Chapter 1316: A Speech That Risks Your Life
This time, Xia Yu wants to completely establish the illustrious reputation of Tiger Fund and Bridgewater Associates, so that these two companies will become world-famous.
Once they have established their reputation, when the two funds raise capital again, their assets will easily exceed 10 billion US dollars, and it is not impossible for them to soar to 20 billion US dollars within a few years!
After learning of Xia Yu's high expectations, Julian Robertson and Ray Dalio finally stopped paddling.
As if they had agreed, the two fund companies smashed the market again when the Canadian dollar-to-US dollar exchange rate rebounded to 0.8035!
As soon as they did, they dumped four large orders, totalling 10 billion Canadian dollars!
This directly wiped out the long positions!
The entire Canadian foreign exchange market was shocked.
The short positions, which had already been decimated by the withdrawal of the Chicago consortium, were about to withdraw, some even wanting to cut their losses.
But after seeing Bridgewater and Tiger Management take up the banner of the short positions, like two strategic bombers, they came out strongly, and everyone was invigorated.
Dump!
Keep dumping!
With the two major funds' huge short positions as ballast, the bears' psychological burden was lifted, and they smashed the market, continuing to suppress the Canadian dollar exchange rate.
Within just five minutes, the Canadian dollar exchange rate once again fell below 0.8.
At the same time, Xia Yu's other funds also began to erupt, attempting to defeat the bulls in one fell swoop and drive them out of the market.
0.7964!
0.8008!
...
0.7973!
0.7985!
...
The bulls were initially thrown off balance, but they quickly consolidated their funds and built positions to fight again.
For a morning, the bulls and bears fought fiercely, and the Canadian dollar's exchange rate against the US dollar fluctuated violently, with one mountain after another changing hands.
But overall, the bears still had the upper hand!
Some new bulls who had seen the Chicago consortium retreat and felt that it was profitable to enter the market were not yet fully funded, and were wiped out by the bears as a result of the violent fluctuations.
No one, not even David Rockefeller and John Christopher Morgan, could have predicted the sudden change in fortunes.
They had thought that after the Chicago Consortium had withdrawn, the attack on Canada would probably end in failure.
They had not expected such a fierce short position to emerge, and it was the Wall Street twins who had joined forces to fight the bulls.
They immediately adjusted their deployment.
In addition to their original plan against the Chicago Consortium, they also supplemented it by withdrawing funds to attack the Canadian foreign exchange market, preparing to loot it.
...
'Harris, do you have any other ideas? We can't hold out much longer!'
Harris Losier received a call from Aubrey de Mare, who was practically shouting at him in a very tense voice.
'Aubrey, we must hold on. The combined strength of Bridgewater Associates and Tiger Management in the US is not as strong as the Chicago Consortium, so we still have a chance.'
'If we give up, then it's all over!'
'So much money has been invested, it doesn't matter if it's a little more!'
'I will immediately invest another billion Canadian dollars, and you must follow suit.'
Harris Rothschild also forgot about his gentlemanly manners, and he ripped off his tie and yelled into the phone. He was so emotional that his face turned red and the veins on his temples bulged, making him look very ferocious.
After hanging up the phone, Harris Rothschild immediately mobilised funds to enter the foreign exchange market.
At this point, it was absolutely impossible for him to admit defeat!
The Chicago Consortium has been cheated back, and he doesn't believe that the funds of the suddenly emerged Bridgewater Fund and Tiger Fund will be larger!
He just didn't expect that the funds of the Tiger Fund and Bridgewater Fund were not as large, but Xia Yu had it.
It's just that Xia Yu's funds are scattered and low-key, unlike the Bridgewater Fund and Tiger Fund, which are trying to gain fame.
In addition to the frontal attacks of the Tiger Fund and Bridgewater Fund, Xia Yu has another trick up his sleeve.
Harris Losier was able to attack the Chicago Consortium from the bottom up and force them to retreat.
Xia Yu also has a backhand, setting the Canadian bulls on fire in their own backyard!
And he wants to kill two birds with one stone, completely establishing an advantage in the general election!
...
On May 28th, Joseph Chrétien arrived in Montreal, the economic centre and main port city of Quebec Province, with his campaign team.
This city is also the stronghold of the Canadian banking giants.
The headquarters of the Royal Bank of Canada, the Bank of Montreal, the National Bank of Canada and many other banks are all located in Montreal.
And Joseph Chrétien, who is a thorn in the side of Canadian banks, has just come here.
Today, he will give a campaign speech at his alma mater, which he loves dearly – the University of Montreal.
The state-owned Canadian Radio and Television Corporation will broadcast the entire event live!
The Université de Montréal is a public university where French is the main language of instruction. It was formerly the Montreal campus of Laval University, Canada's first university, and was renamed the Université de Montréal in 1920.
Joseph Chrétien's arrival was warmly welcomed by the teachers and students of the Université de Montréal. Almost all the students wanted to shake hands with this outstanding senior.
Because the students were so enthusiastic, the venue for the campaign speech was chosen to be the sports field, as it was the only place spacious enough to accommodate all the students and teachers.
Everyone was sweating in the scorching sun, but their enthusiasm remained undiminished.
Joseph Chrétien's campaign slogan was a very infectious phrase – Make Canada Great Again!
Under this campaign slogan, there were many campaign elements, namely reshaping Canada's financial order; promoting national reconciliation and resolving Quebec's national issues; cutting government spending, debt and the fiscal deficit; alleviating employment problems, etc.
Each of these is a key point that can strike a chord.
In particular, the second point of promoting national reconciliation and resolving Quebec's national issues is the most important on this occasion, because Quebec is very special.
Quebec is one of the most ethnically divided provinces in Canada. Eighty per cent of the population of this province, which has the second largest population in the country, are of French descent. It is the cultural centre of France in North America, and the official language is French.
Quebec has always been a stronghold of the Liberal Party. This province currently has 75 seats in the House of Commons, second only to Ontario's 100 seats, and 46 more seats than the third largest province, British Columbia.
This time, the reason why the Liberal Party's poll numbers are so low is because Quebec has changed.
The problem originated when the constitution was amended at the end of 1981. Prime Minister Pierre Trudeau bypassed Quebec and did not accept the proposal from senior Quebec officials that Quebec's status as a 'unique society' should also be recognised in the constitution.
Pierre ignored the interests of Quebec's French descendants, undermining the rights of the French, and naturally this was resented and resisted by the people of Quebec. Even Pierre's proud achievement, the Canada Act, which made Canada a symbol of constitutional independence, has still not been confirmed by the Quebec Assembly two years on.
In order to win back the hearts of the Quebec people and resolve the ethnic conflict, Joseph Chrétien, who is also French-Canadian, will use this speech to rally the support of the people of Quebec!
There is no other way. Even though he has been using the slogan for a week, the polls show that the Liberal Party and his approval ratings are far behind.
Perhaps according to the trend, it is still possible to reverse the situation before the general election, but the risk is too great.
So in order to be able to absolutely turn the tables,
He is betting his life on this speech!