Currency depreciation is conducive to reducing debt. This is a very basic common sense theory in the financial industry, and many people know it.

Simply put, I borrowed a hundred dollars in debt yesterday, and the US dollar depreciated by 10% today. That means I can repay the debt by just preparing other currencies worth ninety dollars. This means I did nothing and just waited for a day and paid back ten dollars less.

The most simple and simple example of repaying foreign debts in the world through this means is the United States, so the United States dares to issue so many national debts to the whole world because it is not worried that he will not be able to pay them back.

As long as the US government’s debt is too much to afford, as long as the US dollar depreciates once, it can pay off a lot of debts.

Of course, the situation in Thailand is different from that in the United States, but the financial concepts are the same. The most important thing is, if you don’t need Thai baht to buy and repay Thai debts?

So since you are using Thai baht, isn’t it equivalent to reducing debts now?

This is a rhetoric that Zhou Ming had prepared for a long time. Just kidding. The Southeast Asian financial crisis was so powerful that various newspapers and financial channels in later generations were analyzed everywhere. Although these analyses were a bit suspicious of hindsight, the analysis of various situations in Thailand was still very accurate. Zhou Ming knew at that time that no matter whether the Thai baht crisis or the entire Southeast Asia financial crisis, it was ultimately caused by various debt accumulation.

But Zhou Ming’s understanding does not mean that these Thais themselves understand that Zhou Ming’s team has raised the issue of debt to Li Qing'an and Mara IX. They didn’t take it seriously, but instead thought it was normal.

"Debt is inevitable for development, and there are only a few channels for financing. What's the problem?"

This is the answer that King Mara IX said in person. In fact, what he said is correct. You should know that any business person basically has the experience of borrowing money from banks or usury. After all, no matter whether it is a failure to open a capital turnover or a new store to expand production, small businessmen are like this, let alone big companies. Which listed company does not have various debts? Especially the faster the development, the more prosperous the company, the more debts it has. This is not a business problem, but a necessary stage for development.

The Thai economy is composed of these large and small companies. Compared with the companies and the stock market, the Thai government only has one way to raise funds.

In this way, not only the Thai government and various enterprises, but also these families are carrying a lot of debts, but because they have experienced too much, they are used to debts in business, so they don’t pay much attention to it.

Even the king of Mara IX had this attitude, let alone others.

It is precisely because of this that Zhou Ming proposed today's negotiation meeting. Zhou Ming is not unaware that these guys must have hated him to the core, thinking that the depreciation of the Thai baht caused by the cancellation of the fixed exchange rate is a robbery of their money. If they cannot make up for it, they will not continue to negotiate with him anyway.

It would definitely be impossible if he could take out the money, so Zhou Ming could only start from the debt. This is also the most impactful card Zhou Ming has prepared for today's negotiations. Now he will play it, and the effect is good.

Mai Qingnandi and others over there were all confused, obviously this was beyond their expectations.

Why didn’t he let the Thai baht devalue and rob us of money? Why do we still have to thank him now?

This thought made these people so depressed that they vomited blood, especially Mai Qing, who had to stop this terrible idea!

So Mai Qing immediately stood up and accused Zhou Ming: "Are you still trying to make a fuss about this? You canceled the fixed exchange rate and ruined the Thai baht. You stole our money. Now you want to get away with it by saying anything casually?"

Nandi also quickly reacted and followed Mai Qing and said, "Look out, how many companies are going bankrupt, how many banks are on the verge of bankruptcy. Those are our industries. Now they are ruined by you. You still want us to thank you. You are simply shameless!"

Nandi was so excited that he raised his arms and shouted, trying to start the rhythm again, but Zhou Ming was just watching the show before, but this time it was different.

"So you have a way to help them repay their debts, right? Then I now have a lot of bonds from your family company, worth one billion US dollars at a fixed Thai baht exchange rate. Why don't you help settle the account?" Zhou Ming asked.

Mai Qing and Nandi choked in one sentence, leaving them completely unaware of how to answer.

"Debt is just a normal situation. Who doesn't have hundreds of billions of debts? These are not important. Which one does business do not take debts? We allow debts, but we do not allow others to deceive or betray them!"

Mai Qing tried to change the topic and said: "Now you have canceled the fixed exchange rate of Thai baht without notifying us, which has caused us to suffer heavy losses. This is the deception and betrayal of us!"

