Rebirth of the Financial Overlord

What's more, the French francs in the market have been sold out, and the French dare not lend us money.

Italy is too poor to get rid of the pot.

Spain

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After discussing for a long time, the think tanks and cabinet members of the Prime Minister's Office did not discuss one, two, three. Italy and Spain are now clean, and they don't know who they want to borrow money from.

The largest Japanese public offering fund is shorting the British pound. Going to borrow money from them is equivalent to being slapped in the face; the British-French relationship is where it is. Now if you go to the French to borrow money, you will only be humiliated and absolutely unable to borrow money. money.

The United States, First International Capital and Quantum Fund, as well as Jewish consortiums and many Wall Street funds are all attacking the British pound. Behind them are the shadows of Americans. Going to them for a loan is tantamount to directly sticking your head in and being chopped off.

As for Germany, the strongest in Europe, Schlesinger's attitude has long made it clear that he wants to kick them out and borrow money, not to humiliate himself.

Is the British Empire shameless?

This result made Norman Lamont silent.

Although no one accused him of the knock-on effects of shorting the lira, but now these guys simply don’t want to take responsibility. The IMF’s money is there, and this kind of selective blindness is simply not other reasons.

We can borrow money from the IMF.

Oh. Why didn't I think of that.

My God. You're so smart, Norman.

I agree with Mr. Lamont's proposal. It is the most sensible choice to borrow money from the IMF at this time.

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There was never a moment when Lamont found the word clever to be a curse.

In the end, Sister Mei couldn't stand it anymore. As the prime minister, at this time, she must take the responsibility that the prime minister should have.

Norman. I believe that the IMF will agree to our request. Then you can deal with this matter. Is there anything else?

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Mahathir.

Malaysia's central bank is ambitious

At this time, Bank Negara Malaysia.

Governor Hassia Mohamed presided over a meeting of the highest level. In addition to Deputy Governor Lin Xiyan, there were also directors of the foreign exchange department An Zhengyi, directors of the trading department Lin Sen, and directors of the investment department Steven King.

Everyone, I think this is a huge opportunity. The Bank of England cannot watch the pound continue to fall. They will definitely try their best to save the pound from staying in the European Community.

We can take the opportunity to make a fortune and kill those international shorts.

Hassia said excitedly and ambitiously.

Since 1989, Malaysia's central bank has become very active in global foreign exchange transactions, mainly to stabilize the national currency ringgit.

Reuters even once said in a report that Bank Negara Malaysia was the dominant force in the forex trading arena for several years.

In 1991, Reuters again wrote this description:

In the past two years, the Malaysian central bank has continuously increased its trading volume. This year, its transaction scale has been recognized by the industry as a 'super-large trading volume'. Usually, the Malaysian central bank trades 50 million US dollars per lot, while the market average is 500 US dollars per lot. $10,000 - $10 million.

In Europe and New York, Bank Negara Malaysia may be dealing with six major banks each.

One trader said Bank Negara Malaysia's only rival should be a large Japanese fund.

The difference is that these large Japanese funds enter the market at most once or twice a year, while the Malaysian central bank trades hundreds of millions of dollars every day.

By 1992, Malaysia's central bank's maximum risk exposure in the foreign exchange market had reached 150 billion gilts, about 70 billion U.S. dollars, which was 1.5 times the country's GDP and more than five times the country's foreign exchange reserves!

The huge trading volume has made a lot of profits for the central bank.

Therefore, with the increasing transaction volume and more and more money earned, the Bank of Malaysia no longer focuses on stabilizing the exchange rate, but continues to impact the fragile foreign exchange market with ultra-high transaction volume, causing exchange rate fluctuations to be self-defeating. profit.

The few people present were all experienced bank managers. The central bank has been very smooth in the previous three years of transactions and made a lot of money.

So, after listening to Hasia's words, everyone geared up and prepared to fight hard.

