Chapter 369: It's a paper tiger

After convincing Joloos, Zhou Ming immediately called to inform Lin Mucheng and Tang Ran of the news. 

'Now we can invest in Quantum Fund as Tang Dynasty Bank. It can be a long-term investment agreement or just for this time. However, the only thing we need to do is to reach an agreement as soon as possible and ask George Soros to attack the British pound as soon as possible.'

Zhou Minghui did not say this casually. Today is Monday. With the news that the Bank of London has announced a loan of 20 billion US dollars to the Greatwood Bank , greatly boosting market confidence in the Greatwood Bank. So after the stock market opened in the morning, the stock of the Greatwood Bank soared all the way, and by the time of the phone call from George Osborne, it had already risen 4%.

Tang Ran immediately agreed with Zhou Ming, saying, 'Of course that's good! Attacking the British pound is a major move against a country!'

Tang Ran's tone was a little agitated, because generally speaking, in finance, at most, you hear about targeting a company or a financial family, where have you heard of targeting a country? Even in her records of the Tang family, she has never seen it before. Or maybe it would be fine if it were some poor and weak country, but now the target is a powerful economy like the UK, how can it not make people feel excited and thrilled?

Tang Ran was also very dissatisfied, saying, 'It would be best to teach those British people a lesson quickly, so that they will stop meddling in Ming's affairs. Let's see if those people from Daewood Bank can keep talking nonsense on TV!'

Zhou Ming laughed. He had never thought that Tang Ran was also someone who held a grudge. Of course, she was only holding a grudge related to herself.

In this morning's news, George, the chairman of the board of directors of Daewood Bank and head of the Daewood family, severely reprimanded all actions against Daewood Bank in an interview with the media, saying that these people are just rats trying to nibble away at the elephant. The Greatwood Bank says that these backstabbers, who try to use despicable and dirty tactics, are doomed to fail!

Although without naming names, but George is obviously scolding Ming Zhou, and Ming, who dares to scold him, is of course very angry.

Compared to Tang Ran, Lin Muqing seems much more mature. She took the phone from Tang Ran and said to Zhou Ming, 'I understand. Under the current circumstances, it is necessary to teach the British a lesson and tell them not to interfere in the affairs of the Daewood family is appropriate, but the problem is that Britain is the strongest financial country after the United States. Is it really feasible to attack the British pound recklessly? As far as I know, Britain only joined the European Exchange Rate Mechanism last year, and the British pound is currently on an upward trend.'

Lin Muqing said Lam Mo-ching, 'And George Soros? Can we trust his abilities? Although he has made many investments for Quantum Fund, they were all aimed at the stock market. This kind of cross-border currency attack requires a very high level of insight and very delicate operational techniques.'

Just from these words, it is not difficult for Zhou Ming to see how much preparation Lin Mucheng has done.

'The UK did join the European Exchange Rate Mechanism last year, and the UK itself is also a financial powerhouse, but in my opinion, it is nothing more than a pathetic paper tiger, because its system may not be a sound one.'

Zhou Ming then said to Lin Mouqing, 'The desire of the Europeans to establish a unified currency is a good thing, but because of the current exchange rate fluctuations are still very high, and the Berlin Wall has just been torn down. Many countries have left behind very serious fiscal deficits in order to cope with the Cold War.'

'Put simply put simply, the whole of Europe was not ready to embrace a unified currency system. In addition, the UK had long been outside the big six of Europe and has never been united with Europe. Therefore, this system is now a joke. As long as someone dares to take action, they can easily complete a wave of harvesting.'

Zhou Ming said and then changed the subject, saying with certainty, 'As for George Soros, judging from his past investment style, he is still trustworthy.'

Just kidding, but that's George Soros! In the future, anyone with even a basic knowledge of finance will know this man's name. He started the sell-off of the Thai baht and triggered the Southeast Asian financial crisis that shocked the world, directly pushing these countries' economies back at least ten years. Later, he collaborated with the US government to instigate the colour revolutions and plunder the countries of Eastern Europe. At that time, if you wanted to say one person who can bring down a country is George Soros.

If you look at George Soros's resume, the Bank of England incident in 1992 is also very famous. That was a financial incident in which George Soros profited by selling pounds madly, causing the pound to depreciate.

In fact, because Zhou Ming still remembered this incident, when Zhou Ming wanted to teach Britain a lesson, the first person he thought of was George Soros.

Although the previous life the Bank of England incident was born in 1992, but according to an interview with George Soros, he actually started preparing two years earlier when the UK first joined the European Exchange Rate Mechanism and had been preparing for it for two years. However, at that time, no one believed in his idea because it was too forward-thinking, and the investors at Quantum Fund did not agree with the project, so it was delayed until 1992.

Later, because of the European debt crisis triggered by the failed Danish referendum, the first time the problems with the European exchange rate system were exposed, and it was only then that the Quantum Fund investors suddenly reacted, which led to the subsequent incident of George Soros targeting the British pound.

George Soros made 2 billion by selling the pound, but he himself said: I have prepared as quickly as possible, but in the end I was too late. The debt crisis also made others seen the problems with the European Exchange Rate Mechanism, so when it came to dividing up the cake, many opponents were added who shouldn't have been there, otherwise the profit could have been increased by at least five times.

