Two days later, TV News.

Thailand's "finance minister" officially announced that he would abandon the fixed exchange rate system that had been insisted on for 16 years, and submitted his resignation letter at the same time as the "central bank governor".

Because Wall Street sold a large amount of Thai baht yesterday, triggering a wave of exchange.

The oligarchy has even come up with a huge amount of 100 billion baht worth of maturing government bonds worth more than $40 billion.

The central bank of Thailand was asked to repay the bonds at a fixed exchange rate.

At this point, the central bank was unable to taste it back, and the Thai baht completely collapsed.

"Ladies and gentlemen, today I will announce on behalf of the Thai Ministry of Finance that the Thai baht will be pegged to the US dollar."

"Starting from the opening of the market today, a free exchange rate system will be implemented."

"I will step down as Minister of Finance, thank you."

The resignation of the finance minister not only represents a huge depreciation of the baht.

And at the same time, the value of Thai products and Thai labor is also depreciating. And with the beginning of the free exchange rate system, it was equivalent to the government handing over financial control.

In the future, how much the Thai baht is worth, the Thai government does not count, only the oligarchs on Wall Street say it.

When the U.S. wants to cut the baht, the baht will depreciate, and when the U.S. wants to pay you back, the baht will appreciate.

Unless the Thai government dares to close itself off the country and withdraw from free economic organizations. In other words, the Thai government can earn enough foreign exchange to be eligible to reintroduce relevant regulations. But at the very least, the oligarchy has wreaked a blow to the Thai economy and reaped the fruits of decades of hard work of the Thai people.

Overnight, Thailand shut down 42 financial institutions and declared bankruptcy of 370 listed companies, causing a ripple effect that set the Thai economy back at least a decade.

A 30-year-old factory mechanic, Nava, got up at about seven o'clock in the morning and changed into khaki overalls.

On a daily basis, he wakes up from his apartment on the outskirts of Bangkok and rides a bicycle to work at a factory three kilometers away.

Before leaving, her wife gave her a bento and stuffed it into Nava's satchel: "Sir, I'm going to be sorry for you again today." ”

"For the sake of our family, Erawan Buddha will bless us." Nava kissed his wife's forehead, smiled, and turned to leave the house.

Her wife did her duty, taking the children to kindergarten after her husband left.

"Good morning, Madur."

"Good morning, Canano......" Nava is not usually in the habit of watching the news, and still greets his acquaintances on the side of the road warmly as usual.

But no matter how he rang the bell, his friends who used to be happy were all tidying up with numb expressions. Before you know it, there is an atmosphere of unease in the air of the city.

Arriving at the factory gate, Nava parked his bicycle in the carport and happened to meet the security guard "Uncle Bora" who was watching the car. He patted his satchel with a smile and said with a hint of pride: "Uncle Bola, let's eat together in the canteen at noon." My wife made the best stir-fried pork with coconut greens! ”

"Nava boy, you're still in the mood to eat. Did you know that last night the Thai baht plummeted, and many rich people went bankrupt. Uncle Bora's face was gloomy, and his brows were full of sadness.

But "Nava" didn't care about it, took out a 1,000-Thai banknote in his pocket, and snapped out with his fingers: "No? A thousand baht or a thousand baht, how can it fall? ”

"We don't speculate in stocks, so it won't affect us."

Uncle Bora hadn't read much, and when he saw Nava's actions, he felt a little wrong, but he felt that it made sense.

Suddenly began to wonder if he heard something on the news and was a little worried? Anyway, the sky is falling, and there are still those big rich people on top, so you can't hit them no matter how you smash them, right?

So Uncle Bora nodded, patted Nava's shoulder and said, "Nava boy, let's go to work in the factory." ”

Nava grinned, carried his bag, and followed Uncle Bora, and the two walked into the factory together. But when they entered the factory, they saw a crowd of people, all standing in the square, raising their arms and shouting: "The workers are not guilty!" The workers are not guilty! ”

"Capitalists should not fire workers! Capitalists should not fire workers! ”

When the two saw this scene, they couldn't help but glance at each other and rushed into the crowd. After some inquiry, they learned that as soon as the workers went to work today, they received a layoff notice. Now the workers, who are not convinced, are gathering in the square to protest.

However, this factory has become a large enterprise near Bangkok, and the "iron rice bowl" in the eyes of the people. Specializing in exporting food, the salary and benefits are very good.

At the beginning, Nava was also able to stand out in several selections and become a member of the factory because of his strong body and good skills. In the end, with only five years' salary, he mortgaged a house in the suburbs.

It shouldn't be...... More than ten years after the establishment of the factory, it was the first time they had heard that the factory was going to lay off employees.

