Chapter 538: Solo Background Si

This is the first time that Soros has realized that bragging is actually a very dangerous thing, and if you are not good, you may blow yourself in!

He swore that he would only speak seven points in the future...

Forget it, in the future, except for blacks, you must say seven points when you speak, and leave three points! Of course, there is no point here to look down on the IQ of the black brothers.

Soros still likes this group of black buddies very much, whoever says that black buddies are not good, he is in a hurry!

Sean shook off Soros's hand several times, and his feet were raised, and he had the meaning of you arresting me again and I kicking you, and finally let Soros calm down.

Legends, legends, Sean never looks at age when he beats people, and his attack is particularly black!

"Mr. Sean, listen to me, really, it's not that I don't want to take you with me, we're not shorting on the foreign exchange market (foreign exchange margin trading)." Soros wiped the sweat from his head, and he had to explain it to Sean. "Okay, you say, I'll see how many tricks you can come up with." Sean hugged his arms and stared at Soros with an unhappy expression.

"You must know what it means to be short, the foreign exchange market can also be shorted, but this shorting is based on the depreciation of the other party's currency."

"Didn't we just conclude when the pound would depreciate?" Sean asked with a cold face.

"Yes, we know that the pound will depreciate, but when? This time is uncontrollable." Soros adjusted his mood and said that the financial sector became more confident again, "Only one point, among the members of the European Exchange Rate Mechanism, it is not only the United Kingdom that is facing problems, Finland, Sweden, Italy, Spain, including France, they are all facing economic recession, only the German economy is improving and rising."

"If someone is short in the foreign exchange market, then, at this time, the British finance minister and 13 other countries jointly negotiate with the Germans, is it possible for the Germans to cooperate, they have several countries to raise interest rates, Germany to cut interest rates, and their currencies can be pulled up in a short period of time, it doesn't take long, 20-400 times the leverage, a few days can make most speculators liquidate!"

"It's too risky!" Soros said with a firm expression.

Sean touched his chin, he knows a fart of financial operations, even if he is a high-achieving student who graduated from the finance department of several famous universities, at most he has theoretical experience, and he doesn't know how to die if he listens to their operation.

Sean only knew that Soros had succeeded in his previous life, and in this life he had seen more because he stood taller, found the cause of the problem, and looked down on the British, so he was ready to make some money by the way, but he didn't know how Soros operated at all.

"You go on." Sean raised his hand, his face did not change, and Soros was still under a lot of pressure.

"We conclude that the pound and the currencies of several other countries will depreciate, and we want to make this money, but we must not bind the timeline in a way or method." Soros continued: "Our modus operandi, to put it simply, is to lend a lot of their national currency from the target country, and then sell it in the financial markets and convert it all into dollars."

"The US dollar, the British pound, the franc, the mark, and the Japanese yen account for 98% of the total foreign exchange reserves in the world, and the currencies of other countries have no value in the market at all!"

"It doesn't matter if you sell a small amount, once the volume exceeds the red line of the financial market, it will inevitably cause their currency to plummet, and in order to save the national currency, they can only use dollars to buy the national currency to ensure the balance of the market, but how many dollars does their central bank have in hand?"

"As long as we sell hard enough and consume all the dollars in their hands, the result will be, boom!" Soros made a downward gesture and said excitedly, "They can only give up the national currency and let it fall."

"At this time, we will pay off the debt in US dollars according to the exchange rate of the market, and the rest will be our profit."

"Of course, it's not like we don't go into the forex market to short, but that has to be after we start operating their currencies."

"Sounds good, but." Sean frowned and looked at Soros, "Then what does this have to do with you not taking my 10 billion?"

"I don't need that much!" Soros's face stiffened, and he said with a bitter face: "Take the United Kingdom as an example, their financial industry is very developed, but the British foreign exchange reserves are only 44 billion US dollars."

"And other small countries in Europe, their foreign exchange reserves are even lower, such as Finland, Sweden and the like, their foreign exchange reserves are less than 2 billion US dollars!"

"Even if you invest 10 billion, you won't need it." Soros spread his hands with a helpless expression.

