Chapter 120: England Pressed to the Ground and Rubbed
Marx said: The economic base determines the superstructure.
In the runaway free fall of the pound, crime in Great Britain increased exponentially over a three-day period, with at least three people killed almost every hour.
Suicides, homicides, and gang fighting have plunged society into serious turmoil.
This is a reasonable and unreasonable outcome, but it is an unaffordable outcome for the British Cabinet government.
The free-fall pound has left many people bankrupt and homeless, the street demonstrations have turned violent, and Major himself and the Chancellor of the Exchequer Norman Lamont have been unanimously questioned by the public and the media, and some media have even directly named the Major government's policy of promoting Britain's accession to the European Community as a traitorous act.
"He's the biggest short in the market, and I suggest that calling him in for a talk will help the situation now. ”
"Emma, you're crazy, don't you know that damn bastard might be an Oriental? ”
"What about the Orientals? John, don't you see what kind of crisis this country is facing? I beg you to go out into the streets, every minute someone dies because of poverty, and if it continues, is it what you want to see?"
"It's all done by that damn bastard demon, and without him, the pound would never have depreciated to this point. ”
"Do you know how much public pension there is now? We can't even last more than three months, how many people do you think will face homelessness in these three months?"
“.......”
Conference hall on the top floor of the Admiralty Building.
Affected by the recent economic chaos and the great changes in social order, a cabinet meeting was urgently convened under the chairmanship of Prime Minister John May.
But when it came to how to solve the current dilemma, John Hancock, Secretary of State and Privy Council Speaker, had a heated argument with Emma Ladd, Secretary of State and Secretary of State for Jobs and Pensions and Secretary of State for Women and Equality.
As Minister of Employment and Pensions, Emma Ladd is well aware of the seriousness of the country's problems, with declining employment, rising unemployment pensions, and declining social pension funds.
This is a very tricky question.
Once the social pension reaches the point where it is impossible to make ends meet or even pay, everyone can imagine that it will be a disaster, and even millions of people will die as a result.
In order to find a solution to the problem, Emma Ladd went to the door and consulted the most capable and prescient economist and financier, Pound Brooke.
The former Bank of England executive, who had long anticipated the uselessness of the Bank of England's work, was struck by Emma Ladd's sincerity.
He believes that the root of all the problems lies in the falling price of the pound, which seems to be free to fall.
As long as the value of the pound can be stabilized, the capital fleeing the UK will gradually calm down, and with a series of steady reform measures, I believe that the country will quickly get through this crisis.
And if you want to stabilize the value of the free landing of the pound, you can try to make peace with the biggest bears on the pound at the moment.
This is a very irritating and humiliating proposition.
At least, for John Hancock, Secretary of State and Privy Council President.
Judging from MI5's intelligence, the largest short capital in the pound is Shen Jiannan, a bastard who has been singing short the pound before, and his Geman Investment, Kamandi and Capital One hold at least one-fifth of the short positions in the market.
It's this guy who broke the pound, but now, someone actually asked the prime minister to talk to this damn bastard.
The prime minister represents the country, how can the honor of Great Britain bow to a bastard who is suspected of being Chinese.
This is absolutely not possible.
Bang –
John Hancock was suddenly struck by Emma Ladd's anger, and he slapped the table and stood up.
"I absolutely disagree with your suggestion, Lord Ladd, for it will only be a disgrace to Great Britain. ”
Bang –
Although she was a woman, Emma Ladd's temper was not much smaller, and she was not to be outdone, and she slapped the table and stood up.
"Sir Hancock, if you have a better proposal, I support your idea, but if you can't come up with a better way, then please shut up. ”
"You ......"
Hancock stared, a word you don't know how to answer.
The Bank of England did everything he could to keep the price of the pound in place, and what good could he do.
"Lord Lamont, don't you have any other way in the Ministry of Finance?"
“.......”
Your mother's Hancock.
Norman Lamont, who was watching the play with the melon-eating crowd, almost didn't scold his mother, and the good Hancock drew the fire to him.
He has enough pots on his back, and now I still want him to carry the pot.
Sure enough, Emma Ladd, who didn't let the shaved eyebrows, suddenly look away.
"Mr. Lamont, Mr. Pound Brooke has reminded you earlier that it is in the interest of Great Britain to withdraw from the exchange rate mechanism rather than to remain in the Community. ”
Why did you veto his proposal?
If the Bank of England had not exhausted all its foreign exchange reserves, we would not have faced such a crisis at all. ”
With the Bank of England depleting all its foreign exchange reserves and borrowing seven billion pounds from the IMF, the pound was forced out of the European Exchange Rate Mechanism and fell into free fall.
And if, at that time, the European Community is directly withdrawn, with the size of the Bank of England's foreign exchange reserves, even if the interest rate is lowered, the fall of the pound can be completely controlled.
This is a very unreasonable logic.
Who would have thought that things would come to this point.
But losers do not have the right to speak, life is so, and politics is even more so.
The result is the root of everything, and the cause and process are not so important at all.
Lamont's face flushed with Emma Ladd's words, but he couldn't refute a word, so he could only blush and glance at John Major opposite.
Major was not in great form, the media and the public were constantly accusing him of his wrong political strategy, and his competitors were constantly attacking him, and the bad situation made him unable to rest for three days.
But now, damn Lamont actually burned the fire on him again.
Shit bastard, you wait for me.
Annoyed at Norman Lamont, who was throwing the pot, and Major wisely sided with Emma Ladd.
"I agree with His Excellency Ladd's suggestion, but the question is, will he talk to us?"
“......”
This is a very serious question.
After all, John Major represents the whole of Great Britain, and Shen Jiannan is the largest seller in the pound sterling market, the bastard who broke down the Bank of England and rubbed Great Britain's credibility on the ground.
If John Major, the prime minister, sent an invitation to the bastard who sniped the pound, it would be a shame in itself, and if it was rejected and spread out, the whole of Great Britain would be greatly humiliated.
God, you know, the British Prime Minister wanted to find a devil and beg for mercy, but the devil didn't agree.
Such a discussion is absolutely unacceptable to Great Britain.
The huge conference room fell into a brief silence, and the royal honor and the dignity of the country were not sloppy at all.
But you can't talk about it.
The pound position held by Carmandi, Geman and Capital One accounts for one-fifth of the market's selling position, which is the banner of the bears' will.
Everyone present stared at each other, you look at me, I look at you, and I don't know how to speak for a while.
Talking about the risk of losing face with dignity is not good if you don't talk about it.
Suddenly, Norman Lamont felt that the atmosphere in the stadium had become a little strange, and at some point, a pair of eyes were fixed on him.
"I suggest that Lord Lamont try to talk to that bastard first. ”