Chapter 80: The Crisis of the Pound

Jacob frowned, "Is this news true?" ”

"100% reliable." Qin Yi nodded seriously, "But these are just pretenses, their real target is the pound." ”

"Pounds?" Jacob sat up straight in earnest, "Can you elaborate?" ”

"Yes." Qin Yi nodded, "But there is a charge for listening to this." ”

"What do you want?"

"That gravure printing press, you're going to pull out of the competition tomorrow."

"Yes." Without hesitation, Jacob replied, "Anything else?" ”

"Also, but that's about that later." Qin Yi changed his posture and leaned comfortably on the sofa, "I'll tell you about the pound." ”

"In March 1979, the European Monetary System (EMS) was established by eight countries of the European Community, and the exchange rate linkage between the currencies of the countries began."

"The currencies of various countries are no longer pegged to gold or the dollar, but to each other, and each currency is only allowed to float within a certain exchange rate range, and once it exceeds the prescribed exchange rate fluctuation range, the central banks of each member country must intervene in the market by buying and selling their own currencies to stabilize the exchange rate of their currencies within the prescribed range."

"Germany has the strongest economy, so the exchange rate between the currencies of various countries is anchored to the mark."

"In 1990, the country joined the EMS, but before it joined, the exchange rate between the pound and the mark had stabilized at 1:2.95, and the country's economy has now been significantly recessionary, inflation has been soaring, and it is very expensive to maintain such a high exchange rate as a condition for joining the EMS."

"On February 7 this year, the European Community signed the Maastricht Treaty, but the exchange rates of many countries are all artificially overvalued, such as the pound and the lira, if the central banks of these countries are facing pressure to cut interest rates and depreciate, how can they be consistent with Germany, which has a strong economy, and if something happens, will Germany sacrifice itself to save them?"

"Now the pound is facing a dilemma, joining the EMS, the pound must be pegged to the mark, and with a lower limit, it can only float within the limits of the exchange rate mechanism."

"The biggest problem now is that the country's economy has been sluggish for a long time, and it is impossible to maintain a high interest rate policy, and if you want to stimulate your own economy, you must lower interest rates. However, because of the existence of the treaty and the EMS, Germany is the anchor point, and if it does not cut the interest rate, it will be forced to withdraw from the EMS if it is unilaterally lowered, so that inflation cannot be suppressed, and the economy will be doomed. ”

"But Germany is worried that the interest rate cut will affect its own economy, so it rejected the request of the country to cut the interest rate."

"Now the country can't bear it at all, and it can't afford to maintain the exchange rate of the pound and the mark, and this is a huge opportunity."

"It has long been recognized that the economic strength of each country in the EMS and the national interests of each country are difficult to reconcile. As soon as some of the "chains" that make up the system are loosened, speculators will take advantage of the situation and attack these loose "chains". ”

"And other trend followers will also get on the move, making the exchange rate more volatile, and eventually, relying on the wind-chasing mechanism will be much greater than the market can accept them, until the whole mechanism is destroyed."

After Qin Yi's tirade, Jacob's face was full of confusion, and he was embarrassed to say that he didn't understand, and the atmosphere in the room was quite awkward.

"Well, you just need to know that the country now has to maintain the interest rate between the pound and the mark, and if someone goes short, it will have to buy a lot of pounds to maintain the exchange rate." Qin Yi added simply and clearly.

"You can ask economists to see if they think so."

"Well......" Jacob hesitated, "how can you prove that what you say is true?" ”

"Quite simply, if you have connections on Wall Street, you can ask if someone is expanding their position in the pound."

Jacob thought for a moment and stood up, "I need to make a call." ”

"Please." Qin Yi stretched out his hand and made a gesture of please.

Jacob picked up the phone and dialed, "William, how are you, how are you doing?" ”

"It's still the same, Jacob, you shit, what's the matter with calling me?"

"I've gotten a bit of a rumor lately, are you looking for an opportunity in Europe?"

"Huh? Who told you this? The other side suddenly became alert.

"So I guessed right, right?" Jacob immediately confirmed the information Qin Yi had told him, "Is it Mark?" Or the lira or the pound. ”

"Damn it, Jacob, no matter where you hear it, you'd better keep your mouth shut, some big people don't want to get into a fuss before it happens."

