Reborn Financial Overlord

bell bell -

The phone on the table rang suddenly. The damn phone ringing made Norman Lamont feel very bad. He really had enough of the damn phone.

"Norman. It's me. Sorry, we failed. Now we only have 2.75 million funds left, but the price of the pound is still below [-]."

"..."

The voice from the receiver made Norman Lamont turn pale.

Although he considered that the UK might be forced to withdraw from the European Exchange Rate Mechanism a long time ago, and took corresponding hedging measures, but when this moment happened, he realized that this was the last thing he wanted to see result.

If Britain withdraws from the European Community, his political life may be completely ruined in a short time.

Lamont could feel that his hands and feet were a little cold, even colder than under a winter blizzard. In any case, this country was the country where he was born and raised. No matter how you look at it, this is the worst result.

But now, what can be done, the most important thing is how to deal with the current situation.

In order to maintain the exchange rate of the pound, the central bank has raised interest rates twice in a row and invested tens of billions of pounds to protect the pound. If you give up now, wouldn't all your efforts be in vain.

You can't have both, since you chose to keep the pound at the beginning, now, the best choice is to continue to keep the exchange rate.

Lamont smoked a cigarette and sat on the chair for a while, feeling his body recovering a bit of temperature, picked up the phone and called his boss. If he wanted to keep the current pound, he had to raise the interest rate again, and he needed to borrow some money. Large sums of money, both of which require the permission of John Major, the prime minister who is also the first chancellor of the exchequer.

10 Downing Street, Westminster.

All these buildings with a history of more than 200 years have become the prime minister's residence since the first chancellor of the exchequer and the prime minister were held by the same person.The simple design of the black wooden door, embellished with white Arabic numerals "10", has become a well-known mark.

Here, in addition to the prime minister's residence and the prime minister's office, the prime minister's secretary, assistants and advisers all work in the prime minister's residence.

The Prime Minister formulates policies with his cabinet and think tanks at No. 10 Downing Street every day, and the general confidential departments, the Parliament, the Ministry of Finance and the Ministry of Foreign Affairs are only a few minutes away from No. 10 Downing Street, so the Prime Minister can easily obtain information and contact.

Buckingham Palace, where the monarch lives, is nearby, so that the Prime Minister goes to Buckingham Palace regularly to report to the monarch on political affairs.There are different conference rooms and dinner halls in the prime minister's residence, where the prime minister often meets leaders from all walks of life and countries.

Therefore, Downing Street 10 is the center of the British government and one of the power cores of British politics.

Interestingly, when this was the residence of the first chancellor of the exchequer more than 100 years ago, many chancellors of the exchequer thought it was too small and built on swampy land and were unwilling to live here, and even wanted to raze it to the ground.

As the prime minister of a country, John Major's work is naturally extremely busy, not to mention this is the crisis moment when the stock market, bond market, and foreign exchange market are facing triple kills.

When Norman Lamont called, Sister Mei was discussing with consultants, cabinet members, and think tanks how to solve all the current problems.

"Mr. Major. I am sorry that our market intervention has failed."

This wasn't shocking news. Major knew about the result before Lamont called.

"Then what do you think we should do now?"

"I think we may need to borrow more money to maintain the price of the pound."

"..."

With the speakerphone on, Major sought advice from his staff and cabinet members

"What do you guys think?"

None of the guys present were human beings. They looked at each other and reached an agreement in an instant.

"I think His Excellency Lamont's suggestion is correct, but the problem is that there are not many people who are capable of helping us and willing to lend us money."

"For the Asian market, only the Japanese are capable of helping us. We can ask the Ministry of Finance to help us."

"I object. Judging from the information of the Financial Investigation Bureau, that Shen Jiannan should be Japanese, and his real name should be Akiyama Kennan. I think his attack on the British pound was probably inspired by the Ministry of Finance."

"I agree with Bobby's judgment. Why are there so many pounds being sold in the Asian market? This is not logical at all. Think about it, outside of Japan, who else in the world can take out so many pounds?"

