The Son of Finance of the Great Age

  Chapter 341 Teammates like pigs

   "What? There is such news?"

  Rodney Jones, who was busy in the world, finally arrived in Jakarta after several twists and turns. He met the person he had made an appointment with, but he never expected to hear such a jaw-dropping and shocking news.

  The conditions promised by the Indonesian government to close 16 banks have not been fully fulfilled. In addition, it is rumored that the high-level Indonesian government is still considering changing the already free-floating currency system to a fixed exchange rate system.

Throughout November, Rodney Jones was basically in South Korea. Through meticulous investigation, he was surprised to find that the dilemma faced by the South Korean authorities was exactly the same as that faced by the Thai government: the domestic financial system was too indebted , Seriously unable to make ends meet; foreign exchange reserves are decreasing day by day, at an astonishingly fast rate; the stock market has fallen severely, and investor confidence is on the verge of collapse.

  Seeing this situation, before the International Monetary Fund declared that there was no problem with the South Korean economy, Rodney Jones hastily wrote an extremely strong analysis report, strongly recommending that the Quantum Fund immediately short the Korean won. In the report, he wrote: "The South Korean economy is currently in the 'post-crisis period', and the real figure of the US dollar liabilities of South Korean companies generally recognized by the market is far higher than the official data, and the difference between the two is even as high as 60 billion U.S. dollars. What's more terrible is that most of these debts are due within weeks or months, and if they cannot be rolled over smoothly, the Korean economy will collapse immediately."

Indeed, as Rodney Jones predicted, after South Korea sent a bailout to the IMF, the IMF's top Asian economic experts rushed to Seoul, where they found the situation worse and ended up putting pressure on the IMF. South Korea's negotiating team announced a bailout of up to $55 billion in early December.

   At this time, the currency value of the Korean won has dropped by nearly 40% from the period Rodney Jones warned.

   But it is a pity that Soros, Druckenmiller and others did not short the Korean won on a large scale, but only symbolically shorted the Korean won of hundreds of millions of dollars, and then completely let go.

  There are good reasons for Soros not shorting the Korean won: First, because the top management of the International Monetary Fund frequently sings about the Korean economy, the entire Quantum Fund is full of confidence in the Korean economy. Obviously, before South Korea revealed its real economic situation, even the top management of the International Monetary Fund was kept in the dark and made wrong judgments, let alone the Quantum Fund. The second reason is that the current main force attacking the Korean won in the market is led by Tiger Fund, followed by a large number of Julian Robertson fans. Out of the consideration that one mountain cannot accommodate two tigers, Quantum Fund unanimously disagreed with entering the Korean won market on a large scale, so Soros avoided the Korean market after only selling a part of it symbolically.

Although it was out of sympathy and respect for each other, Soros would never have thought that Julian Robertson had already blamed him for the abnormal fluctuations in the Korean won market, and for this he asked him the most powerful person in Asia. The subordinates under the black hands.

  Rodney Jones is indeed an economist with a keen sense of smell and profound knowledge. After discovering that there was a problem in the Korean won market, he submitted relevant reports as soon as possible. However, he is not a superman. He ignored the trend of the Indonesian market due to lack of skills. When he finally found time to investigate the Indonesian rupiah, he heard such news.

   "Are you sure these are all true?" Rodney Jones finally came back to his senses and asked again, for fear that he might be confused by the English with a thick Indonesian accent.

"Of course!" The other party nodded heavily, with a serious expression on his face, "Moreover, it has been rumored that President Suharto has been seriously ill for a few days. This is the most direct reason for the sharp drop in the Indonesian rupiah, and the deep-seated The reason is the two I just mentioned."

  On December 1, when the negotiations between South Korea and the International Monetary Fund first appeared, the Indonesian rupiah plummeted due to the news that President Suharto was seriously ill. As of the Asian trading hours, the Indonesian rupiah closed at 3,715 rupiah for 1 US dollar, which was a full 6.14% drop from the 3,500 rupiah exchange for 1 US dollar that Soros opened his position at the beginning. In other words, after a short-term profit, Soros has lost more than US$120 million on his position in the Indonesian rupiah.

"And there is another piece of news I want to reveal to you." Seeing that Rodney Jones was silent, the other party simply told what he knew. The Japanese, Singaporean and Indonesian authorities who want to support the Indonesian rupiah will announce in the last few days that they will stop supporting the Indonesian rupiah. I believe that as soon as this news comes out, the entire Indonesian market will fall again. You know, although the IMF announced the rescue of Indonesia , but this kind of rescue may be suspended at any time because of the Indonesian government’s obedience and insubordination. Although several other countries covet our oil resources, they will never allow the country’s financial money to be taken away by the corrupt government for nothing.”

It was another piece of news that made Rodney Jones feel like a thunderbolt. At this time, he was already in some trouble. He looked at Susilo Bin Tilar, who was the person who revealed the news to him, and he was very happy after a long while. He said blankly: "Is that all the news? Is there anything else?"

