Rebirth of the Financial Overlord
Chapter 525: Britain Being Pressed and Rubbed on the Ground
Marx said: The economic base determines the superstructure.
Under the uncontrolled free fall of the pound, crimes in Great Britain have increased exponentially within three days, and at least three people will be killed almost every hour.
Suicide, homicide, and gang fights have plunged the entire society into serious turmoil.
This is a reasonable and unreasonable result, but for the British cabinet government, it is an unacceptable result.
The free fall of the pound has made many people bankrupt and homeless. The demonstrations on the streets are about to turn into violent actions. Major himself and the Chancellor of the Exchequer, Norman Lamont, have also been unanimously questioned by the public and the media. Some media even directly named the Major government's policy of promoting the UK's entry into the European Community as a traitorous act.
He's the biggest short in the market, and I suggest calling him in for a talk would help the situation.
Emma, you're crazy, don't you know that that damn bastard might be an oriental? It's absolutely not allowed.
What about the Orientals? John, don't you see what kind of crisis this country is facing? I beg you to go to the streets and see, every minute, someone is dying of poverty, and if it continues, is it The result you want to see?
This is all the work of that bloody bastard, without him, the pound would never have fallen to this point.
Then do you know how much is the current social public annuity? We can't even last for more than three months. How many people do you think will face homelessness in these three months?
.
Conference Hall on the top floor of the Admiralty Building.
Affected by the recent economic chaos and the drastic changes in social security, a cabinet meeting was urgently held under the auspices of Prime Minister John May.
But John Hancock, the secretary of state and head of the Privy Council, was at odds with Emma Rudd, the secretary of state for work and pensions and women and equality, when it came to how to resolve the predicament.
As Minister of Employment and Pensions, Emma Rudd is well aware of the serious problems this country is facing. The employment rate is falling, the number of people receiving unemployment benefits is rising, and social pension funds are also declining. If the immediate problem cannot be solved as soon as possible, there will soon be a gap in the social public annuity.
This is a very tricky question.
Once the social pension reaches the point where it cannot make ends meet or even be unable to pay, no one can imagine that it will be a disaster, and even millions of people will die because of it.
In order to find a solution to the problem, Emma Ladd specially visited the most capable and most foresighted economic and financial scientist, Pound Brooke.
The former Bank of England executive, who had long anticipated that the Bank of England was doing useless work, was moved by Emma Ladd's sincerity.
He believes that the root of all problems lies in the falling price of the pound, which seems to be in free fall.
As long as the value of the pound can be stabilized, the capital fleeing from the UK will gradually calm down, and with a series of steady reform measures, I believe the country will soon overcome this crisis.
And if you want to stabilize the free-floating currency value of the pound, you can try to make peace with the biggest short on the pound.
This is a very irritating and embarrassing proposition.
At least, that is the case for John Hancock, Secretary of State and Speaker of the Privy Council.
According to MI5's intelligence, the biggest short-seller on the pound is Shen Jiannan, the bastard who has been short on the pound before. His Geman Investment, Kamandi and Capital One hold at least one-fifth of the market's shares. short position.
This is the guy who broke the pound, but now, someone actually asked the Prime Minister to negotiate with this bloody bastard.
The prime minister represents this country, how can the honor of Great Britain bow to a bastard who is suspected to be a Chinese.
This is absolutely not possible.
boom--
John Hancock was furious at Emma Ladd, he slapped the table and stood up.
Your Excellency Ladd, I absolutely disagree with your suggestion. Doing so will only bring shame to Great Britain.
boom--
Although she is a woman, Emma Ladd's temper is not too small, she stood up and patted the table not to be outdone.
Mr. Hancock, if you have a better proposal, I support your idea, but if you can't come up with a better solution, then please shut up.
you
Hancock stared, and you didn't know how to answer a word.
The Bank of England has done everything it can to keep the price of the pound, so what can he do.
Your Excellency Lamont, is there no other way for your Ministry of Finance?
.
Your mother approved Hancock.
The old god is being a melon-eating crowd watching Norman Lamont almost scolding his mother, but the good-looking Hancock drew the fire on him. Isn't this a lie.
He has already taken the blame enough, and now he still wants to take the blame.
Sure enough, Emma Ladd, who never gave in to a man, averted her eyes all of a sudden.
Your Excellency Lamont, Mr. Pound Brook has reminded you before that it is more in the interests of Great Britain to withdraw from the exchange rate mechanism than to stay in the European Community.
Why did you veto his suggestion?
If the Bank of England hadn't used up all its foreign exchange reserves, we wouldn't have faced such a crisis at all.
With the Bank of England draining all its reserves and borrowing £7 billion from the IMF, the pound was still forced out of the ERM and plunged into free fall.
And if, at that time, it directly withdraws from the European Community, based on the size of the Bank of England's foreign exchange reserves, even if the interest rate is lowered, it can completely control the decline of the pound.
This is a very unreasonable logic.
Who would have thought that things would come to this point.
But losers have no right to speak, life is like this, politics is even more so.
The result is to prove the root of everything, the reason and process are not that important at all.
Lamont's face was flushed by Emma Ladd's words, but he couldn't refute a word, so he could only blushed and glanced at John Major opposite.
Major's condition was not very good. The media and the public continued to accuse him of wrong political strategies. Competitors also took advantage of this to attack him continuously. The bad situation prevented him from taking a good rest for three days.
But now, damn Lamont actually set the fire on him again.
Dog day bastard, you wait for me.
Taking an annoyed look at Norman Lamont, who was throwing the blame, Major wisely sided with Emma Ladd.
I agree with Lord Ladd's suggestion, but the question is, will he talk to us?
.
This is a very serious question.
After all, John Major represented the whole of Great Britain, and Shen Jiannan was the biggest seller in the pound market, the bastard who brought down the Bank of England and rubbed Great Britain's reputation to the ground.
If John Major, the prime minister of a country, extended an invitation to the bastard who sniped the British pound, it would mean a shame in itself, and if it was rejected again, if word spread, the whole of Great Britain would be greatly humiliated.
God, you know, the British Prime Minister wanted to find a devil to beg for mercy, but the devil didn't agree.
Such arguments are absolutely unacceptable to Great Britain.
The huge conference room fell into a brief silence. It was a matter of royal family honor and national dignity, and it must not be sloppy at all.
But it’s okay not to talk about it.
The British pound positions held by Kamandy, German and Capital One accounted for a full one-fifth of the market's selling positions. Under the effect, the price of the British pound will definitely rebound quickly.
Everyone present widened their eyes, you looked at me, I looked at you, and for a moment didn't know what to say.
Talking about the risk of losing dignity and face, but not talking about it is impossible.
Suddenly, Norman Lamont felt that the atmosphere in the arena became a little weird. At some point, a pair of eyes were fixed on him.
I suggest that Lord Lamont try to negotiate with that bastard first.
...
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