Cape Town, South Africa, in an upscale office building not far from the South African Ministry of Energy. The offices of Pen~Fun~Pavilion www.biquge.info Glencore and Mediterranean Trading are located here.

Not long ago, Glencore's senior partner, Green, and the South African government finalized a trade agreement on oil and agricultural products, opening the door to the Golden Country. It has created new trade channels for a country that has been extensively sanctioned by the international community because of apartheid.

As one of the few wealthy countries in Africa, South Africa has a strong ability to pay. They used gold instead of dollars to buy oil from the Soviet Union and Iran, which were also sanctioned, and wheat from Latin America, and other vital goods. In exchange, Glencore will receive spot gold, which will be sold to the Mediterranean Trading Company downstairs and shipped back to the Soviet Union.

Gold will play an important role as a store of value in the near future in Japan's actions. Because shortly after the signing of the Plaza Accord, the dollar will actively seek to depreciate to alleviate the decline in US economic growth, and gold will become a sweet spot in the market. It is precisely because of the anticipation of the imminent fall of the dollar that Seryosha's subsidiaries are trying to spend the dollars in their hands as much as possible. However, the realization of spot gold is very troublesome, and this kind of thing is not suitable for Glencore, which has a very fast turnover speed. On the contrary, it is more useful as a national asset reserve. Therefore, Seryosha is using the power in his hands to help the Foreign Trade Bank adjust its asset structure. In the space of a month, the Foreign Trade Bank has successively collected and stored as much as $20 billion in gold.

This also meant that $20 billion went into Glencore's hands, and Seryosha left only the necessary liquidity for Glencore, and the rest was sent to the Bank of Tokyo's foreign exchange account through the Bank of Colombia's channel.

With more than a month to go until September, time is running out for Seryosha. Because he realized that the crazy arbitrage of the cadres of the Communist Youth League did great harm to the country but the gains outweighed the losses, Seryosha took the initiative to stop the actions of his subordinates. Instead, in the name of oil hedging, Gorbachev was tricked into agreeing to his free disposal of foreign exchange reserves in foreign trade bank accounts. Now Seryosha has two things to do, the first is to give Mikhail 100 billion dollars in yen assets in his hands before the Plaza Accord is announced. The second is to transfer the remaining more than $1 trillion from the Foreign Trade Bank to the British financial market.

Mikhail now has only about $40 billion worth of yen assets in his hands, which is worth about one trillion yen at the current 250:1 exchange rate of the yen to the dollar. One of the first things Mikhail did when he took up the post of president of the Bank of Colombia's branch in Japan was to apply for a seat as a primary market dealer on the Tokyo Stock Exchange. This seat allows you to buy and sell large stocks directly without going through a brokerage firm like Nomura.

The Bank of Colombia, which had a large amount of cash in hand, immediately became the object of competition among major Japanese companies, and the Financial Services Agency of the Ministry of Finance paid more attention to Mikhail, and even awarded him a certificate of honor from the Japanese government to thank him for his trust in the Japanese economy. Mikhail accepted the honor with a happy smile, and he also hung it on the wall of his office, and whenever a Japanese guest visited, Mikhail took the initiative to introduce him.

It is a pity that despite the enthusiasm of these large Japanese companies, Mikhail has never been able to take real action with real money. Instead, he made a proposal to the Financial Services Agency to improve the trading mechanism of the subprime mortgage market.

Mikhail took the initiative to apply to the Financial Services Agency to establish a short-selling mechanism for subprime mortgage products. For this man with trillions of yen in assets, the Financial Services Agency naturally does not dare to take it lightly. Many high-level officials came to meet Mikhail in person, and Kuroda, who has been in charge of the Bank of Colombia, was naturally fortunate to be among them.

"Short subprime mortgage products? Mr. Grachev, you are the president of the first financial company to engage in subprime mortgage products in Japan. Would you tolerate someone shorting your subprime mortgage product? Noda, the deputy head of the Financial Services Agency, asked suspiciously.

"Your Excellency, as you said, I certainly don't want my subprime mortgage product to be sniped! But as a responsible financier, I would like to see a better and more robust trading system for subprime mortgage products. Although the concept of subprime mortgages became popular around the world not long after Mr. Ulyanov proposed it, Japan was certainly the biggest beneficiary of it. However, the trading mechanism of only going long and not shorting is not sound. Mikhail replied with Noda.

"Short subprime mortgage financial products, will anyone buy this kind of thing?" Another official, sitting next to Noda, asked disdainfully. How hot the real estate market in Japan is right now! Shorting subprime mortgages is shorting Japan's rooftop and personal credit markets, unless you are a fool, who doesn't know that Japanese people are now the richest consumer group in the world.

"The important thing is not whether anyone buys it, but to establish and improve an open trading system! Ladies and gentlemen, the volatility of the financial market itself comes from different people's different judgments on economic development! We should get financiers with different perspectives on board at the same time! Mikhail stressed again.

"All right, Mr. Grachev! We have understood what you mean, and we will discuss with Nomura Securities and the Tokyo Stock Exchange to launch a financial product that can short subprime derivatives as soon as possible. However, you should know that if the release is not ideal, we can cancel it at any time! Noda said disdainfully, this Grachev is now forcing the regulators to issue such a product, is it a loss of confidence in the Japanese economy, I really don't understand what these foreigners are thinking.

After sending Mikhail away, Noda called the head of the Tokyo Stock Exchange and the head of Nomura Securities to communicate about Mikhail's proposal.

"Vice Chief Noda, I think that's what I told him, I just want the subprime mortgage transaction mechanism to be more complete! I don't believe anyone would really invest in this product right now! The head of the Tokyo Stock Exchange replied cautiously.

"Yes! If only the Bank of Colombia really wanted to do that. I can guarantee that he will lose as much as he buys short, and our real estate boom has only just begun, and our overseas real estate investments have already bought 90 percent of Hawaii, and we will buy New York, Los Angeles, Chicago, ...... If we go against our Japanese economy, we will perish! The person in charge of Noda Securities said arrogantly.