Rebirth of the Tech Madman

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There is no need to hit the drum with a heavy hammer.

The meaning of the richest man is very clear. Since No. 10 Downing Street supports the Hong Kong government and uses the excuse of free market competition to abolish the cash cow of Qinhe Group - Hong Kong Telecom, the operation of Qinhe strategy in the London financial market is also Follow the rules of the game - if you can't play it, don't make ridiculous excuses.

With his current status and status, Tang Huan could not express his opinion at will. The chain reaction triggered by Gein is difficult to control.

Just like in the original time and space, after George Soros successfully sniped the British pound and became famous, if he makes another move, the investors who get the news will definitely flock to it. Special forces; or the big V of social media in the Internet age, casually spit out complaints and solicit donations, even if they hide tricks, there are still a lot of people who respond.

This is influence.

At present, the British capital market is in a dangerous period. As a result, the underwhelming British media went to tease the richest man who came to inspect the industry. Although he did get his wish and created a gimmick, he also exposed a truth——Tang Huan, who was behind Qinhe's strategy. Bullish on the pound, the reason is its own computer financial model analysis.

In this way, the problem becomes bigger.

As we all know, Tang IT's computer financial model, in 1987 when Black Monday occurred, successfully shorted and earned 800 million U.S. dollars, which is more than that of the current junk bond king who has been jailed--Michael Milken, who operated The 550 million US dollars that came out was a lot higher, and it shocked everyone, triggering a rush to buy the Fangyuan server and even the Fangyuan supercomputer system in the business community.

Well now, Tang IT's computer financial model has also told the fate of Britain, and it is likely to stimulate speculative capital to become more crazy.

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For this reason, the daily press briefing at 10 Downing Street was temporarily added on the evening of Sunday, September 13. The official spokesman of the British Prime Minister explained that the exchange rate of the British pound is hovering around the lowest level allowed by the European Exchange Rate Mechanism. .

As for the content, it is nothing more than confidently defending the British pound, and the dignified British Prime Minister and Chancellor of the Exchequer are also qualified to not show up, and let the little guy read the manuscript in front of the stage.

Just like the hedge funds that are making waves now, using borrowed money to attack weak European currencies, the United Kingdom announced that it has borrowed 14 billion US dollars to improve its ability to defend the pound.

In fact, the Bank of England has indeed successfully resisted the bearish pressure on the pound since August.

Based on this, British financial analysts started arguing with the media, arguing that although they borrowed the same amount of money, the Italian lira did not escape the fate of Italy, which is not comparable to the United Kingdom—Italy is just the most chaotic rich country in Europe , while the UK is a country led by a powerful Conservative Party that has changed the performance of the UK economy.

In addition, there is good news from the European continent. Italy has reached an agreement with Germany on the devaluation of the Italian lira. As part of the agreement, Deutsche Bank promised to cut interest rates by 0.25%, which is actually equivalent to raising the exchange rate of the pound in disguise.

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On Monday, September 14th, the capital market entered a working day, and the Central Bank of England also directly poured 700 million U.S. dollars to support the pound.

Because the introduction of this measure has the basis of Germany's lower interest rates, this relatively mild intervention has indeed received results, causing the exchange rate of the British pound to increase slightly.

The optimism of No. 10 Downing Street seems to be corroborated; the fairy Tang It seems to have messed up the fortune-telling this time.

Ever since, some media couldn't help but laughed and said: I don't know how much money Qinhe Strategy has used to short the British pound. If this stalemate continues every day, let alone making a fortune, I'm afraid it will be a problem to get out of the whole body. .”

When exchanging information, George Soros also asked this question seemingly unintentionally, What is the position of Qinhe Strategy?

A billion dollars.

Qinhe's strategy is to seek stability first. If the pound successfully plummets as we expect, it will probably be able to make a profit of 15% or 20%, which can be regarded as a satisfactory compensation for the loss of Xiangjiang Telecom's franchise. what about you? When the richest man asked back, he deliberately emphasized his tone, obviously emphasizing the scope of what he was referring to, including all hedge funds under the control of George Soros, not just the Quantum Fund.

$15 billion. George Soros, who loves cash, chuckled triumphantly after hearing the voice of the richest man gasping for air on the phone, No one would have thought that a hedge fund with less than 50 employees would The fighting capital that can be gathered can crush the United Kingdom, which has borrowed 14 billion US dollars to deploy its defenses.

The winner will be determined right before our eyes. Tang Huan said in a deep voice, Tomorrow is the time to go all out.

However, Germany helped the devaluation of the Italian lira and raised the exchange rate once, but it is a factor that cannot be ignored. George Soros said with hope in his tone.

The richest man did not disappoint George Soros, and immediately came up with a solution and said: Well, I will immediately arrange for CNN and mobilize the Wall Street Journal to report to Deutsche Bank President Helmut Schlesinger. interview request.

Don, you really are a good boss. George Soros admired sincerely.

On the phone, there was a tacit laughter immediately.

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The slight rise in the exchange rate of the pound on Monday encouraged No 10 Downing Street, forming an optimistic appearance that the overall situation has been settled, but in fact it further determined the fate of the pound.

The reason is very simple. The UK has exhausted all its tricks and has no new tricks. However, international speculators are still in the preliminary stages of testing, and the answer is already clear.

The biggest mistake of the UK, as well as the entire European Community, is that, until now, they have not realized that the era of a new financial order has come—the speculative capital in the market, once tacitly coordinated, is large enough to challenge any central bank .

Think about it, George Soros and Tang Huan alone have mobilized tens of billions of dollars for sniping, and then add Paul Tudor Jones, Citigroup, JPMorgan Chase, New York Chemical Bank and other players.

