At four o'clock in the morning EST, when Zhou Ming was sleeping in bed, suddenly the phone on the bedside rang, Zhou Ming picked it up in a daze, and listened to Joros's nervous voice on the phone. Pen, fun, pavilion www. biquge。 info

"Mr. Zhou Ming, no, there is a very troublesome problem on the British side, I'm afraid we have to find another way! Please turn on the TV now, the Wall Street financial channel is broadcasting this news feature! Mr. Zhou Ming?" said Joross.

Zhou Ming didn't fully wake up when Joros started to speak, and he didn't understand it until he repeated it a few more times, but after he understood, Zhou Ming frowned again.

Zhou Ming knew that Joros would not call at this time just for a prank, there must be something major happening on the pound side. This is what Zhou Ming is very concerned about now, so he immediately turned on the TV and tuned to the Wall Street financial channel, looking at the title on the TV, Zhou Ming immediately understood what Joross meant, Zhou Ming said to him: "Mr. Joros, what you want to say is that the Bank of England is trying its best to defend the pound exchange rate, right?"

Zhou Ming asked and turned on the TV, and sure enough, there was a news feature on the issue of the pound exchange rate.

The TV host said: "Since yesterday, under the leadership of Joros and his quantum fund, the pound began to be sold frantically, which also made the pound exchange rate fall by one point or three percentage points in one day yesterday; ”

Then the camera was shown to a commentator, who said: "Actually, this is not surprising, because we know that the Bank of England, also known as the Bank of England, was the largest central bank in the world before the Federal Reserve was born, and no one has dared to challenge his authority in three hundred years. ”

"Indeed, now that the British economy is in a recession, and Germany is constantly raising interest rates within the European exchange rate system, it seems that the pound will depreciate at first glance, as long as anyone dares to sell the pound and buy the Deutsche mark, they can make a profit, and in fact Joros and his quantum fund are exactly doing this. ”

The commentator's words come here with a big twist: "But note that Joros and his Quantum Fund were able to succeed if the Bank of England did not intervene, and once the Bank of England intervened, it was completely different." ”

"After all, it is the Bank of England, and the Bank of England has the most experience in regulating the market and resisting chaos, and even the Fed, which is calling for wind and rain today, is only a junior protégé in front of him. So, as long as the Bank of England and the UK Treasury make it clear that the pound will not depreciate, then it should not be. ”

The commentator went on to say: "Today's speech by Chancellor of the Exchequer Philip is a good proof of this argument, as he said at a recent press conference that he would order the Bank of England to buy a billion pounds to deal with international speculators. ”

"It's a very effective tool. Because we all know that Joros and his Quantum Fund depreciate the pound by selling off, then the Bank of England will naturally be able to maintain the exchange rate of the pound by taking the exact opposite measure. "This was also evidenced by the results, and just half an hour after the end of Philip's speech, the exchange rate of the pound stopped falling, which is a very good sign." ”

"So that means that this pound sniper battle is going to be a hand-to-hand battle of money and money, right? The host asked suddenly.

"That's pretty much what it means," said the commentator, "then in the battle of money, the simple way to divide the winner is that whoever invests more money will win the final victory, and although I admire the courage of Joros and the Quantum Fund to dare to provoke the Bank of England, I am sorry that I do not think they will be able to achieve the final victory." ”

......

Zhou Ming muted the TV when he saw this, because from the news features he saw, Zhou Ming could already guess what was going on.

So Zhou Ming asked Joros directly: "How much foreign exchange has the Bank of England prepared to bail out the market?"

"There is a billion dollars now, but the Chancellor of the Exchequer said at a press conference half an hour ago that he would continue to invest more foreign exchange if needed. "And according to the financial data released by the United Kingdom, they have $20 billion in foreign exchange reserves, and if they are really determined, I believe they can come up with at least $15 billion to deal with this crisis." ”

"Just ten minutes ago, I got another piece of news that Britain has borrowed $10 billion worth of foreign exchange from the International Monetary Fund, and from the current situation, it is very likely that it is to maintain the stability of the pound sterling's exchange rate." ”

"So the current situation is very unfavorable to us, Mr. Joros, you want to admit defeat to the Bank of England, right?" Zhou Ming asked.

