Among the various futures trading in the world, oil and metals are undoubtedly the two most important indicators.
As a product, oil can be compared with gold, silver, copper, aluminum, zinc and other metals combined. This shows how important oil is.
In fact, this is also true. Petroleum is not only the source of power for various machines, but also has more than 5,000 kinds of products derived from it, which have penetrated into every aspect of people's lives.
Because of such importance, people who can make all the difference in the oil futures market have always been considered international financial giants.
In a small test last year, everyone just thought that Xiao Qi defeated Merrill Lynch and Goldman Sachs through luck.
But now Xiao Qi's second bet is even bigger, the huge "Gamble of the Century" worth 5 billion US dollars, directly challenging several major Wall Street investment banks.
No one was optimistic about Xiao Qi at first, especially during the severe subprime mortgage crisis in August, when oil continued to fluctuate violently. Everyone thought that the price of oil would fall from US$78 to US$30-50 a few years ago.
level.
At that time, Xiao Qi repeatedly made bold statements in the American media and repeatedly provoked America's Wall Street elites, triggering a series of crusade.
If Xiao Qi hadn't been rightly called the "Father of Intelligent Electronics", "The Most Genius Young Man in the World", etc., I'm afraid the American media would have banned him long ago and would not be willing to start a verbal war with this person who is doomed to fail.
Unfortunately, Xiao Qi is not destined to fail.
Once September entered, oil prices rose steadily and horribly, leaving countless analysts and newspaper commentators speechless.
At this time, the media dug up Xiao Qi's previous remarks and realized how correct this young man was.
From this, we know how big a heart Xiao Qi has. He actually never wavered in his ideas despite being questioned by hundreds of investment elites.
Mr. Reuben is also the chairman of Reuben Capital on Wall Street. His self-deprecating words best represent the complex psychology of Wall Street elites.
"I will no longer comment on this genius boy's keen intuition on oil. In fact, I am also stupid. How can someone who can face Gang Leader Qiao without falling behind, and instead make Gang Leader Qiao succumb conditionally, how could he be like this?
Is it easy to be defeated? Although I am disappointed, I am a little lucky. Fortunately, I am not Goldman Sachs, Merrill Lynch, Citigroup, Lehman Brothers and Bear Stearns... I don’t have to be sad about the huge loss of intangible assets, let alone real money.
Sad to see silver lose $1 billion, what a great news!”
All right.
The four major investment banks plus one major bank are once again on the defensive.
In fact, it can’t be considered lying down.
Because they were the ones who attacked Xiao Qi the most some time ago.
But as Bear Stearns suffered in August, it seemed that bad luck was contagious. In the next two months or so, these investment banks and banks were all struggling to deal with their own banks' subprime loan debts.
, where do you have time to engage in a bet worth only 1 billion US dollars with Xiao Qi?
But they don't have the energy to continue the confrontation with Xiao Qi, nor do they have the confidence to continue to quarrel with Xiao Qi in the distance. But that doesn't mean that others don't have the intention to find out.
The United States is not monolithic, and the financial giants on Wall Street have many enemies.
When everyone cooperated with the remarks of the chairman of Ruben Capital and listed the various battles between Xiao Qi and the five enemies in the past six months on paper and question boards, everyone discovered that these investment banks and
The bank is so desperate for death. Xiao Qi is leading him every step of the way, and there is no way to fight back.
Of course, when they say these things now, there is a lot of hindsight.
At the beginning, many media and financial analysts happily said, "The genius boy has sent money, and the investment income tax in the United States will increase significantly."
But this world judges heroes based on their success or failure.
If Xiao Qi wins, then he is right in everything.
If the four major investment banks and one major bank lose, then everything is their fault.
Although it is oil futures for delivery on December 31, according to the current trend, no one will doubt whether Xiao Qi can win.
The only difference lies in whether the oil price can break through to 100 US dollars, and whether Xiao Qi can win 5 billion US dollars!
However, people in Bear Stearns are not in such a good mood to enjoy the scenery.
Due to the continuous collapse of several funds, Bear Stearns' assets suffered massive losses. Many investors hoped to redeem the funds and would rather lose money to redeem their principal, which made their cash flow even worse.
Although they can try to avoid the collapse by borrowing, delaying, charging loss fees, etc., or extending the collapse time, money is not so easy to borrow. Even among peers and shareholders, it is very difficult to borrow money.
Difficulty - Who wants to lend money to a company that looks like it's going to lose money?
In this case, the 1 billion gambling funds they froze in the bank six months ago become particularly important.
But the gambling agreement given by Xiao Qi was very strange. He seemed to have anticipated the subprime mortgage crisis. He used DreamPad shares as collateral for Citibank and JPMorgan Chase, but he did not allow his five major enemies to use their shares as collateral.
, but let them take cash.
Several investment banks and banks originally did not want to do this, but since the gambling agreement was set by Xiao Qi, whoever accepted it was eligible to participate in the gambling, so they had no way to control it and could only put the money in Citibank and Morgan
Chase.
It is worth mentioning that although Citibank also participated in the bet, it also deposited 1 billion into a special frozen account, and it cannot be withdrawn. They still have this professional ethics.
In an urgent need of money, Bear Stearns asked Xiao Qi through Wade from Citibank if they could use shares as collateral instead, and then asked them to withdraw US$1 billion first to meet the urgent need, but Xiao Qi wanted to
I refused without wanting to.
Are you kidding me?
Bear Stearns will be finished in March next year. In the end, it was the unlucky guy who was directly acquired by JPMorgan Chase. Its shares plummeted from 61.58 US dollars to 4.81 US dollars in just 5 days. For such a strange company, Xiao Qi held its shares.
Just looking for death!
Speaking of which, the gambling agreement was so cruel. Xiao Qi's rejection of Bear Stearns was to push them to the brink of bankruptcy.
But Xiao Qi didn't feel any guilt at all. Along the way, Bear Stearns had harmed countless companies. Xiao Qi had no pressure at all to harm them.
It would be great if there were no such culprits in destroying the real economy in the world!