Back in Michigan from South Africa, the pound has depreciated by 15% under US pressure.

In fact, as many governments and speculators followed suit, depreciating by nearly 18.34% the day before yesterday, the Bank of England used a large amount of foreign exchange and gold reserves to rescue the market, and it was barely able to control the situation and maintain the risk at the level of 1 pound to 2.34 US dollars.

Wu Lijun only knew that her husband was very busy, and she didn't know what he was busy with.

Not telling her wasn't distrustful, it was that you didn't want her to be scared. Now that the overall situation has been decided, after returning to Vietnam, I will take her to do charity and brush up her prestige to make up for the loss of influence caused by not returning to China for nearly a year.

As the future "strong woman" of the Li family, Qingqing participated in the whole process of speculation, and explained proudly: "The whole process is thrilling, and the means and methods of trading are very cumbersome, and it is actually very simple to summarize. We first borrowed a large amount of GBP from banks in Hong Kong, Singapore, the United States, the United Kingdom and France through credit or collateral, and then converted it into US dollars to pledge it to other banks to continue borrowing, while setting aside a part to buy forward GBP in the foreign exchange futures market. Now that the pound is depreciating, we use the delivery of the contract to buy the forward pound to pay for the pound borrowed in the early stage, earning the difference in the middle. ”

Wu Lijun asked as if she didn't understand: "Earn 15%?" ”

"Not so much, you have to take into account the interest on bank loans and transaction fees. However, we use capital leverage to do 100% trading with an average margin of 7.65%, and this profit is magnified all of a sudden. ”

The sister-in-law frowned and was thinking, Qingqing smiled and added: "The reason why it is thrilling is because of the use of capital leverage. If in the past few months the Bank of England has announced an increase in interest rates or the pound has appreciated. Then we may lose all our money. ”

"You're gambling!"

"Almost."

The company's shares were fully mortgaged. The more Wu Lijun thought about it, the more frightened she became, and she couldn't help complaining: "Husband, can't you do business well, you have to take this risk." ”

Li Weimin took her little hand and explained with a wry smile: "Wife, when it comes to making money, there is actually a safer way, and the income will not go anywhere." For example, making movies. Another example is to make generic drugs. But I don't just want to make money, I want an excuse to avoid the political maelstrom in Saigon. The bet is so big, and the industrial investment company is all pressed, who can rest assured if I don't sit in charge in person? ”

"Are you hiding from President Yan and Mr. Yao?"

"Hiding from what they did, exactly. Over the past six months, they have arrested hundreds of thousands of people, tortured them, overcrowded prisons, and executed many without trial. There are so many Vietminh elements in South Vietnam, and I don't know how many unjust, false and wrongly decided cases there are. ”

"Killed a lot of people?"

"Tens of thousands."

Wu Lijun gasped. Eagerly asked, "Has it affected the industrial investment company?" ”

"It is a national policy to purge the Viet Minh, and almost all the forces that can be mobilized have been mobilized. How could it not affect our company. There are 68 Binh Dong Industrial Villages, 23 Vung Tau Industrial Villages, 11 Bo Liao Industrial Villages, and 36 Phu Quoc Islands, and Da Nang has the most serious problem, with more than 200 workers being swept in. ”

Qingqing also heard these things for the first time, and asked nervously: "Brother, who arrested those people, the industrial village security team?" ”

"The government has set up a special 'Industrial Village Clean-up Committee', and there is a clear division of duties and powers in the state of emergency, and they are responsible for the elimination of Viet Minh elements, and we are responsible for ordinary criminal offenses and civil disputes, so the Ministry of Security and the Ministry of Audit and Supervision must cooperate."

There are so many people in several industrial villages, how can you do it if you don't sort it out thoroughly.

Li Weimin's expression was solemn, and he said very sadly, in fact, he supported Wu Tingyan's ruthlessness in his heart.

A small percentage of those who were arrested were wronged. Several of the arrested company insiders were retaliated against for their previous anti-corruption actions, and the Audit and Inspection Department has compiled a list of these people and rescued them when they returned. Not only can you use the knife of the Die Diem brothers to solve internal hidden dangers, but also earn a good reputation through rescue, why not?

In short, you do the bad guys, and I'll do the good things that show your face.

Wu Lijun didn't know what her husband was thinking, and said worriedly: "Husband, what should we do when we go back here tomorrow?" ”

Although the pound has depreciated, the forward foreign exchange transaction has a deadline and has not been delivered, and the final hedging has not yet been completed.

How could Li Weimin not know what she was worried about, and said confidently: "Don't worry, in 1947, Britain announced that the pound would be freely convertible, which triggered a serious sterling crisis, which made the pound lose its credibility, and the former colonial countries turned to the US dollar one after another. Due to the rapid loss of foreign exchange reserves, the UK was forced to freeze its sterling reserves again just a month later. The burden of the pound's foreign debt left by the crisis has been overwhelming the British finances. As long as there is a slight fluctuation in the world economy, there will be a crisis of confidence in the pound.

And before the Suez Canal War, Britain's foreign exchange reserves had fallen to $2 billion, which was considered a minimum safe level. The closure of the Suez Canal has rapidly increased shipping costs while raising the price of oil, deepening doubts about the UK's ability to maintain its current exchange rate.

