Chapter 500 Trip to Europe
After the two-day market closure over the weekend, in the new week, international hot money once again launched a larger impact on the pound.
Faced with the surging pound orders in the foreign exchange market, the British government only barely supported it for two days on Monday and Tuesday, but had no choice but to give up protecting the pound exchange rate and was forced to declare the depreciation of the pound.
While giving up protecting the exchange rate, the British government also officially announced to the public that it would withdraw from the European monetary system.
Anyone who has a little understanding of the international financial landscape understands that the reason why Britain, or the entire Europe, suffers this disaster, is ultimately because the United States on the other side of the Atlantic Ocean wants to maintain the global hegemony of the US dollar.
As the pound withdraws from the European monetary system, the European Community's idea of using this system to fight the dollar was officially shattered.
Media from European countries have recently criticized Soros' quantum funds and other international hot money, and Soros has also become "infamous". But for anyone with a discerning eye, everyone actually knows that it is the US government that really promotes this matter.
Soros is just a 'stolen bird' and a 'scapegoat'.
Of course, whether it is a scapegoat or a scapegoat, Soros who is pushed to the table is not considered a loss.
After the British pound gave up its resistance, the currencies of European countries such as Spain's Pesetta and French franc were successively attacked to varying degrees, and the European monetary system was basically in name only.
During the entire confrontation, the British government invested a total of 27 billion pounds to stabilize the exchange rate, but in the end it was still defeated. But at the same time, only Soros personally made a profit of US$1 billion in this attack on European currencies, and the total profits of other international hot money are even more incalculable.
Soros became famous in a battle and was in full swing on Wall Street.
At the same time, the media soon noticed that Cersei Capital, which had been silent during the attack on the European monetary system.
Since the stock market crash in 1987, the subsequent Japanese stock market bubble, the collapse of the US bond market, etc., Cersei Capital has been active. However, this excellent arbitrage opportunity, Cersei Capital actually seemed silent, which is obviously abnormal.
Insider information soon broke out in the media's attention.
The Wall Street Journal published a special special article on September 26, and the title was also quite eye-catching: "Cersei Capital Magic No More".
The article started by taking the European currency crisis just now settled, and first praised Quantum Fund's outstanding performance in this crisis. Then the topic changed and the "insider" began to be exposed.
The article describes that just a week ago, three top fund managers of Cersei Fund Management Company, a subsidiary of Cersei Capital, suddenly resigned and took away a team of more than ten people. The group refused to recruit other colleagues on Wall Street, quickly established a brand new hedge fund, and began to raise funds from the outside.
As one of Wall Street's most confidentiality-oriented companys, Cersei Capital has always disclosed little information.
This time, the Wall Street Journal reporter keenly noticed something. After some twists and turns, he finally got an opportunity to interview three fund managers who left Cersei Capital.
The reason why the three managers left was the just-passed European currency crisis.
It turned out that one of the three managers had predicted that the European currency crisis might occur a year ago and had returned it to the highest level of Cersei Capital, hoping to make an advance arrangement.
The highest level of Cersei Capital is naturally the Westeros.
However, unlike in the past, this time, the Westeros made a misjudgment, believing that the pound that has been strong for hundreds of years cannot depreciate, and with the strength of one or several hedge funds, it is impossible to shake the entire European Community. Therefore, sniping European currencies is completely whimsical.
In the following year, signs of imbalance within the European monetary system became increasingly obvious, especially after other hedge funds on Wall Street began to deploy, the three fund managers submitted reports to Westeros and his wife more than once, hoping to make arrangements for this.
All of them were rejected.
In the end, Cersei Capital could only watch Wall Street capital such as Quantum Fund make a big profit in the turmoil of the European monetary system, but it could not do anything by itself.
Out of disappointment with the Westeros and his wife becoming more stubborn, the three managers finally decided to leave the job and go alone.
What a sad story.
