"I think it's short-sighted people like you who should be enjoying their retirement," Chen Dong said to Lao Xu, raising an eyebrow.
"You little brat, I'll tear your mouth apart!" he said, and was about to rush towards Chen Dong.
"Stop!" Old Lin roared, his eyes wide. "What do you think this place is?"
"Guards! Guards!"
A moment later, a fully armed guard company appeared in the courtyard. The guard in the lead saluted Old Lin and said, "Huang Yao, squad leader of the first squad of the guard company, please give instructions."
"Keep an eye on them. Lock up anyone who dares to cause trouble."
"yes!"
Instantly, everyone fell silent, their faces blank with shock.
"You, you're abusing your power! I'm going to report you to Number One!"
"Stop! Who said you could leave?" With that, Old Lin looked at the soldiers of the guard company and said sternly, "Keep an eye on him. Anyone who dares to let him leave without my permission will be dealt with according to military law."
"yes."
Old Xu's eyes widened, a surge of rage welling up inside him. Being pointed at by a group of menacing soldiers with guns was more unbearable than being killed.
On the side.
Old Li, Old Wang, and others behind him also recovered from their shock and tried to dissuade him: "Old Lin, you mustn't do this, you mustn't do this. Do you know that you are abusing your power?"
"Hmph, I did abuse my power today, so what?" Old Lin ignored what the others were saying and turned to Chen Dong. "How did things go? Tell us in front of everyone."
Upon hearing this, Chen Dong remained outwardly calm, but inwardly he was secretly amused. He liked Old Lin's temper, though.
"Old Lin, esteemed leaders, you are all familiar with what has happened recently. To make a long story short, I have purchased two million tons of wheat from Russia this time. This batch of wheat has now entered the port and been loaded onto trucks, ready to be shipped to all parts of the country at any time, serving as a new round of strategic grain reserves."
"So what? Only two million tons of wheat. Humph, what can that amount do?" Old Xu was startled, but his face showed a disdainful expression.
Chen Dong chuckled upon hearing this, "Two million tons of wheat is indeed not a lot, but don't forget, it's already July, which means that the wheat produced in China has already been harvested."
"I think these two million tons of wheat should be enough to last until then."
“That’s right.” Old Lin showed a satisfied expression, and the expressions of the others also changed.
If what Chen Dong said is true, they can indeed hold out until the wheat harvest and the grain is turned over to the national treasury. In fact, ordinary people are the most pragmatic group of people. Seeing the news of a bumper harvest and mountains of wheat, they probably wouldn't believe the rumors that food supplies are not guaranteed.
This rumor will naturally be debunked by the truth.
Old Xu was still not giving up and said loudly, "China's wheat production is not small, but its annual consumption is even greater. We need to import tens of millions of tons of wheat from abroad every year to meet the domestic wheat shortage. This year, international wheat prices have risen so much. Who will pay for this? It's the people and the country."
Upon hearing this, it seemed to make sense, and Lao Xu couldn't help but praise himself for his cleverness.
Upon hearing this, Chen Dong sneered, "I wasn't wrong to call you short-sighted. Data shows that this year's global wheat harvest is abundant. Compared to the same period last year, wheat production in the United States, Australia, and India has increased by 7%-11%. However, the price of international wheat futures has risen by 132%. Such an obvious price inversion is something you think is perfectly reasonable. It's really laughable."
"Are you telling the truth?" Old Li asked from the crowd.
"This data is easy to find, why would I lie?" Chen Dong continued expressionlessly, "On the contrary, I'd like to ask you, what are you up to by constantly obstructing the government from selling off its grain reserves to stabilize domestic wheat prices? Or have you taken bribes from the four major grain traders?"
"You're spouting nonsense! You're talking utter rubbish!" Seeing the stares of the crowd, Old Xu said anxiously, "Everyone, please don't believe him. Don't you all know who I, Old Xu, am?"
As he spoke, he looked at Chen Dong and sneered, "But international wheat futures are currently at a high level, that's a fact, and no matter how eloquent you are, you can't change that."
Just then, Secretary Wang ran over excitedly and whispered a few words in Old Master Lin's ear. Under everyone's gaze, Old Master Lin's expression changed several times in just a few seconds.
"Haha, that's great."
Then, Old Lin looked at everyone and said loudly, "I have good news for everyone: the September wheat futures contract has fallen by 6%, which means..."
“All the long positions in international wheat futures are retreating.” Chen Dong picked up where Lin left off and continued, “Not only that, we can also short wheat in futures contracts, and at the same time, buy a large amount of wheat in the form of spot at the bottom of the price, thereby truly achieving wheat security.”
"How is this possible?"
As soon as Chen Dong finished speaking, everyone looked incredulous. No one believed that such a reversal could happen in just half a day.
"Nothing is impossible. The financial market is constantly changing. If you don't even understand this principle, how can you say that international wheat futures prices are at a historical high? Wouldn't that make you a laughing stock?"
"You..." Old Xu felt his blood rush to his head, then everything went black, and he knew nothing more.
"Old Xu, Old Xu."
"Old Xu, what's wrong? Someone come quick! What are you waiting for? Doctor, doctor!"
The scene was in complete chaos. While giving instructions, Old Lin glared at Chen Dong, as if to say, "Look what you've done!" Chen Dong was completely bewildered, thinking, "I didn't do anything!"
With the help of several guards and a doctor, Lao Xu quickly regained consciousness, but his complexion was still very bad.
Seeing this, Old Lin ignored him and looked at Secretary Wang, asking, "What you said just now was true."
“It’s absolutely true. An official from the Hong Kong Monetary Authority just called to say so. You can also call them yourself.”
Upon hearing this, Old Lin nodded, assuming that Secretary Wang wouldn't dare to joke about this matter. Then, he looked up and saw Chen Dong secretly laughing. He frowned and asked, "What are you laughing at? How dare you laugh?"
Chen Dong shrank back and said, "Old Lin, it's not my fault. Who knew he would be so fragile?"
"You still dare to talk!" Old Lin's eyes widened.
"Fine, I won't say." Chen Dong didn't want to dwell on the matter any longer and changed the subject, saying, "The four major grain traders have started to close out their positions in international wheat futures. This is the perfect opportunity for us to strike while the enemy is down. If we operate properly, the price of international wheat futures will fall to two-thirds of last year's level within half a month, or even lower."
These words were spoken.
Everyone turned their attention to Chen Dong.
Old Lin asked in surprise, "You did this?"
"Otherwise what?" Chen Dong shrugged, his expression seemingly indifferent, as if he had done something insignificant. But he had no idea how damaging his words were.
......
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