Inside the exchange hall, everyone felt like they had just been on a rollercoaster, their hearts pounding. Those who had just entered the market with 90% leverage were now stunned. Their capital had plummeted from 37 to 26, wiping out their principal. To prevent further losses, the leveraged investors had liquidated their assets when the price fell below the support level.
Futures trading is so exciting; you can go from being a millionaire to a homeless person in just a few minutes.
"Bookmaker! Bookmaker!!!"
Some people at the scene shouted indignantly, saying that such a transaction was clearly illegal.
Due to excessive volatility, tungsten ore futures trading was suspended a few minutes later, with the increase capped at 33%.
Lu Feng doesn't care about futures at all. He's currently swamped with other things, like how the lithography machine still hasn't been shipped back, not to mention Feng Zhiyao, who's completely useless.
Just when he was at his wit's end, a phone call came in. Lu Feng answered the phone and asked, "Who is this?"
"Hello, young Lu Feng, I apologize for calling you, but I'm a fund manager at a Wall Street firm. My name is George Soros." Soros's voice came from the other end of the phone.
Lu Feng was taken aback when he heard the name, and asked in English, "Why are you calling me?"
"Do you know that a large number of financial reporters are heading to your location right now? Today's tungsten futures market is quite interesting. I don't know what your relationship is with the Schroders Group, or what your purpose is. I'm calling you to simply discuss a transaction, a very pure transaction." The voice on the other end of the phone was very calm.
“Okay, then I’ll state my demands. First, the U.S. Maritime Safety Administration must return the goods that were illegally seized from us. Second, the sanctions and blockade against us must be lifted.” Lu Feng asked, “Is this a reasonable request?”
"No! I'm not talking to you about this deal, but about money. When I need you to resume tungsten production, you announce to the public that production has resumed and increased, and I can guarantee that you will make the most money."
Upon hearing this, Lu Feng couldn't help but scoff and said, "This is insider trading, which is illegal."
"It's pointless for me to talk to you about money and you to give me explanations. I hope you can release signals that support a bullish stance on tungsten futures in today's interview. Otherwise, we will use other methods to achieve our goal," the voice on the other end of the phone said calmly.
"You don't need to say all that. I still have the same two conditions. I know you guys are all in the same circle. I hope you can pass on a message to me, otherwise, I'll suddenly stop production and then suddenly increase it again. That's it." Lu Feng finished speaking and hung up the phone.
Soros didn't expect this young man to be so disrespectful to him. Not only did he disrespect him, but he also disrespected his money, which he found hard to understand.
If a person isn't solely driven by money, then it's driven by ideals and beliefs.
But then I thought about it again, what kind of spirit is it for a Chinese person to uphold British ideals and beliefs?
He couldn't figure it out, but he still called Lambert and explained the situation. Lambert was speechless after hearing all the roundabout analysis. All they wanted was the lithography machine, and these people had to overthink it.
However, things are not something Lambert can decide on his own. The person in charge of the strategic department for China is Watanabe Shi, who is responsible for Goldman Sachs' monitoring, analysis, and reporting of private finance.
Goldman Sachs appears to be a private company, but it has a very close relationship with the Federal Reserve. The Federal Reserve is not a department of the United States; Goldman Sachs is, on the surface, a private company.
To put it bluntly, their departments all have one set of rules in public and another in private.
Although Watanabe works at Goldman Sachs, he is actually doing work for the US government. However, when he makes a mistake, he claims it's a corporate issue, which gives him the air of a temporary worker.
Watanabe Shi snorted coldly after receiving the news, showing great disdain. Whether the futures market crashed or not had nothing to do with his work. As long as he kept Jiafeng Group under control and prevented it from moving towards high-end manufacturing, and incidentally suppressed his hometown, his work would be excellent. He would just submit a financial and manufacturing analysis report on various Asian countries every few days, and that would be his job.
However, since these big shots had all spoken, he still had to make a phone call. Watanabe glanced at the clock on the table and dialed Lu Feng's number.
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