On Tuesday, September 15th, the UK took a head-on blow - compared to yesterday's uptrend for the pound, today it's all down. Even though the Bank of England bought hundreds of millions of British pounds, the closing price of the day fell to 2.7782 Deutsche marks for 1 British coin, which was only 0.0002 higher than the lower limit stipulated by the European Exchange Rate Mechanism - 1 British coin for 2.7780 German marks. Deutsche Mark.

The British Chancellor of the Exchequer, Norman Lamont, who had been leisurely and leisurely, suddenly panicked. When the Spanish Chancellor of the Exchequer called to ask how the situation was going, he could only answer It's terrible, and then he was in a hurry. He held a meeting with the convened British financial officials and Robin Leigh Pemberton, governor of the Central Bank of England.

There is nothing new in this overnight meeting. It is nothing more than a unanimous approval to actively support the pound starting tomorrow morning; if it still fails, it will consider raising interest rates.

When the exhausted crowd was about to leave the meeting, Robin Leigh Pemberton received a message from his press office, and read it out to the crowd with a solemn face.

Deutsche Bank President Helmut Schlesinger was interviewed by CNN, The Wall Street Journal and Handelsblatt, a local German financial newspaper.

According to media reports of the speech, the head of the German central bank believes that a broad adjustment of European currencies would be better than a separate adjustment of the Italian lira.

Before Robin Leigh Pemberton had finished reading, Norman Lamont's head was pounding.

Gein, this speech by Helmut Schlesinger is tantamount to calling for a devaluation of the pound.

You know, the public statement made by the loser last Tuesday led to the attack on the Italian lira, which finally failed to hold up and collapsed three days later; now, only seven days later, the Germans began to attack the United Kingdom.

This is to force people to die!

Norman Lamont shook his head, finally came to his senses, then became furious, slapped the table again and roared—Call Helmut Schlesinger quickly, I want an explanation.

Robin Leigh Pemberton successfully contacted the president of the German central bank, but the other party replied unhurriedly——I have one condition for accepting this media interview, that is, he can review How the media reports what it says, it just hasn't had time to do so until now.

In other words, Helmut Schlesinger did not take these media reports seriously—the media rushed to release them before he had confirmed them himself, which was no better than fake news .

Norman Lamont pointed out with fire-breathing eyes and said: Go to the phone again, I seriously protest Helmut Schlesinger's inattentiveness, his attitude has been released in the news, the deal between New York and Asia Shang will react tomorrow, and Helmut Schlesinger must issue a veto quickly.

Robin Leigh Pemberton went to call again, but the president of the Central Bank of Germany on the opposite side still insisted that we will talk about it tomorrow.

Norman Lamont, who almost spurted blood, had no choice but to end today's work. He has foreseen that tomorrow will be very sad!

...

On Wednesday, September 16, the British financial markets ushered in the most violent storm.

In response to Chancellor of the Exchequer Norman Lamont's authorization plan last night, the Bank of England intervened twice before 8:30am, buying 300 million pounds each time, but the pound exchange rate remained unchanged. and did not return to the expected permissible fluctuation range.

Instead, it was as if a spark had landed on a haystack, and the situation got out of hand—two billion-dollar orders soon flooded the market.

Under rules under the European Exchange Rate Mechanism, the Bank of England cannot refuse to accept a sale of sterling at 2.7780 Deutschmark during London trading hours because that is the lowest level the exchange rate is allowed to fluctuate.

So the BoE continued to intervene, completely unaware of how outnumbered it was.

At 8:40, the Central Bank of England has purchased 1 billion pounds, but the exchange rate of the pound is still not moving.

Norman Lamont hurriedly called to tell British Prime Minister John Major that the Central Bank of England had failed to intervene and Britain would have to raise interest rates to protect the pound.

The European Exchange Rate Mechanism was established in 1979, and the United Kingdom did not decide to join it until 1990, the result of this transformation. Belonging to John Major.

If the relevant policies are seen as a failure, then the British Prime Minister will lose his prestige and the time to step down is not far away.

Based on such considerations of political interests, John Major can answer Norman Lamont with his ass - refusing to raise interest rates.

Of course, John Major also gave his own reasons—new economic data will come out later today, and by then, the market that has been actively stimulated may calm down. So, fellow daoist, you have to persevere!

In this case, the Bank of England continues to buy sterling.

Every hour that passes, the other side of the war, hedge funds and banks, sell more pounds, while the BoE has no choice but to buy a currency that is sure to lose its value soon.

At 10:30, Norman Lamont couldn't take it anymore, and called John Major again, urging him to raise the interest rate. Fortunately, the other party finally agreed.

At 11 o'clock, the pound interest rate was raised sharply from 10% to 12%.

Norman Lamont walked out of the Treasury office and looked at the Reuters screen outside. There was still no reaction to the pound exchange rate—that flat line on the screen. It made him feel like a doctor looking at a heart rate monitor and the patient was dead and all that was left to do was unplug the device.

At this moment, Norman Lamont finally realized how lucky Italy is that the mud cannot support the wall.

When the Italian lira collapsed on Friday, it had two days to start negotiations with Germany on currency devaluation; but now it is Wednesday, and Britain has no similar breathing room to negotiate exchange rate coordination with European countries.

You know, judging from the current situation, every minute that passes, the UK may lose hundreds of millions of pounds.

There is only one road ahead for Norman Lamont, which is to deny the achievements of the current Conservative~party~government~unilaterally withdraw from the European Exchange Rate Mechanism.

However, the decision needs to be approved by the Prime Minister of the United Kingdom, which cannot be communicated by phone alone.

But what drove Norman Lamont crazy was that he and his staff kept calling the British Prime Minister's office to emphasize the urgency of the meeting, but they couldn't find John Major himself.