The Rebirth of the Financial Hegemon

Chapter 47 The rolling tide under the general trend

Singapore.

Jushi Capital Trading Division.

Liu Qiang took the phone and started to stay.

Boss, we're on strike again.

After understanding the meaning of this message, Liu Qiang became as dizzy as George King.

"Waiting for the news from George King, after the news comes, I want you to completely destroy the Thai baht within three days, and you must destroy the Bank of Thailand in the shortest possible time."

When he thought of these words, Liu Qiang's scalp went numb like an ant on a hot pot.

What to do if something unexpected happens!

What if Thailand counterattacks strongly?

What if I can’t do it!

Liu Qiang started to panic.

After confirming from George King that his boss was on strike again, Liu Qiang panicked as if he had lost his backbone.

Can I complete such an important task?

I can!

I can not......

Destroy the Thai baht and destroy the Bank of Thailand.

This is an attack on a sovereign country.

The huge psychological pressure made Liu Qiang helpless.

He always thought that he was capable of competing at any level.

But when things came to a head, he realized that he might not be able to do it.

In a competition for a country's currency, the entire country's think tank team has to face it.

Behind the Bank of Thailand, there are the top professional talents in Thailand’s finance.

The market is full of uncertainties.

Once Thailand organizes a strong counterattack strategy, no one knows what will happen.

In the past, every attack of Jushi Capital was completed by Liu Qiang.

However, behind the tactical actions, there is always a complete strategic deployment and offensive and retreat strategy.

But this time.

Nothing at all.

There is no help that can be sought when encountering problems, no orders that can be obtained in case of accidents, and there is no optimizing pillar like a needle that fixes the sea.

boss.

what do I do!

"Liu, are you listening?"

Under George King's questioning, Liu Qiang couldn't help but clenched his fists to calm his panic.

I can.

I can do it.

Excitement and nervousness made Liu Qiang's hands tremble slightly.

"Huhuhu..."

After taking a few deep breaths, Liu Qiang's heartbeat gradually calmed down.

he asked.

"George. Did the boss tell you anything else?"

"Liu, I'm sorry. There is nothing more than letting me inform you. But don't worry, I will cooperate with you at any time."

"I know. But what if an accident happens..."

"Liu. Are you nervous?"

"George, you are attacking a country. Aren't you nervous at all?"

"Oh, you don't need to be nervous at all. Let me tell you a story. I used to be nervous every time before I faced a test question. I was so nervous that my stomach hurt. I was nervous when I was studying, and I was nervous about job interviews. But then I was not nervous anymore, because I I found that being nervous didn’t help at all and served no purpose except making things worse.”

Liu Qiang was silent.

After coming here for a moment, he spoke.

"George, thank you!"

"No need to thank me. Liu, prepare for the most important test in your life, come on!"

"..."

...

Southeast Asia Economic Weekly is a newspaper company affiliated with American News Corporation.

Due to its professional and rational analytical attitude in finance and economics, the weekly has high praise in Southeast Asian countries.

February 15th.

It’s the day Southeast Asia Weekly comes out.

"The Impact of the Fed's Interest Rate Cuts on Emerging Markets"

Since the second half of last year, the Federal Reserve has cut interest rates by a total of one percent basis point.

Stimulated by interest rate cuts, the U.S. economy began to recover.

The U.S. stock market is on a new high, and the real estate industry has also begun to stabilize and move upward.

According to the latest statistics, the U.S. house price index rose by 0.69 basis points.

The U.S. dollar has also climbed all the way to 97.389 from the lowest point of 77.285 the year before last.

As the U.S. dollar continues to strengthen, large-scale hot money flows into the United States.

But this will inevitably put great pressure on emerging market countries.

The US dollar rose again after a short-term correction, and the national currencies of various countries were under pressure. The Japanese yen fell nearly 1.5% during the session yesterday.

As Asia's largest economic system, the decline of the yen is bound to transfer pressure to other countries in the Asian region.

Because Japan's industry, electronics, and automobile manufacturing are very competitive in Asia and even the world.

With the yen weakening, Japanese products will quickly occupy more markets.

Therefore, in the face of the weakening of the yen, the trade balance of many countries will tilt again, and it will also put the national currencies of emerging market countries under tremendous pressure.

Take Thailand for example.

