Chapter 276: 276
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Some people have ranked the major events that occurred in the global financial sector in the 1980s. Among them, the Plaza Agreement signed by the foreign ministers of the United States, Japan, Federal Germany, France and Britain at the Plaza Hotel in New York on September 22, 1985 is recognized as having the greatest impact on the global financial economy in the 1980s.
From the perspective of that time, the signing of the Plaza Accord at that time really avoided the situation of overheating of the US economy and excessive strength of the US dollar, and restored the world's temporary economy to a reasonable state. However, if we analyze this agreement from the perspective of future generations, it actually has various disadvantages.
At that time, because of the Reagan Administration's economic stimulus policy, a large amount of international hot money poured into the United States, which made the US dollar continue to strengthen, made the US trade deficit continue to expand, and the fiscal deficit also increased day by day, which finally made Japan the largest creditor in the world.
In the 1980s, I was probably the craziest person in the world. The fast-growing economy and the low yen made me have a lot of wealth. They waved checks, bought the Rockefeller Center, the Empire State Building and the real estate value of Colombia, a small Tokyo, It's worth more than the whole American real estate.
In this case, how can those vested interests in the United States sit still?
The small land of Japan is just a dog raised by our great United States on the West Bank of the Pacific Ocean. Now that the dog has had enough to eat and drink, how dare he bite my master in turn?
No, this situation is absolutely intolerable!
As a result, many large manufacturing business owners and members of Congress in the United States began to sit still. They lobbied the U.S. government one after another and strongly demanded that the Reagan administration intervene in the foreign exchange market and devalue the dollar to save the increasingly depressed U.S. manufacturing industry. Many economists have also joined the ranks of lobbying the government to change the position of a strong dollar.
As the Godson of the United States, when I saw that godfather was going to be angry, they naturally did not dare to stand up to Godfather. Therefore, I counselled. Their then finance minister Takeshita even publicly declared on behalf of the Japanese government that they were willing to cooperate with the depreciation of the US dollar and the appreciation of the Japanese yen.
Since all sons are willing to cooperate, as a godfather, I have to give face. Therefore, under such circumstances, the Plaza Agreement was finally released.
It is estimated that the finance ministers of the G5 countries who participated in the formulation of the Plaza Agreement at that time did not expect that this agreement, which seemed good to all countries at that time, was actually a real economic bomb.
Because of the signing of the Plaza Accord, the US dollar plummeted by 20% and the Japanese yen appreciated by 20% in just 90 days. If people can restrain their greed a little at this time, the Plaza Agreement has indeed played a positive role. In fact, the proportion of yen appreciation discussed by various countries in the Plaza Agreement is about 20%
However, the terrible thing is that human greed is always endless.
The sharp decline of the US dollar and the appreciation of the yen made some vested interests see the great benefits. Therefore, with the joint promotion of many vested interests, the yen continued to appreciate wildly. From the exchange of 1 US dollar to 250 yen before the signing of the Plaza Agreement in September 1985, in just two years, to September 1987, The exchange ratio between the US dollar and the Japanese yen has reached the terrible exchange rate of 1 US dollar to 120 yen. The appreciation rate of the Japanese yen in two years is as high as 111%!
This is a little bullshit. You two are not an unknown small country in Africa, but the two major currencies in the world at that time! One is the only settlement currency in the world, the US dollar, and the other is the Japanese yen, whose economic aggregate was close to the United States at that time. How can the world stand this game?
As a result, Japan's economy has completely fallen into a decade of economic stagnation. Later generations even call this decade "Japan's lost decade".
It's hard for Japan. It's hard for you to be the godfather of the United States? Do you feel good when other countries follow the United States to stir up trouble? They played too hard. As a result, when they said that they were in pain and other developed countries were laughing behind their backs, the global stock market disaster on October 19, 1987 immediately hit these countries in the head!
In the final analysis, the root cause of all this lies in the endless greed of those vested interests.
It is no exaggeration to say that the Plaza Agreement signed in September 1985 and the Louvre agreement signed in February 1987 are tools for a group of vested interests to share the fat meat of Japan. However, they played too much, resulting in the global stock market disaster, and the global economy suffered a heavy blow.