Susilo is a classmate of Rodney Jones at MIT. After his academic success, he returned to China with ambitions to serve the country, but Indonesia's long-term dictatorship and corrupt bureaucracy soon put his The blood in the cavity was completely cold. After being refrigerated for a few years, Susilo, who came to his senses, also learned to sycophant and speculate. Because of his experience studying abroad and his talent, he soon joined the Bank of Indonesia and is now a middle-level leader. .

Although he is in a high position, Susilo's heart to serve the country has been completely dead. After seeing the reality of how corrupt the Suharto group is, he also began to consider himself entering this corrupt class. His classmate Rodney Jones contacted him, and the two sides hit it off and started cooperation.

It was because of Yudhoyono’s inside information that Soros and others were able to establish a large number of Indonesian rupiah longs before the IMF announced the rescue of Indonesia. Facts have also proved that Susilo has access to the most core confidential documents. For this reason, the Quantum Fund paid a total of US$1 million in "public relations expenses".

Looking at the devastated face of Rodney Jones, Susilo was also extremely anxious. He suddenly patted Rodney Jones on the shoulder who had not yet recovered, and said loudly: "Why are you still hesitating now? Hurry up and inform Your boss, sell all your positions before it's too late!"

"Yes! Yes!" Rodney Jones shuddered, slapped himself on the forehead, and said rather annoyedly, "How did I forget this? God! Take action now before it's too late, maybe It can recover part of the loss." After feeling sorry for himself, he quickly opened the suitcase, took out the computer inside, connected the network cable and began to knock on it.

This is a five-star hotel in Jakarta, the capital of Indonesia. Although the Internet is still in its infancy, it has become popular in such luxury hotels. Rodney Jones connected to the Internet without much effort, and began to think about how to convince himself boss and colleagues.

Although he is the chief economist in the Asian region, he can basically say the same thing about the Asian regional economy, but his feedback to the US headquarters can only be put into action after extensive review and discussion, so even if he knows the inside information , Rodney Jones also needs to stand up logically.

  Seeing the old classmate lost in thought, Susilo sighed, shook his head and exited the room. He didn't have to worry about his own remuneration, but this time he caused such a heavy loss to the other party, and he felt quite sorry.

Rodney Jones didn't notice the departure of this skinny, dark-skinned former classmate, he was still immersed in his logical reasoning, and after thinking for half an hour, he finally corrected all the loopholes in his logic. Make up for it all. After reading his report carefully again, Rodney Jones nodded in satisfaction, and after thinking about it, he added this sentence at the end of the email: "Don't be afraid of opponents who are like gods, but teammates who are like pigs !" After typing, I read it again, and after confirming that there were no mistakes, I pressed the send button.

It's just that Rodney Jones at this moment didn't know at all that this email not only did not reach the headquarters of the Quantum Fund in an instant as he thought, but was intercepted by someone with a heart, and even caused a major disaster to the Quantum Fund. Loss.

  …

"Huh? An email was intercepted? Send it to my mailbox!" After receiving the internal call from Mike Taylor, Zhong Shi was stunned for a moment, and then immediately remembered what was going on. Directly ordered.

After reading the analysis report on the Indonesian rupiah from Rodney Jones, Zhong Shi took a deep breath. Although he knew that the Indonesian rupiah would fall, the underlying reason was not clear at all. Now it seems that there is such a There were many twists and turns, which made his scalp tingle.

  After thinking about it, Zhong Shi dialed Mike Taylor again and asked, "Mike, according to the Trojan horse you planted, did the other person who intercepted this email let it go?"

"Hey!" Mike Taylor on the other end of the microphone smiled sinisterly, and said in a gloating tone that anyone could hear, "Boss, the other guy you mentioned didn't release this email at all. I guess the person at this address never received this email, and I'm afraid they will never know that there is such an email in their lifetime!"

  Why didn't Rodney Jones directly call and report to Quantum Fund? In fact, it is very simple. The first reason is that due to the time difference, the information cannot be delivered to the high-level ears in a timely manner through the phone, and the information he obtained cannot be explained clearly in a few words; the second is The reason, and the most important reason, is for confidentiality, because Indonesia is a dictatorship, and industries such as telecommunications are controlled by certain classes. Communications at the headquarters of the Quantum Fund have long been changed to emails.

They are not afraid that the Internet will be eavesdropped. The communication system opened by themselves is not consistent with the communication system currently on the market, and they have done enough preventive work, but the road is one foot higher than the magic, even in the hacker world, It's also the strongest among the strong, and this time they have completely fallen into the trap that has been carefully arranged long ago.

After hearing Mike Taylor's affirmative answer, Zhong Shi let out a long breath, and slowly put down the phone, with an imperceptible sneer on the corner of his mouth, he said to himself: "God-like opponent? Pig-like teammate ? Interesting! Interesting!"

   Not long after, he pressed the communicator on the table and said without hesitation: "Ma Sheng, are you free? Accompany me to the Standard Chartered headquarters and pay a visit to our old friends!"

   Thanks to book friends Lei lsq, wangxueliang, and Zhizha Yuntian 01 for voting for monthly support!

  (end of this chapter)