M1979 :: Volume #3

#564: Failure

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After doing well, a Shen Daoru face is favorite, „operates the stove and ensure the house will not have been making a sound. Our that meetings want to eat well, must such play. If this thing makes a sound, fire engine starts, the poor student may unable to pay the fine. Compared to Britain, fines, the US called ruthlessly, my schoolmate went to school in Atlanta, the second year rented the house outside, in one month the fire-alarm came three times, he has not done the clear condition, finally actually comes one pile of bills, had the police to make a payment.” 搞好之后,沈道如一脸得意,“开灶吧,保证房子着了都不会响。我们那会想吃顿好的,非这么玩不可。要是这玩意响起来,消防车开进来,穷学生可交不起罚款。相对于英国,罚款了事,美国才叫狠,我一同学在亚特兰大上学,第二年在外面租房子,一个月内火警来了三次,他自己都没搞明白状况,结果却是来一堆账单,出警就得交钱。” Li He laughs, Ding Shiping has not made clear the condition, asked, „your meaning is this fire fire fighting must receive money?” 李和哈哈大笑,丁世平还没搞清楚状况,问,“你意思是这消防救火还得收钱？” He felt that is a little inconceivable. 他感觉有点不可思议。 Ding Shiping said, „that you do think?” 丁世平道,“那你以为呢？” „Evil,” Ding Shiping scratches the head no longer closely examines, oneself turn on the fire pivot, puts pot full water, then forces in the duck, „this old duck passes stuffily delicious.” “邪性,”丁世平挠挠头不再追问,自己去打开炉灶,把一锅满满的水放上去,然后塞进鸭子,“这老鸭闷透好吃。” Shen Daoru also on own initiative in the one side Cessi orchid. 沈道如也主动在一旁切西兰花。 Li He sees Guo Dongyun to stand in the backyard telephones, asked on the past, „didn't you have the banquet in the evening? You first walk, after we do well, open eats.” 李和见郭冬云站在后院打电话,就过去问道,“你晚上不是有宴会吗？你就先走吧,咱们搞好后自己开吃。” After Guo Dongyun since helps British Central Bank block headed by Sorrows quantum fund US Financial group, internationally reputation big chirp, obtained the approval of Downing Street. A Singaporean, has no fear of great distances, for financial enterprise this of Britain is any spirit. 郭冬云自从帮助英国央行阻击了以索罗斯量子基金为首的美国财团之后,在国际上名声大噪,也得到了唐宁街的认可。一个新加坡人,不远万里,为了英国的金融事业这是什么精神。 This is the internationalist spirit, this is the spirit of communism. A person ability has the size, so long as there is this spirit, is a noble person, a pure person, a virtuous person, has been separated from the vulgar interest person, person who helps the people. 这是国际主义精神,这是共产主义精神。一个人能力有大小,但只要有这点精神,就是一个高尚的人,一个纯粹的人,一个有道德的人,一个脱离了低级趣味的人,一个有益于人民的人。 What is more important is Downing Street hopes that Guo Dongyun can keep Britain the Hong Kong silver island trade fund, that is about 40 billion dollars, is helpful to stabilizing the sterling rate completely. 更重要的是唐宁街希望郭冬云能把香港银岛贸易的资金留在英国,那可是近40000000000美金,完全有助于稳定英镑汇率。 First several times throw over the waistcoat speculation of Goldman Sachs to be different from Li He, Guo Dongyun these time revealed that directly the status and Sorrows of showdown Goldman Sachs former director, obtained a big wave friendship, naturally also drew completely the hatred value. 跟李和前几次披着高盛的马甲投机不同,郭冬云这一次是直接亮出高盛前董事的身份与索罗斯对决,获得了一大波的友谊,自然也拉满了仇恨值。 In the spring of 1992, after Britain joined European exchange rate mechanism one -and-a-half years, the fixed rate of exchange situation under this system presented the serious problem, although showed by the positive optimistic image, but the British finance department realized, the sterling rate contrast German mark had „wrong fixed price” situation. 在1992年春季,英国加入欧洲汇率机制的一年半之后,这一体系下的固定汇率形势出现了严重问题,虽然以积极乐观的形象示人,但英国财政部门内部意识到,英镑汇率对比德国马克有“错误定价”的情况。 Guaranteed the agent that the pound is insufficient to drop is the guarantee of British government, the government pledged maintains the sterling rate . Moreover the market also believes this point. So long as everybody believe that the British authorities will buy up the pound near 2.95 Mark, then the current situation can continue to maintain. 确保英镑不至于跌落的动因是英国政府的保证,政府承诺维持英镑汇率,而且市场也相信这一点。只要人人都相信英国当局会在2.95马克附近买入英镑,那么当前局势就能继续维持。 However Sorrows does not believe the guarantee of British government, confident however only invests very small cash, such does unreasonable. 但是索罗斯不信英国政府的保证,信心十足但是只投入很小头寸,这么做是没有道理的。 