Extraordinary Genius
Chapter 882 – Some places cannot be touched
“Feng, are you from Hong Kong?”
“I am Chinese. Hong Kong is part of China!” Feng Yu said.
“Of course. I agree with you on this. What do you think of the economies of the countries in Southeast Asia?” Soros asked.
“I am not very sure about other countries’ economies. But in Asia, there are 4 Asian Tigers and Tiger Cubs. Their economies are developing very fast.”
“Do you think there are loopholes in those countries’ economies?” Soros put down his knife and fork.
“Why are you asking? Are you thinking of making money from those countries?” Feng Yu asked.
Soros, which was holding on to his wine glass, shook. He did not expect Feng Yu to be so direct. But he thought back, and when he was at Feng Yu’s age, he was also so straightforward.
“That’s right. There are no reasons to give up on this opportunity to make money. Feng, are you interested in joining us?” Soros smiles and asked.
Feng Yu narrowed his eyes. Us? Soros does not only have Quantum Fund as his backing. He had already roped other speculators in. No wonder he can bring the whole Southeast Asia economies into chaos.
“Oh? How do I join?” Feng Yu pretended to be interested. Feng Yu does have an interest. If Soros is willing to give up attacking Hong Kong, Feng Yu will not mind being friends with him.
“The requirements for joining us is not harsh. First, you must have at least 1 billion USD as capital. You should not have a problem with this. Secondly, you must have guts. I believe you can meet this requirement too, right?” Soros asked and smiled.
“I don’t have 1 billion USD cash. But I can raise this amount if I get some loans. As for guts, I think you don’t need to doubt me. Timid people will not invest in commodities or currencies.” Feng Yu laughed.
“Then it’s simple. I would like to hear your analysis of the Southeast Asia countries’ economies.”
The Four Asian Tigers and Tiger Cubs Feng Yu mentioned earlier are to start this conversation. There are lots of loopholes in the economies of those countries.
Feng Yu thought for a while and said. “There are many countries in Asia, and most of them rely heavily on exports. Their economies might seem to be doing well, but they are heavily in debt. Also, many of those countries’ currencies are using Fixed Exchange Rate system and they don’t have enough reserves! Those countries’ financial system will collapse if we attack them!”
Clap… Clap… Clap…
Soros clapped. What Feng Yu had said was brief and straightforward. But he mentioned all the crucial points. Those countries might seem prosperous, but they have high debts and don’t have enough reserves. This is their weak point!
“Feng, you don’t need to say anything more. I invite you to join us now. Let’s go to Asia and make money!” Soros said excitedly.
Feng Yu raised his hand, and one of his bodyguards ran over and place a box of cigars on the table.
“Do you want one?” Feng Yu asked.
Soros was stunned. He had met people who discuss over dinner. But this is the first time he met someone who smokes cigars in the middle of a meal.
But Soros still accepted Feng Yu’s offer and thanked him.
Cigars are not like cigarettes, and the smoke is thicker. Both of them took a few puffs and the restaurant was filled with the cigar smoke smell.
“Can I ask how many people are participating in this operation, and how much capital do you all have? Also, what are the chances of succeeding, and how high are the returns?” Feng Yu asked.
“Feng, I cannot tell you how many people are with me, but I can only tell you a lot of people are participating in this. We have enough capital to attack not only one country’s economy. I am 80% confident that we will succeed, and the returns will be at least double!” Soros replied confidently.
Doubled? If this operation is executed properly, the returns will be more than this. Of course, there might be some hiccups along the way, and they might need to hedge against the risk.
“I can join you all, but I have a few requests.” Feng Yu looked at Soros.
“Everyone has their own requests.” If Feng Yu did not have any requests, Soros would find him suspicious!
“You all must not touch China.” Feng Yu said.
“China’s financial system is too conservative, and the Chinese government might step in anytime. Also, China has high Foreign exchange reserves. We have no intention of attacking China’s economy. After all, you are our partner now and you are Chinese.”
Feng Yu looked at Soros. Bullshit! It’s because China’s debts are low, and it’s economy doesn’t depend on exportation, and the currency cannot be controlled easily. If you all have the opportunity, you all will care how I feel?
Soros had attacked the Pounds in 1992, attacked Asia in 1993 and Malaysia suffered some losses. In 1994, he struck Mexico and then rested for about 2 years. All these while he was monitoring Asia economies. Asia economies are rising rapidly and Soros and his gang felt their opportunity is here!
Soros’s success in the past showed how powerful he and his gang are. Also, because they succeeded in the past, they had become stronger!
“Hong Kong, Macau, and Taiwan are part of China. You all must also not touch these places!” Feng Yu said.
Soros’s face changed. “You are from Hong Kong, and I can understand you don’t want us to attack Hong Kong. We can also accept your condition of not attacking China. But Macau and Taiwan have nothing to do with you. We have a lot of partners and I can’t give up the profits because of you.”
Actually, Soros had been eyeing Hong Kong for a long time. As for Macau, he is not interested. That is a gambling capital and have high cash reserves. Their financial system is also not developed, and they do not have any debts.
More importantly, the currency commonly used in Macau in Hong Kong Dollars. Attacking Hong Kong is enough.
Feng Yu thought for a while and said. “I can ignore Taiwan and Macau. But you must not attack Hong Kong and its currencies!”
Soros hesitated for a while and nodded. “Fine. I can promise you that the Quantum Fund will not attack Hong Kong Dollars. But you must help us in other countries’ markets!”
Feng Yu raised his glass. “No problem. Here’s to our success!”
Half an hour later, Feng Yu left with his bodyguards. Soros looked at Feng Yu’s back view and thought to himself. This Chinese man is not easy to control as he is too sharp.
Feng Yu closed his eyes after he boarded the car. Soros had said Quantum Funds will give up on attacking Hong Kong Dollars, but that does not mean others will not attack Hong Kong. Other than Quantum Funds, Soros also controls several hedge funds.
This old man is trying to fool me? But I also want to fool you too. Let’s see who will be tricked!
Translator Notes:
Four Asian Tigers
https://en.wikipedia.org/wiki/Four_Asian_Tigers
Tiger Cub Economies
https://en.wikipedia.org/wiki/Tiger_Cub_Economies
Fixed exchange rate system
https://en.wikipedia.org/wiki/Fixed_exchange_rate_system
Foreign exchange reserves
https://en.wikipedia.org/wiki/Foreign_exchange_reserves
1 Comment
Abastika · April 22, 2020 at 3:39 pm
Thanks
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