The rapidly rising Wall Street pride is rapidly declining. Is there anything that can make people sigh more than this?
After the article in the Wall Street Journal was published, countless media called Cersei Capital and even the core of the Westeros system, and the responses received were cold "no comment".
This further proves that Cersei Capital is so secretive about this decision-making mistake.
Although Simon Westeros leads the Forbes US 400 Rich List released at the beginning of the month with a net worth of US$65 billion, such low-level mistakes may very well mean that Westeros system is losing its enterprising efforts in previous years.
Of course, there is no media questioning.
Unlike hedge capital such as Quantum Fund, behind Cersei Capital is the entire Westeros system. In this business empire, Melisandra and Nokia, which are rapidly expanding, are both in Europe. Many companies in the Westeros system also have a large number of businesses in Europe.
If Cersei Capital attacks European currencies with Quantum Fund this time, then Europeans may have no choice but to use pure hedge fund tycoons like Soros, but it will be too easy to watch the Westeros system.
Therefore, it is likely that the Westeros did not agree to participate in the attack on European currencies, which was not a decision-making mistake.
However, this argument was quickly refuted.
Three years ago, Cersei Capital did not give up its operation in the Japanese market, and Simon Westeros was almost "rejected to enter" by the Japanese government. But now, the cooperation between the Westeros system and Japanese companies has not been affected.
Since Japan is the case, Europe should be the same.
If you can see the opportunity in advance, Simon Westeros has no reason to give up this excellent arbitrage opportunity.
You should know that if it is operated properly, Cersei Fund Management can easily obtain double returns that are comparable to the fund size this time. Billions of dollars of profits are in front of you, and no one can resist this temptation.
After such discussions, most media still tend to be a major mistake by the Westeros.
Many newspaper and magazine readers also prefer to see stories of the enviable and jealous "miracle" suddenly disappearing, sad and happy.
For the Westeros system, it is enough to convey to the outside world that Cersei Capital did not participate in this currency speculation. As for the media's "fantasy" about Cersei Capital and even the entire Westeros system to decline, it can greatly alleviate the various parties' attitude towards the Westeros system and Simon's personal attitude.
Although the US$65 billion in the Forbes magazine announced in early September, many people envied and praised it, it also attracted many arguments that the expansion of the Westeros system should be restricted.
There were only three resigned fund managers. The reason for the other party's resignation was that Cersei Capital missed this European currency speculation, but of course it was not as publicly out of disappointment with the Simon and his wife.
The three of them knew very well why the Simon and his wife did this, and they also understood that if there was such an opportunity in the future, Cersei Capital could only miss it for the interests of the entire Westeros system. Therefore, after the two sides had openly discussed in detail, the three of them finally chose to resign in order to get rid of this constraint.
Although he resigned, the relationship between the three managers and Cersei Capital was still good, and he also actively cooperated to stage a "harrowing drama" in the media.
In order to avoid being seen through, Cersei Capital did not invest in a new fund established by the three, but also quickly brought more than 500 million US dollars of capital to the other party through its own network.
Of course, these inside stories must be strictly kept confidential to the outside world.
On Daenerys Entertainment, after the ratings of 7.36 million viewers in the first week, the second episode's ratings rose again due to its good reputation and super high topics, with an average viewership of 8.39 million, an increase of 1 million views. The ratings of the core audience group aged 18 to 49 also rose to 4.6.
The USA team predicts that before the winter break, with the further expansion of the number of basic viewers on the TV network and the continued rise in popularity of "Desperate Housewives", the average viewership of this series is expected to exceed the 10 million mark.
For a cable TV network, the average viewership awareness of a TV program can reach 5 million, which is already the top ratings, exceeding 10 million, which can be said to be a viewership miracle.
In the original time and space, AMC TV network, many years later, rose rapidly with a movie "The Walking Dead" with a viewership of about tens of millions.
