Cape Town, South Africa, in an upscale office building not far from the South African Ministry of Energy.
The offices of Glencore and Mediterranean Trading are located here.
Not long ago, Glencore's senior partner, Green, and the South African government finalized a trade agreement on oil and agricultural products, opening the door to the Golden Country.
It has created new trade channels for a country that has been extensively sanctioned by the international community because of apartheid.
As one of the few wealthy countries in Africa, South Africa has a strong ability to pay.
They used gold instead of dollars to buy oil from the Soviet Union and Iran, which were also sanctioned, and wheat from Latin America, and other vital goods.
In exchange, Glencore will receive spot gold, which will be sold to the Mediterranean Trading Company downstairs and shipped back to the Soviet Union.
Gold will play an important role as a store of value in the near future in Japan's actions.
Soon after the Plaza Accord was signed, the dollar will actively seek to depreciate to alleviate the decline in US economic growth, and gold will become a sweet spot in the market.
It is precisely because of the anticipation of the imminent fall of the dollar that Seryosha's subsidiaries are trying to spend the dollars in their hands as much as possible.
However, the realization of spot gold is very troublesome, and this kind of thing is not suitable for Glencore, which has a very fast turnover speed.
On the contrary, it is more useful as a national asset reserve.
Therefore, Seryosha is using the power in his hands to help the Foreign Trade Bank adjust its asset structure.
In the space of a month, the Foreign Trade Bank has successively collected and stored as much as $20 billion in gold.
This also meant that $20 billion went into Glencore's hands, and Seryosha left only the necessary liquidity for Glencore, and the rest was sent to the Bank of Tokyo's foreign exchange account through the Bank of Colombia's channel.
With more than a month to go until September, time is running out for Seryosha.
Because he realized that the crazy arbitrage of the cadres of the Communist Youth League did great harm to the country but the gains outweighed the losses, Seryosha took the initiative to stop the actions of his subordinates.
Instead, in the name of oil hedging, Gorbachev was tricked into agreeing to his free disposal of foreign exchange reserves in foreign trade bank accounts.
Now Seryosha has two things to do, the first is to give Mikhail 100 billion dollars in yen assets in his hands before the Plaza Accord is announced.
The second is to transfer the remaining more than $1 trillion from the Foreign Trade Bank to the British financial market.
Mikhail now has only about $40 billion worth of yen assets in his hands, which is worth about one trillion yen at the current exchange rate of 2,501 yen against the dollar.
One of the first things Mikhail did when he took up the post of president of the Bank of Colombia's branch in Japan was to apply for a seat as a primary market dealer on the Tokyo Stock Exchange.
This seat allows you to buy and sell large stocks directly without going through a brokerage firm like Nomura.
The Bank of Colombia, which had a large amount of cash in hand, immediately became the object of competition among major Japanese companies, and the Financial Services Agency of the Ministry of Finance paid more attention to Mikhail, and even awarded him a certificate of honor from the Japanese government to thank him for his trust in the Japanese economy.
Mikhail accepted the honor with a happy smile, and he also hung it on the wall of his office, and whenever a Japanese guest visited, Mikhail took the initiative to introduce him.
It is a pity that despite the enthusiasm of these large Japanese companies, Mikhail has never been able to take real action with real money.
Instead, he made a proposal to the Financial Services Agency to improve the trading mechanism of the subprime mortgage market.
Mikhail took the initiative to apply to the Financial Services Agency to establish a short-selling mechanism for subprime mortgage products.
For this man with trillions of yen in assets, the Financial Services Agency naturally does not dare to take it lightly.
Many high-level officials came to meet Mikhail in person, and Kuroda, who has been in charge of the Bank of Colombia, was naturally fortunate to be among them.
"Short Subprime Mortgage ProductsMr.
Grachev, you are the president of the first financial company to trade subprime mortgage products in Japan, would you tolerate others shorting your subprime mortgage products," Noda, vice president of the Financial Services Agency, asked suspiciously.
"Your Excellency, as you said, of course I don't want my subprime mortgage products to be sniped, but as a responsible financier, I hope that subprime mortgage products can have a better and sound trading system.
Although the concept of subprime mortgages became popular around the world not long after Mr.
Ulyanov proposed it, Japan was certainly the biggest beneficiary of it.
However, the trading mechanism of only going long and not shorting is not sound.
Mikhail replied with Noda.
"Is anyone going to buy this kind of thing if you are short of subprime mortgage products?"
another official, sitting next to Noda, asked disdainfully.
How hot is the real estate market in Japan now, and shorting subprime mortgages is shorting Japan's rooftop and personal credit market, unless you are a fool, who doesn't know that Japanese people are now the richest consumer group in the world.
"The important thing is not whether anyone buys it, but to establish a sound and open trading system, and the volatility of the financial market itself comes from different people's different judgments on economic development, and we should let financiers with different views join in at the same time," Mikhail stressed again.
"Okay, Mr.
Grachev, we have understood what you mean, and we will discuss with Nomura Securities and the Tokyo Stock Exchange to launch financial products that can short subprime derivatives as soon as possible.
However, you must know that if the issuance is not ideal, we will cancel it at any time" Noda said disdainfully, this Grachev is now forcing the regulators to release such a product, is it a loss of confidence in the Japanese economy, I really don't understand what these foreigners are thinking.
After sending Mikhail away, Noda called the head of the Tokyo Stock Exchange and the head of Nomura Securities to communicate about Mikhail's proposal.
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"Vice President Noda, I think that's what I told him, but I just want the subprime mortgage trading mechanism to be more complete, and I don't believe anyone will invest in this kind of product now," the head of the Tokyo Stock Exchange replied cautiously.
"Yes, if the Bank of Colombia really wanted to do that.
I can guarantee that he will lose as much as he buys short, our real estate boom has just begun, our overseas real estate investment has already bought 90% of Hawaii's land, and we will also buy New York, Los Angeles, Chicago and our Japanese economy, and if we do it right, the end will be destruction," said the head of Noda Securities. t1706231537: