Vol 6 Chapter 125: Feeling of the king

January 11, 1993.
The capital of the United States, Washington.
Alan Greenspan, Chairman of the Federal Reserve Board, spoke at a press conference: The Federal Reserve Board announced on the 21st that it would raise the target range of the federal funds rate by 50 basis points to a level of 3.25% to 3.5%.
The Federal Reserve announced that since the middle of last year, the US economy has continued to expand moderately, the labor market has further strengthened, and the unemployment rate has fallen; household consumption expenditure has increased moderately; the inflation rate has increased since the beginning of the year and is higher than the long-term target of 2%.
In view of this, the Federal Reserve Bank decided to increase the target range of the federal funds rate by 50 basis points to 3.25%, and expects to raise interest rates three to four times in 1993, and maintain loose monetary policy to further strengthen the labor market and achieve the inflation target.
It is worth pointing out that this interest rate resolution was passed unanimously.
BNP Paribas (BNPParibas), JPMorgan (JPMorgan), Morgan Stanley (Morgan Stanley) and other institutions believe that the labor sector and economic data have increased expectations for economic growth and inflation, coupled with the tightening of the labor market. Federal Reserve officials confidently raised interest rates for the first time this year.
Some analysts predict that the Fed's interest rate hike this time will start the interest rate hike cycle since the oil crisis, which means that the United States has ended the shadow of the Cold War and the economy has fully recovered.
The American economic team of Jiuding Bank of France stated that the Fed will raise interest rates by 50 basis points and is expected to raise interest rates four times this year. This shows that the Clinton administration has received full support from Congress, the Federal Reserve Bank and Wall Street, laying the foundation for the New Deal and economic growth. basis.
The first paragraph of the policy statement may contain an upward adjustment to the economic assessment, stating that the risks appear to be "balanced."
France Jiuding Bank also expects that the values ​​in the dot plot will not change, because it is too early to make substantial revisions to the economic forecast summary. Most people in the FOMC may tend to stay on the sidelines.
On the other hand, the most concerning issue at the Fed Chairman Alan Greenspan's press conference is how the Fed responds to changes in the fiscal outlook.
Bank of America (BOA) economist Candace Browning said that the market has room for rising expectations for the Fed's interest rate hike in the next few years. The inflation "party" has begun. The core PCE price index is expected to rise to 1.9% by the end of the year. Even if it is not hedged, it will approach the Fed's 2% inflation target.
Bank of America economist Michelle Meyer predicts that the Fed’s interest rate hike will stimulate the dollar’s ​​strength, and the return of capital from other countries to the United States will stimulate the dollar to end its low volatility.
Analysts pointed out that it is worth noting that the US November Non-Farm Employment Report released last Friday showed that US wages have grown rapidly, making it very easy for the Fed to raise interest rates further. Investors are expected to pay attention to Fed officials’ concerns about low inflation and the possibility of raising interest rates in the second quarter.
Robert John, the chief strategy officer of British First International Capital and the spokesman of Shen Jiannan, an international monetary and financial expert, said that the Fed's interest rate hike has already been expected and he is optimistic about the future economic growth of the United States.
The Fed's rate hike will further confirm that the dollar has ended its downward cycle.
Not long ago, First International Capital had injected one billion U.S. dollars of capital into the United States, and will also invest in the United States.
It was like a super nuclear bomb, smashed into the already unstable sea.
The currencies of several countries, such as the Swedish Krona, Norwegian Krone, Italian Lira, French Franc, and Japanese Yen, have all experienced varying degrees of decline due to the Fed’s interest rate hike.
Among them, the Swedish Krona and the Norwegian Krone had the most significant declines. The Norwegian Krone fell 15% in a single day, and the Swedish Krona fell by more than 17.5%.
1.14th.
The Riksbank announced that it will change the fixed exchange rate to a free floating exchange rate.
1.15th.
The Norges Bank stated that the fixed exchange rate is not in line with the current economic development of Norway. In order to adapt to a more effective monetary policy, it has changed to a free floating exchange rate.
London, England.
Robert John finished the press conference and returned to the office.
The little girlfriend Baden-Powell was watching a movie, and the old turnip went to the computer and hooked Ruth with excitement.
Ruth Baden-Powell knows, twisting her mature body, smiling and asking: "My dear, what is so happy?"
The old turnip’s face was full of crazy excitement and excitement. He pushed his little girlfriend on the desk and said: "Baby, come, let’s press this button together. As long as you press this button, Turkish money will become useless. Paper, 60 million of them will have to be taken off by us, even their underwear."
This is crazy.
Ruth Baden-Bauer became excited involuntarily. Of course she knew what the old turnip had done recently, but could she rob a country just by pressing this button?
God, that is the Ottoman Empire, the former overlord of the Mediterranean.
The old turnip head didn't care about so many, grabbing Ruth Baden-Bauer's hand in a hurry, and pressing the Enter key all at once.
Snapped!
In an instant, a series of incomprehensible codes and numbers flashed on the computer screen.
Thousands of set programs were transmitted to countless computers through the central computer, and various traders reported to the international spot foreign exchange market.
￡T. Sell 6666666666 Price 666666
￡T. Sell 6666666666 Price 677777
￡T. Sell 66666666666 Price 678866
...
Hanging on the huge display screen in the office, dense numbers of numbers are raging like locusts, covering the sky and the sun. Under the pressure of these dense sell-offs, the Turkish lira instantly broke through the exchange price of 700,000.
1 USD = 700000￡T.
At this time, the United States, Wall Street.
In the cascading office buildings, large and small offices, the phones are constantly ringing.
When the Fed announced its market operations, the major investment companies had already discovered business opportunities with their rich experience.
USD/￡T, buy 100.
USD/GBP, buy...100,000.
Buy...
All buys.
With the purchase of large sums of different currencies, the US dollar is like a crazy bull, rushing from the 73 average technical index all the way to the 75 exchange index.
And those currencies that were bought but equaled to be sold have been sold on a large scale.
Among them, the Turkish lira is the worst.
Like a premeditated blow, the world’s major investment banks, trading institutions, and mining companies suddenly all sold Turkish Lira on the market. Moreover, even merchant ships sailing to Istanbul, Turkey, as well as merchants and companies that trade with Turkey, refused to accept Turkish lira when conducting trade.
Everyone knows that the Turkish lira is going to die.
The 700,000 conversion ratio is simply a shame in the history of human currency.
...
A woman who has both beauty and connotation, a woman who is both traditional and fashionable, and a mixed-race woman with both Eastern and Western descent.
Would you admire?
Are you obsessed?
Will you fall for it?
If you compare the city to a woman, then Istanbul in Turkey is such a superb woman.
Here in history, there used to be the Eastern Roman Empire and the Ottoman Empire, both of which were behemoths spanning Europe, Asia and Africa. In contrast, Turkey has become a pocket edition.
From the Eastern Roman Empire to the Ottoman Empire, Istanbul has always been the capital of the Empire. The ancient capital for nearly a thousand years has experienced the continuous baptism of the two religions, leaving many traces of ancient civilizations.
Europe, Asia and Africa intersect, and Eastern and Western civilizations collide and merge here, becoming a unique hybrid.
The sea is dark blue, there are no big waves, but it is always rolling. At dusk, standing on the bridge, overlooking the opposite bank, the skyline of the old city highlights domes and spires, seagulls fly freely, ships slowly pass by, clouds in the sky are rushing, and the afterglow of the sun is reflected on the clouds. It is red, sprinkled in the sea, and shining.
Turkey’s founding father Kemal said:
Whenever you stand here overlooking Istanbul and cars pass by you, you will feel like a king.

Topkapi Royal Villas in Fatih District.
Shen Jiannan had a taste of what Kemal had said.
At this moment, lying in this ancient capital city with a thousand years of history, he deeply realized the joy and happiness of the king.
A pair of thirty-six big headlights flashed past the eyes with crystal clear milky white, while the two pairs of plum blossoms with pointed lotus leaves were gradually blooming, beautifully blooming.
The combination of Chinese and Western buildings in the entire city is so harmonious. The Chinese-style basic charm and Western-style architectural symbols and details complement each other. Not only are they aesthetically pleasing, but more importantly, they make living comfortable and close to nature.
The romantic and solemn temperament, the high-height foyer and the magnificent door, the round arched windows and the stone masonry at the corners all show grace and luxury. Fresh and unconventional, the colored plaster walls combined with light red roof tiles, continuous arches and corridors, and the living room with tall and large windows make people excited.
There is no lack of elegance, elegance and comfort. The porch and foyer stretch out from north to south. The hall and bedroom are equipped with low windows and hexagonal viewing bay windows.
It can be seen that the mother who was named Shen Rou showed the greatest maternal love and gave everything she possessed to her embarrassed but greedy daughter Shen Nana.
The two sisters were connected physically and mentally, courteous and courteous. They were given the name Shen He Nana to taste them and gave them to their sister Shen Qiqi.
The three cooperated perfectly, although everyone was greedy, but no one swallowed it alone.
Shen Jiannan felt the virtues of Kong Rong Rang Li, and at the same time experienced the great mood of the Turkish king.
In this foreign country, who would have thought that the same maternal love and sisterly love are also great.
The villa has three floors, built against the mountain, and each floor has its own merits.
Entering the gate, a sheep intestine path paved with pebbles is lined with bonsai flowers of various shapes, which is pleasing to the eye but also inextricable.
The exquisite villas with a rustic style are scattered among the lush trees. When you are in it, you can whisper softly as if you are far away from all the urban hustle and bustle, and the feeling of tranquility and remoteness is amazing.
It is classic and cheerful, with a steeple-shaped sloping roof, and the vines climbing on it create an interesting contrast. It is fresh and unconventional, which makes people feel refreshed.
Squeak!
The door was suddenly pushed open from the outside.
A pair of slender legs landed on the cashmere carpet in the room with high heels.
It was Claudia Katina, who came back from Italy by the servant of the wind and dust, and took her best friend Sophie Calumet, looking at the four people in the room, and grunted with dissatisfaction.
The mother and daughter of the Shen family were so frightened that they dared not come out, lowered their heads and covered their heads under the blanket.
Poor Shen Qiqi couldn't get out for a while, so she could only get her head into Shen Jiannan's chest, her face flushed, and she felt like a thief who was caught stealing food.
The scene was awkward.
Although Claudia Katina knew many things since she became pregnant, it was the first time she was caught like this.
Sophie Calumet is not too big of a problem, with a smirk, she used to pull away the blanket that Shen Jiannan had wrapped herself and Shen Qiqi on, and said jokingly: "My dear. You are such a scumbag. I have never seen a like you."
Shen Jiannan is also embarrassed.
Claudia Katina has family support behind it, as well as political party support, and Sophie Calumet is the marriage partner that the Calumet family has decided to marry herself.
Now, being caught off-the-shelf is a shame to say it.
But at this time, what can be done.
After patted the mother and daughter who were frightened and trembling, Shen Jiannan said to Sophie Calumet: "Okay. I admit, I am a bastard. But can you let me put on the clothes first?"
Sophie Caronmei closed her hair and grabbed a hand at Shen Qiqi: "I mean, do you want this lovely sister to hate you? If you can't, then I will come."
"..."
"..."
Half an hour later, Shen Jiannan brazenly dressed in a neat suit and went to the living room.
And Sophie Calumet was behind, winking like silk, and sat next to Claudia Katina.
"The guy Lamont has already negotiated with the tobacco company today, but he said that the government has not yet agreed to sell the tobacco company and he can't call the shots."
"What did the oil refinery say."
"The same reply, those guys, you know, they are eager to sell the refinery, but now, the military is suppressing the people on the street, they dare not rashly call the shots."
As the lira fell below the 700,000 mark, Turkey’s inflation rate has reached an incredible level.
Many people took to the streets and began to attack the government in demonstrations. Therefore, the Turkish military assisted the riot police and began a see-saw confrontation with the people.
Gasoline bombs, incendiary bombs, and rubber guns are constantly ringing in the streets. Tens of millions of people have raised protest signs in various government departments and cursed the government for its incompetence and corruption.
But what was ushered in was chili sauce, batons and even loaded bullets.
At this time, the Turkish Presidential Palace.
Central Bank Governor Engel Artan Kadi said with a pale face: "Now, our only option is to ask other countries for borrowing to stabilize the exchange rate and combat inflation. But except Turkmenistan, I contacted all countries, those bastards. They are all ready to stand by."
The old Ottoman Empire did not have a good relationship with neighboring countries. Whether it was Italy, Greece, Spain or Egypt, they all suffered from aggression and strategy.