"Uh... Sean blinked, no, why are you kidding me, foreign exchange reserves are so low?

Sean remembers that at this time, the foreign exchange reserves in the north were only 11 billion US dollars, and he was still talking all day long that the foreign exchange reserves were too low and there was no money.

You are a particularly dignified developed country in Europe, and you told me that the foreign exchange reserves are less than 2 billion in total? Phew, disgusting!

Of course, he didn't think that Soros would dare to lie to him and take advantage of this bad old man's courage.

So, are the people in the north too vigilant, or are the Europeans just bragging? Actually, it's neither.........

It's the plate in the north that is too big, the behemoth, 21% of the world's population, and any kinetic energy can crush these small European countries.

Thailand, one of the four Asian tigers, had a total of $24 billion in foreign exchange reserves by '97.

Sean frowned for a while and licked his lips, "I remember you just said that you would also short the foreign exchange market after you started to act."

"Yes, but it doesn't cost that much!" Soros couldn't help but laugh and cry, "My dearest and most respected gentleman, the plates of these small countries are too small, do you know how much storm 10 billion will cause when entering the financial market, that is where the lowest leverage is 20 times, and in fact, even the most conservative operators will use no less than 50 times the leverage, and the radical ones will use 200 times the leverage."

"If you throw $1 billion into it, you can play a role of $50 billion 50 billion in 50 times."

"For example, Finland's GDP last year was only 140 billion US dollars, Sweden was only 260 billion US dollars, and the foreign exchange reserves were less than 2 billion US dollars, how could their plate in the foreign exchange market be as big as 50 billion."

"Doesn't it mean that the foreign exchange market is a financial wave? How much money is thrown into it is a drop of water?" Sean's brow furrowed more and more, it was different from what he knew.

"No, who said that, this, this, this. Soros couldn't cry or laugh, "This so-called drop of water has to be invested in it, a drop of water for ordinary people is tens of thousands of dollars, and your hand is 10 billion..."

"Do you know how many countries in the world have foreign exchange reserves of more than $10 billion?" Sean replied with some dismay, "50? It can't be less, right?"

Soros resisted the urge to roll his eyes and drew a number, "10! Most of them are just over 10 billion!"

"So little?" Sean was shocked, "Impossible, I know that the group of local tyrants in the Middle East, whose foreign exchange reserves are tens of billions!"

"You also said, it's the Middle East, a group of oil sellers, who will talk to them about finance?" Soros shook his head with a smile, "They are not considered normal countries, okay, small countries like mud, with foreign exchange reserves of more than 20 billion, they reserve dollars not because they need so much foreign exchange, but they have to do this, they must follow the route set by the United States!"

"Besides, what's the use of their national currency? Those rich people in their country use US dollars on weekdays! 「

"In addition, foreign exchange reserves and the US dollar owned are two different concepts, and foreign exchange reserves are the national bank, which is the money of the state, not in the hands of private individuals." Soros explained again.

Well, Sean exhaled depressedly, he really didn't pay attention to these data, they were all inherent impressions, the problem is that these impressions came from decades later, when the foreign exchange reserves of the north were more than 3 trillion US dollars, which is more than the foreign exchange reserves of all countries in the world except the United States combined.

The timeline is out of line, and Sean misjudged a lot of things, and the financial markets are just starting to get on the fast track.

In the case of the United States, 90 years ago, it was still true

It was not until 95 years later that the high-value-added hollowing out of high-tech and finance-based industries began, and Wall Street became an important force dominating the United States.

Before that, Wall Street was just a foil and white gloves for the real economy bigwigs.

It was only a few decades later that billions or tens of billions of dollars were thrown into the financial market, just like a drop of water. "Fark!" Sean scolded irritably, "I don't care, don't say it, I'm going to invest money anyway!" Soros was stunned for a moment, and in his big cloudy eyes, crystal tears crackled out.

"Fake, don't cry, stop me!" Sean really can't stand it, you are special, a person in your 60s, what do you look like crying, I don't know what I think is wrong with you.

