The sniping of the Thai baht by international speculators was discovered in February, and the Bank of Thailand withstood that wave. Another wave of shock was made in March, and the Thai central operation used US$2 billion in foreign exchange reserves to withstand it again.

Soros lost about $300 million in these two attacks, and of course some people said he lost $1 billion.

Song Weiyang's Taurus Capital was still manipulating Lenovo's stock price in Hong Kong City at that time, successfully avoiding the investment risks in March. At the end of March, Taurus Capital converted all the Hong Kong dollars into US dollars and began to borrow Thai baht from Thai banks, and at the same time made large amounts of forward short orders of Thai baht.

Next, we will fight with Soros.

This time was just right. It would cost a lot of money to enter the market before the end of March, but it was a loss of opportunity to enter the market in May. Because in May, the Bank of Thailand raised the lending rate by 1,000%. If you want to lend the Thai baht, you will have to spend a lot of money. At the end of May, domestic financial institutions were simply banned from lending Thai baht, which made many speculators who were late to try to sigh.

In order to share the risks, Taurus Capital also took out some money and shorted Thailand's stock index futures. This is also the main way for speculators to follow the trend in Thailand to make money. Anyway, they are shorting all kinds of futures crazy.

Song Weiyang's investment was not much, less than US$25 million, and it turned out to be more than US$61 million.

The trader of Taurus Capital is still very cautious, and Song Weiyang, a time traveler, didn't help much - who remembers the details. This investment and profit were just a very inconspicuous small role in that crazy sniper battle. But it was countless such small roles that helped Soros defeat the Bank of Thailand.

Most ants can bite the elephant to death, not to mention that Thailand is not an elephant, at most it is a donkey.

The donkey has fallen, but it is just the beginning, and countless circling vultures are waiting for a rotten meal.

In Thailand, banks run, stock market plummeted, factories went bankrupt, and property deeds that could not repay loans were equivalent to blank paper. The financial giants on Wall Street greedily seized various debt-depositing assets and bought stocks, land, hotels, buildings, enterprises, and the economic achievements of the Thai people over the past 20 years were eaten up by these financial vultures in one go.

It is also the Thais who are trying to die on their own, and they are too gambled.

Thailand has not learned a lesson in such a big fall, which is quite a bit like a slap. Until more than ten years later, the deposit lending rate of Thai banks reached 96%, and the Bank of Thailand has no margin system. Once a bank run occurs, the entire Thailand's financial system will be paralyzed.

If it weren't too poor for a country like this, Soros would probably have to reap some more waves in the 21st century.

...

The school has been on holiday. Song Weiyang called Chen Tao on the way to the airport and said, "You gather people and prepare to go to Thailand to buy the naming rights of "Zhengda Variety Show".

"How could Zhengda Group change the naming rights for such a famous program "Zhengda Variety Show"?" Chen Tao had no confidence in this.

Song Weiyang smiled and said, "Zhengda Group is already selling supermarkets. As long as it can afford the price, they will definitely sell it."

The Lotus supermarket chain sold by Charoenix Group, which was sold to British people, and renamed "Tesco Lotus". Later, the "Crosco Lotus" that is often seen in China belongs to sister companies and the "Tesco Lotus" internationally. It was born to a mother, but the sister was sold by her mother.

"Then I'll try it." Chen Tao said.

Song Weiyang said: "Look for the translation and go to Thailand after the Taurus Party."

"I understand, what else should I give you? Let's talk about it when you arrive at the Jinniu Hotel. I'll hang up first, there's something going on here." Chen Tao quickly ended the call.

Song Weiyang called Zhu Jialiang, the trustee manager of Taurus Capital, and trader He Guoming, and asked them to switch to the Philippines, Singapore and Malaysia, and finally Indonesia. Although Song Weiyang didn't remember the specific process, he knew that Indonesia was the latest to be injured and the one who died the most miserably.

All international speculators who made profits in Thailand, including Taurus Capital, were crazy, and new institutions continued to join in the middle, freely attacking and starting war at other Southeast Asian countries.

Malaysia is like a piece of paper. It surrendered after only half a month of persistence and was ravaged by international capital on the ground.

As for Port City, it was attacked in late October and has been withstood for nearly a year.

During this year, Hong Kong City was regarded as an ATM by international speculators, and they attacked repeatedly and bite a few pieces of meat each time. If Song Weiyang made black money against his conscience, he could also eat a lot of soup and then bite Soros when the government took action, so that the benefits could be maximized.

Of course, that is impossible. Song Weiyang is not short of money, and even if he lacks money, he will not bother to drink the blood of his compatriots.

Soros probably expanded to his home, and even underestimated the determination of China and the Hong Kong government, thinking that China is as easy to bully as Britain and Thailand.

One month before the decisive battle, the Hong Kong government's foreign exchange reserves were US$96.5 billion, ranking third in the world. Mainland China is approximately US$140 billion, ranking second in the world. Economies with the second and third largest foreign exchange reserves joined forces, and Soros took the lead to win?

The Hong Kong government even used land funds to penetrate the stock market just to stabilize the Hang Seng Index.

At the same time, I would like to thank the Chinese anti-Japanese martyrs. August 15, 1998 was the anniversary of the victory of the War of Resistance Against Japan, which coincided with Saturday, so the Hong Kong government arranged the closing date as Monday. That day coincided with the global stock market crashing, and the Hong Kong city closed just by avoiding the shock wave. When the market opened the next day, the global stock market warmed up again. It was simply thrilling and it was all thanks to the blessing of our ancestors.

Seeing Song Weiyang hung up the phone, Lin Zhuoyun asked, "Can I attend your Taurus gathering?"

Song Weiyang apologized: "Often you don't bring your family members."

"Oh, forget it." Lin Zhuoyun was just a little jealous. She knew that Chen Tao would definitely go.

Song Weiyang comforted: "When I arrive in Rongcheng, I will spend a few more days with you."

Xiao Doudou suddenly lay behind the car window, pointed to the sky in the distance and said, "The plane is so big!"

A plane had just taken off from the airport, and Xiao Doudou was quite excited, as if it was the first time he had seen a plane flying low.

Lin Zhuoyun and Doudou both went home to visit their elders during holidays, but Lin Wanzi couldn't leave and was busy opening a Time Cafe branch.

The taxi driver kept looking at the three people from the rearview mirror. He didn't recognize Song Weiyang, and he couldn't figure out whether Song Weiyang was talking big. He was almost at the airport, and the driver finally couldn't help asking: "This boss wants to buy "Zhengda Variety Show"?"

Song Weiyang smiled and said, "It's not buying "Zhengda Variety Show", it's buying the naming rights of this show."

"It's all the same, it costs a lot of money, right?" the driver asked.

"Not much," said Song Weiyang.

The driver said curiously: "What business does the boss do? I heard you call me just now. It's Thailand, the Philippines, Singapore, and Malaysia. These transactions have been done abroad."

"Do you know Soros?" Song Weiyang said.

"I know, this person is talking about it every day on the radio, and it seems that he has made dozens or tens of billions." The driver said.

Song Weiyang said: "My business abroad is the same as Soros."

The driver suddenly laughed: "You brag so well, I almost believed it."

Song Weiyang asked: "Why do you think I'm bragging?"

The driver said, "If you are traveling with Soros, you will still take my taxi? It must be a special car to pick it up to the airport."

"Well, master, you are so wise." Song Weiyang also laughed.
Chapter completed!