Rebirth of the Financial Overlord

Under the sunshine of the early morning, Scott Besser, a portfolio manager who had been in London, also came to the office, and he could see the tall silhouette of his boss standing in the office. Druckenmiller was taking off his coat, and the shadow behind him was infinitely elongated.

The only voice in the office came from the phone. Soros was on the other end of the phone, and Druckenmiller was on speakerphone. The unreal Eastern European accent filled the dark room. Soros urged Druckenmiller to sell as soon as possible. Pound in hand.

Damn. Haven't contacted yet?

London, Treasury Building.

Lamont yelled at his assistants furiously. The pound fell by more than 29% in one day, which meant that every few minutes, the country would lose hundreds of millions of pounds.

Italy were lucky to be in trouble on Friday, with two days off at the weekend giving them a chance to breathe. But the UK is now in the same precarious situation, unfortunately on Wednesday.

That left Lamont with no time to negotiate the reintegration of the pound into the ERM, which would involve lengthy coordination with other European governments, which would take a lot of time, but with every passing minute, from taxpayers to traders, Mass transfers of wealth are still going on.

There are still two days until the weekend, but it is conceivable how torturous these two days will be. According to the current British exchange rate, if the pound that is constantly being sold in the market cannot be paid, the whole of Great Britain will go bankrupt.

The only way is to withdraw unilaterally from the ERM, but this requires the Prime Minister's approval.

But the result made Lamont very angry. He and his assistant kept calling the Prime Minister's office, emphasizing the urgency of the meeting, but no one answered. Can't get in touch at all.

Asshole, keep hitting me.

Due to the urgency of the situation, the assistants could only stare at the pressure brought by Lamont and call the prime minister's office again and again.

As a result, unfortunately.

No matter how the assistants called, no one answered the phone.

This is really annoying.

Fortunately, the Ministry of Finance was not too far from the prime minister's residence, so Lamont had no choice but to take the advisory group out to the Admiralty Building, a Georgian-style building, and the prime minister's temporary residence.

Meanwhile, the Admiralty Building.

Dozens of bodyguards and consultants in suits and leather shoes were running back and forth in the building, walking hurriedly with their eyes open to the left, as if they were looking for something.

Twenty minutes ago, Sir John Major was still in the office, but suddenly, he seemed to disappear out of thin air.

That's right, it just disappeared out of thin air.

After receiving Lamont's call, Sir John Major's secretary knocked on the prime minister's office and announced the news of the collapse of the pound. Not long after, Sir John Major disappeared.

Kevin. Are you sure Mr. Prime Minister has not left the building?

In the elevator room, Kevin Rosen, the security captain of the Admiralty Building, was questioned again by the cabinet members of Sir John Major. The MI6 major had to repeat the questions he had said several times before.

Gentlemen. I am very sure of this. The monitoring center has also reported that His Excellency the Prime Minister has not left the building, and his car has not moved in the parking lot.

Kevin Rosen's tone was not very good. Anyone who has been asked the same question will definitely feel very bad. Besides, although he is not responsible for the safety of Sir John Major, but now, the Prime Minister is in the Admiralty Building Suddenly disappearing without a trace is definitely a big black pot.

Bank of England, Markets and Trading.

Robin Leigh Pemberton looked like a homeless man who had just been robbed on the street, dejectedly holding a long list of statistical data.

With every passing minute huge amounts of pounds are being sold to the Bank of England, the central bank is being forced to buy a currency that is sure to depreciate soon, and Great Britain is massively diverting funds away from long suffering taxpayers To a group of global traders.

This is a very brain-dead behavior. He knows that he will lose money but keeps buying. Pemberton deeply feels that his IQ is like being pressed to the ground and constantly rubbed.

But he had to do so, because he had to do so according to the rules of the exchange rate mechanism. Now, he no longer expected the pound to leave the bottom area, and only hoped to provide Shen Jiannan and his accomplices with a little less liquidity.

Every minute and every second has become extremely long.

The feeling of being robbed, but having to move out all the family assets, and even having to borrow money from other people's homes to hand over to the robbers, is simply crushing.

The pound plummeted by 29.5% in one day, and as the news spread around the world on the phone and the Internet, many finance ministers were woken up from their dreams.

Will it bottom out if it falls too much?

NO.

It's never been like this.

Never was.

But one thing is certain, as an old European industrial power, the impact of the collapse of the British currency is absolutely huge, and its collapse has already begun, and it may be too late to stop it.

The harm caused by the economic crisis in financial history has been recorded in textbooks, and under the influence of the transmission mechanism, it will even spread to the whole world, just like World War II.

Out of various considerations, the central banks of various countries have put in great effort to closely monitor the changes in the financial market.

Of course, not all countries are worried about this tension.

Thailand, Bangkok.

Due to the time difference, it is already seven o'clock in the afternoon here.

The setting sun floats on the Andeman Sea, and the huge red sun exudes a gentle light that reflects the sea surface red, which looks extraordinarily beautiful.

But looking at the buildings in Bangkok, the huge sun seems to sink into the sea at any time.

Bangkok, Treasury Building.

The newly appointed Finance Minister Kasong and the newly appointed Bank of Thailand Governor Sonny sat together, their faces were full of unconcealable excitement. Glittering with a layer of greasy gold.

The United Kingdom is one of the core members of the European Community. The proportion of the pound in the ECU is even lower than that of Germany and France. Now, the pound has depreciated by 29% in one day, which means that the pound will be forced to withdraw European common economy.

This is undoubtedly a huge opportunity for Thailand.

The world is so big, the five Nordic countries are now struggling to extricate themselves from the economic quagmire, Eastern Europe is still licking the wounds of division, and now Southern Europe and the United Kingdom have fallen into the predicament of currency collapse.

Capital is chasing profits. If the entire European economy is in turmoil, that sense of insecurity will inevitably prompt profit-chasing capital to flee Europe.

Sonny. This is a once-in-a-lifetime opportunity for us to do something big, don't you think?

I think so too. Now the UK is like the sun on the sea is about to set. We can attract more European capital to Thailand.

Is there anything I can do with you?

When I was studying economics in the United States, I discovered that the U.S. economy is largely driven by the financial market. We can liberalize more financial controls and attract European capital to Thailand.

As he spoke, the expression on Sonny's face gradually became agitated.

If possible, I hope to speed up the construction of an offshore financial center. As long as we provide more convenient conditions, Bangkok will have the opportunity to surpass Singapore and Hong Kong and become the financial center of Asia.

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By then, we can even become the real dominant player in ASEAN.

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