American TV series

On April 15, the governors of many central banks met in Basel. In his speech, Schlesinger publicly stated that he could not guarantee the future trend of interest rates and expressed that he did not have much confidence in the fixed exchange rates of European currencies. He highlighted names in his speech.

Italian lira.

This news is equivalent to a severe blow to the British, causing the financial market that had just eased to suddenly change again.

The currencies of various countries as a whole began to fall, but the people who suffered the most were not the British but the Italians.

Everyone in Yidaili was dumbfounded. Damn it, the dispute between you boss and the second child is none of our business, Yidaili!

Why are you mentioning me? Ah, why are you mentioning me?

Is there any heavenly principle?

Is there any royal method?

…

High emotional intelligence: care about partners and devote yourself wholeheartedly.

Low emotional intelligence: Has no trust in partners and always asks about progress.

After finding out that Soros was involved, Sean waited for a few days and then called to ask about the situation.

"Everything is on the right track." Soros was in a good mood and reported the progress to Sean with a smile. "We can see many things, but ordinary people cannot understand them."

"Every day work and family life are already overwhelming them, so we need to lift this lid first and expose it to everyone."

"The results are very satisfactory. Now the whole of Europe knows that there is something wrong with the European exchange rate system created by countries binding the German mark. Countries other than Germany want Germany to cut interest rates, but Germany refuses to accept it."

"The media interviewed Schlesinger after the meeting yesterday. We asked him what he felt about the concept of ECU."

"What do you think he said?" Soros was in a good mood and started to sue Sean.

Sean doesn't mind either, as long as he has the ability and can help me make money, joking will only make him feel good.

"Oh, how would he answer? He wouldn't hope..." Sean was stunned for a moment, then said softly, "Eh, it's really possible!"

"Hahaha, Mr. Sean is so young, but he has such a keen grasp of human nature. It really makes people envious and jealous!" Soros slapped him with a flattery, and his movements were extremely natural," Schlesinger said.

:I like the idea of ​​European currency, but I don’t like the name “ECU”. I would rather it be called the Deutsche Mark.”

As he said that, Soros laughed and didn't give Schlesinger a penny, but he is our strongest ally!

ECU, European Currency Unit, is the predecessor of the euro and represents the idea of ​​a unified European currency. It was proposed together with the European Exchange Rate Mechanism in 1979.

The European Exchange Rate Mechanism was proposed. The first purpose is of course to break exchange rate barriers, strengthen economic cooperation between regions, and make the European continent a big market. While further activating it, it also promotes mutual cooperation among countries, rationally distributes industrial chains, and increases

The market’s ability to resist risks.

But the second purpose is fundamental, which is to pave the way for Europe to agree on its currency, the euro!

The euro sounds simple. It means that all European countries use one currency. But in fact, there are many difficulties. It took 43 years from the proposal to the actual implementation of this idea!

This is really not ink. For example, the exchange rate issue is one of the more difficult ones. After all, it is currency unification, not national merger.

The purpose of the euro is to improve the European single market, make free trade between countries more convenient, and speed up the EU integration process, rather than letting powerful countries suck the blood of weak countries!!

Therefore, many things must be promoted little by little, tested, and lessons learned from failures. Just like in the north, the European Exchange Rate Mechanism is a testing ground.

In fact, after Soros's short selling of European currencies, the European exchange rate mechanism has evolved, from ERM-1 to ERM-2. The most important point is that the fluctuation has expanded from 7% to 15%.

Provides a more relaxed environment and space.

Closer to home, but the European exchange rate mechanism has really withstood the test, then it will inevitably evolve, and various parliaments will jointly establish the European Central Bank, and the European Central Bank will replace the current position of the Bundesbank.

The establishment of the European Central Bank is a very historic good thing for the overall development of Europe, but this does not mean that it is a good thing for Schlesinger.

Schlesinger, now the president of the Bundesbank, can be said to be the brightest boy in Europe. One sentence can determine the rise and fall of many countries. 12 countries all rely on Schlesinger's face to act!

Even European countries that have not joined this exchange rate mechanism must look up to Schlesinger!

This kind of right is a poison that men can never get rid of!

But once the European Central Bank is established, Schlesinger will never be allowed to be president!

