America's Big Hero

Is this what it feels like to have a dad caring?

Love it, love it!

……

The day after the communication with Xiao En, April 4.

Schlesinger announced that Germany could not make any promises on future interest rates. This matter was widely reported by the media. Soros took action directly. With the cooperation of other foreign exchange companies on Wall Street, everyone began to sell the Finnish marks in their hands in the foreign exchange market, and bought them firmly. of the Deutsche Mark.

The initial move was not particularly large, and it was reserved for the Bank of Finland to urgently mobilize foreign exchange reserves in US dollars to enter the market to sweep up Finnish marks.

The Finnish central bank does not invest, and there is no takeover. Whose money do you make!

The Bank of Finland invested 10 billion US dollars in half a day, but nothing happened except that the price of the Finnish mark started to fluctuate rapidly. In the afternoon, the selling power of Wall Street suddenly increased...

The Bank of Finland suddenly discovered that its foreign exchange reserves were insufficient, and some capital predators were eyeing them on Finland.

Even though Finland was a developed country with a GDP of more than 1990 billion US dollars in 1200, it still could not withstand the impact. In the afternoon, the Bank of Finland publicly stated that it would abandon the Finnish mark and abandon the fixed exchange rate system.

In one day, the Finnish mark plummeted by 15%!

That's all right, it can't really be turned into waste paper, Finland's size is too small, so no one can make money!

Finland’s losses are not less than those of Thailand in the next few years. Of course, Finland’s industrial level is not comparable to that of Thailand, and its ability to resist risks is higher.

On April 4, following the fall of the Finnish mark, Soros and others once again set their sights on the Swedish krona.

In fact, there are no other Wall Street companies that specialize in foreign exchange speculation to cooperate with Soros's money... The cash dollars in his hands are twice that of Sweden's foreign exchange reserves, but the cake must always be cut and shared, so that birthdays can be happy.

Within a day, the Swedish central bank raised interest rates wildly, and the interest rate soared to 75% within a day. Even so, the Swedish krona fell as high as 12%.

On April 4th, Soros and others discarded the bloody and broken body in Sweden, and they flew towards the Italians as if flying!

Do you think that Soros and the others moved towards Finland and Sweden first because of the profit?

Do not!

Those profits are not much, especially after everyone shares the food, what everyone wants is to create an atmosphere of panic!

Let the cloud of the financial crisis hang over the heads of the Europeans and blow their confidence!

Now, Soros and others have eaten Finland and Sweden, accumulated enough momentum, and led a mighty speculator to attack the Italian lira aggressively!

After all, Italy is not Finland and Sweden. He is one of the 13 countries of the European Exchange Rate Mechanism. If the lira is captured, it means the failure of the European Exchange Rate Mechanism. He will definitely be rescued!

On April 4, the Italians borrowed $20 billion in one go, backed by the mighty Bundesbank.

360 billion US dollars just want to scare Soros?

Stop it!

With Sean's support, Quantum Fund's own cash flow can reach as high as 50 billion US dollars, and this number can be turned into 120 billion at any time!

Soros believes that as long as he speaks, Sean can make this number 220, 320 in a short time...

There are also Wall Street hungry wolves who follow to eat meat!

There are also speculators who follow the soup!

There is no shortage of Europeans here, and there are a lot of them.

Schlesinger was right in saying that there is indeed a huge risk in lira.

In the foreign exchange market, a group of people led by Soros began to frantically sell the lira positions they had obtained from major European banks, and exchanged them for the more valuable Deutsche Marks.

On the first day, Italians invested 50 billion US dollars in three consecutive installments...

Even so, it is barely keeping the lira from falling, and the appreciation is a no-brainer!

This allows the speculators to follow the wind to see an opportunity. This group of people is the craziest, daring to leverage hundreds of times.

The next day, more sales orders came in. In just one morning, Italians invested another 50 billion US dollars, and at night, a total of 80 billion US dollars were invested...

Crazy, so crazy!

In just one day, the funds used by the two parties exceeded 200 billion U.S. dollars, and if they were placed in the financial market, they would be able to exert an effect of trillions. How many countries can only have a GDP of more than 1000 billion a year in these years!

