Hong Kong.
Inside the offshore company.
There were still quite a few people watching TV at this time.
When Chen Dong heard the middle-aged man say the name of the Quantum Fund, he almost burst out laughing.
What could be better than making money behind the scenes while having someone else take the blame for you? The others standing nearby were all dumbfounded.
Wangcai exclaimed in surprise, "Boss, are they crazy? Why would they provoke international speculative capital at this time?"
"People are afraid of becoming famous, just like pigs are afraid of getting fat. Who can blame us when the Quantum Fund is so famous?"
In fact, this is the situation that the Quantum Fund is most worried about. Because of their great reputation in the foreign exchange market, especially in currency attacks, they are so well-known that whenever a large-scale attack on a country's currency occurs, they become a target of concern.
The market generally believes that Quantum Fund is deeply involved and has played a leading role.
This kind of unfounded speculation began as early as the 1992 British pound crisis. Furthermore, in an interview, Soros himself confirmed that this scapegoating incident had occurred more than once.
Take the recent Mexican peso devaluation as an example. Even though the Quantum Fund wasn't deeply involved, it was still accused of being deeply involved, which led Soros to become somewhat reckless later on.
Now, amid the Southeast Asian financial crisis in Thailand, the Quantum Fund, led by Soros, has once again been thrust into the spotlight.
It's not entirely accurate to say they were scapegoated, because the Quantum Fund did participate in the Thai baht devaluation, but the size of its position was not large, far less than the position Chen Dong established.
Soros's original intention was simply to use this method to remind the Thai authorities of the loopholes in the currency, thereby prompting them to choose to devalue it.
However, the Thai government clearly does not see it that way, and this will only exacerbate the conflict between the two sides. Therefore, the Quantum Fund, led by Soros, naturally became a prime example and a key target for their crackdown.
In this situation, it's hard to say who's right and who's wrong!
It's like a hacker discovering a vulnerability in a server and choosing to attack it to warn the other party, "I've found your vulnerability, you need to patch it right away."
The server administrators, however, will only see this as malicious provocation, and from their perspective, they're not wrong. If you choose to send a notification, why not do it via email? Why resort to such an extreme method? Isn't that provocation?
certainly!
This is also closely related to the individualism that Americans have been practicing since the 1990s.
"Boss, I feel like the Thai government has really offended the Quantum Foundation this time," Wangcai said after thinking for a moment.
Chen Dong nodded upon hearing this and sneered, "That's why they say, 'If you don't court death, you won't die.' Just watch, it's not just the Quantum Fund; it's just a microcosm of international speculative capital. Soon, the counterattack from these international speculative capitals will come, and by then, the Thai baht's defenses will become as fragile as paper."
"Boss, this is the moment for our major offensive!"
Wangcai rubbed his hands together, his face practically contorted with laughter. He had waited so long, wasn't it all for this final harvest?
Chen Dong did not deny it, but instead turned his gaze to the other side...
......
At the same time.
Across the ocean.
According to the time, it was already late at night in Eastern Time in the United States. However, a considerable number of American traders were still glued to their televisions, watching the press conference hosted by Thailand's BOT.
When the middle-aged man mentioned that international speculative capital had lost $500 million in this battle, the traders present unanimously booed loudly.
"Shit! This guy is clearly just spouting nonsense. He can say things without any basis in fact. I really wonder how he became a high-ranking official at the Bank of Thailand."
“I’m afraid it’s because of his abilities, like Teddy’s, that he got this position…” another voice immediately chimed in.
"Tom, I think you're perfectly capable of handling this job."
A trader who appeared to be of a slightly higher administrative rank patted a junior trader who was engrossed in his work on the shoulder and said something.
These words immediately drew laughter from the traders.
The name Tom comes from a currently popular animated cartoon. Produced by Disney, it created a global phenomenon with Tom and Jerry as soon as it aired.
Tom, being a cat, is always outsmarted by Jerry, who is much smaller than him.
This is also a popular form of dark humor in the United States today.
It's an insult to the other person, who is clearly very big, yet repeatedly gets the shortest person around.
The trader named Tom was always doing odd jobs inside, like serving tea and water. Only after finishing these tasks did he have time to sit in front of the computer and complete some basic tasks.
"What?" Tom looked up blankly, asking in confusion.
Seeing his lack of tact, the man who had spoken pursed his lips and muttered, "A guy who doesn't understand humor deserves to only do odd jobs." Just as he was about to turn and leave, he suddenly heard Tom exclaim in surprise, "Huh? What's going on? How could this be?"
"What's wrong?" The senior trader glanced at Tom and, realizing he wasn't joking, quickly looked down at the computer screen.
Upon seeing this!
Tom's fingers flew across the keyboard, typing commands one after another. Soon, the messy data bars became orderly, and he pointed to one of the data points and said, "Jesse, this is a statistical report of the increase in Thai baht contracts in the Singapore market this year. It is all obtained from publicly available data."
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