When Lu Feng got the news, he was dumbfounded on the spot and asked himself to carry it?
According to their estimates, the second wave of short-selling power is at least 5 billion US dollars. Where can Lu Feng find these 5 billion US dollars? What's more, even if there are 5 billion US dollars, he will not throw it in for Thailand. The future of Thai baht
It is doomed to depreciate in several years, and there is no other way to go but to lose money if you invest.
The problem now is that Lu Feng is sitting on a tightrope. This matter is not a matter of non-governmental exchanges. Lu Feng has had close relations with Thailand over the years, and many things have official meaning behind them, because they cannot be discussed.
Lu Feng wanted to call Maha and explain, but after thinking about it, he might as well report it first. From Lu Feng's memory, there seemed to be no support from the higher authorities on this matter. What happened in Xiangjiang was the massive foreign exchange support.
I called him and asked around, but everyone on the phone said that he didn't care about this kind of thing. If it was three to five billion, he might be able to get a loan or something. With such a large amount of money, life in China would be tight.
I didn't care if I didn't pay him, and told Lu Feng to try to maintain good relations with relevant parties.
After hanging up the phone, Lu Feng sat on the sofa, lit a cigarette and scratched his head. He refused to pay and asked him to do things beautifully. This was very embarrassing.
Two days passed by in a flash, and Lu Feng had no clue. There was a commotion in the group, and Maha's phone calls came one after another. He was really desperate, so Lu Feng thought of a solution that was not a solution.
Lu Feng picked up the phone and called Maha. The assistant picked up the phone and waited for more than ten minutes before Maha's voice came through.
"Mr. Lu, how are you preparing your funds?" came the voice of a translator on the other end.
"Prince Maha, I don't have five billion dollars, but I have a way to fight against Wall Street. As long as I follow my method, they will definitely lose a fortune." Lu Feng's tone was very determined, as if economists were in front of him at this moment.
Seemingly ignorant, he continued: "At the same time, our country is very dissatisfied with this kind of international bullying, and is particularly willing to help you. The problem is that the domestic situation is not good, and there is nothing we can do."
Maha also knew that there would not be much help here, but he was quite curious about Lu Feng's method and asked, "What method?"
"Behind the financial economy is currency, and the biggest endorsement of currency value is physical objects. The current international bearishness on the Thai baht is nothing more than a revaluation of Thailand's properties. Since it is a valuation, there are highs and lows.
.Rather than clinging to a fixed exchange rate now, it is better to let go.”
"I know that after liberalization, the Thai baht will not be competitive in the international currency, which will lead to an increase in import costs. But as long as we make the valuation low enough, then there will be people to support the Thai baht. As long as currency and physical objects are separated for a period of time,
Give the currency enough depth, and then there will be room for maneuver." Lu Feng analyzed carefully.
"Wait a minute, what do you mean?" The person on the phone was a little confused.
"What I mean is, if they want to short the Thai baht, let them short it, lock your domestic enterprises, real estate, intellectual property and other valuable objects in a short period of time, making them untradeable. Then put them in, Wall Street is not saying
Fifteen baht to one U.S. dollar is too fictitious, so be more realistic. If in the eyes of short sellers, fifty baht to one U.S. dollar is reasonable, then we will help them suppress it."
“If the price of the Thai baht is raised to 75 baht per US dollar, the Thai baht, which was originally worth an inflated value, will become extremely valuable in an instant, and international currency speculators will see the opportunity to go long. In this way, the international
It would be far better to squeeze funds from each other than to blindly let others go short. Maybe the original loss was 50%, but now the loss is at most 20 to 30%." Lu Feng explained.
"I remember you said, what is this suffocation therapy?" Maha recalled.
"Almost, but one thing is that the other party will evaluate your domestic production value and use this to measure the value of the Thai baht. If you want to attract capital, you need to provide a different kind of ecstasy soup. Aren't they saying that Thailand's industry is hollowed out?
Then I broke the news to them in private: why workers are demanding wage increases, banks have a lot of bad debts, foreign exchange reserves are seriously depleted, etc.”
"It is necessary to create the appearance of national bankruptcy, so that smart people will re-evaluate the value of the Thai baht. They will not think that half the value of the Thai baht is the bottom, and will increase their efforts to sell short. When the real bottom appears, what will happen at the national level?
Carry out bargain hunting.”
"In this way, we can recover some losses and at the same time attract a large number of international speculators to enter the market and go long. At this time, we need to announce that the bad debts are fake, the workers are satisfied with their income, and there is no problem with the foreign exchange reserves, which will stimulate the national speculators to do crazy things.
"What's the best thing to use in the world? Of course it's leeks, it's the only way at the moment."
There was silence on the other end of the phone. After a long time, Maha said: "Mr. Lu, do you think you can come to us and serve as the Minister of Finance?"
