Rebirth of India: Superior

Main text Chapter 213 The Devil Trader (Additional update by the Hall Master)

Although more than 10 million US dollars is definitely not a small number, Shakru is not very satisfied. However, he has no other way to deal with this matter, because Mexico's financial resources cannot be compared with Japan or Russia, which he has sniped before. Mexico's foreign exchange reserves are not much. If he plays 30 times leverage like the previous two times, he will definitely be targeted by the Mexican officials, which is not worth the loss. After all, there are many ways to make money, such as another opportunity to make a lot of money soon, and this time Shakru is still targeting Japan. ※%

So Shakru called Nanako Matsushima: "Nanako, do you still remember your old skills now?"

Nanako Matsushima asked a little confusedly: "Old skills? Boss, I don't quite understand what you mean."

"It's the job you did when we first met, stock index operation. It's been several years, have you forgotten it all?" Shakru reminded.

"How is that possible? Once you have acquired this skill, it is hard to forget it. Boss, why did you suddenly think of asking this? Are you thinking of speculating in stock indexes again?" Matsushima Nanako exclaimed.

Shakru nodded and said, "Yes, I think it's a good opportunity for me to come to Japan to make money again, so I want us to join forces again."

"But boss, I don't work at the stock exchange anymore." Matsushima Nanako replied with some embarrassment.

Shakru said with some laughter: "You silly girl, this time you will replace my job and become a big customer of Nomura, but you have to listen to my instructions for the specific operations, do you understand?"

"Oh, then I understand, but this time, boss, are you going to short or long?"

"Of course, short, just like last time."

Hearing this, Matsushima Nanako immediately advised: "Boss, Japan's economy has been very sluggish in recent years, and it has not yet recovered from the big stock market crash in the past few years. It can be said that the stock market has fallen to the bottom. You still want to short at this time? This is unlikely! On the contrary, you can make a little more by going long."

"Boss, you have seen my ability. Can I do such a risky thing without sufficient confidence? In January, a big event will happen in Japan, which will have a catastrophic impact on the stock market, so don't worry, this business will definitely not lose money. By the way, don't go to Kansai, especially Kobe, recently, do you hear?" Shakru reminded.

"Ah? No way, you mean something will happen in Kobe in January? Then I have to tell Sister Fujiwara, her family is from Kobe."

"Well, tell everyone you can, by the way, don't make the leverage too big this time, five times will be enough." Shakru reminded.

Nanako Matsushima asked in surprise: "Boss, didn't you always use 30 times leverage in the past? Why is it 5 times this time?"

Shakru explained: "This time is different from the last stock market crash. The last stock market crash was operated by a backstage pusher, so no one would care about me, a small fish, even if I followed the trend and took advantage of it. But this time is different. The stock market fluctuations are purely caused by natural disasters, so no one should hype it up. If I am the only one who uses 30 times leverage at this time, it will be too conspicuous. Although making money is important, safety is more important, so it's better to use a small one."

"Boss, I understand. I will do as you say."

Shakru was very confident in Nanako Matsushima's ability to do things, but to his surprise, Nanako Matsushima called him the next day, and she looked very She said anxiously, "Boss, are you sure you want to short sell? But now all the orders on the market are long. Especially Barings Bank is doing a thirty-fold leveraged rise in the Nikkei. Isn't it too dangerous for us to short sell at this time?"

Shakru thought carefully and asked, "Barings Bank? Was it done by Bahrain's Singapore branch?"

"Yes, yes, boss, you know about this, too?"

Shakru snorted, "If I wasn't busy speculating on the Nikkei index this time, I really wanted to make a profit from Barings' stocks. You see, after the incident in Kobe this time, Barings Bank should go bankrupt."

"Boss, are you kidding? That's Barings Bank. Even the British royal family is its client. How could such an old bank go bankrupt?" Nanako Matsushima's face was full of disbelief.

The collapse of Barings Bank is a classic case in the entire financial industry, especially in the courses of finance majors. Before the incident, not to mention Nanako Matsushima, even the world's top financial experts dared not imagine such a thing.

Barings Bank is one of the oldest banks in the UK, with a glorious history of 233 years. It is also a special bank where the British royal family opens accounts. There are as many as five hereditary titles, which can be regarded as a world record.

The direct cause of Barings Bank's bankruptcy was that Nick Leeson, a futures manager of Singapore Barings Company, misjudged the direction of the Japanese stock market. In January 1995, Leeson was optimistic about the Japanese stock market and bought a large number of futures contracts in Tokyo and Osaka, hoping to make a large profit when the Nikkei index rose. Who knew that there would be unpredictable events, and the Hanshin earthquake in Japan hit the recovery momentum of the Japanese stock market, and the stock price continued to fall. The final loss of Barings Bank was as high as 1.4 billion US dollars, while its own assets were only a few hundred million US dollars. The huge loss was difficult to make up, and this once glorious financial building collapsed.

On February 26, 1995, the Bank of England, the central bank of the United Kingdom, announced that Barings Bank was not allowed to continue trading and would apply for asset liquidation. Ten days later, the 233-year-old bank was acquired by ING Group at a symbolic price of 1 pound. This means the complete collapse of Barings Bank. But ING Group continued to operate under the name of "Barings Bank".

Because Shakur knew about this, he didn't care about what Nanako Matsushima was worried about, and he felt sorry that Nick Leeson's final crazy result ruined the entire bank.

ps: The process of Barings Bank's collapse is actually quite representative, but the detailed process is too long, so I will post it in the related work, and it won't take up words in the main text. In addition, you can watch the movie "Devil Trader" (also known as "Devil Salesman") starring Ewan McGregor, which is about this incident!

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