Rebirth of India: Superior

The feast that Shakru wants to attend is the famous "Asian Financial Crisis" in financial history. This financial crisis that swept most countries in Southeast Asia can be said to have had a profound impact on the world economy after the great crisis of the 1930s. Another major event, this financial crisis caused Many countries in Southeast Asia are experiencing economic depression, social unrest, lowering living standards, declining trust in the government, and a decade-long decline in the overall economic level. Financial giants like Soros have taken advantage of this opportunity to make a fortune. Among them, just attacking the Thai baht, Let Soros's Quantum Fund profit $6 billion.

Therefore, Shakru naturally did not want to miss such an opportunity to make a fortune, so he used the Ganges Pharmaceutical Factory as a mortgage again according to the previous method in Mexico. At the same time, he also used the Thai Pharmaceutical Factory to obtain a large amount of loans from the Central Bank of Thailand in the form of forward cooperation. The Thai baht is then sold on the international foreign exchange market in exchange for US dollars.

It may be that the amount Shakru used this time was too large (a loan worth 50 million US dollars in Thai baht), so during his sell-off process he attracted the attention of Quantum Fund, which was also interested in Thai baht.

Not long after Shakru's sell-off, Soros went to India to visit him. Shakru had admired this financial master from his previous life, so he warmly received him. Naturally, Soros came to him this time for the Thai baht matter, so when they were drinking tea together in the evening, Soros first raised this issue: "Mr. Pandit, you seem to be very active in the foreign exchange market recently. Are you also optimistic about the recent trend of the Thai baht?”

Shakru shook his head and said: "It's more bearish than bullish. I think the Thai baht will definitely fall sharply either this year or next year."

Soros nodded and said: "I have always admired Mr. Pandit's vision in this regard. Whether it was shorting the Japanese yen when he was just starting out or sniping at the Mexican peso last year, you have shown your extraordinary vision. But I I still want to ask, why do you think the Thai baht will definitely fall?”

Although Soros was asking him, Shakru knew very well that this old man had much more vision and preparation in this regard than himself, so this was not a request for advice at all, but more similar to a school exam, so he organized After thinking for a while, he slowly said: "There are actually many reasons, but I think the unreasonable foreign exchange system and the unreasonable foreign debt structure are the most fundamental reasons.

Maintaining a high economic growth rate is the common aspiration of developing countries. When the conditions for rapid growth become insufficient, in order to continue to maintain the pace, these countries turn to borrowing foreign debt to maintain economic growth. In the case of large medium-term and short-term debts, once the outflow of foreign capital exceeds the inflow of foreign capital, and the country's foreign exchange reserves are not enough to make up for the shortfall, the country's currency depreciation is inevitable.

On the other hand, it is a policy issue. In order to encourage consumption, the Thai government has done two very confusing things. One is to allow foreigners to freely borrow Thai baht, and the other is to allow Thai banks and foreign banks to absorb US dollar deposits from foreign countries into Thailand. Consumption has led to Thailand's capital account being completely open, and foreign capital can freely enter the property market and stock market. Under such circumstances, if international speculators do not enter the market, they will be extremely incompetent! "

Soros laughed loudly and said: "Mr. Pandit, you are right. In fact, many times, it is not us speculators who destroy the economy of a certain country or region, but fundamentally their economy will collapse sooner or later. We are just pushing him to make him develop faster.

Many people say that I am unethical in what I do, but in terms of financial operations, we cannot say whether I am ethical or unethical. It is just an operation. The financial market does not fall into the category of morality. It is not immoral. Morality does not exist here at all, because it has its own rules of the game. I am a participant in the financial markets, and I play the game according to the rules that have been set. I will not break those rules, so I don't feel guilty or responsible.

As far as the pound sterling was concerned in 1992, whether I speculated or not had no effect on the occurrence of financial events. If I don't hype it, it will still happen. I don’t think there is anything immoral about speculating in foreign currencies. On the other hand I follow the rules of operation. I respect those rules and care about those rules. As a person who has morals and cares about them, I want to ensure that these rules are conducive to building a good society, so I advocate changing certain rules. I think some rules need to be improved. If improvements and improvements affect my own interests, I will still support it, because the rule that needs to be improved may be the reason for the incident. ” (This is Soros’s original words)

Shakru applauded after hearing this: "Your words are a classic explanation of financial operations, enough to make it a motto for us younger generations."

"Since Mr. Pandit, you are also so interested in financial operations, do you want to join the Quantum Fund?" Soros invited. He came to India this time to see Shakru's selling of Thai baht in the foreign exchange market. The reason is to see if it will affect his next plan; on the other hand, he is eager to recruit Shakru into the Quantum Fund.

Shakru shook his head and said: "Thank you for your appreciation, but although I am somewhat interested in financial operations, I always feel that this kind of thing can only be done occasionally, and business should be based on industry."

"If this is done occasionally, does Mr. Pandit have any plans to continue to absorb Thai baht in the future?" Seeing that the recruitment failed, Soros asked another question instead.

Shakru naturally understood why Soros asked this question, so he answered very confidently: "This will definitely not happen. Although I am very sure that the Thai baht will depreciate, I still have to leave myself a way out. Moreover, this 50 million US dollars of Thai baht is already the upper limit of my appetite. I can't eat more, so it depends on you to show your skills next!"

So Shakru then saw Soros's specific operation methods. First, he bought a large amount of gold because gold has the function of financial hedging. Once the financial crisis breaks out, the price of gold will skyrocket, which is convenient for him to raise funds at a critical moment. Then, he bought a small amount of blue-chip stocks with good performance. This is because blue-chip stocks have the ability to maintain value and create profits stably, which is convenient for smashing the market in the stock market.

ps: This chapter is dedicated to the new hall master "Crazy Prince"!

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