Originally, Greenspan thought that Sir Gao, the president of the Hong Kong Monetary Authority, should personally return to Hong Kong to take charge of major actions such as strangling short-sellers in the U.S. dollar and reversing the trend of the U.S. dollar, which has become increasingly weaker than the Fed's tolerance level since the Plaza Accord, to achieve the best coordination effect.

But Gao Xian showed his astonishing control over his own territory. He just gave orders from across the Pacific Ocean and calmly controlled the area by remote control.

On the first Monday after the long holiday, traders in the Hong Kong foreign exchange market, who had not yet fully come out of the joy of vacation and entered work mode, received calls one after another from the Federal Reserve Bank of New York, the largest member of the Federal Reserve system.

Direct inquiries from foreign exchange traders, and no matter what the price of the US dollar is, whatever is available takes it all!

The traders in the Xiangjiang foreign exchange market were suddenly shocked and smelled the unusual smell of today's market.

You know, it has almost never happened before that the Federal Reserve Bank of New York took the initiative to contact and inquire directly!

What's more, the Federal Reserve Bank of New York still has the kind of arrogant attitude that sees everything, which can be said to be the first to seize the opportunity and shock the market!

Similar scenes are also playing out in other Asian foreign exchange markets, including one, which is simply too high-profile!

At the same time, purportedly authoritative news also began to circulate privately, that is, several central banks belonging to a pivotal level have joined forces to combat the short forces of the US dollar. Buying orders from the Federal Reserve are pouring in, gaining momentum in the foreign exchange market.

This is evidenced by the increasing force on spot and futures exchange rates simultaneously, and the intermittently pushing up the U.S. dollar.

The big US dollar short sellers in the Hong Kong foreign exchange market, feeling that something was not going well, immediately ran away and fled; while the small and medium-sized retail investors did not know where they were, and watched the big short sellers retreat cutely.

into one piece.

Just like last year's Black Monday global stock market crash, the world's major stock markets spread like dominoes, and foreign exchange markets around the world began to follow suit.

The major media outlets promptly added fuel to the fire and reported that the U.S. dollar rebounded strongly in the foreign exchange market...

This is just the action of the foreign exchange market and the media. In fact, Greenspan’s secret plan to strangle dollar shorts is far more than that, involving stocks, bonds, futures, commodities, media, rating agencies, economists, geopolitics,

There are joint actions in the fields of military, diplomacy, etc. After all, there are too many cards that the U.S. government and the Federal Reserve can play, and Greenspan was the first to pioneer this super complex combination.

So, what is the effect?

After only two trading days on Monday and Tuesday, the US dollar short orders in the international foreign exchange market were almost extinct. Within two days, the US dollar appreciated strongly by 8.3% against the Japanese yen, and even rebounded by as much as 100% against the West German mark.

At 10.4, it can be said that the US dollar short forces and their herd effect since the Plaza Accord have been completely wiped out.

Judging from this result, Greenspan is indeed more skillful than his predecessor Volcker. Volcker only wielded the interest rate stick, while Greenspan skillfully mobilized multiple services to coordinate comprehensive three-dimensional operations.

Gu Sha

The operational expenditure to achieve this goal is even more telling. The total is less than 4 billion US dollars, of which the Bank of Japan spent about 1 billion US dollars, the West German Bank used about 800 million US dollars, and the Hong Kong Monetary Authority spent about 100 million US dollars.

, and the Federal Reserve, which took the lead, only spent approximately US$680 million.

Of course, this level of data is currently unknown to the outside world.

In the final analysis, the essence of this strangulation of US dollar shorts is that the United States is manipulating the exchange rate. The Plaza Accord was carried out before, which caused the Japanese yen to appreciate significantly against the US dollar. Now that it feels that the US dollar is too soft, it has forcibly supported it again. Those and only

If you can do or not talk about relevant things, keep a low profile if you can.

It is precisely because he has seen through this that Gao Xian did not return to Xiangjiang to take charge. To take advantage of this, he must pay attention to his appearance, especially not to follow the facts. He can completely clear up the relationship outside.

But there was no need for Gao Xian to be secretive about the official gains. He directly asked his subordinates at the Hong Kong Monetary Authority on the phone. After the U.S. dollar began to strengthen, how was the severe appreciation pressure faced by the Hong Kong dollar now?

Ren Zhigang couldn't hide his joy and replied, "Sir Gao has remained calm and did not use the solution of negative interest rates. Now that the US dollar is strong, we can just sit back and enjoy the results. The pressure on the appreciation of the Hong Kong dollar has been significantly relieved, and the situation has become much simpler. Let the Hong Kong Monetary Authority integrate Hong Kong

The work of financial regulatory authority has been reduced from a major distraction."

"It's time to conclude the dispute over the supervisory authority of the securities industry in Hong Kong." Gao Xian laughed. After he put down the phone, he began to concentrate on his career.

For example, Gao Xian contacted Greenspan, who was contentedly enjoying the joy of victory, and said, "The Treasury Department has established a presidential working group headed by Brady to investigate last year's Black Monday stock market crash and formulate a report on it.

Can it exert influence, for example, by formally and publicly quoting Gao Xian’s report and analysis of the Hong Kong stock market?”

In front of Sir Gao, who had a close personal relationship with him, Greenspan did not hide his complacency, caution, and the need to control his performance in public. He openly stated that generally speaking, it is best for the Federal Reserve and the Treasury to go their separate ways.

However, as he was the man who decisively saved last year's Black Monday stock market crash, he can still have some influence.

At this point, Greenspan, who had already guessed Gao Xian's intention, praised: "Sir Gao, you are really smart. The securities industry in Hong Kong is in turmoil. I have heard about it. If the Brady Report is officially

If the "Gao Xian Report" is quoted publicly, the authority of the Hong Kong Monetary Authority to take over the supervision of the securities industry in Hong Kong will be unstoppable."

Sir Gao certainly didn't care about his thoughts being seen through by the other party. He joked in a relaxed tone, "Do you think there's anything inappropriate?"

"I guess those Brady people are willing to reduce their workload, and they should have even read the "High String Report"." Greenspan thought: "The research focus of the "Brady Report" must be the U.S. stock market.

"Although Hong Kong's stock market is a typical example, it is only part of the Brady Report."

"As for the understanding of the Hong Kong stock market, how many people can guarantee that they have a deeper understanding of the Hong Kong stock market than Sir Gao?"

"Thank you, thank you." Gao Xian laughed, "Then it's up to you to beat the drum. The dispute over the supervisory authority of the securities industry in Hong Kong is always so time-consuming. It's not the same thing. I guarantee that the Xiangjiang Monetary Authority will create a truly
Chapter completed!