Rebirth of the Financial Overlord

The other side of the Atlantic. The sun rises from the ocean and shines over Manhattan, making for the best start to a new day. The air is clear and sunny, and the breeze with a touch of humidity from the sea breeze feels particularly comfortable.

George Soros and Stanley Druckenmiller walked into the Quantum Fund one after another. When they saw a fax that the secretary put on the table, they smiled knowingly at each other.

It's all about the Bank of England's interest rate hike. In just one day, the British interest rate has been raised from 10% to 17%. It's like a dying person who is dying. Obviously, this is the end of the matter The signal - it's the last time to desperately sell the pound. Thinking of the huge profits that could be obtained by selling the pound at this time, the two couldn't help but get excited even though they had already experienced many storms.

George Soros took out a pack of cigarettes and a box of cigars from a drawer, and gestured to his successor.

"George, haven't you quit smoking?"

"Isn't it time to celebrate?"

"Haha. I am very happy to accompany you."

"Ha ha."

The two chatted happily. George Soros smoked the cigarette he hadn't smoked for a long time. Stanley Druckenmiller also picked up a cigar and lit it a little strangely.

The taste of nicotine is not the same as the taste of tobacco leaves in cigars, but the taste is equally wonderful for both, and it is conceivable that as long as more pounds are thrown at this time, it will mean a large sum of money Profits await them.

"Clark, can you come to my office?"

While smoking a cigarette, Druckenmiller picked up the phone and contacted Tom Clark, the head of the marketing department. This former central bank governor from Banco do Brasil is now in charge of many businesses at Quantum Fund.

bang bang——

Not long after, there was a knock on the office door. Following Druckenmiller's greeting, Tom Clark pushed open the office door.

He didn't seem to be in good spirits, with disheveled hair and tired eyes, as if he had just woken up from a station hotel.

However, Druckenmiller and Soros didn't realize anything. Tom Clark often fooled around in nightclubs. He was working all night at such an age, so his condition would naturally not be very good.

"Clark, would you like a cigarette?"

"Boss, I suggest you look at the market first."

"Walter?"

"."

Realizing something, George Soros and Stanley Drucken turned on the computer screen that was turned off at night.

The dark screen flickered a few times, and a familiar interface appeared on the monitor, but the picture displayed on the interface made the expressions on the faces of the two people very exciting.

GBP: Mark, 2.5835, down 29 percent

GBP:USD, 1.7895, down 27.5 percent.

Staring at the British pound price on the computer, Soros and Druckenmiller were speechless for a long time, and after a long time, they glanced at each other, like two stunned owls. In their expectation, the pound fell by up to 15%, but now, this drop has completely exceeded their expectations.

The cumulative decline, if calculated from 2.976, has already reached 17%.

how so?

George Soroston felt devastated.

Shorting, the market falls, theoretically speaking, it will definitely make money.

But this is only for the futures market, where the size of the capital fund is placed, and more position sizes can only be established from the spot foreign exchange market. This means that the borrowed foreign exchange must find a buyer to buy it, so that it can be bought back in the future to make a profit.

But now, the Quantum Fund only completed the establishment of a position of 10 billion US dollars yesterday, and it has not had time to sell all of them.

After all, the three of them have worked in the industry for many years and have rich experience. Realizing the seriousness of the problem, they did not blame anything, but immediately discussed how to solve it.

“I expect the Bank of England to announce that it is giving up on resistance soon. Before that, we must sell all the pounds we have.”

"But we're afraid we're going to have a hard time finding buyers now, and a drop of this magnitude means the Bank of England's foreign exchange reserves have been depleted."

"."

The conversation between Druckenmiller and Soros made Tom Clark confused, so he had to interrupt.

"We can sell pounds for less."

"."

George Soros and Stanley Druckenmiller glanced at each other. There were some things they couldn't tell Clark yet.

But now, apart from this method, there is no better way.

"Maybe, that's the only way to do it."

After the discussion between the three was over, Robert John, who was still in his dream, received a call from Stanley Druckenmiller. He got up from the bed and quietly called back, hoping that his wife Mary would not hear this time. conversation.

Because Mary Swift is an executive at the Federal Reserve Bank of New York, in charge of money markets.

Weird couple?

Not surprising at all.

Buffett is known as the fifth-generation stock god. It is spread all over the world how he built a financial empire from a boy, but few people know that behind him is the father of a US congressman.

As someone said later, American bureaucrats never take bribes.

But the people who said these things never said that Wall Street existed, so the brains would embezzle that little money.

"Stanley. We may have underestimated the existence of that Easterner. I have a feeling that the pound has fallen to this point. It must have something to do with him."

"Robert. Now is not the time to discuss this issue. I think we must sell our pounds as soon as possible. It will be our disaster when the Bank of England gives up resistance."

"Is there any other way?"

"What do you think?"

"Damn, we could have made more money."

"I understand how you feel, but that's the truth."

"All right."

"."

Not long after Robert John hung up the phone, Louis Bacon also called Druckenmiller. They talked about how things would play out and Bacon said he was still trying to figure out how to sell the pound.

"Really?" Druckenmiller blurted out.

Obviously, the major investment banks on Wall Street are aware of the seriousness of the problem. If the British government announces its withdrawal from the European Exchange Rate Mechanism, there will be a shortage of buyers for the pound. Judging from the results, this is in the interests of the United States. The British's departure from the European Community means that the ECU's threat to the US dollar will be greatly weakened.

The nature of capital is to chase profits. It is conceivable that with the sharp depreciation of the pound, European capital will leave the European continent to find new space for value-added and value-preservation. The US market is undoubtedly a very good market. choose.

But this is very inconsistent with the interests of capital. There is nothing worse than seeing the market but failing to achieve the expected return.

Druckenmiller told Bacon to wait, and a few seconds later Soros joined the conversation.

"Where did you find the buyer?" Soros asked desperately.

The position of 10 billion US dollars is the effect of the five-fold leverage of the Quantum Fund. If the British pound cannot be sold as soon as possible and the value of the British pound held by it cannot be sold as soon as possible, the interest alone is enough for the current Quantum Fund to drink a pot.

Especially thinking of the money borrowed from Xiyangyang Finance Company, Big Big Wolf Finance Company and Slow Sheep Sheep Finance Company, Soros has a feeling of being overshadowed.

To be precise, it was as if the main force was eyeing the money in his hand.

Soros has not felt this way for many years, when he was still in London, he was an ordinary retail speculator, and he would feel this way when he lost money after loss.

But he hasn't felt that way since he left London for America.

But now, the feeling of being stared at came again.

"We found buyers in Hong Kong. But I'm not sure if they will continue to buy sterling."

Hongkong?

George Soros was stunned for a moment, but when he thought of the relationship between Britain and Hong Kong, he immediately understood something.

An imminent thought could not be restrained from popping up in my heart. The Hong Kong government will consume a huge amount of dollars to buy so many pounds. Doesn't that mean that a large amount of money can be made from the Hong Kong market.