The Rebirth of the Financial Hegemon

Bangkok, Bank of Thailand.

Vice President Kuan walked into the president's office dejectedly.

Just as Sonny expected.

No matter what attitude Kuan took to negotiate with other multinational commercial banks, he did not get the answer he wanted.

Even if he begged the domestic multinational banks in an almost begging manner, it was still of no use.

Without money, you cannot build a defensive line.

With the amount of reserves remaining in the Bank of Thailand, it may be difficult to survive without a miracle.

When Kuan walked in, Sonny had already guessed the outcome.

But he still asked.

"Kuan, how's it going?"

"Sonny, you are right. Now, no one is willing to help us. Except for Standard Chartered Bank, which agreed to our request, all other banks rejected our request."

Standard Chartered Bank agreed to the loan request? How can this be.

Sonny quickly leaned half of his body from the chair, he was shocked.

"You said Standard Chartered Bank agreed to our lending request?"

"Yes, but Standard Chartered said that such a large-scale capital mobilization, in addition to submitting a report to the board of directors, also requires some time to prepare. It may take a few days to give us a specific answer."

“Isn’t Standard Chartered Bank already acquired by Jushi Capital? How could it agree to lend us money?”

"I'm not sure. But Standard Chartered is willing to lend us US dollars at this time. At least it's not a bad thing."

It's really not a bad thing.

If you have money, you can solve many problems.

"But can we wait until then..."

Sonny thought with a wry smile.

"Ring ring ring..."

The red phone on the table rang again.

The color red is so disgusting and the ringtone is so upsetting.

Sonny didn't need to answer the phone to know that there must be some bad news.

Domestic capital is flowing out on a large scale, and international capital is still eyeing the market.

Internal and external troubles!

"President, we have just received several large-scale exchanges, with a total value of US$250 million."

"Did you find out where you came from?"

"It's several financial companies."

"Is it still the same family?"

"No, it's other financial companies. But I suspect they may all be handbags, because these financial companies were all established in March last year."

"Okay, I get it. Trace the source of their funds..."

"..."

Jushi Asset Management Trading Department.

Robert was shouting like a dancing master.

He took off his shirt and held it in his hand, waving it around.

That crazy look, just like a madman.

"Gentlemen, show off your masturbation hand speed, lots and lots of dollars are waving at us."

"Oh. Zhang, I think you can work faster, right? If you can work faster, I will ask the boss to add $50,000 to your year-end bonus."

"Oh my God, my Li. You didn't eat in the morning, right? Why is your hand speed suddenly so slow?"

"Gentlemen, the year-end bonus of the Singapore Trading Department has been announced. Each person has one million. If you want to exceed their year-end bonus, please work hard for me quickly."

"Fuck these lowly Thai guys to death."

"Money, women. They're all waiting for you, let's have a good time!"

"...".

Robert is simply an apostle of the devil.

He was shirtless and waving the clothes in his hands wildly.

Use the most primitive desires in the world to stimulate everyone present.

In that way, he is just a demon flag-bearer waving the flag and shouting.

"Crackling...".

Robert's words seemed to have a bewitching quality that could drive people crazy.

Under his instigation, the traders' hands were tapping wildly on the keyboard like flying butterflies.

The sound of intensive keyboard typing is no less than the sound of raindrops hitting the roof.

At that tapping speed that is invisible to the naked eye,

Large amounts of positions were reported to the market host.

"268.16 points, buy flat. Three hundred lots."

"268.17 points, sell open, 300 lots."

"268.15 points, buy flat. Five hundred lots."

"..."

"267.39 points, sell open, 500 lots."

"267.38 points. Buy flat. Six hundred lots."

"...".

In order to defend the Thai baht, the Bank of Thailand raised the base interest rate for Thai baht deposits and loans to 14%.

Under this super bad situation, everyone knows that the stock market and real estate have become objects abandoned by the government.

Almost all the funds that understood it were selling the stocks in their hands.

People who can short the stock index are also short-selling the SET50 and SET100 indexes indefinitely.

All in all, Jushi Asset Management’s shipments went very smoothly.

Not only did the price not rise due to large-scale liquidation, but I made a lot of extra baht because of the negative pressure on the market.

