nashuaworldcup Chapter 445: The exchange rate continues to fall, and the people of Taiguo are wailing everywhere
Chapter 445: The exchange rate continues to fall, and the people of Taiguo are wailing everywhere
The exchange rate continues to fall, and the Thai people are wailing everywhere
This manipulation of the baht appears to be aimed directly at the baht's stock market.
But in fact, what is involved is more than just the Taiguo stock market.
You know, the reaction in the stock market will definitely affect the entire market.
In other words, this stock war affected every Thai citizen, but at that time they did not realize that the Thai baht in their hands had already begun to depreciate.
In the following period of time, cases of people jumping from buildings became common throughout the country of Tai.
There is no doubt that most of these people invest in the stock market, and most of the stocks they purchase are in Thai baht.
As a national currency, the Thai baht has long been regarded as the most secure stock by all Thai citizens or many people who are optimistic about Thailand's economic growth.
But no one expected that such a stock, which everyone thought would have absolutely no problems, would actually take a big dive?
This was something no one expected.
……
In front of the stock exchange.
The entrance of the stock exchange was particularly busy today, with countless stock investors gathered here wailing.
That’s right! The sharp reaction of the baht in the stock market also affected the stocks held by these small shareholders.
It is no exaggeration to say that in just a few hours, the money that most of the lower-class people had worked hard for their entire lives disappeared.
This is happening faster than a dream!
It's no wonder they ended up like this. Even a middle-class man with strong financial resources like Uncle Wu was forced to jump off a building.
How could these leeks possibly survive?
In fact, their collapse is even faster than that of the middle-class people like Uncle Wu.
"What the hell is going on? Those people clearly told me that buying this stock would guarantee a profit, so how could I lose all my money all of a sudden?"
"I have been making money for half my life, but who knew that it would all be lost in one go? If I had known this would be the outcome, I would not have played the stock market in the first place."
"Who said it wasn't true? I thought I could earn some money for my retirement here, but now all my money has been lost. How am I going to live in the rest of my life?"
"Ah! Someone jumped off the building again over there. What kind of world is this? What's going on?"
"..."
As soon as the Tai Kok Stock Exchange opened in the morning, it was packed with people from Hong Kong Island.
No one expected that things would turn out like this so early in the morning.
This is definitely news that they will never forget for the rest of their lives.
And these are just the performance in the stock market.
This stock war affects far more than just the stock market.
……
Taiguo, the owner of a street stall in XX.
He was sweating profusely and angrily yelling at the customer next to him: "Hey, pay for the things you took."
After hearing the boss say this, the customer looked at him in surprise.
That’s right! The customer had already paid what he was supposed to pay, but the stall owner didn’t seem satisfied.
"Hey! What are you doing? Isn't the money already in your hands?"
"It's the same price every day. I've become a regular customer of yours. Are you bullying me?"
"Or are you going to raise the price?"
The customer argued directly with the stall owner.
However, after hearing what the customer said, the vendor looked disdainful.
He threw the Taizhu he had just taken from the other person at his feet.
"What era is this now? Why are you still paying me in Thai baht?"
"Do you know how many baht one US dollar can be exchanged for now? It has depreciated 800 times a day, and it has long been unacceptable."
"Pay with US dollars. If you can't come up with it, just leave my things."
The boss said directly in a very firm tone.
That’s right! In just one day, the Thai baht had plummeted, and the Thai country was using a linked exchange rate system at the time.
In other words, the depreciation of the baht will result in 1 US dollar being exchanged for more baht.
As long as the linked exchange rate system remains unchanged, the Thai people, the Thai Monetary Authority, and even the Thai Bank will have to watch the Thai baht in their hands depreciate.
And this is just a manifestation of the offline situation.
"Hey, do you know where this place is? Taiguo!"
"I'm buying things in Taiguo territory. I don't use Taizhu. What do I use? US dollars?"
"You are so discriminatory against Tai Zhu, are you really a Tai countryman?"
A spectator nearby quickly interrupted the conversation between the two.
But in the face of the onlooker's shouting, the owner of the roadside stall still looked arrogant and glared at the person with his chin.
"You are so kind and patriotic, why don't you just take all these Taizhu in my hand?"
"I won't charge you more. Just give me the current price. I only want US dollars!"
"What? You think it's too little? There's more here."
The stall owner spoke directly to the other party with a rude look on his face.
That’s right! The depreciation of the Thai baht has affected the entire Thai economy in the shortest possible time, and has dealt a heavy blow to the entire Thai economy.
The most important thing is that it was not the worst situation for Taizhu at that time.
Today, the Thai baht is still in a state of continuous decline in the stock market and there is no moment of stability.
From that day on, the entire country of Tai was filled with a decadent atmosphere. The economy was in recession and the people were powerless to fight back, but could only suffer miserably.
Some people are happy and some are worried!
At that time, the people of Taiguo had already fallen into the same fate as it is now.
But Soros and others who were manipulating the stock market on the other side were extremely happy.
"I never thought that our great plan would actually come true!"
Soros sincerely expressed his feelings to several partners around him.
That's right! The real purpose of Soros and the Quantum Fund team coming to Thailand to invest is to manipulate the baht and make the exchange rate of the baht fall.
And they can make more profits with the US dollars they originally hold.
You know, before they came to Taiguo, these were just their ideas.
And now they have not only done it, but also actually proved that the plan is feasible. This is simply the ultimate achievement for Soros and everyone in the Quantum Fund team.
"I thought our plan might work, but I never thought the exchange rate would drop to this level."
"What I didn't expect was that the one who benefited the most from the manipulation of this stock war was not us, but a gangster who came out to rob people."
"What is there to be happy about, Mr. Soros?"
One of the partners asked directly to Soros in front of him.
The partner's words brought Soros back to reality.
That's right! This stock war was fought so cleanly and neatly that they gained a lot of profits from it. This is enough to show how spectacular the plan conspired by Soros and the Quantum Fund team is.
It’s a pity that the real beneficiary of such results was not Soros or Quantum Fund, but Chen Wen!
This is what worries everyone the most.
After all, not everyone in the Quantum Fund team is like Soros, who is only focused on doing business. They want to make money through Soros and the Quantum Fund.
ps: The data of new books is very important. Please give me some motivation. Please reward me and put me on the bookshelf...