Intelligent Industrial Empire

Chapter 1478 U.S. Government Bankruptcy

If you don't pursue them, you can better grasp their investment risks.Yun Fei told Su Yuxian very clearly that he knew it when they first raised funds, and he knew it the last time they fought in oil futures.

This made Su Yuxian understand that Yun Fei really let him go, and took the initiative to give Yun Fei the profits he had once acquired, but Yun Fei only took half of it, and left the rest to him. For him, how much Ten million dollars, I really look down on it.It's just unbearable betrayal...

Under the current situation, he can't do anything. If there is no Su Yuxian for Xiangjiang's investment, no one can take over in a short time.

The manager of the investment company uses the company's news to profit for himself and his friends. This is nothing unusual. If he uses the company's money and the company's resources, Yunfei will definitely not bypass him easily.The news of someone in the cloud is not so easy to get.

"I heard that you spared Su Yuxian?" That night, after finishing tossing with Li Lu, the lazy Li Lu asked Yun Fei casually.

After giving birth, her whole personality seemed to be better.

Especially the mature taste, with a little more maternal luster, made Yun Fei unable to stop.

"Is it possible to throw him into the sea to feed the fish? You have to be forgiving and forgiving. He just operated it himself and didn't disclose the company's news. It is not bad. The water is clear and there will be no fish..." Yun Fei said lightly while rubbing Li Lu's smooth and firm skin with his hand.

He is now wondering whether the US economy will collapse the entire US economy following this wave of financial crisis caused by the subprime mortgage crisis.What Americans do best is to get the international community to pay for their economy.

Japan has been paying for them all these years because of the atomic bomb incident, and the entire country's economic results have been looted by the United States, leaving a large amount of useless US government bonds in its hands.The impact of the last financial crisis in the United States on the world has not disappeared, and the level of economic growth throughout Europe is terribly poor.

China still maintains a double-digit economic growth rate due to the promotion of real estate.

The United States has always wanted the Chinese government to pay for them, but the Chinese government has reduced its purchase of US government bonds because of the existence of Yunfei and the influence of these years.This makes Yun Fei very pleased.

But in his time, the US subprime mortgage crisis was still passed on to China.

The RMB has appreciated by 25% in just a few years!In other words, the wealth of the Chinese people was virtually reduced by a quarter in those years.

The development of the United States is basically based on this.

I heard that the country can no longer withstand the pressure of the United States and the world, and it is very likely that it will conduct RMB appreciation.So Yunfei is now desperately hoarding dollars.Except for domestic funds, all of his funds abroad are converted into U.S. dollars, and he does not get them back into RMB.

The boss above has also looked to Yun Fei many times for this matter.Especially Dai Xiaolong, President of the National Bank, has not found Yunfei once or twice.

Yun Fei told him clearly that he would not exchange the money in his hand for RMB now.For the products he exports, most of the money is in the National Bank, and all kinds of costs are directly settled in US dollars instead of RMB.

There is no settlement in the bank with tens of billions of dollars of foreign exchange in his hand.

It is not in his interest to convert it into RMB now.Ten billion, for more than 80 billion.When the renminbi starts to appreciate, when the highest price is reached, 10 billion can only return more than 60 billion US dollars.And he is ready to exchange it when the country is about to negotiate with the United States, so as to maximize profits.

When the final appreciation is complete, he will exchange it into U.S. dollars.

In this way, 10 billion U.S. dollars was converted into more than 80 billion renminbi in the early period, and then when the U.S. dollar depreciated, it was converted into U.S. dollars.In this way, more than 80 billion RMB will become more than 14 billion US dollars!Invisibly, it made 40% of the profit.

Swiss Bank, he also requested that all his working capital be turned into RMB.

The domestic holding the US dollar, while the foreign is turning into the RMB, which made the executives very dissatisfied with Yun Fei's actions.If the renminbi appreciates, Yunfei's assets will not only be retained, but will also grow a lot.

Of course, if the value is depreciated, Yun Fei can only endure the loss silently.

He is very open to this, devaluation, for the country, this is a good thing.His personal loss is not very big.

