Soviet Union 1991

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Quantum Fund is the pride of the financial industry, so much so that when people mention the turmoil in the financial market in the 1990s, people will always associate the mastermind behind it, Soros, with the turmoil in the financial market.

This is indeed his most proud and brilliant achievement. In the early 1990s, in order to cooperate with the linked exchange rate within the European Community, the pound exchange rate was artificially fixed at a high level, triggering attacks from international currency speculators. Quantum Fund took the lead, selling pounds on a large scale and buying German marks in the market. Although the Bank of England vigorously sold the German mark to purchase pounds and cooperated with measures to raise interest rates, it was still defeated by the attack of the Quantum Fund and retreated. The pound was forced to withdraw from the European monetary exchange rate system and float freely. In just one month, the exchange rate of the pound It fell by 20%, and Quantum Fund made hundreds of millions of dollars in huge profits during the pound crisis. Prior to this, the Italian lira also suffered the same fate, and the Quantum Fund led by Soros also played a leading role.

In 1994, Soros’ Quantum Fund launched an attack on the Mexican peso. Mexico's healthy economic growth before 1994 was based on overreliance on short- and medium-term foreign loans. To control domestic inflation, the peso was overvalued and pegged to the U.S. dollar. The attack on the peso initiated by the Quantum Fund caused Mexico's foreign exchange reserves to be exhausted in a short period of time, and it had to abandon its peg to the US dollar and implement free floating, causing the collapse of the Mexican currency and domestic stock market. During this crisis, the Quantum Fund The income is high.

Almost everyone in the financial world sympathized with the Soviet ruble, and all the countries targeted by Soros ended up with a severe loss of vitality.

However, the Quantum Fund's attack on Moscow was surprising. Everyone thought it would be a disastrous defeat like Southeast Asia, but they did not expect that the other party withstood the attack. It also launched a series of counterattacks, forcing international speculators to the point of no return.

The situation reversed instantly.

Overnight, Soros's financial offensive was completely resolved. After Yanayev threw his huge foreign currency savings into the market, the originally declining exchange rate reversed instantly. Soros' prediction failed, and Quantum Fund The assets thrown in were evaporated instantly.

He paced back and forth in front of the computer, obviously unable to believe this fact. His previous prediction was completely wrong. The Soviet government's counterattack was just a wave of bait. After the international speculators spent more money, they began to close the network. . If the second wave of foreign exchange reserves continues, those who try to use financial means to impact the ruble exchange rate will directly lose everything.

Soros slumped down at his computer desk and muttered to himself, "It's over, everything is over. The capital that was poured in before was instantly evaporated. The Moscow government...damn it, who is behind them controlling all this?"

Soros suddenly realized that his loss was not due to financial means. The other party just relied on strong financial capital to play hard to get, and used Soros' greed to introduce him into this situation.

The Soviet government not only used Soros, but also other international speculators who wanted to bite a bigger piece of meat.

The curve displayed on the screen was no longer under his control and was completely tilted towards the Moscow government. This also meant that the Moscow Monetary Authority and the Central Bank had completely won the war.

The first phone rang, then the second, and the third... Some were called from the Quantum Fund, and some were their old friends, financial speculators who were also responsible for planning this financial war. They called Soros has even more depressing news.

"Mr. Soros, we quit. We quit this financial war. Now we have suffered heavy losses... Withdrawing from this war... At least we can keep our capital. If this continues, the Bank of England and Southeast Asian countries will all win." Loss goes in.”

"Quantum Fund has evaporated 2.7 billion in funds, and its momentum is still rising. President Soros, if we don't stop, this loss will be more serious. The result may be too much loss, bankruptcy and reorganization..."

The last call was from Druckenmiller, the manager of Quantum Fund. He tried to use a calm tone to avoid irritating his immediate boss, "Mr. Soros, I regret to inform you that your allies have withdrawn their support. Okay... If we continue, I'm afraid the Quantum Foundation will be hit hard. Even if we can bring in nearly 100 billion yuan in investment through leveraged investment, the Soviet Union's foreign exchange savings are far richer than what they announced. "The judgment was completely wrong, and Moscow's hidden backhand directly blocked the way back."

The succession of bad news hit Soros so hard that he could not raise his head. Previously, he thought that the Soviet Union was forced to have no way out by using crude warning methods. But now it seems that they simply have a back-up plan, specifically to give Soros the most critical moment. A head-on blow. There must be a pair of gloomy eyes in the Kremlin that are curling up into a smile.

"If you grit your teeth and throw in the last amount of funds... and then fight for the last time... will you..."

Soros was startled by his gambler mentality, and then shook his head to deny this bold idea. He had no allies around him, so everyone was scared back by the Soviet Union's backhand. When speculators estimate that future risks are too high, they stop targeting this market.

This time they were completely scared of the Soviet Union's red devil. Who knows what other means Moscow has prepared behind the scenes, waiting for them to step on it.

Who said that Russia is just a simple and crude Maozi?

They are simply crushed by strength.

Even if Soros is as bold as he is, he can't stand the pressure of a single-handed attack. No matter how strong his wealth is, he can't resist the continuous attacks of an oil-rich country.

"Stop."

Soros said in a deep voice, "There is no need to continue this war. Quantum Fund will summarize the losses during this period. I will hold a meeting when I go back."

He took a deep breath. The sniping of Hong Kong has caused him a lot of losses. This ruble exchange rate war has made Soros feel heavy. He has already felt that Quantum Fund has been seriously injured and it is difficult to hold the overall situation alone.

"I will call others and tell them that this war is over."

Soros's voice was hoarse, and he was not as heroic as before. The Quantum Fund, which swept the world in the 1990s, finally lost its ambition to conquer after two consecutive defeats.

"We lost."

"We lost miserably."