In 1990, Thailand accepted the relevant obligations of the International Monetary Organization and lifted restrictions on international payments for current account.

Starting from 1991, Thailand relaxed foreign exchange restrictions on capital account transactions.

In 1992, Thailand allowed domestic investors to obtain foreign funds from banks at lower interest rates, which made Thais wantonly borrow low-interest loans from banks for investment, and also caused Thailand's stock and real estate market to soar and the economy to bubble.

In 1994, Thailand continued to relax the amount of cash that can be carried by entry and exit, and also allowed foreign banks holding Thai offshore passports to set up branches in Thailand.

In this way, foreign capital entering and leaving Thailand is almost unrestricted, which opens the door for hot money to attack.

In addition, although Thailand has taken off its economic growth in recent years and is known as the four Asian tigers, it is actually mostly false. The only ones that perform well are real estate and finance. As for manufacturing, agriculture, etc., they are still at a relatively low-end position.

Especially in terms of export trade, there have been deficits year by year. In 1994, Thailand's foreign deficit was as high as US$8.9 billion; in 1995, this figure soared to US$14 billion...

The trade deficit has reduced Thailand's foreign exchange storage and its ability to resist risks is very low. In particular, its ability to deal with financial snipers is extremely weak.

To make matters worse, because the people borrow a lot of low-interest loans and are not restrained, the bank's bad debt rate is extremely high.

As far as summer knows, the non-performing asset ratio of many banks is even as high as 35%. Generally speaking, it is already very dangerous for banks to have bad debt ratios exceeding 5%.

Therefore, from the bank's bad debt rate alone, it can be seen that Thailand's economy seems to be prosperous, but in fact it is already in danger.

...

Sure enough, in early April, Soros began to snipe the Thai baht exchange rate.

The method he used was still the old routine.

First, they borrowed a large amount of baht from the bank and then sold the baht in the international market. After the exchange rate of the baht fell, they used cheap baht to pay the bill. In this way, the difference between them is the money they made.

Although this method is old, it is very effective for a weak country like Thailand.

Thailand has devoted its efforts across the country, but it does not have as much money as the quantum fund mobilized, so failure is naturally inevitable.

In early April, after Soros began to attack Thailand, the Thai baht exchange rate was turbulent internationally.

As soon as the Thai baht exchange rate turbulence occurred, it immediately affected Thailand's economy.

In order to stabilize the exchange rate, the Thai Bank immediately decided to use foreign exchange reserves to repurchase the Thai baht in the international currency market.

At that time, the Thai government did not expect that Soros would be the one who sniped the Thai baht.

It thought it was just normal fluctuations.

But unexpectedly, the more Thai baht sold, the more foreign exchange reserves they had, they had less and less. Seeing that the Thai baht exchange rate could no longer be supported, the Thai government had to announce that it would give up the contact exchange rate.

On that day, the Thai baht exchange rate fell in response, with a drop of more than 32%.

Because Soros has always liked to leverage, although the baht only fell 32%. After leverage amplification, Soros' profit may be as high as three or four times.

Therefore, Soros gained a lot when sniping in Thailand.

...

American side.

When Soros started to do something in Southeast Asia, he officially started filming "Butterfly Effect" in the United States in summer.

Ben Affleck and Angelina Jolie are both very excited about the hero and heroine who were selected by Summer to make their new film.

To be honest, although the two of them are now stars, their status is only second- and third-tier.

Xia Tian is above the first-line level. The so-called senior official level is a big hit, which is also feasible in the entertainment industry.

A big figure in the top Chinese Super League in the entertainment industry and a small figure in the second and third tier are like crushing an ant to death.

For example, the four-dan Shuangbing, the top actress in the mainland, has a high position in the industry. Their status in the crew is sometimes higher than that of the director. They say they are unwilling to work with any actor, even if the actor has signed a contract, joined the group, or filmed a movie, they will still be replaced.

This is the ecology of the entertainment industry. Big-name stars and small stars are completely at the same level, not people in the same circle.

So this also leads to psychological distortions of many celebrities. Once they become popular, they will be more rampant, more ostentatious, and more bullying than others. For example, a certain actress tried to be slapped when she was not popular in filming, and her face was swollen. But after she became popular, she became famous as a snob, and even her wedding candy was of different qualities when she saw people.

The distance between Ben Affleck and Angelina Jolie and Xia Tian is even bigger than that between second- and third-tier stars and first-tier superstars, so in front of Xia Tian, ​​the two really feel a little nervous.

"Don't be nervous, I won't eat people." Xia Tian looked at the actors in the crew and smiled slightly, "This is the script of "Butterfly Effect" and is officially sent to you now. But there is one thing that is absolutely no spoilers allowed, otherwise, I can guarantee that you will never stay in Hollywood again."

The ending of "Butterfly Effect" is the most exquisite and shocking design, and it also biochemically the theme of the movie. Only by sacrificing oneself can one fulfill others. This is a very high level! But if you spoil it in advance, it would be too boring.

After hearing what he said, everyone here couldn't help but look furious, and then they carefully opened the script of "Butterfly Effect" and started reading it.

They looked very seriously and very carefully.

It took nearly half an hour to finish reading the script.

Then they looked at Xia Tian at the same time, with a look of shock.

Especially Ben Affleck, his eyes looked at Xia Tian, ​​were extremely hot. It was like a crazy believer who saw God's enlightenment.

Affleck himself is also a screenwriter. The "The Mind Catcher" which won nine Oscars nominations was written by him and his good brother Matt Damon. It was very well written.

He considered himself a talented person, but after reading Xia Tian's script, he still felt a long gap.

In "Butterfly Effect", Summer arranged for the hero to travel through the past and change the future, but the story logic is always clear, the relationship between the characters is not confused at all, and the front and back echoes, especially the ending shocked him. To be honest, it is really one of the best scripts he has ever read.

He felt that he could not write such a wonderful script no matter what.

But Xia Tian can always write such a script, which is really worthy of his admiration.

"Mr. Xia, this script is really great." He couldn't help but say.

"Yes, it's really great!"

“The ending is really shocking!”

"I like this script!"

After hearing what he said, everyone agreed.

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Chapter completed!