Chapter 197: One Against Eight

Words : 1740 Updated : Sep 23rd, 2025

Time ticked away, second by second. Suddenly it was the afternoon of the 12th. The results from the south were out, and the spokesperson reacted promptly, stating that the outcome was nothing remarkable, just a piece of worthless paper, and that no one could impose a judgment on them. The picture reading "Not a penny less" circulated online. "Not a penny less!" Lu Liang also shared the image, indicating he was officially entering the fray. He began short-selling the yen, and a fierce battle played out in the foreign exchange market between the bulls and the bears. "All accounts, reserve 20% of positions, sell the rest at the price level of 102.5200." Lu Liang entered the trading floor with a solemn expression, issuing the latest trading instructions methodically. Meanwhile, Wall Street's capital from all quarters converged on the foreign exchange market, entering the fray and taking positions against Lu Liang. Mr. Suo, interviewed by the media, declared loudly, "Resisting to the bitter end is a dead-end street." His words not only targeted Lu Liang as an individual. This time, the Quantum Fund was also investing more than five billion dollars, intending to completely crush Lu Liang. They were prepared, once more, to proclaim to the world who the true uncrowned king of the international stage was. Lu Liang was merely a meteor. What right did he have? He was not even qualified to be mentioned in the same breath as them. The head of JPMorgan Fund's third group also stepped forward, saying, "Mr. Lu has a good eye, but unfortunately, he has made the wrong choice this time. Emotion should not overcome rationality; he may be a qualified patriot but is no longer a qualified speculator." Wilson was thoroughly persuaded by Lu Liang, both intellectually and emotionally, willingly addressing him with respect, but their navy was the most powerful military force in the world. The only thing that could defeat half of the United States' navy was the other half. This time, there was no doubt that Lu Liang was bound to lose. JPMorgan Fund mobilized more than 3.5 billion dollars, taking a position against Lu Liang. A businessman in the race also stepped out to ride the wave of public interest, "Maybe I've never told you, but I've always admired Lu Liang from China. It's a shame that in my heart, his score has dropped from a 97 to an 82." In recent years, the United States had been focusing on the Middle East, exhausting both the people and the treasury, while the Eastern Country had been developing quietly and had become a force that they could no longer ignore. Whether he or Mrs. Kling came to power at the end of the year, their strategy towards the Eastern Country would not change. After all, the world's resources were limited. Nearly 1.4 billion people wanted to live well. What then should the remaining 300 million do? It would be best if, as before, they helped produce low-cost goods like clothing and shoes, and having food to eat would be good enough. Wall Street's major institutions stepped forward to state their positions one after another, with as many as eight institutions participating in the yen hedging. According to incomplete statistics from the Wall Street Journal, the capital they invested this time exceeded thirty billion dollars. Even if Lu Liang used the total assets of both his funds, it amounted to no more than three billion dollars. If he didn't use leverage, that was fine. He would only be left with a loss of three to five hundred million dollars. But if he dared to use high leverage, with twenty billion hedging against three billion, his defeat was certain. "The storm is coming, just like a century ago, at that moment, as it is at this moment." "Damn it, this is no longer about money. Lu God, we support you." "Three billion hedging against thirty billion, what are you counting on to hold up?" "Disperse already. It would be better to short-sell the RMB or to go long on gold. Chaotic times are upon us, and earning more money is also good for self-defense." A sense of powerlessness enveloped everyone's hearts. They were not Lu Liang's die-hard fans, just speculators looking to make money. The eight Wall Street institutions of great repute united to attack; who in the world could compete? Soon, Lu Liang responded on Twitter. "Who claims to be invincible? Who dares to say they are undefeated?" The capital Lu Liang used was actually more than three billion; after leveraging, it turned into four billion dollars. Four billion dollars hedging against thirty billion dollars wasn't entirely without a chance of winning. The competition between the bulls and the bears in the international financial market was like a battlefield with enemy forces on either side. On the battlefield, there weren't just these two forces; there was also a third party that was often overlooked yet immensely powerful. Xunzi once said that water can carry a boat but can also capsize it. The same logic applies