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The drum does not need to be hammered. Pen % fun % Pavilion www.biquge.info

The meaning of the richest man is very clear, since No. 10 Downing Street supports the Hong Kong government and abolishes the cash cow of Qinhe Group, Heung Kong Telecom, under the pretext of free market ~ competition, the operation of Qinhe Strategy in the London financial market is also in accordance with the rules of the game - if you can't afford to play, don't look for those ridiculous excuses in a wordy manner.

With his current identity and status, Tang Huan can't express his position at will. The chain reaction caused by Gaine is difficult to control.

Just like in the original time and space, after George Soros successfully sniped the pound and became famous, his actions will definitely make investors who get the news rush to him, which is tantamount to having a financial special force that can be mobilized at any time; Or the big V of social media in the Internet era, casually spitting out a groove and collecting donations, even if it is secretly boring, it is also crowded.

That's influence.

At the moment, the UK capital markets are in a dangerous period. As a result, the British media, who under-pumped, ran to provoke Mr. the richest man who came to inspect the industry, although he did stir up anger and create a gimmick as he wished, but also poked out a truth - Tang Huan, who was behind Qinhe's strategy, was not optimistic about the pound sterling, citing his own computer financial model analysis.

In this way, the problem is big.

As we all know, Tang IT's computer financial model, in 1987, when the "Black Monday" occurred, successfully shorted and earned 800 million US dollars, which is a big cut higher than the 550 million US dollars that Michael Milken, the king of junk bonds who has been imprisoned at that time.

Well, Tang IT's computer financial model has also given Britain a fate, which is likely to stimulate speculative capital to become more and more crazy.

……

To this end, the daily press briefing at 10 Downing Street was temporarily added on the evening of Sunday, September 13, during which the official spokesman for the British Prime Minister explained that the pound exchange rate is hovering around the lowest level allowed by the European exchange rate mechanism at this stage.

As for the content, it is nothing more than to confidently defend the pound, and the dignified British Prime Minister and Chancellor of the Exchequer are also qualified not to show up, and let the little minions read the manuscript in front of the stage.

Just as the hedge funds are now making waves and using borrowed money to hit the weakened European currency, Britain has announced that it has borrowed $14 billion to improve its ability to defend the pound.

In fact, the UK's central ~ central bank has indeed successfully resisted the market's bearish pressure on the pound since August.

Financial analysts in Britain have argued with the media that the Italian lira, despite the same large amount of money, has not escaped collapse, and that Italy is nothing more than the richest country in Europe, the most chaotic rich country in Europe, and the United Kingdom, a country led by a powerful Conservative Party that has changed the performance of the British economy.

In addition, there is good news from the European continent that Italy and Germany have reached an agreement on the depreciation of the Italian lira, as part of which Deutsche Bank promised to cut interest rates by 0.25%, which is actually equivalent to a disguised increase in the exchange rate of the pound.

……

On Monday, September 14, the capital market entered the working day, and the British Central Bank ~ directly smashed $700 million to support the pound.

Because the introduction of this measure is based on the reduction of interest rates in Germany, this relatively modest intervention has really paid off, causing a slight increase in the exchange rate of the pound.

The optimism of 10 Downing Street seems to be corroborated; Tang IT, who is a fairy wind bone, seems to have messed up this fortune telling this time.

As a result, some media have impatiently ridiculed: "I don't know how much money Qinhe Strategy has used to short the pound, if it continues to be stalemate day by day, let alone make a profit, I'm afraid it will be a problem to even get out." ”

During the exchange of information, George Soros also asked the question, seemingly unintentionally, "What is the position of Qinhe Strategy?" ”

"$1 billion. If the pound falls as we expect, it will be able to make a profit of 15% or 20%, which can be regarded as a satisfactory compensation for the loss of the Heung Kong Telecom franchise. What about you? When Mr. The richest man asked rhetorically, he deliberately accentuated his tone, obviously emphasizing that the scope he was referring to, including all hedge funds under the control of George Soros, not just the quantum fund.

"$15 billion." George Soros, who loves the present, laughed proudly when he heard the sound of the richest man on the phone gasping for air, "No one would have thought that a hedge fund with less than 50 employees could gather the fighting capital to crush the United Kingdom, which borrowed $14 billion to set up a defensive line." ”

"The winner is in sight." Tang Huan said in a deep voice: "Tomorrow is the time to attack with all your might. ”

"However, Germany's help to depreciate the Italian lira and increase the exchange rate is a factor that cannot be ignored." George Soros had a sense of hope in his tone.

The richest man did not disappoint George Soros, and immediately came up with a solution and said: "In this case, I will immediately arrange for CNN, mobilize the Wall Street Journal, and ask for an interview with Helmut Schlesinger, the president of Deutsche Bank." ”

"Don, you're really a good boss." George Soros exclaimed convincingly.

On the phone, a tacit laugh rang out.

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The slight rise in the pound on Monday, while encouraging 10 Downing Street, gave a sign of optimism that the big picture was settled, but in fact further determined the fate of the pound's collapse.

The reason is very simple, Britain has exhausted its tricks, and there is no new routine, but the international speculators are still only in the preliminary trial, and the answer is already very clear, and the next warring parties are fighting whose funds are abundant.

The biggest mistake of the United Kingdom, as well as the entire European Community, is that it has not realized that the era of the new financial order has come - the speculative capital of the market, once tacitly agreed, is enough to compete with any central ~ central bank.

Think about it, George Soros and Tang Huan alone mobilized tens of billions of dollars for sniping, plus Paul Tudor Jones, Citigroup, JPMorgan Chase, Chemical Bank of New York and other players.

