Starting from floating in Hong Kong

Chapter 132 The Day of Blood Crash But the Empire

The full moon hangs like a disk above the night sky, sparkling on the dark sea.

On the high seas, the two fishing boats approached slowly and quickly stuck together.

A gangplank was put on the bow of the ship, and several people who were fully wrapped up carrying boxes stepped on the gangplank and came to another boat.

"This is the latest batch that has been printed, and there is £50 in addition to £20 as you requested."

Jacob opened the combination lock on the box, took out a few banknotes from inside, looked through them carefully against the light, and scanned them with the purple light.

"Very well, my friends, you are the best money-printers I have ever seen."

The other party was indifferent to Jacob's praise, and asked directly, "Where's the money?"

"Oh, here." Jacob quickly took out two large travel bags and threw them on the ground.

The leading masked man unzipped the zipper, grabbed a handful of banknotes, and checked them.

"Don't worry, they are all old banknotes without consecutive numbers." Jacob added with a smile.

"As long as it's not printed by you." The masked man snorted coldly, "What about the next batch of materials?"

"Gone."

"Gone?"

"The raw materials are in short supply now, and we will have to wait." Jacob spread his hands with a smile.

"Then shall we still print?"

"The previous banknotes are enough for a while, if necessary, I will notify the boss."

"Very well, Mr. Fang sends you his greetings." After speaking, the masked man turned around and jumped back to his fishing boat with two big bags in hand.

The few people who followed him backed up slowly with their guns in hand, covering each other and retreating back to the boat.

The engine of the fishing boat started quickly and gradually disappeared into the night.

Jacob looked at the disappearing fishing boat and smiled, "Is the photo ready?"

"Filmed."

"A little more printing will come out, maybe our friends in the country will need it sometime."

"No problem, sir."

"How about the tracker?"

"The tracker is working fine and the signal is very clear."

"Keep an eye on them."

"Boss, is 50 billion enough?"

"It's enough, and the time is running out. The Chinese people may have noticed something and are desperately increasing their foreign exchange reserves."

"So you're going to start soon?"

"Yes, it's almost ready anyway." Jacob showed a smug smile, "Gentlemen, we're going to get rich soon!"

"Hoohoo!"

Cheers erupted in the fishing boat, applause and whistle sounded together.

"Low-key, low-key, gentlemen, you don't want Langley to know about this." Jacob clapped his hands and said, "When the banquet is over, we still have to clean up the mess. Now is not the time to celebrate."

"After we finish talking with the Huaxia people, the Caribbean beaches, sunbathing and beauties are waiting for you."

……

"Whoa!"

Qin Yi dumped the money in the two travel bags on the floor of the cabin, and bundles of banknotes piled up into a hill.

The people next to him stared straight at him, and Sharpei rubbed his hands with eyes shining brightly, "You're getting rich now!"

"Hush!" Qin Yi put his finger on his lips, motioning for everyone to silence.

Li Xiangdong winked at Qi Jingsheng, Qi Jingsheng nodded, turned on the radio on the table next to him, and turned the volume to the loudest.

Qin Yi carefully rummaged through the pile of banknotes, not even letting go of the bag.

Finally, he found a black plastic box the size of a fingernail in a roll of banknotes. It looked very inconspicuous. If he didn't look carefully, he thought it was a part of the plastic buckle on the bag. He handed it to Qi Jingsheng.

Qi Jingsheng took out a screwdriver and directly opened the small box, studied it for a while and made an OK gesture.

"It's okay, it's just a signal tracker, it doesn't have the function of eavesdropping." Qi Jingsheng weighed the box, "Do you want to block it?"

Qin Yi smiled slightly, "You don't need Brother Sheng, it's rude to eat the bait that he took after so much effort."

"The visitor is not kind." Li Xiangdong frowned, "We prepared a table of dishes, but two tables of guests came. How do we eat this dish?"

"It's okay to eat as you like!" Qin Yi sneered, "The more chaotic the situation is, the better. Are restaurant owners still afraid of big-bellied customers? When the time comes, it will be a spoonful, and you won't even bother to find a scapegoat."

Qin Yi picked up his mobile phone and dialed out, "Jane, tell the US side that the hedge fund in the US has already taken action."

After hanging up Qin Yi, Shapi interjected and asked, "Boss, how do you know they started to attack?"

"They suddenly stopped accepting sterling, so they must do it, and we printed them 50 billion, which is enough to destroy the central bank of the country." Qin Yi sneered, "Jacob suddenly didn't want ammunition on the eve of the war, and he can still what is the reason."

"Hey, the ghost doesn't have a good thing." Sharpei spat hard.

"Praying mantis catching cicadas and orioles are behind, it doesn't matter, play with them." Qin Yi patted Shapi on the shoulder, "Brother Shapi, it's not time to pay the money yet, we'll share it after we're done."

