Rebirth of the Financial Overlord
Vol 5 Chapter 42: Real purpose
Remember in one second【】
"Haha..."
Yulia Sidorov's exclamation made Shen Jiannan laugh.
Between countries, where there is something mean and not mean, outsiders are not mean to wield a butcher knife at oneself, there are no good things in the five gangsters. But if meanness becomes a grave for digging a hole for oneself, it is absolutely stupid.
"Shen. What are you laughing at, what's wrong?"
"The British have a very good abacus, and the French have a very good abacus. Among the ECUs, Germany is the strongest. If the lira is broken, the countries will have to unite again to force Germany to cut interest rates. By then , Germany’s only option is to cut interest rates. But they overlooked a fatal issue."
"What's the problem with this?"
"The problem is big. They don't realize that in order to stabilize the exchange rate, the five Nordic countries have sold a large amount of foreign exchange reserves. These foreign exchange reserves are in ecu units. Among the ecu currency units, the German mark, French franc and The British pound sterling accounted for more than 50% of the total. Now, where did the money go?"
"..."
Qina Kanowski looked blank, while Yulia Sidorov realized something in amazement.
Where did the money go?
Naturally, they are in the hands of speculators who sell the currencies of the five Nordic countries.
Just like when Geman, Kamandy and Capital One sold the mark, all they made were German marks, British pounds and francs. Similarly, those short sellers who sold Finnish marks and four-country crowns also held large amounts of German marks, francs, and pounds. If the lira collapses again...then the Italian central bank will release nearly 23 billion foreign exchange reserves, and this money will flow into the market again, so take this money...
Perceiving Yulia's eyes, Shen Jiannan raised his eyebrows and gave the answer.
"The central banks of various countries made a mistake. They ignored the influence of the times on the financial market. The introduction of Internet information has turned the world into a global village. The market size that has increased at a geometric rate is no longer the billions or tens of billions that could influence control. Didn’t you notice that the transaction amount of the convergence transaction alone exceeded 100 billion."
"And now, the Italian currency provides an asymmetrical betting situation. This trend tempts technical traders to join in the impact on the Italian currency, speculation, not a few fools, those guys can think of passive defense of Italy It's just a target. With so much money in the Italian market, the Bank of Italy can only be poor to cope.
"If the Italian lira is finished, then the foreign exchange thrown by the Bank of Italy will once again become a bargaining chip in the hands of the bears. By then, what do you think will happen?"
"..."
This time, Gina Kanowski understood a bit, Yulia Sidorov understood everything, and she hurriedly turned her gaze to look at the computer screen.
Mark/Piseta, 1:69, a decrease of 1.5%.
Mark/lira, 1:855.25, a decrease of 3.5%.
Looking at the decline in the Spanish peseta, and then at the trend of the lira, Ya Yulia Sidorov couldn't help but think of playing a game of **** on the snow as a child. When the snowball is rolling, the snowball gathers more and more on the ground, and it rolls bigger and bigger. When the snowball rolls to the extreme, it rolls on the ice surface, and the ice surface will crack and crack wherever it passes.
A clear picture emerged from her mind. Northern Europe is located in the northernmost part of Europe, the Soviet Union is located in the easternmost part of Europe, Italy and Spain are located in the southernmost part of Europe, starting from the five Nordic countries, which are the smallest, weakest, and can only fight alone. They plundered their foreign exchange reserves and then went to the Italian lira. If the Bank of Italy emptied all the reserves, it would only make the snowball continue to grow, and then to Spain in the southwest...
Waking up from a dream, Yulia Sidorov quickly walked to the world map not far away.
She suddenly discovered that the entire map of Europe has long become unrecognizable. Eastern Europe, Southern Europe, and Northern Europe are surrounded by a rich red color. Only Western Europe is surrounded by yellow. But among the large yellow lines, Britain is drawn. Huge fork.
A terrifying thought caused Yulia Sidorov to cover her mouth in shock.
"If all the chips are placed on the table, which currency has more chips, you can sell which currency, and the short side will only have more and more chips in his hand like a snowball."
"Eastern Europe is over, and Northern Europe is over. It's impossible to do anything. Italy and Spain now have Britain and France behind the scenes, and global capital is staring. It will be a matter of time.
When the Bank of Italy has exhausted all the bullets borrowed from Germany and the Spanish defense line is broken, this trend of suppression can no longer be stopped. "
"Their real purpose is Germany and France?"
"No. It's dollars."
United States Washington.
Federal Reserve Bank Center.
A white man who is only 1.7 meters tall and about 65 years old stands in front of the map in the office with his hands on his back. His brown eyes are as deep and vast as the ocean. There was an overwhelming attitude in his body. If outsiders knew about him, no one would have imagined that an old man in his sixties and his body would be so terrifying.
But if anyone knew his name, he wouldn't be surprised. Because his name is: Alan Greenspan.
In the mid-1970s, the US-led gold standard declared bankruptcy. Affected by this, the sharp drop in the dollar price triggered an oil hedging crisis.
^0^Remember in one second【】
The unsatisfactory Keynesianism has failed. The U.S. economy has fallen into a predicament under various factors such as the Vietnam War and the Cold War, with high inflation rates, high unemployment rates, and economic stagnation.
The dollar collapsed, the securities market collapsed, and the real estate market collapsed.
For Americans, it is like going back to the Great Depression sixty years ago. Almost every minute, someone would commit suicide because of bankruptcy, and every second, someone would die because of poverty.
On October 19, 1987, Wall Street experienced a "Black Monday". The Dow Jones Industrial Average fell a record 23% throughout the day. Under that terrible decline, I don't know how many people are about to go to the rooftops. But Alan Greenspan, the newly appointed chairman of the Federal Reserve, delivered a speech that the stock market rebounded the next day, and countless people avoided bankruptcy.
In four years, in just four years, the U.S. dollar has gradually stabilized under Alan Greenspan's series of operations, the U.S. stock market has reached a new high, and the real estate market has emerged from the downturn. For this reason, the chairman of Chuanpu Real Estate, who was once restricted to lunch at ten dollars a day because of the edge of bankruptcy, had eaten burgers for four years, specially went to the nightclub for a carnival celebration.
Some people say ~www.readwn.com~ The United States can have other presidents without Reagan, but without Alan Greenspan, the United States will usher in the dusk. From this we can see what status this 65-year-old Jewish man is in the United States, and because of his achievements in the economic field, he is called the global economic czar.
At this time, staring at the situation that he had promoted with one hand, the economic czar did not feel complacent about it.
If the European economy fails, capital will be forced to withdraw from Europe. Now that Japan has chosen to make way, it is impossible for capital to flow into the Japanese market. There are not many places where these capitals can go, only the US market, the African market and Asia. market.
But Africa is clearly impossible.
Native African natives are lazy, stupid and jealous, and full of genes for tyranny, plunder, and destruction. Now they are independent, and capitalists of various countries are killed and robbed in Africa. As long as they don’t get water in their heads, no one will do it again. Invest in such a place. Only in the Asian market, cheap costs and cheap labor are absolutely attractive to capital.
After thinking for a moment, Alan Greenspan turned and walked to the desk, and picked up the phone on the desk.
Dear, this chapter is over, I wish you a happy reading! ^0^
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