Well, these are a little far away. No matter what consequences the Plaza Agreement will eventually cause, it is nothing for Yang Jing!
Just toss around. Let's just follow behind and secretly drink two mouthfuls of delicious soup.
Seeing that Yang Jing did not speak for a long time, Cesar coughed and asked, "boss, how should we operate? Do we directly hold yen or operate through foreign exchange futures?"
Cesar's words awakened Yang Jing from his meditation. He looked around at the people who were looking at him, smiled, and then said calmly: "since we want to invest, we can't operate by holding money. That's too little profit. We use foreign exchange futures to operate this investment."
Hearing what the mysterious boss said, Cesar and his players waved their fists excitedly. Obviously, this more radical and courageous operation is their favorite.
Foreign exchange futures have a history of 13 years since 1972, and the development of foreign exchange futures is relatively standardized. Therefore, in this era, it is still possible to use this method for foreign exchange speculation.
However, compared with the speculation method of directly holding currency, the risk of foreign exchange futures is undoubtedly greater. Although foreign exchange futures can use the margin leveraged trading policy to obtain huge profits, similarly, once they are not well grasped, this operation method will also make investors have nothing or even huge debts overnight.
It is much safer to hold currency directly. Although it is also faced with the possibility of loss, it is not as powerful as foreign exchange futures.
In short, these two methods have their own advantages and disadvantages, depending on how the operator chooses.
It's like in this speculation about the depreciation of the US dollar and the appreciation of the yen, not only Yang Jing is staring at this piece, but also many financial giants are rubbing their hands.
For example, George Soros, who has just emerged in the international financial market.
Yang Jing, who is familiar with this investment action, knows very well that in about 20 years, that is, in mid August, Soros's Quantum Fund will obtain funds through mortgage margin credit. After obtaining funds, it will hold a large number of depreciating yen and West German mark. By September 5, 1985, the quantum fund had held a total of these two currencies worth nearly 800 million US dollars. Among them, the holding value of mark is US $491 million and the holding value of yen is US $308 million.
At that time, Soros was not as radical as when he blocked the pound and launched the Southeast Asian financial crisis. He took a more stable way to hold currency in this investment action.
However, Yang Jing is not Soros. Yang Jing, who is clear about this investment action, is equivalent to having a golden finger. If he is not worried about the possibility of causing space-time paradox, he will play more aggressively.
But even so, Yang Jing, who has decided to use foreign exchange futures for this operation, is far more radical than George Soros's Quantum Fund.
Before preparing for this investment, Yang Jing specifically asked the holy ring, and the holy ring gave a very positive answer, "Thanks to your last London gold investment action, the loss and income range of your investment action will increase exponentially, that is, you can invest no matter how much money, but the loss and profit should be controlled within $10 billion. If you exceed this range, there is the possibility of triggering a time-space paradox!"
Yang Jing still has about $3.6 billion in his hands. He decided to invest $3.5 billion. Although the maximum profit is only $10 billion, the yield of nearly 300% is relatively good.
"Today is July 28, Cesar. I ask you to complete all preparations within five months. I ask you to trade in the international money market and Philadelphia futures on the London International Financial Futures Exchange, the Singapore International Monetary Exchange, the Tokyo International Financial Futures Exchange, the French international futures exchange and the Chicago Mercantile Exchange within one month Establish no less than 20 accounts, and then evenly distribute the funds I have prepared to these accounts in the six foreign exchange markets. Do you understand my purpose? "
Cesar laughed: "Don't worry, boss. With a month's preparation time, I promise that no one will touch our tail in this investment. There are 120 accounts, with an average of less than 30 million US dollars per account, which doesn't attract attention in the huge foreign exchange futures market. However, boss, we can be responsible for ensuring the smooth escape of the final profit funds, but But there is no guarantee that the flow of funds will be detected. In this regard, I think you'd better find Mr. Brad Jones. His method of hiding profit-making funds last time was great. If it weren't for him, we wouldn't have escaped the investigation of those investigation institutions. "
Yang Jing smiled and said, "don't worry about it. Since I've called you all together, how can I forget Mr. Brad Jones? But it's no use for him to come now. After our profit funds escape smoothly, that's when Mr. Brad Jones starts fighting. Mike, Mr. Jones will give it to you, no problem?"
