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Text Chapter 1533 Silence

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    Among the various futures trading in the world, oil and metals are undoubtedly the two most important indicators.

    Oil as a product can be compared with gold, silver, copper, aluminum, zinc and other metals combined. This shows how important oil is.

    In fact, this is also true. Petroleum is not only the source of power for various machines. There are more than 5,000 kinds of products derived from it, which have already penetrated into every aspect of people's lives.

    Because of such importance, people who can make all the difference in the oil futures market have always been considered international financial giants.

    In a small test last year, everyone just thought that Xiao Qi defeated Merrill Lynch and Goldman Sachs through luck.

    But now Xiao Qi¡¯s bet is even bigger for the second time. The huge ¡°Gamble of the Century¡± worth 5 billion US dollars has directly singled out several major Wall Street investment banks.

    No one was optimistic about Xiao Qi at the beginning, especially during the severe subprime mortgage crisis in August, when oil continued to fluctuate violently. Everyone thought that the price of oil would fall from US$78 to US$30-50 a few years ago.  level.

    At that time, Xiao Qi repeatedly made statements in the American media and repeatedly provoked the Wall Street elites in the United States, which triggered a series of crusade.

    If it weren¡¯t for Xiao Qi¡¯s well-known titles such as ¡°Father of Intelligent Electronics¡±, ¡°The World¡¯s Most Genius Youngster¡±, etc., I¡¯m afraid the American media would have banned him long ago and would not be willing to start a verbal war with this person who is doomed to fail.

    Unfortunately, Xiao Qi is not destined to fail.

    Once September entered, the terrifyingly stable rise in oil prices left countless analysts and newspaper commentators speechless.

    At this time, the media dug out Xiao Qi¡¯s previous remarks and realized how correct this young man was.

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    Mr. Reuben is also the chairman of Reuben Capital on Wall Street. His self-deprecating words best represent the complex psychology of Wall Street elites.

    "I will no longer comment on this genius boy's keen intuition on oil. In fact, I am also stupid. How can someone who can face Gang Leader Qiao not fall behind, but make Gang Leader Qiao succumb conditionally, how can he be like this?  Is it easy to be defeated? Although I am disappointed, I am a little lucky. Fortunately, I am not Goldman Sachs, Merrill Lynch, Citigroup, Lehman Brothers and Bear Stearns I don¡¯t have to be sad about the huge loss of intangible assets, let alone real money.  Silver lost $1 billion and was sad, what a good news!¡±

    All right.

    The four major investment banks and one major bank are once again on the defensive.

    ??In fact, it can¡¯t be considered lying down.

    Because they attacked Xiao Qi the most severely some time ago.

    But as Bear Stearns struggled in August.  It seems that bad luck can be contagious. In the next two months, these investment banks and banks are all busy dealing with their own banks' subprime loan debts. Where do they have time to talk to Xiao Qi about something that is only worth 10  A billion-dollar bet?

    But they didn¡¯t have the energy to continue the confrontation with Xiao Qi, nor did they have the confidence to continue arguing with Xiao Qi in the distance.  But it doesn't mean that others don't have the intention to dig out the bottom line.

    The United States is not monolithic. The financial giants on Wall Street have many enemies.

    When everyone cooperated with the remarks of the chairman of Ruben Capital and listed the various battles between Xiao Qi and the five enemies in the past six months on paper and question boards, everyone discovered that these investment banks and  Banks are so desperate.  Xiao Qi led him by the nose every step of the way, without any ability to fight back.

    Of course, when they say these things now, there is a lot of hindsight.

    At the beginning, many media and financial analysts happily said, "The genius boy has sent money, and the U.S. investment income tax will increase significantly."

    But in this world, heroes are judged by their success or failure.

    If Xiao Qi wins, then he is right in everything.

    If the four major investment banks and one major bank lose, then everything is their fault.

    Although it is oil futures for delivery on December 31.  But according to the current trend, I am afraid no one will doubt whether Xiao Qi can win.

    The only difference is whether the oil price can break through to 100 US dollars, and whether Xiao Qi can win 5 billion US dollars!

    "However, people in Bear Stearns are not in such a good mood to enjoy the scenery.

    Because of the continuous collapse of several funds, Bear Stearns¡¯ assets suffered massive losses.  Many investors hope to redeem the fund, and would rather redeem their principal at a loss, which makes their cash more valuable.?? Adding insult to injury.

    Although they can try to avoid a collapse by borrowing, deferring, charging loss fees, etc.  In other words, it prolongs the collapse, but money is not so easy to borrow. Even among peers and shareholders, it is difficult to borrow money-who is willing to lend money to someone who looks like it will be wasted?  Company?

    In this case, the 1 billion gambling funds they froze in the bank half a year ago are particularly important.

    But the gambling agreement given by Xiao Qi was very strange. He seemed to have anticipated the subprime mortgage crisis. He used DreamPad shares as collateral for Citibank and JPMorgan Chase, but he did not allow his five major enemies to use their shares as collateral.  , but let them take the cash.

    Several investment banks and banks originally did not want to do this, but since the gambling agreement was set by Xiao Qi, whoever accepted it was eligible to participate in the gambling, so they had no way to control it and could only put the money in Citibank and Morgan  Chase.

    It is worth mentioning that although Citibank also participated in the bet, it also deposited 1 billion into a special frozen account, and it cannot be withdrawn. They still have this professional ethics.

    In an urgent need of money, Bear Stearns asked Xiao Qi through Wade from Citibank whether he could use shares as collateral instead, and then asked them to withdraw US$1 billion first to meet the urgent need, but Xiao Qi thought  I refused without wanting to.

    Are you kidding me?

    Bear Stearns will be finished in March next year. In the end, it was acquired directly by JPMorgan Chase. Its shares plummeted from 61.58 US dollars to 4.81 US dollars in just 5 days. For such a strange company, Xiao Qi held its shares.  Just looking for death!

    Speaking of which, the gambling agreement was so cruel. Xiao Qi¡¯s rejection of Bear Stearns was to push them to the brink of bankruptcy.

    But Xiao Qi didn¡¯t feel any guilt at all. Along the way, Bear Stearns had harmed countless companies. Xiao Qi had no pressure at all to harm them.

    It would be better if the whole world were rid of such culprits that destroy the real economy!
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