NOVEL NEXT Chapter 58
Chapter 58
Jiang Cheng really knows the urinary sex of Brilliance Automobile.
After taking the money, leave quickly.
I would like to thank the previous U.S. President Li Gen for his strategy of small government. Taxation requirements are not high. The 200 million US dollars pays a little tax, and the rest is close to 180 million.
In addition, plus his 100 million US dollars in Hong Kong.
At present, Jiang Cheng still has at least 280 million US dollars in his hands.
Although it is a lot less than the US$3 billion in the peak period last year, for Jiang Cheng, it is definitely not a problem to transfer another US$3 billion this year.
After cashing out, Jiang Cheng gathered all the U.S. dollars and didn’t know Europe directly.
And Jiang Cheng did not return to China directly, but went straight to Europe.
The next step is to short the British pound.
It’s been these few months.
On October 5, 1990, Eagle Country announced its accession to the European Monetary System.
It is announced that the upper limit of the exchange rate of the British pound to the mark is 3.1320 mark, the lower limit is 2.7780 mark, and the central exchange rate is 2.95 mark, with a fluctuation of about 6%.
That night, the Minister of Finance of the European Community issued a welcoming statement, stating that the Eagles have entered a new era and will have a great revival from then on.
In the final analysis, this is a competition between Yingguo people and Deguo people.
Competition, who is the dominant European currency.
Yingguo people are confident that they have a chance to win, but unfortunately, this in itself is a wrong start.
All because the exchange rate of the British pound at this time has been overvalued.
At the economic level, the Eagle Country is now on the verge of recession, and inflation has soared.
From the beginning of two years ago to before joining the European Monetary System in September 1990, the CPI rose from 5% to 8%. High interest rates seemed ineffective for high inflation, but increased the risk of economic recession.
Therefore, we are caught in a dilemma. Maintaining high interest rates is inevitable. The Great Depression is inevitable, and interest rate cuts and inflation cannot be tolerated. Eagle countries urgently need to cut interest rates and release water to stimulate the economy, but they are worried that the resulting pound depreciation and capital outflow will trigger financial and economic crises.
Therefore, they hope to rely on external forces, so they choose to join the exchange rate mechanism of the European monetary system to stabilize the pound exchange rate and control inflation. After joining the European Monetary System, Eagle Country immediately announced a 1% rate cut.
But where is a one-percent cut in interest rates enough?
The economic weakness at this time made it impossible for the pound to maintain an overvalued exchange rate.
However, because of joining the European currency system, the pound must be pegged to the mark, and there is a lower limit, so it can only float within the limits of the exchange rate mechanism, and is tied up.
It is in a dilemma. If the value of the pound depreciates, it is very likely to exceed the lower limit of the exchange rate, then it will break away from the European monetary system, declare the failure of the Eagle Country’s foreign exchange policy, and the government will greatly lose the hearts of the people.
If the pound does not depreciate, the exchange rate is overvalued, and capital is voted with their feet, foreign exchange reserves will continue to lose blood, and the consequences will be very serious.
This is also Soros’s battle of fame.
It is said that this time, Soros’ Quantum Fund made at least tens of billions of dollars.
Soros also became famous in the first world war.
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Short the pound!
Of course Jiang Cheng wants to participate in it. As long as this wave is made, at least three billion US dollars in his own hands are absolutely safe and there is no problem.
It was just July when I came to Europe.
Everything is calm.
Jiang Cheng came to the Eagle Country Chase Bank calmly.
This Chase Bank was opened by a U.S. citizen.
Jiang Cheng’s 280 million US dollars also exists in Chase Bank.
At the same time, Chase Securities can also leverage itself.
Afterwards, Jiang Cheng directly found the Chase Bank that the United States had placed in Eagle Country, and found a one-hundred-fold leverage.
280 million U.S. dollars, with 100 times leverage, it is 28 billion.
General banks really can’t do it, and they can’t do it, that is, Chase Bank. In the future, Chase Bank and JP Morgan will merge together to become the super investment bank JP Morgan Chase with a trillion dollars in control.
This handwriting really shocked the branch manager of Chase Bank in Lunhui.
28 billion U.S. dollars.
The managers of Chase Bank couldn’t help but swallowed their saliva severely.
One hundred times leverage, at least 1% appreciation of the British pound, Jiang Cheng’s 280 million US dollars is equivalent to all gone.
However, if the pound depreciates by one percent.
Jiang Cheng must make at least 280 million.
Afterwards, Jiang Cheng started looking for his own partners.
And soon, Jiang Cheng also found his own partner-Quantum Fund.
Today’s Quantum Fund is still not so easy to be heard.
The battle for the pound sterling was when he became famous.
“Mr. Soros, nice to meet you 〃 “!”
Jiang Cheng looked up and down Soros, and Soros also squinted Jiang Cheng. His eyes were very vicious, like a poisonous snake.
And Soros also felt Jiang Cheng’s boldness.
One hundred times leverage.
As long as a slight increase of 1%, Jiang Cheng will have nothing, but this guy Jiang Cheng is calm and relaxed.
Just throw a lot of money and bet everything you have?
Jiang Cheng also considered the Quantum Fund.
In fact, now the Quantum Fund has begun to act.
The Quantum Fund has almost invested a large amount of capital into a large amount of weak currencies such as the pound sterling and the Italian lira.
Then wait for the fluctuations in market sentiment. As soon as the time is up, the bearish pound sentiment will be amplified and fueled. When the market sentiment reaches its peak, a large number of weak European currencies will be sold quickly to make a profit.
Jiang Cheng is very confident. Even if Soros wants to cheat himself, it is almost impossible.
Quantum Fund is almost invested.
If the pound goes up.
Soros must be at a loss.
“｀” Jiang Cheng, your courage is much greater than I thought! ”
Soros smiled slightly, he was just a little curious, where did Jiang Cheng get such courage? (Li Qianhao) However, he likes courageous people.
The more greedy people are, their handwriting is also quite large.
In the negotiations between Jiang Cheng and Soros, 10% of Jiang Cheng’s profits will be given to Soros, and as a quantum fund, they need to provide channels for Jiang Cheng to continue buying pounds.
Then, Jiang Cheng’s own bond company will operate in accordance with Jiang Cheng’s requirements, and in a period of outbreak, it will sell the pound severely.
The pound has depreciated by 20% in history.
If the operation is successful, Jiang Cheng can make a net profit of at least 5.6 billion U.S. dollars. Of course, of the 5.6 billion U.S. dollars, 100 million Jiang Cheng will be given to Soros, and 100 million Jiang Cheng will be given to Chase Bank.
The two are relatively ruthless in drawing Chengdu.
However, the advantage is that the credibility is extremely high, and there is no need to worry about them hacking their own money.
There is still credibility.
If this is not credible, Jiang Cheng would not dare to play with them like this. .
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