In the early morning of the 17th, Cheng Shigui's office was still brightly lit.

"The pound fell sharply, and in the evening of local time, the United Kingdom announced its withdrawal from the European monetary system, what should we do next?" Wu Zhihong asked, his face was not tired at all, his face was full of excitement, but the bloodshot eyes betrayed him.

"Of course, it is to defeat the power of the pound sterling and continue to sweep some of the peripheral currencies of the European monetary system, such as the Swedish krona, the Norwegian krona, the Portuguese escudo, the Spanish peseta, the Irish pound, and the French franc. Cheng Shigui leaned back on the sofa and easily counted them one by one. "Now we're going to recharge."

"Huh! Matthew: You don't talk much about the Deutschmark, which is at the heart of the European monetary system. Wu Zhihong sat down on the single sofa, his slender legs resting on the coffee table, and hummed.

"Angkor said that the Deutsche Mark is the core of the European monetary system, and he will stick to it to death.

In the Battle of Chibi that year, the company camp was burned, and Zhuge Liang also left a Huarong Road for the defeated Cao Cao, otherwise he would fight to the death, but both sides would be defeated, which was not in the interests of the Americans. "The sound gives a very clean, very mellow feel.

"Ah Fei, good boy!" Cheng Shigui patted him on the shoulder and said.

"Big brother, look at you! Dead again. Cheng Shifei looked at the Tetris in his hand with the words 'gameover' written on it.

"Matthew, you're saying that if you snipe the Deutsche Mark, you'll ......," Wu Zhihong asked with wide eyes. No way! ”

"Wait and see?" Cheng Shifei threw the game console in his hand onto the sofa and said lightly.

"If it's true. That's terrifying! Wu Zhihong touched his cheek, "Looking at him, I feel old." ”

"Old? You're younger than me! I don't even say I'm old! Cheng Shigui scolded with a smile, "Okay, go and rest for a while, Hong Kong should open again in a while." ”

"It's not that easy to rest." Wu Zhihong waved his hand, then got up and walked into the lounge, and after taking a combat bath, he dialed the satellite phone and reported the situation in detail to the above.

The newly established National Investment Fund. It can encounter the European financial turmoil. Earning money is certain, but this is not the main thing, the most important thing is to be able to watch and participate in this war up close, and you can give a good lesson to those elm heads in the country.

The power of financial warfare is comparable to that of an atomic bomb!

In the face of national interests. Anyone's interests can be sacrificed. Including former allies. Even the fight is unrelenting.

It also let them know how much ammunition was used by both sides when the war started, and it was all 'real guns'.

Entering September. Speculators began to attack the weak currencies of the European exchange rate system, including the British pound, the Italian lira, etc. Speculators large and small, as well as some long-term arbitrage mutual funds and multinational corporations, have sold weak European currencies in the market, forcing the central banks of these countries to spend huge sums of money to support the value of their currencies.

The British government's plan to borrow money from international banking organizations to stop the pound from depreciating further is a drop in the bucket. Soros alone spent $10 billion in this contest with the British government, not to mention those who followed the trend big and small.

However, this 10 billion is also very small compared to the foreign exchange market that trades trillions 24 hours a day.

Of course, it is not enough to see the little calculation in the domestic financial market, and if you throw it in, you can't even splash a ripple.

Take a long-term view, don't always use the inside information in your hand to harm the domestic financial market.

What is happening these days has made Wu Zhihong frightened, and he can completely subvert the economy of other countries by targeting the financial loopholes of other countries with his own strength.

It is certain that this kind of hobby financial predators will never stop, and they will never get tired of it, and they will be proud of it, they will definitely lurk under the undercurrent, waiting for the next opportunity. No one can escape it, including ourselves.

Cheng Shigui patted his little brother's head and said, "Don't go to sleep yet, you have to go to school when it's dawn!" ”

"Got it!" Cheng Shifei got up and went to another lounge.

The entire floor is Cheng Shigui's office area, in addition to the office, the others have been transformed into a lounge, entertainment room, kitchen, bar, all kinds of facilities are very complete.

Ready to go back into battle after dawn, the war is far from over.

**************

The pound has been the world's major currency for 200 years, and when it was originally pegged to gold, the pound occupied an extremely important position in the world's financial markets. It was only the First World War and the stock market crash of 1929 that forced the British government to abandon the gold standard and adopt a floating system, and the pound's position in the world market continued to decline.

On September 15, international capital moved and shorted the pound sterling. The pound fell all the way to 2.80 against the mark, and although there was news that the Bank of England bought 3 billion pounds, it was not able to stop the pound from falling. By the end of the evening, the pound had fallen almost to the lower limit of the European exchange rate system against the mark. The pound is on the verge of leaving the European exchange rate system.