Germany already occupies a dominant position, but if the president of the European Central Bank is given to Schlesinger, why not set up a shitty European Central Bank? Just use the Bundesbank!

Therefore, Schlesinger least wants the ECB to be established now.

I can be patriotic and I can love the world, but this cannot be based on harming my interests.

Therefore, Schlesinger's stance must be tough, even if it will harm the interests of many countries and people...

One general's success will destroy ten thousand bones!

Softhearted?

If you are soft-hearted, follow your mother’s politics!

After listening to Soros's words, Sean clicked his tongue. He also thought of something just now, but he didn't go into it deeply.

After thinking about it, Sean asked again: "Then do you think, after this time, will it be a good thing or a bad thing for the birth of the euro?"

"This...should be a good thing." As he said that, Soros sighed.

The European Exchange Rate Mechanism is used to explore paths, and their actions this time helped the other party find out the problem. From this perspective, the Europeans should be grateful to them.

Earned billions of dollars in tears!

But, for the United States, this is really a bad thing.

The US dollar is undoubtedly the largest foreign exchange reserve currency, but once the euro is born, it will definitely have strong competitiveness.

Europe is currently the second largest market in the world. The background of the euro is too strong. It is certain to seize the reserve currency share of the US dollar. If, if the pound is added...

It is inevitable that the US dollar will be challenged.

Of course, whether Soros is short or not, it cannot prevent the birth of the euro. At most, the time will change from morning and evening to noon...

Sean calmed down and said with a smile: "Since it is a good thing, then you have to say it. I will arrange for someone to prepare a manuscript and help you clean the floor afterwards."

Soros: "..."

Are you filled with tears?

Is this what it feels like to have a caring father?

Love it, love it!

…

The day after communicating with Sean, April 17.

Schlesinger's announcement that Germany could not make any commitments on future interest rates was widely reported by the media. Soros took action directly and cooperated with other foreign exchange companies on Wall Street. Everyone began to sell their Finnish marks in the foreign exchange market and buy strong ones.

of Deutsche Mark.

The initial move was not particularly big, and was reserved as an opportunity for the Bank of Finland to urgently mobilize foreign exchange reserves and US dollars to enter the market to buy Finnish marks.

If the Bank of Finland doesn’t invest and doesn’t take over, who will make the money!

The Bank of Finland invested US$1 billion in half a day, but the result was nothing but the price of the Finnish mark starting to fluctuate rapidly up and down. In the afternoon, the selling intensity on Wall Street suddenly increased...

The Bank of Finland suddenly discovered that its foreign exchange reserves were insufficient, and capital predators were eyeing their country.

Even though Finland's GDP was more than 120 billion US dollars in 1990, it was a developed country, but it still could not withstand this impact. That afternoon, the Bank of Finland publicly announced that it would abandon the Finnish mark and the fixed exchange rate system.

In one day, the Finnish mark plummeted 15%!

This is enough, but we can’t really turn it into waste paper. Finland is too small, so no one will make any profit!

Finland's losses were no less than those of Thailand in the following years. Of course, Finland's industrial level is not comparable to that of Thailand, and its ability to resist risks is higher.

On April 18, after the Finnish mark was captured, Soros and others once again set their sights on the Swedish krona.

In fact, no other Wall Street company that specializes in foreign exchange speculation has enough money to cooperate with Soros... The cash in US dollars he currently has is twice that of Sweden's foreign exchange reserves, but the cake must be cut and shared so that the birthday can be happy.

Within one day, the Swedish central bank raised interest rates crazily, with interest rates soaring to 75% in one day. Even so, the Swedish krona fell as high as 12%.

On April 19, Soros and others abandoned the bloody and mangled body of Sweden and flew towards the Italians!

Do you think Soros and others first moved towards Finland and Sweden because they were interested in the profits?

No!

Those profits are not much, especially after everyone shares the food, what everyone wants is to create an atmosphere of panic!

Let the cloud of financial crisis hang over the heads of Europeans and undermine their confidence!

Now, Soros and others have eaten up Finland and Sweden, accumulated enough momentum, and led a large number of speculators to attack the Italian lira!

After all, Italy is not Finland or Sweden. It is one of the 13 countries of the European Exchange Rate Mechanism. If the lira is captured, it means the failure of the European Exchange Rate Mechanism. He will definitely be rescued!

