Chapter 281 Crazy Smith in the Eyes of Soros(2/4)
In fact, it means waiting for Soros.
Because Soros's operation on the Kingdom of Norway has obviously encountered setbacks.
After all, Norway is different from Southeast Asia and even from the Kingdom of Han.
It is first of all a European country, and it is also one of the countries with the best economy among the Nordic countries.
Secondly, they were once great powers back then. Their ancestors were also robbers, and a large amount of wealth stolen by their ancestors was still accumulated in their country.
What's more, there are abundant oil and gas resources, which is more important than anything else.
This gives the country greater financial and economic confidence.
In addition, the European Union, which had been silent for a long time, finally extended a helping hand and actually signed a 100 billion euro local currency swap agreement with Norway.
Coupled with Norway's own confidence, Norway withstood the first and second waves of Soros' attacks.
Seeing that the strong attack was fruitless, Soros temporarily stopped his actions and began to prepare a third wave of attacks.
From the looks of it, the old guy tried to attack the Kingdom of Norway to no avail and wanted to join forces with him.
Abel thought this in his heart, and then he said:
"The Kingdom of Norway is more delicious than Siam. But George, can I call you that? You can also just call me by my name."
"Of course." Seventy-one-year-old Soros looked at twenty-one-year-old Abel with a smile.
"Abel, it's like you said. The Kingdom of Norway is even more delicious than the Kingdom of Han. You didn't participate in the previous times because you were too young. Do you really want to miss it this time?"
"How could that happen?" Abel smiled:
"Am I not shorting the Norwegian krone? The total funds I have invested in USD/NOK have reached 80 billion U.S. dollars."
"George, my investment is no less than yours. I am also shorting the Norwegian krone."
Soros thought, can this be compared?
The financial sword of Wall Street plays spot foreign exchange.
Because only in this way can a country's monetary system be defeated.
Thus achieving the effect of dollar tidal plunder.
The main method is to use U.S. dollars as collateral, lend Norwegian krone to the world and even Norway, and then wildly dump Norwegian krone to the outside world.
This will cause the supply of Norwegian kroner to exceed demand for a period of time, and the currency value will fall involuntarily and begin to go short.
At this time, in order to stabilize the domestic currency system, the normal method of the Kingdom of Norway was to use foreign exchange to buy back the Norwegian kroner on the market.
These foreign exchanges, usually US dollars or pounds, fell into the hands of Soros and others who were short sellers.
The price difference here is Soros's profit.
This practice is called spot foreign exchange trading, but Soros and his colleagues are so big that many countries cannot handle it.
Abel is long USD/NOK and appears to be short the Kingdom of Norway as well.
But strictly speaking, this is not the case at all.
Because what Abel does is betting on foreign exchange futures contracts.
In other words, Abel was playing a futures bet in the foreign exchange market with other players on the USD/NOK currency exchange plate.
It has an impact on Norwegian krone's spot foreign exchange, but its impact is far less than that of Soros.
To put it simply, the Kingdom of Norway is like a village, which prints and spends its own money. Soros just takes the money from outside and goes inside to dump the village's money.
If he succeeds, the money in this village will become worthless and the monetary system will collapse.
Abel was standing outside the village, betting with a lot of other gambling monsters on whether Soros could succeed.
Generally speaking, this is the difference. To explain it in detail, I think it would take a finance graduate to explain it.
This is the difference between spot foreign exchange and foreign exchange futures contract betting.
However, in many cases, betting on futures contracts can also be converted into spot foreign exchange transactions.
Soros said that he wanted to join forces with Abel because he wanted Abel to cash out his futures betting positions and turn them into real foreign exchange transactions.
In that case, Abel would become like Soros, directly standing up to short the Kingdom of Norway.
It's not like what Abel is doing now, where he just uses the exchange rate of Norwegian krone as the betting result.
Although Abel did this, he was actually shorting the Norwegian krone, which had a great impact on the exchange rate of the Norwegian krone.
But no matter how influential it is, it's better to do it for real like Soros.
This is the difference in Norwegian krone between the two at this time.
"Dear Mr. Smith, are you sure you really don't want to take a bite?"
Soros was not discouraged, and the old guy continued to encourage Abel:
"We have many allies this time. We have more friends than when I was in Southeast Asia and Han Kingdom."
Abel knew that what Soros said was true.
In fact, it was Soros alone, plus some of the Oilers' financial capital.
It was impossible to defeat the British pound in 1991.
It is also impossible to defeat Southeast Asia and the Han Kingdom further behind later.
I did it together with Soros at the time.
It is the power of the entire Wall Street, plus the financial power of Europe and even Neon.
It was these guys, collectively known as international hot money, who swarmed in and attacked like crazy to complete the achievement.
Soros is just the spearhead of the charge, the one who blows the horn.
When the old guy said these words, he was telling Abel.
This time for the Kingdom of Norway, international hot money will also enter the market.
Probably most of them have already entered.
They are very happy to cooperate with Soros.
As long as it is profitable, even the Kingdom of Norway has its own financial capital.
They may all attack their own motherland.
This is financial capital, which is more terrifying than ordinary capital, and the purpose of its existence is to proliferate indefinitely.
It is the most terrifying money power ever created in human history.
Even the occurrence of World War I and World War II had traces of their existence.
The only way to escape their shadow and claws is to close the country financially.
Even the door is closed, so there is no need to worry about their wreaking havoc.
But even so, they still knock on the door from time to time.
Like a ghost knocking on the door.
Pulling back his divergent thoughts, Abel whispered:
"George, you said so yourself. Then you should understand that I am just like your friends. As long as the situation is right. You understand."
Soros laughed. This sword of Wall Street finance felt that he knew what Abel meant.
"That's it." Soros looked at Abel, "Then I understand. I wish us a happy cooperation."
Soros reached out to Abel.
Abel reached out and shook his hand, but instead of responding to his happy cooperation, he smiled and said:
"I've been in London for almost four days and haven't been out much. Dear George, I'm going to the exchange this afternoon. How about you?"
"I'm also going to the exchange." Soros said, "I'm preparing ammunition."
"How about we go together?" Abel said with a smile.
Soros did not refuse.
Abel took little Laura with him, and little Nizi didn't speak the whole time just now.
She just kept smiling and acted as the most beautiful vase.
Little Laura knew that in this situation, what she did was the most correct thing to do.
The group of people waited and soon arrived at the City of London.
The abbreviation of the City of London is the City of London, which is one of the 33 counties in the Greater London area.
It is located on the east side of the famous St. Paul's Cathedral in London, covering an area of 2.6 square kilometers, and is also known as the "Square Mile".
This square mile of land is also called the City of London because of the large number of banks, stock exchanges, gold markets and other financial institutions.
When Soros came here, he originally planned to go to the futures exchange and stock market.
But Abel is going to the gold market.
To be continued...