Soon, the whole day passed, and the time came to June 23rd.
A group of Wall Street capital led by Soros sold the Thai baht crazily, completely detonating the thunder caused by Bhumi's deliberate indulgence.
The Central Bank of Titanium seemed to be lying flat and acted very businesslike. At the beginning, it took as much as it came, but after the funds in hand were used up, it directly announced that the transfer time would be extended by one day. It was not at all It's so pretentious that he shows the outside world that he doesn't have much money in his hands.
As a result, even the retail investors of Leek began to realize that something was wrong, and a huge exchange wave began.
The exchange rate between the Thai baht and the US dollar is related to how many things one dollar can buy in Titanium. If the Thai baht is on the market, it will be much cheaper to use US dollars to buy things in Titanium. You can buy more things with fewer dollars. The entire Titanium Nation will be robbed of the fruits of decades of labor by a wave of harvest.
In this case, if the selling orders hanging on the market cannot be taken directly, investors' confidence in the Thai baht will fall to the bottom.
After announcing a one-day delay in settlements, the finance minister followed up with an announcement that added fuel to the fire: the central bank was raising interest rates.
This has completely confirmed the fact that the central bank has no money. How could it possibly raise interest rates if it really had money?
As a result, the exchange tide became even bigger, and this situation made all the melon-eaters feel a little strange.
Originally, according to the general script, the central bank and the Ministry of Finance should continue to slap people in the face and announce to everyone that the Thai baht will never fall. Only by showing such a tough stance can we restore some confidence in leeks. Although it may only be a drop in the bucket, it is still a drop in the bucket. Better than nothing.
But now it is just announced that the transaction transfer cycle will be postponed by one day, and then the sub-interest rate will be increased, and there will be no public statement anymore, making Soros and others become suspicious.
What kind of human confusing behavior is this?
Obviously, a group of people on Wall Street still don’t know that an invisible war within the Titanium Kingdom has been going on for several years. Now, the Royal Family of the Titanium Kingdom no longer cares about whether it can preserve the economic development achievements of the Titanium Nation. Pumi only wants to use it. This financial war completely defeated the growing Tibei interest group.
Anyway, most of their assets are calculated in U.S. dollars. Even if the Thai baht is completely wiped out, it will not affect the royal family's continued life of luxury and luxury.
Many local forces in other parts of the Titanium Kingdom were also furious at this time. Pumi's loss of points was too serious. No matter how high his usual prestige was, he could no longer control the situation at this time. Pumi really had no regard for the overall situation.
Regardless of the usual conflicts between the Taibei interest group and the royal family, this financial war will not only affect the interests of both sides of their conflict, but also the people who are usually neutral.
Titanium is originally an export-oriented country, which means that most of the money is made from exports. These little transparent people who usually eat melon represent the middle class of Titanium's manufacturing pyramid, and the top is the Titanium North interest group. The lower class are all owners of small workshops and factories.
If everyone wants to make money, they must sell things abroad. Only then can the economy of the Titanium country develop well. But if the Thai baht falls, they will be the first to suffer.
There is no choice at all about what to do at the bottom, and a group of people at the top may be able to sustain their great business for a long time, but those in the middle class will be swept away by a slightly bigger wave.
As a result, many local forces in the Tau Kingdom also became anxious. This damn Bumi is so determined to injure the enemy a thousand times and damage himself eight hundred times, and they will also suffer the same consequences.
. . .
Early the next morning, all the people in Titanium in front of the TV opened their mouths as the central bank governor and finance minister announced on the screen that they would abandon the fixed exchange rate system that had been used for more than ten years and change it to a floating exchange rate system.
"On behalf of the Ministry of Finance of Titanium, I announce that from now on, the Thai baht will abandon its fixed 20:1 exchange rate with the US dollar, cancel the fixed exchange rate system pegged to the US dollar, and implement a floating exchange rate system."
Because a group of people on Wall Street took out a bunch of Treasury bonds that were about to mature and asked the central bank to pay off the debt at a fixed exchange rate.
Although it is only over 20 billion dollars, this is the only benefit caused by Wall Street's early action. They also hold more government bonds in their hands, which will mature in almost four months. The total value of this part is 4 Ten billion knives.
But even the central bank couldn't come up with the money to repay the two tens of billions of dollars, so this directly became the straw that broke the camel's back.
The Thai baht immediately began to plummet, and with it everything in Titanium, including factories, farmland, plantations, and labor force, all devalued. Now the whole world can use fewer dollars to exchange for things of higher value in Titanium, and international financial speculators are also directly targeting I went to Titanium Kingdom and started short selling.
At this time, the titanium official has completely lost control of the country's financial affairs. How much the Thai baht is worth in the future will be decided by Soros and his group.
When you want to buy something, the baht will depreciate, but when you want to inject large amounts of money into the country, the baht will appreciate.
That afternoon, more than 30 financial institutions in Beijing were in danger and seemed to be close to bankruptcy, while more than 200 listed companies directly declared bankruptcy. For a while, a large number of leeks who were still paying off their mortgages walked up the street with blank eyes. On the street, I don’t know what to do.
The company they worked for closed down and they lost their only source of income. What should they do with their mortgage loans?
What should my family do?
At the same time, many factory owners across the Titanium Kingdom also looked at a loss. Facing a group of workers surrounding them, they could only announce helplessly.
"The factory is closed down!"
At this time, these workers finally realized that the boss had nothing, and they began to feel confused.
After receiving the severance package from my boss, I was at a loss for future life.
Now the Thai baht has begun to depreciate significantly, corresponding to the crazy rise in prices. If they usually got so many notes in their hands, they would be very happy, but now. . .
Correspondingly, the bosses of foreign-funded enterprises were calculating the wages of their employees with ecstatic faces. They found that in dollar terms, they now only need to pay one-third of the wages.
This was a huge profit. The Thai baht, which had been cut in half and was still in free fall, could buy as much as they wanted. This saved nearly two-thirds of the labor cost.
Qingmai, Chen Taotao and Huo Tianren shook their heads when they looked at the table compiled by the legion. With the depreciation of the Thai baht, all foreign-funded enterprises in Titanium together could reduce their wages by 50 billion dollars a year.
And there is no need to worry about no one willing to work. Nowadays, many companies are going bankrupt, and a lot of people just want a job to make a living. They are not afraid of not being able to recruit people at all. They can even lower their jobs even when there are too many monks and too little food. salary.
But this has nothing to do with Titanium North. Titanium North and Chonburi on the southern coast seem to be calm, as if they are two worlds apart from many other places in Titanium.
Huo Tianren and Chen Taotao were discussing their gains in the past two days and their next steps.
“How much did we make by selling the baht?”
"It's almost 30 billion dollars."
"How much money did Soros and the others make?"
"They made $20 billion in cash from selling the Thai baht, and the forward contracts they bought on the stock market, futures, and government bonds early in the morning totaled about $50 billion, and they will be cashed out the day after tomorrow."
"That's it?"
"They also completely controlled the financial market of the country of Titanium, and obtained a super-cheap source of raw materials and a large number of cheap labor."
"Okay, what's his next move?"
"The three countries of Java, Maya, and Luzon have also been affected by the collapse of the Thai baht and have become the targets of some international speculators. Soros's next target will definitely be these three countries, followed by Japan and Southern Korea, and finally It’s Hong Kong Island.”
When they mentioned Hong Kong Island, Huo Tianren and Chen Taotao both had strange expressions on their faces.
"No matter what their goal is, now that they are here in the Tau Nation, don't even think about leaving. You can start to fight back now.
Just like the boss said, we are both superior and inferior, and we are also deciding between life and death. "
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