Reborn Xiangjiang Tycoon Growth

Chapter 569 Hong Kong Dollar Credit System

William Morgan not only failed to make a breakthrough in Hong Kong, but also in the Middle East and the United Kingdom. In order to win and prove himself to his family, he found many connections and adopted a multi-pronged approach.

At the same time, in order to help his son, old Morgan actually called the Rothschild family, with whom he had not been in contact since the end of his life. This was the first time that the patriarch of the Morgan family called the Rothschild family after the victory of World War II. But what he did not expect was that

It was the Rothschild family that actually refused to give him face, which made him very puzzled.

Although there are some conflicts between the two families, they are all Jews after all and share the same ancestor. Now it is obvious that helping outsiders does not count. He has lowered his profile and is still so disrespectful. This is a plan to fight with the Morgan family.

The old Morgan, who had hit a wall with the Rothschild family, turned around and issued a warning to the Middle Eastern royal family, clearly telling them that this is the United States and this is Wall Street. If they want to hang out here in the future, it is best to follow the rules set by the Morgan family.

The royal families of some small countries in the Middle East are a little worried. After all, many of their investments are in Wall Street. Offending the king here is not worth the gain, but for some reason, news of the Morgan family threatening their opponents was revealed.

American newspapers don’t care who you are, not to mention that the Morgan family also has many competitors. Now it is discovered that the old Morgan directly threatens and intimidates his opponents in order for his son to gain power. Is this something that a free America can do!

The Boston Post was the first media outlet to report the news, detailing the elder Morgan's use of his influence in the U.S. financial world to help his son intimidate rivals, and also used state resources to bribe rivals.

The report, fueled by well-intentioned people, allowed the world to see clearly the face of the Morgan family. This Wall Street financial giant is so shameless. Some members of Congress even criticized the Morgan family for using the power granted by the state to bribe their opponents. This is using the wealth of the American people as a favor.

.

The then President of the United States, Ronald Reagan, belonged to the Republican camp, and the Morgan family was the largest financial backer of the Democratic Party. This led President Reagan to publicly criticize Morgan Sr.'s actions for discrediting the freedom of American capital and hindering the development of the American economy.

Old Morgan saw that things were out of control, so he had to pretend to be sick at home. Now the people ask him to come out and explain. How can he explain this clearly?

After coercion and inducement failed, William Morgan began to increase its short selling efforts. However, this time the bulls were not just a few institutions, but also the people of Hong Kong. The Hong Kong dollar exchange rate began to rise at a speed visible to the naked eye. It had recovered by Wednesday.

To 4.6 yuan, it basically returned to the level at the beginning of the year. By the close of trading on Friday, it had risen to the 4 yuan level, which had exceeded the expectations of the people in Hong Kong.

It can be said that after a wave of operations, the Hong Kong dollar exchange rate has increased by about 8 points compared with the beginning of the year. Bao Zixuan does not dare to let the Hong Kong dollar continue to appreciate. That would be a fatal blow to Hong Kong export enterprises.

At this time, the hedge funds participating in short-selling the Hong Kong dollar on Wall Street were really wailing. The entire Wall Street suffered a huge loss of 20 billion U.S. dollars in this short-selling operation of the Hong Kong dollar. This does not include short selling orders in the futures market. There is no selling of Hong Kong dollars in the market now.

They still have short selling orders ranging from one month to three months that have not been closed. If they cannot deliver by then, it will be short buying and selling, and they will definitely be severely punished by then.

At this time, many institutions are trying their best to buy Hong Kong dollars, and only in this way can they close their positions. Loss is inevitable, but failure to deliver at maturity is a violation of the law.

William Morgan said to the butler Leon: "How much loss are we going to have this time?"

Leon: "Master, our Morgan Bank has lost more than 10.3 billion U.S. dollars this time, but the matter is not over yet. We still have 85 billion Hong Kong dollars in the futures market to close our positions, because there is not that much selling of Hong Kong dollars in the market. Everyone on Wall Street participated in this

The funds involved in this operation are all buying Hong Kong dollars, and they also have large short positions in the futures market that have not been closed."

William Morgan: "Then hurry up and exchange Hong Kong dollars. I didn't expect that the Rothschild family and the Middle Easterners would dare to come and cause trouble. I will definitely make them look good next time I have the chance."