On Tuesday, September 15, the UK was hit head-on – compared to yesterday's growth of the pound, today it went all the way down. Even though the Bank of England bought hundreds of millions of pounds, the closing price of the day fell to 2.7782 German marks per British cast, which is only 0.0002 German marks higher than the lower limit of the European Exchange Rate Mechanism, which is 2.7780 German marks per British coin.

Norman Lamont, the British Chancellor of the Exchequer, who was originally a good traveler, suddenly panicked, and when the Spanish Chancellor of the Exchequer called to ask how the situation was here, he could only answer "It's terrible", and then hurriedly held a meeting with the British financial officials who were summoned, as well as Robin Leigh Pemberton, the governor of the British Central ~ Central Bank.

There is nothing new in this meeting, which was held overnight, except that it was unanimously approved, starting tomorrow morning, to actively support the pound; If that still doesn't work, then a higher interest rate will be considered.

When the exhausted crowd was about to dismiss, Robin Leigh Pemberton picked up a message from his press office and read it out in public with a solemn face.

Helmut Schlesinger, president of Deutsche Bank, was interviewed by CNN, the Wall Street Journal and Handelsblatt, a local German financial newspaper.

According to media reports on the speech, the head of the German Central Bank ~ believes that a broad adjustment of the European currency will be better than a separate adjustment of the Italian lira.

Before Robin Leigh Pemberton could finish reading, Norman Lamont's head was booming.

Gain, Helmut Schlesinger's speech, amounted to a call for the pound to be devalued.

You know, the public statement made by the dead star last Tuesday led to the Italian lira being attacked, and in the end it did not hold up, and collapsed three days later; Now, just seven days later, the Germans are beginning to attack the British.

This is to force people to death!

Norman Lamont shook his head, finally came to his senses, and then burst into a rage, slapping the table again and yelling - call Helmut Schlesinger quickly, I want an explanation.

Robin Leigh Pemberton successfully contacted the president of the German Central Bank, but the other party replied unhurriedly - he accepted this media interview on one condition, that is, he could review how the media reported what he said, but until now he has not had time to do so.

In other words, Helmut Schlesinger didn't take these media reports seriously – they were impatient to publish them before they could confirm them, and they were no better than fake news.

Norman Lamont pointed out with a fire in his eyes and said: "Call again, I seriously protest against Helmut Schlesinger's carelessness, his attitude has been published in the news, traders in New York and Asia will react tomorrow, and Helmut Schlesinger must quickly issue a veto." ”

Robin Leigh Pemberton went to call again, but the president of the German Central ~ Bank on the other side still insisted that he would talk about it tomorrow.

Norman Lamont, who almost spurted blood, had no choice but to end today's work. He had foreseen that tomorrow would be very sad!

……

On Wednesday, September 16, the British financial markets were hit by the most violent storm.

In response to the British Chancellor of the Exchequer Norman Lamont's authorization plan last night, the British Central Bank ~ Central Bank took the lead in intervening twice before 8:30 a.m., buying 300 million pounds each time, but the pound exchange rate did not move at all and did not return to the expected permissible fluctuation range.

Instead, it was as if a spark had fallen on a haystack, and the situation was out of control – two large orders of $1 billion were soon pouring out of the market.

According to the rules under the European Exchange Rate Mechanism, during trading hours in London, the British Central Bank ~ Central Bank must not refuse to accept the pound sterling sold for 2.7780 DM, as this is the lowest level of the allowable range of fluctuations in the exchange rate.

As a result, the UK's Central ~ Central Bank continued to intervene, completely unaware of how outnumbered it was.

At 8:40, the British Central ~ Central Bank has bought 1 billion pounds, but the pound exchange rate still does not move.

Norman Lamont hastened to call British Prime Minister John Major to tell him that the intervention of the British Central ~ Central Bank has failed, and the UK will have to raise interest rates in order to protect the pound.

The European Exchange Rate Mechanism, created in 1979, was the result of a shift in which the UK did not decide to join until 1990. Belongs to John Major.

If the policy is seen as a failure, the British prime minister will be discredited and his resignation is not far off.

Based on such political ~ political interests, John Major can figure out how to answer Norman Lamont with his ass - refuse to raise interest rates.

Of course, John Major also gave his reasons - new economic data will come out later today, when the market that has been positively stimulated may calm down. So, fellow Daoist, you have to hold on!

In this case, the UK Central ~ Central Bank continues to buy the pound.

Every hour that passes, the other side of the war, such as hedge funds and banks, sells more pounds, and the UK's central ~ central bank has no choice but to buy a currency that is sure to depreciate soon.

At 10:30, Norman Lamont couldn't bear it anymore and called John Major again, trying to advocate for an increase in interest rates, but the other party finally agreed.

At 11 points, the interest rate on the pound was sharply raised from 10% to 12%.

Norman Lamont walked out of the Treasury office and looked outside at the Reuters screen, and the pound exchange rate still didn't react — the straight line on the screen. He felt like a doctor looking at a heart monitor, and the patient had died, and all he had left to do was unplug the device.

At this moment, Norman Lamont finally realized how lucky Italy was that the mud could not hold up the wall.

The Italian lira collapsed on Friday, with two days to negotiate with Germany over currency devaluation; But it's Wednesday, and the UK has no such breathing space to negotiate with European countries over exchange rates.

You know, as things stand, every minute that passes, Britain could lose hundreds of millions of pounds.

There is only one way left in front of Norman Lamont, that is, to deny the achievements of the current conservative ~ party ~ government ~ government - unilaterally withdraw from the European exchange rate mechanism.

However, the decision needs to be approved by the British Prime Minister, which cannot be communicated by phone alone.

To Norman Lamont's chase, he and his staff kept calling the British Prime Minister's office to emphasize the urgency of the meeting, but John Major himself could not be found. (To be continued.) )