As an absolute veteran of the financial markets, George Soros is simply familiar with shorting the pound, and it is completely effortless. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

On September 15, the calm British foreign exchange market suddenly set off a stormy wave, and the pound exchange rate plummeted all the way down like a tiger.

Originally, after the two major currency battlefields of the Finnish mark and the Italian lira were captured, the British government set up three lines of defense on top of the exchange rate of the German mark in order to prevent a similar "pound crisis", and hoarded a large amount of rescue funds.

However, in the face of international financial speculators led by George Soros, these so-called three lines of defense proved to be nothing but fart.

Under the repeated shocks, the value of the pound against the German mark quickly broke through the two lines of defense of 2.95 per 1 pound and 2.85 per 1 pound, and there was only one last line of defense to close the exchange rate set by the European monetary system.

So, in order to maintain the last line of defense, the British government ordered the Bank of England to buy 3.3 billion pounds to intervene in the market, hoping to stop the falling pound exchange rate. It turns out that the 3.3 billion pounds are not even a fart, and they have not even seen any effect at all, and they have been swallowed up by huge financial speculators.

You must know that in the months leading up to the start of this war, a large number of hedge funds and international speculators, such as Fund X and Quantum Fund, have hoarded a large number of positions in the pound. Therefore, as soon as the decisive battle began, Soros began to sell the pound frantically, and the amount was so large that the Bank of England could not parry.

Without any luck, under Soros's continuous short selling, the pound exchange rate fell again, directly piercing the third line of defense of 1 pound to 2.80. Now, there is still one step away from the bottom line of the British government's bottom line, which is the European monetary system's maximum exchange rate of 2.78.

It's okay now, and it's too violent to directly mess with the British government and the Bank of England. Moreover, George Soros's attack has not stopped, and it seems that he wants to wipe out the pound.

As the saying goes, the Buddha has three points of anger, not to mention John Bull, who has always been bullish and coaxing, although the sun never sets now that the empire has declined, but not everyone can be bullied casually.

Therefore, in order to prove itself, for the sake of the face of the British government and the Bank of England, and in order to stabilize the pound - to keep the bottom line of 2.78, the British government will borrow 7.5 billion pounds from the International Monetary Fund and invest it in the foreign exchange market again.

Even in order to stabilize the pound and deter Soros and other national speculators, British Prime Minister Major and Chancellor of the Exchequer Lemmon spoke strongly to the outside world on the same day.

"The pound will not continue to depreciate, we have put all the £7.5 billion we borrowed from the IMF into the market to stabilize the exchange rate, and I believe that any international bears who dare to challenge the Bank of England and the pound will lose all their money. ”

Lemmon's strong speech, and the £7.5 billion bailout, were indeed encouraging, and everyone seemed to see the good news of the pound's victory.

Subsequently, Prime Minister Major's tough statement was like a booster, giving the UK and other members of the European Monetary System great confidence.

"The choice of weakness, the choice of the devaluators, the choice of fueling inflation, these are, in my opinion, betraying our future at this moment. I can firmly tell everyone that that is not the policy of our government. We have the ability to stabilize the pound and remain in the European monetary system. ”

If it is a melon-eating crowd who does not know the truth, it is really possible to be shocked by Major's speech, after all, although the empire on which the sun never sets has declined, the Bank of England is not a behemoth that anyone can provoke.

Therefore, after Prime Minister John Major and Chancellor of the Exchequer Lemmon pretended to be forced one after another, some timid international speculators and investors chose to take profits and leave the market temporarily.

But whether it's George Soros and the Quantum Fund, or Jim Rogers and the X Fund, they all know that this is nothing more than a bluff by the British government, which is a foreign powerhouse – nothing to fear.

As if to slap the British government in the face, George Soros, who originally planned to save some strength, directly decided to completely tear his face, like a mad dog, and frantically sold the pound short again. Moreover, because of the strong help of Fund X, coupled with the support of bold international speculators, the Bank of England could not withstand the huge sell-off of the pound for a while, and it collapsed again.

After barely withstanding the first wave of the attack at 7.5 billion pounds, it didn't take long for the army led by George Soros and the Quantum Fund to break through the third line of defense and push the pound to the ground - reaching 2.78.

, this is a slap in the face, but the Prime Minister and the Chancellor of the Exchequer have just made an impassioned statement - vowing to blow up the international financial bears and win this pound war.

