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Chapter 1499 Join if you can't beat it(1/2)

Chuanli's idea was extremely beautiful, but the development of things did not go as he wished.

Not long after, the rapidly falling Thai Baht exchange rate shattered all his hopes and luck into pieces, leaving not even a scrap behind.

Chuanli's idea seems to make sense. As long as they don't continue to invest, those international giants will naturally choose to stop if they can't make profits from them.

But in fact, it is a kind of nihilistic luck. All of your victories are based on your opponent's possible stoppage. You have no initiative or resistance at all.

If it is really a war now, to put it bluntly, Kawadachi is praying that his enemies will feel compassion for him because of his miserable situation and stop the war.

But is it actually possible?

Impossible!

Countless experiences and lessons in history have told people that the price of not resisting and allowing the enemy to slaughter is that the entire nation will become a slave or disappear completely!

Especially now, seeing the exchange rate falling straight down, directly and without any delay, breaking through the 40 exchange rate mark, and continuing to rush downwards, Kawari and the bank president were completely dumbfounded.

They have now fully realized that they have done something very stupid and completely beneficial to their enemies.

As he said before, 40 is the psychological bottom line for many retail investors and small and medium-sized financial institutions. Once the other party breaks through 40, a large number of retail investors and small and medium-sized institutions will choose to liquidate their long positions or even directly turn into short positions.

After all, if you can't beat them, just join. Most of the time, it's definitely not the wrong choice. At least it won't be the worst choice.

But more and more retail investors and small and medium-sized financial institutions are joining the short sellers. For him, the Thai baht, and Siam, it is definitely a disaster for Chi Guoguo.

Just as Chuan Li thought, at this time, those foreign exchange traders who had been long in the foreign exchange trading hall were already full of resentment and complaints.

They really don’t know what the Siamese government is doing!

The curves of these trend charts on the time-sharing chart, as well as the changes in exchange volume, have clearly told them what the bulls did in this short period of time.

They first gave up resistance, and then the short sellers also stopped, as if they couldn't figure out what the bulls meant.

But soon, the short sellers started to attack again, and without the support of the big sellers, the short sellers were naturally able to dominate and bring the Thai baht's exchange rate to this level!

It can be said that the current rapid decline in the Thai baht exchange rate is directly related to the sudden departure of the bulls!

And isn’t the biggest bull in the current trading market the Siamese government?

By doing this, can Siam be worthy of retail investors who support Siam and the Thai baht?

They use real money and silver to support the exchange rate of the Thai baht, and this is how Siam treats them?

This is really unreasonable!

The more I thought about it, the angrier I became. For a while, many retail investors and small and medium-sized institutions who had not been liquidated just now directly threw away the Thai baht in their hands and opened short positions.

Many of them are not related to Siam, so why should they support Siam with their hard-earned money earned over the years?

Isn’t it good to follow those big short sellers and eat meat?

Seeing the Thai baht exchange rate in front of them, which had already exceeded 41 and was heading towards 42, sweat instantly broke out on the foreheads of both Kawali and the bank president!

They can no longer control whether the outside world scolds them or not. Now, the most difficult question before them is whether the Thai baht's exchange rate can be saved, and will foreign exchange reserves continue to be poured into it?

If we continue to rescue, the difficulty of raising the Thai baht exchange rate has now increased several times compared to before.

In other words, if he previously thought that the possibility of saving the Thai baht exchange rate this time was 10%, now he only has 1% left at most.

After all, the Thai baht exchange rate is now much lower, and a large number of retail investors and small and medium-sized financial institutions have also joined the short position.

Under this situation, there is a high probability that even if he invests all his foreign exchange reserves, it will be useless. He will only be given a hard bite by those financial predators!

If we don't save it, the exchange rate of the Thai baht will more than double today, and the assets of countless Siamese people will be cut in half in an instant. Such losses, even on paper, are at least hundreds of billions of dollars.

As for the follow-up matters concerning import and export, let alone those messy matters.

Just thinking about it makes my head feel big!

Furthermore, even if he wants to keep these foreign exchange reserves, can Wali and the King of Siam agree?

Thinking of this, Chuanli couldn't help but shudder subconsciously. At this moment, he felt an indescribable coldness all over his body.

It was as if in front of him, there was a tiger that could devour the world with its mouth wide open, waiting for him to fall into a trap, but he didn't have the slightest ability to resist.

This financial war has reached this point, both sides have used all their means, and all their thoughts have been clearly displayed.

What those financial giants want is that not only do they want to bring down the Thai baht exchange rate, they also don't want to let go of the foreign exchange reserves that Siam has accumulated.

If he doesn't give it, then they will force him to submit!

He must be allowed to spit out all Siam’s foreign exchange reserves!

