Rebirth: Super Banking System

Chapter 2498: Chapter 2336: The Rising Strength of the Asia Dollar

As the words fell.

"You!"

"Thud."

One of them fainted from the spokesperson’s attitude. People around were instantly in a flurry, calling for medical assistance. After a chaotic scene.

You look at me.

I look at you.

What to do?

Heaven knows what to do. As before, even if you want to clear things up, they need to believe you. Being pulled down twice as the spokesperson is unheard of.

The first time!

No one had any handling experience.

However.

Filling the pit is a must.

"Switch the person."

"Clarify properly that the previous statement doesn’t fully represent the European Union’s stance." Whether the outsiders believe it or not, finish the press conference first.

Afterwards.

Brainstorm for solutions.

...

Thus.

This EU press conference ended amid sighs. The media chose to overlook the words of the person who came on stage last.

Not fully?

Ha!

So part of it is true then?

Nonsense!

Keep spouting it.

Not believing a single punctuation mark. With the material ready, they’re raring to go. It would be a waste not to stir things up a bit.

Just like that.

Soon.

One impactful article after another was produced.

...

Outside.

Already ignited by the news.

"The current European Union deviates from its original intent."

"It’s floating."

"As Reuters said, the EU is likely becoming an obstacle to Europe’s development, strongly demanding EU reorganization and reduction of certain rights."

"Agree!"

"The approach towards Greece is truly disheartening."

"..."

Resentment towards the EU everywhere.

Parents?

Children?

Who the hell made you this parent? It’s only been a few years, and you really think you’re in charge. The people won’t have it. This kind of matter laid bare.

If not opposing you, then who?

Among them.

The UK was the loudest.

After all.

They’ve already told you to ’get lost’, continuing to stay would be embarrassing. Where’s the dignity of the never-setting sun? Must let the EU know.

Without you.

Our days can still be good.

Instantly.

The voice for Brexit surged like never before. Even inciting Greece to leave the EU as well. The Greek public got interested immediately.

Rational?

No.

What we need now is passion.

Damn!

Can only withdraw fifty euros a day, how’s one supposed to live? If life becomes unlivable, we don’t care who you are, curse first, let it be whoever.

...

Greece.

Capital.

Locke looked at it all, feeling a tremor inside. As one of the involved, he’s not truly foolish. Behind all this, there’s a force pushing.

It’s likely the force backing him.

Thinking of this.

The fear deepened. Just unsure why it’s being done this way. Too many possibilities. Any shift in the situation.

Will involve huge interests.

Left thinking.

Right pondering.

Locke couldn’t determine the reason either.

Forget it.

Whatever!

As long as Greece moves in the direction he wants, that’s enough. The rest won’t make a difference even if understood. He’s merely a pawn, not the player.

Regarding the current situation, Locke quite liked it.

Chaos.

The more chaos, the better.

In this way.

It’s not just Greece playing against the EU, the UK is now involved, many EU countries were also angered by this press conference.

Everything.

Moves positively.

He only needs to proceed step by step.

First.

Exit the Euro system.

Second.

Rebuild Greek currency.

As for the debt?

Put it aside for the moment, the EU is too preoccupied, Greece’s sanctions will surely loosen. This way, Greece can hold on for a long time.

...

A press conference was like lighting a powder keg.

Boom!

The entire Europe.

Became lively. The EU was busy cleaning up, Greece busy leaving the group, the UK busy with Brexit, other countries busy fanning the flames causing trouble.

In short.

A chaotic mess.

Meanwhile.

It also dealt a massive blow to European finance. Because this is entirely unfavorable news for the Euro. The Euro exchange rate slightly dropped that day.

At the same time.

The British Pound wasn’t idle either.

Dropped together.

From a capital perspective. UK Brexit for the British Pound wasn’t really good news. A dramatic fall is unlikely, after all, the UK has a solid foundation.

But.

Maintaining the current level is quite difficult.

Of course.

If it drops further.

The general public wouldn’t really care. Exchange rates, if one doesn’t go abroad, or to another currency zone, are pretty distant to them.

The ones who feel the immediate pain.

Are the major capitals and large enterprises.

Especially.

The former cares the most, because one percentage point is quite a bit of money. If it drops three to five percentage points, then it’s painful enough to shed tears.

Many capitals started seeking refuge.

...

United States.

Seeing the EU digging a pit, playing in the mud, many people were baffled. Then amused, EU crisis, for the US, it’s a good thing!

At least.

Capital flight returning is a massive boon to the US economy. The influx of large capital can add bricks and mortar to the US economic recovery.

As for the EU?

Who cares.

Anyway, that place is a mess. No way it’s going to lead to war, at most some hullabaloo, headbutts and whatnot, nobody’s dying.

Just sit and watch the show.

Incidentally.

Make a little money, add some fuel. Such a scene isn’t easy to come by. Simply watching doesn’t do this opportunity justice.

...

Immediately.

The world’s three major rating agencies.

- Standard & Poor’s.

- Moody’s.

- Fitch.

Successively issued documents, downgrading the sovereign debt ratings of many European countries. For instance, S&P downgraded the UK, France, Germany’s AAA rating to AA+.

Although.

It’s only one level down.

However.

The signal sent, could stir the international financial market. Moody’s and S&P were similar, both downgraded by one notch. Fitch had to follow suit.

However.

Since they are European rating agencies, with headquarters in both London and New York, compared to the former two, they haven’t yet downgraded the UK’s sovereign debt rating.

Seeing this.

Many European countries were outraged.

What?

Because one of your headquarters is in the UK, so you’re biased like this? But they have no choice, the UK is an island, and the European main continent, doesn’t have such an institution.

Though similar ones exist, their authority is laughable.

Suddenly.

Verbal spats erupted again, a lively scene.

...

Amid such commotion, the exchange rates of the Euro and British Pound, dropped slightly day by day, many capitals moved. Most went to the US, a few went elsewhere.

As a result.

The US stock market soared, the financial market was boiling. Each time another country’s financial crisis occurs, it’s good news for the US, becoming a sanctuary.

Under the premise of massive quantitative easing, the US dollar exchange rate actually halted its decline.

Dollar position solidified.

Simultaneously.

Another currency began to seize the payment market freed up by the decline in the British Pound and Euro. That’s the Asia Dollar. Many willing to hold it.

Both the British Pound and Euro are dropping.

Moreover.

It looks like they won’t recover anytime soon, while the Asia Dollar? Still rising this year, under these conditions. Could earn eight points, even over ten points.

Naturally popular.

Benefiting from this, the Asia Dollar, gradually gains strength.