9ooo344o4 Chapter 617 Pound War

Jiang Jiang and Jenny's telephone communication became frequent, because a country's currency depreciation will always rise, the stock price will fall after the currency appreciates, and the decline in interest rates will be beneficial to bonds, so Zuo Jiang instructed Jenny to buy a large number of British and Italian stocks, and at the same time short all the German and French stocks owned by the company. Bought a large number of German and French bonds. At the same time, we will prepare a mobile fund of 100 million US dollars. Wait for his further instructions. These funds were ready to be exchanged for the Deutsche mark and the French franc at the right time.

In the process of communicating with Jenny, Zuo Jiang did not notice the change in Jenny's attitude towards him because he was mainly talking about the European financial market. In the past, Jenny would politely ask Zuo Jiang to come to the United States to meet her after every phone call, but in recent phone calls, her attitude towards Zuo Jiang is still enthusiastic. The affection is long, but there is never any mention of letting Zuo Jiang come to the United States, Zuo Jiang ignores this issue because of his concern for Yingpang, in fact, Jenny has successfully conceived, although she is not very pregnant now, but she is afraid that Zuo Jiang will come to the United States to see the clues, she will secretly give Zuo Jiang a child! As for when to announce the truth to Zuo Jiang, she had to find an appropriate time.

During the summer vacation, Zuo Jiang once again flew to the United States in person, and had already called Jenny to inform him, Jenny also said that he would personally meet him at the airport, but when he got off the plane, it was Helen and Zhan Tingsi, the manager of the current fund management department, who came to pick up the plane, Zuo Jiang didn't see Jenny and endured not asking, although he was the general manager of the boss's small hand and didn't come to pick up the plane It seems that he can't pass the etiquette, but this is the United States. The national conditions are different, and you can't force it, and if you ask it, it will seem that you are too ungraceful. Helen explained to Zuo Jiang in a timely manner, she said: "Zuo Shao, Miss Jenny's grandfather suddenly got a bleeding disease last night. He is being rescued in the hospital and is not out of danger yet. Early this morning, she and her parents flew to Las Vegas to visit her grandfather, because I can't contact you, so let me tell you about it, and designate me to be in charge of the company's affairs during this time! Small.

Zuo Jiang didn't notice the strange expression on Helen's face, his mind had been digesting this. The amazing news is that cerebral hemorrhage, a disease with a very high mortality rate, is very serious when it comes to early rescue and treatment, and with the small level of medicine in the United States, it is still not out of danger of life! And her designation of Helen to be in charge of the company's affairs means that it is impossible for her to come back soon, and Zuo Jiang can't help but be a little anxious during the critical period of big speculation.

The fact is that Jenny is now nearly eight months pregnant, and she rarely comes to the company, basically handing over the company's affairs to Helen, she is remotely commanding at home, and if she meets Zuo Jiang, she will inevitably show her stuffing, so she came up with such an unquestionable reason.

Zuo Jiang immediately called Jenny when he heard this, but the phone could not be connected. Helen said on the side: "At this time, Miss Jenny's plane has not yet arrived in Las Vegas, and you can't turn on the plane, so let's contact you after a while, and we'll go back to the company first." ”

Soon after returning to the headquarters of Harry Potter Financial Investment Company, Zuo Jiang received a call from Jenny, who told Zuo Jiang that his grandfather had been temporarily out of danger after surgery, but he still looked at the later treatment, and officially asked Zuo Jiang for leave to take care of his grandfather there.

Zuo Jiang said that he wanted to go to Las Vegas to visit her grandfather, but she politely refused, and told Zuo Jiang that James was solely responsible for the business of the European financial market, and that any instructions could be given directly to him, and she would come back as soon as possible when her grandfather got better.

James briefed Zuo Jiang on the readiness of the European financial markets, as well as on the progress of the cooperation with the Quantum Fund. As the time to block Ying Pong drew closer, Zuo Jiang asked James to speed up the pace of layout. Because with the gradual emergence of the ills of the European financial market, the international speculative groups that are agile have flocked there, there is no need to worry about anything, not to mention that most of the company's investment is done by overseas companies.

