The Rebirth of the Financial Hegemon

Singapore.

Jushi Capital Trading Department.

Liu Qiang sat in the chief trading seat.

Three days of rest, so he's in good spirits.

but.

His heart was beating wildly.

His eyes were full of excitement like flames.

In the morning, Zhao Jiangchuan gave Liu Qiang a call.

Just a few words.

Kill them all.

Just these few words made Liu Qiang's soul tremble and boil with excitement.

As the top person in charge of the Singapore market, Liu Qiang knows very well who their current opponents are.

JP Morgan (4), Goldman Sachs, AllianceBernstein, Tiger Fund, Quantum Fund...

Which company is not a dominant player in the global financial market?

The Quantum Fund controlled by Soros is considered the weakest among these giants.

But even so, Soros was called the man who brought down the Bank of England by the Financial Times.

Bank of England What is that?

That's the Central Bank of England.

It amounts to the sovereignty of the British Government.

Defeating the Bank of England is not much different from defeating the British government.

Therefore, even if Liu Qiang didn't want to admit it, he still looked up to and awed him silently in his heart.

He wasn't ashamed of it.

As a position trader who makes a living from trading, who wouldn’t be in awe of the man who has never failed?

Even European governments feel chilled when they hear the name George Soros.

In awe of this man who has never failed.

There’s really no shame in that.

But now, this man who is like a myth in the financial market will face his first defeat in his life with his Quantum Fund.

Soldier against soldier against general.

Since Stanley Druckenmiller is the top general of Quantum Fund, let me hit you.

"Xiaosi, within the first bidding period, I submitted a purchase order of 100,000 lots at a price of 24.12..."

"Xiao San, once the buy order in our hand is completed, we will immediately open a 50,000 short position for hedging..."

...

Bangkok, Bank of Thailand.

President Sonny is making several offensive and defensive alliances that were agreed upon before joining the line.

Hong Kong Monetary Authority, Monetary Authority of Singapore, and Bank Negara Malaysia.

"Thank you all. On behalf of the King of Thailand and the Thai people, I would like to thank everyone for your help in times of need. I hope that Thailand can survive this crisis safely this time."

"Sonny, you don't have to be so polite. We are also helping ourselves by doing this."

"Yes, Sonny, if the Thai baht cannot withstand it, I think the fire will probably spread to other places. The currency crisis in Europe is a lesson learned from the past."

"Sonny, we are ready here. When the market opens, we will buy all the selling orders in the market."

"We are also ready here and will do our best to receive all the baht."

"The thing that drives the price is yourselves."

"Okay, as long as we work together, I believe we can defeat these damn crocodiles."

"..."

During the New Year's Day holiday, the Thai authorities carried out a series of administrative interventions against the baht.

Everyone knows that the Thai baht is about to change.

But even if it is anticipated, not everyone can bear it when faced with it.

Singapore Exchange.

The price of the US dollar against the Thai baht opened higher at 24.120.

This price is a full thousand points higher than last Friday's closing price.

A gap of up to 4 percent.

Many people were confused.

Such a large increase in the Thai baht, with its leverage ratio of dozens to hundreds of times, will mean crazy profits.

Some people's account assets doubled or several times increased at the moment the market opened, while others had their positions in their accounts immediately closed or even incurred liabilities at the moment the market opened.

Tiger Management Trading Department.

Robinson's brows knitted together.

Ruchuan's brow seemed to have the word "王" written on it.

Over the last week, Robinson had had a feeling something was wrong.

But it's still too late.

With the large-scale positions held by Tiger Fund in the forward market, there is simply no way to close out the position in the shortest possible time.

If it really does that, Tiger Fund will bury itself alive.

If hundreds of millions of dollars in short contracts are liquidated, it will push the Thai baht to a sky-high price.

Therefore, Tiger Fund’s position size has only been reduced by less than one-third.

time is too short.

It's so short that even Robinson can't make a choice.

No one expected that the Thai authorities would use a series of combinations that were almost cheating.

Now Tiger has fallen victim to this combination.

"Rosa, what's our loss now."

"A total of...a total accumulated loss of 600 million US dollars."

$600 million.

Even as strong as Robinson, he couldn't help but feel his heart twitch when he heard this number.

