Starting today, they have restricted foreign exchange transactions for individuals and businesses to minimize the outflow of foreign exchange. They also gave a detailed account of the stock market, financial markets, and the specific situation in China.
Thailand does indeed have many internal problems, including slow industrial upgrading, sluggish overseas markets, and continuously rising commodity prices, all of which have squeezed profits.
However, it's not as serious as Wall Street claims. They're just being targeted now. They've decided to reduce overcapacity. Once they get through this crisis, they can accelerate the elimination of outdated capacity and upgrade their industries.
For over an hour, they were just making empty promises, saying that if they helped Thailand now, Thailand would rise to prominence in a few years and the Thai baht would double in value on the market.
Among the representatives of the European bigwigs were many peasants who didn't understand these things, but Sean and Lu Feng did. They were all familiar with this kind of thing because they worked in banking and finance. At this moment, this kind of thing was useless to them.
“I have a few questions I hope you can answer.” Sean pondered for a moment and asked, “After we push up the Thai baht, who will bail us out? The best hope now is a short squeeze, where the short sellers buy back the baht after we go long, and Wall Street bears the losses. But what if Wall Street runs away? If they run away and we get trapped, it will be another stampede as we all try to escape!”
"The second question is whether communication between countries is smooth? Will this event spread? If a large-scale financial crisis occurs in Asia, how likely is it to turn into a war?"
"The third issue is the collateral. What exactly is the value of the collateral in Thailand? We don't want our funds to be tied up in a situation where the collateral can't be sold internationally. We hope to use assets with practical value as collateral as possible!"
"The fourth issue is international sanctions. You must guarantee the confidentiality of our identities and prevent us from being sanctioned because of this!"
Sean's questions are all crucial. Everyone is happy to come in and make money, but the problem is that if you can't make money, it's a matter of life and death. These questions are all bottom-line issues.
“We can use the shares of state-owned enterprises as collateral!” the bank manager replied.
Sean shook his head and looked at Lu Feng. As the middleman, Lu Feng straightened his clothes and said, "Time is tight now. Mr. Sean, please state your conditions directly. What do you want as collateral?"
“Gold! You have gold reserves in the US, so half of our funds must be in gold as collateral, and for the other half, some of my clients prefer arms!” Sean replied.
The atmosphere at the scene immediately changed. Su Yourong and Zhenkun were also shocked, looking at Lu Feng. Who were Sean's clients? Weren't they all financial companies?
Maha's expression changed as well. These really are hard currency. Other things may depreciate, but these two will never depreciate.
The leading military figure shook his head slightly. They could not agree to this condition. In the United States, gold reserves are the foundation of currency. Once those gold reserves are taken away, it truly means that the country is completely finished.
They haven't gotten to that point yet. Right now, they're just getting beaten up and begging for mercy, but the other side isn't paying attention. To put it bluntly, the US just wants to teach them a lesson, not kill them!
"Can't!"
Upon hearing this, Sean immediately stood up and said, "Then we have nothing more to discuss, Your Highness. We'll be leaving now!"
Sean gave no one time to react, and disregarding etiquette, he stood up and left with his men.
The scene was extremely quiet. Maha's gaze was fixed on Lu Feng, who simply sat there. He didn't know whether he wanted to pull Sean along to get the most chips, or whether he wouldn't accept anything other than this condition.
After a long silence in the reception room, Maha said, "Everyone has worked hard, let's call it a day."
After Maha left, everyone got up and walked out. Several of the reception staff saw Lu Feng and his group out, and as they got into the car, they whispered to Lu Feng, "Let's talk some more. The conditions are a bit harsh!"
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