Winner Takes It All, Resurrection 2009

Over the next few days, the situation spiraled out of control.

Unable to close positions to stop losses, and wanting to go long to hedge risks, but unable to grab enough chips, Wall Street has completely failed this time.

We can only watch the exchange rate of GBP to USD rising all the way. 175 was just the beginning, 180 took a brief break, 185 flashed by, and 190 is about to come.

Wall Street is furious, and Washington is also completely furious, but it is only a brief anger because all major economies have made concessions and acquiesced to the U.S. market pulling the plug. What else can be expected?

The rules of the game are here. You have to accept the consequences if you lose. Who says that American capital can only win and not lose?
The mold is certainly powerful, but the whole world united is no pushover either. Due to the loss of excess profits due to the liquidation of over-the-counter agreements, capital from various countries has been making a fuss and conveying their dissatisfaction upwards.

Now no one dares to continue compromising. The dissatisfaction of American capital is not fatal. If we resist the pressure and delay it, the matter will pass. But if our own capital completely turns against us, then we will be doomed.

If you are taking taxpayers' (mainly big capital) money, you have to do your job well, otherwise you'd better go home and hug your children as soon as possible.

When the American capital saw that they could not suppress the enemy by force, they immediately changed their attitude and began to divide and conquer them one by one.

But Ou Meng is not so active, because the grudges caused by the European debt crisis have not yet been resolved, and various countries have accumulated a lot of anger with nowhere to vent it, and they finally found an opportunity to take revenge.

If you want to negotiate peace, leave half for a bribe first. As for the other half, if you are in a good mood, I will leave you some, but if you are in a bad mood, you will have to eat it all.

As for the University of Tokyo, it was clueless. How could a financial institution from the University of Tokyo be involved in long positions on the pound and the euro?

real or fake?

Is someone trying to sow discord? This is impossible. Todai has never, is not, and will never be involved in setting up a scheme against American capital. This is absolutely a rumor!

What, you have some evidence?
I don't know. Besides, mobile Internet is so convenient now. You can make money from Europe flow to Dongda with just a few clicks. Someone must be pretending to be a Dongda financial institution and going long in an attempt to muddy the waters.

Dongda and the United States are traditional good friends. Your business is my business. I will find time to check it out for you later, no matter who it is who uses the channels of Dongda’s financial institutions to oppose American capital.

Once discovered, there will be no leniency.

As for when the truth will be revealed, only God knows.

As for including the pound and the euro as anchors for the issuance of the RMB and implementing a basket of currencies, I'm sorry, didn't Washington agree to this in 09?
(In the 08 financial crisis, in order to survive the crisis, US capital made a lot of false promises to Dongda, Big Cat, Jiaobenji and other economies. With the support of these economies, US capital blocked Oumeng Capital from entering the market to buy at the bottom at the most critical moment.

For example, Bear Stearns, Merrill Lynch, and the two housing agencies were spared from being acquired by European companies. The massive amount of cheap industrial products imported by Dongda provided credit endorsement for the special rescue market bonds issued by the Federal Reserve.

That is, the U.S. dollar can unconditionally purchase Dongda industrial products, Big Cat energy minerals, and share the results of China's technological research and development. It is these key resources that support the credit of the U.S. dollar at critical moments.

After the crisis, not only did the US fail to deliver on its promises, it also destroyed the results of the agreements implemented by various economies.
The contract in black and white is still in the safe, so please don't slander me.

Even a rabbit will bite when it is cornered. Previously, the 5 trillion swap agreement in the East Asia Free Trade Zone was ruined. It was outdone and had to admit defeat. Now it is playing with anchor reforms behind closed doors.

What has this done to American capital? If you really want to make a big deal out of it, then let's settle all the old and new accounts together.

The American capital has no way to deal with the tough situation, and they dare not completely offend the University of Tokyo at this critical juncture. On the contrary, they have to offer benefits to coax it, so that the University of Tokyo will not roll up its sleeves and take action.

But then they sent a large business group of senior executives from multinational corporations to the Third Brother's house to sign a large number of investment agreements, making the Third Brother so happy that his mouth almost cracked with laughter.

The American capital is coming to India soon. They will make sure that neither the people nor the investment will escape. They have even thought about the future and how to make the most of it legally and reasonably.

Among them, Greg, the global vice president of BlackRock, played an important role. Following the instructions of Li Zehua, the big boss behind the scenes, he specially arranged someone to reveal the trump card to the third brother in private during the negotiations.

He also hinted that India could make a point of taking care of India's executives working for large American companies during the negotiations so that they can take on greater responsibilities (and drag more companies into the water).

