Chapter 297

Chapter 297 Becoming the king of Europe

London city.

The top floor of the Furui building.

Abel was lying in his boss's chair, behind him were large picture windows.

Outside the floor-to-ceiling windows, there was a drizzle in London, seemingly a bit foggy.

Through the drizzle and mist, you can see London Bridge in the distance. At this time, Abel was holding a newspaper in his hand.

This is a copy of today's latest "Daily Telegraph".

In the newspaper there is a news story on the third page.

The headline of the news was "Kingdom of Norway applies for membership of the European Commission".

According to this news, last week the Kingdom of Norway submitted two membership applications to the European Commission. [The Kingdom of Norway and the Kingdom of Sweden are both located on the Scandinavian Peninsula. But in terms of economy and resources, the Kingdom of Norway has always been stronger. ]

[. Europeans know this. Norway and Sweden are not members of the European Union and these two countries along with the Nordics have also formed the Nordic monetary union. These countries are relatively independent of the European Union.]

[However, recently, Norway has often shown favoritism towards the EU. Recently, they even wanted to join the European Union. What is the reason for this? ]

[Actually]

[.]

In fact, this time Norway was finally cornered by the international hot money represented by Soros.

So far, international hot money has attacked Norway's sovereign currency three times. For the first time, the Kingdom of Norway relied on its own confidence to take it down.

For the second time, Norway asked the EU for help to show its weakness, and at the same time, some economic cooperation provisions it signed received limited help from the EU.

On two previous occasions, the Kingdom of Norway rejected international hot money led by Soros.

But under the third onslaught of long-accumulating international hot money, the Norwegian crown is once again being squeezed.

This time, the EU is not willing to provide real money. Norway eventually ran into trouble and wanted to join the European Union and use the power of the European Union to help itself fight international hot money.

But is joining the EU easy?

Being a country with few resources in Europe, when it was established, the European Union invited Norway and other Nordic countries to join.

But Norway refused.

You can live well selling oil and natural gas, why should you be the EU's little brother? Who doesn't know that the European Union looks like the European Union but it is actually an economic union manipulated by Britain, France and Germany.

France and Germany are at the heart of this European Union.

The Kingdom of Norway did not want to have its blood sucked and, like Sweden, it did not want to participate.

The Kingdom of Norway is out of luck as its sovereign currency is used as a gambling table in the international foreign exchange futures market.

Because too much money had been accumulated above, it was eventually pumped back into reality. It attracted international hot money represented by Soros, and was ultimately targeted by international hot money, and today's disaster happened.

Before the accident, Norway, which did not want to be absorbed into the UK, mainly France and Germany, refused to join the European Union.

Now something is about to happen, I think of England, France and Germany.

Of course, the EU will not agree so easily.

In the second round of aid, the EU set many conditions. Of course, this time there are more conditions, many of which are not accepted by Norway itself.

So now they are at an impasse.

This issue is also a recent hot spot in Europe.

"High-end newspapers" like "Daily Telegraph" see these reports every day.

After reading the news, Abel threw the newspaper on the table. In front of him was Alan Baker, CEO of the Smith Group.

And Jed, CEO of Smith Capital (UK).

"How many times has Soros contacted me again?"

"The seventh time." Allen said.

"Jed, what is our current floating profit on USD/NOK? »

"It probably hovers around $4 billion," Jed said immediately. »

"What about capital costs?

Smith Capital invested in USD/NOK over two months ago.

For more than two months, such a large amount of money has been invested here, of course it is impossible without capital. Even among these funds, the actual amount provided by Smith Capital was only about $30 billion.

But there's still about $50 billion in funding left.

They exist and Smith Capital pays out huge returns every day.

Fortunately, most of this money comes from the Pacific Bank of Commerce with relatively little interest.

But even if you have little interest, you still need interest, not to mention the other half comes from Wells Fargo and Citibank. Banks never do charity

With that amount, the daily interest is not a small capital expense.

Having been detained for more than two months, the cost of retaining this money was excessive.

"The current cost of capital to hold the positions is $1.36 billion." Jed said.

That is, holding a position of 80 billion USD, or 800,000 lots of USD/NOK forex futures contracts. Smith Capital paid $1.36 billion in financing fees.

Fortunately, after Soros entered the field.

Short sellers have finally shown their intention to exit.

USD/NOK started buying and Smith Capital's account started floating.

This is when the sellers seem to be moving in the opposite direction. Due to Soros's appearance, the Norwegian government also stepped in and started selling USD/NOK.

Norway's approach supported the USD/NOK short position.

By taking this long dollar position, she shorted the Norwegian krone currency pair, and another period of deadlock began.

There is a situation where Smith Capital is making a profit, but considering the huge costs, the profit does not appear to be high.

