Two years later, in September 2008, at the Feng Family Investment Trust Company on Wall Street.
Boss, even if you have money, you shouldn't throw it at me. It's better to give it to me than to throw it into the water. Moreover, this isn't your money. This is the bank's money. Isn't the bank's money? Thomas looked at the confident Feng Yan sitting opposite him and asked in pain. He had already lost hundreds of millions of yuan from buying Lin Group's shares, and it was still losing money. He felt his heart ache. He really didn't know what his boss was thinking.
I naturally have my reasons for doing things. Feng Yan replied with a smile.
Ever since he was tricked by Soros, Feng Yan had always wanted to take revenge. He didn't expect that he wouldn't give up after he ruined his plan to buy Lin's Bank. He made a comeback this time.
But I still don't understand why the boss borrowed two billion dollars just to buy the shares of a medium-sized bank company that doesn't have much room for appreciation. The money he earned was probably not enough to pay off the interest and the loss of this acquisition. Or did the boss have other motives? Thomas whispered.
Boss naturally has his reasons for doing things. Don't make wild guesses. The secretary next to him, Andy, was an American Chinese. She was adopted by Americans after being an orphan. She had been in the financial world of America since she was 18 years old and knew many big shots. Feng Yan had spent a lot of effort to poach her back then.
Andy, did you get the person I asked you to make an appointment with? Feng Yan looked at the Wall Street journal in front of him and asked with interest. It was his habit to read these economic newspapers like the Wall Street journal every day. Today, the president of the German central bank published an article in the journal, which aroused his interest. The article mentioned that the instability of the European monetary system could only be resolved through currency depreciations.
After reading the report, Feng Yan knew that his chance had finally come.
The head of Wall Street at Morgan Bank has arranged to have lunch with you this afternoon. The branch president of Wall Street at Citicorp Bank can also meet with you tomorrow to discuss the mortgage loan for the Lin family's shares that you bought. Andy replied.
Using 8% of Mobil Oil's shares to borrow 2 billion, then risking a loss to buy the Lin family's shares, and then using the Lin family's shares to mortgage the loan. Boss, what are you playing at? Thomas was already dizzy. He only felt that his boss was unfathomable.
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The Germans were ready to retreat. At the same time, Soros sat in his office and told his partner that he was ready to borrow a large amount of pounds to buy Mark with a 5% deposit.
Boss, the Feng Family Investment Trust Company is also trying to buy the Lin family's company shares with us. They'll buy as much as we suppress them and keep the stock price unchanged. Should we continue to sell them? A stock operator beside him asked.
How was the situation now? Soros asked. Soros was still a little apprehensive about the sudden appearance of the Feng Family Investment Trust Company. The boss of this investment trust company was said to be a Chinese American in his twenties, but his predictions of the financial market were very accurate. Sometimes, he even cooperated with Soros very tacitly. He was extremely experienced and could not be underestimated.
Although the stock exchange rate was very high, the Lin family did not lose much. On the other hand, the Feng family investment trust company had been losing money, probably more than 100 million US dollars. The operator replied happily. His commission for this month would definitely not be small.
We've sold most of the stocks on hand. Now, we're mainly focusing on the foreign exchange market. Even if we have to give face to the Feng Family Investment Trust Company, it's time to retreat. Soros thought for a moment and said.
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Three months later, Feng Yan used various methods such as borrowing and capital leverage to sell short the British pound equivalent to 700 million US dollars and buy the Mark equivalent to 600 million US dollars. In more than a month, he earned a net profit of 1.5 billion US dollars. The European central banks lost a total of 600 million US dollars, forcing the British pound to fall 20% in one month. Excluding the bank repayment and various other expenses, Feng Yan not only got back 8% of his original shares in Mobil Oil, but also owned nearly 1.4 billion US dollars of the Lin family's shares.
Boss, you're really amazing. Thomas sighed. However, Boss, how did you know that short selling pounds and buying marks would make money?
Since 1996, the European economic community, which had not yet unified its currency, began to unify the currency exchange rates of various countries and formed the European currency exchange rate insurance system. This system stipulated that the currency of each country was allowed to fluctuate within 25% of the European Community's "central exchange rate". If the currency exchange rate of a member country was out of this range, the central banks of other countries would take action to intervene. However, the economic development of the member states of the European Community was unbalanced, and their monetary policies could not be unified at all. The currencies of each country were affected by the interest rate and the rate of inflation differently. Therefore, sometimes, the Lian Bao system forced the central banks of each country to take actions against their wishes. For example, when the foreign exchange transactions fluctuated strongly, those central banks had to buy the weak currency and sell the strong currency to maintain the stability of the foreign exchange market. Feng Yan explained. Thomas, what would you do if you were an opportunist?
Thomas was also a veteran manager. He immediately understood the key point when Feng Yan pointed it out. After thinking for a moment, he continued, If it were me, I would use their insurance system to suppress the pound and profit from it.
Indeed, since 2006, Germany's economy had been growing strongly, and the German Mark was strong. In 2008, the UK was in a period of economic depression, and the pound was relatively weak. In order to support the pound, the interest rate of the British bank continued to rise, but this would inevitably hurt the interests of the United Kingdom. Therefore, the United Kingdom hoped that Germany would lower the interest rate of the Mark to ease the pressure on the pound. However, due to the overheated economy in Germany, Germany hoped to use a high interest rate policy to cool down the economy. This gives us an opportunity to take advantage of it.
Feng Yan placed the Wall Street journal from three months ago in front of Thomas and said," Ever since I saw this article by the president of the German Central Bank in the Wall Street journal, the article mentioned that the instability of the European monetary system can only be resolved through currency depreciations. I knew my chance had come. Feng Yan explained.
So you sold the pounds short and bought the marks. Tokas said," Boss, you're really far-sighted. No wonder you asked us to investigate the German economy two years ago. I guess Boss had already targeted this opportunity at that time. We thought it was a public holiday!"
Feng Yan smiled and nodded.
Thomas suddenly thought of a question and asked," But what if the Bundesbank changed its mind and continued to support the pound? The consequences…
Yes, if Germany continues to support the pound, we will be very passive and may be completely wiped out. Feng Yan replied without changing his expression. Our 2 billion USD might not even be left behind, and I would end up bankrupt.
But... although it was not his own money, Thomas was still shocked when he thought about the possibility of losing his capital with two billion dollars.
But we won, didn't we? Feng Yan smiled and looked at his subordinates. He said,"Everyone has worked hard these past few months. I'll give everyone a two-month long vacation. Each of you will receive a bonus of 500,000 yuan. Everyone, go on a vacation and rest."
Thank you, boss. Thomas shouted happily. I'll go inform Jack and the others. As he spoke, he ran out.
You don't seem very happy. Feng Yan looked at Andy and said.
There's nothing to be happy about. I'm not here for money. Andy replied with a smile. I agreed to help you because I wanted to succeed.
I know that you are an extraordinary woman. I also know that one day, you will leave this place and leave me, right? Feng Yan walked to the window and looked at the stars under the tall building. He said with some emotion," When I first came to Wall Street, I was nothing, but I longed for success. Today, I have a lot, but I miss the feeling of us starting from nothing."
Andy looked at the man in front of him and said," Old Tan said that he has news of my brother in China. It might take a few more years, but I want to make a trip outside.
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