On April 20, the Italians received support from the powerful Bundesbank and borrowed $36 billion in one fell swoop.

Just want to scare Soros with $36 billion?

Stop it!

Sean's support has enabled Quantum Fund's own cash flow to reach US$5 billion, and this number can become 12 billion at any time!

Soros believes that as long as he speaks, Sean can make this number become 220,320 in a short time...

There are also the meat-eating wolves of Wall Street!

There are also speculators who follow the soup!

There is no shortage of Europeans here, and there are a lot of them.

Schlesinger was right when he said that there are indeed huge risks for lira.

In the foreign exchange market, a group of people led by Soros began to frantically sell the lira positions obtained from major European banks and exchange them for more valuable German marks. Italians began to scan the goods.

On the first day, Italians invested US$5 billion three times in a row...

Even so, it just barely kept the lira from falling, and there was no need to think about appreciation!

This allows speculators who follow the trend to see opportunities. This group of people are the craziest and dare to use hundreds of times leverage.

The next day, more selling orders came in. In just one morning, Italians poured in another US$5 billion. By night, a total of US$8 billion was poured in...

Crazy, so crazy!

In just one day, the two sides used more than 20 billion U.S. dollars of funds, which can produce trillions of effects in the financial market. How many countries have a GDP of more than 100 billion in a year these days?

Until a winner is decided, there is no gain and both sides are suffering losses.

Only banks that serve as transaction guarantee platforms are making money…

Banks are the most profitable business!

This madness is not over yet. On the third day, the Italians poured in 10 billion US dollars, but the lira was still struggling, with no sign of victory in sight.

Three days, three days, do you know how the Italians spent these three days?

23 billion US dollars were invested in three days. How much wealth is there in total?

Damn it, don’t you need to pay back the US dollars you borrowed?

This kind of madness not only made the Italians miserable, but also the British across the sea were frightened!

In the past two months, the pound has fallen from 2.95 marks to 2.85...2.7964...2.7780...

In order to stabilize the value of the pound, the Bank of England has swept 3.3 billion pounds from the market, but this government intervention has not had any effect, and the pound is still falling.

This is because Soros and others did not take action on the pound, but only secretly closed their positions in the pound.

So where did these depreciations come from?

The answer is that the British did it themselves!

As we said before, the British are deeply divided within themselves.

The British economy is in recession and exports are hindered. In theory, the British government needs to cut interest rates and devalue the currency to stimulate exports. However, the British government is restricted by the European exchange rate mechanism. However, it has been raising interest rates, stimulating currency appreciation, and maintaining the exchange rate with the mark.

This behavior of the British government has been criticized by the vast majority of financial experts in the country. Domestic business leaders are also constantly lobbying the government and speaking in the media demanding a lower exchange rate.

People also hope to cut interest rates because of real estate mortgage loans...

Various reasons, coupled with Murdoch's fueling, have resulted in this situation!

However, British Prime Minister Major and the Chancellor of the Exchequer publicly stood up for interviews and repeatedly reiterated their insistence on maintaining the current British policy unchanged and emphasized that the United Kingdom has the ability to keep the pound within the European exchange rate system.

Leave your mother alone!!

Before Soros and others take action, the pound will not be able to hold on!

On the fourth day, April 24, Soros and others continued to increase their selling of the lira. At the same time, they joined forces with Murdoch to analyze Italy's economic situation in the media and why the government still could not raise the lira despite investing such a huge amount of funds.

, analyze where the problem lies.

The more we analyze it, the more pessimistic we become. Various evidences show that Italy’s economy has a big problem and the lira may not be able to survive it.

On the fifth day, the sixth day... within three days, Italy directly sold out all the cards in its hand, borrowing 36 billion U.S. dollars plus its own foreign exchange reserves.

On the seventh day, the lira plummeted 7% in one day, falling to the lower line allowed by the European Exchange Rate Mechanism. The Germans finally couldn't sit still and stood up and promised to cut interest rates by 0.25%.

Good news?

wrong!

As soon as the news came out, Soros and others cheered, and the market collapsed completely!

Lira, collapse!

Soros and others made back all the money they had invested before, and even tore a large piece of meat off the body of the idiot. A group of hungry wolves with mouths full of blood all aimed at the pound!