v2 Chapter 569： Hong Kong Dollar Credit System

Not only did William Morgan fail to make a breakthrough in Hong Kong, but also in the Middle East and the United Kingdom. In order to win and prove himself to the family, he has found a lot of relationships, which can be described as a multi-pronged approach.

At the same time, in order to help his son, old Morgan actually called the Rothschild family, who had never been in contact with each other. But what he didn't expect was that the Rothschild family didn't give face, which made him very incomprehensible.

Although there are some contradictions between the two families, everyone is Jewish after all and has the same ancestor. Obviously helping outsiders now doesn't count, and he has already lowered his posture and still doesn't give face. This is to fight with the Morgan family.

The old Morgan, who had run into a wall in the Rothschild family, turned his head and issued a warning to the royal family in the Middle East, clearly telling them that this is the United States and this is Wall Street. If you want to be in this area in the future, it is best to follow the rules set by the Morgan family.

The royal families of some small countries in the Middle East have some concerns, after all, many of their investments are on Wall Street. Offending the king here is not worth the gain, but I don't know what happened. The news that the Morgan family threatened the opponent was revealed.

American newspapers don't care who you are, and the Morgan family also has many competitors. Now I actually found out that Old Morgan directly threatened and intimidated his opponent for his son's rise to power. Is this something that Free America can do!

The Boston Post was the first to report the news, detailing that in order to help his son use his influence in the U.S. financial circle to intimidate his opponents, Morgan also used national resources to bribe his opponents.

With the help of people with intentions, the report made the world see the face of the Morgan family. This Wall Street financial giant is so shameless. Some congressmen even came out to criticize the Morgan family for actually using the power granted by the state to buy off their opponents, which is to show favor with the wealth of the American people.

The then US President Ronald Reagan belonged to the Republican camp, and the Morgan family was the largest funder of the Democratic Party. This made President Reagan speak out and publicly accuse the old Morgan of smearing the freedom of American capital and hindering the development of the US economy.

Old Morgan saw that things were out of control and had to pretend to be sick at home. Now the people asked him to come out to explain, how to explain this clearly.

After the coercion and inducements were unsuccessful, William Morgan began to intensify his short-selling efforts. But this time the bulls are not only a few institutions, but also the people of Hong Kong. The Hong Kong dollar exchange rate has begun to rise at a speed that can be seen with the naked eye. By Wednesday, it had recovered to 4.6 yuan, basically returning to the level at the beginning of the year. When the market closed on Friday, it rose to the level of 4 yuan, which has exceeded the expectations of the people in Hong Kong.

It can be said that the exchange rate of the Hong Kong dollar has risen by about 8 points compared with the beginning of the year after a wave of operations, but Bao Zixuan dare not let the Hong Kong dollar continue to appreciate. In that case, it will be a fatal blow to the export enterprises of Hong Kong.

At this time, the hedge funds that Wall Street participated in shorting the Hong Kong dollar were really mourning, and the entire Wall Street suffered a huge loss of 20 billion US dollars in this shorting of the Hong Kong dollar. This is not even a short order in the futures market. Now there is no Hong Kong dollar selling in the market, and they still have a short order ranging from one month to three months that has not been closed. If the delivery cannot be made by then, it will be short-selling and short-selling, and will definitely be severely sanctioned at that time.

At this time, many institutions are trying their best to buy Hong Kong dollars, and only in this way can they close their positions. Losses are inevitable, but failure to deliver at the due date is a violation of the law.

William - Morgan said to the housekeeper Leon: "How much are we going to lose this time."

Leon: "Master, our Morgan Bank lost more than 10.3 billion US dollars this time, but the matter is not over. We still have 85 billion Hong Kong dollars in the futures market that has not been closed, because there are not so many Hong Kong dollars in the market. The funds in this action are all buying Hong Kong dollars, and they also have large short positions in the futures market that have not been closed.”

William - Morgan: "Then step up the exchange of Hong Kong dollars. I didn't expect that the Rothschild family and the Middle East would dare to come and make trouble. Next time I have a chance, I will definitely make them look good."

