Back to 1995

Chapter 492
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. He is worth a lot of money.

On weekdays, Baumner didn't pay much attention to financial news. Today, in Greck's villa, Baumner saw Song Yang leave when 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 has received design orders from some technology companies to build headquarters in San Jose. Naturally, there have been many news about Song Yang, and the most likely one is the ICQ headquarters.

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

Just when Baumner was about to stand up and have a relationship with Song Yang, he saw Song Yang staring at the TV. Song Yang and Greg whispered a few words from time to time. Seeing this situation, Baumner stopped himself. footsteps.

I saw on NBC's international news channel, the hostess said, "The latest news from overseas, Siam, an emerging economic region in Southeast Asia, announced today that it will officially abandon the fixed exchange rate with the US knife. The Thai baht, which has maintained a fixed exchange rate for 13 years, will Great changes have taken place..."

When he heard this, Baumner was still a bit late. He was not proficient in this area, and Siam was too far away from America. Baumner’s impression of Siam was still in the 70s At that time, the Cochin that made America lose a whole generation knew that Siam was next door to Cochin, that's all.

But Baumner saw that when Song Yang saw the news, his face became a little serious, and after talking to Greg, the latter immediately picked up the phone and went upstairs.

Baumner didn't know why a Siamese country far away overseas could attract Song Yang's attention.

"Wall Street analysts have issued warnings about the Thai baht and the economy of the Siam region. Siam is facing a huge debt crisis. The short-term and medium-term debts have reached 790 billion U.S. dollars, while the holdings of U.S. dollars are only 330 billion U.S. dollars!"

Sure enough, it is the style of Wall Street. Yesterday I was still touting Asia as the engine of the world economy. Today, I started to warn that Siam and other places are at risk. Don’t change your face too fast. It’s comparable to Britney turning into a cow lady... …

Once Wall Street started to make a move, it would be wave after wave, one wave after another, without giving Siam a chance to react at all.

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

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

"Moody's announced that it will adjust the credit rating of the three major banks in Siam from A2 to A3."

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

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

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

Even ICNC TV station is no exception. Although ICNC TV station did not directly let ICNC TV station report these, there are still several public relations companies from Washington, which have invested a $200 million advertising sponsorship fee to ICNC, and the requirement is that ICNC be in the news. , broadcast several manuscripts they provided!

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

After Baumner saw Song Yang watching the TV news, he left in a hurry, which made Baumner regretfully missing the opportunity to build a relationship. After all, he was also one of the richest people in America.

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

"Quantum Fund announced today that it is bearish on the Thai baht. It is reported that the world's most famous hedge fund, the founder of Quantum Fund, Soros, who once shorted the British pound and the Japanese yen, has begun to officially short the Thai baht. As of now, the Thai baht has fallen by 30% in a single day. , The exchange rate with the U.S. dollar has been reduced from 25 baht to 33 U.S. dollar to 13 baht to 4000 U.S. dollar. The Thai baht hit a new low in [-] years, and the Quantum Fund raked in [-] million U.S. dollars in a single day!"

Watching the news on TV, the lawyers of the two design firms shook their heads. It can be seen on TV that after the opening of the Siamese stock market today, it plummeted, as if there was no end at all. Investors, news about jumping off the roof.

"Siam is over!"

The two partners of the architectural design company saw on TV that there were long queues in front of several major banks in Siam, and they were all Siamese eager to exchange the Thai baht in their hands into foreign currencies. The messy Siam 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's really going crazy. He's never failed before, these vampires!"

The two partners looked at the TV report with the mood of watching a drama, and they were a little disgusted with Soros. They knew that he was an out-and-out vampire, but they were a little envious. They snatched him from Siam in one day. More than 2 million U.S. dollars, how can we not make people jealous, they have no chance, and 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 talking turned around and saw Baumner who was a little dumbfounded. They didn't know what happened to Baumner.

Baumner shook his head slowly, watching the news on the TV, Siam was crying all over the place, Quantum Fund, Tiger Fund, etc. were making crazy money, then thinking of Song Yang he saw last night, Baumner looked at the two A partner, asked a sentence, "This time, will Soros be the only one doing it?!"

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

"So what," one of the partners stretched, "No matter how many people do it, it has nothing to do with us!"

This siege has nothing to do with people in America and most of the regions. It is basically just watching the show, watching Soros and his gang robbing all the wealth accumulated in Southeast Asia for more than ten years. null.

But Baumner had a feeling in his heart that this time, Song Yang was also a part of the leek harvesting in Southeast Asia!
Just like the first domino that fell, when the Thai baht began to fall, countless companies and investors in Siam began to find ways to exchange the depreciating Thai baht into US dollars, gold, etc.

In addition, Soros and other hedge funds came here smelling fishy smells, cooperated with Wall Street institutions, and sold Thai baht crazily. In just two days, it fell by 60%. The whole Siam has basically begun to collapse. , that more than 300 billion US dollars in foreign exchange has long since disappeared without a trace!
"PayPal users have increased by more than 480% in Siam. PayPal, which opened business in Siam, set a new record in a single day, with more than 21 new users!"

When Siam was full of wind and rain, PayPal entered the Siam market with a high profile. Relying on the function of supporting foreign exchange, within a few days, the number of users exceeded 50.

Although the amount of foreign exchange that can be exchanged by each user is very small, compared with the official foreign exchange exchange, it is more than 20% lower, and more than 15% of the handling fee must be paid. For this reason, Siamese users who go to the PayPal platform to exchange, It is still a steady stream.

I am afraid that whoever looks at the banknotes in their hands will depreciate by tens of percent a day, and cannot exchange them from the bank. Seeing that the banknotes in their hands are about to become waste paper, I am afraid that anyone who can seize the opportunity to exchange waste paper into money , will not let go!
The Internet level in Siam is not high. Within a few days, more than 50 users registered as PayPal users, which is a rather exaggerated figure. Many users who don’t even know what the Internet is, heard that PayPal can After the Thai baht was converted into US dollars or gold, they all ran over in groups, and even dozens of people exchanged 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 sent to Asia reported to Song Yang, Aaron Swartz, Gleick and other executives by phone. After this wave, PayPal has basically gained a firm foothold in Southeast Asia. I am afraid that local users are I would rather trust PayPal than those local banks. In just a few days, more than 58 banks in Siam have closed down.

"PayPal needs to establish 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 has entered Southeast Asia and other places this time, and has attracted a large number of users. In places like Siam where the exchange rate has collapsed, PayPal provides foreign exchange exchange, and it may instead bear part of the loss.

This is a gamble. After the gamble is finished by Soros, if Siam can relax, then the local users, relationships and contacts established by PayPal can be used. In the future, Siam will do foreign trade and cross-border transactions. Merchants will use PayPal to transfer money, and users in Siam will use PayPal accounts to transfer money, and even pay for salaries, so PayPal is estimated to make a lot of money every year in Siam!
(End of this chapter)