God of the world of film and television

Chapter 156 The Sun Never Sets on the Sunset of the Empire
1992 9 Month 14 Day.

Monday.

It was also the first day that Wall Street and Lu Qing officially shorted the pound.

On this day, Walid, who had prepared early, approached Lu Qing with a small oxygen cylinder.

"Don't worry, this time, nothing will happen to me!"

Walid showed a confident smile to Lu Qing.

"If you can take off the oxygen mask on your face when you say this, I think it will be more persuasive."

Lu Qing was speechless.

Walid laughed, and then said seriously: "Chen, everything is up to you!"

"If I had known that your 30 billion U.S. dollars was stolen public funds, I wouldn't have asked for anything."

Lu Qing sighed.

He really didn't expect Waleed to be so courageous.

That's $30 billion, not $30!
"I think Ni's plan is very likely to succeed, and there are people on Wall Street backing it, so of course we have to work hard."

Instead of paying attention, Walid said with some pride.

It seems that embezzling 30 billion public funds is a great honor.

Hearing this, Lu Qing finally understood why Li Hengcai said Waleed was an adventurous person.

"Waleed, I may do business with you often in the future, but I will never start a company with you in this life."

Lu Qing smiled.

If you partnered with him to start a company, God knows that one day you will take the money in the company account to take risks.

Walid naturally understood what Lu Qing meant, but he smiled complacently when he heard the words: "For you to find me to cooperate, it obviously shows that my choice is not wrong, doesn't it?"

Too lazy to pay attention to his strong words, seeing the opening time, Lu Qing immediately started calling traders to give various orders.

Waleed also quickly turned on the computer to observe the changes in the exchange rate in due course.

……

Just 3 minutes after opening,

Suddenly, there was an additional purchase order worth 5 million U.S. dollars in pounds on the market.

Affected by this, the price of the British pound rose slightly.

But immediately, Walid heard a call from Lu Qing:
"Dump $5 million in sterling."

then,

The pound, which had just raised its head, fell in response.

But then, another buy order worth 5 million U.S. dollars entered the market.

Sterling prices regain momentum.

Lu Qing's expression was calm, and his voice was like a reef on the coast, unchanged from ancient times: "Another 5 million!"

Pound prices go down again...

In the following day, almost all similar bridges were pulled back and forth.

If you place a sell order, I will take it immediately;

If you start buying here, I will sell immediately...

The bulls and the bears are the ones who sing and I come on stage, and the fight is an exhilarating one.

As a melon-eating crowd at close range, Walid only felt that his heartbeat was also fluctuating back and forth following the exchange rate increase displayed on the market.

Now and then a loud cheer at the fall of the pound,

Occasionally moaning and moaning over the rise in the price of the pound.

Especially when the first day of fighting was over and he discovered that Lu Qing had sold 70 billion US dollars worth of pounds, Walid took several deep breaths of fresh oxygen in a row to stabilize his mind.

"Chen, we have already dumped 70 billion US dollars in British pounds. Why did the exchange rate only fall by 3.7%?"

Walid asked with some concern.

"Don't panic, it's a small problem, it's just a technical adjustment."

Lu Qing smiled and said: "Actually, the more we sell, the less the pound depreciates, and the better we can hide ourselves."

Shorting the exchange rate of the British pound does not mean that the lower the value of the British pound, the better, because once the British pound depreciates too quickly and causes panic in the market, no one will want the British pound that Lu Qing borrowed!
If you can't find any buyers you can connect with, how can you go short?

Therefore, as it is now, he sells a little, the Bank of England buys a little, it is best to keep the exchange rate unchanged, and then wait until Wall Street makes a move, causing the exchange rate to depreciate rapidly, and then buy it back at the bottom, that is the perfect plan.

Waleed half understood what he heard, but at least he was sure of one thing, and Lu Qing knew everything.

"OK, I don't care about the rest, as long as we make money in the end, everything will be fine!"

……

1992 9 Month 15 Day.

Tuesday.

Weather, overcast.

Originally resisting Lu Qing’s $70 billion sell order yesterday, it only caused the pound to drop by 3.7%. British Finance Minister Lamont was a little happy, thinking that the so-called short-selling army was nothing more than that, especially when he thought that his own inventory still had nearly $300 billion. Foreign exchange reserves, even less panic.

"I was looking at the mountain scenery from the city tower, and I heard the chaos outside the city..."

