Crazy Entertainment System
Chapter 300 $5200 Billion
Chen Yu assigned numbers to all the stocks he acquired to facilitate the trader's operations.
"Close out position in stock No. 10239!"
"Position number 10233 is closed!"
"Position number 02334 is closed!"
Chen Yu issued his instructions one by one in an orderly manner.
The entire US stock market immediately turned green and bleak.
When Chen Yu opened his position, these stocks were all soaring. Stock market investors tend to buy when prices are rising, not falling.
In just two hours, Chen Yu liquidated over 14000 stocks, making a staggering $600 billion! He still has over 5000 stocks remaining, which will all be liquidated in the afternoon.
At 3 p.m., Chen Yu sold all his stocks, making a profit of 72 billion US dollars per kilogram, but this money was far from enough.
The next day, Chen Yu used all his money to open more positions.
This time, the Federal Reserve has taken action and begun a fierce battle with Chen Yu.
But Chen Yu wasn't afraid at all; at this time, he possessed over 400 billion US dollars.
"100x leverage!" After Chen Yu gave this order, everyone was stunned.
100 times that is 40 trillion! That's more than the US's GDP over three years, and the entire global stock market probably doesn't have that much money!
"Mr. Chen, are you kidding me?!" Zhuge Yun said.
"What a joke! I know what you mean. Take out 100 billion US dollars and leverage it 100 times! This time the operation needs to be faster because the frequency and number of operations are more than before. The Federal Reserve has made its move."
Ten trillion US dollars began to pour into the stock market, and the market was booming. Just then, Chen Yu discovered that a small force had also joined in.
"Soros, it seems that financial tycoons are indeed financial tycoons! But if you want to get a piece of the action, you have to ask permission first. Since you're being so rude, don't blame me for being unfair!" Chen Yu already had a plan and pinned the blame on Soros.
Under Chen Yu's meticulous arrangements, Soros finally came under the watchful eye of the Federal Reserve.
"Funk, that son of a bitch Soros, I knew it! He was the one who caused the 1997 financial crisis, and now he's back again! I'm going to kill him!" the Federal Reserve Chairman roared furiously.
Soros was unaware that Chen Yu had made him a scapegoat.
Over two full days, ten trillion US dollars poured into the stock market, causing it to soar to the top. But Chen Yu felt it wasn't enough, so he added another three trillion.
Just when all the stock market investors were ecstatic.
Chen Yu began selling again, this time using the power of the system.
They put nearly 4 shares on the market for sale in just five minutes. The remaining 4 shares were liquidated from Gao Feiyan and her two companions.
The market opened with a sharp drop, resulting in a sea of red.
Chen Yu amassed a total of nearly 1800 billion US dollars!
Even after removing other factors, the final figure is only 1600 billion.
Chen Yu hadn't expected such huge profits, but for now, there wasn't much potential in futures trading. Chen Yu's next move was to orchestrate a global crisis—the subprime crisis.
The first company was New Century Financial Corp., the second-largest subprime mortgage lender in the United States.
Just when all economists and financial experts thought the stock market disaster was over, Chen Yu began the global subprime crisis.
This set the stage for an economic crisis that was supposed to begin in 2008.
Chen Yu's previous operations were preparations for this subprime mortgage crisis.
Three days after Chen Yu sold the company, New Century Financial Corp., the second-largest subprime mortgage lender in the United States, announced its bankruptcy filing. The trend seemed unstoppable, and Chen Yu's speed was boundless.
The Federal Reserve reacted by injecting liquidity into the financial system to boost market confidence. The US stock market, already on the verge of collapse due to Chen Yu's previous actions, continued its downward trend.
Under Chen Yu's influence, Fannie Mae and Freddie Mac stock prices plummeted, causing widespread losses for financial institutions holding their bonds. The U.S. Treasury and the Federal Reserve were forced to take over the two companies to demonstrate the government's resolve in dealing with the crisis.
But none of these worked. Like a domino effect, the US subprime crisis gradually spread across the globe.
A month and a half later, the world entered an economic crisis.
Chen Yu also began to close the net.
As August arrived, the operation concluded on August 8th. Chen Yu's economic crisis had netted a staggering $6000 billion.
Each trader was given a hush money payment of $50, along with various repayment expenses.
The final revenue was $5200 billion!
A week later, Gao Feiyan and Zhuge Yun returned to the capital, after being away for nearly two months.
"You are truly a prodigy!" Gao Feiyan exclaimed upon first seeing Chen Yu. In just two short months, she had learned what a god-like man was.
He's a god in the stock market, practically omnipotent, as if the stock market is his personal property, and he can get whatever he wants!
Or rather, he could predict the future trajectory of the stock market. Although he might make some mistakes, it doesn't matter because the losses are negligible compared to the gains.
Zhuge Yun laughed, "Haha, Your Highness is the most monstrous person I've ever seen, without a doubt. I finally know where your ambition to build a future metropolis comes from. The speed at which you make money is simply incredible!"
He was very happy. In just two months, he had single-handedly orchestrated the global economic crisis, a crisis that dominated the global economy.
But he was also somewhat terrified; Chen Yu was too strong, unbelievably strong.
He even began to wonder if Chen Yu was some kind of god, wondering how he could achieve such a feat.
5200 billion US dollars, that's nearly four trillion RMB.
With this money, the development of Crazy, Zhanlong Technology, or cloud technology will no longer be a problem.
During this economic crisis, Chen Yu focused on global logistics, acquiring all major logistics companies around the world.
Even the airplanes were acquired at the price of junk.
There was no other way; Chen Yu had triggered the economic crisis, and if they didn't sell the assets, they would be insolvent and burdened with a mountain of debt.
Banks are also helpless in this situation, because they simply don't have enough money to save the market.
Even if they had the money, they would choose to save the most important aspects, while private logistics would be sidelined.
This also meant that Chen Yu acquired a logistics company that was originally worth tens of billions of US dollars for only a few billion US dollars.
Chen Yu's logistics empire has now taken shape.
Next, Chen Yu plans to withdraw from the iPhone altogether. Of course, the OS system will also be fully launched. With money poured in, who can resist any resistance?
Chen Yu has invested in internet companies worldwide, and although his stakes are small, he still wields considerable influence. With further financial support, promoting the OS system is not a problem. (To be continued.) mz
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