Quantum Fund.
"I was born poor, but I will not die poor."
——Soros.
This is a text hanging behind Soros's desk, and it is also his creed!
At this moment, in the office of financial tycoon Soros, a group of Wall Street's most renowned traders sat at attention, awaiting their boss's arrival. However, their expressions couldn't conceal their excitement.
Why?
Because they made a lot of money today!
"Da~da~!"
There was a sound of footsteps and the office door was pushed open.
The traders and financial experts who were sitting upright in the room stood up to greet the old man who was born in Budapest, Hungary. He was the world's financial tycoon Soros.
"Okay, everyone, please take a seat and let me hear the good news you have brought." A smile appeared on Soros's gloomy face.
A financial analyst immediately stood up and said, "Boss, thanks to the good news that the Thai authorities have abandoned the fixed exchange rate, our Quantum Fund has earned a total of $130 million today. In the coming week, we expect to reap at least $400-600 million in profits in the Thai foreign exchange market alone."
As soon as the words fell, there was applause from the audience.
Soros also clapped his hands, nodded and smiled, "Yeah, not bad."
Upon hearing this, the financial expert who was reporting the situation also smiled.
"Tell me, how much funding from international buyers has flowed into the Thai foreign exchange market today?"
Soros asked.
The financial expert immediately responded, "Boss, according to the information we have, the five major Wall Street investment banks—Goldman Sachs, Morgan, Lehman Brothers, Merrill Lynch, and Bear Stearns—as well as thousands of other investment banks, have all poured into the Thai foreign exchange market. At least $90 billion has flowed in today alone."
"Moreover, according to our analysis, in the next week, the amount of international free capital flowing into Thailand will climb to US$300 billion."
$300 billion,
This number is shocking!
You have to know that for some small countries, even if they sell all of their assets, the estimated value would be less than $300 billion. Moreover, once many international buyers use leverage, it will be enough to leverage a trillion-dollar market.
The Thai authorities are unable to stop the attack of a group of wolves with red eyes when they do not have sufficient foreign exchange reserves.
The collapse of Thailand's foreign exchange market is a foregone conclusion!
"$300 billion is a pretty good number."
A smile once again crossed Soros's gloomy face. "The chaos in Thailand's foreign exchange market will inevitably lead to the devaluation of currencies in export-oriented economies throughout Southeast Asia. By then, the capital inflow will be more than just $300 billion. I estimate that by then, the amount of capital flowing into the market will be at least $4 trillion!"
4 trillion US dollars!
In an instant, the entire office fell into complete silence!
Why?
They all gasped because the number Soros said was too shocking!
4 trillion in international capital is enough to destroy the economies of most countries in the world!
You know, in 1992, the international speculators led by Soros only brought in $500 billion in capital, but it caused the British pound to plummet rapidly. The entire British government's economy was stunned, with losses of at least hundreds of billions of pounds!
But now, it's at least 4 trillion US dollars!
In fact, from the perspective of time traveller Kyle, Soros still underestimated this global financial crisis!
$4 trillion?
Ridiculous!
"In July and August alone, more than $7 trillion was poured into the Southeast Asian market!"
When the big crocodile goes to war, no grass will grow!
All the national speculators are full of money, while the foreign exchange markets of various countries are in a mess!
....
Goldman Sachs.
It is one of the five largest investment banks on Wall Street. Even though it is not as big as investment banks such as Morgan and Merrill Lynch at this stage, by the 21st century, the funds it manages have already exceeded one trillion US dollars. In 2020, it became the world's largest investment bank.
In 2018~2019, for two consecutive years, the annual turnover exceeded US$40 billion.
It is a giant among Wall Street investment banks. Even Quantum Fund is just a little brother in front of it.
At this moment, President Collins looked at the data in his hand and couldn't help laughing:
"Soros is quite capable, really good. Let his Quantum Fund take the lead, and we'll make a fortune from behind. Is there anything better than this?"
As soon as he finished speaking, the financial experts around him also smiled.
Even though Soros and others are making a lot of money, if we count the profits, Goldman Sachs and the other five major Wall Street investment banks are the ones that make the most money!
In the 21st century, there is a saying.
They say Soros and his Quantum Fund are essentially a mad dog unleashed by the Federal Reserve and the Big Five investment banks, letting them charge on the front lines while they quietly make fortunes. The 1970s oil crisis, the Japanese real estate bubble, the stock market bubble, the Korean currency crisis... all were caused by the Federal Reserve and the Big Five investment banks frantically plundering the wealth of the world.
This means that once the American economy is weak, the country will plunder the wealth of foreign countries to stimulate its economy.
"In short, I'm out of money, so I'm going to come into your house and get it. You can't refuse. If you don't, I'll destroy your finances!"
...
"When it comes to financial operations, there's no moral or immoral approach; it's just an operation."
"Morality doesn't exist here at all because it has its own rules of the game."
"I am a participant in the financial market. I will play this game according to the established rules and I will not violate them. Therefore, I don't think there is anything unethical about foreign currency speculation."
"I won't feel guilty or responsible."
"As for the Asian financial crisis, whether I speculated on foreign currencies or not would not have affected the occurrence of the financial event. Even if I didn't speculate on it, it would still have happened."
The above words also come from Soros.
This is Soros's attitude towards the Asian financial crisis in response to a reporter's question during an interview in 1999.
"That's awesome!"
Sitting in the office of Gale Capital, Kyle couldn't help but shake his head and laugh when he thought about this.
Kyle had a clear attitude towards participating in the Asian financial crisis, which was to enrich himself, but he must not be the first to stand out!
You know, Soros has been listed on the wanted list or banned entry list by many countries because of his crazy speculation ovariousucountriesis said that he was assassinated several times.
He did not dare to leave the United States.
"You're indeed rich, but if you're constantly being watched and assassinated, then even if you become the richest man in the world, you probably won't be able to live a peaceful life."
"I still have to hide... Oh no, I have to play it safe!"
Kyle sighed.
It took a few days.
Things turned out just as Soros had expected. Speculators from numerous countries flocked to the Thai foreign exchange market, with a capital amount exceeding US$350 billion, completely shattering the Thai government's rescue plan.
What a mess!
Speculators from all over the world are making a fortune!
Of course, there were also many blind speculators who, blinded by profits, used high leverage of 100 to 400 times, and had their money ruthlessly washed away by the big sharks in this foreign exchange market.
Kyle has been very happy these days.
In five days, Gale Capital made a total profit of more than 24 million US dollars!
Moreover, this was just the foreign exchange market in Thailand. Remember, this was just the appetiser of the 1997 Asian financial crisis!