Reborn Financial Overlord

"But we're afraid we're going to have a hard time finding buyers now, and a drop of this magnitude means the Bank of England's foreign exchange reserves have been depleted."

"..."

The conversation between Druckenmiller and Soros made Tom Clark confused, so he had to interrupt.

"We can sell pounds for less."

"..."

George Soros and Stanley Druckenmiller glanced at each other. There were some things they couldn't tell Clark yet.

But now, apart from this method, there is no better way.

"Maybe, that's the only way to do it."

After the discussion between the three was over, Robert John, who was still in his dream, received a call from Stanley Druckenmiller. He got up from the bed and quietly called back, hoping that his wife Mary would not hear this time. conversation.

Because Mary Swift is an executive at the Federal Reserve Bank of New York, in charge of money markets.

Weird couple?

Not surprising at all.

Buffett is known as the fifth-generation stock god. It is spread all over the world how he built a financial empire from a boy, but few people know that behind him is the father of a US congressman.

As someone said later, American bureaucrats never take bribes.

But the people who said these things never said that Wall Street existed, so the brains would embezzle that little money.

"Stanley. We may have underestimated the existence of that Easterner. I have a feeling that the pound has fallen to this point. It must have something to do with him."

"Robert. Now is not the time to discuss this issue. I think we must sell our pounds as soon as possible. It will be our disaster when the Bank of England gives up resistance."

"Is there any other way?"

"What do you think?"

"Damn, we could have made more money."

"I understand how you feel, but that's the truth."

"Ok."

"..."

Not long after Robert John hung up the phone, Louis Bacon also called Druckenmiller.They talked about how things would play out and Bacon said he was still trying to figure out how to sell the pound.

"Really?" Druckenmiller blurted out.

Obviously, the major investment banks on Wall Street are aware of the seriousness of the problem. If the British government announces its withdrawal from the European Exchange Rate Mechanism, there will be a shortage of buyers for the pound.Judging from the results, this is in the interests of the United States. The British's departure from the European Community means that the ECU's threat to the US dollar will be greatly weakened.

The nature of capital is to chase profits. It is conceivable that with the sharp depreciation of the pound, European capital will leave the European continent to find new space for value-added and value-preservation. The US market is undoubtedly a very good market. choose.

But this is very inconsistent with the interests of capital. There is nothing worse than seeing the market but failing to achieve the expected return.

Druckenmiller told Bacon to wait, and a few seconds later Soros joined the conversation.

"Where did you find the buyer?" Soros asked desperately.

The position of 100 billion US dollars is the effect of the five-fold leverage of the Quantum Fund. If the pound cannot be sold as soon as possible and the pound held by it is allowed to depreciate, the interest alone is enough for the current Quantum Fund to drink a pot.

Especially thinking of the money borrowed from Xiyangyang Finance Company, Big Big Wolf Finance Company and Slow Sheep Sheep Finance Company, Soros has a feeling of being overshadowed.

To be precise, it was as if the main force was eyeing the money in his hand.

Soros has not felt this way for many years. At that time, he was still in London, and he was an ordinary retail speculator, and he would feel this way when he lost money after loss.

But he hasn't felt that way since he left London for America.

But now, the feeling of being stared at came again.

"We found buyers in Hong Kong. But I'm not sure if they will continue to buy sterling."

Hong Kong?

George Soros was stunned for a moment, but when he thought of the relationship between Britain and Hong Kong, he immediately understood something.

An imminent thought could not be restrained from popping up in my heart. The Hong Kong government will consume a huge amount of dollars to buy so many pounds. Doesn't that mean that a large amount of money can be made from the Hong Kong market.

Chapter 1: The Sterling Pound

Under the sunlight of the early morning, Scott Besser, a portfolio manager who had been in London, also came to the office, and he could see the tall silhouette of the boss standing in the office.Druckenmiller was taking off his coat, and the shadow behind him was infinitely elongated.The only voice in the office came from the phone. Soros was on the other end of the phone, and Druckenmiller was on the speakerphone. The unreal Eastern European accent filled the dark room. Soros urged Druckenmiller to sell as soon as possible. Pound in hand.

