NOVEL NEXT Chapter 61
Chapter 61
They will never allow the collapse of the European monetary system.
Subsequently, the Central Bank of Germany officially announced on September 14 that the discount rate was reduced by half a percentage point, from 8.75% to 8.25%.
The move to win the country was welcomed by Eagles.
If the winning country cuts interest rates, the Eagle country can cut interest rates along with the exchange rate.
In this way, their crisis can naturally be resolved.
However, in Soros’ view, it was too late for all of this. After learning that the country had started to cut interest rates, Soros just sneered and said to Jiang Cheng, “Why did you go early?”
Since July, all the seeds have been buried.
But it’s too late!
The interest rate hike of the Chinese in July is like a butterfly flapping its wings, and the storm generated by the butterfly is about to blow in the financial market of Eagle Country.
Now it is not that you can say that a policy can be changed if you change it.
Rather, the pit dug in the front is already big enough, and now you have started to jump up, jump up, and suddenly regret that you want to grab something, so that you don’t want to fall into this pit.
This is basically impossible.
Just the second day after the country announced a rate cut.
International speculators, represented by Soros’ Quantum Fund, have begun to take action.
They threw out the chips they had accumulated for several months at the same time, and at the same time used crowds of tactics to cooperate with the media’s overwhelming momentum!
Jiang Cheng also unceremoniously threw all the chips in his hand.
It is to sniping the pound fiercely, 100 billion US dollars, all short.
At the same time, there are various media that are even more crazy about publicity, and many factors have contributed to the short pound short, and they are directly engaged in hand-to-hand combat with the Bank of England!
Ramon, then Minister of Finance of the Eagle State, hurried to Buckingham Palace and had the following classic dialogue with Prime Minister Major:
Your Prime Minister, we can’t stand it anymore! Why can’t it stand it?
You must have a trick, speak quickly!
Well, I have another strategy! Raising the interest rate of the Central Bank of Eagle Countries, high interest rates will attract the return of currency, and the return of pound buying.
No, the economy is sluggish, and if you raise interest rates, you’re looking for death!
Your Excellency, do you want to die now or a few days later? If the interest rate is not raised, the British pound will be finished immediately. The interest rate hike may be able to survive for a few more days. The financial market is changing rapidly. Maybe Soros will not have a bargaining chip in a few days. We still have a chance!
At this point, what can be said, Prime Minister Major compromised.
The defensive Bank of England did not show weakness either. At 9 o’clock in the morning, the Bank of England immediately announced that it would raise the interest rate by 15%, and then at 12 o’clock in the afternoon, it continued to raise the interest rate to 15%.
At the same time, the Bank of England used US$26.9 billion worth of foreign exchange reserves to purchase a large amount of pounds sold by Soros in order to stabilize the exchange rate.
However, Jiang Cheng has leveraged a hundred times, and the US dollar that Jiang Cheng smashed out of the hands of pure Jiang Cheng is 28 billion US dollars. What can a mere 26.9 billion US dollars do?(Read more @ wuxiax.com)
It is not enough to swallow the pounds in Jiang Cheng’s hands.
Moreover, in addition to Jiang Cheng and Soros, behind Soros there are the United States, as well as a large number of international speculators, they will not allow the pound to continue to maintain its current status.
The pound must fall, and it must still fall sharply.
Major quickly contacted European countries, hoping that European countries would save the Eagle Nation at this time.
Subsequently, European central banks also joined the battle group, injecting tens of billions of pounds to support the pound.
Suddenly, the entire European capital market was even more turbulent, but after all, they still didn’t have enough time to prepare. How to reverse the confidence of the market in a rush?
At this time, market confidence is shaken, and the general trend has been established. The trend of exchange rate changes is not just about changing.
Soros, Jiang Cheng, and a lot of capital are selling like crazy
As the pillar of Britain’s national defense, the Bank of England’s continuous interest rate hikes not only failed to turn the tide, but also triggered a bearish psychology in the market. The pound could not raise its head in response to the huge volume of trading.
On September 15, the pound exchange rate fell all the way.
The exchange rate of the pound to the mark hit three lines of defense, reaching 1 pound to 2.65 mark, a plunge of 8%.
In other words, Jiang Cheng has made at least $2.24 billion.
However, this is still far from enough.
Jiang Cheng’s pound sterling is at least more than half, and Soros’s pound sterling still has almost this figure left.
Continue to sell!
In the afternoon, the Bank of England stated again that it would increase the interest rate by 20% 0 ……..
Attempt to continue to increase the exchange rate of the pound sterling.
However, it was too late. The more intense their reaction, the more the market did not have any confidence in them.
The pound depreciated by ten percent.
Depreciation by 13%.
Depreciation by 15%.
Depreciation by 20%.
Twenty percent, which was the original depreciation figure, but in this time and space, due to Jiang Cheng’s forcible intervention, the pound fell below this exchange rate and began to plummet.
Depreciation by 21%.
Depreciation 22%.
Depreciation by 25%.
Jiang Cheng keeps making calls. At this stage, he can basically be sure that his profit can reach at least 5 billion U.S. dollars.
This number made Jiang Cheng himself silent, too scary.
Even Jiang Cheng himself, at this moment, has to admit that the feeling of knowing the direction of history is really cool.
I have to admit that the money coming from finance is indeed more than any real industry.
Five p.m
All the pounds in Jiang Cheng’s hands have been sold.
At this moment, the pound sterling has fallen from the original 2.95 mark to the current 2.065, a 30% drop, and the loss is 10% more than the original parallel world.
This ten percent is an astronomical figure.
The profit of Jiang Cheng is 2.8 billion U.S. dollars.
Jiang Cheng began to figure it out.
At this stage the pound is basically out of play.
The plunge is inevitable.
I am afraid that tomorrow the Eagle Country will begin to announce that he will withdraw from the European exchange rate system.
Thinking about it is also shocking.
Sitting in the hotel, Jiang Cheng tasted the champagne slowly, and suddenly realized that he seemed to have begun to become a capital crocodile.
On September 16, 1992, the Eagle Country withdrew from the European exchange rate system, which was called “Black Wednesday” in history.
A thrilling exchange rate war ended, and international speculators won.
Afterwards, Soros sent an invitation to Jiang Cheng and invited Jiang Cheng to a banquet. However, Jiang Cheng refused. He didn’t like to show up, and…
God knows if I can come back if I go?
It’s still early, and put the money in the pocket. .
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