Chapter 35 Crazy August
When a factory manager who is a worker lives as a capitalist, and his appearance is even worse than a real capitalist, workers often give such people a special name - "worker thief".
If you simply interpret the word "information" and "slave" as a word that is composed of a piece together by combining the word "briber" prefix and the root of "slave" with the end of "briber".
The word "Worker" comes from the ancient imperial language, specifically refers to those traitors among slaves who were bribed by the bandit army and destroyed the rebellion or sold intelligence during slave rebellion. If you have to find a synonym in Dusand's mind, "Worker" may also be translated as "Song Jiang".
Just as the priests hated heresy and the empire was hostile to the alliance, any group would naturally develop extreme hostility towards individuals or organizations that betrayed themselves - to the workers, Yuri was a complete traitor.
Yuri, who was born into a worker and raised by a worker, should stand in the worker's camp no matter how he looks at it. But now, the betrayal, which is completely unconcealed, is nakedly presented to everyone. Such betrayal is so thorough that many workers' first reaction is to doubt whether they have mistakenly blamed the factory manager raised by the workers.
No matter what, betrayal is never a glorious thing. Even if you really want to be a thief, you should at least choose a relatively safe method and complete it in a less noticeable way, right?
Also suspected of his ears and was shocked, were members of the Central Special Forces who had been stationed in the Russel Gear Factory in advance, and Schultz, who was on the front line.
Schultz entered the Russel Gear Factory with the goal of representatives of grassroots workers. After all, he is old and his specialty is "communication and persuasion" rather than planning. Such objective conditions determine that his most suitable position should be to unite the workers, rather than act as a target of resentment by workers.
What's more, after a brief surprise, Schultz suddenly realized that there seemed to be nothing wrong with this.
To cultivate a group of workers who can see the status quo and realize that they are being exploited, the first thing they need is a relatively favorable environment. Originally, under the circumstances of Russel Gear Factory, such an "environment" could only be created by those special department members who were preparing to be targets. But now, an enthusiastic old factory manager has solved all the problems for them.
When they first learned that they wanted to deliberately create some exploitation, the members of the TKU had a heavy psychological burden. After all, this kind of thing was not a good thing. They exploited workers against their conscience, and then forced them to be filled with anger... Maybe the original intention was good, but in this process, there would be unknown how many people fell into poverty and could not continue.
Now, Yuri enthusiastically helped to give a "perfect" solution, and the members of the TK who sneaked into the factory quickly reached a consensus.
In order to thank Director Yuri for his timely assistance, everyone decided to prepare the best ending for this old director - it was too long and too painful to hang himself on the street light, so he could be shot directly.
Soon, a protest organized by workers began.
To be honest, the Central Special Forces did not put too much effort into organizing workers' activities. Instead, the workers' own organizational ability really scared the members of the Special Forces. Within two days, the workers in various workshops quickly completed the division of labor. The literate workers were responsible for counting members and formulating slogans, while others were responsible for planning and executing strikes.
In order to ensure the safety of the workers involved in the strike and their families, members of the Central Special Column quickly began to intervene and formulated a more detailed strike plan for them. From the march route, to the strike method, to the goal they were to achieve - a planned large-scale strike event is gradually taking shape.
On the other hand, the financial procurement department of Olin Development Bank began to purchase options.
In fact, it is much easier to obtain leverage to implement cross-market interference tactics than Lorraine expected at the beginning. After successfully acquiring Olin Commercial Bank, Olin Development Bank quickly received olive branches from other banks opened in Olin. These banks have expressed their willingness to provide Olin Development Bank with a large amount of low-interest funds to show sincerity in order to cooperate with Olin Development Bank on absorbing public deposits.
The funds delivered to the door are not in vain. Olin Development Bank quickly accepted this large amount of cash and began to pretend to participate in the "Conference on Standardization of the Public Deposits Industry" jointly initiated by more than a dozen Olin Banks. At the same time, the securities industry department of Olin Development Bank, which had just completed its takeover, began to acquire coal orders that expire next month.
Coal production is relatively stable - on the one hand, the amount of coal that can be mined in each mine is similar every year, and on the other hand, it is now the low season for Olin's coal consumption. Ordinary people or nobles have very little demand for using coal for heating, and other metal smelting factories have not received particularly huge orders at present - the Imperial Navy is currently fine and has no plans to expand its army quickly.
Therefore, coal prices have been falling all the way, and other traders in the market are reluctant to buy options in large quantities. The purpose of option trading is to provide manufacturers who need to buy coal with a "relatively stable and controllable" trading opportunity when prices fluctuate violently.
However, coal prices are falling all the time, and market demand is weak. For many companies, instead of buying options, it is actually better to contact the coal mines directly and buy spot coal directly from them.
