When I am reborn in Hong Kong, I just want to lie down

Crises are always planted inadvertently, maybe from the inside, maybe from the outside, or maybe both inside and outside hope that something will happen to you; but the crisis that led to the UK came from joining the ERM in 1990. The full name of ERM is the European Exchange Rate Mechanism, which translates to the European Exchange Rate System. .

This system is an exchange rate system established within the European Economic Community such as Germany and France in March 1979. The purpose of this system is that within the prescribed exchange rate floating range, the currencies of member states can float relative to the currencies of other member states. , because the German economy was the strongest at that time, the exchange rates between member countries were anchored to the German mark.

On the surface, this system is to facilitate trade within the system. In fact, it is to establish an EU with Germany as the leader and become the third pole of the world. Germany can become the leader of this third pole; but this idea is good. In Western Europe, except for France, which does not have American troops stationed there, other countries have American troops stationed there.

The risk of this system is that the economy within the system is not balanced. If one or several members of the system experience economic weakness, it will give opportunities for external attacks and leave members without a sense of belonging internally.

The joining of Daiying gave the opportunity for this attack. The reason was that in 1992 after Daiying joined the ERM, the anchor currency, the German mark, raised interest rates due to serious domestic inflation. Raising interest rates within this system was equivalent to Given the global impact of the Federal Reserve's interest rate hikes, the currencies of other countries will naturally weaken relative to the German mark.

This has caused problems for several countries represented by the UK. The weak domestic economy and high currency exchange rates have hit the export economy, which intensifies the risk of a weakening pound exchange rate.

Through various analyses, the pioneers of Wall Street, which at this time did not have the world-famous Quantum Fund, proposed the possibility of shorting traditional established powers, and after many discussions and verifications, they will prepare to launch an attack.

The world does not lack adventurers, nor does it lack bolder followers, such as Li Bu. He has carried out large-scale financing across Europe, mainly using pounds, lira, and Finnish marks. This time Li Bu followed Soda Behind me, I want to eat a big one.

Europe is calm, and the Quantum Fund is ready to launch. Before it even starts, Li Bu's shadow has already spread over the whole of Europe. Just waiting for the moment of launch, he just took advantage of the opportunity and took advantage of it.

Since August, North America has questioned the European ERM, believing that the risks involved are very high, and said that if a crisis occurs, due to the uneven technological and industrial levels of various countries and the uneven economic levels, if a problem occurs at a certain key point , then the whole system will collapse.

In the Quantum Foundation conference room, someone looked at the newspaper and said to the partners next to him: "Does anyone have the same idea as us, or is it just a coincidence?"

"It should be just a coincidence. I didn't see any big fluctuations or large-scale capital mobilization."

"Hopefully, otherwise our raid will suffer from many uncontrollable factors, which may cause our failure this time." Boss Suo felt heavy, and there was a shadow in his heart.

He thought for a while and continued: "Would you like to take action in advance?"

The two looked at each other, and then said: "Forget it, let's proceed as planned."

Shorting a country's currency is first and foremost a surprise attack, and preliminary preparation is essential, that is, lending the currency, short-selling it in the market, spreading rumors, and then adding the 'mistakes' of insiders, leading to problems in economic decision-making.

It can be said that this short-selling operation is a preview of the crisis in Southeast Asia a few years later. By [-], the methods will be more mature, more vicious, and the damage will be more profound. Different from those in Europe, high-quality enterprises in Southeast Asia will Became the spoils of Wall Street.

In July, Li Bu began to fulfill the agreement, borrowed a large amount of currencies from various countries, and began to establish short positions in major exchange rate markets.

Li Bu, who was in London, issued the first order: "Go ahead and inform all security personnel to enter 'working hours' and our leading actors are about to enter."

From this moment on, a large number of traders or operators have their personal freedom restricted, all communication equipment confiscated, and everything is provided by specialized personnel.

According to statistics, every year in the foreign exchange market, the main counterparties for transactions are the central banks of various countries. In order to balance their own currencies and prevent large-scale appreciation or depreciation, they must use a certain country's currency as an anchor to prevent abnormal changes in their own currencies. fluctuations, thereby affecting the country's foreign trade.

At this time, similar departments like Daiying discovered that since July, a large amount of funds had abnormally poured into major exchange rate markets.

"Minister, if you look at the foreign exchange transactions in the past week, the increase is somewhat abnormal." This observer is still very competent.

The minister took the statement and read it, and then he thought of Deutsche Bank's interest rate hike. He thought it was a normal phenomenon. He said: "You did a good job, but this should be the aftermath of Deutsche Bank's interest rate hike. Damn it." Kraut, keep watching.”

In fact, they had made preparations early at this time, and there might be opportunities, such as raising interest rates, controlling foreign exchange, raising interest rates immediately, etc. It might be that they were still immersed in the glory of the past and the sun never set, and they had not yet recognized the facts. It may also be that they feel that no one will take action against their old capitalist empire and risk offending this 'big country' with their irrational behavior.

In fact, these are all correct, but the person who took action also had the support of a certain big country, such as the Quantum Fund, which has a Wall Street background.

After the disintegration of Big Brother, Western Europe, the leading pawn, has also completed its historical mission. What was given at the beginning will now be taken back, and it will be super doubled. Who told you not to be your pawn and want to form an alliance? Are you convinced?There is no common enemy outside, so you want to let yourself go?Do you feel that you are capable again, or do you feel that your father's methods are not enough?

Blessings to Europe from America.

Beginning in September, a force began to short the Finnish mark and the Italian lira in the foreign exchange market. These two countries were noobs. Italy, for example, was the same as in World War II. As soon as its opponents made a move, they immediately fell to their knees, and I don't want to remember that.

Dai Ying was a little uneasy after receiving the news. Sure enough, soon after, the foreign exchange market verified their guess.