Chapter 512: Can't Swallow It? Stuff It In Anyway

Thanks to Chen Jiajun's advance warning, the Landlord Association had absorbed a massive amount of Siamese Baht, just waiting for this moment to bleed them dry.

Never mind how much money they would make; at the very least, they needed to expand themselves first, gaining the strength to go toe-to-toe with those international speculators and financial sharks.

As for the impact suffered by those countries in Southeast Asia, Chen Jiajun had no better solution.

Hearing Chen Jiajun's order, the three members of the Landlord Association were instantly excited.

This was the most lucrative battle they had ever fought since the founding of this new Landlord Association.

If they couldn't even manage to rake in more profit for Chen Jiajun under these conditions, they might as well just jump off a building.

"Mike, go have someone order food... never mind, go find a restaurant in Central and have them deliver food here according to the highest standards! The menu must be different every day!" Chen Jiajun said to Su Xingbai, who was beside him: "Everyone at Wubao Securities gets a share!"

Chen Jiajun was never stingy with employees who could make money for him.

Su Xingbai nodded quickly: "Understood, I'll have someone prepare it immediately!"

Watching the bustling activity at Wubao Securities, Su Xingbai felt a surge of heat in his heart. Why did he give up his position as a triad leader in Yifeng to come to Chen Jiajun's side and be a lowly assistant? It was to enter a higher level and see a different kind of scenery.

To be able to mobilize 50 billion Siamese Baht with a wave of his hand—such a massive sum of money, let alone the big bosses of the triads.

Even if you added up the entire net worth of some of the wealthy tycoons in Hong Kong, it wouldn't reach this figure, right! And this money was just being used to wage war.

By the time this battle ended, the amount of foreign exchange in Chen Jiajun's hands would likely multiply several times over.

Therefore, Su Xingbai did not dare to delay; he immediately called his subordinates and instructed them to get to work.

Afterward, he watched the members of the Landlord Association operate without even blinking.

Although Su Xingbai had worked very hard and had even gone back to Hong Kong University to study finance, the time was too short, and there were many things he still couldn't understand.

However, compared to those fresh graduates, he still held a significant advantage.

As the 50 billion Siamese Baht in Chen Jiajun's hands was dumped into the market, the financial market in Siam fell into chaos.

The Siamese government did not want the Siamese Baht to continue its decline, so they had no choice but to intervene themselves, intending to prop up the flagging currency.

Massive amounts of foreign exchange were poured in, frantically buying up the Siamese Baht that the Landlord Association was dumping.

The next day, the Siamese Baht, which had been plummeting, actually managed to halt its downward trend, and even rose slightly against the trend.

But anyone in the know understood that the situation was not to be underestimated.

After Chen Jiajun's 50 billion Siamese Baht was dumped, it was quickly converted into US dollars.

Then, they continued to purchase Siamese Baht, helping the Siamese government prop up the price of the foreign exchange.

The Landlord Association's actions quickly drew the attention of the Siamese government.

But before they could take any action, those foreign capital sharks and international speculators also entered the fray one after another.

The exchange rate of the Siamese Baht was hyped up high, and then smashed down ruthlessly.

Except for the first three days when the Siamese Baht's exchange rate saw a slight recovery, the following week was the Landlord Association's time to shine.

The Landlord Association's operations were simple and brutal, and they were constantly leading the market.

One could even say that, to a certain extent, they were leading those international speculators by the nose.

No matter what new maneuvers those international speculators had, the Landlord Association's speed was always one step ahead of them.

Chen Jiajun had spent so many years, spent so much money, and raised so many people, all for this very moment.

For this, he even spared no expense to hire professors from the finance department of Hong Kong University.

These professors were also very respectful, and except for a guy named Ye Baoyi, they all expressed their willingness to work for Chen Jiajun.

"Mike, go check out what kind of background this guy named Ye Baoyi has, to be so disrespectful to me!" Chen Jiajun said with a frown.

Su Xingbai nodded and immediately began investigating in conjunction with the Information Organization.

