Rebirth of the Financial Overlord

Chapter 485: Times Have Changed

He is about to become an old father-in-law, how can Pound Brook not know William's details at all.

In other words, if it wasn't for William having enough capital to associate with his daughter, with the background of the Brook family, how could Old Brook allow his daughter to associate with him, an ordinary Chinese.

He is very clear about William's strength, or in other words, he knows how terrifying the capital behind William is.

But what does that matter!

Pound Brook paused while holding the teacup in his hand, and pondered for a long time, but he still didn't understand the meaning of William's words.

No way, when it comes to charades, people in the world may not be able to compare with Chinese people.

What do you think.

If the final result is that the UK cannot stay in the European exchange rate system, but pays a huge price for it, my lord father thinks, will some people pay for it?

This time, Pound Brook understood.

Politics is an art of compromise and advance and retreat. If the depreciation of the pound is forced to exit the European exchange rate mechanism and cost a huge amount of money, then those who insist that the Kingdom of Great Britain and Ireland stay in the European Community must pay the due price for it. And if he clarifies these things in advance, then everything he does will become a super chip after the results come out.

But is it possible?

There is no possibility at all.

Pound Brook put down the teacup in his hand and shrugged his shoulders as he drank the tea in one gulp.

That's impossible. Although that fellow Lamont is arrogant, what he said is not unreasonable. The Bank of England has 24 billion pounds of foreign exchange reserves, and can also dismantle tens of billions of pounds of foreign exchange from the IMF, and , if necessary, can also make Hong Kong buy pounds in the market, and no one can devalue the pound.

Let Hong Kong buy pounds in the market!

A gleam of anger flashed across William's heart. The British are simply slaughtering Hong Kong like sheep. If the British pounds they bought lose money, wouldn't the final loss be borne by the Hong Kong people.

No, you will definitely lose money.

Although the foreign exchange reserves that the United Kingdom can use are 34 billion pounds, the Bank of England has already consumed more than 3 billion pounds when the lira was hit before. Up to now, it has consumed at least 3.7 billion pounds. GBP.

Moreover, during the recent period of time, British capital has been in a state of outflow, and God knows how much capital has flowed out. The foreign exchange reserves that the Bank of England can really take out are not as much as they say. The size of the position on Capital One's side has reached 12 billion U.S. dollars, which is 6 billion pounds. For positions, the Bank of England's money is not enough at all.

And at that time, if the pound depreciates, the pound bought by Hong Kong will lose money, and in the end only Hong Kong taxpayers will be able to foot the bill.

Mama batch, damn Brit, damn boar skin.

William couldn't help cursing in his heart, but what could he do? The position was different. From the perspective of the British, this was the correct approach. If he were British, he would do the same.

Burying everything in his heart, William showed a sarcastic smile.

And what if this is the will of the Americans?

.

There is no distinction between economics and politics, and Pound Brook was immediately stopped by the question.

Yes, if this is the will of the Americans, can the Bank of England really stop it? No, this must be the will of the Americans. Now that the enemy of Eastern Europe has fallen, if Europe unifies its currency, it will become the biggest enemy of the US dollar. With the shrewdness of those Jews, how can they allow the European currency unit to threaten the US dollar? status.

ring ring ring——

The phone rang unexpectedly, and William took out his phone to look at it, apologized to Old Brook, walked out of the villa and pressed the call button.

William. How's the weather over there in London?

There was a light rain in the morning, but it has stopped now, and the air is very good.

Why do I feel like you're driving?

Walter?

Oh, it's nothing. I just called your office and said you drove out with the assistant.

Boss. I have something to tell you. It's a big thing.

What's up.

Looking around like a thief, William found that no one was paying attention, and William suppressed his voice to the lowest level with a look of excitement.

BOSS. I have a big plan. My cheap father-in-law is an executive of the Bank of England, but he is a member of the Labor Party and has been squeezed out. Do you think there is any chance for him to be the governor of the Bank of England? superior.

.

.

