instant noodle richest man

For a financial market, whether it is short or long, what you fear the most is actually the confidence of the market.

As long as the market has confidence, A-shares can also be 6,000 points.

If the market has no confidence, it will fall back to 1,000 points in an instant.

When Soros, with his proud record, took the initiative to admit that he was the mastermind behind shorting Thailand, his confidence actually began to collapse.

Soros is also very clear about the routine here, so he announced his identity at the most critical moment and directly gave the already anxious battle situation the most vicious attack.

The facts are also as Soros planned.

After Soros announced his identity, the 18th day of the competition started with an unimaginable advantage.

Within just one hour, huge short orders of more than 25 billion baht were thrown out. However, only 5 billion baht of them were prepared by the Soros Foundation itself, and the other 20 billion had nothing to do with Soros.

So where did the 20 billion baht come from?

"They are finally here!" Seeing the arrival of the 20 billion yuan, Soros finally smiled on his old face.

Because Soros understood that those international hot money who had always liked to follow him to grab meat and eat finally entered the market.

In fact, at the beginning, Soros hated these international hot money very much because they always followed Soros to eat meat. It was clearly the country that Soros had won, but these international hot money had a lot of money and instead divided most of the profits.

So at the beginning, Soros hated these international hot money very much, but there was no way.

But as time goes by, Soros suddenly discovered that these international hot money is not a bad thing.

Although they will follow their backs to eat meat, there is only so much capital, and international hot money really cuts much meat from their plates.

On the contrary, these international hot money can boost their momentum, spending 10 billion to short a country, while these international hot money can spend 20 billion or even 30 billion to follow them to eat meat behind their backs.

This is equivalent to three times more than four times his capital out of thin air. This is actually a huge advantage for Soros.

When he was sniping the pound in 1992, although Soros later said something in an interview, the 12 billion US dollars he prepared was only 10 billion, and the 2 billion was useless.

But in fact, Soros knew that he was in a very dangerous situation at one time, and Yingguo ZF was about to swallow all his funds, and his 12 billion yuan was not enough.

Finally, it was the international hot money who worked hard. They followed Soros to eat meat, which increased Soros' funds to about 40 billion US dollars. This directly became the last straw that broke the camel's back, causing the Ying government to give up resistance and also made the pound plummet. Soros finally harvested more than 3 billion US dollars in profits from Ying, becoming the most prominent battle in his life.

This is the power of international hot money. Now is the time to let this power appear.

With the 20 billion baht of international hot money coming on, Thai financial institutions that have been holding on to it can finally be a little unable to withstand it.

In fact, international hot money has come a long time ago. Those international hot money with good relationships with Soros, or sharp eyes, have long seen that behind it is the international hot money taken by Soros.

They had long followed Soros to short the market, otherwise Soros would not have had so much baht, swallowing the previous $15 billion.

The 20 billion baht that has poured in is an international hot money that has come to take the last sip of the soup.

Although Thailand ZF finally successfully used the US dollar in its hands to eat these short orders, this was just the beginning. In the afternoon, more than 50 billion baht short orders were sold into the market.

Thailand's institutions hesitated and if they want to eat the 50 billion baht, they need to use a huge amount of US$2 billion.

Thailand is a small country, and their foreign exchange reserves are only 30 billion yuan.

In the past half a month, in order to stabilize the market, they have invested 15 billion US dollars to stabilize the exchange rate of the Thai baht.

If another $2 billion is lost, the entire country's foreign exchange reserves will be used more than half within a month. This is a matter that needs careful consideration for any institution and the ZF behind them.

So these institutions stopped and they needed to ask the supreme leaders to let the top leaders make a decision.

As the state machine stopped and lost the gold coins to receive orders, the Thai baht began to plummet, breaking through the 27:1 bottom line that he had been bitten tightly within 20 minutes, and directly reaching the 28:1 level.

Finally, at the close, it even broke through to 29:1.

Although at this time, Thailand's top leaders have made a decision to maintain the exchange rate at all costs, and even if they use up all US$30 billion in foreign exchange reserves, they must maintain the exchange rate.

This decision is correct and not wrong, but it shouldn't be done. This decision is too late and interrupts the already somewhat rigid exchange rate maintenance process.

During the previous 18 days, Thailand has been sticking to the bottom line of 27:1, making everyone think that 27:1 is the bottom line of the Thai government.

Now that the bottom line has been broken, it means that Thailand has insufficient funds or simply plans to give up resistance, the Thai baht will plummet!

Most people don’t know the truth. They only analyze based on intelligence and then analyze such a natural result.

Then, the market was completely panicked.

Soros wanted to seize this opportunity and began to constantly use media publicity, saying that the Thai government had completely admitted defeat and they were going to give up maintaining the exchange rate. The value of the Thai baht would be reduced by more than ten times, and everyone's Thai baht would depreciate rapidly and eventually turn into worthless waste.

The effect of these rumors is fearful, especially when they are not directed at all financial institutions, but are told to all the people in Thailand, everything is over.

In the 19th year, when Thai institutions took the senior management to decide at all costs and prepared to continue to rescue the market, they found that it was not the opponent who started to go crazy, but their own people.

All the banks in Thailand were surrounded overnight, and the people who flocked to block all the banks' gates. These people had only one request, which was to exchange the Thai baht in their hands for US dollars.

"It can't be changed. If we change it, we will have no money!" shouted the Thai Minister of Economic Affairs.

Then Thailand announced that it would temporarily stop the business of exchanging Thai baht to US dollars.

The original meaning of Thai institutions was to be kind, and to further fight against international airdrops in the market in order to preserve foreign exchange.

But this order completely destroyed the confidence of all citizens.

After seeing the Thai people, the government ordered the suspension of exchange of US dollars, which means that the government really had no money, and the depreciation of the Thai baht became a matter of course.

For a while, the exchange rate on the exchange has not changed, but in the market, the Thai baht is worthless. Many shops and companies even directly posted signs of refusing to accept the Thai baht. On the black market, the Thai baht exchange rate plummeted to below 50:1.

This time, all the domestic capital in Thailand, which originally held a large amount of Thai baht, could no longer bear it. In order to protect their own interests, these capitals also began to sell their baht in their hands. In a short order of hundreds of billions of dollars in the market soared.

When the Thai officials saw so many huge short orders, they were completely stunned.