The Rebirth of the Financial Hegemon

Loss is inevitable in the market.

No one can guarantee that their investment direction will be correct.

JP Morgan can't, Livermore can't, Robinson can't, and Soros can't.

Of course, neither can Stanley Druckenmiller.

According to the previous comprehensive analysis by the Quantum Fund team, the Thai baht should not be able to sustain its depreciation.

But in fact, the Thai baht not only did not depreciate as analyzed, but instead narrowed the room for decline.

One is the team’s long-term tracking analysis, and the other is the results given by the market.

Two completely different directions.

It is these two completely different directions that make Druckenmiller very entangled.

The market has two directions.

Either up or down.

Very simple.

But this is simple, just like the two poles of yin and yang.

It seems simple, but it's so complicated that people can't see it clearly.

It's so simple that people can't know whether they are right or wrong.

The combined judgment told Druckenmiller that his analysis was correct.

But the market is telling him that he is wrong.

If correct, Quantum Fund's position should not be in the red.

Druckenmiller frowned deeply.

He rubbed his brows with his hands and continued to deduce every aspect of the strategy in his mind.

The attack on the Thai baht is because the Thai baht is the weakest link in the Southeast Asian monetary system.

Thailand’s financial market is very free.

When almost unrestricted capital flows attract powerful circulating capital, it is also equivalent to a completely undefended city.

To some extent,

Thailand is imitating the economic development trajectory of the United States.

There is nothing wrong with this one.

It can be said that the United States' economic status in the world is largely driven by its highly prosperous financial industry.

A hundred years ago, the United States' position in the world could only be described as average.

However, with the rapid development of the financial industry, the economic strength of the United States has made a qualitative leap.

The financial industry is like the most beautiful magic trick in the world.

Relying on the most advanced financial means, the United States defeated the Soviet Union, which was unmatched militarily.

The ruble collapsed across the board and the Soviet Union collapsed.

The United States became the global hegemon.

The biggest feature of the U.S. financial market is its high degree of freedom.

Capital from any country can flow freely in the U.S. financial market.

What it brings about is a flood of global capital flowing to the United States.

Thailand understands this very accurately.

After Thailand fully liberalized its financial market, global capital also rapidly flowed into Thailand, promoting Thailand's economic development.

Thailand has emerged as a leader in Asia's miracle.

However, when Thailand followed the United States in developing a highly liberalized financial market, it neglected its own strength.

It's like a small barrel that wants to hold water from the river.

That's going to blow up.

This is also the logic behind Druckenmiller's bearish view on the Thai baht.

When the river bursts its banks, all the water in the small barrel must be swept away.

With Thailand's strength, it is simply impossible to block the river embankments like the United States.

The political landscape of ASEAN, the expansion of the Thai baht's circulation volume, the bad debt ratio of banks after the collapse of Thailand's real estate industry, and the impact of the strengthening US economy on emerging market countries...

Druckenmiller frowned and reviewed everything again.

Druckenmiller already knew these things.

But no matter how he reviewed it, he still couldn't find the logic that the Thai baht could still hold on.

The one who took over the Thai baht sales was BOT, and the one who opened the Thai baht's elastic range was Jushi Capital...

Boulder Capital?

Druckenmiller suddenly froze.

He found that Quantum Fund’s previous analysis seemed to have overlooked something.

In the early strategic plans for the Thai Baht, the existence of Jushi Capital was not considered at all.

At that time, they all agreed that it was impossible to have the funds to take over the Thai Baht except BOT.

However, now, after Jushi Capital broke through the elastic range of the Thai baht, it backhand slashed the short sellers who followed closely behind.

Damn Boulder Capital.

Druckenmiller finally understood why he had been so uneasy.

Jushi Capital collapsed inexplicably outside his plan.

If it is an ordinary small fund, it will not be enough to have any impact in a duel of this level.

Jushi Capital is different.

The acquisition of Standard Chartered means that more than one billion US dollars can be transferred from Standard Chartered Jushi Capital alone.

It's not terrible.

The really scary thing is that no one knows how powerful Jushi Capital is.

The unknown is always scary.

Not being able to see clearly the true face of the enemy will always make people subconsciously nervous.

Druckenmiller's pupils shrank together as he discovered the blind spot in his plan.

One thing Druckenmiller is sure of.

Jushi Capital dares to participate in this level of competition, and dares to kill opponents and teammates in the long and short camp.

The strength is definitely extraordinary.

And people who can control such a large amount of money are never fools.

Compare your heart to your heart and judge others by yourself.

Druckenmiller began to put himself in the position of Jushi Capital to deduce.

Then......

He was startled and broke into a cold sweat.

"Robbie, Robbie, clear our positions immediately, quickly..."

After Druckenmiller figured something out, he immediately picked up the phone and called his assistant.

His strong instinct told him that something was going to happen.

That is Drucken's innate intuition, which can also be said to be an instinct he has honed in his long-term market competition.

This instinct, which has no scientific basis, has appeared countless times in Druckenmiller's career.

But never as intensely as this time.

His intuition told him that there was a pit ahead.

A huge deep pit like a sinkhole.

But unfortunately, Druckenmiller's reaction was still slow.

Thailand, Bangkok.

A Thai man wearing a police uniform walked into the Bangkok branch of Standard Chartered with a dozen police officers.

Soon, Li Yunsheng, the head of Standard Chartered in Bangkok, walked out quickly.

Not too much politeness.

After a brief negotiation, the Bangkok police revealed their intentions.

Therefore, Li Yunsheng was in a dilemma.

If the Bangkok police want something, they cannot give it away easily.

Li Yunsheng frowned.

"Superintendent Nitiwa, customer information is the top secret of our bank. I think it will be difficult for me to fulfill your request."

"Mr. Li, I think you also know the situation that Thailand is currently facing, so I hope you can cooperate with our work, just a few customer information on forward foreign exchange contracts. I don't think it will cause any loss to your bank."

"I'm sorry, I really can't give you this. This is related to the reputation of our bank. I'm really sorry."

"Mr. Li, I admire your professional ethics, but your refusal makes me very embarrassed."

Li Yunsheng stayed in Thailand for five years.

Over the past five years, he has become very aware of the nature of the Thai military and police.

When Nitiwa looked embarrassed, he winked at Nitiwa.

Then, the two of them walked quietly to a deserted corner.

Li Yunsheng took out his wallet and took out a dozen US dollars with a face value of one hundred and handed them to Nitiwa.

"You've had a hard time leading the brothers out on the mission. You're welcome. Just treat it like I'm inviting you to tea."

Nitiva didn't show any surprise. He showed his yellow teeth and took the dozen dollars without any courtesy.

Then, the two pretended to be brothers and chatted with each other for a few words before they got to the main topic.

"Li, I can't help you this time. The higher-ups have given orders that we must get the customer information in your hands that holds forward foreign exchange contracts. Otherwise, I won't be able to deliver the goods when I go back."

"Is that all?"

"It's up to you."

"..."

Li Yunsheng was silent for a moment, then took out his wallet again and took out all the US dollars inside.

After handing the money to Nitiwa, he said.

"Wait for me a few minutes."

"Okay, I'll wait for you in the lobby downstairs."

A few minutes later, Li Yunsheng handed a printed A4 paper to Nitiwa.

When the two looked at each other, they smiled knowingly.

"Collect the team."

Nitiva left.

Li Yunsheng didn't waste any time and immediately jogged back to the office.

After locking the door, he picked up the encrypted satellite phone in the safe and dialed a number.

Soon, the call was connected.

"...Yes, the Bangkok police just brought people over and took away the customer information on the forward foreign exchange. Well, I understand...Yes, I understand."