Shen Jiannan was taken aback by William's words. Even he had never thought of such a bold idea. Influencing a country's central bank from behind is something that the United States has worked hard for hundreds of years.

Involuntarily, Shen Jiannan's dark eyes flickered.

He found that he underestimated William's guts a bit. If he was allowed to grow up

In an instant, Shen Jiannan laughed dumbfounded again. Since William didn't hide anything, he also knew that if he wanted to push Old Brook up, he couldn't do without the support of Capital One. Profit is the eternal topic of human beings. If even such a little guy can't control it, it's better to kill him head-on.

It would be better to have more subordinates like this.

I quickly calculated the possibility of success in my heart, and a bolder idea was eager to try in my heart.

William. I'm glad you've grown up, but I'm really ashamed of your behavior of prostitution. Can you have a bit of backbone, and you will eat weakness all day long.

Boss. Haven't you heard that the upper beam is not straight and the lower beam is crooked. I learned this from you. William said with a look of grievance.

Am I that kind of person?

Shen Jiannan thought about it carefully, and found that he seemed to be a little bit like what William said.

Could it be that I'm really a soft rice boy?

BOSS. What do you think?

Have you ever talked to him?

I was testing his ideas just now, and you called. But he doesn't think there is a possibility that the pound will depreciate.

By the way, boss, just now the old guy accidentally said that in addition to the foreign exchange reserves announced by the Bank of England and the special borrowing from the IMF, if necessary, Hong Kong may also buy pounds in the market. Will this affect us? previous estimate?

Hong Kong buys British pound?

Shen Jiannan's eyes suddenly turned cold, and some problems that he couldn't figure out before suddenly became clear.

Since 1983, the Hong Kong dollar has been separated from the British pound and changed to a pegged exchange rate system linked to the U.S. dollar. The issuance of Hong Kong dollars must pay the equivalent U.S. dollar in accordance with the requirements of the Hong Kong government.

What concept?

In other words, the Hong Kong dollar is actually another form of currency of the US dollar. It is a US dollar exchange certificate and a token. It can also be said that it is actually the US dollar.

But later, the Hong Kong dollar was attacked by bears.

It's just ridiculous.

Having studied countless subjects, Shen Jiannan couldn’t figure out why the Hong Kong dollar would be attacked. Every time the Hong Kong government note-issuing bank issues a dollar of Hong Kong dollar, it must pay the equivalent amount of US dollars to the Hong Kong Monetary Authority. There is no such thing as over-issuance. This means that if you short the Hong Kong dollar, you are actually shorting the U.S. dollar.

Short selling the Hong Kong dollar for the U.S. dollar means short selling the U.S. dollar with the U.S. dollar, which is absurd.

At that time, Shen Jiannan couldn't figure it out, and he didn't understand why Yang Ma was stupid. She wanted to maintain the exchange rate of the Hong Kong dollar to buy Hong Kong dollars like an idiot, and how could she win the fight and sell the U.S. dollar short? , how could it be empty.

But now, he still doesn't understand.

If the Hong Kong government issues too many Hong Kong dollars and the Monetary Authority cannot produce enough U.S. dollars to exchange them, it must buy back Hong Kong dollars to prevent the wealth of everyone in Hong Kong from being robbed.

The traitor of Gou Ri is really being sold for money and still called Dad.

BOSS. What did you say?

“It’s fine. I mean, whatever the UK’s cards are, it’s a losing game. They’re still obsessed with the days when the central bank can decide everything, but they don’t realize that times have changed.

Finland is not in the EEC, and there are reasons to explain the collapse of the mark, but Italy and Spain are both members of the EEC, and the collapse of the lira and peseta means that there is a problem with the exchange rate mechanism of the EEC, and it is already in the market It caused panic, and this kind of panic, as long as there is a sign of trouble, will bring about a convergence effect. No one, not even Germany, has stood in the way of this convergence.

Then what shall we do next?

Let your father-in-law see our strength, and I believe he will make the right choice.

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