Chen Jiajun just felt that there was something off about this Ye Baoyi; he wasn't petty enough to dwell on it, as his focus at this moment was still on the Siamese government.

Hammered by both the Landlord Association and the international speculators, the financial market of Siam was left in tatters.

It soon reached the point of no return.

And this time, Chen Jiajun's Landlord Association had eaten until their mouths were dripping with oil; even all those who entered the Siamese Baht speculation market later combined did not equal the Landlord Association's income.

But there was one exception, and that was the financial shark Soros.

This old guy was borrowing funds in the international market, and he was buying in with massive leverage.

It could be said that he was literally making something out of nothing.

Furthermore, Siam abandoning its fixed exchange rate was the result of his own machinations.

Compared to this old guy, the Landlord Association really didn't measure up.

If one were to say Chen Jiajun's Landlord Association was making money in the Siamese market, this old guy was straight-up robbing it.

His operations were more complex than Chen Jiajun's; the Siamese Central Bank's foreign exchange reserves were insufficient to handle the Siamese Baht's exchange rate, so they borrowed money from the Siamese Bank, converted it into US dollars, and then dumped it directly into the international market.

Once the Siamese Baht's exchange rate dropped, they would then use Siamese Baht to repay the loans, forcing the Siamese Central Bank to abandon the fixed exchange rate and become an unlimited printing press for them to take whatever they wanted.

This involved several more steps than the Landlord Association's approach, but it was a lucrative business with zero capital risk.

"Tsk, compared to these old-school capitalists, I'm still not ruthless enough!" Chen Jiajun said, shaking his head as he looked at the Siamese financial market, which had completely collapsed.

Luo Minsheng and the others were in high spirits and said to Chen Jiajun: "Boss, Boss, are you still not satisfied! Do you know how much we've made these past few days?"

Chen Jiajun shook his head and said: "I know we've made quite a bit, but our goal isn't just to make money! And compared to this old guy Soros, we are at most making money, while that old guy is essentially robbing it!"

Hearing Chen Jiajun's words, Luo Minsheng and the others, who had been quite smug and satisfied, instantly calmed down, gnashing their teeth as they said: "Put that way, our level really is a bit too low!"

Chen Jiajun shook his head and said: "Besides, Siam hasn't completely collapsed yet! Don't forget that behind the Siamese Central Bank is the Singapore Bank; that is one of the strongest central banks in all of Asia."

Luo Minsheng's eyes lit up instantly: "So you're saying there's still a tough battle to be fought?"

"We aren't following Soros; if we follow this old bandit, we won't even get to drink the soup, and we might even get sold out by this old guy at any moment!" Chen Jiajun shook his head: "Let them fight the Singapore Bank, we'll rest for a day, and then change our target to the Philippines and Indonesia! We'll take a huge cut before they even realize what's happening."

"Once these countries are dealt with, it will soon be the turn of Korea, Taiwan, and Hong Kong! Eat as much as you can; if you can't swallow it, you'd better stuff it in for me even if you have to force it!"

Hearing the serious consequences mentioned by Chen Jiajun, Luo Minsheng and the others did not dare to be negligent. Although Chen Jiajun was already providing good food and drink for the employees of Wubao Securities.

But after working overtime for a week straight, many people still couldn't take it anymore.

Therefore, Chen Jiajun intended to halt the pace of the offensive, preparing to shift targets after resting for a day.

News of the rout of the army system in Brunei quickly reached the ears of Suharto.

The first reaction he had upon hearing this news was that it was impossible.

Brunei is such a tiny place that it would be quite difficult for them to even scrape together a group of people for border defense.

How could they possibly beat a force of nearly ten thousand men into such a disastrous rout? It was definitely fake news!

However, as the scattered remnants of the troops fled to Tanjung Selor in North Kalimantan and Banjarmasin in South Kalimantan, he had no choice but to believe it, even if he didn't want to.

Consequently, he immediately contacted his nephew Su Yizi.

Unfortunately, Su Yizi's head had already been severed by Bai Lu and sent to the Presidential Palace in Brunei.

It was certainly impossible for him to receive Suharto's message.

