"One hundred percent reliable." Qin Yi nodded seriously, "But these are just a cover, their real target is the pound."
"Pound?" Jacob sat upright seriously, "Can you tell me more about it?"
"Okay." Qin Yi nodded, "But there is a fee for listening to this."
"what do you want?"
"That gravure printing press, you will withdraw from the competition tomorrow."
"Okay." Jacob replied without hesitation, "Is there any more?"
"Also, we will discuss this issue later." Qin Yi changed his posture and leaned comfortably on the sofa, "I will tell you about the pound issue."
"In March 1979, eight countries in the European Community jointly established the European Monetary System (EMS) and began to establish exchange rate links between national currencies."
“The currencies of various countries are no longer pegged to gold or the U.S. dollar, but to each other. Each currency is only allowed to float within a certain exchange rate range. Once it exceeds the prescribed exchange rate floating range, the central bank of each member country must pass
Market intervention is carried out by buying and selling the national currency to stabilize the country’s currency exchange rate within the prescribed range.”
"Germany has the strongest economy, so the exchange rates between currencies of various countries are anchored by the Mark."
"The Republic of Korea joined the EMS in 1990, but before it joined, the exchange rate between the pound and the mark had stabilized at 1:2.95. The economy of the Republic of Korea has now declined significantly, and inflation has been rising. Maintaining such a high exchange rate as a condition for joining the EMS comes at a cost
It’s very expensive.”
“On February 7 this year, the European Community signed the Maastricht Treaty, but the exchange rates of many countries are artificially overvalued, such as the pound and the lira. If the central banks of these countries face pressure to cut interest rates and depreciate, what will they do?
In line with Germany, which has strong economic strength, if something happens, will Germany sacrifice itself to save them?"
"Now the pound faces a dilemma. To join the EMS, the pound must be pegged to the mark. With a lower limit, it can only float within the limits of the exchange rate mechanism."
"The biggest problem now is that the Korean economy is in a long-term slump and it is impossible to maintain a high interest rate policy. If you want to stimulate the country's economy, you must lower interest rates. But because of the existence of the treaty and EMS, Germany serves as the anchor, and it does not lower interest rates.
If you unilaterally lower the policy, you will be forced to withdraw from the EMS, and then inflation will not be suppressed and the economy will be ruined."
"But Germany was worried that the interest rate cut would affect its own economy, so it rejected the United States' request to cut interest rates."
"Now the country cannot bear it at all and cannot maintain the exchange rate between the pound and the mark. This is a huge opportunity."
"Some people have long seen that the economic strength and national interests of various countries in the EMS make it difficult to maintain coordination. Once some of the "chains" that make up the system become loose, speculators will take advantage of these loose "chains."
Attack."
"Other trend followers will also follow the trend, making the exchange rate more volatile. Eventually, the reliance on the trend chasing mechanism will be much greater than the market's capacity to accept them, until the entire mechanism is destroyed."
After Qin Yi finished his long speech, Jacob was confused and embarrassed to say that he didn't understand. The atmosphere in the room was quite awkward.
"Okay, you just need to know that the Republic of China must maintain the interest rate between the pound and the mark now. If someone is short, it will have to buy a large amount of pounds to maintain the exchange rate." Qin Yi added simply and clearly.
"You can ask economists about the specific content to see if they think so."
"Then..." Jacob hesitated, "How can I prove that what you said is true?"
"It's very simple, if you have connections on Wall Street, you can ask if anyone is increasing the size of their sterling positions."
Jacob thought for a while and stood up, "I want to make a phone call."
"Excuse me." Qin Yi stretched out his hand and made a gesture of invitation.
Jacob picked up the phone and dialed, "William, how are you, how are you doing lately?"
"Still the same, Jacob, you piece of shit, why are you calling me?"
"I recently got some news. Are you planning to look for opportunities in Europe?"
"Huh? Who told you this?" The other person suddenly became alert.
"Then I guessed it right?" Jacob immediately confirmed the information Qin Yi told him, "Is it a mark? Or a lira or a pound."
