"Boss, Thai Baht had fallen by another 5% today." He Zhaoji reported.
Feng Yu was stunned. It's still early, and Thai Baht has fallen so much? Soros' main capital is still in the Xin New Dollar market.
"Which funds have entered the market?" Feng Yu asked.
He Zhaoji looked around. It was as if this news could not be heard by others, but there was only him and Feng Yu in the office.
"Boss, it seems like the Fu Family had invested in this project. Fu Rongqi had used a large amount of funds to short Thai Baht, and it is inevitable for Thai Baht to depreciate. "He Zhaoji whispered.
The Fu Family made a move? So fast? Also, Feng Yu does not know about Fu Rongqi's attack.
Fu Rongqi's help was beneficial to Feng Yu and the rest. With more funds shorting Thai Baht, Thai Baht's falling momentum will rise again, and Feng Yu can settle his contracts as soon as possible and focus on the Philippines and other countries' currency markets.
What worries Feng Yu the most is that once Fu Rongqi starts to focus on other countries' Forex market, he will stop paying attention to Hong Kong's market. This is dangerous.
When they attacked Thai Baht, Feng Yu had invited Fu Rongqi, but Fu Rongqi rejected. Now, Fu Rongqi wanted to join them. But he should at least inform Feng Yu first.
Feng Yu was thinking if he should give Fu Rongqi a call when the phone on his desk rang.
"Nephew Feng, did you see the change in Thai Baht?" Fu Rongqi's voice came from the phone.
"Did Uncle Fu make a move? With such a huge fluctuation, you must have used a lot of funds, right? "
"Hahaha … it's not a lot. I am calling you to tell you that I have decided to work with you to make some money from this investment. Superman Li, that old man, does not want to join us, and his main responsibility is to protect Hong Kong. Later on, when it comes to some business cooperation, we'll let him have a head start. Professor Liang will keep an eye on Hong Kong's financial sector. With them around, there is nothing to worry about. "
Feng Yu understood. So, Fu Rongqi had considered all these. It's just to give Superman Li and his men a step back in terms of business cooperation. This is reasonable.
"Uncle Fu, what do you plan to attack next?"
"It's definitely not SGD, hahaha, I'm not so old that I can't understand this. Are you going to attack Indonesia or the Philippines next? Or Big Horse? "
Feng Yu sighed in his heart. Fu Rongqi was an old man and would not be fooled by the surface.
"It should be the Philippines or Malaysia. Indonesia might be a little later."
"Ok. I know. With our funds combined, we can be more daring." Fu Rongqi hinted.
The more funds they have, the more effective they will be. Fu Rongqi wants them to do less reverse hedging and more short selling.
In that case, they would be able to earn more. The difference between 10 billion USD and 20 billion USD was not as simple as doubling.
"Uncle Fu, I suggest that you stay in the shadows. This time, we will definitely incur the wrath of the public, and we can't be the scapegoat." Feng Yu hinted.
"Hahaha … of course. We are just following the trend, and this is considered a normal financial investment. The ones who are doing bad things are Quantum Fund. They are the ones speculating in the financial market!"
Damn. Even Feng Yu can't handle this old man when he is shameless. Feng Yu wants to push the blame to others, and Fu Rongqi wants to push the blame to Quantum Fund.
You are investing, and others are speculating? Everyone is just speculating, and investments should not harm other people's interests. Look at Thailand's economy, which had collapsed!
More than a dozen factories in Thailand had closed down in such a short time. Many factory owners had also speculated in the stock market and were trapped. Some of them had used financial companies to raise funds and lost all their money.
No one had expected that the booming stock market would collapse so quickly. From a high of more than 1,300 points, it had fallen to more than 600 points. It had fallen by more than half.
This is not the end. The stock index is still falling, and only a few stocks are rising. All the stocks are falling.
The bosses are out of money, and the workers' salaries were used to speculate in the stock market. The workers' assets are tied up in stocks and properties. They need money to survive.
So, the workers sued the bosses, and the bosses can only run away with their money.
More factories went bankrupt, and Thailand's economy collapsed faster. The stock market will not rise again.
When one of Thailand's core industries collapsed, the economy cannot be saved. Thailand does not have money and cannot borrow money. They still owe a lot of money, and no country can help them.
Hua Xia had agreed to help, and in the end, he gave them 1 billion USD. Hua Xia's reason is simple. Our country is poor, and our economy cannot be compared to Thailand. Our average income is only one-tenth of Thailand's. Furthermore, we are giving you 1 billion USD for free, and this is the best we can do.
What? You want to borrow money? The landlord's family doesn't have any surplus food. How can poor people like us have money? Don't worry. We had already complained to the International Monetary Fund. Just hold on, and someone will come to help you.
So, Thailand had no choice but to give up. Their economy suffered a huge hit, and the Southeast Asian countries, which had close ties with them, were also affected.
Thailand had thought it was not bad to lose so much money, as they had managed to protect their properties. Their properties did not crash, and their economy can still be saved.
But now, a large sum of money came out of nowhere to continue to suppress Thai Baht. This must be Quantum Fund's retaliation. Who else has so many funds?
SGD was not suppressed, and they turned around to attack Thai Baht. They think Thailand is easy to bully!
Fine. Thailand is easy to bully now. Those speculators felt Thai Baht will continue to fall, but there will be some fluctuations. As long as they do some hedging and believe Thai Baht will fall, they will be able to make money!
Currently, more and more funds are speculating on Thai Baht internationally. Even the floating rate system cannot save Thai Baht.
Bassoon represented Thailand to appeal. "Soros and Quantum Fund are cunning, evil, and ugly financial speculators. They attack other countries' economies for their own profits, and they should be despised by the world!"
Soros still doesn't know what's going on. When I attacked Thai Baht, you said you will make me lose all my money. Now, I am attacking other countries' markets, and you are attacking me again?
Soros looked at Thai Baht. Eh? Thai Baht is falling faster than he expected. What's going on? Could it be another financial tycoon is making a move?
Soros finally understood that he was being made a scapegoat. However, he didn't even know who he was helping to take the blame for. This was too unjust!
But Soros is not afraid of Thailand. He asked his brokers to announce on some financial news that this is a normal and legal investment. Also, he had said that Thailand will lose, and he is right!
Feng Yu is curious. Soros is taking the blame, and what is he trying to do?
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