Chapter 500 (1/2)

After the two-day market closure over the weekend, in the new week, international hot money once again launched a larger impact on the pound.

In the face of the surge of sterling orders in the foreign exchange market, the British government just managed to hold on for two days on Monday and Tuesday, but gave up guarding the exchange rate of the pound and was forced to announce the devaluation of the pound.

At the same time, the British government officially announced its withdrawal from the European monetary system.

Those who know a little bit about the international financial situation understand that the reason why Britain, or the whole of Europe, was robbed in the final analysis is that the United States on the other side of the Atlantic is defending the global hegemony of the US dollar.

With the withdrawal of the pound from the European monetary system, the idea of the European Community trying to use this system to fight against the US dollar was officially shattered.

The media of European countries recently attacked Soros's Quantum Fund and other international hot money, which made Soros ”infamous”. However, for any discerning person, we all know that it is the US government that really promotes this matter.

Soros is just a bird, a scapegoat.

Of course, Soros, who has been put on the table, is not at a loss, no matter he is an outsider or a scapegoat.

After the British pound gave up its resistance, European currencies such as Spanish peseta and French franc were attacked one after another to varying degrees, and the European monetary system basically survived in name.

During the whole confrontation, the British government invested 27 billion pounds to stabilize the exchange rate, but it still failed. But at the same time, just Soros made a profit of US $1 billion in this attack on the European currency, and the total profit of other international hot money is hard to estimate.

Soros became famous in the first World War and was in the limelight on Wall Street for a while.

At the same time, the media soon noticed cersei capital, which had been silent in the process of attacking the European monetary system.

began with the stock market crash in 1987, followed by the Japanese stock market bubble and the collapse of the US bond market. However, this excellent arbitrage opportunity, cersei capital appears silent, which is obviously abnormal.

In the media's attention, the inside story will soon come out.

The Wall Street Journal published a special feature article on September 26, with the headline of ”cersei capital's magic is no longer.”.

This paper starts with the European monetary crisis, which has just settled down. First, it touts the brilliant performance of quantum funds in this crisis. Then the conversation turned and began to expose the ”inside story.”.

The article describes that just a week ago, cersei capital's cersei fund management company, three top fund managers suddenly left and took away a hedge fund team of more than ten people. These people refused to be solicited by other Wall Street peers, quickly set up a new hedge fund, and began to raise funds.

As one of the most confidential companies on Wall Street, cersei capital has disclosed very little information.

This time, the reporter of the Wall Street Journal was acutely aware of something. After some twists and turns, he finally got the opportunity to interview three fund managers who left cersei capital.

The reason for the departure of the three managers is the European currency crisis.

It turns out that as long as a year ago, one of the three managers had predicted the possible occurrence of the European currency crisis, and made a return to the top management of cersei capital, hoping to arrange ahead of time.

At the top of cersei capital, of course, are the Westeros.

However, unlike in the past, this time, the Westeros misjudged that the pound, which has been strong for hundreds of years, could not be devalued, and the strength of one or several hedge funds could not shake the whole European community. Therefore, to attack the European currency is totally fanciful.

In the following year, the signs of imbalance within the European monetary system became more and more obvious. Especially after other hedge funds on Wall Street began to lay out, the three fund managers submitted reports to the Westeros more than once, hoping to lay out this.

All of them were rejected.

In the end, cersei capital can only watch the quantum fund and other Wall Street capital make a lot of money in the turmoil of the European monetary system, but it can't do anything.

Out of disappointment at the increasingly headstrong vestrov, the three managers finally decided to leave and work alone.

What a sad story.

Is there anything like the rapid rise of Wall Street and the rapid decline of its natural favorite?