Rebirth 1991: Opening Cans for Planes

　　Yingguo people are confident that they will win, but unfortunately, this itself is a wrong start.

　　All because the exchange rate of the pound at this time has been overvalued.

　　At the economic level, the Eagle Country was on the verge of recession at this time, and inflation was soaring.

　　From the beginning of two years ago to before joining the European Monetary System in September 1990, the CPI rose from 9% to 5%. High interest rates did not seem to be effective against high inflation, but instead increased the risk of recession.

　　Therefore, we are caught in a dilemma, maintaining high interest rates, the Great Depression is inevitable, and the rate cut inflation is unbearable. Eagle Country urgently needs to cut interest rates and release water to stimulate the economy, but is worried that it will lead to the devaluation of the pound and the outflow of capital, which will lead to financial and economic crises.

　　Therefore, they hoped to use external force, so they chose to join the exchange rate mechanism of the European monetary system to stabilize the exchange rate of the pound and control inflation.After joining the European Monetary System, Eagle Country immediately announced a 1% interest rate cut.

　　But is a [-]% rate cut enough?

　　The economic weakness at this time made it impossible for the pound to maintain an overvalued exchange rate.

　　However, because of joining the European monetary system, the pound must be pegged to the mark, and there is a lower limit, so it can only float within the limit of the exchange rate mechanism, which is tied.

　　In a dilemma, if the pound depreciates, it is very likely to exceed the lower limit of the exchange rate, then it will break away from the European monetary system, declare the failure of the foreign exchange policy of the Eagle Country, and the government will lose the hearts of the people.

　　If the pound does not depreciate, the exchange rate is overvalued, and capital votes with its feet, foreign exchange reserves will continue to bleed, and the consequences will be severe.

　　It was also Soros' battle to fame.

　　It is said that this time, Soros’s quantum fund has made at least tens of billions of dollars.

　　And Soros also became famous.

　　Become a world-class billionaire.

　　Short GBP!

　　Of course, Jiang Cheng wanted to follow along. As long as this wave came out, at least three billion dollars in his own hands would be absolutely correct without any problems.

　　When I came to Europe, it was just July.

　　All is still calm.

　　Jiang Cheng, on the other hand, came to the Chase Bank in the Eagle Country calmly.

　　This Chase Bank is owned by an American.

　　The US$2.8 million in Jiangcheng is also deposited in Chase Bank.

　　At the same time, Chase Securities can also leverage itself.

　　Later, Jiang Cheng directly found Chase Bank, which was placed in the Eagle Country by the United States, and found a hundred times leverage.

　　2.8 million US dollars, [-] times leverage, is [-] billion.

　　Ordinary banks really can’t do it, and they can’t do it, that is, Chase Bank. In the future, Chase Bank and Morgan will merge together and become the super investment bank JPMorgan Chase, which has mastered trillions of dollars.

　　This handwriting really shocked the branch manager of Chase Bank in Lunjing.

　　$[-] billion.

　　The manager of Chase Bank couldn't help swallowing hard.

　　2.8 times leverage, at least [-]% appreciation of the British pound, Jiangcheng's [-] million US dollars, it means all is gone.

　　However, if the pound depreciates by one percent.

　　Jiangcheng must earn at least 2.8 million.

　　Afterwards, Jiang Chengliao began to look for his own partner.

　　And soon, Jiang Cheng also found his partner, the Quantum Fund.

　　Today's quantum funds are still not so easy to be heard.

　　The battle of the pound was when he became famous.

　　"Mr. Soros, nice to meet you!"

　　Jiang Cheng looked at Soros up and down, and Soros also squinted at Jiang Cheng. His eyes were very vicious, like a poisonous snake.

　　And Soros also felt Jiang Cheng's boldness.

　　One hundred times leverage.

　　As long as it increases by [-]%, Jiangcheng will have nothing, but this guy Jiangcheng is calm.

　　Just throw a lot of money and bet everything you have?

　　Jiang Cheng also considered the choice of the Quantum Fund.

　　In fact, now the Quantum Fund has begun to act.

　　The Quantum Fund has almost invested a lot of capital to buy a large amount of weak currencies such as sterling and Italian lira.

　　Then wait for the fluctuations in market sentiment. It only takes time to amplify the bearish sentiment on the pound and fuel the flames. After the market sentiment reaches its extreme, a large number of and quickly sell the weak European currencies and make profits.

　　Jiang Cheng is very confident. Even if Soros wants to trick himself now, it is almost impossible.

　　The Quantum Fund is also almost invested.

　　If the pound goes up.

　　Soros must have lost a lot.

　　"' "Jiangcheng, your courage is much bigger than I imagined! "

　　Soros smiled slightly, he was just a little curious, where did Jiang Cheng come from so bold, (Li Qianhao) However, he likes bold people.

　　The more greedy people are, the bigger their handwriting is.

