Chapter 180 [The bears of two fiascoes summed up a lesson (guaranteed 2/2)]
The next day.
As the army of short sellers rushed to withdraw yesterday, the appreciation momentum of the RMB offshore exchange rate has also been very sustainable today, and it is picking up steadily and orderly.
The army of short sellers has withdrawn, and Lu Ming can now safely and boldly sell RMB. The offshore market also needs RMB liquidity. The key is to maintain the offshore exchange rate at a reasonable and balanced level. Sudden rises and falls are not a good thing.
Lu Ming sold off 20 billion US dollars of offshore RMB and still held 61 billion US dollars. According to the current exchange rate, it is 418.8 billion yuan, which is equivalent to accounting for about 28% of the offshore market.
Lu Ming plans to keep this money here for a long time in the future. The current time is not suitable for large-scale investment in the international market. The reason is the risk from beautiful countries.
U.S. stocks, the main investment market, cannot be beaten. If the other party uses "tickling" or "rogue" moves on you, on their home court, you really have nothing to do against the other party. The United States will just act like a rogue.
Your assets will be frozen, and negotiations between the two parties will be calculated on an annual basis. Your assets will not be confiscated but valuable time will be lost.
The current scale of funds invested in the North American capital market is around US$30 billion, which is actually not large. In the future, we will try to keep it at US$100 billion. If we make profits, we will take profits and bring the profits back.
In this way, even if the United States finally wants to freeze your assets, it will not be passive and does no harm.
However, the stable arbitrage opportunities are still in the international foreign exchange market, led by the US dollar index. The daily trading volume here is on the order of a trillion-dollar market. Even beautiful countries cannot play rogue. It is basically impossible to freeze capital accounts and clearing systems.
possible.
Because the U.S. dollar circulates around the world and is traded around the world, Lu Ming can change his vest frequently and run very fast.
At the same time, don't be too unrestrained. The amount of funds should be relatively small and low-key. Overeating is definitely not as good as eating meat all the time.
It is no exaggeration to say that Lu Ming's speculation in the US dollar foreign exchange market is simply a super stable cash machine.
Go long when it goes up, go short when it goes down, harvest back and forth, and keep the harvest during droughts and floods, it’s a joy!
…
In the afternoon local time in North America, the Sichuan University baby who won the election sent a divine assist!
The minutes of the Federal Reserve's December interest rate hike meeting were made public, which included the possibility that Sichuan University's economic policies may be inconsistent with the Fed's interest rate hike.
This news was extremely negative for the U.S. dollar, causing the U.S. dollar index to suffer a major blow. Just before this, Lu Ming successfully blocked the position and shorted the U.S. dollar with $15 billion of triple leverage.
Qi Wei, who was responsible for implementing Lu Ming's decision, was completely convinced. Bo SS really just did it a little bit, as if he could predict the future.
The U.S. dollar has experienced such a major negative impact. As soon as the news was announced, the RMB exchange rate rose sharply by %, rising from yesterday's 6.8662 to 6.7789.
This round of divine assists from Sichuan University has brought the RMB back to a reasonable equilibrium level.
At this point, this invisible currency war has truly come to an end. It has finally subsided. Wang Ju can also have a good sleep, rest assured!
Similarly, Lu Ming also lowered his attention to the foreign exchange market and shorted the U.S. dollar index. Not surprisingly, the U.S. dollar will maintain a downward trend throughout the next year and rebound for a month in February, but this is just a weak trend.
After the withdrawal is over, the price will continue to fall.
By the end of January, all short positions were closed, and he flipped long in February, and then continued to turn short. Regardless of the ups and downs, Lu Ming regarded the U.S. dollar foreign exchange market as a withdrawal right, and just made regular withdrawals.
An important reason for the weakening of the U.S. dollar in the next year is the bankruptcy of two plans to harvest rabbits, which were supposed to be harvested in 2015.
