Chapter 643 Resolution 678
"I said that you don't need to worry about the price, now you just go short, all the money is put into the short business, and everyone is focused on shorting. Pen Fun Pavilion wWw. biquge。 info don't need to worry about the impact on the market, don't worry about the safety of funds, I just need to be short, the more shorts, the better!"
Hu Wenhai's long orders in his hand continued to sell, and then changed hands to buy short orders, and now the whole market knows that there is a dragon crossing the river in the pond.
That's right, it's the river dragon.
10 billion US dollars of its own funds, 10 times leverage magnified to 100 billion US dollars. If it weren't for the fact that large and medium-sized banks are among the world's top 20 financial giants, they would not even be able to provide such a scale of funding.
In the eyes of everyone, Hu Wenhai's behavior can no longer be described as crazy. The world's most addictive gambler is less than a billion-in-a-million of his courage.
He has not spent more than a thousand dollars, and there has never been a company or individual in human history who will put such a huge amount of money and a person's entire worth on such an extremely uncertain thing.
But on the other hand, when seemingly endless funds are invested in the oil futures market, even if it is a trillion-dollar market, it is involuntarily stirred up a stormy wave.
But Hu Wenhai himself is full of confidence.
Because he knows that October will be the node where the price of oil is highest. In October 1990, before the Gulf War, oil prices ushered in the final madness, once exceeding the peak of $40 and becoming a desperate sound.
Even if the war really began, the Tomahawks of US destroyers and F117 fighters were already flying wantonly in Iraq's airspace, and oil prices not only did not exceed this figure, but fell all the way, and even returned to the pre-war level.
The impact of local wars on the world economy often occurs when the boots do not hit the ground. When war does occur, its economic effects have already been unleashed in various financial markets. The reason is also very simple, after all, human society is not a chaotic model, but an individual to manipulate and execute.
That being the case, there will always be some people who know some information before many others, and then the wealth will be easily grasped by these people.
Hu Wenhai started to open short positions at $38, and according to the calculation of ten times leverage, the loss he can afford is at least the price of oil to rise to 41.9. But in fact, with the progress of his position and the rise in oil prices, coupled with more profits from the previous long orders to join the ranks of his own funds, the actual price he can afford is likely to reach $43.
History has long proved that the price of oil cannot exceed $41, not to mention that there is still a big short in the market today, Hu Wenhai is convinced of the decline in oil prices.
Now that we know the history, what is there to hesitate about? Of course, we put all the money into it and make a big profit.
Hu Wenhai sounded the whistle, and Chen Fa rang the bell. Fang Jiange sent a signal, and Davis rushed forward desperately!
With a position of $40, Hu Wenhai firmly believes that he is invincible.
Now just wait until the adoption of UN Resolution 678, and the price of oil will say goodbye to $40 forever. By the time Bush Sr. announced the release of the US Strategic Petroleum Reserve to the market in December, oil prices would return to the $20 era.
In just one month, Hu Wenhai will be able to take $50 billion into his arms.
Just wait with peace of mind.
Even if it was an unprecedented gamble, it still couldn't keep the pace of time.
As the funds in Hu Wenhai's hands continue to be invested in the operation of shorting oil, the time has also left October and entered November.
The situation in the world began to become clear, and the Soviet Union unexpectedly did not oppose the actions of the United States in Iraq, and even rumors broke through that the Soviet Union might vote in favor of UN Resolution 678?
Of course, the vast majority of people don't believe the latter news. Resolution 678 is basically a strengthened version of Resolution 660, and the most crucial provision of it is the power to give Member States "use all means" when Iraq refuses to implement Resolutions 678 and 660.
To put it simply, it is to give the United Nations forces led by the United States the right to use force.
With such a clause, the Soviet Union's abstention was unprecedented, so how could it be possible to allow the United States to take military action against its own neighbors and vote in favor?
Unless the president of the USSR was an American spy, or a pig, it was pretty much the same.
Well, who knows, the world is really going to play a big joke on the fate of mankind. Just from the point of view of putting a pig in the leadership position, maybe the Soviet system is really problematic......
In November, the oil futures market was full of gunsmoke, Hu Wenhai's bears and the bulls between Europe and Japan fought against each other, and the turnover rate of a month's trading volume even exceeded the data of the previous year, and in the process of price fluctuations, I don't know how many people got rich overnight, or jumped off the rooftop.
