After reading it over, I found a lot of suspicious clauses, but the wording is very vague. I think there is something wrong with it, which is just a subjective and malicious speculation. Although based on the virtues of the Japanese, it can be said that they are pretty much the same, but more evidence is needed.
, the situation can be used as support.
However, Lin Mo does know why the market firmly believes that Yokohama Shokin Bank is its backend, and even says that it is the branch, sales department, etc. of Yokohama Shokin Bank, because the mortgage note clearly states that the relevant mortgage loan
Some business exchange services are provided by Yokohama Shokin Bank, and Yokohama Shokin Bank reserves the right to pursue actions such as fraud and embezzlement.
This means that what the mortgage loan lent to the bank may still be silver dollars. However, the other party did not indicate it, but said that the exchange service was provided by Zhengjin Bank. At least it means that it did not directly lend Japanese yen, but lent it out.
Later, he helped you change from Zhengjin Bank to Japanese yen, but they may have signed some agreements behind the scenes, so you don't need to go through it in person, they just give it to you directly.
He is good at cheating and evading the important. If he hadn't read it carefully one by one, suspected a problem and had a general understanding of the tricks involved, it is estimated that after seeing this, he would probably just follow the rumors on the market and think that the yen only comes from Zhengjin Bank, not from Zhengjin Bank.
Is there anything else going on in the middle?
In doing this, one estimate is to use Zhengjin Bank to provide the Japanese government with reasonable excuses to protect its interests through intervention, interference, pressure and other means when necessary. After all, the location is nominally the Chinese border.
It has jurisdiction, but the business is very borderline, and it is suspected of taking advantage of the loopholes, so it is still necessary to have a backup plan.
On the other hand, Lin Mo suspected that the other party was also involved in the Yokohama Zhengjin Bank. By using the other party's special government background and status, he was able to drag the government into trouble when he exposed the scandal, so as to recover or even obtain greater benefits.
If there is such a reason, then the identity of the person who manipulated this matter is not simple! If he dares to do this, and can still silence the Shanghai Yokohama Zhengjin Bank Branch that took the blame, he must have a lot of background! Lin Mo thought
, it’s a pity that I don’t know who it is at the moment.
In addition, this point should be consistent with other plans and other tricks in the terms, and the subsequent pursuit of rights is also unclear, such as infringement of property, what kind of property is infringed? Does not paying the money count? Pursuance
What is being pursued? Is it punishment, or is it seeking money? The other party obviously leaves enough room for quibbles and arguments in the terms, not to mention that there may be other terms behind it. It can only be said that there must be bad intentions.
After Lin Mo went through it again to check and fill in any omissions, he confirmed that there were no omissions. He deliberately ordered the relatively time-consuming dishes before, but now he also prepared them and brought them to the table. After greeting Wang Yousheng, Lin Mo took the waiter and handed them to him.
Let’s start eating our rice bowl directly.
"Are the two eldest brothers money speculators?" The waiter is relatively young, probably less than twenty, and it is not the time to be busy with meals. He saw the contract that Lin Mo put aside casually, and he quickly served it.
And asked curiously.
"You also know this?" Lin Mo asked back, looking at the other party curiously.
Seeing this, the waiter smiled and said: "The place where this thing is bought and sold is not far away! There are many people speculating on this, and there are usually many people speculating on this in the store. I have heard about some of them."
"...There are indeed a lot of people..." Lin Mo nodded and said: "There are people everywhere over there now. I couldn't find a place to sit to avoid the sun, so I had to run this way."
Seeing that Lin Mo never said what he wanted to know, the waiter suddenly became a little anxious. He pointed at the contract and asked, "How much is this thing worth? Isn't it expensive?"
"...This..." Lin Mo deliberately delayed, and then said with a smile: "This contract transaction involves one thousand ounces of silver, and the silver content is approximately equivalent to about 1,200 yuan of good-quality ocean. You can simply understand
Cheng is buying and selling 1,200 ocean dollars. But if the price you mentioned is not that expensive, it would only be around 100 dollars in ocean dollars!"
"...Ah..." The waiter stared for a long time with his eyes wide open before he realized what was happening. He said with some disbelief: "For a hundred dollars, you can buy a thousand, twelve hundred dollars. This is... too profitable... it's impossible, right?"
?Don’t lie to me?”
"You also said it's impossible. How can one hundred oceans buy more than one thousand oceans? That one hundred oceans is the value of this contract. Only if the price of silver rises, it can be sold for more than one hundred oceans.
, after selling and subtracting the hundred yuan I paid, the remaining few yuan is what I can earn."
Seeing that the waiter looked confused after hearing this, Lin Mo continued with a smile: "You are stunned! Let me give you an analogy. You give an item to a pawn shop and mortgage it for 100 yuan. If this item is in
The price outside has increased, it's worth 200 yuan, you sell the pawn order at a higher price of 100 yuan, plus the 100 yuan you pawned at the pawn shop, it's 200 yuan, so you make a profit of 100 yuan.
The one hundred yuan I paid for this flower is equivalent to the one hundred yuan you sold it for. If I want to redeem the thing, I need to give you the one hundred yuan you gave away, which is equivalent to spending two hundred yuan to buy it.
You haven't earned a penny from this thing. You can use this contract as a pawn, and I still need to spend one thousand two hundred to redeem the silver.
But if the price of the thing you pawned has been reduced, and it is only worth 90 yuan, then if you redeem it for 100 yuan and then sell it, you will still have to pay ten yuan.
