America's Road to Wealth

Chapter 170 Authentic Wall Street Flavor

Abel was not surprised at all by the return of these Wall Street giants.

For people on Wall Street.

The only thing I can't stand is not making money.

As long as you can make money, everything else is secondary.

Even if you want him to kneel down and bark like a dog in front of you, only you can obtain enough benefits for him.

I guarantee you can make these guys scream happily at your feet.

This is Wall Street, a world where money comes first.

The first person to come to Abel's side was Philip Purcell, CEO of Morgan Stanley, who had spoken the most decisively in front of many Wall Street giants just now.

And as soon as Philip Purcell came up, he said to Abel who was talking to Robert's grandson:

"Mr. Smith, I agree with your $500 billion offer just now. However, this offer can only be accepted if there are preconditions."

Robert, who was chatting with Abel and also wanted to buy some private equity funds from Smith Capital, was stunned.

Peggy, who was accompanying her grandfather next to her, was also startled.

Both grandfather and grandson heard Philip Purcell's confused words.

Especially the figure of "five hundred billion U.S. dollars" mentioned by Philip Purcell made both of them stunned.

Five hundred billion dollars?

What is this concept?

Are you discussing the GDP of a small or medium-sized country?

Or are they discussing the funding of the US military this year?

Philip Purcell also noticed the existence of Morgenthau and his grandson.

The CEO of Morgan Stanley nodded to the Manhattan District Attorney as a greeting.

The latter responded immediately, while hesitating whether he should leave.

Because it looks like next Abel will be discussing that $500 billion with Philip Purcell.

Robert didn't know if this was a trade secret, but he was a little curious about what the $500 billion they were talking about was.

Robert also noticed that the two of them didn't seem to be too shy about their opinions.

The old man simply pulled his granddaughter back a step, but did not leave.

Five hundred billion dollars.

Or the conversation that took place between the super-popular Abel Smith and the CEO of Morgan Stanley.

Even as the chief prosecutor of the Manhattan District, Robert was also curious.

Abel responded to Philip Purcell with a smile.

"And on what terms. Mr. Purcell."

Philip Purcell said: "It's like a gambling agreement, and it's like a guarantee agreement."

At this time, another voice sounded in the small circle.

“Berkshire Hathaway thinks so too!!”

It was Buffett who walked faster. He came to Abel faster than Paulson and Richard Fuld.

Robert and Peggy were even more surprised after seeing Buffett's arrival.

Paulson and Richard Fuld, among others.

They all gathered around Abel again.

Including Davis Brown from the Texas Consortium, who didn't say much just now.

Only the old men like Morgan and Rockefeller didn't come over.

The two old men were on the other side, forming another circle.

But these Wall Street giants were able to come to Abel so quickly.

It's most likely related to the two of them.

Robert was wondering whether he should take Peggy away.

Because here, it seems like there is some big business event to be discussed.

So many Wall Street giants, and that figure of $500 billion.

Robert felt that there was something wrong with his grandfather and grandson staying here any longer.

At this moment, Robert saw Abel surrounded by Wall Street giants, but not only did he not respond immediately to these giants.

He actually reached into his pocket and took out a cell phone.

Then Robert heard Abel laugh and say:

"Oh, there are about two minutes left. I would like to ask you, can you talk to me about this issue again after two minutes?"

"What do you mean, Mr. Smith? Why wait two minutes?"

The bulldogs of Wall Street charge harder than anyone else.

Richard Fuld spoke again.

Abel really didn't like him.

Abel felt that it would be better for Lehman Brothers to fail in the future.

With such a CEO, it would be unreasonable not to fail!

"Two minutes. Oh, more than ten seconds have passed. That's probably only more than a minute." Abel said patiently.

"Since you are interested, come and see me. Then you can afford to wait for the remaining time, right?"

"Oh, there's only a minute and a half left, just wait a minute, everyone."

The dozens of Wall Street giants who gathered around him didn't know what kind of medicine he was selling.

