In the evening of that day, the director of the Hong Kong Monetary Authority took his family on a plane to Bali for vacation.
After the Landlords Association deployed all its power, it completely replaced the functions of the Hong Kong Monetary Authority. Instead of the impoverished Hong Kong Monetary Authority, we will stand up and fight this battle with Wall Street.
In Hengye Building, Huang Shitong walked quickly into the office area of Tianze Securities carrying two plastic bags. I saw five hundred securities managers, all sitting in front of computers, busy typing on the keyboard.
Meiko, Luo Minsheng, and twenty financial elites from the trading team were sitting around a whiteboard in front of the hall, discussing the recent situation. After seeing a group of bodyguards escorting Huang Shitong to the company, they immediately stopped talking and looked at the plastic bag in Uncle Tong's hand.
"Daddy." Meako, wearing a suit, stepped forward and asked.
I saw Huang Shitong neatly throwing two transparent plastic bags directly on the table.
"These are the letters of credit of two hundred and thirty companies. I leave them to you." Huang Shitong looked directly at Yazi and said.
Although he took command this time, he only controlled the overall situation and was responsible for strategic arrangements.
Meazi brought the Tianze certificate and was considered to be leading the troops.
As long as you can train yourself well in this financial war, you will have a chance to surpass this old man in the future.
Now seeing the two plastic bags on the ground, Meiko naturally understood what daddy meant, nodded and said: "Daddy, leave it to us!"
"Okay." Huang Shitong nodded, explaining the matter.
Luo Minsheng immediately bent down and took out a debt letter from the plastic bag, opened it and saw that it turned out to be 51% of the shares of a listed company.
I casually took out another letter of credit, and it turned out to be another listed company. It was also a 51% story.
Gee, the entire Hong Kong Island can acquire the equity of 230 companies at once, it will scare people to death! And each equity document worth at least tens of millions of Hong Kong dollars, there are more than a hundred copies, stuffed into a large package in a plastic bag? I'm afraid only Uncle Tong is qualified to do this kind of thing.
Without having time to think about it, Luo Minsheng hurriedly put the equity books back into his bag, picked up one in each hand, picked up two bags, and rushed into the office area with the trading team.
"Send it down! Send it down!"
“See the company name clearly and log in to your account! Stabilize the stock price!”
"What I want to stabilize is the stock prices of two hundred and thirty companies! If they want to fall, let them fall together. If one company falls by 10 cents, the other company cannot fall by 20 cents!"
"Even if the market is falling, I will rise again every three days. I want to be stable! Control the market stably!" The financial elites in the trading team immediately distributed the equity group to the team leader.
The more than 500 securities managers in the office area immediately became rotating gears controlling the entire Hong Kong stock market.
Luo Minsheng's yelling voice echoed in the office area. He knew very clearly that it was impossible to buck the trend and rebound. The best way was to maintain the stability of Hong Kong Island. Even if it falls, it must fall steadily. And occasionally it needs to rise a little bit to maintain the confidence of investors.
Meiko looked at the orderly employees, nodded with satisfaction, returned to the office and turned on the computer. After entering the landlord's association account password, I saw the ten-digit dollar amount rising rapidly.
That is the support from the tycoons of Hong Kong Island, which is being continuously transferred into the "account" of the Landlords Association. At the same time, within the expenditure item, the amount is constantly changing.
Because it was Mai Shengyun and Lin Rundong who were mobilizing the money in their accounts to purchase the debt on Hong Kong Island. At the same time, it is also Luo Minsheng’s current expenditure to control the Hong Kong stock market.
In this account, there are hundreds of millions of dollars in one second!
…
On Wall Street, Solos smoked a cigar and listened quietly to the report of the chief analyst of Hong Kong Island. After the analyst finished speaking, he raised his eyebrows and exhaled a long breath of mist.
"The war begins!"
“Throw the baht!”
Solos' figure moved from the floor-to-ceiling window to the conference room and made a downward gesture. The chief Thai analyst in the audience immediately took out his mobile phone and called: "Throw the baht!"
"Throw away Thai baht!" A financial expert on the third floor of the building hung up the phone and shouted to the salesman.
"Throw Thai baht!" A thousand salesmen in the three-story hall immediately started busy work.
Amidst the sound of their keyboards, one after another Thai baht exchange orders appeared in the international trading market.
Thailand, Ministry of Finance, Monetary Office. The team leader sitting in the office suddenly heard the voice of a team member: "Team leader! There are too many orders to sell Thai baht in the international currency market."
"Huh? There are no buyers. We can just eat it." The currency team leader, wearing a khaki uniform, sucked the green coconut in his hand without realizing anything was wrong.
"Understood." The team member responded, and immediately started with other colleagues to use the money in the office account to receive the Thai baht from the international currency market.
Under normal circumstances, the value of large amounts of international currency will fluctuate in the market. It may not necessarily be higher than the regular exchange rate, it may be lower.
