(The illness is not good, and I continue to have diarrhea today, so I have delayed it until now, I'm sorry!)

It took 3 days for the little Jew to take his family's property to the bank to mortgage the loan, and then he lent Jia Lei $4 billion as agreed, and Jia Lei lent the money to the state.

"This money was borrowed by my friend and the bank, not mine, so you must give him double the interest!" Jia Lei told Zhang Wenwang.

"Isn't double interest a bit too high?" asked Zhang Wenwang.

"If you don't want this money, forget it! My friend hasn't usually lived with you, and he doesn't owe you anything, so why should he lend you the money for nothing like me?" Jia Lei said and retracted the check he took out.

"Don't take the check back, we'll just promise you!" Professor Qi hurriedly said.

Now that the country is using money, even if it is double the interest, Professor Qi has to borrow!

"Don't think I'm excessive, I've opened a bank and an underground bank, so I know that the interest rate on such a large dollar loan is usually much higher than the ordinary RMB interest rate.

The point is that in the current situation, even if the state is willing to give double interest, no one else will lend you so much money except us. Those foreign and foreign banks are afraid that if the renminbi collapses, the country will not be able to pay so much money in the future. Jia Lei said.

"Don't say that, those overseas Chinese are still very patriotic, and they also donated a lot of money to the country this time. Professor Qi hurriedly said.

"Isn't it a lot of money to donate one or two million dollars? If that's okay, then the little Jews and I will donate 5 million dollars to you, and then we won't lend this money to the state!"

Spending a little money can avoid risks and get a good reputation, anyone will calculate this account.

"Okay! There are some things that we all know, and you don't have to say it. Even if others donate less, it's a piece of heart, right?" Professor Qi said.

In fact, as long as I am willing to help my country and my compatriots, even if they donate only a penny, I will respect them.

But I respect the country, and the country should not take us for fools, and our demands are not high, and this interest is just for you to follow the rules of international practice!

This time we are not so much lending money to the country as it is a big gamble? If we win, not a penny of this money will be ours, but if we lose, we will have nothing!

That's tens of billions? I asked my friend to risk going bankrupt to help you, and you have to let my friend get some due reward, right? I'm just talking business, and the interest rate twice as big as the risk is really not high!" Jia Lei said.

That's a lot of conscience!

"I know, didn't I promise you, why do you still say so much?" Professor Qi asked.

"Because I don't plan to go back with you this time, that's why I want to make things clear before you leave. Jia Lei said.

"Why don't you go back with us?" Professor Qi asked puzzled.

"What am I going back to do with you? Do you spend my money? Then I don't feel sorry for me......" Jia Lei said pretentiously while holding his chest, hmm...... It hurts to think about it.

"Whatever you want! Anyway, we're only looking for you to borrow money, and you can't help much in the action team, so if you want to stay here, stay here." Professor Qi nodded and said.

"Although I stayed, I still have one request, I hope to contact you at any time, you have to let me know how my money is spent?" Jia Lei said.

"But our actions need to be kept secret, don't you always call back from London to contact us?" Qi Lingyun said.

"But that's my money, and I have the right to know when it's spent. Jia Lei argued.

"If you insist, then we'll report back to you once a week!" Professor Qi said.

"Once a week is too little! If something big happens, I'm afraid I'll be caught off guard by the news in the market.

In this way, if you have any big moves, just notify me in advance, so that I can be more or less mentally prepared and not be frightened by the sudden news in the market!

The changes in the foreign exchange market are so amazing that if I hadn't gotten some news beforehand, I'm afraid my heart wouldn't be able to stand it. Jia Lei said.

"But this is a suspected secret, and we can't disclose it at will?

Jia Lei, although this is your money, but don't forget that you are still a Chinese and under the jurisdiction of the government, do you want to take advantage of the danger of others to climb on our heads?

Wouldn't the law and dignity of the country be a joke!" Professor Qi insisted that in his principles, some things can be compromised, but some things must not be compromised.

"Since you don't want to say it, forget it! If the foreign exchange market crashes one day, I'll just jump off the building. Then you come to my grave and tell me that it was a bureau set up by you......" Jia Lei said self-deprecatingly, if you want to deceive others, you must even deceive your own people.

"Okay! Although there are some things that need to be kept secret, we will give you some peace of mind before we make a big move. Although we can't say what it is, it's okay to give you a vague direction. Professor Qi said.

"Then thank you!" Jia Lei said happily.

"You don't have to thank me, I should thank you for taking out so much money! Now you should give us the check, right?" Professor Qi asked.

"Give it, give it right away!" Jia Lei said and handed over the check with both hands.

"We're still waiting for the money over there, we're leaving soon, is it really okay for you to stay here alone?" Professor Qi asked.

"Don't worry, I'm fine! I've called my bodyguards and they'll be coming over shortly. Jia Lei said.

Now that the money was in hand, Professor Qi and the others left in a hurry, after all, now that the battle is fierce, they can't wait for a while.

How fierce is the battle now, you ask?

In the foreign exchange market, 3/4 of the transaction share of RMB and the US dollar is participated by the Chinese government, although the share of RMB trading in the foreign exchange market is not large, but the daily trading volume of tens of millions or even hundreds of millions of dollars.

"Little Jew, get up! We're going to go to the financial center. As soon as Jia Lei sent Professor Qi and them away, he immediately ran back happily and said.

"Jia Lei, are we really okay with this?" asked the little Jew.

"I've put all my family wealth on the table, what else do you have to be afraid of?" asked Jia Lei.

"But the leverage in the futures market is so big, what if you really lose money...... I can't afford to lose my fortune!" said the little Jew.

"Are you stupid or not? Since I dare to do it with such a small amount of courage, then we will definitely win!" Jia Lei said with a blank look.

