530 baht lost
In the evening of the same day, the director of the Hong Kong Island Monetary Authority, with his family, boarded a plane to Bali for a vacation.
After the local council deployed all its strength, it completely replaced the function of the HKMA. It will replace the poor and dog-like HKMA and stand up to fight this battle against Wall Street.
Hengye Building, Huang Shitong carried two plastic bags and walked quickly into the office area of Tianze Securities. I saw 500 securities managers, all sitting in front of the computer, busily typing on the keyboard.
Yazi, Luo Minsheng, and twenty financial elites of the trading group were reading around a whiteboard in front of the hall, discussing the recent situation. After seeing a group of bodyguards escorting Huang Shitong to the company, they immediately stopped talking and looked at the plastic bag in Uncle Tong's hand.
"Daddy." Wearing a suit, Bud stepped forward and said tentatively.
I saw Huang Shitong neatly throw two transparent plastic bags directly on the table.
"This is the debt letter of two hundred and thirty companies, handed over to you." Huang Shitong looked at the buds and preached.
Although he was in command this time, he only controlled the overall situation and was responsible for the strategic arrangement.
Yazi carries Tianze securities, and he can be regarded as leading the troops.
As long as you can train yourself well in this financial war, you will have the opportunity to surpass him as an old man in the future.
Now seeing the two plastic bags on the ground, Yazi naturally understood what Daddy meant, nodded and said, "Daddy, leave it to us!" ”
"Okay." Huang Shitong nodded, and he explained the matter.
Luo Minsheng immediately bent down and took out a letter of creditor's rights from the plastic bag, opened it casually, and saw that it was actually 51% of the shares of a listed company.
casually took out another letter of creditor's rights, and it turned out to be a listed company, which was also a 51% story.
Tsk, the entire Hong Kong Island can get the equity of 230 companies, and it can scare people to death when it comes to it! And each equity book worth the least 10 million Hong Kong dollars, just like that, more than 100 copies, a large bag stuffed in a plastic bag? This kind of thing, I'm afraid only Uncle Tong is qualified to do it.
didn't have time to think about it, Luo Minsheng hurriedly put the equity book back in the bag, carried one in one hand, picked up two bags, and rushed into the office area with the people from the trading team.
"Send it down! Send it down! ”
"Look at the name of the company and log in to your account! Stabilize the stock price! “
"What I want to stabilize is the stock price of two hundred and thirty companies! If you want to fall, you will fall together, if one family falls one dime, the other family can't fall two cents! ”
"Even if the market is falling, I will rise once in three days, I want to be stable! Stabilize the market! The financial elites of the trading group immediately distributed the equity group to the group leader.
More than 500 securities managers in the office area immediately became the turning tooth *** controlling the entire Hong Kong stock market.
Luo Minsheng's roaring voice echoed in the office area. He knew very well in his heart that it was impossible to buck the trend and rebound, and the best way was to maintain the stability of Hong Kong Island. Even if it falls, it must fall steadily. And occasionally it needs to rise a little bit to maintain the confidence of stockholders.
Bud looked at the methodical employees, nodded with satisfaction, and returned to the office to turn on the computer. After entering the account password of the landlord's association, I saw that the ten-digit dollar amount above was rapidly rising at this time.
It was the support of the tycoons on Hong Kong Island, which was being remitted into the "account" of the landlords' association. At the same time, within the expenditure item, the amount is constantly changing.
Because it was Mak Shengyun and Lin Rundong, who were mobilizing the money in their accounts to buy Hong Kong Island's creditor's rights. At the same time, it is also Luo Minsheng's current expenditure to manipulate the Hong Kong stock market.
In this account, hundreds of millions of dollars a second!
……
On Wall Street, Soloth smoked a cigar and quietly listened to the report of the chief analyst of Hong Kong Island. When the analyst finished, he raised an eyebrow and let out a long puff of mist.
"War begins!"
"Throw the baht!"
Soloth's figure moved from the floor-to-ceiling window to the conference room, making a downward gesture. The chief analyst of Thailand in the audience immediately took out his mobile phone to call: "Throw Thai baht!" ”
"Throw the baht!" A financial expert on the third floor of the building hung up the phone and yelled at the salesman.
"Throw the baht!" The 1,000 salesmen in the hall on the third floor started their busy work in an instant.
Amid the sound of their keyboards, one after another Thai baht exchange orders appeared in the international trading market.
Thailand, Ministry of Finance, Monetary Office. The team leader who was sitting in the office suddenly heard the voice of the team member: "Team leader! In the international currency market, there have been too many orders to sell the baht. ”
"Huh? If there are no buyers, we just eat them. The currency team leader, who was wearing an earthy yellow uniform, sucked the coconut green in his hand, not realizing that it was wrong at all.
"Understood." The team member answered, and immediately began with other colleagues, using the money in the office account to collect the baht from the international currency market.
