Chapter 993 Spreading to Europe and America
Soros' four King Kong stood in a row by the desk, and all of them lowered their heads and said nothing. This mistake, their loss cannot be said to be heavy...it was quite heavy!
To put it simply, they bought futures contracts in which the ruble appreciated, and all of them became waste paper, and their positions were liquidated. They bought Russian stock index futures contracts, and most of them went bankrupt, and the Russian stock index plummeted by 30%!
Of course, these declines are not instantaneous. The reduction of the ruble exchange rate is also adjusted according to the floating exchange rate, but basically as soon as this policy is implemented, the ruble begins to plummet. .
Russia's stock market also began to plummet, as did the bond market. Soros and the others also bought a lot of Russian bonds, planning to make money with high returns.
Many international speculators were stunned by the combination of Russian punches, but Soros suffered the biggest loss!
"How much money do we have?" Soros asked shakily.
"There are still more than six billion US dollars of liquidity, and some bonds, stocks, etc. If they are all sold, they may be able to make up ten billion US dollars." Zhuken Miller calculated and replied.
If bonds, stocks, etc. continue to fall, then their funds will be even less.
"Boss, what should we do, short the ruble? It's too late, those securities companies have stopped trading ruble futures."
The Four King Kongs all believed that they had lost this time, and they might not even have a chance to stand up.
Soros slammed the table: "Who said we are finished? We still have nearly 10 billion US dollars, so we haven't lost! The sharp drop in the ruble will affect the entire financial market in Europe and the United States, and will form a chain reaction."
Zhu Ken Miller and the others looked at each other: "Boss, what do you mean, we are short selling in other countries' financial markets?"
"That's right, not only short selling, but also short selling with high leverage, so as to earn back the client's money, otherwise Quantum Fund will be finished, and we will all go bankrupt!" Soros said in a deep voice.
He is Soros, and he will not lose. As long as he still has the capital, then he can stand up!
Fortunately, his many years of experience as a fund made him remember that he must reserve funds for reversing capital at all times. If it weren't for this, he might have lost everything by now!
"Boss, Mr. Malfoy is calling." Soros' secretary came in to report.
"Come in,
I told him. Soros grabbed the phone on the table: "Malfoy, don't worry, your investment will definitely not lose money." At the beginning, I promised you that the minimum income of 10% will never change... Yes, I am losing money now, but it is not that I have no chance of earning it back. If you believe me, just wait another half a month, at most half a month In a month, I will give you all your money. If you force me now, you won't even get your money back! "
After calming down Malfoy, another call came in.
Soros kept explaining to the other party, asking the other party to believe him. Of course, the other party can only trust him, otherwise half of the principal of the money invested in Quantum Fund will not be recovered, let alone the profit.
After hanging up the phone, Soros told Miller and the others: "Throw away all the bonds and stocks tomorrow, mobilize funds, and go to the German and Belarusian markets. Whether you can turn around depends on this time!"
...
"Brother Feng, Russia has really adopted such an extreme method." Fu Guangzheng was a little surprised. This method will make the country lose its reputation. If you want to do business with them in the future, you have to think about it.
"Although this method is extreme, it is very effective. At least for Russia at this time, it is one of the best methods." Feng Yu said.
At this time, there was a bank run in Russia. People rushed to buy all kinds of daily necessities, and the rich quickly exchanged rubles for dollars, which caused the ruble to fall further.
Moreover, the unemployment rate in Russia will also increase, and various incomes will definitely decrease.
Russia's debt default, although the default time does not seem to be long, but the impact is very large. Moreover, Feng Yu is sure that the default period given by Russia will definitely be extended. In three months, Russia will not have the money to repay its debts, and they still have to use this money to stabilize the country.
"Since you expected this, why are you being so conservative when you ask everyone to short-sell futures in other markets? If we build positions with high leverage when we are at a high level, we can get several times or even dozens of times the profit!" Fu Guangzheng asked a little puzzled.
Feng Yu looked at Fu Guang and asked, "What if Russia doesn't adopt this method?"
"Uh, didn't you say that they will definitely adopt this method? You also said that this is the best method." Fu Guangzheng asked weakly.
"I said that if it were me, I would definitely adopt this method, but Russia's decision-maker is not me. Once they don't adopt this method, and other countries give Russia a lot of aid or loans, then we will blindly If you short-sell stock indexes in other countries with high leverage, you may lose a lot of money!"
To put it bluntly, Feng Yu is not sure that Russia will definitely adopt such an extreme policy. After all, Russia is a big country, not the kind of small country. If it says it defaults on its sovereign debt, it will really default, and it will bear international condemnation!
So Feng Yu informed Professor Liang and Fu Rongqi to let them open a small position and prepare to increase at any time, but no one dared to use high leverage, and they all made sufficient hedging.
In this way, although the profit will be greatly reduced, the risk is also greatly reduced. Moreover, the base of their investment funds is relatively large, and their earnings will not be less.
"Then why didn't we start in Belarus and Ukraine? The impact there should be greater?" Fu Guangzheng asked curiously. If we don't start in Russia, it's out of concern for Kirilenko, but those two countries don't matter, right?
"Brother Ji and I also have a lot of investments in those two countries, and there are also business partners of Brother Ji there. Another important point is that those two countries are closely related to Russia. If they also play some rogue tricks, our Investment is also likely to be in vain.”
Fu Guangzheng nodded thoughtfully. That's right, the two former Soviet Union countries are also considered military powers, and they are closely related to Russia, so they can't be moved by anyone who wants to.
Of course, Russia has cheated those two countries this time, and their relationship will definitely become much worse in the future.
Moreover, it is not bad to make a fortune in the European and American stock markets. Although Feng Yu also notified Li Zekai, the money invested by the Li family is much less than that of the Fu family. After this time, the assets of the uncle and Li Chaoren will be reduced. The closer they are, the comprehensive strength of their Fu family will become stronger, and the position of the No. 1 family in Asia will be more stable!
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