Leon was secretly disappointed, does this eldest young master have a future! At least in the financial field, it is difficult. In order to help him this time, the master has been attacked and has to pretend to be sick at home. Will the rest of the family let this second world lord with high eyes and low hands continue to take charge of the project!

The Qian Morgan family is still losing money, but the question of personal ability is more serious than losing money. Which generation of the heirs of the Morgan family is not the leader of Wall Street, who can be personally received by the heads of state when they go to any country in the world.

But now William Morgan still has the opportunity to become the patriarch. As a steward who has served the Morgan family for generations, he feels very difficult. The family will not let a loser become the patriarch. Such a person cannot make the family grow and develop, and may even bring disaster to the family. In the future, it is the best ending to be a brother who is not short of money. If you continue to be greedy for power, you will die very ugly.

Leon: "Master; there is not so much selling of Hong Kong dollars in the market now. All Wall Street hedge funds are desperately converting Hong Kong dollars, and they also have a lot of short positions that need to be closed, and short-selling behaviors should be investigated."

"We have several short orders that are about to expire. If we can't close the position, we will not only be subject to huge fines, but in serious cases, we may be banned from securities trading. Morgan Bank can't afford to lose this person."

William - Morgan also knew that the family's reputation could not be destroyed in his hands, if Morgan Bank was banned from securities trading because the short position could not be closed. Not only will his competitors take the opportunity to suppress him, his cousins ​​will definitely fall into the trap.

Father has been implicated because of his own affairs, and even old Morgan may not have any good solutions at this time.

William-Morgan: "Leon, what do you think we should do now? Would you like to discuss with the Royal Family of the Middle East and the Rothschild family. Let them earn a fortune this time, and they will be repaid in the future."

Hearing William-Morgan still talking tough and arguing at this time; what's the point. Moreover, the crux of the problem has not been grasped, and it is meaningless to find the Middle East royal family and the Rothschild family now. Old Morgan's face must not be big enough, or he did not let him relax, which shows that both sides are very determined. Now we need to find the key people, only in this way can the problem be solved in one go.

Laysang: "Master, neither the Rothschild nor the royal family of the Middle East will agree to us now, because they have already offended us, and they don't care if the offense is harsher. Besides, they didn't give the master's face, so let's beg them not to be too serious. big meaning."

"It is because of Bao Zixuan that the Rothchild family and the royal family of the Middle East made their move to long Hong Kong dollars. They must have an agreement in private. It is estimated that Bao Zixuan has paid a very high price this time. Deal privately with any institution."

"In that case, you will offend Bao Zixuan. Originally, Bao Zixuan wanted to be grateful to them. If they ask for anything in the future, Heiyun will definitely support them. But what will happen to Bao Zixuan once they trade with us in private? ."

William Morgan knew what to do after hearing Leon's analysis. But he really didn't want to do it like this In that case, he would be a joke, and even the entire Morgan family would become a laughing stock.

This weekend is indeed very happy for the people of Xiangjiang, and it can be said to be the most comfortable weekend in so many days. The current exchange rate of the Hong Kong dollar is stable and rising slowly; this shows that their wealth is not shrinking. The most important thing is that with the reserves of Hong Kong dollars in the Middle East countries, many risks can be reduced in future trade, and there is no need to worry about the impact of exchange rate differences on costs.

Heiyun Bank is also making statistics on the profit of the international hot money shorting the Hong Kong dollar this time, and their income is indeed a lot. Wealth does not disappear for no reason, it just flows from one side to the other. When Wall Street's capital is in blood loss, as an opponent, it will get a lot of profits.

In fact, Bao Zixuan is not very concerned about how much money he makes. What makes him most excited is that Heiyun Bank will have 25% of the minting rights of Hong Kong dollars starting from January next year. For a bank that has been established for less than a year, it is simply a miracle, not to mention when the Hong Kong dollar credit system has initially taken shape.

Hong Kong's victory over short-selling institutions has redefined the Hong Kong economy worldwide. This is not only an increase in the city's reputation, but also an increase in the status of the Hong Kong dollar in people's hearts. HSBC, a quasi-central bank, was able to defeat the international hot money without any contribution from other financial institutions in Hong Kong. Although external forces intervened, it was enough to show how terrifying the wealth in the hands of Hong Kong companies and people.