As a veteran, Song Zhichao knew clearly that the point of the outbreak of the Asian financial crisis in the future was Thailand's foreign exchange mechanism.

In fact, until the late 1980s, Thailand still implemented a strict foreign exchange management system. In the 1990s, the Thai government felt that Hong Kong would return in 1997. The downturn on the island was an opportunity. It decided to compete with Hong Kong to replace the status of Hong Kong's financial port and build Thailand into a financial center in Southeast Asia and even the entire Asia. To this end, policies were formulated to allow foreign financial institutions' funds to enter and exit Thailand freely without the need to be regulated by the central bank.

As soon as this policy came out, a large amount of overseas funds mainly in US dollars flocked to Thailand, and used low interest rates as bait to lend large amounts of Thai companies and individuals. Foreigners were even allowed to borrow Thai baht freely.

From 1990 to 1996, Thailand gradually opened its capital account until it was finally fully opened. By 1996, foreign capital could come in to buy stocks at will and buy real estate at will. What's more terrible is that foreign capital could withdraw from the real estate and stock markets at will.

In just two years, Thailand's economy has become completely bubbled, land prices have been rising steadily, stocks have reached new highs, and people have borrowed money to buy cars and houses, and the sings and dances have risen to a false prosperity.

It was at this time that the international financial tycoon Soros targeted Thailand and used all means to start sniping the Thai baht. He first mortgaged US Treasury bonds and exchanged them from Thai banks to Thai baht, and then sold the Thai baht internationally, shorting the Thai baht, causing the Thai baht to devalue.

At this time, Soros could buy a lot of baht with a small amount of US dollars to repay to the Thai bank. Under such positive and negative hedging, the baht depreciation became increasingly strong, and Soros took the opportunity to earn a lot of US dollars.

Of course, Song Zhichao could not tell Yan Tong so clearly, but just told Yan Tong that there were loopholes in Thailand's finance and that this crisis is likely to break out, and explained in detail the false prosperity of Thailand's economy and the shortcomings of Thailand's foreign exchange market.

...

Song Zhichao's story is over—

Yan Tong is a businessman and a gold jewelry business, and his mind is also moving quickly. He immediately asked Song Zhichao a question: "A financial crisis broke out in Thailand. Will gold appreciate in value?"

The meaning is very simple. Yan Tong guessed that Song Zhichao wanted to hoard gold and then make a big profit after a crisis broke out in Thailand. After all, gold is a hard currency and can maintain its value.

In fact, many people think this way like Yan Tong - as long as the financial crisis breaks out, the price of gold will definitely rise.

But what surprised Yan Tong was that Song Zhichao replied: "No, on the contrary - after the outbreak of Thailand's financial crisis, international gold prices will depreciate!"

Yan Tong almost bit his tongue: "Are you wrong? You asked me to hoard gold depreciation?"

Song Zhichao laughed: "Only when the global financial crisis breaks out, gold will appreciate; for such regional, whether Americans, British, or French, everyone uses money to snipe the Thai baht. If you want to make a big fortune in Asia, who will spend money to buy gold? Of course, gold will fall!"

"In addition, when the people of Thailand see a financial crisis in the country, what will they do at the first time? The cars and houses they buy are all loans. Seeing that the banks are urging their loans, of course, they sell the gold at hand to pay off their debts. In this way, the price of gold will fall even more."

Yan Tong: "..."

I feel like I don't have enough brains.

"You are talking about gold falling so much - but why do you still have to spend money to hoard? It would be fine if you spent 3 billion, but you still have to pull me into the sea. Do you think I am stupid?" Yan Tong pointed at his nose, feeling that Song Zhichao looked down on him too much and regarded himself as a person with an IQ arrears.

Song Zhichao smiled and felt that it was too tired to talk with Yan Tong, so he squatted down and sat directly on the ground again.

Yan Tong was old and couldn't stand the trouble. Seeing Song Zhichao sitting down, he sat on the ground, and hammered his legs with his hands and said, "I'm old!"

"When did I tell you that hoarding gold is for speculation?" Song Zhichao said with a smile.

"What's the meaning?"

"We hoard gold to do business - to do business with the Thai government." Song Zhichao said lightly.

Immediately afterwards, Song Zhichao told Yan Tong some of his plans.

According to the trajectory of previous life, in a few months, the financial tycoon Soros will snipe the Thai baht. At that time, the entire Thai economy collapses and the miserable storms are everywhere.

The Thai government has come up with policies to save itself, but it is suffering from insufficient foreign exchange reserves, especially gold reserves. At the same time, major foreign banks have been collecting debts from Thailand, which has made the Thai economy, which was already in a quagmire, even worse. In the end, Thailand had to announce that the Thai baht will no longer follow the US dollar and officially depreciate, which has further spread the financial storm from Thailand to other Asian countries and regions.

What Song Zhichao has to do now is to let the Chinese people in Thailand take out the hoarded gold to help the Thai government when Thailand is in isolation and helplessness. The key point is that gold has not depreciated at this time, and it is definitely a hard currency of real money.