Steven King said: Currently the biggest seller of sterling is Capital One, but the Bank of England has several cards in its hands.

Hong Kong is the financial center of Asia, and the British can withdraw at least 20 billion U.S. dollars from Hong Kong. Although the Germans have always wanted to give the British a little color, the United Kingdom is after all one of the largest countries in the European Community. Now The lira is finished, and the Germans will definitely help Britain, whether it is for the purpose of European monetary integration or to stabilize the confidence of other member states.

In addition, the Bank of England can also ask the IMF to use special borrowing power, and at least it can borrow 15 billion pounds, nearly 30 billion U.S. dollars.

An Zhengyi heard his blood boil, stood up excitedly and said: And there are many countries that have good relations with the UK, and Australia has a developed economy. If they also help the Bank of England, the pound will definitely win a big victory and kill all short sellers.

The relationship between Australia and the United Kingdom is well known.

As a British overseas colony, Britain finally gave Australia a chance for peaceful independence, but it still belongs to the Commonwealth of Nations.

Australia is the world's largest mining exporter.

The annual export of iron ore reaches 400 million tons, almost monopolizing 66% of the world's iron ore export volume. Four of the world's five largest iron ore mining giants are in Australia: BHP, Rio Tinto, Billiton and Fortescue Metal Group.

These companies earn foreign exchange every year by exporting iron ore.

Moreover, Australia's coking coal exports account for 50% of the world, earning tens of billions of dollars every year.

Not only that, except for iron ore and coking coal, Australia's natural gas exports surpass Qatar, ranking first in the world.

The total annual gold production is more than 300 tons, ranking first in the world.

It exports more than 60 million tons of thermal coal every year, ranking first in the world.

The export of lithium ore and uranium mine ranks first in the world.

Rare earth reserves and production rank second in the world.

The total export volume of refined copper is the third in the world, only below Chile and Peru.

The annual export of lithium and uranium mines ranks first in the world.

There are also rare earths and beef, the total export volume of which is the first in the world.

As a small country with a population of only 18 million, but with a land area of ​​7.69 million square kilometers and a huge country of 17 million square kilometers, Australia is simply the luckiest country on earth.

If Australia can help the UK, there will be absolutely no problem with the pound.

The Bank of England can also raise interest rates to snipe short selling, and then there is no hope for short sellers to come back.

After discussing with several people, everyone was very excited and excited. Originally, the UK had a great chance of winning. In addition, the Bank of Malaysia also stepped in to help. Doing long sterling is simply a steady profit.

Then how much money do we use?

Lin Xiyan, the vice president, was equally excited that he could encounter such a historic opportunity in his lifetime. As long as he seized it, there would be endless wealth waiting for him.

Hassia blushed slightly, and asked Steve King, How much money can we use now?

Sixty billion gilts.

60 billion gilts, which is about 43 billion U.S. dollars.

Hassia felt that his blood was boiling, and said immediately: Then use them all.

Stud!

This is just crazy!

Hearing Hassia's decision, everyone present felt their legs trembling, their adrenal glands were rising rapidly, and their breathing felt like they were about to stop.

With so much money spent, if the pound appreciates by 10%, you can earn four billion dollars, and the more it appreciates, the more you will earn.

Under normal circumstances, there will be no such opportunities at all. Where is the total market volume, there are no sellers, and no matter how much money you make, you will not earn much.

It's different now, so many international investment institutions are selling pounds, and with these guys as leeks, they can reap a fortune.

Golden opportunity!

After a long time, Lin Xiyan calmed down a bit, he hesitated and said, Then should I tell the Prime Minister?

Hasia shook his head and said, It's not too late to tell him when we make money.

Hearing this, several people present tacitly did not ask questions, and returned to the office one after another to devote themselves to this unprecedented transaction of the century.

The direct feedback of a commodity price must be the variable size of funds.

