Reborn Financial Overlord

But the name of the person, the shadow of the tree, we are all on the same level. At this time, it would be very rude to leave. In desperation, Schlesinger just extended his hand and shook hands with Soros.

"Hello, Your Excellency Soros."

"Thank you for stopping, sir. I don't know, what do you think of the ecu becoming the currency of a unified Europe."

This is a very fucking question.

Because, Gros ECU, ECU, it was the first currency issued by Louis XIII of France, although the current ECU is not the same as the French ECU.

"A unified European currency can help European countries avoid more economic frictions and develop peacefully. It can also promote the pan-European economic system to quickly overcome the current economic weakness. I like the concept of a unified European currency. However, the ECU The name is too old, and it is easy to remind people of the brutality of Louis XIII. Therefore, I would rather call this unified currency the Mark."

This is a very veiled answer, but it is also a very straightforward and strong answer. It is not only against the aggressiveness of the British, but also against the constant tricks of France behind the scenes.

Very German answer.

And the answer was as clear as Soros had hoped.

Germany wants a unified European currency, and the central bank is pushing to embrace the idea of ​​currency union, but not at any cost, its priority being to preserve the Deutsche mark's fine tradition of preventing inflation if other economies can't stand the resulting consequences austerity, then their currencies should be devalued.

Does the governor of a country's central bank know what impact these remarks will have?

the answer is negative.

Schlesinger was able to be selected by Kohl to assume the duties of the central bank governor just after the merger of East and West Germany. His political sense is undoubtedly outstanding.

Soros doubted that Schlesinger would be content to see his hardline stance on inflation undermine plans for a European monetary union whose goals included the creation of the European Central Bank, which would replace the Bundesbank .

But Soros probably never dreamed that the reason why Schlesinger made this decision was half due to his speculation, and the other half was completely out of anger.

No rough, just those words that Lamont has been repeating: no one understands the economy better than me, no one is smarter than me, no one understands what the Bundesbank needs to do now, and no one understands interest rate differentials better than me What will be the consequences.

In some respects, Lamont was right, but to Schlesinger, it meant something else entirely.

But what Soros thinks is indeed correct, people are all selfish, and groups of people are also selfish.

And this selfishness is the instinctive protection awareness of people when encountering a crisis.

Financial and banking institutions also have a sense of protection and have the motivation to protect themselves. Schlesinger, as a professional central bank official, is likely to be a representative of this trend in the face of the European Central Bank replacing the German Central Bank.

"Stanley. I believe that the lira is about to depreciate and you should increase your short lira position to the size of your current position."

"Are you sure about George?"

"Of course. I'm sure you'll know why soon. Now, I'm going to the airport and try to get back by tonight. This time, we're going to make a fortune again."

Robert John, the name of a person, in Western countries, such a name is as common as Zhang Shuai in China.

"Robert. I have just come back from England, and according to my judgment, the Italian lira must be devalued. But now, I want to hear your exact opinion on the pound."

Chapter 12 Electronic Nomads (Conscience readers, please subscribe, otherwise people will starve to death)

As soon as Soros returned to New York, he called Robert John.

Robert is a currency expert who is in the process of resigning from Bankers Trust to join the Soros Fund.Soros is now convinced the lira will fall on Schlesinger's speech, but now that he's looking beyond that, it's time for more game-changing.

It is undoubtedly the best course of action to consult with a trusted currency expert now.

However, Robert John did not answer Soros' question, which made the excited Soros have to wonder if it was because of the quality of the call.

"Robert, what do you think of the pound?"

In the marketing department office of Beifu Bank, Robert John looked around at his colleagues and hesitated for a while. There were people everywhere, and it was obviously not the time to discuss this issue.

"I think I'd better go find you."

Manhattan is not a big place, and Wall Street is not far from Seventh Avenue.

Walking out of the BF Bank office, John hailed a taxi and arrived at Soros' office at No. 5 Seventh Avenue in 888 minutes.

The office carpet was patched with tape, and Druckenmiller was contemplating several computers on the computer table. Seeing John coming, the two greeted each other and walked into Soros' office together.

A small conference table, surrounded by no outsiders, even Druckenmiller's full-time secretary is not qualified to be here, as for the rest of the Quantum Fund... well, although the Quantum Fund is in New York There were more than fifty employees, but now Soros knew no more than three at all.

