Chapter 931 Volunteering to Take the Blame

"Boss, the Thai baht has dropped another 5 percent today." Ho Siu-Kee reported.

Feng Yu was a little confused, what time is it, why did the baht fall so much again? Soros' main funds are obviously still in the Singapore dollar market.

"What kind of funds have entered the market?" Feng Yu asked.

He Zhaoji looked around, as if the news could not be heard by others, but he and Feng Yu were obviously the only ones in the office.

"Boss, it seems that the funds from the Fu family have joined. Fu Rongqi led a large amount of funds to short-sell the Thai baht. The fall of the Thai baht is inevitable." He Zhaoji said in a low voice.

Has the Fu family made a move? So fast? And Fu Rongqi made a move, Feng Yu didn't know.

Of course, Fu Rongqi's move is also good for Feng Yu and the others. More funds short-sell the Thai baht. The downward trend of the Thai baht that has just slowed down will inevitably rise again. Feng Yu can deliver this part of the contract as soon as possible, and then focus on the currency markets of the Philippines and other countries.

What worries Feng Yu the most is that once Fu Rongqi focuses on foreign exchange markets in other countries, he will relax his focus on the Xiangjiang market, which is very dangerous.

When attacking Thai Baht, Feng Yu had invited Fu Rongqi, but Fu Rongqi refused. Now that Fu Rongqi took the initiative to join, this is no problem, but at least he should say hello to Feng Yu, right?

Feng Yu was thinking whether to call Fu Rongqi when the phone on the desk rang.

"Nephew Feng, have you seen the change in the exchange rate of the Thai baht?" Fu Rongqi's proud voice came from the phone.

"Uncle Fu made the move, right? With such a big fluctuation, you spent a lot of money, right?"

"Hahaha, it's not too much. I called you just to tell you that I decided to make a fortune with you in this investment. That old guy Li Ren doesn't plan to join, so he is mainly responsible for guarding Xiangjiang. Looking back on some business cooperation, we will let him go. Professor Liang will help pay attention to Xiangjiang's financial industry. With them, there is no need to worry too much."

Feng Yu understood, it turned out that Fu Rongqi had considered all these things, didn't he just let Li Ren and the others take a step forward in the business cooperation later, this is very reasonable.

"Then Uncle Fu, what are you planning to attack next?"

"It's definitely not the Singapore dollar, hahaha, I'm not old enough to understand this. Are you going to attack Indonesia or the Philippines next? Or Malaysia?"

Feng Yu sighed secretly, an old man like Fu Rongqi would not be confused by some superficial situations.

"It should be the Philippines or Malaysia, and Indonesia may be later."

"Okay, I see, our funds are combined, so we can be bolder." Fu Rongqi hinted.

The more funds, the better the effect. What Fu Rongqi means is that less reverse hedging can be done and more short selling orders can be placed.

In this way, they can earn more. The power gap between 10 billion US dollars and 20 billion US dollars is not simply doubled.

"Uncle Fu, I suggest that you stay in the dark, this time you will definitely provoke public outrage. We cannot take the blame for this." Feng Yu hinted.

"Hahaha, of course, we are following the trend. It belongs to normal financial investment. It is Quantum Fund that really does bad things. They are financial speculation!"

Nima, this kind of old guy is shameless, Feng Yu can't stand it. Feng Yu wanted to push it out, and it would be best if no one noticed. Fu Rongqi simply wanted to pin the hat on Quantum Fund.

You are investing, others are speculating? In fact, everyone is just speculating. Investment should not harm the interests of others. Look at how the Thai economy has collapsed!

How long has it been? In Thailand, more than a dozen large factories have closed down. There is no way. Many factory bosses also speculated in stocks, and then they were trapped.

No one expected before that the prosperous stock market would collapse so quickly, from a high of more than 1,300 points to more than 600 points now, a drop of more than half.

And this is not over yet, the stock index is still falling,

Basically, few stocks are rising, and it seems that all of them are falling.

The boss has no money, and the wages of the workers have even been embezzled for stock trading. The wages cannot be paid, and the property of the workers is locked up in stocks and real estate. They always need money to eat.

So the worker sued the boss, who had no choice but to take the last resort and ran away with the money.

Factories continued to go bankrupt, Thailand's economy collapsed faster, and the stock market was even less likely to rise.

When a certain pillar industry collapses, the economy cannot be saved. Thailand has no money, cannot borrow money, and owes a lot of money. There is not even a country that can give them a hand.

Huaxia agreed to help, and as a result, it assisted one billion U.S. dollars. Huaxia's reason is very simple. Our country is poor, and our economy is not as good as your Thailand's. Look at our per capita income, which is one tenth of your Thailand's. Besides, we donate the one billion dollars in aid, which is already our greatest ability.

What, you want to borrow money? The landlord’s family has no food left. We poor families have no money. Don't worry, we have appealed to the International Monetary Fund for you, if you persist, someone will come to help you.

So Thailand is now broken, their economy has suffered a severe setback, and even the Southeast Asian countries that work closely with them have been severely affected.

Originally they thought it would be good to lose so much, at least they kept the real estate, the real estate did not fall, and they still had some financial savings.

But now a large amount of money has emerged from nowhere and continues to suppress the Thai baht. This must be the return of the Quantum Fund. How can others have so much money?

The SGD did not suppress it, but turned around and attacked our Thai baht. This is when we are bullied by Thailand!

Well, Thailand is so easy to bully now, at least those who speculate in foreign exchange believe that the continued decline of the Thai baht is inevitable, but there will definitely be some fluctuations. As long as you do hedging and firmly believe that the Thai baht will fall, you will definitely be able to make money!

At present, there are more and more funds speculating on Thai baht in the world, and the floating exchange rate system cannot save the decline of Thai baht.

At this time, Basong made an appeal on behalf of Thailand: "Soros and Quantum Fund are cunning, vile, and ugly financial speculators. They use attacks on other countries' economies for their own profit. Such people should be cast aside by the whole world!"

Soros still doesn't know what's going on. When I attacked your Thai baht, you said that you would make me lose everything. Now that I have moved to other countries' markets, what do you mean by attacking me again?

Soros took a look, hey, the baht fell again, faster than he expected. What's going on, could it be that another financial predator has made a move?

Soros understood at this time that he was being blamed. But he didn't even know who was responsible for the scapegoat, that's too wronged!

However, Soros is not afraid of Thailand. He asked his brokers to announce on some financial news that they are normal investments and legal, and he said at the beginning that Thailand must lose. Facts have proved that he is right!

Feng Yu was a little curious. Soros stood up and took the blame. What is he going to do?

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