"Boss, we had sold 3 billion USD worth of Korean Won today, and they had bought all of it."
"I know. Double tomorrow." Soros ordered.
"Boss …"
"Just do as I say!"
For the next few days, Feng Yu bought all the Korean Won that Soros sold. He is trying to pull down the Korean Won exchange rate. Of course, the South Korean government had also worked hard. They used gold, loans, etc., to raise a sum of money and are ready to sell.
At this time, Park Yooshin is grateful to Feng Yu and the rest. If it weren't for them, Korean Won will not last for so long. Now, it seems that the South Korean government can win against Soros!
If Feng Yu knew Park Yooshin's thoughts, he would laugh his head off. Now, Feng Yu had bought so many Korean Won, and the South Korean government doesn't feel anything is wrong?
Once Feng Yu dumped all the Korean Won, will the South Korean government be able to pull down the exchange rate with the funds they raised?
Will Feng Yu dump all the Korean Won? Of course!
What's the use of Korean Won? Korean Won is not useful in the international market. It can't even be compared to Yen and HKD, let alone USD.
Of course, Feng Yu will not switch to Yen, because Yen is starting to become unstable and might depreciate anytime. All he needs is an incentive.
Feng Yu will surely want USD. Firstly, it is convenient to use USD, and secondly, his bank loans are denominated in USD.
For the next few days, Soros had dumped more than 30 billion USD worth of Korean Won, and Feng Yu and his men still bought all the Korean Won without any hesitation.
Soros was shocked. He did not expect Feng Yu to have so many funds.
Soros had borrowed all the Korean Won, and he still needs to pay interest. Also, he will suffer losses if he sells the Korean Won at a low price. During this period of probing, Soros could tell that Feng Yu is not alone. He is in cahoots with those Hong Kongers!
In Soros's memory, Feng Yu is a Hong Konger, and this is not surprising. This is just like how Soros had raised a lot of funds for Quantum Fund in New York.
…
"Feng, if you do this, it will put a lot of pressure on our funds. We do not have much money left, and even if we include those people, we will not have much left. This is not worth it." Kirilenko said.
"Don't worry. Trust me, the amount of money Soros can borrow is decreasing, and he is still incurring losses. Although we also suffered some losses, it wasn't much. Soros is more of a sore loser than us. He will contact me, "Feng Yu said confidently.
If they cooperate with Feng Yu, they will not interfere with Hong Kong or Hua Xia's financial industry. This way, both parties can continue to make money, and other countries will suffer. Feng Yu is not so noble to help others.
Soros had spent a lot of money to suppress South Korean Won, and pulling up South Korean Won also requires money. Although Feng Yu reckoned that Soros had earned a little before he made his move, it was not a lot.
Soros had suffered losses in the Hong Kong market, and while he was attacking South Korean Won, he should not have built up his position in Yen.
Feng Yu's appetite is too big, and he thought he will soon succeed in Korean Won. After that, he will move on to Japanese Yen. But Soros wants to cheat those Hong Kong tycoons again. Once those tycoons lose a lot of money, he can attack Hong Kong again.
In the end, he only succeeded halfway. Those Hong Kong tycoons were held back, but with the help of Feng Yu, Fu Rongqi, and the rest, they managed to break free and increase Feng Yu's funds.
Kirilenko blinked his eyes. "Why is he contacting us? Asking for a truce? "
"That's right. He is asking for a truce. Businessmen will not choose to go against each other if they can cooperate. Soros is a Jew, and he is a typical greedy Jew. He will not want both sides to suffer losses. "Feng Yu said confidently, but in his heart, he is worried.
That's why Feng Yu and the rest had kept a sum of money. If they cannot hold on any longer, they will short South Korean Won and sell all their Won to stop their losses.
Also, Feng Yu and the rest are not fighting alone. The South Korean government had raised a sum of money, and Feng Yu will let them spend it.
This way, even if Soros continues to attack, Feng Yu and the South Korean government can form a tiered defense.
"Alright. Feng, I hope you are right. Oh, I have good news for you. I had just received news that Viagra is doing well. Almost all the hospitals and pharmacies in Eastern Europe are selling this medicine. Next year, I guarantee the Eastern Europe market will have at least 100 million USD of sales. "
100 million USD of sales will be around 50 million USD of profits. Feng Yu estimated Western Europe, America, Asia, etc. will have the same or higher profits as Eastern Europe. After all, there are not many men in Eastern Europe.
Also, some of the green industries are not developed, which means they are more conservative.
"Hahaha … Are you going to try it yourself?" Feng Yu joked.
"Do I need it? I had only tested it on a few people. "Kirilenko had forgotten he had praised the medicine after testing it.
"That's right. I believe you will never need it." Feng Yu tried to hold back his laughter. Kirilenko does not believe Feng Yu!
Kirilenko ran away. "If there's nothing else, I will leave first. Wei Zai still wants to play mahjong with me."
Feng Yu gave Kirilenko a sideways glance. You really love mahjong? You are quite addicted to it. You sound the words' mahjong 'so well. Wei Zai is good at making fair-weather friends.
"Go ahead. I still need to work for a while, and I can only rest after Lunar New Year."
After Lunar New Year, the initial phase of the financial crisis will be over, and Kirilenko will not need to continue working with Soros. All of them can go to Thailand, Philippines, and other countries to reap more profits!
In Feng Yu's previous life, the second round of the financial crisis will start in August next year. All the Southeast Asian countries will be plundered by Soros again, and Hong Kong will fail at that time.
HKD did not fall, but the Hong Kong stock market crashed. Although Soros did not make any profits from the Hong Kong stock market, he claimed that he had made high profits by shorting the Hong Kong stock index.
In Feng Yu's previous life, Soros's assets had skyrocketed. There were rumors that within 18 months, Soros's assets had increased from a few billion to more than 20 billion.
Of course, these were all rumors, and Soros's assets were still a mystery.
During this period, Soros had been testing Feng Yu's funds, and Feng Yu was also testing Soros's funds.
Both parties did not know each other's background, and both felt the other party was unfathomable.
Suddenly, Feng Yu's phone rang. He looked at the caller ID and smiled in relief.
Soros is calling!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