"With the strength in Germany, the Italian lira is bound to take a lot of downward pressure. I'm sure that if we sell enough positions, the Bank of Italy will not be able to stop it. But now, I wonder if we build a huge position, how much risk we will face."

Before thinking about winning, thinking about losing first.

Clearly, Soros is a risk averse.

"Well, the British pound is very liquid. If your position is unfavorable, you can exit at any time." John replied, paused, and added: "You may lose about 0.5 percentage points at most."

"So how much profit can we make on this position if the pound falls?" Druckenmiller asked.

"If the pound fell sharply, in theory, Quantum Fund could make a profit of 15.00% or 20.00%. I think the pound can depreciate by at least that much."

"What are the chances of something like this happening?" Druckenmiller asked.

"Within three months," Johnson replied, "there's about a 90.00 percent chance of that happening."

Before working for Bankers Trust, Robert John was a mathematician. What he said was 90.00% so that George Soros and Stanley Druckenmiller couldn't sit still.

There is a 90.00% probability that the pound will fall by 15.00% to 20.00%, what does this mean?

The market has a ceiling. After all, the United Kingdom is an old developed country in Europe, and it is not comparable to countries such as Finland and Italy. If the pound falls by 20.00%, it means that a larger position can be established on the pound.

Both Druckenmiller and Soros glanced at each other. After all, they both saw each other's excitement when they cooperated.

"How much is your own foundation investing?"

asked Soros, referring to John's investment management portfolio at Bankers Trust.

"This is an unprecedented opportunity. 90.00% chance of winning, there is no higher probability. I will use marginal leverage to take this opportunity, if possible, I will invest three to five times the existing capital .”

John's portfolio assets managed by Bankers Trust are as high as one billion US dollars, three to five times, that will be a scary figure.

Druckenmiller is still very young after all, just like Soros often teased him, he has always been very timid, and when he heard that John would use three to five times the leverage, his eyes widened and his muscles They all instinctively contracted, and as the blood flow accelerated, they breathed heavily, just like a basketball player jumping and shooting.

Leverage has always been a double-edged sword. If it is used correctly, it will indeed bring about multiplied profits, but if it is used wrong, the loss will increase exponentially.

And leverage, when too large, is almost indistinguishable from suicide.

"Oh, buy Karma! Are you sure you want to use three to five times leverage?"

"Yes, I am sure. The Bank of England has only 220 billion pounds worth of foreign exchange reserves." Johnson continued: "The total is equivalent to about 440 billion U.S. dollars. But given Schlesinger's speech, I believe that there will be very few other buyers. home. The only place that could buy pounds to support the value of the pound is the Bank of England.”

Under the short-selling mechanism, there is an unbreakable relationship between borrowing, selling, and buying.

If you want to be short on a target and want to make a profit, you must first borrow it. Now, if you want to sell the pound, you must first borrow enough pounds.

This point is not difficult.

The British pound has a long history, and British banks and financial institutions are equally old. As long as you have enough assets, it is not difficult to find more money from banking institutions.

The problem is selling.

If you want to sell a commodity, you must have a buyer. It is predictable that as Schlesinger's speech is fermented under the guidance of the media, the only major buyer who may buy the British pound is the Bank of England. , There will also be some nomads, but individual speculators are all like cannon fodder and can be completely ignored.

This means that once the Bank of England's foreign exchange reserves are exhausted, it will be impossible to sell the pound further. Therefore, $14 billion may be the biggest ceiling in the pound market.

With such superficial knowledge squeezed out, none of the three present could understand.

Glancing at Soros again, and getting Soros' support, Druckenmiller took a few deep breaths.

"Maybe we can get a share of $150 billion," Druckenmiller said. "The Quantum Foundation will increase the size of the existing position tenfold."

"How long do you think they'll last?" Soros asked.

"It won't last a few months."

"..."

"..."

After finishing the short meeting, Druckenmiller returned to the office, picked up the phone, and called Scott Besan in London.

Soon, the call was connected.

When Besan heard Druckenmiller's worries, it was as if he had been injected with chicken blood, and he went crazy.

"Listen, Stanley. You have no idea how bad things are in England right now. The arrogance and arrogance and stupidity of that Lamont guy has completely pissed off Germany, and Schlesinger has made it clear that he can't decide future rates. He's pretty much saying, Definitely not going to cut rates.