Since August of that year, Sorrows's quantum fund has established the value 1.5 billion pounds pound dead end cash, he used the pinnacle the earnest money, with 20 times of levers by small great. 自当年8月份起,索罗斯的量子基金建立了价值1500000000英镑的英镑空头头寸,他将保证金利用到了极致,用20倍杠杆以小博大。 German Central Bank President Schlesinger said on September 16, even if after the European exchange rate mechanism redeployed and Germany cut the interest rate, before the French comprehensive referendum, still had 1-2 curs possibly the bearing pressure. He acknowledged in the interview, the motion that adopted completely has not certainly solved the problem. 德国央行行长施莱辛格在9月16日发表讲话说,即便在欧洲汇率机制重新配置且德国降息之后,在法国全面公投之前,仍有1-2个币种可能将承压。他在采访中承认,已采取的行动当然没有完全解决问题。 This seems like the indirect quotation that does not hurt the essentials to British Central Bank brings the disaster, the market no longer trusts British Central Bank to maintain the sterling rate the ability, this „trust” had guaranteed the pound formerly had not seen the big depreciation quotation. 这看似无伤大雅的间接引用给英国央行带来灾难,市场不再信任英国央行维持英镑汇率的能力,正是这一“信任”确保了英镑先前未见大的跌落行情。 German Central Bank President Schlesinger publishes the second day of speech, Sorrows and fund increased have detained the dead end cash of note pound falling, added to 10 billion US dollars from original 1.5 billion US dollars the amount. 德国央行行长施莱辛格发表讲话的第二天,索罗斯及其基金增加了押注英镑下跌的空头头寸,将金额从原先的1500000000美元加到了10000000000美元。 Besides Sorrows, Paul who Bruce Kefu and Jones including Caxton Corporation invests Tudor Jones. 除了索罗斯之外,包括卡克斯顿公司的布鲁斯・柯夫纳和琼斯投资的保罗・都铎・琼斯。 Tudor Jones is in US stock disaster excluding the biggest winner outside Li He and Goldman Sachs. 都铎・琼斯是美国股灾中除李和及其高盛之外的最大赢家。 Almost is 20 billion US dollars in the total cash scale that this day Sorrows and follower concentrate on, in addition the lever, simply is a very terrifying scale. 在这一天索罗斯及其追随者投注的总头寸规模几乎达到20000000000美元,加上杠杆,简直是一个非常恐怖的规模。 Opens after the London market, the officials of British Ministry of Finance also start to be busy at work, several hundred hundred million pounds fix price for forward delivery has spewed out, a sterling rate also very critically arrives under of European exchange rate mechanism bottom line. 自伦敦市场开市后,英国财政部的官员们也开始忙活起来,数百亿英镑抛盘已喷涌而出,英镑汇率也十分危急地来到欧洲汇率机制底线的下方。 British Finance Minister Lamonte before the exchange rate starts to fall suddenly said that will borrow 15 billion US dollars to guard the pound, but in fact the British official only immediately have bought up 1 billion pounds fix price for forward delivery, this investment is incapable of preventing the pound downward-- the entire world is underselling. 英国财政大臣拉蒙特在汇价开始骤跌之前表示将借入15000000000美元来捍卫英镑,但是实际上英国官方只在第一时间买入了1000000000英镑的抛盘,这笔投入无力阻止英镑下行——全世界都在抛售。 Arrived 9 : 00 am, First Lord of the Treasury Lamonte has contacted with British Prime Minister Major, informs latter him unable to maintain the exchange rate, in front of the British government the only choice largely raises the interest rate thus to attract the buying offer to return. 到了上午九时,财政大臣拉蒙特联系了英国首相梅杰,告知后者他已经无法维持汇率水平,英国政府面前唯一的选择就是大幅上调利率从而吸引到买盘重新回归。 However Major has rejected this option, Britain at that time was in the economic recession, raising interest rate will make further economy fall into the abyss, this without doubt was the political suicide. 然而梅杰拒绝了这一选项,英国当时正处在经济衰退当中,加息将进一步让经济落入深渊,这无疑是政治自杀。 The fait accompli, global capital continues to detain the note pound to fall, after one -and-a-half hours, Lamonte sends a telegram to Major to propose the power countermeasure of crisis once more, Major could not hang finally, 11 points, the British government announced that raised interest rate 200 basic points, from 10% raised the interest rate to 12%. 木已成舟,全球资本继续押注英镑下跌,一个半小时之后,拉蒙特再次致电梅杰提请危局的应对对策,梅杰终于挂不住了,11点,英国政府宣布加息200个基点,将利率从10%上调至12%。 In pound depreciation process, British Ministry of Finance throughout unceasingly in use foreign exchange reserves, to maintain the pound value, a pound final value that Central Bank deals with withered one-fourth, it is estimated that this movement has also consumed a British taxpayer 33 billion pounds wealth. 在英镑贬值过程中,英国财政部始终不断地在动用外汇储备,为了维持英镑的价值,央行所支应的英镑最终价值萎缩了1/4,据估计,这一动作也耗费了英国纳税人33000000000英镑的财富。 Facing so huge raising interest rate, will pound make what response? 