Not long.

Fang Zhongyuan, who was out on work, returned to the company.

As soon as he walked into the trading room, he saw Robert who looked like a madman.

Fang Zhongyuan couldn't help laughing.

Robert, who was almost shirtless except for his underwear and was jumping and shouting like crazy, didn't look like an old man in his fifties at all.

Maybe, this is the etiquette of British aristocrats!

Fang Zhongyuan made a malicious guess.

Finally, Robert, who was Qing Qing frantically with passion, found Fang Zhongyuan entering the door.

He spoke.

"Oh, dear Fang. You are back, there is no problem."

"Of course there's no problem."

"I think they must look very ugly."

"Haha. If it were you, how would your complexion be? With two hundred and fifty million dollars, their faces would be the color of pig liver."

"It's such a pity. I like to see other people unhappy and there's nothing I can do about it."

"Lao Luo, you have learned bad things from certain people."

"Haha, but it's really fun."

"..."

...

Singapore.

Jushi Capital Trading Department.

Liu Qiang, the top commander, and Robert in Thailand are completely opposite personalities.

The muscles on Liu Qiang's face couldn't help but tremble.

His eyes were full of crazy excitement.

However, he still controlled his emotions tightly.

He wanted to be as motionless as a mountain.

He wanted to be like his boss, who could face the collapse of a mountain without changing his expression.

"Little Four, the Group A account has been shorted by 60,000 contracts. We need to break through the 25 defense line as soon as possible."

"San'er, Group B is on standby at any time. Once the baht price falls below 26, we will add short positions indefinitely."

US dollar to Thai baht exchange rate.

1:24.795.

When Thailand fell into a run, the forward market was also volatile.

Although BOT established a large number of long positions in the market, it was still unable to push the baht price above 24.

In the four major foreign exchange futures markets, contract positions and trading volumes related to the Thai baht are expanding rapidly.

Intertwined around the price of 24.750, it attracted large-scale funds to start competing with each other.

Some are bearish and some are bullish.

Just like the father-in-law said that the father-in-law was right, the mother-in-law said that the mother-in-law was right.

In the market, it is never possible for everyone to agree on a unified direction.

The bearish logic is that Thailand's current economic situation is unable to support the Thai baht's fixed exchange rate.

The bullish logic is that the Bank of Thailand will maintain the fixed exchange rate at all costs.

There is no right or wrong.

Before the results come out, no one can be sure that they are correct.

Neither can Zhao Jiangchuan.

At least, he can't guarantee that he is right now.

This attack on the baht is months ahead of the future he knew.

And as far as he knew, at that point in time, international capital was still being wiped out by the Bank of Thailand.

However, this does not affect his judgment and decision-making.

I have the general trend at my fingertips, and I own the world.

With the current almost one-sided situation, Zhao Jiangchuan believes that the Bank of Thailand has reached its limit.

Just one more bit of pressure can be like the straw that breaks the camel's back.

By that time, BOT's defense line will be self-defeating without the need for Jushi Capital to take action.

Barber.

I think you won't let me down, right?

Thailand.

The Southeast Asian Economic News published an article, which aroused the attention and resonance of the Thai people.

Southeast Asia Economic News pointed out.

In the past year, the Thai stock market has plummeted by more than 70%, and house prices in Bangkok, Chiang Mai, Pattaya and other places have also fallen by 60%.

Now, the Thai baht is facing a huge test.

All the reasons started after Finance Minister Babur Carew came to power.

Thailand's economic data has begun to decline since Babur Karu took over as finance minister.

Barbour's property taxes have put a lot of pressure on the real estate market.

Barbour's 15% institutional tax on Chinese institutional investors has kept Chinese investors away from the Thai market.

Southeast Asia Economic News pointed out from multiple angles the administrative policies directed by Finance Minister Barber after taking office.

The Thai people discovered that the Southeast Economic News was right.

There are more than a dozen reference materials showing that everything is just as analyzed by Southeast Economic News.

After Babur Karu succeeded as Finance Minister, Thailand's economy began to enter a downturn.

what does that mean?

This means that Barber Carew is not suitable to be the Minister of Finance. He is an incompetent guy.

