NOVEL WEB The youngest son of the chaebol family, Mo Hyun-min
Chapter 108
After listening to Chen Daojun's description, everyone who was originally excited gradually calmed down, yes! This time they are targeting the entire Asian country, sniping Thai baht is only their first battle, and there are many more battles waiting for them!
"Chen, do you see that we will snipe at Indonesia and Feirubin next, do we have enough funds? If that's not enough, we at Goldman Sachs can continue to add more. James on the side said with sincere eyes at this moment. Bruce, the
representative of Morgan Bank on the side, also nodded in agreement, "James is right, if the funds are not enough, we can also add funds to Morgan Bank!" Such an opportunity is really rare, and it would be a shame to miss it if there were not enough funds.
"You two old guys really don't see rabbits and refuse to spread eagles!" If it weren't for the big gains from shorting the Thai baht this time, would you be so positive? Chen Daojun couldn't help but complain in his heart, if they had raised more funds before, their income might have been more than $4 billion, and more than half of the income would not have been divided by Soros and other speculators!
"So how much are you going to add?" Chen Daojun thought for a while and asked, "It won't be hundreds of millions of dollars, right?" That's a bit foolish!
"Ahem, no, no. This time, Goldman Sachs intends to add another 1.5 billion. James blushed, but quickly calmed down, knowing that this short baht would be so smooth, he should have invested more, after all, in just a few months can earn 30-40% of the profiteering project, not all the time.
Bruce heard James's old friend say this, and he no longer hesitated, "Then we will add another $1 billion to our Morgan Bank!"
"Hahaha, then thank the two seniors for their support!" Chen Daojun thanked him with a smile, then looked at his trading team and asked, "Eric, how much money do we have now?"
"There are currently $18.6 billion in the account, of which about $4 billion is subsequently repaid to the Bank of Thailand (Thai baht borrowed from the Bank for one year) and can still be used normally." There are still about $2.5 billion in the futures market, and if the need arises, we can now have people arrange for a sell-off. Eric took the data report and analyzed.
Hearing such an amazing account fund, everyone couldn't help but be surprised, but they quickly relieved, after all, Chen Daojun alone scraped together nearly 10 billion US dollars, bought most of his assets, and even pressed it all up in stud, just a crazy gambler!
"Those futures are sold off, then counting the $2.5 billion that Goldman Sachs and JPMorgan Bank will give, more than $23 billion, that's enough!" Friebine and Indonesia have much less foreign exchange reserves than the Pacific countries, and both countries combined are less than 20 billion, and we can snipe at the currencies of both countries at the same time! Chen Daojun looked at the information in his hand, and finally made an extremely bold idea, fighting on two fronts, shorting two countries at the same time, and the speed should be fast, so as not to give other speculative institutions the opportunity to rub benefits!
"Chen, this... Wouldn't that be a bit risky? George on the side said a little nervously. James and Bruce also looked a little solemn, according to their ideas, sniping country by country was more secure in the past, and Chen Daojun's proposal was risky!
"Is this plan a bit risky?" Chen Daojun said with a smile, "It's not just us who short those countries in Asia!" And that group of Soros and those speculators who took advantage! How can they, who have tasted the sweetness, only be satisfied with shorting the Pacific Kingdom, and give up the opportunity to snipe other countries? As soon as we act, everyone else will smell the wind, and our pressure is far less than imagined! Listening to Chen Daojun's
analysis, everyone thought for a moment, and finally agreed to Chen Daojun's seemingly crazy plan!
—————— dividing line—————— Conference
room of the Quantum Fund.
Soros, who had been shorting the baht for a big success, did not celebrate with his colleagues, but returned to the office with a heavy heart. As an old churros who has sniped at the country's currency, he clearly feels that in addition to their quantum fund and allied financial speculators, there are other black hands in it who control everything. Soros,
who looked a little hazy, was listening to the report of his subordinates, and when he learned that their carefully prepared plan to snipe Thai baht for several months only reaped more than 2 billion US dollars, which made him very angry, obviously he had planned for so long, and even found many institutions to borrow funds, in order to improve the success rate of shorting, he did not hesitate to pull many peers to temporarily form an alliance. But this is less than 20% of the income, how can he accept it!
Soros slapped the table angrily and shouted angrily, "Have you investigated clearly?" Who else is short the baht besides us? Especially which institution suddenly sold the Thai baht in large quantities before?
"It should be Goldman Sachs. According to the information we received, it was Goldman Sachs Group that sold a lot of Thai baht during that time. And the time they hoarded Thai baht was probably from the market since March. The subordinate said tremblingly, Soros would be so angry, it was the first time he had seen it.
“Fuck！ Robbers of Goldman Sachs! They must have discovered my plan and cut us off halfway! Damn it, they actually succeeded! Soros quickly understood that being able to mobilize such a huge amount of money, and so long in advance, only those big institutions could do it!
Soros cursed for a long time for the shameless behavior of Goldman Sachs Group, but finally swallowed this breath, not as one of the Wall Street giants, the powerful Goldman Sachs Group is not something he and the quantum fund can compete with, endure the calm for a while, take a step back and open the sky~ When there is a chance in the future, he must look good at Goldman Sachs Group! The
success of sniping the Thai baht made him more convinced that his plan was correct and feasible, and that he would be able to snipe the currencies of other Asian countries faster.
"The foreign exchange reserves of the Sun Country are 210 billion US dollars, the foreign exchange reserves of Xinjiapo are more than 70 billion, the foreign exchange reserves of Xiangjiang are more than 80 billion, and the foreign exchange reserves of the stick country are less than 20 billion..." Soros checked the information in his hand and quickly found the next sniper target - the stick country! Chen Daojun did not expect that due to his own intervention, Soros changed his sniper target, so that the stick country, which should have been sniped by international speculators in November 1997, embarked on the miserable road of national bankruptcy in advance...
