Rebirth of the Financial Overlord

"Taiwan Shi Bao" has a history of more than 200 years in the UK and is the largest mainstream newspaper in the UK. As a top student who graduated from the Department of Economics of the University of London, Anatoly Kelly also enjoys a very high reputation in the UK .

During the privatization process of the state-owned enterprise reform, Mrs. Thatcher once rejected a buyout of up to 100,000 pounds by the president of a state-owned enterprise, and strongly criticized the embezzlement of state-owned assets by capital during the privatization process.

One hundred thousand pounds, this is a very large sum.

At least, it was money that Anatoly Kelly would not be able to earn in five years under normal circumstances. It is precisely because of many similar reasons that Anatoly Kelly is known as the last clear stream in the British media industry, and he is the spokesperson of objectivity and justice.

Everyone has a hero in their hearts, and whether this hero is a god or a demon is not that important.

For most Britons, Shen Jiannan became a hero.

Everyone knows who is the person who launched an attack on the pound. From the time the "Taiwan Shibao" sold an interview with Anatoly Kelly, Shen Jiannan became the "man who brought down the Bank of England" and became a lot of British Heroes in people's hearts.

Although, in fact, the Bank of England was not destroyed, he did consume the wealth accumulated by the Bank of England.

This is a ridiculous thing.

But the truth is so absurd.

Just like when the Eight-Power Allied Forces entered the imperial capital, countless people took the initiative to lead the way.

The privatization process promoted by Mrs. Thatcher has completely reduced many working classes in the UK to the stepping stones of capital. Some families can even buy state-owned enterprises with assets worth billions of pounds at the price of one pound. Major’s slogan when he took office was to To change this status quo, the facts have proved that the cabinet government is extremely shameless.

Even at the last moment of the devaluation of the pound, Norman Lamont, the chancellor of the exchequer, and the Bank of England were still telling the public that the pound would never depreciate.

"In our conversation, Shen Jiannan, like a financial analyst, believes that speculation is harmful, especially in the currency market."

"But he believes that the measure to stop this kind of speculation is not not to speculate, just like a rapist, if he wants to make him truly realize his mistakes and correct them, the best way is to punish them according to the law, not ignore them. His criminal behavior is even selectively ignored."

If you are sick, you need to see a doctor.

Under Anatoly Kelly's objective economic explanation, everyone understands that the root cause of the depreciation of the pound is the economic deviation between Germany and the United Kingdom.

But in this matter, the cabinet government’s selective blindness ignored the problems of the pound, and used the means of concealing the disease to tell the public that they were not sick, and the final result would only lead to minor illnesses becoming serious illnesses.

The error itself is the error itself, even if I give up the attack on the pound, it will still go wrong.

And all I did with sterling was to get the error corrected earlier.

But apparently the Bank of England didn't realize this until the end, they've been wanting to restrict monetary liquidity until then, and it turns out that's usually more harmful. Restricting liquidity will make capital feel panic and uneasiness, and will shake investment. The simultaneous decline in the stock market and interest rate market is the best proof. "

It's like a sharp knife that has been inserted into the hearts of too many British people.

In order to intervene in the exchange rate of the pound, the Bank of England raised interest rates several times, causing a large-scale sell-off of national debt and stock markets.

What's more irritating than falling Treasury bonds and stocks?

No.

What's more, in the end, the Bank of England dared to fail the pound, but it caused a comprehensive plunge in the stock and bond markets.

Process is not important.

All the results point to one point, the cabinet government is utterly stupid.

A British TV reporter declared: "The government's obligation to the exchange rate mechanism should keep the Bank of England safe, but it doesn't realize it.

The losses were huge as the bank used up its foreign exchange reserves to protect the pound's exchange rate.

The government won't say how much we have lost, but it could be in the billions, and far more has been spent protecting the pound this autumn than we have spent on the Gulf War. "

In this way, Shen Jiannan became a hero.

He became a hero in the hearts of the British.

The stupidity of the cabinet government Most people can only roar and curse, but they are powerless, but at the critical moment, Shen Jiannan gave this stupid cabinet government an iron fist and made them deeply aware of their mistakes.

Of course, those who regard Shen Jiannan as a hero will never admit that the stock market rebounded because of the continuous plunge.

In the conference room of the Admiralty Building, an urgent meeting was forced to be held temporarily.

Prime Minister John Major sat on a chair with an ugly expression on his face. Norman Lamont, the chancellor of the exchequer, also had a dark cloud on his face, and a feeling of humiliation and incompetence enveloped the two of them.

From an objective point of view, what they did at the time was not wrong.

The price of the currency market is related to the future of this country. If you do not try your best to prevent the depreciation of the pound, more people will join the ranks of selling pounds. In this way, no matter how much foreign exchange reserves the Bank of England has, it is impossible to resist all the people. Sell ​​British Pounds.

Confidence is something more important than gold.

As Chancellor of the Exchequer, Lamont is deeply aware of this, which is why he has stated countless times in front of the camera that no matter what the circumstances, the pound cannot depreciate.

