If one were to ask who was the most famous person in the United States' financial market, the answer would undoubtedly be Soros.
One had to know that Soros' name had been silent for a long time. The main reason was that Soros suffered a terrible loss in 1997. Not only did he lose all his funds, but he also lost all his funds. It was so terrible that someone offered 10 million USD to buy Soros' life.
However, Soros immediately announced that if he were to die in an assassination attempt, the person who killed the mastermind would receive a sky-high reward of 100 million USD.
The person who killed the assassin would also receive 20 million USD. This 10 million USD offer was immediately withdrawn. At the same time, no assassin dared to accept it.
After that, Soros lived a very peaceful life. Although he was still wandering in the financial market and had earned tens of billions of USD over the years, he had actually paid off all the debts owed by the Soros Foundation.
However, this didn't change the fact that Soros had become a thing of the past. Now, the titans of the financial world had become Warren Buffett and Harry Potter. As for Soros, the former Demon Cult Leader, he was at most Yang Dingtian.
However, in 2009, Soros became popular again. According to the financial report released by the Soros Foundation, the total income of Soros' foundation in 2008 was as high as 325 billion USD. He had successfully created a record for the annual income of a single foundation in the United States' history. This was a major achievement that broke the record of history!
For a moment, Wall Street and the financial market, which had been silent for a long time, became arrogant again. After all, in such a terrible year like 2008, Soros had actually created an unprecedented historical record. This was definitely a victory for the financial market!
However, many people couldn't understand how Soros managed to create such a terrifying figure of 325 billion USD in 2008 when the global stock market was plunging.
Soon, a well-resourced media company obtained the detailed financial report of Soros' foundation and posted the entire report with this summary: "Is it honor or disgust? Soros is full, all the United States fall! "
It turned out that after analyzing Soros' financial reports, the reason why Soros' foundation was able to rake in over 300 billion USD in 2008 wasn't because he made the right investment strategy, but because Soros was shorting the United States' stock market.
As a result, Soros was a great success. The 212 billion USD he invested turned into 525 billion USD. In other words, Soros made a fortune from the national disaster. When the people of the United States lost a lot of economic benefits, Soros intercepted the money and put it into his own pocket. How could the people of the United States not be angry?
As a result, Soros, who was praised by the United States just yesterday, became a rat that everyone wanted to kill in the blink of an eye. However, Soros himself did not care. He even accepted an interview with the relevant media.
"There are rumors in the market that you're benefiting from shorting the United States stock market. Is that true?" The reporter asked first.
"Yes. I think you'll understand if you read the financial reports we released this year. Last year, we did make a profit by shorting the stock market!" Soros admitted it very straightforwardly.
"Okay. I believe that Mr. Soros also knows that many people are very angry about this. They think that you shouldn't have shorted our country's stock market at this time. You're profiting from the national disaster. What do you think?"
"I think that this statement is very incorrect!" Soros said calmly. "I have decades of experience in this market. Everyone who is familiar with me knows that my foundation relies on shorting various stock markets and economies to make profits. Shorting is a method of my work. It is also a normal investment strategy!"
"The most powerful proof of this is that the law allows shorting. This proves that I'm not wrong. This is the right thing to do!"
"Secondly, even if I don't short, will the 2008 stock market and economic crisis end? Or will there be less losses?"
"That's not the case. The 2008 economic crisis was inevitable. It had nothing to do with me. The best proof of this is that even if I shorted the United States stock market, I didn't use any funds to crash the stock market. After I bought the short orders, I didn't use any funds. I let the stock market develop on its own. Our foundation didn't interfere with anything! "
"Otherwise, you wouldn't have only found out that we were making profits by shorting the stock market until our foundation released the financial reports. You should have found out about my actions when we started to suppress the stock market. At the very least, you should have found out about a large amount of funds that were used to short the stock market! "
"Lastly, if I had used all 200 billion USD to suppress the stock market, I guarantee that the current US stock market would have fallen by at least 1000 points. At that time, my profits wouldn't be 300 billion USD, but at least 600 billion USD!"
Soros indeed didn't use any funds to actually short the stock market to suppress it.
But this wasn't because Soros had the conscience of the industry. It was because Soros didn't dare to do so. If he only shorted the stock market, it wouldn't matter. But if he took the opportunity to suppress the stock market, then the United States government would be the first to target Soros. There would be no doubt.
So Soros was very smart to only buy the short orders. He didn't use any funds. In this way, Soros was betting on the general trend of the market.
This required more foresight and wisdom. It was also more exciting.
"Then sir, we found out that as early as August 2007, you started buying these short orders. So far, you've been doing this for more than a year. This means that as early as 2007, you were already sure that this financial crisis would break out?" The host changed the topic and asked.
"In fact, I had foreseen all of this as early as 2005!" "It was at that time that I submitted a warning report on systemic financial risks to Congress. I told Congress that there would be a huge economic crisis triggered by the subprime mortgage crisis as early as the end of 2007 and as late as the beginning of 2010. This economic crisis would affect the whole world, and the world would be in a state of recession for at least a few years. This was a huge crisis!" Soros said proudly. "That's right. That's right. That's right.
"Unfortunately, the market was very good at that time. No one was willing to believe me. My report was probably shelved. Today, I'm shamelessly taking out this report again to tell everyone that as early as three years ago, I had already given a warning about this incident. It was just that some big shots didn't have any reaction, so I could only make some money while I was at it!"
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