Rebirth of the Tech Madman

...

The drum is played without a heavy hammer.

The richest man's meaning is very clear. Since No. 10 Downing Street supports the Hong Kong government, it used the excuse of market freedom and competition to abolish the cash cow of Qinhe Group-Xiangjiang Telecom. The operation of Qinhe Tactics in the London financial market is also true. Follow the rules of the game-if you can't play, don't make ridiculous excuses.

With his current status and status, Tang Huan could not express his opinions at will. The chain reaction caused by Gein is difficult to control.

Just like in the original time and space, after George Soros succeeded in sniping the pound and became famous, his actions will surely attract investors who receive the news. It is tantamount to having a financial system that can be mobilized at any time. Special forces, or the big v of social media in the Internet age, just vomit and solicit donations. Even if there are hidden tricks, there will be crowds of people.

This is influence.

At the moment, the British capital market is in a dangerous period. As a result, the British media, who was under-pumped, ran to the richest man who came over to inspect the industry. Although he did get his wish and created a gimmick, he also stabbed the truth out-Tang Huan behind Qin He's strategy, no I am optimistic about the pound because of my own computer financial model analysis.

In this way, the problem is big.

As we all know, Tang IT’s computer financial model successfully shorted in 1987 when the "Black Monday" occurred, and made 800 million US dollars, which is better than the current king of junk bonds-Michael Milken, who was in jail at the time. The US$550 million that came out was a lot higher, and immediately surprised all of them. It triggered a rush to buy Fangyuan servers and even Fangyuan supercomputer systems in the business community.

This is all right, Tang IT’s computer financial model has also given the United Kingdom a life, and it is likely to stimulate speculative capital to become more and more crazy.

...

To this end, the daily news briefing at 10 Downing Street was temporarily added on the evening of Sunday, September 13. The official spokesperson of the British Prime Minister explained that the exchange rate of the British pound is currently hovering near the lowest level allowed by the European exchange rate mechanism. .

As for the content, it is nothing more than defending the pound confidently, and the dignified British Prime Minister and Finance Minister are also qualified not to show up, let Xiao I read the manuscript in front of the stage.

Just as hedge funds that are now making waves use borrowed money to attack weak European currencies, the United Kingdom announced that it has borrowed US$14 billion to improve its ability to defend the pound.

In fact, the Central Bank of the United Kingdom has indeed successfully withstood the market's bearish pressure on the pound since August.

Based on this, British financial analysts argued with the media, thinking that although the same large amount of money was borrowed, the Italian lira still did not escape the fate of collapse. Italy is not comparable to the United Kingdom-Italy is just the most chaotic rich country in Europe. , And Britain is a country led by a powerful Conservative Party that has changed the performance of the British economy.

In addition, there is good news from the European continent. Italy has reached an agreement with Germany on the depreciation of the Italian lira. As part of the content, Deutsche Bank promised to cut interest rates by 0.25%, which is actually equivalent to a disguised increase in the exchange rate of the pound.

...

On Monday, September 14th, the capital market entered a working day, and the Central Bank of the United Kingdom directly invested 700 million US dollars to support the pound sterling.

Because the introduction of this measure has the basis for Germany to lower interest rates, this relatively modest intervention has really paid off, resulting in a small increase in the exchange rate of the pound sterling.

The optimism of No. 10 Downing Street seems to have been corroborated; the immortal Tang it, this time fortune-telling, seems to have messed up.

Since then, some media have already ridiculed and ridiculed: "I don't know how much money Qinhe Strategy used to short the British pound. If such a stalemate persists every day, let alone make a fortune, I am afraid that it will be a problem to retreat completely. ."

When exchanging information, George Soros also asked this question seemingly unintentionally, "What is the position of Qin He's strategy?"

"It's $1 billion. The strategy of Qinhe is to seek stability first. If the British pound successfully plummets as we expect, it will probably make a profit of 15% or 20%, which can be regarded as a satisfaction to the loss of Xiangjiang Telecom's franchise. What about you?" When the richest man asked rhetorically, he deliberately increased his tone, obviously emphasizing the scope of what he was referring to, including all the hedge funds under the control of George Soros, not just the Quantum Fund.

