Extraordinary Genius
Chapter 882 - Some places cannot be touched
"Feng, are you from Hong Kong?"
"I am Chinese. Hong Kong is part of China!"Feng Yu said.
"Of course. I agree with you on this. Whatdo you think of the economies of the countries in Southeast Asia?" Soros asked.
"I am not very sure about other countries"economies. But in Asia, there are 4 Asian Tigers and Tiger Cubs. Theireconomies are developing very fast."
"Do you think there are loopholes in thosecountries" economies?" Soros put down his knife and fork.
"Why are you asking? Are you thinking ofmaking money from those countries?" Feng Yu asked.
Soros, which was holding on to his winegla.s.s, shook. He did not expect Feng Yu to be so direct. But he thought back,and when he was at Feng Yu"s age, he was also so straightforward.
"That"s right. There are no reasons to giveup on this opportunity to make money. Feng, are you interested in joining us?"Soros smiles and asked.
Feng Yu narrowed his eyes. Us? Soros doesnot only have Quantum Fund as his backing. He had already roped otherspeculators in. No wonder he can bring the whole Southeast Asia economies intochaos.
"Oh? How do I join?" Feng Yu pretended tobe interested. Feng Yu does have an interest. If Soros is willing to give upattacking Hong Kong, Feng Yu will not mind being friends with him.
"The requirements for joining us is notharsh. First, you must have at least 1 billion USD as capital. You should nothave a problem with this. Secondly, you must have guts. I believe you can meetthis requirement too, right?" Soros asked and smiled.
"I don"t have 1 billion USD cash. But I canraise this amount if I get some loans. As for guts, I think you don"t need todoubt me. Timid people will not invest in commodities or currencies." Feng Yulaughed.
"Then it"s simple. I would like to hearyour a.n.a.lysis of the Southeast Asia countries" economies."
The Four Asian Tigers and Tiger Cubs FengYu mentioned earlier are to start this conversation. There are lots ofloopholes in the economies of those countries.
Feng Yu thought for a while and said."There are many countries in Asia, and most of them rely heavily on exports.Their economies might seem to be doing well, but they are heavily in debt.Also, many of those countries" currencies are using Fixed Exchange Rate systemand they don"t have enough reserves! Those countries" financial system willcollapse if we attack them!"
Clap… Clap… Clap…
Soros clapped. What Feng Yu had said wasbrief and straightforward. But he mentioned all the crucial points. Thosecountries might seem prosperous, but they have high debts and don"t have enoughreserves. This is their weak point!
"Feng, you don"t need to say anything more.I invite you to join us now. Let"s go to Asia and make money!" Soros saidexcitedly.
Feng Yu raised his hand, and one of hisbodyguards ran over and place a box of cigars on the table.
"Do you want one?" Feng Yu asked.
Soros was stunned. He had met people whodiscuss over dinner. But this is the first time he met someone who smokescigars in the middle of a meal.
But Soros still accepted Feng Yu"s offerand thanked him.
Cigars are not like cigarettes, and thesmoke is thicker. Both of them took a few puffs and the restaurant was filledwith the cigar smoke smell.
"Can I ask how many people are partic.i.p.atingin this operation, and how much capital do you all have? Also, what are thechances of succeeding, and how high are the returns?" Feng Yu asked.
"Feng, I cannot tell you how many people arewith me, but I can only tell you a lot of people are partic.i.p.ating in this. Wehave enough capital to attack not only one country"s economy. I am 80%confident that we will succeed, and the returns will be at least double!" Sorosreplied confidently.
Doubled? If this operation is executedproperly, the returns will be more than this. Of course, there might be somehiccups along the way, and they might need to hedge against the risk.
"I can join you all, but I have a fewrequests." Feng Yu looked at Soros.
"Everyone has their own requests." If FengYu did not have any requests, Soros would find him suspicious!
"You all must not touch China." Feng Yusaid.
"China"s financial system is tooconservative, and the Chinese government might step in anytime. Also, China hashigh Foreign exchange reserves. We have no intention of attacking China"seconomy. After all, you are our partner now and you are Chinese."
Feng Yu looked at Soros. Bulls.h.i.t! It"sbecause China"s debts are low, and it"s economy doesn"t depend on exportation,and the currency cannot be controlled easily. If you all have the opportunity,you all will care how I feel?
Soros had attacked the Pounds in 1992,attacked Asia in 1993 and Malaysia suffered some losses. In 1994, he struckMexico and then rested for about 2 years. All these while he was monitoringAsia economies. Asia economies are rising rapidly and Soros and his gang felttheir opportunity is here!
Soros"s success in the past showed howpowerful he and his gang are. Also, because they succeeded in the past, theyhad become stronger!
"Hong Kong, Macau, and Taiwan are part ofChina. You all must also not touch these places!" Feng Yu said.
Soros"s face changed. "You are from HongKong, and I can understand you don"t want us to attack Hong Kong. We can alsoaccept your condition of not attacking China. But Macau and Taiwan have nothingto do with you. We have a lot of partners and I can"t give up the profitsbecause of you."
Actually, Soros had been eyeing Hong Kongfor a long time. As for Macau, he is not interested. That is a gambling capitaland have high cash reserves. Their financial system is also not developed, andthey do not have any debts.
More importantly, the currency commonlyused in Macau in Hong Kong Dollars. Attacking Hong Kong is enough.
Feng Yu thought for a while and said. "Ican ignore Taiwan and Macau. But you must not attack Hong Kong and itscurrencies!"
Soros hesitated for a while and nodded."Fine. I can promise you that the Quantum Fund will not attack Hong KongDollars. But you must help us in other countries" markets!"
Feng Yu raised his gla.s.s. "No problem.Here"s to our success!"
Half an hour later, Feng Yu left with hisbodyguards. Soros looked at Feng Yu"s back view and thought to himself. ThisChinese man is not easy to control as he is too sharp.
Feng Yu closed his eyes after he boardedthe car. Soros had said Quantum Funds will give up on attacking Hong KongDollars, but that does not mean others will not attack Hong Kong. Other thanQuantum Funds, Soros also controls several hedge funds.
This old man is trying to fool me? But Ialso want to fool you too. Let"s see who will be tricked!
Translator Notes:
Four Asian Tigers
Cub Economies
exchange rate system
exchange reserves