When he came to the office, Lamont hummed the newly learned Huaguo ditty and asked the secretary to pour him a cup of coffee.

but,

Just when he was about to put his legs on the desk, he heard the harsh ringing of the phone:

"Hey?"

As soon as Lamont asked a word in a slow manner, Pemberton, the governor of the Bank of England on the other end of the phone, shouted in panic: "Lamont, it's broken. There are at least 100 billion US dollars of empty orders on the market!"

puff!
Lamont squirted out the coffee in his mouth: "How much... how much?!"

100 billion dollars!
When global investors saw so many empty orders for sterling, they were all dumbfounded.

This is Great Britain!
The empire on which the sun never sets once ran across the earth!

When did he become a person who can break the drum and hammer anyone, who can shit and piss on the top of his head?

Therefore, many institutions that don't know the truth, as well as the central bank entrusted by the United Kingdom, have begun to buy short sterling orders on the market.

But just when these empty orders ate up about 60 billion US dollars, a bad news came out——

The investment bank group headed by Wall Street Quantum Fund is shorting the British pound!
The most important thing is that their short selling amount has reached as much as 400 billion US dollars!
boom!
As soon as the news came out, there was an uproar all over the world.

Wall Street vs. Buckingham Palace,
Is this going to be World War III?
Of course, the third world war is impossible, but everyone knows that this is a financial war that is no less cruel than the world war!
……

"buy!"

"Buy me all!"

In the meeting room of the British Ministry of Finance, Lamont yelled in frustration and panic.

As the news of Wall Street shorting the pound spread, panic began to spread in the market.

Even many domestic people who hold sterling have begun to sell!

If this kind of news is allowed to spread, the pound is really doomed.

The others all knew the seriousness of the matter and started to act one after another.

Someone was responsible for an interview to put out the fire, saying that Wall Street's shorting was just a small problem;

Someone is responsible for buying short orders and maintaining the interest rate of the pound;

Someone is in charge of contacting the rest of the world, asking for support...

despite this,

When the time came to close, the price of the British pound was still down 5.8% compared to yesterday.

People have already smelled the smell of pills...

……

"Chen, what's the matter, did we sell all the pounds today?"

Walid couldn't help asking.

As long as they sell the 150 billion US dollars in their hands, they only need to wait for the depreciation of the pound in the future, and then buy the bottom and return it to the institution.

"Well, it's all done."

Lu Qing also laughed: "We just need to wait for the right time to buy it back."

"Yes! Yes!"

Receiving an affirmative answer, Walid raised his arms and shouted.

Now that the pound has been sold, it means that his embezzlement of public funds has almost stepped into the door of success with one foot.

"However, Chen, are you sure the pound will fall this time?"

After calming down a little, Walid became a little worried about gains and losses: "I think the British government is quite determined to intervene in the market."

"That depends on the strength of Wall Street."

Lu Qing shrugged and said.

Having said that, in fact, from the results of the system deduction, he has already determined that he will win this time.

……

The time came to the next day.

June 9.

Wednesday.

On this day, as soon as Lamont went to work, when the London Stock Exchange opened, he couldn't wait to ask his subordinates to buy 10 billion US dollars in British pounds.

At this time, the panic in the market is already very high, and they must use the thunderbolt method to stabilize their emotions.

However, the entry of this billion dollars did not even cause a splash.

The exchange rate of the pound sterling seemed to be stuck, motionless.

"Keep buying!"

Lamont gritted his teeth and said.

Soon, another $10 billion was dropped.

The exchange rate remains unchanged.

"Keep buying!"

"Buy again!"

"Still buying!"

In this way, in just half a day, the British government has bought 150 billion US dollars in pounds.

However, the exchange rate of the British pound did not increase but fell.

Lamont knew it was over.

Although their central bank still has 100 billion U.S. dollars in foreign exchange reserves to buy sterling, there are too many sellers on the market!

The general trend has become, and it cannot be stopped by manpower.

Even if all those foreign currencies are used up now, it will be nothing but a waste of time.

then,

After an afternoon of urgent consultations, Lamont held a press conference at 07:30 in the evening and officially announced that the British government would no longer seek to maintain a fixed exchange rate with the German mark.

In a word, I took the vote.

As soon as the news came out, in the U.S. market, which was still trading, the pound plummeted!

The sun never sets on the empire, the sun has set.

(End of this chapter)