Generally speaking, the high growth of the small economy will be accompanied by the possibility of economic overheating, which is manifested in excessive investment everywhere, and even speculation is prevalent, so inflation will become more and more intense. Inflation leads to price instability. The economic development structure is unbalanced and so on, which no government wants to see. In order to curb inflation, the state raises interest rates, so that investment is suppressed and economic growth overheated may be reduced. Interest rates and exchange rates are generally positively correlated. Whichever currency has a higher interest rate, the rest of the world will convert itself into other currencies. In this way, the exchange rate of the currency with high interest rates also increases, and when the exchange rate increases, the currency is strong. When the currency is strong, it will be difficult to export, and the trade deficit will be ......

After the reunification of East and West Germany. In order to alleviate the social unrest in East Germany, West Germany recovered all the original East German marks at a ratio of 1:1. Exchange for West German marks. While this has slowed down the social shocks brought about by reunification, it has greatly increased the risk of inflation. In order to avoid inflation, the Bundesbank had to raise interest rates aggressively. East German marks were exchanged for West German marks at a ratio of 1:1. This is important and is the main reason why Yingqi was later blocked. As the unification of East and West Germany, the merger of two previously unbalanced economies will inevitably lead to social shocks for a certain period of time. However, the German government has cleverly exported some of its domestic "turmoil" and used other countries as buffers, in fact, the biggest speculator is the German government.

However, Europe controls the exchange rate of the currencies of each member country within a relatively small range, and such an exchange rate policy can be implemented well when the situation of each country is relatively stable. However, the reunification of the two countries broke the equilibrium reached by the European countries. The accession of East Germany will inevitably lead countries from the original equilibrium to a new equilibrium. It is inevitable that the old equilibrium will move from the new equilibrium, and the reunification of the two virtues will already be a foregone conclusion. All that remains is when, who to move, and how. British netizens became victims. The activities of financial speculators are becoming more and more frequent, and a large amount of international hot money is pouring into currencies such as the mark that may appreciate in value, and the British pong has become an excellent counterpoint for short selling

Zuo Jiang stayed in New York for 12 days, during which in addition to meeting with Soros to implement the blockade, the main thing was to analyze the financial situation and trend in Europe with James and his elite team. The benefits are significant. Without waiting for Jenny to return to school, Zuo Jiang only had to take a plane back to China, because there were still many things in the country that he needed to deal with personally.

In the blink of an eye, he entered the mouth moon. The European financial market is almost white-hot, but the situation is not very clear, most international speculators are on the sidelines, and at this moment, whoever has the foresight is undoubtedly the biggest winner. Zuo Jiang has been in frequent contact with Zhan Yizhou during this time, and of course, Jenny will occasionally contact Mao Badiyuan after the initial completion and operation. Zuo Jiang specially set up an office in the computer training school, and connected the computer to the server of the Wall Street Exchange in New York through the campus network. Keep an eye on the changes in the financial markets in Europe and the United States.

On March 3, the Wall Street Journal published a speech by Schresinger, president of the German Bundesbank, to the effect that the instability of the European exchange rate mechanism can be eliminated only through currency devaluation. From this, Zuo Jiang could judge that Germany might take a position of abandoning the defense of the British Discipline.

Soon after, at an important meeting, Schlesinger pointed out that investors would be wrong if they thought that the European monetary unit consisted of a basket of fixed currencies. And specifically mention that the Italian lira is not a very sound currency. Soros asked him if he liked the European unit of currency to become a currency. Schlesinger said he liked the concept, but not the name of the currency. If this currency is called the mark, he will love it.

This message Soros conveyed to Zuo Jiang in time, and told him his own judgment that the Italian lira might collapse, and the current situation is basically the same as the trajectory of the previous history, Zuo Jiang made the decision to empty the Italian lira in time, because Italy's economy is very sluggish at this time. After the quantum fund shorted the ugly billion-dollar lira and the two overseas companies in Zuojiang each shorted the dollar's lira, Italy didn't even have the power to fight back, and the lira collapsed in just three days.

After the collapse of the Italian lira, Britain was in danger and under increasing pressure: first the Danish referendum rejected the Maastricht Treaty, and then the French referendum was followed by extremely intense negotiations between European countries. The fragmentation of the European exchange rate system is imminent, and if the system is in crisis, the exchange rates between European currencies will be readjusted substantially. Interest rates in Europe will fall sharply, the stock market will fall, and the last moment to hit British sales is coming!

