Chapter 217 Let's Bet Against Each Other!

() The VAM agreement is a favorite method of making money for financial institutions in the United States, especially the financial giants on Wall Street.

To explain it in professional terms, a VAM agreement is an agreement between the two parties to the contract, regarding the specific content involved in the contract, and an agreement on the uncertain future of the contract. If the situation agreed by one party occurs, then this party will win By making a bet agreement, you can get huge benefits from the other party to the contract.

To put it simply, it is a gamble between two lunatics against the unknown.

For example, before 2012, you bet that Obama will be re-elected in 2012, and he bet that Romney will come to power in 2012, and the bet is 10 billion US dollars.

If on that day, Obama is re-elected successfully, then you will get his 10 billion US dollars. If Romney takes office, sorry, you have to give him 10 billion US dollars.

To put it a bit vulgarly, it is okay for everyone to bet on whether Xiao Tiantian will go out wearing underwear tomorrow, and this is also within the scope of the betting agreement.

Do you understand?

In fact, the VAM agreement is aimed at an event that has not yet happened. The two people have different opinions, so they bet on this matter. Within the actual effect of the agreement, whoever has correct views and predictions will win the bet.

VAM agreements in the financial world are even more varied, ranging from the ownership of a company to the ownership of a patent. Anything can be used for VAM.

Coincidentally, Wall Street financial giants such as Bank of Merrill Lynch, Morgan Stanley, and Goldman Sachs are masters of VAM agreements.

Often, companies from developing countries gamble with them with great confidence, and lose so much that they don’t even have to wear their pants.

Even Japan, South Korea, and some countries in Europe have also been tricked by the Wall Street group, but there is an endless stream of people who are willing to gamble with them.

The reason is still a "greedy" word mischief.

If you don't want to covet the delicious bait thrown by these bastards on Wall Street, how can they trap you?

You don't think too highly of yourself. I feel that I am better than the Wall Street crocodiles who have been playing financial means for a lifetime. How could I finally find out that I actually gave away the industry that I have worked hard for a lifetime with both hands?

Danze is engaged in the electronics industry. There are also many gambling agreements in this area, and Danze relies on them. Also earned a lot of commissions.

As soon as he heard that Xiao Qi was going to bet against each other, Danze immediately came to his senses, "Mr. Xiao, how do you want to bet against each other? What aspect?"

Anthony knew the tricks of these greedy crocodiles, upon hearing this, he quickly reminded Xiao Qi, "Mr. Xiao, you have to be careful!"

Raising his hand, Xiao Qi signaled Anthony not to intervene, and continued: "You guys like to bet on futures, so let's bet on oil prices."

"it is good!"

Oil futures, for every financial expert on Wall Street. All are compulsory courses.

Although Danze is not very proficient. But some basic knowledge is still very solid.

"How do you want to bet against each other, and what is the method. What is the bet?" Danze asked without a pause. When speaking, his eyes were fixed on Xiao Qi, which meant that he should not give him a chance to back down.

Danze's behavior made Xiao Qi want to laugh. If he knew his reliance, he might be in pain because of this eager to take the bait?

On the surface, Xiao Qi is still like a young man who has been humiliated many times. "It's April 2007, and the price of oil is on the way up. I bet that starting from July, the price of oil will go down all the way, and there will be no chance of rising this year."

Danze laughed dumbly.

Isn't this Chinese man crazy?

Since last year, the price of oil has fluctuated upwards from more than 20 US dollars, and now it has climbed to more than 50 US dollars. Although the internal information of the company I have obtained is very vague, the judgment on oil prices is still rising steadily. Maybe it will fall all the way in the second half of the year, and there is no chance of turning around?

He thought he was better than the thousands of intelligence agents and analysts in Merrill Lynch's securities and futures department?

What a joke!

Thinking about his mistakes, Danze deliberately showed contempt again, "Sounds very interesting, but what is your bet? If it's too little, we won't accept it!"

"Snapped!"

Xiao Qi threw a card on the table, and Danze saw at a glance that it was a platinum card of Citibank, which was exclusively used by customers whose assets reached more than one billion US dollars.

He was startled.

All over the United States, the millionaires with more than one billion US dollars are already registered figures, and they are also the most concerned customer group of Merrill Lynch.

Why does this young man have no impression in his own database?

Could it be that I have done something reckless?

"You can check with Citibank based on this card number." Xiao Qi said in a cold voice, "I put out a deposit of one billion US dollars to freeze and bet against Bank of Merrill Lynch. From July 1st to January 1st next year As of the end of ri, as long as the oil price in New York oil futures exceeds $80 per barrel, I will lose you $50 million for every dollar that rises! But as long as the U.S. dollar falls below $70, Bank of Merrill will lose to you for every dollar that falls. I have fifty million dollars, how about it?"

"hiss……"

Anthony gasped, the little boss's gamble was too great.

If the price of oil rises by more than 20 dollars, then the small boss's billion dollars will be in vain. This is a huge gamble!

Even Danze couldn't help frowning, and looked at Xiao Qi seriously for the first time.

Xiao Qi followed his example and didn't give him a chance to think, "How about it, Mr. Danze, do you have the kindness at Merrill Lynch Bank to play against me with me?"

Danze didn't answer him, but took a pen and quickly wrote down the content of the bet that Xiao Qi said just now on the paper. After making a phone call, he said sorry, and ran out quickly.

Only Anthony and Xiao Qi were left in the office.

After looking around first, Anthony lowered his voice and asked Xiao Qi, "Boss, do you really not have an official background in Huaguo? Or did you do research specifically to bet against Bank of Merrill Lynch like this?"

The lawyer who has calmed down from the billion-dollar gambling agreement does not believe that Xiao Qi is an irrational person. At a young age, he dares to come to the United States alone to discuss business, and he is a high-ranking person that Chinese people have always disliked. In the technology industry, this is definitely not something that can be described simply as "chaos on a whim".

Either this boy is an idiot, or this boy is a genius.

Anthony is more willing to believe that Xiao Qi is the latter kind of person.