The leisurely life of rebirth

In the early morning of the 17th, Cheng Shigui's office was still brightly lit.

"The British pound plummeted. In the evening local time, the UK announced that it would withdraw from the European monetary system. What should we do next?" Wu Zhihong asked, his face not tired at all, full of excitement, but the redness in his eyes gave him away.

"Of course, with the power of defeating the pound, we will continue to sweep away some peripheral currencies of the European monetary system, such as the Swedish krona, the Norwegian krone, the Portuguese escudo, the Spanish peseta, the Irish pound, and the French franc. The battle to defend the franc will

It is the most core battle between the two warring parties in the European currency crisis." Cheng Shigui leaned on the sofa and listed them one by one easily. "Next, we have to recharge our batteries."

"Hey! Matthew, stop talking about the Deutsche Mark, which is at the core of the European monetary system." Wu Zhihong slumped on the single sofa, her slender legs resting on the coffee table, and hummed.

"Angkor even said that the Deutsche Mark is the core of the European monetary system, and we must stick to it to the death.

During the Battle of Chibi, the whole camp was burned down, but Zhuge Liang still left a Huarong Road for the defeated Cao Cao. Otherwise, if he fought to the death, both sides would suffer, which is not in the interests of the Americans." His voice gave people a very clean and mellow voice.

Feel.

"Afei, what a good boy!" Cheng Shigui patted his shoulder and said.

"Brother, look at you! You're dead again." Cheng Shifei looked at the Tetris in his hand with the word 'gmeover' written on it.

"Matthew, are you saying that if you snipe the German mark, you will..." Wu Zhihong asked with wide eyes. "No way!" [

"We'll see?" Cheng Shifei threw the game console in his hand on the sofa and said easily.

"If it's true, then his future life is really scary!" Wu Zhihong touched her cheek, "Looking at him, I feel old."

"Old? You are younger than me! I don't even call myself old!" Cheng Shigui laughed and scolded, "Okay, let's go and rest for a while. The Hong Kong market will open again in a while."

"Resting, it's not that easy." Wu Zhihong waved her hands, then stood up and walked into the lounge. After taking a combat shower, she dialed the satellite phone and reported the situation in the past few days to the superiors in detail.

The National Investment Fund, which has just been established, will definitely be able to make money if it encounters the European financial crisis, but this is not the most important thing. The most important thing is that it can watch and participate in this war at close range, and it can provide good support to those in the country.

Go to class with elm head.

The power of financial warfare is comparable to atoms!

In the face of national interests, anyone's interests can be sacrificed, including former allies, and they will even fight without mercy.

It also lets them know how many drugs were used by both sides when the war started, and they were all 'real guns'.

Entering September, speculators began to attack the weak currencies in the European exchange rate system, including the pound, the Italian lira, etc. Speculators of all sizes, as well as some mutual funds and multinational companies that have been engaged in arbitrage operations for a long time, sold weak currencies in the market.

The European currency has forced the central banks of these countries to spend huge sums of money to support the value of their currencies.

The British government plans to borrow funds from international banking organizations to prevent the pound from continuing to depreciate, but this is like a drop in the bucket. Soros alone has spent 10 billion US dollars in this battle with the British government, not to mention those large and small who are following the trend.

or.

However, this 10 billion is very small compared to the foreign exchange market that trades trillions 24 hours a day.

Of course, the little calculations in the domestic financial market are not enough. Throw it in and it won't even make a ripple.

Take a longer view and don't always use the inside information in your hands to harm the domestic financial market.

What happened these days made Wu Zhihong scared. He could completely subvert other countries' economies by targeting financial loopholes in other countries on his own.

It is certain that the financial giants with this kind of hobby will never give up. They will never tire of it and are proud of it. They will definitely hide under the undercurrent, waiting for opportunities one after another. No one can escape, including ourselves.[

Cheng Shigui patted his little brother on the head and said, "Why don't you go get some sleep? You have to go to school at dawn!"

"Got it!" Cheng Shifei got up and went to another lounge.

The entire floor is Cheng Shigui's office area. In addition to the office, the rest has been transformed into a lounge, entertainment room, kitchen, and bar. All kinds of facilities are very complete.

After daybreak, they were ready to go and fight again. The war was far from over.

****************

The British pound has been the world's main currency for 200 years. When the gold standard was originally adopted and linked to gold, the British pound occupied an extremely important position in the world's financial markets. Only the First World War and the stock market crash in 1929 forced the British to

The government abandoned the gold standard and adopted a floating system, and the pound's position in the world market continued to decline.

On September 15, international capital took notice of the situation and shorted the pound in large quantities. The ratio of the pound to the mark fell all the way to 280. Although there was news that the Bank of England purchased 3 billion pounds, it still failed to stop the pound's decline. By the end of the evening,

The exchange rate of the pound against the mark has almost fallen to the lower limit stipulated by the European exchange rate system. The pound is on the verge of exiting the European exchange rate system.