Before the winner is decided, there is no gain, and both sides are suffering losses.

Only banks as transaction assurance platforms are making money...

Banks are the most profitable business!

This madness is not over yet. On the third day, the Italians poured in 100 billion US dollars, but the Lira is still seesawing, and there is no hope of victory at all.

Three days, three days, do you know how Italians spend these three days?

In three days, 230 billion U.S. dollars was invested, how much money is there in total?

Damn, don't you need to repay the borrowed dollars?

This kind of madness not only made the Italians feel unbearable, but even the British across the sea were terrified!

英镑最近2个月从1英镑兑换2.95马克一路下跌，2.85……2.7964……2.7780……

In order to stabilize the value of the pound, the Bank of England has swept 33 billion pounds from the market, but this government intervention has not had any effect, and the pound is still falling.

This is because Soros and the others did not attack the pound, but on the premise that they secretly closed their positions on the pound.

So where did these depreciations come from?

The answer is that the British did it themselves!

As we said earlier, the British are severely divided internally.

The British economy is in recession and exports are blocked. In theory, the British government needs to cut interest rates and depreciate the currency to stimulate exports. However, the United Kingdom is restricted by the European Exchange Rate Mechanism. However, it has been raising interest rates to stimulate the rise of the currency and maintain the exchange rate with the mark.

This behavior of the British government has been criticized by the vast majority of financial experts in the country, and domestic business leaders are also constantly lobbying the government, speaking in the media and demanding a lower exchange rate.

People also want to cut interest rates because of real estate mortgage loans...

Various reasons plus Murdoch's fueling have caused this situation!

However, the British Prime Minister Major and the Chancellor of the Exchequer publicly stood up for interviews, repeatedly reaffirming their insistence on keeping the current British policy unchanged, emphasizing that the UK has the ability to keep the pound in the European exchange rate system.

Leave your mother alone! !

Soros and others have not done anything yet, and the pound will not be able to hold on!

On the fourth day, April 4th, Soros and others continued to increase their selling of the lira. At the same time, they joined hands with Murdoch to analyze the economic situation of Italy in the media, and analyzed why the government failed to raise the lira after investing such a huge amount of money. , to analyze where the problem lies.

The more you analyze, the more pessimistic you are. All kinds of evidence show that the Italian economy has a major problem, and the lira will not be able to bear it.

The fifth day, the sixth day... Within three days, Idaly emptied all the cards in his hand, including the 360 billion US dollars borrowed and his own foreign exchange reserves.

On the seventh day, the lira plummeted 7% in one day, falling to the lower line allowed by the European Exchange Rate Mechanism. The Germans finally couldn't sit still and stood up and promised to cut interest rates by 0.25%.

good news?

wrong!

As soon as the news came out, Soros and others cheered, and the market completely collapsed!

Lira, crash!

All the money that Soros and the others had invested in before was earned back, and a large piece of meat was torn off from the Italian. A group of hungry wolves with mouths full of blood all aimed at the pound!

Chapter 537: Collapse of Pound Sterling

Why did you help the person you hit?

This kind of problem is universal, and it can be applied to any industry in the world.

If the Italian lira is fine, why did the Bundesbank break the usual practice of cutting interest rates?

It is precisely because the German central bank's interest rate cuts will give confidence to the lira, causing the lira to actually rise, so the lira collapsed!

This operation, the British are stupid!

On April 4, the short-selling army led by Soros, who had a mouth full of blood, rushed towards the pound crazily.

Soros has the longest layout on the pound, and it took him 2 years!

In November 89, Druckenmiller, Soros' partner, began to do long marks and short sterling, while another partner, Scott Besser, had been researching and shorting the stocks of British real estate companies.

Yes, the old guy is the real financial expert. His goals are much sharper than Sean's. It doesn't matter if Sean is present or not. Sean is the one who forcibly gets into the car.

Of course, Sean provided 'safety' support, and the proceeds had to be distributed anyway, and Sean was a better choice.

