Chapter 141 So Far
Early in the morning of August 17, Li Yiwen and Wei Liqun came together to find Lu Yiming.
Last night, Lu Yiming was yawning after watching Hong Kong "old movies" on TV until late at night. Li Yiwen couldn't help but get nervous and persuaded him, "Stop it. The global stock market plummeted today. Hong Kong escaped the disaster by closing the market. If you surrender now, you will lose half at most. It's better to keep the green mountains and never worry about firewood."
Lu Yiming washed his face, still calm: "Wait and see."
After saying that, he picked up the remote control, turned on the TV in the room, and kept changing channels.
Li Yiwen thought Lu Yiming was also panicking and used this action to cover up his panic.
He is now worried that Lu Yiming is young and hot-tempered. If he cannot accept the failure for a while and comes down from this building in a month, how will Li Yiwen explain to his second aunt's family when he returns?
Just as he was about to speak, Lu Yiming stopped changing the channel.
An urgent international news broadcast was being broadcast on TV
Lu Yiming's eyes widened, he slapped his thigh hard, he breathed a sigh of relief, and collapsed on the sofa, saying, "This damn good news is finally here."
At one point, he was actually worried. He had never considered from the beginning to the end whether he, a reborn person, would become completely uncontrollable because of the flash of his tiny butterfly wings.
I have to admit that Lu Yiming panicked when he thought of this possibility.
But now it seems that, apart from anything else, at least the actions taken by the Russians have come as expected.
The news reported that Russia's policy on dealing with the financial crisis was extremely simple and crude.
The Russians realized that they could not beat the international speculators, so they simply changed the rules of the game - on August 17, 1998, in front of journalists and media from all over the world, they launched three tough emergency measures.
The first is foreign exchange control: expanding the floating range of the ruble exchange rate and lowering the upper limit of the ruble exchange rate to 9.5:1. This actually devalues the ruble against the US dollar from 6.295 to 9.5, a devaluation of more than 50%.
Second, debt default: postpone the repayment of the US$15 billion foreign debt due by 90 days. Convert the repayment period of domestic debt, convert the US$20 billion worth of national debt due before December 31, 1999 into medium-term national debt with a term of three, four or five years.
The third is to close trading. The Russian government bond market will suspend trading before the conversion is completed, which means that Russia will completely stop paying its maturing debts.
As soon as these three "Heaven and Earth Return" moves were used, stocks plummeted and trading was halted, and the ruble exchange rate further accelerated its decline, with the ruble-dollar exchange rate plummeting to 17:1 to 22:1.
Because no one was buying, Russia's stock, bond and foreign exchange markets were once suspended, banks were unable to cope with residents' withdrawals to exchange for dollars, and the entire financial system and economic operations were almost paralyzed.
Although it paid a heavy price in terms of a sharp drop in exchange rates and freezing of capital flows, the Russians' desperate refusal to pay their debts still played its due role, even if the price was the loss of credit in financing from the international market.
The content reported on TV news immediately shocked Li Yiwen.
The Russians actually dragged the international hot money down with them? What a ruthless person!
At present, the ruble has depreciated sharply again. Soros cannot sell the rubles he has exchanged, nor can he use them to buy at the bottom. This freeze has made Soros dumbfounded, and other international speculators who want to reap the Russians are also dumbfounded. They are like being beaten by someone. No matter how much money they made before, if you can't withdraw it, it's nothing!
But you have to pay back the interest on the loan!
Lu Yiming laughed and patted Li Yiwen on the shoulder, saying, "The situation has been decided. The next thing is up to you. I will be back in a few days."
Li Yiwen felt a little surprised and couldn't help asking, "Are you planning to go back now? You don't want to stay and watch till the end?"
It's like working hard to fill an open space with fireworks, but people leave before you can light them.
You can bear this?
Lu Yiming waved his hand disapprovingly: "Didn't I say that I'm not interested in money, so there's no need to see it to the end. The ending is already determined, and it won't affect the final result whether I stay or not. So why should here? I still have to study. After all, the remedial classes are over, and I have to go back to review my lessons."
Ren Junle and others rushed to Lu Yiming's room, their faces full of shock and disbelief.
Ren Junle’s joke turned out to be a prophecy, and the Russians really perished together with the international speculators!
The Russians chose to overturn the table, and the international speculators lost their pants. The victory or defeat was decided in advance! In the future, capital will be able to make a lot of money just from the Hang Seng Index futures market!
"Boss, your prediction is amazing."
Wei Liqun was so excited that his whole body was shaking. Financial wars are not just about money, but also about intelligence. An accurate piece of information is often more important than money.
Now that the future capital victory is certain, I finally don’t have to go out to look for a job.
"Invincible in this wave."
"Then wouldn't we be making a fortune?"
Speaking of making money, Li Yiwen suddenly remembered this incident and shouted, "Yes, yes, yes, let's quickly calculate how much money we made."
Ren Junle had to remind him: "We are sure to win, but how much we can win is still uncertain."
The delivery date is the 28th of this month. There are still ten days left, and it is still unknown how high the Hang Seng Index can rise.
However, this sure-win battle was so easy to fight that even Ren Junle had to admit that the new young boss was indeed a bit capable.
Just from this financial defense battle, Future Capital conservatively estimates that it can earn at least 2 billion.
Especially the 10,000 gambling contracts, which might have been the death warrant of future capital, but now have become "cash checks" that can be withdrawn at any time.
As for how much money can be written on these "checks", it depends on how long the international hot money can struggle.
On August 18, the U.S. stock market rebounded sharply, the Japanese yen also began to stabilize, and stock markets across Asia rebounded across the board.
This day was the first trading day after the public holiday. The Hong Kong government retained its strength and the Hang Seng Index fluctuated narrowly. The market closed down 14 points at 7210 points.
On August 19, the Hong Kong government's foreign exchange fund continued to enter the market, holding a large short position. The index climbed 412 points and closed at 7,622 points. The clarion call for counterattack was officially sounded.
Afterwards, international speculators still refused to give up and launched counterattacks from time to time, but Lu Yiming no longer cared.
After the Russians overturned the table, international hot money lost as much as 33 billion US dollars. It can be said that the trump card has been lost. No matter how hard they struggle, it is just a flash in the pan and not worth mentioning.
After that, the reports in Hong Kong immediately changed their tone and began to praise Lu Yiming crazily, saying that he would become the youngest billionaire in history!
Seventeen years old, a self-made billionaire!
“This is a good profit, which meets my expectations.”
Lu Yiming had already packed his things. He put on his backpack and said, "Let's go to the company first. I'll go back after I've arranged everything."
Ren Junle's eyes were full of energy, staring straight at Lu Yiming, and asked with great longing: "Boss Lu, can I follow you in the future?"
Lu Yiming's series of actions, as well as the optimism and composure he showed during this period, completely conquered Ren Junle.
"Hiss... that's not necessary. I do n't think we are a good match. Relationships can't be forced."
Ren Junle frowned slightly and said speechlessly: "Mr. Lu, what are you talking about? You mean, can I come to work at Future Capital?"
"Oh, that's fine. You should ask Zheng Zhiguang. Aren't you his secretary?"
At this moment, the door of the room was pushed open violently with a loud noise.
Zheng Zhiguang ran until his face was red and sweaty. He held the door frame with his right hand and covered his stomach with his left hand. He was like a shrimp that was heated unevenly. He bent over and gasped for breath.