That feeling was no less than being stabbed in the heart.

In the market, the price of Thai Baht continues to soar upward.

Domestic banks are prohibited from lending Thai baht to foreign investors and offshore lending rates are increased by 1,200 percent.

These two tricks are extremely vicious.

Everyone knows that the liquidity of the Thai baht in the current market has shrunk sharply.

No one will borrow Thai baht at an interest rate as high as 1,200%.

Because transaction costs are a crucial point for funds.

Even Soros's Quantum Fund has an annualized return of 25%.

But the current Thai baht lending rate has increased by 1,200% from the original rate.

With such a high interest rate, how on earth can you make money by borrowing money to short-sell the Thai baht?

Robinson's face was full of bitterness.

This pair of combos from the Bank of Thailand is both murderous and heart-breaking.

In this case, those speculators who borrowed money to sell the baht will inevitably pay back the borrowed baht as soon as possible.

And those short sellers who originally wanted to borrow Thai baht will also give up their intention to borrow money again.

A large number of short positions have been liquidated in the Thai baht market.

This is the best proof that the shorts have been broken up.

Hateful.

If Tiger Fund has enough time to collect the Thai Baht, it may not be able to suppress the Thai Baht's counterattack now.

But that damn Jushi Capital suddenly did something like this...

How abominable.

To be fooled by such a newbie.

By now, it's too late to say anything!

Could it be that Hua really took control of Jushi Capital, which is controlled by Chinese people?

It is different from the contempt that other European and American wealthy classes have for China.

Robinson has been studying Chinese philosophy all year round and has a deep admiration for Chinese philosophical concepts.

To his extent.

I have already understood what the financial market is.

It's like Tai Chi in China.

There are two sides of yin and yang, but it contains all kinds of changes.

It's like a battle between military strategists.

24.012...

The selling price was 3,000 lots.

23.995...

The selling price was 2,000 lots.

The constant selling let Robinson know that the situation was over.

For now, the only option is to abandon the car and save the handsome man.

"Linda, let the trading department stop the loss!"

"But..."

"Go ahead and do as I say."

"yes!"

"..."

New York, Quantum Fund.

Stanley Druckenmiller's face was very ugly.

Intelligence agencies have reported that the Monetary Authority of Singapore and Hong Kong have begun to take over Thai baht from the market.

This is bad news.

It is now difficult for Quantum Fund to obtain low-cost baht from the market.

The same goes for other institutions.

When the Thai baht circulating in the market is wiped out by several companies, then this attack on the Thai baht can only fail.

Without enough baht to impact prices, failure is only a matter of time.

time...

It would be great if you could give me another year.

No, not a year.

Even if you can give me another half year or even three months, that will be fine.

Reluctant, aggrieved and regretful, Druckenmiller clenched his fists tightly.

It would be nice to have a few more months to build positions gradually.

Damn Boulder Capital.

This damn traitor and bastard.

Druckenmiller felt aggrieved and deeply ashamed when he thought of Jushi Capital's malicious hedging.

Quantum Fund is a quantum hedge fund.

In the field of hedging, Quantum Fund is the originator.

But now, it has been tricked by an investment company in the field of hedging.

This is really damn good.

In your absolute field, you were tricked by someone using what you were good at.

That kind of shame and pain is simply more unacceptable than the losses on paper.

Druckenmiller wanted to curse.

But in the end he sighed helplessly.

"Why..."

After all, the market is right.

The price of the Thai Baht continues to soar.

23.968..., buy three thousand lots; 23.968, sell one lot.

23.966, sell two thousand lots; buy one lot at 23.966.

Suddenly, Druckenmiller wanted to laugh.

This kind of market with large buying orders and small selling orders made him feel like a fool.

A fool who was played by others and applauded.

Loss does not mean Druckenmiller's ability is poor.

These are two concepts.

Just like a securities analyst, his analysis may be very correct, but it does not mean that he can make money.

In long-term capital management, Druckenmiller is known as the second person behind Soros in Quantum Fund.

How could he not see what the current situation was like.

The Thai government's combination is sure to kill, and no funds can take it.

The only thing that can be done is to avoid its edge temporarily and wait for opportunities later.

