Chapter 120 Britain being rubbed on the ground
Marx once said: The economic foundation determines the superstructure.
With the free fall of the pound, criminal incidents in Great Britain increased at geometric ratios within three days, and at least three people died almost every hour.
Suicide, homicide, and gang fights have put the entire society in serious turmoil.
This is a reasonable and unreasonable result, but for the British Cabinet government, it is an unbearable result.
The free-falling pound has made many people bankrupt and homeless. The demonstrations and marches on the streets are about to turn into violent actions. Major himself and the Chancellor of the Chancellor Norman Lamont have also been questioned unanimously by the public and the media. Some media even directly named the Major's government's policy of promoting Britain's accession to the European Community, which was simply a treason.
"He is the biggest short seller in the market, and I suggest calling him to talk, which will help the situation now."
"Emma, you're crazy. Don't you know that the damn bastard might be an Oriental? That's absolutely not possible."
"So what about the Orient? John, can't you see what kind of crisis this country is facing? I ask you to go to the streets to see. Every minute, people die because of poverty. If you continue, is it the result you want to see?"
"This is all done by that damn bastard demon. Without him, the pound would never have depreciated to this point."
"Then do you know how much public pensions are left in society now? We can't even last for more than three months. How many people will face homelessness in these three months?"
“……”
Conference hall on the top floor of the Admiralty Building.
Affected by the recent economic chaos and the huge changes in social security, an emergency cabinet meeting was held under the leadership of Prime Minister John May.
But when talking about how to solve the current dilemma, John Hancock, Secretary of State and Speaker of the Privy Council, had a fierce dispute with Emma Rard, Minister of Employment and Pension and Minister of Women and Equality.
As the Minister of Employment and Pension, Emma Rard deeply knows how serious the country is facing. The employment rate is declining, the number of people receiving unemployment benefits is increasing, and social pension funds are also declining. If the current problem cannot be solved as soon as possible, there will be a gap in social public pensions soon.
This is a very difficult problem.
Once the social annuity reaches a point where it is too late to make ends meet or even unable to pay, anyone can think of it as a disaster, and even millions of people will die.
In order to find a solution to the problem, Emma Rad specially visited the door to ask the most capable and prescient economic and financialist Pound Brooke.
This former Bank of England executive who had expected the Bank of England to do useless work was impressed by Emma Rard's sincerity.
He believes that the root of all problems lies in the price of the pound falling freely.
As long as the value of the pound can be stabilized, the capital that fled from Britain will gradually calm down. With a series of stable reform measures, I believe that the country will survive this crisis soon.
If you want to stabilize the currency value of the pound freely, you can try to make peace with the largest short sellers in the pound at present.
This is an irritating and frustrating proposal.
At least, for John Hancock, Secretary of State and Speaker of the Privy Council.
Judging from the information of mi5, the largest short capital in the pound is Shen Jiannan, a bastard who has been shorting the pound before. His German Investment, Kamandy and Capital No. 1 hold at least one-fifth of the short positions in the market.
It was this guy who defeated the pound, but now someone actually asked the Prime Minister to negotiate with such a damn bastard.
The Prime Minister represents this country. How can Britain's honor bow to a bastard who is suspected to be a Chinese?
This is absolutely not possible.
Bang--
John Hancock was furious after being criticized by Emma Lard, and he slapped the table and stood up.
"I absolutely disagree with your advice, and doing so will only bring shame to Great Britain."
Bang--
Although she was a woman, Emma Rard had a little temper. She stood up without being outdone and was unwilling to be outdone.
"His Excellency Hancock, if you have a better offer, I support your idea, but if you can't come up with a better solution, then please shut up."
"you......"
Hancock stared, he didn't know how to answer the word "you".
The Bank of England has spent all its money to keep the price of pounds, so what good is he going to do?
"His Excellency Lamont, is there no other way for your Ministry of Finance?"
“……”
Hancock your mom criticized.
The old god was playing the show for the melon-eating crowd, and the good Hancock led the fire to him. Isn't this a scam?
He has taken the blame enough, and now he still wants to take the blame.
Sure enough, Emma Rad, who was as good as a man, suddenly changed his sight.
"His Excellency Lamont, Mr. Pound Brooke has reminded you that it is more in the interests of Great Britain than to stay in the European Community."
Why did you reject his suggestion?
If the Bank of England did not exhaust all its foreign exchange reserves, we would not have to face this crisis at all."
The Bank of England was still forced to withdraw from the European exchange rate mechanism and fell into free fall despite exhausting all its foreign exchange reserves and borrowing seven billion pounds from IMF.
If we directly withdraw from the European Community at that time, with the size of the Bank of England's foreign exchange reserves, even if the interest rate is reduced, we can completely control the decline of the pound.
This is a very unreasonable logic.
Who would have thought that things would come to this point?
But losers do not have the right to speak, life is like this, and politics is even more like this.
The result is the root of everything, and the cause and process are not that important at all.
Lamont's face turned red by Emma Rad's words, but he couldn't refute a word. He could only blush and glanced at John Major opposite him.
Major was not in good condition. The media and the public kept accusing him of his wrong political strategies, and his competitors also seized this and kept attacking him. The bad situation made him unable to rest for three days.
But now, the damn Lamont actually burned the fire to him again.
Dog-good bastard, please wait for me.
Annoyed, he looked at Norman Lamont, who was ruling the blame, and Major stood wisely on Emma Rad's side.
"I agree with His Excellency Rad's suggestion, but the question is, will he talk to us?"
“…”
This is a very serious question.
After all, John Major represents the entire Great Britain, and Shen Jiannan is the largest seller in the pound market. He is the bastard who defeated the Bank of England and rubbed the reputation of Great Britain on the ground.
If John Major, a prime minister, sends an invitation to the bastard who sniped the pound, it would mean shame itself, and if it is rejected and spread, the whole of Great Britain will be greatly humiliated.
God, do you know that the British Prime Minister wanted to find a devil to beg for mercy, but the devil did not agree.
Such arguments are absolutely unacceptable to Great Britain.
The huge conference room fell into a brief silence, which was related to the honor of the royal family and the dignity of the country. You should not be careless at all.
But it won't work without talking about it.
The pound position held by Kamandy and German and Capital One account for one-fifth of the market's selling positions, which is the banner of short will. It doesn't matter that if such a large-scale position withdrawal, the price of pound will definitely rebound quickly under the convergence effect.
Everyone present stared at me, I looked at you, I didn’t know how to speak for a while.
Talk about the risk of losing face with dignity, but it is not OK to talk about it.
Suddenly, Norman Lamont felt the atmosphere in the field become a little weird. At some point, his eyes were fixed on him.
"I suggest that you can ask Lord Lamont to try to negotiate with that bastard first."
Chapter completed!