Extraordinary Genius
Chapter 920 – Rekindling hope
Thailand’s Prime Minister immediately flew to Singapore. He still must visit Indonesia, Malaysia, and other countries.
Feng Yu saw this news report and knew Thailand’s foreign reserve is empty. Chavalit is visiting the other countries to borrow money. He wonders how much can Chavalit borrow this time.
From the number of countries Chavalit is visiting, he should be going to borrow a large amount.
Feng Yu’s phone rang, and it was Soros.
“George, what is it?”
“Have you watched Thailand’s news? Chavalit is visiting Singapore, followed by a few other countries.” Soros asked.
“Yes. He should be going there to borrow money. Why? You are worried we do not have sufficient funds if Thailand got loans from those countries?”
“I do not have enough funds. Can you raise more funds? If Thailand manages to raise more than 10 billion USD, we will be in danger.” Soros sounded worried.
Huh? Does Soros not have enough funds? Impossible!
Soros was making a comeback and had raised a significant sum of money this time. With Feng Yu’s funds entering the market, it will be enough. Did Soros start to build large portfolios in the other countries?
Feng Yu suddenly felt Soros is lying and want to know if he had hidden any money elsewhere. Maybe he is trying to get Feng Yu to transfer Hong Kong’s funds away, and he can take the opportunity to attack Hong Kong?
It’s possible!
Soros is a cunning old fox, and this is the third time he is attacking Thailand. How can he not be prepared? Feng Yu felt that even if he had not participated this time, Soros and his men would still win.
With Feng Yu participating in the war this time, Soros can short more Thai Baht. He should still have money left!
“I got no more money. I had used all my companies’ shares to get loans, and the interest is very high. If you do not have enough funds, I will cancel all my future contracts tomorrow to stop loose!”
Feng Yu starts to be unreasonable. If you don’t take out more money to win the Thai Government, I will leave. Although I might suffer some losses, you will suffer more!
Feng Yu had nothing to lose. Let’s see who has the upper hand!
Soros backed off. “Feng, don’t be anxious. We might not lose yet, and the Thai Government might not borrow enough money to win us. Although we do not have any funds left, we must stand firm. The Thai Government will use the floating rates to stop losses. This is their last trick, and we will give them a deadly blow when it happens! We will recover all our losses within a day!”
“I hope so. Anyway, I will withdraw immediately if Baht rise above my acceptable range.” Feng Yu did not say what his acceptable range is, but is saying this to threaten Soros.
After hanging up, Soros was troubled. Feng Yu was right about Soros still has sufficient fund, but Soros wanted to build bigger portfolios in the other countries. That’s why he thought of making use of Feng Yu to put in more money.
Now, the more Baht they sold, the more their losses will be. Soros also does not want to lose so much of his own money.
Soros is only testing if Feng Yu still has funds hidden. He felt Feng Yu should have more funds hidden somewhere.
Furthermore, Feng Yu is from Hong Kong, and there are many tycoons like Fu Rongqi there. Feng Yu can easily raise a few billion USD from them.
Soros had found out that Feng Yu is close to the Fu Family and Superman Li. If Feng Yu can rope in these two families, they can win the Thai Government easily.
But Feng Yu did not fall for it, or he is not as close to those two families as the rumors. After all, there is a big age difference between Feng Yu and the heads of those two families. They will not listen to a young brat.
After this phone call, Soros felt Feng Yu is nothing to be afraid of. After sweeping the Asian Countries clean, he will attack Hong Kong, and make Feng Yu lose all his profits from Thailand!
If you refuse to join us, you are my enemy. Weakening my enemy is something I like to do!
Feng Yu and Soros might be cooperating now, but they are wary of each other and might fall out anytime.
They will not fall out anytime soon, as they still have not made any profits yet. But once both have made money, it will be different.
Feng Yu does not like the rest of the countries in Southeast Asia, because once China’s economy grows, China will be a threat to them, and they will surely find ways to stop China.
Feng Yu is a patriotic Chinese, and China’s economy has a direct impact on his businesses. If China is poor, there will be very few Chinese tycoons.
After those countries’ economies had crashed, China’s growth will be faster. Don’t tell me that the US Government is not supporting Soros from the shadows.
These few countries in Southeast Asia are developing rapidly and have many wealthy citizens. This will weaken the US influence on these countries’ citizens.
Only when these countries are undeveloped, the US will be seen as more powerful. This way, the US can keep its seat as the ‘Big Brother’ of the world.
Even the Soviet Union had been disintegrated because of the US. How can the US allow other countries to develop? During this Asian Financial Crisis, the US will also want to suppress China’s economic growth.
To the US, the threat from China is much higher than in Russia. That ‘man’ is still around and will increase the threat against the US. Once China grew stronger, Taiwan will be taken back by force.
Soros is good at using politics to speculate. Feng Yu will never believe that Soros is not related to the US government.
Both the US and China have to benefit from this Asian Financial Crisis. China’s trade with those countries is not high in the first place. Once the international investors noticed China’s economy is developing fast, they will bring their investments to China.
The Chinese Government doesn’t even need to offer subsidies or offer special treatments to them.
……
The next day, Basong appeared in front of the reporters again and started his victory speech. “We had borrowed 7 billion USD from Singapore! Those international speculators will not be a match for us!”
Once this news is reported, the Thais rekindled hope for Thailand’s economy. Some foreign investors who had wanted to leave changed their minds.