"What will happen once these funds, which have driven up the Thai real estate and stock markets, withdraw? There will definitely be an avalanche, a collapse of the real estate market and the stock market. At the same time, because Thailand itself lacks the ability to generate its own revenue and relies solely on an export-oriented economy, what do you think will happen once the outside world stops importing Thai goods? Thailand will lose its ability to generate its own revenue."
"Only under this premise did international hedge funds launch a fierce attack on the Thai baht. On the one hand, they had to maintain the stability of the poor domestic economic environment, and on the other hand, they had to resist attacks from the outside. Under the double attack, the Thai baht collapsed."
Professor Chen nodded. "You're right. Thailand's economy is indeed in trouble. Other countries have similar problems, but they're not completely helpless. Their foreign exchange reserves are much larger than Thailand's."
"Is it a lot?" Chen Dong chuckled self-deprecatingly. If you had to name a country with more foreign exchange reserves than Thailand, there are others: Hong Kong, Singapore, and South Korea all have more foreign exchange reserves than Thailand.
Historically, all of these countries have been defeated by international speculative capital.
An institution cannot confront a country because of the difference in size, but what about ten institutions, or countless institutions?
That's hard to say.
However, when Old Lin heard Chen Dong say that, he broke out in a cold sweat.
Others may not know what Chen Dong does or what role he plays, but surely Elder Lin knows? Chen Dong is one of the participants in this attack on the Thai monetary system, and he plays an extremely important role.
The fact that Chen Dong is saying this now means he must have discovered some problems that ordinary people haven't noticed.
......
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