1928: The Rise of Giants

Chapter 450: It’s useless for the consortium to end up

Ye Luo and his short-selling group had a principal of US$2.5 million and a leverage of 20 times. The actual total amount of funds leveraged was US$50 billion.

All these 50 billion US dollars later entered the U.S. stock market and continued to roll over, targeting the 100 stocks with the highest stock prices and shorting them all.

After closing the position today, after deducting all commissions, handling fees, labor costs, etc., the final total net profit is as high as US$62 billion!

$2.5 million earned $62 billion.

2480% profit!

It can be called the first miracle in the history of the stock market.

It is estimated that after 2020, it will still be unprecedented and unprecedented.

Of the $62 billion, 2 million will be given to Franklin’s family as his future political capital.

The remaining 60 billion was divided among Yelo, Mamuri, Livermore, Old Joseph and Little John.

Among them, John Jr. and Joseph Sr. had little capital and were timid. They shared a total of US$5 million.

Since leaving the Ministry of Foreign Affairs, Ma Mourui has been holding back his anger and trusts Ye Luo's judgment and ability. Therefore, he has invested almost all his wealth in it and contributed more, and can share 8 million US dollars.

The money was transferred into their accounts in batches through the New York Stock Exchange that night, and the 30 billion belonging to Ye Luo was transferred into the account under Huixin's name.

“With this money, it’s time to make careful plans to acquire companies and establish overseas bases.”

Since making more money than he could spend in his lifetime in Shanghai, his focus has gradually shifted from simply making money to building a business empire.

As the leader of the short-selling group, the planner, initiator and executor of this short-selling in the United States, Ye Luo has a monopoly of US$30 billion!

Everyone had agreed on this ratio early in the morning, so even when they saw Ye Luo getting so many dollars, they were just jealous in their hearts, and their mentality was not unbalanced.

And of this 200 billion US dollars, 30% actually fell into the pockets of a few of them.

Unexpectedly, through some operation and chance, he actually made a full 30 billion, which was three times more than Livermore's legendary transaction!

This wave of bubble has evaporated about 200 billion US dollars in the US stock market so far, and will continue to evaporate in the future. It was not until the outbreak of all-out war in 1937 that the momentum was stopped and the contradiction was transferred.

It’s incredible when you think about it.

US$30 billion is still somewhat beyond Ye Luo's imagination.

抗日战争时期，香江和宝岛也落在日寇手中，其中1941年12月25日至1945年8月15日是香江的日据时期，日寇对其在政治、经济、文化、社会等方面都实行了残酷的统治。

More than 9 million is enough.

Ye Luo didn't feel too excited.

He knew that the bursting of the U.S. stock market bubble would generate huge wealth, and he also knew that the subsequent world economic crisis and world war would result from this.

It is necessary to promote the construction of various industries urgently needed for the war according to the original plan, while speeding up the transfer of Ye's assets.

Therefore, Ye Luo's first choice destination is Macao, followed by the United Kingdom and the United States.

But initially he just wanted to make the same amount of money as Livermore——

It is obviously not appropriate to move Yip's family to Xiangjiang.

Livermore was Yelo's largest partner and one of the main sources of funds. However, Yelo lost money when he returned to the United States, so the final share was US$17 billion.

When the war breaks out, many industries in the Republic of China will be greatly affected. The common people are not guilty of the crime. Thinking of the unharmonious relationship between himself and the Japanese invaders, Ye Luo does not think that they will let him and the Ye family go during the war.

The United States will have Franklin's backing in the future. The longest-serving president in American history will naturally take care of his Chinese ally.

With their assistance, we can also provide certain material support to our underground troops during wartime.

Here, Ye Luo is thinking about how to take the next step. Over there, the Rockefeller Consortium is the first to suffer, announcing that it will use huge financial resources to rescue the market. Things finally turned around when John D. Rockefeller and his sons began buying common stocks and announced that extra dividends would be reinvested in the stock market as funds.

The New York Stock Exchange took the opportunity to announce a temporary holiday and shorten trading hours. President Richard, who was far away in Italy, also flew back to New York.

Exhausted agents and sleep-deprived clerks are finally getting a break from the pile of work.

After the Rockefeller Group, the Morgan Group and Citigroup also stepped down one after another, stabilizing the stock market.

The good times did not last long. Within two days, the stock price fell again, and fell again and again. The recession continued day after day, as if it would never end.

At the most anxious moment, President Hoover finally took action.

He persuaded Secretary Mellon, held a grand press conference, and announced that he had recommended that the next Congress reduce personal and corporate income taxes.

On Friday, Hoover summoned to Washington a group of major bankers, industrialists, railroad and utility managers, labor leaders, and agricultural leaders.

This is a special conference covering the top tycoons in the United States.

The New York Times dubbed it the "National Disaster Countermeasures Conference" and "Hoover's last life-saving straw."

Ye Luo, who had previously made appropriate suggestions and alleviated some pressure on US stocks, was also invited to attend the meeting as an international friend.

Also present at the meeting were Japanese Prime Minister Tanaka Giichi and dignitaries from various countries.

The representative of the Republic of China was Song Ziwen. He came here after a long journey. It was originally a good opportunity to show his face in front of the dignitaries from various countries.

But his expression was obviously bad.

Hoover assured everyone at the meeting that capital expenditures would continue, wages would not be lowered, and workers would not continue to demand wage increases beyond what was being negotiated, as had been agreed with the unions.

He urged state governors and city and county commissioners to expand public works in every practical way and showed how federal public construction spending could increase by nearly $5 million.

But at this time, it seemed to be a very heavy government expenditure. Ye Luo didn't understand why the situation had reached this point and he still wanted to invest money in public works construction.

Is it to maintain a false sense of prosperity?

Hoover and his cabinet used every opportunity to assure everyone that the economic situation was basically healthy and that there would be no scenario where the U.S. stock market bubble burst and the U.S. economy collapsed.

He also predicted a business renaissance next spring, repeatedly stressing to attendees that there was nothing to worry about.

It was precisely in this situation that Ye Luo knew that the United States was bound to be doomed.

It is completely consistent with the historical trend.

I don't know if Hoover and his cabinet really didn't feel that way, or if they were pretending to be calm but were actually quite panicked.

But as the president, this way of handling it is okay.

Otherwise, he would slap himself in the face and put the phrase "four more years of prosperity" in his campaign manifesto on a pillar of shame.

At the end of the meeting, Ye Luo yawned and was about to leave, but was grabbed by Song Ziwen who hurried over.

"Arlo, I finally found you!"

(End of this chapter)