After urgent consultations with Zuo Jiang, Soros decided to start shorting Yingpang: At this moment when the earth-shattering gamble is coming, he who has always laughed at the situation is a little unable to sit still, after all, this is a gamble of tens of billions of dollars. Although he believed in his own judgment and Zuo Jiang gave him confidence, he was still very apprehensive in his heart. Zuo Jiang is different, according to the memory of his previous life, he knows that he must be the biggest winner in this big gamble. This time, he not only pushed Soros to the forefront, but also had a lot of dollars to earn, and he was very relaxed. "The question now is not whether to open a position, but how big a position to open. In his previous life, Soros borrowed money to build a $1.4 billion short position in pounds, but this time it was different, due to the addition of Zuojiang's Harry Potter Financial Investment Company, Soros mobilized dollars to build a position within a week, and at the same time there was a large amount of surplus funds to buy related stocks, bonds and currencies.

Zuo Jiang informed James of the time of the operation in time and asked him to follow up on the Quantum Fund according to this schedule. At this last moment, Zuo Jiang of course wanted to communicate with Jenny, but Helen told him that Miss Jenny always had a cold and fever these days, and went to the hospital to hang water. But the actual situation is that Jenny has reached her due date, and the day of delivery is just a few days away.

On the afternoon of Occupy Day, Soros sat in his office on the Witch Floor in a skyscraper overlooking Central Park in Central Manhattan. Listen to the market that constantly reports the decline of the British mistake. She always has a confident smile on her face. Outside his dedicated office is the staff office, where a computer-typed banner is plastered: "I was born poor, but I will not die poor." ”

On this day, Soros had already judged that his joint operation with Harry Potter Financial Investment would win, and he came to the office just to feel the atmosphere of the biggest gamble in financial history. Subsequently. He called Zuo Jiang to discuss the situation, but returned to his apartment on Fifth Avenue in New York, had a light dinner, and then went to bed.

Sure enough, the pound began to fall again.

In order to keep the British exchange rate, the Bank of England used the British foreign exchange reserves to urgently buy the British exchange rate to ensure that the exchange rate of the British dollar did not fall. But the closing price was £1: $2 mark. It is only higher than the bottom limit of 2 knife fields than four marks.

That evening, British Chancellor of the Exchequer Lamont pleaded with German Bundesbank officials to lower interest rates, but was refused. Lamont hurriedly summoned Bank of England officials to deploy, planning to intervene in the market aggressively the next day, and if it didn't work, he would have to raise interest rates. But just hours before the Lamont meeting, Bundesbank President Schresinger had already given an interview, saying that he wanted the lira and the British pong to depreciate, but was prepared to defend the French franc.

On the morning of the month, Lamont, with the approval of the prime minister, officially announced that the interest rate would be raised from the old to the mouth in order to defend the British side. However, the pound has yet to show some gains. The market sees the UK interest rate hike as a panic move. Event reached**. The Bank of England took out $100 million in foreign exchange reserves to buy British sales, but in vain, the exchange rate remained unsupported. The pound was sold off, like a flood that bursts its banks.

On the afternoon of the last month, the United Kingdom announced that it would raise interest rates again, from the mouth to the account, reaching the level of interest rates when Britain added the European Exchange Rate Mechanism two years ago. Soros believes that Britain's desperate behavior shows that its position cannot be sustained, and he is encouraged to continue to be bold in shorting Britain. International speculators also saw the opportunity at this time, followed by the shorting of a large amount of pounds, Zuojiang's six overseas financial investment companies mixed in the ranks of these people, unscrupulously emptying all the pounds in their hands, and the powerful Ying Pong collapsed under the continuous heavy blows!

The outcome of the British exchange rate was very simple, the interest rate was raised twice in the morning and in the afternoon, and by the evening, the pound was forced to withdraw from the European exchange rate mechanism. At the close of the New York foreign exchange market on the same day, the British dollar was still 127 against the mark, down 27. It is well below the lower bound of the European exchange rate regime. The next day, interest rates in the UK fell back to their old names. Italy followed the UK's withdrawal from the European Exchange Rate Mechanism. Next. The closing price of the British pong was lower than the previous day. It is not only the pound sterling that has depreciated the currency, but also the Spanish currency and the Italian lira.

The evening of the day. In the senior ward of a hospital in Manhattan, New York, Jenny gave birth to a baby girl. Her cries at birth were particularly loud!!