God of Rebirth Trader

"George, do you know what it means that the tiger has just stretched out its claws, but the donkey is already panicking?"

New York, inside the offices of the Quantum Fund.

Jones was telling an animal joke mockingly.

"This shows that the donkey has exhausted all the skills of its body, so it will feel restless when facing the tiger."

"There is a Chinese word called "Guizhou donkey has no skills". I think it is very suitable to describe Thailand at this time."

Soros, who lost 300 million US dollars, did not show any frustration on his face, but instead joked about the war in a relaxed and happy manner.

"Thailand prohibits us from borrowing Thai baht, but they never imagined that we still have a huge amount of gold in our hands." Jones sneered.

When Thailand discovered that Soros was maliciously shorting the Thai baht, it immediately ordered major banking institutions to prohibit lending Thai baht to Soros and forced the closure of more than a dozen suspicious financial institutions.

At the same time, he significantly raised interest rates to absorb the Thai baht, hoping to increase Soros's short-selling costs.

However, all this was as expected by Soros.

They have already accumulated a large amount of gold in advance. Once a financial crisis breaks out, gold, a hard currency, will become a safe haven and its price will skyrocket.

June 1997.

Soros ordered to sell off the gold he had hoarded at a high level in order to raise enough funds.

Late June.

International hot money, led by Quantum Fund, once again launched a fatal impact on the Thai baht.

First, there are several bribed news media in Thailand, which have successively released news in the market that is unfavorable to the Thai economy.

Immediately afterwards, international hot money began to sell the Thai baht with all its strength.

As soon as the battle started, the Bank of Thailand's US$30 billion reserves quickly bottomed out, leaving only a pitiful US$2.5 billion.

On June 30, Thai senior officials publicly stated on the news, "The Thai baht will never depreciate, and we will make those speculators lose their money!"

His arrogant speech made Soros and others laugh wildly in the office, and instead they stepped up their efforts to sell short.

Because in their view, the more Thailand lacks something, the more it will bluff to prove itself.

At this time, the crowds of people following the selling trend had already filled the streets of Bangkok.

Looking around, everyone is short except the Bank of Thailand itself.

Two days later, unable to withstand the pressure of the run, the Bank of Thailand was forced to announce that it would abandon the original fixed exchange rate system and implement a floating exchange rate system, and the Thai baht depreciated against the US dollar.

As soon as the news came out.

The Thai baht plummeted 20% that day, with the overall depreciation approaching 40%, hitting a record low!

Subsequently, Bank of Thailand Governor Loncha Malacha announced his resignation.

...

"Awei, the Thai baht collapsed!"

Lin Zejuhuo rushed to Infinite Company in a hurry.

As soon as he entered the office, he saw Chen Weidong drinking coffee calmly, as if everything in the outside world had nothing to do with him.

He doesn't understand.

"Why are you panicking? If you are so restless, how can Brother Cheng trust you to hand over the Yellow River Group to you in the future?" Chen Weidong said in an old-fashioned manner.

"The financial crisis really broke out like you said!" Lin Zeju didn't care at all about Chen Weidong's verbal abuse. Instead, he kept walking around the office, not sure whether he was excited or scared.

The Thai baht depreciated against the US dollar, the exchange rate plummeted, and the financial crisis broke out, causing Thailand's economy to enter a comprehensive depression and its ability to make external payments shrunk by nearly half.

58 financial institutions announced their closure, accounting for more than half of Thailand's financial institutions, and their total deposits accounted for more than 2/3 of the country's total deposits.

Socially, more than tens of thousands of companies went bankrupt at the same time, and the number of unemployed people reached 2.7 million.

Due to the soaring prices, the number of unemployed people has increased sharply, and various problems such as theft and homicide have occurred frequently.

The peaceful Buddhist society in the past was now in chaos, and Prime Minister Chavalit had to resign after taking office less than a year ago.

Even "Srivar", the once leading figure in Thailand's business world with billions of assets, fell into poverty overnight and had to hang a box on his chest every day and sell sandwiches made by his wife on the street to make a living.

A 48-year-old billionaire is living on the streets selling sandwiches, which has become the most inspiring news at the moment.

"It's just expected. Why are you panicking?" Chen Weidong took a sip of coffee and said calmly.

"As expected?"

Lin Zeju's eyes lit up, he stopped, patted his forehead and said, "Yeah, I almost forgot, you predicted in advance that a financial crisis would break out in Thailand, so did you..."

"Hahaha, do you think I won't take action?"

Seeing the other party's funny expression, Chen Weidong finally couldn't hold back his laughter and stood up from his seat.

"How did you do it?!" Lin Zeju rushed over and said with suppressed excitement.

"Of course I followed Soros to short the foreign exchange and stock markets." Chen Weidong sat on the sofa and explained calmly.

The fall in the Thai baht exchange rate also led to a fall in the stock market. Soros and other international short sellers sold the Thai baht on the one hand and made money by shorting the stock market on the other.

In order to make the stock market fall even more and amplify the profits from short selling, Quantum Fund needs to buy a small number of blue chip stocks in the Thai stock market in advance.

Because blue-chip stocks usually have relatively stable value-preserving attributes and the ability to create profits, they are an excellent choice to use to crash the stock market.

As the Bank of Thailand continues to raise interest rates to fight against international speculators such as Soros, the flow of the domestic economy has also been affected.

Because raising interest rates means increasing the cost of corporate financing, it will cause a decline in corporate profits and greatly reduce the enthusiasm for production.

Therefore, this is definitely an act that kills one thousand enemies and damages oneself eight hundred.

Coupled with the fact that external short sellers wantonly spread false news that is detrimental to the stock market, if Quantum Fund takes advantage of the trend and sells, people will follow the trend and sell.

The stock market naturally plummeted.

However, when the mantis stalks the cicada, the oriole stalks behind.

As an "outsider", Chen Weidong predicted the game between the Bank of Thailand and international hot money throughout the process.

So much so that there is no need to pay the cost of selling and spreading news.

You only need to short the Thai stock market and the Thai baht with a full position when international hot money launches an attack, and you can maximize profits.

After being shorted by international hot money, the Thai stock market index is only left with a pitiful 400 points. It is no exaggeration to describe it as a chicken feather.

"Infinity" also successfully completed a victory escape when a large amount of foreign capital was withdrawn.

"How much did you earn this time?" Lin Zeju asked with a trembling voice.

Last time, Chen Weidong made more than 20 billion Hong Kong dollars without making any noise. Even Lin Jiacheng admired him and secretly asked him to learn from Chen Weidong many times.

"It's estimated to be only a few billion dollars. We won't know the details until all the funds are withdrawn." Chen Weidong replied after thinking for a while.

"Hiss~~~"

Lin Zeju took a deep breath of air conditioning.

If this is the case, wouldn’t Chen Weidong’s liquidity reach more than HK$50 billion?

More cash flow than Huanghe Group?!

Financial tycoon?

The youngest business tycoon?