nashuaworldcup Chapter 146: Playing a big game, the richest man Li wanted to escape, but it was too late
Chapter 146: Playing a big game, the richest man Li wanted to escape, but it was too late
In fact, Wang Lei has his own account in mind.
According to their understanding, Eagle Country only has US$440 billion in foreign exchange reserves at this time.
This means that Cayman Capital has nearly US$440 billion in short-selling space.
Because Schlesinger publicly stated that he would not cut interest rates, everyone knew that the pound would depreciate, so naturally they would not buy pounds at this time.
The pound-buying central banks and their fellow sufferers.
If it exceeds Eagle Country's official purchasing power (440 billion), no one in Cayman will dare to take over the pound sold, and short selling will naturally lose its meaning.
Including Italy, Finland and Sweden, this number is only 1000 billion. The well-capitalized Cayman Capital has no problem swallowing them all and does not even bother to use leverage.
The war has not officially begun yet, and Robert feels that Cayman Capital will win.
He believes that the Eagle Country officials do not dare to raise interest rates. If they have to choose between a more severe economic recession and the depreciation of the pound, the other party will choose devaluation without hesitation.
Devaluation will only hurt temporarily, but an endless economic recession will hurt for decades, even half a century.
In such a situation, Richest Man Li smelled a crisis.
He has not been idle in the past few years and has transferred most of his assets to European countries, among which Eagle Country is the focus of his investment.
In addition to investing a huge amount of money in new energy trams, he also started his old business in Eagle Country, which is a real estate business that makes money quickly and steadily.
He took a fancy to Eagle Country's loose lending policy and borrowed heavily to develop real estate.
We have won many major demolition and construction projects.
The land price in Eagle Country itself is not cheap, and demolishing old buildings costs a huge amount of money.
Even though he knew he had to invest a huge amount of money, Richest Man Li still had no hesitation because the people of Eagle Country did not give him any more choices.
If you want to get involved in the core industry of Eagle Country, you must first chew off the bones left by the local powerful.
In this regard, the richest man Li had no hesitation and plunged into it.
So after seeing Schlesinger's public speech, he angrily smashed his new color TV.
He had a bad feeling that he had fallen into a trap.
If the pound continues to depreciate, his net worth will continue to shrink.
But there is still a trace of luck in his heart. Eagle Country has a profound foundation, and even if it depreciates, it won't be too much. As long as he survives this period, his assets are still guaranteed.
Unfortunately, reality is always cruel.
Cayman Capital Wall Street Headquarters.
Robert held another press conference.
Reporters who smelled blood swarmed in.
Reporters who were already familiar with this short-term strategy took the initiative to ask:
"Mr. Robert, who are you going to short this time?"
Robert did not disappoint them this time. He cleared his throat and shouted:
"The pound will definitely collapse within a month, and it and its fellow sufferers are within our short selling range!"
The reporters below heard this and were extremely excited!
That was the former world hegemon, Eagle Country!
At its peak, the empire covered an area of 3550 million square kilometers (24% of the planet's total land area)!
The population at that time exceeded 4.13 million (accounting for 23% of the world's population)!
Now Robert has publicly threatened to destroy the monetary system of Eagle Country. Is this arrogance or arrogance?
Reporters and viewers all felt that Cayman Capital was lost. The pound was once the world's common currency, so was it something you could short?
But Wall Street hedge funds, large and small, are starting to make moves.
Familiar taste, still the original recipe.
If you follow the big brother, you will have meat to eat, and even a small moneymaker can follow him and drink some soup.
Cayman Capital is not alone in short selling, nor is it the only player in this financial game.
When a whale falls, all things are born.
After the collapse of Sakurajima, dozens of small hedge funds were spawned, and large loser hedge institutions including Proton and Tiger were enriched.
The scale of the short side is no longer the same.
They launched attacks around a dozen countries.
What Wang Lei and Robert never expected was that Finland would fall first.
Finland fell a little innocently because it had not actually joined the Deutsche Monetary Organization, but it should never follow the example of others who also tied the mark.
It did not join the Mark Currency Organization, so it naturally did not receive assistance from other members of the big family, so it was ruined on the first day it was attacked.
Many hot money also knows that it is easy to pick the weak, and Sweden has become the second victim. However, the World Bank is no joke. The large amount of black gold allows it to do whatever it wants.
It raised the interest rate to a terrifying 75%!
A lot of small hot money was suddenly hit hard, and only the three major short sellers took a small advantage.
A small temporary failure did not dampen the enthusiasm of many hot money.
The battlefield was moved to Italy.
The Italians brought in Italian artillery, and as a member of the Deutsche Monetary Organization, he received $300 billion in lira from Schlesinger.
Schlesinger is really powerful, but it is obvious that the Italian capital still cannot compete with the wealthy Cayman capital.
After only two days of persistence, the Italians raised the white flag and actively began to devalue their currency, the lira.
As the eldest brother, Schlesinger expressed his deep condolences for the devastation suffered by his friends. At the same time, he also felt a little shaken in his heart when he insisted on not cutting interest rates.
With the persuasion of other countries, he symbolically cut interest rates by 0.25%.
Wang Lei took a look and said, This is not possible. Sir, how can you not be strong-willed?
With a big wave of his hand, our player Lindgren was released.
After blocking him for a while, Schlesinger gasped and cursed Lindgren for looking down on others.
Until this time, Lamont, a native of Eagle Country, still maintained an optimistic attitude. He felt that it was wishful thinking for hot money to force Eagle Country to bow its head.
This is how he comforted Richest Man Li:
“We have resisted Cayman Capital’s attack for almost a month, aren’t we still doing well?
What's more, we have borrowed 200 billion US dollars from the US imperialism to defend the dignity of the pound.
The Germans have already cut interest rates by 0.25%. Although it is only a small amount, there must be two reasons. Schlesinger's mouth has become loose. "
After listening to the other party's analysis, the richest man Li suddenly felt at ease and gave up the idea of selling off non-performing assets.
At the opening of the market the next day, Eagle Countryman's optimism seemed to be confirmed. After he spent $7 million to buy the pound, the pound rose by 1%.
Lamont patted the richest man Li on the shoulder:
"Brother, how about it? I didn't lie to you. The pound is rising against the trend. We have sufficient foreign exchange reserves and we are not a small fish and shrimp that can be bullied by others."
"Minister, the increase is only 1%. Don't you think something is wrong?"
Mr. Li has a bad premonition, the sun never sets on Imperial Pills!
"There's nothing wrong. Boss Li, don't scare yourself. Go get some sleep. Our Yingguo officials will not treat our own people badly."
Hearing the word "self", Richest Man Li was shocked, and suddenly burst into tears of gratitude. It was so difficult for a dragonborn to be recognized by foreigners.