NOVPUB
Chapter 136: Chapter 124 Terrifying Speed of Making Money_1
When Liu Qian solemnly swore to borrow more money, Tang Qing became lively with thoughts - the more he borrowed, the more he earned. Given the current rate of currency, even with minor fluctuations in international exchange rates, it was guaranteed that he could double his capital every month for the next few months. This effectively meant that he would become a billionaire sooner than expected.
However, he had to ask Liu Qian just how much he could lend. So, he asked:
"Thanks for your trust, Uncle. How much can you lend at most? Of course, the more the better for me."
Liu Qian thought for a moment and said, "If it’s only for two months, I can provide up to 300 million RMB at most. By that time, you pay back 200 million in dollars and 100 million in RMB, how about it?"
If it had been earlier, 200 million dollars would have been enough for him to spend more than a year. But considering that his operations were getting bigger and bigger, this kind of money would probably satisfy him for less than half a year in the future and wasn’t that much.
"Okay, let it be 300 million. To avoid causing uncle any loss, let’s not mention any interest. I will exchange this money for you at a rate of 8.1 to a dollar." Tang Qing pondered for a moment and said.
Giving Liu Qian an interest rate of just over one percent per month wasn’t high, and could even be considered low. But considering the implicit benefits this money could bring to Liu Qian, Tang Qing didn’t feel guilty.
"Okay, no problem. How about I transfer it to you on February 1st?" Liu Qian laughed. Although this interest rate was very low – about one percent less than a normal loan – it would still ’cost’ him interest of five to six million RMB. But really, what was that amount of money?.
"No problem, I really appreciate your help, Uncle." Tang Qing happily said. He was finally able to solve a major issue and even had unexpected gains. With over 300 million, doubling it every month would get him at least 600 million. Two months would get him 1.2 billion, and that’s a conservative estimate. In the end, he might make 1.7 to 1.8 billion in two months. After repaying Liu Qian’s 300 million, he would still have over one billion funds to use. 𝖓𝖔𝖛𝔭𝖚𝖇.𝔠𝖔𝔪
Tang Qing was shocked by these figures.
Holy Moly.
Oh, heavens.
With such a large sum of money, Tang Qing was momentarily unsure how to spend it. The thought made him drool. If these funds were consistently absolved in arbitrage transactions, even taking into account some exchange rate fluctuation risks, by the end of next year he could increase his funds to the scale of 10 billion without any difficulties.
Damn, the speed at which this was making money was going crazy.
But although he was making crazy money, Tang Qing was still sane.
Currently his capital was small, and small-amount transactions wouldn’t attract attention. However, if he went in with several billion or even more funds, he would become like a lamp shining in the dark, too dazzling to be ignored. Even if others couldn’t investigate him, he wouldn’t dare to spend this money.
So, after calming down, Tang Qing felt there was no need to go all-in. It would be suicide. The number of foreign accounts he currently had tied up was limited. He didn’t dare to exchange too much at once for a single account so he decided to handle only 50 million Euros in each of these arbitrage accounts. Anything more than that would be too conspicuous. Fifty million at a time, ten times a day would make it 500 million Euros. Although it was still noticeable, at least it was better than having a limit of 100 million Euros.
Damn, calculating it now, even a volume of 50 million Euros seemed a bit high. A month would amount to 150 billion Euros of trade volume. This’d surely raise alarms.
Tang Qing’s brain was in a state of conflict.
Nope, 50 million was still too high. Then for a single account, only 20 million Euros at a time. More than that and he’d get cold feet. A year would only amount to over 700 billion Euros. Wait, that still seemed a lot. Hey, wait, it seemed he could still change to a new account. Damn, how could he forget that? The system-bound accounts could be unbound after a month. This way, it’d attract less attention, right? But still, for a single transaction, it should be limited to 20 million Euros. Around six billion Euros a month could already be considered high. Plus, he wouldn’t just focus on one account, he’d definitely switch around. This way, he wouldn’t even reach six billion in a month.
At this moment, Tang Qing once again understood the first lesson the system had taught him - fear of unknown risks.
Luckily, he hadn’t been charmed by the money and acted recklessly, or else he’d have been ’strangled’ before even rising.
"By the way, Little Tang, when do you think your overseas dollar exchange business can be opened?" Liu Qian asked again.
Pulled back into reality by Liu Qian’s question, Tang Qing thought for a while and replied: "I am still not sure about that, no one has informed me."
Since he was not clear what Liu Qian was planning to use it for, he didn’t have the interest to open this business, because it was just too risky and he could be implicated.
"I see, well, if this service gets opened, make sure you tell me first. Don’t worry, I have lines I won’t cross. I won’t get involved in any asset transfer or money laundering schemes, and you can also participate in my business in the future. Domestic and overseas dollar exchanges aren’t all illegal. Some actually help the country save foreign exchange. The government is really cracking down on underground money exchanges and companies that dig into national foreign exchange reserves. As long as we don’t cross this red line, no one would mess with us considering our connections. We might even get some help." Liu Qian said slowly.