Why help Thailand?

The reason is very simple. First, delay the time for Thailand's economic collapse and give other regions, especially Hong Kong, sufficient time to deal with it. Second, using this batch of gold to bargain with the Thai government, it is best to use the Thai overseas Chinese organization to control Thailand's economic lifeline.

For Song Zhichao, this is his greatest contribution to China and Hong Kong after the 1997 economic crisis.

For the Chinese in Thailand, this transaction seems to be a loss. In fact, as long as Thailand accepts their aid, their political and economic status in Thailand will be further improved and consolidated in the future. After all, their overseas Chinese are willing to give out real gold for aid in Thailand when Thailand is in the most dangerous situation, which is even more loving to Thailand than the Thais.

After listening to Song Zhichao's plan, Yan Tong said nothing.

Suddenly, Yan Tong said: "You can organize the four major Chinese businessmen in Chinatown to implement such a huge plan together with you. Why did you choose me?"

Song Zhichao laughed: "What do you think?"

Yan Tong also smiled: "Because I am easy to control, right? You helped me run for the chairman of Chinese businessmen, and let me command so many Thai Chinese businessmen; now you let me see so many gold reserves without any hiding. The purpose is to make me believe in you, make me believe in your sincerity, and make me believe in your plan, right?"

Song Zhichao smiled and said nothing.

Yan Tong was obviously a little angry, feeling that Song Zhichao had regarded him as an easy-to-manipulate puppet, and was underestimated by Song Zhichao - after all, he was a person who had been Inspector Hua, had once been majestic and had the capital to be proud.

"What if I don't agree? Do you really want to lock me up here?" Yan Tong sneered.

Song Zhichao did not answer, but took out something from his pocket and handed it to Yan Tong and said, "Look at this first!"

Yan Tong took it and saw it, but it was a letter.

The envelope was very ordinary, but the person who signed it on it was very unusual, because when he saw the name Yan Tong, his mind trembled.

There are two big words written on the envelope - Lei Luo!

Five hundred million Inspector Lei Luo!

Yan Tong is the immediate boss who is dominating Xiangjiang, and the famous Inspector General Hua!

Yan Tong resisted his excitement and to be honest, he had not contacted his old friends and superiors for many years, especially Lei Luo.

Unexpectedly, Lei Luo actually wrote to him now. How could this not make Yan Tong excited?

He opened the letter with his hands tremblingly, and the familiar handwriting appeared on the paper.

In the letter—

Lei Luo first greeted Yan Tong, then briefly talked about his former friendship and his life in Canada, and finally talked about Song Zhichao going to Canada to find him, with the purpose of asking him to persuade Yan Tong to cooperate with Song Zhichao and do something for Hong Kong together - in Lei Luo's words, "This is also a kind of atonement."

After reading the letter in his hand, Yan Tong closed his eyes deeply, not knowing what he was thinking.

In a moment—

Yan Tong opened his eyes and said to himself: "I used to listen to Lei Li's private words the most. He is a good boss, loyal and has clear rewards and punishments. The most important thing is that he never harms us..."

Speaking of this, Yan Tong looked at Song Zhichao, sighed softly, and said, "I believe he won't harm me this time."

Song Zhichao: "What do you mean..."

"I mean, even if this time I'm losing money, I'll do it! Just as Lei Si R said, I'm just helping myself atone for my sins - I used to harm the people of Hong Kong a lot, but now I'm sacrificing my life for justice!"

Song Zhichao: "You will never regret it - if this plan is successful, then in the future, Chinese people will be able to have the right to speak in Thailand's politics and economy. Yan Tong can also tell everyone openly that you can control the government, you can control the economy, and the Chinese you represent in Thailand can be said to be the same - even, you are Thailand's well-deserved 'uncrowned king'!"

Yan Tong smiled and wanted to get up with a crutch, but because she sat on the ground for too long, her legs were a little numb and she couldn't get up.

Seeing this, Song Zhichao stood up first, then reached out and pulled Yan Tong up.

Yan Tong shook his head and said self-deprecatingly: "I'm old and useless--I was crying just now, but now I can't stand up. Today I've lost all my face in my life." After that, he patted his butt, and then asked unexpectedly: "I am the uncrowned king, what are you? Don't tell me that you took out 3 billion US dollars for nothing just to do good deeds..."

"What do you think?" Song Zhichao reacted very quickly.

Yan Tong looked at Song Zhichao, suddenly walked over, stared at Song Zhichao's bright eyes, and said word by word: "If I were the 'uncrowned king', then you are the 'Update Emperor' behind the 'uncrowned king'!"

When Song Zhichao heard this, he smiled without saying a word.

Yan Tong knew that he was right, and couldn't help but sigh: "This is really the old wave of the Yangtze River pushes the old wave, and heroes produce young people - spending 3 billion to get control of a country, this business is too cost-effective!"

Song Zhichao smiled slightly: "Inspector Yan is serious,"
Chapter completed!