Chapter 137: The Uncrowned King

With a history of more than 200 years in the UK, Anatoly Kelis is the largest mainstream newspaper in the UK, and as a top student who graduated from the Department of Economics at the University of London, Anatoly Kelis also enjoys a high reputation in the UK.

In the process of Margaret Thatcher's privatization of state-owned enterprise reform, he once rejected a state-owned enterprise president who could buy him up to 100,000 pounds, and fiercely criticized the embezzlement of state-owned assets by capital in the privatization process.

One hundred thousand pounds, that's a very large number.

At least, it's money that Anatoly Kelis wouldn't have been able to make in five years under normal circumstances. It is for many similar reasons that Anatoly Kelis is known as the last clear stream in the British media, a spokesman for objectivity and impartiality.

Everyone has a hero in their hearts, and whether this hero is a god or a demon is not that important.

For most Britons, Shen Jiannan became a hero.

Everyone knows who the person who launched the attack on the pound is, and from the time the newspaper "The Dirty" advertised an interview with Anatoly Kelis, Shen Jiannan became a hero in the hearts of many Britons as "the man who brought down the Bank of England".

Although, in reality, the Bank of England was not destroyed, it was indeed consuming the wealth that the Bank of England had amassed.

It's a ridiculous thing.

But that's how ridiculous it is.

Just like the Eight-Nation Alliance entered the imperial capital, countless people took the initiative to lead the way.

The privatization process promoted by Margaret Thatcher has completely reduced many of the British working class to a stepping stone to capital, and some families can even buy state-owned enterprises with assets of billions of pounds for a pound.

Even at the last moment of the pound's depreciation, Chancellor of the Exchequer Norman Lamont and the Bank of England were still telling the public that the pound would never depreciate.

"In our conversation, Shen Jiannan, like a financial analyst, believes that speculation is harmful, especially in the currency market. ”

But he believes that the measure to stop this kind of speculation is not to stop speculating, like a rapist, if he wants to make him really realize his mistake and correct it, then the best way is to punish him according to the law, rather than ignore his criminal behavior or even selectively ignore it. ”

If you are sick, you should see a doctor.

Under Anatoly Kelis's objective economic explanations, it is clear to everyone that the root cause of the depreciation of the pound is due to the economic deviation between Germany and Great Britain.

But in this matter, the cabinet government selectively went blind and ignored the problems of the pound, and used the means of concealing the disease to tell the people that they were not sick, and the final result would only lead to a minor illness becoming a major illness.

The mistake itself comes from the mistake itself, and even if I give up the attack on the pound, it will still go wrong.

And what I did with the pound was to make the mistake corrected earlier.

But apparently, the Bank of England did not realize this until the end, and until then it had been trying to limit monetary liquidity, which has often proven to be more harmful. Restricting liquidity can make capital feel panic and uneasiness, and it can shake investment, as evidenced by the simultaneous decline in the stock market and the interest rate market. ”

It's like a knife with a sharp edge, inserted into the hearts of too many Britons.

In order to intervene in the pound, the Bank of England raised interest rates several times, causing a massive sell-off in both government bonds and stock markets.

What could be more irritating than a drop in Treasuries and stocks?

No.

Moreover, in the end, the Bank of England dared to fail the pound, but it caused a full-scale collapse in the stock and bond markets.

The process doesn't matter.

All the results point to the extreme stupidity of the Cabinet government.

A British television journalist declared: "The government's obligation to the exchange rate mechanism should guarantee the safety of the Bank of England, but it fails to recognise this."

The losses were huge because the bank depleted its foreign exchange reserves to maintain the exchange rate of the pound.

The government won't say how much we've lost, but the losses could be in the billions of pounds, and it will cost far more to protect the pound this autumn than we have spent on the Gulf War. “

In this way, Shen Jiannan became a hero.

became a big hero in the hearts of the British.

Most people can only roar and curse the stupidity of the cabinet government, but they are powerless, but at the critical moment, Shen Jiannan gave this stupid cabinet government an iron fist and made them deeply aware of their mistakes.

Of course, those who regard Shen Jiannan as a hero will never admit that it is because the stock market has rebounded from the continuous plunge.

In the conference room of the Admiralty Building, an emergency meeting was forced to be impromptuated.

Prime Minister John Major sat in a chair with an ugly look on his face. Chancellor of the Exchequer Norman Lamont was similarly clouded, with a sense of humiliation and incompetence looming over the pair.

From an objective point of view, what they did at the time was not wrong.

The price of the currency market is related to the future of the country, and if you do not do everything you can to prevent the pound from falling, more people will join the ranks of selling the pound, so that no matter how much foreign exchange reserves the Bank of England has, it will not be able to resist all the people from selling the pound in full.

Confidence is something more important than gold.

As Chancellor of the Exchequer, Lamont knows this very well, which is why he has said countless times in front of the cameras that no matter what the circumstances, the pound is unlikely to depreciate.

But the adult world never pays attention to the process, and politics is even more so.