Leon was secretly disappointed. Does this young master have a future? At least it is difficult in the financial field. In order to help him this time, the master has been attacked and has to pretend to be sick and stay at home. The rest of the family will let this high-minded but low-handed person

Will the Second Master continue to be in charge of the project?

The Morgan family can afford to lose money, but being questioned about their personal ability is more serious than losing money. Which generation of the Morgan family's heirs is not a powerful figure on Wall Street? They can be personally received by heads of state in any country in the world.

But now William Morgan still has the opportunity to become the patriarch. As a steward who has served the Morgan family for generations, he finds it difficult. The family will not let a loser become the patriarch. Such a person cannot make the family develop and grow, and may even

It brings disaster to the family. In the future, being a young man with no shortage of money is the best ending. If you continue to be greedy for power, you will die very ugly.

Leon: "Master, there is not so much selling of Hong Kong dollars in the market now. Hedge funds on Wall Street are desperately trying to exchange Hong Kong dollars. They also have a lot of short positions that need to be closed. Short-selling and short-selling must be investigated."

"We have several short-selling orders that are about to expire. If we fail to close the positions, we will not only be subject to huge fines, but in serious cases, we may be disqualified from securities trading. Morgan Bank cannot afford to lose this person."

William Morgan also knew that the family's reputation could not be ruined in his hands. If Morgan Bank was banned from securities trading because it could not close short positions, not only would its competitors take the opportunity to suppress it, but his cousins ​​would definitely make trouble.

His father has been implicated in his own affairs, and even old Morgan may not have any good ideas at this time.

William Morgan: "Leon, what do you think we should do now? Should we discuss it with the Middle Eastern royal family and the Rothschild family? Let them make a fortune this time, and we will definitely let them pay back double the amount in the future."

I heard that William Morgan is still saying tough words and arguing with each other at this time; what's the point of this? Moreover, it has not grasped the key point of the problem. Now it is meaningless to go to the Middle Eastern royal family and the Rothschild family. Old Morgan

The fact that the face of the two parties was not big enough and they still refused to let him go shows that the attitudes of both parties are very firm. Now we need to find the key people. Only in this way can the problem be solved at once.

Lai Sang: "Young master, neither Rothschild nor the Middle Eastern royal family will agree to us now, because they have offended us, and we don't care if we offend more harshly. What's more, they didn't even give me the respect of the master, so they don't have too much trouble when we ask.

Great meaning.”

"The Rothschild family and the Middle Eastern royal family went long on the Hong Kong dollar because of Bao Zixuan. They must have had a private agreement. It is estimated that Bao Zixuan paid a high price this time. Before the benefits were obtained, the two families could not

Conduct private transactions with any institution.”

"In that case, Bao Zixuan would be offended. Bao Zixuan originally wanted to be grateful to them. If they ask for something in the future, Heiyun will definitely support it fully. But what will Bao Zixuan think if they trade with us privately? It is an approach that will not please both parties.

.”

After hearing Leon's analysis, William Morgan already knew what to do. But he really didn't want to do this, otherwise he would be a joke, and even the entire Morgan family would become a laughing stock.

This weekend is indeed extremely happy for the people of Hong Kong. It can also be said to be the most comfortable weekend in so many days. The current exchange rate of the Hong Kong dollar is stable and rising slowly; this shows that their wealth has not shrunk. The most important thing is that with the

As the Middle East countries reserve Hong Kong dollars, many risks can be reduced in future trade, and there is no need to worry about the impact of exchange rate differences on costs.

Black Cloud Bank is also counting the profits from this international hot money shorting of the Hong Kong dollar. Their profits are indeed quite a lot. Wealth will not disappear for no reason, it will only flow from one party to the other. When Wall Street's capital is losing money, as an opponent, you will

Got a lot of profits.

In fact, Zixuan is not very concerned about how much money he makes. What excites him most is that starting from January next year, Black Cloud Bank will have 25% of the minting rights of Hong Kong dollars. For a bank that was established less than a year ago, it is simply a miracle.

, let alone when the Hong Kong dollar credit system has been initially formed.

Hong Kong's victory over short-selling institutions has redefined Hong Kong's economy around the world. This not only increases the city's reputation, but also represents the improvement of the status of the Hong Kong dollar in people's hearts. HSBC, a quasi-central bank, has been able to defeat international hot money without any effort from other financial institutions in Hong Kong.

, although there are external forces involved, it is enough to show how terrible the wealth in the hands of Hong Kong enterprises and people is.

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