Recommended reading: Soros's four kings stood in a row beside the desk, everyone lowered their heads and remained silent. Their loss couldn't be said to be heavy due to this mistake... it was quite disastrous!
To put it simply, they bought futures contracts on the appreciation of the ruble, but all of them turned into waste paper and their positions were liquidated. They bought futures contracts on the Russian stock index, and most of them were liquidated. The Russian stock index plummeted by 30%!
Of course, these declines were not instantaneous. The ruble exchange rate was lowered based on the floating exchange rate. But basically, as soon as this policy was announced, the ruble began to plummet. They had no time to deliver, let alone open positions to stop losses. .
Russia's stock market also began to plummet, and the bond market also began to plummet. Soros and the others have also bought a lot of Russian bonds, intending to make money with high returns.
Many international speculators were confused when this Russian combo came out, but Soros suffered the biggest loss!
"How much money do we have left?" Soros asked in a timid tone.
"There are still more than 6 billion US dollars in liquidity, as well as some bonds, stocks, etc. If we sell them all, we may be able to collect 10 billion US dollars." Zhuken Miller calculated and replied.
If bonds, stocks, etc. continue to fall, their funds will be even less.
"Boss, what should we do, short-sell the ruble? It's too late, those securities companies have stopped trading ruble futures."
The four kings all believed that they had lost this time and 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 have not lost! The ruble's collapse will affect the entire European and American financial markets and form a chain reaction."
Zhuken Miller and the others looked at each other: "Boss, what do you mean, we short-sell in other countries' financial markets?"
"That's right, you must not only sell short, but also sell short with high leverage, so that you can earn back your customers' money. Otherwise, Quantum Fund will be finished, and we will all go bankrupt!" Soros said in a deep voice.
He is Soros and he cannot lose. As long as he still has capital, he can turn around!
Fortunately, his many years of experience in fund management have taught him to remember that funds for capital recovery must be reserved at all times. If not, he would have lost everything by now!
"Boss, Mr. Malfoy called." Soros's secretary came in to report.
"Come in, I'll tell him." Soros grabbed the phone on the table: "Malfoy, don't worry, your investment will definitely not be lost. I promised you a minimum of 10% of the return. It will never change... Yes, I am losing money now, but it is not without the opportunity to make it back. If you believe me, just wait another half a month, at most half a month, and I will give you all your money. You If you force me now, you won’t be able to get your capital back!”
After comforting Malfoy, another call came in.
Soros kept explaining to the other party, asking the other party to believe him. Of course, the other party has no choice but to believe him, otherwise half of the principal invested in the Quantum Fund will not be recovered, let alone profits.
After hanging up the phone, Soros told Miller and others: "Sell all bonds and stocks tomorrow, mobilize funds, and go to the markets of Germany and Belarus. 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 credibility. He must consider it if he does business with them in the future.
"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.
There was a run on banks in Russia at this time. People rushed to buy all kinds of daily necessities. Rich people quickly exchanged rubles for US dollars, causing the ruble to fall further.
Moreover, Russia's unemployment rate will also increase, and various incomes will definitely decrease.
Although Russia's debt default does not seem to last long, the impact it brings is very large. And Feng Yu is sure that the default deadlines given by Russia will definitely be extended. In three months, Russia will not have the money to repay its debts. They will still use this money to stabilize the country.
"Since you expected this, why do you have to be so conservative when asking people to short-sell other market futures? If we open a position with high leverage at a high level, we can get several times or even dozens of times the profit!" Fu Guangzheng asked with some confusion.
Feng Yu looked at Fu Guangzheng and asked, "What if Russia doesn't adopt this method?"
"Uh, didn't you say they would definitely adopt this method? You also said it was the best way." Fu Guangzheng asked weakly.
"I said that if it were me, I would definitely adopt this method, but Russia's decision-makers are not me. Once they do not adopt this method, and other countries provide Russia with large amounts of aid or loans, then we will blindly If you use high leverage to short-sell other countries’ stock indexes, you will probably 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 a small country. If it says it defaults on its sovereign debt, it really means it has breached the contract, and it will have to bear international condemnation!
So Feng Yu notified Professor Liang and Fu Rongqi, asking them to open a small position and be ready to increase it at any time, but no one dared to use high leverage, and they all made sufficient hedging.
In this way, although the profits will be greatly reduced, the risks will also be greatly reduced. Moreover, their investment capital base is relatively large, and their earnings will not be less.
"Then why don't we start with Belarus and Ukraine? The impact there should be greater, right?" Fu Guangzheng asked curiously. If we don't start with 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 we also have business partners there. Another important point is that those two countries have close relations with Russia. If they also use some rogue tactics, our Investments can also be in vain.
"
Fu Guangzheng nodded thoughtfully. Yes, the two former Soviet allies were considered military powers and had close ties with Russia. They could not be touched by anyone who wanted to.
Of course, Russia has tricked those two countries this time, and their relationship will definitely become much worse in the future.
And being able to make a fortune in the European and American stock markets is not bad. Although Feng Yu also informed 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 As they get closer, the overall strength of their Fu family will become stronger, and their position as the No. 1 family in Asia will become more stable!
… (To be continued.)
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