SFS Chapter 327 Jiang Weitai's Doubts
Chapter 327 Jiang Weitai's Doubts
Manjing Culture Oriental Hotel is located in the riverside area, only about four kilometers away from the Grand Palace.
This is an ultra-luxury hotel that is also ranked high in Bangkok.
expensive.
This morning, a guest from Hong Kong Island came to the hotel, and he arrogantly booked all 11 floors of 18 super suites with an average area of more than 200 square meters.
And one pack lasts for a week. Biqu library
You must know that all the rooms on the 11th floor add up to more than 6 million baht a day.
Equivalent to 1.1 million yuan.
However, this guest also has a lot of requests. First, outsiders are prohibited from entering the 11th floor. Second, the fire stairs can only be opened from the inside. Third, arrange a special elevator for them to go directly to the 11th floor and send people on duty. Fourth, Get them two Rolls-Royce Phantom limousines at their beck and call, and rent them out on a daily basis.
The general manager of the hotel agreed.
The guest readily paid a deposit of 5 million RMB.
And just in the afternoon, this arrogant guest was sitting with two young men, a man and a woman, in a private room of nearly 100 square meters separated for them by the western restaurant on the fourth floor.
Brother Jiang, what do you think of the economy of Qin State?
When the time came to 6 pm, the three of them had finished their meal and were leisurely drinking tea and chatting about the customs of the state of Qin when Ye Qiusheng suddenly changed the subject.
Jiang Weitai glanced at He Jingjing who was sitting next to Ye Qiusheng, and hesitated to speak.
Ye Qiusheng said: Speak freely, He is always on his own.
Jiang Weitai gave He Jingjing an apologetic look, which meant that the matter was confidential and I had to get the boss's explicit permission to say it.
He Jingjing smiled, she wanted to stand up and walk away, but Ye Qiusheng grabbed her, Jiang Ge is a cautious person, in fact, it’s not a big deal, we are going to stop the Thai baht, it’s okay to let you know, maybe you need me Do your part.
Jiang Weitai also said: Mr. He forgive me.
Mr. Jiang is being polite, just ask me if you need me, Qiusheng's matter is my business, and I will not hesitate to go through fire or water.
Jiang Weitai's heart shook.
This woman is not simple!
Ye Qiusheng interjected: Don't be too polite, Jiang Ge, tell me, does the economic situation in Qin country allow us to carry out this operation?
After the boss talked to me yesterday, I took the time to learn about the economic situation in Qin, but it was still very superficial, after all, I was not interested in Qin before.
I am the same, too lazy to understand, you tell me what you understand.
Ye Qiusheng held the teacup with both hands and put it to his mouth, gently blew on the surface of the water, and took a sip.
I checked some information. In 2017, China's gdp was 455.2 billion U.S. dollars and its foreign exchange reserves were 240 billion U.S. dollars, ranking 12th in the world
In the first quarter of this year, gdp increased by 7.4 year-on-year, and the economic situation is improving.
They have so much foreign exchange! Ye Qiusheng put down the teacup, frowned and said, can this still be done?
He just said it on a whim last night. He didn't know the economic situation of Qin State, and he thought that the foreign exchange reserves of Qin State were only tens of billions of dollars.
This gap is a bit big.
Jiang Weitai smiled and said: It's not that it can't be done. It is impossible for the Qin State authorities to pour all the foreign exchange reserves into it. If we do the calculations mentally or not, we have a great chance of winning.
Then tell me what you want to do. Ye Qiusheng took another sip from his teacup.
He temporarily put aside the entanglement of whether to do it or not, and asked a technical question.
Jiang Weitai said: Qin Guo is a country where cross-border capital can flow freely. Because of this, in 1997, the Thai baht and Qin Guo’s economy were attacked by overseas hot money and hedge funds, which caused violent fluctuations in the financial market and seriously affected their lives. The financial system and economy set their economy back for more than ten years. At that time, Qin had already stepped into the ranks of developed countries with one foot.