Compared to the country.

He is considered a more conscientious entrepreneur.

Otherwise, his loss in China as a whole will be greater than anyone else.Once the renminbi appreciates, in order to maintain the same renminbi price bottom line, the price of my country’s export products expressed in foreign currencies will increase, which will weaken its price competitiveness; and if the foreign currency prices of export products remain unchanged, it will inevitably squeeze export enterprises. Profit margins.As a result, domestic production costs are still settled in RMB, while foreign sales prices are still US dollars. Yunfei’s costs are rising, but actual sales profits are falling.

He is unwilling to bear such a result.

The country’s current foreign exchange reserves have been reduced a lot due to the existence of the cloud and Africa, and the structure is more reasonable. The European currency has been increased while the US dollar reserves have been reduced. At the same time, the settlement with African countries, or even direct payment in US dollars, allows African countries to use gold. proceed to checkout.

Of course, this is the result of Yunfei's mediation.

"What are you thinking about?" Li Lu couldn't help but ask Yun Fei in a daze.During this time, Yun Fei's behavior is indeed a bit abnormal.

"The project in the US has already started. Domestic house prices will rise more fiercely..." Yun Fei said with a deep breath.

"If the United States suffers from a financial crisis, our side must be affected, how could it rise more fiercely?" Li Lu couldn't help being speechless.

If it turns out that Yun Fei does not understand the economy, he can still understand what he said.

But now, he doesn't believe that Yun Fei will be like this.

"Once the US economic crisis becomes more serious again, the pressure on the appreciation of the renminbi will be even greater. Americans will definitely devalue their currencies, thereby releasing their pressure. In the 1990s, the economic growth of Japan and Taiwan and other regions were all taken over by the United States. People took it away..." Yun Fei sighed.

It's not that he wants to fall into trouble here, he can't silently endure his loss because the country can't bear the pressure.

"How likely will it be?" Li Lu knew that Yun Fei would not aimlessly.

Yun Shen Gun's hunch was too accurate.If it weren't for this, Li Lu would get Yunfei's bed?

"About six yuan..." Yun Fei spit out the number gently.

Li Lu was suddenly shocked.

She didn't question Yun Fei, it's no wonder that Yun Fei held so many dollars in his hand and didn't settle with the bank.

If all the settlements are settled, and in the future, if it is true as Yunfei said, reaching such a level of 25% within a few years, their domestic costs will rise so much, and their foreign profits will drop so much. Add up before and after, the profits will be. Shrinked a lot, even far more than this 25%!

"Does the boss above know?"

"It depends on whether they can handle the pressure. The country now only has more than 600 billion U.S. dollars in reserves, and the loss will not be too serious. But the bankruptcy of enterprises along the coast will be unavoidable." Yun Fei does not intend. Let's talk about this again.

Once RMB appreciation starts, domestic prices will double in a short time.Pork is the most obvious example. With the appreciation of the RMB, the purchasing power should be stronger.However, during the period of RMB appreciation, the pork, which was originally only five or six yuan per catty, quickly rose to ten or twelve yuan!What to say is good for the country, this is nonsense!

Yun Fei is not an economist, but he can measure the purchasing power of money.

Maintaining the original exchange rate, he can buy 2 billion catties of pork for 10 billion, and he can't even buy one billion catties after the appreciation!This is what he has experienced, so if any economist settles accounts for him, he will not listen, and he is unwilling to listen again...

Before August 2007, the subprime mortgage crisis in the United States broke out.

All this is due to the large-scale sale of US real estate in the hands of Swiss Bank and HeungKong Investment Group.

At the end of 2005, the Swiss bank had already sold two-thirds, and Su Yuxian of the Xiangjiang Investment Company also started to move.The scope is very small. By the time the subprime mortgage crisis was already noticed in the spring of 2006, they had only a small part left in their hands.

On February 13, 2006, New Century Financial Corporation issued a profit warning for the fourth quarter of 2006.