It was at this point that Druckenmiller wanted to laugh.

With the strength of Quantum Fund, it currently has to avoid the upward trend of the Thai baht.

But unfortunately, some people are still selling the Thai baht short.

There are still people who are closing their long positions.

That one hand buys flat and the third hand sells open.

What a bunch of fools.

"hehe..."

Druckenmiller gave an unintelligible laugh.

There was an unspeakable sarcasm in that laughter.

It seems that he is laughing at those people who sell two or three hands, and he also seems to be laughing at himself.

The current market is just like the market manipulated by Quantum Fund before.

It's just that this time they became the ones being played.

After being lost in thought for a few minutes, Druckenmiller sighed again. It was time to make a choice.

He picked up the phone without any further hesitation.

"Robbie, close all positions in the forward market and settle 70% of the baht we have."

...

Even giants such as Tiger Fund and Quantum Fund cannot withstand the impact of the market, and those small-scale positions are naturally unable to withstand.

London, New York, Chicago.

There was an outcry in the major foreign exchange forward trading markets.

"Oh, God, I'm busted."

"Damn, damn Boulder, this abominable traitor."

"Damn Thailand, how dare you blatantly cheat."

"I'm sorry, how should I explain to my customers..."

"It doesn't matter, you can answer like this, tell you a sad news, because our investment failed, so all your assets were lost, haha..."

"Damn Dave, you're going to be famous this time."

"..."

In the European and American markets, due to the high popularity of financial products, more than 80% of people manage money through various financial channels.

However, unlike the Asia-Pacific region where individual transactions are the main focus, European and American markets mostly entrust funds to handle their own funds.

For example, buy products issued by a certain fund, or purchase financial products issued by banks or insurance companies.

Every year, you only need to pay a certain management fee, and you no longer have to worry about operating in the market.

Leave professional matters to professionals.

This is also the main reason why Wall Street is full of investment banks.

Sasha Mitchell is a famous American boxer.

Like most Americans, he also chose to preserve and profit from his income through financial management.

Florida State, Mitchell just finished a game.

"Ring ring ring..."

In the locker room, Mitchell's mobile phone rang.

The call came from Paul Jones, Mitchell's fund manager.

"Hey Paul, do you have any good news for me?"

"..."

"Why don't you speak, Paul, can you hear me?"

"Sasha, I have some unfortunate news for you. Because our investment is in the wrong direction..."

Investment failed.

Mitchell had a bad feeling.

he said hurriedly.

"So what?"

"So, you accidentally lost your assets..."

"Dong dong dong..."

Mitchell's heart felt as if someone had punched him hard in the ring.

He swore angrily after realizing what it was.

"Damn it, Jones, you bastard, tell me what's going on. Didn't you say you wouldn't have too much risk as a hedge fund? How could you..."

"I'm really sorry. We don't want this to happen. I have to inform other customers now. Please forgive me..."

"..."

.......

"Have you heard that Quantum Fund suffered a big loss on the Thai baht, and it is said that it was tricked by an investment company called Jushi Capital."

"The one that bought Standard Chartered Bank?"

"Yes, that's the one."

"Isn't Quantum Fund good at hedging risks? How come it still suffers losses?"

"Oh, who knows, but I heard that Quantum Fund's position against the Thai baht was a unilateral attack, and there was no risk hedging at all."

“Is this still a hedge fund?”

The impact of the Thai baht quickly spread around the world.

Since Quantum Fund once publicly launched an attack on the Thai baht in the market, countless small funds once followed suit.

Because of its continuous victories in attacking currencies such as pounds, marks, and francs, Quantum Fund has long been a leading banner in the U.S. financial industry.

But no one expected that Quantum Fund would crash in the Thai market.

With the Thai baht skyrocketing, countless accounts that followed the trend and shorted the baht were blown up one after another.

There are voices discussing Jushi Capital in major investment banks, and relevant traders are also talking about Jushi Capital.

Everyone seems to know what kind of existence Jushi Capital is, which can actually defeat the invincible Quantum Fund and Tiger Fund.

Hongkong,

The top floor of Standard Chartered Bank.

George King looked helpless.

He smiled bitterly.

"Boss, my phone is about to explode. Many people are asking me for news about you."