Hearing these figures, Abel thought for a moment and then gently said:

"It's time for us to go out. Jed, please inform New York that we are starting to unwind USD/NOK."

"Understood. How much is the liquidation amount?" »Jed said enthusiastically.

"First close 100,000 lots and use the liquidation amount to buy NOK spot." Abel said.

"What do you mean?" » Jed asked, not quite sure.

"I mean?"

Abel had a smile on his face and said:

"We have reached a critical moment. If I join this battlefield at this time, no matter which side I take, I will oppress the opponent.

"Jed, the next scenario will be the World War I and early World War II scenario, and in that scenario we are Americans."

What is the American scenario for World War I and the beginning of World War II?

Jump left and right, sell weapons on both sides!

Abel's current approach is to seek to acquire a large amount of spot NOK while liquidating USD/NOK.

He wants to place himself between international hot money and the Kingdom of Norway, and at the same time "America" between these two sides.

He wants to distribute the "war fortunes" of this financial war.

To Abel Command Smith Capital (UK) and headquarters in New York. Both sides together began to slowly loosen USD/NOK.

Then on the market bought a large number of Norwegian crowns in cash.

In this financial war, this is the third offensive and defensive battle in which international hot money initially has the upper hand.

Due to the withdrawal of Smith Capital, which was super bullish on USD/NOK, it gradually started short selling.

On the contrary, the Norwegian krone started buying. In this situation, the international hot money camp will not be happy and the Kingdom of Norway will have to be happy.

But between the two sides after knowing that the person who did this was Abel.

The hot-money international side was not immediately happy.

The Kingdom of Norway is not happy with the increase in value of the Norwegian krone.

It's a metaphor. This parallels the period before and during World War II, when the Allies and Axis powers fought fiercely and then the Axis began to lose support.

America suddenly jumped out, holding a group of aircraft carriers, planes and soldiers standing between the two sides but their attitude was unclear.

What was the feeling of the other two sides that fought at that time and what is the current feeling of international hot money and the Kingdom of Norway.

It was clear whose side Abel was on at that moment.

The other side may suffer a crushing defeat. At that time, Smith Capital held $80 billion in funds.

Both sides also knew that Smith Capital would contribute at least $50 billion from its own funds.

The total amount is 130 billion US dollars, even daring to use leverage, and the amount may exceed this number.

Whether it is international hot money or the Kingdom of Norway, they are all in a huge passive position.

Two days later, Smith Capital successfully closed its first lot worth 100,000 USD/NOK. and started buying large amounts of NOK for immediate delivery.

Soros finally couldn't take it anymore. He ran to Fury Building 15 in the City of London, hoping to find Abel.

This international hot money representative wants to talk to Abel!

Soros was in vain. He only discovered that when he came to Smith Capital (UK). Abe Smith, this guy, he really ran away!

Fortunately, Abel has not yet returned to the United States, Jed, CEO of Smith Capital (UK), smilingly told Wall Street Sword:

"Mr. Soros. My boss went to France this morning. Because of Miss Bush, she said she wanted to go skiing in the summer in France."

Soros wanted to scold Jed for saying nonsense.

The ski season in France runs from December every year until half a year before May every year.

Where is there snow for skiing in France at other times? Unless you're going to the snow-capped mountains of the Alps, it has to be at the top!

Soros knew someone was avoiding him.

"I understand. Thanks, Jed. I'm going to France." Soros thanked him and left without showing anything.

After leaving Smith Capital's UK headquarters. Soros immediately asked someone to check.

It was discovered that Abel's private plane had indeed flown from London to Paris this morning.

That means I don't know if Abel will go skiing in France in the summer.

At least it's true that Abel went to France.

Without hesitation, Soros also left for France that day. When Soros first arrived at the headquarters of Smith Capital (UK).

Abel also just arrived in Paris.

The Boeing 747 slowly landed at Charles de Gaulle International Airport.

Closes with the sound of an airplane engine.

The passengers on the private plane disembarked in an orderly manner. How can there be snow in Paris in August.

Although the latitude is similar to the Chinese capital.

However, due to the influence of the warm Atlantic ocean current, the weather and temperature in Paris are basically similar to Shanghai, China.

Departure from Charles de Gaulle International Airport.

Abel and the others went to the west of Petit Paris, the economic and business district of La Défense. This area is the commercial center of Paris, where most of the banks and insurance companies in Paris (including the Banque de France and the Stock Exchange) are headquartered.

It is roughly equivalent to Manhattan in New York and Financial City in London.

Abel had never been to France before.

But it was like his first time in London.

Here the stone guards and David were present, and much had been arranged for his arrival. In addition, in London there is still a lot of news related to his acquisition of Manchester United.

Several members of the Smith Intelligence Group came here to operate.

So even if this is his first time in Paris.

But his subordinates planned all the routes and sent him to one of the best hotels in La Défense: Pullman Paris La Défense Resort.