"Jia Lei, actually, I've always wanted to ask you, why do you have so much confidence in our government? I don't think our national government seems to be as good as the British government, right?" asked the little Jew.

Even the British government, the old power, lost, and the little Jews did not think that the Chinese government could win!

The reason why we are more powerful than the British government because the Chinese government is not yet completely open to the public, and the reform and opening up is now only open to foreign trade transactions between the two sides.

But our country's financial market and foreign exchange market have not yet opened, just a few years ago, our country still used foreign exchange coupons?

It really doesn't work, and the big deal is that the country just shuts down the dollar cash transaction and then implements foreign exchange coupons. You have forgotten that in the past two years, ordinary people just take dollars to buy things in stores and stores do not sell them, and those who can't spend dollars are really not as good as foreign exchange coupons in the eyes of ordinary people.

Besides, our country's exchange rate uses a dual-track system, and the exchange ratio of the official exchange rate is set by the government.

That is to say, our domestic official exchange rate has nothing to do with the exchange rate in the international market, as long as the domestic official exchange rate remains unchanged, then the change in the international market exchange rate will not affect the lives of ordinary people in China.

Although this will be a blow to import and export enterprises, the country can still bear this little thing.

As long as the exchange rate changes do not affect the lives of ordinary people, it will not cause panic among the people, and the RMB exchange rate will not collapse without panic!

Never!" Jia Lei said.

"Oh my God, is that what happened? I thought that our country would end up in the same situation as London?

"Of course, why do you think Britain would withdraw from the European Exchange Rate Mechanism?

They are doing this just to take the foreign exchange pricing power back into their own hands!

To be honest, if Britain had not joined the European exchange rate mechanism ERM dominated by the Deutsche Mark in 90, the pound would never have been sniped by Soros so easily.

It is important to know that the situation of each country is different, and the UK was at a low ebb at that time, and it was necessary to reduce interest rates to ease the domestic economic pressure and increase market liquidity.

However, in the dominance of ERM, Germany is in a period of economic upswing with strong infrastructure, and Germany must raise interest rates in order to alleviate the inflationary pressure in the market.

You must know that there is more than one country in the European Union, and even the most powerful countries, the United Kingdom and Germany, have such a big difference in exchange rate and monetary policy, then the problems of other small countries are even more.

As a result, the EU countries were exploited by Soros and identified their weaknesses!

In 92, they first tried their hand with the Italian lira, and it only took three days for the lira to be devalued by them, and then Italy had to surrender and withdraw from the ERM common monetary system and suspend foreign exchange trading.

After the Wall Street group of capital predators tried their hand, they targeted the fattest pound in the ERM, and then there was last year's pound sniping war, and then on September 16, the pound depreciated sharply, and the United Kingdom had to withdraw from the ERM in order to protect itself.

The reason why these two will lose. It is because their official exchange rate is too deeply involved with ERM in the international financial market.

Our country only has foreign exchange quotas, but there is no free foreign exchange market, all foreign exchange is stored in the bank, and enterprises want to use it to greet the bank in advance.

Even if the exchange rate changes rapidly in the international market, it has nothing to do with the domestic market, and we are not a member of any organization, so we can set our own exchange rate at any time.

Our country's exchange rate belongs to my territory, and I am in charge, and how to change it must be according to the government's will, do you understand?"

"I understand, what you mean is that the official exchange rate in our country is actually what our government says. Officially, as much as you want, right?" asked the little Jew.

Although Soros understands financial rules, it's a pity that he doesn't know much about China's national conditions, so he lost this time. Jia Lei said proudly.

"And what do you want to do this time?" asked the little Jew.

"Have you ever heard of the praying mantis catching cicadas and yellow finches behind? Let's just follow behind the group of people on Wall Street, I have already written down the steps taken by Soros to block the pound last time.

The only difference between what we did this time and when Soros sniped the pound is that they are short the pound and we are long the yuan. Jia Lei said.

"But how do we get more than the yuan?" asked the little Jew.

"You just follow me, I'll take you to the London foreign exchange to open a position first. Jia Lei said with a smile.

****

July 1993

Jia Lei took the $3 billion borrowed from all his belongings and the $7 billion from the little Jew, and built three positions of $10 billion in the international market with 3 times the leverage to long RMB, and Jia Lei set the price of the long order at 8.8 yuan.

"Jia Lei, do you have any meaning in setting your position at this price, and how did you calculate this price?" asked the little Jew curiously.

"I didn't calculate, the reason why I booked the position at this price is because its numbers look auspicious!" Jia Lei looked up and said.

"Poof, Jia Lei, are you kidding, can you just set an auspicious number for such a big matter?" asked the little Jew in disbelief.

"What's wrong with auspicious numbers, everyone loves to draw an auspicious number! This kind of number is easy to say, so leaders often choose a few auspicious numbers when they set up tasks.

If it weren't for the risk of 8.6, I would have wanted to set my position at 8.6!" Jia Lei looked up and said, in his memory, this seemed to be the exchange rate of the year.

However, Jia Lei felt that he should be cautious, so he chose an auspicious number of 8.8.

It is said that from 93 to March, Huaxia first caused a sharp depreciation of the RMB exchange rate due to the sharp fall in the stock market, and then the bursting of the real estate bubble on the island in June made Huaxia's financial industry even worse.

Many financial institutions are on the verge of bankruptcy and bankruptcy!

In the case of the sluggish domestic economic situation, various countries and institutions in the international market began to sell off their renminbi sharply, which caused the renminbi to depreciate sharply.

At the height of the domestic economic situation, the exchange rate of the US dollar against the RMB was even as high as 10.9:1 at the end of June, but the RMB exchange rate is slowly increasing since the national team came out to save the market.

.。 m.