I know about this incident, I learned about it in college, and I also had the idea of blocking the Thai baht because of this financial turmoil, but I didn’t expect their foreign exchange reserves to be so strong. I remember that their foreign exchange reserves were only more than 10 billion US dollars in 1997.
The corners of Jiang Weitai's mouth twitched a few times, he wanted to laugh but didn't dare.
He doesn't understand why the boss who exists like a god in the foreign exchange market is so lacking in basic financial knowledge.
In fact, in 1997, Qin State’s foreign exchange reserves were about US$35 billion. After the financial crisis broke out, Qin State authorities successively threw out more than US$2 billion to stabilize the Thai baht market, but it did not have much effect.
At this time, Jiang Weitai was even more convinced that there must be a financial team behind the boss. The god-level operations in the foreign exchange market did not come from the boss himself, but the wisdom of that team.
But why didn't the boss block the baht let this team come forward?
Is it because they have another identity and cannot be present?
Or is it some other reason?
I can't figure it out!
Jiang Weitai continued: So it is very simple, we can completely copy Soros' approach.
How to copy? Ye Qiusheng asked a question.
Jiang Weitai looked at Ye Qiusheng.
Ye Qiusheng said impatiently: Don't look at me, I don't understand these things, I understand, you want to ask me how to understand foreign exchange trading, right? Let me tell you, there are specialties in the art industry, but I am sensitive to foreign exchange, understand.
Jiang Weitai thought to himself: Whatever you say is what you say.
He explained in detail: For example, we use 1 billion US dollars as collateral, and use 30 times leverage to borrow money from major banks in China.
With Qin baht, about 1 trillion baht can be lent out of the US$30 billion after financing.
Ye Qiusheng thought for a while, then nodded.
He remembered the knowledge he had learned in college, and he had a train of thought.
Then we spread the news that the Thai baht will depreciate, and then sell a large number of spot baht and buy US dollars. This will definitely cause panic among the people. Baht, in the early stage, we will even lose money.
Jiang Weitai took a sip of tea, and smiled at He Jingjing who was enthralled.
Continued: But when the run of the bank starts, you can’t suppress it. When the Qin government can’t stand it, it will let the exchange rate and stock market fall sharply. When it falls to a price we think is appropriate, we will sell it Buying Thai baht with U.S. dollars, and then using Thai baht to repay the money borrowed from the bank. The difference in the price is our profit. Soros used this method to earn 600% of the profit.
But now the foreign exchange reserves of Qin State are more than ten times that of 20 years ago, and the economy of Qin State is not as fragile as it was in 1997? He Jingjing understood, she interjected.
Jiang Weitai said with a smile: But the boss has money, Soros invested 15 billion US dollars, we can definitely invest 150 billion US dollars.
In fact, Qin Guo’s foreign exchange reserves are about 7 times what they were in 1997, not as much as ten times what He Jingjing said, and the investment is 10 times more than Soros’s, and some international hot money will come to you when they smell blood. And hedge funds can completely handle Qin Guo.
In recent years, some countries in South America have experienced financial turmoil at every turn, almost all of which are caused by hedge funds.
This is why Jiang Weitai was so excited when he heard that Ye Qiusheng wanted to build the Qin Kingdom.
He understands the boss's financial resources, and as long as there are no major mistakes, he will be successful.
So, how are you going to launch this operation? Ye Qiusheng asked again.
Boss, in order to implement it smoothly, it is necessary to set up a huge technical and operational team. This team needs people from various fields, such as those who are familiar with banking business, senior lawyers in international law, economic experts, senior traders, public relations personnel, etc.
No problem, this matter is up to you, and you have full authority to handle it. My only requirement is that you have a reliable character.
Don't worry boss, I have the means to restrict.
That's fine, but don't give them my information.
Ye Qiusheng does not think that blocking a country's currency can be done by one person, this huge task requires teamwork to carry out.
Understand, even my parents I wouldn't say anything without my boss's permission.