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Chapter 133 - Chapter 131 Government takes action $200 billion

Seeing the jumping incident in front of him, Kyle felt very uncomfortable.

However, this is a common occurrence for Wall Street people like Henry.

Soon, the news came.

The person who jumped from the building was Shonari Ares, the owner of Ares Investment Company.

Shonari Ares, 47, male, from Texas City, is a senior Wall Street practitioner.

He once profited $42 million in just three days during the 1982 Chilean silver crisis. He was only 32 years old that year, and his rise to fame was instant. He subsequently made numerous attempts to manipulate the currencies of several countries, each resulting in substantial profits.

After accumulating billions of dollars in wealth, he founded his own investment bank, Ares Investments, in 1989.

In 1994, the Mexican financial crisis broke out and Shonari Ares struck again.

In just three months, he made a profit of more than 970 million US dollars in the Mexican foreign exchange, futures and stock markets, shocking the entire Wall Street.

In the same year, the revenue of his Ares Investment Company also increased dramatically. Although it is not as good as the Quantum Fund and the Big Five investment banks, the overall annual profit rate is as high as 510 ranking first on Wall Street.

There is no doubt that Shonali Ares is a well-deserved genius in the financial market!

However...

Today, he made a huge and irreparable mistake!

His eyes, blinded by greed, Shonari Ares misjudged the timing for Soros and the five major investment banks to intervene!

You should know that a day ago, he was a financial tycoon on Wall Street who managed nearly 10 billion US dollars in assets and a super-rich man with a personal net worth of more than 1.5 billion US dollars.

But now!

Both the money of the investors in Ares Company and his personal wealth were lost in one day.

Nothing left!

One day in heaven, one day in hell!

How can Shonari Ares, who went from a billionaire to heavily in debt in an instant, accept such a blow of failure?

He couldn't imagine what kind of ridicule and taunts he would face from people in the same industry!

He had no choice but to cowardly jump and use death to escape the unwilling reality!

"This is Wall Street!"

For a moment, Kyle was filled with sighs.

"Boss, you don't have to sympathise with him, nor do you have to pity any of them."

Henry said self-deprecatingly, "People in our industry are filled with greed and arrogance for wealth. Can you believe someone spent $2 million on a meal?"

Upon hearing this, Kyle was stunned.

Oh shit!

Spending 2 million US dollars on a meal is so damn extravagant. Is this something a human being would do?

"Boss, you guessed right."

"The person who orchestrated the $2 million meal incident was none other than Ares, who just jumped off a building. Everyone on Wall Street knows about this. Even Buffett himself said that he couldn't even come close to Ares in terms of personal spending!"

After a pause, Henry continued, "As for the luxury homes, yachts, jewellery, high-end artwork, and so on, they are all standard features. Extravagance and a life of luxury are completely typical of people in our industry. Therefore, let alone Ares jumping off a building, even if I jump off a building one day, you don't have to sigh at all, boss."

"From the risk of misery comes misery."

Henry said self-deprecatingly: "This is the fate of us Wall Street people!"

At this moment,

Kyle was full of coldness.

It's so fucking terrifying!

Even though Henry spoke with sarcasm, there was always a smile on his face, which was chilling.

"Damn it! I'd better not come to Wall Street anymore. It's too unlucky. These people are fucking crazy!"

Yes, that's right. Kyle didn't deny that he was a little scared by them.

Look at Henry, who always has a smile on his face; then look at his subordinates, after learning that it was Ares who jumped off the building, they did not have a trace of sympathy or mercy, and they were all busy opening champagne to celebrate, celebrating the brilliant achievements of Gale Capital.

In their eyes, the death of a person is nothing compared to their discussion of what to eat later.

"Ares should have died long ago. If he hadn't died, how would we young people get to the top? Even if he doesn't jump off the building today, I'll push him down with my own hands sooner or later."

A young 25-year-old trader from Gale Capital spoke loudly in front of everyone.

Listen, is this human language?

However, the people from Gale Capital present cheered loudly.

Do you still have any compassion?

Even if there is just a little bit, it's good.

"Your father is not at home, bullshit," Kyle muttered.

In fact, it cannot be said that Kyle is afraid, he just dislikes this industry.

The risk is too great!

Moreover, although these people are worth millions or tens of millions, they are completely slaves to money and wealth.

"I'm honestly making movies in Hollywood, occasionally meeting up with some pretty girls to chat about romance. Isn't that good?"

Well, Kyle admitted that he was a hedonistic vulgar person and was not an adventurous person at heart.

....

The next day.

Japan's three major markets, foreign exchange, stock market and futures, have once again shown a strange wave of growth under the operations of major Wall Street investment banks led by Soros.

Kyle's Gale Capital quietly followed behind and made more than $2 million.

Well, not much!

In fact, it can't be more!

Because while Soros and other financial tycoons are speculating on the rise of the yen, they are not blindly going long; it is volatile!

Henry also said: "Big dealers and big capital are now brewing big moves. In this environment, investing too much cost is extremely unwise."

Kyle nodded and said, "That's right. We are now waiting for the Japanese government to intervene, otherwise, the yen will fall sharply."

Sure enough, it was just as Kyle had predicted.

In the next few days, the Japanese yen depreciated again!

On the 21st, the Japanese yen fell 0.42%;

On the 22nd, the Japanese yen fell 0.79%;

On the 23rd, it fell another 0.99%;

On the 24th, the yen fell by more than 2%, the largest drop since October!

Bank closures and corporate bankruptcies became commonplace across Japan. Meanwhile, futures and stock markets plummeted, severely impacting many Japanese corporate giants, whose market capitalizations plummeted. Major companies laid off as many as 50,000 employees in just a few days.

The major investment banks on Wall Street and major financial speculators from all over the world made a fortune and frantically plundered the Japanese's wealth.

Kyle's Gale Capital, following the trend of the wave, also made considerable profits and received another US$100 million in funds!

In just a few days, the direct economic losses caused to the Japanese amounted to tens of billions of dollars, and the indirect losses were even more appalling.

The Japanese government can no longer sit still!

At 9 a.m. on the 25th, the Japanese Ministry of Finance issued a statement.

"To counter the depreciation of the yen and the frenzied behaviour of speculators from various countries, we will launch a rescue plan today, using our foreign exchange reserves of up to $208 billion to fully respond to the foreign exchange market!"

Japanese companies were instantly excited when the announcement was made. They firmly believed that the government could effectively crack down on foreign capital.

"hehe!"

Kyle looked at the news with great disdain. "Human greed won't give in so easily. The real battle has just begun!"

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