But fortunately, it only took a little time, and everyone was really waiting.

This allowed Peggy and her grandfather to see a magical scene in front of them.

That's the kind of people who make all the difference outside and show up at any cocktail party.

They will all become the most popular guests at the cocktail party, high-profile Wall Street giants.

At this moment, everyone was extremely quiet, but they were all staring at Abel with strange eyes.

Compared with the lively cocktail party outside, this small circle.

For more than a minute, it was as if the silence button had been pressed.

Except for the occasional person who raised his hand to check the time, no one really spoke.

I was really waiting for the minute or so that Abel said.

Looking at this scene, Robert couldn't help but sigh: He's only twenty years old! What will happen when he reaches my age?

Thinking like this, Robert couldn't help but look at the beautiful granddaughter next to him.

At this time, Robert suddenly felt that it would be really good if Peggy married him.

"Huh~"

More than a minute passed quickly, and Abel let out a breath.

He smiled and said: "The time has come. Everyone can call now to inquire about the real-time exchange rate of the US dollar."

Hearing what he said, everyone who had been silent for more than a minute felt a little strange.

Just as Richard Fuld was about to speak, Bryn Bully beside him suddenly grabbed him.

The CFO of Lehman Brothers whispered in the ear of his CEO:

"Something big happened over there in Scotland!"

Richard Fuld was startled, "What's wrong?"

"Irish GH Army!" the CFO said softly:

"They attacked Queen Isa's car! They tied a car bomb, the car bomb exploded, and the Queen's car was blown to pieces!"

Richard Fuld was horrified.

This is not because he loves Her Majesty the Queen and is concerned about Her Majesty's safety.

Rather, such big events can often quickly affect the global financial market and quickly evolve into black swans that can be large or small.

"What about Queen Isa?" Richard Fuld asked immediately.

What Bryn Buley just said was that the Queen's car was bombed.

In fact, this is not bad, the impact can be controlled.

But if..., then things will get lively.

"Not sure. But the pound and the euro have fallen in response!"

Bryn Bulley said softly.

Have the pound and euro fallen?

This is normal, after all the Queen’s car was bombed!

This is already a big deal in Europe.

But wait, the pound and the euro are down.

The dollar always strengthens.

That.

Richard Fuld reacted instantly and looked at Abel.

Abel just said, let everyone check the current real-time exchange rate of the US dollar.

As soon as Abel finished speaking, such news came from Europe.

The pound and euro fell instantly.

Madfak!

It couldn't have been him who caused the explosion, right?

Richard Fuld's mind suddenly became confused, and he immediately asked: "Where is the U.S. dollar? What is the current trend of the U.S. dollar?"

"It's gone up!" Bryn Buley said anxiously.

As soon as the British pound and the newly born euro fell, international funds would choose to avoid risks.

At this time, the relatively strong Japanese yen and US dollar will subconsciously become their choice.

As soon as safe-haven funds arrived, the yen and the U.S. dollar immediately rose.

A rise in the U.S. dollar, if the magnitude is not large under normal circumstances, will have little impact on the world or the United States itself.

But the key is

The U.S. dollar has been going bearish for a week now!

This trend is mostly due to human factors.

The people who caused these man-made reasons are some forces on Wall Street, led by the four major investment banks.

Richard Fuld immediately said anxiously: "Immediately order the personnel on duty to suppress the rise of the US dollar!"

This time due to the strength of the pound and the numerous sluggish US economic data released.

The U.S. dollar has been bearish for more than a week.

There are too many companies on Wall Street, taking advantage of this "east wind", to quietly short the US dollar and go long other currencies.

Under the general trend, the U.S. economy is generally doing well now.

The US dollar was still suppressed.

Zipperton, who was already preparing to step down, was very dissatisfied.

The labor and management are about to leave the field and leave. Why do you want to do this to me now?

But there was nothing he could do.

When you're doing things on Wall Street, why do you, the owner of a white house, need to be so meddlesome?

When we have a problem, just come out and wipe our butt!

