YM778.TV Chapter 908 - Irritating Soros
Chapter 908 – Irritating Soros
The method used by Fu Guangzheng is similar to what the private investment funds used in Feng Yu’s previous life. But Wind and Rain Consultancy does not need to do so. They are already well known in Hong Kong. In the past, someone had suggested lowering the entry barrier but was rejected by Feng Yu. At that time, he wanted the company to serve the high net worth clients.
As He Zhaoji is busy getting new investors, Feng Yu also found something to do. He is going to irritate Soros.
The Thailand Government’s retaliation is quite powerful, but it’s still within Soros’s acceptable range. But since the government had already adjusted their rates, they can continue to increase the rates to stop Soros!
This still had not happened, but Feng Yu knew it would be happening soon. When the Thai Government noticed that after the adjustment of rates is not effective, the official who made this decision will have to bear the responsibility.
When the adjustment of rates is introduced, there was an outcry in Thailand. Even the foreign investors were unhappy with it. But the solution to this was simple. Just ignore them.
After the Thai Baht exchange rates return to normal, all these complaints will die off. However, if the Baht exchange rates continue to fall, it will be an indication that this policy had failed. The Prime Minister or a Senior Government official will have to step forward to take the blame.
The introduction of government policy is not decided by the Prime Minister alone. But the people will not think this way. The Prime Minister is the head of the country and must be responsible for everything!
“Hello, George! How have you been?” Feng Yu asked in a lighthearted tone, showing his happiness for withdrawing from the market early.
“Feng, are your problems solved?” Soros had a bad headache these few days. His cost of suppressing Thai Baht had increased, but the exchange rates of Thai Baht had risen back to 26.7:1. That means when Feng Yu canceled his future contracts, it was at Thai Baht’s lowest rate.
Feng Yu had escaped and must have made profits. But Soros could not estimate how much Feng Yu made. From Feng Yu’s tone, he should be quite satisfied with his earnings.
The recent exchange rates of Baht had increased, and some of Soros’s futures contracts were due, and he made some losses. This made his cost of dumping Thai Baht much higher.
Soros is hoping Feng Yu to enter the market again. Feng Yu had a few billion USD, and they will not be afraid of the Thai Government’s 5 billion USD foreign reserve.
“Ah… not so soon. You should know that all governments in the world are not efficient. Lots of paperwork and procedures are required to build a factory. We still need to purchase the equipment, installation, etc. It’s not so fast.”
Soros wants to ask Feng Yu, what factory is the building that requires a few billion USD? Are you building a nuclear bomb?
Even if you are building a nuclear bomb, the investments should be in phases. The initial investment should be buying the land parcel. How much does the land cost? Is China’s land that expensive? Are you building a factory or a city?!
This is an excuse! It is an excuse!
Soros felt Feng Yu was calling him to mock him, or he is taking revenge on them for testing the Hong Kong’s market.
“Feng, if you are still angry over Hong Kong, I apologize. Those people were not under me and will not listen to my orders initially. They had entered Hong Kong market on their own. I had already ordered them to withdraw, and you should have noticed it.” Soros was not telling the truth.
When Soros and his men targeted Hong Kong, they were only testing the market. Also, their portfolios were too scattered and had withdrawn from the market early. Although they did not make any profits, they did not suffer any losses either.
From the test, Soros and his men knew Hong Kong is prepared to defend themselves. They were well prepared and had reacted very fast.
If Soros and his men had not reacted fast enough, they might have lost all their deposits when building their portfolios.
Soros is not sure if it was Feng Yu who headed Hong Kong’s defense against him, or an expert is watching the market closely. It would be best if it were Feng Yu. If it is the latter, then they will face a lot of trouble.
“No… no… no… that incident is over and I trust you. I have some cash flow problems now. Give me one month. I promise I will get back all my fund within one month. After I got my funds back, we will teach the Thai Government a lesson together!”
Apologize? Your men did not follow your orders and entered the Hong Kong market on their own? You are the one who ordered them to withdraw? Bullshit! What’s the use of apologizing? When dealing with such a person, making him lose money, reputation, and trust is the best punishment.
Soros felt helpless when he heard what Feng Yu said.
Wait for one month? This is the financial market, and every hour, minutes count. Changes might take place anytime, and you are asking me to wait for a month?
Wait… Feng Yu is asking us to hold the Thai Government off for a month?
Impossible! Can the Thai Government last for a month? We are not the only ones dumping Thai Baht. Many other companies and banks are doing it too.
If the Thai Government can last for one month, the Quantum Fund will suffer significant losses. They are dumping Baht every day, and how much will they lose?
If within a week and there’s still no hope of winning, Soros and his men must stop temporary, and raise more funds to give the Thai Government a final blow! They must end it with one deadly strike!
If the battle dragged any longer, even if Soros won in the end, they will also not make any money.
“George, why are you not saying anything? I know one month is too long. How about this? You can withdraw from the market first and wait until my funds are ready, before entering the market again. I can guarantee that the Thai Government will not have time to retaliate!” Feng Yu purposely suggested this.
Withdraw first? Goddamn! The best time to withdraw is already over. If I withdraw now, I will suffer some losses.
What you said is easy. How would my clients see me after the losses? If my clients withdraw from the Quantum Fund, I will lose my capital!
Hmph! We had started planning last year. At that time, we did not include you. Even without you, we can still win!
“Feng, thanks for your suggestion. But I think it is not necessary. The Thai Government’s new measures might be effective, but if they think they can defeat me with these measures, they are looking down on me!” Soros replied proudly.
“Really? Then I will congratulate you in advance.” Feng Yu said he was congratulating him, but in his heart, he was laughing.
Feng Yu could estimate Soros had used a significant amount of funds from Quantum Fund, but he does not have an overwhelming advantage. If the Thai Government implement more extreme policies, Soros and his men will lose!
Unless Soros can bring in an additional large amount of funds.
Feng Yu also believe that Soros will have other tricks up his sleeves. But it will take time for him to implement his backup plans. Soros funds are mainly invested in low-risk financial products, unlike Feng Yu, who had cash. That’s why Soros requires time to transfer his funds.
Changes might happen anytime in the financial market. If Soros does not have sufficient funds, he will suffer losses just like what happened in Feng Yu’s previous life!