In early August, Malaysia gave up on defending the ringgit, and the ringgit fell by nearly 10% in just a few days. But this time, the Singapore dollar, which has always been strong, was also significantly affected, and it inevitably fell. Five percent!
Being able to shake the New Dollar has greatly increased the confidence of Soros and others. They can defeat this exchange rate system, so what do they have to worry about
They turned around and aimed at Indonesia, and the Indonesian rupiah was instantly affected.
The Indonesian government has long been prepared for this, such as raising the overnight interest rate, but this trick no longer works.
"Lao He, the Thai baht contract is ready for delivery." Feng Yu ordered with a smile.
At this time, the exchange rate of the Thai baht to the US dollar had fallen to 40:1. Feng Yu opened the position at 25:1, and during the period he covered some positions, with leverage ranging from ten to fifteen times.
The Thai stock index futures contract has already been delivered, and the Thai stock index has fallen to just over 500. Six months ago, the Thai stock index was still above 1,300!
He Zhaoji began to lead people to deliver Thai baht contracts. This time, they had more than twice the profit!
More than three months, more than double the profit, this is crazy!
Feng Yu has invested more than six billion US dollars in Thailand, of which he has invested more than US$4 billion, Kirilenko's about US$2 billion, and Guangzheng's more than US$300 million.
Feng Yu's own US$4 billion has turned into more than US$12 billion. Kirilenko and Fu Guangzheng's US$2.3 billion have naturally made a lot of money, of which 30% was paid to Feng Yu as agreed. From this high commission, Feng Yu earned another billion dollars.
In terms of Thai baht alone, Feng Yu’s net profit is nearly 10 billion US dollars!
Feng Yu is sure that Soros' profits are definitely not that high! Although Soros has more funds, the commission collected by Soros should be about 10%, and Soros’s own funds are only about 6 billion US dollars, and they have to be divided among the markets of several countries. This time in In the Thai baht market, Soros can only earn more than two billion US dollars. He has lost a lot before, and Soros will definitely have to make up for it. In other words, Soros's profit is likely to be only a few hundred million US dollars!
The funds between the two parties were further brought closer, and Feng Yu couldn't help but feel a little proud.
"Notice that each person will receive a bonus of one million US dollars today, which will be deducted from my personal funds."
After a while, loud cheers came from the big office.
These people have not earned much commission in the past few months. It is impossible to say that they have no complaints, but they are all waiting for the bonus promised by this generous boss.
Today, the bonuses were distributed, and the amount really surprised them.
A team of dozens of people costs one million dollars each. How much money does the boss have to earn to be so generous
This is the profit harvested from the Thai market. In a few days, the Philippine peso and Nanyang Singapore dollars will be harvested, or the ringgit contract will be ready for delivery.
According to their understanding of the boss, there will definitely be a large bonus by then. Even if there is not one million US dollars, at least five million Hong Kong dollars will be issued, right
As the boss said, this time the work is very hard and there is no holiday, but working for more than a year can allow them to retire twenty years early!
With assets worth tens of millions, depending on their own abilities, if they invest conservatively, they can earn at least about 10% per year, which is several million Hong Kong dollars. Why can't they retire and enjoy life
Many of them are grateful that they were recruited and even reviewed several times before joining the boss's team. It was truly one of the most correct decisions they made.
If they are still busy on their own and become an ordinary agent, they may be able to earn several million, but they will definitely not earn tens of millions. Not to mention that they don't have the opportunity to manipulate such a large amount of funds. Even if they did, they wouldn't dare to be so bold. If you invest in those rich people, if you lose money, your hands and feet may be lost, or your life may be at risk!
Funds are growing like a snowball, and the currencies of those countries are falling more and more miserably.
There is now a saying that the financial crisis in these countries will trigger a financial storm that will affect the entire Asia and even the entire world.
Such remarks accelerated the decline of currencies such as the ringgit. Feng Yu suspected that Soros was also involved in this. This is a public opinion attack that makes those who are trying to boost currencies such as the ringgit give up and let them follow suit and suppress these currencies.
It will definitely affect the entire Southeast Asia, but it is a bit exaggerated to affect the entire Asia, or even the entire world. For example, the economy of North Korea will not be affected at all.
But some other countries in Southeast Asia, which neither Feng Yu nor Soros attacked, have also experienced economic recession.
…
"Boss, a large number of Thai baht forward contracts have been delivered. The Thai baht has begun to rise. Should we also deliver?" Zhuken Miller asked.
Soros cursed Feng Yu in his heart. This must be Feng Yu. He delivered the contract without saying a word!
"Delivery, collect funds, and invest them all in the Indonesian market!"
In the Indonesian market, Soros no longer wants to be the vanguard. The first to start has to invest the most, but the profit is relatively small.
When we cooperate to make money, I can't always invest more, but you make more money, right
Thinking of this, Soros called Feng Yu: "Feng, some investors here want to withdraw their capital. This time in Indonesia, let's make an exchange. I suppress the stock market, how about you suppress the Indonesian rupiah?"
Feng Yu readily agreed: "Yes, but I have less funds than you. If I can't suppress it much, I hope you can help."
Feng Yu originally guessed that Soros would definitely not be able to bear making less than Feng Yu. He had been waiting for Soros to speak.
Feng Yu also wants to try it. He focuses on the foreign exchange market. What will be the effect? If that doesn't work, he still has Fu Rongqi to help him. Besides, he can also take the opportunity to show weakness and make Soros think that Feng Yu is the kind of person who gets carried away easily.
Sure enough, when Soros heard that Feng Yu agreed so happily, a sneer appeared at the corner of his mouth. Humph, young man, you really can’t hold your breath.
Do you think I'm just short selling currencies? What is important is the brand of our Quantum Fund, which has countless investors who follow suit.
Although I only spent tens of billions of dollars, it can have an effect of hundreds of billions of dollars!
And this time you take action, I can estimate how much funds you have. I will definitely not give up on the Xiangjiang Market. If I can take the opportunity to go to China and make a fortune, that would be even better!
…
"Lao He, this time we will mainly attack the Indonesian rupiah. Please discuss how to operate it and give me a charter." Feng Yu is not alone, he also has a team.
Although he was a little surprised by Feng Yu's decision, He Zhaoji immediately took people to study the strategy. The methods of main attack and auxiliary attack are different, they must not take it lightly! (To be continued.)