The Rebirth of the Financial Hegemon

Thailand, Prime Minister's Office.

Sonny did not dare to delay. After receiving Chavalit's interview, he immediately reported all the information he had to Chavalit.

Now in Thailand, all major commercial banks are caught in a run on the US dollar.

From the beginning of the day to the end of the day at the bank, people queuing up at the door to exchange dollars stretch all the way to the street.

Sonny knew very well that this was a planned and premeditated squeeze conspiracy.

From the mouth of the captured Ananda, it can be confirmed that someone bribed and instructed Ananda to trigger the run.

Obviously, this run is a vicious attack on the Thai baht by international capital.

But Sonny no longer bothered to solve the problem of the messenger.

Whether you can catch it or not is a matter of opinion. Even if you can catch it, you will probably only catch some small fish and shrimps.

This will do nothing to reverse the current situation in Thailand.

There is no time left in Thailand now.

If the people's panic cannot be calmed as soon as possible, and all the people are trying to run, without any further action from international capital, all banks in Thailand will be paralyzed due to runs.

The Thai baht will also collapse due to a run on the currency.

"General, the current situation is like this. We must calm the people's panic in the shortest possible time. Otherwise, I am afraid that within three days, our U.S. dollar reserves will be exhausted."

Chavalit was shocked. He never thought that the situation in Thailand would be so dangerous.

Chavali said in shock.

"What are you talking about? How come you can't last three days?"

Sonny looked very bitter, as if he had swallowed a bitter melon alive.

Why can't it last three days?

It’s not because it was too waterproof before.

Even though the stock market has plummeted in the past year, the decline in real estate prices has caused a large part of the Thai baht that was over-issued in the past to flow back to the central bank.

But based on the current total circulation of Thai baht,

There are still trillions of baht circulating in the market.

If all that money is going to be exchanged for US dollars in the short term.

Not to mention three days, I'm afraid Thailand can be buried alive in just one hour.

But Sonny couldn't say these words to Chavali.

In the past decade or so, Thailand has had more Prime Ministers than every year.

In each term, there is a backlog of various problems that need to be solved.

As for Chavali, he was a representative figure assigned by the military, and his understanding of the economy was at the level of a layman.

By the time he explains all the problems clearly, the Thai baht may have been hit by a run on the currency and collapsed.

"Why..."

Sonny sighed deeply.

He already felt that his single tree could no longer support himself.

The heavy pressure made it almost difficult for him to breathe.

Now that he has made it very clear about the crisis facing Thailand, Chavalit is still asking various questions in detail to delay time.

It's obvious.

Chavalit didn’t want to take on that responsibility at this time.

Sonny understood why Chavalit did what he did.

After all, Chavalid's tenure was only a few months.

The problems that Thailand is facing now are all problems left over by previous rulers.

Chavali did not want to accept this responsibility, nor did he want to take the blame.

Anyone can think of it.

Once Chavali makes a decision, he will probably not be able to escape that huge responsibility.

By that time, the power of Chavalit's family in the country will inevitably be affected, and the power of the military will also be attacked by political parties.

How long have these damn guys been pushing three resistances?

Sonny had an urge to curse.

But after thinking about his family's arrangements, he didn't curse in the end.

After all, no one’s butt is clean.

Since some things cannot be revealed openly, we can only talk about some obvious issues.

Sonny spoke again after hesitating for a while.

"General. The three days I mentioned are the maximum limit of cash withdrawals. If the run problem cannot be solved in the shortest possible time, I am afraid it will trigger a large-scale outflow of domestic funds. If those multinational investors withdraw their capital at all costs, we will even Might not even make it through this morning.”

"What? Maybe I won't even make it through this morning? What should I do?"

Chavali was frightened this time. He stood up from the sofa and asked.

A hint of sarcasm flashed deep in Sonny's eyes, but it instantly turned into deep sorrow.

The sarcasm was because Sonny knew why Chavali was so nervous.

As for the misery.

For one morning, that was already his very optimistic estimate.

If things really develop as he thinks, Thailand's foreign exchange reserves will be exhausted in just one hour.

Until now, only one international capital company, Jushi Capital, has taken action.

But Jushi Capital alone has spent three billion US dollars worth of baht in the market.

If the situation cannot be stabilized as soon as possible, those international speculators who will always only pursue profits will swarm in like piranhas smelling blood.

By that time, everyone will push down the wall.

Thailand can only die.

In Chavali's shock, Sunny said seriously.

"General, this is my most optimistic estimate and the reason why I came to you. Now you need to come forward to calm the people's panic and stabilize the people's confidence in holding the baht."

"Is it useful?"

"..., I can only answer you, I hope it will be useful!"

Chavali's eyes were uncertain.

After calculating the gains and losses, he spoke.

"Okay, I'll make arrangements right away. I will stabilize the people's panic in the shortest possible time."

"Then I'll take my leave first. The central bank still needs me to be in charge."

"Okay, then I won't send you off. I hope the Buddha can bless us to get through the difficulties this time."

After Sonny left, Chavali immediately picked up the phone and dialed a number.

Soon, the call was connected.

"It's me who will convert our Thai baht into US dollars in the shortest possible time. Don't ask so many questions and just do as I say."

Afterwards, Chavalit made another call after hanging up the phone.

"Let's make some arrangements with the media. I have something important to announce."

...

Hong Kong, top floor of Standard Chartered Bank Building.

Division of Jushi Capital.

George King looked hesitant and puzzled.

"Boss, your decision this time was... a bit hasty.

The current market capitalization of News Corporation, and the value of 15% of its shares, is at most US$1.5 billion.

But that's just the market value.

Now Standard Chartered's IPO schedule has been submitted. If it works well, I believe it will be able to raise funds and go public in two years.

As long as it operates well, Standard Chartered's market value can definitely be several times higher than News Corporation.

We exchanged 1% of Jushi Capital for 15% of News Corporation’s equity.

Isn’t it a bit..."

"A bit too much of a loss? Or a bit too stupid!"

"That, all of them."