It is no wonder that Li is so vicious. He never misses any opportunity and tries his best to push the senior executives of the Third Brother to a higher level, causing harm to the American manufacturing and financial industries.

Greg also admired it because he could make money from two sources: the successful negotiation would benefit the American capital, and he would receive a lot of bonuses for his outstanding achievements.

In order to find out his cards, his negotiating opponents also stuffed money into his pockets through secret channels.

The negotiators from the Third Brother's family were eager to get more top-secret information so as to gain a favorable position in the negotiations. They were very happy to give money and even gave rebates in proportion to the amount of unplanned investment. As a result, both the host and the guest were happy for a while.

Then the Third Brother added this clause to the formal cooperation text, otherwise don't expect the Third Brother to let go of the trapped funds easily.

Sri Lanka's idea is very simple, and is also driven by huge practical interests. On the one hand, it takes care of the country's outstanding talents and publicizes their achievements, and their move to more important positions can also help the country.

On the one hand, the economic development of Sri Lanka, especially the increase in foreign exchange reserves, is inseparable from the remittances from outstanding overseas talents. Remittances account for almost half of Sri Lanka's foreign investment.

The American investors were delighted when they heard this. This was such a good thing. It was like a pillow for your sleep. They were planning to promote a large number of management talents from India!

So without thinking, I used this as a bargaining chip to get the third brother to compromise in other aspects.

It's simply because the losses this time were too great and Wall Street needed to make up for the loss. It asked its opponents to stop going long on the pound and wait until they had recovered before fighting back one by one.

Internally, it also requires further cost savings, improved work efficiency, and enhanced competitive advantages of domestic goods and services.

When it comes to understanding cost reduction and efficiency improvement, even if all the people in the world were put together, they would not be a match for India.

The three steps of layoffs, outsourcing and blame-shifting are played so well!

First, all non-essential positions were eliminated, even R&D and technical personnel. As long as the salary was high, they would be fired regardless of their ability, and then cheap Indian employees would be hired to deal with the situation.

This includes core technology research and development projects, procurement of key components in the industrial chain, and even overall segmented outsourcing in order to save money, and even the entire industrial supply chain companies, which can be packaged and relocated to the lower-cost Dongda University. It is not impossible for San Ge's family to do so.

With these two panaceas, all problems are solved. The market that originally required the joint efforts of 10,000 people to maintain now costs 10 billion yuan in high production and maintenance costs each year.

Now we only need 3000 cheap Indian workers and 30 billion a year to get the job done. You see, the 70 billion saved in costs will become profits, right? How simple!

As for the problems such as inefficiency and a sharp drop in product quality leading to frequent accidents, it is not a problem at all. We can just take out a few hundred million from the 70 billion saved for public relations and hire lawyers, and actively lobby Washington, and everything will be fine.

If anyone is blind enough to point out the problem publicly, make him shut up forever.

What does it mean to pass the buck?

This is the most perfect way to pass the buck, to put all the problems on the consumer market, to solve the problem once and for all by allocating funds rationally to the maximum extent and investing in key resources (resources that hold the microphone and make decisions).

In addition, the senior executives of San Ge are nice to talk to, flexible and adaptable in their work, and will solve problems directly at the source when they discover them, and will never cause trouble for their superiors. Which boss or investor would not like them?

Even if San Ge didn't mention it, they all planned to do so, so they hit it off and San Ge got the huge investment and other promises he had always dreamed of.

The American capital took home favorable terms that India supported on a series of issues.

After dealing with this family, the American capital took advantage of the victory and came to Singapore again, but they were silenced with just one sentence.

"Do you want to continue to seduce the soft girls to go overseas?"

The US representative was furious and said, "What does this have to do with strictly investigating the funds that go short the US dollar and long the British pound and the euro through Singapore's financial channels?"

The other party asked back: "Among the various funds currently accepted by Singapore, the largest one is Dongda Capital. If you investigate, you will certainly be able to catch a few big fish and recover your losses.

But will the RMB funds, which have suffered heavy losses, dare to come to Singapore with confidence in the future? "

When the US representatives heard this, they thought it was really logical and decided to investigate. At most they could make a few hundred billion dollars, but they would still risk being questioned by the whole world and thus affecting the basis for the existence of the US dollar's credit.

The key is that it’s not worth it for such little money!
After waiting for another year or two, American capital will successfully suppress European capital, and will then turn around and use the Singapore financial market to deal with Dongda Capital with all its strength, taking advantage of the golden opportunity to lure out trillions of RMB.

