"George, do you know what it means that the tiger has just stretched out its claws and the donkey is already panicking?"

New York, inside the Quantum Fund office.

Jones was mockingly telling a bad joke about an animal.

"This shows that the donkey has exhausted all its skills, so it will feel restless when facing the tiger."

"There is a word in China called "poor donkey skills", and I think it is very appropriate to describe Thailand at this time. ”

Soros, who lost $300 million, did not show any frustration on his face, but joked about the big war with ease and pleasure.

"Thailand forbade us to borrow baht, but they would never have imagined that we still had a huge amount of gold in our hands." Jones sneered at the corner of his mouth.

When Thailand discovered that Soros was maliciously shorting the Thai baht, it immediately ordered major banking institutions to prohibit lending Thai baht to Soros, and forcibly closed more than a dozen suspicious financial institutions.

At the same time, the interest rate was greatly raised to absorb the Thai baht, wanting to increase the cost of shorting Soros.

However, all this was expected by Soros.

They have already hoarded a large amount of gold in advance, and once the financial crisis breaks out, gold, a hard currency, will become a safe-haven variety, and the price will skyrocket.

June 1997.

Soros ordered the sale of the gold he had hoarded at a high price in order to raise enough money.

Late June.

The international tour capital, led by the Quantum Fund, once again launched a fatal impact on the Thai baht.

First of all, several Thai news outlets have been bought, and they have been releasing news that is not good for the Thai economy in the market.

Immediately afterwards, international investors began to sell the baht in full force.

As soon as the battle began, the Bank of Thailand's $30 billion reserves quickly bottomed out, leaving only a pitiful, less than $2.5 billion.

On June 30, Thailand's top brass made a public statement on the news, saying, "The Thai baht will never depreciate, and we will let those speculators lose all their money!" ”

Similar to a speech with teeth and claws, Soros and others laughed wildly in the office, but instead intensified their efforts to short.

Because in their opinion, the more Thailand lacks something, the more it will blempty itself to prove itself.

At this time, the crowd of people who followed the trend and sold was already crowding the streets of Bangkok.

As far as the eye can see, everyone is short except for the Bank of Thailand itself.

Two days later, unable to withstand the pressure of the run, the Bank of Thailand was forced to announce that it would abandon the original fixed exchange rate system and implement a floating exchange rate system, and the Thai baht depreciated against the US dollar.

As soon as the news came out.

On the same day, the Thai baht fell by 20%, and the overall depreciation was close to 40%, hitting a record low!

Subsequently, the governor of the Bank of Thailand, Lencha Malaka, announced his resignation.

...

"Ah Wei, the baht has collapsed!"

Lin Zeju rushed to Infinity Company in a hurry.

As soon as he entered the office, he saw Chen Weidong drinking coffee calmly, as if everything in the outside world had nothing to do with him.

He didn't understand.

"What's the panic, you're so frizzy, how can Brother Cheng rest assured that he will hand over the Yellow River Group to you in the future." Chen Weidong said old-fashionedly.

"The financial crisis really broke out just like you said!" Lin Zeju didn't care about Chen Weidong's verbal squeeze at all, but kept walking around the office, not knowing whether he was excited or scared.

The depreciation of the Thai baht against the US dollar, the collapse of the exchange rate, and the outbreak of the financial crisis caused Thailand's economy to enter a full-scale depression, and its ability to make external payments shrank by nearly half.

Fifty-eight financial institutions announced closures, accounting for more than half of Thailand's financial institutions, and the total deposits accounted for more than two-thirds of the country's total deposits.

At the same time, more than 10,000 enterprises went bankrupt, and the number of unemployed reached 2.7 million.

Due to soaring prices, the number of unemployed people has soared, and various problems such as theft and murder have occurred frequently.

The once-peaceful Buddhist society is now in disarray, and the prime minister, Chavali, who has been in office for less than a year, has had to resign.

Even the Thai business community, once with hundreds of millions of assets, the leader of the situation "Shi Lihua" returned to poverty overnight, and had to hang a box on his chest every day and sell sandwiches made by his wife on the street to make a living.

The 48-year-old billionaire who lives on the streets selling sandwiches has become the most inspirational news of the moment.

"It's just expected, what are you panicking about." Chen Weidong took a sip of coffee and said lightly.

"Expected?"

Lin Zeju's eyes lit up, his footsteps stopped, patted his forehead and said, "Yes, I almost forgot, you expected the financial crisis to break out in Thailand in advance, so are you ......?"

"Hahaha, do you think I'll miss it?"

Seeing the other party's funny expression, Chen Weidong finally couldn't hold back a smile and stood up from his position.

"How?!" Lin Zeju rushed over and said excitedly.

"Of course, I followed Soros to short the foreign exchange market and the stock market." Chen Weidong sat on the sofa with a stinging expression and explained calmly.

The fall in the exchange rate of the Thai baht led to the decline of the stock market, and international shorts such as Soros sold the Thai baht on the one hand, and shorted the stock market on the other hand to make money.

In order to allow the stock market to fall more and magnify the profits of shorting, the quantum fund needs to buy a small amount of blue chips in the Thai stock market in advance.

Because blue chips usually have relatively stable value preservation properties and the ability to create profits, they are an excellent choice for stock market smashing.

As the Bank of Thailand continues to raise interest rates against international speculators such as Soros, domestic economic flows have also been affected.

Because raising interest rates means increasing the cost of financing for enterprises, which will cause the profits of enterprises to decline and greatly reduce their enthusiasm for production.

Therefore, this is definitely an act of killing 1,000 enemies and losing 800 of yourself.

Coupled with the fact that external bears wantonly spread false news that is unfavorable to the stock market, and the quantum fund will take advantage of the trend to smash the market, and the people will follow suit and sell.

Naturally, the stock market plummeted.

However, the praying mantis catches the cicada, and the yellow finch follows.

As an "outsider", Chen Weidong predicted the game between Thai banks and international investors throughout the whole process.

So much so that there is no need to pay the cost of selling and spreading the news at all.

You only need to short the Thai stock market and the Thai baht with a full position when the international capital attacks, so as to maximize the profits.

After being shorted by international funds, the Thai stock market only has a pitiful 400 points left in the index, which is not an exaggeration to describe it as a chicken feather.

"Infinity" also successfully completed the victorious escape when a large number of foreign capital was withdrawn.

"How much did you earn this time?" Lin Zeju asked in a trembling voice.

Last time, Chen Weidong made more than 20 billion Hong Kong dollars quietly, which made Lin Jiacheng admire him, and secretly asked him to learn from Chen Weidong many times.

"It's estimated to be billions of dollars, and the specifics will not be known until all the funds are withdrawn." Chen Weidong replied after a little thought.

"Hiss~~~"

Lin Zeju gasped for air conditioning.

If this is the case, wouldn't Chen Weidong's liquidity reach more than 50 billion Hong Kong dollars?

More than the cash flow of the Yellow River Group?!

A financial tycoon?

The youngest billionaire in business?