Norman Lamont had a feeling of being doggy, and he knew that in the face of constant criticism from the media and the public, it was time for him to resign.

The atmosphere in the venue was very awkward.

The people present are not stupid, in fact, they know very well that if they change to Sister Mei's position, I am afraid they will not do better, if they really want to investigate, whether it is the Iron Lady or even the royal family, they will not be able to escape the involvement.

All the problems lie in the privatization reform, and it is precisely because the privatization reform has led to the large-scale annexation of the property of state-owned enterprises, which has led to the loss of huge amounts of state-owned assets.

Germany?

It's just a trigger.

But these things must not be said, and the parliamentarians looked at each other and were very sympathetic to the new prime minister.

"I don't think it's our fault for this. If Schlesinger had promised us to cut interest rates, we wouldn't be where we are today. ”

"Damn the Germans, if it weren't for their unreasonableness, they wouldn't have gotten so bad. ”

“......”

When one person speaks, another person begins.

The parliamentarians blamed the German Central Bank for fueling the affair, as if all the fault lay with the Germans.

Naturally, no one objected to this.

If there are Germans who carry the black pot, then at least, they will be under a lot less pressure.

Listening to his colleagues angrily scolding Cole and Schlesinger, Norman Lamont's heart sank to the bottom. If it was in the past, these guys would definitely let him continue to take the blame, and now it looks ...... There's nothing left for him to do.

This is a very bad phenomenon.

At the end of the meeting, Norman Lamont walked out of the building with his head down his head and behind Major, feeling very tired and a complete loser in this political chase.

But he still had one last glimmer of hope in his heart that the prime minister had the power to decide his own minister, and if Major himself did not want to fire him, then he could remain the chancellor of the exchequer.

"Sister Mei is here!"

A shout woke up the thoughtless Norman Lamont, and when he looked up, he saw more than a dozen reporters with equipment blocking Prime Minister John Major's path.

A hint of disgust and annoyance flashed in Lamont's eyes, as if he had seen a bunch of cockroaches, if it weren't for these reporters adding fuel to the fire and fanning the flames, the country would not have fallen to this point, and he would not have faced the situation of being fired.

But unfortunately, the reporter didn't care what Lamont was thinking, and when someone saw that Major was surrounded in front of him, he immediately turned his gun and surrounded Lamont.

"Your Excellency Lamont, I'm Anna, a reporter from the Sunshine Daily, do you think it's necessary for you to apologize for the sterling's exit from the ECU?"

"Your Excellency Lamont. Some analysts believe that it was your wrong decision that forced the pound to implement a floating exchange rate, and whether you will give an explanation to the public. ”

"Your Excellency Lamont, does the international investor Shen Jiannan, who made $4.7 billion from the depreciation of the pound a week ago, mean that your wrong decision has caused the Bank of England a huge loss? ”

"Can you tell us how much the Bank of England has suffered this time?"

Instead of apologizing, Lemmon instead defended his decision to float the pound.

"Everything I did was just a common-sense choice before the financial whirlwind, and I didn't feel like I was doing anything wrong. “

“......”

"Lord Major, some people say that you have a nervous breakdown because of the pound's exit from the ECU, is this true?"

"Lord Major, there are rumors that you spend a lot of time in your closet every day and miss your work......."

"Lord Major......."

“......”

John Major was surrounded by a number of reporters, and the smile on his face was as reluctant as he could. If he could, he would have kicked all these damned prostitutes in front of him to the sky.

He's had enough of these damn whores.

But as prime minister, Major must maintain the demeanor he deserves, he knows too well how poisonous the pen in the hands of reporters is, and if he shows any dissatisfaction and annoyance, tomorrow, he will probably be scolded to the fullest.

"Yes. It is true that I have not been in good spirits lately, and I have caused a huge loss to the country, which makes me feel deeply remorseful and ashamed. ”

"Do you spend a lot of time in your closet every day, as rumored?"

"That's true. But I just wanted to find a quiet place to think outside of work, and the whole thing made me seriously aware of my shortcomings, and I blamed myself for it all the time. ”

"I won't forget the promises I made during the election, but if this happens, it will be a disappointment for a lot of people who support me. ”

"Yesterday I wrote a letter of resignation, presumably to the Queen at the end of the recent events. ”

“.......”

"It's all lies, it's all lies. His Excellency Major was still very calm at work, and he did not lose his mind in everything he did. ”

Major left, probably because the resignation was too important, and the reporters around him slackened and were caught by him with a chance to leave.

Lamont, who was saying good things for him, stood on the spot, and he wanted to talk to Major in private, but now, Major had no idea of talking to him at all.

Damn, I'm sorry for saying so many nice things for you.

Watching Major's car leave, Lamont felt a little annoyed and turned to the camera again.

"However, Major's hesitant personality is so bad that I have repeatedly analysed the pros and cons of staying in the exchange rate mechanism, but he has repeatedly refused to allow the pound to leave the European exchange rate mechanism, which eventually leads to the government wasting hundreds of millions of pounds and trying to maintain the value of the pound in an unproductive attempt to maintain the value of the pound......"