"15 billion U.S. dollars." George Soros, who is in love, laughed triumphantly after hearing the voice of the richest man on the phone taking a breath of air-conditioning. "No one would have thought of a hedge fund with less than 50 employees. The combat capital that can be gathered can crush Britain, which has specially borrowed US$14 billion to lay out the defense line."

"The decision of the outcome is right in front of you." Tang Huan said solemnly: "Tomorrow is the time to attack with all strength."

"However, Germany helped the Italian lira depreciate and raised the exchange rate once, but this is a factor that cannot be ignored." George Soros's tone was hopeful.

The richest man did not disappoint George Soros, and he immediately put out a solution and said: "Well, I will immediately arrange for CNN to mobilize the "Wall Street Journal" to propose to Helmut Schlesinger, president of Deutsche Bank. Interview request."

"Tang, you really are a good boss." George Soros exclaimed convincingly.

On the phone, there was a tacit laughter.

...

The small increase in the exchange rate of the British pound on Monday, although encouraging to No. 10 Downing Street and forming an optimistic appearance of the overall situation, actually further determined the fate of the pound's collapse.

The reason is simple. The United Kingdom has exhausted all its tricks and there is no new routine. However, international speculators are still in preliminary trials, and the answer is clear. The next two sides will fight for who has strong funds.

The biggest mistake of the United Kingdom, as well as the entire European Community, is that it has not realized that the era of a new financial order has come after being beaten up until now. Once the market’s speculative capital is tacitly established, the scale is large enough to challenge any central bank. .

Think about it, George Soros and Tang Huan alone mobilized tens of billions of dollars to carry out sniping. Then add Paul Tudor Jones, Citi, JPMorgan Chase, New York Chemical Bank and other players.

By Tuesday, September 15th, the United Kingdom had a head-on-compared to yesterday's upward trend in the pound exchange rate, today it is all the way down. Even though the Bank of England bought hundreds of millions of British pounds, the closing price of the day fell to 2.7782 deutsche marks for 1 British casting, which is only 0.0002 higher than the lower limit stipulated by the European exchange rate mechanism, which is 2.7780 German marks for 1 British casting. Deutsche Mark.

Norman Lamont, the British Chancellor of the Exchequer, who used to be gracious, suddenly panicked. When the Spanish Chancellor of the Exchequer called to ask what's going on here, he could only answer "It's terrible", and then he went into a panic. Meeting with the British financial officials and the governor of the Central Bank of the United Kingdom, Robin Leigh Pemberton.

There is nothing new in this overnight meeting. It is nothing more than unanimous approval. Starting tomorrow morning, we will actively support the pound; if it still fails, then we will consider raising interest rates.

When the exhausted crowd was about to leave the meeting, Robin Leigh Pemberton received a message from his press office and read it out in public with a solemn expression.

Helmut Schlesinger, president of Deutsche Bank, was interviewed by CNN, the Wall Street Journal and a local German financial newspaper, the Commercial Daily.

According to media reports on the speech, the governor of the Central Bank of Germany believes that extensive adjustments to European currencies will be better than separate adjustments to the Italian lira.

Before Robin Leigh Pemberton finished reading, Norman Lamont's head rang.

Gein, Helmut Schlesinger’s speech is equivalent to calling for the devaluation of the pound sterling.

You know, the public statement issued by the mourning star last Tuesday caused the Italian lira to be attacked, but it failed to hold on and collapsed three days later; now, after only seven days, the Germans have begun to attack the United Kingdom.

This is to drive people to death!

Norman Lamont shook his head, finally came to his senses, then furiously, he patted the table again and roared-quickly call Helmut Schlesinger and I want an explanation.

Robin Leigh Pemberton successfully contacted the governor of the Central Bank of Germany, but the other party responded unhurriedly-one condition for accepting this media interview is that he can censor. How the media reported what they said, but until now has not had time to do so.