However, most of this suppression and negative impact on the US dollar is actually a false black swan created by Wall Street.

As long as nothing goes wrong, this black swan can give everyone a small meal.

Similar small black swans are created several times every year on Wall Street.

If there is no black swan, a black swan will be created for you.

But one disadvantage of this false black swan is that it is easily affected by the international situation.

The international situation has not changed much, so that's okay.

The international situation has changed, and it will be reflected back to the United States.

It is very likely to cause the collapse of this false black swan.

Like now, this is happening in Scotland.

Only the pound and the euro were affected, but the pound and the euro fell.

As soon as international safe-haven funds arrive, the U.S. dollar will rise accordingly.

Normally, it goes up when it goes up and has little impact.

But now everyone is ready to eat meat. The meat has been thrown into the pot and is almost cooked.

As a result, a wild boar named "International Hedge Fund" rushed next to him and was about to overturn the meat in the pot.

How can people on Wall Street not be anxious at this time?

Just like Stanley O'Neill at Merrill Lynch.

These Wall Street giants have basically placed bets on the shorting of the US dollar.

The difference is just the amount of money bet.

The decision made by Richard Fuld is similar to that of several giants around him.

This time, there are giants who are shorting the US dollar. They are already contacting their subordinates to suppress the US dollar and ship goods at the same time.

This was also seen by Robert and his grandson.

The Wall Street giants who had just been silent for more than a minute at Abel's request.

After more than a minute of silence.

One by one, they started making phone calls in a hurry.

From quiet to noisy in just a few minutes.

Fantastic.

This scene made Robert and Peggy feel strange.

It made the grandfather and grandson feel as if these giants were being led forward by Abel like Abel's marionettes.

Among the whole audience, Buffett's performance was not so unbearable.

He plays value investing and prudent investing, not such things.

The rise and fall of the U.S. dollar does not matter much to Buffett, who has not entered the market.

But he can still receive this kind of international news in an instant.

Buffett smiled and said: "Ah, it seems everyone is busy."

Abel also smiled and said, "Who says it's not the case?"

Buffett took a deep look at Abel.

Could it be that the stock god has a bold guess in his mind?

That's what happened over there in Scotland. Could it be related to Abel?

Otherwise, how could it be such a coincidence. Abel asked everyone to be quiet for two minutes.

After the two minutes of quiet time, such news happened over there.

If Abel didn't know about it, then this coincidence would be too coincidental.

It's such a coincidence that there's no way to explain it.

But if Abel has contact with the Irish GH Army.

That's too ridiculous.

Buffett has already investigated Abel's background and origin.

An Anglo-Texan, an American, and an elite on Wall Street, how can he have no connection with the Irish GHJ?

Maybe Abel has some secret channel there?

Buffett fell into confusion and contemplation.

But this also made Buffett realize that Abel did not seem to just have a strong talent in investing.

Next, the development of the situation made the atmosphere more subtle.

Just now, when these Wall Street giants were trying to suppress the US dollar exchange rate.

There are bulls in the market and they are attacking the bears.

Under the leadership of this bull, international safe haven funds found a gap.

More bulls formed.

The dollar has been falling for a week on the back of these bulls.

Still raised his head completely.

It doesn't matter if it raises its head, as soon as it raises its head.

Those short-selling investors who used relatively high leverage ratios were immediately liquidated.

The situation collapsed, and Philip Purcell and the others could no longer sit still.

Richard Fuld couldn't bear it at first. He said directly to Abel:

"Sorry, Mr. Smith, I have to go back to the company first."

With billions of dollars of investment involved, Richard Fuld was not in the mood to understand why it was such a coincidence.

What they care about now is how to stop losses in time.

As for whether Abel had anything to do with this matter, that is a matter for later.

"Please~" Abel smiled.

Richard Fuld and the Lehman Brothers scurried away.

Philip Purcell and others also quickly left.

The Wall Street giants who had just gathered around wanted to inquire about quotations and bargain with Abel.