But no matter how drastic the price moves, the October peak of $40 will not be repeated.
At this level, the energy for the market to rise is actually exhausted. Even without UN Resolution 678, oil prices are unlikely to stay in this position for long.
In the final analysis, although Iraq and Kuwait have huge oil resources, it is a balance reached under OPEC regulation and the major oil-producing countries have limited production.
Saudi Arabia can't go to war, but it is no problem to open up production capacity in a short period of time and inherit the share of Iraq and Kuwait.
It's not like the world is going to end without Iraq and Kuwait, or there is no gasoline in cars. Conversely, the more time passes, the stronger the ability of Saudi Arabia and other oil-producing countries to take their share, and oil prices will naturally slowly fall back to the pre-war equilibrium.
The advantage of time is on Hu Wenhai's side.
However, no matter how fierce the smoke of gunpowder in the market is, it is always the general trend of the world that can determine the winner.
After the war in the financial markets entered a white-hot phase, the United Nations also ushered in a meeting to vote on the final proposal for Iraq.
At this moment, I don't know how many people gathered in front of the TV, quietly waiting for the judgment of fate.
"The United Nations Security Council will vote on Resolution 678, which requires Iraq to withdraw from Kuwaiti territory by January 15, 1991. At the same time, the international community will implement the decision on sanctions against Iraq contained in Resolution 660. Delegates' attention is drawn to the fact that resolution 678 will give the United Nations force all necessary operational authorizations, including the use of force. ”
Simultaneous interpretations were heard on television, and the presiding officer of the meeting was presenting the content of the resolution, followed by statements by representatives of various countries, explaining their positions and exchanging words in passing.
The most striking thing here is not the impassioned statement of the American ambassador, but the brief statement of the Soviet ambassador with a little silence.
"The Soviet Union expressed serious concern about the situation in the Gulf and hoped for a peaceful settlement. However, the resoluteness of resolution 678 is of great significance, and we are inclined to support its adoption and implementation. ”
If it weren't for the United Nations meeting on TV at this time, Hu Wenhai believes that many people would have shouted in panic.
However, when it came time for the Chinese ambassador to speak, the scene suddenly relaxed a little. The ambassadors on television did not seem to be interested in China's statements.
At this stage, Hu Wenhai suddenly felt a little nostalgic for the arrival of China's well-known spokesmen more than 20 years later.
It is really difficult to be satisfied when we think about the earth-shattering performances of those spokesmen, and then look at the performance of the Chinese delegates in this resolution.
Press spokespersons and ambassadors to the United Nations always represent the image of a country. However, behind this image, it is strength that speaks.
If you don't have the strength to shout, you will inevitably be a little embarrassed by Yelang's arrogance, and even become an international clown. For China, a neighboring country can be willing to be a clown, but its own size and historical status are absolutely unacceptable to this kind of image setting.
Therefore, when the strength is not strong, it can only pursue the policy of repentance.
Judging from the eyes and perspectives of people at that time, it was inevitable that there would be some suspicions of nesting.
However, only by looking forward from the eyes of future generations can we understand the weight of the four words "endure humiliation and bear the burden" and understand the difficulties faced by the parties.
The debate phase of the UN Security Council quickly turned into a unanimous condemnation of Iraq.
The invasion of Kuwait exposed the face of Saddam's old hooligans. Kuwait is also a sovereign state that is universally recognized by the international community in any case, and as a result, he completely ignored the international impact and did it so brutally!
When it comes to real political ability, I am afraid that he does not even have the level of Yan Laoxi.
As a result, many countries, although they secretly consider it a regional issue, can only join in the criticism of Iraq on the surface.
As a result, even among the Arab nation-states, Iraq has not been able to find a single supporter.
It is not an exaggeration to use this word to describe Iraq at this time.
In such an atmosphere, it seems that there is no longer any obstacle to the adoption of UN resolution 678.
After all, even the Soviet Union actually stood under the banner of approval and supported the United States in a military attack on a neighboring country of its own, which really surprised many people.
The weakness of the Soviet Union was thus completely displayed in front of the people of the whole world.
The Gulf War of the United States not only maintained its military hegemony and created the petrodollar system, but also ended the status of the Soviet Union as one of the two poles in one fell swoop.
The meeting had finally reached its final step and all Member States had begun to vote.
Hu Wenhai couldn't help but smile at the corner of his mouth, waiting for victory to come. However, when he heard the voice on the TV, he was stunned in an instant.