"Well, I know." Sharpei nodded indifferently, "Then do you want to give Fuguang some money?"

"Part, of course." Qin Yi smiled, "You always have to give a consolation prize when you send someone off on the road."

……

Many people think that Quantum Fund's action is Soros' handiwork. In fact, the real trader and hero is Druckenmiller.

He is a legend and doesn't like to be in the limelight, so he has always been mysterious.

And Soros likes to appear in front of the camera very much, enjoying the envious eyes and flattery of others, so he never corrects those rumors.Instead, he portrayed himself as a terrifying and invincible financial predator through various legends and rumors.

This is good for him, because reputation is appeal, and he can gather enough sheep as the leader when rushing to the opponent.

The countries defeated by Soros were not the results of his own victory, but the countless flocks of sheep that followed him. Few countries could sustain under the trample and squeeze.

Druckenmiller has long expected that Germany will follow a loose monetary policy, which will prompt the Bundesbank to raise interest rates, so the Deutsche Mark will remain strong.

Then he set his sights on a new prey, choosing to short the British pound while being long on the Deutsche Mark.

After the analysts of Quantum Fund studied the real estate in China, they began to try to short the real estate stocks and succeeded.

In this way, analysts are very sure that since Germany maintains high interest rates, the pound is already at the lower limit of the European Monetary System mechanism, and the central bank can only raise interest rates to maintain the pound.

However, if the central bank raises interest rates, people will immediately have pressure to repay their loans. If the money is used to repay loans, then there will be no money for consumption. The decline in consumption will make things worse for a country in recession.

All in all, the central bank will not raise interest rates.

If interest rates are not raised, the pound will fall against the mark, and the probability of appreciation is very low.

So Druckenmiller seized this once-in-a-lifetime betting opportunity, buying Deutsche marks and selling pounds.

At this time, there is only one problem facing the various funds. They are not sure whether the Bundesbank will compromise due to political pressure and cut interest rates in order to maintain the European financial order.

Various economists and analysts on Hong Kong Island have pointed out that European countries have signed the "Maastricht Treaty", paving the way for the establishment of a unified European currency, and Germany is the main promoter of the plan. A unified Europe is Germany's dream, and Germany will not sit idly by.

In order to save the faltering national currency, European finance ministers and central bankers gathered together and asked Germany to cut interest rates to avoid chaos in Europe's financial order.

U.S. Finance Minister Lemont took the lead, roaring and waving his fists to the head of the Bundesbank, saying: "The finance ministers of 12 countries are sitting here, and everyone unanimously asks you to lower interest rates. Why don't you lower them?!"

Schlesinger, the president of the Bundesbank, is like a thousand horses whizzing by. Why should I sacrifice myself to save you, but facing the aggressive finance ministers of many countries, I can’t tell the truth, so I resorted to Tai Chi.

"Well, we don't have plans to cut rates yet, but we don't have plans to raise rates either."

In short, Germany said that the situation is like this, and the specific situation depends on the situation.

But in the face of the country that was already on the verge of crisis, even a straw must be grasped. How could Remont let go of this opportunity, and immediately interpreted this sentence as proof that Germany wanted to compromise, and publicized it everywhere.

Experts from all walks of life on Hong Kong Island seem to have found a savior, repeatedly citing the propaganda of the country to show their foresight.

Driven by this kind of good news, Huang Chengju's bonds were finally no longer unsalable. Not only many wealthy businessmen and celebrities subscribed for some, but even citizens who claimed to be middle-class elites also bought a lot.

And far away across the ocean, in an office at 888 Seventh Avenue in New York.

Soros and his partner Druckenmiller are drinking coffee and discussing the pound.

At this time, the door of the office was pushed open, and a middle-aged man came in complaining, "George, how can you ask me about the British pound directly on the phone, don't you know that bank calls are always recorded ?”

"Sorry Robert, but what does it matter if you're going to join me anyway?"

"What's the matter?" Robert exclaimed. "I'm going to jail!"

"As long as you pay your taxes on time, I promise you won't."

"Damn the IRS!" Robert sat next to Druckenmiller.

The three sat around a small table and began plotting.

Soros asked with concern: "How risky is the pound?"

"The pound is highly liquid, and even if you make a mistake, you can close your position at any time, thanks to a loss of 0.5% at most."

"Then how much can we earn?"

"If it plummets, then the profit is 15% to 20%"

"This income is good, what is the probability?"

"Everyone has read the report of the Harvard University economics expert team. It is consistent with our think tank analysis, and the probability is 90%"

"How much does the Bankers Trust fund invest in?"

"Leverage will be increased to 5 times."

"Is 5 times enough?"

"The country only has 220 billion pounds of foreign exchange reserves, which is equivalent to about 440 billion U.S. dollars. Now the main buyer is the country's central bank. Once the country's foreign exchange reserves bottom out, no more injections can be made. So the maximum size of our short position is 440 One hundred million U.S. dollars."

