Mediterranean hegemon

Contini's guess really became a reality. Mussolini's words about trying to push up the lira were not groundless. They have attracted great attention from the European banking community. The Jewish funds that had just made a fortune from the collapse of the German mark two days ago began to stir again. This time they also found new helpers, the two Jewish financial groups of Goldman Sachs and Jacob in the United States.

Although there are many Jewish financial groups in Europe, there is a very famous name Rothschild that has infiltrated them. Although there are many Jewish financial groups in the United States, they have not formed a stable center. Therefore, not only Contini and others could not get news from each other, but even Morgan and Rockefeller, who were powerful in the United States, did not receive relevant reports. All connections were carried out underground.

In fact, when the British considered the Algerian oil issue, they arranged two economic plans. The first plan was to directly connect with the Morgan family, the representative of the American ASP consortium, to form a pattern of Britain, the United States and France excluding Italy. It is easy to understand why Morgan was chosen. Morgan is not only the top American consortium, but also the leader of the American Episcopal Church. The Episcopal Church is the state religion of the United Kingdom, and it is not the same as the Catholic and Protestant sects. Therefore, Morgan has a close relationship with Britain.

But this time Morgan did not choose to join forces with the British. The reasons are ostensibly two: First, Britain and France severely hit the United States on the issue of the establishment of the League of Nations, which not only made the United States lose its influence and control over Europe, but also lost the possibility of further penetration in the economy. If it were not for the Ruhr crisis, it would be difficult for American capital to enter Europe, so Morgan had an instinctive aversion to the British proposal;

Second, Rockefeller, who owns a lot of shares in the Algerian Oil Company, refused to cooperate in this matter, and even refused to be neutral, which made Morgan feel that he was not strong enough. After all, Contini still held 42% of the shares.

Of course, these are all superficial. Everyone knows the real reason. Italians are the weakest players on the field. If Britain, the United States and France work together to squeeze out the Italians, then Britain and France may squeeze out the Americans as well. This risk cannot be taken, so Morgan and Rockefeller both refused.

But since Baldwin has considered this situation, it is impossible that there is no plan B. Plan B is to mobilize the European and American Jewish consortiums. They cannot start directly from the oil fields, but they have found another way to attack the lira.

As Contini said, the United Group is a national policy group. He and the Italian government and the fascists are in the same boat, so he can't just watch the lira depreciate and do nothing. It just so happens that Mussolini is now going to launch this policy, which immediately gives speculative capital an opportunity.

What they envisioned was a series of traps:

The first step was to use the rumors about Mussolini to borrow lira, because the lira would appreciate and foreign exchange would depreciate. All smart companies would choose to settle foreign exchange as soon as possible and then hoard more lira, and then prepare to release it to buy more foreign exchange, which would tighten the lira's money supply and cause bank liquidity to become tight;

The second step was to consume Italy's foreign exchange, which was done through two channels. The first channel was to use the borrowed lira to exchange foreign exchange as much as possible, mainly pounds and dollars, and to withdraw it. The second channel was dumping. Speculative capital found a good dumping channel and used the crude oil control mechanism that the United Group had promised to dump.

In order to stabilize the supply of crude oil and market prices, the United Group had proposed a reserve mechanism: when the price exceeded US$1.25, the United Group would release storage capacity and release reserve crude oil. When the price was below US$1, the United Group would conduct open acquisitions.

Open acquisitions here require money. Jewish capital intends to sell continuously in the spot market, forcing the United Group to take over. At this time, the United Group itself will consume a lot of foreign exchange.

The third step is to create panic. On the one hand, foreign exchange is flowing out in large quantities, and on the other hand, foreign exchange is being replaced by the United Group for oil reserves in large quantities. Then Italy's foreign exchange reserves will decrease rapidly. At this time, rumors of Italy's foreign exchange shortage can be fabricated to put pressure on the Italian banking industry. Once the whole of Italy rushes to buy foreign exchange, the government's foreign exchange reserves alone cannot resist it, which will inevitably cause the lira to depreciate.

At the same time, the Italian government will definitely ask the United Group and the United Bank for help. On the one hand, Contini has to use foreign exchange to stabilize the domestic currency value, and on the other hand, he has to use foreign exchange to undertake a steady stream of oil sales. The liquidity of the United Group will soon be squeezed dry.

At this time, the acquisition can be carried out happily: the foreign exchange rush is surging, the lira has depreciated significantly, and British and American capital will transfer foreign exchange back to lira to repay loans. Their profit is the difference in depreciation; at the same time, because the oil price has been greatly reduced, and the foreign exchange inventory of the United Group has also bottomed out, this can force Contini to sell Algeria Oil shares at a low point. As for the crude oil reserves that were sold at the beginning, the position can be closed at the agreed price at this time.

In other words, the core is in

The second step is to consume Italy's foreign exchange, which is done through two channels. The first channel is to use the borrowed lira to exchange foreign exchange as much as possible, mainly pounds and dollars, and the second channel is dumping. Speculative capital has found a good dumping channel and uses the crude oil control mechanism promised by the United Group to dump.

In order to stabilize crude oil supply and market prices, the United Group proposed a reserve mechanism: when the price exceeds $1.25, the United Group will release storage capacity and release reserve crude oil; when the price is below $1, the United Group will conduct open acquisitions.

Open acquisitions here require money. Jewish capital intends to sell continuously in the spot market and force the United Group to take over. At this time, the United Group itself will consume a lot of foreign exchange.

The third step is to create panic. On the one hand, foreign exchange is flowing out in large quantities, and on the other hand, foreign exchange is replaced by a large amount of oil reserves by the United Group. Then Italy's foreign exchange reserves will decrease rapidly. At this time, rumors of Italy's insufficient foreign exchange can be fabricated to put pressure on the Italian banking industry. Once the whole of Italy rushes to buy foreign exchange, the government's foreign exchange reserves alone cannot resist it, which will inevitably cause the lira to depreciate.

At the same time, the Italian government will definitely seek help from the United Group and the United Bank. On the one hand, Contini has to use foreign exchange to stabilize the domestic currency value, and on the other hand, he has to use foreign exchange to take over the continuous selling of oil. The liquidity of the United Group will soon be squeezed dry.

At this time, you can happily carry out acquisitions: the foreign exchange rush surges, the lira depreciates sharply, and British and American capital transfers foreign exchange back to lira to repay loans. Their profit is the difference in depreciation; at the same time,