Extraordinary Genius Chapter 916 - Defending the backyard

Chapter 916 – Defending the backyard

“Old He, how many times of leverage can we use for 2 billion USD Thai Baht futures contract?” Feng Yu stood in front of his PC in his office and gave orders to He Zhaoji.
He Zhaoji was shocked. 2 billion USD worth of contract requires a lot of their funds, and Feng Yu still want to use leverage? Once Thai Baht rates increase, they will be forced to cancel their contracts!
To prevent force closure of their futures contract, they must prepare more funds. If Feng Yu is very confident that Thai Baht will depreciate and will not rise, then they will not need to prepare funds.
Could it be that Boss is confident that the Thai Government will not retaliate?
“We should not be able to get 20 times leverage with our funds. But 15 times leverage should not be a problem. Boss, will it be too risky?” He Zhaoji hesitated.
“Then let’s just use 15 times leverage. Start building our portfolio. Remember to spread them out. This time, we will win for sure!”
Feng Yu’s confidence had affected He Zhaoji and lessen his hesitations. Every time Feng Yu shows this expression, the company will make high profits.
Although this time, more funds are used, and the risks are higher, He Zhaoji got more confident and felt he could follow his Boss’s footsteps and make some money!
Other than Thai Baht futures, Feng Yu also asked He Zhaoji to buy Thailand’s Stock index futures. This period, Thailand’s stock index had recovered to more than 1,000 points.
But this time, Feng Yu will cooperate with Soros to attack Thailand’s economy. The stock index will surely fall more than 50%!
However, Feng Yu had almost used up all his funds on the futures contracts.
Professor Liang is standing next to Feng Yu. He is curious about what Feng Yu is going to do. When he heard Feng Yu would be using most of his funds to buy futures contracts, he frowned.
Feng Yu does not have much money left. If Soros is lying and suddenly attack Hong Kong, Feng Yu will not have enough funds for defense.
Soros might also try to push Thai Baht rates up, and Feng Yu will be forced to cancel his futures contract and suffer massive losses.
But it’s quite impossible for Soros to push Thai Baht rates up. Feng Yu will suffer losses if he does that, but Soros will also suffer losses. The Quantum Fund had bought lots of Short-position futures on Thai Baht. This will be a lose-lose situation for both. The investors backing Soros will not allow him to do this.
“Feng Yu, don’t you think the risk is too high?” Professor Liang asked. This young man is too daring.
“Professor Liang, you think I only have 6 billion USD?” Feng Yu smiled.
Professor Liang’s eyes opened wide. “You still have funds hidden?”
If Feng Yu still have funds, he can still escape without suffering massive losses.
They are using some losses to gamble for greater profits, and this is right. Investments are not 100% safe. There will always have risks, and the greater the risk, the higher the returns.
Feng Yu smiled and did not reply to him.
“This time, Soros is making a comeback. How long do you think the Thai Government can last?”
“Ten days!” Feng Yu estimation is the same as Soros. Ten days is sufficient for them to do a lot of things. The Thai government does not have enough reserves, and their restriction on the lending rates had already limited their Forex development.
The Thai government does not have any financial trading experts. Their measures implemented to stop Soros was what Indonesia used against Soros several years back. That time, Soros had retreated, but it was not because he is afraid. It is because Soros felt the time is not ripe.
Now… it is time to reap the profits!
“Have you considered the possibility of Soros suddenly turn around and attack Hong Kong?” Professor Liang asked.
“Impossible. But if he did that, you are still around. He will also not make many profits if he attacks Hong Kong now. Furthermore, he will fall out with me. I might suffer losses, but his losses will be higher. This time, Soros’s funds are massive, and the majority of the funds do not belong to him. If he suffers significant losses this time, his reputation will be gone and will be in deep trouble!”
Feng Yu was sure that Soros only thinks of profits first.
Soros is a typical greedy Jew. There were rumors that during his second marriage, the Priest asked if he is willing to share everything he owns with his wife. Soros stood there without saying a word until his lawyer went up to him to tell him that wedding vows are inadmissible in courts. At that time, the Priest and bride were utterly embarrassed by him!
This time, Soros had asked his investors to sell off their US Bonds to raise a massive amount of funds. That means he is going to finish off the Thai Government with one deadly blow and get the highest return. He will never attack Hong Kong during this time.
But after the Thai Government is defeated, Soros might try to attack Hong Kong to test the defense, or he might wait until the rest of the markets are defeated before attacking Hong Kong.
Soros will not let Hong Kong off.
Soros had once said that right or wrong judgments are that important. What’s important is making the best use of all your powers when you are right.
What Soros said is exactly what Feng Yu is feeling right now. What he is doing now is making the correct investment and wants to get the most out of it!
Furthermore, Fu Rongqi and Superman Li’s funds are ready. They had also promised the Chinese Government that they would protect Hong Kong’s stability before Hong Kong’s return.
The last time when Soros tested Hong Kong’s defense, had alarmed Fu Rongqi and Superman Li. But with Feng Yu around, Fu Rongqi and Professor Liang could not predict when Soros will attack. But no matter what, Soros will never let Hong Kong off.
The Southeast Asian countries’ economies are interlinked. The moment one country’s currency depreciates, there will be a chain reaction, and the currencies of the other countries will be affected. Many of these countries’ foreign investors are the same. The moment they withdraw their investments, the currency rates will plunge for all the countries.
Soros is going all out this time, and no one is willing to go against him. This will let Soros win easier. Hong Kong is not like Thailand, which has the backing of China. Even now, with just Superman Li and Fu Rongqi around, Hong Kong will not be defeated easily.
Fu Rongqi had said that once Soros attacked Hong Kong currency, the funds from the rest of the tycoons will enter the market and make Soros lose all his money!
Now, the situation is Feng Yu going out to make money and… the rest are watching over his backyard!