When the veil of wealth was finally lifted, the world was amazed to find that the wrinkles of debt had already crawled all over the woman's face.

At that time, the financial crisis was raging, and governments around the world were adopting stimulus packages to save the economy, but the side effects of stimulus policies were also very obvious: rising anti-recession spending, social security spending, and plummeting revenues in the context of the downturn forced the ZF to eat their own food.

As the subprime mortgage crisis spread and deepened, a financial tsunami that started on Wall Street eventually accelerated the formation of another storm on the other side of the Atlantic, the European debt crisis.

A change of the Greek ZF, which was thought to be calm, unexpectedly opened the tip of the iceberg of the European debt crisis.

Greece's fiscal deficit and public debt-to-GDP ratio are expected to reach 12.7 percent and 113 percent, respectively, in 2009, well above the 3 percent and 60 percent ceilings set by the European Union's Stability and Growth Pact. Causing strong concern in the market...

It's been three days since the last time I was in the office with Angela, Smith Jama to short the euro and take advantage of the European debt crisis to make a big profit.

During these three days, Arthur spent the rest of his time squatting in the office of the investment company, holding meetings to make more detailed plans, listening to various news that was constantly being summarized, and at the same time, waiting for the three major rating agencies to unfold the stone for Greece.

Arthur has a better understanding of the European debt crisis, with the eurozone running an average deficit of 6.3% of GDP, but Portugal, Italy, and Ireland are more serious than Greece.

With the increasing expansion of member states, the level of economic development in the eurozone has begun to diverge, and the difference between the northern and southern member states is the most obvious.

On the other hand, since joining the euro area, most of the southern European member states have been forced by domestic pressure to improve the level of social welfare in the face of sluggish economic development, resulting in rising labor costs, further weakening competitiveness, and gradually marginalized in the entire euro area.

The level of laziness of the people in some countries has reached an outrageous level! Basking in the sun all day long, working for only a few hours and complaining, taking vacations and traveling at every turn, and raising a large number of lazy people with high welfare, as for what is industrious and hard-working?

For example, in Belgium, the child only needs the mother to give birth, and everything else is ZF tube. In the sixth month of pregnancy, you can apply to the government for maternity benefits, and you can apply for more than 1,000 euros for the first child, or two copies if you are twins...

According to the relevant policy, each child can receive a monthly milk payment from ZF when they are young, and ZF will also pay a certain amount of child support every month from birth to 18 years old. If you are still studying or not working after the age of 18, you can also receive child support from ZF until the age of 25 as long as you submit relevant supporting documents every year. The problem is that primary and secondary schools in Belgium are completely free, and not only that, but each student can also receive a monthly school grant from the government by applying for it.

This is also the reason why we can see on the news that there are people in Europe who do not work and live a prosperous life just by having children!

Can you imagine that many people in Belgium not only do not feel depressed after losing their jobs, but also have a hint of joy?

For the unemployed, Belgium generally provides unemployment benefits of 500 to 600 euros per month, and unemployed people with a bachelor's degree or higher receive higher unemployment benefits. If you retire at the age of 65, you can receive 800 euros a month, and if you pay retirement insurance while working, well, then you will make a lot of money, and a good pension will be delivered to your hands...

It can be said that a welfare state like Belgium, with its high welfare system, covers a person's birth, old age, sickness and death, and people basically have no worries, so most of them are 'moonlight people', and they spend almost nothing of their monthly income.

To be honest, under this kind of high welfare, no one will be a hard-working foodie, at this point, Arthur can fully understand, to be honest, there is food, clothing, money to spend, no one will want to work.

So, if these countries don't go bankrupt, that's a joke!

After all, high welfare is built on high shuishui, and if there is no high shuishui, high welfare will become a castle in the air. However, the high income directly led to the wealthy and the capital outside the tao.

The lack of capital, in turn, led to sluggish economic growth and severe unemployment of workers, which led to more demand for social welfare, and as a result, ZF had to raise its income to support welfare spending. The high income has further frightened capital flight, and so on, and the economies of these countries have fallen into a vicious circle that is difficult to self-sufficient.

“。。。 Therefore, the most negative result of high welfare in Europe is that it deprives people of their fighting spirit and demoralizes them. ”

Arthur put down the information in his hand, the corners of his mouth rose, and he sneered and mocked, for the plan to short the euro and take advantage of the fire, he would not feel any guilt.

At this time, in the conference room, there was silence, and everyone was indeed speechless about their young boss's complaints, after all, Britain is also a country with high welfare, and it also raises a large group of lazy people.

"How's the funding going?"

Arthur didn't say anything more about not getting the response of his subordinates, and no longer dwelled on the topic, but looked at Smith Jama on the left and asked.

"After selling all the London gold for around $1,200 an ounce, we got more than $186 million, plus £10 million from the investment company, which is exactly $200 million. ”

Although he had long known that London Gold had made him a lot of money this time, but now that he heard the specific figures, Arthur couldn't help but be happy, and the smile on his face became very bright, "Two hundred million dollars is about the same, right?"

"That's enough, boss, how much leverage do you want to use this time?" asked Smith Jama what he was most concerned about.

Because high leverage is a disadvantage of forex investing, even though it is an advantage. Because the leverage is relatively high, investors can control more funds with less money, and because of high leverage, investors need to bear more trading risks, high leverage is a double-edged sword, which can increase profits and risks.

Especially when investors' funds are not so abundant, if you do not set a stop loss, excessive leverage will cause investors to liquidate their positions instantly in market fluctuations.

“。。。。。。 Arthur was a little entangled, he knew that the three major rating agencies would definitely downgrade Greece's credit rating, and when it did, the European debt crisis would definitely begin to erupt, and then spread, and the euro would inevitably be dragged down and depreciated, but he also had to consider the risk of high leverage.

20 times, 40 times or 100 times?

How to choose, this is indeed a question, but, starve the timid, support the bold, Arthur's eyes flashed, and when he was about to make a decision, Angela, who was sitting on the right hand, was the first to speak.

"I think it's time to decide so early how much leverage we need to use, and before shorting the euro, we still need to judge the euro against the dollar through technical indicators and fundamental analysis. Speak with big data!"

Arthur frowned slightly, nodded and agreed with Angela's statement, it's not that he doesn't believe in himself, but that there are $200 million involved, and he can't just rely on the memory of his previous life to gamble, after all, he really can't remember when the three major rating agencies made the downgrade.

As for foreign exchange speculation, although Arthur has left the stage of financial novice, he doesn't know much about foreign exchange speculation.

"Actually, the foreign exchange market is no different from the futures market, let's say that if we predict that the exchange rate may rise, then we should exchange the dollar for the euro, if the exchange rate is 1.0100, we do a long trade of 1 lot, that is, with 1010 US dollars. When the price rises to 1.0101, we sell EUR/USD and close the position, then we earn 1 pip, or $10.

If the exchange rate falls, then we can borrow euros from the broker on margin. If we find that the exchange rate is 1.0100, then we are also making a sell trade of 1 lot. We borrow euros from traders on margin, and when the exchange rate falls to a certain level, we buy euros and return them to the traders, and we make a profit of 1 pip and earn $10. ”

Smith Jama began to introduce Arthur in the most simple and easy-to-understand way.