"You're welcome, but there is a prerequisite for the implementation of this matter, that is, it must be kept secret, and at the same time, it must be publicized. As for confidentiality, some people on Wall Street cannot know about it. As for publicity, when you go long later, you must let many people know about it.
Liao Cai knows. There is another point, that is, the important assets in the stock market. I suggest freezing them directly and not trading them to avoid the stock market plummeting and being bought up by the cheap funds rushing in. "
"The Wall Street gang came in just to rob. They just needed to collect the valuables in the house and then tell the other bandits that they had stolen good things. Naturally, they started fighting with each other."
"Mr. Lu, this is a great idea. Really, I'm so grateful to you!" Maha thanked her endlessly and asked the person next to her if they had written it down.
"You're welcome, because there's something going on in the company right now that I can't leave. Otherwise, I can go over and sit down in person. If I have any questions, I'll call you immediately." Lu Feng exchanged pleasantries before hanging up the phone.
Sitting back on the sofa, Lu Feng didn't know where Thailand's fate would go. Whether it would be better than history or simply ruined by himself, no one knew.
It was already early November, and the internal demands within Jiafeng Group to re-select management equity representatives were becoming more and more intense. There was a conflict the day before yesterday, when two middle-level managers got into a fight with a security guard, and blood was seen on the spot.
There are constant insults against Lu Feng from the outside world. Some people even say that Lu Feng is preventing Jiafeng from becoming a foreign-funded company and does not care about the future of Jiafeng's hundreds of thousands of employees. It is just to satisfy his own power. Such remarks have even been criticized.
got the support of many people.
On November 17, 1996, a strike broke out at Jiafeng's Suzhou factory. Thousands of people gathered at the factory gate to demand workers' rights. The local police were dispatched. After some mediation, Lu Feng's reply to the factory director was that he agreed to resume work.
Perfect Attendance Award, he did not agree to the original proposal of 50 cents per piece for piece production, and still maintained the 30 cents per piece pricing.
On November 18, Goodley stood up for an interview with the media. During the interview, he accused Lu Feng of being ruthless and domineering on behalf of the Schroders Group.
Manipulate shareholders, seemingly retreat, and actually control every step of the company.
He converted a large amount of corporate funds into personal assets overseas, got involved in gangs and evil, beat others, and at the same time set up entertainment within the group, and wantonly played with the beautiful female employees and female executives in the company. He was simply a local emperor who ruled the sky with one hand.
After the interview, he announced in the group that day that in accordance with the group's past practice, the formal voting will take place tomorrow and does not need to be confirmed by the board of directors. As long as it is stamped, the voting results will be deemed legal.
In the evening, Lu Feng sat at home and watched the interview on TV. Jiang Xiaoyan on the side sighed and said: "This matter is too big and you can't fight it. Anyway, now your reputation is bad.
"
"You want to drive me away? It's not that easy." Lu Feng whispered.
"Then they will vote tomorrow and stamp the group's seal. What do you say? You did it before the stamping took effect, and you fired all the management." Jiang Xiaoyan glanced at Lu Feng and said, "Let's talk, I've been here for the past two days.
When I went out to eat with someone, someone knew about my relationship with you and even asked about it in private."
"Just say that we haven't contacted each other for many years. It doesn't affect you. It's just a group seal. I communicated with Zhu Lidong this afternoon." Lu Feng said expressionlessly: "Go to the headquarters tomorrow and grab the seal!"
Early the next morning, the group headquarters building was crowded with people. Some people on vacation even came to watch the fun. There were various banners downstairs. People who didn't know it thought there was some activity going on.
Many people in the crowd were whispering. One of the most agreed-upon views was that there was a problem with the location of the headquarters building. The feng shui was not good. As soon as they moved here, the group started to go downhill. Even after such a long time, there was still no problem.
a solution.
At 9:30 in the morning, Lu Feng's car parked in the parking lot. Wei Yandan and others had already arrived. The security guards were in front to maintain order. There were even several armed police vehicles parked on the roadside.
Lu Feng entered the company through the side door. When he got on the elevator, he heard someone shouting with a loudspeaker outside. They should have introduced six candidates for the management to vote. The security guards started pushing them there.
"Is the company seal here now?" Lu Feng asked Wei Yandan.
"They should all be here, but now this group of people won't listen to a word from us. They are completely out of control. The core power of the group has been controlled by Gudley." Wei Yandan said helplessly: "Even if you go to get the official seal,
They won’t give it to me either!”
"Take it? Why should I take it? I'm here to grab it!" Lu Feng said solemnly.
When they arrived at the top floor of the CEO's office, Lu Feng stepped out. Zhu Lidong and Du Guoying were both there. Lu Feng looked at them and said, "Collect official seals from each department!"
"Just a few of us? I'm afraid we can't beat him, right?" Zhu Lidong said with some doubts.
"A bunch of chickens and dogs, how many of them are really desperate for their lives? They are just making noise now." Lu Feng waved his hand and said: "Let's go!"