On Black Wednesday, when the stock market officially closed, the whole of Britain seemed to be shrouded in tears.
In one day, the pound depreciated by 40%. Looking at the roller coaster exchange rate curve, even many people on Wall Street couldn't help swallowing their saliva.
Too cruel, too cruel. This is the pound, one of the world's major currencies. Now Wall Street is so cruel, it really doesn't care about the old feelings at all, and it's killing it.
Lamont was trembling when he walked, and he took a deep breath facing the reporters with a pale face.
"Ladies and gentlemen, after our serious discussion. I announce that from today, the pound will officially withdraw from the ERM..."
Lamont announced the final decision of the British government to the reporters.
The pound completely withdrew from the European Monetary Unification Organization and implemented exchange rate freedom.
Failure, this day, Britain was defeated! Not only was it a failure for Britain, but it was also a failure for the European Monetary Unification Organization.
As night fell, the harvest time officially arrived. Soros's Quantum Fund made a total of 4.2 billion US dollars before and after this operation, and the harvest was rich. Soros himself made $1.1 billion, which is a huge profit.
Some other Wall Street investment funds also made a lot of money. In total, Soros and Wall Street investment tycoons made nearly $7 billion from the pound market, which was a huge gain.
But the one who made the most money was Xu Huasheng. The short position of 100 billion US dollars in pound futures and the 40% depreciation of the pound directly made Xu Huasheng earn $40 billion.
Compared with the $40 billion, the little money that followed Soros in the early stage was just pocket money, and a few hundred million US dollars was almost negligible.
Huaxia, when Xu Huasheng received the call, his mouth was full of smiles.
Another windfall, this windfall was earned comfortably and enjoyably. At the same time, Xu Huasheng also sighed that fortunately in this era, Internet transactions did not exist, and various transactions were still traditional keyboard transactions.
Otherwise, with the British nature, if they found so many shorts, they would have to unplug the network cable in the end.
Now the Internet era has not yet arrived, and the big data era has not yet arrived, so it is relatively easy to do such actions. When the Internet develops in the future and online transactions are established, if you want to do this again, you have to be on guard against some people not playing by the rules.
The drama ended, and Xu Huasheng felt very comfortable. This time, the UK suffered heavy losses. In one day, it lost 470 billion US dollars, which is worse for the UK, which already has a messy economic problem. With this, many British companies that were not very prosperous will probably be even more difficult.
In the days to come, it may be difficult for the UK to restore its economy. It will not be able to recover without a few years. This may even be the beginning of a major recession in the UK economy. After all, the current 47 billion US dollars is a super huge sum of money, which is more than the UK's US dollar foreign exchange reserves.
In the UK that night, many people could not sleep, and many even went to the rooftop.
But that night, Soros, who made a lot of money, tossed and turned and couldn't sleep. Obviously, he made more money, but Soros felt that he was cheated, and this feeling made him very uncomfortable. Soros also went to inquire about the mysterious shorts, but he didn't find any useful information, which made Soros even more uncomfortable.
In Huaxia, in a courtyard, a middle-aged man was reporting the situation to everyone in the room.
After listening to the middle-aged man's report, everyone took a deep breath.
The pound depreciated by 40%, which was too terrible. Although it is unknown how much money international capital has made from this, even a fool can guess that the UK must have suffered a lot this time.
"Should we ask our young comrade how much he has made?"
An old man couldn't help but say.
"Why bother so much. How much or how little he makes is his own ability. We shouldn't intervene in everything, so as not to make people feel uncomfortable. We shouldn't just stare at the money in their pockets..."
The old man in the lead waved his hand.
There is no need to report to Huaxia in detail all the money that Huasheng Group has legally earned abroad. As a government, it only needs to provide good services to enterprises. As long as Huasheng Group does not violate the law or mess around in China, everything will be fine.
Stock speculation and foreign exchange speculation are legal businesses.
Huasheng Group is no longer just a domestic giant, but has become an international multinational company. It has a lot of business overseas and earns a lot of money from foreigners. As Huasheng Group grows bigger and bigger, some things can no longer be the same as before. Even they have to respect others.
A big drama finally came to an end.
The next day, the London stock market opened, and the falling exchange rate rose, and finally stabilized at the level of Xu Huasheng yesterday.The exchange rate figures before they crashed the market remained stable.
In the end, the pound depreciated by 25% against the US dollar, and many people breathed a sigh of relief. Yesterday's 40% was too terrible, it was almost a halving. Although 25% was painful, it was barely acceptable.
"The pound exchange rate plummeted, Soros and Wall Street won a great victory..."
"The British and American secret war, and finally American capital won, and the British lost up to 50 billion US dollars..."
"Who emptied the UK, a detailed interpretation of the story behind the pound exchange rate war..."
"The black hand behind the European currency crisis, the real horror of Wall Street..."
"The United States is the mastermind behind the scenes, and a detailed interpretation of the importance of US dollar hegemony to the United States..."
"European shame, an independent and strong Europe can protect itself..."
Early in the morning, many media around the world began to report yesterday's events. Many mainstream media in Europe and the United States are also discussing it, but different countries have different views.
For example, the American media discussed the view that the British economy itself has a problem, and the depreciation of the pound is a market law.
European media, however, explored the lessons and impacts of this currency crisis, and implicitly pointed out the evils done by Wall Street capital, but did not dare to report it publicly.
However, the mainstream media in Europe and the United States did not interpret it, but the gossip tabloids below directly leaned towards conspiracy theories. These tabloids seemed to have discussed it and were carefully interpreting this matter today.
The black hands behind this matter leaned towards the United States, Wall Street, and Soros. Soros was praised as a god-like figure, the god of the stock market.
However, the final conclusion of all these reports points to one sentence: A strong Europe and a strong Britain are not in the interests of the United States. The United States is the real culprit behind the scenes.
Europe is the fat sheep raised by the United States, just like Japan, and it will be slaughtered after it is fattened.
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