Chapter 896: Asking Huaxia Boy for Help
Soros looked serious, staring intently at "The Lessons of the Twentieth Century" in front of him, and his mind was still echoing with the gaffe roar he had just made into the phone.
How so?
He really doesn't understand now why other European countries such as Germany and France would change their sexuality and would rather cut their own flesh than help Britain?
Don't they know that the current pound is actually hopeless and has no way to recover?
In fact, for the past few hours, he had been waiting for Downing Street to admit defeat, because in his opinion, those British people had no choice.
But now, God has played an amazing joke on him.
He is now facing an extremely serious situation!
All his hard work is like a 100-meter-high building without a base, which may collapse and turn into ruins at any time.
No, it should be said that it has turned into nothingness like a mirage.
After all, even if the building collapses, there can be some ruins such as bricks and steel bars, but in the foreign exchange market, no matter how much money it is, if it is not, it will be gone, and it will not even stir up a wave.
To put it mildly, Major's announcement that Britain would do whatever it takes, regardless of any loss of British foreign exchange reserves, and the increase in the interest rate on bank deposits to 15%, made him unbearable.
After all, this is the former empire on which the sun never sets, one of the current five permanent members, the world's top power, and even strictly calculated in terms of strength, Britain should be able to surpass France and Huaxia and rank third.
If you really start to do it, it will not be easy to get along.
Before, he had just been betting that Britain would protect its foreign exchange reserves, not its exchange rate.
Although the exchange rate will be lowered, it will indeed cause serious losses to the domestic economy, because the foreign exchange market, like the stock market, is a zero-sum game, and the reduced part of the exchange rate will inevitably become wealth, which will flow into the pockets of these people and some retail short-sellers.
But correspondingly, after the exchange rate is reduced, the products produced in the UK will be more competitive, and on another level, there will be a better promotion effect on the British economy.
It is precisely because of this part of the beneficial aspect that he has always felt like a surgeon, helping the patient to remove part of the diseased body in the most decisive way, preventing the spread of toxins or cancer cells and other bad things to other parts of the body.
But there is another thing about him that is different from a normal surgeon.
That is, he does not consider the problem of recovery and whether the incision needs to be made as small as possible to improve the patient's postoperative healing.
In other words, he only has to have it removed, and he doesn't care whether the patient can recover or die directly in the hospital bed after the excision.
In contrast to the exchange rate, foreign exchange reserves are real wealth, and they can buy the resources they need from other countries at any time.
But now it seems that Major, for the sake of his own face, even the last bit of British family wealth will be lost.
Thinking that he now has a short position of just over $3 billion in pounds, Soros suddenly feels a little big.
As far as he knows, Britain's foreign exchange reserves should be around $86 billion, and so far, after two battles, it should have been about $14 billion to $17 billion.
This means that Britain now has nearly $70 billion in foreign exchange reserves in its hands, which can be invested in the foreign exchange market at any time.
And he just calculated in his heart that after nearly twenty hours of fighting, his allies should be in a similar situation to him, and the remaining pound shorts in his hands should be around 30 billion US dollars.
This is too terrifying, just like the fierce battle between the two armies, which has been fought to the death, leaving a group of panting remnants of the defeated army to hold on, while the other party suddenly came a batch, which is equivalent to nearly twice the strength of your current army.
Anyone with a little military common sense knows that the other side will win!
This is because in such a stalemate, sometimes a commander can win a war by throwing in a reserve force composed of guards, cooking squads, medical soldiers, and cadres of government agencies.
It's like the straw that breaks the camel's back.
Not to mention, Germany, France and other members of the European exchange rate system have also announced that they will fulfill their promises and begin to save the pound exchange rate.
This means that he is now facing the whole of Europe, a united Europe!
If you calculate in terms of economic strength, these countries together have twice the economic power of the United States, making it the largest economy in the world!
In the face of such a terrifying force, anyone must tremble!
The outcome faced is only one way to fail!
Thinking of this, Soros couldn't help but gasp, and the whole person became much more anxious.
This plan for the pound is the result of his careful observation, strategizing, and two years of preparation.
And if this sterling plan can succeed, it will not only bring him hundreds of millions of wealth, but more importantly, a huge amount of prestige.
