Chapter 556 New York Stock Exchange

Cai Chenfang and Hu Qiying sat there with some fear.

It's been a long time since I've seen a big president.

They are two liars, but more of a fact they are just subordinates of the great president. No one of their actions can escape the grasp of the president.

As the last stop of his visit to the United States, New York, the president still remembered them.

Wang Hengyue has actually been thinking about these two liars.

They are very good, Dangdong has brought himself a huge amount of money that he desperately needs, and this astronomical amount of money is still playing a huge role until now!

"Great President!" "Great President!" As soon as Wang Hengyue walked in, Cai Chenfang and Hu Qiying hurriedly stood up.

Wang Hengyue waved his hand and asked them to sit down again: "What is your name in the United States now?" What identity? "Luke, the general manager of Sinskra Gold Investments, and Murray, the general counsel, are using the identities of the 'Day' himself."

"Good, good, you're very willing to use your brains." Wang Hengyue nodded: "I know that try not to cause trouble to me and the Chinese government." In the previous stage, you deceived an Italian Pang Qi, that is a liar and a liar, it is not a big deal, but this time all the people who were deceived are Americans, and the quality is not the same, and it is best ......to use the identity of the person himself to "ask some" Sinsklay Gold Investment Company, , , The details of the company, and Wang Hengyue imagined.

Well, the MLM scam has begun, so what is it? Is it the grandfather of MLM? Thinking of this, Wang Hengyue laughed himself......

"It's all petty fighting." Wang Hengyue suddenly said: "Whether it is a few million dollars to defraud Pang Qi, or tens of millions of dollars to defraud those Americans, although this sounds like a huge amount of money, in my opinion, the scale is not large." ”

Cai Chenfang and Hu Qiying looked at each other.

Is there a shocking scam that the big boss is trying to determine?

"Lou left a group of people for you to be your subordinates and assistants." Wang Hengyue groaned: "The specific plan..., I will talk to you carefully after a while." But if this plan succeeds, I don't think you'll have a foothold in the United States anytime soon. ”

Cai Chenfang said with a smile: "President, it is difficult for people like us to stay in one place for a long time. If the President allows, we want to return home after this vote......"

"It's okay to return to China temporarily" Wang Hengyue nodded and said: "Do this this time, take a good rest and adjust for a while, it is your best shelter in my sphere of influence" For a whole morning, Wang Hengyue was always discussing some details with Cai Chenfang and Hu Qiying.

Cai Chenfang and Hu Qiying went from casual at the beginning, to more and more dignified faces later.

Terrible, really terrible, if this plan... If it were fully implemented, it would have a terrible ripple effect, and even the economic impact on the United States and Europe would be enormous.

This is similar to the "Shanghai Gold Stock Scam" carried out back then, but in terms of specific implementation, it is more complete, more refined, and more huge than that scam.

What's going on in the president's head? Could it be that he was a liar like himself before? Cai Chenfang and Hu Qiying's minds had such thoughts at the same time.

Maybe, maybe.

Wang Hengyue left them for a simple lunch and personally sent them to the door: "I will return to China soon, and I won't be able to see you for a long time. "See you in China!" Wang Hengyue, who had sent off these two liars, was in a very happy mood. The trip to the United States should have been very smooth.

As for the plan agreed between himself and the two scammers, if it can succeed, it will have a great impact on the US economy, and he can take the opportunity to profit from it, and if it fails, he will not be affected by anything.

Of course, deep down in Wang Hengyue's heart, he still hopes to succeed!

"President, Martin is waiting outside for an audience. ,…

"Let him in."

Martin, a foreigner who fought in Chongqing with intelligence agent Wang Huihai in the battle to unify Sichuan, was sent to the United States in 1918 to serve as the general manager of the "Balu Investment Company" directly invested by Lou Wang Hengyue.