Crazy shorting of offshore exchange rates, along with crazy dumping of shares by US-funded enterprises in Dongda, burst the bubbles accumulated during the economic growth process, and reap all the economic achievements of 30 years of development in one fell swoop. Isn't it great?

Therefore, they did not dare to force it too much and only asked Singapore for a list of the most popular financial institutions, preparing to make an example of them.

Singapore handed over a list without hesitation, as it would rather see my friend die than let me die. As for the list handed over, all the names on it were competitors of Temasek and Qingyun.

Zhong Xin's name appeared at the top of the list.

After all, it is the largest financial group in the country. How could it be possible to hide any disturbance? Although it has a grudge against Qingyun, it has no grudge against money!
On the surface, they cooperated with American capital to short the pound, but secretly, they had already made sufficient preparations to hedge the risks. After the incident, they kept complaining to American capital, saying that they had lost billions.

In fact, through hedging positions in the Hong Kong and Singapore markets, not only did they not lose money, but they also made a small profit of several billion RMB. Now that the sale was done cleanly, how could the American capital not be angry?

I won't bother with it anymore.

After hitting a hard wall in Singapore, the American capital was backstabbed by the company it supported. It’s so disgusting.

Fortunately, Singapore gave them a tip: "Although the trend of the pound and the euro strengthening will not change, Wall Street still holds the ultimate trump card.

That is the global trade settlement system. Whether it is corporate business cooperation or personal capital inflow and outflow, cross-border transfers must go through this settlement system.

If the parties who are long on the pound and the euro do not accept the final hedging price proposed by the US capital, then Wall Street can completely cut off the channel for the financial institution to remit funds..."

American capital is also anxious about losing money, thinking that hundreds of billions of dollars of huge assets are about to be lost (there are also many more small and medium-sized funds, and international hot money is trapped or even liquidated due to shorting the pound).

I'm so angry that my teeth are itching!

Now that a solution to the deadlock has been found, representatives from all parties were immediately summoned to Singapore to discuss solutions. To put it bluntly, the intention was to play rogue and force all parties to compromise.

However, they proposed to settle at 165, which was rejected by all parties. Gaul even threatened to settle at 205. They had the advantage and were confident in their words. At this price, American capital would be left with nothing.

All parties are currently engaged in intense consultations, but the overall environment is extremely unfavorable to US capital, and a steady stream of long funds are pouring in. If it delays for a few more days, the pound sterling exchange rate against the US dollar will not even reach 205.

Even 250 may not be enough.

At this time, Singapore proposed to cut off the global trade settlement system, which was exactly what Wall Street wanted. Although it might not be used, it was always a bargaining chip in the bottom of the box, which could be thrown out at a critical moment to achieve unexpected results.

As expected, as the US capital threw out this trump card, coupled with the collective deterrence of mold from all over the world, major economies were stunned. This thing is simply inhumane!
But no one dares to bet on whether the anxious American capital will take risks.

So they were forced to make concessions, but there is no need to mention the number 165 that insults their IQ. The parties are not made up of clay, and most of them stuck to the number between 190 and 200, demanding that American capital agree immediately, otherwise they would perish together.

The US capital is just posturing. They dare not really use the trump card of the settlement system. If it encounters a credit crisis, global economic and trade exchanges will explode.

Therefore, they also made concessions, using the long funds of various countries in the U.S. trading market as bargaining chips, and asked all parties to make concessions and resolve the issue between 170-175.

Then the U.S. capital will reopen the U.S. foreign exchange trading market. After all parties have agreed to close their positions, the U.S. capital will cooperate to harvest the hot money and individual investors who followed the trend and make up for the losses.

All parties did not intend to force U.S. capital into a dead end, but now they have a way out and can take advantage of the opportunity to reap the benefits of U.S. small and medium-sized funds and international hot money. So they went with the flow, sat down happily and started to divide the spoils.

However, 170 was definitely not an option, and ultimately all parties reached a resolution of 188, with the prerequisite being to help U.S. capital recover in overseas markets and close their positions through secret hedging agreements before the market reacted.

All parties worked together to push the exchange rate above 205-215, inducing more international hot money that was unaware of the truth to enter the market and go long. When the time was right, they quickly announced the settlement plan to the market.

Then, in one fell swoop, all the small and medium-sized funds were caught in the game where they would not have time to close their positions, and all were trapped at the top of the mountain. When the price fell back to around 165, all parties closed their positions one after another and made profits.

US capital promised not to suppress the pound and the euro, and not to retaliate against major economies. All parties also promised not to suppress US capital.

