The rise of heroes begins with Hong Kong movies

"Praise."

Tsavali Yongchai looked at the governor of the Central Bank of Thailand and asked:"Have you contacted the Huo Group again? What did they say? Are they willing to agree to our conditions and stop sniping? Song

En Kapao shook his head, with a bitter look on his face, and said,"I want to contact Huo Wenyao and talk to him directly, but the people below are not willing to help at all.""

"They said this was Mr. Huo's decision and it was useless for anyone to come, let alone them."

"I tried many methods and finally persuaded them to help send a message, but Huo Wenyao still disappeared. Not only did he disappear, he even refused to call me!"

"He just ordered someone to send a message, telling me that this was just a business, and that if I did something wrong, I would be punished."

"He also said that the financial crisis is both a crisis and an opportunity. As long as we can face it head-on and make up for the loopholes in the financial system, it will be a great thing for our country’s financial system.——" boom!!

Without waiting for Song En Kapao to say anything, Chavali Yongchai was like an enraged lion, slamming the table and roaring angrily.

"Damn it!"

"Huo Wenyao, who does he think he is? This is Taiguo, our country, our territory, and the Huo family is plundering the wealth that our country has accumulated over the years!"

"A good thing?"

"Let his good deeds go to hell. If he makes a mistake, he should indeed be punished, but damn, this time our country will lose more than 100 billion in this financial crisis!"

"This hundred billion is not Thai baht, but US dollars!"

"Dollar!!"

"What kind of mistake would cost at least $100 billion?!

Chavali stared angrily, roared repeatedly, and said:"Damn it!" Damn it! Damn it!! These financial thieves are all in the same boat!"

"Birds of a feather!!"

"These hateful modern bandits should all be hanged on the gallows!"

There was a dead silence in the conference room, and no one answered.

Everyone's face was solemn.

After venting hysteria for a while, Chavali Yongchai seemed to have all his strength and spirit taken away in an instant, and sat back slumped, saying:"That's it. Say, there is nothing we can do now? Song En Kapao said:"

Yes, yes.""

Tsawali Yongchai asked:"How much foreign exchange reserves do we still have now?"

Song En Capao immediately said:"12 billion U.S. dollars."

"We can't waste it like this anymore. We can't waste it like this anymore.……"

Chavali Yongchai shook his head and murmured.

He has made up his mind!

……

……

Sixty minutes later, just before the securities market opened today, the Taiguo government held an impromptu press conference.

Although the meeting was held temporarily, the scale was not small at all.

Major media from all over the world, as long as there are reporters stationed in BangkokYes, everyone was notified and rushed to the scene.

At this press conference, the Taiguo government announced an important decision.

In view of the current situation, they have to abandon the exchange rate system of the Thai baht pegged to the US dollar that they have insisted on for 14 years. Starting today, they will officially implement a floating exchange rate system! what does that mean?

This means that all actions taken by the Taiguo government to intervene in the foreign exchange market have failed.

This means they are surrendering with a white flag!

This means that the guys who were short the Thai baht completely defeated the Taiguo government in just one day and won the final victory!

In real history, Soros took action for the third time in mid-June this year, and the Taiguo government held on for more than ten days before being forced to announce the incident at the end of June.

But now, due to Huo Wenyao's intervention, things have changed dramatically again. one day!!

Faced with Huo Wenyao's menacing attack, the Taiguo government only held on for one day before deciding to surrender.

Actually, that's right.

At this time, it is even more important for us to cut off our strength and stop fighting. Otherwise, we will follow in the footsteps of Britain in 1992 and spend all our foreign exchange reserves. However, what should be a failure will still be a failure.

For the Taiguo government, at least they still have US$12 billion in foreign exchange reserves that have not been used.

This can do a lot of things, and it can be considered a blessing in misfortune.

For the Taiguo government, it was a blessing in disguise.

……

……

"Boom!!"

This order from the Taiguo government came too suddenly. To the whole world, it was like a bolt from the blue.

This, this...are you giving in?

The fight has just begun!

Singapore, Indonesia, and the Philippines Southeast Asian countries such as China and Malay were both surprised and angry.

They all took action in this sniper attack. Although they could not be said to have used all their strength, they could be regarded as trying their best. However, Taiguo was better off and surrendered before anything happened. Betrayal!

This is an absolute betrayal!

What’s worse is that after the international investment institutions such as Huo Wenyao, Soros, and Li Zhaotian have harvested the Thai baht, they will immediately target these countries!

So.

After the Taiguo government announced this matter , several other countries in Southeast Asia immediately contacted the Taiguo government, strongly condemned their behavior of surrendering without a fight, and asked them to withdraw their orders!

Unfortunately, how can the water thrown out be recovered?

Most importantly, Taiguo The government doesn’t want to take it!

So far, the world has started from May 29, 1997, when the Thai baht government announced that the Thai baht would immediately implement a floating exchange rate system. The financial crisis sweeping Asia officially broke out!

For these countries, it was a financial crisis, but For the international hot money shorting these countries, it is a gluttonous feast that has been rare in decades!

Harvest, harvest!

On May 29, after the securities market opens, there is no need for those who are shorting the Thai baht. International hot money took action, and all those who held Thai baht were selling the baht crazily.

The whole market went crazy, avoiding the baht like avoiding snakes and scorpions!

On this day, the exchange rate of the baht against the US dollar plummeted from 30.12:1 to 34.26:1!

Depreciation again 13.75%!

Today plus yesterday, in just two days, the Thai baht has depreciated by 28%, nearly 30%!

And this is still not the lowest!

……

……

In the next ten days or so, Huo Wenyao frantically sold the Thai baht short position held by Huo while choosing the right opportunity to buy Thai baht to cover his position.

This time, Soros, Andrew and others did not fall behind and were doing the same thing.

The Asian financial crisis has broken out, and next is the Indonesian rupiah, Singaporean dollar, Malay ringgit, Philippine peso, and a lot of short selling, waiting for them!