Chapter 1327 - Earning
The year 1997 was a turning point in Asia from its heyday to its decline, and the impact of the financial crisis completely crushed the economies of countries and regions such as the Four Dragons and the Four Tigers, and even the regimes in Southeast Asia and other places fell into a period of unprecedented turmoil.
And this day is getting closer and closer, which is why Li Siwen does not dare to kill the horse pistol, in case of a sudden outbreak of financial crisis, he has no money to return to the sky.
Now that he has successfully retreated in the Thai market, his 300 billion baht has been sold in the early stage, and the average exchange rate has been converted to 23.5 to 1, which means that he has 12.8 billion US dollars in his hand.
This money, minus the $6.5 billion that needed to be spent in July, leaves $6.3 billion. Of course, he still owes 100 billion baht to the Bank of Thailand, as well as 50 billion baht to his partners, for a total of 150 billion.
To put it simply, as long as the baht depreciates more and more, the more money he makes.
Therefore, at the moment, he is successful, even if the bet with Soros is lost, but he is making real money, and he never thought that he could win Soros in the Thai market.
On June 22, 1997, Soros sold his last hole card in the market, a forward Thai baht bond worth 15 billion US dollars, and the news that the Thai baht was about to collapse was overwhelming, sweeping the entire financial world, more terrifying than ever.
That night, Malaysia rejected the offer to save the baht and kept its assets to defend the ringgit, while Singapore saw this situation and had no choice but to retreat from the financial market, and the baht fell by 7% that night.
And the most important thing is that as Li Siwen said, the sniping of financial players is only a fuse for the financial crisis, and the economic bubble in Asia has long been on the verge of collapse.
On June 23, 1997, Thailand announced that Finance Minister Wirawan had been dismissed for corruption and bribery, and Deputy Minister Abin temporarily took over the position of minister. As soon as the news was announced, the exchange rate of the Thai baht plummeted, and the exchange rate against the US dollar approached 40 on the same day.
In the villa, Li Siwen was drinking tea leisurely, and Li Fuzhen looked at him with admiration.
"Oba, I'm really right, it seems that the corner of the financial crisis has been opened up by Thailand." Li Fuzhen paused slightly: "If this development continues, the unlucky ones will be the whole of Asia, do you say that if Asian countries could unite to help Thailand at that time, would this financial crisis be avoided?" ”
"It's just going to be slower, but it's definitely not going to be avoidable. What's more, all countries are sweeping the snow in front of their own doors, how can they be united? Especially like Japan and South Korea, these old and beautiful dogs, do they dare to argue with the old United States? ”
As soon as Li Siwen finished saying this, Li Fuzhen glared at him viciously: "Don't forget, there are South Koreans here." ”
"Oh, I'm sorry, but I really hope you can marry Huaxia."
"Will you marry me?"
Li Siwen was stunned for a moment when asked, and said politely: "If it weren't for your sister-in-law, I might think about it." ”
Although Li Siwen's words were polite, Li Fuzhen was still beautiful to hear, and at this moment, Li Siwen's phone suddenly rang.
"Hey, is it Mr. Li?" The call came from Ah Bin, speaking a broken Chinese language.
"Yo, Minister Abin, congratulations on Gao Sheng." Li Siwen replied with a smile.
"Congratulations, exactly, right? Your plan has succeeded. Ah Bin said slowly: "Just now we calculated that you can earn billions of dollars this time, even more than Soros." ”
"Minister Abin, you won't be here to ask the master about the crime, right?" Li Siwen asked softly.
"Don't worry, I'm not the one who crosses the river and demolishes the bridge, but I've just been promoted to the Minister of Finance, so I have to make some achievements, right?" Ah Bin paused for two seconds and said, "I need you to return the arrears of Bangkok Bank and the financing of the two giant companies in Bangkok, after all, if you continue to play and disappear, it will affect the international reputation of your Datang." ”
"Hehe, Minister Abin, I don't want to repay the debt at all." Li Siwen replied.
"That's good, when will it be returned?" Ah Bin asked.
"I will naturally repay the arrears of Bangkok Bank when they are due, and as for the money from those two financings, I always have to go through a process." Li Siwen thought for a while and said.
"Mr. Li, I'll call you personally, don't you give me any face? Expiration yet? Is your loan worth anything after it expires? Bangkok Bank lent you at an exchange rate of more than twenty, and now the exchange rate is close to forty, and you have earned enough.
Besides, this money was originally for you to build an electronics factory, and now you only paid a deposit on the other side of the land, this electronics factory must not want to do it, shouldn't you return the money?
I know that when I gave you a loan, Cheng Chai and Panich played tricks, and I apologized to you on behalf of the two of them, their losses were enough.
Just do me a favor, Thailand will welcome you in the future, and we will not accuse you of your dishonesty in the international community. ”
Ah Bin said a long series of words, obviously he had already prepared these words, Li Siwen didn't want to make things too desperate when he heard this, and said softly: "It's okay to repay the loan, but you have to put my people back first to ensure that they leave Thailand safely." ”
"No problem, tomorrow morning." Ah Bin said.
"Okay, I'll have a press conference tomorrow afternoon." Li Siwen replied directly.
On June 24, 1997, after receiving the news that Lin Shu and others had left Thailand safely, Li Siwen appeared on the Xiangjiang Financial Channel in the afternoon of the same day, and the recent rumors of his disappearance were self-defeating.
And he did not explain his recent whereabouts, but only announced to the outside world through the financial channel that after evaluating the market research in Thailand, he decided to temporarily cancel the preparation activities of the electronics factory, and will return the principal and bank loans of the relevant investors within three days.
Li Siwen's operation has fully brushed up a wave of credibility in the international field, after all, there are not many companies that return the principal so quickly after financing in this era.
At the same time, the business district of Xiangjiang has also exploded because of the appearance of Li Siwen, during this time, many people who participated in the investment of the Red Sea Fund were worried that they would not be able to get the money back, and now they have finally seen a ray of sunshine.
On June 27, 1997, Li Siwen exchanged 3.4 billion US dollars for 150 billion baht to settle the arrears of the Thai side, minus the principal and interest of the Red Sea Fund of 6.5 billion US dollars, and he earned a total of 2.9 billion US dollars on this trip to Thailand, which took only three months.
But while making money, bad news also came.