In 1919, Martin managed to buy a seat on the New York Stock Exchange for an incredible price of $100,000. …,

With the help of the European war, the New York Stock Exchange became the largest and most influential trading market in the world. But institutionally, it is almost indistinguishable from when it was first formally established in 1817, that is, it is still a club of sī people, and the purpose of the exchange is still to protect the interests of its members, that is, the interests of those who hold seats, and not the interests of the public. Like most SĪ clubs, the New York Stock Exchange has no "democratic" ownership of its internal management.

Like most clubs, the exchange is run by an oligarchy of members who are always trying to assert their position, and who occupy almost all of the positions and seats on the exchange's committees. In exchanges, the power of the oligarchy is not evenly distributed according to the proportion of members. Although the big brokerage firms all have partners who have seats on the exchange, about half of the seats are controlled by specialized brokers and floor traders, and the latter two groups also own two-thirds of the most prominent seats on the exchange, the exchange's management and legal committees.

Specialized brokers "make markets" for specific stocks, and their job is to maintain a "fair and orderly" market. Each specialist broker has a detailed record of all buy and sell orders for a particular stock, and they execute these buy and sell orders when the price of the stock meets the buyer's or seller's requirements. In this way, they are in the best position to be the first to know the market news and make profits from it.

There are no rules that prohibit these specialized brokers from making profits on the stocks they make in the market, and there is no way to stop them from leaking inside information to others to help them make money and get a commission from it.

Floor traders, on the other hand, trade only for their own accounts. They have two huge advantages over ordinary investors and speculators who can only constantly haunt the broker's office for a little bit of information. First of all, because they can trade on the exchange floor, they are able to get the latest news about market changes and buy and sell at lightning speed. Second, they don't have to pay brokerage fees, so they can buy and sell stocks and bonds at will, taking advantage of slight price movements.

However, they can conspire with each other or with specialized brokers to manipulate the market for their own benefit!

Joint bankers were commonplace at the time. Although "false selling" is prohibited, these syndicates can still elaborate a series of false sales among group members, commonly known as "knocking". These knocks create a false stock movement on the stock auto-quote machine, and trick other speculators into buying and selling in the direction the group wants. Once they reach their goal, they quickly leave the market, making significant gains, while outside speculators remain in the dark.

Floor traders are also in excellent positions, and they often stage short selling raids. They will use a series of short sales to continuously suppress a single stock, and Lou will suppress the entire market. Then, because they are at the heart of the whole market, they can better judge than outside speculators when the market is really close to the bottom, and once the market bottoms, they immediately close their positions to make the most profits, while the buyers on the periphery are just starting to buy.

It's a bit like stealing with an officially licensed "theft" license, at least for the shrewd and daring speculators. Most of the time, they steal from the general public, but sometimes they steal even from the weaker members of the club.

"100,000 dollars, it's cheap." Wang Hengyue nodded and said: "A position on the New York Stock Exchange, no matter how much money you have, it is worth it, then, I have made a huge investment, what return have you brought me?" ”

"One and a half million dollars." Martin smiled, "So far, I've managed to make a million and a half million dollars by controlling Master stock, and of course, I had a game with those guys on the New York Stock Exchange, and I almost lost it!" Wang Hengyue suddenly became interested: "I know my" Balu Investment Company has made a lot of money, but how did it earn? "A year ago, I started investing in and controlling Master and through various means, I finally succeeded in taking control of Master Company." Martin said slowly: "In January of this year, the Masters stock started to rise. Previously, it had been trading around $100 per share on the New York Stock Exchange, reaching $120 per share by the end of January, and on February 2, it had rushed to $134 per share. Then, short-selling speculators began to enter the market, preparing for a short-selling raid on the stock. Some of the bears are core members of the exchange, and I am not a core member of the exchange in comparison. ,…

Wang Hengyue listened very carefully, interrupted Martin's words from time to time, asked about the specific situation, and then nodded frequently, allowing Martin to continue to tell the story.

This is very important for his future investment and plan in the United States, every detail, every step Wang Hengyue does not want to give up easily.

And a thrilling story related to stocks and the New York Stock Exchange slowly came out of the mouth of Martin, an American!。