Chapter 860: The Boss Empire
As a cosmopolitan city, London is more lively and lively at night than it is during the day. In particular, the banks of the River Thames from Tower Bridge to Big Ben and the Palace of Westminster are dazzling and dazzling as the central part of London. The famous City of London is located on the north bank of this section of the river, enjoying the most beautiful and expansive scenery.
When night falls, the financial professionals who work here step out of the cluster of new and advanced office buildings, or the old stone buildings with a long history and thick thickness, these two different styles of buildings can coexist harmoniously through time and space, full of historical and cultural special temperament that makes people linger.
Every street in the City of London seems to tell the glorious history of this old empire and the glorious sophistication of today. A modern mall with an advanced eco-friendly design, and perhaps the tavern next door is still an old store that existed before World War II. Inside the arched wooden hinged window opposite the LED-lit window, it is actually an upscale club that can only be accessed by invitation from inside......
Of course, it's not all about the perfect life. For example, the old Lafayette of the empire, and her crown prince who has been waiting for the succession for many years. A paste-maker's prime minister, and a weakened navy. And the wolf-like Labour Party, and the Irish rebels who are divisive all day long! The Queen's family only thinks about the summer vacation at Windsor Castle, the ball at Buckingham Palace, and the fruit man jumping out of the window along the sheets! Mohammed is the mayor of Tower Bridge in London! The America of the ancestors has been abandoned, the jewel in the Queen's crown has become independent, and now the Scottish referendum is about to be held, and the great empire is looking to live forever!
Heyβit's a great show for people outside!
But in London in 1993, some things had already happened, some things hadn't happened yet, and some things were on the way.
The London accent is thick and has a different kind of charm to listen to. However, any beautiful language used to spread bad news will probably make people unhappy.
In a bar in the financial city, a successful man in a suit and leather shoes is having a hot fight with a beautiful blonde.
"You know, we were pretty thrilled back in 1991. No matter how much pressure we put on, the Germans gritted their teeth and did not cut interest rates for the mark, so that the cost of maintaining the exchange rate was a bit too great. But the Germans could never have imagined what would happen later, the Russians actually conducted a live-fire exercise on the high seas in front of their home!"
The girl opposite looked like she had heard these "insider" news for the first time, and she was obviously curious, staring at the man opposite with wide eyes and admiration, urging him to continue talking.
"You know, the Russians can do anything! They even detonated a nuclear bomb on their own soil! Of course, at that time, we couldn't imagine that they could do such a thing as dropping a nuclear bomb. Back in 1991, an entire Russian North Sea Fleet was blocked off the coast of Germany, and they even fired live ammunition at passing merchant ships. Believe me, no country can maintain a stable exchange rate in such a situation. β
"The Germans lost a lot of money in the foreign exchange market because they refused to cut interest rates. That's not all, in order for the Russian North Sea Fleet not to become an aircraft carrier formation in the future, they will also spend money to give our British fleet a Ukrainian-produced Ulyanovsk-class, which is the most advanced aircraft carrier in the Soviet Union - we plan to name this battleship after Queen Elizabeth, it will become the new pride of Britain!"
"Oh, that's ......" The blonde girl was fascinated by the man's description, and couldn't help but reach out and put the man's hand on her lap: "I think we can find a place tonight to talk about how you fought the Germans, our British financial heroβ"
"Wow-"
The man was obviously a little surprised, and just as he was about to nod, a bell rang from his body.
"Uh, sorry, I have to take a-"
The man took out a mobile phone from his arms, but before he could press the answer button, the mobile phone in his hand was thrown into the wine glass by the woman opposite him in a trance. The woman then tugged at his tie and bit her lip seductively: "Why, it seems that my charm is not as big as this cold machine?"
The man looked at the mobile phone that was thrown into the wine glass, and black smoke came out with a snap, and patted his forehead in annoyance: "I knew I should have bought a new waterproof mobile phone, Vodafone's bargain - oh, your hands! Beauty, slow down, slow down - I have a room in the hotel opposite, it's not very convenient here - hiss-oh!"
β¦β¦
"Where's Dakshunada? Haven't you found him yet?"
"We called his phone, but it was turned off. β
At this time, the HSBC Securities Funds Custody Department in the City of London was already overturned, and the manager on duty, Dak Shunada, was obviously just taking the time to go out for a glass of wine and relax, but now he has lost contact with the office! Of course, the operation of a huge bank cannot always be pinned on only one person, and his reserve candidates can be said to be innumerable.
