Chapter 919 Oh, We Still Have Money

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"President, what should we do? Another rumor surfaced today, saying that our funds are insufficient."

Ba Song also had a sad expression on his face, this time it was really not a rumor, but their funds, which were really insufficient.

Last year, Thailand's foreign exchange reserves were still more than 30 billion US dollars, but since the beginning of this year, due to the trade deficit, the US dollar reserves are only more than 20 billion US dollars, and it has been used a lot before, and now it is about to bottom out.

Only then did he realize that he seemed to have underestimated Soros and those international speculators. This time, it's definitely not just Soros' Quantum Fund, there must be other people joining.

Originally, he was thinking of confronting those international speculators and dragging them down, but now it seems that the Thai government is about to be dragged down.

At this moment, Ba Song had an idea and came up with a good solution. Don't you always release fake news, so can I.

...

Huh? This is impossible, right?

Feng Yu watched the Thai news broadcast on TV. Bassong talked eloquently in front of the reporters, saying that they had already exchanged all the yen and German marks they had originally reserved into dollars in the market. With 30 billion U.S. dollars in funds, it will definitely win, and it will be a big victory!

"Brother Feng, does Thailand still have reserves of yen and deutsche marks?" Fu Guangzheng asked with some concern.

"There must be. Their foreign exchange reserves are mainly these three types. However, in their basket of currency policies, the reserves of the yen will not exceed 15%, and the reserves of the Deutsche Mark will never exceed 100%. Ten out of ten, and even this data, are already overestimating them.”

"Then they said it was fake news?" Fu Guangzheng's eyes lit up, it turned out it was a false alarm.

"Fake ones can no longer be fake. Their Japanese yen and German marks have already been spent. Yesterday, the baht was raised in the market, and the Japanese yen was used. This morning, the German mark was used. They also bought Thai baht in US dollars. That Bassong really doesn’t know how he got into the head of the central bank.”

As long as there is money to buy Thai baht, the exchange rate of Thai baht will rise, regardless of whether you use dollars or yen. The person who wrote this speech for Bassoon is also a financial idiot!

"Then how much foreign exchange reserves do you think they still have?" Fu Guangzheng asked, poking his nose.

"It will not exceed five billion dollars,

Tomorrow at the latest, they will run out of ammunition and food! "A wave of offensive today will be tested tomorrow, Thailand's last resort.

"So, the winner will be decided tomorrow?" Fu Guangzheng's face was filled with joy, did he win so easily? Then the money he invested in Fengyu Consulting, wouldn't he also be able to make money?

Feng Yu gave Fu Guangzheng a blank look: "Didn't I tell you that if you have a problem with your funds, how would you choose?"

"What do you mean, they will go out to ask others for help or borrow money? Do you know which country it is?" Fu Guangzheng remembered that Feng Yu had indeed told him this question.

"The most likely is Nanyang, followed by island countries and Indonesia, and then Malaysia and Baodao, but no matter which country lends money to Thailand, it will not be too much. More than 10 billion US dollars is the maximum capacity. Those The country's foreign exchange reserves are not very sufficient. And which country lends money to Thailand, which country is our next target!"

The foreign exchange reserves of those countries are not high, and if they dare to lend money to Thailand, they are courting death. The money borrowed will not only fail to help Thailand, but will also increase the crisis in their country. Any country that borrows money is a fool!

Fǎnzhèng Feng Yu told Zhu Tieji about this matter, no matter what, Huaxia will not lend money to any Southeast Asian country, at least not for the past two years.

"Then, could Soros have predicted this?" Fu Guangzheng asked nervously.

Feng Yu patted nǎodài, please, that's Soros, the best hedge fund manager in the world, there is no one, how could he not think of this kind of emotion?

Even if Soros drank too much and his brain twitched, unexpectedly, his four King Kongs would definitely be able to think of it. There are other brokers, and there must be elites.

TM With your financial level, you dare to question Soros!

"Don't think of other people as being on the same level as you, okay? Do you think Professor Liang can't think of this? Do you think your uncle can't think of this? Go ask the agents in the big office, is there anyone who can't think of it? If so , then you tell me, I can settle his salary and let him go home!" Feng Yu was very helpless.

Fu Guangzheng smiled coyly: "I just asked casually, so what, I don't bother you anymore, I'll go to the trading company to have a look."

...

Of course, Bassong knew that their funds were insufficient, so he released false news, intending to scare Soros and the others away, but found that it had no effect at all. However, to a certain extent, the amount of funds fleeing abroad has decreased, and the decline in the stock market has slowed down.

But this is not enough at all, the rate of decline has slowed down, but it is still falling, and the amount of funds fleeing abroad has decreased, and there are still funds fleeing abroad. And those international speculators have not stopped, the Thai baht is still being sold off, if there is no new funds in two days, they will be finished.

As a last resort, Bassong went to the general manager for help, and hoped that the general manager would come forward and ask other countries for help in the name of the country, or help them increase the Thai baht with money, or simply lend them a sum of money.

Chawali was still full of confidence at first. Is that what the news said? It wasn't until Basong came to report that he realized that Thailand had no money!

Chawari was born as a general, and he is not very good at politics, let alone economics. I don’t know how many locals were fooled by those news, but Chawari must be one of them.

"You mean, if we can't borrow money tomorrow, we might not be able to carry it?"

"Yes."

Chawali almost took out his gun and killed the damn president! It's time for TM, you just told me? In one day, even if I can borrow money, I will definitely have to pay a huge price.

But if you don't borrow money, the loss will be even more serious. Basong told him that once the exchange rate plummeted, Thailand's economy would inevitably collapse, and domestic inflation would appear at that time, and those foreign debts alone could crush Thailand!

"You try your best to resist me now, and I will borrow money. If you tell me that it is too late before I borrow the money, then I will kill you!" Chavali said angrily, with a clear view of the warlord's style.

The frightened Basong went back, anxious for some experienced people, and even invited some folk financial experts to discuss together how to deal with it.

When the strength of the two sides is similar, strategy can play a vital role. But when one side has a crushing advantage, the role of strategy can be nothing more than delaying the time of failure.

Soros held a glass of champagne and drank happily. Is your Thai government out of money?

Hehe, we still have money!

~~Recommended by my friend The Rise of the Orangutan's masterpiece "Entertainment Master", ISBN: 3483511 (To be continued.)