At the same time, in order to "use efficiency" of funds, many owners of smelting factories even deliberately compressed the coal inventory in the factory to a point where it was only enough for the factory to use for five days.
As for these funds... most of them were deposited in Orin Development Bank.
There is no way, who made Orin Development Bank the only one among all banks that currently absorb public deposits, which can guarantee current deposit and withdrawal services?
The deposits of the smelter became one of the main ammunitions for the Olin Development Bank to launch an offensive, and their reactions would also be the beginning of the war.
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On August 7, the sun was scorching in Olin Imperial City. In the stock exchange of Imperial City, the price of coal September futures, which had been calm, suddenly showed a slight upward fluctuation.
The volatility level is not very large, only 0.1%. However, the transaction volume is enough to attract the attention of some participants - some people purchased September coal futures worth 120,000 pounds in one go on the Imperial City Exchange. The average coal futures selling price of these futures on September 15th is one tenth of the market price of 13 pence per pound.
In other words, in early August, some people bought 13.29 million pounds of September coal futures in one go. Although the total amount is not large, the occurrence of such transactions is a bit strange in itself.
None of the traders who survived the futures trading market were simple-minded fools. They quickly began to find out the news - is the Admiralty Department having a new shipbuilding plan? The purchase order for 13.29 million pounds of coal is not too large, but it is not a small amount - large smelters have advanced technology, and an average of smelting 2,200 pounds of pig iron consumed about 3,960 pounds of ore sand and about 1,760 pounds of coal.
This is probably only equivalent to the fuel required for 16.61 million pounds of pig iron. The weight and measure that Dusand is well-known to be 8,300 tons.
For the Imperial City Stock Exchange, the fuel consumed by 8,300 tons of pig iron is not a big deal, but this tendency still makes everyone care a little.
What is even more interesting is that the price of iron ore sand in September does not fluctuate with the fluctuation of coal futures. In fact, the trend of various industrial ore sands is still very stable. It is so stable that it makes people suspect that the 120,000 pound transaction this time was just an "unexpected transaction" that occurred because a trader mishearded the boss's command.
On August 8, after confirming that the Navy and the Army had no plans to increase equipment recently, the Imperial City Stock Exchange once again saw large transactions. The transaction amount this time was 240,000 pounds. Affected by this transaction, the coal futures price for delivery in September rose by 1.2%.
On August 9, Imperial City Securities traded September coal futures for 680,000 pounds, and the price of coal rose rapidly from thirteen pence per pound to seventeen pence.
Affected by the transaction, the price of ships that transport goods from mining colonial stars to Olin rose by 1%.
On August 10, just as everyone began to pay attention to the transaction, Olin Development Bank stopped buying and began to sell out some of the September coal futures they had bought. Traders suddenly felt that they had seen through the truth - this is that some traders tried to raise the price of coal through centralized purchases and then turn to sell to make a profit.
On August 11 and 12, the price of coal September futures returned to the level of thirteen pence per pound. And traders began to short coal - the futures they used to short were borrowed from Olympia Bank.
On August 13, under the instructions of Lorraine, Olin Development Bank took action again. They purchased 2.25 million pounds of September coal futures from the market in a single day. The price of September coal futures rose instantly to 19 pence per pound.
On August 14th, the transaction was 3.5 million pounds. On August 15th, the transaction was 5.2 million pounds. By August 16th, the coal futures price on the Imperial City Exchange had risen to 45 pence per pound. All traders were panic looking for reasons why these transactions could be established. There were even rumors that the Imperial University invented a machine that could turn coal into gold, which led to such a large-scale coal purchase trend.
By August 16, Olin Development Bank had purchased September coal futures worth 12.3 million pounds. Lorraine had about half of the ammunition left.
Just as the market was anxiously preparing to welcome the new crazy trading day, another news completely ignited the entire Olin financial circle.
The largest engineering gear factory in Orin, the Russell Gear Factory, has experienced a strike wave. Workers announced that all production at Russell Gear Factory will be suspended from now on - all orders that will be delivered to customers starting on August 18 will also be suspended.
On August 17, Lorraine did not take action. The coal futures price for September delivery was directly raised to the level of 62 pence per pound with the participation of other traders.
On August 22, Olin Development Bank agreed to the short seller to buy two million pounds of September coal futures at the price of "one hundred and forty pence per pound of coal". In this transaction, a short seller's gross loss for one pound of coal reached an astonishing 127 pence. The coal futures price in the market has soared to the level of one hundred and sixty pence per pound.
Based on the current price, the futures in the hands of Olin Development Bank have made a profit of 563.81%, and the formal attack... has just begun now.
Chapter completed!