Please make money.
Page 342
With trembling hands, he picked up the calculator and pressed several buttons, then showed a sad expression.
"But we have to invest at least 60% of our foreign exchange reserves..."
Prime Minister Prayut does not understand economics, and it took him a while to understand what the other party had done.
Simply put, the other party borrows money from the bank, then creates panic about the devaluation of the Thai baht in the market, and then exchanges the Thai baht into foreign currency.
When the Thai baht depreciates, the other party will use foreign currency to purchase Thai baht from the market and return it to the bank.
Assuming the previous exchange rate of Thai baht, the money they lent was worth 10 billion US dollars, but after the depreciation it was only worth 5 billion.
Then after paying it back, the account will be balanced, and the 5 billion difference in depreciation will be earned by them.
Once this kind of thing is done on a large scale, one can imagine what the consequences will be for the Thai baht.
"Add interest! Add a hundred times the interest! Don't let them borrow!"
"It's no use adding more. They've borrowed too much."
"How much did you borrow?"
"According to the current fixed exchange rate, it is approximately equivalent to 32.2 billion US dollars..."
"……How many?!!"
"32.2 billion, six hours. If all this money were thrown into the market, it would cause—"
"More than 30 billion! Can't she just give it to me? Just because of a letter?!"
Prime Minister Prayut was shocked and angry, and interrupted the bank chairman.
Then everyone was confused: "Xincai? Who is Xincai?"
Who is that big shot? Is there such a powerful person in Siam? Worth tens of billions of dollars?
Just when everyone was racking their brains to think about which internationally renowned financial tycoon or celebrity this was, the prime minister mentioned the Old Buddhist Temple.
The result was that several of Siam's most powerful people looked at each other in bewilderment, as if a toilet bowl had been placed on their heads.
It seems that they really don't know each other, that is, when they start drinking, the other party has to be the one who stands and toasts them at the beginning.
It doesn't matter if we take turns to clink glasses, we just sit together...
But when it comes to the Old Buddha Temple, they still have some impression of it.
A gang that does dirty work, just like the name of the society in Bauhinia.
But can you put this style together?
International hot money worth hundreds of billions of dollars made tens of billions of profits in just a few hours, and was about to cause market panic.
The purpose was actually to get a big gangster - Sorokin rushed to the Bauhinia territory just for a Causeway Bay Chen Haonan, right?
Believe it or not, the angry shareholders didn’t even care about Ding Hai anymore. They paid one dollar each to hire a knifeman to chop down Brother Haonan directly!
"Why—why?"
The bank president was as confused as if he had just been born, and asked again: "Why?"
"You ask me, who should I ask? She barged in like a ghost, put a knife to my neck, and then told me to investigate Xin Sue thoroughly, arrest him and hang him!"
These things were difficult to talk about before, mainly because I didn’t know where the other party came from.
If he is a lucky madman, will he still have the dignity of a prime minister?
Now that I realize he is a big shot, and a big shot who is coming to visit me formally, and I have to go to the airport to pick him up and wait for him to come down, I don’t have any psychological pressure anymore.
Half an hour later, the Siamese officials finally figured out a not-quite-logical logic.
Xin Guess, the master of the Lao Fo Temple, the toilet of the royalists - well, it can be considered their toilet.
He must have offended someone before, so when the other party called his parents, they called parents who shouldn't be there at this level.
"So who is it?"
"There was a conflict at the Dongwen Hotel today. I heard that guns were used...International-level security personnel."
"why?"
"do not know."
"Where is Xin Guess?"
"……do not know."
“The old Buddhist temple was burned down. Was it them who did it?”
"..."
"do not know either?"
"No, I'm not sure... I may need to check again..."
Prime Minister Prayut's temples were throbbing, his blood vessels seemed to be about to explode, and he didn't know this or that.
You can't do anything and not die, it's hard for me too!!
He suppressed his anger with great difficulty: "Have you contacted the king?"
"The king didn't answer our calls. The eldest princess had a heart attack. It was said that a security guard used a blowgun to inject her with a special drug."
"What does this have to do with not answering our calls? I-wait, security?!"
Who provides the royal family's security? Isn't it the military?
The prime minister blinked and sat down in a trance. In an instant, he felt the deep pressure from all directions collapse like a tide.
Is it possible that he was the one who went insane and first ordered the attack on the princess, hoping to give the royalists a little shock by showing them that they had turned the tables?
Secondly, they arranged for Xin Cai to stir up trouble, which caused backlash from international hot money and financial speculators, resulting in an almost inevitable market panic in the future.
In the end, the Thai baht was shorted, the king's assets shrank significantly, the people were miserable, and they complained about the royal family who took the blame.
The royalists have lost their core pillar for the future, and their ability to act has been greatly reduced - you can't expect the mentally retarded prince to take the lead, right?
He could take advantage of the situation and overthrow the king in one fell swoop. Even if he could not usurp the throne, at least establishing a cabinet dominated by the military would not be a problem.
"Why is Xinchai able to do this?" He looked at the assistant beside him: "Who did he offend? Is this reasonable?"
The assistant shook his head obediently, meaning, is it possible that Xin Guess was just an insignificant excuse?
