Chapter 114 The madness of the major investment banks
Quantum Fund.
"I was born to be poor, but I must never die and remain poor."
——Soros.
This is a text hanging behind Soros's desk, and it is also his creed!
At this moment, in the office of the financial tycoon Soros, a group of outstanding traders who have resounded throughout Wall Street are sitting upright waiting for the arrival of their boss Soros. However, their expressions still cannot hide their excitement.
Why?
Because they made a lot of money today!
"Ka~Ka~!"
A sound of footsteps came and the office door was pushed open.
The traders and financial experts who were sitting upright and stood up to greet the old man born in Budapest, Hungary, was the world-renowned financial tycoon Soros.
"Okay, everyone, please sit down and let me hear the good news you sent." A smile appeared on Soros's face.
Even a financial analyst stood up and said, "Boss, thanks to the good news that the Thai authorities gave up the fixed exchange rate, today, our quantum fund has received a total of US$130 million. In the next week, in the foreign exchange market in Thailand alone, we are expected to earn at least US$400 million to US$600 million."
After the words came to an end, a burst of applause suddenly erupted at the scene.
Soros also clapped his palms, nodded and smiled, "Yes, not bad."
Upon hearing this, the financial experts who reported the situation also smiled.
"Let me tell me, how much money from international buyers has poured into the Thai foreign exchange market today?"
Soros asked.
The financial expert immediately replied: "Boss, according to the information we have, Goldman Sachs, Morgan, Lehman Brothers, Merrill Lynch, Bear Stearns five major Wall Street investment banks, as well as thousands of investment banks, have now poured into the Thai foreign exchange market. In just one day, the inflow of at least $90 billion."
"And, according to our analysis, the funds from international free capital entering Thailand will climb to US$300 billion in the next week."
300 billion US dollars, this number is terrifying!
You should know that for some small countries, if they sell them, it is estimated that they are less than US$300 billion. Moreover, once many international buyers use leverage, it will be enough to leverage the trillion-dollar market.
Obviously, when the Thai authorities did not have enough foreign exchange reserves, they were powerless to stop a group of red-eyed wolves from attacking.
The fall of Thailand's foreign exchange market has become a foregone conclusion!
"$300 billion, a pretty good number."
Soros's face turned into a smile again, "The chaos in Thailand's foreign exchange market will inevitably lead to the depreciation of currencies in Southeast Asia's countries dominated by export-oriented economies. By then, the inflow of funds will not be just US$300 billion. I judge that by that time, the number of funds will be rolling at least US$4 trillion!"
$4 trillion!
In an instant, the entire office fell into a dead silence!
Why?
They took a breath of air conditioning because the numbers Soros said were too horrifying!
4 trillion international capital is enough to destroy the economies of most countries in the world!
You should know that in 1992, international speculators led by Soros had only US$500 billion in inflows at that time, but the pound fell rapidly. The entire British government's economy was damaged and the loss was at least hundreds of billions of pounds!
And now, it's at least $4 trillion!
In fact, from the perspective of time traveler Zucker, Soros also underestimated this global financial crisis!
$4 trillion?
ridiculous!
"In July/August alone, the funds poured into the Southeast Asian market exceeded US$7 trillion!"
The giant crocodile went on a war, but no grass grew!
All the national speculators are overwhelmed, while the foreign exchange markets of various countries are in a mess!
.........
Goldman Sachs.
It is one of the five major investment banks on Wall Street. Even though it is not as good as investment banks such as Morgan and Merrill Lynch, by the 21st century, the funds it manages have already exceeded trillions of dollars, and in 2020, it has become the world's largest investment bank.
From 2018 to 2019, the annual turnover exceeded US$40 billion for two consecutive years.
It is a behemoth among Wall Street investment banks, and even quantum funds are just a younger brother in front of it.
At this moment, President Collins looked at the data in his hand and couldn't help laughing:
"Soros is still quite capable, it's good, it's really good. Let his quantum fund take the lead and we will make a fortune later. Is there anything more wonderful in the world than this?!"
As the words fell, the financial experts around them also smiled.
Although Soros and others are eating one by one, they really have to make a profit, Goldman Sachs and other five major investment banks on Wall Street are the ones that make a big profit!
In the 21st century, there is a saying.
Said: Soros and his quantum fund are actually a mad dog released by the Federal Reserve and the five major investment banks, which made him charge forward in the front, and they made a fortune in the back. The oil crisis in the 1970s, the Japanese real estate bubble, the stock market bubble, the South Korean currency crisis... are all the Fed and the five major investment banks that are plundering the wealth of various countries in a crazy way.
It means that once the American economy is weak, it will plunder the wealth of foreign countries to stimulate their own economies;
"In a word, if I have no money, then I will go to your house to get the money. You can't help but give it. If you don't give it, I will destroy your economy!"
......
"In terms of financial operations, it is not moral or unethical, this is just an operation."
“Morality does not exist here at all because it has its own rules of the game.”
"I am a participant in the financial market. I will play this game according to the established rules. I will not violate these rules, so I don't think there is any immorality in speculating in foreign currency."
"Not even more guilty or responsible."
"From the Asian financial crisis, whether I hype foreign currency will not play any role in the occurrence of financial events. If I don't hype it, it will still happen."
The above words also come from Soros.
This is what Soros said about the Asian financial crisis in 1999 during an interview with a reporter.
"It's so awesome!"
Zhuke sat in Dafeng Capital's office, thinking of this, and couldn't help but shake his head and laugh.
In fact, Zhu Ke has a clear attitude towards participating in the Asian financial crisis, that is, he is to be a fat man, but he must not be the first to be a leader!
You should know that Soros was listed on the wanted list by many countries because of his crazy sniping currencies in various countries.
It is said that he has been assassinated many times.
He himself dared not leave the American mainland.
"It's right to be very rich, but if you are missed all day long and are assassinated, then even if you become the richest man in the world, you will not be able to live a peaceful life."
"I still have to be slack...oh no, it's just a steady wave!"
Zhuke sighed.
In just a few days.
As Soros expected, the number of national speculators as many as stars flocked to Thailand's foreign exchange market, with funds exceeding US$350 billion, completely crushing the Thai government's rescue plan.
It's a mess!
Speculators from all over the world have made a lot of money!
Of course, there are also many blind speculators who are so angry that they use 100 to 400 times high leverage, which is ruthlessly washed away by the money of the giants in the foreign exchange market this time.
Zhuke has also been very happy these days.
In five days, Dafeng Capital made a total profit of more than 24 million US dollars!
Moreover, this is just the foreign exchange market in Thailand. You should know that this is just the head dish of the Asian financial crisis in 1997 and the pre-dinner snack!
Chapter completed!