Chapter 884 "I was born destitute, but I must not die poor. "
Soros still has a rare smile on his face, looking at several fund managers under his command.
Yes, he doesn't like to deal with too many people, and as a man who considers himself a philosopher at heart, he likes the night, solitude, silence.
It is through these few fund managers that he firmly controls the quantum fund and the billion-dollar fortune.
No, it's almost two billion dollars now, and even after the billion dollars he borrowed from the Jewish capitalists, in just one week he has earned another billion by manipulating the Finnish mark and the Italian lira.
And, in the next twenty-four hours, he will probably be able to earn so much money, this is the charm of the foreign exchange market, manipulating a country's currency.
He was like a vampire bat flapping its wings in the air, keenly sniffing the air for a little, extremely faint smell of blood.
As soon as he noticed that a creature was bleeding, he swarmed it and gathered the nutrients he needed.
For him, only a behemoth like the state can make him feel a little bit of interest and a little challenge.
Besides, he needs money.
Of course, the reason why he needs money is not to satisfy his own needs or desires, if this is all he wants, he would have retired fifteen years ago, and even the $120 million he earned last year was enough for his life's expenses, and there was no need to take such a risk to tease the nerves of European countries.
Although he has the support of a so-called big man in China, as well as his own people, he still needs to take a big risk to do so.
He loves to do charity.
It's just that the charity he does is somewhat different from the charity that most people in the world understand.
In the seventies, for example, he sponsored black students from apartheid South Africa to attend the University of Cape Town, and provided financial aid to centrifuges in the Iron Curtain.
His philanthropic foundations exist in Central and Eastern Europe mostly in the name of the Social Development Research Organization and the Soros National Fund, but are sometimes forced to do so in the name of other funds.
Since 1984, he has successively set up more than 15 foundations in nearly 10 countries and regions.
The main purpose of these foundations is to fund students and provide opportunities to study abroad, to change the stereotypes of backward countries, to make the market more open, and ......
And to make these countries more American, more in line with the interests of the United States.
No way, who made the United States their second home, and so powerful.
All told, he has poured more than $300 million into these charitable foundations, making him the largest philanthropic donor in the world.
But unfortunately, not too many people know about his achievements, or feats.
Moreover, he also plans to go to Russia after this incident, to visit the current economic control of Russia, First Deputy Vice-Chancellor Gaidar and the head of the President's Office Chubais, and best of all, he also wants to set up a foundation in Russia in the open.
He felt that this goal should be achievable.
Moreover, the purpose of his foundation is nothing more than to help Russia and the Russian people embrace democracy more and become a free country.
The thought of being able to help this former red empire and let the flowers of freedom bloom in it, the corners of Soros's mouth couldn't help but curl slightly.
In addition, he doesn't feel that there is anything evil about him, he is not the one who creates crises and cracks, he just detonates them in advance.
For example, this time, manipulate the Finnish mark, the Italian lira, and the pound.
If it weren't for the fact that their domestic economy was slow, weak, unstable, and the exchange rate was frighteningly high, then even if he wanted to manipulate the exchange rate, he would not have been able to do it.
Just like him, he has never been in this event to fight the German idea.
But!
If he had the opportunity, he would still be very interested in avenging his father and ancestors, as well as the miserable life of his youth.
And the same is true of those countries that are inciting the people by him, if there are no problems with the politics, system, economy, etc. of their country, he can't incite them?
And he also has a good habit of having a very careful understanding of any country's investment activities and undertakings in advance.
Most of this is learned through literature and local newspaper news.
For example, he wanted to learn about the Towa market at the time, and he even went to learn Japanese, read the works of Towa writers, such as Yasunari Kawabata's "Snow Country", and went to South America to make a difference, and he read the classic masterpieces of Macrith carefully.
And before he went to Russia this time, he had read all the classic Russian literature, from Tolstoy to Chekov, very seriously.
"Ladies and gentlemen, as you can see, I am also a little nervous. ”
Soros walked to his seat and did not sit down, but raised the towel in his hand.
The fund managers present couldn't help but laugh along, and suddenly felt inexplicably lighter.
"No way, after all, we are not omnipotent gods, we will make mistakes, we will fail, and we will be terrified, but in this case, won't we do it?"
"We need to do it, and we need to do it better, because ......"
Soros paused, his eyes swept over the faces of everyone one by one, and then suddenly turned around and pointed to the aphorism hanging on the wall behind him, and said emotionally: "Just like this sentence, "I was born poor, but I must not die poor and poor." “”
"I must not die destitute!" Soros repeated again!
The eyes of the fund managers at the bottom suddenly lit up, and they became a little fanatical, and they were suddenly not afraid!
If they really want to be poor in the future, they would rather die in the first second of poverty!
The thirst for wealth in their hearts was instantly ignited by Soros.
"And the one who should be afraid should not be us, but the British! Their weak economy and inflated exchange rate are like stripped girls in front of us, and they have no ability to resist our invasion!"
The fund managers suddenly smiled knowingly.
At this time, Soros's voice rose again, "And, most importantly, we have proved in the Finnish mark and the Italian lira that our judgment is incomparably correct! No one, no country, can withstand the attack of us and our so-called allies! Not one!"
"So, the fate of the pound is already doomed—crushed and chiseled by our monetary heavy cavalry over and over again!unless the British can get help from the Germans!"
