Chapter 156: Yin, are you serious?

Words : 1934 Updated : Sep 19th, 2025

Lu Liang held a considerable amount of capital, during the previous fourteen hours $1.2 billion British Pounds were slowly sold off, the market was still unaware of their presence. At 3:15 AM, A large number of sell orders to short the British Pound appeared in the market. At this moment, investors in the market began to feel the presence of a mysterious and massive force. The rising momentum of the British Pounds was abruptly halted. "Do we have any more chips left?" Lu Liang asked. He was not naive enough to believe that they could drive down the exchange rate by deploying just a few billion. The main issue was that there were no counterparties trading against them, or they were luring the enemy deeper, waiting for them to invest more. As short sellers, the more they invested, the more the longs would earn when they blew up their positions. At the present market, still shorting and possessing such enormous funds, besides him, there probably wasn't anyone else. Most likely, everyone held the latter view, wanting to thoroughly blow up his position and teach him a lesson. "Group one still has 1.9 billion." "Group two has 2.1 billion." "Group three has 1.4 billion." After tallying, they still had 5.4 billion in chips; just a few minutes ago, they had utilized 1.1 billion of funds. Lu Liang pondered for a moment, "Reserve 800 million in each group for emergencies, and the rest, fire it all out before 4:00 AM." He needed to reserve some capital to face the final counterattack from the longs, as long as they could hold out until the vote results were announced; then the victory would be his. Those in the market who were long, preparing to harvest him – count them one by one – all of them must perish. As Lu Liang commanded, a large number of sell orders to short the British Pound appeared in the market, but the exchange rate was not suppressed; instead, it began to assault 1.5100. Currently, the situation was that there were more wolves and not enough meat; Lu Liang was that piece of meat, and someone would inevitably take the first bite. "The situation has changed, reduce all selling, let the exchange rate break through 1.5200, then make a decision." Lu Liang squinted his eyes, a smile appearing on his lips, "High-end hunters often appear in the guise of prey." Now everyone considered themselves the wolves and saw him as the only piece of meat in the market; then they couldn't blame him for trapping people. This trick was also learned from them, It could similarly be called luring the enemy deeper. The more he appeared to be struggling under the burden, the more the longs would invest and encircle him. Searᴄh the Nôvelƒire.net website on Google to access chapters of novels early and in the highest quality. The more they invested, the more they would lose, because the market is fair; if they wanted to earn more, they could only invest more. For every 10-point rise in the exchange rate, Lu Liang would throw out a few billion in chips, always acting as if he was about to burst. Gradually, the Blackstone Fund, JPMorgan Fund, and Quantum Fund all deviated from their original plans, investing more and more. In fact, their attitude towards buying British Pounds was not so decisive; primarily, the risk and return were utterly disproportionate. In the current scenario, going long on British Pounds, if Brexit failed, the exchange rate could rise at most 1-2%. While there was a one in ten thousand chance that if Brexit succeeded, they might face a massive drop of several points. The foreign exchange market typically employs high leverage. Several points drop was enough to blow up everyone's positions, even exhausting their margin accounts. So initially, they planned to invest only a few billion to earn tens of millions of dollars and then fold. But Lu Liang always appeared so frail; just a bit more effort and they could blow his positions. It was like a seductive, enticing beauty, just a bit more push and they could enter Taoyuan. Soros, an old comrade weathered and seasoned at 86, could barely withstand it, let alone others. The advantage was primarily with me. Because the whole world knew that Old England's Brexit referendum was just a political showpiece, Old England didn't have the guts for Brexit. Thus, one by one, they invested more and more, the three entities together had already put in over $5 billion, nearly 3.5 billion British Pounds. And their chips, just so happened to be almost entirely taken up by Lu Liang, still at the current peak of 1.5220. Time ticked away by the second, and soon it was 10 PM London time, the voting channels closed. "Every minute, release 200 million in chips until all chips are used up." Lu Liang narrowed his eyes, knowing that the final moment had arrived; it was said that the results would be announced at 15 past the hour, but they didn't necessarily have to wait until then. It might be known by ten past the hour, or even earlier; after all, that old guy Soros claimed to be in Europe. Eighteen traders operated their respective accounts, each dumping British Pounds sell orders, tens of billions worth of sell orders flooded the market, and the GBP/USD exchange rate broke below 1.5200. "Hurry up, all come to my bowl." Lu Liang knew there were three forces trading against him, but he could only barely confirm the presence of Quantum Fund. The other two were unknown, but they were likely Wall Street giants; they had more information channels than Lu Liang. They might not even need to wait for the results to be announced to know the outcome; thus, Lu Liang didn't want to pretend anymore. He