Seeing Cesar sitting in the center, calmly commanding his team members, issuing orders one after another in an orderly manner, Yang Jing nodded slightly.
Compared with the London gold investment five years ago, Cesar and his team have obviously matured a lot. If Cesar five years ago was like a fierce general on the battlefield who only knew how to charge into battle, then Cesar now is like a marshal who holds the world in his hands.
Perhaps it is the erosion of time, or perhaps it is the tempering in the market over the years, Cesar now no longer has the courage and courage he had five years ago. Now he is more dignified and calm.
The international financial market is definitely the most brutal battlefield. Those who can finally survive in these financial markets are not simply the result of the survival of the fittest. They have gone through countless thrilling battles. Perhaps only the people involved know this best.
Anyway, Yang Jing is very satisfied with this five-member team. Now they are definitely the reefs that still stand motionless in the sea after the tsunami passes!
Under Cesar's command, Albert and his team spent five days establishing a total of 120 accounts in the world's six largest foreign exchange futures exchanges through telephone and fax machines.
Connected to these accounts are accounts they have established in major banks around the world, and each account corresponds to an account in the foreign exchange trading market.
In this era, bank monitoring was not as strict as in later generations, and the real-name system was a joke. In fact, even in later generations, those large international banks did not implement the mandatory use of the real-name system. In major European and American banks, especially Swiss banks, anonymous accounts were numerous.
Some of these accounts are opened in major banks in the United States, while others are opened in banks in tax havens such as the Cayman Islands, the British Virgin Islands, and the Bermuda Islands, which are the favorite tax havens for offshore funds. Of course, major Swiss banks are also indispensable.
These accounts seem to have nothing to do with each other, and even if you search, it is difficult to find the relationship between them. But Cesar always has a small notebook in his hand, with some strange patterns and numbers drawn on it, which no one can understand.
But Yang Jing knew that the characters and patterns drawn on this small booklet, which looked like ghost symbols, were the connections between the various accounts and account numbers established in this investment operation. Cesar had explained it to Yang Jing in detail, but Cesar's ghost symbol drawing skills still needed practice, so Yang Jing was confused and finally stopped listening.
Now that the accounts and account numbers have been established, the next step is to lay out the funds.
That’s right, for large-scale investments like this, the way to invest funds is like paving a road, laying it out bit by bit, rather than pouring into those accounts all at once.
Billions of dollars of funds suddenly poured into the foreign exchange market, which would definitely attract the special attention of the regulatory authorities. Even if these accounts were dispersed.
There was no Internet in this era, nor was there so-called computer monitoring, but the regulators who had been fighting in this market for years were definitely very capable. If you dare to underestimate them, you will definitely regret it in the end.
You may not respect or admire these elite among the elite, but you must pay enough attention to them.
Under Cesar's control, $3.5 billion of funds flowed into the six major foreign exchange markets little by little. Each account deposited $3 million today, $500,000 tomorrow, and $700,000 the day after tomorrow...
Just like paving a road, little by little, after more than 20 days, more than 29 million US dollars were deposited into the 120 accounts distributed in the six major foreign exchange trading markets.
August 29, 1985 was the last Thursday of the month and also the second-to-last trading day of the month for major foreign exchange markets around the world.
On this day, Cesar began to build positions according to Yang Jing's instructions. During the last two trading days of this month, Cesar's team controlled 120 accounts and used a 1:10 margin leverage ratio to quietly absorb US$8 billion worth of Japanese yen worldwide.
Because these Japanese yen were evenly distributed among 120 accounts in the world's six major foreign exchange trading markets, and because the US dollar had been running at a high level during this period, many visionary investors began to short the US dollar and start going long on the German mark and Japanese yen, so this money did not attract the attention of the regulators.
And when a new trading day arrived on September 2, Cesar's team continued to quietly absorb the yen until September 6. In the five trading days of this week, the five of them finally succeeded in buying yen contracts worth 20 billion US dollars.
If the $8 billion yen contract last week did not attract the attention of regulators, then the sudden increase of $12 billion yen contracts this week did attract some attention.
But before those regulators had time to conduct a thorough review of the funds, September 8th arrived.
On this day, the U.S. Treasury Secretary and Federal Reserve Chairman, as well as the finance ministers and central bank governors of the United Kingdom, France, Federal Germany and Japan, held a meeting at the Plaza Hotel in New York. This meeting attracted the attention of investors from all over the world.
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