How A Ride-Hailing Driver Comes To Dominate The World? [EN]: Chapter 703

Yang Chen’s Predictions Come True

Yang Chen wasn’t so bored as to waste time chatting with online users. He’d rather go out driving and pick up passengers.

At ten o’clock in the evening, Yang Chen had just finished his shift and returned to the Wang Mansion when Chairman Li of Qiandu Group called him.

“Mr. Yang, you are truly amazing! News just came from the US that a fire broke out at Morgan Bank, and all the deposit data was destroyed, while the loan data in another room was intact. You predicted all of this; it’s truly incredible!” Chairman Li said excitedly.

Yang Chen said with a smile, “I’ve long seen through the capitalist system. It’s impossible to pay off the debt of over 30 trillion, so they can only make up for it by harvesting the wealth of others. However, the few bucks in the bank aren’t of much use. They still have to harvest the wealth of other countries to alleviate the immediate crisis. Trust me, their next target will definitely be the island nation. It’s like raising children to provide for old age; it’s time for the son to bleed. We’ll follow along and eat meat. Anyway, we shouldn’t let the island nation’s wealth go to waste. Remember, just short it, wait for Wall Street to take action, then we close our positions, take profits, and leave.”

Chairman Li quickly said, “Thank you for the reminder, Mr. Yang. I will short the island nation’s currency right away and profit with you. Haha…”

Besides Chairman Li, everyone else who attended the meeting was also impressed by Yang Chen’s predictions after seeing the news. No wonder Star Investment can become the most successful investment company in the world.

Since the deliberate destruction of deposit data by the US bank has come true, will Yang Chen’s prediction that the US will harvest the island nation next also come true?

Hurry, short the island nation immediately.

Quickly, the news spread that many investment companies and individuals had heard Yang Chen’s prediction that US banks would deliberately destroy deposit data and harvest the island nation.

The deliberate destruction of deposit data by Morgan Bank has already come true, so the next step of the US harvesting the island nation will definitely come true. Yang Chen’s prediction will definitely not be wrong.

Short it; everyone hurry up and short the island nation’s currency.

Soon the news reached the island nation, and the netizens of the island nation were devastated.

“Damn it, Yang Chen actually predicted that the US would short and harvest us. How is that possible? We are allies; how could the US short and harvest its allies?”

“But rumor has it that Yang Chen predicted two things. The first thing is that US banks may deliberately destroy deposit data, but the loan data will be preserved intact. This has really come true; Morgan Bank did just that. The second thing is that the US will harvest us next. I feel that Yang Chen’s prediction may come true.”

“We were already harvested by the US 30 years ago. Are we going to do it again after 30 years? Does that mean we have worked hard for 30 years just to give blood to the US?”

“What should we do? If we are really shorted and harvested, our wealth will definitely plummet. Life is already hard enough; I can’t imagine how to live in the future. But one thing is certain, the teachers in Okubo Park [a red-light district in Tokyo] will definitely be younger and more beautiful.”

…

Soon the news spread throughout the United States.

After seeing the news, Buffett said with a smile, “As expected of Yang Chen, his vision is really accurate. Now that the whole world knows that we are going to harvest the island nation, let’s stop pretending and just get started. Jessica, help me make an appointment with the heads of Morgan and several other investment banks. I want to discuss the steps to take.”

The secretary nodded and immediately called the secretaries of Morgan, Citibank, and other investment banks according to Buffett’s request, and invited their presidents, chairmen, etc. to hold a meeting with Buffett to discuss the steps to take.

Three days later, Buffett took the lead.

Berkshire Hathaway borrowed island nation currency worth 10 billion US dollars, or 1 trillion island nation currency, from island nation banks, securities companies, etc. The two parties agreed that Berkshire Hathaway would repay 1 trillion island nation currency plus interest upon maturity.

Subsequently, Citibank also borrowed 1 trillion island nation currency using the same operation and also agreed to repay 1 trillion island nation currency plus interest upon maturity.

Then Merrill Lynch, Tiger Fund, etc., all borrowed island nation currency ranging from 500 billion to 1 trillion using the same operation, agreeing to repay the same amount of island nation currency plus interest upon maturity.

Anyone with a discerning eye can see that so many Wall Street companies are collectively borrowing a large amount of island nation currency and agreeing to repay island nation currency; there must be a big problem.

Combined with the online rumors that Yang Chen predicted that the US would harvest the island nation, even a fool knows that these Wall Street bigwigs are going to short the island nation.

If it were a country with complete sovereignty, it would definitely not agree to these Wall Street bigwigs’ lending behavior.

But it is the island nation, a country that is not a country. They know they are going to be harvested, but they can only cooperate obediently.

After all the companies had completed their operations, the US began to sell island nation currency in the foreign exchange market. At the same time, Wall Street bigwigs began to sell island nation stocks and issue short reports; anyway, they put everything on the island nation.

With such an operation, the island nation’s currency plummeted, from 1 US dollar exchanging 120 island nation currency to 1 US dollar exchanging 135 island nation currency.

People all over the world saw the trend and quickly followed the Wall Street bigwigs to short the island nation.