Almost since the beginning of history and modern finance, no person, or even an institution, has ever been able to challenge a major country like the United Kingdom, which ranks among the top three in the world, and cut a piece of meat from it.
Never!
It can even be said that with the prestige gained by this challenge to the pound, he will become the uncrowned king of hedge funds in the world!
He could even already imagine that if this sniping of the pound was successful, the size of his fund would increase, five, or even tenfold.
The rich men, waving cheques one by one, begged him to put their money into his fund.
In that way, he will not only become richer, but he will also be able to do something that he likes to spread freedom and democracy to the people of underdeveloped and undemocratic countries.
This matter, in addition to philosophy, is his second favorite thing, and it is also ranked above finance.
Or maybe he wants to make money just to promote his second hobby.
Therefore, he is never willing to face failure, nor is he willing to suffer the consequences of failure!
"It's time for you to exert your influence on Germany, but drop the chain at a critical time!" Soros cursed in a rare gaffe.
Those behind him have been doing a good job before, whether it is attacking the Finnish mark or the Italian lira, leaving Germany in a state of inaction.
Even the Bank of England governor and seven other European Central Banks jointly forced the palace to reduce the deposit rate by 0.5%.
How could it be that it is now invalid?
He didn't understand, really didn't understand.
When Soros shook his head, he suddenly saw that the fund manager was probing his brain to observe his movements, and his face was full of anxiety.
His heart sank, and he straightened up and walked towards the trading room.
Seeing this, the fund manager immediately breathed a sigh of relief, if Mr. Soros didn't come to his senses again, he would really go crazy.
But just now, Soros roared angrily at the phone, and he was so frightened that he didn't dare to report it.
In his memory, ten, no, fifteen years, or since he joined the Quantum Fund, he had never seen Mr. Soros lose his temper like this.
"How's the situation now?" Soros asked slowly.
"The situation is very bad, in just ten minutes, the pound has skyrocketed by more than 400 points and is now approaching the 2.70 mark. The fund manager said bitterly.
Major's declaration, coupled with the action of the major European central banks to absorb the pound sterling, is like the explosion of a large-yield nuclear bomb, which has the great power to destroy the world!
"However, the pace of the pound's rise has slowed down a bit, after all, the market is waiting for our reaction. However, at this rate, the pound could regain above the 2.7780 mark in a maximum of 40 minutes, that is, before 3 p.m., and around 2.85 before the market closes at 4 p.m. ”
"I am not optimistic that the pound can return to the initial level of 2.95, because everyone knows that the pound exchange rate is inflated, and if it is optimistic, it is possible to stop rising around 2.82, after all, European countries will definitely stop transfusing for the pound at 2.7780. ”
"In this way, although we can't make too much money, we won't lose money, and we can even say that we can make a small profit, and we can still maintain about 100 million US dollars. "Fund managers report with due diligence and make predictions based on their own expertise and literacy.
Soros looked at the strong rise on the chart, and the pound exchange rate with a sudden peak, felt extremely dazzling, but he still nodded lightly and agreed with the fund manager's analysis.
As things stand, that's probably how the situation will go.
After all, the money of European countries is not blown by the wind, and if they lose too much for Britain, they will definitely make trouble in their respective countries.
Therefore, it is enough to raise the pound exchange rate to around 2.7780, so that the pound can remain in the European exchange rate system, and save everyone's face and the interests of the European alliance in the future.
And the rest, with the help of the United Kingdom, will definitely not be too high, after all, everyone is not stupid, and will not pay for the inflated exchange rate of the pound.
"But I will never allow the pound to rise like this!" Soros said categorically.
Indeed, no matter how the pound rises, it is impossible for it to rise back to 2.95, and he will indeed not lose money, and will earn about 100 million US dollars?
But the question is, is he short of this $100 million?
What he needs is more money, ten times more than $100 million.
And more importantly, he needs the fame that comes with sniping the pound this time!
That's all that matters!
"Looks like I need to call those allies, like the mysterious Huaxia kid. An inexplicable smile flashed across Soros's mouth.
Although the existence behind him has promised to go all out, he can't sit still, this is not his character.
In the current situation where they are at a disadvantage, it is very important to unify everyone's thinking.
If someone is instigated and draws their salaries, then their situation will be even more difficult.