In other words, Helmut Schlesinger did not treat these media reports as the same thing-before he confirmed it, the media sent them out in a hurry, no better than false news. .

Norman Lamont pointed to the outside with fire-breathing eyes and said: "Going to call again, I seriously protest against Helmut Schlesinger's carelessness. His attitude has been published in the news, New York and Asia deal. Shang will respond tomorrow, and Helmut Schlesinger must quickly issue a veto statement."

Robin Leigh Pemberton will call again, but the governor of the Central Bank of Germany on the opposite side still insists that we will talk about it tomorrow.

Norman Lamont, who was almost bleeding, could only helplessly end his work today. He has foreseen it, tomorrow will be very sad!

...

On Wednesday, September 16, the UK financial market ushered in the most violent storm.

As a response to the plan authorized by the British Chancellor of the Exchequer Norman Lamont last night, the Central Bank of the United Kingdom intervened twice before 8:30 in the morning, buying 300 million pounds each time, but the exchange rate of the pound remained unchanged. Movement, and did not return to the expected allowable fluctuation range.

On the contrary, it was as if a spark had fallen on the haystack, and the situation became uncontrollable-two large orders of 1 billion US dollars soon appeared on the market.

According to the rules under the European exchange rate mechanism, during London trading hours, the Central Bank of the United Kingdom must not refuse to accept the pound sold at 2.7780 Deutsche Mark, because this is the lowest level of the exchange rate allowed fluctuation range.

As a result, the Central Bank of the United Kingdom continued to intervene, completely unaware of how outnumbered it was.

At 8:40, the Central Bank of the United Kingdom has purchased 1 billion pounds, but the exchange rate of the pound remained unchanged.

Norman Lamont hurriedly called to tell British Prime Minister John Major that the central bank of the United Kingdom failed to intervene and the United Kingdom would have to raise interest rates to protect the pound.

The European exchange rate mechanism was established in 1979, and Britain did not decide to join it until 1990. This is the result of this change. Belongs to John Major.

If the relevant policies are deemed to have failed, then the British Prime Minister will be discredited, and the time to step down will not be far away.

Based on such political interest considerations, how John Major can answer Norman Lamont can think of it with his butt-refusing to raise interest rates.

Of course, John Major also gave his own reasons-new economic data will come out later today, at that time, the actively stimulated market ~www.readwn.com~ may calm down. So, fellow Taoist, you have to hold on!

Under this circumstance, the Central Bank of the United Kingdom continued to buy pound sterling.

Every hour, the other side of the war, such as hedge funds and banks, will sell more pounds, and the Central Bank of the United Kingdom has no choice but to buy this currency that is sure to depreciate soon.

At 10:30, Norman Lamont couldn't handle it anymore, so he called John Major again and tried his best to raise interest rates, but the other party finally agreed.

At 11 o'clock, the pound interest rate increased substantially from 10% to 12%.

Norman Lamont walked out of the office of the Ministry of Finance and looked at the Reuters screen outside. There was still no response to the pound exchange rate—the straight line on the screen. It makes him feel like a doctor looking at a heart monitor, and the patient has passed away, and the only thing left to do is to unplug the instrument.

At this moment, Norman Lamont finally realized how lucky it is for Italy, where mud can't support the wall.

The Italian lira collapsed on Friday, and it had two days to start negotiations with Germany on the issue of currency devaluation; but now it is Wednesday, and the UK has no similar breathing space to go to European countries to coordinate exchange rates.

You know, judging from the current situation, the United Kingdom may lose hundreds of millions of pounds every minute.

There is only one road ahead of Norman Lamont, which is to deny the political achievements of the current Conservative Party, the government, and the government-unilaterally withdrawing from the European exchange rate mechanism.

However, the decision needs to be approved by the British Prime Minister, which cannot be communicated by telephone alone.

What made Norman Lamont crazy is that he and his staff kept calling the Prime Minister's office to emphasize the urgency of the meeting, but he couldn't find John Major himself.