The Chancellor of the Exchequer has taken various measures to deal with the crisis. First, he once again asked Germany to lower interest rates, but Germany once again refused; In desperation, he asked the prime minister to raise the interest rate in his country by 2% to 12%, hoping to attract the return of currency through high interest rates.

During the day, the Bank of England raised the interest rate twice, which reached 15%, but with little effect, and the pound did not stand above the minimum of 2.778. In this campaign to defend the pound, the British government used $26.9 billion worth of foreign exchange reserves, but ultimately suffered a crushing defeat and was forced to withdraw from the European exchange rate system. The British called 15 September 1992, the day of their exit from the European exchange rate system, Black Wednesday.

In just two days, central banks have injected tens of billions of pounds of money to support the pound, but to no avail. On the 16th, the value of the pound with the mark fell from 1 pound equal to 2.78 marks on the previous day to 1 pound equal to 2.64 marks. The pound also fell to the lowest level of 1 pound equal to $1.738 compared to the US dollar.

After exhausting all the organs, on the evening of September 16, British Chancellor of the Exchequer Lamont announced that Britain would withdraw from the European monetary system and reduce the interest rate by 3 percentage points, and on the morning of the 17th, the interest rate was lowered by 2 percentage points to the original level of 10%.

Now everyone wants to know who is the one who launched the shock on the pound. From the moment the news of the pound shock was announced, people knew that Soros was known as the "man who brought down the Bank of England", and he did not actually destroy the Bank of England, but he did consume the wealth accumulated by the Bank of England.

If the media's interest in him only ends there, if apart from Wall Street and New York. No one else knows about Soros. It wouldn't be the way it is. Even people who are not familiar with stocks know the financial predator Soros.

For most Britons, Soros became a hero. "There's no xenophobia here, as people think of it," Caris said. "On the contrary. The British public said it in the traditional British way. 'Bless him, if he gets a billion dollars from our stupid government, he's a billionaire'. ”

Soros seems to like to win over the public in a novel way. Now he can compare himself to a torch. to attract the public. "I'm happy to have this status because it allows me to get what I want. As a market operator, I have reason to shy away from this identity because it is harmful; But I'm no longer a market operator. My voice is also heard on political issues, and it is this that I find it useful.

Some British media outlets were very uncomfortable with the British loss and Soros's resounding victory. They are looking for scapegoats, and Soros is one of the most convenient ones.

In the depreciation of the pound, hedge funds have made surprising profits. According to later information, Soros's quantum fund made a profit of more than $1 billion in this campaign, and if you add the income from the sniper lira and franc, the quantum fund made a profit of up to $2 billion in the European currency crisis. In addition to Soros, Bruce Kavanagh made a profit of $300 million and Paul Johns made a profit of $250 million. Many foreign exchange banks in the United States also won in it, while the Bank of England lost a lot, so Britain never joined the eurozone.

Soros became famous in the war and became a financial predator in many countries, and the British Ranbank vowed that he would never forgive him in his lifetime!

Cheng Shigui and his fund company also made a lot of profits in the whole financial turmoil after the fact, and everyone still understands the truth that wealth is not exposed, of course, people always remember that the first profit is the most.

Just like people only remember the world's highest peak, Mount Everest, who will remember who is second? We don't want these false names, we just need real benefits.

Cheng Shigui's analysis is correct: France is an active advocate and backbone in the process of European integration, and it is also an economic power of the entire European Union. If the European monetary system is compared to an edifice, then the Deutsche Mark and the French Franc are the two largest pillars that hold the whole edifice together.

If even the franc is lost, then the European monetary system is falling apart. As a result, the battle for the defense of the franc was the most central battle between the two warring sides in the entire European currency crisis.

So on September 18, under the attack of hedge funds, the franc fell to the minimum set by the European Exchange Rate Mechanism, and the Banque de France was forced to close its doors for half an hour.

On September 21, in order to maintain the exchange rate, the Banque de France bought 51 billion francs in one day. By this time, France had used nearly half of its foreign exchange reserves, excluding gold.

On 23 September, the Banque de France announced an increase in interest rates, but it still could not prevent the franc from depreciating.

Germany can ignore the Finnish mark's departure from the European monetary system, sit idly by and watch the lira fall, or abandon the pound without mercy, but it will not allow the franc to depreciate. So for some time to come, the war between the French government and the hedge funds will be a standoff, torment, and a continuation. (To be continued......)

PS: Ask for pink, ask for recommendation!!