The current cable TV industry is very different from more than ten years later, but at this time, USA TV network has many similarities with later AMC TV networks. USA TV network faces strong pressure from traditional public TV networks, and AMC needs to deal with many competitors in the same industry. Both sides can be said to have made a bloody path in the cracks of the industry with a drama.
Of course, the difference is that with the rise of streaming media in the cable TV industry more than ten years later, the scale of the industry has reached the ceiling, and it is impossible to go further.
The cable TV industry in the early 1990s was still booming.
Although it is a focused female TV network, as long as it is carefully and rationally operated, USA TV network still has a lot of room for development.
After the success of "Desperate Housewives", the USA team has begun to consider opening more refined sub-channels, including plans specifically for 18-year-old teenage women, or urban elite white-collar workers with strong consumption power.
Considering that USA TV still has half of its shares owned by Paramount Communications, Simon did not agree to the request of USA senior management to start further arrangements.
On the original timeline, Viacom Group will launch an acquisition of Paramount Communications next year.
However, this time, after internal evaluation by Daenerys Entertainment, the current Viacom Group does not have enough strength to complete the acquisition of Paramount Communications.
The key is Blockbuster.
Viacom in the original space-time is one of the important shareholders of Blockbuster. As a videotape chain, like many retail companies, Blockbuster has a huge cash flow that can be used at any time. Therefore, in order to make up for the shortage of funds in the acquisition of Paramount Communications, Redstone first completely swallowed Blockbuster at a nearly double premium of US$8 billion through share exchange and mergers. Then, with Blockbuster's abundant cash support, he successfully won Paramount Communications by cash plus stock.
However, Daenerys Entertainment, now Blockbuster, is the largest shareholder with a 35% stake, and Viacom does not have a stake in this company.
Not only that, Blockbuster's current market value has reached US$6.3 billion. Even though Viacom still wants to acquire it, Daenerys Entertainment and other shareholders agree to the acquisition, which lacks the advantages of its own shareholders. Blockbuster's stock price is obviously high. Not to mention double the premium, even if it is only a 50% premium, Viacom cannot afford it.
Because of this, after the stock exchange, Redstone's control over Viacom will be shaken.
The economic downturn has not yet passed. In recent years, it has been very difficult to raise funds for mergers and acquisitions in recent years. Without Blockbuster's huge cash support, Viacom could only exchange shares if he wanted to acquire Paramount. Paramount Communications is larger than Viacom. If he cannot get actual benefits, Paramount shareholders cannot give up control and sell the company just to obtain another stock with uncertain future.
However, although Paramount Communications is unlikely to be acquired by Viacom again, it does not have a lot of capital to covet the company.
Simon is sure that Paramount Communications will change hands in the next few years.
And the buyer is likely to still be overseas capital.
The restrictions on overseas capital in the US television industry have not been lifted. Once this is the case, Daenerys Entertainment can naturally acquire all the equity of USA TV network after Paramount Communications is acquired.
Of course, these are all later stories.
September is the time when the four annual fashion weeks are held.
This year's Milan Fashion Week is from September 21 to September 29, and lasts for nine days.
The summer season is still over, and the autumn season has also started smoothly. As Fashion Week, Simon and Janet flew to Europe together. On the one hand, it was vacationing, and on the other hand, there were also many things that needed to be handled by Simon.
Gucci's catwalk is scheduled on September 23.
The couple flew to Helsinki, Finland for the first stop.
The trend of GSM digital communication has been fully launched, and countries around the world have begun to deploy second-generation digital communication technology. Nokia has not only taken the lead in the development of GSM technology, but also is the first company among major European manufacturers to launch GSM-format digital mobile phones. Taking advantage of this industry trend, Nokia has developed very rapidly this year.
In order to win over Eastern and Northern European countries, Britain, France, Germany and Italy have also opened up markets to these countries, which also laid the foundation for Nokia's rapid expansion in Europe.
Chapter completed!