Rebirth of the Financial Overlord
Vol 5 Chapter 3: Mantis catching cicada
The wind is sunny and there is no cloud.
The tower is tall, the top of the tower is pointed, the windows are embedded with stained glass, the walls are full of sculptures, and the green lawns are everywhere. The pale yellow ancient Roman-style buildings are sandwiched in the red maple leaf forest, which has an elegant style. .
It coexists with this and is more of another post-Gothic style, which is called neoclassicism in architecture. The most obvious difference between the two is the upper frame of the door and window. The former is sharp and round, the latter It is arc-shaped. This new style is unique to the United Kingdom, and its origin is in Bath, and it has been preserved most intact so far.
The whole town exudes a kind of elegant beauty. Surrounded by the clear river, people can feel the leisurely natural scenery here at any time.
However, no matter how good the scenery is, you need a corresponding mood to appreciate it.
"No one understands economics and politics better than I do. Now, the German interest rate makes us feel great pressure, and the collapse of the Finnish mark is right in front of us. God, this is really terrible. If Germany continues to stick to the current situation Some interest rates will bring a huge crisis to the alliance. Schlesinger, have you considered the consequences for the alliance if Germany maintains the current interest rates?"
"His Excellency Schlesinger. I think what Mr. Lamont said is reasonable. We are now facing tremendous pressure on the spreads. The crisis of the five Nordic countries is right in front of us. You can't just watch that we may face the same crisis. ."
"Mr. Schlesinger, I hope that Germany can stand in the position of the central bank to deal with the challenges of the ECU currency system."
"......"
A manor house near the Abbey Church, where the finance ministers and central bank governors of the thirteen countries gathered here. As the British Finance Minister Lamont took the lead in asking the most acute questions, Turkey and France also joined it. The quiet and elegant hall suddenly fell into In the midst of an extremely fierce argument.
If anyone from the outside could see this situation, I am afraid they would be stunned. Who would believe that in front of the public are the handsome finance ministers and central bank governors, all of whom are like screaming shrews.
There are more than a dozen mouths in a quarrel. Schlesinger felt very disturbed under the gaze of a pair of eyes. His first reaction was to leave the venue. He cherishes the independence of the German Central Bank, and he has worked hard for this independence throughout his career. He hates political pressure, especially from a group of foreigners.
What disgusts him most is Lamont's tone and attitude, that kind of arrogance, it is almost like Britain is the leader of this meeting, not Germany.
No one knows politics and economics better than you?
That feeling, I'm not as good as you.
Damn it.
You are begging me now, not I begging you.
Believe it or not, Germany can kill you scumbags with one finger now?
Damn **** stirrer.
For Lamont, Schlesinger felt particularly disgusted, the kind of lofty arrogance, wherever it seemed to be begging, it was just giving orders.
Schlesinger hated Lamont’s arrogance, and Lamont was fed up with Schlesinger’s strength and disregard for the overall situation. The collapse of the Finnish Mark is right in front of everyone. Everyone can see the reason behind it. It’s because Germany beats a hundred. The 8.75/95 discount rate has caused a serious outflow of Finnish capital.
If Germany continues to maintain strong interest rates and the Mark strengthens, it will put heavy pressure on the British economy, which is already burdened.
Damn Germans, in front of the great British Empire, who gave you the courage so strong.
boom--
Schlesinger’s silence made Lamont angrily, and he slapped a hard shot on the table and stood up. He stared at Schlesinger’s eyes bitterly, his golden hair moving with the wind.
"Schlesinger. Twelve finance ministers are all sitting here, asking you to lower interest rates. Why don't you agree?"
Damn **** stirrer.
If it weren’t for the things you did back then, how could the German Federation be separated and now face such high inflation, and Italy, who is simply a teammate of pigs. The advantage is you first.
Damn it, really hateful.
Lamont's strength made Schlesinger just want to swear his mother, but thinking of talking with Cole, he could only force himself to calm down.
looked at the persecuting eyes of everyone around him, Schlesinger took a few deep breaths, and finally calmed down.
"Although I do not plan to cut interest rates, I also think that Germany has no reason to continue raising interest rates now."
"......"
Finally, a fierce quarrel was temporarily stopped because of Schlesinger's soft service. As everyone rested, the media, who had been waiting for a long time, blocked Norman Lamont who was going to eat at the entrance of the manor.
