Chapter 0320 - The Financial War of the Century 12
"Qiao Tianyu!!" Spangreen's eyes revealed a hint of murderous aura, "You dare to tease the old man?! You wait for me! I, Spangreen, are inseparable from you!"
Putting aside Spangreen's anger for the time being, at least one thing Spangreen said was right, this time Qiao Tianyu not only teased him Spangreen, but also teased the "G7" central bank alliance, and also teased the entire world investment circle!
An hour ago, when the Japanese vowed to form a coalition of G7 central banks, it was a bluff.
Half of the world's GDP, two-thirds of the world's total trade, and Spangreen's televised speech, really scared the whole world.
However, just when the whole world was frightened by the "G7" central bank alliance formed by the Japanese, Qiao Tianyu was extremely keenly aware of the most fatal shortcomings of the extremely powerful "G7" central bank alliance.
That is, the "G7" central bank alliance can only provide Japan with US dollars, after all, the "G7" central bank alliance led by the US Federal Reserve has a large number of dollar reserves in its treasury, which is also their greatest advantage.
If, as Qiao Tianyu did at the beginning of the financial war just now, Qiao Tianyu sold his yen in the international foreign exchange market to buy dollars, then the "G7" central bank alliance led by the Federal Reserve could play its greatest role and provide Japan with a steady stream of dollar reserves to counter Qiao Tianyu.
After gaining insight into the biggest shortcoming of the "G7" central bank alliance, Qiao Tianyu quickly came to a "reversal of trading", selling all the yen reserves in his hand and replacing them with dollar reserves.
Then Qiao Tianyu used those dollar reserves to make trouble in the international foreign exchange market, leading international hot money to sell yen to buy orders, because for Qiao Tianyu, there is no difference between selling yen buy orders and selling yen sell orders, as long as the Bank of Japan cannot maintain the stability of the yen exchange rate, thereby shaking the international currency status of the yen.
However, this reversal of the deal is the most fatal blow to the Japanese and the G7 alliance of central banks.
Because after the reversal of buying and selling, Qiao Tianyu led the international hot money to sell the yen in the international foreign exchange market, and if you want to help the Bank of Japan tide over the difficulties, you must give the Bank of Japan the support of yen reserves.
However, the "G7" central bank alliance has no yen reserves in its hands at all, so in the face of Qiao Tianyu's yen payment attack and international hot money, the extremely powerful "G7" central bank alliance can only have nowhere to go, and can only sigh!
It was only now at this point that Mr. Tanaka knew that his speculation had failed completely.
Mr. Tanaka thought that Qiao Tianyu's "reversal of business" was a great opportunity for him to become famous, but he didn't want it to be just a trap set by Qiao Tianyu for the world, and he, Mr. Tanaka, was the first person to jump into the trap.
However, when Mr. Tanaka understood all this, it was too late, and in this short period of time, his subordinates frequently came to urge, and after some selling, the Bank of Japan's $3.4 trillion yen reserves have almost been exhausted, and now it is less than $500 billion.
The offensive of international hot money in the international foreign exchange market has not abated at all, and the yen orders they have sold are even higher and higher, and now the amount of yen orders in the foreign exchange market has risen rapidly, and it has come to 1.5 trillion US dollars at this time.
This also means that even if the Bank of Japan exhausts all the remaining yen reserves of less than $500 billion in the treasury, it will not be able to fill the gap in the international foreign exchange market for yen purchases.
Moreover, Mr. Tanaka also knows very well in his heart that if he continues to take action and admit defeat on his knees, as the gap in the yen payment order in the international foreign exchange market becomes larger and larger, the yen exchange rate will also be pulled up to an unbounded height, and the status of the yen as an international reserve currency will also be wiped out!
If this time comes, Mr. Tanaka will become the greatest national sinner in the Japanese Empire, and he will be nailed to the pillar of national shame forever, and he will never be able to turn over, and I am afraid that he will not be able to make up for his mistakes by seppuku every minute!
Thinking of this, even if Mr. Tanaka was unwilling in his heart, he had to admit defeat, in order to avoid really shaking the status of the yen's international reserve currency, Mr. Tanaka asked the cabinet chief, and reluctantly threw a white flag to Qiao Tianyu and called Qiao Tianyu.
And this call also spread to a certain corner of the hall through the amplification system in the trading command hall of the headquarters of Zero Point Fund, so that everyone present heard Mr. Tanaka's "declaration of failure"!
"Hello Mr. Qiao, I am Tanaka, Chief Vice Minister of Finance of the Great Japanese Cabinet, and today I surrender to you on behalf of the Bank of Japan, and I, the Great Bank of Japan, will accept all your conditions!"
"I only ask Mr. Qiao that you can show mercy to your subordinates, stop the attack on the international foreign exchange market, avoid the sharp fluctuations in the yen exchange rate, and retain the yen's status as an international reserve currency, and hereby Tanaka kneels down to thank you on behalf of the Great Bank of Japan!"
"Wow! The Japanese have surrendered!"
"Win, win, win!"
"Hooray! Hooray!"
"Ulla!"
......
Hearing Mr. Tanaka's "declaration of failure", the trading command hall of the headquarters of Zero Point Fund instantly erupted into a sea of joy, and everyone present excitedly raised their arms and shouted, excitedly hugged and celebrated with the people around them, and threw today's biggest hero into the air......
Since the Japanese have surrendered, Qiao Tianyu did not want to kill the Japanese, so he happily accepted the surrender of the Japanese and immediately started negotiations with Mr. Tanaka.
After some negotiations, Qiao Tianyu got the Japanese to accept all his conditions:
First, Qiao Tianyu can lead the five major investment banks on Wall Street, a number of international hedge funds, and international hot money to withdraw from the international foreign exchange market, but the Japanese must compensate the "investment costs" of major investment institutions.
That is, at a price 20% higher than the average selling price of the yen buy order just now, the yen buy order eaten by the major investment institutions will be recovered.
The Japanese paid about $700 billion for this alone, and the $700 billion was divided between the five major Wall Street investment banks and international hedge funds, as well as those who followed the trend.
And those bigwigs in the investment industry also got the investment results promised by Qiao Tianyu, that is, "everyone shares the money after earning it".