Rebirth in 1989: Building a Chinese Technological Empire

The British Prime Minister's office, Chancellor of the Exchequer Lamont, Prime Minister Major, Foreign Secretary Hurd, Chairman of the Board of Trade Heseltine, Home Secretary Clark...

All the important people gathered here, all with serious expressions. They knew what had happened and the importance of this matter.

"Mr. Prime Minister, although I don't want to admit it, the facts have proved that we can't save the pound. This is the general trend. The root of the disaster was planted when we joined the ERM. Now it's just time to pay off the debt. I suggest that we withdraw from the ERM and leave the market to the market..."

Lamont said seriously.

"Is there really no other way? For example, we mobilize more money to stabilize the pound..."

Major looked at Lamont and asked again. Major knew the seriousness of this matter. If this matter was not handled well, then Lamont's future would be over, and Major's future would not be easy. By then, he and the Conservative Party will lose the support of the people, and the next general election will probably be more difficult.

"Mr. Prime Minister, it's useless. If we can stabilize today, can we stabilize tomorrow? Can we stabilize the day after tomorrow? In the end, it can't be stabilized, and we can't stabilize it either. How much money can we have? Can we have as much as the United States?"

Lamont asked directly, and this made everyone silent.

Everyone is not a fool, and naturally knows what Lamont means. What does Wall Street represent? Wall Street is the spokesperson for American capital crocodiles.

Now that Wall Street has taken action, it means that American capital has taken action. How can the funds that Britain can mobilize be compared with the United States?

"Then let it be..."

I don't know how long it took, Major sighed.

Let it be, maybe this is fate.

On Black Wednesday, the pound foreign exchange did not have any upward trend throughout the afternoon. Compared with the opening in the morning, the exchange rate of the pound against the US dollar has fallen by about 25%.

Now it is maintained at 25% and almost motionless. The British government's two interest rate hikes are useless, and the capital buying the pound in secret is useless.

The whole transaction was undercurrent, but the exchange rate of the pound was like a huge stone. It was too difficult to lift it up after it fell.

In the stock market, many people looked ashen, and many British companies also looked very ugly when they received the news. The depreciation of the pound was equivalent to the depreciation of their assets.

And looking at this rhythm, it depreciated by 25% at once. In the morning, it was still 100 billion US dollars in assets, but now it is only 75 billion US dollars. Who can I go to for justice?

Time passed like this, and it was getting closer and closer to the closing time of 7:30. Soros's face was full of smiles, and the capital involved in the action was also full of smiles, because they knew that the overall situation was determined.

"Action, smash the market..."

At 7 o'clock in the evening, half an hour before the closing of the London Stock Exchange, Xu Huasheng's people finally moved.

"Mr. Soros, someone smashed the market, and suddenly a large number of shorts were thrown out, the amount was very large..."

A trader shouted directly, and Soros and his team hurried over. After seeing the exchange rate curve, Soros's face changed.

"Who is this? It's too ruthless to crash the market at this time."

Soros couldn't help but say. Suddenly, so much money crashed the market, and the pound, which had already fallen by 25%, plummeted again.

The pound had been left with only one breath by Soros and his men. Now this money came in, it was the last blow. There was no mercy at all, just to kill the pound.

"Mr. Prime Minister, Mr. Lamont is not good..."

The door of the room was pushed open. Lamont was preparing things for a press conference later. Seeing the expressions of the staff who came in, he immediately looked ugly.

"What's wrong?"

Lamont asked hurriedly.

"Suddenly, a capital appeared to crash the pound, and the exchange rate of the pound against the US dollar plummeted again..."

After hearing this, Lamont's face immediately became extremely ugly, and so did Major.

"Americans, you are bullying too much..."

Major was so angry that he trembled all over. It was too much. The relationship between the United States and the United Kingdom is similar. There are some things that everyone has to leave a line when doing things.

Devaluation of 25%, this is already a very large number. Everyone knows that some things should be stopped in moderation.

25% is also a number that the British government can accept.

But now, at the last moment, they are smashing the market again. They are preparing to kill Britain.

Lamont can no longer care about so much at this moment. He hurried to check the market. When he saw the curve, his face was ashen.

The last half hour was like the end of the world for all British stock investors.

Finally, it was 7:30, and the London stock market officially closed. But everyone was staring at the pound exchange rate curve, looking at this number that was like jumping off a cliff, it was destined that many people would jump off the building tonight.

40%, the exchange rate of the pound against the US dollar fell by 40% compared with the morning, which was a halved number.

Of course, this number also made many people earn a lot more, such as Soros.

But at this moment, Soros had no joy of victory at all. At this moment, he only felt cold all over, and his hands were shaking a little.

"Who is it, who is hurting me..."

Soros couldn't help but whispered at the corner of his mouth.

This is not the result he wanted. He just wanted to eat a bite of meat, and he didn't think about the life of the pound. Soros knew some truths, and some meat would be eaten too much, and he would be stuffed to death.

"Check it immediately, how many short futures of the pound are there?"

Soros said quickly, and Miller quickly picked up the phone and started to contact relevant personnel to start investigating.

Soon, Miller got a data, and when he heard this data, Miller looked ashen.

"How is it?"

Soros asked hurriedly.

"In the past few months, there are 100 billion US dollars of futures positions shorting the pound exchange rate, and the delivery time is today."

Miller's words made Soros dumbfounded. 100 billion US dollars of short futures, the delivery time is today.

And today, the pound fell by 40%, that is to say, this batch of futures has eaten away 40 billion US dollars from the pound.

Soros knows very well what this number represents, because the UK's US dollar foreign exchange reserves are only 44 billion US dollars. This time, this mysterious force has almost eaten up the UK's US dollar foreign exchange reserves.

Although Soros and his team also made more money because of this force's market-smashing behavior, in total, Soros and his team made less than 5 billion US dollars.

After working hard and planning for so long, he finally found that he had become someone else's scapegoat. At this moment, Soros felt aggrieved and almost couldn't breathe.