"But it is ridiculous that those stupid Germans, like the stupid decisions they have made in the past fifty years, have brazenly chosen to harm other countries and nations for the sake of their own national selfish interests, and that after our victory over the Italian lira, Germany should have cut interest rates by only 0.5%. The corners of Soros's mouth suddenly flashed with a grim sneer.
The fund managers burst into laughter.
Indeed, when they heard that the head of the Bundesbank, Schresinger, announced that he would only cut interest rates by 5%, they were really shocked, and they co-authored two consecutive European countries, especially a big country like Italy, whose currency exchange rates have been hit hard, are not enough to make these Germans whose brains are as hard as bearings sober up?
However, they suspect that Germany has made such a stupid choice, and that it is behind the manipulation of their great country, the United States.
Germany has long been under the control of the United States, and the United States has 60,000 troops stationed on its territory and has 174 military bases, making it the country with the largest number of American troops in the world.
Although Germany has some intention of breaking free with the recent merger of East and West Germany and the fall of the Soviets, it is not too difficult to manipulate some parliamentarians to make their actions more in line with the interests of the United States.
After all, many of these congressmen were trained by the United States, and they went to the United States to attend college with the financial support of the United States, and then after graduating and returning home, they still took American money.
But what exactly is going on, they don't know, and they don't want to ask.
But they can say for sure that Mr. Soros must know, and maybe even some German parliamentarians who have come to the United States to study, are sponsored by Mr. Soros's charitable foundation.
"So, this time the exchange rate of the pound must be brought down! Let the pound repeat the mistakes of the Finnish mark and lira! And it is now after eight o'clock in the evening London time, and those British people are probably still eating their mashed potatoes and chips, fried fish, and with their sluggish reflexes, their prime ministers, parliamentarians, and foreign exchange departments will never make any moves, they will just watch us stare blankly as we press the pound into the dirt!"
"I declare that from 1:50 onwards, the pound exchange rate will be manipulated, and I want you to lower the pound sterling by 200 basis points before the New York trading market closes at 2 o'clock! and then move to the Wellington foreign exchange market in New Zealand, the foreign exchange market in Sydney, Australia, the foreign exchange market in Tokyo, Japan, and the foreign exchange market in Frankfurt, Germany.
Compared to the stock market, the forex market is very different in two ways.
Because stocks can only be listed on a certain trading market in a certain country, and the major foreign exchange markets gather all the currency exchange rates in the world!
It is this characteristic that makes the forex market a 24-hour non-stop market!
The most obvious thing that distinguishes it from other trading markets is the continuity of time and the non-binding nature of space!
From the earliest place where the sun rises, from New Zealand to New York, the United States, there is a foreign exchange market open for 24 hours, and the closing time of New York in the United States happens to be the opening time of New Zealand.
The opening time of the Wellington foreign exchange market in New Zealand is from 2 p.m. to 0:00 the next day in New York time, then the next foreign exchange market in Sydney, Australia is from 4 p.m. to 2 a.m. the next day in New York time, and the Tokyo foreign exchange market is from 6 p.m. to 2:30 a.m. in New York time.
In this way, the eight major foreign exchange markets rotate with each other, resulting in the never-ending world foreign exchange market.
In addition, any change in the currency exchange rate of the foreign exchange market will affect the change in the opening exchange rate of other foreign exchange markets.
In other words, if the exchange rate of the pound falls in New York, the foreign exchange market in Wellington, New Zealand, will also be affected in the future, and the exchange rate of the pound will be lowered even before the market opens.
The decline in the pound exchange rate in the Wellington foreign exchange market in New Zealand will also affect the next foreign exchange market in Sydney, Australia.
By the time the Brits went to work, there were already six global foreign exchange markets open.
After the snowball of six global foreign exchange markets, there will be no one to stop the fall of the pound exchange rate!
So, the British, they're dead, and so is the pound!
However, the biggest difference between the foreign exchange market and the stock market is that the foreign exchange market is too big.
At present, the trading volume of all securities trading markets in the world is about 50 billion US dollars, and the daily foreign exchange trading volume is nearly 1 trillion US dollars, which is 20 times the trading volume of all securities trading!
Two hundred basis points?
Although several fund managers were already prepared and knew that this battle to snipe the pound would be extremely difficult, they were still shocked when Soros said that it was 200 basis points.
You know, in the foreign exchange market, usually 50 basis points to 80 basis points can be called a big fluctuation, some lack of strength and greed, the leverage amplified to more than 80 times the small foreign exchange speculators, will be forced to blow up because of this sudden big fluctuations.
And it is also necessary to know that this is the British pound, the former world currency, the second largest currency in the world, and the annual trading volume of the British pound basically accounts for 20% of the world's currency trading volume.
As a result, now Mr. Soros is going so far as to ask them to lower the exchange rate of the pound by 200 basis points, especially in just ten minutes.
That's crazy, isn't it?
"Do you think about it, I think 80 to 100 basis points is enough, and if you want to put it down to 200 basis points according to the size of the pound, you need to use at least half of our ammunition, five billion dollars!" said one fund manager.
As soon as the war started, half of the ammunition had to be released in just ten minutes, even if he had been experienced in the foreign exchange market and had worked hard with Soros for nearly twenty years, he had never been so crazy.
"Well, that's right, ten minutes, two hundred basis points, I'm going to make the pound exchange rate plummet in the first second of New Zealand's opening!" Soros said firmly.
He paused, and an inexplicable smile appeared on the corner of his mouth, "In addition, our allies will help us!"