In general, the value of large amounts of international currency in the market will fluctuate. It is not necessarily higher than the regular exchange rate, but it may be lower.
However, the number of orders in the market should not be too much, and once there is an obvious downward trend, it will trigger a tide of Thai baht exchange.
Currently, the Thai baht currency is pegged to the US dollar at a fixed exchange rate, with one US dollar equal to 25 baht.
The price of these sold baht orders is around 26 baht per dollar.
The price fluctuations are not very large, but the number of orders is extremely high, as much as 26 billion baht......
After the monetary office started to eat the Thai baht, it was found that the Thai baht in the international market not only did not decrease, but became more and more.
The total amount is as much as more than 30 billion!
And the price has fallen below the price of 30 baht for one dollar.
You should know that the more baht a dollar is equal to, the greater the depreciation. The lower the value of Thailand's manpower and materials in the international market.
The current price is already much lower than the normal exchange rate!
Retail investors in the international market have realized that something is wrong and have begun to sell their orders, so the selling orders of the Thai baht in the international market have been increasing.
In less than ten minutes, the team members ran out of office funds, raised their heads and looked at the currency team leader and said, "Team leader, our account is empty!" ”
"Running out of funds?" The currency team leader sucked coconut green and didn't raise his head.
After a few seconds, he looked up in shock and said, "What? Drained of funds? That's $100 million! ”
With an expression of disbelief on his face, the leader of the currency team threw away the coconut green in his hand and walked quickly to the team member's computer. I saw that the computer was beating with Thai baht orders from the international market, and the total amount reached 50 billion.
At the same time, there is a capital 0 on the column of the account funds.
"It's only been five minutes, it's only been five minutes...... "The currency team leader muttered to himself as he looked at his watch, and immediately realized that something was wrong. What kind of report is written at this time? Immediately reflexively rushed to the finance minister's office, wanting to report against time.
Because if it goes on like this...... Everyone in the international currency market will know that the Thai baht is falling sharply.
Once the exchange rate falls above 30, I am afraid that even buyers who buy the bottom will no longer be interested.
All buyers with Thai baht in their hands will choose one thing, and that is to exchange the US dollar at a fixed exchange rate with Thai officials.
As a result, there will be a wave of exchange.
If Thailand can come up with so much foreign exchange reserves, it can smooth out this exchange wave, but Thailand's foreign exchange reserves have always been very small. Moreover, most of them have to maintain armaments, and even fewer can be used to support economic warfare.
So the best-case scenario is to take all the baht orders before the exchange tide appears. Eat as much as you want, and you must not let the market lose confidence in the baht.
However, when the head of the currency team stood in front of the Minister of Finance out of breath, he saw the Minister of Finance holding the phone and sighing at his weakness: "The exchange tide has begun." ”
……
Within 24 hours, the oligarchic group's frenzied sell-off of the Thai baht completely detonated Thailand's foreign exchange crisis. In the first half of the exchange wave, the Bank of Thailand also chose to exchange according to the exchange rate.
But starting from the second half of the day, one day of transfer time was added.
In addition, the central bank announced in the evening that it would raise interest rates on foreign exchange.
These two successive moves have exposed the external strength of the Thai Ministry of Finance, which not only did not solve the exchange tide, but increased the exchange turmoil this time.
The next morning, the current finance minister made a televised speech in front of the world media: "Thailand has adhered to the dollar-pegged exchange rate for 16 years and will never give up." ”
"One dollar, only equals 25 baht, absolutely not one baht higher!"
"The baht will never be lost! We're going to let those speculators lose all their money! ”
Hearing the decisive voice of the Minister of Finance, Thailand's big bosses were relieved.
You must know that the big entrepreneurs of a country are actually doing business internationally. They have to sell Thailand's stuff to the world in order to be able to drive Thailand's economic development.
Therefore, when the Thai baht is lost, they are the first to lose!
The losses of these large enterprises will then be fed back to the small enterprises, and finally lead to the chain reaction of workers losing their jobs.
In this way, when the workers lose their jobs, prices will soar and the economy will regress.
But when Huang Shitong, who was far away on Hong Kong Island, saw this scene on the TV, he provoked a sneer in his mouth: "The Thai baht has collapsed!" ”
A country is equivalent to a person, whether you have money or not, it is not your mouth, you have to take it out of your pocket. If you don't have any money in your pocket, no matter how loud you shout, you will still collapse when it's time to collapse.
Who told you to peg to the dollar? If something goes wrong, others won't recognize your baht, others will only recognize your dollars. Why is the US dollar a hard currency? That's because the guns in the United States are hard enough!
It is precisely because the guns in the United States are hard enough that the oligarchs on Wall Street have the courage to ransack the whole world. Hehe, you haven't heard of any oligarchy in Myanmar, India, right?
Now Wall Street's sell-off of the Thai baht is just a charge, and Wall Street still has a large number of Thai government bonds that are about to mature!