Yuan, will anyone still buy it at that time? The pawn order will become useless paper.
The same goes for ours. It is now worth 1,200 plus the 100 we paid, which is 1,300. If the price drops to 1,290, I can only sell it for 90 yuan and lose money.
Ten yuan, if it is only worth one thousand one hundred, I will have to pay one hundred yuan if I want to sell it. I won't sell it, and this thing will become waste paper."
"...Oh..." The waiter in the shop responded somewhat confusedly. Although Lin Mo had already spoken very plainly, he still couldn't figure it out for the moment. Lin Mo took the things with great interest and demonstrated them to him before letting him do it.
Understand the big picture.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Now you understand! There is no such thing as buying a thousand dollars for a hundred dollars, don't think too much and don't have any thoughts. If you do this,
If you don’t understand that if you buy it and hold it in your hands, you never know if it will turn into useless paper one day, and the pawnshop owner will shamelessly come to your door and ask you to pay back money to make up for his losses.”
"...Oh..." The waiter nodded in a daze. He didn't know if these were different from what he thought, or something else. He didn't know if he heard them, but that was all Lin Mo could remind him. Others
I'm not going to say much.
After the waiter left, Wang Yousheng talked about his observation and found out nothing. However, Lin Mo was not surprised. He asked Wang Yousheng to keep an eye on him for a while, mainly to see if there was any secret arrangement behind his back.
After eating and understanding a lot of things through the terms of the contract, Lin Mo returned to Lanweimai Road and visited a tea club, a mortgage bank, and various restaurants on Lanweimai Road.
He still acted like a newcomer, but showed a little more understanding of investment speculation. He pretended to be anxious and uneasy after buying the contract, took the opportunity to contact many speculators who liked to talk, interrupted, bragged and farted, and inquired by the way.
All kinds of news.
He really discovered a new situation, related to opening a new contract. The contract here allows for mortgage loans when the silver price is low. He can go to the bank to rewrite the contract at a slightly lower price than the current silver price, and then lend more.
funds.
Of course, the value of the contract after the rescheduling will be affected. After all, the interest has increased, and the selling price of the contract is the silver spot price minus the contract silver price minus the contract interest. It may even have to drop a little further. After all, this is not a spot delivery.
All contracts require a slight discount. In the actual transaction of the contract, the discount will be about half a point based on the current price of silver.
However, this move is still very tempting for speculators who do not trade contracts very much, but want to lend a large amount of funds and use crazy leverage to hold more silver. However, there are not many such outliers, and they can be regarded as crazy bets on the red.
An eye-catching gambler.
Ordinary speculators, speculators, are a combination of fanaticism and worry. They want to give up when they see good results, but are afraid of selling on the mountainside. They feel passionate before buying, and worry, worry, and fear after buying. The behavior of these people is affected by various factors.
This short-term emotional influence dominates, so the overall turnover rate of the contract is not low.
However, Lin Mo saw other problems, because it was completely possible to repay the contract first, take out the mortgage money, and then operate it. He did not believe that these Japanese would provide convenience for the sake of their prey, so he did not want these people to be so
Behind the action and unwillingness, there is a high probability that he is hiding something fishy. This situation roughly supports some of his guesses.
Because there is collateral and the contract is bearer, there is no need to exchange the contract at the lending bank when selling a silver mortgage contract. The contract is similar to the sale of certificates of deposit and bearer bonds, but as a lender, if the price of silver falls,
After the contract price interest is exceeded, the contract holder will not perform the contract and repay the loan, and the lender still does not know who the holder is and whom to go to.
In addition, there are still loopholes in this method. For a mortgage with a large amount, if the contract price is very close to the current price of silver, it means that this huge mortgage is very cheap. A person who may not have much money on hand can also
Spending a small amount of money to hold it will increase the leverage many times, and once the price of silver falls below the contract price, its value will be negative. This person does not think about it or not, but he does not even have the ability to perform the contract normally.
The money will become useless paper and there will be no possibility of repayment.
No one will perform the contract, which means that the loan cannot be recovered. Naturally, this is not a risk that the Japanese are willing to take. It only shows that there is a high probability that they are trying to mortgage the bank.
But it stands to reason that the lower the silver price when they lend, the lower the cost of owning the mortgaged silver. Why would they actively provide facilities to increase the mortgage price? It shouldn’t be someone else who wants to repay the loan in advance, withdraw the silver, and then offset it.
Are you using excuses such as undue deadlines to delay? What's so tricky about this?
Could it be that you think the price of silver will not fall that low, or that you think the price of silver will not fall that fast, and you are worried that a fall in the price of silver will cause a run on too much silver? That’s not right. Even if this happens, the proportion will be very high.
Low, because those who gathered here are mainly speculators. These people have added an unknown amount of leverage, and most of them probably have no redemption ability.
Moreover, Lin Mo roughly estimated that this plate is too big. Even if there are foreign exchange merchants, trusts, etc. who spare no effort to provide funds, it is estimated that they will not be able to support many shares. Moreover, the price of silver has fallen. If you redeem it, it will not be silver anymore? Isn’t it still silver?
Falling? It is better to sell it as soon as possible and exchange it for other currencies, lock in profits or even go short in disguise!
Since speculators did not have a strong intention to redeem at that time, why did the Japanese pay more for it? All unreasonable things can be regarded as fishy, but now Lin Mo has been vaguely aware of this.