But now, houses in the UK are like a whore who has found a wild man. No one wants them at all, and the British government dare not raise interest rates at all.

Given Finland's experience, given the choice between the death of a deeper recession and a depreciation of the pound, the British government would definitely choose devaluation, which would make the pound less valuable than anyone expected be early.

Don't forget that the devil in the East has already shown the terror of triple killings in stocks, bonds and exchanges. "

"......"

Chapter 13 Fighting for Godhood

There is a thin line between genius and madman, and there is also a thin line between gods and demons.

If George Soros could hear John's admiration and excitement when he talked about the Eastern Devil, he would definitely feel aggrieved by it.

He wants to be a god.

A god who is feared, respected, and worshiped, and has countless believers, a god who controls the fate of all people.

He has never shied away from this point.

George Soros is a Jew.

The Jews, on the other hand, only believe in Judaism, and for the Jews, there is only one God.His name is Yahweh, which is called "????" in Hebrew.

However, what George Soros wants to do is not Jehovah.

When he was in college, he had a god-like idol mentor in his heart.

Jesse Livermore.

Before the Wall Street stock market crash broke out in 1929, Livermore shorted the stock market ahead of time, earning a total of 42 million U.S. dollars during the crash.In the United States, the annual tax revenue at that time was only [-] billion, and Livermore once again reached the pinnacle of his life. He had the most beautiful office in New York, installed a private elevator directly to his office, and sucked dozens of dogs a day. Waiting for Cuban cigars.

Then came what has hitherto been called the Great Depression of history.

Fortunately or unfortunately, Soros was born in Hungary during the Great Depression, and experienced the war brought about by the Great Depression, and as a Jew, it was conceivable in that era.

This is already a story.

When Jesse Livermore was brilliant, as long as he told others that he wanted to short a certain stock, or that he was very unhappy with a certain listed company, then that stock would plummet by at least 5.00% because of his words.

What is this concept?

God can't take away wealth from people. If a believer suddenly hears that all his property will be taken away while he is kneeling, he will definitely desperately curse his mother.But Jesse Livermore can, with his eyes and a word, he can snatch the money from those greedy guys and take off their underwear.

With the growth of experience and age, for Jesse Livermore, George Soros regards him as the goal of life and spiritual mentor.

And his spiritual mentor was once called Li Fumo by those who hated him, and was called the God of Wall Street by those who worshiped him.

George Soros has always wanted to be such a god.

always wanted to.

He likes the feeling of standing under the fluorescent lights of the media, the feeling of being admired, the feeling of being intimidated, and the feeling of looking down on the mortal beings.

Of course, this is not all the reasons.

In the world-recognized economic logic, there is a generally recognized logical relationship: the relationship between supply and demand determines the price variable.

In some respects, this logical relationship written in textbooks is correct, but in some respects, it needs to be marked with a relative relationship.Because, in this economic logical relationship written in textbooks and told to people all over the world, it has never been written: price can change the relationship between supply and demand.

If you have to say where the logic is wrong, you can only say that this logic is dead, but people are alive.The market is determined by someone, so the market has its own life, but the change of the relationship between supply and demand is also in the hands of people.

Unfortunately, people, 90.00% are sheep.

Just like Jesse Livermore once did, when he told the sheep what to do, the sheep would desperately choose to charge in one direction, driven by many sheep, the sheep flock turned white Wang Yang, the relationship between stock buyers and sellers has tilted, and stock prices have fallen as a result.

Times create heroes, and heroes create times.

There are many problems in Europe now, and the United States also hopes that this problem will explode. George Soros has long thought that as long as he takes this opportunity to stand in front of the stage and point out the problems existing in the European exchange rate mechanism, and express a bearish logical view, he can It is conceivable that if the existing European exchange rate mechanism collapses due to various factors, he will become a god-like existence under the media focus and fueling.

At that time, under the halo of God, as long as he waved his arm and pointed, there would be countless cannon fodder willing to burn their brains, and the Quantum Fund would be like a temple. Wherever he went, the torrent of capital was enough to crush any existence .

But unfortunately, someone took a step ahead under this halo.

This is a very terrible loss.

An invisible, but huge and invisible loss.

Of course, Soros couldn't have heard the other office conversation through the wall.He stroked his chin and fell into a brief thought.