The Rebirth of the Financial Hegemon

ASEAN, the Association of Southeast Asian Nations.

Its member countries are Malaysia, Indonesia, Thailand, Philippines, Singapore, Brunei, Vietnam, Myanmar, Laos and Cambodia.

Its predecessor was the Association of Southeast Asia established in Bangkok on July 31, 1961 by Malaya, the Philippines and Thailand.

In the eyes of future generations, it would be difficult for ASEAN to have a sense of existence.

You may think that they are all inferior countries.

These countries combined are probably not as thick as China's arm, let alone arm wrestling with the United States.

With the exception of Singapore, all ASEAN member states are poor.

But that wasn't the case, at least not in the nineties.

The "Four Little Tigers" headed by Thailand and Indonesia were able to keep pace with the Four Little Dragons in Hong Kong and South Korea, which shows their economic status at the time.

With its rapid economic rise, ASEAN has a vague tendency to restrict the United States from controlling the Asian market.

Once ASEAN member states are fully united economically and politically, it is likely to weaken the United States' global influence.

The United States' ability to become the most powerful country is fundamentally dependent on the absolute status of the U.S. dollar.

More than 90% of global trade settlements are in U.S. dollars.

Therefore, whether it is from a political or economic perspective, the United States is not willing to see the membership of ASEAN increase again.

The international circulation value of currency is reflected in a country's comprehensive national strength.

On the other hand, when a country's national power weakens, the value of its currency will weaken.

There is a mutual influence between them.

If ASEAN expands to a certain extent and plays a trick like TECO, Southeast Yuan or something like that, it may cause serious damage to the US dollar.

The United States will never agree to this.

In 1996, ASEAN had eight member states.

In addition, there are four other inspection countries including Laos, Myanmar, Cambodia and Papua New Guinea.

Geographically, Myanmar extends to the northwest of Thailand.

Once Myanmar joins the ASEAN political and economic body, there will be no suspense for Laos and Cambodia to join.

In terms of interests, no country wants to have a huge economy.

Even the United States, the most powerful country, does not want such a huge competitor to appear out of thin air.

We do not want this economic union to threaten the status of the US dollar.

In this case, the United States will definitely disrupt ASEAN’s absorption of Myanmar.

From a non-historical perspective, Zhao Jiangchuan naturally knew the relationship between ASEAN and the subsequent economic crisis.

We also know that ASEAN will not yield to pressure from the United States.

But he knows better what this means for international capital.

Even as a loser, he has to admit one thing.

In this era, with Soros's accumulated experience, if you don't count him, he can already be called the number one capital giant at that time.

This has been verified by the market since Soros led the Quantum Fund to attack the pound.

Whether it is politics or economics, no one can control the chessboard beyond Soros.

If there is anyone who can currently beat Soros, it is probably Robinson of Tiger Management.

But Robinson, a feline, is used to hunting and waiting for opportunities, and he will never put himself in front of the stage.

Soros is different. What he is best at is stimulating the general trend.

When capital reaches a certain level, it is no longer a zero-sum trading game.

It involves political, economic, military and other factors.

To say it is a war is not an exaggeration.

Therefore, financial war and military confrontation are similar in many aspects.

Make decisions, build momentum, and seize the opportunity.

What Soros is best at is to attack his heart first and then his will.

Finally, we will carry out the final siege with the general trend.

At this opportunity point of ASEAN, it is undoubtedly the best time to stir up Southeast Asia.

With the vision of Soros, a contemporary master, it is impossible not to see this.

…

Quantum Fund Headquarters.

After analyzing that the economies of Southeast Asian countries have come to an end, Soros no longer sees any struggle.

His dual personality is completely suppressed by his cold side.

At this time, Soros no longer misses the ruins of his homeland.

His eyes, which were completely inappropriate for his age, were flashing with cold light.

Now he is the financial giant that scares European countries.

Zhao Jiangchuan's Jushi Capital was able to receive the news that ASEAN would absorb Myanmar's membership. With Quantum Fund's years of operation, how could it not receive this news.

Without any hesitation, Soros decisively decided to side with the United States.

