The Rebirth of the Financial Hegemon

Vol 3 Chapter 123: Wolf-Like Opponent

Bangkok, Bank of Thailand.

Vice President Chang Kuan walked into the President’s office with his head down and dejected.

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 those domestic multinational banks with an almost pleading attitude, it was still of no use.

You can’t build a line of defense without money.

With the remaining reserves of the Bank of Thailand, it will be difficult to sustain without a miracle.

When Kuan entered the door, Sonny had already guessed the result.

But he still asked.

“Kan, 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 the other banks rejected our request.”

Standard Chartered agrees to loan request? how can that be.

Sonny hurriedly leaned halfway up from the chair, he was shocked.

“You said that Standard Chartered agreed to our loan request?”

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

“Didn’t Standard Chartered Bank be acquired by Jushi Capital, why would they agree to lend us money?”

“I don’t know. But Standard Chartered agreed to lend us dollars at this time, at least not a bad thing.”

Not really 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 bell bell…”

The red phone on the table rang again.

Red is so disgusting, and ringtones are so annoying.

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

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

Internal and external troubles!

“President, just now we received several more exchanges, with a total value of 250 million US dollars.”

“Did you find out what’s coming?”

“It’s several financial companies.”

“Are those ones still there?”

“No, it’s other financial companies. But I suspect it may be all leather bags, because these financial companies were established in March last year.”

“Okay, I see. Trace the source of their funds…”

“…”

Jushi Asset Management Trading Department.

Robert was screaming frantically like a dancer.

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

That crazy look, just like a lunatic.

“Gentlemen. Show your **** off hand speed, there are tons of dollars waving at us.”

“Oh. Zhang, I think you can hurry up, right? If you can hurry up, I will apply for your boss to add $50,000 to your year-end bonus.”

“Oumai, my Li. You didn’t eat in the morning, right? Why is your hand speed so slow all of a sudden.”

“Gentlemen, the year-end bonus of the Singapore Trading Department has come down. One million per person, if you want to exceed their year-end bonus, give me a quick job.”

“Fuck me these lowly Thai guys.”

“Bills, women. We’re all waiting for you, let’s have a good time!”

“…”.

Robert, is simply a devil’s apostle.

He was **** and frantically waving the clothes in his hands.

With the most primitive desire in the world, it stimulated everyone present.

In that way, it is a demon flag-bearer who is waving the flag and shouting.

“Crackling…”.

Robert’s words seem to have a demagogic quality that can drive people crazy.

Under his instigation, the hands of the traders were frantically tapping on the keyboard like flying butterflies.

The intensive keyboard tapping sound is not much worse than the sound of raindrops hitting the roof.

At a pounding speed that is invisible to the naked eye, large and large positions are reported to the market host.

“268.16, flat. Three hundred lots.”

“268.17 o’clock, sell open, 300 lots.”

“268.15, flat. Five hundred lots.”

“…”

“267.39 o’clock, sold out, 500 lots.”

“267.38. Buy flat. Six hundred lots.”

“…”.

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

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

Almost all the funds that have been understood are in the stocks in their hands.

Those who can short the stock index are also shorting the SET50 and SET100 indices indefinitely.

All, the shipment of Jushi Asset Management went very smoothly.

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

Not long.

Fang Zhongyuan, who went out to work, returned to the company.

As soon as he entered the trading room, he saw Robert like a lunatic.

Fang Zhongyuan couldn’t help laughing.

Robert, who was shirtless with only his underwear left, was jumping and shouting frantically, and he didn’t look like an old man in his fifties at all.

Perhaps, this is the etiquette of the British aristocracy!

Fang Zhongyuan made a malicious guess.

Finally, Robert, who was frantically chasing Q, found Fang Zhongyuan where he entered the door.

he opened his mouth.

“Oh, dear Fang. You’re back, no problem.”

“Of course it’s fine.”

“I think their faces must be very ugly.”

“Haha. Would you look better if it were you. $250 million, their faces look like pig livers.”

“It’s a pity, I like to see others upset and I can’t help it.”

“Lao Luo, you learned badly from some people.”

“Haha, but it’s really cool.”

“…”

……

Singapore.

Boulder Capital Trading Department.

Liu Qiang, the supreme commander, and Robert in Thailand are completely two extreme characters.

The muscles on Liu Qiang’s face kept shaking.

His eyes were full of crazy excitement.

However, he still tightly controlled his emotions.

He wanted to be as motionless as a mountain.

He wanted to be like his boss, even if Mount Tai collapsed in front of him without changing his face.

“Little 4, the Group A account will be shorted by 60,000 contracts. We need to break through the 25 line of defense as soon as possible.”

“San’er, Group B is on call at any time. Once the price of the Thai baht falls below 26, it will be added indefinitely.”

US dollar to Thai baht trend.

1:24.795.

At a time when Thailand was in a run on the run, the forward market was similarly volatile.

Although BOT has built massive longs in the market, it is still unable to pull the THB price above 24.

