Rebirth of the Financial Overlord
Chapter 393 Adding Updates to
Stockholm, Central Bank.
Sitting in the trading room, Ingves, the president, watched the krone's trend in the foreign exchange market, feeling devastated.
SEK 5.9045 fell, 12 percent.
The transmission mechanism of the financial market is like the track of the railway track. When a market changes, it will always drive another market to change strongly. Finland and Sweden are neighbors, and their political and economic alliances have connected their fates. As the mark continues to weaken, the bears in the market are like mad dogs, eyeing the Swedish krona.
Although Ingves had prepared to mobilize three billion marks to protect the market, the price of the krona was still knocked down by 12% within an hour under the impact of dense short selling.
So Ingves is having a headache. The krone is unilaterally attached to the ecu, and the fixed exchange rate system is implemented. The 12% decline has completely fallen below the 6% floating lower rail, but the 3 billion is poured down for even one No splash was seen, even if the remaining 4 billion was sprinkled, under the impact of crazy short sellers, it would be a drop in the bucket.
Scolding mother, already powerless.
Ingves couldn't figure it out, where did these mad dogs get the courage to attack a country's sovereignty and reputation.
This never happened.
From history to the present, there has never been, never has capital dared to challenge the country's sovereign reputation.
Facts were in front of him again. After looking at the price of the Finnish Mark and the trends of the Danish Krone, the Norwegian Krone and the Icelandic Krone, Ingves had to believe that there were really madmen who dared to attack the country's sovereignty and reputation, and they would attack five at a time. countries.
666
Is it really the devil's horn?
Otherwise, why would there be so many lunatics who dare to challenge the credibility of national sovereignty!
Damn Germans, damn Yankees!
And that devil from the East, damn it.
As the executive director of the central bank, Invensys couldn't see where the root cause of this series of reactions was.
If there were no crazy interest rate hikes by the Germans, capital would not continue to flow out of Sweden, putting the krona’s exchange rate mechanism under pressure to depreciate, allowing those international capitals to see the opportunity; if there were no Americans behind the scenes, the Soviet Union would not If it disintegrates, Germany will not merge, and there will be no current interest rate hike in Germany.
Capital outflows from Sweden wouldn't have accelerated without that damned Easterner who had made the variables of interest rate differentials a consensus and taught everyone how to earn interest rate differentials.
"damn it!"
Invensy cursed angrily.
But this time, he didn't even know who he was scolding.
If the people are united as one, it doesn't matter if there are ten times as many enemies selling short, but those damned people can run faster than rabbits in front of a little bit of petty profit.
Nasty rabbit!
Boom——
Suddenly, the door of the trading room was pushed open from the outside, and a young man in his thirties hurried to Invensys, wiping his sweat.
"President. It's not good. The bank called just now. Someone wants to borrow funds worth 500 million U.S. dollars from them at the current price. I let them hold off first. You see what to do."
Someone else borrowed money.
It's like a stick of glutinous rice stuck in Invens' throat.
To be short, you need to borrow, sell to suppress the price, and then buy it back. At this time, what the hell came to borrow money from the bank, or borrow such a large sum of money, you can imagine with your ass, it must be worse for Sweden.
"Cao Nima. Where did you come from, the **** bastard."
"It's the Quantum Fund."
"Damn Soros. Despicable and shameless!"
"President. What should we do now."
Banks are open for business, and there is no reason to refuse people to borrow money.
If you refuse, the whole of Sweden will become the laughing stock of the world, and it also means that all banks in Sweden can be closed down.
But borrow, where is the name of the Quantum Fund, if Invensy said it was still a guess, now he still doesn’t understand, the Quantum Fund just wants to borrow money, and use the money of the Swedish people to kill Sweden.
The krona worth 500 million U.S. dollars, if such a large amount of money is lent out, there will only be one result. Sweden will become the current Finland and become the food of the oriental devil and those Russians.
No borrowing, no way. Borrowing doesn't work either.
ding ding ding——
The phone rang suddenly, and the rapid ringing was particularly harsh in the trading room at this time.
Damn, what bastard is calling now.
Invensy cursed, but finally pressed the call button. Apart from the cabinet, only the finance ministers and central bank governors could know his phone number.
"Hi. Hello. This is Invensys."
"Hello. I'm An Ning. Your Excellency Ingves, to make a long story short, I think you have noticed the situation in Finland. We need Sweden's help now."
"."
"."
After listening to An Ning's words, and looking at the price comparison of the Finnish Mark, cold sweat broke out on Invens' forehead.
Markka, 6.1111, down 58 percent.
It was like seeing a living demon, and Invensy's soul trembled.
help?
Help you push! Who will help us.
Invensys is very clear that if he does not make a choice immediately, the Swedish carat will soon follow in the footsteps of the Finnish mark. When the central bank is unable to maintain the exchange rate, Sweden will suffer the heaviest price in a century.
"I'm sorry. Your Excellency Anning. Please forgive me for understanding the current situation in Finland, but there is nothing I can do. International capital is borrowing money from the bank, and I need to deal with it immediately. Sorry."
hang up the phone.
Invensys could no longer maintain his sanity, his brown eyes flickered with an extremely crazy color.
Borrow money, want to borrow money.
Quantum Fund, you bastards don’t want to use our Swedish money to kill us in Sweden, then I will satisfy your wishes.
"De Geer. Now, now, tell the bank and lend them money."
"What? We"
"Don't worry. I'll take care of it. Don't let these damn capital crocodiles feel the pain. They won't retreat. Now, it's time to give them some color."
"."
Finland, Central Bank.
Hearing the busy tone from the phone in his hand, An Ning let go of her hand, and the phone was transferred to the ground.
He never expected that the Swede refused so simply, and didn't even give him a chance to speak. Although he understood that, perhaps, the Swedes had their own difficulties.
"President. How is it?"
"Invensys refuses to help us."
"How could he do that. Damn it, we stopped the war for them."
Perhaps, this is the alliance.
A trace of bewilderment flashed in An Ning's eyes, and she glanced at the price of Mark in the market, her face full of despair.
"How much money do we have?"
"Twenty million."
It's over!
It's all over.
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