In the eyes of this financial giant, the foundation of Southeast Asia is still too shallow, and trying to expand ASEAN's influence to restrict the United States is simply a recipe for death.

The moment ASEAN decided to expand its influence, the economies of Southeast Asian countries were destined to collapse early.

December 6, 1996.

When Soros attended an economic summit in Europe, he strongly criticized the Myanmar government's violation of human rights.

Soros said that the harm of drugs is well known to the world.

Every year, more than 400,000 people die from drug abuse, and more than 10 million families are broken up because of drugs.

However, the Myanmar government refused to bring drug lord Khun Sa to the stand of justice.

This is unfair to drug victims, this is a violation of human rights, and this is an evil act against humanity.

Soros called on people not to invest in Myanmar, which is a hell where the devil lives, and not to travel to Myanmar, which is helping to deliver nutrients to this evil country.

Soros believes that Myanmar's military government refuses to hand over power to the people and is doing everything only for their selfish interests.

Every kyat is stained with the blood of drug addicts.

That is dirty, sinful, disgusting money that should not be kept in the world.

What kind of person is Soros.

He has huge influence in Wall Street investment banks and even the financial world around the world.

A large part of Alan Greenspan's influence is because he is the chairman of the Federal Reserve.

Soros can be compared with Allen in the financial world, but he has gained his reputation step by step.

That is the verification of blood and lessons again and again.

so……

After Soros spoke, the impact was immediate.

The kyat suffered huge selling in the circulation market, and the kyat depreciated by 5% that day.

A person's name, the shadow of a tree.

In Soros's name, just a few words devalued a country's currency by 5%.

Although a big factor in this is the economic sanctions imposed on Myanmar by the United States and the European Union, Soros's influence in the financial world is evident.

ASEAN will absorb Myanmar to join, Europe and the United States will jointly impose economic sanctions on Myanmar, and the kyat will depreciate sharply...

This series of news has attracted the world's attention to Southeast Asia.

The Quantum Fund's goal was achieved, but Soros was also dumbfounded.

When Southeast Asian countries are troubled by ASEAN issues, when the world's political and economic eyes are focused on Myanmar.

The Thai baht suddenly experienced large-scale movements.

December 7th.

As soon as Soros finished his speech in Europe, a large amount of selling suddenly appeared in the Thai baht forward market.

In the spot market, more than one billion US dollars were sold.

Three days later, the Thai baht forward price was hit by funds from 1:23 to 1:26.

Soros has a feeling of confusion, Tiger Fund also has a feeling of confusion, and those international capitals that have not had time to establish short positions all have a feeling of confusion.

The ones who vomited blood the most were Soros and Robinson.

They don't have enough Thai baht on hand, and they don't even have a position to sell in forward contracts.

But the damn baht was directly killed.

The sudden change of the Thai baht has thrown all the funds preparing to attack the Thai baht into chaos.

Everyone knows that Soros’s criticism of Myanmar is not based on alcohol.

These funds are waiting for the Quantum Fund to assemble and sound the clarion call to attack the Thai baht.

But before the Quantum Fund took action, and before they had time to prepare, Thai Baht was killed.

In early tests, international capital has tested the bottom line of the Bank of Thailand.

The price of 25 in the forward market is the most flexible position under the fixed exchange rate of the Thai baht.

Once this position is lost, it means that the Bank of Thailand is no longer able to control the overall situation.

However, now, the Thai baht has been bombarded by funds coming out of nowhere to 1:26.

this……

The baht is screwed.

This is the voice of all international capital.

When the baht fell to 26, experienced foreign exchange traders had this idea almost instinctively.

What to do in this situation?

If it is an ordinary investor who will not have an impact on the market price, this situation must be to wait for a rebound before shorting.

But professional traders are different.

Professional traders have ultra-high market sensitivity and rich trading experience.

They know what it means to go with the flow.

The huge negative line in the Thai baht forward market represents the formation of a short trend.

One negative line penetrated multiple positive lines and swept through all the moving averages below.

The technical break also means that the Bank of Thailand has lost its defense line against the baht.