More importantly, this time it was US Treasury Secretary George Humphrey who instructed the New York branch of the Federal Reserve to sell the pound, and the US government took the lead, and other governments and financial institutions followed suit, which directly led to a sharp reduction in the UK's already insufficient foreign exchange reserves, which has caused a balance of payments crisis, and they have no chance to turn over. ”

It turned out that his "judgment" was not wrong.

On the day they returned to Saigon from Australia, the operation team stationed in the United States, the United Kingdom and London completed the final transaction, including oil futures, and the company made a profit of more than $123 million.

The United States' aid to Vietnam this year is only 230 million, which shows how much he has contributed to the country this time.

Ngo Dinh Dieh and his wife personally greeted him at the airport, and as soon as they met, they clasped his hand and said: "For the people, fortunately, if you are not too sensitive and cannot be known to everyone, we will definitely hold a grand welcome ceremony for you today." ”

Chen Lichun only found out about this yesterday, and although she was equally happy, it was uncomfortable to be kept in the dark. He glared at the two men. Pulling Wu Lijun up and down, he asked, "Lijun." It's been almost a year since you got married, how did you guys? ”

There is no doubt that she refers to why the belly is so small.

What's the matter, this matter is really unspeakable, Wu Lijun blushed, took her arm and whispered: "We are young, don't worry." ”

"You are not in a hurry, the old people are in a hurry!"

"It's fine. They knew we were busy, so they didn't rush it. ”

When the two men said that these were not suitable, Chen Lichun turned the finger to Li Weimin, crossed his arms and asked with a smile: "Chairman, Mr. Min, a big musician, can you reveal how much money you have earned from BEA and how much money you have made personally after going out to mix for nearly a year?" ”

This is a question that Ngo Dinh Yao also wants to know. Holding on to the car door to prevent him from getting into the car.

"You're a member of Congress, you're a woman leader. We are the First Lady of the Republic of Vietnam, and people of status like you should not ask about the age of the lady, but also about the man's property. ”

Chen Lichun's face was straight, and he said vigorously: "I'm not a person with status now, just gossip, I want to know." ”

Wu Tingjiao couldn't help but smile and said, "We will help you keep it secret, and we won't talk nonsense everywhere." ”

They want to know, and it is estimated that Ngo Dinh Diem wants to do the same.

Li Weimin looked back and said with a smug smile: "The Bank of East Asia has a profit of more than 80 million, and the principal of my company's companies is small, adding up to more than 10 million. ”

Chen Lichun was stunned, pulled his arm and asked, "So much, how are you going to spend this money?" ”

"The Bank of East Asia wants to provide loans to enterprises in the industrial parks, and I can't touch or spend any of them. The profits of those companies should be used to expand their scale, and a part of them should be used to order ocean-going cargo ships from shipping companies to promote the development of the shipbuilding industry. ”

Li Weimin smiled, beckoned them to get on the bus first, and continued: "In addition, I want to squeeze out some funds to develop education, and build a community college in each industrial village that specializes in vocational training and pre-university education. ”

Wu Dinh Yao asked in a low voice: "What about the military industry?" ”

"That's the scope of investment in industrial investment companies, and I can't make a distinction between public and private. Although Mr. Yao is relieved, after meeting with the president, I will go to Vung Tau to discuss with Mr. Guo, Mr. Liu, and Deputy Manager Dong to set up a national defense industry development committee as soon as possible to be responsible for the development of the national defense industry. ”

What is called "family world" is the whole Wu family in this country.

Because of this, the subordinates are greedy, and the brothers of the Wu family are not greedy, because they don't need to be deliberately greedy, let alone fight Li Weimin's idea, the reason why they ask these things is purely curious.

Two women sat in the car in front, and the man sat in the big car in the back.

The convoy slowly drove out of the airport, Wu Tingjiao took out a cigarette and said: "For the people, it is still the same sentence, the industrial investment company is the industrial investment company, and the government is the government." No matter how much money the industrial investment company has, no matter how difficult it is for the government, it will not embezzle funds for industrial development. ”

If the government's financial situation is good, how can the United States ask for aid.

Li Weimin smiled tacitly: "This fund can only relieve a little pressure, and if the company wants to give the government a blood transfusion, I'm afraid it will have to wait at least six or seven years." ”

"Just wait a few years, it's okay."

North Vietnam did not dare to start an all-out war, the Viet Minh elements in South Vietnam were almost purged, the situation was very good, and Ngo Dinh Dieh was full of hope for the future.

Tomorrow morning to go to Vung Tau, Li Weimin has no time or need to go around in circles with him, and said bluntly: "Mr. Yao, Mr. Guo and Mr. Liu sent me a few telegrams when I came back, about the 'Purge Committee', development needs a relatively stable environment, and people can't always be so panicked. Can the committees be dismantled, and can some people with very serious problems and some cases with many doubts be transferred to the industrial estates for handling? ”

Chen Shiguo and Liu Jiachang have been to the Independence Palace more than once for this purpose, and it can be said that Wu Tingjiao is also "under pressure" in the investigation.

The one next to him is back, and he can't be like before, "I'd rather kill a thousand by mistake than let one go", he weighed it a little and promised: "Okay, the committee will be abolished before the end of the month, but the security teams of each industrial village must shoulder this burden." ”

…………………

PS: Thank you for the reminder of Frey's book friends, about speculating on the pound, it should be borrowed first, and then long hedged, making a big joke, it has been changed, please forgive me (to be continued.) )