was ready to lay his cards on the table, forcing them into a difficult position at the last moment, making them lose as much as possible. Though Lu Liang was unable to consume all their capital, he would be quite pleased if they could lose a bit more. With the 1.5200 exchange rate defense line breached, fund managers at Blackstone and JPMorgan both fell into hesitation. Their conviction wavered and they began to doubt their own ideas, "Is Brexit really going to happen?" Because Lu Liang's stance on short-selling was so resolute, it was as if he already knew the outcome. "Just a few minutes left, let him be arrogant for a little while." After some contemplation, the two made a joint decision to hold their position; after all, there were only a few minutes left. They planned to wait for the results to be announced and then crush Lu Liang's position. Without the support of the two firms, the bulls had no resistance, and the exchange rate broke through the 1.5200 mark, opening a downward channel. Soros was also constantly monitoring the market situation and couldn't help speaking to himself when he saw this scene, "They are faltering." Though there were still a few minutes before the results were announced, timidity was timidity, and all explanations seemed weak. "Boss, what about us?" manager Kadi asked. Although Soros was always directing strategies in the public eye, he was already 86 years old. Over the years, he had rarely taken direct action, serving more as a spokesperson for Quantum Fund. It was only because of Lu Liang's statements that his interest was piqued, prompting him to monitor the market in person tonight. "How much money have we put in?" Soros looked at the clock; it was already 22:09. "A total of 12 billion US dollars," Kadi replied. Soros frowned, his decision already firm, "First, lock the position, then invest 1.5 billion US dollars to short the British Pounds for hedging." He had looked through Lu Liang's data, who in one year, went from nothing to now controlling a fund worth over 11 billion US dollars. In the 1980s, it took him a decade to establish Quantum Fund, while Lu Liang took less than a year. He believed that under the renown was indeed substantial capability, perhaps that one in ten thousand chance could actually happen. Kadi was shocked, a strange expression spreading across his face. To Soros, the behavior of JPMorgan and Blackstone seemed like faltering, so what should his own behavior be called? Surrender? Soros, as if seeing his thoughts, said coldly, "An excellent fund manager must first ensure that there will be no substantial losses before considering making a profit." Tonight's investment had already exceeded their expectations, and if Brexit failed, they naturally could earn more. But what if? Although he was reluctant to admit it, he had indeed been intimidated by Lu Liang's momentum. JPMorgan and Blackstone faltered, Quantum switched sides. The three Wall Street institutions were nearly completely defeated. The GBP/USD exchange rate plummeted by 100 points, returning to 1.5100. And thus, a series of ripple effects ensued. After all, it was already 22:12, and there were three minutes left until the results were announced, so why would there suddenly be a major drop? International speculators, each cunning in their own right, had one thought flashing through their minds—was someone aware of the results in advance? This led to further sharp declines in the GBP/USD exchange rate, which almost breached the 1.5000 mark, returning to today's opening price. Lu Liang furrowed his brows, "Who is it? Defection? Or did someone already know the result?" There wasn't time for him to ponder further, as the stage in the live broadcast room was already set up, ready to announce the results. Knowing there were still 500 million in chips, Lu Liang shouted loudly, "Don't worry about the market impact, sell them all." A 500 million British Pounds short settlement order appeared in the market, instantly breaking through the 1.5000 defense line, plummeting by 50 points. At the same time, The broadcast camera was facing the National Parliament podium. On the stage, alongside the spirited David Cameron, were several deputies as well as key officials from various departments. They looked at each other with extremely odd expressions on their faces as if they had suddenly seen a long-deceased great-grandmother. Not giving international media reporters time to think, David Cameron announced the results with a smile on his face. "Ladies and gentlemen, a total of 33,128,400 voters participated in the referendum, with 17,176,000 supporting Brexit and 15,952,400 supporting Remain, representing 52% of the total votes in favor of Brexit," "Therefore, the Brexit Bill will be officially implemented!" Yin, are you serious? Reporters from various countries widened their eyes in shock, their faces expressing horror. Subsequently, shock turned into excitement, symbolizing the arrival of the largest political black swan of the century. The news that "the Brexit Bill will be officially implemented" swiftly spread across the globe, with various media outlets competing to report it. The most surprised were not the country-commenting experts or financial market speculators, but the voters who had personally voted for Brexit. They were like they had seen a ghost. They had only voted as a joke, never actually expecting Brexit to happen, let alone spearheading the implementation of the Brexit plan. However, there are no regrets in the world. The foreign exchange market had already collapsed.

Chapter 156: Yin, are you serious?

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