America’s Road To Wealth

  Chapter 529 The big news that broke the United States

  English afternoon tea is a simple meal, not just tea.

  In the middle of the seventeenth century, the concept of "afternoon tea" first appeared in England.

In 1840, Anna Maria Russell, the seventh Duchess of Bedford, ordered her servants to prepare a tea tray with butter, bread and cake every day at 4 pm because she found herself hungry at 4 pm every day , and the fashionable dinner time at that time was 8 pm. She soon found the new habit so addictive that she invited some other women to join it.

   This kind of tea break soon became a social trend at that time. By the 1880s, upper-class women would wear long gowns, gloves and hats to enjoy an afternoon tea, which became more and more complicated, and became another new fashion for the British aristocrats and elites at that time. place.

  Most Americans do not drink afternoon tea, because the ethnic groups immigrating to the United States are diverse.

  But because of this, there are still some European immigrants or British immigrants who have this tradition.

   And because these immigrants were the first to come, they occupied the top of American society.

   Gradually, this habit has become a social occasion for the American elite.

  At the hilltop villa on Malibu Beach, on the covered terrace facing the Pacific Ocean, Abel and Douglas Flint had afternoon tea and chatted well.

   This afternoon tea lasted for more than two hours.

  Abel felt deeply about this guy’s talent, and he was indeed an elite in the British banking industry who reached the position of chairman of HSBC Holdings through his personal ability.

During the period, Douglas Flint expressed a lot of his own views. He said that banks in emerging markets are undergoing structural restructuring, and they intend to operate in regions other than London and Hong Kong Island, especially the United States, Mainland China, Singapore and Sange. Regional headquarters will be established locally, and capital and authority will be delegated to these headquarters to meet new regulatory requirements and reduce overlapping management structures.

  Abel is very satisfied with this, and this policy is indeed very suitable for HSBC at present.

  Especially in the U.S. market, if HSBC Holdings chooses this model, it will make Abel’s voice in HSBC U.S. infinitely higher.

   It can be simply understood that since then, at least in HSBC in the United States, Abel can do what he says and what people outside don't count.

  In addition to the name and the need to pay a certain amount of profits, it can be said that the future HSBC in the United States will be an independent bank.

  As for the headquarters of HSBC in the UK, all that can be enjoyed is the dividend right and name.

   This shows the persistence of these British people in entering the US market.

  In the parallel time and space, they have lost tens of billions of dollars in more than 20 years and have to enter the market. This obsession is too deep.

   "Douglas, if HSBC wants to open up a new source of profit outside the European and American markets. I think mainland China will be a good choice."

Abel put forward his own suggestions and ideas, "That country is changing with each passing day, and they have successfully joined the World Trade Organization. If HSBC Bank can become a transfer point for the foreign funds of those large companies on the other side. Just the transfer fees and interest are enough for HSBC The profit of the bank will increase by at least 20 basis points."

   "Compared to other British or American banks, HSBC or the same Standard Chartered has unique conditions in this regard due to Hong Kong Island. It would be a pity if HSBC missed such a good opportunity."

   Douglas Flint nodded again and again, the chairman of HSBC Holdings very much agreed with Abel's idea.

   Now anyone with a discerning eye can see that that country is about to become an emerging economic region.

  Although none of them can see that this country will become a new pole of the world in the future.

  The huge population potential and territory are there, and the huge market is really not a joke at all.

  “We have also thought about it, but the main problem of entering that market is that they are very strict.”

   Douglas Flint said.

  "The transfer point of funds, the transfer point of funds. I emphasize this because I think this is the most suitable position for HSBC over there." Abel emphasized:

   "Don't look at that market as other normal banking markets. You should know that they don't even have the same color as us, so the situation is naturally different."

  Douglas Flint nodded again. The Englishman is very happy today because he had a good talk with Abel.

  Things went well, and this time HSBC finally found a strong backer in the United States.

   After chatting for a while, the two shook hands, officially ending the English afternoon tea.

  Abel is quite satisfied with the result this time. At least the HSBC bank he has been plotting for a long time now finally has a plan.

  If Smith Financial Group can win, it will even just control HSBC behind the scenes. It is equivalent to winning a large part of the British market and the more important Asian market.

  Although at present, it can only control and influence the business of HSBC Bank in North America.