Nandi also said: "This is a very serious crime! You must be responsible for our losses. Our industries are all made by fixed exchange rates. Now you can change it if you say it. Is our wealth so insignificant to you? Please see their faces clearly. Until now, they are still so shameless and so arrogant!"

I have to say that Mai Qing and Nandi are worthy of being the leaders of various major families in Thailand, and this reaction is fast.

Moreover, their entry direction is also very good. No matter what, the Thai baht exchange rate is the core issue they are going to talk about today, because the losses caused by the fluctuations in the Thai baht exchange rate are also issues that cannot be avoided.

Mara IX and Prime Minister Gionee looked at each other, and they both felt that Zhou Ming had tried his best, so they could only say that the opponent had no choice but to hold on to this point.

When Mai Qing and Nandi were infuriated, Zhou Ming suddenly asked again: "What you said makes sense. Then I still have a debt worth one billion US dollars. Can you help them settle the debt?"

With the question Zhou Ming raised again, the atmosphere in the temple solidified again.

Mai Qing thought about it and said, "We can let go of the debt problem first. What we are talking about now is your deception and betrayal. Do you think you can threaten us with these debts? Then you are very wrong, we will not be threatened!"

Nandi also said: "Everyone has seen that the problem of their continuous debt is simply threatening us. How unpredictable the intentions of these people are. Today, we cannot let them succeed no matter what!"

Too shameless!

Mara IXian clenched his fists. He didn't expect Mai Qing and Nandi to say so, and deal with Zhou Ming's debt topic that had been prepared by Zhou Ming.

However, Zhou Ming smiled: "I am indeed threatening you, because in addition to me, there are still hundreds of billions of bonds left in the hands of these speculators and institutions in Thailand. It seems that you have already thought of a solution."

Mai Qing and Nandi's expressions became stiff again. After slapping this slap for a long time, he finally slapped him back in the face.

They had no choice but to change the topic: "We are not talking about this problem now, but the Thai market has been destroyed by you. You see, Thailand can grow its wealth by tens of billions every year, but now you depreciate the Thai baht, it only takes a few days at most to lose only the shorts left!"

Nandi even screamed and accused: "Zhou Ming, your husband, still has the face to talk about this problem. Do you have no idea what the depreciation of the Thai baht means to us? Our wealth is being robbed..."

Zhou Ming still said the same thing about this: "So have you figured out how to help them repay these debts?"

Mai Qing said desperately: "What we are talking about now is not this problem. Look at Swire Bank. Since this morning, countless people have crowded at the door to ask for withdrawals. This is obviously a manifestation of the loss of confidence in the government and banks in the Thai people. If this continues, the entire Thai market economic order will collapse, and bankrupt enterprises will be one after another, and our industrial plenary session will be gone!"

Zhou Ming said calmly: "You owe tens of billions of debts all over the world. Do you pay them back?"

Mai Qing said desperately: "Now the entire market is in chaos, the factory can no longer start construction, all stocks are leaking wildly, and even gold seems to be unable to maintain its value. Yesterday, many millionaires in our family committed suicide, which is a huge blow to us!"

Zhou Ming said calmly: "Do you pay back tens of billions of debts?"

Mai Qing said desperately: "The most overwhelming thing is that you actually sell the gold in the vault. Do you know that none of these gold belongs to you, but to all of us? Now do you think you can throw all the pots to us and let me take out my wealth to fill the holes for you? Dreaming!"

Zhou Ming was still calm: "Debt..."

puff!

Even though Mara Ninth generation was calm, he couldn't help laughing at this time, but the picture in front of him was indeed very funny. Mai Qing was desperately trying to change various topics and raise hatred in various ways, but Zhou Ming always had only one sentence "debt".

Mai Qing was extremely crazy. He had the urge to vomit blood. He knew that he had worked very hard and he was doing extraordinary things. He talked about various topics very cleverly, whether it was the factory, stock market or the bank, all of them made these Thai people angry.

However, every time Zhou Ming always says "debt", which makes people collapse like a curse.

How can you feel that the losses caused by the Thai Baht exchange rate are not impossible to avoid, but rather the debts of those of you?

"ah!"

Mai Qing shouted maniacly. He stared at Zhou Ming with red eyes as if he was about to stare out his entire eyeball: "You bastard, didn't I say that these debts are normal? Don't mess around here. As long as Thailand's economy improves, these debt problems will be solved easily, just like what we have done in the past ten years."
Chapter completed!