On Friday night, in the multi-functional conference room next to the securities trading room of Hua Xia United Bank, after a simple dinner, the participants gathered together. In addition, Director Lin, Deputy Director Zhuo, President Li Jinghan and others from them.
Elite soldiers selected by this unit will participate in the meeting with a learning attitude.
Pan Jie is the host and the keynote speaker.
The assistant started to play the slideshow, and Pan Jie introduced the situation.
"First of all, it is necessary to give a comprehensive introduction to the Quantum Fund's combat methods. It is actually a not complicated process."
Pan Jie came up with practical information. He started with one sentence and then said, "Please watch the big screen. This is the entire process of the attack on the Thai baht."
"Since entering the 1990s, Thailand's economy has developed rapidly and is considered the most promising Southeast Asian country to rival the Four Asian Tigers. However, there are problems with their economic development structure, and the economic bubble is getting bigger and bigger."
"Simply put, the prosperity of the financial market does not truly reflect the development status and prospects of the real industry. Mr. Yao has always warned us not to be obsessed with the profit model of the financial market. In the final analysis, it is rootless. It is the industry that truly determines the future. It is
For industries within industries, Japan has a lesson to learn from the past.”
"But Thailand obviously took it lightly. Their government did not think or believe that they would encounter such a violent attack."
"Soros' attack method is very simple. They borrow large amounts of money from the national market and use high leverage to buy Thai baht. They borrow large amounts of Thai baht from the Bank of Thailand and then convert the Thai baht into U.S. dollars."
Panjie paused to let everyone digest, and then said, "To convert Thai baht into U.S. dollars, the Bank of Thailand must have enough U.S. dollars for the exchange. The problem is that Thailand's foreign exchange is very limited. The place where Soros and others bet is
it's here."
He pointed to the slide and said, "They believe that the Bank of Thailand's foreign exchange reserves cannot withstand their efforts. Once the Bank of Thailand's foreign exchange reserves are exhausted, the Thai baht must depreciate. This is easy to understand, because the Thai baht cannot be converted into U.S. dollars.
,lost its monetary value.”
The reason why the U.S. dollar is considered synonymous with foreign exchange and represents currency is its strength. The smoothness of any currency's conversion to the U.S. dollar will directly affect the value of that currency.
Deputy Director Zhuo was very studious, and he was also the one with the worst receptivity. He raised his hand and asked, "President Pan, isn't the depreciation of the national currency a good thing? It is conducive to export trade."
"This issue must be viewed dialectically. What exchange rate should be maintained between the domestic currency and the US dollar to be most conducive to import and export trade and to maintain the stability of the financial market? This issue is very complex."
Pan Jie nodded to show that he understood Deputy Director Zhuo's question, and then said, "Soros's method is simple and crude. After the Thai baht devalued, they in turn exchanged US dollars for more Thai baht, and used Thai baht to repay the loan from the Bank of Thailand.
."
"Use the exchange rate difference to make money." Director Li is an expert. Although he has not been exposed to the financial market for a long time, he immediately grasped the key points.
Pan Jie nodded and said, "Yes, Soros is making money by taking advantage of the exchange rate difference. When things develop to this point, the Bank of Thailand will certainly not surrender easily, and behind them is the Bank of Singapore. Several leaders know that the Bank of Singapore is the strongest in Asia."
One of the banks.”
"To maintain financial market stability, we must first maintain a stable exchange rate of the Thai baht. I believe everyone still remembers the plummeting ruble after the collapse of the Soviet Union. In order to help the Bank of Thailand fight against the Wall Street private equity funds headed by Soros, the Bank of Singapore invested US$12 billion to help
The Bank of Thailand buys back the Thai baht to stabilize the exchange rate."
Pan Jie stopped here, looked at Deputy Director Zhuo and said, "Director Zhuo, now I can answer your question. The relative depreciation of the currency is conducive to the export competition of domestic goods. This has a limit. If it plummets, exports will
The most important thing is that Thailand is a country with a relatively weak real economy."
Deputy Director Zhuo understood and said with a smile, "I worked hard to earn ten yuan to exchange for one dollar, but now I have to earn one hundred yuan to exchange for one dollar. This shows that wealth is flowing out."
"That's what I mean." Pan Jie nodded and continued his introduction, "However, Quantum Fund has a very big background. We have accurate information that shows that behind Quantum Fund are many Wall Street private equity funds, and they have joined forces to provide Quantum Fund
Support. And..."
He looked at Yao Yuan.
Yao Yuan nodded slowly.
Pan Jie said solemnly, "And we have evidence that the U.S. government is behind Soros, Quantum Fund, and Wall Street private equity funds."
Without giving everyone time to think about it, Pan Jie quickly said, "Soros and others burst out with strong financial strength and confronted the Bank of Thailand head-on. Soros's actions attracted a large amount of hot money from around the world to invest, which directly strengthened Soros's
The strength here.”
“In response to the crazy overnight lending by Soros and others, the Bank of Thailand raised the loan interest, hoping to make Soros and others retreat in the face of high interest rates. However, Soros showed rare determination and actually accepted the order.
Continue the head-on confrontation."
"In this way, the US$12 billion provided by the Bank of Singapore was exhausted, and the Singapore dollar was also affected."
Pan Jie paused again and said, "If the Thai government intervenes strongly, there is still a way to stop Soros' madness. But what is surprising is that the Thai government suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system soon afterwards."
"This is like handing over the control of the Thai baht exchange rate to Soros and other international speculators. These countries have only one purpose of plundering money - maximizing their own interests. They have no moral bottom line at all, and they wildly manipulate the Thai baht exchange rate, rising and falling.
It’s as low as a roller coaster, and we use this to make huge profits.”
Pan Jie finally said, "It can be said that the wealth accumulated by the Thai people in the past 20 to 30 years has been completely lost in this financial crisis. To sum up, Soros's method is to exchange it for U.S. dollars through overnight lending, exhausting the opponent's funds.
Foreign exchange reserves are then thrown out in large quantities to force the target currency to depreciate, in order to achieve the purpose of manipulating the target currency exchange rate."
He concluded, "Borrow when the price is high and pay back when the price is low. Soros's method is simple because it can be summarized in four words: borrow high and pay back low."
After Pan Jie said this, he put down the laser pointer and returned to his seat. The slide was closed and the lights in the conference room were turned on.
Yao Yuan added, "Thailand's real estate industry is developing very fast, and the real estate bubble is already very big. This is the weakness that Soros found, and it is also Thailand's most vulnerable weakness. After this battle, Thailand's real estate and stock market plummeted. Now go
Look at Bangkok, there are a lot of unfinished buildings and infrastructure projects, and there are blood stains on the construction sites of investors who committed suicide by jumping off buildings.”
He looked around and suddenly said, "The real estate bubble in Hong Kong is also very big."