  After all, everything is difficult at the beginning. With this good beginning, many things can be done in a logical way.

  With Britain's worsening national situation, the British will only rely more and more on the United States.

  The timing is right, and it will not be a big problem to completely take over HSBC.

   It is precisely because of these benefits that Abel attaches great importance to HSBC.

  Like Morgan and the others, they are actually interested in this, and everyone is now sharpening their knives at the old British cousin.

  In fact, in the parallel time and space, Wall Street will really succeed in another 10 years or so.

  At that time, almost all of the top five British banks can see Americans.

  At that time, the City of London really became a clone of Wall Street...

  Seeing off Douglas Flint, Abel looked at his watch. It was already around 3 o'clock in the afternoon.

  Ask the housekeeper who is accompanying her, and she says that Li Fuzhen is taking a nap with the child, and Li Xinyu is also taking a nap.

   After thinking about it, Abel shook his neck left and right, and immediately got up and went to the study in the villa, which had been arranged as his financial battlefield command room.

  From yesterday afternoon to now, under his order, Smith Capital once again increased its long position by 500,000 lots.

  Now Smith Capital already holds 2 million positions.

There are 800,000 lots of long positions in USD/CAD, 250,000 lots of long positions in AUD/CAD, 300,000 lots of long positions in GBP/CAD, 250,000 lots of long positions in CHF/CAD, and 400,000 lots of long positions in EUR/CAD. Canadian dollar long position.

  USD/CAD rose a total of 40 points today, from 1.0840 to 1.0880.

  Abel’s average opening position for these 800,000 lots of USD/CAD is at 1.0860. At this moment, there has been a floating profit of 20 points, with a total floating profit of 160 million U.S. dollars.

  AUD/CAD did not rise today, but fell 60 points, from 0.9602 to 0.9540.

  Abel’s average opening position is at 0.9580, with a loss of 40 pips. The 250,000 lots of AUD/CAD currently have a floating loss of US$100 million.

   GBP/CAD rose from 1.7750 to 1.7800 today, a total increase of 50 points. Abel's 300,000 long orders have a total floating profit of 150 million US dollars.

  CHF/CAD did not change much today, it was just flat, and Abe’s average opening position was around 1.2000.

  Euro/Canadian dollar fell from 1.4842 to 1.4800 today. Abel’s average opening position was at 1.4820, with a loss of 20 pips, totaling a floating loss of 80 million.

  According to statistics, these accounts made a total profit of 130 million U.S. dollars, and the account net value was 13.13 billion U.S. dollars.

  For him, the small money of 130 million US dollars is insignificant, but mosquitoes are also meat, and it is better than nothing.

  The reason why the floating profit is so small is mainly because Canada’s economy is actually very strong today.

  A country with both industry and energy, with such a large territory and just the same population.

  With a strong economy, he is more confident when facing financial predators like Abel.

   Defense and counterattack can also be done better.

  In fact, Canada’s background is very good. If it is not very unlucky, there is the United States next to it, and the climate is relatively cold.

  This country has the opportunity to become a world-class power.

   It's a pity that I was born next to the United States. In addition, the latitude is relatively high and the climate is relatively cold. It can only become the current half-American vassal, half-regional power.

  Infiltrated by the old America for many years, it is actually no different from an overseas province of the United States.

  After all, when we were arrogant, we also burned the houses that were not called white houses to black.

  The Americans had to dye it all white, and then there was a country with the name of the current white house.

   After a few glances at the market, Abel initiated a video conference. Anyway, it's boring to be idle here, so he thinks it's better to just have fun.

  At the same time, Brookfield Asset Management, the foreign exchange trading department, Dess and several traders are still discussing at the moment, summarizing today's trading situation.

   "Des, today's bulls are much stronger than yesterday!"

  A trader's eyebrows were a little depressed. They tried their best today, but the two major currency pairs, USD/CAD and GBP/CAD, were still on the rise under their strong suppression.

Hearing what the trader said, Des changed his face slightly, and said: "It is true, we suppressed the Australian dollar/Canadian dollar and the Euro/Canadian dollar, but the US dollar/Canadian dollar and the British pound/Canadian dollar rose. Yes! I hope today is just some short-term bulls chasing the rise. In a few days, when the USD/CAD and GBP/CAD fail to rise, they will close their positions and leave the market. At that time, they will sell their positions. In the blink of an eye, their long positions turned into short positions! So we must hold on! We will suppress them severely in the next few days! Force them to leave the market!"