Perhaps his may have been a bit of a boast, but one thing is clear: it was perfectly feasible to snipe the pound in 1991. Not to mention his own rebirth, he changed the entire world line, causing the former Soviet Union to die prematurely, and accelerating the process of European integration. Then the originally feasible plan of targeting the British pound became even more feasible.

However, words, Zhou Ming had no way to explain them to anyone, so he had no choice but to make the decision unilaterally. Lin Muqing and Tang Ran naturally did not oppose it when they saw how determined Zhou Ming was.

'Muqing Ranran, I know this sounds unbelievable, but you have to believe that there are definitely problems with the exchange rate mechanism in the UK and throughout Europe. appear to be strong, but they are actually weak. As long as we dare to take action, they will show us how weak they are,' said Zhou Ming.

Facing Zhou Ming explanation, Lin Muqing said from the side, 'Zhou Ming, you actually don't need to explain to us. No matter what you say, we will unconditionally believe you. Even if you tell me that you want to take over the Federal Reserve tomorrow, we will do everything we can to help you raise the funds. Even if you turn out to be wrong in the end, we will go down with you, without regret or remorse.'

Tang Ran also said 'Ming, Muqing is right. As long as you do your best, no matter what decision you make, we will support you to the end. This is not just a saying, but a promise!'

Hearing Lin Mu Qing and Tang Ran, Zhou Ming was very moved, because if it wasn't for true love, they couldn't have done this. Zhou Ming felt that he was very lucky to have received such love from them!

However, no feast lasts forever, and no matter how deep the relationship is, there will come a time when the phone has to be hung up. And they are now in a race against time, as Lin Muqing and Tang Ran need to find Qiao Luosi and get him ready first.

After hanging up the phone, Zhou Ming calmed down a little before dialing the phone number of Jack, the head of the Morgan family.

As soon as the phone been connected, Jack's voice came through: 'Hello, Mr. Zhou Ming, has Joross contacted you? If not, I can contact him again for you.'

'Of course not . I am very grateful to Mr Jack for making the connection. Not only have I been in contact with Mr Ross, but I have also discussed the plan to attack the pound with him,' continued Zhou Ming. 'I am contacting Mr Jack now because there is something else that is more important, and that is my hope to borrow some money from Mr Jack.'

'This is only expected. After all, the UK is a country with very strong financial strength, and the number of local invisible tycoons is also very large. To attack the currency of such a country, it is simply impossible without huge financial resources. So how much do you plan to borrow, Mr. Zhou Ming?' Jack asked.

'10 billion US dollars,' Zhou Ming answered without hesitation.

This answer made Jack exclaim, 'What? 10 billion US dollars?'

Zhou Ming laughed 'If I remember correctly, the Morgans are the number one financial family in the United States, so it doesn't seem like it would be difficult for them to come up with 10 billion. And I'm not just saying this off the top of my head, because to deal with a country like the UK, this amount of money would still need to be put aside...'

Jack interrupted Zhou Ming's words, 'No, Mr. Zhou Ming, you are mistaken. I don't think this is too much money, but I think it is too little. As you said, the UK is a country with very strong financial strength. Can just 10 billion US dollars defeat the British pound? You have to know that money can't even defeat the Wood family.'

'I didn't say I needed 10 billion to defeat the British pound. I'm only returning 10 billion now, and I've set aside another 10 billion for the Tang Dynasty Bank,' said Ming.

'But even 20 billion, 30 billion is still not enough!' said Jack.

'Does Mr. Jack know how a crossbow arrow is shot?' asked Zhou Ming.

This question made Jack freeze on the spot. He had no idea why Zhou Ming had suddenly asked such a question. Didn't they just talk about 10 billion US dollars? Why did they suddenly jump to crossbow arrows?

Although Jack was puzzled, but he still answered, 'Of course you use the trigger to hold the bowstring, aim at the enemy, and then pull the trigger.'

'It seems that Mr. Jack knows a lot about crossbow arrows. Crossbow arrows are indeed shot this way, so can you say that the trigger pulls the bowstring?' asked Zhou Ming.

'Of course not . The trigger is just a mechanism, and the bowstring is already pulled…'

Jack's words came to an abrupt end, and it was clear that he had understood what Zhou Ming meant. Zhou Ming then picked up where he left off and said, 'Of course, if I were to deal exclusively with the British pound, that would definitely not work, but I've had better luck. Since the UK joined the European Exchange Rate Mechanism, the pound has had serious problems. So if I can just bring those problems to the surface, it will be easy to cause the pound to collapse.'

Zhou Ming finally analogised: 'It's like a crossbow with the string already taut. I just need to use the two hundred billion dollars I've prepared to touch the trigger and the entire shooting process can be completed.'

Jack heard and laughed out loud. 'So that's it. Mr. Zhou Ming, you really are a genius. In that case, I'll be generous and give you the capital of 20 billion US dollars directly. However, Mr. Zhou Ming, you must pay me a return of at least 200 million US dollars!'

'Jack is a bit stingy. I have to deal with British pounds,' said Zhou Ming. 'After the job is done, I think I can pay Mr Jack at least 400 million US dollars in return.'