Chapter 41: The Big Short (28)
After Contini sat down, he suddenly found that there seemed to be some hot behind him, he felt that something was not right, thinking that he had been too stressed and suspicious in the past two days, but he couldn't help but turn his head and found a familiar face: Mr. and Mrs. Winston Churchill, although the old face of the fat man Qiu is not as old as he remembers, but this image makes him feel very deep, why is this old bastard here?
He called Enzo: "Let our people investigate, is that fat man an Englishman, named Winston Churchill?" ”
"Yes?" Enzo thought he was going to invite someone over.
But I saw a cold light flashing in Contini's eyes, "If yes, just ...... it"
Others don't understand what "just order" is, but Enzo understands it very well, and this is what it means to do things with hands.
Soon he figured out the situation: the couple was really Churchill, and what surprised him even more was that Churchill had been a cabinet minister many times, and he was a well-known politician and socialite in Britain, how could the president have a conflict with such a person?
"Remember the oil stuff, right? Behind it are two British oil companies who are making trouble, and this fat man is the matchmaker...... "In order to kill people, Contini went out and did not hesitate to fabricate a reason to tell Enzo, "Otherwise, I have never dealt with them, how do I know?" ”
As soon as he said this, Enzo understood: the president is not messing around without any basis, there is a reason, there is a reason, there must be an information channel that he does not understand!
Qiu Fatzi still doesn't know, he just said a little bit about Contini's badness, and retribution will come to the door - the opponent wants to get rid of him!
Roosevelt has already been killed, and there is no psychological burden at all to kill another person, Contini, although killing Churchill or not will not change Britain's national strength, nor will it change its attitude towards Italy in the future, but at least he can not deal with a nasty person - maybe someone else is better to deal with? At this moment, he moved to kill.
What's more, the timing is still favorable, it is very difficult for Churchill to do it in Britain, and it is not his word in the United States? What's more, now Qiu Fatzi is a person from the lower field who came to investigate, not a government bureaucrat, and the security should be more lax - he is still very clear about the truth that Tianyu Fufetch must be blamed!
As the clock ticked into October, it turned out to be as Contini had promised, and he received the money back from his "European" customers, and then repaid $600 million in loans to the Federal Reserve - now Union Bank's credit exposure has been reduced to only $2.2 billion, and only $400 million is due in a month, and only 900 million in three months, liquidity and security are guaranteed.
Both the Federal Reserve and the financial community breathed a sigh of relief that the situation was finally over, but Contini knew that things in the United States might be stable for the time being, but the situation in Europe exploded. Since late September, starting from London, all stocks, bonds, and futures exchanges in Europe have fallen, not only stocks, but also various bonds and commodities have begun to fall sharply, especially crude oil and silver, two commodities closely related to industry, began to accelerate the decline, crude oil plummeted by 30 cents, only 20 cents from the storage price, and silver plummeted by 40%.
In the process of the collapse of silver, Contini made a lot of money, but crude oil will soon become a new crisis that will test the resilience of the United Group. This time is not the same as the last oil storage, the last time the opponent sold goods was deliberately lower than the market price, showing a loss, and this time when the whole situation is facing turmoil, 1 dollar will exceed the actual market demand, so he is faced with a dilemma: to take or not to take?
Then, of course, you will lose money, and Contini knows that this loss is not a day or two, it may take 4 years and hundreds of millions of dollars;
If you don't accept it, you won't lose the money, but the image and credibility of the United Group will be damaged, and who will believe in the promise of the United Group in the future? The reason why he Contini is now speaking is because he has not broken his promise so far - giving up the deposit is not a breach of promise, it is a business practice, and the inertia of this promise will become stronger and stronger over time, isn't it because of this that he speaks? If he gives up, he will give up a huge advantage in public opinion, which is again something he is reluctant to ......
This decision also made it difficult for Francisco to provide reference advice, he didn't understand why the president was so pessimistic about the future crisis, in the past, he must have given up, but since he carried this run on the crisis, he suddenly felt that the weapon of credit is still very valuable and lethal, and it is definitely more than 1-200 million US dollars when used well, so he finally said: "Yes, we must take it, but we should think differently." ”
"A different way of thinking?"
"Since it is expected to fall, then we should release long-term short ......orders on a large scale again," Francisco said with a wink, "let the market take the goods we have on hand first, and then we will pick them up, and come and go to take back the difference first." ”
"But this will only solve the problem for a few months and at most half a year."
"As time goes on, keep selling, even if it's under $1." "We have a floating mechanism that can be adjusted down to 75 cents depending on major changes in the market...... Therefore, it is not a breach of promise to buy at $0.75, and even if we sell at a price lower than $0.75, it is not a big deal, if the other party wants to make money, it must still take away our oil first and then store it, which can free up time and increase the cost of handing over; third, it can also be considered that the port congestion of Tripoli is created, I do say the acquisition of reserves, but after slowing down the pace of loading and unloading, the supply of tankers will be tight, if we hire another batch of tankers in advance, the shortage of means of transportation will directly force the scale of large-scale dumping to be limited, and then we can also raise the price of tankers, and use this freight to offset the price of our storage, in fact, cutting costs. ”
Contini couldn't help but exclaim: crude oil can be produced continuously every day, but the production of a tanker is less than 2 years, more than 3 years, during which it is possible to face a shortage of transportation capacity, and it is completely cost-effective to build a new tanker, if you can curb the tanker from the source, in fact, it will curb the scale of storage!
No wonder Francisco was able to take care of the Pope's money back then, and the means were truly astonishing - if not shameless...... Mediterranean hegemon