Rebirth of the Financial Overlord

America, Wall Street.

Due to the time difference, the sun here is still hanging in the sky, and the west-slanting sunlight exudes soft light, making the whole city seem to be covered with a layer of golden light.

Bathed in the bright and soft light, Stanley Druckenmiller clenched his fists excitedly at the news of Frankfurt's return. The current exchange rate system cannot be stabilized by only partial currency devaluation. A broader currency adjustment is better than individual lira and peseta adjustments.

As for not getting 'approval', it's a joke.

What's more interesting is that Schlesinger and Shen Jiannan from the East actually appeared in the hotel together, and they seemed to have dinner together.

In no clearer signal than that, it is clear that Schlesinger is more than willing to see the pound squeezed out of the exchange rate mechanism, and that the Bundesbank is not prepared to cut rates further in order to indulge its weak neighbors.

It's very German.

In the technical chart of the British pound against the mark, a big negative line directly swallowed up the two-month gains, crushing the confidence of the bulls; fundamentally, the British economy is now in a period of silence, and real estate prices and securities prices have always been falling. The unemployment rate is also rising one after another, and there is no hope of recovery in the short term.

Moreover, the privatization reform also made the British manufacturing industry half-abandoned and became more dependent on imports.

The rise and fall of any commodity, logically, can find different trend logics.

Like, Japan in the past.

The central bank cuts interest rates, but the local currency is strengthening, and the trade surplus is depreciating.

Why is the currency still depreciating when the central bank governor makes a tough speech, and the currency is still appreciating when the economic data is so bad?

Obviously, a single factor is not so reliable, even if it has an impact, it may not be effective immediately, but what if many factors in the same direction are superimposed at the same time?

After much deliberation, Druckenmiller found that he couldn't find any reason to go long on the British pound at all. All the information and details pointed to the same direction, that is, to short the British pound.

There has never been a market quite like the pound.

Never.

The technical side, that is, the capital side, does not support the rise of the pound; the British economy does not support the rise of the pound. On the contrary, what the UK needs today is lower interest rates to stimulate inflation, which will have a negative effect on the price of the pound; and if the pound When they faced a crisis and needed more funds to maintain the price of the pound, they could not find any allies. Italy was finished, and Spain was finished.

Now, the Germans are almost openly saying that the pound needs to be devalued.

Is there a reason not to short the pound?

Absolutely not.

There's no reason not to be short the pound, and that means it's an undisputed victory. Druckenmiller didn't hesitate any more and walked towards Soros' office.

In the office, George Sorosto frowned and frowned. Before that, he was also reading the news from Frankfurt.

So he was in a bad mood. Schlesinger was obviously very happy to see the British pound being forced out of the European Exchange Rate Mechanism. Otherwise, he would not have said that in an interview with the media, let alone be with that oriental man Have a meal.

coincide?

Responsibility entertainment?

There are no coincidences in this world, even if it is really a social occasion, the two of them will definitely not have dinner together at this time, and they will be discovered by the media by chance.

But Schlesinger had dinner with that Easterner, which means that that Easterner is Schlesinger's more optimistic short capital, not George Soros.

hell!

Where the hell did this guy come from.

bang bang——

There was a sudden knock on the door, and George Soros' frown immediately relaxed. As the soul of Quantum Fund, he couldn't be perceived by his subordinates as impetuous and unwilling, which would make people less respectful of him .

After sorting out his emotions, and making sure that no clues would be revealed in his face and eyes, Soros responded lightly.

It was Stanley Druckenmiller, with excitement and excitement written on his face.

George. You have seen the news of Germany's return. I think it's time to gradually increase the position.

Since August, Druckenmiller has placed a $1.5 billion bet on the British pound, which he expanded to $3 billion after speaking with Robert John.

However, there is still a big gap between this and the total position size discussed by the two. You must know that the UK can use at least 40 billion US dollars of foreign exchange reserves. With such a large bonus pool, what are you waiting for if you don’t empty it all at once.

Soros listened, looking confused, and objected, That doesn't make sense.

What's the meaning?

Judging from the current news, there is almost no downside, and I can't even find any reason to be long on the British pound. Then why just gradually build positions? Why not directly increase to 15 billion US dollars?

Stanley Druckenmiller was taken aback.

At present, Quantum Fund's position in the market is 3 billion US dollars. If it is directly increased to 15 billion US dollars, it will need to increase 12 billion US dollars.

This is a very scary number.

Involuntarily, Druckenmiller's admiration for Soros increased a lot. Although he was sure he couldn't find any reason not to short the British pound, he still didn't dare to play such a big game. Soros is different, as long as he feels that this is the moment to let go, he will let go. When he is sure that he is right, there is no such thing as betting too much.

This kind of strong belief and courage, he is really far, far away.

Unfortunately, Druckenmiller didn't know that the reason for this was that Soros had received some unspeakable stimulation. An oriental face made him always feel like a thorn in his heart.

Taking the final call, Druckenmiller and Soros began selling pounds to anyone willing to buy from them.

However, there is a complete process for the short-selling mechanism.

Borrow, sell, pay back.

Only when all three conditions are met can the short sale be successfully completed.

Considering that the Bank of England is off work at this time, this is a very good node, and it can take advantage of the opportunity that the Bank of England cannot intervene in the market to have a severe impact on the pound.

After the news of Quantum Fund's crazy sale spreads, the banks that have received a large number of Quantum Fund's sales orders will remind their currency traders, which will immediately trigger a chain effect.

None of the investment bank guys are idiots, and they're bound to follow along with the tentative sell-off, and as their voice spreads out and spreads around the world, everyone will know the crash has started.

But where to borrow money has become the first problem at hand.

Fortunately, Soros has never fought an uncertain battle. During the time between London and Georgia, he has established many financial companies in London.

There is no richer institution than these guys.

Although Soros is ashamed that those guys are close to a Ponzi scheme to absorb deposits, but there is no doubt that these guys are very rich.

As Druckenmiller left to go to the trading department to contact Wall Street banking institutions, Soros picked up the postcard bag he usually kept and flipped through it.

Big Big Wolf Finance Company, Bald Qiang Finance Company, Xiong Da Investment Company.