"Ha ha, don't worry, Brad, like Cesar, has been looking forward to your call again."
PS: bow and thank you for the 100 reward of "chilled octave". What, brother, are your legs better?
Please report us if you find any errors so we can fix it asap!
Some people have ranked the major events that occurred in the global financial sector in the 1980s. Among them, the Plaza Agreement signed by the foreign ministers of the United States, Japan, Federal Germany, France and Britain at the Plaza Hotel in New York on September 22, 1985 is recognized as having the greatest impact on the global financial economy in the 1980s.
From the perspective of that time, the signing of the Plaza Accord at that time really avoided the situation of overheating of the US economy and excessive strength of the US dollar, and restored the world's temporary economy to a reasonable state. However, if we analyze this agreement from the perspective of future generations, it actually has various disadvantages.
At that time, because of the Reagan Administration's economic stimulus policy, a large amount of international hot money poured into the United States, which made the US dollar continue to strengthen, made the US trade deficit continue to expand, and the fiscal deficit also increased day by day, which finally made Japan the largest creditor in the world.
In the 1980s, I was probably the craziest person in the world. The fast-growing economy and the low yen made me have a lot of wealth. They waved checks, bought the Rockefeller Center, the Empire State Building and the real estate value of Colombia, a small Tokyo, It's worth more than the whole American real estate.
In this case, how can those vested interests in the United States sit still?
The small land of Japan is just a dog raised by our great United States on the West Bank of the Pacific Ocean. Now that the dog has had enough to eat and drink, how dare he bite my master in turn?
No, this situation is absolutely intolerable!
As a result, many large manufacturing business owners and members of Congress in the United States began to sit still. They lobbied the U.S. government one after another and strongly demanded that the Reagan administration intervene in the foreign exchange market and devalue the dollar to save the increasingly depressed U.S. manufacturing industry. Many economists have also joined the ranks of lobbying the government to change the position of a strong dollar.
As the Godson of the United States, when I saw that godfather was going to be angry, they naturally did not dare to stand up to Godfather. Therefore, I counselled. Their then finance minister Takeshita even publicly declared on behalf of the Japanese government that they were willing to cooperate with the depreciation of the US dollar and the appreciation of the Japanese yen.
Since all sons are willing to cooperate, as a godfather, I have to give face. Therefore, under such circumstances, the Plaza Agreement was finally released.
It is estimated that the finance ministers of the G5 countries who participated in the formulation of the Plaza Agreement at that time did not expect that this agreement, which seemed good to all countries at that time, was actually a real economic bomb.
Because of the signing of the Plaza Accord, the US dollar plummeted by 20% and the Japanese yen appreciated by 20% in just 90 days. If people can restrain their greed a little at this time, the Plaza Agreement has indeed played a positive role. In fact, the proportion of yen appreciation discussed by various countries in the Plaza Agreement is about 20%
However, the terrible thing is that human greed is always endless.
The sharp decline of the US dollar and the appreciation of the yen made some vested interests see the great benefits. Therefore, with the joint promotion of many vested interests, the yen continued to appreciate wildly. From the exchange of 1 US dollar to 250 yen before the signing of the Plaza Agreement in September 1985, in just two years, to September 1987, The exchange ratio between the US dollar and the Japanese yen has reached the terrible exchange rate of 1 US dollar to 120 yen. The appreciation rate of the Japanese yen in two years is as high as 111%!
This is a little bullshit. You two are not an unknown small country in Africa, but the two major currencies in the world at that time! One is the only settlement currency in the world, the US dollar, and the other is the Japanese yen, whose economic aggregate was close to the United States at that time. How can the world stand this game?
As a result, Japan's economy has completely fallen into a decade of economic stagnation. Later generations even call this decade "Japan's lost decade".
It's hard for Japan. It's hard for you to be the godfather of the United States? Do you feel good when other countries follow the United States to stir up trouble? They played too hard. As a result, when they said that they were in pain and other developed countries were laughing behind their backs, the global stock market disaster on October 19, 1987 immediately hit these countries in the head!
In the final analysis, the root cause of all this lies in the endless greed of those vested interests.