Thus, Suharto immediately sent trusted aides to Kalimantan Island, preparing to assemble troops.

But after Suharto heard that the international community had publicly accused Indonesia of launching a surprise attack on Brunei,

things began to spiral out of control.

Following that, the Young Demon Legion of Brunei began to frantically capture cities and territory on Kalimantan Island.

News of cities being breached arrived almost every day, which made Suharto's blood pressure nearly impossible to keep under control.

He never imagined that not only would Brunei refuse to back down, but they would actually dare to plot against Kalimantan Island.

This absurd feeling was like watching a Chihuahua chase after a pit bull and beat it frantically.

This infuriated Suharto to the point that he disregarded everything and prepared to raise military funds to attack Brunei directly.

Since he had already been publicly accused internationally of invading Brunei, he might as well make it a reality.

As long as he was fast enough, the worst that could happen was that he would admit his mistake and pay some money later.

But before Indonesia could make another move, another piece of bad news arrived.

International speculators were launching a massive attack on Indonesia, and the Indonesian economy was about to collapse.

……

Chen Jiajun was naturally keeping an eye on the situation in Brunei; in order to create better opportunities for himself, the Landlord Association turned its gaze directly toward Indonesia after finishing up in Siam.

This time, Chen Jiajun followed the methods of Soros, intending to pull off a "white wolf with empty gloves" scheme.

After all, this time was not like the Siamese Baht, where there was enough time to raise funds.

Although Indonesia had some precautions against such things, the operations of Soros were simply too unscrupulous.

Moreover, because of the Landlord Association's brilliant operations in Siam, some international speculators followed in Chen Jiajun's footsteps.

Although there was no tacit understanding between the two sides, they were surprisingly in sync on this matter.

They launched an attack directly against the Central Bank of Indonesia.

The financial situation in Indonesia was already somewhat abnormal, and the high prices made the country's citizens quite dissatisfied.

But this move by the Landlord Association and the international speculators was effectively the death knell for Indonesia.

The price of the Indonesian Rupiah plummeted rapidly in the international market, at a speed even more terrifying than the Siamese Baht.

Coupled with the fact that Chen Jiajun's operations this time were identical to those of Soros, this forced Indonesia to seek aid from the Central Bank of Singapore.

This move by the Landlord Association and the international speculators also indirectly did Soros a small favor.

Fighting on two fronts directly dragged the Central Bank of Singapore down as well.

The subsequent chain reaction was that Malaysia was also affected, and the historically strong Singapore Dollar also suffered a shock.

The events in the financial market dealt a heavy blow to Suharto.

The already severe collapse of the financial market had a massive impact on Indonesia.

However, Suharto himself had no good solutions; during this period, everyone was looking out for themselves, and no one would offer a helping hand.

As the situation fermented, let alone mobilizing troops to attack Brunei,

Suharto could barely even attend to the matters on Kalimantan Island.

He spent his days convening meetings with officials at all levels to discuss countermeasures.

Unfortunately, after holding meetings for several days in a row, not only was the problem not solved, but it even showed signs of worsening.

Having no other choice, Suharto could only open up floating interest rates, and to prevent international speculators from continuing their arbitrage, he even frantically raised lending interest rates.

Although this move could alleviate the attacks from the Landlord Association and the international speculators, it did no good at all for Indonesia's own industries.

The bitter fruit soon emerged: cash flow for enterprises within Indonesia plummeted, and a large number of companies announced bankruptcy.

Real estate and many other industries suffered a devastating blow.

By the time Suharto reacted, it was already beyond saving.

Meanwhile, in Brunei, under the leadership of Bai Lu and Lao E, the process of occupying Kalimantan Island accelerated.

It was common to break through two or three cities in a single day.

The Young Demon slaves left behind by Chen Jiajun in Brunei were still a bit too conservative, forcing Chen Jiajun to send reinforcements to Brunei to avoid the awkward situation of having no one to guard the cities after capturing them.

For Indonesia, this was simply a double collapse.

It caused Suharto's approval rating in his own country to plummet, and there were even voices from all walks of society calling for Suharto to step down. (End of chapter)