During the US dollar's consolidation phase in the first half of the month, the Thai baht rebounded by nearly 10%.

But after the dollar correction ends, the Thai baht is likely to remain overvalued.

Thailand's main debt is to Japan.

With the weakening of the yen, Japanese consortiums and commercial banks are bound to reduce overseas capital investment, which is particularly detrimental to Thailand, which absorbs overseas capital for development.

According to sources.

Toyota Motor, Sumitomo Rubber Company, and Suzuki Motor Company under the Japanese Mitsui Group will completely withdraw their investment from Thailand.

This is no less than a heavy blow to Thailand, which has just begun to stabilize.

An executive at Sumitomo Bank, who did not want to be named, said that in order to prevent Sumitomo from suffering greater losses in Thailand, it will stop extending credit lines to Thailand and hopes to recover the 30 billion yen credit loan to Thailand as soon as possible.

Based on Thailand's current overseas liabilities, once all aspects of credit loans are contracted, the Thai baht will face greater pressure.

"Hong Kong Telecommunications" was founded in 1956 and was acquired by Star Media in 1995.

This telecommunications news has a wide audience in Hong Kong.

News from Thailand.

Due to the corruption scandal of former Prime Minister Chavalid, Chavalit officially resigned a week ago under pressure.

The new Thai Prime Minister Seni Pramok will take office in a week.

Sean Bummer is a Democrat.

People from all walks of life in Thailand have different views on Seni Bamo's appointment.

Famous Thai economist Prawang Kenrai said.

Sean Bummer knows nothing about economics, and his successor only represents the interests of the Democratic Party.

Thailand now needs a prime minister who is proficient in economics and finance, but it is difficult for Seni Pramo to be qualified for the current position of prime minister after serving in the civilian government.

The Free Thai Movement also organized a large-scale protest.

Protests against the Prime Minister's election were conducted behind closed doors.

said the leader of the Free Thai Movement.

During the current prime minister election, he received multiple letters indicating that the election of Thani Bamo only represented the interests of the democratic parties.

He called on Thailand to hold new elections openly.

Bangkok.

Bank of Thailand headquarters.

In the president's office, Sonny looked at the newspaper on the table with gloomy eyes.

Almost every newspaper, intentionally or unintentionally, reveals something that Thailand has covered up.

What’s even more annoying is that some unscrupulous media directly wrote some groundless things to maliciously damage Thailand’s image.

As the president of a country's central bank, Sonny is keenly aware of the smell of conspiracy.

But there was nothing Sonny could do about it.

The relationship between domestic media organizations is complicated, and the ongoing Chavalit scandal is obviously the result of the struggle between the Democratic Party, the military, and the Free Thai Movement.

As the governor of the central bank, he has no way to intervene.

As for the overseas media, he is not even qualified to intervene.

“These damn things.

What time is it now and are we still engaging in overt and covert fights?

hateful! "

Sonny slammed the table to vent his dissatisfaction.

But eventually, Sonny fell silent again.

Because he knows that no matter how angry he is, he can't change anything.

Under the general trend, even if he is the president of a country, he is just a drop of water in the rolling tide who cannot control himself.

"Today, I, Li Dapao, would rather be criticized by thousands of people than I have to say something.

Thailand is a country composed of tens of millions of people.

Although the Thai baht has an inevitable downward trend based on fundamentals, when it concerns the lives of tens of millions of people, I sincerely call on capital from all walks of life to give the Thai government more time.

It can also give the Thai people more time.

Once the baht falls again, Thailand will become a hell on earth.

Maybe millions of people will be unemployed because of this, and maybe hundreds of thousands of people will not be able to buy daily necessities, so I appeal to everyone not to short the Thai baht...

"

Southeast Asia Economic Channel.

Li Dapao, chief analyst at Jushi Capital, gave the baht a one-star rating after analyzing Thailand's fundamentals.

This is a bearish rating.

However, after Li Dapao gave Thailand and the Thai baht a credit rating, he still called on capital from all walks of life to give Thailand more time to adjust its own problems.

Li Dapao's attitude was very sincere, so sincere that he almost believed it.

Therefore, some people couldn't help but cursed their mother.

Singapore.

Jushi Capital Trading Department.

Liu Qiang looked at Li Dapao who was speaking from the bottom of his heart on the TV and cursed fiercely.

"This guy is really nothing."

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