The British Chancellor of the Exchequer took various measures to deal with the crisis. First, he once again asked Germany to lower interest rates, but Germany once again refused. Later, he asked the Prime Minister to raise the country's interest rates by 2% to 12%, hoping to pass high interest rates.

to attract the return of currency.

In one day, the Bank of England raised interest rates twice, reaching as high as 15%, but still had little effect. The exchange rate of the pound still failed to stand at the lowest limit of 2.778. In this action to defend the pound, the British government used

It had foreign exchange reserves worth US$26.9 billion, but ultimately suffered a disastrous defeat and was forced to withdraw from the European exchange rate system. The British called September 15, 1992, the day they withdrew from the European exchange rate system, Black Wednesday.

In just the past two days, central banks of various countries have injected tens of billions of pounds of funds to support the pound, but it is of no avail. On the 16th, the price of the pound to the mark fell from 1 pound to 278 marks the day before to 1 pound to 264 marks.

The exchange rate of the US dollar also fell to its lowest level of 1,738 US dollars per pound.

After all the mechanisms were exhausted, on the evening of September 16, British Finance Minister Lamont announced that the United Kingdom would withdraw from the European Monetary System and lowered the interest rate by 3 percentage points. On the morning of the 17th, he lowered the interest rate by 2 percentage points, returning it to the original level of 10%.

.

Now, everyone wants to know who is the person who launched the attack on the pound. From the moment he announced the attack on the pound, people learned about Soros. He became famous around the world as "the man who brought down the Bank of England". In fact,

He did not destroy the Bank of England, but he did consume the wealth it had accumulated.

If the media's interest in him only stopped there, if no one except Wall Street and New York knew about Soros, things would not be what they are now. Even people who are unfamiliar with stocks know that the financial giant Soros

Ross.

To most Britons, Soros became a hero. "There's no xenophobia that people think of here," Kerris said. "Instead, the British public said, in traditional British fashion, 'Bless him, if he comes from

With $1 billion in the hands of our stupid government, he's a billionaire."

Soros seems to enjoy winning over the public in novel ways. Now he can liken himself to a torch to attract the public. "I'm happy to have this status because it allows me to get what I want. As

A market operator, I have reason to shy away from this identity because it is harmful; but I am not a market operator anymore. My voice is also heard on political issues, and it is this. I find it

Very useful.

Some in the British media were very uncomfortable with Britain's losses and Soros's huge victory. They were looking for a scapegoat, and Soros was an extremely convenient one.

During the depreciation of the pound, hedge funds made astonishing profits. According to later data, Soros's Quantum Fund made more than 1 billion US dollars in profits from this battle. If you add in the profits from lira and franc attacks, the Quantum Fund made a huge profit during the European currency crisis.

The profit was as high as 2 billion U.S. dollars. In addition to Soros, Bruce Kavanagh made a profit of 300 million U.S. dollars, and Paul Johns made a profit of 2.5 billion U.S. dollars. Many foreign exchange trading banks in the United States also won, while the Bank of England suffered heavy losses. So.

Later, the UK never joined the Eurozone.

As a result, Soros became famous and became a financial giant in many countries. The Bank of England vowed that it would never forgive him during his lifetime!

Cheng Shigui and his fund company also made a lot of profits during the entire financial turmoil through post-mortem accounting. Everyone still understands the principle of keeping wealth secret. Of course, people always remember the one who made the most profit first.

Just like people only remember the highest peak in the world, Mount Everest, who will remember who is second? We don’t care about these false names, we only want real benefits.

Cheng Shigui’s analysis is right: France is an active advocate and backbone in the European integration process, and is also the economic power of the entire EU. If the European monetary system is compared to a building, then the German mark and the French franc support the entire building.

’s two biggest pillars.

If even the franc is lost, then the European monetary system will fall apart. Therefore, the battle to defend the franc is the core battle between the warring parties in the entire European currency crisis.

So on September 18, under attack from hedge funds, the price of the franc against the mark fell to the minimum limit stipulated by the European Exchange Rate Mechanism, and the Bank of France was forced to close for half an hour.

On September 21, in order to maintain the exchange rate, the Bank of France bought 51 billion francs in one day. By this time, France had used nearly half of its foreign exchange reserves except gold.

On September 23, the Bank of France announced an increase in interest rates, but was still unable to prevent the franc from depreciating.

Germany may not care about the Finnish mark leaving the European monetary system, it may sit back and watch the lira fall, or it may abandon the pound mercilessly, but Germany will never allow the franc to depreciate. Therefore, in the coming days, the war between the French government and hedge funds will

I have been confronting, suffering, and continuing. (To be continued. If you like this work, you are welcome to (qn) vote, monthly vote, your support is my biggest motivation. Mobile users please go to mqn to read.)

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