With the failure of the Japanese government's rescue plan, Japan's futures, stock and foreign exchange markets have become a delicious cake in the mouths of international speculators.
One after another, investment banks have raised huge amounts of capital.
They used financial means to buy yen according to yen futures contracts in a very short period of time, and then quickly sold them, causing the yen interest rate to plummet and the Japanese stock index to fall rapidly, making huge profits.
"Hurry up, hurry up, boys!"
"During the Japanese government's $200 billion bailout, we made a small profit, but our profits have already fallen far behind other investment banks. This time, we want to make a killing with both our principal and interest!"
"What? You said several giant Japanese companies are still struggling?"
"Do I need to teach you what to do? Of course, just charge up and tear it apart and teach them a lesson!"
The heads of investment institutions were almost shouting at the traders to carry out their money-making plans.
Under the massive, trillions of dollars in free capital, no matter how much the Japanese giants struggle or how much they resist, it is useless. It is like a few babies standing in front of a high-speed tank. Can you resist it?
The government of your country has announced that it will give up rescuing the market. What can you, the private capital, do?
"Surrender, you bastard!"
"Just like the war decades ago, it's time to surrender, you bastards!"
A person in charge of Merrill Lynch Securities had an excited look on his face at this moment. He was of course very excited when he saw his own profits growing continuously.
"Sir, our profit this time is at least over 1.5 billion US dollars." A trader said excitedly.
Upon hearing this, the Merrill Lynch representative erupted in anger, "You fool! Is $1.5 billion worth all this fanfare? Let me tell you, the board's minimum target is $4 billion! Did you know? Our target for the Japanese market alone is $4 billion this time."
Upon hearing this, the expressions of the traders under his command immediately became serious..
Gale Capital Investment Company.
"Yes!"
Henry excitedly waved his fist in the air and shouted, "Boss, can you believe this? Everyone's going crazy now. Fortunately, we acted quickly, otherwise, we would never have been able to grab the $300 million worth of yen futures contracts."
Kyle was also very excited when he heard this.
Although they invested $500 million as soon as the Japanese government announced the failure of the rescue, other investment banks were not stupid either and they acted quickly.
After a long struggle, Gale Capital finally managed to snatch a Japanese yen futures contract worth US$300 million from a group of wolves.
"Damn it!"
Kyle couldn't help but curse, "Are they all born from rabbits? Why are they all so quick? If I don't buy $200 million worth of Japanese Yen futures contracts, how much less money will I make?"
Henry: "…"
A group of traders: "…"
Boss, please be a human being.
It's a good thing that no one else heard what you said, otherwise, everyone would be so angry that they would cry.
In a remarkably short period of time, Gale Capital secured $300 million worth of Japanese yen futures contracts. While this figure wouldn't be the highest among Wall Street investment banks, it's definitely in the top five.
After all, Gale Capital has the cheater Kyle, and they have been ready to go for a long time, otherwise, they would not have acted so quickly.
Lehman Brothers, one of the five largest investment banks, has already fallen into the toilet!
Why?
As one of the five largest investment banks on Wall Street, they failed to compete with Gale Capital in buying Japanese yen futures contracts because of a moment of hesitation.
So, do you think what Kyle said now is infuriating?
Well, Kyle himself blushed for a moment, thinking he was too greedy. But who is Kyle? He has a thick skin after practising!
"Why are you still looking at me? Do I need to teach you how to do it? Guys, this is money picking up now!" Kyle scolded with a smile.
Everyone shook their heads and smiled bitterly.
However, they were in a good mood. As Kyle said, the Japanese government had given up resistance, and the yen market was now making money, literally picking up money.
Picking up money?
That's right, now the competition is between investment banks to see who can pick up the profits faster!
3 million US dollars!
9 million US dollars!
17 million US dollars!
...
As of 9:00 a.m. on November 14, after several days of "picking up money", Gale Capital made a lot of profits.
In just a few days, another profit of $330 million was made.
Adding to the profit of more than 200 million US dollars in the Japanese yen market some time ago, in just one month, Kyle squeezed more than 500 million US dollars from the Japanese.
Of course, if we include the profits made in Southeast Asian countries in the early stage, then from this financial crisis till now, Gale Capital's total profit has reached nearly 800 million US dollars!
783.6 million US dollars!
That's right, this is what Kyle achieved after fighting for several months!
Henry couldn't hide his excitement and said, "Boss, our total profits in Japan's foreign exchange, futures, and stock markets are definitely in the top ten among all investment banks."
Kyle immediately nodded in agreement.
Due to the limitation of the size of funds, Kyle's income is naturally not as good as Soros's Quantum Fund and the five major investment banks. After all, the amount of funds they mobilised is there.
They can easily mobilise nearly tens of billions or even hundreds of billions of dollars in funds. How can this be compared to the hundreds of millions of dollars invested by Kyle?
Even if Kyle had the foresight of a time traveller!
But even so, Kyle's gains this time are one of the most profitable investment banks under them!
"I'm exhausted these past few days."
Kyle couldn't help but sigh: "For this money, I couldn't even attend the premiere of the new movie "The Sixth Sense" produced by Page Films."
Henry: "…"
Boss, please be a human being.
You have made so many dollars in a very short period of time, what else do you want?
Of course, Henry would have no idea how Kyle felt.
Man, that was "The Sixth Sense", the runner-up at the box office in 1999 in the original time and space, with a global box office of over 600 million US dollars!
After deducting the costs of theatre dividends, film fund taxes, copying, and labour, the box office profit for Kyle is definitely no less than $200 million. If the subsequent offline market and peripheral market profits are added, the final profit amount is likely to reach $300 million.
How could Kyle take such a huge sum of money lightly?