No one knows where he is, maybe he ran away...
Reasonableness and the like - there is not so much logic in the real world, this is not a novel.
"Let's go to the hospital first...Yes, let's go to the hospital first."
The prime minister sorted out his thoughts and decided to stand up and meet the king in person.
It is not that easy to bring down the royal family. Rama X is no longer capable of doing his job, but his sister is still there.
As long as Princess Sirindhorn is still alive, the royal family's reputation will remain and the people will still be willing to recognize the royal family's status.
"Also - prepare a dinner and invite the guests from the hotel."
"Which hotel guest?"
"...Ask again!"
"..."
……
……
"banquet?"
Alia shook open the invitation with one hand: "It's a royal banquet - what's going on?"
"It is said that a lot of foreign capital was invited to come over, which may be related to the previous actions of international hot money and financial speculators."
Prime Minister Lei, who had been offline for several episodes, appeared and sat opposite Alia, unpacking a salt-baked lobster as long as his arm.
"International hot money? Shorting the Thai baht?"
"Well, someone started taking action this morning. The action was very large. All the banks in Siam were almost emptied out."
"Why are you suddenly doing this now? It's so unreasonable. Didn't you say before that you would do it after the APEC meeting?"
"Who knows? Maybe someone took the lead. I heard that the first one to take action was the Rothschild Foundation."
"It's about the currency war in street literature, right? The Rothschilds and Rockefellers control the world together. Is there also a Freemasonry?"
Although Rothschild did become synonymous with money and wealth in Europe in the 19th century, it does not mean that it still has such a great influence now.
In China, Rothschild has a pseudonym called China Oceanwide Fund, whose current size seems to be only over 10 billion.
In the previous close combat, the most advanced business warfare technique used was to steal the opponent's business negotiation documents, and then he was caught red-handed.
That is to say, we cannot underestimate these old forces, but we also cannot exaggerate them like the history of currency wars.
As long as Britain is still there, the Luo family is still there - but does Britain still exist now?
Oh, the lobster...
Alia peeled a lobster and felt a little resentful that the other party had severely disrupted her plans.
Compared with the capital turmoil in Siam as a whole and the shorting of the Thai baht, Xin Guess's matter is simply insignificant.
Under such circumstances, the King of Thailand would have no time to discuss such a small business with her. He was probably busy cleaning up the mess.
Of course, if the King of Thailand himself is shameless, it would not be a big mess - he can also reap the wealth of Siam together with foreign capital.
In the end, it is only the people who suffer anyway. It might be easier for him to exchange Thai baht and empty the banks than to use foreign capital, which is like transferring money from one hand to the other.
"What a mess. What's this? What's this about Deus Ex Machina? My movie is about to fail before it even gets started."
"What is Deus Ex Machina?"
"nothing."
"What theater version?"
"Ahem...it's nothing. Mr. Lei, are you going to leave too?"
"Well, everyone has started to work. If we don't go, we won't be able to eat meat."
"Is there any way to take a bite of international hot money?"
"Unless they cooperate with Siamese banks, they will prohibit foreign capital from borrowing, increase the financial costs of these speculators, and then rely on foreign exchange reserves to support them."
"Can you make it?"
"I don't think so, and Siam doesn't have full control over the bank."
Besides banks, there are other channels for borrowing.
There are so many channels to buy Thai baht. If the banks don’t lend, will local companies lend it?
Will small and medium-sized businesses borrow money? Even wealthy individuals on the black market will try to get a bargain.
When something is getting hot, even the cleaning lady will join in excitedly and never get tired of it.
Isn't that what the book was about in the beginning? Who would still engage in industry? The local manufacturing industry gets money from banks and invests it in the secondary market.
The profit from one month of speculation is equivalent to the profit from two years of industry. This temptation is almost irresistible once you are in it.
Mr. Lei has calculated the scale of international hot money. According to the current group of speculators, it will only take them three months at most to bring down the Thai baht.
The international market has already heard the news of the depreciation of the Thai baht, and the stock market, futures market and foreign exchange market have all responded by voting with their feet.
The only thing that puzzled him was that the international hot money was too intense this time. It didn't seem like it was for making money, but rather it seemed like it was to ruin the place...
However, this fierce competition also has its advantages, that is, many international investors will quickly follow up to avoid missing out on a share of the pie.
He took a sip of tea and expressed pessimism about Siam's fate: "When Siam's foreign exchange reserves can no longer hold up, it will definitely announce that it will abandon the fixed exchange rate. At that time, there will be a real market panic. If the Thai baht depreciates at that time, international hot money can probably make 50% profit."
In other words, the international hot money borrowed 10 billion Thai baht from the bank, and the final cost of paying it back was only about 5 billion.
The 5 billion yuan price difference is a real loss.
The more you borrow, the more you earn. If you can borrow 100 billion, you can earn 50 billion. If you borrow 1 trillion - oh, Siam doesn't have that much money.
“Why were they able to borrow money from banks on such a large scale?”
"This depends on Siam's financial strategy. They probably thought that foreign capital borrowed money to invest in the economy."
Alia found that she seemed to have discussed this topic with Prime Minister Lei before, and the final answer was that Siam was ordinary but confident.
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