However, the number of orders hanging on the market cannot be too large. Once an obvious downward trend occurs, it will trigger a tide of Thai baht exchange.
The Thai baht currency is currently pegged to the U.S. dollar at a fixed exchange rate, with one U.S. dollar equal to 25 baht.
The price of these selling orders in Thai baht is around 26 baht per US dollar.
The price fluctuations are not very large, but the order volume is extremely large, as much as 26 billion baht...
After the Currency Office started to use foreign exchange funds to absorb Thai baht, it was shockingly discovered that the number of Thai baht in the international market not only did not decrease, but actually increased.
The total amount is more than 30 billion!
And the price has fallen below the price of 30 baht per US dollar.
You know, the more baht one dollar equals, the greater the decline in value. The value of Thailand's manpower and materials in the international market will be lower.
The current price is already much lower than the normal exchange rate!
Retail investors in the international market realized that something was wrong and began to sell their orders. As a result, the sales orders for the Thai baht in the international market continued to increase.
In less than ten minutes, the team members had exhausted all the office funds. They raised their heads and looked at the currency team leader and said: "Team leader, our account funds have been exhausted!"
"The funds in the account have been depleted?" The currency team leader sucked on the green coconut without even raising his head.
After a few seconds, he raised his head in shock and said, "What? The account funds have been drained? There are 100 million US dollars in it!"
The currency team leader had an expression of disbelief on his face, threw away the green coconut in his hand, and walked quickly to the team member's computer. I saw Thai baht orders from the international market jumping on the computer, and the total amount reached a huge 50 billion.
At the same time, there is a capital 0 in the column of account funds.
"It's only been five minutes, it's only been five minutes..." The currency team leader muttered to himself as he looked at his watch and immediately realized something was wrong. What report should I write at this time? He immediately rushed to the Finance Minister's office, trying to report the situation against the clock.
Because if this continues... everyone in the international currency market will know that the Thai baht is plummeting.
Once the exchange rate drops to above 30, I am afraid that even the bottom-buying buyers will no longer be interested.
All buyers holding Thai baht will choose one thing, and that is to exchange for US dollars with a fixed exchange rate from the Thai official.
This will trigger a wave of exchanges.
If Thailand could come up with so much foreign exchange reserves, it would be able to smooth out this exchange trend, but Thailand's foreign exchange reserves have always been very small. Moreover, most of them have to maintain armaments, and even fewer can be used to support economic warfare.
So the best-case scenario is to take all the Thai baht orders before the exchange wave occurs. Eat as much as you want, and the market must not lose confidence in the Thai baht.
But when the currency leader stood panting in front of the Finance Minister, the Finance Minister held the phone and sighed helplessly: "The exchange tide has begun."
…
Within twenty-four hours, the oligarchic group's crazy selling of the Thai baht completely detonated Thailand's foreign exchange crisis. During the exchange surge in the first half of the day, the Central Bank of Thailand also chose to exchange according to the exchange rate.
But starting from the second half of the day, the transfer time increased by one day.
And the Central Bank announced in the evening that it would raise interest rates on foreign exchange exchange.
These two consecutive actions have exposed the foreign power of the Thai Ministry of Finance. Not only did they not solve the exchange wave, but they intensified the exchange crisis.
The next morning, the current finance minister gave a televised speech, declaring in front of the world’s media: “Thailand has adhered to the U.S. dollar-pegged exchange rate for sixteen years and will never give up.”
"One US dollar is only equal to 25 baht, never more than one baht!"
"The Thai baht will never lose! We will make those speculators lose their money!"
Hearing the decisive voice of the Finance Minister, Thailand's big bosses relaxed their brows.
You know, a country’s big entrepreneurs actually do business internationally. They must sell Thai products to the world in order to drive Thailand's economic development.
Therefore, when the Thai baht falls, they are the first to lose!
Then the losses of these large companies will be fed back to small businesses, eventually leading to chain reactions such as worker unemployment.
In this way, after workers lose their jobs, prices will skyrocket and the economy will regress.
But when Huang Shitong, who was far away in Hong Kong Island, saw this scene on TV, he sneered: "The Thai baht collapsed!"
A country is equivalent to a person. Whether you have money or not is not decided by your mouth. It only counts if you take it out of your pocket. If you don’t have money in your pocket, no matter how loud you shout, it will collapse when it’s time to collapse.
Who told you to peg it to the U.S. dollar? Once something goes wrong, others will not recognize your Thai baht, they will only recognize the US dollars in your hand. Why is the U.S. dollar a hard currency? That's because American guns are tough enough!
It is because the United States' guns are strong enough that the Wall Street oligarchs have the courage to loot the world. Haha, you haven’t heard of Myanmar or what kind of oligarchic group there is in India?
The current selling of the Thai baht by Wall Street is just a charge. Wall Street still has a large number of Thai government bonds that are about to expire!