In the four major foreign exchange futures markets, the open interest and trading volume of contracts related to the Thai baht are expanding rapidly.

Intertwined around the price of 24.750, it attracted large-scale funds and began to compete with each other.

Some are bearish, some are bullish.

Just like the father said that the public is reasonable, and the mother said that the mother is reasonable.

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

The logic of the bearishness is that the current economic situation in Thailand is unable to support the fixed exchange rate of the Thai baht.

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

There is no right or wrong.

Until the results come out, no one can be sure that they must be right.

Neither can Zhao Jiangchuan.

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

This time, the attack on the Thai baht was several months earlier than the future he knew.

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

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

The general trend is at hand, I have the world.

In its current almost one-sided form, Zhao Jiangchuan believes the Bank of Thailand is reaching its limit.

As long as there is a little more pressure, it will be the last straw that breaks the camel’s back.

At that time, BOT’s defense line will be self-defeating without the need for Boulder Capital.

barber.

I think you won’t let me down, will you?

Thailand.

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

Southeast Asia Economic Daily pointed out.

Thailand’s stock market has plunged more than 70 percent in the past year, and house prices in Bangkok, Chiang Mai, Pattaya and other places have fallen by 60 percent.

Now, the baht is facing a huge test.

The reason for everything started when the Minister of Finance, Barber Carew, took office.

Thailand’s economic data has fallen since Barber Karoo took over as finance minister.

Barber’s property tax has put a lot of pressure on the real estate market.

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

The Southeast Asia Economic News pointed out from various angles the administrative policies approved by Minister of Finance Barber after taking office.

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

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

After Barber Karoo took over as Finance Minister, Thailand’s economy began to enter a downturn cycle.

what does that mean?

It means that this Barber Carew is not fit to be Secretary of the Treasury, he is an incompetent guy.

Bangkok street.

I don’t know when it started, but a large crowd gathered.

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

The banner reads.

Let the incompetent Barber get off the stage.

On the flag, a cartoon character with a pig’s head and a human figure was drawn.

It says, Barber Carew.

“Get Barber Carew out of office, this incompetent guy is not fit to be Secretary of the Treasury.”

“Idiot Barber, you brought Thailand to the door of hell.”

“Get Barber down, we need someone more capable.”

“…”

The demonstrations are getting bigger and bigger.

They surrounded the Prime Minister’s Office and blocked the doors of the Treasury.

“My compatriots, these corrupt people, if you don’t show them a little color, they will not give up their rights. We need to use our blood to do our part for this country. We will go on a hunger strike to protest their incompetence. ”

“We’re going on a hunger strike, and we’re going to have someone more capable as finance minister.”

“Protest, protest against Barber’s incompetence.”

“…”

Under the mighty protests and demonstrations, high-level officials from all walks of life in Thailand could not sit still.

Bangkok, Prime Minister’s Office.

Finance Minister Barber Carew, who served for two years, handed Prime Minister Chavalit a resignation report.

“Mr. Prime Minister, I request my resignation.”

Different from what the outside world guessed.

Barber Carew, who asked to resign, was not unwilling. On the contrary, his face was full of anticipation.

Today’s situation in Thailand, as Finance Minister Barber sees it very clearly.

Thai baht, I’m afraid I can’t stand it anymore.

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

Obviously, he knows more.

Once the baht falls, the responsibility will probably fall on him, the finance minister.

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

Or let Sonny fight better.

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

“Okay, I agree with your resignation.”

Chavali knew exactly why Barber resigned at this time.

only.

Facing the mighty crowd of demonstrators, he could only follow public opinion.

After all, Thailand is a democratic country.

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

His ex was smashed with rotten eggs and rotten vegetables after he didn’t do enough for ten months.

Democracy, what a **** populace.

Bank of Thailand, Governor’s Office.

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

Now is the most critical time for Thailand, but the minister in charge of finance actually gave up.

“Bastards, bastards. What time is this, and they are still doing this kind of little tricks.”

Sonny’s lungs were about to explode.

On one level, how could he not see that Barber would resign at this time.

It was clear that he was going to put the biggest pot on his head.

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

“Bastard, the **** bastard. Stupid, hateful.”

Being able to sit firmly in the position of the central bank governor, in addition to family support, Sonny has in-depth research on politics and economics.

When defending against the baht.

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

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

Sonny could imagine.

At such a 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 tree fell and scattered.

Now that the baht has not fallen, these hozens have to find their way out one by one.

The best way to break through a fort is to start from the inside.

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

Don’t they understand that faith is more precious than gold?

Once you lose faith, that’s the real doomsday.

“Ring bell bell…”

The phone rang again.

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

Sonny picks up the phone feebly.

“I’m Sonny.”

“President, it’s not good. The Minister of Commerce, Nava, 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 over.

Now he is fighting fiercely with the enemy, but the generals on his side have all run away.

How can this battle be won.

Ha ha…

Don’t be afraid of a wolf-like opponent, but be afraid of a pig-like teammate.

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