The international financial speculators came up with a revenge and slapped them in the face, directly pressing the pound to the floor and beating it violently, completely ignoring the British government. In fact, these financial giants did not pay attention to the British government's pretense and warning, but continued to go their own way and unscrupulously attack the pound.

You know, in this short period of time, George Soros has frantically sold nearly 10 billion dollars of pounds sterling and bought billions of dollars of Deutsche Mark as a hedge.

Moreover, this is only the number of George Soros and the Quantum Fund that rushed to the front to make the target, you must know that the much more powerful X Fund has sold tens of billions of dollars of pounds in the back. If we add the short selling operation of international investors, that is to say, the British government and the Bank of England will face hundreds of billions of funds in short selling.

Therefore, in the face of such a huge amount of short-selling energy, the British government's more than 10 billion pounds is simply not enough, and it is simply vulnerable. In fact, if this money alone, the British government would not even be able to keep the bottom line of 2.78, and it would have been blown up long ago.

As a result, the pound was able to hold the bottom line at 2.78 with the help of other members of the European monetary system. You must know that the European central banks, led by Germany, have allocated tens of billions of pounds of funds to support the pound - this is enough to hold the bottom line of 2.78.

In the face of the frantic actions of international speculators led by George Soros and the Quantum Fund, the British government is indeed confused, and it does not know how to face the next "pound war".

On Wednesday, September 16th, it was dark in the early hours of the morning......

At 10 Downing Street, all members of Major's cabinet are still deliberating how to win this "pound war", and perhaps how to maintain the precarious situation of the pound.

"Prime Minister, there is no other way out but to raise interest rates. England no longer has excess sterling reserves to sustain this currency war, and we have no other option than administrative intervention. British Chancellor of the Exchequer Lemmon looked at Prime Minister Major with a bitter look and said helplessly.

Prime Minister Major, who has a bitter face, is also bitter in his heart, and as soon as he finished pretending to be forced, he was slapped in the face over there, and he is simply not taken seriously as the prime minister - damn Soros, damn the quantum fund, and damn the international speculators.

Major said with a look of hatred: "Then raise the interest rate." Now, I'm going to give those damn international speculators a taste of being blown up today. ”

"Okay!"

In order to stabilize the pound exchange rate as much as possible and blow up international financial speculators, the British government announced on September 16 that it would raise the bank interest rate by 2 percentage points.

However, it did not work, George Soros led international speculators to beat the pound again overnight, and the exchange rate of the pound against the Deutsche Mark fell below the bottom line of 2.78, reaching the ultra-low line of 2.70.

There is a wail, Prime Minister Major and Chancellor of the Exchequer Lemmon now even want to die, this group of international speculators on dog days is simply shameless. Ma Dan, fight, since you are unkind, then don't blame us for being unjust.

Since the interest rate has already been raised once, do you care about raising the interest rate again?

So, a few hours later, the British government announced again that it would raise the bank interest rate by another 3 percentage points, from 10% to 15%.

The Bank Rate was raised twice in a single day, which is unique and unprecedented in Britain's recent history. It seems that the British government is really in a hurry, and in order to attract short-term capital inflows, Major's cabinet is really fighting.

Again, but it didn't work, the general trend of international bears had been achieved, and Britain lost the "pound war".

There is no suspense, even after the British government raised the bank rate by a total of 5 percentage points twice, the pound continued to collapse - directly to an ultra-low level of 2.64. At the same time, the exchange rate of the pound against the dollar was dried to a minimum of 1.738.

It's over, it's over the pound, it's over the British government, it's over the Bank of England.

After the mechanism is exhausted, dust to dust and dust to dust.

On Wednesday, September 16th, in the evening, the sky in London was darker than usual, and a breath of despair began at 10 Downing Street and spread throughout the United Kingdom.

British Chancellor of the Exchequer Lemmon made a solemn announcement -- Britain officially withdrew from the European monetary system and lowered the interest rate by 3 percentage points.

Wednesday, such a black Wednesday, is a day that will always be remembered for the British government, the Bank of England and the British people - because they helplessly bowed their heads to the national speculators represented by Soros, knelt down and sang "Conquest".

On September 17, the British government, which had completely given up, once again announced a 2 percentage point reduction in the interest rate, bringing the interest rate back to the normal level of 10%.

At this point, the British government has basically lost in this "pound war", all that remains is how to reduce the losses as much as possible!

The grieving British are swallowing the bitter fruit of this "pound war" with tears in their hearts, while the international speculators are enjoying this sumptuous "feast of wealth"!