Jacob hung up the phone and looked at Qin Yi with a serious face, "If you want to cooperate, I have to know what your plan is first." ”

"I'll show you something first." Qin Yi took out two thousand Hong Kong dollars from his pocket and put them on the table.

Jacob looked at the two bills dumbfounded, he had never seen such a realistic counterfeit banknote.

"Let me introduce myself now, my name is Fang Zhiwei, I used to work in the financial management system of the country, specializing in banknote printing and anti-counterfeiting work." Qin Yi stood up and said solemnly, "My team can already imitate the pound sterling that is difficult to distinguish between real and fake. ”

Jacob's eyes widened, "Are there any samples?" ”

"We still lack printing presses."

"And what do you want to do printing pounds?"

"I would like to ask your help to launder these pounds into European banks through your money laundering channels." Qin Yi looked at Jacob expressionlessly, "Can you do it?" ”

Jacob gasped, "You want the country to buy back those fake pounds at his own expense." ”

"Yes." Qin Yi nodded, and then corrected, "It's not fake, what we did is real." ”

"How many?"

"There are hundreds of millions." Qin Yi said casually.

Jacob breathed a sigh of relief, "I thought you were going to print billions." ”

"It's not impossible." Qin Yi said indifferently, "As long as you have needs, we can print them." ”

"What price?"

"One to ten."

"No way, counterfeit dollars are only one to twenty." Jacob directly refused.

"But the exchange rate between the pound and the dollar is about 1:1.4." Qin Yi said coldly, "And your subordinates were rude to me just now. ”

"I apologize to you."

"It's useless to apologize, only money can make up for me."

"But that's a lot of money."

"Your men upset me, that's the price." Qin Yi sneered, "We said it before, and you agreed." ”

"I ......," annoyed Jacob, "damn it, I'm going to kick him in the ass, he's going to cost me hundreds of millions of dollars." ”

"It's too big a matter for me to give you an answer right now." Jacob then added, "It's too risky, and it's a bit difficult to launder money." ”

"Then you look for your friends in the United States, they should be able to eat the money."

"Then how do I contact you?"

"If you agree, your guy will raise the price of the press to fifty-one thousand dollars at the auction tomorrow and give up." Qin Yi smiled slightly, "I will contact you when I get the information, and I will call you." ”

"Damn, time is too tight."

"Good luck." After Qin Yi finished speaking, he turned around and opened the door and walked straight out.

At this time, the bodyguard in the corridor was chatting happily, and suddenly saw a stranger come out of the room, and the two of them were dumbfounded.

Qin Yi gestured his middle finger when he passed by the fat man, "Fakyou, dead fat man." ”

The fat man blushed suddenly, and just wanted to catch up, when suddenly a greeting came from the room, "Tim, come in." ”

The fat man spat at Qin Yi's back unwillingly, turned around and entered the room, "What's the matter, boss." ”

A chair smashed in front of him, knocking the fat man to the ground.

Jacob walked over and kicked the fat man a few times.

……

Qin Yi walked out of the hotel quickly, disappeared into the dark alley, and then changed his clothes and appearance, and slowly returned to the hotel.

Pushing open the door of the room, he found that Li Xiangdong and the three of them had already gone back to sleep in the next room, while Shar Pei was still tinkering with the safe.

"Brother Shapi, you really can't use a flame cutter." Qin Yi said casually.

"No, no, don't bother me, it'll be fine soon." Shar Pei said with some displeasure.

Qin Yi yawned, ready to get a good night's sleep, and replenished the reduced traffic that had empowered Ruan Wen.

"Kada."

Shar Pei jumped up in surprise, "I'm open." ”

Qin Yi subconsciously glanced at the open safe and found that golden light came out of it.

"Wow, you're rich!"

Shar Pei pulled out a dozen gold bars, a large amount of US dollars, a preliminary estimate of millions of dollars in cash, and bonds.

The most valuable thing is a thin piece of paper, which is a fixture that often appears in Hong Kong films, a Swiss bank cashier's check.

There are five million dollars on it.