Druckenmiller chimed in: "We could probably short $150 billion."

Soros suddenly showed a weird smile, "No, we should reraise, 150 billion is not enough, we can do more than 250 billion."

"You're crazy!" The other two were taken aback.

"The Great Empire can't last long." Soros laughed, then picked up a table knife, and ruthlessly cut on the small cake in front of him.

A war without gunpowder is as dangerous as a hot war, and the Quantum Fund is not the only player who has ended up.

Other hedge funds on Wall Street and major banks are involved, and they all want to take a bite out of this delicious cake.

Facing the situation surrounded by wolves, all European countries have become delicious prey.

On September 9, the first cannon fodder was born - Finland.

Amid Wall Street's sell-off, Finland failed to make it past its first day, with the Finnish mark down 15% on the day.

On September 9, Sweden, the second target of attack, fell.

Wall Street then targeted the Italian lira, which borrowed $360 billion from Germany in advance in response to the attack.

However, this struggle did not help.

On September 9, the lira fell below the lower limit allowed by the exchange rate mechanism.

On September 9, Italy began to negotiate a formal devaluation of the lira.The Bundesbank pledged to cut interest rates by 12% as part of the agreement to weaken the lira.

……

Reymont, the country's finance minister, couldn't eat for the past few days. He looked at the consultants in the office and asked with a serious face: "Gentlemen, now you can tell me a clear conclusion, whether the country can withstand it."

Several consultants looked at each other, discussed a few words, and finally expressed very optimistically that there was no problem.

"The central bank has survived August, and the shock in September can still be withstood. And we have raised 140 billion U.S. dollars. The third and most important point is that the German central bank has begun to cut interest rates. Although not much, it has been lowered. One point is a clear signal."

"The most important thing in the financial market is confidence, and cutting interest rates is the best booster."

I don't know if the market with a groan has confidence, but Remont has confidence at this moment. He stood up and said with a smile on his face: "I will report to the Prime Minister right now."

After he walked into the Prime Minister's office in Downing Street with cheerful steps, he reported his subordinate's judgment to Prime Minister Major with full confidence.

"No matter how you say it, the Central Bank of China will kill me if it has something to do with Wall Street funds!"

Prime Minister Major nodded, but he still sighed in his heart, when did the empire become like this, becoming a piece of fat and being besieged.

Think back then, how powerful the empire on which the sun never sets was.

The realm of vigor and vitality is still in sight, but it's a pity that the sun never sets has become the sun never stops.

Just as the two were sighing, a secretary rushed into the prime minister's office.

"Master Prime Minister, something is wrong. We found two banknotes with the same serial number."

"What?!" The Prime Minister stood up from the chair, shook a few times and almost fainted.

Remont was completely dazed. He jumped up from the chair and grabbed the secretary by the collar. "How is it possible? Did you make a mistake?"

"Look, sir." The secretary took out the two banknotes with a pale face.

Remont grabbed the banknotes and carefully identified them, and then he found that he couldn't tell which banknotes were counterfeit at all. He quickly comforted himself: "No, it can't be counterfeit banknotes, it may be a printing error by the bank."

"This..." the secretary hesitated, "This kind of printing error is almost impossible."

Prime Minister Major was the Chancellor of the Exchequer before. He quickly came to his senses and shouted: "Hurry up and check the newly received banknotes to see if there are any more?"

Soon, news came out that there were more and more banknotes with the same serial number.

Prime Minister Major's face was ashen, "How many are expected?"

"Maybe more than a billion, or billions." The secretary's voice became lower and lower.

The Prime Minister collapsed directly on the chair, only one thought flashed through his mind.

It's over, it's over!

Remont was completely at a loss, and panicked for a while and said quickly: "Master Prime Minister, quickly, immediately announce the abolition of the circulation of 50-pound banknotes, otherwise the country's currency will collapse immediately."

"No!" The secretary immediately stopped Lemont's proposal, "Mr. Lemont, you can't do this, and you must strictly seal the news. Once this news gets out, the entire economy of the country will be ruined."

Remont's eyes were red, "Then let the counterfeit money circulate?"

"It can be delayed for a while, and news that is not good for the country can't be released at this time!" The secretary said fiercely.

Prime Minister Major woke up at this time, his eyes were dull for a long time, and then he slowly turned to his secretary, "Then what should we do at this time, just procrastinate like this?"

The secretary said with a serious face: "In the first stage, we advertised nothing."

"So what's next?"

"In the second stage, we said that maybe something will happen, but we should not take action because it may damage the interests of the country."

"..."

"Stage three, we say maybe we should do something, but there's nothing we can do about it."

"And what about the end?"

"Stage four, we said maybe something could be done initially, but it's too late now."

