Rebirth: The No.1 Dandy
Chapter 473
Yuan Qilin looked silly at that time. He didn't think he would be in danger. When the danger came, how could he react?
Fortunately, Fu Rao was nearby and pushed yuan Qilin away with his eyes and hands. Then he stretched out his arms quickly and incessantly to take the gangster's wrist and fell down. The gangster's wrist clicked, the bat landed, and people fell to the ground with pain.
Fu Rao didn't dare to fight. He took yuan Qilin and ran back to the tavern.
Several other gangsters rushed into the tavern with sticks. Naturally, they were beaten by Shi Tongxi, Lin Chong, Chen Sheng and others and rushed out
However, Chen Sheng's Kung Fu was much worse than that of Shi Tongxi and Lin Chong. He got a bat on his shoulder in the disorderly battle and didn't recover until he returned home.
Later, on their way to Ukraine, Xiao SA and his party happened to encounter a gunfight between two forces. Xiao SA and others fled in panic in the rain of bullets. Fortunately, they were in danger
Several people talked about the past while drinking. Even Fu Rao drank several cups for the first time. His pretty face was dizzy and very charming.
After the meal, Yuan Qilin and others were sent away. Xiao SA entered the room with Fu Rao who was as gorgeous as a peach blossom
The next day, Xiao SA, Fu Rao and Yao Tiao walked into the HKEx together.
In the next three months, he plunged into the Hong Kong stock exchange.
He rented four yellow jackets directly from the Hong Kong Stock Exchange and served him with four computers in his big customer room.
The so-called "yellow jacket" refers to the securities brokers of the Hong Kong stock exchange. Because they all wear yellow jackets, Hong Kong people habitually call them "yellow jackets".
Xiao SA first announced a rule to them: keep your mouth shut.
In fact, this is a trade rule. If anyone doesn't keep a tight mouth, they may not know how they died!
You know, are the major customers of HKEx ordinary people?
There are precedents and profound lessons in this kind of thing. People in yellow Mandarin coats are all quick witted but clumsy.
Xiao SA said the rules and asked the four yellow jackets to start the silent warehouse building for nearly three months according to his instructions.
Only his heart knows what he is doing: he is going to have a gluttonous feast with financial tycoon Soros!
In his previous life, Xiao SA was engaged in foreign trade and liked to speculate in stocks in his spare time. He was too familiar with the deeds of financial tycoon Soros. He read his financial alchemy many times and made a very detailed and thorough analysis and Research on the previous financial storms he set off in the Golden Globe.
This time, he will quietly participate in Soros's Sterling Sniper War!
It started two years ago.
At that time, in order to find hospitality, Xiao SA ran into Soros while wandering on the Wall Street stock exchange in New York. After recalling Soros's actions in his previous life, especially the three financial storms he set off, if he realized it, he began to plan secretly.
Which three financial storms did Soros set off?
The first was the sniper pound war in 1992.
The second was the Southeast Asian financial crisis in 1997.
The third was the Hong Kong financial turmoil in 1998.
These are three world wars without gunsmoke!
In the first two games, Soros won a big victory, killing all the countries in Europe and Southeast Asia!
However, in the third game, under the full resistance of the Hong Kong government, Soros retreated, suffered heavy losses and failed
For more than 200 years, sterling has been the main currency in the world. Originally, it adopted the gold standard. When it was linked with gold, sterling occupied a very important position in the world financial market.
It was only the first World War and the stock market crash in 1929 that forced the British government to abandon the gold standard and adopt the floating system, and the position of sterling in the world market continued to decline.
In 1990, Britain joined the ERM (European exchange rate system), a new monetary system created by Western European countries.
Soros believes that Britain has made a decisive mistake.
Because the European exchange rate system will make the currencies of Western European countries no longer target gold or the US dollar, but peg to each other.
Each currency is only allowed to float within a certain exchange rate range. Once it exceeds the specified exchange rate floating range, the Central Bank of each member state has the responsibility to intervene in the market by buying and selling its own currency to stabilize the currency exchange rate within the specified range.