He didn’t know if Tang Qing’s refusal was because the business hadn’t been opened yet or if he was being cautious. But to put Tang Qing at ease, he choose to clarify the matter in advance. Once the people backing Tang Qing opened up this business, they’d definitely contact him.
As for why he emphasizes his "legality", even though there is no legal provision that this behavior is legal, in his opinion, any money that can be brought into the country counts as in the "patriotic" camp, otherwise, it would not be bringing money in, but taking money out.
Tang Qing agreed upon reflection, currently, our country’s foreign exchange reserves are simply too little, and those who give international investors the opportunity to dig into our foreign exchange reserves are indeed the key targets.
Many people feel that our country’s foreign exchange reserves in the future are measured in trillions of U.S. dollars, we couldn’t even spend it all if we tried, and there are even some absurd ideas advocating for all of it to be invested in and buying foreign assets. Why do we need to buy U.S. freaking treasury bonds?
Every time Tang Qing sees such brainless talk and idle gossippers, he feels the urge to curse.
Let’s put aside the other reasons and considerations for now.
First of all, if this money doesn’t go towards buying low-risk U.S. government bonds, we could invest in the stock market, ores, corporations, technologies, and all other tangible and intangible assets of other countries.
So what would happen as a result? Here’s just a hypothetical scenario.
For instance, let’s say there’s a piece of land in an African country, priced at one hundred million U.S. dollars, rich in timber and mineral resources, and possesses great investment value. One day, a man from our country goes and finds the owner of the land, whether the owner is a country, company, or an individual doesn’t really matter.
That man tells him, "Brother, let’s have a smoke. I like the look of your land. How about I offer you a hundred million U.S. dollars for it? No matter how much I sell it for later, don’t disclose this original price."
The owner hears, and that sounds pretty decent, this man’s offer is quite fair, alright, I’ll sell it to you for one hundred million U.S. dollars.
Upon hearing this, the man cheerfully pays the one hundred million U.S. dollars and leaves. Then he finds a large asset evaluation agency internationally and offers them a smoke: "Brother, I’ll give you one million dollars, how about you do an asset evaluation report for me, valuing the land at two hundred million dollars?" The agency declines, concerned about the risk involved, including potentially creating false mineral resource exploration reports with other institutions. They suggest, "Two million U.S. dollars, then we’ll do it." The man agrees without a second thought.
Then, the man finds a domestic foreign exchange investment agency and offers them a smoke: "Brother, this piece of land is very good, worth two hundred million U.S. dollars. Out of kindred spirit, how about I sell it to you for one hundred and fifty million dollars? Keep this deal to yourself."
The personnel at the foreign exchange investment agency looks at the two hundred million dollar valuation from the internationally renowned assessment institution. They got it for one hundred and fifty million dollars, a good investment indeed! This is quite the achievement. Sure, the land has a wealth of resources, it’s sure to be profitable, the only thing is... The man’s eyes light up and offers an additional one million dollars.
In the end, the man walks away with quite the profit in the tens of millions of dollars.
The aforementioned can be applied to any asset, whether it’s shares, land, minerals, real estate, etc., making one rich with just one trick.
Of course, the process cannot be exactly as described above, there could be various adaptations. The man could avoid direct involvement, having foreign corporations and governments participate instead, while he pulls the strings behind the scenes.
Through such processes and operations...
Tang Qing could only laugh bitterly, this would churn out more "Wealth Myths" and "Inspirational Stories". The key is, if one were to embezzle state-owned assets domestically, one risks being held accountable. But, look at the circumstances mentioned above, many international institutions, even foreign governments and corporations are involved; the investigative process is extremely complex. Anyone with a bit of common sense would not be afraid of being held accountable after the fact.
Therefore, Tang Qing obviously supports the country buying US bonds.
At least, I still know where that money is.
If it’s used for investment, then it would really turn into another "Wealth Feast". This is truly what is infuriating. These assets can not only be purchased but can be sold. Buying at high prices for the country, but then, with a few tricks, selling at low prices to "that man", is a trick that could infuriate a large number of masses.
.......
"Alright, I am not sure when this service will be available, they are working hard, probably by the second half of next year. However, this is just my guess, it might not be accurate." Tang Qing slowly explains. Although he is slightly interested, he will not rashly make a decision. As for the stipulation to the second half of the year, he just wants to investigate Liu Qian and his business.
"Ha ha, that’s good, at least there is a deadline. When the time comes, I hope you will look after your uncle more." Upon hearing this, Liu Qian laughs happily. Although Tang Qing hasn’t provided a specific timeline, if Tang Qing dares to say it, then it means he has a certain confidence. After all, he could at least be considered a ’core figure’.
"Of course, we should collaborate and look after each other." Tang Qing immediately responds.
"Yes indeed, come, let’s have another drink." Liu Qian laughs heartily.
PS: Chapter two, fresh out of the oven! Please vote for us. Some of you may feel that the main character gets money too easily. Hehe, please continue reading. You will see that even if the money is multiplied by ten or a hundred times, the main character will still be poor.
