"Wow, so righteous and awe-inspiring. It's already midnight here, I don't have the energy to argue with you. Even if you're a woodpecker in the financial world, just say what you want to say!" Lu Feng asked.
“Our goals are aligned, so there are no enemies and no confrontation. My reason for calling you is simple: let’s all let each other go. At the close of trading today, you released five billion Thai baht worth of baht. We guarantee we will not continue to short the baht. Let the invisible hand of the market do the talking,” Soros said.
"I need to make a phone call about this!"
"Okay, I'll wait for your call!"
After the two hung up the phone, Lu Feng immediately called Maha. If this historically famous currency attack could be resolved amicably, that would be the best outcome. There are many uncertainties in the market. They want 5 billion baht, while Sean has several billion baht. Just let Sean make a 10% profit and leave.
People are less worried and afraid.
After Lu Feng explained the situation over the phone, Maha agreed to the plan and then contacted Sean, who was even more eager to accept it. Both the short and long sides felt immense pressure, unsure of how much money their opponents had to spend.
Earning hundreds of millions in just a few days with minimal risk is like a windfall for Sean.
At 1 p.m. on Wall Street, Robertson called Soros. He had contacted four private equity firms, offered them generous rebates, and raised another two billion dollars. After discussing it, the two concluded that the fact that the other party agreed so easily without any conditions meant that the opposing funds were also running out.
With another two billion, plus some scattered retail investors, if they successfully launch a major attack, not only will the profits be huge, but more importantly, Thailand will be the one seeking their help.
Finance is a high-stakes gamble. Online, it's about betting on the market and capital; offline, it's about blocking sales, supply, and profits. The losing side has no chance other than begging for mercy. In many cases, it's a gamble where you go all in.
The situation has come to this point, and all the bigwigs in the world know what's going on. They're now humiliated and struggling to recover their funds.
Where is your dignity?
Soros hesitated only slightly before immediately agreeing.
A few minutes later, a large number of sell orders suddenly appeared on the previously quiet trading screen. The bulls were clearly unprepared, and the K-line plunged, directly breaking through 38 yuan to 38.5 yuan, followed by 39 yuan.
"It's broken 38! It's broken 38!"
"This time it's really going to collapse!"
After the initial gasps of surprise from the crowd in the exchange, some people immediately rushed to open short positions, hoping to ride the wave of the major players' gains.
Lu Feng was stunned when he heard Manager Li's report on the phone. He exclaimed, "They smashed it again?"
"The buyers have already reacted. They rushed up to 38, but were immediately pushed back down. Now it's 39.6. The trading volume has increased significantly. In just a few minutes, 600 million Thai baht were traded. There are a lot of short positions, and many retail investors have entered the market. There are many small orders!" Manager Li reported.
Lu Feng's expression changed drastically, and he slammed his fist on the table, cursing, "These bastards, they've come to probe our defenses!"
Just as he finished cursing, his phone rang. Sean called to inquire about the situation. Based on the current trading volume, their funds might not last the last half hour. If the market collapsed at the end of the day, they would definitely not be able to recover their losses tomorrow.
“I don’t believe they have any money. You can report on the financial situation at any time. I’ll make preparations on my end. I’ll call Prince Maha and explain the situation!” Lu Feng said solemnly.
“Lu Feng, Wall Street still has a huge amount of capital. I only have one requirement: if the funds cannot be recovered, you must get the collateral!” Sean said in a low voice.
"They don't have that much money, don't worry!"
Lu Feng hung up the phone and called Maha. Maha was cursing angrily, but there was nothing he could do but hold on. Sean had finished off the enemy, and Lu Feng was the one to carry the team. If Lu Feng fell, the whole thing would be lost!
“Even if we survive this last half hour, the market opening tomorrow will still be a problem, so there’s only one way: raise interest rates! Raise the interest rate on the Thai baht tomorrow to bring back the Thai baht scattered around the world. If there’s no Thai baht in the market, they won’t be able to borrow it, and then they’ll only have one way out,” Lu Feng suggested. “Besides, most of the Thai baht should already be in our hands now. The remaining ones aren’t much money, and we won’t have to pay much interest!”
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