The foreign exchange market collectively shorted the island nation’s currency, and ordinary people made a lot of money. Seeing that the exchange rate could not hold, the island nation quickly contacted the US and requested to stop shorting immediately and just harvest here.

That’s not a joke; the US immediately gave a clear answer: if the island nation dares to resist, there will be more serious penalties in the future, and the relevant responsible persons will definitely be held accountable.

Okay!

Dad doesn’t allow resistance; the son can only obey.

Before long, 1 US dollar could be exchanged for 150 island nation currency.

The whole world is watching the island nation’s jokes. A country’s currency is being shorted openly, but it can’t resist. It’s really funny.

Seeing that the exchange rate had fallen to 1 US dollar for 160 island nation currency, the island nation could not withstand the condemnation of its own people and immediately used foreign exchange reserves to buy a large amount of island nation currency, briefly pulling the exchange rate back to 1 US dollar for 150 island nation currency.

However, their behavior was immediately sanctioned by the US, and the Tokyo District Public Prosecutors Office was dispatched.

The Americans did what they said and immediately arrested some people who resisted.

Subsequently, the island nation currency exchange rate could not be held, and the exchange rate directly broke through the 160 mark, reaching 1 US dollar for 162 island nation currency.

At this time, the Wall Street bigwigs stopped and began to use US dollars to exchange for island nation currency to repay the previously borrowed island nation currency and interest.

Before, 1 US dollar could be exchanged for 120 island nation currency, but now 1 US dollar can be exchanged for 162 island nation currency. There is a difference of 42 island nation currency in the middle. After deducting interest, there is a net difference of 40 island nation currency. These are the bigwigs’ shorting gains.

Yang Chen had already made preparations in advance, and he earned even more than the Wall Street bigwigs, earning a net 50 island nation currency per US dollar.

This is the benefit of shorting. You can earn a lot of wealth by paying some handling fees and interest, which is equivalent to getting something for nothing.

Yang Chen’s name once again resounded around the world.

The evaluations of Yang Chen by netizens from various countries on platforms such as YouTube and Twitter have simply reached the point of excessive praise.

US netizen Louis: Yang Chen is really amazing. I didn’t believe it when the news came out. After all, our relationship with the island nation is very good. How could we harvest them? Now I know how naive I am. In the eyes of capitalists, there is only profit, but no friendship. I especially regret not shorting with them; otherwise, I could have had a share of the pie.

Korean netizen Song Jae-hee: Are you only paying attention to the island nation? Our country’s exchange rate has also collapsed, and we have also been harvested. Aren’t we supposed to be allies? Do we have to be harvested to be your ally? If you do this, who will dare to play with you in the future? I hope Yang Chen will predict more about our country’s situation in the future, and we will formulate policies according to your predictions. Please.

Island nation netizen Yokota Kunita: These capitalists are too hateful. We have worked hard for 30 years, and they have harvested 50% of our wealth all at once. They are too ruthless. Are we not human? Don’t we want to live? Yang Chen is so powerful; why doesn’t he help us stop Wall Street from shorting? We are all Asian countries; shouldn’t we help each other? Please, you must help us in the future.

Chinese netizen Li Daguo: Raising children to provide for old age; there is nothing wrong with that. You can’t usually act like a son everywhere, but when your dad needs you, you pretend to be a coward. Being a dog requires the awareness of being a dog. You still want human rights? Then I would also like to say that Yang Chen is the Yang Chen of China. Koreans and island nation people should stop trying to take advantage of him. He has no obligation to help you. When everything is fine, you follow your American dad and pretend to be powerful. When something happens, you think of your real dad? If you can really show the attitude towards your real dad in history, we don’t mind helping you. But what kind of virtue are you now? You know it in your heart; stop being so shameless.

…

Most importantly, the excited Chinese netizens came to Yang Chen and Star Investment’s Weibo [Chinese microblogging website] and other accounts to leave messages again. The number of comments on Yang Chen’s latest Weibo has even exceeded one million.

After dropping off a few customers, Yang Chen came to a coffee shop to pass the time and posted a Weibo to respond to netizens’ questions.

“Basic operation; don’t get excited. Stop spending all day online, study hard, live well, and work hard. Someone as handsome as me has already dropped off 5 customers early in the morning. What reason do you have not to work hard?”

Yang Chen just wanted to be playful, but netizens rushed to the comment section of this Weibo again to leave comments. The number of comments exceeded 100,000 in the time it took Yang Chen to drink two cups of coffee.

Okay!

I won’t respond anymore; let them do what they want.

At 9:30 in the evening, Yang Chen was about to go home to sleep after dropping off a customer.

At this moment, a mother and daughter on the side of the road caught Yang Chen’s attention.

It was a young mother kneeling on the ground and moving forward. Her hair was messy, her clothes were dirty, and she was holding a child who couldn’t walk yet. She also had a telescopic pole tied to her head, and a mobile phone on the telescopic pole was filming her kneeling and moving forward.

Yang Chen was stunned for a moment. Has the live broadcast industry become so crazy now?