面对如此巨幅的加息,英镑会做何反应呢？ What responded does not have, the pound was continuing the motion of free-falling body. 什么反应都没有,英镑继续着自由落体运动。 But meanwhile, Sorrows cash had 15 billion cash, in addition his follower, goes far beyond the strength of British government. 而同时,索罗斯头寸已经有15000000000头寸,加上他的跟随者,远远超过英国政府的实力。 The market estimated, Britain being forced will let the pound depreciation, raising interest rate took over a business the pound fix price for forward delivery unable to prevent pound depreciation. Therefore the people believe, Britain will withdraw from the European exchange rate mechanism finally, a pound depreciation becomes the prediction of self- verification. 市场预计,英国将被迫让英镑贬值,无论是加息还是接盘英镑抛盘都阻止不了英镑的跌落。因此人们都相信,英国将最终退出欧洲汇率机制,英镑贬值将成为自我印证的预言。 Sorrows is preparing to wrestle finally, but Downing Street is preparing being forced to let the pound depreciation, Lamonte has held a press conference, Britain admits defeat. 索罗斯正准备最后一搏,而唐宁街正准备被迫让英镑贬值,拉蒙特重新举行了一场新闻发布会,英国认输。 However exactly was at this time, Guo Dongyun entered the stage with 30 billion funds, in addition Goldman Sachs combined, about 40 billion dollars, inform Downing Street to fight side-by-side with the pound! 但是恰恰是这个时候,郭冬云携30000000000资金出场,加上高盛组合,近40000000000美金,告知唐宁街将与英镑并肩作战！ Female Bodhisattva who the space falls! 天上掉下来的女菩萨！ Downing Street has not thought! 唐宁街没有想到！ Sorrows has not thought, he must block others, the halfway was actually given to block by others! 索罗斯更没想到,他原本要阻击别人的,却半途被别人给阻击了！ To Sorrows, this is almost a perfect transaction strategy, a pound upward space is limited, but falls the space to be infinite. 对索罗斯来说,这几乎是一项完美的交易策略,英镑上行空间有限,但下跌空间无限。 This like detains the note to the front and back that throwing the coin obtains, if arrived at pound falling side, the profit space of cash is infinite, but if coin other aspect toward on, then Sorrows cannot lose how much money. 这就像对抛硬币得出的正反面押注,如果来到了英镑下跌的一边,头寸的盈利空间无限,但若硬币的另一面朝上,那么索罗斯也输不了多少钱。 When carrying out this operation, Sorrows and his assistants have sold short about 7 billion US dollars pound, has bought up approximately 6 billion US dollars German mark, and has bought up certain French franc. 在执行此操作时,索罗斯和他的助手们卖空了大约7000000000美元的英镑,买入了约6000000000美元的德国马克,并买入了一定的法国法郎。 As parallel deal, they also when makes the spatial pound, bought up the value has reached as high as 500 million US dollars British stocks, it is expected that the stock market will usually rise after the currency devaluation. Sorrows also made German and French bond, simultaneously did to empty the stocks of these countries. Regarding in French and operation of German market, Sorrows's reason is: The estimate value rise in the stock is the misdemeanor, but in the bond is the good deed, because it will cause the interest rate to decline. 作为平行交易,他们还在做空英镑的时候,就买入了价值高达500000000美元的英国股票,预期股市通常会在货币贬值后上涨。索罗斯还做多了德国和法国债券,同时做空这些国家的股票。对于在法国和德国市场的操作,索罗斯的理由是:估值上升在股票是坏事,但在债券是好事,因为它会导致利率走低。 However, Guo Dongyun and Goldman Sachs team insertion rapidness of too, moreover is the so huge cash! 但是,郭冬云和高盛的团队插入的太快,而且又是如此庞大的头寸！ The time that Sorrows flees continually is not enough, in flash on loss 5.5 billion dollars! 索罗斯连逃离的时间都不够,在一瞬间就损失5500000000美金！ More and more funds that facing welling up, he has to respond decisively, is having the sad evacuation rapidly, together with his follower together. 面对涌过来的越来越多的资金,他不得不果断反应,迅速带着悲伤撤离,连同他的追随者一起。 Guo Dongyun became famous thoroughly! 郭冬云彻底出名了！ Hong Kong silver island trade also knows for the global investors! 香港银岛贸易也为全球投资者所知！ The headline on British newspaper is the Guo Dongyun huge picture, the title is „extraordinary Thursday!” 英国报纸上的头条是郭冬云的巨幅照片,标题是“了不起的星期四！” „Black Wednesday!” “黑色的星期三！” „A capable woman!” “一个女强人！” „She fights for Britain!” “她为英国而战！” Guo Dongyun said during the interview, „when I studies in London, many people give me enthusiastically to help, I deeply love British and British people, these attempt to pull out to empty the person of British taxpayer wallet, will not have the good end.” 郭冬云在接受媒体采访时表示,“我在伦敦读书时,许多人给予了我热心的帮助,我热爱英国和英国人民,那些企图掏空英国纳税人钱包的人,都不会有好下场的。”
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