bullyxtreme Chapter 349 There are no bearers anymore
Chapter 349 There are no bearers anymore
Nicole nodded with her beautiful big eyes.
"Remember, there are no permanent friends in the financial market. There are only partners who are temporarily bound together for common interests. Being stabbed by a partner at a critical moment is often the most fatal!" Lin Xi continued.
"Mr. Lin, will Robertson agree to our conditions? If he agrees, won't he waste a lot of money to help us lure more?" Nicole asked with a suspicious look on her face.
Lin Xi chuckled and said: "It's not up to him whether he agrees or not. We have lost the opportunity to complete the position before him. We can only increase the stock price to attract more. At worst, we will break up. Everyone will fight for chips based on their ability." In that case, their holding costs will be much higher than ours, and we can turn against them at any time and leave them hanging on the mountainside."
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"Farke! Give us half a month? An ultimatum? The worst is to break up..." Robertson roared angrily like a furious lion.
"Your Excellency, President, please think twice! If my guess is correct, Zhiyuan Group has completed the position building before us again. If we compete with her for chips at this time, not only may we scare away the bulls who have already taken the bait, but the price will be higher than that of us." The large holding cost will still make us subject to others!" Tony patiently consoled us.
Robertson stared at the market with a livid face. The only thing that made him feel quite gratified was that bulls were active on the stock index futures market. If this situation could be maintained, there would be a chance to successfully complete the position opening.
But this situation was created by their Tiger Fund with real money. The more Robertson thought about it, the more cowardly he became. After pondering for a long time, he put out the cigarette butt in his hand and whispered: "Tony, use our secret account to sell in the foreign exchange market." Short position on Japanese yen long-term contract..."
"Ah? Isn't Zhuken Miller in charge of the foreign exchange market? Isn't it inappropriate for us to do this?" Tony asked in surprise.
Robertson waved his hand and said: "There is nothing inappropriate! The situation has changed now. We cannot successfully open a position in the Nikkei stock index futures. The foreign exchange market has a large capacity. We don't have these concerns..."
"Then do we still need to inform Zhukenmiller?"
Robertson said disapprovingly: "No, the financial market is changing rapidly, how can it be possible to communicate about everything!"
Just as Tony was about to turn around and leave, Robertson stopped him again and said: "Tony, our second tranche of funds has arrived. You use the money as pledge, lend Japanese yen from HSBC, Citigroup, and Morgan respectively, and then transfer it to the foreign exchange market account... …”
"Mr. President, isn't this money going to be invested in the stock account?" Tony asked.
Robertson waved his hand and said: "The plan has changed! The Nikkei Index has been planned in advance. There is no need for us to help others make wedding dresses. Next, we will focus on investing in the foreign exchange market and shorting the yen!"
.........
Marina Bay Sands Hotel, Singapore.
"Yang Mo, did you make a miscalculation this time? Julian Robertson did not invest more funds to lure more investors as you expected!" Lin Xi said with a frown.
Yang Mo chuckled and said: "This old boy is wise, he should be ready to give up shorting Nikkei stock index futures for the time being!"
Lin Xi asked in confusion: "What good will it do to us to force Tiger Management out of the stock index futures market?"
"Robertson is different from Zuckenmiller in that his investment style is very aggressive. He will most likely not choose to sell short Japanese yen futures contracts in the foreign exchange market. Instead, he will choose to borrow Japanese yen from the bank and sell short in the foreign exchange market. And then through repeated mortgages, we openly and aggressively sniped at the Japanese yen!" Yang Mo explained after thinking for a while.
"Isn't it a good idea to do this? Isn't that what the peaceful sniping of the Thai baht is done?" Lin Xi asked puzzledly.
"How much foreign exchange reserves does Thailand have? Not only does Japan have hundreds of billions of dollars in foreign exchange reserves, how can the Bank of Japan and the major chaebols watch helplessly as Wall Street financial giants attack the Japanese yen? This is bound to be a brutal financial war. It's hard to tell the winner in a short period of time!" Yang Mo explained patiently.
"I don't think so? Back then, Zuckenmiller almost single-handedly succeeded in attacking the West German mark. Wasn't the West German central bank unable to do anything to him? What's more, this time Wall Street hedge funds are almost all out. I think the Bank of Japan It won't last long!" Lin Xi said disapprovingly.
Yang Mo said disdainfully: "Do you really think that was Zhukenmueller's credit? After the drastic changes in Eastern Europe, the black market exchange rate was as high as 5:1 between East and West German Marks. The official exchange rate suddenly became 1:1. The West German Marks had already depreciated. need!"
"You mean to let Tiger Fund and Quantum Fund get into a fight with the Bank of Japan? But doesn't our advance layout in Southeast Asia lose its meaning? Who will carry the sedan for us?" Lin Xi asked with a frown.
Yang Mo smiled bitterly and said: "I underestimated Zhukenmiller and Soros. They did not choose to work with us to defeat the Southeast Asian financial system first, but directly targeted Japan and Hong Kong!"
"Why did they choose Japan, which is more difficult? Isn't Xiangjiang easier to defeat?" Lin Xi asked in confusion.
Yang Mo chuckled and said: "Is Xiangjiang more likely to be defeated? There is a mainland government behind Xiangjiang..."
"Then what should we do now? There should be great pressure on the peace side. The interest rate on the Thai baht borrowed from banks is as high as 10.5%. If the Thai baht cannot be defeated as soon as possible and the Bank of Thailand abandons the fixed exchange rate, we will lose money just in terms of capital costs. Tragic!" Lin Xi said worriedly.
Yang Mo nodded and said: "If we want to change this unfavorable situation as soon as possible, we can only go all out, use reserve funds, defeat the Bank of Thailand as soon as possible, and force them to abandon the fixed exchange rate system!"
Lin Xi smiled bitterly and said: "It's easier said than done! Behind the Thai baht is not only the Bank of Thailand, but also the wealthy Bank of Singapore!"
Yang Mo said in a deep voice: "No matter what, the key to breaking the situation now is to defeat the Thai baht. Capital is profit-seeking. As long as we succeed before Zhuckenmiller defeats the Japanese yen, international hot money will swarm in. Regardless of the situation in Southeast Asia, Totally open!”
After Yang Mo finished speaking, he picked up the phone and dialed Li Heping's phone: "Is it peace? This is Yang Mo. How is the situation over there?"
"Very anxious! We have sold 1500 billion baht in the foreign exchange market, and the Bank of Thailand has bought all of it. We still stick to the fixed exchange rate of 26:1..." Li Heping's slightly tired voice came from the phone.
"How much foreign exchange reserves has the Bank of Thailand used? Is there any accurate data?" Yang Mo continued to ask.
"So far, we have invested more than 60 billion U.S. dollars. The Bank of Thailand needs to use at least 200 billion U.S. dollars in foreign exchange reserves to maintain fixed interest rates. They should be at the end of their rope and hope for rescue from the Bank of Singapore..." Li Heping said slightly He said after pondering.
"Use the reserves of Merlot Bank to defeat the Thai Baht and open up the situation in the shortest possible time at all costs!" Yang Mo said in a deep voice.