Rebirth of the Financial Overlord

London, England.

After receiving the final result that Lira collapsed and had to negotiate with the Germans, Norman Lamont's blond hair fluttered, he waved his fists and shouted, his face was full of excitement.

Due to the complete collapse of the lira in the foreign exchange futures market and the spot market, the Italian government had to announce the depreciation of the lira, reducing its parity by 3.5%, which means that the other ten currencies of the European monetary system will appreciate by 10%. of three point five.

In this case, Germany has only one option, to cut interest rates.

Where is the relationship between Italy and Germany? The German mark is the currency with the largest proportion of ECU. The German central bank shoulders the responsibility equivalent to that of Europe and the central bank. Under the pressure of various countries and out of the need to maintain the European monetary system, it finally made concessions .

At the same time that Italy announced the depreciation of the lira, the German central bank officially announced that the discount rate was reduced by half a percentage point, from 8.75% to 8.5%.

There is nothing more exciting than this. For the pound, the pressure has been coming from the German interest rate policy. Now, the German central bank has lowered the interest rate by 0.25%, which is definitely a wonderful start.

You know, this is the first time that Germany has cut interest rates since the merger of the two countries.

Not only that, as Italy is a member of the European Community, the position of the lira in the ECU cannot be ignored. Now, the depreciation of the lira means the appreciation of the currencies of other countries.

Of course, this also includes sterling.

If it is in normal times, there is nothing to be happy about. If the pound appreciates, the Deutsche Mark will also appreciate. It has no effect on the UK's right and status in the ECU. Now it is different, and Germany has reduced it by 0.25%. The interest is bound to soften the value of the Deutsche Mark a little bit.

Is there a more perfect ending than this?

No.

There can never be a more perfect ending than this. With the Bundesbank lowering interest rates, the pressure on the pound to depreciate will naturally be much reduced, and it will also strengthen the position of the pound in the ECU. It is simply perfect.

Norman, you are so smart.

No one knows what Germans think better than me, lol.

Sure enough, no one understands economics better than me.

Lamont was fantastic.

Oh yeah!

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It is entirely conceivable that the great, smart and wise Mr. Lamont, when the pound was facing a huge crisis, resolved the crisis bravely, calmly and decisively, and made the UK gain more benefits from the crisis. What would it be like? Such an honor. He waved his fist vigorously, followed Norman Lamont's excited left jump in the office, and jumped and shouted vigorously. His flowing golden hair matched with his tall and burly body was simply too handsome.

It's a pity that this kind of pride can't be said everywhere. The feeling of keeping secrets and wisdom in my heart is really tormenting.

How can I celebrate my wisdom, my greatness, my intelligence and my bravery?

Got it!

After thinking for a while, Norman Lamont picked up the phone on the table and called his assistant.

Karina. You can arrange for me the BBC's One Night Proms tonight. I think I'm in good shape today and I'm very suitable for singing.

Sir. I was looking for you. There is a very important matter that needs to be dealt with by you.

What's up?

I'll be in your office right away.

Five minutes later, Carina Jolie walked quickly to Lamont's office with a file bag.

Sir. In my opinion, these remarks are very unfavorable to us and may need to be dealt with promptly by you.

The Sun

'Tipping point for UK economy'

Author: Shen Jiannan

Accompanied by a picture, a handsome photo with arms crossed, flamboyant and unrestrained.

Today, the problems facing the UK come more from the economic downturn. The high interest rates make the UK face a very difficult choice, adapt to a looser monetary policy and depreciate or adopt the existing monetary policy.

It's a very difficult trade-off.

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Judging from the trend of London stocks, the downturn in the real estate market and the unemployment rate, I think and believe that a loose monetary policy to depreciate the pound is more suitable for the current British economy.

A loose monetary policy can inject new vitality into the market, and a cheap pound can also make trade and exports move from sluggishness to good expectations faster.

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The Times

'Where does the pound go from here'

Author: Shen Jiannan

‘Since Major took office, the British economy has continued to decline, real estate prices have been sluggish, the unemployment rate has continued to rise, and economic data has slipped and slipped. Everything proves that the value of the pound is seriously overvalued. '

'But I don't think that's a bad thing. '

‘The appreciation and depreciation of the local currency have different logical relationships with respect to economic development. If the pound depreciates, the export economy will definitely get better development. '

From an economic point of view, the current British industrial products tend to be an export-oriented economy, and the cheap pound can give export companies more room to operate.

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After reading the newspaper that Julie handed over, Norman Lamont jumped up angrily.

As the biggest bearer in the major currency markets in Europe, this bastard is clearly talking about the pound, what kind of bullshit economy, it's all fucking nonsense.

Shameless.

Didn't they just want to take advantage of the sharp drop in the pound to make a fortune, and they said it sounded like they were helping the UK find the right direction of development.

It is shameless.

FUCK. This damn Oriental, he's all farting. How can the great British Empire be compared to a chaotic country like Italy? Immediately call reporters, and I want to publicly express our attitude.

And the Proms tonight?

I'll be on time. Make arrangements for me, a mere Oriental, and I'll show him the wisdom of Mr. Lamont.

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Four thirty in the afternoon.

In the press conference hall of the Ministry of Finance, Lamont stepped onto the podium with a tall and burly body, waving his flowing golden hair.

Ka Ka Ka——

A series of exposures illuminated the entire venue as if it were daytime, and also made Lamont's flowing golden hair more golden.

Without waiting for the reporter to ask questions, he raised his arms and clenched his fists to express his strong belief with unique tension.

No one understands the economy better than I do. The current monetary policy is very much in line with the economic environment in the UK, and those bloody bastards are just trying to make a lot of money when the pound falls.

But I tell you, if you dare to do it, I will put my fist in your anus so hard that you will know the iron fist of the British Empire.

Oh sorry, cut this out, being a gentleman. I shouldn't have been so rude.

Finally, the reporters had a chance to ask questions.

His Excellency, the Minister of Finance. What do you think of the market rumor that the pound will depreciate?

I can tell you with certainty that the pound will never depreciate. We have enough confidence and strength to stabilize the existing exchange rate mechanism.

But on Friday night, the lira has broken the lower band of the float, and what do you think that will do to the pound.

Britain is the country with the longest history in Europe and has a strong economic foundation. The Bank of England also has tens of billions of pounds in foreign exchange reserves. How can it be compared with a chaotic rich country?

Mr. Finance Minister, Mr. Shen Jiannan, a world-renowned economist, analyst, and fund manager, believes that the UK now needs a looser monetary policy to stimulate inflation, and the depreciation of the pound is conducive to current trade exports. He believes that the Bank of England may choose Sterling is devalued. What do you think about that?

Mr. Finance Minister. Some other analysts also said that the main problem of the economy is the reversal of the trade balance. If the pound depreciates, it may not be more in line with the interests of the United Kingdom than the current exchange rate.

Mr Treasurer. Will the central bank choose to devalue the pound to stimulate exports, as the market expects.

How do you look at it?

In an instant, Norman Lamont was irritated by the name Shen Jiannan.

Shen? What kind of famous economist is he, an Oriental.

Oh my God. You bastards always want to make big news, don't you?

I recently had an idea to travel to space, would you like to go with me? I really want to put all of you bastards in a rocket and let you go to the sky for a while, so that I can calm down.

His Excellency the Treasurer. The public has the right to know the government's attitude towards monetary policy.

Our attitude is that there is absolutely no devaluation of the pound.

After speaking, Norman Lamont looked at his watch, turned around and left.

The reporters were dumbfounded. They never expected that Mr. Finance Minister would be so capricious.

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His Excellency, Minister of Finance. Please wait.

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