Suddenly there were about ten missing.

The circle became somewhat quiet.

The two sons and grandsons of Morgensuo, who were watching the whole process, looked a little baffled.

At this time, Robert heard Buffett whisper to Abel: "Does it have anything to do with you, sir?"

"How is it possible, sir? It would be great if I were that powerful. But what happens next has to do with me."

"oh?"

"Warren."

Robert and Peggy heard Abel call Warren Buffett's name directly without any politeness at all.

"Um?"

Buffett doesn't seem to mind.

"You didn't notice. Didn't I invite people from Citigroup and Wells Fargo tonight?"

"Well, I didn't pay attention to this. But now that you say it, I find that it seems to be the case."

"What I want to say is that it's not that I have a bad relationship with Citigroup and Rich World." Paige heard Abel say with a smile.

"I quietly mortgaged all my properties in Los Angeles, including Marvel, MGM, etc., to Citigroup and Wells Fargo.

"There is also my personal credit as collateral."

"I obtained a total of US$3 billion in hidden loans from these two banks."

"Since three days ago, I have used these three billion U.S. dollars to mobilize 20 billion U.S. dollars of funds, all of which are long U.S. dollars."

"There were too many shorts on the market, and all my longs found their opponents very quickly."

"Here, those gentlemen who left just now. Many of them are my opponents."

Buffett's eyes widened in surprise. He looked at Abel: "In other words, you have a share in the bulls?"

"Ha~ why not?" Abel said with a smile:

"This may be the straw that breaks the camel's back, and it may be liquidated. But it's only three billion dollars, and I can totally afford to lose."

Buffett was silent.

The stock god quickly cleared his mind.

That's tonight.

Or before that, I should say three days ago.

Abel got the news somewhere that this might happen in Scotland.

Even the specific time is known.

Then Abel speculated that this incident would cause the pound and the euro to fall.

In the international currency market, the pound and the euro fell.

International funds will want to avoid risks.

At this time, the US dollar and the Japanese yen have always become the two largest choices for international safe haven funds.

The U.S. dollar has just fallen for another week, and it seems that the downward trend has ended.

If there is no room to fall, wouldn’t it mean that it is going to rise?

International safe-haven funds will most likely choose the US dollar first.

As long as you choose the US dollar, the US dollar will naturally rise, even if Wall Street collectively suppresses it at this time.

It might be suppressed, but it won't be as smooth as last week.

As long as the pound and the euro do not rise back, the dollar will continue to rise.

Wall Street's allies are never reliable, and many people will immediately start to idle long.

The power of the bulls will only grow stronger.

From the beginning, Abel quietly reached cooperation with Wells Fargo and Citigroup and launched the first wave of bullish attacks.

This guy wants to work with these short sellers.

As early as today, we started to "backstab" these short sellers.

The Wall Street giants who choose to go short next will be in a hurry for a while.

Buffett, who understood Abel's operation, couldn't help but smile softly.

"Mr. Smith, if you do this, it will annoy them."

"Ha~" Abel responded with a smile: "Wall Street is so big. The United States is so big, and the world is so big. My collaborators don't have to be them."

"Okay." Buffett smiled and said, "You're right."

Buffett likes to hear this.

Because Buffett's collaborators and supporters are not this group of people.

These Wall Street forces, led by the four major investment banks, are only part of Wall Street's forces.

It's just that their voices are louder, making people think that Wall Street is investment banks, and investment banks are Wall Street.

But this is not the case.

Not talking about Wall Street in the broad sense, it refers to the entire financial power of the United States.

Even Wall Street in a narrow sense is that street in New York.

Investment banks are not the only financial companies that exist on that street.

What's more, even Wall Street itself has never been united.

On weekdays, they are the most violent place for internal fighting.

Now like Abel, while cooperating, he is secretly cheating them and making money from them.

On the contrary, this is the most authentic approach of Wall Street capitalists.

Wall Street, or the financial oligarchs.

One of their original favorite things to do.

Just trying to trick each other.

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