Vol 5 Chapter 137: Uncrowned king

"Tao Di Shi" has a history of more than two hundred years in the UK and is the largest mainstream newspaper in the UK. As a top student who graduated from the Department of Economics at the University of London, Anatoly Kelly also enjoys a high reputation in the UK .
In the process of privatization of state-owned enterprise reform by Margaret Thatcher, he once rejected a purchase of up to 100,000 pounds by the president of a state-owned enterprise, and strongly criticized the embezzlement of state-owned assets by capital during the privatization process.
One hundred thousand pounds, this is a very large number.
At least, it is money that Anatoly Kelly can't make in five years under normal circumstances. It is precisely for many similar reasons that Anatoly Kelly is hailed as the last clear stream in the British media industry and an objective and fair spokesperson.
Everyone has a hero in his heart, and whether this hero is a or a devil is not that important.
For most British people, Shen Jiannan became a hero.
Everyone knows who is the person who launched the attack on the pound. From the "Tao Di Shibao" to an interview with Anatoly Kelly, Shen Jiannan became a lot of Britain as "the one who brought down the Bank of England." Heroes in people's hearts.
Although, in fact, the Bank of England was not destroyed, but he did consume the wealth accumulated by the Bank of England.
This is a very absurd thing.
But the fact is so absurd.
Just like when the Eight-Power Allied Forces entered the imperial capital, countless people took the initiative to become a leading party.
The privatization process promoted by Margaret Thatcher has completely reduced many working classes in the UK to stepping stones for capital. Some families can even purchase state-owned enterprises with assets of several billion pounds at a price of one pound. The slogan for Major’s appointment is to Change this status quo, but the facts have proved the cabinet government is extremely shameless.
Even at the last moment of the devaluation of the pound, the Chancellor of the Exchequer Norman Lamont and the Bank of England are still telling the public that the pound will never depreciate.
"In our conversation, Shen Jiannan, like a financial analyst, believes that speculation is harmful, especially in the currency market."
"But he believes that the measure to stop this kind of speculation is not to stop speculation. Just like a rapist, if he wants to make him truly aware of his mistakes and correct them, the best way is to punish them in accordance with the law, rather than ignore them. His criminal behavior even selectively ignored."
See a doctor if you are sick.
Under Anatoly Kelly's objective economic explanation, everyone knows that the root cause of the problem of the depreciation of the pound sterling is the economic deviation between Germany and the United Kingdom.
But in this matter, the cabinet government ignored the problems of the pound sterling in selective blindness, and used the means of concealing the disease to tell the people that they were not sick, and the final result would only turn a minor illness into a serious illness.
The error itself The error comes from the error itself. Even if I give up the attack on the pound, it will still cause problems.
What I did with the British Pound was to correct the mistakes earlier.
Obviously, the Bank of England did not realize this until the end. They had been trying to restrict currency liquidity until then, which turned out to be usually more harmful. Limiting liquidity will make capital feel panic and uneasy, and will shake investment. The simultaneous decline in the stock market and interest rate market is the best proof. "
It was like a sharp blade that had penetrated too many British people.
In order to intervene in the exchange rate of the pound sterling, the Bank of England raised interest rates several times, causing large-scale sales of national debt and the stock market.
What is more irritating than the fall in national debt and the stock market?
No.
What's more, in the end, the Bank of England dared to fail in the pound sterling, but it caused a full-scale plunge in the stock and bond markets.
The process is not important.
All the results point to one point, the cabinet government is extremely stupid.
A British television reporter declared: "The government's obligation to the exchange rate mechanism should ensure the safety of the Bank of England, but it did not realize this.
The loss is huge because the bank has exhausted its foreign exchange reserves to maintain the pound exchange rate.
The government will not say how much we have lost, but the loss may be as high as several billion pounds. The money spent protecting the pound this fall is far more than the money we spent in the Gulf War. "
In this way, Shen Jiannan became a hero.
Become a great hero in the hearts of the British.
The stupidity of the cabinet government. Most people can only rant and curse, but they are powerless. But at a critical moment, Shen Jiannan gave this stupid cabinet government an iron fist and made them deeply aware of their mistakes.
Of course, those who regard Shen Jiannan as a hero will definitely not admit that it is because the stock market that continues to plummet has rebounded.
In the meeting room of the Admiralty Building, an emergency meeting was forced to convene temporarily.
Prime Minister John Major sat in a chair with an ugly face. Norman Lamont, the chancellor of the exchequer, also had a cloud over his face, a feeling of humiliation and incompetence enveloped the two.
From an objective point of view, what they did was not wrong.
The price of the currency market is related to the future of this country. If you don’t want to do everything possible to prevent the devaluation of the pound, more people will join the ranks of selling the pound. That way, no matter how much foreign exchange reserves the Bank of England has, it is impossible to resist all the people. Sell ​​the pound.
Confidence is more important than gold.
As the Chancellor of the Exchequer, Lamont is well aware of this, which is why he has stated in front of the camera countless times that the pound cannot be devalued under any circumstances.
