readytorunbook Chapter 112 Yen Devaluation, Buffett Admits Defeat
Chapter 112 Yen Devaluation, Buffett Admits Defeat
"It seems we've lost this time!"
The stock market guru smiled and sighed very calmly.
Alexander, a young man who wished to remain anonymous, was a sucker who had opened champagne halfway through the game, but he was full of indignation: "Damn it! Who exactly revealed the secret of discharging nuclear wastewater to him?"
How could he possibly know such information?
Logically speaking, even tycoons in the real economy like Musk and Ryan wouldn't know!
The financial sector is the center of information and intelligence.
What do physical entities need intelligence for?
In the financial sector, information is life itself.
Wall Street has a much wider range of information channels.
They learned this secret by planting their eyes in the upper echelons of the United States and Japan. How could Jiang Feng possibly know it?
It shouldn’t be!
Holy shit!
Alexander refused to admit defeat and could only attribute it all to luck, since it wasn't that he was incompetent.
"Damn Jiang Feng, he's so lucky!"
"Sonofabitch".
"Next time, I'll make sure he goes bankrupt."
Buffett frowned slightly. His old friend's youngest son was still too young and not mature enough.
Was it luck? No, he didn't believe it was luck, or rather, it wasn't entirely due to luck!
Jiang Feng must have some extraordinary abilities!
ah~
He can accept it calmly simply because he's old and no longer cares about winning or losing, but Alexander can't!
How could he admit that he was inferior to Jiang Feng?
What young person doesn't care about their reputation?
I can't let go of my pride!
He forced a smile and tried to save face: "It's okay, this failure is nothing. Anyway, our losses are not great, just a few billion dollars in loan interest."
"I don't believe his luck will always be that good. He can succeed countless times, but if he loses just once, he'll be in big trouble!"
(confidence)
Suddenly, Buffett's assistant knocked on the door and came in, looking a little flustered, not caring whether everyone was happy or not.
He immediately reported: "Everyone, we have just received news that Japan is going to liberalize the exchange rate and allow the yen to depreciate freely."
Alexander: ? ? ? ? ? (Shocked)
Buffett was also shocked and felt a chill run down his spine. If the yen depreciated significantly, they would suffer huge losses!
Jiang Feng lent them $200 billion.
Two trillion yen will be returned in three years.
Fuck
For every 1% drop in the yen, they lose $200 million. If it drops by 20% or 30%, wouldn't they suffer huge losses?
(￣ Pan￣)
“Holy shit! History repeats itself! History repeats itself! We have fallen into the same loan trap as Abram and Omar, agreeing to borrow dollars to repay foreign currency, and the foreign currency has plummeted.”
"He had predicted the yen's depreciation long ago!"
Everyone was startled, and suddenly realized what was going on.
Why did Jiang Feng buy a house in Japan?
Currency devaluation!
Prices are rising!
That bastard had already predicted that the yen would be devalued, and he had no intention of investing in salmon farms.
Perhaps, this technology doesn't even exist!
From beginning to end, it was all about the Japanese yen.
Sonofabitch, that guy not only cheated them out of their loan, but he's also trying to rip them off by paying back the loan in yen.
This time, the losses will be at least several billion dollars!
"Fuck~"
"Fuck~"
"Fuck~"
Inside the conference room, a chorus of curses rose and fell. They had been deceived by Jiang Feng, but there was nothing they could do!
╮(╯_╰)╭
Jiang Feng did not promise that these loans must be invested in salmon farms. Even if he had made such a promise, there would have been anti-default clauses for force majeure events, which would allow him to change the investment direction.
They originally thought that salmon farms were highly profitable, and that Jiang Feng, unaware of the secret of discharging nuclear wastewater, would definitely invest as quickly and on the largest scale as possible.
Then, they become deeply entrenched and unable to escape!
To their utter surprise, this guy was even more cunning than them, not only trying to cheat them out of their profits but also trying to take their money.
We capitalists are a joke!
Jiang Feng, you're the real capitalist!
Capitalists suck blood, you fucking eat people!
(T～T)
Actually, thinking about it now, it's quite normal for Japan's economy to be sluggish, so allowing the yen to depreciate and increasing exports was entirely predictable! Jiang Feng is smarter than us!
"Should we also short the yen?"
"Of course! Unfortunately, after lending Jiang Feng billions of dollars, my cash reserves are already severely insufficient."
"Me too, I can only invest a small amount now."
"Ah~"
These financial giants, though worth hundreds of billions of dollars, have the vast majority of their wealth in stocks!
Moreover, the stock market has been impacted by the pandemic this year.
Wealth has shrunk severely.
Jiang Feng has recently been lent a lot of money again.
Funds are extremely tight!
They predicted that the yen would depreciate by a maximum of 25%, and that it would take a long time to recover, making it not worthwhile to invest on a large scale.
It's even less likely that they would sell stocks to short the yen.
Therefore, we can only short the yen on a small scale!
They investigated the trading volume records of the Japanese yen and quickly discovered a period of significant increase, which occurred right after they lent money to Jiang Feng, and the amount was enormous.
Warren Buffett, the legendary investor, couldn't help but smile and sigh:
"Holy shit! We didn't lose unfairly!"
"This guy is a genius."
"You'd better not mess with him!"
"Ah~"
Everyone remained silent, secretly agreeing, but one person was very unwilling: How could I be inferior to Jiang Feng?
No, impossible, absolutely impossible!
Next time, I will definitely defeat Jiang Feng.
100%
absolute!
In Tokyo, the headquarters of Mitsubishi Bank and Mitsui Bank also received a notice from the central bank that the yen's depreciation would soon be lifted.
Junji Hanzawa was so angry he almost fainted!
"Baka yarou~"
"The central bank has misled me!"
Why the hell didn't you tell me sooner?
“We lent Jiang Feng one trillion yen and sold him real estate. Now you’re telling me the yen is going to depreciate? Wouldn’t that mean we’ve lost billions of dollars?”
"Kesuo~"
"asshole!"
After seeing Jiang Feng and the others off, Kobayashi Sadako immediately began preparing a business plan for the new company and recruited several of her former subordinates.
With a large number of houses and shops being rented out.
Huge sums of money have arrived!
She also made large-scale investments—
1. Promote the fishing company, build a brand image, hire fishermen to help with fishing, and do not invest in a fleet of boats.
2. Acquire screenplays adapted from "unique" novels, commission the creation or imitation of unique screenplays, contact film studios to take on projects and submit their work, and handle distribution yourself.
The movie is meant to advertise for the fishing company!
[Kobayashi Fisheries Co., Ltd. of Japan has long focused on the Japanese market and will never export a single seafood product.]
[Enjoy seafood at Xiaolin Seafood, watch AK Media]
Movie banner ads
Movie opening advertisement
Product placement in movies
They even had the actors read the advertising copy!
It's easy to imagine that in the near future, the name of Kobayashi Fisheries Co., Ltd. will resound throughout the world!
(→_→)
Fishing companies, film companies, and real estate companies all adopt a streamlined operating style, with very few employees.
Rent a place? Leave it to a real estate agency!
Leave the filming to an agency!
The fishing is outsourced to a middleman company!
It not only avoids legal and ethical risks, but also allows businesses to operate flexibly and improve operational efficiency.
Perfect.
Upon returning to California, USA, Jiang Feng and his team immediately arranged for a truck to transport the antiques back to the farm, maintaining high vigilance along the way.
Chief Qiao arranged for a police car to provide protection.
The cowboys also carried guns.
They returned safely to the farm.
.