Within the specified exchange rate floating range, the currencies of member states can float relative to the currencies of other Member States, with the German mark as the core.
But Britain's economic recession at this time, in order to maintain the original exchange rate as a condition to join the European exchange rate system, it is extremely expensive for Britain.
On the one hand, it will lead to Britain's dependence on Germany, unable to raise or lower interest rates at any time to solve its own economic problems, and promote the devaluation of its currency to protect its own economic interests.
On the other hand, it is doubtful whether the British central bank has enough ability to maintain its high exchange rate.
Especially on February 7, 1992, 12 EU Member States signed the Maastricht treaty. This treaty makes some European currencies such as sterling and Italian lira obviously overvalued.
The central banks of Britain and Italy will face great pressure to cut interest rates or devalue. Can they coordinate with Germany with strong economic strength in relevant economic policies? Will Germany, as a core country, sacrifice its national interests to help these countries once their markets are volatile and unable to resist?
With the fall of the Berlin Wall in November 1989, a unified Germany rose and prospered rapidly.
However, Soros calmly concluded that due to the reconstruction of the former East Germany, Germany pays more attention to its own economic problems and has no time to help other European countries tide over their economic difficulties.
Sure enough, with the passage of time, less than a year after the signing of the Maastricht Treaty, the British government's economic policy of maintaining high interest rates has been under increasing pressure.
The United Kingdom asked the Federal Bank of Germany to reduce interest rates, but the Federal Bank of Germany was worried that cutting interest rates would lead to domestic inflation and may lead to economic collapse, and refused the request of the United Kingdom to cut interest rates.
The British economy has been in recession for a long time and is in many difficulties. It is impossible for Britain to maintain the policy of high interest rate. The only feasible way to stimulate its economic development is to reduce interest rate.
However, if German interest rates are not lowered and Britain unilaterally lowers interest rates, it will weaken the pound, force it to depreciate greatly, and even withdraw from the European exchange rate system.
So the time is ripe, and the decisive moment is coming
Fortunately, Fu Rao was nearby and pushed yuan Qilin away with his eyes and hands. Then he stretched out his arms quickly and incessantly to take the gangster's wrist and fell down. The gangster's wrist clicked, the bat landed, and people fell to the ground with pain.
Fu Rao didn't dare to fight. He took yuan Qilin and ran back to the tavern.
Several other gangsters rushed into the tavern with sticks. Naturally, they were beaten by Shi Tongxi, Lin Chong, Chen Sheng and others and rushed out
However, Chen Sheng's Kung Fu was much worse than that of Shi Tongxi and Lin Chong. He got a bat on his shoulder in the disorderly battle and didn't recover until he returned home.
Later, on their way to Ukraine, Xiao SA and his party happened to encounter a gunfight between two forces. Xiao SA and others fled in panic in the rain of bullets. Fortunately, they were in danger
Several people talked about the past while drinking. Even Fu Rao drank several cups for the first time. His pretty face was dizzy and very charming.
After the meal, Yuan Qilin and others were sent away. Xiao SA entered the room with Fu Rao who was as gorgeous as a peach blossom
The next day, Xiao SA, Fu Rao and Yao Tiao walked into the HKEx together.
In the next three months, he plunged into the Hong Kong stock exchange.
He rented four yellow jackets directly from the Hong Kong Stock Exchange and served him with four computers in his big customer room.
The so-called "yellow jacket" refers to the securities brokers of the Hong Kong stock exchange. Because they all wear yellow jackets, Hong Kong people habitually call them "yellow jackets".
Xiao SA first announced a rule to them: keep your mouth shut.
In fact, this is a trade rule. If anyone doesn't keep a tight mouth, they may not know how they died!
You know, are the major customers of HKEx ordinary people?
There are precedents and profound lessons in this kind of thing. People in yellow Mandarin coats are all quick witted but clumsy.