But the world of adults never pays attention to process, especially politics.

Norman Lamont has a feeling of being bullied. He knows that in the face of constant accusations from the media and the public, he is afraid that it is time to resign.

The atmosphere in the venue was a little awkward.

None of the people present were fools. In fact, they knew very well that if they were replaced by Sister Mei, they would probably not do better. If they really wanted to investigate, neither the Iron Lady nor the royal family could escape the responsibility.

All the problems stem from the privatization reform. It is precisely because of the privatization reform that the property of state-owned enterprises has been annexed on a large scale, which has led to the loss of huge state-owned assets.

Germany?

It can only be regarded as an inducement.

But these things must not be said, and the members of parliament looked at each other, sympathizing with the newly appointed prime minister.

“I don’t think we’re at fault for this. If Schlesinger had promised us to cut rates, we wouldn’t be here today.”

"Damn Germans, if it weren't for their unreasonableness, it would never be so bad."

"."

When one speaks, another begins.

Members of Congress accused the Bundesbank of fueling the flames in this matter, and it seemed that all the faults were on the Germans.

Naturally, no one objected to this.

If the Germans are the scapegoat, then at least they will be under a lot less pressure.

Listening to his colleagues scolding Cole and Schlesinger out of righteous indignation, Norman Lamont's heart sank to the bottom. If it was in the past, these guys would definitely let him continue to take the blame, but now it seems that there is nothing to do with him.

This is a very bad phenomenon.

The meeting was over, and Norman Lamont followed Major out of the building dejectedly. He felt very tired in his heart. In this political pursuit, he became a complete loser.

But he still had the last ray of hope in his heart. The Prime Minister of the Cabinet had the right to decide his own ministers. If Major himself did not want to fire him, then he could continue to serve as the Chancellor of the Exchequer.

"Sister Mei is here!"

A cry woke up Norman Lamont, who was thinking wildly. When he looked up, he saw more than a dozen reporters holding equipment to block the way of Prime Minister John Major.

A trace of disgust and annoyance flashed in Lamont's eyes, as if he saw a bunch of cockroaches. If these reporters hadn't added oil and vinegar to fan the flames, the country would not have fallen to this point, and he would not have faced the situation of being fired.

But unfortunately, the reporter didn't care what Lamont was thinking. Some people saw that Major was surrounded, and immediately turned their guns and surrounded Lamont.

"Your Excellency Lamont, I am Anna, a reporter from the Sunshine Daily. Do you think it is necessary for you to apologize for the withdrawal of the pound from the ECU?"

"Mr. Lamont. Some analysts believe that it was your wrong decision that forced the pound to implement a floating exchange rate. Will you give an explanation to the public?"

"Your Excellency Lamont, Shen Jiannan, an international investor, earned 4.7 billion dollars from the depreciation of the pound a week ago. Does this mean that your wrong decision has caused the Bank of England to suffer huge losses?"

"Can you tell us how much the Bank of England has suffered in total this time?"

Instead of apologizing, Lemmon defended his decision to float the pound.

"Everything I did was just a common-sense choice before the financial whirlwind. I don't think I did anything wrong."

"."

"Mr. Major, it is said that you have a nervous breakdown because the British pound has withdrawn from the ECU. Is this true?"

"Master Major, there are rumors that you spend a lot of time hiding in the closet every day and delay work."

"Mr. Major."

"."

John Major was surrounded by many reporters, and the smile on his face was as forced as it could be. If he could, he really wanted to kick all these damn whores to the sky.

He's had enough of these bloody whores.

But as the Prime Minister, Major must maintain his proper demeanor. He is too aware of how poisonous the pen in the reporter's hand is. If he shows any dissatisfaction and annoyance, tomorrow, he will probably be scolded all over the place. .

"Yes. I am really not in a good spirit recently, and I have caused a huge loss to the country. This makes me feel deeply remorseful and ashamed."

"Then do you spend a lot of time hiding in the closet every day as rumored?"

"It does. But I was just trying to find a quiet place to think outside of work, and the whole thing made me seriously inadequacy and I've been blaming myself for it."

"I will not forget the promises I made during the general election, but it must have disappointed a lot of people who supported me when this happened."

"Yesterday, I had already written a letter of resignation. Probably, I will submit my resignation to the Queen when the recent events come to an end."

"."

"It's all lies, all lies. His Excellency Major was still very calm when he was working, and he didn't lose his mind in everything he did."

Major left, probably because the matter of resignation was too important, the reporters around him relaxed, and he seized the opportunity to leave.

Lamont, who had spoken good words for him, stood there blankly. He still wanted to talk to Major in private, but now it seemed that Major had no intention of talking to him at all.

Damn, thank you for saying so many good things for you.

Watching Major's car leave, Lamont felt a little annoyed, and pointed at the camera again.

"However, Major's hesitant character is too bad. I have analyzed the pros and cons of staying in the exchange rate mechanism to him many times, but he refused the pound to leave the European exchange rate mechanism again and again, which finally caused the government to waste hundreds of millions of pounds. A fruitless attempt to preserve the value of the pound."