Feng Yu had told Kirilenko that the Russian economy is also export-oriented, and its financial system is weak. That means Russia is vulnerable to attacks like those of Southeast Asian countries.
Kirilenko and Feng Yu still have a large amount of debt in Rubles. Although Rubles had depreciated, and if it depreciated further, they would make more money.
But Rubles are still Russia’s currency, and Feng Yu wants to know what Kirilenko wants. Kirilenko can choose to make money for himself and ignore his country or protect his country and might even lose money in the process.
Kirilenko had not given Feng Yu an answer previously, and Feng Yu brought up this subject again.
Kirilenko put down his wineglass, took out two cigars, and gave Feng Yu one.
“Feng, you are willing to protect your country’s HKD, why can’t I do the same for Rubles? Although I will get higher returns when Rubles continued to depreciate, my assets will increase by five times, and I will become one of the richest men in the world, but didn’t you said before that we could reach that in ten years? Without a country, there will not be a home for me!”
Feng Yu took a puff of the cigar. He knew what’s Kirienko’s decision. Although Kirilenko’s decision will let Feng Yu make lesser money, Feng Yu is glad that Kirilenko made this choice.
“Brother Ki! I will support you! Don’t worry. If Soros and his men attack Rubles, I will allocate my funds to help you, and if you trust me, I can manage your funds for you.”
Kirilenko laughed. “Feng, I know you will support me. I trust you, and it’s terrific that you are willing to help me.”
“Brother Ki, although we will make lesser profits, we can still make a sum from those Americans.” Feng Yu said.
“We can still make money from those Americans?”
“Of course. Do you know which country in the world has the best banking system?”
“The US? No? Is it Switzerland?”
“No. It’s Japan. Almost all Asian countries had taken loans from Japanese banks. Many European and American countries and many American companies had taken loans from Japanese banks.”
Kirilenko looked at Feng Yu, confused. What does Feng Yu mean by this? Is he going to make money from the banks? But this way, he will be earning money from Japanese. What has it got to do with the Americans?
“What if some countries cannot repay their loans to the Japanese banks? Will the Japanese banks chase them for payments?”
“Of course. If I need money now, and someone owes me money, I will find ways to get my money back. Even if it is against the contracts or agreements, I can forgo the interests.” Kirilenko nodded.
“That’s right. But what if you are willing to strike off the interest, and I still can’t repay you? Look at Thailand, Singapore, Malaysia, etc. Many of their companies had gone bankrupt and are not able to service their loans. Without interest income and suffered heavy losses, Japan’s banking industry will collapse, and some of its financial institutions and brokerage will be bankrupt. Japan’s stock market will crash, and will Yen depreciate?”
“It will!” Kirilenko’s eyes lit up, as he does not like Japan too.
“Do you still remember the last time when Japan’s economy collapsed? The US and Europe stock markets were affected, and this time, not only will Japan be affected. The whole of Asia, and even Russia, will be affected by the financial crisis. Although we can prevent Russia’s stock market from crashing and chase Soros away, we cannot prevent Russia not to be affected.”
“You mean the US stocks will be affected and will drop? Are we going to short the US stock index?”
Snapped!
Feng Yu snapped his finger. “Brother Ki, I am thinking of doing this. Are you in?”
Kirilenko had a proud expression on his face. “Hahaha. I am interested in earning money from the Americans! Soros and his men want to earn money from my country? I will do the same for him!”
Feng Yu is prepared to suffer losses in Hong Kong and Russia. But this loss will be covered by other markets, and the US stock market is a good option.
This Asian Financial Crisis will affect the global economy. If the US had not made use of its technology and real estate stocks to stabilize its stock market, its stock market would crash too.
But the US stock market’s bull run is only for the time being. In 2000, after the dot.com bubble burst, the world economy will be in a mess again.
That will be the time when Feng Yu will step forward to show the world who is the real wealthiest man in the world!
“Feng, can I inform my government about this? If they are prepared, will it disrupt your plans?” Kirilenko asked.
If Feng Yu had not said all those, Kirilenko would have warned his government. He does not want to let his country suffer, and at the same time, he does not want his friend to be at the losing end.
“Of course. With your government support, we can fight off Soros easier. If you can get some government policies that can assist us, we can make Soros and his men lose and lower our losses.”
Even if Kirilenko did not ask Feng Yu, the latter would also speak to him about this. Russia is a big country, and even if they do not have any financial trading experts, the Russian government can also use extreme measures to give Soros a heavy blow!
Feng Yu can also hide behind the shadows and make Soros suffer heavier losses!
Kirilenko, who owns lots of Russia listed companies’ shares, will surely agree to this.
“Ok. I will contact the Russian government. I cannot guarantee that I can get all the information you want, but I can get something useful. Feng, you are a friend of Russia!” Kirilenko said.
“It is because you are my friend.” Feng Yu laughed.
Chatting with Kirilenko is always easy. He may seem to be simple and stupid, but he is very smart!
