"Brother Ki, I heard you are learning Mahjong very fast these few days." Feng Yu laughed and asked.
"Hahaha … It's alright. Hua Xia's Chinese Mahjong is very interesting. "Kirilenko laughed maniacally.
Yesterday, Kirilenko's luck was very good. He won a round, and all the futures contracts were settled. Not only did he make up for his losses and interest, he also made some profits. This made Kirilenko in a good mood.
"How about it? Are you interested in playing a few rounds today?" Feng Yu wants to relax.
"Sure. But you must be careful. The Fu brothers had called me the God of Gamblers yesterday!" Kirilenko looked down at Feng Yu. His eyes were filled with arrogance and disdain. It was as if he had already won.
"Hahaha … God of Gamblers? I only like to play a few rounds with the God of Gamblers. "
… …
"Feng, how long are we resting?" Kirilenko asked while playing cards.
"We will wait until Thai Baht returns to around 25: 1 before we enter the market. Now, we are looking at other countries to set up some future Forex contracts. What's wrong? "
"Yes. Our few electronics factories should be installed within these few days. I need to go back and take a look." Kirilenko knows he is useless here as he does not know anything.
Rather than worrying here and not being able to help, he might as well return to China. The earlier the electronics factories start production, the earlier the mobile phones can be produced.
Feng Yu had told him that the new mobile phone model was developed and is waiting for his factories to start production.
"Ok. I promise you will see the results in early July. After that, you will see high profits every month. "
"Hahaha … does that mean we will not be able to finish spending our money even if we do nothing in the future?" Kirilenko laughed.
Feng Yu thought for a while. "Something like that. You can also sell off the shares you invested in. You can sell off the mines, factories, trading companies, and software companies. You can spend the rest of your life spending money."
This time, even if Kirilenko does not earn as much as Feng Yu, Feng Yu can guarantee that Kirilenko will earn more than 2 billion USD within a year. If Kirilenko cashes out all his investments, he will have at least 6 billion USD in assets. Even if he does nothing and keeps the money in the bank, the annual interest is more than what most people can earn in their lifetime. It is enough for Kirilenko to spend for the rest of his life.
Even if Kirilenko took drugs, he wouldn't be able to finish the money!
Unless he was addicted to gambling, that would be the scariest way to squander. Of course, he also needed to find an opponent of the same level.
Everyone chatted as they played mahjong. Feng Yu acted as their translator. Although Kirilenko's pronunciation was not accurate, they could still understand him. After all, it was just a few words.
There was an old saying in the Northeast that the person who was the happiest would usually lose the most. After a few laps today, it was Feng Yu's personal loss.
But Feng Yu still had a smile on his face. Losing this bit of money is nothing. What's important is to kill time. Kirilenko will not be like his father, who almost lost a game of mahjong for 1 USD!
That night, they had a good drink. This time, Feng Yu did not refuse to drink. He accompanied Kirilenko and drank to his heart's content, and he passed out. Of course, he did not drink as much as Kirilenko.
… …
"The Central Bank announced that banks will be prohibited from lending Thai Baht to certain fund companies."
"The government will take out another 5 billion USD from their foreign reserves to buy Thai Baht. They will make those speculators lose everything!"
"The Central Bank announced a new policy. The offshore overnight lending rates will be increased from 10% to 100%."
Feng Yu looked at the Thai news reported by the Hong Kong media and smiled. The Thai Government had finally made a move!
Thai Baht had fallen to 27: 1, and if it continues to fall, Thailand's economy will collapse, starting from its financial crisis. It will not be like now, where the stock market and property market will be affected.
Forbidding banks from lending Thai Baht to certain fund companies is to stop banks from lending Thai Baht to Soros. But the Thai Government can control the local banks, but they cannot control foreign banks.
There are 50 offshore banks, and only 15 of them are in Thailand. Although this will affect Soros and his men, it is not a big deal.
The last two policies will affect Soros and his men.
50 USD of foreign reserves will push up Thai Baht's rate, and Soros and his men's investments will suffer losses. If they want to continue to suppress Thai Baht, they will need to take out more funds. This amount of money is not enough to change the situation.
At the start, the Thai Government had taken out 2 billion USD from their foreign reserves. If Feng Yu had not entered the fray, Soros and his men would have suffered losses.
Even after Feng Yu entered the fray, Soros and his men will still suffer some losses, but it is still within the acceptable range.
The most ruthless thing is the Central Bank's new policy. The offshore lending rates will be increased by 10 times. This is not an ordinary interest adjustment. It is the overnight interest, and it is targeted at Soros's Quantum Fund. This will stop them from dumping Thai Baht.
The interest is 10%, and now, it is 100%. Soros and his men's cost has increased.
But Feng Yu felt this is not enough. 100% is not enough. If it were him, he would increase the overnight interest to 1,000% or even 2,000%. This way, Soros and his men will not be able to borrow Thai Baht to dump. Even if they borrow Thai Baht, they will not be able to repay the interest!
Soros remembered in his previous life, the overnight interest rate had been increased to more than 1,000%. But he does not remember the exact amount. How come it is only 100% now? The Central Bank's actions will not scare Soros.
They do not know Soros's appetite. Soros had set up 15 billion USD Forex contracts a long time ago, and he had used a finance company to set up the contracts. The leverage ratio is higher. Most of Soros's funds are used to suppress Thai Baht.
… …
"Boss, the Thai Government had introduced a series of policies, and all of them are targeting us!" Drucken Miller reported.
"Hmph! I had been waiting for them to do this. We had lowered Thai Baht's rates slightly, and they had used their foreign reserves to pull it back up. We had not received the news in time. This time, even if they use more of their foreign reserves, the news we released will be enough for other foreign investors to follow us. The Thai Government will not be able to stop them. "Soros replied confidently.
"But without Feng and the rest's help, will we run out of funds?" Drucken Miller is worried. After all, they had spread their funds across many countries in Southeast Asia and had set up Forex futures contracts. Although they had used leverage, and the margin they had to pay is not high, they had set up a lot of futures contracts.
The countries and regions they are targeting have all built up futures contracts worth no less than 10 billion USD, and the funds they have to pay are at least 500 million USD!
"We did not include him during our original plan. It doesn't matter if we have him or not. Inform the rest that if the overnight rates increase, we will extend the borrowing period and continue to dump Thai Baht! "
… …
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