But the adult world never pays attention to process, especially politics.
Norman Lamont has a feeling of being a dog. He knows that facing the constant accusations from the media and the public, he is afraid it is time to resign.
The atmosphere in the venue was a bit awkward.
The people present are not fools. In fact, it is clear that if they change to the position of Sister Mei, they will probably not do better. If they are to be held accountable, neither the iron lady nor the royal family can escape the relationship.
All the problems lie in the privatization reform. It is precisely because the privatization reform has caused the large-scale annexation of the property of state-owned enterprises that has led to a huge loss of state-owned assets.
Germany?
It can only be regarded as an incentive.
But these things must not be said. The lawmakers looked at each other and sympathized with the newly appointed Prime Minister.
"I think that the fault of this matter is not ours. If Schlesinger promised us to cut interest rates, it will definitely not be the situation today."
"Damn Germans, without their unreasonableness, it would never have been so bad."
"..."
When one person speaks, another begins.
The parliamentarians rushed to accuse the German Central Bank of contributing to the incident, and it seemed that all the faults belonged to the Germans.
Naturally, no one opposes this.
If there are Germans who are in the wrong, at least they will be under much less pressure.
Listening to his colleagues swearing at Cole and Schlesinger, Norman Lamont's heart sank to the bottom. If it was in the past, these guys will surely let him continue to carry on his back. Now it looks like... there is nothing wrong with him.
This is a very bad phenomenon.
The meeting was over, and Norman Lamont walked out of the building behind Major in frustration. He felt very tired in his heart. In this political chase, he became a complete loser.
But he still has the last ray of hope in his heart. The Prime Minister has the right to decide his own minister. If Major himself does not want to expel him, then he can continue to serve as the chancellor of the exchequer.
"Sister Mei is here!"
A scream awakened the cranky Norman Lamont. When he looked up, he saw a dozen reporters blocking the path of Prime Minister John Major with equipment.
A trace of disgust and irritation flashed in Lamont's eyes, as if he saw a bunch of cockroaches. If it weren't for these reporters to add fuel and vinegar to stir up troubles, the country would not have fallen to this point, and he would not face the situation of being fired.
But unfortunately, the reporter didn't care what Lamont was thinking. Someone saw that Major was surrounded in front of him, and immediately turned their guns towards Lamont.
"His Excellency Lamont, this is the Sunshine Daily reporter Anna. Do you think it is necessary for you to apologize for the British Pound's withdrawal from the ECU?"
"Your Excellency Lamont. Some analysts believe that it was your wrong decision that forced the pound to implement a floating exchange rate. Will you give the public an explanation."
"Your Excellency Lamont, international investor Shen Jiannan made $4.7 billion from the depreciation of the British pound a week ago. Does this mean that your wrong decision caused the Bank of England to suffer huge losses?"
"Can you tell us how much the Bank of England suffered this time?"
Lemon did not apologize, instead he defended his decision to float the pound.
"Everything I do is just a common sense choice before the financial whirlwind. I don't think I did anything wrong."
"..."
"Your Excellency Major, some people say that you have a mental breakdown because of the withdrawal of GBP from the ECU. Is this true?"
"Lord Major, there are rumors that you spend a lot of time hiding in the closet every day and delay your work..."
"Your Excellency Major..."
"..."
John Major was surrounded by several reporters, and the smile on his face was as reluctant as it was. If he could, he really wanted to kick all these prostitutes into the sky.
He was fed up with these prostitutes.
But as the Prime Minister, Major must maintain his demeanor ~EbookFREE.me~ He is too aware of how poisonous the pen in the reporter's hand is. If he shows any dissatisfaction and irritation, tomorrow, he may be afraid The body will be scolded for nothing.
"Yes. I'm really not in good spirits lately, which has caused huge losses to the country. This makes me feel deeply self-blame and ashamed."
"Then do you spend a lot of time in the closet every day, as rumored?"
"It is true. But I just want to find a quiet place to think outside of work. The whole thing made me realize my shortcomings seriously, and I have been blaming myself for it."
"I will not forget the promises I made during the election, but if this happens, many people who support me will be disappointed."
"Yesterday, I wrote a letter of resignation. Probably, I will resign to the Queen in the near future."
"......"
"These are all lies, all lies. Your Excellency Major is still very calm at work, and in everything he has done, nothing has lost his mind."
Major left, probably because the matter of resignation was too important. When the reporters around him relaxed, he caught the opportunity to leave.
Lamont, who was saying good things for him, stood up on the spot. He still wanted to talk to Major in private. But now, Major has no idea of ​​talking to him at all.
Damn it, I said so many good things for you.
Seeing Major's car leaving, Lamont felt a trace of irritation, and aimed at the camera again.
"However, Major's hesitant character is too bad. I have repeatedly analyzed the pros and cons of staying in the exchange rate mechanism to him, but he refused the pound to leave the European exchange rate mechanism again and again, which eventually caused the government to waste hundreds of millions of pounds. An unproductive attempt to maintain the value of the British pound..."