Rebirth of the Financial Overlord
Chapter 497: Pitfalls Everywhere
The call was from George Soros.
Under rules under the exchange rate mechanism, the Bank of England has to accept selling pounds at 2.7780 Deutschmark, the lowest level allowed in the range, but only during London trading hours.
Now is the time for the UK to rest, and there is no easier time to attack the pound than this time.
Of course, he didn't know that someone on the other end of the phone was calling him an idiot, and when the call was connected, he greeted the old carrot with a smile.
Mr. John. Hello, I'm George Soros.
George Soros?
Holding the phone, Robert John was startled. He has been in the financial industry for 20 years. How could he not know the famous George Soros? , Old Luobotou hurriedly covered the receiver of the phone and picked up the phone with Shen Jiannan.
Boss, here comes a big fat sheep, it's George Soros.
Big Sheep!
Shen Jiannan couldn't help laughing. If George Soros heard that he was called a fat sheep, he didn't know how he would feel.
Very well. You talk to him. I think he must have come to borrow money.
Luobotou was also very clear about this point, and with the approval of Shen Jiannan, he raised his hands and began to chat enthusiastically with Soros.
Oh. Mr. Soros, hello. Long time no see. I don't know how you are recently.
It's a great honor that Mr. John still remembers me. I have a big business to talk to you. I don't know if you are interested.
How dare John forget the name of Mr. Soros. It must be very interesting to discuss business with a big man like you.
Oh. Thank you, Mr. John, for your trust. That's it. I need to borrow a billion dollars worth of pounds from your finance company. I wonder if you can help me.
My God. This is really a big business. However, there have been a lot of people borrowing money recently, and the interest rate may be higher than usual. As you know, our funds are all borrowed from banks, and there are also large Part of the funds need to give investors a high return, I hope you can understand.
Interest?
What a problem.
According to Robert John's calculations, the pound will depreciate by at least 15%. With such a large space, what interest is there to worry about?
Of course, I understand your difficulties very well. As long as the interest rate is within the acceptable range of the market, it is not a problem.
Thank you Mr. Soros for your understanding.
.
The assets held by the Quantum Fund naturally have no shortage of collateral. Soon, Robert John and George Soros discussed borrowing money and mortgages.
Quantum Fund uses the 200 million pound interest rate futures position assets it holds to lend sterling worth one billion U.S. dollars to Slow Yangyang Investment Company at a daily interest rate of three thousandths.
This is a very high interest rate. The daily interest rate is 4 per thousand, and the monthly interest rate is 9%. However, considering that the current benchmark interest rates in various countries are very high, and the borrowing of funds in the form of leverage, Soros calculated in his mind how long the Bank of England could last, and agreed to this request.
Thank you, Mr. Soros, for taking care of my business. I hope we can have a happy cooperation.
Good night. Goodbye.
goodbye!
After hanging up the phone, the old Luobotou quickly started talking with Shen Jiannan, but before they had a few words, another portable phone rang.
Boss. I feel that the guy is still calling. What should I do?
Is there anyone else around you? Deal with it first, and go back to the company right away.
Lucy. It's up to you. Whoever it is, just say your boss is taking a shower and reply right away.
Lucy Baden-Powell nodded knowingly, followed Robert's instructions, took a deep breath, and picked up the phone.
Hello. Hello, this is Bald Qiang Financial Company.
Hello. I'm George Soros. I need to talk to your boss, Mr. William Carter. Does he have time now?
Oh. Just a second, the boss is in the shower. I'll have him call you back as soon as possible.
Okay, thanks! I'll call back later.
In the Quantum Fund office, George Soros hung up the phone and walked towards Stanley Druckenmiller's office.
The two of them estimated that the Bank of England's foreign exchange reserves that can be used in the end will be about 40 billion US dollars. Now Quantum Fund has a position size of 3 billion US dollars. Major fund companies and some banking institutions will definitely take the opportunity Sell it, borrow too much money and it will be bad if you can't sell it.
Once the pound is forced beyond the range it is allowed to fluctuate, it becomes almost impossible to find buyers for the currency.
Chief Fund Management Office, Stanley Druckenmiller was on the phone with a president of Bank of America. Usually, he and Soros would hand over the position collection to the traders to execute the orders, but this time they did it themselves Call, find out the bank that agrees to do business with them, and transfer funds of tens of billions of dollars, you can't be careless.
Stanley. How did it go with them?
Bank of America and JP Morgan have agreed to lend us three billion dollars in sterling.
Very good. A financial company in London also promised to lend us a billion dollars in pounds. Now, I will contact another one.
.
Rome, Italy.
Shen Jiannan was like a wolf that had been injected with chicken blood, his eyes were glowing, and Michiko Anhui, who had just come out of the shower, was trembling with fright, her little face was full of fear.
Every time, as long as Shen Jiannan's eyes showed this kind of gloomy light, he was as tireless as a robot, it was really scary.
Akiyama sauce!
Michiko Yasuhime blushed and shouted timidly, the eyelashes on her big eyes fluttered, and her water-stained skin and hair were like lotus flowers, which made me pitiful but full of temptation.
Shen Jiannan's heart, which had been beating violently all this time, started beating wildly.
In order not to attract the attention of capital from all sides, in order to seize this opportunity to destroy the Bank of England, and in order not to cause the market to go beyond the original range, they borrowed pounds, bought British government bonds, and mortgaged US dollars to buy U.S. treasury bonds. Mortgage against British Pounds.
Going back and forth like this, the size of the position held by Capital One has already reached an unbelievable level.
After months of calculations, it was finally time to close the net. Even Shen Jiannan couldn't restrain himself from that shocking number.
You know, the Bank of England is recognized as the most powerful bank in the world.
Michiko.
Looking at Michiko Anhui passionately, Shen Jiannan picked her up, held her in his arms and walked towards the balcony.
Such a beautiful day, only the moonlight can make people calm.
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