In 1979, there was civil strife in iran, and the oil crisis was about to erupt!
Pahlavi's brother was the king of iran. In order to let the iranians live a good life, he began a complete westernization reform.
However, this reform offended the religious faction, and the group of people who believed in islam could not stand him.
Therefore, he urged Khomeini to launch a riot in an attempt to overthrow Pahlavi's rule.
Pahlavi used the army to expel Khomeini and insisted on westernization. However, he died of illness in 1979 and allowed the military government to take over the country.
At this time, the religious faction revived, and the muslims would welcome Khomeini back on April 1.
After Khomeini returned to iran, in order to completely take power, he began to kill the military government.
At the same time, in order to prevent external forces from interfering, the religious faction announced a 60-day oil export halt.
After all, iran was the world's second largest oil export country. After Khomeini's announcement of stopping oil export, all countries in the world fell into panic.
The international oil price soared from 13 USD per barrel to 20 USD per barrel, reaching a peak of 41 USD per barrel in 1981!
Because of the surge in oil, Europe began to develop North Sea oil fields, and beautiful countries began to develop Texas oil fields. These measures were all to get rid of their dependence on Middle East oil suppliers.
The decrease in oil and gas import naturally caused a great decline in the shipping industry.
It could be said that the oil crisis of 1979 had a great impact on the world economy.
It was the end of March, and Khomeini would return to work on April 1st.
If Qin Yu wanted to take advantage of the oil crisis to make a fortune, he would have to exchange his Hong Kong dollars for US dollars as soon as possible.
Then, he would go to the London or New York exchanges to buy oil futures, and then he could wait for the oil to skyrocket in the futures market.
"Second Uncle, you're right. At this time, we should indeed reduce the frequency of shipping. I estimate that the political situation in iran will definitely be turbulent and even block oil export.”
Qin Yu said with a solemn expression.
"Little Yu, what did you say? Blocking the oil export! How dare iran do this?"
Qin Shaojie was stunned when he heard this. East Asian countries were highly dependent on oil. If the oil production in the Middle East decreased, it would definitely be a fatal blow to East Asia's economy.
However, Qin Shaohui fell into deep thought after hearing this. He looked at his son's calm expression and thought, This kid can't have any evil ideas again, right?
"Little Yu, what do you think?"
"I want to convert all the Hong Kong dollars in my hand into US dollars and then go to Europe to buy oil futures. If iran really stops oil export, then I can profit from the futures market!”
The current exchange rate between Hong Kong dollars and US dollars was about 7.8: 1. The 68.7 million Hong Kong dollars in Qin Yu's hands could be exchanged for 8.8 million US dollars!
If he invested all 8.8 million USD into the oil futures market, his future profits could be multiplied several times!
However, it was a little difficult to exchange money. Qin Yu wanted Qin Shaojie to go to the Hong Kong and Shanghai Bank to handle it.
"Xiao Yu, you want to speculate in oil futures? Are you so sure that iran will stop its oil export? One had to know that the country's GDP was supported by the export of oil.”
Of course, Qin Shaojie knew what Nephew Gu meant, but speculating in futures was speculation. If things went wrong, he might lose everything.
"Second Uncle, during the Pahlavi reform, all the land of the religious faction was distributed to the tenants. The religious faction wanted to swallow the Pahlavi alive. Even if Khomeini did not want to cause trouble, would the other religious people be willing?”
" I'm sure there will be chaos in the country. The religious factions are busy taking back their land from the military government. They don't have the time to care about oil export and the country's gross domestic product.”
To put it bluntly, the religious faction was a group of landlords. They did not care about what the country would become at all. They only cared about their own interests!
Qin Yu was explaining this to the Qin Shaohui brothers now because he wanted them to take out the Qin's Group's money and speculate and profit together. After all, this was one of the few opportunities to make money.
After hearing Qin Yu's words, Qin Shaohui and his brother looked at each other and could not help but feel a little moved.
"Little Yu, how much are you prepared to invest? There was no futures market in Xiangjiang City, so one had to invest in England or America.”
"I can help you exchange money at the Hong Kong and Shanghai Bank, but the Qin Corporation doesn't have much cash flow…"
It was embarrassing to say that the Qin Group bought a large number of ships before the shipping industry declined. This was a typical case of investment failure.
Now that the shipping business was not doing well, the cash flow had to be used to maintain the operation of the group. They really did not dare to use the cash flow to speculate.
However, Qin Yu slapped his thigh when he heard that and immediately said,
"Isn't that simple? We can just borrow money from the Hong Kong and Shanghai Bank! It shouldn't be a problem to borrow 100 million Hong Kong dollars from the Qin Corporation, right?”
"Second Uncle, don't worry. Let me handle this money. We'll split the profits equally.”
This kid had already thought of a way to bluff, right?
Qin Shaohui knew what he was up to the moment he heard that. However, he could indeed give it a try now.
His son's ability to earn money was obvious to all. Even if he lost money, it would be a loan from the Bank of Hong Kong. The Bank of Hong Kong would not force him to pay the debt.
"Shaojie, I think we can let this kid give it a try. You can go to the Hong Kong and Shanghai Bank to exchange money and talk to Shen Bi about the loan at the same time.”
Qin Shaojie thought for a while after hearing this and then agreed to this decision.
Qin Yu was even more delighted. He still had less capital in his hands and could not get the most benefits from the oil crisis.
Moreover, because he was still inexperienced, the Hong Kong and Shanghai Bank would not lend money to him. He had persuaded Qin Shaohui to speculate just now because he wanted the Qin Group to take a loan.
As long as he had sufficient capital, this oil crisis was a great opportunity for him!
Without further ado, Qin Yu and his wife arrived at the headquarters of the Hong Kong Bank of China after breakfast.
With Qin Shaojie's help, things were indeed easy. There was no need to make an appointment in advance. He could just swipe his face at the front desk and let the CEO of the Hong Kong and Shanghai Bank, Shen Bi, personally welcome him.
"Qin Sheng, this is Qin Yu, right? Welcome to Qingfeng. Some time ago, the Hong Kong media was talking about your battle with Li Jiacheng. I really didn't expect you to be so young!”
Although Shen Bi was a foreigner, he had a nickname called " Egg Friend ", which implied that he was white on the outside but yellow on the inside.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]