Even though the Japanese governnt was using $200 billion to fight back, Zane Blackwood wasn't just sitting around.
He was busy making his next big plan. He was also studying why this whole money crisis was happening.
What? You think Zane was just doing this for fun, like howork?
Of course not!
"If you only know what is happening," Zane thought, "but you don't know why it's happening, you can't find the secret chances to make even more money!"
He learned that the main reason for the crisis was that banks were not being careful.
In their rush to make money, the private banks were lending out money to everyone. They were being very, very ssy. They let people borrow huge amounts of money, even if they couldn't pay it back.
In just a few years, many banks in Japan were doing this.
"You want to borrow from our bank?" they'd say. "Of course you can!" "Only $10 million? That's too little! Let's make it $100 million. We can do that." "Oh? You don't have enough stuff to promise you'll pay it back? That doesn't matter. We'll help you with the paperwork. The loan will just cost a little bit more. Is that okay?"
This was how the banks in Japan were acting.
And here's the crazy part: the money they were lending wasn't their money. It was the people's money! It was the savings of regular people who had put their trust in the bank.
The bank workers didn't care if the loans were paid back. They were making their own money from the deals. Even if the bank went broke, the workers had already made a fortune.
"We can make our own money," was a popular saying in the Japanese banks back then. "Who cares if the savers get their money back?"
This was one of the main reasons the country's money market was so damaged.
Zane looked at a report and whistled. "Wow," he said to Henry. "It's only been a few months since this all started, and 22 private banks in Japan have already gone bankrupt?!"
When a bank goes bankrupt, it ans all the money that people saved in it... is gone.
Where did it go?
Well, it went into the pockets of the bank workers. And a lot of it went to the big money players, like the ones on Wall Street. And... a part of it also landed in Zane's bank account.
"Boss, I bet that by the ti this is all over, at least 40 banks will go bankrupt," Henry said.
Zane just laughed. He knew the future. He knew it was going to be way worse than 40. It would be more like 60.
Japan was in for a lot of hurt. The governnt was trying to use $200 billion to stop the big money players from making a fortune?
Just you try, Zane thought with a grin.
...
Around 10 a.m. on the 25th, just one hour after Japan announced its big rescue plan, the governnt started pouring billions of dollars into the market.
Their top money expert, a 52-year-old man, went on TV.
"We are not a small country!" he said, looking very proud. "We are a world power. We are sure we can beat any country or company that dares to ss with us!"
"Our governnt is using $200 billion! That's the third-biggest backup fund in the world!"
"What about those Wall Street clowns?" a reporter asked.
"You heard , they are clowns in my eyes!" the expert yelled. "If you don't believe , just wait and see!"
The people in Japan heard this and felt very confident. They believed their governnt would win.
But all the big money players, including Zane, just scoffed.
You think $200 billion is enough to stop us? they all thought. Our trillions of dollars might not be on the sa team, but we have way, way more money than you.
For the next few days, the yen market turned into a massive, world-shaking battlefield.
Did the yen's value go up? Yes, it did. But before it could get very high, the big money players would all sell at the high point, make a profit, and push it right back down.
It was a sweet deal for them!
No matter how much money the Japanese governnt spent, the big banks just soaked it all up.
One day!
For a whole day, the markets were pure chaos.
By the next morning, the yen's value had gone up... but only by a tiny 1.2%.
Had the Japanese governnt won?
Win? No way! That tiny 1.2% rise had cost them almost $20 billion of their backup money.
So of the smaller money players had lost a lot. But the giants, like the big Wall Street banks, had made hundreds of millions in profit.
Zane's company, Gale Capital, had played it smart. They made a few good moves, didn't lose anything, and even made a small profit of $3 million.
...
On the 26th, the governnt spent another $15 billion. On the 27th, they spent $13 billion. On the 28th, they spent $17.5 billion.
...
By November 8th, it was over.
The $200 billion rescue fund was basically empty. And the yen's value hadn't really gone up at all.
It was a total failure.
All the smart experts in Japan were completely stunned.
The 52-year-old expert who had been so proud on TV was now full of shock. He roared, "Impossible! How can our great nation fail! This is fake! It's all fake! I don't believe it!"
But yelling was just what losers did.
That night, on the news, the Minister of Finance sadly announced that the rescue plan had failed.
The people of Japan cried.
And all over Wall Street, the big money players popped champagne bottles!
Soros, the boss of the Quantum Fund, declared loudly, "Japan is now a delicious cake for us. Guys, it's ti for our harvest!"
"Yes, boss!"
...
At Gale Capital...
At the sa ti, Zane stood up in front of his team, a huge, excited smile on his face.
"Team! What are you waiting for?" he shouted. "Japan's $200 billion is gone! They are now like a girl with no clothes on, letting us do whatever we want!"
"Hurry! Hurry! It's ti to make money!"
All over the world, the money players were dizzy with excitent. The chance to grab a huge amount of money had finally arrived.
The people of Wall Street turned into demons and began to enjoy the feast.
Of course, for Zane, Japan's bad luck was his good luck.
He did not hesitate. He took all the money he had, including all his recent profits, for a total of $500 million.
And he invested all of it into the Japanese money market.
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