Chapter 924: Floating Exchange Rates

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Please enter the text, "This is your company? This is not okay, so many people are crowded in such a big place, and it is still chaotic." Feng Xingtai commented after viewing it at Fengyu Consulting.

"Dad, isn't this a provincial place? Do you know how expensive the office rent is here in Xiangjiang!"

"How expensive is it? Can it be more expensive than the one in the capital?"

"It's eight times that of the capital city!" Feng Yu said while gesturing with his hand.

"What? Just this shabby place, just this shabby building, paying eight times more? Isn't this stealing money! You prodigal bastard, how did you get such an expensive office!" Feng Xingtai almost jumped up, how could it be so expensive?

"So, I bought this building two years ago, and the other floors are rented out. The space they save is all for us to make money."

Feng Xingtai immediately became beaming: "Ah, this building belongs to us. It's understandable that it's more expensive. Don't everyone say that every inch of land is expensive!"

Seeing his father's attitude change rapidly, Feng Yu smiled and shook his head.

"Dad, I may be busy during the day these few days, let Guangzheng accompany you to go shopping, and I will go to see you at night."

The Thai government can't stand it anymore, and will immediately take the "seemingly correct" measure, and then it will be completely defeated, and the Thai baht will fall to their hearts.

Now the exchange rate of the Thai baht to the US dollar has reached 28:1. Tonight, it will definitely fall again. All the money borrowed by the Thai government has been invested, but it still can't beat Soros' army.

Feng Yu will also be watching here. Before the policy in Thailand is introduced, he will be watching.

"Okay, for the sake of the country, Dad understands you." Feng Xingtai leaned into Feng Yu's ear and whispered mysteriously.

Feng Yu was at a loss, what for the country? I am making money for zìjǐ. Seeing Fu Guangzheng's wink, he wisely didn't ask any further questions.

The company was just like that, nothing to look at, Feng Xingtai was dragged away by Fu Guangzheng in a while, and everyone else was waiting, they came in the name of a tour group this time, is it easy to get a visa?

Li Na's parents also came, but they didn't come to the company to see. They were waiting in the car with Li Na and the others.

Feng Yu's performance this time,

This made Li Na's father very satisfied. There are not enough seats, Feng Yu and Li Shiqiang are standing on the side, but they are sitting.

Since he said it, Li Na's father also looked away. It seems that there is nothing wrong with Feng Yu. Such a good thing, if you still think about them, it is considered intentional. Some unscrupulous sons-in-law don't care about their father-in-law and mother-in-law, and they just know how to abduct other people's daughters.

Feng Yu also said that he should not go to work and take the couple directly to the capital, but he firmly refused. It wasn't that he was reluctant to part with this job, nor that he didn't want to go to the capital, but that the father-in-law and mother-in-law ran to live with their daughter and son-in-law. When it comes to marriage, he can't afford to lose that person!

If they have children after he retires, can they be said to have helped look after the children in the past?

"Boss, you are happier than me. When I was in my early years, my parents were gone." He Zhaoji sighed.

"Then you have to work harder for your wife and children. After this time, the money you can get will allow you to retire directly!" Feng Yu patted He Zhaoji on the shoulder and said.

"I'm not ready to retire so early, as long as the boss doesn't kick me out, I will work for a few more years." He Zhaoji said with a smile.

"No problem, you guys do a good job, I won't treat any of you badly. The baht in our hands is ready. Once the Thai government adopts a floating exchange rate system, then we will immediately cooperate with Soros to sell it quickly to crack down on people's criticism of the Thai government. ~The government's confidence will hit people's confidence in the Thai baht!"

"It's been prepared a long time ago, just waiting for the news to appear."

They were all watching Xiangjiang's return yesterday, and they didn't sleep very well, and their eyes were still a little red at this time.

The difference between their company and other companies is that other companies use coffee or tea to refresh themselves, while their company uses blue cans of the original force. Not to mention, this drink can really make people less tired after drinking it.

...

"Master General, we can only use this method. If we can't borrow money, the Thai baht will continue to fall. We fixed the exchange rate, and it has already fallen below." Basong suggested.

Since the fixed exchange rate has failed, investing all the borrowed money in it will not help. If they borrowed money in one step, they might still be able to struggle. It's a pity that the money came in slowly, and was once again eaten away by Soros little by little.

Now only by breaking the fixed exchange rate system, adopting a floating exchange rate system, introducing more external funds to buy Thai baht, can it be possible to make the Thai baht more resistant.

This trick is basically digging flesh to mend sores. It looks good on the surface, but it is useless at all.

But this is the last resort of the Thai government. They believe that, gēnjù supply and demand, they bought so many baht, then the baht should be in short supply, while the dollar should be in a situation of oversupply.

In this way, what Soros has to face is not only the Thai government, but the Thai government has also got rid of the constraint of the fixed exchange rate system on economic policy autonomy.

The most important thing is that gēnjù has an agreement with many countries in Southeast Asia. Those countries also keep a lot of baht. If they don't want to lose money, they have to buy enough baht to increase the exchange rate of baht.

Bassong believes that this is a way to forcibly drag other countries into Thailand's chariot. Although it may not be able to pull back the exchange rate of the Thai baht, at least it will not fall again.

If it falls below 30:1, Thailand's inflation will inevitably happen!

"Are you sure this method can prevent the Thai baht from falling?" Chawari was a little puzzled.

"This is the last resort. The floating exchange rate system can spontaneously adjust the balance of payments function and help curb large-scale financial speculation. It is just suitable for our current situation."

What Bassoon said are all theoretical advantages. But at his half-baked level, he couldn't think of the shortcomings of the floating exchange rate system. This will bring greater foreign exchange risks to trade and financial activities. The tendency of inflation in monetary policy will increase and will be exposed. High illusion!

Fortunately, Chawali doesn't understand even more. The newly appointed Minister of Finance understands, but he can't think of any other better way, so he shut up and didn't say anything. He doesn't want to be blamed for freedom.

If this policy succeeds, he will get some credit. And once this policy fails, Bassong must be responsible for it, so he supports it with both hands!

"Well, if the Thai baht continues to fall tomorrow, we will announce that we will adopt a floating exchange rate system, and the government will no longer control it!" Chawari made a difficult decision. Although he doesn't understand finance, he also feels that there will be a lack of supervision and it will be more dangerous.

But the love in Thailand right now...he has no choice!

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