Chapter 914 The dollar plummeted
Four hundred billion US dollars! Although Iraq has invested nearly seven hundred billion US dollars for this operation, the main funds are Saudi Arabia. Moreover, Saudi Arabia, which is rich and powerful, has also made a ruthless move to take out this funds, hoping to get several times more profits.
This time the depreciation of the yen was just a basic expenditure of the United States. The United States also had considerable expenses in other aspects, such as military expenditures. Although the US-Soviet battle for hegemony was dragged down by the Soviet Union, the US economy was definitely greatly affected.
It is not easy for the five countries to take out so much money to carry out this action.
"It is said that the five countries have taken out a total of 50 billion US dollars for this operation. Now, they have almost consumed their reserves. Should we take the next step?" asked Hikmat.
Kusai shook his head. It was obviously not enough that only more than 40 billion US dollars.
"Our actions have been arranged for a long time. If we want to give them the biggest blow, these are far from enough. We must hold on and keep the dollar firm. If the Americans want the yen to appreciate, we must suppress it. Americans must continue to invest more funds. In this way, when the wind direction suddenly changes, it will hit the dollar hard and at the same time, let the yen appreciate rapidly." Kusai said.
As long as the Americans are willing, they can still squeeze out more funds. Therefore, they must not be in a hurry and have to wait. They will definitely hit the target with one blow and will never give them a chance to breathe!
"Is there any progress in other aspects of action?" Kusai asked.
"Kingdom Construction Company is inspecting the real estate market there in the island country and determining the investment direction. So far, he has made sure that he is ready to buy the most prosperous Ginza area in Tokyo at the right time. The current land price is already ridiculously high. If the goal of land price growth can be achieved, the investment there will definitely be the greatest profit." Hickmatt said.
Prince Walid is the sole agent for Kingdom Construction Company. However, the largest shareholder is Kusai. Therefore, this largest acquisition may also require the support of funds hyping up the yen. Prince Walid needs to notify Kusai of his goals.
Ginza? Not bad! I read that right. Prince Walled has absolutely extraordinary vision and courage. If you buy a building there, the final price will be enough to buy a bustling metropolis in the United States.
"Oxen Electronics has also entered Tokyo. Now, General Manager Sarah is negotiating with Toshiba to take over their internal stake and acquire their personal computer business unit, but the islanders are very cunning and just agree to the sale of certain projects, including LCD display technology, large-scale random memory technology and CD file system technology."
These techniques are good and represent future trends. However, Sarah came here in person and made some big fuss. She just sent someone at the deputy manager level to negotiate, which was enough. However, Sarah must have her own plans.
With Kusai's current identity, he is no longer suitable to move around. Otherwise, he would be very willing to personally direct such a major economic battle, although there is no smoke of gunpowder, it is even more exciting.
………
Tokyo.
In the past few days, Zhang Manyu has been in charge of the order, and mobilizing huge amounts of funds every day is just a passing cloud.
The dollar is so strong that the yen cannot appreciate because under her command, the operations of these tens of thousands of accounts have eaten up the US dollars sold by various countries.
She knew that even if she threw these dollars into the market now, the dollar value in the entire market would definitely surge.
However, the opportunity has not yet arrived.
"Baghda sent a message, let us continue to stick to our current strategy," said Radvi. Originally, even Radvi was a little upset until now. It was not until President Kusai's order that he felt a little ashamed that he was not as patient as such a woman.
Here, Zhang Manyu has already raised the sky here. In this action, she must be a successful person!
The unstoppable dollar and even the depreciation of the yen made the Americans finally start to be confused. The US dollar is so strong, which definitely shows that there are deep economic problems within the United States. The US dollar must be depreciated in order to effectively solve the US economic problems!
They once again applied for 20 billion US dollars in funds from Congress. A large part of these funds were already loans from the Federal Reserve. They put pressure on the other four countries and raised 20 billion US dollars again to gradually put the 40 billion US dollars into the market again.
Including the original one, they have invested nearly 90 billion US dollars.