to the financial market. The third force is retail investors. If the power of retail investors could come together, let alone eight institutions, even the whole of Wall Street combined would not be able to win. Lu Liang knew he was now in a perilous position with no allies and did not expect anyone to join him in going against the current and short-selling the yen. He only hoped, as much as possible, to buy some time, so that the wavering market participants would not make a hasty, wrong choice. "Maybe... let's just wait a bit longer." Lu Liang's commanding statement made those who were about to make a choice, once again, patiently opt for a wait-and-see approach. Despite seeming stubborn, he was, after all, the Lu Liang who had fought three at once and had yet to taste defeat. After much consideration, they were inclined to place a bit of trust in him, unanimously deciding to wait, to wait for the moment the results were announced. By then, they might earn a bit less, but at least they could ensure they wouldn't face huge losses. His original supporters became even more resolute. "Damn it, at worst I'll just find a job, I still have over seven thousand in fixed deposit interest every month anyway." At this time, Little Yang in Tianfu, fully aware of the tough situation Lu Liang was in, broke her own financial planning after much thought. She pooled all her capital meant for starting a business, 800,000, along with 1 million in high-risk investment, into the foreign exchange market. She decisively used a 50 times leverage, amplified her capital to 45 million, to support Lu Liang with her actions. Although her "Lu God" didn't take her seriously at all. When they first met, he seemed interested only in exploring whether the rumors were true. But without Lu Liang, she would've hit rock bottom. It could be said that the car and house she now owned were all thanks to Lu Liang, a favor from a person, remembered for a thousand years. At this moment, in Tianxing's trading room. "How much of our position is left?" Lu Liang inquired. "Mr. Lu, we have 30% left, with available funds already less than 130 billion yen." "What's our current loss?" Lu Liang looked towards the yen exchange rate, about to fall below 100, their losses should be significant. A basis point equals a gain or loss of 3,280 US Dollars, and it had fallen over forty thousand points to date. "16.685 billion yen." Sun Yutao was full of concern; since he had joined Lu Liang's team, he had never seen such large losses. S~eaʀᴄh the ηovelFire.ηet website on Google to access chapters of novels early and in the highest quality. 16.685 billion yen, calculated at the settlement exchange rate, amounted to a loss of 164 million US Dollars, accounting for 16.4% of the decline in investment. Lu Liang looked southward, pondered for a long time, and made a decision, "Continue to increase the investment, until all our chips are played." Now it was five in the afternoon, and although summer days were longer, there was less than an hour left before darkness fell. If they were to act today, the yen exchange rate would not have just a 7.55% drop. When Zhong lost his cool, Good Day would bear the first brunt, undoubtedly settling both new and old scores at once. Lu Liang was resolute, reinforcing his positions. More and more onlookers in the foreign exchange market grew, and the eight major institutions, despite their reluctance, could only reduce their capital input. As they said, speculators should be rational, not emotional, no matter how formidable the US Army might be. "Couldn't he have hit the mark again?" JPMorgan Manager Wilson murmured to himself, a flicker of fear crossing his eyes. Because he remembered the terror of being dominated by Lu Liang, five months ago on the night of the Brexit vote in Old England. Although he was confident in the strength of the US Army, Zhong was no longer the Zhong of the past. Once, with nothing to his name, he had managed to rout a five-star general. What more now. And there were many who shared this sentiment. A sense of unease gradually spread in the market, on what basis was Lu Liang so certain? Had he heard some insider tip? For a moment, Lu Liang, playing the bear, faced eight to one, holding off pressure from eight Wall Street institutions. Suddenly, the Flower Society updated their news with a picture showing a Hong Liu patrolling over Yan Shi Island. It seemed to hint that the coordinates had been exposed; an aircraft carrier might be strong, but it had a fatal weakness, once discovered, it could be destroyed. Before long, more news came. The US Army had withdrawn from the territorial waters; the silent contest between both had been decided in secret. Upon this news breaking out, the yen plummeted. Gold also instantly fell back to its previous gains. Withdrawal meant backing down, it also meant Zhong had triumphed in this skirmish; next was the moment for settling scores.

Chapter 197: One Against Eight

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