After doing a good job, Shen Daoru looked proud, "Let's open the stove, make sure that the house will not sound when it is on fire." We're going to want to have a good meal, so we've got to have fun. If this thing goes off and the fire truck comes in, the poor student can't afford to pay the fine. Compared to the United Kingdom, the United States is ruthless, a classmate of mine went to school in Atlanta, the second year he rented a house outside, the fire alarm came three times in a month, he didn't understand the situation himself, but the result was a bunch of bills, and the police had to pay the money. ”

Li He laughed, Ding Shiping hadn't figured out the situation yet, and asked, "You mean that you have to charge money for this firefighting?"

He felt a little incredible.

Ding Shiping said, "Then what do you think?"

"Evil," Ding Shiping scratched his head and stopped asking, went to open the stove by himself, put a pot full of water on it, and then stuffed it into the duck, "This old duck is stuffy and delicious." ”

Shen Daoru also took the initiative to cut broccoli on the side.

Li He saw Guo Dongyun standing in the backyard talking on the phone, so he went over and asked, "Don't you have a banquet at night?" ”

Since Guo Dongyun helped the Bank of England block the American consortium led by the Soros Quantum Fund, he has made a name for himself internationally and has also been recognized by Downing Street. What is the spirit of a Singaporean, who travels thousands of miles for the financial career of the United Kingdom?

This is the spirit of internationalism, this is the spirit of communism. A person has great or small abilities, but as long as he has this spirit, he is a noble person, a pure person, a moral person, a person who is free from low-level interests, and a person who is beneficial to the people.

More importantly, Downing Street hopes that Guo Dongyun can keep the funds of Hong Kong's Silver Island trade in the UK, which is nearly 40 billion US dollars, which will completely help stabilize the pound exchange rate.

Unlike Li He's previous speculation in Goldman Sachs' vest, Guo Dongyun directly showed his identity as a former director of Goldman Sachs to face off with Soros this time, gaining a large wave of friendship, and naturally full of hatred.

In the spring of 1992, a year and a half after Britain joined the European Exchange Rate Mechanism, the fixed exchange rate situation under this system was seriously problematic, and although it was presented with a positive and optimistic image, the British Treasury realized that the pound was "mispriced" against the Deutsche Mark.

The motivation to ensure that the pound does not fall is the guarantee of the British government, which has pledged to maintain the pound exchange rate, and the market believes this. As long as everyone believes that the British authorities will buy the pound around the mark 2.95, then the current situation will continue.

But Soros does not believe the assurances of the British government, and it makes no sense to be confident but only invest in a small position.

Since August of that year, Soros's Quantum Fund has built a short position worth £1.5 billion in pounds, and he has used his margin to the extreme, using 20x leverage to make a small amount of money.

Bundesbank President Schlesinger said in a speech on September 16 that even after the reconfiguration of the European exchange rate mechanism and the cut of interest rates in Germany, there are still 1-2 currencies that may come under pressure before the full referendum in France. In the interview, he admitted that the actions that have been taken have certainly not completely solved the problem.

This seemingly innocuous indirect quote spelled disaster for the Bank of England, as the market no longer trusted the Bank of England's ability to maintain the pound's exchange rate, and it was this "trust" that ensured that the pound had not seen a major decline before.

The day after Bundesbank President Schlesinger's speech, Soros and his funds increased their short positions betting on the fall of the pound, increasing the amount from $1.5 billion to $10 billion.

In addition to Soros, including Bruce Kirfner of the Caxton Company and Paul Tudor Jones of Jones Investment.

Tudor Jones was the biggest winner in the U.S. stock market crash, with the exception of Lee and Goldman Sachs.

On this day, the total position size of Soros and his followers reached almost $20 billion, which, with leverage, is simply a very terrifying scale.

Since the opening of the London market, officials of the British Treasury have also begun to get busy, tens of billions of pounds have been spewed out, and the pound exchange rate has also come to the bottom line of the European exchange rate mechanism very dangerously.

British Chancellor of the Exchequer Lamont said that he would borrow $15 billion to defend the pound before the exchange rate began to plummet, but in fact the British officials only bought a billion pounds of selling, which was not enough to stop the pound from falling - the whole world was selling.

By 9 a.m., Chancellor of the Exchequer Lamont contacted Prime Minister John Major and informed him that he was no longer able to maintain the exchange rate and that the only option before the British government was to raise interest rates sharply to attract buying back.

However, Major rejected this option, and the UK was in recession at the time, and raising interest rates would further plunge the economy into the abyss, which was undoubtedly political suicide.

An hour and a half later, Lamont called Major again to ask for a response to the crisis, and at 11 o'clock, the British government announced a 200 basis point interest rate hike, raising interest rates from 10% to 12%.

In the process of the depreciation of the pound, the British Treasury has been constantly using foreign exchange reserves, in order to maintain the value of the pound, the central bank should pay the final value of the pound shrunk by 1/4, it is estimated that this action also cost the British taxpayer 33 billion pounds of wealth.

How will the pound react to such a massive rate hike?

There was no reaction, and the pound continued its free fall movement.

At the same time, Soros's position already has 15 billion positions, which, together with his followers, far exceeds the strength of the British government.

The market expects that the UK will be forced to depreciate the pound, and neither interest rate hikes nor the pound sell-off will stop the pound from falling. Therefore, it is believed that the UK will eventually withdraw from the European Exchange Rate Mechanism, and the depreciation of the pound will be a self-confirming prophecy.

Soros is preparing for a last-ditch effort, and Downing Street is preparing to be forced to devalue the pound, Lamont re-held a press conference and Britain conceded defeat.

But it was precisely at this time that Guo Dongyun came out with 30 billion funds, plus the Goldman Sachs portfolio, nearly 40 billion US dollars, and told Downing Street that he would fight side by side with the pound!

A female bodhisattva who fell from the sky!

Downing Street didn't think of it!

Soros didn't expect that he was going to block others, but he was blocked by others halfway!

It's almost a perfect trading strategy for Soros, with limited upside for the pound but unlimited downside.

It's like betting heads and tails on a coin toss, if you go to the side of the pound that is falling, the position has unlimited profit margins, but if the other side of the coin is up, then Soros will not lose much.

In doing so, Soros and his aides shorted about $7 billion in pounds, bought about $6 billion in Deutsche marks, and bought a certain amount of French francs.

As a parallel trade, they bought up to $500 million worth of British stocks while they were still short the pound, expecting the stock market to usually rise after the currency depreciated. Soros is also long German and French bonds, while shorting stocks in these countries. Soros's reasoning for operating in the French and German markets is that rising valuations are bad in stocks, but good in bonds because it will lead to lower interest rates.

However, Guo Dongyun and Goldman Sachs' team inserted too quickly, and it was such a huge position!

Soros didn't even have enough time to escape, and he lost $5.5 billion in an instant!

Faced with the increasing amount of money pouring in, he had to react decisively and quickly withdraw with grief, along with his followers.

Guo Dongyun is completely famous!

Hong Kong Silver Island Trade is also known to global investors!

The headline in the British newspaper was a huge photo of Guo Dongyun with the headline "Great Thursday!"

"Black Wednesday!"

"A strong woman!"

"She fought for Britain!"

Guo Dongyun said in an interview with the media, "When I was studying in London, many people gave me enthusiastic help, I love Britain and the British people, and those who try to empty the wallets of British taxpayers will not end well." ”

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