Thailand also asked Hua Xia for help, and Hua Xia replied to Thailand's Ministry of Foreign Affairs. "We are helping you to contact the International Monetary Fund. We hope this organization will arrange for us to provide assistance to you through bilateral channels. This includes emergency food, medicine, and other assistance, as well as export credit and other assistance. "
This reply seemed to be very nice, expressing an attitude of helping, but in reality, it was too late.
If you want to help, just help. Why do you need to look for the International Monetary Fund? In theory, this organization promotes international monetary cooperation and financial cooperation. When necessary, it can provide assistance to countries that are in serious economic difficulties. But we are also one of the member countries. We can do this kind of thing ourselves.
If the International Monetary Fund can help us, why do we need to look for Hua Xia? Chavalit is furious, but he has no other choice. He had gone to borrow money from all the countries in Southeast Asia, and he managed to raise 15 billion USD. But it's not easy to get the money in one go.
Which region in Southeast Asia has enough foreign reserves? Hua Xia, Taiwan, Hong Kong, and Japan. Japan rejected Chavalit's offer, and Taiwan did not reply. Hong Kong said they need to think about it, and Hua Xia is the only one who agreed to Chavalit's offer.
Also, Hua Xia has someone who is the Executive Director of the organization, and their efficiency is much higher than them. They still need to thank Hua Xia.
Soros starts to worry. If Hua Xia really intervenes, he will have to leave immediately. Hua Xia has more than 100 billion USD in foreign reserves, and Hong Kong has almost 100 billion USD. If Taiwan cooperates with them, Soros's funds will be wasted.
Luckily, Feng Yu called Soros to inform him that he had settled Hua Xia's government and the Hong Kong Government. These two parties will not interfere and will only provide some aid to Thailand to let Soros dump Thai Baht.
Of course, this is also a threat. Feng Yu is implying that he can go back on his word and make Soros lose a large sum of money.
If Soros wants to make money, he must increase his investments and suppress Thai Baht. He can't continue to hide his strength. On the other hand, Feng Yu can sit back and watch the money flow into his pockets.
"Boss, can we trust Feng?" Drucken Miller asked.
"I'd rather believe it than not. Tell them to keep an eye on Feng's funds. If he tries to scam us, drag him down with us! "Soros said fiercely.
He was a successful man, but he was also somewhat conceited. He had never felt so aggrieved. He had been threatened in the financial industry, which he was most proud of.
In his heart, he knew Feng Yu does not have the authority to make Hua Xia and Hong Kong listen to Feng Yu. If Hua Xia and Hong Kong join in now, it will affect their economies. Their relationship with Thailand is not so good!
Moreover, once Hua Xia and Hong Kong joined in, it would give other countries an opportunity to take advantage of them. They would also be condemned and interfered by international financial institutions.
But even if there is a 1% chance, Soros is not willing to take the risk. Furthermore, he has the ability to reap the fruits of Thailand's victory, even without Feng Yu.
But this way, Feng Yu does not need to continue investing, and he can continue to short Thai Baht. Soros might invest three to four times more than Feng Yu, but he will only make one time as much as Feng Yu.
Soros had always been the one making the most out of his investments. Since when did others make more money than him?
Hmph! I will let you be complacent in Thailand for now. After Thailand's economy collapses, the rest of the countries' economies will be affected. At that time, I can pretend to attack Hong Kong and hold back Feng Yu!
"Boss, are we going to dump the Thai Baht we prepared in Tokyo now?"
"Yes. It's the final showdown with Thailand!" Soros snubbed his cigar in the ashtray!
… …
"General, a large amount of Thai Baht is being dumped in Tokyo again. This is too sudden, and we are not prepared for it." Thailand's Finance Minister reported.
Bam! Chavalit smashed his teacup on the floor. "What did I ask you to do if we are not prepared? You are the Finance Minister, and you did not expect this? I think you are worse than Bassoon! "
The Finance Minister felt wronged. I am not as good as that idiot Bassoon? I had used my methods to defeat Soros twice. I kept saying that the bank's management is lax, and you are the one who believed in Bassoon and ignored my opinions.
What's the meaning of this? It's all my fault?
"What's wrong? You are still not convinced? I will give you a chance to resign. Don't make me fire you! "Chavalit roared.
The Finance Minister almost fainted. I am resigning? Does this mean I will be the scapegoat? I didn't want to see this happen either. I'm definitely responsible for it, but I can't blame it all on me!
But thinking about Chavalit's identity, not only is he the Prime Minister, but he is also a General. There is always a gun in his office drawer. Those who were executed by Chavalit in anger are not just officials.
The Finance Minister nodded angrily and agreed to let him be the scapegoat.
"I am sorry. Our country's economy is in trouble, and the Finance Minister does not have enough money to save it. As Thailand's Finance Minister, I am to blame for this. But our General Chavalit had borrowed a large sum of USD and will surely defeat those international speculators. Our country's finance and economy will return to the right track! I hereby announce my resignation as the Finance Minister … "
The Finance Minister looked at the camera and read the press release he prepared last night listlessly. He took all the blame and still wants to praise Chavalit.
What's there to praise about Chavalit? It was under his leadership that Thailand's economy started to go downhill, and the deficit had been increasing year after year!
If the Cabinet had noticed this crisis earlier and thought of countermeasures, today's situation will not be like this.
In the end, the Finance Minister turned around and left in tears, leaving the Thai people with a lonely back view.
Feng Yu and Soros were excited when they saw this news. This is a bad move!
The Finance Minister's resignation will not save the Thai people's confidence. In fact, it will worsen the crisis. Not only the Thai people will lose confidence in the Thai government, but those foreign investors will also stop trying to make money. They will start to buy USD to hedge their Forex exposure.
Some speculators will start to short Thai Baht. Not only will they stop their losses, but they might also make high profits.
Chavalit thought the 15 billion USD he had borrowed will be enough to last until Hua Xia supports Thailand. He thought after Hong Kong's return, Hua Xia will use Hong Kong to support Thailand. But now, it seems … Hua Xia will not last until then.
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