Bangkok streets.

I don't know when it started, but a large number of people gathered.

They carried banners and white flags and began to demonstrate in the streets.

the banner read.

Let the incompetent Barber get off the stage.

On the flag, a cartoon character with a pig head and a human body is drawn.

It said, Barber Carew.

"Get out of here Barbour Carew, this incompetent guy doesn't deserve to be finance minister."

"Idiot Barber, you are the one who brought Thailand to the gate of hell."

"Get out of here Barber, we need someone more capable."

"..."

The demonstrations grew larger and larger.

They surrounded the Prime Minister's Office and blocked the entrance to the Ministry of Finance.

"Compatriots, these corrupt guys will not give up their rights if you don't show them any shame. We need to use our blood to do our part for this country. We need to go on a hunger strike to protest their incompetence. "

"We want a hunger strike and we want someone more capable as finance minister."

"Protest, protest against Barber's incompetence."

"..."

Under the massive protests and demonstrations, senior officials from all walks of life in Thailand could not sit still.

Bangkok, Prime Minister's Office.

Finance Minister Babur Karu, who has been in office for two years, handed a resignation letter to Prime Minister Chavalit.

"Mr. Prime Minister, I request my resignation."

It is different from outside speculation.

Barber Carew, who asked to resign, did not show any unwillingness. On the contrary, his face was full of expectation.

As Finance Minister Barber sees the current situation in Thailand very clearly.

Thai Baht, I'm afraid I can't stand it anymore.

Otherwise, how could the general in front of him do such a thing quietly.

Clearly, he knew better.

Once the Thai baht falls, the responsibility will probably fall on him as the Finance Minister.

If you don't run now, you'd be an idiot.

It would be better to let Sonny fight.

Chavali took Barber's resignation letter, and after a long silence, he spoke.

"Okay, I agree with your resignation."

Chavalid knew very well why Babur resigned at this time.

only.

Facing the huge crowd of demonstrators, he could only comply with public opinion.

After all, Thailand is a democratic country.

If he fails to comply with public opinion, then he, the prime minister, may also be ousted.

His predecessor was beaten with rotten eggs and rotten vegetable leaves even after ten months.

Democracy, damn the people.

Bank of Thailand, Office of the Governor.

After receiving the news that Treasury Secretary Barber had resigned, he was so angry that he almost fainted.

Now is Thailand's most critical time, but the minister in charge of finance has given up his job.

"You bastard, you bastard. How long has it been? You're still doing this little thing."

Sonny's lungs were about to explode.

All on the same level, how could he not see that Barbour would resign at this time.

It was clear that the biggest blame was going to be put on his head.

Once the domestic foreign exchange reserves are exhausted, only he, the central bank governor, will be responsible for the matter.

"Asshole, this damn guy. Stupid, hateful."

To be able to securely hold the position of governor of the central bank, Sonny, in addition to family support, has in-depth research on politics and economics.

When defending against the Thai Baht.

Prime Minister Chavalit and Finance Minister Baru have expressed support for the Thai baht on many occasions in public and in the media.

They have also vowed many times that the Thai baht will not depreciate.

Sonny could imagine it.

At this critical moment, the sudden resignation of the finance minister, who has always supported the baht in public, was a fatal blow to the baht.

The trees fell and the hozens scattered.

Now that the Thai baht has not fallen, these hozens have found their escape routes one by one.

The best way to breach a fortress is to attack it from the inside.

Nowadays, there are external troubles and so many problems internally.

Don't they understand what faith is more precious than gold?

Once you lose confidence, that is the real end.

"Ring ring ring..."

The phone rang again.

This time, what kind of bad news will it be.

Sonny answered the phone weakly.

"I'm Sonny."

"President, it's not good. Minister of Commerce Navat also submitted his resignation just now, and the Prime Minister's Office has agreed. Hey, President, are you listening..."

"..."

Sonny closed his eyes weakly.

He knew that Thailand was finished.

We are currently fighting fiercely with the enemy, but all the generals on our side have run away.

How can we win this battle?

hehe...

Don't be afraid of opponents who are like wolves, but be afraid of teammates who are like pigs.

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