Chapter Ninety-Three: There Are Pits Everywhere

The call was from George Soros.

Under the rules under the exchange rate mechanism, the Bank of England had to accept the sale of pounds sterling at 2.7780 DM, which is the lowest level allowed in this range, but this rule is only in effect during trading hours in London.

Now that Britain is resting, there is no easier time to attack the pound than at this point.

Of course, he didn't know that someone on the other end of the phone was calling him a fool, and when the phone was answered, he smiled and greeted the old radish head.

"Mr. John. Hello, I'm George Soros. ”

George Soros?

Holding the phone, Robert John was stunned, he has been in the financial industry for 20 years, how could he not know the famous George Soros, this is a fierce man who made a lot of money by shorting the dollar back then, without any hesitation, the old radish head hurriedly covered the phone receiver and picked up the mobile phone that was talking to Shen Jiannan.

"Boss. Here comes a big fat sheep, George Soros. ”

Big Fat Sheep!

Shen Jiannan couldn't help laughing, if George Soros heard that he was called a fat sheep, he didn't know how he would feel.

"Good. You talk to him. I think he must have come to borrow money. ”

This point, the radish head is also very clear, and when he got Shen Jiannan's head, he took his hand and talked enthusiastically towards Soros.

"Oh. Hello, Mr. Soros. I haven't seen you for a long time, I don't know you're lately. ”

"It's an honor that Mr. John remembers me, I have a big business to talk to you about, I don't know if you are interested. ”

"Mr. Soros's name, John dare not forget. It's going to be interesting to be able to do business with a big guy like you. ”

"Oh. Thank you Mr. John for your trust, yes, I need to borrow a billion dollars worth of pounds from your finance company, I wonder if you can help me. ”

"Oh my God. It's a big deal. However, there are a bit more people borrowing money recently, and the interest rate may be a little higher than usual. As you know, our funds are borrowed from banks, and a large part of the funds need to give investors high returns, I hope you can understand. ”

Interest?

What kind of problem is this?

According to Robert John's calculations, the pound will depreciate by at least about 15 percent

"Of course, I understand your difficulties very well. As long as the interest is within the acceptable range of the market, it is not a problem. ”

"Thank you, Mr. Soros, for your understanding......"

“......”

Naturally, there was no shortage of collateral for the assets held by the Quantum Fund, and soon, Robert John and George Soros discussed borrowing money and collateral.

With its £200 million interest rate futures position, the Quantum Fund borrowed $1 billion worth of pounds sterling from Slow Sheep Sheep Investments, with interest rates of 3/1000 per day.

This is a very high interest rate, 4 thousandths per day and 9 percent per month. However, considering that the current benchmark interest rates in various countries are very high, and the use of leveraged funds to lend money, Soros calculated in his heart how long the Bank of England could hold on at most, and still agreed to this request.

"Thank you, Mr. Soros, for taking care of my business, I hope we have a happy cooperation. ”

"I wish you a good night. Good bye. ”

"Goodbye!"

Hanging up the phone, the old radish head hurriedly talked to Shen Jiannan, but before he could say a word, another portable phone rang.

"Boss. I feel like I'm still calling from a guy, what should I do. ”

"Are there any other people around you? deal with it first, and go back to the office immediately. ”

"Lucy. It's up to you, whoever it is, just say your boss is taking a shower and reply right away. ”

Lucy Bedenberg nodded knowingly, took a deep breath as Robert had instructed, and picked up the phone.

"Hey. Hello, this is Bald Strong Finance Company. ”

"Hello. I'm George Soros, and I need to talk to your boss, Mr. William Carter, if he has time now? ”

"Oh. Please wait a moment, the boss is taking a shower, and I will ask him to call you back as soon as possible. ”

"Okay, thanks! I'll call again later. ”

George Soros hung up the phone and walked towards Stanley Drucken's office.

The two have estimated that the Bank of England's real foreign exchange reserves will be around $40 billion in the end, and now the quantum fund has a position size of $3 billion, and major fund companies and some banking institutions will definitely take the opportunity to sell, borrowing too much money in case it can't be sold.

Once the pound is forced beyond its allowable volatility, it will be almost impossible to find a buyer for this currency.

In the chief fund management office, Stanley Druckenmillya was talking on the phone with a president of Bank of America, usually he and Soros would hand over the mobilization of positions to traders to execute orders, but this time they called themselves to find out the banks that agreed to do business with them, and the transfer of tens of billions of dollars of funds was not prudent.

"Stanley. How's it going to talk to them?"

"Bank of America and Morgan Bank promised to lend us three billion pounds. ”

"Good. A finance company in London has promised to lend us a billion dollars in pounds, and now I'll contact another one. ”

“......”

Rome, Italy.

Shen Jiannan was like a wolf with chicken blood, his eyes were glowing, and An Hui Michiko, who had just come out of the bath, was scared, and her little face was full of fear.

Every time, as long as Shen Jiannan showed this kind of glow in his eyes, he was as tireless as a robot, which was really terrifying.

"Akiyama-chan!"

Ahn Hui Michiko blushed and shouted timidly, the eyelashes on her big eyes blinked, and her water-stained skin and hair were like hibiscus out of water, which made me feel pitiful but full of temptation.

Shen Jiannan's heart, which had been beating violently, was beating even more.

In order not to attract the attention of capital from all sides, in order to seize the opportunity of the collapse of the Bank of England, and in order not to let the market go beyond the original range, they borrowed pounds, bought British bonds, and then mortgaged US dollars to buy US Treasury bonds, and borrowed pounds against US Treasury bonds.

As a result of this, Capital One has already reached an incredible level in terms of the size of its positions.

After calculating for a few months, now it is finally time to close the net, even if it is Shen Jiannan, that thrilling number makes him unable to restrain it anymore.

The Bank of England is widely regarded as the most powerful bank in the world.

"Michiko. ”

Looking at An Hui Michiko with enthusiasm, Shen Jiannan picked the person up, held it in his arms and walked towards the balcony.

With such a beautiful day, only the moonlight can make people calm.