America's Road to Wealth

Chapter 299 Be the King of Europe

City of London.

The top floor of the Forry Building.

Abel was lying on his boss's chair, with a huge floor-to-ceiling window behind him.

Outside the floor-to-ceiling windows, it was drizzling and looking a bit foggy in London.

Through the drizzle and those fogs, London Bridge can be seen in the distance.

At this time, Abel was holding a newspaper in his hand.

That's a copy of today's latest Daily Telegraph.

In the newspaper, there is a news item on page three.

The headline of the news is "Kingdom of Norway launches membership application to European Commission".

This news reported that in the past week, the Kingdom of Norway has twice applied to the European Commission to join.

【.The Kingdom of Norway and the Kingdom of Sweden are on the Scandinavian Peninsula. But in terms of economy and resources, the Kingdom of Norway has always been stronger. 】

【.Everyone in Europe knows... Norway and Sweden are not members of the EU, and these two countries and Northern Europe have also established a Nordic Monetary Union. These countries are relatively independent from the EU]

[However, in recent times, Norway has frequently made overtures to the EU. Recently, you even want to join the European Union. What is the purpose of this? 】

【Actually】

【.】

In fact, this time, Norway was finally cornered by 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 survive.

The second time, Norway showed weakness when it asked for help from the EU, and received limited help from the EU on some economic cooperation terms it signed.

In the previous two times, the Kingdom of Norway repelled international hot money led by Soros.

However, under the third attack of international hot money that had been accumulated for a long time, the Norwegian krone was once again in crisis.

This time the EU is not willing to help with real money.

Norway finally panicked and wanted to join the EU and use the power of the EU to help it fight off international hot money.

But how easy is it to join the EU?

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

But Norway refused.

If you can live a good life selling oil and natural gas, why should you be a little brother to the EU?

Who doesn’t know that the EU sounds like the European Union, but in fact it is just an economic alliance controlled by Britain, France and Germany.

France and Germany are the core of this European Union.

The Kingdom of Norway does not want to be sucked, and Sweden is also unwilling to join.

The Kingdom of Norway is unlucky because its sovereign currency is treated as a bet in the international foreign exchange futures market.

Because too much money was accumulated above, it was finally fed back into reality.

It attracted international hot money represented by Soros, and was eventually targeted by international hot money, resulting in today's disaster.

Before the incident, Norway, which did not want to be sucked by Britain, France and Germany, mainly France and Germany, refused to join the EU.

Now that something is going to happen, I think of Britain, France and Germany.

Of course, the EU will not agree so easily.

During the second round of support, the EU put forward many conditions.

Of course, there are more conditions proposed this time, many of which Norway itself does not agree to.

So now we are in a stalemate.

This matter is also a hot topic in Europe recently.

"High-end newspapers" like the "Daily Telegraph" stare at these reports every day.

After reading the news, Abel threw the newspaper on his desk.

In front of him stood Alan Baker, general manager of Smith Brain Group.

And Jed, CEO of Smith Capital (UK).

"Soros has contacted me again. How many times is this?"

"This is the seventh time," Allen said.

"Jed, what's our current floating profit on USD/NOK?"

Jed immediately said: "It's probably around 4 billion US dollars."

“What about capital costs?”

Smith Capital’s investment in USD/NOK began more than two months ago.

For more than two months, such a large amount of money has been invested in it. Of course, it is impossible to have no capital costs.

Even among these funds, the actual funds provided by Smith Capital are only about 30 billion US dollars.

But there is another $50 billion or so.

They exist there, and Smith Capital pays huge interest every day.

Fortunately, most of these funds come from Pacific Commercial Bank, and the interest is relatively small.

But no matter how small the interest is, it still costs interest, not to mention that the other half comes from Wells Fargo and Citibank.

Banks never do charity.

With such a large amount of funds, the daily interest is a considerable capital cost.

After holding it for more than two months, the cost of maintaining the existence of these funds is even more exaggerated.

"The current capital cost of holding positions is a total of 1.36 billion US dollars." Jade said.

In other words, the position is 80 billion U.S. dollars and 800,000 lots of USD/NOK foreign exchange futures short contracts.

Smith Capital has paid $1.36 billion in capital costs.

Fortunately, after Soros entered the market.

The short side finally showed intention to retreat.

USD/NOK began to rise, and Smith Capital's account began to gain ground.

It's just when the short side shows signs of retreat.

Because of the arrival of Soros, the Norwegian government also stood up and began to short USD/NOK.

Norway's actions have supported USD/NOK shorts.

Let this be long the US dollar, and at the same time short the Norwegian krone currency pair, another period of stalemate began.

There is a situation where Smith Capital has profits, but given the huge costs, the profits do not appear to be high.

After hearing these data, Abel thought for a while and said softly:

"It's time for us to exit. Jed, let us know over in New York and we're starting to close our USD/NOK position."

