[Chapter 591: Soros's One-Man Show]
"Sir, we just received news that the Japan may raise interest rates. They are quite unhappy with the skyrocketing housing prices."
"It's too late. If they go against the trend, they'll end up in a world of pain. Nobody likes to see their pockets shrinking."
"Goldman and Rockefeller have ramped up their sell-off rates; it seems they're not optimistic about Japan. And then there's Soros -- he's starting to make moves again. I really don't understand where he's pulling all this capital from."
"Filson, keep an eye on him. He's the attack dog the Fed has unleashed. A bite from him can be devastating."
"This bunch of bastards seems to be having a feast for just a select few."
"Haha, Japan is already in distress. This time, let's hope they can weather it."
History is always like this; although it takes a turn, it eventually returns to its original path. This time, the shift is a bit bigger. Historically, conglomerates didn't hold much real estate, allowing them to smash the market without consequence.
As for now, William White believes they're hedging their bets. As long as they can cash out in time, they should be quite pleased.
However, this Soros -- ugh, that guy has far more capital at his disposal than what history suggests.
The feast at Japan is reaching its conclusion. A group of sharks has their eyes gleaming with greed.
Alright, William White is just envious, mad with jealousy. Once upon a time, he was part of the feast too. Now, they just don't let him play anymore.
...
People who actively pop the bubble are certainly detestable, but those who spread false information deserve worse. The big three ratings agencies are practically a joke.
What's most ridiculous is that these guys control the narrative. If your business rating is too low, ha, you can forget about loans. If they don't hound you for repayment, consider yourself lucky.
In theory, ratings agencies profit from credit. A newspaper that publishes false information would face severe repercussions, but ratings agencies can ignore risks without consequence.
America is a credit society; without credit, you can't get far. No mortgage, no car loans. You have nothing tied to credit.
So, Americans go to court without lying; lying is a job for lawyers. Lies are their profession, unrelated to morality.
"Sir, there hasn't been any activity from White's fund, and his media outlets are silent. We've received word that the newspapers and magazines have been issued a gag order, prohibiting any predictions or evaluations about the Japan's economy."
"Good, it looks like our Quantum Fund has no competition. Still, we need to watch out; Filson's been keeping a close eye on things. I thought they'd take some action." Soros smirked, knowing the funds he controlled couldn't be shaken by William White. And most importantly, the people behind him were not someone William White could provoke.
The richest man? You've got to be kidding.
"Sir, I believe William White won't get involved."
"Why's that?"
"This isn't his area of expertise. After a thorough investigation, I found that this guy, who built his fortune on short-selling silver, doesn't have much desire for the financial market."
"Well, that's interesting. They say he's a financial wizard over on Wall Street." Soros said, his tone indicating disbelief that anyone would call him that.
"His bank doesn't have a specialized investment department. It's somewhat like banks from the 1930s, merely engaging in basic storage tasks. The venture into auto finance yielded very limited returns for White Bank."
"Hmm, that makes sense. While others are moving from real to digital, this guy is firmly grounded in reality. If not for necessity, many of his companies wouldn't even be going public." Soros mused, feeling the lonesomeness of life. Finally finding a target that piqued his interest, yet it seemed like they were on completely different paths. It seemed unlikely he'd ever find a chance to take advantage of William White.
...
William White had no idea that an ambitious guy had already set him as a target. Of course, even if he did know, it wouldn't matter much. Before Soros had made his name, William White had already been keeping an eye on him. As for now, Soros didn't even register on William's radar. If it weren't for that troublesome group behind him, William wouldn't mind teaching him a lesson.
"Sir, Morgan Stanley and Goldman Sachs have agreed to let us join. It seems they're bringing some chips to the table, which indicates some sincerity."
"Haha, take ten million dollars and play with it. Just use the highest leverage to short the Nikkei index."
Filson was a bit speechless -- he was being restricted while trying to make a play. Now that he was finally allowed to engage, he was teasing the opposition.
As for how much that ten million could actually earn?
Hehe, it doesn't matter. Just donate it all; it'll really annoy some people.
Wall Street is essentially a den of evil; there are no good people there. If there's a way, it's best to keep your distance from them.
If given the choice, Buffett's position would be preferable, of course -- he's at a more suitable age too. The two characters, one virtuous and one villainous, complement each other well.
Whenever a company or country needs praise, Buffett makes a grand entrance. But when the plan is to orchestrate something underhanded, that's when Soros is set loose to do the biting.
Hehe, that guy's prowess in short-selling is legendary, especially during the subprime crisis; it seems to be the same story. If it were another country, hehe, he'd probably be left bankrupt.
With such influential figures at play, one can only imagine the prehistoric monsters lurking behind the scenes -- no need to guess; it's obvious.
...
"Ten million dollars? Are you sure? They're not just here to play around?"
"Afraid so; it looks like Mr. Rich Guy has a pretty significant grievance."
"Tsk, that's not our problem at Goldman; let them fight it out. We can't offend that guy any further; whoever can manage him can do it -- we're just here for the ride."
At his level, William White could afford to do as he pleased. As for his attitude? You'll just have to guess; he's under no obligation to reveal it. If you misinterpret and end up targeted next time, don't say it's an undeserved misfortune.
Soros leading the short-selling is just a follow-the-leader kind of play. With minimal capital at risk, even if it all goes down the drain, it wouldn't matter. He hopes to find an opportunity to promote the guy, hoping Japan will remember this jerk.
There's always a source for grievances; don't mix up your targets. Even if money is made, William White will donate it. It's just a speculative game; treat it as entertainment, and you can ignore it.
*****
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