In the midst of the chaotic crowd, a man in a suit and a red hard hat stepped on a tall wooden box. He rolled up a newspaper, aimed it to his mouth, and shouted to the crowd: "Quiet, quiet! Ladies and gentlemen, I am Aticha, the owner of this company. ”

"It's Mr. Aticha." Nava, Bora and the others all knew the big boss, and after seeing the big boss come forward, the noise of the crowd gradually subsided.

I saw Aticha with a tired face and a sad tone: "I'm sorry, I'm sorry, because of the depreciation of the baht this morning, the goods in our factory can only be sold at a loss." ”

"Your paycheck factory will be paid normally, but the company can't run anymore."

"Factory ...... Went out of business. ”

When Nava heard the end of the factory's closure, his head buzzed and he fell into a state of stupor.

The factory is closed, what should he do? How is the child? How do I pay off my mortgage? Will he be able to find his next job......

The co-workers were seen walking to the front and taking their salaries from the hands of Aticha's boss. Nava also walked to the wooden box with a confused face with the crowd, and took the salary from the boss of Aticha.

When he came to the street with his salary, he suddenly found that there were many times more people walking on the street than in the past. They all had stacks of Thai baht in their hands and were frantically buying items in the shops.

Only then did he know that the number of baht in his hand had not changed, but his purchasing power had dropped significantly. What used to be 200 baht is now not available for 1,000 baht.

At the same time, the bosses of foreign-funded enterprises are paying wages to their employees with smiles on their faces. In the past, they paid each employee a monthly salary of about 10,000 baht, which is equivalent to more than 400 US dollars. But now 10,000 baht is still distributed, but only more than 100 US dollars are spent.

The cost savings and profits generated in the middle can be called huge.

Together, the foreign-owned factories in Thailand save at least tens of billions of dollars a year.

Moreover, the local factories have closed down, and there are no factories to compete with them, let alone worry about whether there is anyone to use them.

Most of the unemployed workers outside are hoping to find work again. Taking advantage of this opportunity, they may be able to reduce the wages of their workers.

After the workers left the sharply depreciated baht, the Thai suppliers who came to deliver the goods also arrived at the door of the foreign-owned factory.

This supplier is specifically for a U.S. tire company to deliver rubber raw materials. According to the contract, the tire company will buy the rubber raw materials at a price of 5,000 baht per kilogram.

Up to 10 tons of rubber raw materials per month need to pay a total of 50 million baht, that is, 2 million US dollars. But now, for the same 50 million baht, they only have to spend 500,000 US dollars.

So when the rubber merchant got out of the car, he took the initiative to find the owner of the tire company and handed the white-skinned man a cigar.

With a worried look, he cautiously asked, "Sir, can this batch of goods be settled in US dollars?" ”

"We are willing to supply you with future goods at a price of one million dollars per ten tons."

The owner of the tire company, with his hands on his hips, smoked a cigar with disdain: "No! We supply contracts for up to five years, and if you want to break the contract early, just wait for the company to go bankrupt! ”

"Remember, the contract stipulates that the settlement will be in Thai baht, and the liquidated damages will be settled in US dollars!"

"Come here, get all this rubber to the factory."

……

Wall Street, New York.

Soloth held a cigar in his mouth, sat in front of the office and scolded Fang Xuan: "Very good, the prize money of the Thai group has doubled this month, and this blitzkrieg is very beautiful!" ”

"In two days, forty-eight hours, we completely broke the baht. The total investment is $40 billion, and the Thai government has come up with more than $30 billion to bail out the market, plus the losses of international retail investors, our total profit has reached $40 billion. ”

"With a 100 percent rate of return, it's a perfect war."

Soloth smiled happily because the $40 billion was just a profit, and the impact in Asia was much more than that.

But those benefits are valued by the gentleman in the White House.

For him, the money he really gets is the best.

And as long as this war is fought well at the beginning, the snowball will get bigger and bigger, and the money in the account will be more and more.

Suddenly, the chief analyst of Hong Kong Island raised his hand and asked: "Sir, the landlords' association has been aware of our actions, and has been acquiring Hong Kong Island's creditor's rights in the market since two days ago, and has stabilized the current Hong Kong dollar exchange rate and the Hong Kong stock market. ”

"I suspect that they have more money than expected."

Soloth laughed contemptuously: "What are you afraid of? Even if they have six billion dollars, or even ten billion dollars, it doesn't matter at all! ”

In his own predetermined plan, Soloth has a good plan. As long as the funds of the landlords' association do not exceed 10 billion US dollars, they will suffer a devastating defeat. Even if it exceeds $10 billion, with the momentum of the current snowball, Wall Street will win the final victory.

"The general trend has been achieved, and we need to continue to capture the next target, the won!"