"Understood. What is the closing quantity?" Jed said excitedly.

"First close the position of 100,000 lots, and use the funds after closing the position to buy spot Norwegian krone." Abel said.

"What do you mean?" Jade asked uncertainly.

"I mean?"

Abel had a smile on his face and he said:

"The critical moment has come. If I join this battlefield at this time, no matter which side I stand on, I will be an oppressive presence to the other side."

"Jed, the next script will be the script of World War I and the early stages of World War II, and in this script, we are Americans."

What was the American playbook in the early years of World War I and World War II?

Jump left and right, selling arms on both sides!

Abel's current approach is to seek to obtain a large amount of spot Norwegian krone while closing his position in USD/NOK.

He wants to stand between international hot money and the Kingdom of Norway, and be the "America" ​​between these two parties.

He wants to exploit the "war fortune" of this financial war.

In Abel Command Smith Capital (UK), as well as the headquarters over there in New York.

Together, both parties began to slowly close their USD/NOK positions.

Then I bought a large amount of spot Norwegian kroner in the market.

In this financial war, international hot money was originally superior to the third offensive and defensive war.

Because Smith Capital, the super long position of USD/NOK, withdrew, it slowly began to go short.

The reverse is that the Norwegian krone starts to move higher.

Originally, when this happened, it was probably because the international hot money side was unhappy and the Kingdom of Norway was happy.

But when the two parties knew that the person who did this was Abel.

The international hot money side was immediately unhappy if it didn't happen.

The Kingdom of Norway is not happy about the appreciation of the Norwegian krone.

Metaphorically speaking.

This is equivalent to the time in the early to mid-term of World War II, when the Allies and the Axis powers fought particularly fiercely, and then the Axis began to falter.

The United States suddenly jumped out, holding a bunch of aircraft carriers, aircraft, and troops, standing between the two sides, but its attitude was unclear.

What is the feeling of the other two parties who have already started to fight at this time? What is the feeling of international hot money and the Kingdom of Norway now?

It was obvious which side Abel was on at this time.

On the other side, a big rout may occur.

At this time, Smith Capital held US$80 billion in funds.

Both parties also know that Smith Capital will have at least US$50 billion of its own funds in the future.

The total amount is 130 billion U.S. dollars. Even if you dare to use leverage, the amount of funds can exceed this figure.

Both international hot money and the Kingdom of Norway have fallen into great passivity.

Two days later, when Smith Capital successfully closed its first 100,000 USD/NOK position.

And began to buy a large amount of Norwegian krone spot.

Soros finally couldn't bear it anymore. He went to No. 15 Fury Building in the City of London to find Abel himself.

This representative of international hot money wants to talk to Abel!

Soros missed the mark, and he didn't find out until he arrived at Smith Capital (UK).

This guy Abel Smith actually ran away!

Fortunately, Abel hasn’t run back to the United States yet. Jed, CEO of Smith Capital (UK), told Wall Street Sword with a smile:

"Mr. Soros. My boss has already gone to France this morning. Because Miss Bush said she wanted to go skiing in the summer in France."

Soros wanted to scold Jed for talking nonsense.

The ski season in France runs from December to the first half of May.

Where can I ski in France at other times? Unless you go to the snowy mountains of the Alps, you have to go to the top of the mountain!

Soros knew that someone was hiding from him.

"I understand. Thank you, Jed. I will go to France." Soros thanked him and left without expression.

After leaving Smith Capital's headquarters in the UK.

Soros immediately asked someone to check.

I discovered that Abel’s private plane really flew from London to Paris this morning.

That means I don’t know if Abel went skiing in France in the summer.

At least the fact that Abel went to France should be true.

Without much hesitation, Soros also set off for France that day.

When Soros first arrived at the headquarters of Smith Capital (UK).

Abel also happened to have just arrived in Paris.

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

With the sound of aircraft engines shutting down.

The passengers on the private plane got off the plane in an orderly manner.

How can there be snow in Paris in August?

Although the latitude is similar to that of the imperial capital of China.

However, due to the influence of the warm Atlantic current, the weather and temperature in Paris are basically the same as those in the magical capital of China.

Depart from Charles de Gaulle International Airport.

Abel and others drove to the west side of Little Paris, which is the La Défense Economic and Business District.

This area is the commercial center of Paris, and the headquarters of most of Paris's banks and insurance companies (including the Bank of France and the Stock Exchange) are located here.

This is almost equivalent to Manhattan in New York and the Financial City in London.

Abel had never been to France before.

But it was the same as when he first went to London.

Rock security personnel and David had already come here, and many things had been arranged for his arrival.

In addition, in London, there was still widespread coverage of his acquisition of Manchester United.

Some members of the Smith Intelligence Group have already been here for activities.