   "Okay, Des, I think this way is the most effective!"

   "Now we can only do this. But at present, that Smith is not much, it is a routine operation."

   "..."

   Seeing the excited expressions of the crowd, Des didn't look much better, but just quietly stared at the trend charts of USD/CAD, GBP/CAD, and EUR/CAD.

  Although it is close to closing, Dess is still continuing to resume. Trying to find some rules in the historical market.

  He has the habit of reviewing the market every day. After the trading is closed every day, he will spend an hour to review the market.

  In the process of looking at the historical trend chart, he saw many market trends. For example, after breaking through the highest point of last month, the market rose for a few days and then took a sharp turn for the worse.

   After breaking through the highest point last month, the market continued to soar.

Des took a cold breath. At this moment, they had a serious loss in USD/CAD in their account. They previously established a short position of 1 million USD/CAD. The average opening point was at 1.0630. Now they have lost 250 lots Point, a total of 2.5 billion U.S. dollars, today's trading volume is very large, they are all increasing positions at high levels, a total of 1 million short positions in USD/CAD. USD/CAD rose to the highest position of 1.0900 today, and the highest closing position was at 1.0880. Their average position of adding positions was at 1.0880. There is no loss for the 1 million short lots that were added to the position.

  At this moment, they hold a total of 2.5 million short positions in USD/CAD, and the average opening position of these 2.5 million hands is at 1.0755.

  The rest of the Canadian dollar crosses, they also lost a lot of money, and now the account has lost a total of 3 billion US dollars!

  But Des is still very confident, and stubbornly believes that he is right! Floating losses are only temporary! Because international crude oil will still rise sharply, I believe that the Canadian dollar will also become stronger by then.

  He has suffered from this situation many times, and even went bankrupt once.

  In the end, he reversed everything. He finally saved the day and turned defeat into victory. It is because of his stubborn belief that he has firm confidence in his own judgment and is unwavering!

  He thinks this is the characteristic of his success, and in this situation, he can only stick to it.

  And when Abel went off in person, and a group of international speculators, confronted the Canadian authorities and Canadian financial companies.

   A big event happened in the United States too.

   This incident was first exposed by a small newspaper in California.

  This small newspaper named "San Francisco Herald Daily" is mainly active in the San Francisco Bay Area, and its daily sales are generally around 5,000 to 8,000 copies. It can be said that it is a small newspaper that cannot be smaller.

  However, on its front page headline today, this small newspaper used such a headline-[Is it a betrayal or? 】

  The title is short and not very eye-catching.

  But the content inside is very explosive.

The text inside said that the younger brother of the current owner of the White House, an important member of the super wealthy Bush family in Texas, and Neil Bush, who is closely related to the richest man in the world, this former senior member of the Elephant Party, was actually in California jumped ship.

  From the Elephant Party, he jumped to the Donkey Party in California.

   Job-hopping Neil Shrub will represent the Bay Area city of Palo Alto in the California Donkey Party's internal race next month. The goal of the campaign is the California Donkey Party's candidates for this year's midterm elections.

  Once he wins, Neil Bush will represent the California Donkey Party and run for this year's federal congressional election in California.

   If he still wins, then the younger brother of the current US leader will become one of the new members of Congress.

  The problem is, whether it is the younger brother of the Grand Commander, Mr. Grand Commander himself, or their family, this family has always been a very senior elephant party.

  But now this gentleman seems to have chosen to betray his family and embarked on a path different from the traditional shrub.

  He left Texas and chose California. Quit the Elephant Party, joined the Donkey Party...

  All of these combined look very compelling.

  Now that Commander George is taking the initiative to launch a war abroad, and at the same time the Bush family is close to Abel Smith in many ways.

   These things attracted everyone's attention, and gradually became super big news.

  After experiencing morning and noon depression. At night, it was as if a switch had been flipped.

  Originally, it was only news reported by the San Francisco Herald Daily. That night, almost most of the medium and large media in the United States, whether it was print media or TV stations, made reprints or their own exclusive reports on it.

  In one day, the incident of Neil Bush jumping from the Elephant Party to the Donkey Party detonated across the United States, and an invisible storm swept across the entire United States in an instant.

  (end of this chapter)