Chen Dong continued to issue one order after another: "Contact senior executives at banks such as JPMorgan Chase and Merrill Lynch to leverage funds. The more the better, and these funds should be primarily in US dollars. Of course, we also need to see which bank offers the best deals."
Chen Dong's situation is unavoidable; their current total funds are not even comparable to those of the Quantum Fund, let alone Brazil in South America.
This time, Chen Dong has raised a total of $9 billion.
$6 billion is his own capital, of which $4 billion is capital belonging to his offshore companies.
This $4 billion was obtained by Chen Dong having Wangcai continuously sell off the various bonds he had previously purchased.
Although Wangcai was being very careful, his actions still caused some fluctuations in the bond market.
In addition, there is $3 billion in three-month loans from three commercial banks at an interest rate of 5%.
The remaining $2 billion came from Saudi Prince Awad and some associates.
However, Chen Dong still felt that the funds were insufficient, so he needed to find other banks to take out loans.
At this moment, his series of orders made everyone present realize that he was really going all out.
However, they felt only excitement, not fear.
They believed that Chen Dong would achieve the same success in the financial market as before.
Even under his leadership, this financial genius who seems to have his own background music, achieved even greater glory.
Everyone looked at Chen Dong as if he were a mountain of gold.
However, if he can lead them to wealth, then he will be able to win their respect.
Li Xiaoman looked at Chen Dong and couldn't help but fall into a fantasy again.
It was as if he and Chen Dong were a perfect match, inseparable, dominating the financial market and slaughtering their enemies, leaving "corpses strewn across the field and heavy casualties."
"Mr. Chen, are you planning to short the Brazilian market?" Zhang Zhong, a senior executive at Standard Chartered Bank, asked.
He has a good understanding of the South American market.
As far as he knows, Brazil will launch a new currency called the "Real" in July.
His reason for asking this question was, of course, his belief that a financial crisis must be a problem in a country's financial market. And behind this problem, there must be a rigid exchange rate system.
Even so, when attacking, the attacking side invests far more money than the attacked side.
After all, a country's government can mobilize external funds at any time to protect its currency.
For example, in 1992, the United States borrowed a large amount of US dollars from countries such as Germany and France, as well as major international financial organizations such as the World Bank, to resist attacks from international speculative capital. Otherwise, it is hard to say whether the United States would have decoupled from Europe.
Now that they are having a meeting in Brazil, Zhang Zhong's first thought is that Chen Dong wants to short Brazil.
But soon, he became embarrassed, because he realized how difficult it was to short a country's foreign exchange reserves.
"No way!" Chen Dong slowly shook his head in denial.
"Although South American countries have successively implemented a series of economic liberalizations and can freely exchange foreign exchange among themselves, most countries adopt a foreign exchange strategy of pegging to the US dollar. The best way to short a country's foreign exchange is to open your own account on IMM."
Zhang Zhong's face suddenly turned red. "Since it's not about shorting the upcoming new currency, then Mr. Chen is planning to short agricultural products, like coffee beans, soybeans, or corn?"
Brazil has a well-developed agricultural and livestock industry and is one of the world's most important production bases for crops such as sugarcane, coffee, corn, and soybeans.
They are also traded on the Chicago futures market.
"No, not at all!" Chen Dong denied again.
After thinking for a moment, he explained to everyone present: "In recent years, the United States has been developing rapidly, and South America, this country's backyard, has also developed accordingly. And in all markets, Brazil is the largest economy. The Brazilian stock market also has stock indices and futures, from which we can benefit."
Chen Dong is right; South America is very important to the development of the United States.
South America and some major economies, such as Argentina, Brazil, and Chile, have welcomed a large influx of foreign capital after their financial reforms. Most of this foreign capital originated from the United States, with Brazil alone receiving over $12 billion in foreign investment in recent years.
These funds have strengthened the economic ties between South American countries and the United States, creating a situation where they share both prosperity and adversity.
While the US economy is developing rapidly, major stock indices have all risen to some extent, so what Chen Dong said is by no means untrue.
Having finished discussing the main business, Chen Dong then chatted with them about the trade negotiations between the United States and the island nation.
The United States and the island nation have been in talks for a year over the issue of auto parts, an issue that has attracted global attention, particularly among those involved in related industries and currencies.
When discussing the trade talks between the United States and the island nation, Li Xiaoman, like a fund manager, meticulously analyzed the current situation between the two countries.
"I think the island nation will eventually give in. Although they have had several prime ministers, they are too dependent on the United States. In addition, the island nation is not in a good situation. They are essentially held hostage by those big car companies, and their strength cannot compare with that of the United States."
"Although relations between the two countries are tense now, the islanders have shown fear. I think if given a chance, they will definitely take the opportunity to back down."
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