Chapitre 515: Chapter 515: Soros, You Better Watch Yourself
[Chapter 603: Soros, You Better Watch Yourself]
"Sir, the goods are on the way; there's no going back now."
"Heh, just don't let anyone find out."
"It's fine; even if someone sees us, it won't matter. We simply used the wrong map."
Cough cough "Alright, you have a point. Just head directly to Lanai; someone will be there to meet you."
William White breathed a sigh of relief. The recent turmoil he had faced was now far behind him. Wasn't it just shorting gold? Who couldn't do that?
...
"Sir, gold prices are dropping again, and a large amount of capital has entered the market. I traced the funds, and 90% of it comes from Switzerland."
"Filson, did our branch in Switzerland get involved?"
"No, the funds, though widespread, are highly decentralized. But to have such a massive influx with no origin? That's just too strange."
"What about Soros? What's going on with that guy?"
"Thirty times leverage? That guy is insane."
Sigh "Well, let's offload the excess. We can't join them in their madness. Our goal is to hedge."
"Okay, gold prices have dropped 15% from their peak. This is really scary. If it continues, are they planning to reinstate the Bretton Woods system?"
William White had a strange expression. He really didn't expect this bunch to have such loose morals.
"Filson, is someone leaking information?"
"Yes, some silver families are also stirring things up. They believe silver is more stable, especially since its main production areas are concentrated in the Americas."
"Silver certificates? Are they suggesting that if the dollar loses its value, they'll call it the 'Silver Dollar' instead?"
Cough cough "Just earlier, the Soviets expressed strong opposition. They believe only gold has financial properties."
"Hahaha, don't they know that the US dollar is now fiat currency? The only value of that paper is the Fed's credibility. Remember, it's just the Fed's credibility -- it has nothing to do with America."
"Sir, with all due respect, unbacked fiat currency is essentially a scam."
"You've got a point. Why do you think people call us a rogue nation? There's some truth to that."
"Not really. If that were the case, they would be attacking other currencies. The yen and pound are in danger. Those are the only currencies that can replace the dollar."
"Exactly. Let's use the money from the gold futures to short the pound. This time, let's go in with maximum leverage."
"Okay, sir, I'll get ready."
Soros, you must be really frustrated right now, William thought. Keep messing with my gold, and if it weren't for worrying about Pentagon's reactions, you'd be done for.
Damn it, I almost saw my assets shrink by 30%. You bastard, we'll see how this plays out.
If it weren't for the benefits of time travel, William White would be in serious trouble this time. If you borrow against gold and the gold price is stable, there's nothing to complain about. But if there's a substantial drop, you need to put up more collateral.
...
"Sweetheart, is the war over? Will the economy recover? People's money is all tied up in the stock market."
"Nastassja, why do you want to make so much money? Besides, if you get wind of my secrets, you're sure to attract attention."
"Oh please, I'm a shareholder in Legendary World. What's wrong with informing your investors?"
"Well, it depends on whether that investor is all in."
Nastassja Kinski rolled her eyes at this jerk. After knowing him for years, she was well aware of his tastes.
Is it really just about giving little William a bath?
Hmph, I'll risk it; damn men just can't resist that sort of thing.
As for insider information, that's pure nonsense. Nastassja Kinski came to find out when The Departed is set for release. If it comes out by the end of the year, it might make the next awards season.
William White had been feeling pretty down lately; he couldn't even use the two at home. Sure, he'd smuggled a bit here and there, but not too often.
"Oh my God, how long has it been since you... weren't you saying it doesn't matter?"
"I mean, can you be a little more professional? Discussing my private life at a time like this? You might as well care about the relationship between GDP and CPI."
"Cut it out; the only time you seem somewhat normal is when you're like this."
William White was taken aback; what kind of nonsense was this? When he was at his peak, he was perfectly normal. Come on, can you be any less reliable?
"I'm saying, I promised to go to the awards. You and Nicole can go together."
"There it is again. No way, I'm not done yet. Keep going."
Cough cough "I said, can you be a bit gentler?"
"Hmph, I can't."
...
William White was enjoying himself; but Soros was starting to feel the headache.
"What? Filson has started shorting the pound? Damn it, check where the leak is."
"Sir, that's impossible; the traders haven't left the company."
"What about gold? What's happening with gold?"
"They retained a certain position, and according to our calculations, it's roughly equivalent to what he's holding in London."
"Is there that much? Damn it, why isn't the IRS taxing that bunch?"
His subordinates fell silent. At William White's level, the finance department's authority could only compare to a few large firms.
Tax evasion? Come on, that's just absurd. Besides, this guy publicly flaunts his tax filings in the newspaper. That's just you being angry about nothing.
"We can't delay any longer; we need to enter the game ourselves."
"Sir, there are only 2 billion in dollars right now. We haven't reached our original target."
"I see. It's time to talk to those old-timers. William White is far more difficult than they imagine."
"Sir, that Leo Wanta is still aggressively adding to his gold short position. There's a lot of speculation going around; people say this guy isn't on the right track."
"What? Where's the information coming from?" Soros's face darkened. This was something even he couldn't get a handle on. How could the outside world know?
"I don't know, sir. You know how it is -- it's a professional rumor market; many things are untraceable."
"What about the media? Any movements, especially those tied to William White?"
"None. They're all focused on that charity gala. It seems the big shots from Washington will all be there."
"Ugh, what on earth is this guy thinking?" Soros scratched his head. It's clear he has no intention of getting entangled. Or maybe he saw through his schemes -- this is just a little warning.
Could be, it might just be a casual heads-up.
Hey, buddy, take it easy. Don't cause me any trouble; you'll end up in a world of hurt.
At his level, what haven't they seen in the darkness? Those ridiculous regulatory bodies were designed for people like him.
This guy doesn't get it. How could William White make any significant moves in this mess? Going after the Soviets? That's just politically correct. Oil companies may lose money, but they still have to ramp up production. You think he dares stop supplying iron ore when his clients are in a tight spot?
Try cutting off oil supplies and see what happens; I'll teach you a lesson about being sensible.
Wasn't that what Saddam like? Invading Kuwait was your personal grudge; America couldn't care less.
You should never, under any circumstances, demand higher oil prices. Given the current situation, who doesn't see that the U.S. is gearing up to deal with the Soviets?
*****
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