American Scandal King

Chapter 120 Shorting the Lira
This afternoon Ian came to the hospital to see Gaskell as usual.

The old man became more and more energetic and was able to walk freely.

At this moment, he put down the newspaper in his hand and said with a smile: "Is everything settled?"

"Yes." Ian sat down next to Lena.

Lina chewed her lips and said, "I'm jealous, Ian. I know you've been with those girls these days."

No way, Jessica has gone home, and the five girls won’t be back for a few days.

Ian hugged Lena helplessly: "You are always the most important person in my heart, but the most important person in your heart must be Gaskell!"

"Of course!" Lena smiled happily at the old man.

Ian then said to Gaskell, "When can you officially be discharged from the hospital?"

"The doctor said it's still two weeks, although I think they just want to make more money," Gaskell laughed.

He waved and said, "Let's go for a walk."

The old man and Ian walked straight out of the hospital and took a walk on the street.

The midday sun is beautiful, and the surrounding tall buildings and a wide variety of goods are dazzling.

The two of them were walking casually on the street, with Lena supporting the old man to prevent him from getting too tired.

After walking for a while, Gaskell sat down by the fountain beside the avenue.

He looked at the halo in the distance and said, "Is my face twitching? Tell me the truth, Ian."

Ian answered sincerely, "Over forty times in the past three hours, which isn't a lot."

"It's not much, but the annoying thing is that it's not suitable for critical occasions." Gaskell sighed.

Then he turned to look at Ian: "How is Catherine now?"

Ian spread his hands and said, "Nothing serious. I haven't contacted her recently. I guess she doesn't want to see me."

Gaskell shook his head. "No, you have to contact her. You have to have your newspaper continue to follow her and interview her, and make her the best female police officer in Los Angeles."

Ian wondered, "Why?"

"Because I'm worried about you," Gaskell sighed. "You're too deeply involved in the gang."

For Gaskell, business setbacks are not scary. What is scary is being involved in a gang and easily going down a path of no return.

Ever since he knew that Ian had some special means, the old man firmly believed that with his own experience and wisdom, plus Ian's ability, even if they failed to short the Italian lira this time, they could still create a glorious comeback in the future.

But because of this, Ian's involvement in the gang will become his biggest bottleneck in the future.

After all, no matter how strong an individual is, he cannot fight against the state machine.

The old man said, "I can't stop you from taking risks, but you must make sure you have a way out. You're no longer suited to being a hero. Reporters have butterflies, heroes have..."

Ian understood: "Katherine!"

The old man chuckled. "Yes, that's the best solution. And this approach has the added benefit of winning over feminists."

Ian nodded slightly.

This is true.

Environmentalists, animal rights activists, feminists, gun associations, and various labor unions are all powerful civil forces in the United States. Don't worry about how ridiculous their ideas and actions are. For businessmen, it only matters how many people you can gather and how much influence you can generate.

Ian nodded. "Okay, I'll have the Herald increase her coverage and make her a true star in the police force."

Gaskell shook his head. "That's not enough. You also need to be able to control her. You know, women can be very troublesome, especially one with even a modicum of sense of justice. She'll act on her emotions, and one day, she'll destroy you by destroying herself."

Ian asked, "So what should I do?"

Gaskell laughed and said, "Fuck her."

Ian: "..."

Lena glared at Gaskell. She was jealous.

Ian said softly, "You said that emotions would interfere with business."

"So you have to learn to manipulate her emotions. Don't fall in love with her, don't make her angry, but you can disappoint her. If a woman is angry with you, she will destroy you. If a woman is disappointed in you, she will leave you. But before that, she will do things for you wholeheartedly... until one day, even if she explodes herself, it won't affect you!"

Gaskell smiled and said, "I believe that day won't be long, so you just need to bear with it for a while."

Ian wanted to say that this was not a grievance, but looking at Lian Na, he smiled and said, "Okay, but before that, let's finish the next job first."

He looked like he was reluctant to delay it, which made Lena very happy.

Three days later, Ian successfully obtained a loan of 200 million from Linuo Bank.

The money was used to short the lira.

Gaskell had already helped him contact JPMorgan Chase and Goldman Sachs, so Ian started shorting the Italian lira directly through the two banks with a leverage of thirty times.

Unlike stock market futures, the foreign exchange market has relatively stable exchange rates with little fluctuation. The Italian lira's depreciation rate is relatively fast in the world, but it has only depreciated by 20% in more than two years.

A 20% currency depreciation is extremely rapid from a national perspective, probably second only to Venezuela and other places, but there is basically no room for short selling in those places. Therefore, in the international foreign exchange market where there is room for short selling, the Italian lira is basically the most suitable one to place high hopes on.

Since the maximum period for short selling through margin financing is only half a year, and they will officially use the euro next year, Ian can only short sell for half a year.

The floating range is about 5%.

Although currency fluctuations are relatively stable, speculators who are crazy about money can always turn low-risk situations into high-risk ones.

For commodities with small fluctuations, high leverage is directly applied, so that profits and risks increase simultaneously.

Even Ian didn't dare to ask for too high a leverage. After all, his money was borrowed and he had little control over the matter.

Thirty times leverage means that you can only withstand a 3.3% fluctuation, which is the lowest level in the foreign exchange market. The cool ones dare to play with 500 times leverage.

But Ian didn't dare do that.

Because he knows that there are differences between the two worlds, and if the general trend remains unchanged, the differences in details can be fatal.

What if Italy fails to live up to expectations and suddenly rebounds?

What if people abandon the euro?
A 1% difference in the world, any small change in details can be fatal, not to mention Ian himself creating the butterfly effect.

With a leverage of 500 times, Ian would go bankrupt if the Italian lira rose by 0.2%.

Therefore, Ian would rather use only the minimum leverage of thirty times, and therefore he must have a large capital investment of his own.

After starting to short the Italian lira, Ian indeed said: Bearish on the lira, invest heavily.

As soon as the news came out, Americans were shocked again.

Ian Carr, are you so awesome?
Do you think you are Soros?

But Ian is different from Soros.

Soros is the man who will create a crisis for you even if there is none: he is not an exploiter of crises, but the creator of regional financial crises, just as Ian is not a news carrier, but a producer.

But in areas outside of the media, Ian is very honest: We don’t have the power to influence a country’s exchange rate, so we should just follow the general trend.

It's only half a year anyway, so let's see how much it falls in that time.

As long as the lira falls, Lino Bank does not have to worry about the repayment problem, after all, the money is locked up by them.

In addition to the above news, Ian then released a series of news including Bayer Chemical's environmental pollution and Senator Nuttum's domestic violence against his wife.

These are all things he had dug out in the past period of time under Gaskell's guidance.

Of course, only a small part is released, and most of it will not be released at all.

The continuous breaking news has caused the value of Carl Media and WND to rise steadily.

(End of this chapter)