From October 15th to 18th, the Japanese yen foreign exchange market continued to be turbulent for four consecutive days.
A slew of international speculators and trillions of dollars in floating capital continuously impacted the Japanese yen and foreign exchange market. Furthermore, the futures and stock markets of China were also experiencing large-scale fluctuations due to the volatility in the Japanese yen and the foreign exchange market.
Toshiba, the world-renowned electronics giant, is the most prominent example.
During these four days, Toshiba's stock price was severely damaged, falling by 15%, resulting in a paper loss of over $5 billion. Similarly, the stock prices of other Japanese giants such as Toyota, Panasonic, Sony, and Mitsubishi also fell sharply.
In just four days, the Japanese lost tens of billions of dollars in the stock market alone.
Futures?
The Japanese futures market almost collapsed!
A group of international speculators are frantically plundering the cake that belongs to them!
Kyle also followed behind, smiling as he plundered wealth, and without making a sound, he once again earned a profit of more than 40 million US dollars.
....
On the 19th, Kyle suddenly stopped all operations of Gale Capital.
"Boss, why stop now?" a senior financial professional asked in confusion.
After he finished speaking, many senior Wall Street traders around him looked at Kyle in confusion.
Now is a great time to make money, why stop?
Could it be that the boss thought the Japanese were too pitiful and planned to let them go?
Kyle didn't explain.
Henry's expression changed, and he suddenly exclaimed, "Boss, do you have a premonition that the five major investment banks and Quantum Fund are about to enter the market?!"
"That's right!" Kyle nodded solemnly.
Hiss!
Instantly, Henry took a breath.
To be honest, Henry actually had some doubts about Kyle's judgment.
Although the current Japanese foreign exchange, futures, and stock markets are in a state of chaos, investment banks are generally experiencing stability. Of course, this stability is crucial for them to be able to profit safely.
On the other hand, the retail investors who watched the show suffered huge losses!
Despite his doubts, Henry did not object to Kyle's decision.
You should know that in the Thai baht speculation a few months ago, it was Kyle who seized the best opportunity. Otherwise, if he were to take charge of the operation, it would be impossible for him to earn a fortune of up to 260 million US dollars.
"Everyone, follow orders now! Move funds out of the foreign exchange, stock, and futures markets in an orderly manner. Quickly, quickly!"
At this moment, Kyle almost shouted, "What are you all still standing there for? The big dealers and big capital are about to enter the market. If you don't evacuate now, you are going to lose everything!"
"Yes, boss!"
Everyone responded quickly and began to withdraw capital.
What is the first thing the big dealers and big capitalists do when they enter the market?
Of course, they use their powerful capital capabilities to kick out some speculators and snatch all the wealth they have earned in recent days!
Big fish eat small fish, this is the cruellest battlefield!
Kyle is a time traveller. I can't say anything else, but he is very confident in his control of the general trend!
....
Quantum Fund.
"Boss, we received news that the Japanese government has held an emergency meeting. The content of the agenda is unknown, but they will likely use their foreign exchange reserves." A financial expert said to Soros.
"Snort!"
Soros sat in the chair, a trace of disdain on his gloomy face: "You don't have to guess, you know that the Japanese government intends to use the foreign exchange reserves.
After all, their foreign exchange reserves are at least $150 billion to $200 billion. Their massive capital is unmatched by the smaller Southeast Asian countries; their combined reserves are probably around this amount.
Upon hearing this, the financial expert was stunned.
He now wants to ask Soros what to do next.
"How to proceed? Of course, we will strike hard. Before they use their foreign exchange reserves, we will kick out some investment banks. Then, before the Japanese government can react, we will destroy their foreign exchange, stock, and futures markets!" Soros said calmly.
At this moment, his voice was so cold that even though the temperature in the room was very high, one could still clearly feel the chill.
"But...but boss, our financial resources don't seem to be enough to accomplish this goal." The financial expert said worriedly.
How to destroy it if the capital volume is insufficient?
This is unrealistic!
Soros did not answer his question directly, but pointed to the buildings opposite the window.
"Man, don't forget them. Even I can't claim to have a better grasp of their timing."
Financial experts were immediately shocked.
The buildings that Soros was looking at represented the five largest investment banks on Wall Street!
—Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns.
These five major investment banks are the real financial emperors of Wall Street and the supreme players overseeing the world's finance. Even someone as arrogant as Soros has to admit this.
....
Goldman Sachs.
"Well?"
John Kotaboggs, one of the heads of Goldman Sachs and a Jewish financial tycoon, smiled immediately after hearing his subordinates' report: "Soros has attacked. What can we do? Of course, we should follow him! Need I say more?"
"Mr. Ktaboggs, aren't you worried that this is a trap set by Soros?" the trusted assistant asked worriedly.
"Hehe~"
John Kotabogus, known as the "Jewish Fox," said disdainfully, "You're right. Soros is indeed a very cunning jackal. He's an opponent worthy of your full attention. But now I'm certain that this isn't a setup!"
He paused, narrowed his eyes and said, "Even if it is, we can kill him in the first place. Don't forget, we are Goldman Sachs!"
Confidence!
Powerful, awe-inspiring self-confidence!
....
October 19, 1997.
2 p.m.
The Japanese Yen foreign exchange market suddenly changed!
The Japanese yen is rising wildly at a speed that many people cannot react to!
Up 0.09%;
Up 0.07%;
Up 0.12%;
Another 0.15% increase;
...
In just less than 3 hours, the depreciation of the Japanese yen was completely curbed and it rose by 2.5%.
2.5%!!!
The investment banks that had invested huge sums of money to short the Japanese yen almost went crazy at this moment, and their hearts were in trouble.
"Damn it~!"
A European investment bank manager's eyes welled up as he screamed at the top of his lungs, "Who? Who is it?! I'm going to kill him! My 300 million is gone in an instant!"
He is crazy!
Of course, he had reason to be crazy. Anyone who was in heaven one second and fell into hell the next would go crazy.
Similarly, in another investment bank, a female manager slapped herself hard in the face.
"I was careless, damn it!"
"It must be the big dealers and big capital entering the market. They are draining our wealth!"
"It's gone, all gone!"
"More than half of the profits from these days, including the $450 million principal, evaporated in an instant!"
The woman was in despair, and all the traders under them were stunned.
Loss.
A huge, unacceptable loss.
....
Undoubtedly, with the entry of the Big Five investment banks and Quantum Fund, their frantic manipulations caused many anxious investment banks to suffer massive losses in less than a day. Some investment banks that had used high leverage even declared bankruptcy.
The financial professionals who had lost all their money started cursing!
Of course, many people went to the rooftop that evening and then jumped off in despair.
Today, Kyle was lucky, but also very nervous.
Because just now, when Kyle and others were celebrating by opening champagne and congratulating themselves on their timely escape, they saw with their own eyes a figure falling from a building opposite.
Bang!
The falling figure made a huge roar, and the bloody scene and the celebration scene of a group of investment banks that made huge profits formed an extremely ironic and chilling picture.
"From the risk of misery comes misery."
This is a phrase familiar to Wall Street people, and it is vividly reflected today.