After the phone rang a few times, Feng Yu answered. "Hi, George."
"Feng, I think we need to talk."
"I also think so. Then, where do you think we should start?" Feng Yu had a playful smile on his face.
"Feng, the funds used to stabilize South Korea's currency are yours, right? You are also the one who came up with these measures to counter South Korea's currency, right? "
Initially, the South Korean side will only report contracts with more than 1,000 lots. But Feng Yu and his men had secretly suggested that contracts with more than 100 lots must be reported to the South Korean side, and the owner must be identified!
Although this will increase the workload, it will let the South Korean side know they are shorting Korean Won. Also, they will expose Soros and let everyone know he is shorting Korean Won.
Also, they will adjust the interest rates to normal and restrict Korean Won's short-term borrowing. This is one of the most effective measures against Soros and his men.
"How can it be me? I also don't know who it is." Feng Yu refuses to admit, as Soros does not have any evidence.
Soros was stunned. He did not expect Feng Yu to deny. If you don't admit, I will not know who it is. Other than you all, who else is it?
"Alright. Feng, I will not ask you about this. I want to know if you are interested in working with me again? " Soros believes that Feng Yu has no reason to go against him when there are obvious benefits in front of him.
In fact, Soros is already at a disadvantage when he called Soros. He humbled himself in order to earn money. Of course, if he had made enough money, he might come up with other ways to target Feng Yu. Who knows?
"Working together again? How? "Soros is asking for a truce.
"We will work together to suppress Korean Won. This is a good strategy, but there is a fatal flaw. They need a large amount of foreign reserves to support it. Their foreign reserves are almost depleted. Although they had raised some funds, it is less than 10 billion USD. As long as you and I work together, it will be easy for Korean Won to fall below their expectations. They can only use the floating rate system to solve their problems, or it will cause severe inflation in their country! "
Severe inflation was more damaging to a country than a financial crisis, and it was far more difficult to get out of inflation than to get out of a financial crisis.
Once the Won falls, South Korea will have only one choice. It was the lesser of two evils. Soros had already predicted this.
At that time, no one would be able to stop Soros from making a fortune.
Of course, the earlier this happened, the more Soros would earn. After all, Soros was losing a large sum of money every day.
Furthermore, Feng Yu must have a large amount of Korean Won in his hands now. If Feng Yu were to dump his Korean Won with Feng Yu, the South Korean government will be caught off guard, and the South Korean government will not be able to retaliate.
"But they still have tens of billions of dollars, right? Why don't you let them spend this money first? "Feng Yu suggested with a smile.
Soros kept quiet. As expected, Feng Yu had made this request.
This means that Soros wants to dump another 10 billion USD worth of Korean Won and let the South Korean Government take over. This way, he can get the last bit of South Korea's funds.
Soros would also suffer some losses, and the funds he could use would be lesser.
Another important point is that Soros's risk has increased by a lot. He must buy some Korean Won's appreciation contracts as a hedge to ensure that the contracts he shorted will not be blown up.
This way, Soros's profits will be much lower.
Everyone is investing together, and others are making more than them. Who will be happy if they are investing more than them?
Feng Yu did not say anything and waited for Soros to consider his options. Since Soros took the initiative to call, it meant that Soros's funds were running low.
"Feng, we are doing business together, and we should be on equal footing."
"George, don't you want your Quantum Fund to be famous? This time, I had asked those Hong Kong people to back off, and their reputation will be affected. But in the eyes of others, it is you, Soros, who has once again won a great victory and wiped away your shame! "
Soros's defeat in Hong Kong had an impact on his reputation. At least the number of people following him had decreased.
This time, Feng Yu had asked the Fu Family to go against Soros using the name of the fund that had defeated him in Hong Kong. Once they back off, Soros's reputation will return to normal, and this is important for an investment fund.
Feng Yu's meaning is clear. Why should you, Soros, want fame and profits?
You can have both, but you must focus on one thing. If you want more fame, then you must have less profits. If you want more profits, that's fine, but you must admit defeat.
Soros will never admit defeat, and many people will withdraw from his Quantum Fund. This will affect his current profits and the future of his Quantum Fund.
Soros is also hesitating. He must maintain the reputation of Quantum Fund. This is also to maintain his reputation as the world's top hedge fund manager. Just this reputation will bring him high profits.
But if he follows Feng Yu's suggestion and continues to invest a large sum of money, then Feng Yu's profits in South Korea will exceed him again, and it will be harder for him to make a move on Hong Kong in the future!
Is he really going to fail this time? Will he not even have a chance to avenge himself? Or will he only be able to avenge himself on the surface, and he will still lose?
Fame and profits, which is more important?
After a long silence, Soros said. "Feng, we will do as you said. I will continue to dump 10 billion USD of Korean Won, and we will act together. This time, the Quantum Fund will win, right? "
"That's right. This time, the Quantum Fund had defeated those Hong Kong tycoons." Feng Yu laughed.
I will let you take advantage of me. Anyway, it's enough for me to pocket all the profits. Soros wants fame, Feng Yu wants profits, and those Hong Kong tycoons are also after profits.
After this incident, Soros will not continue to attack Hong Kong, unless Soros can raise more funds. But that is not realistic.
"Alright. Wait for my good news."
"Wait a minute, George. I noticed there are still some futures contracts in Hong Kong. Can you persuade them to cancel their contracts? "
Soros did not expect Feng Yu to know about his backup plan.
"Alright. I will convince them."
After hanging up, Feng Yu had a victorious smile on his face. Although Soros did not suffer any losses this time, he will not make much money in South Korea. After all, he had invested too much in South Korea.
Feng Yu's backup plan can be used to short Korean Won. This time, most of the South Korean market's profits will be taken away by Feng Yu and his men!
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