"Damn. Haven't contacted yet?"

London, Treasury Building.

Lamont yelled at his assistants furiously. The pound fell by more than 20.00% in one day by more than nine points, which means that every few minutes, the country will lose hundreds of millions of pounds.

Italy were lucky to be in trouble on Friday, with two days off at the weekend giving them a chance to breathe.But the UK is now in the same precarious situation, unfortunately on Wednesday.

That left Lamont with little time to negotiate the reintegration of sterling into the ERM, which would involve lengthy coordination with other European governments. Mass transfers of wealth are still going on.

There are still two days until the weekend, but it is conceivable how torturous these two days will be. According to the current British exchange rate, if the pound that is constantly being sold in the market cannot be paid, the whole of Great Britain will go bankrupt.

The only way is to withdraw unilaterally from the ERM, but this requires the Prime Minister's approval.

But the result made Lamont very angry. He and his assistant kept calling the prime minister's office, emphasizing the urgency of the meeting, but no one answered. The prime minister who led the cabinet, Sir John Major, disappeared as if he had disappeared. Can't get in touch at all.

"Asshole, keep hitting me."

Due to the urgency of the situation, the assistants could only stare at the pressure brought by Lamont and call the prime minister's office again and again.

As a result, unfortunately.

No matter how the assistants called, no one answered the phone.

This is really annoying.

Fortunately, the Ministry of Finance was not too far from the prime minister's residence, so Lamont had no choice but to take the advisory group out to the Admiralty Building, a Georgian-style building, and the prime minister's temporary residence.

Meanwhile, the Admiralty Building.

Dozens of bodyguards and consultants in suits and leather shoes were running back and forth in the building, walking hurriedly with their eyes open to the left, as if they were looking for something.

Twenty minutes ago, Sir John Major was still in the office, but suddenly, he seemed to disappear out of thin air.

That's right, it just disappeared out of thin air.

After receiving Lamont's call, Sir John Major's secretary knocked on the prime minister's office and announced the news of the collapse of the pound. Not long after, Sir John Major disappeared.

"Kevin. Are you sure Mr. Prime Minister has not left the building?"

In the elevator room, Kevin Rosen, the security captain of the Admiralty Building, was questioned again by the cabinet members of Sir John Major. The MI6 major had to repeat the questions he had said several times before.

"Gentlemen. I am very sure of this. The monitoring center has also reported that His Excellency the Prime Minister has not left the building, and his car has not moved in the parking lot."

Kevin Rosen's tone was not very good. Anyone who has been asked the same question will definitely feel very bad. Besides, although he is not responsible for the safety of Sir John Major, but now, the Prime Minister is in the Admiralty Building Suddenly disappearing without a trace is definitely a big black pot.

Bank of England, Markets and Trading.

Robin Leigh Pemberton looked like a homeless man who had just been robbed on the street, dejectedly holding a long list of statistical data.

With every minute that passes there are gigantic amounts of pounds being sold to the Bank of England, the central bank is being forced to buy a currency that is sure to depreciate soon, and Great Britain is massively diverting funds away from long suffering taxpayers To a group of global traders.

This is a very brain-dead behavior. He knows that he will lose money but keeps buying. Pemberton deeply feels that his IQ is like being pressed to the ground and constantly rubbed.

But he had to do so, because he had to do so according to the rules of the exchange rate mechanism. Now, he no longer expected the pound to leave the bottom area, and only hoped to provide Shen Jiannan and his accomplices with a little less liquidity.

Every minute and every second has become extremely long.

The feeling of being robbed, but having to move out all the family assets, and even having to borrow money from other people's homes to hand over to the robbers, is simply crushing.

The British pound plummeted 20.00% [-]% in one day. As the news was transmitted to all parts of the world on the phone and the Internet, many finance ministers were awakened from their dreams.

Will it bottom out if it falls too much?

NO.

It's never been like this.

Never was.