"Kevin is right. In the entire Asian market, the only people who can come up with so many pounds are the Japanese. We can't ask them to borrow money. If we do that, we will only be severely humiliated."

"..."

"..."

"The French can't do it either. Those bastards want to see us in trouble. If we ask them to borrow money, we will bring shame on ourselves."

"......"

Chapter 1 The Peak Showdown

"What's more, the French francs in the market have been sold out, and the French dare not lend us money."

"Italy is too poor to uncover the pot..."

"Spain....."

"..."

After discussing for a long time, the think tanks and cabinet members of the Prime Minister's Office did not discuss one, two, three. Italy and Spain are now clean, and they don't know who they want to borrow money from.

The Japanese are shorting the pound, and asking them to borrow money is tantamount to being slapped in the face; the relationship between Britain and France is put there, and if you go to the French to borrow money now, you will only be humiliated and absolutely unable to borrow money.

As for Germany, the strongest in Europe, Schlesinger's attitude has long made it clear that he wants to kick them out and borrow money, not to humiliate himself.

Is the British Empire shameless?

This result made Norman Lamont silent.

Although no one accused him of the knock-on effects of shorting the lira, but now these guys simply don’t want to take responsibility. The IMF’s money is there, and this kind of selective blindness is simply not other reasons.

"We can borrow money from the IMF."

"Oh. Why didn't I think of that."

"My God. You're so smart, Norman."

"I agree with Mr. Lamont's proposal. It is the most sensible choice to borrow money from the IMF at this time."

"..."

There was never a moment when Lamont found the word clever to be a curse.

In the end, Sister Mei couldn't stand it anymore. As the prime minister, at this time, she must take the responsibility that the prime minister should have.

"Norman. I believe that the IMF will agree to our request. Then you can deal with this matter. Is there anything else?"

"..."

Norman Lamont couldn't help being silent again, but he still had to mention the interest rate increase.

"Just borrowing money to buy sterling may not guarantee the safety of sterling. We need to continue to raise interest rates to retain capital."

Continue to raise interest rates?

Mrs May's brows knit together, he was responsible for bringing the UK into the ECRM, if continuing to raise interest rates would represent a failure of his policy, then his credibility would be crumbled, the opposition parties have been looking for Opportunity, several other bastards are waiting for him to make mistakes, and he must not continue to raise interest rates.

"Oh. Norman, hold on again. It's not the time to raise interest rates yet. New economic data will come out later. I believe that the market will eventually calm down."

When Lamont called Mrs May, British officials were trying to project confidence.

Eddie George, vice-president of the Bank of England, stood in the news interview reception department and faced many media reporters. He was extremely confident. He wore a plaid shirt and a striped tie, dressed like a London banker, and had blond hair in the background. The golden glow reflected in the sun, and the condition looked very good.

"Mr. George, according to the regulations of the exchange rate mechanism, if the pound wants to stay in the ECU, it needs to stabilize its price at the lower track of the exchange rate mechanism, but now that the price of the pound has fallen below this range, does the central bank have more plans to Keep Britain in the European Union."

"Specifically, I can't tell you, but I think you can understand. But I can tell you that everything is under our control. The Bank of England has hundreds of years of history, and Mr. Norman Lamont is also the most powerful Chancellor of the Exchequer , no one understands finance and economics better than him."

Facing the reporter's question, Eddie George said cheerfully, as if the Bank of England had laid out a matrix, waiting to deal a fatal blow to the short sellers in the market.

However, where prostitutes have fuel-efficient lamps and fuel-efficient, they will not be reporters. After Eddie George finished speaking, a female reporter mustered up her courage and directly asked a very serious question.

"Mr. George. Don't you worry that the Bank of England has gone too far in this matter and is behind the times?"

behind the times.

This is a word that the British hate the most, because it reminds people of the weakening of the empire on which the sun never sets, and Eddie George's face becomes a little ugly.

“While unlikely, but in an extreme scenario, it is certain that the central bank will raise interest rates by a percentage point to drive out speculators. We will show them the iron fist of Great Britain.”

bell bell -

The phone rang unexpectedly from his pocket, and Eddie George took out the phone and pressed the call button.