In addition to the conflict of beliefs, Turkey, with the dream of a Mediterranean hegemon and the Great Turkic Empire, has reached the point of exhaustion.
Except for Turkmenistan's support of 100 million US dollars, no country is willing to lend them a dime.
This is a very serious problem, because everyone present knows in their hearts that faith can sell children and girls, but it cannot defeat starvation.
If the situation continues, it will shake the government's notice.
Lei Mingda Yidal Erguiluan discussed with his staff for a long time and asked, "Then what better way do we have now?"
Engel Altan Cady lowered his head and said: "There is no better way, there is only the only way to apply for loan assistance from the IMF."
Snapped!
Mir Zaoru slapped the table with a slap, staring angrily and said: "This is absolutely not possible, those are waiting for us to ask them for help."
No one spoke, because everyone knew that Mir Zaoru was right.
The IMF is not a public welfare organization.
According to the loan agreement, if you accept the help of the IMF, you must agree that officials at all levels sent by the IMF to Turkey to carry out reforms.
With this reform measure, everything may appear.
For example: cut military spending.
Turkey’s annual expenditure on army building accounts for more than 30% of its fiscal revenue. The IMF has reason to believe that such predatory spending will affect Turkey’s economic development.
At this time, Washington.
For the IMF, a reform vote unprecedented in history is underway.
First International Capital invested one billion U.S. dollars in the IMF, which will account for 2.8% of the rights allocation.
This is the only application for joining by a non-sovereign country since the establishment of the Monetary Fund.
"I agree with the entry of First International Capital. The European monetary system is now in a huge crisis. With 1 billion U.S. dollars in shares of First International Capital, it can help more countries recover their economies."
After the vote was initiated, the Italian director Pellard Gosman raised his hand in agreement.
Then, the Swedish director objected: "I object. The IMF was established as a mutual aid initiated by the sovereign reputation of the country. First International Capital is just an investment institution and is not eligible to join."
Robin Leigh-Pemberton, former governor of the Bank of England and current IMF director, raised his hand: "I support First International Capital to join. The purpose of the establishment of the currency fund is to monitor currency exchange rates and trade conditions in various countries, and provide technical and financial assistance. To ensure the normal operation of the global financial system. Now, Europe is experiencing an unprecedented currency crisis. Our aim is to help them and avoid the coming of war again. It is for this reason that First International Capital joined the IMF for the peace of mankind To contribute to development, what reason do we have to reject such kindness?"
Can you order Bilian?
What the has made you look like in Britain, and you still support him.
A group of people looked at Robin Leigh-Pemberton with contempt in their eyes. Everyone knew that the British pound was attacked by First International Capital that caused the Bank of England to lose a lot of money. .
At that time, the governor of the central bank was the current director.
After being beaten up, he turned his head back to support them, so she didn't want Bilian at all.
Robin Leigh-Pemberton was a gentleman, let everyone despise, and voted for it.
no way.
Not long ago, the Seven Eyes Alliance Investment Company, the Prince of Wales and the Royal Family, which was registered in the Cayman Islands not long ago, took up 3.8% of the shares ~EbookFREE.me~ As the United Kingdom voted in favor, Sergey Maillard also raised his hand: "Mao supports the joining of First International Capital. This is for the help of peace for all mankind."
What's so special..... It's like sending a ladder.
No, it's just blowing a plane.
Who didn't know, Yulia, the only daughter of the big Maoist Sidorov, had a relationship with Shen Jiannan of First International Capital, and they showed affection in public all day long.
Just want to come in to make a profit and just say it, it actually involves the peace of all mankind.
Special, don't you lose your face.
But who can do?
"Bulgaria approves!"
"Ukraine agrees!"
"Georgia approves!"
"Belarus agrees!"
"Finland agrees!"
"..."
With Mao's call, many younger brothers followed suit and voted in favor.
Suddenly, many people looked at the American board of directors and president Michel Kantsu.
Everyone knows that now Da Mao and the United Kingdom have voted in favor. Whether First International Capital can join depends on the attitudes of these two countries.
As for the rabbit, haha—
You can think of what votes will be cast with your ass.
really.
"China agrees."
A Chinese director voted in favor of a national character.
No one was surprised and looked at the Indian director next to him.
India's equity is very heavy, and opposition is also very effective.
"India opposed!"