Please enter the main text. "This is your company? There are so many people in such a big place, and it's so noisy. "Feng Xingtai commented after visiting Wind & Rain Consulting.
"Dad, this is to save space. Do you know how expensive Hong Kong's office rental is?!"
"How expensive is it? Can it be more expensive than Beijing?"
"It's eight times more expensive than Beijing!" Feng Yu said as he gestured with his hands.
"Huh? In this shabby place, in this shabby building, you want eight times? Isn't this daylight robbery?! You are a spendthrift! Why did you get such an expensive office?! "Feng Xingtai almost jumped up. How can it be so expensive?
"That's why I had bought this building two years ago and rented out the rest of the floors. The space they saved is for us to make money."
Feng Xingtai immediately smiles. "Ah, this building is ours. It's understandable. Every inch of land in Hong Kong is worth its weight in gold! "
Feng Yu laughed and shook his head when he saw his father's change in attitude.
"Dad, I might be busy these few days. I will ask Guangzheng to accompany all of you around, and I will look for everyone at night."
The Thai Government can't hold on any longer and will implement that "seemingly correct" policy. After that, they will be defeated, and Thai Baht will plunge.
Now, Thai Baht's exchange rate against USD had reached 28: 1, and it will fall further tonight. The Thai Government had invested all the money they borrowed, but they still can't win against Soros's army.
Feng Yu also needs to keep an eye on the Thai Government until that policy is implemented.
"Alright. For the sake of the country, I will understand." Feng Xingtai moved closer to Feng Yu and whispered.
Feng Yu was confused. For the sake of the country? I am making money for myself. Feng Yu saw Fu Guangzheng winking at him and did not ask further.
Feng Xingtai was dragged away by Fu Guangzheng after a while. The rest of the people were waiting. They had come as a tourist group, and it was not easy to get visas.
Li Na's parents also came, but they didn't come to the company to see. They waited in the car with Li Na and the others.
This time, Feng Yu's performance made Li Na's father very satisfied. There were not enough seats. Feng Yu and Li Shiqiang stood at the side, but they were seated.
Ever since they talked it out, Li Na's father also got over it. There didn't seem to be anything bad about Feng Yu. This was such a good thing, yet he still thought of them. He was quite considerate. Some ungrateful son-in-law didn't care about his in-laws at all. He only knew how to kidnap someone else's daughter.
Feng Yu even asked him to stop working and bring him and his wife to Beijing. But Zhang Ruiqiang refused. It was not that he could not bear to leave his job and did not want to go to Beijing. It was because if his in-laws went to live with his daughter and son-in-law, it would make him look like he was greedy for the Feng Family. How would his in-laws look at his family? His two children were still unmarried. He could not afford to be embarrassed!
If he retired and had children, they could say that they were helping to take care of their children.
"Boss, you are more fortunate than me. When I became successful, my parents were no longer around." He Zhaoji sighed.
"Then you must work hard for your wife and children. After this, the money you will get will be enough for you to retire!" Feng Yu patted He Zhaoji's shoulders.
"I am not planning to retire so early. As long as you do not chase me away, I will work for a few more years." He Zhaoji laughed.
"No problem. Do your best, and I will not mistreat any of you. We will prepare our Thai Baht. Once the Thai Government starts to use floating rates, we will cooperate with Soros to dump our Baht. This will affect people's confidence in the Thai Government and Baht! "
"We are all prepared and waiting for the news."
Yesterday, they were watching Hong Kong's return and did not sleep well. Their eyes were still red.
Their company is different from other companies. Other companies use coffee or tea to refresh themselves, but their company uses Blue Can Energy. After drinking this beverage, people will feel less tired.
… …
"General, we can only use this method. If we can't borrow money, Thai Baht will continue to fall. Our fixed exchange rate will fall a long time ago." Bassoon suggested.
Since the fixed exchange rate had failed, investing all the money they borrowed will not help. If the money they borrowed could be used in one go, they might still be able to struggle. It was a pity that the money came slowly, and it was once again nibbled away by Soros.
Now, the Thai Government can only stop the fixed exchange rate and use floating rates to bring in more funds to buy Thai Baht. This will increase Thai Baht's resistance.
This move was basically digging the flesh to mend the sore. It looked good on the surface, but it was completely useless.
But this is the Thai Government's last resort. They felt that based on the supply and demand, Thai Baht should be in short supply, and USD should be in the same situation.
This way, Soros will not only have to face the Thai Government, but the Thai Government will also get rid of the restrictions of the fixed exchange rate.
Most importantly, the Thai Government had signed agreements with many Southeast Asian countries, and those countries had kept a lot of Thai Baht. If the Thai Government does not want to suffer losses, they will have to buy Thai Baht to push up the exchange rate.
Bassoon felt this is to force other countries to join Thailand. Although it might not push up Thai Baht's exchange rate, at least it will stop it from falling.
If it falls below 30: 1, Thailand's inflation will start!
"Are you sure this method can stop Thai Baht from falling?" Chavalit is puzzled.
"This is the last resort. The floating exchange rate system can automatically adjust the international balance of payments and help to curb large-scale financial speculation. It's just right for our current situation."
What Bassoon mentioned are the advantages of this system. But with Soros's standard, he could not think of the disadvantages of the Floating Rate System. This will bring more foreign exchange risks to trade and financial activities, and the inflationary tendency of the monetary policy will increase. It will also expose the false impression that Thai Baht is overvalued!
Luckily, Chavalit does not know about this. Although the newly appointed Finance Minister knows about this, he could not think of a better solution. That's why he kept quiet. He does not want to be the scapegoat.
If this policy succeeds, he will get some credit. But if this policy fails, Bassoon will be held responsible. That's why Chavalit supports this policy!
"Alright. If Thai Baht continues to fall tomorrow, we will announce that we will use floating rates, and the government will not interfere!" Chavalit made the decision. Although he does not know much about finance, he felt this will cause a lack of regulation, and it will be dangerous.
But Thailand's situation … Chavalit has no other choice!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
