The Rebirth of the Financial Hegemon

London foreign exchange forwards market.

The U.S. dollar to Thai baht contract suddenly surged.

In just one minute, 25.982 rose to 25.418.

It is different from the foreign exchange spot market.

Standardized contracts in the forward foreign exchange market vary from country to country.

But there is often a minimum leverage ratio of more than 20 times.

In order to maximize profits, some traders will increase the leverage under the leverage.

This leverage may even reach hundreds of times.

The leverage in the Russian market is the highest, reaching a leverage ratio of two thousand times.

The US dollar-thai baht contract rose by more than 500 points, putting some highly leveraged trading accounts at risk of liquidation.

on the disk.

A line that passes through the clouds forms an almost ninety-degree right-angle rising shape.

The crazily rising prices were like a stick hitting short traders on the head.

Almost at the same time, in all contracts related to the Thai baht in all financial markets around the world, the Thai baht showed an upward trend of almost 90 degrees.

New York market, Chicago market, Singapore market...

.389......

The price of the Thai Baht continues to rise in a vertical upward line.

Market Trading Department, Bank of Thailand, Bangkok.

There were dense beads of sweat on the president's forehead, Sonny.

His face turned red, and his hands were clasped tightly together at some point.

Sonny couldn't help but feel nervous.

The Broken Ax Project is related to Thailand’s future national destiny for a hundred years and the future life of tens of millions of Thai people.

With such a burden on his body, how could Sonny not be nervous?

"Ring ring ring..."

"25.385 buys three million US dollars in Thai baht..."

"Hey, help me buy one thousand and five dollars in Thai baht, the price is 25.377..."

Under Sunny's command, traders continued to pick up the phone and place orders in major spot trading markets around the world.

"Crackling..."

The sound of keyboard tapping was as dense as raindrops.

That's when traders use computers to operate the market.

Fifty million, one hundred million, two hundred million,...one billion...

Hong Kong, Singapore, New York, London, Chicago...

A large amount of funds poured in to buy Thai baht in the first-round trading markets of major financial centers around the world.

Sonny's heart was beating wildly.

The rapidly shrinking dollar reserves made him nervous.

He first loosened the tie around his neck, then raised his hand to wipe the sweat from his forehead.

Buddha bless.

Bless us with success!

When there is offense, there is defense, and when there is buying, there is selling.

When Sonny personally directs the market trading department of the Bank of Thailand to operate, the funds bearish on the Thai baht will not be idle either.

New York trading market.

Stanley Druckenmiller is also directing the trading department to suppress the Thai baht's counterattack.

For Thai Baht. Druckenmiller has always had a thorn in his side.

In 1995, he lost as much as US$70 million in Thai baht.

That time was one of Druckenmiller's rare defeats since his debut.

As a star fund manager within Quantum Fund, Druckenmiller's biggest wish is to be as undefeated as Soros.

But on the Thai baht, he was beaten hard.

Although Soros did not punish him for his losses at that time, he even encouraged him to keep up his efforts in the future.

But for Druckenmiller, who was still very young, it was undoubtedly a huge shame.

He had long made a vow in his heart that he would regain the lost ground from the Thai baht.

This time, the opportunity finally came.

"25.495 sold for 30 million..."

"25.515, sold 20 million..."

"Billy, add a thirty million short position in the New York forward market..."

"...."

One hundred million, five hundred million, eight hundred million...

Under Druckenmiller's judgment, under the joint research of the Quantum Fund team, and during exchanges within the industry.

Everyone has always believed that the depreciation of the Thai baht is unstoppable.

Something is fundamentally wrong with Thailand's economy.

With the decline in export revenue, the over-issuance of the Thai baht and the outflow of capital, no one can stop the depreciation trend of the Thai baht.

This is the general trend.

But Drucken found that his calculation seemed to be wrong.

Quantum Fund has dumped $1 billion worth of baht in the market.

In Druckenmiller's prediction, such a large amount is enough to be the last straw for the Bank of Thailand.

Yet the baht has not collapsed.

25.515......379......

The Thai Baht's upward attack only made a short dip before attacking upward again.

That strong posture was as fierce as taking an aphrodisiac.

Druckenmiller.

Within Quantum Fund, he is the first person after Soros.

In some ways, Druckenmiller is even more talented than Soros.

This is why Soros took the initiative to leave the Quantum Fund when he had a dispute with Druckenmiller.

In the game of capital, Stanley Druckenmiller has an intuition that even Soros can only give in to.

A billion dollars was spent.

Not only did they fail to break through the city that the Thai Baht had completely lost, but the Thai Baht regained some of their lost ground.

Druckenmiller keenly sensed something was wrong.

According to Druckenmiller's previous inference, the Thai baht will definitely collapse completely under the attack of major funds.

But it turns out that the Thai baht not only did not collapse, but actually recovered some of its lost ground.

This makes absolutely no sense and should never be the case.

If you are an ordinary person, when faced with the truth and what should never be done, nine out of ten will stick to the truth.

It makes the most sense.

But Druckenmiller was no ordinary person after all.

He is the second-largest person in Quantum Fund who can be compared with Soros. He is a global star fund manager.

Druckenmiller knows.

After all, man is not an omnipotent God.

You can infer, you can predict, you can trust your own judgment.

But in the end, only the market is right.

Since the current market does not conform to his judgment, it means that his judgment may be wrong.

Upon realizing this, Druckenmiller immediately stopped suppressing the baht.

Without figuring out what was going on, he couldn't stubbornly just trust his own judgment.

Logically speaking, BOT's funds have almost bottomed out. How come there is such a large amount of funds to accept the sales of Thai Baht now.

Could it be Singapore that took action, or the Hong Kong Monetary Authority?

In 1995, Druckenmiller secretly established a billion-dollar short position on the Thai baht, but ultimately suffered a disastrous failure.

That time, he and other short allies were wiped out by the Bank of Thailand, the Monetary Authority of Singapore and the Monetary Authority of Hong Kong.

"Billy, check where the place is accepting sales orders for Thai baht. I feel something is not right."

With the power of Quantum Fund, there is almost nothing that cannot be found in the financial market.

What's more, nearly a hundred dollars worth of Thai baht was traded on the market.

It's okay for small funds, but big funds can't hide their traces at all.

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