……

"I need to know the exact dollar reserves in the hands of the British government?" Soros called Sean.

"Wait for me for 10 minutes." Sean called Shen Bi directly after hanging up the phone.

Shen Bi is no longer at HSBC, and many old subordinates followed him into the Asian Investment Bank, but this does not mean that he really has no resources at HSBC.

If Shen Bi went completely silent after leaving HSBC, then he would have no friends, but the problem is that he didn't go silent, instead he had a second life.

Here is a brief introduction to HSBC Bank.

HSBC was formerly known as The Hong Kong and Shanghai Banking Corporation, and before the Sino-British negotiations, it was the Hong Kong and Shanghai Banking Corporation.

After the negotiation started, HSBC felt that the future of Hong Kong Island was uncertain but it was unwilling to give up the market of Hong Kong Island and the cornucopia of Hong Kong dollar issuance qualifications, so it established HSBC Holdings Limited to transfer assets. HSBC Holdings was headquartered in London. .

Since then, HSBC's business has been gradually transferred from HSBC Hong Kong to HSBC UK.

Another point is that British taxation is much heavier than that of Hong Kong Island, so HSBC Group needs to pay about 4 million pounds in taxes to the British government every year.

It has paid a lot, but it has also received the support and endorsement of the British government. This is one of the reasons why HSBC Hong Kong Island dared to follow the North to fight against it. The North has been unable to withdraw the Hong Kong dollar issuance rights from HSBC.

Quite a complicated behind-the-scenes transaction.

Closer to home, 8 minutes later, Soros got the exact figure. The British government still had 440 billion US dollars of foreign exchange reserves. 4 million US dollars will come back, and it will be credited soon.

Sure enough, on the day Italy announced its abandonment of the fixed exchange rate and the collapse of the lira, British Prime Minister John Major and Finance Minister Lamont held a press conference at which they announced three benefits.

The Bank of England has successfully resisted the shock to the pound since February;

On April 4, the Bank of England raised $19 billion to defend the pound.

The Bundesbank has cut interest rates by 0.25%.

Monday, October 4.

As soon as the market opened, the Bank of England spent US$7 million to buy sterling, which can be described as menacing, hoping to scare off Soros and others.

Coupled with the benefits of Germany's interest rate cuts, the pound began to appreciate with a small intervention.

If anyone in the foreign exchange market has increased leverage by hundreds of times at this time, then congratulations, you can go to the rooftop and line up.

Major and Lamont were greatly relieved by the slight rise in the pound as expected, and their hearts were relieved, but these export companies in the British business community almost went berserk.

Is this the appreciation of the pound, this is fucking digging their graves!

The company couldn't survive, and my own country shot me in the back.

However, the hungry wolves of Wall Street led by Soros did not waver at all. This is the same feeling as watching Germany cut interest rates.

With such a large amount of money, no one knows better than them how much promotion should be promoted according to normal logic. However, the reality is that the increase is lower than normal. What does this mean?

Throw it, throw it hard!

After planning for more than 2 months, Soros and other Wall Street hungry wolves made transfers through several banks such as Trustees, and borrowed a huge amount of British pounds from the Bank of Scotland and HSBC, for today!

If you have food in your hand, don't panic in your heart, and have enough ammunition, just hit me hard!

While selling the pound in their hands and letting the Bank of England take over, they bought a large amount of German marks to allow the mark to continue to appreciate.

throw!throw!throw!

buy! buy! buy!

After the market opened, the two sides began to fight in the foreign exchange market.

The UK is not an Italian, old-fashioned empire with a developed financial industry. There is no need to pay attention to step-by-step methods when dealing with them, just smash them to death.

Otherwise, the British might really be able to hold on!

In one day, Soros and his gang dumped $30 billion worth of British pounds!

More than 30 billion, with leverage between 50 and 200 times, affecting a market close to 3000 billion pounds, the pound began to fluctuate wildly.

As soon as Lamont changed his optimistic attitude at the beginning of the market, it would be burnt out. In one day, they shot close to $40 billion in bullets.

Tuesday, July 4.