The problem is that there are times when a critical position is not functioning for a short period of time, and the lethality is large enough.
At this time, the securities fund custody department was already in chaos, and the vice president of the business who was full of alcohol stood in the center of the office, and he was a little dazed in the face of such a situation.
"Can anyone tell me what's going on?" Calm me down, and no one is allowed to move!" the vice president kicked a glass of glass with a bang, and then pointed to the person closest to him, and said angrily: "You, you come and tell me, what is going on!"
"Someone launched an attack on the pound in the foreign exchange market, and in the past ten minutes, a billion pounds of short orders have been placed, almost looting the funds of the bulls in the current market. Not only that, a number of banks in the Asian region have just launched a request to HSBC to convert Hong Kong dollars to US dollars, and the scale of funds is larger than the attack on the British pound. β
"Contact the other managers in the custody department and ask them to come and coordinate with our clients right away to mobilize funds for the acquisition of pounds in the shortest possible time. β
Hearing such an order, it was not long before a middle-level person in charge of the Asian business stepped forward.
"Mr. President, if we convince our clients that a large amount of foreign exchange in US dollars will be needed to buy the British pound, what about the Hong Kong dollar exchange request? If we refuse to convert the Hong Kong dollar, I am afraid that the linked exchange rate of the Hong Kong dollar will be lost immediately. β
"What can I do then?"
The vice president immediately yelled back: "Who cares what will happen to the Hong Kong dollar, we have to protect ourselves first!"
"Keep the pounds, we can go back to Xiangjiang at any time to clean up the mess. I don't want anyone to waste any more time questioning my orders, I just ask you to carry out my orders without discount!"
It's a pity that the best time to counterattack has indeed slipped away in the hands of the British.
Soros's attack was a combination of punches, and in less than an hour, he unreasonably smashed a full 5 billion pound short order. The British, on the other hand, were a little slow to react, and every time the long orders that were put out had not yet formed a scale, they would be completely overwhelmed by the pound sterling orders in the market.
Half an hour later, the British formed a certain organization and began to fight back, but the mood of the entire market has been mobilized by Soros. And after Soros was gone, more money joined the fight against the pound in half an hour.
"The German City Bank, the Zurich Insurance Group, and the French are also on board!"
By the time the general manager of the securities fund custody department rushed back to the office, further information had finally been sorted out, but I was afraid that it would only make the situation more desperate.
"The initial funding came from the US Quantum Fund, and it was they who blocked the pound and the mark two years ago. β
"Their money is about 80 to 10 billion dollars, and then there is German money, which is probably no less than Soros's capital. As for the Swiss and French, it may be just a ride, but the energy mobilized cannot be ignored either. However, the most threatening situation is that a large amount of international money is joining the short-selling team, and we must turn the situation around quickly or risk being attacked by the crowd. β
"Oh no, watch the news!"
Before the general manager of the custody department could give instructions, someone outside broke into his office with a radio. The German language on the radio was difficult for the financial elite present, and the European financial industry has long been inseparable from Germany.
"In view of the current economic situation in Germany, the Bundesbank announced that it will raise the benchmark interest rate from today, in the hope of reducing inflation in the German economy and helping Germany get out of the shadow after the merger of the two Germanys. β
"The Germans have just announced a three-percentage point increase in interest rates, which will lead to a large amount of foreign capital entering Germany, making the market a bullish market, which is extremely bearish for the pound. β
At this time, HSBC is not alone, and the general manager of the custody department believes that the British financial industry must be trying to save itself, and this time must not hesitate. It is unlikely that an internal trader would personally use his body to block the mainland brokerage to bail out the market, as in the Xiangjiang stock market in '97.
"How many marks do we have? Sell now!"
However, what the British did not expect was that this temporary alliance of power semiconductor giants was not the only one in Germany.
In the radio, which had not yet been turned off, it began to wear out the broadcast again: "In view of the increase in interest rates in Germany, the same will be in place in Italy...... France announced that it will raise the benchmark interest rate by 3 percentage points in line with Germany......"
"Hong Kong dollars!"
Before the general manager could give a new order, someone from outside rushed in and shouted with a pale face: "The Hong Kong dollar has just announced its decoupling from the dollar!"
γ m.