Although it is also a hype, the difference is quite big.

Take the upcoming financial crisis as an example, its operation method must be different from when buying at the bottom of the Lenovo.

This is normal to not know the exact returns because it is ultimately not clear enough.

Of course, no matter how unclear it is, it is still okay to buy an island.

Islands are not as expensive as expected.

When Jiang Chen first came to the Cayman Islands with Luo Qing, he learned that the most expensive island at present is only a few million dollars.

The cheapest ones can be obtained with just tens of thousands, and some don’t even need tens of thousands, or a few thousand.

After all, not all places regard islands as rare things. Some places may even be more rare in large areas of land.

It is indeed a good opportunity to make money now.

The actions of Western capital tycoons led by Soros to target the Thai baht began at the beginning of the year.

The operation method is very simple, it is to short.

Just like the cabbage in the vegetable market, the price is good now, ten yuan per pound, but it may fall to five yuan or even one yuan in the future.

At this time, you can consider borrowing a batch of cabbage from the farmers, selling it at a high price, cashing out, and then waiting for the market price to drop, then buying the cabbage back and returning it to the farmers.

The difference between selling and buying is profit.

It’s just that you need to pay a deposit or margin to borrow cabbage.

Short selling is almost like this.

To go long means buying first and then selling, and to go short means selling first and then buying. The process is the opposite.

Long comes from optimism, think the market will go up, short comes from looking down, and predicting the market will go down.

The only difference is that these capital tycoons short selling targets are not specific stocks or stock indexes, but currency.

The results should not be underestimated.

The Thai baht is the official currency of Thailand, and the original fixed exchange rate was implemented, at 1:25.

That is, 1 USD 25 Baht.

If you want to maintain this exchange rate, you rely on foreign exchange reserves.

However, since Soros mortgaged 380 billion baht at the beginning of the year, it has been selling continuously, coupled with short selling of treasury bond futures, the market exchange rate has continued to decline.

In order to maintain exchange rate stability and avoid market panic, Thai officials were forced to take over. In less than half a year, foreign exchange reserves dropped sharply, and the losses were no less than 20 billion yuan.

The whole of Thailand's foreign exchange reserves for decades were only US$30 billion.

In this way, unless those capital giants stop and international hot money withdraw, they will only collapse.

The exchange rate will then become 1:30, 1:40, or even lower.

This is the financial crisis.

It is also something that will happen in the near future.

Jiang Chen did not delay either.

After promising Tang Xiao to an island, he brought a team of bodyguards and chartered a flight to Yangcheng.

Luo Qing was already there at this time, and she didn't say much, and went straight to Xiangjiang after joining each other.

"How is the situation? What is the exchange rate now?"

“27.55, down 55 points from the beginning of the month.”

"I guess how long will Thailand last?"

"It won't last long. According to our statistics, Thailand's foreign exchange reserves should be less than 5 billion US dollars, and the exchange rate will not be maintained at most in mid-July."

“…”

The group company has offshore companies in Xiangjiang.

The Business Department also has a dedicated team in Xiangjiang.

This is not surprising, because short selling cannot be concealed, and the actions of international short sellers headed by Soros against the Thai baht are blatant.

It is not generally understood this year, and there are not so many people participating, otherwise the city would have been full of storms and rain, and it is known to everyone.

As soon as he arrived in Xiangjiang, Jiang Chen also learned about the situation immediately.

It's almost the same as expected.

Indeed, the Thai baht is still at a fixed exchange rate, at 1:25, and the Thai official has not given up on this aspect.

However, the gap between the market exchange rate and the specified official exchange rate is indeed a bit wide.

And judging from the rate of decline, Thai officials are obviously a little unsustainable.

This phenomenon occurs only because foreign exchange reserves are short of limits. Otherwise, you will directly pallet and stabilize the exchange rate, and you will eat as much as you sell in the market. There is no such thing as a sharp drop in the exchange rate.

If you really want to do that, the ones who are sad will be the short sellers who will definitely lose all their money.

This is the best evidence for the Xiangjiang sniper battle in the Asian financial crisis.

At that time, it was the country that supported the bottom line and used strong foreign exchange reserves, so it avoided the fate of being harvested.

In this way, what you need to do next is simple, add in two words.

If you can't beat it, join.

Since I can't beat it.

Since there is no motivation to fight against sniper.

Then at this time, joining the short seller and drinking soup will naturally become the best choice.

The operation is also simple.

Giants like Soros borrow directly from Thai banks, which is the best choice to directly obtain a large amount of Thai baht.

If he is needed to detonate the crisis, he can only do that, otherwise the amount of baht he gets is not enough to cause the crisis.

But the current situation is that someone has done the most difficult job, and he just needs to follow him with a gun, so that he doesn't have to look for a bank, just look for a dealer.

Traders are generally trusts, companies, individuals, and banks and institutions specializing in foreign exchange trading.

These institutions can be understood as intermediaries and make profits, which are characterized by low threshold and high leverage.

That's right, it's high leverage.

Just like Soros, the mortgage loan is 380 billion baht, worth more than 15 billion US dollars. How much does he have to mortgage?

No matter how much the value is, it should be similar, otherwise they won’t do it!

But looking for an institution, tens of millions of dollars is enough.

The leverage in the foreign exchange market is dozens or hundreds of times, and up to four hundred times.

It’s just that the handling fees are high and the interest rates are high. It’s very exciting when making money, and it’s also very happy when losing money.

The account is now open in advance, with more than a dozen.

More than ten accounts, each account has more than one million US dollars. This is a masterpiece of practicing in recent months. Because the movements are not very big, I don’t make much money. I invested a total of 10 million US dollars and made a small profit of about two hundred.

Ten thousand.

What we need to do now is to add margin, open leverage, borrow, and borrow as much as you can.

This is not a particularly amazing operation.

Because the situation is already very clear, those with a little more courageous will know what to do.

But if you spend 200 million US dollars in, it still makes people feel crazy, because 200 million US dollars plus 400 times leverage can theoretically increase the scale of funds to 80 billion US dollars.

Bisoros is crazy.

Of course, it just looks scary, but in fact I can't borrow that much at all.

If you take a step back, even if you can borrow it, it will be useless, because there is no way to throw out so many.

After all, their foreign exchange reserves are there and there is not much left. In this way, retail investors and a few institutions cannot expect to take over tens of billions of dollars in markets.

Therefore, theory is theory, and in fact, you can drink some soup with it.

It is unrealistic to eat big heads.

Although the financial crisis has not yet broken out, the meat of Thai baht has been eaten almost all, and the real battlefield is in neighboring countries.

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Chapter completed!