The pound rallied sharply as Bank Negara Malaysia piled in large sums of money and was quickly pushed up 1.8 percent.

Hariya looked at the floating profits in the central bank's general account and his personal position profits, his face was full of ambitious excitement and excitement.

What bullshit is the first international capital.

No matter how loud it is, it is still vulnerable to absolute power.

However, this sheep is quite fat. If it weren't for these guys jumping on a large scale and attacking the British pound together, it would be impossible for Malaysia to build such a large position.

In order to thank you, I will use your money to find some beauties.

Thinking that he would see the benefits soon, and use the money to buy luxury cars, villas, yachts and planes, Hariya lit a Cuban cigar, and the mellow tobacco leaves were burning, so pleasant!

It's daytime in London, England.

Shen Jiannan watched the price of sterling on Reuters go up rapidly, and wondered where the capital would come from for such a large volume of buying.

Use the method of elimination first.

The United States is now eager for the pound to cool down, so that it can turn around and fall into its own arms. Before the pound is over, it will definitely not help the United Kingdom.

The same goes for the Germans. Schlesinger has already said that. How could the dignity of the British beg for help from Germany with a shy face.

As for France and Japan, it is also impossible to make a move.

In the whole world, only Australia and Hong Kong can spare funds to buy the British pound.

However, from a strategic point of view, Australia makes the most symbolic moves, and will definitely not kidnap itself into the chariot of the British pound. There are Americans instigated behind it.

At this time, Yu Zheng worried: Boss, with such a large amount of funds, did Hong Kong take action? These ghosts are really hateful, and they don't care about Hong Kong's life or death.

Although the Hong Kong dollar is a token of the U.S. dollar, shorting the Hong Kong dollar is equivalent to shorting the U.S. dollar, but this prerequisite is based on the issuance of Hong Kong dollars and the payment of equivalent U.S. dollars.

Now that the Administration of Foreign Exchange is buying British pounds in the Asian market, the Hong Kong government’s foreign exchange reserves have shrunk and at the same time the scale of Hong Kong dollar circulation has expanded. The Hong Kong dollar is facing the risk of depreciation just like the major European currencies under this seesaw.

Shen Jiannan said lightly: You have to endure the discomfort. If you were British, you would do the same.

I'm just disgusted. They talk about human rights, democracy and freedom, but what they do is not human affairs. Teacher, you said that we let the news out, and then took the opportunity to build a position. Can you cheat the British guys? By them If things continue like this, Hong Kong will be ruined sooner or later, so why not make a fortune and let Hong Kong people see their faces.

Do you have evidence?

There is no news from Hong Kong.

Shady methods cannot be used as evidence. We have no way of proving how much money the SAFE has invested in the market. We can only smash our teeth and swallow it.

Furthermore, although the operation of the British has touched the root of the Hong Kong dollar, as long as it is done well, the risk of the Hong Kong dollar can be suppressed for a few more years. By then, throwing this scapegoat to the domestic market will cause domestic headaches for several years.

Hearing this, Yu Zheng was half-dead with anger: Then watch the British steal the hard-earned money of Hong Kong people like this? That is the blood and sweat of hundreds of millions of people in our country working together.

As China's only maritime toll station and the only window for foreign trade, Hong Kong's current status cannot be separated from the continuous support of hundreds of millions of Chinese compatriots and the country.

As a Chinese, knowing that the hard-earned money of his compatriots was stolen and used by the British in this way, and left a hole for the country, Yu Zheng was so angry that he was full of anger.

It's just that Shen Jiannan has nothing to do about it!

Today's Hong Kong is still the Hong Kong of the British, and no one has the right to interfere with the operation of the SAFE.

And knowing that Hong Kong will return to the mainland after 1997, they must squeeze and use it again. As for the loss of foreign exchange, the Hong Kong dollar is in danger of depreciation. What does it have to do with them.

Colonization, if you don't use the squeeze now, why don't you still save it for the New Year!

the next day.

