instant noodle richest man

Although the remaining US$13 billion in hand can indeed take up a short order of over 100 billion baht, the senior management directly sent an order asking to give up continuing to maintain the interest rate of the baht.

It’s not that the top leaders have surrendered to the enemy, but that the top leaders are too smart. They understand that the market’s confidence is completely over.

Although it is now a 100 billion baht order, the Thai ZF has printed a lot of Thai baht for profit before, with a total scale of about 2 trillion baht.

All these baht were spent by Thailand ZF. Although they received a lot of economic benefits, all of these baht were left in the market.

This is a bubble, a bubble without the support of the real economy.

Now, it is time for these baht to explode. All those who hold the baht will not help but sell the baht in their hands to stop the loss. Most of these more than 2 trillion baht will probably return to the market. The remaining US$10 billion in their hands will definitely not be able to eat two trillion baht.

If it is forced, there is only one final result, that is, while the exchange rate of the Thai baht cannot be maintained, all the remaining US$13 billion foreign exchange reserves in ZF were ruined.

Therefore, the high-level authorities issued an order to stop the rescue of the market. Although this will definitely cause the market to collapse, it can maintain at least US$13 billion in foreign exchange reserves. After this storm has passed, Thailand still has the power to start over.

The senior executives had no problem with their considerations, but all the people who promoted to fight were completely finished.

On June 28, Thailand officially announced that the mechanism for linking the Thai baht to the United States would be lifted and the exchange rate of the Thai baht will no longer be restricted.

And this announcement is the announcement that ZF directly gave up.

For a moment, the Thai baht fell wildly, and it dropped from the original 30:1 to 72:1 in one day.

On the 29th, it fell directly to 128:1.

In the end, the entire Thai baht transaction was completely stopped because no one was willing to spend money to buy Thai baht at this time. Instead, the Thai baht stopped the price decline because there was no transaction.

June 29th is a day for everyone to lament, because this day is the day when many financial institutions in Thailand settle.

In other words, so many short orders before must be settled today.

And this is also the day when international airdrops led by Soros are harvested.

Previously, in order to harvest bullets that attacked Thailand's economy, Soros used various real estate projects and even directly used US dollars to borrow more than 300 billion baht from various financial institutions in Thailand as his own bullets.

In the early stage of Soros' continuous market smashing, the more than 300 billion baht, at an average price of about 27:1, were consumed by Thailand's ZF's rescue funds, and in total, it received a profit of about 11 billion US dollars in the market.

On June 29th, because the exchange rate of the Thai baht had plummeted to 130:1, Soros only had to spend US$2.3 billion to buy 325 billion baht in the market, and exchange it with various financial institutions in Thailand to get back the various assets he used as collateral.

In the end, Soros did not spend a penny, but only used the 300 billion baht borrowed from others to exchange for $11 billion.

Although $2.5 billion was returned to financial institutions, the remaining $8.5 billion became the profit of Soros and his Quantum Foundation.

This is how to recover profits by shorting.

Many people understand how to make money by going long, because this is the simplest, buy at a low price and sell at a high price.

However, many people don’t understand how to make money by shorting, and Soros is the best example.

In the exchange rate market, I first exchange US dollars or actual assets for other people's money, and then suppress the exchange rate of this currency. In the end, I only need to use extremely low US dollars to get the same amount of currency, and then return the currency to the lender. The dollar difference during the period is the profit of short selling.

The same is true in the stock market. For example, Agricultural Bank of China will first borrow 10 million shares of Agricultural Bank of China from financial institutions, and agreed to settle the shares in one month and return them.

I first sold all these stocks in the stock market. Assuming each share was 1 yuan, I would get 10 million.

As long as the stock price of Agricultural Bank of China falls during this period, I will only need to spend 5 million to buy 10 million shares of Agricultural Bank of China again. At that time, I will return the 10 million shares of shares to the securities company, and at most I will pay hundreds of thousands of interest, and I will be able to make a net profit of more than 4 million.

In short, the 18 billion US dollars used by Thailand ZF to save the market, as well as the funds used by many small and medium-sized investment institutions and retail investors to speculate in currency, combined with about 30 billion US dollars, and all of them were eaten by Soros and international short sellers.

They shared the 30 billion US dollars together and made a lot of money, but the bad luck was the ZF and the people of Thailand.

Thailand's foreign exchange reserves have lost more than half, while the Thai people are even more pitiful. Their currency has shrunk to the original level in less than a month.

And this is not the end, it is just the beginning. Although Soros and others left, the confidence of the Thai baht cannot be restored. The Thai baht that has lost its confidence can only become garbage. The exchange rate will continue to fall in the future, and it is normal for it to fall to 200:1.

In the end, the assets of all ordinary people in Thailand will shrink by more than 8 times and GDP will also shrink by 8 times. The achievements of economic development that the Thai people have worked hard for twenty or thirty years will be plundered overnight.

And Thailand, which had already embarked on the path of a middle-developed country, will become a poor country again.

This is true. After 1997, Thailand's most developed industry changed from industry to service industry, to tourism industry led by shemale.

Ordinary people completely lose the means of making a living. Whether men or women, they can only rely on showing off their butts and earn a little pitiful money from foreigners.

There is a saying that Fusang was taken away for 10 years, but in fact, under the operation of so-called financial tycoons such as Soros, Thailand has lost not 10 years, but a whole number of generations, as well as the foundation and confidence for the development of a country.

If Thailand wants to rise again, it will have to wait at least 50 years. In these 50 years, most Thai people will have to live a pitiful life that is worse than a chicken.

But what about Soros?

He is still a financial tycoon and is respected by many people as the godfather, financial myth, the greatest person in the world, and so on. Anyway, all kinds of titles can be worn on his head, especially the Chinese, who sought him so much, just like a myth.

Little do they know that because of this financial tycoon, millions of people in Thailand live in poverty, and their savings throughout their lives were plundered by him.

There are thousands of people who die directly or indirectly at his hands. This is a fierce executioner, a speculator, and the crime he committed is enough for him to live in hell for ten thousand years.

Of course, some people may say that this is finance, and there is nothing right or wrong here. As long as you participate in the financial game, you will have to bear your own profits and losses.

I heard that this sentence seems to be correct. Since you choose to join this game, you must be prepared to be cut off.

But how innocent are those ordinary people in Thailand?

They have never even heard of the word finance. What they do throughout their lives is to dig food from the soil, and exchange their mood and sweat for a little pitiful baht.

As a result, these Thai bahts instantly depreciated eight times because Soros's finance without good and evil. Did these farmers participate in finance?

Of course, it is useless to say that these are just that some people do bad things, so they don’t think about carrying good reputations on their backs. They have to bear the condemnation of history, otherwise this is really disgusting.