Actually, you understand it very well. Take Soros's attack on the Thai baht at 1997 as an example. Soros first declared on various occasions that he was optimistic about the Thai baht and the Thai economy. At the same time, he and the quantum fund he led (except for their own funds, most of which are international hot money) used a lot of money to buy Thai baht crazily and entered Thailand's foreign exchange market, property market and stock market. The price of Thai baht rose sharply and gradually went crazy. When the market was about to collapse, it took the lead in shorting and the Thai baht fell all the way. The Thai government used $30 billion in foreign exchange reserves and $654.38+0.5 billion in international loans to try to turn the tide. However, this mere $45 billion is only a drop in the ocean compared with the endless international hot money. Hurricane Soros quickly swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries. The Indonesian rupiah, Philippine peso, Myanmar dollar and Malaysian ringgit depreciated sharply, leading to terrible scenes such as factory closures, bank closures and rising prices. The hurricane that swept through Southeast Asia swept away billions of dollars of wealth in one fell swoop, which reduced decades of economic growth in these countries to ashes, and the Asian financial crisis of 1998 began.

This is a financial sniper.

You should understand, right?