The beautiful country started taking action at the end of 2015. In addition to bringing down the RMB to consolidate the hegemony of the US dollar, another important reason is to harvest the wealth of the world, and the main target of harvesting the wealth of this "world" is that
A plump rabbit.
The most important harvest target was not successful, which also means that this time the U.S. dollar interest rate hikes, the U.S. dollar will bring wealth back to North America and the income will be limited, because the big ones have not taken advantage of it.
The professor failed in 2015.
This time it ended in failure again.
As the saying goes, it can be done again but not three times. A painful lesson learned from the two fiascos is: as long as China maintains its strong ability to intervene in the financial capital market and does not achieve complete freedom and openness in the financial market, it will be harvested by shorting the RMB.
Not established.
No matter how many times I come, I will always face the same failure.
Therefore, not long after the retreat, in the next few days, Wall Street began to accuse the other side of the ocean of excessive interference in the free market through several major European and American mainstream media. A large number of domestic public figures and big Vs began to mobilize...
…
The foreign exchange war has come to an end. At this time, Qi Wei is reporting on the finishing work related to the offshore market in Lu Ming's office. After finishing the main business, he can't help but say a digression: "...from the news in the international financial community in recent days.
It seems that the West is starting to engage in a war of public opinion."
Lu Ming immediately smiled and said calmly: "These two failures have sharpened their memory and they know the reasons for the failure."
Qiwei couldn't help but sigh: "After this protracted currency war that lasted for more than a year, I think back on how many voices of criticism came from our own people in the country, pointing fingers at the management for the exchange.
The control of foreign exchange is too strict, and there are too many interventions in capital outflows. Little do we know the dangers involved..."
Over the past year, this kind of pointing voice has convinced many ordinary people who simply do not understand the dangers involved to believe that the management's excessive interference in this area is not correct, and even provides for those who want to carry out economic plunder.
The international gangsters wanted to say a so-called "just word". Even now, this voice is still heard.
Lu Ming nodded: "Wang Ju and the others are indeed under tremendous pressure."
Qiwei said: "To be honest, I can't even imagine what the terrible consequences will be if we are forced to relax the control of foreign exchange and capital markets slightly due to the pressure of so-called public opinion. This is
It’s something that really sends chills down the spine, but luckily everything was safe.”
Hearing his sigh, Lu Ming couldn't help but joke: "Lao Qi and our conversation are a bit 'crooked'. We are capital. It sounds like we are creating a prison for ourselves."
Hearing this, Qi Wei couldn't help but smile and said: "After this currency war, I have a lot of feelings and understanding. The biggest gain is to realize that there is an essential difference between Tiansheng and the capital led by Wall Street in the Western world. If there is no
We can't go far apart."
The biggest difference between Tiansheng Capital and Wall Street Capital is that Wall Street Capital has no national boundaries and is purely based on the pursuit of profit. Although Tiansheng Capital must also pursue profits, there is a premise that needs to be adhered to, and that is
The fundamental interests of the country and nation must take precedence over the interests of Tiansheng Capital itself and LPs.
When the fundamental interests of the country and the nation conflict with Tiansheng Capital's own interests and the interests of LP, Tiansheng Capital must make way for the fundamental interests of the country and the nation, and adhering to the fundamental interests of the country and the nation above all else is the future of Tiansheng Capital.
It is the fundamental reason for being able to go further and develop more broadly.
It can be said that this benchmark is the core survival foundation of Tiansheng Capital!
Some interests must be given up, such as the real estate market. Lu Ming knows very well that even if he enters the real estate market now, he can still make a lot of money. If he really goes to Tiansheng Capital, the big trouble in the future may be late, but he will definitely not
absent.
Give up small things to gain small things, give up big things to gain big things, and never give up. This pattern is wisdom.
And there is no need to make mistakes at all. With the stable cash machine of the international foreign exchange market at hand, there is really no need to make yourself uncomfortable.