"Wait, okay, wait, let's take it one step at a time, and we'll talk about it when we get to the British, but the British can't afford to pay such a large amount........ Soros snorted and cried, his eyes were full of sadness, "As soon as we move, Wall Street will definitely follow suit, it's impossible to eat alone, where is there so much share!"

In Soros's plan, in the end, it must be done together by uniting the forces of Wall Street, and eating alone will be killed.

When the time comes, when people make trouble, things will be out of control.

Nima, Sean scolded, "Then you say, how much can you take!" His purpose was to clean up the British, and he couldn't spoil his own business.

"20" Soros glanced at it secretly, and saw that Sean's brows stood up again, and he quickly changed his words: "3 billion, at most, I really can't say it anymore, we still have to increase leverage, even the minimum leverage will become 60 billion, more than the UK's foreign exchange reserves, how can I let those big banks get a piece of the pie."

"Why do you have to go to the big banks?" Sean doesn't understand, so if he doesn't understand, he asks.

"If you don't find a big bank, how can you lend money, even if it's a small country like Finland, I, Soros go to borrow money, I'm afraid they won't be alert immediately, how can they lend me money, who doesn't know what my quantum fund is for!" Soros looked helpless, his reputation stinks, and it's not easy to borrow money.

Belch............ Sean scratched his head, really.

These countries are not stupid, you Soros go to borrow the Finnish mark, the lira, the pound, people will lend it to you. What's the difference between that and handing over a submachine gun yourself?

That's not how death is sent.

Sean Bank is also a big international bank, but he really can't get involved, and his obligations are mainly in South America, Southeast Asia, and North Africa.

If you need the currencies of these countries, he can help with the revolving loans, but on the European side, his business has not yet been extended.

"Alright, alright, that's it, that's it, that's it, you go." Sean began to wave his hand to drive people away, specially, there is still money to spend this year, it's disgusting!

Soros breathed a heavy sigh of relief, only to find that his whole body was sweating, his body was weak, his mind was dizzy, and he stood up and sat back again, his legs were weak.

The spirit of the whole body seems to have been sucked away by the goblin Sean, and he is physically and mentally exhausted! Sean rolled his eyes, too lazy to take care of this guy, what kind of financial predator, I'm phew! I can't eat 3 billion, it's just a small shrimp, disgusting!

After gasping for breath for a while, Soros stood up tremblingly, the 61-year-old man was tossed too hard by Sean. Walking out of the villa and being exposed to the warm Aegean sun, Soros shivered, and felt like he had seen the sun and regained his life.

In fact, although Soros has a record of shorting the pound, he is known as the greatest deal in history, and is praised by the book as the man who defeated the empire on which the sun never sets, but in fact, Soros only made $1 billion in this financial bloody battle.

This money is not all his, it is the income of the entire quantum fund.

Of course, the British lost more than that, causing a total of £27 billion in foreign exchange reserves and £3.4 billion in fiscal losses.

If it is extended to the whole of Europe, the losses are even greater.

And that's not even counting the money that evaporates invisibly after the currency devaluation

It's even more astronomical, but the money doesn't fall into anyone's pocket, it just evaporates.

Soros is gone, Sean's mood is not better, and he didn't pick up money when he went out, isn't this just a loss of money!

Too lazy to care about what Soros does, Sean went out with a phone call, and the Sky Palace returned to New York to pick up the family, and Sean was going to spend a vacation here.

After eating sand in Saudi Arabia for more than a month, he has worked for so long for the happiness of the people of YLK, for the happiness of the Arabs, for the happiness of the Israelis, and for the happiness of the American people, and he also has to relax.

As for the situation on YLK's side, he is ready to command remotely, and if necessary, he will fly over again.

On the other hand, Soros did not delay any longer in Athens and got on his own private jet and returned directly to New York. Although he was physically and mentally exhausted by Sean's torture, it cannot be said that he was without gain.

At least a little, I have the bottom in my heart!

With Rockefeller in his back, he is not afraid that these European countries will retaliate against him again! The waist pole is stiff!

I, Solo with a deep background, Si!