"George. It's me, listen. We raised rates five hundred basis points in two hours, and the market didn't climb the way we expected. Obviously, our intervention failed. You've got to do the worst. preparation."

It was like a thunderclap flashed across his consciousness. Eddie George was horrified. The central bank raised interest rates by [-] basis points, but the intervention failed. This means that the British pound will inevitably withdraw from the European exchange rate mechanism. Powerless.

But this news must not be revealed. Once it is revealed, all the people will take their money to the central bank and exchange it into foreign exchange, which will be a disaster.When he turned around, the discoloration on Eddie George's face had been hidden, only a little abnormal white, and he was frightened before proving it.

"I just received a piece of news that we are actively responding to the current market conditions, and I can tell you with certainty that the pound will never depreciate."

"Mr. George, can..."

"Sorry. I need to get back to the office to take care of something now."

"..."

Hurrying back to the bank in the car, a brief meeting was quickly held under the chair of Robin Leigh Pemberton.

"Everyone already understands the current situation. I don't know if you have any other good ideas."

"I think. At present, the panic in the market must be stabilized first."

"But it takes money, a lot of money."

"No. Confidence is more important than gold. We can contact some banks, institutions and giants to express their attitude and their trust and support for the pound."

"But there's no way those greedy guys are buying sterling at this time."

"That's not a problem, the problem is that they stand up and can dispel the sentiment of people selling sterling."

"......"

With the end of the Bank of England meeting, famous industrial giants made remarks saying that fundamentally speaking, the pound does not have much depreciation expectation. As a British, it is the responsibility to protect the country's sovereign reputation. billion to support the exchange rate.

At noon, the president of National Westminster also made remarks in support of the pound.

He said that currency is a country's sovereign reputation. In the face of malicious attacks by international capital, as a citizen of Great Britain, he should support the price of the pound. The Bank of Westminster will buy 100 million U.S. dollars to support the price of the pound. Will buy $[-] million backing the pound.

One, two, three...

A professor at the University of London, a famous economist, a famous entrepreneur, and a banker, passionately condemned the sniping of international capital on the pound as a malicious war. As a British, in this despicable war, we must take up arms Defend the dignity of the pound.

One said so, maybe nothing.

But when many social celebrities and social celebrities made similar remarks and said they would buy pounds to support the exchange rate, the whole of Britain fell into a war of public opinion.

-------------Chapter Dividing Line---------------

"Mr. Catherland, I don't know what you think of the future market for the pound."

"The sterling market has been turbulent recently and the Bank of England is doing its best to keep the pound safe, but we have to see who benefits from it."

"International financial speculators maliciously slander the value of the pound with the aim of attacking the pound to gain profits from it. However, the UK has a world-leading advanced industrial level. I don't think there is much room for the pound to depreciate."

"what do you mean?"

"I think it's a wicked injury and we'll have to see who's going to profit from it."

"..."

"..."

"President Karon May, there is news that Lion Industries will buy [-] million U.S. dollars in pounds to support the stability of the exchange rate. I don't know what made you make this decision."

"Currency is a country's sovereign reputation, and the British pound is the dignity of Great Britain and Ireland. But now, the international financial giants have premeditatedly launched an attack on the British pound. Every Brit would hate this kind of predatory behavior and as a Brit I think something has to be done about it."

"..."

"..."

"Professor Gossman, what are your thoughts on the ongoing turmoil in European financial markets."

"Politics and economics are always inseparable. When the economy changes, that is the arrival of war. From Northern Europe to Italy and Spain, we can see that international financial giants have made huge profits by sniping currencies. I It is believed that this is another manifestation of war, that international capital is launching an act of aggression against Great Britain, which may result in the looting of millions of people. They will cause great damage to the British economy and will There are a lot of businesses that will go out of business because of it."

"..."

"..."

At noon, Solzipoli.

Alexandre De Leather looked at the live broadcast on the TV, his face was red and his fists were clenched tightly.

"Mary. I'm going out."