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Chapter 4: The Sting
Back in the Mediterranean, the pace of life moved on as smoothly as ever. Piers was sharing a joke with one of the Ambassadors. He couldn't remember which country, and it hardly mattered anyway.
Catrina was sitting on the arm of his chair. A trophy wife, but a real asset. Not hampered by political correctness, she had all the feminine power she wanted in the money Piers made. Nor did he begrudge a penny of it, every man in the room was looking at her now, as she laughed and threw back her head.
Piers knew that gave him more power. Envy was a terrible demon, but one he controlled now. None of the other men had brought their wives, as they were hoping to find new, secret, companions later that evening at the gaming tables. St Tropez was full of them.
"Now Piers, what about investing in this stock," said Durrant, his financial advisor, and ear to the real world of the stock exchange. "It's rising, and you could lose out if you hesitate."
"Good point Durrant, but we could make more money on the futures market," Piers wondered if he would take the bait.
"Yes, but we would have to be careful how we played it," added Durrant.
"Why is that?" asked the Ambassador, almost naive in these matters, for a politician.
"You see sir, we want to invest a lot of money, because we know the stock will rise," Durrant lent over the padded seat in the yacht's lounge to explain it to him. Durrant was never tired of this.
"Yes, I see." The man's small mind was racing to keep up.
"Well, if we do, everyone will know, and everyone will know it's us," Durrant pointed across the deep carpet to Piers. "So everyone will know it's a sure thing."
"Right!" said the Ambassador, nodding his head.
"So they will flood the market with their own money, knowing that if they follow us, they will score too."
"Yes."
"Well that's the worst thing in the world for us," said Durrant.
"Why?" The Ambassador almost spilt his brandy at the shock of this.
"Because we don't want them to make money too, we want to sandbag them."
"But you will make a lot of money?" The Ambassador was clearly struggling with this concept.
"Yes, but we don't need any more money. What we want is power. More power over people, so we can control all the money."
"Why?"
"Because we can," Piers spoke up, drawing on a Havana cigar.
"So tell me, gentlemen," said the Ambassador, shifting in his chair, "how will you take power from these men?" Power was something he understood very well. "You can't steal the money from them? And seeing as your stock will rise naturally, you will all make a profit?"
"Good point your Excellency," Durrant continued with the plan. "What we have to do, is lure them into a trap. Once we have them, we can control them any way we like."
"Hardly likely if they know what's to come?" said the Ambassador, holding out his glass for more brandy. "If your enemies know what's to come, they are one step ahead of you? I can't see your plan working."
"Under normal circumstances, you would be right Excellency. But we have to think several steps ahead, not just one or two." Piers wondered how many times they had put this plan into operation. "We have to make them think it's a sure thing. A rock-solid bet. Once they get wind we are pulling out, they will run too. So we have to make sure our money goes down the drain first."
"Madness!" cried the ambassador. "How can you lose money, like that?"
"We can afford to," smiled Piers. "Come this way sir, and I'll explain things a little clearer."
They walked into the private casino onboard the yacht. Piers sat at the roulette table and placed some betting chips on the velvet. He waved away the croupier staff with a smile, to show he did not want a serious game. He rarely played.
"Now suppose these chips are our stake money." Piers placed the chips across the cloth on various numbers. "This is the ball, and we know where it's going to fall. He placed the small ball on the roulette wheel, on black thirteen."
"So everyone knows where it's to fall," the Ambassador leant over the table to see what the plan really was. "If the ball lands there, everyone is rich?"
"Sure. But now we have to play for big money." Piers took a handful of chips. "We put up say, 10 million to start with. That will get people's interest. Certainly, it will pull in a few million, but not much. So once things start rising, we pour in another £50 million. That will get the market talking, but still won't get the big boys interested." He pointed to the huge pile of chips on the edge of the table.
"How much money would have to be on the table for them to bet?" The ambassador took a drink of brandy, the noise of the party growing outside the cabin.
"I spread the word around, and tell them we are to bet a 2 to 3 hundred million," Durrant took a fist full of chips and dumped them on the table. "The word will go out, that the professional markets are interested because they know it's a sure bet. That ball will definitely fall on that number."
"I still don't understand," the Ambassador took another concerning drink. "If the ball lands you will all make money? You can't steal their money as you would be stealing your own. So where is your bigger plan?"
"The plan lies in what we do next." Piers arranged the chips in long lines on the table. "We find a group of fund managers who are desperate and greedy. Someone like the insurance market, that has fallen so low, it will do anything to crawl back up again. We convince them there will be a huge movement in the market."
"There can't be that much money in the world, to pay all these players," Durrant added. "Plus, you have to remember the bookies- I mean the brokers- will know what's going on, and change the price. So there isn't enough money on the table to pay them all, no matter how certain they are of winning."
"Go on."
"So we throw the game," smiled Piers.
"What?"
"We make sure we lose the game," Piers took the small ball and moved it to another number."
"But you will lose?" cried the Ambassador.