Ancestral Wealth Inheritance System
Chapter 230: So you like to help each other out, huh?
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On the second day of the new year, the currency market of the Ous Kingdom had not yet opened, but a bleak atmosphere had already completely enveloped the building. Everyone wore serious expressions on their faces, fully aware that yesterday was just a minor skirmish; today was the real showdown!
At 9:30, the moment the market opened, hundreds of orders suddenly flooded in. It was exactly as Zhuang Ying had estimated. Not only Fang Jueyu but also many smaller forces were eyeing this juicy opportunity.
A rough estimate showed that apart from the more than $100 billion directly thrown in by Fang Jueyu, other funds exceeded $50 billion, adding significant competitiveness to this battle.
Thanks to ample preparation, the Ous Kingdom's foreign exchange reserves increased their positions, forcefully resisting this wave of offensive.
"Interesting, these people sure have an appetite. Not only do they want to take a bite out of the Ous Kingdom, but they also dare to target me?" Fang Jueyu kept an eye on the battle as the traders continuously reported the progress. Through Xiao Yi, all the key information was transmitted into Fang Jueyu's ears.
"Since they're here, let's keep them all! Throw money! Crush them!"
Funds in confrontation were originally locked in an intense struggle. Suddenly, an enormous $500 billion surged into the Ous Kingdom's foreign exchange market, instantly disrupting the delicate balance!
"$500 billion?" Snat's back was immediately soaked. Who could possibly come up with such a massive amount? Coupled with the funds invested yesterday and this wave of attacks at the opening, the opponents' US dollar reserves already exceeded $800 billion!
There are hardly any countries in the world with foreign exchange exceeding $800 billion, and this cannot be a personal endeavor. Even financial consortia couldn't manage this. Who could be so rich? Did they open a bank in the United States?
"What's going on? Where did this huge sum of funds come from? I can't hold on!"
"Hurry, get me new funds. I can't hold it!"
"It's over. I've already liquidated!"
...
In an instant, the accounts of those smaller forces were all liquidated, and the foreign exchange market was wailing. Many financial organizations trying to take advantage of the chaos were wiped out in just a few minutes.
"Host, this round of profit is good, we gained $41 billion, and only small fry are left!"
"Ha ha ha! So thrilling!" Now Fang Jueyu finally understood why the finance industry was so popular; it was simply a heaven-and-hell scenario. The victors earned fortunes, while the losers were utterly ruined—a brutal reality.
Unfortunately, the word "failure" did not exist in Fang Jueyu's dictionary, and to date, he hadn't tasted the bitterness of failure.
"Keep throwing orders. Our aim isn't these small financial organizations; the real target is the Ous Kingdom!" Fang Jueyu slapped the table.
Boom! Another heavy bomb, with Fang Jueyu holding almost $2 trillion in US dollars, a mere $800 billion was only half of it. More than ten thousand traders threw another $500 billion into the currency market through various channels.
There was an uproar in the whole market. Where did this mysterious organization get their money? How many countries' foreign exchange reserves were emptied to gather such funds? Did they steal the United States' printing press?
This $500 billion was like a nuclear bomb. The remaining international hot money, trying to hold on for a share, was instantly liquidated. They could barely mobilize a few hundred billion in US dollars at most, how could they withstand such an attack?
"Minister, that mysterious organization just threw in another $500 billion; we can barely hold on!" Traders reported layer by layer, and the news quickly reached Snat's ears.
"Another $500 billion?" Snat's back was instantly drenched. The opponent's enormous economic strength now shown was already almost indistinguishable from their total foreign exchange reserves.
"What's the current situation?" Snat asked.
"The exchange rate has dropped by 30% since yesterday. We've already invested more than 80% of our US dollar reserves. We need an immediate injection of more funds. If the opponent invests more, we won't be able to handle it!"
Ous Kingdom's total US dollar reserves are about $1.4 trillion. To withstand the opposition's attack, almost more than a trillion dollars are locked up. As long as the opponent's offensive doesn't stop, they have no way to divest!
Moreover, if several hundred billion dollars more come in, they have no way to deal with those empty orders, and soon they will be forcefully closed. At that point, this trillion dollars would lose at least $300 billion, and the remainder would also continue to be firmly locked!
"Hurry, find support, we need more foreign exchange. No matter what demands they make, agree temporarily. The foreign exchange market must not collapse!"
If a country's foreign exchange market collapses, the country's economy would essentially fall with it. International transactions are mostly in US dollars; if they run out, the consequences are obvious.
Not long after, large amounts of funds flooded into the Ous Kingdom's foreign exchange accounts again. Those countries' foreign exchange reserves weren't much either, but combined they still exceeded a trillion dollars. After all, they couldn't completely drain their reserves.
"Host, just as I estimated, several large foreign exchange capitals have now flowed into the Ous Kingdom, exceeding $1 trillion." Xiao Yi reported this news to Fang Jueyu.
"Ha ha, I knew it, the big brother got beaten, so how could the little brothers not come out to help?" Fang Jueyu chuckled, now he had over another trillion dollars at his disposal.
Up till this morning, it was true that Fang Jueyu's total funds, combined with those in the currency market, amounted to just $2 trillion. But that was in the morning, it was already afternoon now. With the vast power of the Fang Family, the funds at the hands of Fang Jueyu's traders were continually increasing!
"Let Ous Kingdom rest for a while, let's switch targets first!" Xiao Yi had long analyzed the possibility of external support and had prepared a strategy.
You all like to help each other, right? You lent all your foreign exchange to Ous Kingdom, so there shouldn't be much left for yourselves?
"Xiao Yi, among those twelve countries, which one currently has the least US dollar reserves?"
"Host, over half of those countries are from Europe and America. Most international transactions nowadays use US dollars or euros. So they don't need too much reserve; they just print more money if needed. Currently, the one with the least reserves is Vis."
"Vis's US dollar reserves are less than $300 billion now, and more than 80% of their banks are controlled by us. If we take them out, heh heh heh..."
"Ha ha ha, then let's start with them!" Fang Jueyu laughed sinisterly, "Like cooperation and helping each other, do you? Our specialty is rural encircling urban areas, breaking the surface from a point. Let's see how you rely on your claws once I've dealt with them one by one!"
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