Rebirth of the Financial Overlord

Vol 5 Chapter 11: Chess game

"Asshole. Damn asshole."

   "What right does Britain have to threaten us now."

   "Damn thing, a bunch of garbage."

For several days in a row, the British side pressed forward step by step and forced Germany to cut interest rates, which made Schlesinger angry. He was completely irritated by Norman Lamont's metaphor. Although he said nothing on the spot, he walked out of the meeting room. , He yelled.

   The current British economy is deteriorating. The pound peg to the mark means that the pound is overvalued. This means that as an alliance, Germany is paying for the consumption of the British.

   However, Norman Lamont not only did not show gratitude, on the contrary, he instigated him. Schlesinger felt that it was necessary for him to let the current Britain see clearly who was asking whom.

"Mr. Schlesinger, hello. I am a Frankfurter Allgemeine Zeitung reporter. Economist Daniel Brühl said that the current regional economic differentiation in Germany is abnormal and the inflation rate remains high. If the central bank lowers interest rates, inflation will be a very dangerous situation. To the point, this will seriously damage Germany's interests. What do you think about this."

   Suddenly, a **** reporter rushed to Schlesinger with a microphone.

   Schlesinger, who cursed in a low voice, had to restrain his attitude. As the governor of a country's central bank, he represented Germany at this time.

  Daniel Bruch, a well-known economist in the GDR, has always opposed Schlesinger. Before the merger of the central bank, he was one of Schlesinger’s main competitors.

   This is a very dangerous signal.

  Daniel Bruch has huge supporters in the original democratic camp. Once he catches this offense, his position as the governor of the central bank will even be impeached. Moreover, the merger of East and West Germany once unbalanced regional economic differences, which was like an undercurrent. If the control is not good, no one will know what the consequences will erupt.

  The economic base always determines the superstructure. Once the economy gets out of control, the finally unified Germany will fall into a crisis of division again.

   In the end, it was the governor of a country's central bank. In just an instant, Schlesinger made a decision.

  Since Britain and Italy are so stupid, let them see the cost of stupidity first, and wait until Germany hurts before helping. They will recognize their current position better than they do now.

   "Connor is it. My opinion is that I cannot guarantee the future direction of interest rates. As we all know, the first responsibility and obligation of the central bank is to control the inflation rate and prevent the outbreak of populism."

   "......"

   "......"

   "Very pessimistically, I have no confidence in the fixed exchange rate relationship between European currencies."

   "......"

   "Especially the weak foundation of the lira. In recent years, Italy's economic situation is very bad, and fixing the exchange rate is a stupid practice.

   "......"

   Maybe it was completely irritated by Lamont's attitude, maybe it was because he hated Italy again for betrayal in my heart, or it was forced by the sharp questions from the German journalists to have no other choice.

  From the current exchange rate mechanism to the economic differences between countries, Schlesinger acknowledged that there are certain defects in the physique of the European exchange rate.

   is probably to emphasize that this is not the original intention of Germany. He explained the responsibilities of the Bundesbank after World War II and pointed out the weak foundation of the Italian lira.

what does this mean?

   means that Schlesinger admits that there is a problem with the exchange rate mechanism, and it also means that he is singing empty lira.

   But obviously, Schlesinger himself did not realize this problem, or rather, he realized it, but did it anyway. For the guy who stabbed the knife in the back, you must let them taste the pain in order to make them surrender, right?

   Therefore, a listener not far away flashed with uncontrollable excitement in his eyes.

   A Jew, about sixty years old, wearing a black suit and a blue tie, looks a little blessed, and a little simple.

   This is no one else, it is George Soros.

   This is a game, a general game.

   Kane Jimmy has an extensive network in Germany and has close relationships with many professors and experts in the economic field, and Daniel Bruch is one of his friends.

   Of course, as a practitioner in the financial industry, maintaining a good relationship with media organizations is also one of the key factors. So before this, the beautiful lady had an in-depth exchange with Kane Jimmy on the hotel bed before coming to Bath.

   Unfortunately, Schlesinger didn't even know that this is a chess game, an evolution from Chinese chess.

   A game of chess that has been played a long time ago.

   But now, nothing matters anymore.

   In order to make sure what he heard was correct, Soros walked over after Schlesinger finished speaking.

   "Hello Mr. Schlesinger. This is George Soros."

   Schlesinger, who was about to leave, had to stop, just as George Soros knew him, he also knew George Soros.

   Although, they have never seen each other.

   But the name of the person, the shadow of the tree, everyone is on the same level. At this time, it is very rude to leave. In desperation, Schlesinger just stretched out his hand to shake Soros.

   "Hello, Lord Soros."

   "Thank you sir for stopping. I don't know, what do you think of Egypt becoming the currency of a unified Europe."

   This is a very **** question.

  Because GrosECU and Ecu are the first currencies issued by French Louis XIII, although the current ECU and French ECU are not the same thing.

"A unified European currency can enable European countries to avoid more economic frictions and develop peacefully. It can also promote the pan-European economic system to quickly tide over the current period of economic decline. I like the concept of a unified European currency. However, the ECU The name is too old, and it is easy to remind people of the brutality of Louis XIII. Therefore, I would rather call this unified currency the Mark."

   This is a very implicit answer, but it is also a very straightforward and strong answer. It is not only against the aggressiveness of the British, but also to counter the French's constant small actions behind the scenes.

   Very German answer.

   And this answer is as clear as Soros hoped.

Germany wants to unify the European currency, and the central bank is also pushing to accept the idea of ​​a currency union, but this is not at all costs. Its primary task is to maintain the deutsche mark’s fine tradition of preventing inflation, if other economies cannot bear the resulting Tighten, then their currencies should depreciate.

  The governor of a central bank of a country does not know what impact these remarks will have if they go out?

the answer is negative.

   Schlesinger was able to be selected by Kohl to assume the role of central bank governor immediately after the merger of East and West Germany. His political sense is undoubtedly outstanding.

Soros suspected that Schlesinger would be satisfied to see that his tough stance on inflation would undermine the plan of the European Monetary Union, because the goal of the European Exchange Union included the establishment of the European Central Bank, which would replace the German Central Bank. .

   But Soros may never dream of ~www.readwn.com~ The reason why Schlesinger made this decision, except for half of the reasons he guessed, the other half was completely angry.

No rough, just the words that Lamont keeps repeating: no one understands the economy better than me, no one is smarter than me, no one understands what the Bundesbank needs to do more than me, no one understands spreads better than me What are the consequences?

   In some respects, Lamont is correct, but when these words are heard in Schlesinger's ears, that means something else entirely.

   But Soros is really right in thinking that people are all selfish, and the groups of people are also selfish.

   And this selfishness is the instinctive sense of protection of people when encountering a crisis.

  Financial banking institutions also have a sense of protection and have self-protection motives, and Schlesinger, as a professional central bank official, is likely to be a representative of this trend when facing the European Central Bank's replacement of the German Central Bank.

   "Stanley. I believe that the lira is about to depreciate, and you should increase your short position in the lira to your existing position."

   "Are you sure? George?"

   "Of course. I believe you will know the reason soon. Now, I am going to the airport and try my best to go back by tonight. This time, we are going to make a lot of money again."

   Robert John, a person’s name, in Western countries, such a name is as common as Zhang Shuai of China.

   "Robert. I just came back from England. According to my judgment, the Italian lira will definitely depreciate. But now, I want to hear your exact opinion on the pound sterling."

  

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