Prime Minister Major looked bewildered, and asked tentatively: "That is to say, we are not doing anything now?"

"Yes, Your Excellency."

"May God bless the country!" Prime Minister Major and Chancellor of the Exchequer Lemont began to pray together.

……

Opening on Monday, September 9, the central bank spent $14 million buying sterling, while the pound appreciated slightly as Germany cut interest rates over the weekend.

On September 9th, Soros began to issue a general attack order, and personally called to find a counterparty who was willing to buy the British pound.

After the news that Quantum Fund shorted the British pound spread, bank traders who received Quantum Fund's sell orders also began to sell. Everyone knew that the British pound could not hold on.

The pound has quickly fallen below the lower limit, and there are almost no buyers for the pound.

At this time, Hong Kong Island reacted more violently. All the people who bought bonds panicked. They were selling everywhere, eager to sell the bonds.

Even a large number of customers who bought bonds surrounded Changhe Group's office and Huang's villa.

"Pay back! Pay back!"

"Innumerable merchants, return my hard-earned money!"

A large number of people held banners and shouted with loudspeakers, demanding that the Huang family repurchase these bonds at the original price.

Being blocked in the office, Huang Chengju was very flustered in the face of such momentum, and immediately called his father Huang Jiatai.

"Father, many people are blocking the door of the company now, asking us to buy back the bonds at the original price?"

"Fucking gangsters!" Huang Jiatai yelled, "There are no fathers and sons in the shopping mall, and they are willing to gamble and buy and leave. Do they understand the spirit of the contract?"

"We have told them before that investment is risky, if you make money, you should invest in it, and if you lose money, let us be responsible. How can there be such a good thing!"

Huang Chengju wiped off his sweat, "Father, what about those people outside?"

"You find a way to come forward to appease them and tell them not to panic, the country is strong, how could something happen so easily?"

"Okay!" Huang Chengju stabilized his mind, and walked out of the company with a few assistants.

Seeing Huang Chengju come out, the people of Hong Kong Island rushed up together, and the noisy voice surrounded Huang Chengju and his assistant.

The loud noise made him dizzy.

"Everyone be quiet! Everyone be quiet!" Huang Chengju grabbed a loudspeaker and shouted, "I can understand everyone's mood, but I ask everyone not to panic, this is just a technical adjustment!"

"Bonds still have a lot of room for appreciation! The pound appreciated yesterday, and fluctuations are normal now. I have inside information, and the pound will appreciate tomorrow!"

After finally appeasing these people, Huang Chengju still has to deal with those wealthy businessmen and celebrities who bought bonds. Those people are no easier to fool than the people.

Finally, after promising a bunch of bad checks, he finally fooled those rich businessmen away.

Huang Chengju sat slumped on the sofa, his strength almost exhausted.

Suddenly the secretary rushed into the office and looked at his boss in horror, "Mr. Huang, read the news quickly."

After speaking, he turned on the TV, and Huang Chengju glanced at the TV screen, his face paled instantly and he almost passed out.

"A large number of counterfeit sterling banknotes found in Europe!Counterfeit banknotes may have flooded"

"Secretary, buy a ticket to the country immediately, now!"

Huang Chengju roared out with the last of his strength.

……

September 9th is known as Black Wednesday.

At the opening of the London Stock Exchange, Quantum Fund shorted the British pound by US$200 billion, and the exchange rate of the British pound has fallen below the lower limit of the European Monetary System.

The Central Bank of the United States began to intervene by buying sterling and bought 10 billion pounds within half an hour, but the exchange rate of the pound remained unchanged.

This declared the failure of central bank intervention.

Then the incident of counterfeit sterling banknotes was exposed, and the pound collapsed instantly.

At this time, the country is not bleeding, but is spurting blood from the arteries, and someone is pumping blood with a high-powered water pump.

John Bull lay in a pool of blood.

It is estimated that China lost about US$160 billion in this battle of the century.

Quantum Fund made a profit of US$30 billion shorting the British pound.

At the same time, they also did long interest rate futures in Britain, France and Germany, and shorted Italian lira, with a total profit of 50 billion U.S. dollars, and Soros' personal profit will be 20 billion U.S. dollars.

The seven major investment banks in the United States made a profit of 7 billion US dollars, and the hedge funds of various sectors all made a profit of around 30 to 5 billion US dollars.

Qin Yi's private equity fund also made a profit of 10 billion US dollars, of which Qin Yi's personal profit was 5 million US dollars.

Well, the same income he gets from printing money.

Therefore, the most profitable business is written in the criminal law, which is so fucking right.

After tossing around, the private equity fund only made a profit of 5 million.

You can get 5 million by printing banknotes casually, so it is better to be a thief and get money quickly.

Oh, right.

Qin Yi slapped his head, "Someone still owes me [-] million yuan and hasn't paid it back."

(End of this chapter)