However, everything is normal in Xu Jiahao's room, except for the traces of Xu Jiahao's sleep on the bed, the whole room is clean and spotless, and there is nothing unusual at all, let alone "entering the house to hide Jiao".

Qiao Tianyu wondered even more in his heart, there is nothing abnormal about this, what did Xu Jiahao do in the room just now, why was he scared into that hanging when he heard Qiao Tianyu enter the room?

With great curiosity, he began the first formal conversation between Qiao Tianyu and Xu Jiahao, two "old friends" in this life.

Qiao Tianyu first took out the stack of information on the sterling exchange rate prevention and control system sent by Raman from the briefcase he carried with him and handed it to Xu Jiahao.

After Xu Jiahao took the information, he just turned a few pages with a few eyes, then nodded heartily, stared at Qiao Tianyu with a tortured look and asked.

"That's right, this is all the design data of the pound exchange rate prevention and control system, but if I guess correctly, even the famous Qiao Tianyu, I'm afraid you haven't found the flaws that broke the new version of the pound exchange rate prevention and control system, right?"

"Yes. Qiao Tianyu didn't shy away from it, and nodded vigorously, "So I have to ask you for advice today, please help find out the flaws in this new version of the pound exchange rate prevention and control system!"

"It's useless. Xu Jiahao shook his head when he heard this, and his face was embarrassed.

"Tianyu, don't hide it, it's not that you Qiao Tianyu is not strong enough to find the loopholes in this new version of the pound exchange rate prevention and control system, but because it does not have flaws!"

"There are no flaws?" Qiao Tianyu looked at Xu Jiahao in disbelief, "How can there be no flaws?"

Qiao Tianyu, who has been a man of two lifetimes, has seen countless financial systems and systems, and even the most indestructible financial systems and systems cannot be perfect.

Even the world investment risk prevention and control system that made Qiao Tianyu and the "Qiao's Four King Kongs" the most proud and made them famous in the world in the previous life has flaws, so Qiao Tianyu doesn't believe that a sterling exchange rate prevention and control system can really be flawless!

Seeing Qiao Tianyu's look of disbelief, Xu Jiahao continued to explain.

"Tianyu, I know you may not believe it, but when I explain to you the prevention and control principle of the new version of the pound exchange rate prevention and control system, maybe you should understand why I said that it has no flaws. ”

"Tianyu, I know that you are a hedge fund master, and the Mexican peso exchange rate protection war and yen shorting war you launched in the international foreign exchange market shocked the whole world. ”

"Therefore, you should be most familiar with the process of how international hedge funds attack a country's currency, so even if I have an axe today, if I have something wrong, please correct it in time. ”

"Looking at the process of international hedge funds attacking a country's central bank and sovereign currency, on the surface, no matter how dazzling and unfathomable the whole attack process is, in the final analysis, international hedge funds are actually two tricks. ”

"Either international hedge funds first borrow a large amount of a country's currency from borrowing institutions through various channels, and then sell it in the international foreign exchange market, deplete a large amount of the country's foreign exchange reserves, and frantically suppress the exchange rate of the country's currency. ”

"When the country's foreign exchange reserves to maintain its exchange rate are completely depleted, the exchange rate of the country's currency will plummet, and the country's currency will depreciate significantly. ”

"When the international hedge fund buys back the country's currency at a very low price and pays it back to the borrowing institution, the rest is the profit of the international hedge fund, which is also known as a 'short selling attack'. ”

"The opposite of the short-selling attack is the 'long-term attack', and the principle is not complicated, that is, the international hedge fund holds a huge amount of foreign exchange reserves, and then goes to the international foreign exchange market to buy a country's currency. ”

"According to the most basic principle of supply and demand in economics, the demand for a country's currency in the international foreign exchange market exceeds the supply, which will inevitably cause the country's currency exchange rate to face great appreciation pressure. ”

"Although the impact of a country's currency depreciation on a country's economy is very huge, in contrast, the appreciation of a country's exchange rate will have a greater impact on a country's economy, and even lead to the collapse of a country's foreign trade across the board. ”

"And this has been well verified by the rapid collapse of the Japanese economy after the United States forced the yen to appreciate sharply in the eighties!"

Therefore, in order to avoid a sharp rise in the currency exchange rate, the central bank of a country has to use its own currency to eat a large amount of foreign exchange reserves in the international foreign exchange market. ”

"As more and more of a country's currency flows out of the country and into the international foreign exchange market, it will also be equivalent to giving up a country's financial security. ”

"After buying a large number of a country's currency from the international foreign exchange market, the international hedge fund can turn around and sell the country's currency back to the international hedge fund market. ”

"With the country's currency in the international foreign exchange market suffered a large-scale frenzied sell-off, it will inevitably cause a violent market panic, and then the world's institutions holding the country's currency will also join the sell-off. ”

"The country's currency has rapidly turned from appreciating pressure to more violent and greater depreciation pressure, and when the country's foreign exchange reserves are all depleted, it will inevitably lead to a sharp decline in the country's currency exchange rate. ”

"Before that, international hedge funds often bought a large number of put futures on the country's currency in the futures market in advance, and the collapse of the country's currency exchange rate will also make international hedge funds make a lot of money. ”

"In fact, to put it bluntly, the 'long attack' is essentially a 'short attack', but it is just a process of adding a long buy of the country's currency in front of the 'short attack' to cause market panic for the next short selling!"

"Therefore, whether it is a short-selling attack or a long-term attack, the key to protecting the security of a country's currency is that the country must hold a large amount of foreign exchange reserves, large enough to resist the final short-selling process of international hedge funds. ”

"And the reason why the Bank of England lost to Soros's quantum fund in 1992 was entirely because the pride of the British hurt themselves!"

"For more than 200 years since the first industrial revolution, Britain has been the most powerful country in the world, the British financial industry has been far ahead of the world, the City of London has been the world's largest financial center, and the British pound has been the world's first currency and reserve currency. ”

"But all of this changed dramatically after the Second World War......