With this trend, professional traders would of course choose to take advantage of the opportunity and make huge profits by short selling.

then……

In the world's four major foreign exchange futures markets, positions in Thai baht-related contracts began to increase crazily.

In Thailand's spot market, there has been huge selling.

Thailand, Bangkok.

The phones of major commercial banks are ringing constantly, and almost all of them are calls requiring short-term Thai baht lending.

When the operator hangs up one call, he will receive another call.

Borrow Thai Baht.

One week, one week.

Amounts ranging from several million to tens of millions of dollars.

International capital, large and small, has entered the Thai baht market like a bunch of piranhas smelling blood when the Thai baht's long-term technological collapse occurs, hoping to devour enough flesh and blood in the Thai baht's value collapse.

Singapore, financial trading center.

There was a rare doubt in Robinson's tiger-like eyes.

He didn't know why the Thai baht suddenly collapsed.

Logically speaking, with the Bank of Thailand's foreign exchange reserves of more than 30 billion, the Bank of Thailand should be able to withstand attacks from any quarter for a while.

Three Gangs of Men.

Ordinary people will have three or two friends, let alone Thailand, which has a pretty good reputation.

Economically, Thailand and Singapore have always been on good terms.

In Tiger Fund's earlier probing attack on the Thai baht, the Singapore Monetary Authority will help the Bank of Thailand launch a defensive counterattack against the Thai baht.

During those few times, although Tiger Management was not injured, it still left tens of thousands of dollars behind.

But this time, the Thai baht only lasted for one day before being crushed.

Could it be that the Bank of Thailand has always been a foreign power but a domestic power?

Or have our previous experiments almost exhausted the Bank of Thailand’s reserves?

Robinson was a little unsure.

Thailand's apparent foreign exchange reserves are 38 billion.

But this number does not subtract the US dollar assets and external liabilities held by the Bank of Thailand.

If these are subtracted, no one knows how much foreign exchange reserves Thailand has.

Maybe three hundred, maybe two hundred...

After figuring this out, Robinson regretted it.

If he had taken the lead in launching this attack on the Thai baht, he would have made huge profits by now.

But Robinson is very human after all.

He is able to control the world's second largest hedge fund, and at the same time have the world's largest hedge fund hand over the operating rights to him, so he certainly has extraordinary willpower.

Robinson is infinitely bearish on the economies of Southeast Asian countries.

The Thai baht is also a breakthrough he has long confirmed.

Now that there are funds to open up the Thai baht's defense line, it is absolutely right to pursue the victory.

After making up his mind, Robinson's eyes returned to their former coldness.

Without hesitation, he picked up the phone and dialed his assistant's number.

"Robbie, use the national debt in our hands to borrow 4 billion US dollars of Thai baht from major commercial banks... Well, that's right, the sooner the better..."

…

Quantum Fund Headquarters.

Soros already had the same doubts in his dim eyes as Robinson had before.

He couldn't figure out what kind of force could destroy the Thai baht in one day.

The Thai baht has a country behind it. If you add Thailand's allies, it can even be regarded as a country and a half.

In terms of interests, Singapore will definitely try its best to help the Thai baht in every defense.

The Monetary Authority of Singapore is no fool either.

You can guess with your butt that once the Thai baht falls, the Thai baht currency crisis will spread to the entire Southeast Asian countries.

Given the lessons learned from the collapse of the British pound, it is impossible for these people to have thought of this.

But what's going on now?

Could it be that Thailand’s foreign exchange reserves are less than we expected? Are the reserves previously announced by Thailand a smokescreen?

Involuntarily, Soros had the same thoughts as Robinson.

Only this possibility can explain why the Thai baht was smashed under the sudden pressure of funds, which did not even last a day.

The transactions in the spot market cannot be hidden from Soros's eyes.

There is no way to hide the transactions of more than one billion US dollars every day.

In the eyes of people like Soros, he may not care about any news, but the transactions of real money can clearly prove one thing.

This is not a trap, at least, the probability of a trap is not very high.

The deal involving real money was not just talk.

After confirming this, Soros had a complicated feeling of wanting to vomit blood.

Like Tiger Management, Quantum Fund has not established a short position in the Thai baht.

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