　　In the negotiation between Jiangcheng and Soros, [-]% of Jiangcheng's profits will be handed over to Soros, and as the Quantum Fund, what they need to do is to provide Jiangcheng with channels to continue to acquire sterling.

　　Then, Jiangcheng's own bond company will operate according to Jiangcheng's requirements, and in a period of outbreak, sell sterling ruthlessly.

　　The pound has lost [-] percent of its value in history.

　　If the operation is really successful, Jiangcheng can at least make a net profit of 56 billion US dollars. Of course, of the 56 billion US dollars, Yijiangcheng will be given to Soros, and Yijiangcheng will be given to Chase Bank.

　　Both of these two are relatively ruthless.

　　However, the advantage is that the credibility is very high, and you don't have to worry about them hacking their own money.

　　The credibility is still there.

　　Without credibility, Jiang Cheng would not dare to play with them like this. .

Chapter 59

　　Jiangcheng did not trust Soros.

　　However, he still believes in the system created by the capitalists.

　　After all, in this system, if Jiangcheng can't make money, then who can guarantee that the next one who can't make money will be himself?

　　Everything is for profit.

　　Jiangcheng put a lot of money into it, and the market value of the pound began to gradually increase.

　　$[-] billion.

　　This is definitely a heavyweight blessing.

　　It is enough to gradually increase the exchange rate of the British pound, a slight appreciation of [-]%, which is not impossible.

　　As long as the appreciation is 2.8%, the [-] million of his own can be completely lost.

　　Jiang Cheng's gamble is also very big.

　　Whether the domestic lithography machine technology can be developed rapidly, and whether an industrial chain can be created directly, but it all depends on now.

　　Jiang Cheng's brain told the operation, and he knew that at this time, the value of the pound was constantly falling.

　　However, their own practices will not cause any chain reaction.

　　For example, will it cause other capital to be optimistic about the pound, which will increase the value of the pound along with it.

　　As long as it is one percent, then all of this should not be said.

　　Savoy Hotel

　　This is located on the bustling river bank street on the north bank of the Thames, close to London landmarks such as the Great Eagle Museum and the National Gallery.Modern installation art and Edwardian design style complement each other.

　　There are more than 250 luxurious rooms throughout the hotel, and guests can enjoy the magnificent view of the Thames.The dining part is also an integral part of the Savoy Hotel.

　　Soros is enjoying a wonderful breakfast, and Jiang Cheng is also sitting on the opposite side of Soros, casually tasting coffee.

　　"Mr. Jiang Cheng, do you have any regrets now?"

　　Soros said with a smile: "Yesterday, I saw that the exchange rate between the British pound and the mark has been strengthening all the way, and it has increased by %!"

　　"I believe that the value of money should be where it should be!"

　　Jiang Cheng's eyes swept lightly on Soros's body, and then said with a smile: "Mr. Soros, guess what, if the British pound appreciates, who will be the most worried?"

　　Soros gently wiped the food residue on the corner of his mouth, and then his serpent-like gaze fell on Jiang Cheng, and said slowly: "Of course it is the Eagle Nation government. Now the Eagle Nation itself has serious inflation and the economy is declining, and the government urgently needs it. Cutting interest rates, releasing water to stimulate the economy, and the appreciation of the pound is not good for their economy!"

　　As he spoke, Soros folded his hands and looked at Jiang Cheng with interest: "However, how can you be sure that the people of the Eagle Country will be clear? In the past few days, the British pound has appreciated by %, and maybe tomorrow, it will increase. One percent, when the time comes, Mr. Jiang Cheng, the $2.8 million in your hands will no longer belong to you!"

　　"I'm very confident!" Jiang Cheng said slowly: "The pound will continue to depreciate!"

　　Just as he was talking, a waiter brought the latest newspaper, The Times.

　　Soros was about to open it, but Jiang Cheng suddenly stretched out his palm and pressed it on The Times. He looked at Soros with a smile, and said unhurriedly, "Mr. Soros, let's make a bet, Guess what's going to be in the financial section of the newspaper?"

　　Soros frowned, and then slowly said, "What?"

　　"I guess the content here must be to cut interest rates and release water to stimulate the economy!" Jiang Cheng smiled slightly: "Mr. Soros, do you believe it? Let's make a bet!"

　　"It's interesting, what are you betting on?" Soros looked at Jiang Cheng with interest.

　　"How about you treat me to a barbecue at noon?" Jiang Cheng smiled indifferently.

　　"it is good!"

　　Soros nodded slightly, and then opened the newspaper, but his pupils couldn't help but start to shrink.

　　The Bank of England announced that the pound cut interest rates, and it really started to release water.

　　"It seems that the time is almost there!" A slight smile appeared on Jiang Cheng's face, he looked up at Soros, and said slowly, "This barbecue at noon, Mr. Soros, I thank you first! "