So although it was his first time arriving in Paris.

But his subordinates planned all the itineraries and sent him to a room at the Pullman Paris Defense Resort, one of the best hotels in La Défense.

At three o'clock in the afternoon.

Abel was already located at the Pullman Paris Défense Resort. The huge floor-to-ceiling windows of the executive suite on the top floor overlooked La Défense, the most prosperous CBD in France.

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

At that time, apart from Manhattan and London, there was no difference in CBD central areas in the world.

It can be said that this place itself is one of the originators of urban CBD.

It also provided reference for some subsequent urban business district planning.

Almost all the high-rise buildings in Paris are concentrated here.

Although it does not have the super high-rise buildings that are common in New York, it still looks spectacular against the overall low buildings in Paris.

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

Actually, in Abel's opinion.

At this time, Paris was actually one of the real centers of Europe compared with London, which was outside the European continent.

The reason why it is one is because it has another center.

That center is in Germany next door, Berlin, Germany.

Germany and France are the current dual core of Europe and the engine of the EU.

In the EU, the UK’s main role is actually to stir things up

When Abel stood in front of the floor-to-ceiling window, looking down at Paris.

Anne Hathaway and little Laura came over with their luggage placed in the room.

"Is this Paris?"

When Anne Hathaway came to Paris for the first time, she saw a series of low buildings.

“It looks really old”

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

Anne's first impression of Paris, which looked a bit shabby, was a bit disappointing.

"This is what Paris is like." Little Laura also came to the floor-to-ceiling window and said to Anne with a smile:

"Are you a little disappointed? It's normal to be disappointed. When I was twelve years old, my father brought me here, and I was disappointed in Paris."

"Actually, it looks good like this. If you go for a walk on some streets, you will even think that you are not coming to Paris, but to a certain city in Africa, or Chicago in the United States, etc. City!"

Anne was puzzled.

Abel said: "There are too many black people. Paris now has a population of 9 million, but there are almost 1.8 million black people. I hate this city. It looks too dirty, old and black."

Hearing what Abel said, Anne Hathaway was even more disappointed.

Because France was too strong in the past, and the city's character was well created.

Even many Americans think Paris is a romantic city.

So it’s no wonder that this young Chinese man longed for the romance of Paris.

Only if you really come to Paris.

After arriving in Paris, the streets were full of garbage and black people, and even Paris smelled of feces and urine in many corners.

Only then will they discover that this is the true face of Paris.

Abel has never been to Paris.

But there is the Smith Intelligence Group, and there is also the perspective of the Reborn.

He knows the true face of Paris and France.

Although France now still has some confidence.

But if the trajectory remains unchanged, it will take another ten years at most.

Like next door, this place will become another overseas economic colony of the United States.

And in this time and space, he himself will even take the initiative to push this process forward.

Let France sink into it sooner.

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

Then he smiled and said: "I'm going to attend a meeting later. Do you want to rest here, or go out to have fun?"

"What meeting?" Anne Hathaway asked curiously.

Her inquiry also made Abel discover the difference between her and little Laura.

If this were little Laura, little Laura would only gently ask him to be careful and be prepared.

I never asked him what he was doing.

It’s not that little Laura doesn’t have a strong personality, it’s that little Laura was gentle and considerate to the extreme when facing Abel.

Little Laura was not so gentle when facing Anne alone.

Abel smiled and said, "It's a gathering of the Young Leaders Project organized by the French-American Foundation."

Anne Hathaway didn't know what it was.

But since it is a foundation, it also involves the United States and France, and there is even the term youth leader in it.

It sounded very high-end, and she smiled and asked Abel to hurry up.

After Abel left, Annie asked little Laura curiously.

Ask what the French-American Foundation and the Youth Leadership Program are.

"The French-American Foundation is an NGO organization founded in the 1980s." Little Laura explained casually.

"What about this youth leadership program? It sounds awesome."

"This is indeed very powerful. It is said that" Little Laura gossiped to Annie——

"I don't know about France, but we in America, you should know Mr. and Mrs. Zipperton, right?"

"certainly!"

said Anne.

There may still be people in the United States who don't know George Bush.

But absolutely everyone knows Mr. and Mrs. Zipperton, the former owners of the white house.

After all, on the surface, the United States has reached the number one position in the world in the hands of these white house owners.

"Zipton and his wife, Larry Diane Rodham Zipper."

Little Laura said: "It is said that I was a member of this foundation and participated in this youth leadership project."

"Wow." Annie couldn't help but admired: "It sounds amazing!"

Little Laura smiled.

Neither of them knew that it was as early as half a year ago.

Abel has become one of the major sponsors of the Franco-American Foundation.

on the foundation's list of patrons.

There is a long list of names of American people and companies.

For example, George Soros, Warren Buffett

Another example is General Electric and Boeing.

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