In fact, shorting foreign currency or shorting stocks is to fall, the reason is also very simple, shorting foreign currency is like a pound of rice can be exchanged for two pounds of wheat, to borrow two pounds of wheat for rice, and then wait for a pound of rice can be exchanged for three pounds of wheat to pay back two catties, so that between borrowing and repaying, you will earn a pound of wheat. Pen ~ fun ~ pavilion www.biquge.info

The same is true for shorting stocks, that is, borrowing or crediting stocks when the stock price is high, selling them after they get it, and then buying them back after the stock plummets, and the falling part is the profit.

And among them, the most important thing is to be able to anticipate the fall, just like he knows that the euro is going to fall, or use all means to make it fall, such as Soros blocking the Thai baht and the Hong Kong dollar.

Of course, if he uses his own money to predict that the euro is going to fall sharply and simply make a little difference, this is not interesting at all for Lu Shangwen, and he is afraid that he will not be too lazy to do it.

If you want to make more money, you have to use financial leverage to finance, such as using guarantee or credit to buy a large number of put options stock securities, sell them and then borrow a large number of euros, and then sell them, so as to make money in the stock market interest rate foreign exchange market, in a word, with limited funds, the minimum cost to raise more funds to make greater profits.

Of course, Lu Shangwen only knows the theory of these things, and he has never tried the actual operation at all, and he can't completely rely on the Haig family for such a large amount of capital transactions, so this time he went to Europe not alone, but with a trader and an old acquaintance, that is, Charlie Liu, the account manager he entrusted to buy shares.

Although this guy urged him to sell stocks before, Lu Shangwen valued his steadiness and caution.

And Nell was also quite cautious, and after greeting each other, he muttered and said:

"Mr. Lu's prediction is really accurate, and there is really something wrong with Greece."

Nel was in a good mood because of Lu Shangwen's reminder that he had already retracted a lot of investments in the gold market in countries like Greece that were financially poor and economically underperforming.

Lu Shangwen smiled and said:

"In fact, Greece was played to death by Goldman Sachs."

Nell couldn't help but let out an "oh" when he heard it, he knew the role of Goldman Sachs in Greece, but although the Greek government announced the fraud, it did not disclose too many details.

Greece was able to successfully falsify, and the secrecy measures must have been done quite well, and as for Goldman Sachs, naturally he would not leak such news, so he only knew some very rough things, and did not know the actual details.

Lu Shangwen talked about the role of Goldman Sachs in it.

In order for Greece to join the eurozone, it had to meet two key criteria: a budget deficit of no more than 3% of GDP and a debt ratio of less than 60% of GDP.

However, Greece did not meet these two criteria, and at this time Goldman Sachs came and involved a set of "currency swap transactions" for the Greek government, the specific operation is that Goldman Sachs let Greece's government debt be issued in other currencies such as US dollars, and then exchanged back to euro debt at a specific time in the future, and after the debt matures, Goldman Sachs will exchange it back for US dollars.

This inevitably involves the exchange rate between the two currencies, and if you compare them according to the market exchange rate, you can't do anything about it.

As a result, Goldman Sachs set a favorable exchange rate for Greece, allowing Greece to receive more euros. In other words, Goldman Sachs borrowed one billion euros from Greece, agreed on a low exchange rate, and Greece had a repayment period of 10 years or more, thus reducing or diluting the Greek government's public debt ratio, so that Greece could meet the eurozone standard and join the eurozone as it wished.

Of course, Goldman Sachs did not do it in vain, and obtained a commission of 300 million US dollars from it, which is really a huge profit!

But such cheating is only a cover-up, and the debt itself is not going away.

On the contrary, just as a round lies require a bigger lie, Greece has had to create more currency swaps to cover up its debt and hide its deficit. This has increased Greece's debt burden and left Greece in a spiral of bad debts. In other words, this kind of behavior of digging the east wall to make up the west wall make the hole in the wall bigger and bigger, and finally because of the financing difficulties of the financial crisis, it could not be covered up and the east window incident occurred.

Nell nodded, as a veteran of the financial world, he understood how Goldman Sachs operated as soon as he heard it.

Lu Shangwen then said:

Goldman Sachs not only played Greece to death, but also slammed the Germans hard, Goldman Sachs knows that sooner or later the Greek government's practice will be over, and they will also fall into huge risks, Goldman Sachs in order to ensure the safety of their loans to Greece, has long been prepared, Goldman Sachs after the completion of the transaction with Greece, from a German bank to buy a forward billion euro credit default swap insurance in order to make up the deficit by the underwriter in Greece when there is a problem with the payment of debt."

Nell couldn't help but sigh:

"I have to say that this move is really clever, this is tantamount to using German money to play Greece to death, Greece has a problem, Germany is being dragged in, and it has to pay to save Greece, Germany is mad, but I'm afraid Goldman Sachs has to do much more than that."

Nell hesitated as he spoke:

"Mr. Lu means ......"

Lu Shangwen smiled:

"If it were Mr. Nell, who knew everything about Greece, what would you do, Mr. Nell?"

Nell smiled when he heard this:

"Goldman Sachs will definitely put another foot on Greece, which is about to fall, and it is estimated that it will have to pull other institutions."

Nell groaned for a moment and said:

"So when they will do it when Greece's debt is due in January or February next year?"

Nell also sighed a little, he is in the financial world, and he is in the place of the incident, he must have a very good news channel, but the situation that can be grasped is far less detailed and conclusive than Lu Shangwen, timely and accurate information is money, this guy is really powerful!

However, he also knew that this must be Lu Shangwen's core secret, and if he wanted to understand Lu Shangwen's affairs in this regard, he had to take his time, so he would do this well before that, and then said:

"Well, so there's a lot of time, so we can also get some Greek collateralized debt bonds short, some cheap bond insurance long, buy some Greek stock index options, and wait until the EU provides a bailout to do a long euro ......"

This guy is worthy of being a veteran who has been immersed in this industry for many years, and his words only need to be a little bit to fully understand that there is not only speculation in euros, but also more opportunities to make money.

Because once the Greek crisis is formed, the price of collateralized debt bonds will fall sharply, and such risks and trends will naturally cause the price of insurance provided for such bonds to rise, so that it will also make money with both hands, not to mention the stock market.

And the Greek crisis is not only a Greek crisis, as a member of the European Union, the Greek crisis will definitely drag down the EU, whether you want it or not, other EU member states, especially several pillars of the EU economy, are not allowed to rescue, as long as the rescue measures are introduced, the negative will be convenient in a short time, this is another opportunity......

Lu Shangwen also smiled:

"So let Goldman Sachs do it, and we just have to make a fortune in silence ......"

Nicole helped him throw a lot of money at home, he had to make more money, and he must scrape the skin in Europe under such a good opportunity! (To be continued.) )