Joros sighed heavily: "I understand what you mean, Mr. Zhou Ming, as far as I am concerned, I don't want to do this either, but the Bank of England has prepared so much foreign exchange, although it is equivalent to our funds, but we need profits, and the equivalent funds cannot make the pound depreciate, if the pound does not depreciate, we will not be able to create profits." The Bank of England can do everything in its power to keep the pound in exchange rate, but we don't have to. ”

"I know I shouldn't have said such a frustrating thing at this time, but I really don't have a chance now. "Because the other hedge funds that I've worked with have already contacted me and said they're ready to take a break, even though it's only 1.3 percent interest, it's better than nothing." ”

"I'm a trader at the Quantum Fund, and I need to be accountable to all the investors in the Quantum Fund, and I can't make investments that don't have returns. Joros finally said: "So I'm very sorry Mr. Zhou Ming, it seems that I underestimated the determination of the United Kingdom, and at the same time overestimated the degree of erosion of the European exchange rate system......"

Zhou Ming interrupted Joros and asked, "Then Mr. Choros, do you believe the statements and promises of those politicians?"

This sudden question made Joros stunned at that time, and he couldn't understand what Zhou Ming meant: "Mr. Zhou Ming, do you want to say that Britain will not resolutely maintain the exchange rate of the pound as they themselves stated?"

"Isn't it? The British Chancellor of the Exchequer would say this just to boost the confidence of the market, and he can only say that, if he dares to say that he does not care about the exchange rate of the pound, he is afraid that the pound will collapse in a minute, and as for the foreign exchange prepared by Britain and the foreign exchange borrowed from the International Monetary Fund, it is just a bluff, and as long as we can continue to sell and push the pound to the end, they will not be able to hold it. Zhou Ming said.

"Of course I understand what you said, Mr. Zhou Ming, but the problem is that we don't have enough funds. Joros said helplessly, "Although Tang Bank has invested $30 billion in the Quantum Fund, this fund is still being reviewed and filed in the United States, and it has not been fully transferred to our European account." ”

"Of course, even if all the money is transferred to the account prepared by the Quantum Fund in Europe, it will not be useful, because we will not be able to generate enough profit when our funds are equal to those prepared by the Bank of England," Joros added. ”

"To put it simply, there is not enough money!" Zhou Ming said, "so how much more money do we need to support our plan?"

"At least one or two hundred billion, right?" said Joros, hesitantly, and then added, "and the money must be in a European account." ”

"Don't worry, of course the money will be in the European account, because I can't wait for the time for the transfer of funds, I don't want to wait for a day. Zhou Ming said, "By the way, I remember Mr. Choros, you once said to me that Britain is a very rich country, right?"

Qiao Ross nodded stunnedly and said yes, but then he reacted and said incredulously: "Mr. Zhou Ming, you don't mean to fight that idea, right?"

Zhou Ming replied with a smile: "Of course, since the British can borrow money, why can't we borrow it?" I think since Joros and your quantum fund can prepare this project to snipe the pound, there must be companies in Britain and Europe, right? Then we can borrow from banks in the name of these companies, or we can also issue bonds to finance the society, I think since Britain is so rich, it should not be difficult for us to raise 20 billion, right?"

For this question, Joros could only nod his head in a daze and say yes, in vain he called himself a speculative genius, but he didn't expect that there would be such a way: borrow money from Britain and then sell the pound.

I can't help but say that this is a very ghost method, because this is equivalent to finding a bunch of eggs on credit to buy eggs, and then going to the market to sell and lower the price of eggs, how can there be such a play?

Zhou Ming said at this time: "But there is one most important question here, that is, Joros, can you be sure that the British economy cannot support a strong pound, and the pound will definitely depreciate?"

"I'm pretty sure!" replied Joros firmly.

Zhou Ming smiled, because he didn't really want to ask this, after all, Zhou Ming had the memory of his previous life, and he was 100% sure that the pound would definitely depreciate, and he just asked this to strengthen Joros's confidence.

"That's fine, Joros, you just go ahead and raise money, I'm sure you'll be able to raise money soon. Zhou Ming said, "And you also said that once the pound depreciates, it will stimulate the domestic economy to rise, then there will be more hot money, and financing will become easier." ”

Zhou Ming said, and Qiao Ross couldn't help agreeing: "That's right, Mr. Zhou Ming is like this, I will definitely complete the task!"