At three o'clock in the afternoon. Abel was established at the Pullman Paris La Défense Resort. The Executive Suite is located on the top floor with a large bay window overlooking the most prosperous downtown area in France: La Défense.

La Défense is the central business district of Paris and its construction began in the 1950s.

At that time, other than Manhattan and London, there was no difference between the world's CBDs.

It can be said that this is one of the places that initiated the city center. It also serves as a reference and resource for the planning of several urban business districts.

Paris also concentrates most of its high-rise buildings there.

Although it doesn't have the usual tall skyscrapers in New York, it still looks spectacular against the overall backdrop of low-rise buildings in Paris.

This is the headquarters of many large and multinational French companies, and the support facilities are very complete and comprehensive.

In fact, that's how Abel felt. At that time, Paris, compared to London, liberated from the European continent, was in fact one of the true centers of Europe.

is one because it has a different center.

The center is located in neighboring Germany, Berlin, Germany.

Germany and France are currently the dual core of Europe and the driving force of the European Union.

In fact, in the EU, the UK's main role is to stir things up.

As Abel stood in front of the French window, looking down on Paris. Anne Hathaway and little Laura, who had left their luggage in the room, also arrived.

"That's Paris?"

Anne Hathaway first went to Paris and saw a low-rise building.

"It looks really old."

I'm used to the bustling cyberspace of Manhattan and the openness of Los Angeles.

Anne's first impression of ruined Paris is a bit disappointing.

"Paris looks like this." Little Laura also walked up to the floor-to-ceiling window and smiled and said to Annie:

"Are you a little disappointed?" Disappointment is normal. I was very disappointed in Paris when my father brought me here when I was 12 years old."

"In fact, it's normal to see things this way. If you walk across the street, when you reach certain streets, you might even think that you're not from Paris, but from another city." some city in Africa, or from our Chicago, America, etc. City!

Anne was confused.

"There are too many black people," Abel said. Paris today has 9 million inhabitants but nearly 1.8 million black people. I hate this city. It looks so dirty, old and dark."

Hearing Abel's words, Anne Hathaway was even more disappointed.

Because France was so strong in the past and the city's identity was very well established.

Even many Americans believe that Paris is the capital of romance. Therefore, it is not surprising that Chinese youth of this future generation yearn for Parisian romanticism.

Only if you actually go to Paris.

When I arrived the streets of Paris were full of trash and black people, even Paris reeked of feces and urine in many corners.

They will discover that this is the true face of Paris.

Abel has never been to Paris. However, there is the Smith Intelligence Group and the prospect of a revival.

He is an existence that knows the true face of Paris and France.

Even if France currently has a certain confidence.

But if the trajectory does not change, it will take at most another ten years.

This place will become another US overseas economic colony, like the surrounding area. And in this time and space, he himself will even actively push this process forward.

Let France sink sooner.

Thinking of this, Abel suddenly reached out and hugged Annie and little Laura into his arms.

Then he smiled and said: "I will go to the meeting later." Are you planning to rest here or go out?

"What meeting?" » Anne Hathaway asked curiously. Her investigation also allows Abel to discover the differences between her and little Laura.

If it were little Laura, little Laura would just kindly tell her to be careful and get ready.

Never ask him what he does.

It's not that little Laura has a bad personality, but this little Laura in front of Abel is extremely gentle and considerate.

Little Laura was not gentle when facing Anne alone. Abel smiled and said: "This is a meeting of the Young Leadership Project organized by the Franco-American Foundation."

Anne Hathaway doesn't know what it is.

But because it is an organization, there is also the participation of the US and France, and there are even terms like "youth leader".

This seemed very aggressive, she smiled and told Abel to go quickly.

After Abel left, Annie curiously asked little Laura.

Ask yourself what this French-American foundation and youth leadership project is all about. "The Franco-American Foundation is a non-governmental organization founded in the 1980s." Little Laura calmly explained.

"What about a youth leadership program? Sounds great."

"It's really powerful. People say." Little Laura chats with Annie...

"I don't know about France, but we in the United States should know about Zippertons, right?"

"sure!"

Anne said.

There may still be people in the United States who don't know George Shrub. But surely everyone knows Zippertons, the former owners of the White House.

After all, the positive side is that America has reached number one in the world under the hands of the White House boss.

"Your Zip and his wife, Larry Diane Rodham Zipper."

Little Laura said: "It was said that she used to be a member of this organization and participated in this youth worker project.

"OH." Annie couldn't help but admire: "It looks amazing!"

Little Laura smiled.

None of them knew that until six months ago.

Abel became the principal patron of the Franco-American Foundation. is on the list of regular customers of this fund.

There is a long list of names of individuals and companies in the United States.

for example George Soros, Warren Buffett

Another example is General Electric, Boeing.

(end of this chapter)