"Damn it, Jacob, no matter where you hear the news, you'd better keep your mouth shut. Some big shots don't want to make a fuss before it happens."
Jacob hung up the phone and looked at Qin Yi with a serious face, "If you want to cooperate, I must first know what your plan is."
"Let me show you something first." Qin Yi took out two thousand Hong Kong dollars from his pocket and put them on the table.
Jacob was dumbfounded when he looked at the two banknotes. He had never seen such realistic counterfeit banknotes.
"I would like to introduce myself now. My name is Fang Zhiwei. I used to work in the financial management system of the Republic of China, specializing in banknote printing and anti-counterfeiting work." Qin Yi stood up and said solemnly, "My team is ready
Counterfeit British pounds that are hard to tell from fake.”
Jacob's eyes widened, "Do you have any samples?"
"We still lack printing presses."
“So what are you trying to do by printing pounds?”
"I would like to ask your help to launder these pounds into European banks through your money laundering channels." Qin Yi looked at Jacob expressionlessly, "Can you do it?"
Jacob took a breath, "You want the country to buy back those fake pounds with its own money."
"Yes." Qin Yi nodded, and then corrected, "It's not fake, what we do is real."
"how many?"
"There are hundreds of millions," Qin Yi said casually.
Jacob breathed a sigh of relief, "I thought you were going to print billions."
"It's not impossible." Qin Yi said nonchalantly, "As long as you have needs, we can print it."
"what price?"
"One to ten."
"Impossible, the counterfeit US dollar bills are only one to twenty." Jacob refused directly.
"But the exchange rate between the pound and the US dollar is about 1:1.4." Qin Yi said coldly, "And your subordinates were rude to me just now."
"I apologize to you."
"Apologizing is useless, only money can make it up to me."
"But this money is too much."
"Your men made me very unhappy, and this is the price." Qin Yi sneered, "We said it before, and you agreed."
"I..." Jacob was very angry, "Damn it, I must kick his ass hard, he cost me hundreds of millions of dollars."
"This matter is too important, and I can't give you an answer now." Jacob then said, "The risk is too great, and money laundering is also difficult."
"Then you look for your American friends, they should be able to take advantage of this money."
"Then how should I contact you."
"If you agree, your people will raise the price of the printing press to 51,000 US dollars at tomorrow's auction, and then give up." Qin Yi smiled slightly, "I will contact you when I get the information, and I will call you.
.”
"Damn, time is so tight."
"I wish you good luck." After Qin Yi said this, he turned around, opened the door, and walked out.
At this time, the bodyguards in the corridor were chatting happily when they suddenly saw a stranger coming out of the room. The two of them were stunned.
When Qin Yi passed the fat man, he gestured with his middle finger and said, "Fake squid, damn fat man."
The fat man suddenly blushed and was about to catch up when suddenly a greeting came from the room, "Tim, come in."
The fat man spat at Qin Yi's back unwillingly, turned around and entered the room, "What's the matter, boss?"
A chair hit him, knocking the fat man to the ground.
Jacob came over and kicked the fat man hard several times.
…
Qin Yi walked out of the hotel quickly and disappeared into the dark alley. Then, after changing his clothes and appearance, he slowly returned to the hotel.
When he opened the door to the room, he found that Li Xiangdong and the others had already gone back to the next room to sleep, while Shapi was still tinkering with the safe.
"Brother Shapi, we really can't use the flame cutting machine." Qin Yi said casually.
"No, no, no, don't disturb me, it will be over soon." Shapi said a little unhappy.
Qin Yi yawned and prepared to take a good sleep to replenish the reduced flow that empowered Ruan Wen.
"Click."
Shapi suddenly jumped up in surprise, "I opened it."
Qin Yi subconsciously glanced at the open safe and found streaks of golden light coming out of it.
"Wow, I'm rich!"
Sharpei pulled out more than a dozen gold bars, a large amount of U.S. dollars, an initial estimate of millions of dollars in cash, and bonds.
The most valuable thing is a thin piece of paper, which is a Swiss bank cashier's check that often appears in Hong Kong movies.