International speculators have launched an attack on Thailand.

As the first leg of the Asian financial crisis, Thailand's performance has been nothing short of terrible. Or rather, from the very beginning, Thailand has been in place since it established an offshore financial policy and relied its economy entirely on foreign capital and exports. It's only a matter of time before it crashes.

In a few months, Thailand's foreign exchange reserves will be untenable, and at that point, the Thai government will move from a fixed exchange rate system to a floating exchange rate system, and then the whole of Asia will be devastated

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