What a cruel thought and cruel means!

Just when the bank president was staring blankly at Kawadachi, Kawadachi himself was completely in a dilemma.

Suddenly the phone in Secretary Kawali's hand rang.

After taking a look at the phone number, the secretary whispered to Kawali: "The phone number of the Prime Minister's official residence."

Chuanli's face instantly dropped. If there were calls he least wanted to receive right now, Walli's call would definitely rank first.

"Kawali, let me ask you, what are you doing? Why did the Thai baht exchange rate drop to this point all of a sudden! Let me tell you, if the exchange rate drops further, you will be responsible for all the consequences.

!”

Sure enough, as soon as he connected the phone, WALL-E's furious roar came from the other end of the phone!

Now he really wants to cut Chuanli alive.

Twenty minutes ago, he told his cronies that the exchange rate of the Thai baht should be stable now, and it would not be an exaggeration to call it stable and improving.

After all, no matter how hard the short sellers try, they can only hover between 35 and 36, and they are simply unable to continue to push the Thai baht exchange rate down.

By then, maybe not only the Thai baht exchange rate can be maintained, but the foreign exchange reserves will not suffer any losses, and he won't be surprised if he even makes huge profits.

After all, financial wars are wars.

Since it is a war, is it possible for the defeated to escape without any losses?

Obviously it's impossible.

It can be said that as long as Chuan Li raises the Thai baht exchange rate to around 25, Siam will be able to earn at least several billion dollars, or even tens of billions of dollars.

So as the Prime Minister of the Siamese Cabinet at this moment, should he be able to continue to serve as the Prime Minister as he should?

But what is hateful is that he had just had this sweet dream for a short while, and this bastard Kawatachi actually turned the situation into this!

For a moment, let alone continuing to be prime minister or making a fortune, I am afraid that even the exchange rate of the Thai baht will not be preserved.

"Foreign exchange reserves have been used up too fast. Ten billion US dollars have been spent now. I am discussing with the governor whether to continue investing in foreign exchange reserves."

Hearing Wali's unceremonious scolding, Chuanli's face turned cold, but he changed his mind and said calmly.

If he is asked to bear all the losses caused by the drop in the exchange rate, he must bear it?

Please make it clear, please. It is you, Wali, who is now the Prime Minister of the Cabinet, not him. If something big happens in Siam, the first person responsible is definitely Wali, and he cannot escape!

Even if people want to hold demonstrations, they will only cause trouble for Wall-E, not him.

Even this exchange rate defense war he directed.

After all, for ordinary people, how could they know all the joints and accurately point the finger at him?

And he will definitely turn the tide, save the building from collapse, and appear in front of everyone as a rescuer. While taking over the power from Wall-E, he will clean up the mess for Wall-E.

Well, yes, in his opinion, not only the exchange rate cannot be maintained this time, but also the foreign exchange reserves cannot be maintained, Wali is going to die, and will be nailed to the pillar of shame in history by the Siamese people.

Who allowed Wali's tenure to lead to such an unprecedented depreciation of the exchange rate and the tragic consumption of foreign exchange reserves?

It seems that he did not expect that in just one night, Chuanli spent 10 billion US dollars of foreign exchange reserves, and Walli couldn't help but be stunned.

"You spend it, spend it, I tell you, now you must raise the Thai baht exchange rate at all costs! Otherwise, you will go to jail and wait for legal trial!"

After a few seconds, Wally said such harsh words and then hung up the phone bluntly.

Although he boasts that Siam's economy has made great progress in his hands in recent years, in fact, his family knows his own affairs. He really can't get involved in the financial exchange rate war like this. He can only

Leave it to Kawadachi to take command.

If he personally directed it, it might only be worse.

Just as Wali hung up the phone, the King of Siam also ordered someone to call. Although his words were not as absolute as Wali said, the meaning inside and outside also meant that he must spend the Thai baht at all costs.

The exchange rate goes up.

"Go to jail? Try me? Are you kidding me? I don't know whether I should go to jail first or you should stop being the prime minister first?" Chuan Li sneered expressionlessly.

"What now?"

the bank president asked anxiously.

He couldn't and didn't dare to control the above-mentioned fights between gods, but now the exchange rate of the Thai baht had reached a point where no further delay was allowed.

"What should we do?" Chuanli sneered, "What else can we do! Just do what Prime Minister Walli wants. From now on, we will save the exchange rate at all costs!"

Generally speaking, if the child sells the father's land - the child does not feel sorry for the father but the father does.

Fortunately, everything is reversed now. He feels sorry for the family fortune that Siam has managed to save over the years, and wants to leave some capital for Siam's recovery. The two people in charge of Siam, King Siam and Wali, don't feel bad.

Then what else is there to say.

Smash it!
To be continued...
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