Chapter 905: Thailand’s Counterattack

"Brother Ji, I heard that you are learning mahjong very quickly these days?" Feng Yu asked with a smile.

"Hahaha, it's okay. You, the quintessence of China, are really interesting." Kirilenko laughed wildly.

Yesterday, Kirilenko was very lucky and even won a big game. In addition, all the futures contracts were delivered, which not only made up for all the losses and interest, but also made some profits, which made Kirilenko feel good.

"How about it, are you interested in playing a few more laps today?" Feng Yu also wanted to relax when he had time.

"Come on, but be careful, the Fu family brothers were going to call me the God of Gamblers yesterday!" Kirilenko looked down at Feng Yu, his eyes were full of complacency and contempt, as if he had won.

"Hahaha, God of Gamblers? I just like to play a few laps with God of Gamblers."

...

"Feng, how long are we going to rest?" Kirilenko asked while playing cards.

"When the exchange rate of the Thai baht returns to about 25:1, we will enter the market again. Now we are looking at other countries and choosing to establish some forward foreign exchange contracts. What, do you have something to do?"

"Well, the installation and commissioning of new equipment in our electronics factories should be completed in a few days. I want to go back and have a look." Kirilenko knew that he was useless here because he didn't understand anything.

Instead of worrying here and being unable to help, it is better to go back to China and do some serious business. The earlier the electronics factory starts, the earlier the mobile phone can be produced.

Feng Yu told him that the new mobile phone has been successfully developed, and he just waited for his factory to be put into production and launched simultaneously.

"Okay, at the beginning of July, we are guaranteed to see the result. Then every month, you can see a large profit."

"Hahaha, will we do nothing after that, and the money will never run out?" Kirilenko laughed loudly.

Feng Yu thought for a while: "Basically, the stocks you invested in can be sold later, the shares of the mine, the factory, the trading company, and the software company. You can spend money all the time.”

This time, even if Kirilenko did not earn as much as Feng Yu, Feng Yu guaranteed that Kirilenko could earn more than two billion US dollars in more than a year. If all the investments are cashed out, Kirilenko can have assets of at least six billion U.S. dollars. Even if he does nothing, he just deposits them in the bank. The annual interest is money that many people will never earn in their entire lives. Lilenko wasted his life.

Even if Kirilenko is taking drugs,

He can't finish the money!

Unless he is addicted to gambling, this is the most terrible way to lose money. Of course, you must also find an opponent of the same level.

Everyone chatted while playing mahjong, and Feng Yu acted as an interpreter between them. Although Kirilenko's pronunciation is not accurate, they can understand it, anyway, it's just a few words.

There is an old saying in Northeast China that the person who Zhang Luo likes the most often loses the most. After a few laps today, Feng Yu really lost alone.

But Feng Yu still had a smile on his face, the little money he lost was nothing, the important thing was to pass the time. He won't be like his father, playing mahjong for one yuan, and almost losing the anxious eye!

In the evening, it was another delicious meal. It was rare for Feng Yu not to drink too much this time, and he had a good drink with Brother Ji, and passed out so drunk. Of course, he still didn't drink as much as Brother Ji.

...

"The central bank announced that banks are strictly prohibited from lending Thai baht to certain fund companies."

"The government will spend another five billion U.S. dollars in foreign exchange reserves to absorb Thai baht, so that international speculators will lose their money!"

"The central bank has issued a new policy, and the offshore overnight lending rate has been adjusted from 10% to 100%."

Feng Yu looked at the Thai news reproduced by Xiangjiang media, and the corners of his mouth curled up. The Thai government has finally made a move!

The exchange rate of the Thai baht has fallen to 27:1. If it is allowed to continue to fall, then Thailand will start from the financial sector, and the economy will collapse in an all-round way.

It is strictly forbidden for banks to lend Thai baht to certain fund companies. Of course, banks are not allowed to lend Thai baht to Soros. But the Thai government can manage their local banks, but not foreign banks.

There are 50 banks with offshore financial qualifications, of which only 15 are local. Although this has an impact on Soros and the others, the impact is not too great.

The most influential ones are the latter two.

Fifty US dollars of foreign exchange reserves, if reversed, will increase the exchange rate of the Thai baht, and then Soros and the others will lose money on their investment. If they want to continue to suppress the baht, they have to spend more money. Now the money can no longer disturb the situation.

When we first started, the Thai government took out 2 billion U.S. dollars in foreign exchange reserves. If Feng Yu hadn't joined at that time, Soros and the others would have lost a lot at that time.

Even if Feng Yu joined, Soros and the others lost some money at first, but they were all within the acceptable range.

The most ruthless is the central bank's new policy, the offshore lending rate, which has increased tenfold. This is not an ordinary interest rate adjustment, but an overnight interest rate, which is specifically aimed at Soros' Quantum Fund, preventing it from selling Thai baht quickly.

Originally, the interest rate was 10%, but now it has become 100%. Soros and their costs have skyrocketed.

However, Feng Yu believes that this is not cruel enough, how can 100% be enough? If it were him, he would raise the overnight interest rate to 1,000%, or even 2,000%, so that Soros and the others would not be able to borrow Thai baht to sell it. No interest!

He remembered that in his previous life, the overnight interest rate was really raised to more than 1,000%. He couldn't remember exactly how much. Why is it only 100% now? The Bank of Thailand will definitely not be able to scare Soros like this.

They don't understand Soros' appetite. You must know that Soros established a forward foreign exchange contract of 15 billion US dollars very early, and Soros used a higher leverage ratio through a financial company. Most of Soros' funds are used to suppress the Thai baht.

...

"Boss, Thailand has suddenly launched a series of policies, all of which are aimed at us!" Zhu Ken Miller reported.

"Hmph, I've been waiting for their actions. Before we lowered the exchange rate of the Thai baht, they used their foreign exchange reserves to bring it back. At that time, we didn't get the news in time. But this time, even if they used more There are a lot of foreign exchange reserves, but the news we released is enough to make other foreign capital follow suit, and the Thai government can't stand it." Soros said confidently.

"But, without Feng's help this time, will our funds not be enough?" Zhu Ken Miller was a little worried. After all, their funds had been dispersed a lot, and they had established various countries in Southeast Asia. Forward foreign exchange futures contract. Although there is leverage, their actual margin ratio is not high, but who let them build more positions?

Each of the countries and regions they are targeting has a forward contract of no less than 10 billion U.S. dollars, and the funds they have to pay are at least 500 million U.S. dollars!

"When we originally planned, there was no him. If there is more, there will be no more, and if there is less, there will be no less. After the notice, the overnight interest rate has increased, so we will lend for a longer time and continue to sell Thai baht!"

...