Xiao SA said the rules and asked the four yellow jackets to start the silent warehouse building for nearly three months according to his instructions.
Only his heart knows what he is doing: he is going to have a gluttonous feast with financial tycoon Soros!
In his previous life, Xiao SA was engaged in foreign trade and liked to speculate in stocks in his spare time. He was too familiar with the deeds of financial tycoon Soros. He read his financial alchemy many times and made a very detailed and thorough analysis and Research on the previous financial storms he set off in the Golden Globe.
This time, he will quietly participate in Soros's Sterling Sniper War!
It started two years ago.
At that time, in order to find hospitality, Xiao SA ran into Soros while wandering on the Wall Street stock exchange in New York. After recalling Soros's actions in his previous life, especially the three financial storms he set off, if he realized it, he began to plan secretly.
Which three financial storms did Soros set off?
The first was the sniper pound war in 1992.
The second was the Southeast Asian financial crisis in 1997.
The third was the Hong Kong financial turmoil in 1998.
These are three world wars without gunsmoke!
In the first two games, Soros won a big victory, killing all the countries in Europe and Southeast Asia!
However, in the third game, under the full resistance of the Hong Kong government, Soros retreated, suffered heavy losses and failed
For more than 200 years, sterling has been the main currency in the world. Originally, it adopted the gold standard. When it was linked with gold, sterling occupied a very important position in the world financial market.
It was only the first World War and the stock market crash in 1929 that forced the British government to abandon the gold standard and adopt the floating system, and the position of sterling in the world market continued to decline.
In 1990, Britain joined the ERM (European exchange rate system), a new monetary system created by Western European countries.
Soros believes that Britain has made a decisive mistake.
Because the European exchange rate system will make the currencies of Western European countries no longer target gold or the US dollar, but peg to each other.
Each currency is only allowed to float within a certain exchange rate range. Once it exceeds the specified exchange rate floating range, the Central Bank of each member state has the responsibility to intervene in the market by buying and selling its own currency to stabilize the currency exchange rate within the specified range.
Within the specified exchange rate floating range, the currencies of member states can float relative to the currencies of other Member States, with the German mark as the core.
But Britain's economic recession at this time, in order to maintain the original exchange rate as a condition to join the European exchange rate system, it is extremely expensive for Britain.
On the one hand, it will lead to Britain's dependence on Germany, unable to raise or lower interest rates at any time to solve its own economic problems, and promote the devaluation of its currency to protect its own economic interests.
On the other hand, it is doubtful whether the British central bank has enough ability to maintain its high exchange rate.
Especially on February 7, 1992, 12 EU Member States signed the Maastricht treaty. This treaty makes some European currencies such as sterling and Italian lira obviously overvalued.
The central banks of Britain and Italy will face great pressure to cut interest rates or devalue. Can they coordinate with Germany with strong economic strength in relevant economic policies? Will Germany, as a core country, sacrifice its national interests to help these countries once their markets are volatile and unable to resist?
With the fall of the Berlin Wall in November 1989, a unified Germany rose and prospered rapidly.
However, Soros calmly concluded that due to the reconstruction of the former East Germany, Germany pays more attention to its own economic problems and has no time to help other European countries tide over their economic difficulties.
Sure enough, with the passage of time, less than a year after the signing of the Maastricht Treaty, the British government's economic policy of maintaining high interest rates has been under increasing pressure.
The United Kingdom asked the Federal Bank of Germany to reduce interest rates, but the Federal Bank of Germany was worried that cutting interest rates would lead to domestic inflation and may lead to economic collapse, and refused the request of the United Kingdom to cut interest rates.
The British economy has been in recession for a long time and is in many difficulties. It is impossible for Britain to maintain the policy of high interest rate. The only feasible way to stimulate its economic development is to reduce interest rate.
However, if German interest rates are not lowered and Britain unilaterally lowers interest rates, it will weaken the pound, force it to depreciate greatly, and even withdraw from the European exchange rate system.
So the time is ripe, and the decisive moment is coming
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