That night, Thai Baht rates returned to 25.4: 1. Bassoon is pleased with himself and decided to pull the rates back to at least 25: 1 tomorrow. This rate is within the normal range, but he felt it is not enough. Soros and his men will not suffer any losses at this rate, and it will be better if they can pull the rates higher.
Feng Yu looked at the final price and smiled. It was this slight fluctuation that would not alert the other party and cause them to fall into their trap.
The Thai Government will not expect this to happen.
"Thank you all for your hard work today. Other than those on duty, the rest should go home. I will make it clear that no one is allowed to drink alcohol for the next two weeks, and no one is allowed to take leave unless something serious happens. Also, no one is allowed to tell anyone about our investment. "
When Feng Yu said this, he glanced at everyone in the room. Feng Yu had spent a lot of effort to plant a person into Soros's side. This person had been planted into Soros's side last year.
Feng Yu suspects some of his agents were bribed by Soros. Feng Yu must be careful not to fall into Soros's trap. No one in the company knows about Soros's hidden funds. Professor Liang knows about it, but he will not expose it.
Kirilenko also knows about this, but this is related to a large sum of money, and he is more careful than Feng Yu.
But Feng Yu is not good at observing expressions. He might have guessed wrongly, or the other party might have acted well. Anyway, Feng Yu did not notice anything wrong.
Feng Yu is most worried about those people he brought back from New York. These people's families are not in Hong Kong, and when they return to the US, Soros will protect them and should not be afraid of Feng Yu. On the other hand, Feng Yu is more at ease with the agents in Hong Kong. Their families are all in Hong Kong, and even before Feng Yu's rebirth, there are still associations in Hong Kong.
Which influential family dares to say they do not have connections with associations? These agents might be greedy, but they do not dare to be greedy for Feng Yu's money.
The next day, Feng Yu asked He Zhaoji and the rest to dump some of Thailand's stocks. Yesterday's stock market had fallen slightly, and today's dumping caused the stock market to crash. Within an hour, it had fallen by 3%.
Feng Yu had invested a lot in stock index futures. Every time Thailand's stock index falls by 1 point, he will make 5 million USD. If it falls by 100 points, he will make 500 million USD.
Of course, it might seem like a lot of money, but Feng Yu had invested a lot too. Just the losses from selling his shares was not a small amount.
Feng Yu had dumped a large number of shares in a hurry. But the Thai Government reacted quickly and announced all sorts of good news to attract the individual investors to help push up the share prices, especially the constituent shares.
At this time, Soros and his men's backup plan appeared. Negative news about the Thai Government started spreading. The Thai Government had insufficient foreign reserves and only has a few billion USD. Thai Baht will depreciate by more than 50%, and the stock market will fall below 500 points!
This news was shocking, and many people felt it was fake. How can the Thai Government's foreign reserves be only a few billion USD? Also, how can the stock market fall below 500 points? Now, Thailand still has more than 1,000 points.
Not long ago, the stock market had fallen, but it had recovered. The person who spread this rumor is childish and ridiculous.
But there are still some people who believe this rumor, and they started to dump their shares. This caused the stock market, which had recovered, to plunge again.
As the stock market plunges, some people felt this rumor is true. That means the news about Thai Baht's foreign reserves might also be true.
So, the foreign investors who had returned to Thailand during this period start to withdraw. This withdrawal is more thorough than the previous time. Some companies even sell their companies and factories cheaply to leave with USD. They felt if this carries on, Thai Baht's value will plummet, and Thailand's economy will collapse!
But some people don't believe this rumor. They felt it was just a rumor. Bassoon was one of them. How could there be a fool who would believe such fake news that couldn't be any more fake?
But this method is easy to deal with. Bassoon can just appear tomorrow to refute this rumor. Will the investors believe this fake news, or will they believe him, a "financial expert" who had defeated many international speculators?
But Bassoon does not know that Feng Yu and his men want these rumors to scare the investors away. If not, the Thai Government might introduce some extreme measures.
Also, if the Thai Government collapses within two to three days, it will not affect the rest of the countries in Southeast Asia. If they don't drag those countries down, how can Feng Yu and his men make money?
Watching Thailand's news on TV, Bassoon spoke with fervor and assurance. He still looked confident, but there was a hint of pride on his face.
Although it was too absolute to say that an arrogant soldier would be defeated, an overly arrogant person would have a much higher chance of making mistakes.
Thai Baht's rate is still fluctuating, but the stock market starts to fall slowly. It seems like the stock market cannot be pulled up anymore.
"Old He, dump 5% more shares today to stimulate them." Feng Yu instructed.
He Zhaoji left to instruct the rest.
Feng Yu opened a can of Qi Li and drank half of it. Everything is going according to their plan, and there are no accidents.
Even if there are any accidents, they are not afraid as they have a full set of countermeasures. Feng Yu and his men had considered all possible scenarios and can counterattack at any time.
Maybe Feng Yu and his men had overestimated the Thai Government. The measures they were worried about did not happen, and the Thai Government did not buy Thai Baht. They are still in a stalemate with them.
Previously, Soros and his men did not dare to go against the Thai Government because they do not have enough funds. But now, they have more funds, and they want this stalemate.
Unknowingly, the Thai Government had invested more than 10 billion USD in their foreign reserves. Bassoon knew Soros and his men had suffered some losses last time, and if they dare to come again, they must have prepared more funds. That's why he did not feel anything was wrong.
Bassoon even felt the longer the stalemate drags on, the more Soros will lose. If he fails, he will be in a worse state.
Both sides had formed a strange tacit understanding. None of them wants to stall the other party, and both believe they can win.
But there is a big problem. Feng Yu and Soros know Thailand's strength, but the Thai Government does not know Feng Yu and his men's real strength.
Bassoon and his men thought their measures were effective and can deal a fatal blow to Soros at any time. But they did not notice Soros's foreign reserves are slowly being depleted.
When Soros's foreign reserves are depleted, the Thai Government will collapse, and the Asian Financial Crisis will start!
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