I Inherited 5,000 Years of Family Property

Jiangnan City, Huaxia.

"Miss Hong Yi, the master's signal has been gone for three hours!"

"I know," Hong Yi nodded, "Do these people repeatedly infringe on Mr. Zhang and really think he can't deal with them? Is everyone ready?"

"Ready, our 12,000 traders have formed 89 teams and have built their positions, just waiting for your command."

"Good, the moment the market opens, start the operation immediately. I want to see them all blow up their accounts in the shortest time!"

"Yes, Miss Hong Yi!"

"Operation code name, Plan Three Lights, be prepared to stand by!"

...

"Damn that Zhang Menglong!" Grave had just approved the funds swindled by Zhang Menglong from the fiscal budget, and the already tight national treasury funds had visibly decreased by a significant amount.

Fortunately, domestic car purchases could be paid for with their local currency, otherwise, given their current US Dollar reserves, they really wouldn't be able to pay much!

Originally, there were only a few hundred billion US Dollars in foreign exchange, and most of it was distributed among major South African banks. In the operation more than a month ago, only forty to fifty billion US Dollars remained, and their country seemed to be poorer than ever before.

"If someone attacks our foreign exchange market at this time, we really wouldn't be able to withstand it," Grave smirked bitterly, but as a developed country, ordinarily no one would be bold enough to provoke their displeasure.

"However, this is not a solution," Grave pondered for a moment. Although the country's strength deterred ordinary people from plundering their foreign exchange market, to be feared, you must first have bullets in hand.

But accumulating US Dollar foreign exchange through regular foreign trade transactions was truly like a drop in the bucket. Don't look at Huaxia accumulating several trillion US Dollars in foreign exchange; that was the result of 40 years of consistent saving.

Yet money couldn't be conjured out of thin air. With their current market size, just a few hundred billion US Dollars flowing into their foreign exchange market could easily plunder what little they had left, and then cause the value of their own currency to plummet.

"Director, don't we still have a considerable amount of US Treasury bonds?" Grave's assistant suggested, "Now is a special period, we could sell these bonds first, and continue purchasing once our reserves recover to a certain scale. Honestly, the interest on those isn't of much value."

"That's a good idea!" Grave nodded, "How much in Treasury bonds do we still hold?"

"Around 24 billion US Dollars, I suggest we sell them all," Grave's assistant suggested, "Those large capitals dare not easily enter our foreign exchange market, but some smaller capitals are very rampant. This month, approximately 2 billion US Dollars of international speculator funds have entered our market. With this money, we can operate easily and swallow them whole!"

"Now you're talking!" Grave laughed, the 24 billion US Dollars in Treasury bonds' annual return was not even 1 billion US Dollars. If they sold them, they could easily make a profit of 2 billion. Wasn't that tempting?

"Let's do it then. I'll communicate with the higher-ups. It's a special period, so let's go on and sell directly!"

"Yes!"

US Treasury bonds have a daily market turnover of six to seven hundred billion US Dollars, and the 24 billion US Dollars of Treasury bonds they introduced to the market seemed not to have caused even a ripple.

"Hmm? Someone took them off our hands so quickly?" Although surprised, they did not take it to heart, as in truth, 24 billion US Dollars wasn't really a large order, and many countries could easily absorb it.

It wasn't just South Africa; the last operation targeting Zhang Menglong had caused significant damage to many parties, even leading some countries to see decades of painstakingly accumulated foreign exchange reserves vanish overnight.

Many people also thought of this method, after all, there were almost 25 trillion US Dollars worth of Treasury bonds worldwide. In a time when everyone was weakened, this was indeed the only way to go.

There was no choice; the currency market needed to be stable, and foreign trade transactions still required US Dollars. If the US Dollar reserves were depleted, they would not be able to continue doing business internationally!

Over the past month, nearly 20 billion US Dollars worth of Treasury bonds have been sold on the market!

This was not a good sign. If these Treasury bonds found no takers, then the consequences would be nothing short of disastrous.

If the Treasury bonds lacked buyers, the US Dollar's credibility would decline rapidly, causing the US Dollar to depreciate rapidly. The result would be widespread inflation and economic crisis in countries using the US Dollar.

This situation even caused these countries to break out in a cold sweat; it was like testing the edges of death with insanity!

But unexpectedly, there were so many willing to take over the burden; perhaps it was the other half of the countries that had not participated in targeting Zhang Menglong, seizing the opportunity to harvest a wave of US Treasury bonds. After all, it's still the most universally used currency, and as long as there's no significant devaluation, an interest rate of just over 4 percent is quite a considerable profit.

No one noticed, though, that even though those buyers were from different institutions, they all pointed back to the same person behind the scenes—Zhang Menglong!

Of this transaction volume of 20 trillion US dollars, he had gobbled up 18 trillion worth of US Treasury bonds, with the remainder being almost gone, apart from those that could not be traded on the secondary market.

And he had paid a price of 18 trillion US dollars to completely take in these Treasury bonds.

To deal with other countries, just throwing money would suffice, but the biggest opponent wasn't that simple. After all, their domestic currency is the US dollar. Trying to use money to crush them would probably require tens of trillions of US dollars, and even then, it might not be enough to break them.

...

"Miss Hong Yi, we have now almost swept up all the US Treasuries on the secondary market. Most of the selling countries were those involved in targeting Mr. Zhang," said the assistant.

"They must be congratulating themselves for buying those Treasury bonds at the time, right?" Hong Yi's lips curled into a mocking smile. "But they might not know that they haven't even had the chance to enjoy their money before having to cough it up again!"

"Miss Hong, your tactics are brilliant. Knowing they're all short of US currency reserves right now, you've made them hand over all their foreign reserves like this. Nearly 20 trillion, if it worked together it wouldn't be so easy to deal with, but scattered, it's like taking candy from a baby!"

"Hmph! As if Mr. Zhang's money is that easy to take? Let them have their little moment of happiness for now. Wait until the market opens, we'll send them a big 'gift'!"

"Once they don't have a dime left, we'll dump these Treasury bonds. Then we'll see who can take over. By then... heh heh, the US dollar will probably become worthless, right?"

"Miss Hong, it's almost 9:30 in South Africa's time zone!"

"Dare to assist those damned psychics against Mr. Zhang? We'll start with them. Build positions—smash them for me!"

...

The clock in South Africa ticked to the opening of the market, and in that instant, despair descended.

"Ding-ding-ding..."

"This is Grave."

"Mr. Grave, our currency market has just been flooded with 50 billion US dollars. The exchange rate has been hammered down, and our currency is plummeting!"

"What's going on? Where are all these short-sellers coming from?"

"Don't know. These short orders came out of nowhere... Another 50 billion just came in!"

"Mr. Grave, our entire national US dollar reserves are less than 30 billion dollars. We can't hold it any longer!"

"Hold on! I'm going to seek help right away!"

...

"Mr. Bodick, our currency market is under attack. Do you have any US dollar reserves to spare..."

"What? You've been attacked too? You've blown up your account?"

"Mr. Himmels, you..."

"Ah? You want a loan too? You were hit with 200 billion US dollars?"

...

With every call, Grave realized that those he'd turned to were in the same dire straits. A flood of capital had made those countries with less than 100 billion dollars in foreign reserves blow up in less than five minutes, while those with slightly more were still struggling desperately. On the other hand, it seemed that their opponent was in no hurry at all.

Ah, just playing!