NOVEL NEXT Chapter 60
Chapter 60
Sure enough, the content of the newspaper still has the content that the seven countries are looking for in the Congress.
As for the actual situation.
Just as Jiang Cheng estimated, Deguo Ganju directly rejected Yingguo’s request.
At present, everyone is still only sweeping the snow in front of the door, and the Washang Shuangguan in other countries ~ my shit.
Instead of rejecting the G7 summit’s request for a rate cut, the winning country raised the discount rate to 8.75% in July 1992.
As a result, it has caused an indescribable panic effect. The economic problems within the Eagle Country are seen by others, and even domestic experts and business elites in the UK also think that maintaining a high exchange rate is deadly. Spirit-shen can’t last anymore.
Put down the newspaper!
Soros took a look at Jiang Cheng. Jiang Cheng participated in this game. He had a hunch that this time, Jiang Cheng was going to make a lot of money.
Nowadays, the short pound’s capital has reached more than 100 billion US dollars, and a Jiang Cheng is close to one-third.
As long as the pound plummets by 10%, Jiang Cheng’s income is 2.8 billion U.S. dollars. If it plummets by 20%, it’s 5.6 billion U.S. dollars.
So much capital smashed in at one go.
Soros believes that the expression on the face of the Eagle Nation government must be very exciting.
“You can start to prepare, but for the time being, don’t start with the pound, but the silly lira!” Soros slowly pushed the newspaper in front of Jiang Cheng. ,
Jiang Cheng looked down and found that the content of the newspaper was simple. It was the Prime Minister of the Eagle State Major and the Chancellor of the Exchequer Ramon that they repeatedly reiterated that they adhere to the existing policies and that the Eagle State has the ability to keep the pound sterling in the European exchange rate. Within the system.
“I still don’t give up!”
Jiang Cheng smiled: “The country has now raised the discount rate to 8.75%. Devaluation is inevitable. Do they really think that the pound can dominate Europe and become the currency in circulation in Europe?”
“The Eagle Countryman, it has always been like this!”
Soros snorted, and couldn’t help but glance at Jiang Cheng, but he had an idea in his mind. What would be the consequences of continuing to short the British pound if he used ten times leverage at this time?
A hundred times can’t do it, ten times, Soros feels that in this situation is almost a foregone conclusion, another stroke is not a big problem.
If this increases the market value of the pound by 1%, Jiang Cheng will lose everything.
However, Soros quickly dispelled this idea.
At present, it seems that the plunge is inevitable. This is the general trend. At most, he plays a role as a seesaw. The most important thing is that the Eagle Nation government’s own strategy is problematic.(Read more @ wuxiax.com)
Otherwise, where can they find opportunities for financial brokers to short the British pound?
Jiang Cheng glanced at Soros. He didn’t trust this guy. This guy will be upset in the future. Now the pound sterling is just an appetizer. The Asian financial crisis of 1997 is the hard dish.
Now, it’s just the first pot of gold.
After that, Soros and Jiang Cheng immediately began to sell the British pound, and their slight hands on this immediately caused a fierce reaction in the foreign exchange market.
The market sentiment changed. In the foreign exchange market, there was a wave of selling British pounds and lira to snap up the mark. The exchange rate of the British pound to the mark dropped from 2.85 all the way to 2.85 and then fell from 2.85 to 2.7964.
In less than two days, it has fallen by 3%.
The Bank of England urgently ordered the purchase of 3.3 billion pounds to stabilize the exchange rate. The Bank of England succeeded in playing the power of Great Britain’s Poseidon needle.
However, it is just an appetizer for both Jiang Cheng and Soros.
Jiang Cheng and Soros also understood very well, and directly smashed with the Yingguo people, obviously this is looking for death.
Whenever we do anything, we must first unite all the forces that can be united, and gain support from the people who don’t know the situation.
Afterwards, Jiang Cheng qualified Soros quickly and fought a blitz in the financial market. First of all, in a small Nordic country-Finland, after the country raised interest rates, the vast majority of Finns took the Finnish mark. Replaced with the German mark.
As time goes by every minute, Jiang Cheng also pays attention to the exchange rate market all the time.
In September, the exchange rate of the Finnish mark to the Deutsche mark continued to fall. According to the linked exchange rate rules of European countries, in order to maintain a rigid exchange rate, the Bank of Finland sold a large number of the national mark to buy the Finnish mark.
However, both Jiang Cheng and Soros have already determined that Finland is cannon fodder.
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As a cannon fodder, don’t expect to hold on.
Finland could not hold on. On September 8, the Finnish mark plummeted, and then the Finnish government announced that it had decoupled from the national mark.
The Finn who changed the mark with oil on his feet succeeded in saving himself.
However, at this moment, the major European governments felt that something was wrong, and the Eagles and the Americans suggested to the government to lower interest rates.
But the Germans once again refused. In their view, the decoupling of the Finnish mark is trivial. The Governor of the German Central Bank Schlesinger even publicly announced on September 11 that the Germans would not lower interest rates.
From the outside world, this means that the winning country has given up its allies and does not take the allies around him seriously. For a while, the fear of the pound sterling in the market has become more intense.
….. …….. …….
The pound plunged again by 1% in less than two days.
This is still the government of the Eagle Nation pulling desperately behind it, otherwise, I really don’t know how far it will fall.
It was the connivance of Deguo that led the market to believe that the linked exchange rate system was in serious trouble, and that the powerful Deguo did not seem to be interested in getting out of business.
If the country does not take action, it is natural to let a group of financial predators understand that they can do whatever they want.
And Soros, the big shark seemed to smell blood, and led speculators from all walks of life to swarm with red eyes!
On September 12, Soros attacked Lilira.
It’s not only that it’s impossible to fight, the exchange rate is also a soft mess. Within a day, it drops 7 points, which is close to the lower limit of the linked exchange rate of European countries. It is different from Finland. It is a well-known economic power in southern Europe. Lee’s lira plummeted and shook the world.
Jiang Cheng took a look at the pound and received the impact of the Italian lira’s plunge. Now the pound is about to be unable to hold it. At this moment, the depreciation of the pound has reached 5%.
However, this is not the limit. Jiang Cheng knew very well that the day of the decisive battle was September 15th, and everything collapsed extremely fast.
The Eagle Country guy is about to surrender and surrender.
At this time, if the government of the winning country does not take action, the European currency system will be able to disintegrate directly for you.
The people of Germany began to take action. Righteousness.
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