When the veil of wealth was finally unveiled, the world was surprised to find that the wrinkles of debt had already covered the woman's face.

At that time, the financial crisis was raging, and governments in various countries adopted stimulus plans to save the economy, but the side effects of stimulus policies were also very obvious - the increasing anti-recession expenditure, social security expenditure and sharply reduced revenue in the context of sluggish forces everyone to eat food.

Finally, the grass snake fell down the line and the ash stretched for thousands of miles. As the subprime mortgage crisis spread and deepened, a financial tsunami that began on Wall Street finally accelerated the formation of another storm across the Atlantic Ocean like a catalyst, and the European debt crisis.

A Greek exchange that was originally thought to be calm unexpectedly opened the tip of the iceberg of the European debt crisis.

Greece's fiscal deficit and public debt in 2009 are expected to reach 12.7% and 113% respectively, far exceeding the upper limit of 3% and 60% stipulated in the EU Convention on Stability and Growth, which has caused strong market concerns...

Three days have passed since the last time I was planning to short the euro with Angela and Smith Jama in the office and took advantage of the east wind of the European debt crisis to prepare for a big profit.

During these three days, except for the feeling of life with Emily, who would not love no man, Arthur spent the rest of his time in the office of the investment company, meeting to formulate more detailed plans, listening to various news that have been summarized, and waiting for the three major rating agencies to take the lead in the fall of Greece.

From the data that have been continuously concentrated, Arthur has a better understanding of the situation of the European debt crisis. Currently, the average fiscal deficit in the euro zone accounts for 6.3% of GDP, but among them, Portugal, Italy and Ireland are more serious than Greece.

The financial discipline of many member countries is very loose. As member countries expand, the economic development level in the euro zone has begun to differentiate, among which the differences between north and south member countries are the most obvious.

Against the backdrop of the continued appreciation of the euro and the transfer of global manufacturing to emerging markets, the export competitiveness of Southern European member countries represented by Greece, Spain, etc. has been continuously weakened. On the other hand, since joining the euro zone, most of Southern European member countries have been under domestic pressure and have been under slow economic development, causing an increase in labor costs, further weakening their competitiveness, and gradually marginalized throughout the euro zone.

The laziness of people in some countries has reached an outrageous level! They bask in the sun all day, complain for only a few hours of work, and they always take vacations and travel. High welfare has raised a large number of lazy people. As for hard work and hard work, what is that?

For example, in Belgium, the child only needs to be born to the mother, and the rest of the matter is ZF. You can apply for birth payment from the government at the sixth month of pregnancy. The first child can apply for more than 1,000 euros. If you are twins, you can apply for two copies...

According to relevant policies, each child can get a monthly milk fund from ZF when he is young. From birth to 18 years old, ZF will also pay a certain monthly support. If he is still studying or not working after the age of 18, he can only submit relevant supporting documents every year and receive a support from ZF until he is 25 years old. The problem is that primary and secondary schools in Belgium are completely free. Not only that, each student can also get a monthly support from the government by applying for a scholarship.

This is also why we can see from the news that people in Europe do not work and live a wealthy life by just having children!

Can you imagine that in Belgium, many people not only don’t feel frustrated after losing their jobs, but also have a hint of secret joy?

Because for the unemployed, Belgium generally provides unemployment benefits of 500 to 600 euros per month, and unemployed people with bachelor's degree or above will receive higher unemployment benefits. Retiring at the age of 65 can receive 800 euros per month. If you pay retirement insurance while working, well, you will make a lot of money and a considerable amount of pension will be given to you...

It can be said that in welfare countries like Belgium, their high welfare system covers a person's birth, old age, sickness and death. People basically have no worries, so they are mostly "moonlight tribes" and spend almost no money every month's income.

To be honest, no one would be a hardworking foodie under such high benefits. At this point, Arthur could fully understand that to be honest, no one would be willing to work with food and clothing and money.

Therefore, if these countries do not go bankrupt, that is a joke!

After all, high welfare is based on high income. Without high income, high welfare will become a castle in the air. However, high income directly leads to the rich and capital.

Insufficient capital has led to weak economic growth and serious unemployment of workers, which has led to more social welfare demands. As a result, the income has to be increased to support welfare expenditures. High income has further scared capital flight. Repeatedly, the economies of these countries have fallen into a vicious cycle of difficulty in self-birth.

"...So, the most negative result of high welfare brings to Europe is that it deprives people of fighting spirit and makes people depressed on the spiritual level."

Arthur put down the information in his hand, raised his lips, and said with a sneer, he would not feel even more guilty about the plan to short the euro and take advantage of the situation.

At this time, there was a silence in the conference room, and everyone was speechless about their young boss's complaints. After all, the UK is also a country with high welfare and has raised a large group of lazy people.

"How are the funds prepared?"

Arthur did not say anything more to the response from his subordinates, and no longer continued to get involved in this topic. Instead, he looked at Smith Jama on the left and asked.

"After selling all London gold for purchases of ounces of 1,200 US dollars, we obtained more than 186 million US dollars in funds, plus the 10 million pounds of investment companies, which can get exactly 200 million US dollars in funds."

Although I had known that London King made him a big profit this time, now when I heard the specific numbers, Arthur still couldn't stop being happy, and the smile on his face became very bright, "Is it almost the same for 200 million US dollars?"

"Enough, boss, how much lever do you want to use this time?" Smith Jama asked his most concerned question.

Because high leverage is an advantage of foreign exchange investment. Because leverage is relatively high, investors can control more funds with less money. At the same time, because of high leverage, investors need to bear more trading risks. High leverage is a double-edged sword, which can not only increase profits but also increase risks.

Especially when investors are not so rich in funds, if stop loss is not set, excessive leverage will cause investors to instantly explode during market fluctuations.

"..." Arthur was a little confused. He knew that the three major rating agencies would definitely downgrade Greece's credit ratings. When the European debt crisis would definitely begin to break out and then spread, and the euro would inevitably be dragged down and depreciated. However, he had to consider the risk of high leverage.

20 times? 40 times or 100 times?

How to choose is indeed a problem, but Arthur's eyes flashed sharply when he was about to make a decision, Angela, who was sitting on his right, spoke first.

"How much leverage is used, I think it is necessary to make such an early decision now. Before shorting the euro, we still need to judge the exchange rate trend of the euro against the US dollar through technical indicator analysis and fundamental analysis. Speak with big data!"

Arthur frowned slightly and nodded in agreement with Angela's statement. It was not that he did not believe in himself, but that he involved 200 million US dollars in funds. He could not only rely on the little memory of his previous life to bet. After all, he really couldn't remember when the three major rating agencies made the downgrade.

As for foreign exchange speculation, although Arthur has left the stage of a financial novices, he does not know much about foreign exchange speculation.

"In fact, the foreign exchange market is not different from the futures market. Assuming that if we predict that the exchange rate may rise, we should convert the US dollar to euro. If the exchange rate is 1.0100 at this time, we do a long transaction of 1 lot, that is, US$1,010. When the price rises to 1.0101, we sell the euro against the US dollar and close the position, then we earn 1 point, that is, US$10.

If the exchange rate falls, we can borrow the euro from the trader by margin. If we find that the exchange rate is 1.0100 at this time, we also do a 1 lot of selling transactions. We use margin to borrow the euro from the trader. When the exchange rate drops to a certain level, we buy the euro and return it to the trader, and we make a profit of 1 point and earn US$10."
Chapter completed!