Rebirth of the Strongest Tycoon

"Everyone is here, so let's start the meeting."

"As for the current situation of the foreign exchange market, everyone has detailed information in their hands and has read them. We are already at a disadvantage. The offensive firepower of Wall Street and international hot money is very strong, and we are already at a disadvantage."

"We have to turn the situation around immediately, otherwise we will be broken into Australia's financial system by these financial robbers, the entire capital market will be bloodbathed, and we will face the same fate as Canada."

"If we lose, then I can only take the blame and resign, and many people here can't escape!"

The top Australian Finance Minister, Paul John, put his hands on the table and looked at everyone sitting with a serious look.

Everyone froze in their hearts, and subconsciously sat up straight, but their eyes did not dare to collide with Paul John.

In particular, central bank governor Jack Stave lowered his head in shame.

But he couldn't escape. Paul John directly called by name: "Jack, tell me what the central bank can do."

Only then did Jack Staff raise his head, take a deep breath and calm down, and said: "Minister Paul, the central bank's US dollar foreign exchange reserves are currently only $5.38 billion, which is not enough to support the situation for the time being. The most urgent thing is to find Strong allies and borrowing more dollar foreign exchange, now the competition is hard power, see who is fierce and who can last to the end.”

"The central bank is studying two methods, one is to further increase the short-term lending rate, and the other is the government's order to prohibit domestic banks from lending Australian dollars to international speculators."

These two methods are feasible, and one is more ruthless than the other, especially the second method, which is equivalent to cutting off more than half of the ammunition purchase channels for international speculators.

If there are not enough Australian dollars to smash the market, as long as the Australian government can hold it up until international speculators have no Australian dollars to sell, then the Australian central bank has the final say in the Australian dollar exchange rate, and all short positions can be wiped out!

However, this can only restrict domestic banks, not the branches of foreign banks in Australia, nor the financial or entity companies other than banks, so there are still loopholes, but this loophole cannot be blocked, nor can it be blocked.

Of course, although these two measures will be very effective, they will also be very harmful. If it is delayed for a long time, the domestic capital market in Australia will not be able to hold up first, and it will be easy to be chaotic and even collapse.

Policies are just means, and the most important thing is to compete for hard power!

Paul John's face softened a little, and he was satisfied with Jack Staff's work.

But the most important thing is the dollar foreign exchange issue!

He asked again: "Everyone thinks, if these two measures are implemented, how much foreign exchange in dollars do we need now to win this exchange rate defense war?"

"I think a minimum of 10 billion US dollars is needed, which is the amount required under the premise that the hot money on our side does not retreat."

"$10 billion is still a risk, and I think at least $15 billion is needed."

...

"The high short-term borrowing rate has had a negative impact on the domestic economy in just over a week. If the borrowing rate is raised again, the negative impact will be further highlighted."

"So if short-term borrowing rates are raised again, this financial war must be won as soon as possible, and we can't afford it!"

...

"If you borrow money, Wall Street has a stronger influence on the World Bank Organization and the International Monetary Fund. It is difficult for us to borrow money from the World Bank Organization and the International Monetary Fund, which is why we have not borrowed money until now. reason."

"I think it is better to borrow money from the United Kingdom, and let the British government find a way. Maybe it can coordinate the lending among the entire Commonwealth member states. Canada has been looted by capital, which has seriously reduced the influence and comprehensive strength of the entire Commonwealth. If We, Australia, have been looted, and New Zealand cannot escape."

"At that time, only the United Kingdom and India will be able to play a supporting role in the entire Commonwealth.

It is difficult for other 40 countries to play a role. How can they compete with Hongsu and the United States? "

...

At the end of the discussion, opinions gradually unified, especially when it comes to asking the UK for help, it has evolved into coercing the UK to help Australia.

According to their analysis, when the United Kingdom became the leader of the alliance, it had to bear the responsibility of protecting its younger brother, and the United Kingdom would not dare not to protect it, otherwise, the members of the Commonwealth of Nations would have to leave the United Kingdom when the news spreads.

Of course, there is no need for Australia to take this step until it is forced to.

Australia's policies have proven to be effective.

After the meeting, Treasurer Paul John briefed Prime Minister Bob Lake, who called Margaret Thatcher directly for help.

Although the UK is in the midst of a wave of strikes, the Conservative government's fight against trade unions has reached its most critical moment.

But in the end, the British government decided to help the Australian government. First, the Bank of England, in conjunction with its own banks, would lend $6 billion in foreign exchange to the Australian government; To help, it is estimated that the guaranteed minimum loan will be $4 billion.

The 10 billion US dollars is fully assisted by the UK. As for private capital, how much the Australian government can invite depends on their own ability.

For such a huge risk, the British government does not want its own capital to fall into the trap. After all, the behavior of capital has profit and loss. Unlike borrowing money between governments, it has to be repaid, and it is not afraid of losses.

If the capital of the country suffers serious losses, it will only be the country that will suffer in the long run.

The speed of actions between governments depends on the will of the upper echelons.

This time, in less than two days, with the help of the UK, the Australian government borrowed US$10.8 billion in foreign exchange.

In the past two days, the RBA chose to temporarily stop and let the exchange rate of the Australian dollar against the US dollar fall below 0.9.

But after the $10.8 billion in foreign exchange arrived, the RBA had $16.18 billion.

With such a strong fund in hand, the RBA's back was immediately hardened, and it was gearing up to fight a counterattack, regain the top of the mountain, and beat the shorts!

On February 11, the RBA held a press conference.

Australian Treasurer Paul John and Central Bank Governor Jack Stave were also present.

At the press conference, Paul John strongly accused Wall Street capital and international hot money headed by Bridgewater Fund and Tiger Fund of malicious attacks on Australia's foreign exchange, and strongly claimed that Australia is not Canada, and its economic development is in good condition. will commit suicide.

After that, Jack Stave, in the limelight, announced that in order to severely punish shorts, the short-term lending rate will be raised again, from 22.117% to 35.249%.

At the same time, the central bank also issued another decree prohibiting domestic banks from lending Australian dollars to international speculators.

The moment the decree was exported, the central bank's exchange rate department, which had been ready for a long time, immediately started, and a steady stream of dollars was thrown out to clear the short list.

As if the bears were blinded by the RBA's attack, the AUD/USD exchange rate quickly recharged from 0.8921 to the 0.9 mark, and then broke the 0.91 mark.

The momentum of the long counterattack quickly took shape!

The error-free chapters of "Rebirth of the Most Powerful" will continue to be updated on Novel.com, and there will be no advertisements on the site. Please collect and recommend it!

If you like the most powerful tyrant of rebirth, please collect it: () The most powerful tyrant of rebirth has the fastest update speed.