The pound continued to rise, continuing to surge by 2.3%.

Shen Jiannan felt that something was wrong. The Bank of England's operations had always been conservative and relatively mild. Even if the funds were transferred from Hong Kong, it would definitely not be so violent.

Could it be

Thinking of the incumbent president of Malaysia who criticized foreign exchange trading after his retirement, and the report that Malaysia lost 9 billion gilt from long sterling, Shen Jiannan's eyes gradually became strange.

This wave of funds must not have come from the guys from Malay.

A thought flashed through.

Malay is now the Four Little Tigers, and they seem to be quite rich, or should they be snatched away?

Yu Zheng, go and discuss with NatWest Bank. Let's pledge all the shares in Nokia and ask them to give us five times the marginal loan.

William, continue to increase the size of the position, and let me fight this wave.

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wall street.

Stanley Druckenmiller sat in front of the calculation, watched the rising pound, picked up the phone: Kevin, it's time to increase the bet, one billion? No, no, we can build a larger position size, A total of at least one hundred and one dollars.

At this time, Paul Jones also issued a short selling order.

Almost all of Wall Street was in motion.

No one thought that this unprecedented transaction would be so crazy and violent.

three days later.

The British pound fell below the lower rail of the European exchange rate mechanism and continued to fall, while the Bank of England was left with only one billion dollars.

The speculators won, and the market won.

The UK government and the central bank are finally waking up to this.

That night, Lamont held a press conference in the central courtyard of the Treasury Department.

At 7:30 p.m., in front of TV cameras from all over the world, he looked very ugly and looked in a terrible state of mind, saying that now, he has not eaten dinner.

After a long silence, he lowered his proud head and announced that Britain would withdraw from the exchange rate mechanism.

When the news spread around the world through the media, some people cheered, some were silent, and some instantly collapsed.

The Bank of England, in the previous hundred years, he was the strongest central bank in the world.

But now, he lost, and the loss was so tragic, so unbelievable.

Bank Negara Malaysia.

Hassia Muhammad watched Lamont standing under the camera announcing Britain's withdrawal from the exchange rate mechanism. His whole mind went blank, as if his blood had been pumped out of his body, and he slumped onto the chair all of a sudden.

In this unprecedented foreign exchange transaction, he had a total of 33 billion gilt longs established, the total value of which was equivalent to more than the Bank of England invested.

He was so supportive of the British pound, but the British actually surrendered themselves.

Damn it!

how so.

bump!

The office door was suddenly pushed open.

Lin Xiyan, the vice president, walked in with a pale face. Seeing Hasia's eyes glaze over, her whole body was on the verge of collapse. She opened her mouth but couldn't utter a word.

How much money we lost.

Hasia asked dumbly.

Nine billion gilts have already been lost. Lin Xiyan said in despair.

Hearing this number, Hasia didn't react at all. Nine billion, close to four billion U.S. dollars, such an astronomical number, his career and life are over.

President, what should we do now, should we notify the Prime Minister immediately. Lin Xiyan asked anxiously.

Such a large amount of money is enough to send people to hell.

Hassia suddenly came to his senses: No, don't tell him yet. At least, this matter cannot be revealed until we are not in danger.

At this moment, the screen on the TV changed and jumped to a newspaper.

A young man of Chinese descent elegantly held a red wine, with a slogan: The British pound plummeted, and I made four billion dollars.

The blatant show off made Hasia so angry that he threw the TV remote control over. The fat sheep in his eyes turned into a hungry wolf in the end and ate all the funds of Malay.

Moreover, the exchange rate of the British pound is still falling, and no one dares to buy it.

With the position held by Maybank, there is no way to close the position at all, otherwise it will suddenly become a sell, which will only make the price fall even more crazy.

Four billion dollars!

The bloody bastard.

The other party made 4 billion, but he lost 4 billion. Hasia felt that all his money had been robbed