The major financial groups on Wall Street saw that they could close their positions and stop losses through agreements, and also reap the profits from hot money. So they just needed to grab enough shares for short selling after 215.

It might not only avoid losses but even make a small profit, so it was forced to agree reluctantly. However, it did not think about how much share it would be left with so many major economies joining in.

Even if it uses tricks to get a head start, Wall Street is destined to lose hundreds of billions of dollars in principal this time (the actual loss is less than 200 billion, and it has recovered more than 100 billion by harvesting small and medium-sized funds, slow-reacting financial institutions and international hot money).

All parties allowed Wall Street to close its positions and leave, and even gave it some benefits, just because they were worried that it would suffer huge losses in the end and turn the table. Moreover, after the pound exchange rate war was over, the crude oil futures war was immediately planned.

Wall Street has learned a lesson from its failures. Perhaps realizing that the general trend cannot be reversed, many institutions will follow suit and short crude oil, allowing all parties to achieve their goals ahead of schedule.

After all parties in Singapore reached a preliminary agreement, the American capital was unhappy with its setback and continued to move north, full of anger, to find Tiao Tinghuan's Jiaobenji. The latter also wanted to learn from the University of Tokyo and play deaf and dumb in an attempt to get away with it.

Unexpectedly, he made such a big joke of himself that he was beaten up by the extremely angry American capitalists. He was beaten so badly that he couldn't even recognize his mother. In the end, he could only admit his mistake with tears.

Since American capital dares to come and accuse us, it must have a lot of solid evidence. As for where did it come from?

Dongda, Oumeng, and Xinjiapo all looked up at the sky, indicating that they knew nothing.

This is a loss for sure, the chicken in the basin will suffer.

It even dared not reveal any of its subsequent strategy of shorting crude oil to American capital, because high oil prices were destroying the country's underlying economic foundation, which countless large companies hated.

The representative of Jiaobenji who was in charge of negotiating with American capital bowed madly to admit his mistake, while saying viciously in his heart: "Damn it, wait for the decisive battle of crude oil futures, and then I will give you a big shock!"

On the surface, they are submissive and do whatever the US capital says. However, these financial institutions have already deeply realized their mistakes. Now some people dare to short the US dollar behind the back of the US capital. This is simply unforgivable.

Please rest assured, American investors, before you came, the culprits had already deeply realized their mistakes and took the initiative to make amends one by one.

The main point is that there is no evidence to prove the crime, and the attitude of submission is impeccable.

They only want money. Sorry, all the excess profits created by these financial institutions have been contributed to American energy companies.

I swear to God, this big customer didn’t even want the chicken in a basin even at the ultra-low agreed supply price, but in order to support American capital, he emptied his family’s pockets to buy expensive shale oil from the United States. What else do you want with this attitude?
If Wall Street has the ability, just go and ask the energy sector for money. It's no big deal to bully its most loyal ally. They won't be afraid of being laughed at by the whole world if the news gets out.

The American investors were so angry, but upon checking, they found that the chicken companies had just signed a huge supply agreement with American energy companies (the latter forced them), and they could no longer produce any oil.

In the spirit of the saying "a thief never leaves" ~ ahem, now that they are here, American capital can do nothing wrong. The fault must be that the allies are not sincere enough, and they simply forced China to sign a series of cooperation agreements that are beneficial to American capital.

The latter is helpless, but unfortunately fate is not in our control!

I could only sign the contract with tears in my eyes.

After finally sending the American capital away, Jiaobenji immediately contacted Ou Meng. It was already eager to make a fortune by shorting crude oil futures to make up for the losses of this trip.

Ou Meng started to contact Da Mao, Da Hu and Dong Da again. They sat down secretly and prepared to have a friendly conversation and dig a big hole for American capital...

"Don't be too happy yet. Although we made a lot of money by going long on the pound, it even hit US capital hard to a certain extent, delaying the implementation of its strategic plan.

But we must clearly realize that there has been no fundamental change in the core power balance between the enemy and us.”

At the third secret meeting of the financial industry of Dongda University, when it was Li Zehua's turn to speak, he said bluntly: "Otherwise, there would not be a 1 to 1.88 ratio of pound to dollar to allow US capital to close its positions in the off-market.

To put it bluntly, America's overall strength is the best in the world, especially that huge rumbling force...

We must also clearly see that the global system built by American capital is by no means as simple as it appears on the outside.

Especially the global trade settlement system, which is simply a financial king bomb. China must find a way to establish a separate trade settlement system of our own!" (End of this chapter)