Chapter 211 Attention Soros

In August, Li Haoran began to work at Longteng Fund. Zhang Bixuan asked him to pay attention to all the financial news in Europe recently.

A few months ago, European countries signed the European Economic and Monetary Union Treaty in Maastricht, Netherlands. The two treaties of the Political Union Treaty are the basis for the European Community to upgrade to the EU. Of course, this treaty also provides financial speculators with an opportunity to severely damage the UK, a veteran financial powerhouse.

The purpose of the European Monetary Union Treaty is naturally to promote economic integration within the European Union, unify the markets between member states, and to perfectly coordinate the economic policies between member states, and ultimately establish the European Central Bank at the end of the century and complete monetary unification.

Because the tacit understanding among the members of the European Monetary Union that was established is not so close.

Because before the euro had obtained the currencies of many European countries, most European countries, including the United Kingdom, stabilized the exchange rate of their own currencies on the German mark. Just as Hong Kong's Hong Kong dollar and the US dollar were stable at the exchange rate of 7.8:1, the United Kingdom forced its own currencies to be tied to the mark to keep 1 pound at a stable exchange rate of 2.95 marks. Other currencies pegged to the German mark appreciated relative to the pound, and some depreciated relative to the pound, resulting in a relatively chaotic exchange rate.

At the same time, after Germany's reunification, West Germany imported a large amount of funds to East Germany in order to rebuild the East Germany economy. Although the output of funds would cause a serious burden on the treasury, a man-made prosperity would appear in Germany.

At the same time, other European Monetary Union members, including the United Kingdom, have a downturn in the economy and the unemployment rate remained high. If Germany naturally raises bank deposit interest rates in order to curb its own economic development and prevent the risk of inflation, so as to increase capital costs and suppress investment behavior, and of course, it also curbs consumption behavior. If Germany sacrifices its own interests and safeguards the interests of other European member countries and the euro, it should give up raising interest rates.

In fact, Germany did not sacrifice its own interests for other countries. The Germans were already scared by the terrifying inflation in the 1920s and 1930s. In the summer of 1992, Germany frequently raised the interest rate of its own bank deposits.

Once Germany takes monetary tightening measures to raise bank deposit interest rates, it will inevitably cause the appreciation of marks compared to other currencies, which is very unfavorable to stabilize the exchange rate between member states of the European Monetary Union. Therefore, other member states must successively raise domestic bank deposit interest rates to maintain the stability of the exchange rate with the mark. However, raising bank deposit interest rates will cause a large amount of cash deposited in the market to be deposited into the bank, which will affect the activity of the economy, and will naturally make it worse for countries with a downturn in the economy.

The spirit of "sacrificing the ego and saving the ego" seems to be difficult to achieve. Therefore, many countries refuse to coordinate with Germany. Britain is one of the countries. Although the proud Britain is no longer a superpower, they still regard themselves as a big country so that they will not be consistent with Germany for the interests of other European Monetary Union members. At the same time, the recession of their country's economy has also made the British government unwilling to raise deposit interest rates and make the market even more deserted.

"We need to start paying attention to Quantum Fund and Soros!" Zhang Bixuan instructed, "I suspect he will block the pound and the Bank of England!"

"So, what are we going to do? Give Soros a blow to destroy the Quantum Fund? Or block the pound with him?" Li Haoran said.

"No! We are gentlemen, how can we do such a despicable and shameless thing? If you want to do it, you must be heroes. When the entire British financial order is in chaos, we stand up to save the British economy. How much do you think people will appreciate you! Li Good Man!" Zhang Bixuan found that Li Haoran now has a title of good man who is very popular in the world. This title is very useful. US$20 billion has created a good man archway similar to sages, making himself want to do something that makes people seem unreasonable through Li Haoran to make it reasonable.

Under the guise of saving and the guise of good people, he can acquire some of the British recession factories with luxury car brands, and can successfully absorb them in the British government's favorable feelings for him in the 1990s when the UK sold its gold in the vault.

Since the 1980s, the main contribution of gold has been to the three major institutions with the largest gold-owned institutions, including the World Bank, the Federal Reserve and the Bank of England, sold gold and demonized gold. At this time, the British seemed to have ignored the words "US dollar, pound is naturally paper, and gold is naturally currency!"

Zhang Bixuan believes that world currency has never developed history, only a history of depreciation and inflation. Gold is the currency issued by nature and the last guarantee of the world's financial system. When global finance collapses and the final judgment comes, only precious metals issued by nature, such as gold, can be valuable currency!

Before 1992, Soros and his quantum funds were insignificant little people on Wall Street, small funds. The 1990s was destined to be the glorious era of Soros. It was not that Soros was so rich or how successful he invested. Instead, Soros became a financial killer by constantly blocking the economy of other countries in the 1990s. In 1992, Soros officially kicked off the crazy blocking of finance in various countries. In this process, Soros may not have made too many profits to make legitimate investments on Wall Street, but the financial ruins left behind made hundreds of millions of people around the world never forgive him. If resentment could kill people, Soros would have died countless times.

In the early 1990s, the GDP scale of the entire earth was about 50 trillion US dollars. Soros' annual investment income was just an ant in front of this huge and vast data. Zhang Bixuan's 10% of the total GDP of the world in 1992 could reach half of the GDP level of the United States, which was about the same as Japan's total GDP this year.

The collapse of the Soviet Union and the rare financial disaster in Japan, these two rare opportunities in a century, made Zhang Bixuan's financial kingdom. Even Rockefeller, who had the strongest influence in the early 20th century, had the wealth that Morgan once had was only about US$200 billion in the 1990s, and only the Rothschild family, who was called the "sixth largest power in the world" at its peak 200 years ago, had the qualifications to compare with Zhang Bixuan.

Not to mention the reputation of Longteng Fund’s three major investment gods, the main god Zhang Bixuan, and the two servant gods Li Haoran and Eddie Sekota. Just say that Buffett, who was ridiculed by Eddie Sekota on Wall Street, had investment returns much more successful than Soros.

Eddie Sekota is a guy who likes to brag. He often tells reporters on Wall Street: "Zhang Bixuan is the first, I am the second! There is also a little weaker than me. Apart from that, no one in the world understands finance and investment!"
Chapter completed!