Chapter 544: On the Eve of the Financial Crisis
The alarm clock has just gone off.
In the dark night, Han Xuan opened his eyes.
As a traverser, he was undoubtedly lucky.
The story of a Chinese man who started from scratch in the United States and became super-rich is a plot that only happens in novels after all.
The United States has an American dream, but only white people have the right to do the American dream of becoming the top rich, such as Bill Gates, Warren Buffett, and later Steve Jobs, Larry Page, etc., all of whom are white or Jewish without exception.
One only has to look at the fact that blacks make up a single digit among the hundreds of billionaires in the United States today to see how difficult it is to develop in the racially unequal United States.
Are there only a few of the tens of millions of black people in the United States who are smart and lucky?
Of course not, in a country where racial discrimination laws are needed to maintain social order, most of the black people's high-quality businesses have been plundered.
They can't even grow their company because whites don't believe in the quality of the products their company makes.
The status of the Chinese is not much higher than theirs, and in some places they are inferior to the blacks, and they will not be spared.
If Han Xuan had not been born in the Han family, the acquisitions would have been closely monitored by the Ministry of Commerce, the purchase of stocks would have been restricted by the Securities and Exchange Regulatory Commission, and the law would favor white people when encountering problems, so that it would be difficult for enterprises to develop an inch.
You can only distribute the company's equity to interest groups, seek their protection, and then be injected with a large amount of capital by others, diluting him into a minority shareholder, and the company becomes a tool for others to make money.
There are countless examples of this.
The reason why Han Xuan was able to keep the company was mostly because of the existence of the old man.
This giant crocodile, which has risen step by step in the cracks, has a huge amount of money in hand, and solves the employment problem of hundreds of thousands of people, and has spent decades helping Sun Tzu open up a path of fair competition in the United States, so that Han Xuan's Snow Mountain Investment Company can develop steadily.
The old man once said that he had fought hundreds of lawsuits for most of his life, from losing more and winning less at the beginning, to winning more and losing less, and now no one has come to sue before he dares to say that he has really succeeded.
Those who had harassed the SOS group had acquiesced to the unique existence of the old man, and instead wanted to cooperate rather than hostile.
This time, Morgan and Goldman Sachs were able to help Snow Mountain Investment Company open ten times the leverage, which also benefited from this.
They are not afraid that this company will not pay back the money, if ordinary people want to find them, they will have a maximum of five times leverage, and they will only agree if they have something to mortgage.
Ten times leverage means that Goldman Sachs and Morgan Stanley subsidize $6.3 billion to make up $7 billion, and once Han Xuan's $700 million is about to fall, the remaining $6.3 billion will be delivered, and they will not lose anything.
Now the $7 billion, all of which was borrowed from Mexico in large quantities of pesos, was converted into dollars.
As long as the peso plummets, the dollar is converted into the peso and the original figure is returned to the bank, and the difference is earned......
Han Xuan reached out and picked up his phone and looked at the screen.
It's already 1:10 a.m. and no call log is displayed.
In other words, Anthony didn't call, Han Xuan suddenly fell into a state of sorrow, and the trading was suspended at night, such a major news would definitely be released at night, otherwise the impact on the market would be too great.
The spies planted next to the new Mexican President Sedillo clearly said that there was news today, but did the bill not pass?
I put on a coat and got out of bed, put on my slippers, and went to the window and opened the window to let the cold wind blow into the house, and the snow was still falling outside.
The broadcast number rang several times before anyone answered, hurriedly put the phone to his ear, and asked, "How is the situation?"
Anthony spoke quickly, the signal was not good, and he sounded choppy: "I'm also waiting for news, I'm on the plane to Mexico City."
People on the Mexican side say that the president and the people in the Senate and the Chamber of Deputies ...... The meeting has been held since 8 o'clock last night.
There was a fight at the meeting, six members of the House of Representatives, four senators were picked up by ambulance, and there was a two-hour pause during the session.
Depending on the situation, there must be a lot of people who oppose the free movement of the exchange rate, and I was told that the president is also wavering, and I am not at ease. ”
It is not uncommon for Western parliaments to insult and fight without saying a word, and it is not uncommon to point at the president and scold him for being stupid.
When Han Xuan learned of the current situation, his heart sank.
If the bill is not passed, the Mexican peso will continue to monitor the US exchange rate, with fluctuations limited to 3 to 3.5 pesos per dollar for a long time, with only 0.0004 pesos per day allowed to increase or decrease.
I can't lose much in futures, but if you count the fees and upfront investments to Morgan and Goldman Sachs, the loss is at least more than $200 million!
And not making money means losing money, you could have made billions of dollars, but now you may lose money, and you can't stand it on anyone.
He said in a deep voice: "We lose, others will also fail, contact Mr. George Soros of the Quantum Fund, and everyone will act together."
I believe that they have also bought off the Mexican legislature, and it is good to be able to increase the number of seats in favor of the bill. ”
“…… He just contacted me, and as you think, I've already arranged it. Anthony replied.
"Well, how is Mr. Soros's tone of voice?"
"A little nervous.
The plan was sure to succeed, but a few Mexican lawmakers wavered at the meeting with the crisis predictions given by economists.
Fortunately, President Sedillo is an arrogant fool, and he proposed this bill, and he does not want to see the important bill enacted by him in the first article be vetoed, and the meeting has not been voted on until now, and we still have a chance.
The quantum fund has invested most of its assets, and Soros is in a hurry than us, and his shorting amount is much larger than ours, at least $3 billion, and he will not suddenly withdraw his hand. ”
"Okay, tell me if you have news......" Han Xuan hung up the phone.
Far away in the congressional building of the Mexican capital, more than 600 lawmakers are divided into three factions.
The two gangs slapped the table and smashed the teacups, the noise was loud, and the other neutrals had nothing to do with themselves, and they looked relaxed and lively......
Senator Caderon, a radical reformist, was in favor of a free floating exchange rate.
At this time, he was holding the microphone, stepping on the chair with one foot, looking excited, waving his hand and shouting:
"Recently, the peso exchange rate has been under the upper limit of the exchange rate that can fluctuate under government intervention!
The pressure is beyond what the government can bear!
Since joining the North American Free Trade Organization (NAFTA) a few years ago, our Mexico has not been able to improve its competitiveness in products and agricultural trade because the exchange rate is too high!
A 15% depreciation is only good for us, no harm!
The damn Fed raised the interest on savings from 3% in February this year to 5.5% now!
In the past six months, we have had a net outflow of more than $10 billion in travel funds from Mexico, can we continue to rely on them!?
It is no longer the time for President Salinas to be in power! If we continue to do that, we will only bring about our own destruction!
We're going to have a fresh start!
Redevelop the industrial system, and in order to develop, the depreciation of the peso is a must!
Those damn economists you hired don't have any bullshit, they just brag!
If they are so capable, why don't they be presidents?
I'm sorry, Mr. Sedillo, but I'm not talking about you..." )