Ninety billion US dollars! James feels that if the US dollar does not depreciate this time, then he, the Secretary of Finance, will be over and will automatically step down.
At this time, twenty-five days have passed since the signing of the square agreement.
The Far East Trade and Investment Company secretly mobilized more than 90 billion US dollars to compete with the five countries. Although they consumed less than a quarter of the funds through means such as lending, this has put a lot of mental pressure on all traders. The huge amount of funds they hold in their hands that can change a country's economic destiny!
They are not only fighting against the five major countries, because when the news of the signing of the square agreement came out, countless financial investors flocked to the island country. When the currency of the island country was about to appreciate, of course, they had to buy the currency of the island country. This is the most direct way.
So, at the beginning, they had to compete with those international investors, but this time was not long. When investors with keen sense of smell discovered that the yen had not risen or even depreciated, they found that it was likely to be a conspiracy.
Therefore, they did not use all their strength to invest in this operation, otherwise the pressure on Far East Trading Company would be greater. If they lack funds, then the final result would only be cheaper to those who followed the trend.
As the main commander, Zhang Manyu's shoulders were the greatest pressure, but she had been dealing with it calmly. Although she only slept for a few hours a day, her clothes were still bright, and her face was still smiling, but her eyes were getting sharper.
She knew that in the history of later generations, this day would be remembered on September 28, 1985.
On this day, any institution in the world is still operating normally. As a symbol of economic measurement, the yen foreign exchange market is still dull.
People have become accustomed to saying that the yen will appreciate, which means that the money in their hands is even more valuable and they can buy a lot of things abroad. But now, the yen has not appreciated at all!
They still have to repeat their work every day, and there is no pie falling from the sky. The Toshiba company scandal is gradually fading away. Although they are still under high tariffs, they have begun to start construction gradually.
The people of the island country do not know that a change has happened quietly by their side. It won’t take long to go into the madness of the whole nation.
After the square agreement was released, the whole world thought that the yen would appreciate quickly, but the result was shocked. The yen was still hovering and even depreciated. When they were accustomed to this situation, the fierce financial wave finally came.
The Far East Trade and Investment Company mobilized huge amounts of funds and carried all its destiny. It had been against the G5 for nearly a month. Now, they have finally persevered to this moment.
With Zhang Manyu's voice, traders began to quickly mobilize the foreign exchange on the accounts they allocated. Now, they need to throw out all these dollars and change to the Japanese yen!
"Minister, good news." After going to work, James, who had been uneasy, always felt that something big was going to happen today.
The day passed, until when I was about to get off work, a secretary finally hurried in to report. He was excited, "What good news?"
"Now, the yen has finally begun to appreciate." said the secretary.
Due to the time difference, when Tokyo started living for a day, it was already evening in the United States.
The yen has finally appreciated? James' heart has finally let go. Now, the yen has finally appreciated.
That means that the US dollar has finally begun to decline. Although this action, although nearly a month later, is still going to develop towards the expected goal.
If I had known it, I should have raised more dollars at the beginning. I heard that there is a saying in which country, which is called the last straw that broke the camel's back, but I was still not prepared at the beginning!
But he didn't know that just when he was going home to enjoy a happy life for several hours and was about to fall asleep again, he was woken up by an emergency call.
In just a few hours, the US dollar has fallen by 10%!
Although Takeshita said confidently that it would be no problem to make the yen appreciate by 10%, is this too fast appreciation an outbreak in a continuous dull or a prelude to a storm?
He rushed to the office, hoping that nothing would go wrong this time.
In the investment market, there is a saying that always applies, that is, buy up but not buy down. When the yen stays alive and even depreciates a little, international financiers are discouraged. They simply don’t believe that the United States has issued a statement that the yen will appreciate, but there is no improvement. Just when they are about to withdraw their funds from the island country, they suddenly find that the yen has begun to appreciate.
So that's it, the United States wants to prevent financial investors from investing!
Seeing the rise of the yen, countless investors who had been waiting for nearly a month immediately entered this fanatical move to increase their holdings of the yen.
Even if the yen only rises by 10%, they will gain a lot!...)
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Chapter completed!