"The reason why we in Thailand can maintain such a high economic growth rate is because our Thai people are hardworking and hardworking, our people are full of wisdom, and it is also a gift from the great Buddha!"

"Therefore, our great country will continue to prosper, and the future will be even greater, more prosperous, so our financial industry, our real estate industry, will also develop at the same high speed!"

"As a financial practitioner, we must understand these things ourselves, and we must firmly believe in them, otherwise how to make your customers believe in them, and how to let our customers trust us with confidence?"

…………

After an enthusiastic in-house training session, Bala Chinawa returned to his job.

Bala Chenawatra is a staff member at Bangkok Bank in Thailand.

The name is not wrong, it is Bangkok Bank, because Thailand is mainly based on agricultural exports, so many of their domestic banks are also related to agriculture, and the Agricultural Bank of Huaxia is still one of the largest banks!

Since 92 years, because Thailand's exchange rate policy is the policy of biting the dollar, so with the increase in the exchange rate of the US dollar, the exchange rate of Thailand's baht has also continued to increase, which has led to Thailand's exports and industry have been hit hard, Thailand's economic development has gradually shifted from industry to the development of real estate and financial industry, in just 4 years, the average price of real estate in Thailand has increased by about 4 times.

Even a fool can see that the moisture in this is too high.

But even so, from institutions and even ZF, they continue to collect funds to the real estate or financial industry, and in the case of weak exports in October, they can only rely on the real estate and financial industries to continue to maintain the country's development.

Just as Bala Chinawatra was about to continue to fool the next customer and put the money into a fund owned by their bank, Bala Chinawatra realized that the person in front of him who came to him did not seem to want to invest money to buy the fund.

Idea, the other party seems to want to take out a loan.

"Sir, are you sure you want to mortgage your factory in Bangkok?" Bala Chinawa asked repeatedly.

"Not bad," he said.

"Are you planning to borrow money to speculate in stocks?" Bala Chinawatra asked with a smile, now Thailand's stock market is hot, and countless rumors of getting rich overnight through the stock market are wandering throughout Thailand, so there are many people in the market who take out mortgages on their various assets in exchange for funds to speculate in stocks.

So seeing that the other party wanted to take out a mortgage on his company, Bala Chinawatra asked with a smile.

"Almost!" The other party smiled, I don't know why, Bala Chinawa always felt that something was wrong once, but he didn't know why.

After reviewing the various formalities and documents of the other party, and after making sure that there was nothing wrong with these things, Bara Chinawa signed a one-year loan agreement with the other party.

The other party used his property as collateral to borrow 12 million baht, while Bangkok Bank charged 6% interest, which was a very normal loan transaction without any problems.

But for some reason, an hour later, a second person came to take out a loan, also with an asset in Thailand as a mortgage, but this time it was a loan of 60 million baht.

Bala Chinawa also helped the other party with the loan process after reviewing that there were no problems.

As a result, at the end of the day, Bala Chinawatra was surprised to find that he had handled four loan businesses in one day, which was the most loan business handled by Bala Chinawatra in the past year.

However, thinking that there were more times in the past, and that the stock market was hot now, Bara Chinawatra didn't think too much about it, and just thought that all the money was invested in the stock market.

Knowing that when he got off work, his colleagues were chatting in the rest room, and Bala Chinawatra realized that his colleagues had also received a large amount of loans, the total amount of which was more than a week.

And these are all short-term loans, the kind that only borrow for a few months.

But no one takes these things to heart, after all, although this kind of thing is rare, it is not impossible.

And the bank is also very happy, you can receive profits when you lend money, and if there is no profit, there will be an industrial mortgage, how can this be a thing that does not lose money!

In this way, about a month later, when Bara Chinawa, who was handling a loan business for a new customer, submitted a report to the head office, the head office did not approve it.

The loan with complete procedures and complete mortgage was not approved, which was a situation that Bala Chinawatra had never seen, and Bala Chinawatra asked curiously, only to learn from the mouth of the president with a strange face that the Thai baht of the head office had been lent out in full, after all, the reserve funds were reserved, so the head office asked to tighten the borrowing business. To put it simply, the head office does not have enough baht to take out a loan.

"There's a problem!" The governor touched his head, then clapped his hands and said, "I see!" ”

"What do you understand?" Bara Chinava asked, puzzled.

"This is a large amount of money to pour into the stock market, the stock market is going to continue to skyrocket, I hurry up and buy stocks!" After the governor finished speaking, he went to sell stocks in a hurry, and Bala Chinawa also felt very reasonable when he heard it, so he should not be busy, and put all his funds into the stock market, looking forward to the day when he will become rich overnight.

What these people absolutely don't know is that a few days ago, a foundation, by pledging more local assets, borrowed more than 100 billion baht from Thailand's central bank.

What's even crazier is that there are some people who have borrowed a large amount of Thai baht from some banks without even having anything as collateral, just holding their own foundation's signboard and a higher short-term exchange rate, and many banks' baht pools have even been borrowed.

Some banks can't even resist the temptation of high short-term profits, and even use their own dollars to buy some baht from the currency market to lend to each other, which in turn causes the exchange rate of the baht to rise a lot.

Everything seems to be so hot, it seems that another financial era is coming.

It's a pity that it is not the prosperous era that comes, but Soros and Soros's quantum fund.

In June 1997, when another morning came in Thailand, a 10 million baht selling order appeared in the Thai currency exchange market.

The order was quickly eaten for $400,000, but when the order was eaten, another order of 10 million baht was thrown into the market.

Of course, all this seems very normal, and no one can guess that a huge storm is about to sweep across Southeast Asia.

Historically, Thailand's smashing began in February 1997, and the world postponed the terrible financial war to June because of Boss Jia's little butterfly.

But what should come is coming.