Chapter 569 (1/2)
William Morgan did not open a breakthrough only in Xiangjiang, but also in the Middle East and Britain. In order to win and prove himself to the family, he found a good relationship, which can be described as a multi pronged approach.
At the same time, in order to help his son, old Morgan called the Rothschild family, which was the first time that the head of Morgan family called the Rothschild family after the victory of World War II. But what he didn't expect was that the Rothschild family didn't give face, which made him very incomprehensible.
Although there are some contradictions between the two families, we are Jews after all and have the same ancestor. Now it is obvious that helping outsiders is not enough. I have lowered my posture and still don't give face. This is to compete with the Morgan family.
Old Morgan, who met with a wall in the Rothschild family, turned to warn the Middle East Royal family and clearly told them that this is the United States and this is Wall Street. If you want to mix in this area in the future, you'd better follow the rules formulated by the Morgan family.
The royal families of some small countries in the Middle East have some concerns. After all, they invest a lot on Wall Street. Offending the king here is not worth the loss, but I don't know what happened. The news that the Morgan family threatened their opponents was disclosed.
American newspapers don't care who you are, and the Morgan family has many competitors. Now it is found that old Morgan can directly threaten and intimidate his opponent for his son. Is this what free America can do!
The Boston post was the first media to report the news. It introduced in detail that in order to help his son intimidate his opponents by using his influence in the U.S. financial circles, he also used national resources to buy off his opponents.
The report, fueled by people with intentions, let the world see the face of the Morgan family. This Wall Street financial giant is so shameless. Some members of Congress even came out to criticize the Morgan family for taking advantage of the power conferred by the state to buy off their opponents, which is giving away the wealth of the American people.
At that time, U.S. President Reagan belonged to the Republican camp, and the Morgan family was the largest financier of the Democratic Party, which made President Reagan speak out and publicly accuse old Morgan of tarnishing American capital freedom and hindering American economic development.
Seeing that things were out of control, old Morgan had to pretend to be ill at home. Now the people let him explain. How can this be explained clearly.
After the failure of coercion and inducement, William Morgan began to increase his efforts to short. However, this time, the bull side is not only a few institutions, but also the people of Xiangjiang. The Hong Kong dollar exchange rate began to rise at a speed visible to the naked eye. By Wednesday, it had recovered to 4.6 yuan, basically back to the level at the beginning of the year. When it closed on Friday, it rose to 4 yuan, which has exceeded the expectations of Xiangjiang people.
It can be said that after a wave of operation, the Hong Kong dollar exchange rate has increased by about 8 points compared with the beginning of the year. Baozixuan dare not let the Hong Kong dollar continue to appreciate. In that case, it will be a fatal blow to Xiangjiang export enterprises.
At this time, the hedge funds involved in shorting Hong Kong dollars on Wall Street were indeed crying. The whole wall street lost $20 billion in this action. This does not count the short orders in the futures market. Now there is no Hong Kong dollar selling in the market. They still have short orders ranging from one month to three months that have not been closed. If it cannot be delivered at that time, it is short buying and short selling, and it will be severely punished at that time.
At this time, many institutions are trying their best to buy Hong Kong dollars. Only in this way can they close their positions. Losses are inevitable, but failure to deliver at maturity is a violation of the law.
William Morgan said to the housekeeper Leon, ”how much will we lose this time?”
Leon: ”young master, we Morgan bank lost more than $10.3 billion this time, but it's not over yet. We still have HK $85 billion of open positions in the futures market, because there are not so many Hong Kong dollars on the market. All the funds on Wall Street participating in this action are buying Hong Kong dollars, and they also have a large number of short orders in the futures market. ”
William Morgan: ”then step up the exchange of Hong Kong dollars. Unexpectedly, the Rothschild family and the Middle East dare to make trouble. Next time I have a chance, I'll definitely make them look good. ”
Leon was secretly disappointed. Does the young master have a future! At least it's difficult in the financial field. The master had to pretend to be ill at home in order to help him. Will the rest of the family let the high minded second Lord continue to take charge of the project!