Back To 1995

   Chapter 492 Take chestnuts from the fire

  Baumner is an architectural designer in San Jose. He once studied under the great designer Frank Gehry and is now one of the partners of a design company.

On weekdays, Baumner doesn't pay too much attention to financial news. Today in Greck's villa, Baumner saw Song Yang leaving while he was chatting with a few acquaintances. Come in.

   Baumner is no stranger to Song Yang. In San Jose, Baumner has heard the names of countless geniuses, but Song Yang is still one of the names Baumner has heard the most in recent years.

  As an architectural designer, Baumner is in San Jose, and he has received a lot of design orders from some technology companies to build headquarters. There are naturally many news about Song Yang, and the most likely one is ICQ headquarters.

  Baumner still has vision. He knows that as long as the Internet industry really develops, technology companies in San Jose will definitely establish their own headquarters in the future, and the big list he gets will definitely be indispensable.

Just when Baumner was about to get up and talk to Song Yang, he saw Song Yang staring at the TV, Song Yang and Greck whispering a few words from time to time, seeing this situation, Baumner stopped himself footsteps.

Only on NBC's international news channel, the hostess said, "The latest overseas news, Siam, an emerging economic region in Southeast Asia, announced that starting today, it will officially abandon the fixed exchange rate with the US knife, and the Thai baht, which has maintained a fixed exchange rate for 13 years, will be A huge change has taken place…”

When he heard this, Baumner still had some hindsight. He was not proficient in this area, and Siam was too far away from America. Baumner's impression of Siam was still 70 years old. In the 1990s, the Cochin that made America lose an entire generation, knew that Siam was next door to Cochin, and that was it.

   But Baumner saw that Song Yang's face became a little serious when he saw the news, and after saying a few words to Glick, the latter immediately picked up the phone and went upstairs.

  Baumner didn't know why a Siam, which was far away from overseas, could attract Song Yang's attention.

   "Wall Street analysts warned the Thai baht and the Siamese region's economy that Siam is facing a huge debt crisis, with short- and medium-term debt reaching US$79 billion, while the US dollar held is only US$33 billion!"

   It really is the style of Wall Street. Yesterday, Asia was still touted as the engine of the world economy. Today, I began to warn that Siam and other places are at risk. This face change speed should not be too fast.

   Once Wall Street started to do it, it would be wave after wave, one wave after another, giving Siam no chance to react at all.

   Just a few minutes later, several major public television stations in America began to collectively turn their guns to Siam, and all kinds of news continued.

   "Nine finance companies and 11 mortgage companies in Siam have a liquidity crisis!"

   "Moody's announced the adjustment of the credit rating of the three largest banks in Siam from A2 to A3."

   "Siam's export expectations for the new quarter have fallen sharply, with an increase of less than 4%!"

   "Wall Street analysts have issued a warning to the Siam region, and many American banks have suspended short- and medium-term lending to Siam!"

   If you turn on the international news and financial channels of any TV station, you can see serious-faced analysts and experts and professors warning the Siamese economy.

Even ICNC TV is no exception. Although they did not directly let ICNC report this, there are still several PR companies from Washington who have invested two million dollars in advertising sponsorship fees to ICNC, and the requirement is that ICNC be in the news. , broadcast a few manuscripts they provide!

   As the center of global news, when America's public opinion machine started to activate, the news of the change of the Thai baht in Siam instantly spread all over the world.

  Baumner hurriedly left the stage after seeing Song Yang watching the news on the TV station, so that Baumner could only unfortunately miss the opportunity to develop relations. After all, he was also one of the richest in America.

   The next day, when Baumner returned to the architectural design office, he saw many designers holding a newspaper, while the partners of the other two design firms were also staring at the TV.

"Quantum Fund announced today that it is short on the Thai baht. It is reported that the world's most famous hedge fund, the founder of Quantum Fund, Soros, who has shorted the British pound and Japanese yen, has officially begun to short the Thai baht. As of now, the Thai baht has fallen by 30% in a single day. , The exchange rate with the US dollar has been reduced from 25 baht to one US dollar to 33 baht to one US dollar, the Thai baht has hit a new low in 13 years, and the Quantum Fund has racked up 240 million US dollars in a single day!"

Watching the news on the TV, the lawyers of the two design firms shook their heads. As can be seen on the TV, after the market opened today, Siam's stock market plummeted, as if there is no end at all. There is also Siam. Investors jumped from the rooftops.

   "Siam is over!"