HSBC Holdings announced the results and added an additional US$12 billion in US subprime housing credit reserves, a total of US$15.573 billion, an increase of 43.6%; the news came out and the stock market fell sharply on that day, of which the Hang Seng Index fell by 888 points, a decrease 5.2%.This is much higher than the original data, and the time is one year earlier.

Of course, Yun Fei had no idea how much he had originally.

On April 2, New Century Financial, the second largest subprime mortgage company in the United States, announced that it filed for bankruptcy protection and cut 54% of its employees.

On August 2, 2006, the German Industrial Bank announced a profit warning. It was later estimated that there was a loss of 8.2 billion euros, because one of its subsidiaries was a "Rhineland Fund" with a scale of 12.7 billion euros and the bank itself participated in a small amount of US real estate projects. The mortgage market business suffered huge losses...

Then, many investment institutions in the United States began to intensively go bankrupt...

The financial crisis caused by the US subprime mortgage market once again swept the world.

The economy of the whole world is even worse!

The Chinese government announced the launch of a four trillion economic stimulus plan in order to expand domestic demand in the case of large-scale closures of foreign trade-oriented processing enterprises along the coast. However, a large part of the four trillion economic stimulus is invested in domestic high-tech enterprises.

There is no shortage of infrastructure.

The economic stimulus plan that was originally aimed at the real estate market is now divided into many parts. This economic stimulus plan is more reasonable, especially for the adjustment of domestic industrial structure, which has a better effect.

The state announced that it will increase the construction of expressways, and at the same time it has begun to launch a provincial high-speed railway construction strategy.

At the end of December 2006, the U.S. federal government announced a two-year bankruptcy plan for operating part...

"See it now? If our country increases the purchase of their bonds, if their operating part continues to go bankrupt, when will our bonds be recovered?" Yun Fei faced Dai Xiaolong who rushed over when he heard the news. The guy is said to be the finance minister of the next government.

"How do you know that the U.S. government will go bankrupt? Don't tell me this is a feeling. You have made tens of billions of dollars in the U.S. in the past few years?" Dai Xiaolong looked depressed.

The collision between the country and the United States is getting bigger and bigger. Before that, Yunfei had settled all the US dollars in his hands into RMB, which was more than 30 billion US dollars!The RMB exchanged for more than 200 billion yuan!

And not long after the exchange, the US government began to go bankrupt.

At this moment, if the country wants to recover the US bonds, it can only continue to buy US government bonds, and at the same time, appreciate the renminbi...

Yun Fei didn't know the above policies at all. After all, even Dai Xiaolong didn't know these at the beginning.

He himself made this plan later, and Yun Fei seemed to be able to guess what he was going to do next.

"If it doesn't go bankrupt, will our country increase its efforts to purchase foreign exchange? Just like those companies that depended on government loans in the 1990s. Banks don't lend? Sorry, the company can't continue to operate, it can only go bankrupt. Let's It's a limited liability company. Come on, the company will give it to you. Let's auction it. You will sell as much as you want. If you have more, you will return it to me. If there are less, I'm sorry, and there is no repayment ability..." Yun Fei's words were very rough.

But Dai Xiaolong was speechless.

What he said is true.

Many companies operated like this in the 1990s.

The company itself does not have much operating ability or profitability. For the sake of business, various banks have very loose loan approvals, especially in the years when real estate speculation in Nanhai, so did land speculation. Countless companies have invested money there, and they are all With the funds obtained from bank loans, the bubble eventually burst, and many people could not pay their debts and ran away.

And the loss of the country still exists.

"The U.S. government is the largest rogue company in the world. The Japanese government now holds more than two trillion US dollars in foreign exchange. Is it useful now? Do they still dare to buy again? But they still have to continue to buy, otherwise, Their foreign exchange of more than two trillion US dollars is a pile of shit... Their domestic economy is not good, but the government still has to continue to buy. The same is true in European countries. If you follow your plan at the beginning, if China holds tens of thousands of dollars now Hundreds of millions of dollars..." Yun Fei said, looking at Dai Xiaolong with a playful look.

A cold sweat broke out on the thick forehead.

From the beginning, Yunfei was preventing the country from buying too many US government bonds, especially since the US budget deficit has been expanding due to the war...