There are reporters from The Sun, reporters from The Times, reporters from the Daily Mail, and reporters from the Wall Street Journal...It can be said that reporters from many well-known media organizations in Europe and the United States have come. Everyone guessed it. What kind of impact will the outcome of the European Community’s meeting and negotiation have on the European economy? The experience of the five Nordic countries was only yesterday.
Long guns and short guns surrounded Norman Lamont in the center. Facing reporters' questions, he straightened his tie, gathered his golden hair, and straightened his body.
"No one understands the economy better than me. Now we need lower interest rates to stimulate inflation. ECU is the monetary system that the European Community has been promoting together. I persuaded His Excellency Schlesinger, and he also said that Germany would choose to make concessions. And will not raise interest rates again."
In some ways, Lamont is right.
From the perspective of overall strategy, Germany is now choosing concessions as the most correct choice. This will not only continue to maintain the healthy development of ECU, but also allow Britain, Italy and other economically troubled countries to escape the crisis of massive capital loss.
In fact, it was indeed Lamont who persuaded Schlesinger. It was precisely his request that Schlesinger chose to back down on behalf of Germany and said he would not continue to raise interest rates.
This is enough to be proud of.
You must know that in July, the other six countries asked Germany to stop raising interest rates, but Germany did not waver at all and raised interest rates strongly by 1.5 basic points.
But now, the German attitude has softened.
You must be happy in life, don’t let Jinzunkong face the moon.
defeated Germany's dominance, and Norman Lamontton was very energetic. At this time, how long can he wait without a drink?
night, come.
The bright moonlight rises to the sky, and the bright moonlight shines on the elegant and beautiful town of Bath, giving the whole town a touch of hazy beauty.
A villa located by the river, Norman Lamont invited Carlos Solchaga, the Spanish Minister of Finance with whom he had been close, to sit on a chair by the river and taste some wine.
After a few drinks, a trace of sadness appeared on Carlos Solchaga's face.
Spain’s industry itself is underdeveloped. Compared with the UK, its ability to withstand risks is even worse. What happened in Finland, Norway and Denmark is deeply worrying.
He couldn't believe what Spain would be like if national speculators sold pesetas in large quantities.
Put down the wine glass in his hand, Solchaga said worriedly.
"Lamont. Do you think it is possible for us to take Germany one step back?"
"Don't worry, my friend. No one knows Germans better than I do. Now they want to dominate the European currency, they have to take a step back. Are you saying that? I will let the media put pressure on Germany."
【Daily Mail】
The Thirteen European countries reached a preliminary agreement at the meeting. The Chancellor of the Exchequer Norma Lamont said that for the stable development of ECU, Deutsche Bank is willing to choose to retreat, and Deutsche Bank President Schlesinger said that Germany will not choose in the near future. Continue to raise interest rates.
ECU is an exchange rate system unanimously established by the European Community. It is related to the economic development of the entire Europe and the fate of hundreds of millions of people in tens of millions of families in Europe.
I believe that Germany will make the most correct choice for the healthy and stable development of ECU.
【Wall Street Journal】
Under pressure from the twelve countries ~www.readwn.com~ Deutsche Bank President Schlesinger stated that Germany has no reason to raise interest rates again. The British Chancellor of the Exchequer Norman Lamont believes that Germany’s choice is correct. The body needs a more loose monetary policy to stimulate inflation, not a tighter monetary policy.
Lamont said that he believes that Deutsche Bank will make greater concessions in subsequent negotiations.
United States, New York.
Stanley Druckenmiller looked at the newspaper in his hand, and there was a glimmer of worry in his eyes.
Now that the Quantum Fund has established positions of one billion dollars in Italy and the United Kingdom, this news is not good news.
Ling Ling Ling——
The harsh phone call suddenly rang. Putting down the newspaper in his hand, Druckenmiller quickly picked up the phone. He knew very well that there was only one person who could call at this time.
His mentor, friend, partner and boss, George, Soros.
Sure enough, Soros' voice came from the phone as soon as the phone was connected.
"Stanley. Are you worried that Germany will choose to cut interest rates because of political pressure?"
"Yes. If Schlesinger cannot withstand the pressure of the twelve countries to cut interest rates, our position will suffer a huge loss."
"No. I absolutely don't allow this. We have already lost once in Sweden. This time absolutely not."
"Then what shall we do now?"
"Britain can use the power of the media to pressure Germany, and we can also use the power of the media to pressure Germany. Just be prepared."
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