The Rebirth of the Financial Hegemon

The price of the Thai baht has once again returned to the flexible range of the Bank of Thailand, which means that the international capital's attack on the Thai baht has failed.

In the forward foreign exchange market, a large number of short sellers were wiped out.

Due to the stop-loss liquidation of super giants such as Tiger Fund and Quantum Fund, the price of the Thai baht has experienced a short-selling and short-selling market.

In the swarm of short positions, large-scale short sellers were strangled by short sellers.

Whether it is an individual or a small fund.

No one can withstand the crazy stampede of his teammates.

Some were forced to close their positions by the exchange; others saw that the general trend was over and had no choice but to stop their losses.

The Thai baht has risen by as much as 3,000 points, and not many funds can bear such a large loss.

In the spot market, the central baht price has also returned to the control of the Bank of Thailand.

With the high offshore lending rate of 1,200%, no one can afford such high transaction costs.

The channels for Thai baht borrowing are restricted. If there is no absolute certainty, no one will dare to borrow Thai baht to suppress the price.

In this round of siege against short sellers, the Bank of Thailand was victorious.

Bangkok, Bank of Thailand.

Governor Sonny was on the phone expressing his gratitude to all major allies.

"Thank you all. Without your dedicated efforts, it would be difficult for Thailand to resist the devouring of those jackals this time. Thailand allows me to express my sincere gratitude to you!..."

Sonny's tone was sincere. He stood in front of the video phone and bowed deeply to his allies online.

Sonny bowed sincerely.

Although we spent more than one billion US dollars this time, we finally repelled the attack of those piranhas.

As long as we can delay for a while and wait for ASEAN to grow, Thailand will be able to steadily maintain economic growth in the future given Thailand's status within ASEAN.

So Sonny's face was full of smiles.

And in his heart, there was a rare sense of ease.

Finally I can rest peacefully.

After hanging up the phone, Sonny picked up the phone on his desk with a smile.

"Beep..." After two beeps.

"Kuan, I'm Sonny. Let's have a good celebration tonight."

"..."

...

"In the forward market, our cumulative position losses have reached 350 million U.S. dollars. Adding the cost of the spot market, the total loss is expected to be 480 million U.S. dollars..."

New York, Wall Street.

Inside the Quantum Fund headquarters.

Stanley Druckenmiller leaned tiredly on his office chair and listened to his assistant's report on the work situation.

Like most short sellers, Quantum Fund also chose to stop losses and exit.

There was nothing Druckenmiller could do.

With the current strength of the Thai baht, it is difficult to continue to attack.

Keep putting it off is not an option.

Customers don't want their funds to be wasted there.

Now, the only way to minimize losses is to temporarily avoid the sharp edge of the Thai baht.

Time waits for no one.

If only I had a few more months.

"Currently, the position in the forward market has been reduced to US$100 million, and it is expected that all positions will be settled this week. In the spot market, 60% of the position has also been settled..."

"Well, I understand, please go out, I want to be quiet."

Robbie glanced at his immediate boss worriedly. In more than ten years of following Druckenmiller, this was the first time he had seen his boss so tired.

But Robbie knew it too.

Plus this time, Druckenmiller has failed for the second time in the Thai market.

As a money manager, the blow caused by two misses is simply incomprehensible to outsiders.

That feeling of failure is a destruction of faith.

It's so serious that the whole world will collapse.

Countless speculators around the world commit suicide every year because of failure. Many outsiders feel that they are unable to face the feeling of heaven falling into hell caused by losses.

But Robbie knew.

In fact, losses only account for part of the reason.

It is more caused by the collapse of one's beliefs and the world.

No one can trust this business.

No one but God knows what the market will ultimately turn out to be.

The only way to win is to trust your own feelings and judgment.

This is the only path to success.

Only with absolute self-confidence can we perfectly execute our strategic plans time and time again.

However, absolute self-confidence will always turn into absolute arrogance without realizing it.

Once there are continuous failures, people's faith will be defeated by failure.

It can range from a failure to recovery, to the end of life.

Now, Druckenmiller has failed twice in a row on the Thai baht. I am afraid only Druckenmiller himself knows the magnitude of the blow.

"Bang bang..." There was a knock on the door.

Not long after Robbie left the house, there was a knock on the door of Druckenmiller's office.

Then, a most familiar voice came from outside.

"Stanley, can I come in?"

"Oh, of course!"

The person who walked through the door was the soul of Quantum Fund.

George Soros.

In many parts of the world, George Soros is regarded as the embodiment of the devil.

Because of him, more than millions of families were torn apart, and because of the financial crisis he brought about, tens of thousands of people died.

But it is hard to imagine that such a person would knock on the door and ask questions when he walked into his subordinate's office.

In the office.

Druckenmiller quickly stood up from his office chair.

There was a hint of respect on his face.

Soros is both his partner and his boss.

It was his second mentor again.

Many of his investment philosophy and concepts are based on the philosophy of life taught to him by Soros.

Although in terms of intuition, Druckenmiller is far superior to Soros.

But how could Druckenmiller take the kindness of preaching and leading the way lightly?

And Soros has never let Druckenmiller down.

Soros himself even left the Quantum Fund in order to allow Druckenmiller to perform better.

There are not many people in the world who can achieve this kind of trust.

The feeling of being both a teacher and a friend has always made the relationship between the two very close.

After Soros came in, he got straight to the point.

"Stanley, you look so bad, is it because you are unwilling and regretful?"

"George, you understand. I'm really sorry..."

"Are you sorry? No, no, no, Stanley, you don't need to apologize. You have done a good job. If it were me, I would make the same choice as you."

"But....."

"Stanley, people are bound to experience countless setbacks and failures in their lives. In Chinese words, failure is the mother of success. This is really nothing, maybe it is a good thing, so you really don't have to worry about it. responsibility."

"George, thank you, but I still can't figure out why it failed this time."

"Stanley, I was the same as you before. According to our judgment, the Thai Baht will inevitably lose. But now I understand why."