Rebirth in 1989: Creating the Chinese Technology Empire
Chapter 360 Crying Britain: The Trembling Quantum Fund
On Black Wednesday, when the stock market officially closed, the whole of Britain seemed to be shrouded in tears.
In one day, the pound devalued by 40%. Looking at this roller coaster exchange rate curve, even many people on Wall Street couldn't help but swallow their saliva.
It's too cruel, it's really too cruel. This is the pound, one of the major currencies in the world. Now Wall Street is so ruthless. It really doesn't care about the old feelings at all. It is going to death.
Lamont was shaking a little while walking. Facing the reporter with a pale face, Lamont took a deep breath.
"Everyone, after our serious discussion, I announce that starting from today, the pound will officially withdraw from the ERM..."
Lamont faced reporters and announced the final British government decision.
The pound completely withdraws from the European Monetary Unity Organization and implements exchange rate freedom.
What a disastrous defeat! On this day, Britain suffered a disastrous defeat! Not only was it a fiasco for the UK, it was also a failure for the European Monetary Unification Organization.
As night falls, harvest time officially arrives. Soros’ Quantum Fund made a total of US$42 billion before and after this operation, which was a rich harvest. And Soros himself made 11 billion US dollars, which can be said to be a huge profit.
Some other Wall Street investment funds also made a lot of money. All in all, Soros and the Wall Street investment giants made nearly 7 billion US dollars from the pound market, which was a huge gain.
But the one who earns the most is Xu Huasheng. With a short position of 1000 billion US dollars in pound futures, the pound depreciated by %, which directly allowed Xu Huasheng to make billion US dollars.
Compared with the 40 billion U.S. dollars, the little money spent following Soros in the early stage is just pocket money, and hundreds of millions of U.S. dollars is almost negligible.
Huaxia, when Xu Huasheng received the call, his mouth was full of smiles.
Another windfall, this windfall is comfortable and enjoyable. At the same time, Xu Huasheng also lamented that fortunately in this era, there is no Internet transaction yet, and all kinds of transactions are still traditional keyboard transactions.
Otherwise, with the urine of the United Kingdom, we will find so many short sellers and we will have to unplug the network cable in the end.
The Internet era has not yet come, and the big data era has not yet come, so such actions are relatively easy to do. When the Internet develops and online transactions are established in the future, if you want to do this, you will have to be on guard against some people playing outside the rules.
The drama came to an end, and Xu Huasheng felt very comfortable. This time, the UK suffered heavy losses. In one day, it lost 470 billion U.S. dollars. This was even worse for the UK, which was already in a mess of economic problems. This will probably make it even more difficult for many British companies that are already in a recession.
In the days to come, it may be difficult for the UK to recover its economy. It will not be able to recover at all within a few years. This may even be the beginning of the Great Recession of the UK economy. After all, the current US$47 billion is a huge amount of money, which is much higher than that of the UK. US dollar foreign exchange reserves are still large.
That night in the UK, many people could not sleep, and many people even walked to the rooftop.
But that night, Soros, who had made a lot of money, tossed and turned and couldn't sleep. Obviously he made more money, but Soros felt that he had been cheated. This feeling made him very uncomfortable. Soros also went to inquire about the mysterious short sellers, but he did not find any useful information, which made Soros even more uncomfortable.
In China, in a mysterious courtyard, a middle-aged man is reporting the situation to the boss and others.
After listening to the middle-aged man's report, everyone took a deep breath.
The British pound has depreciated by 40%, which is a terrible depreciation. Although I don’t know how much money international capital has made from this, any fool can guess that Britain’s losses this time are definitely not small.
"Sir, would you like to ask our little comrade how much he earns?"
An old man couldn't help but said.
"Why bother with so much. It's up to others to make more or less. We don't want to interfere in everything, lest they feel uncomfortable. We also don't want to just focus on the money in other people's pockets..."
The old man waved his hand.
There is no need to report the money that Huasheng Group makes legally abroad to China in detail. As a government, it only needs to provide good services to enterprises. As long as Huasheng Group does not break the law or act randomly in the country, everything will be fine.
Stock trading and foreign exchange trading are legal businesses.
Huasheng Group is now not only a domestic giant, but also an international multinational company. There is a lot of business overseas and a lot of money earned from foreigners. As Huasheng Group grows larger, some things can no longer be the same as before. Even they have to respect others.
The drama finally came to an end.
The next day, the London stock market opened, and the exchange rate that had fallen rose, and finally stabilized. The exchange rate number remained stable yesterday before Xu Huasheng and the others broke the market.
In the end, the pound depreciated by 25% against the dollar, and many people breathed a sigh of relief. Yesterday's 40% was terrible, it was cut in half. Although the 25% is painful, it is still barely acceptable.
"The pound plummets, Soros and Wall Street win big..."
"The United Kingdom and the United States secretly fought, but in the end American capital won, and the United Kingdom lost as much as 50 billion U.S. dollars..."
"Who hollowed out the UK? A detailed explanation of the story behind the pound exchange rate war..."
"The man behind the European currency crisis, the real horror of Wall Street..."
"The United States is the mastermind behind the scenes. A detailed explanation of the importance of dollar hegemony to the United States..."
"A shame for Europe, only an independent and strong Europe can protect itself..."
Early in the morning, many media around the world began to report on yesterday’s events. Many mainstream media in Europe and the United States are also discussing it, but different countries have different views.
For example, the American media discusses the idea that the British economy has its own problems, and the depreciation of the pound is the law of the market.
The European media, however, discussed the lessons and impact of this currency crisis, while implicitly pointing out the sins of Wall Street capital, but did not dare to report it in a big way.
However, the mainstream media in Europe and the United States did not interpret it, but the gossip tabloids below directly moved closer to the conspiracy theory. These tabloids seemed to have discussed it well, and they are carefully interpreting this matter today.
Let the man behind this matter move closer to the United States, closer to Wall Street, and closer to Soros. He praised Soros as a god-like figure and the god of the stock market.
However, the final conclusion of all these reports points to one sentence: a strong Europe and a strong Britain are not in the interests of the United States, and the United States is the real culprit behind the scenes.
Europe is like the fat sheep raised by the United States. Just like Japan, it is slaughtered when it is fattened.
After seeing these reports, Soros almost went crazy. Damn it, I don’t want this fame. Who the hell is cheating me?
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