnight, and the crowd blocked all the bank gates, and these people had only one demand, which was to exchange their baht for US dollars.

"We can't change it, if we change it, we won't have any money!" Thailand's economy minister shouted.

Then Thailand announced that it would temporarily suspend the exchange of baht for US dollars.

The original meaning of the Thai institution was goodwill, in order to preserve foreign exchange, further in the market and international airdrop war.

But this order completely destroyed the confidence of all the people.

In Thailand, the government ordered to stop converting dollars, which means that the government really has no money, and the depreciation of the Thai baht has become a matter of course.

Suddenly, the exchange rate of the exchange has not changed, but in the market, the Thai baht is worthless, and even many shops and enterprises have directly put up signs refusing to accept the Thai baht, and on the black market, the exchange rate of the Thai baht has plummeted to below 50:1.

This time, all the domestic capital in Thailand, which originally held a large amount of Thai baht, could not bear it, and in order to protect their own interests, these capitals also began to sell the Thai baht in their hands, and the market suddenly soared hundreds of billions of Thai baht empty orders.

When the Thai authorities saw so many huge empty orders, they were stupid.