The partners of the two architectural design companies saw on TV that there were long queues in front of the major banks in Siam, all eager to exchange the Thai baht in their hands to the Siamese who exchanged them into foreign currencies. The chaos of the Siamese stock market and foreign exchange, even a layman, can see that Siam was bitten by Soros this time.

   "Soros this time, I'm afraid he is really going to make crazy money. He has never failed in his shots, these vampires!"

The two partners, watching the TV reports with the mood of watching a play, were a little disgusted with Soros. They knew that he was a vampire, but they were a little envious. They stole it from Siam in one day. More than 200 million US dollars, how can they not make people jealous, they have no chance, if they have the opportunity, I am afraid they will not let it go.

   "What's the matter with you, Baumner?"

   The two partners who were chatting, turned around and saw Baumner who was a little dumbfounded. I don't know what happened to Baumner.

Baumner shook his head slowly, watching the news on the TV, Siam was mourning everywhere, while the Quantum Fund, Tiger Fund, etc. were making crazy money. Thinking of Song Yang that he saw last night, Baumner watched the two. The partner asked a sentence, "This time, will Soros be the only one to do it?!"

   The two partners were obviously stunned for a moment. This time, the Quantum Fund has created a huge momentum. Soros alone will definitely not be able to raise such a storm.

   "So what," one of the partners stretched, "no matter how many people do it, what does it have to do with us!"

This hunt has nothing to do with people in America and most of the region. Basically, it's all about eating melons and watching a show, watching Soros' gang rob them and wash away all the wealth accumulated in Southeast Asia for more than ten years. null.

   But Baumner had a feeling in his heart that this time, those who cut leeks in Southeast Asia, I can't say, also have Song Yang's share!

   Just like the first domino of a fallen domino, when the Thai baht began to fall, countless Siamese companies and investors began to find ways to convert the depreciating Thai baht in their hands into US knives, gold, etc.

In addition, Soros and other hedge funds rushing over smelling fishy smell, cooperated with institutions on Wall Street to sell the Thai baht frantically. In just two days, it dropped by 60%, and the entire Siam has basically begun to collapse. , the foreign exchange of more than 30 billion US dollars has long disappeared without a trace!

   "PayPal users have increased by more than 480% in Siam. PayPal, which has opened business in Siam, has set another record in a single day, with more than 210,000 new users!"

  When Siam was full of storms, PayPal entered the Siamese market with a high profile. By supporting the function of exchanging foreign currency, the number of users exceeded 500,000 within a few days.

Although the amount of foreign exchange that can be exchanged for each user is very small, it is more than 20% lower than the official foreign exchange exchange, and there is a handling fee of more than 15%. For this, Siamese users who can go to the PayPal platform to exchange, Still a steady stream.

I am afraid that anyone who looks at the banknotes in their hands will lose tens of percent in value a day, and they cannot be exchanged from the bank at all. Seeing that the banknotes in their hands are about to become waste paper, I am afraid that anyone can seize the opportunity to exchange waste paper for money. , will not let go!

Siam's Internet level is not high. Within a few days, more than 500,000 users have registered as PayPal users, which is quite exaggerated data. Many users who don't even know what the Internet is, hear that PayPal can be used. After exchanging Thai baht for US knives or gold, they all ran over in groups, and there were even dozens of people who exchanged it with a PayPal account.

   "PayPal users are expected to increase significantly in Siam, Cochin, Singapore, Japan, Malaysia and other places in the next few weeks!"

The person in charge of PayPal dispatched to Asia reported to Song Yang, Aaron Swartz, Greck and other executives by phone. After this wave, PayPal has basically gained a firm foothold in Southeast Asia. I am afraid that the local users are I would rather trust PayPal than the local banks. In just a few days, more than 58 banks in Siam have closed their doors.

   "PayPal has to gain a firm foothold in Siam and other places and establish relationships with local companies and major customers!"

Song Yang explained to the person in charge of PayPal over the phone that PayPal entered Southeast Asia and other places this wave and attracted a large number of users. Where the exchange rate of Siam has collapsed, PayPal provides foreign exchange exchange, and may instead bear some of the losses.

This is a bet. After the bet is finished by Soros, Siam can relax. Then the users, relationships and contacts established by PayPal in the local area can be used. In the future, Siam will do foreign trade and cross-border transactions. Merchants will use PayPal to transfer money, Siamese users will use PayPal account to transfer money, and even pay salaries and the like, then PayPal is estimated to make a lot of money every year in Siam!

   (end of this chapter)