But one thing is certain, as an old European industrial power, the impact of the collapse of the British currency is absolutely huge, and its collapse has already begun, and it may be too late to stop it.

The harm caused by the economic crisis in financial history has been recorded in textbooks, and under the influence of the transmission mechanism, it will even spread to the whole world, just like World War II.

Out of various considerations, the central banks of various countries have put in great effort to closely monitor the changes in the financial market.

Of course, not all countries are worried about this tension.

Thailand, Bangkok.

Due to the time difference, it is already seven o'clock in the afternoon here.

The setting sun floats on the Andeman Sea, and the huge red sun exudes a gentle light that reflects the sea surface red, which looks extraordinarily beautiful.

But looking at the buildings in Bangkok, the huge sun seems to sink into the sea at any time.

Bangkok, Treasury Building.

The newly appointed Finance Minister Kasong and the newly appointed Bank of Thailand Governor Sonny sat together, their faces were full of unconcealable excitement. Glittering with a layer of greasy gold.

The United Kingdom is one of the core members of the European Community. The proportion of the pound in the ECU is even lower than that of Germany and France. Now, the pound has depreciated by 20.00% in one day, which means that the pound will be forced to withdraw from the European common economy body.

This is undoubtedly a huge opportunity for Thailand.

The world is so big, the five Nordic countries are now struggling to extricate themselves from the economic quagmire, Eastern Europe is still licking the wounds of division, and now Southern Europe and the United Kingdom have fallen into the predicament of currency collapse.

Capital is chasing profits. If the entire European economy is in turmoil, that sense of insecurity will inevitably prompt profit-chasing capital to flee Europe.

"Sonny. This is a once-in-a-lifetime opportunity for us to do something big, don't you think?"

"I think so too. Now the UK is like the sun on the sea is about to set. We can attract more European capital to Thailand."

"Is there anything I can do with you?"

"When I studied economics in the United States, I discovered that the U.S. economy is largely driven by the financial market. We can liberalize more financial controls and attract European capital to Thailand."

As he spoke, the expression on Sonny's face gradually became agitated.

"If possible, I hope to speed up the construction of an offshore financial center. As long as we provide more convenient conditions, Bangkok will have the opportunity to surpass Singapore and Hong Kong and become the financial center of Asia."

"..."

"..."

"By then, we can even become the real dominant player in ASEAN."

"..."

Chapter 1 A group of black-bellied hooligans (fireworks plus more)

At seven o'clock in the evening, Thailand's Finance Minister Kasong presided over a global economic development conference.

The new finance minister delivered a series of speeches to a blaze of flashing lights.

The Bangkok Offshore Financial Center will be officially announced in October. Thailand welcomes investors from all over the world to Thailand based on the principle of fairness and justice. According to the new offshore financial rules, the Bank of Thailand will no longer carry out any foreign capital control, allowing all Investors are involved in securities and real estate investment.

Moreover, the Central Bank and the Administration of Foreign Exchange will fully liberalize foreign exchange controls, allowing foreign investors to trade Thai baht futures and options in offshore financial centers.

The finance ministries and central banks of various countries are more stupid than the other.

The European economic system is in turmoil. This is undoubtedly a once-in-a-lifetime opportunity. As long as it can absorb European capital, it will bring about qualitative changes in the economy.

Almost at the same time, Malaysia, the Philippines, and Indonesia held press conferences in different forms. The speeches of each country were different, but almost identically expressed their welcome to foreign investment and the liberalization of capital controls and financial markets.

"I think everyone knows the reason for this meeting, but I don't know if you have any opinions."

"I think this is a once-in-a-lifetime opportunity. The forced exit of the pound from the ECU means that there is a problem with the development of the European Community. If we can attract these capitals to invest, it will be very beneficial to our current economic development."

"But we can't come up with the conditions to attract foreign investment. Thailand, Malaysia, the Philippines and Indonesia all have fixed exchange rates. Now they have fully liberalized their financial markets, which is more attractive than our mainland."

"..."

"..."

"..."

Huaxia, the imperial capital.