"Chen, do you see that we will snipe at Indonesia and Feirubin next, do we have enough funds? If that's not enough, we at Goldman Sachs can continue to add more. James on the side said with sincere eyes at this moment. Bruce, the
representative of Morgan Bank on the side, also nodded in agreement, "James is right, if the funds are not enough, we can also add funds to Morgan Bank!" Such an opportunity is really rare, and it would be a shame to miss it if there were not enough funds.
"You two old guys really don't see rabbits and refuse to spread eagles!" If it weren't for the big gains from shorting the Thai baht this time, would you be so positive? Chen Daojun couldn't help but complain in his heart, if they had raised more funds before, their income might have been more than $4 billion, and more than half of the income would not have been divided by Soros and other speculators!
"So how much are you going to add?" Chen Daojun thought for a while and asked, "It won't be hundreds of millions of dollars, right?" That's a bit foolish!
"Ahem, no, no. This time, Goldman Sachs intends to add another 1.5 billion. James blushed, but quickly calmed down, knowing that this short baht would be so smooth, he should have invested more, after all, in just a few months can earn 30-40% of the profiteering project, not all the time.
Bruce heard James's old friend say this, and he no longer hesitated, "Then we will add another $1 billion to our Morgan Bank!"
"Hahaha, then thank the two seniors for their support!" Chen Daojun thanked him with a smile, then looked at his trading team and asked, "Eric, how much money do we have now?"
"There are currently $18.6 billion in the account, of which about $4 billion is subsequently repaid to the Bank of Thailand (Thai baht borrowed from the Bank for one year) and can still be used normally." There are still about $2.5 billion in the futures market, and if the need arises, we can now have people arrange for a sell-off. Eric took the data report and analyzed.
Hearing such an amazing account fund, everyone couldn't help but be surprised, but they quickly relieved, after all, Chen Daojun alone scraped together nearly 10 billion US dollars, bought most of his assets, and even pressed it all up in stud, just a crazy gambler!
"Those futures are sold off, then counting the $2.5 billion that Goldman Sachs and JPMorgan Bank will give, more than $23 billion, that's enough!" Friebine and Indonesia have much less foreign exchange reserves than the Pacific countries, and both countries combined are less than 20 billion, and we can snipe at the currencies of both countries at the same time! Chen Daojun looked at the information in his hand, and finally made an extremely bold idea, fighting on two fronts, shorting two countries at the same time, and the speed should be fast, so as not to give other speculative institutions the opportunity to rub benefits!
"Chen, this... Wouldn't that be a bit risky? George on the side said a little nervously. James and Bruce also looked a little solemn, according to their ideas, sniping country by country was more secure in the past, and Chen Daojun's proposal was risky!
"Is this plan a bit risky?" Chen Daojun said with a smile, "It's not just us who short those countries in Asia!" And that group of Soros and those speculators who took advantage! How can they, who have tasted the sweetness, only be satisfied with shorting the Pacific Kingdom, and give up the opportunity to snipe other countries? As soon as we act, everyone else will smell the wind, and our pressure is far less than imagined! Listening to Chen Daojun's
analysis, everyone thought for a moment, and finally agreed to Chen Daojun's seemingly crazy plan!
—————— dividing line—————— Conference
room of the Quantum Fund.
Soros, who had been shorting the baht for a big success, did not celebrate with his colleagues, but returned to the office with a heavy heart. As an old churros who has sniped at the country's currency, he clearly feels that in addition to their quantum fund and allied financial speculators, there are other black hands in it who control everything. Soros,
who looked a little hazy, was listening to the report of his subordinates, and when he learned that their carefully prepared plan to snipe Thai baht for several months only reaped more than 2 billion US dollars, which made him very angry, obviously he had planned for so long, and even found many institutions to borrow funds, in order to improve the success rate of shorting, he did not hesitate to pull many peers to temporarily form an alliance. But this is less than 20% of the income, how can he accept it!
Soros slapped the table angrily and shouted angrily, "Have you investigated clearly?" Who else is short the baht besides us? Especially which institution suddenly sold the Thai baht in large quantities before?
"It should be Goldman Sachs. According to the information we received, it was Goldman Sachs Group that sold a lot of Thai baht during that time. And the time they hoarded Thai baht was probably from the market since March. The subordinate said tremblingly, Soros would be so angry, it was the first time he had seen it.
“Fuck！ Robbers of Goldman Sachs! They must have discovered my plan and cut us off halfway! Damn it, they actually succeeded! Soros quickly understood that being able to mobilize such a huge amount of money, and so long in advance, only those big institutions could do it!
Soros cursed for a long time for the shameless behavior of Goldman Sachs Group, but finally swallowed this breath, not as one of the Wall Street giants, the powerful Goldman Sachs Group is not something he and the quantum fund can compete with, endure the calm for a while, take a step back and open the sky~ When there is a chance in the future, he must look good at Goldman Sachs Group! The
success of sniping the Thai baht made him more convinced that his plan was correct and feasible, and that he would be able to snipe the currencies of other Asian countries faster.
"The foreign exchange reserves of the Sun Country are 210 billion US dollars, the foreign exchange reserves of Xinjiapo are more than 70 billion, the foreign exchange reserves of Xiangjiang are more than 80 billion, and the foreign exchange reserves of the stick country are less than 20 billion..." Soros checked the information in his hand and quickly found the next sniper target - the stick country! Chen Daojun did not expect that due to his own intervention, Soros changed his sniper target, so that the stick country, which should have been sniped by international speculators in November 1997, embarked on the miserable road of national bankruptcy in advance...
Tip: You can use left, right, A and D keyboard keys to browse between chapters.