It is no exaggeration to say that the Plaza Agreement signed in September 1985 and the Louvre agreement signed in February 1987 are tools for a group of vested interests to share the fat meat of Japan. However, they played too much, resulting in the global stock market disaster, and the global economy suffered a heavy blow.
Well, these are a little far away. No matter what consequences the Plaza Agreement will eventually cause, it is nothing for Yang Jing!
Just toss around. Let's just follow behind and secretly drink two mouthfuls of delicious soup.
Seeing that Yang Jing did not speak for a long time, Cesar coughed and asked, "boss, how should we operate? Do we directly hold yen or operate through foreign exchange futures?"
Cesar's words awakened Yang Jing from his meditation. He looked around at the people who were looking at him, smiled, and then said calmly: "since we want to invest, we can't operate by holding money. That's too little profit. We use foreign exchange futures to operate this investment."
Hearing what the mysterious boss said, Cesar and his players waved their fists excitedly. Obviously, this more radical and courageous operation is their favorite.
Foreign exchange futures have a history of 13 years since 1972, and the development of foreign exchange futures is relatively standardized. Therefore, in this era, it is still possible to use this method for foreign exchange speculation.
However, compared with the speculation method of directly holding currency, the risk of foreign exchange futures is undoubtedly greater. Although foreign exchange futures can use the margin leveraged trading policy to obtain huge profits, similarly, once they are not well grasped, this operation method will also make investors have nothing or even huge debts overnight.
It is much safer to hold currency directly. Although it is also faced with the possibility of loss, it is not as powerful as foreign exchange futures.
In short, these two methods have their own advantages and disadvantages, depending on how the operator chooses.
It's like in this speculation about the depreciation of the US dollar and the appreciation of the yen, not only Yang Jing is staring at this piece, but also many financial giants are rubbing their hands.
For example, George Soros, who has just emerged in the international financial market.
Yang Jing, who is familiar with this investment action, knows very well that in about 20 years, that is, in mid August, Soros's Quantum Fund will obtain funds through mortgage margin credit. After obtaining funds, it will hold a large number of depreciating yen and West German mark. By September 5, 1985, the quantum fund had held a total of these two currencies worth nearly 800 million US dollars. Among them, the holding value of mark is US $491 million and the holding value of yen is US $308 million.
At that time, Soros was not as radical as when he blocked the pound and launched the Southeast Asian financial crisis. He took a more stable way to hold currency in this investment action.
However, Yang Jing is not Soros. Yang Jing, who is clear about this investment action, is equivalent to having a golden finger. If he is not worried about the possibility of causing space-time paradox, he will play more aggressively.
But even so, Yang Jing, who has decided to use foreign exchange futures for this operation, is far more radical than George Soros's Quantum Fund.
Before preparing for this investment, Yang Jing specifically asked the holy ring, and the holy ring gave a very positive answer, "Thanks to your last London gold investment action, the loss and income range of your investment action will increase exponentially, that is, you can invest no matter how much money, but the loss and profit should be controlled within $10 billion. If you exceed this range, there is the possibility of triggering a time-space paradox!"
Yang Jing still has about $3.6 billion in his hands. He decided to invest $3.5 billion. Although the maximum profit is only $10 billion, the yield of nearly 300% is relatively good.
"Today is July 28, Cesar. I ask you to complete all preparations within five months. I ask you to trade in the international money market and Philadelphia futures on the London International Financial Futures Exchange, the Singapore International Monetary Exchange, the Tokyo International Financial Futures Exchange, the French international futures exchange and the Chicago Mercantile Exchange within one month Establish no less than 20 accounts, and then evenly distribute the funds I have prepared to these accounts in the six foreign exchange markets. Do you understand my purpose? "
Cesar laughed: "Don't worry, boss. With a month's preparation time, I promise that no one will touch our tail in this investment. There are 120 accounts, with an average of less than 30 million US dollars per account, which doesn't attract attention in the huge foreign exchange futures market. However, boss, we can be responsible for ensuring the smooth escape of the final profit funds, but But there is no guarantee that the flow of funds will be detected. In this regard, I think you'd better find Mr. Brad Jones. His method of hiding profit-making funds last time was great. If it weren't for him, we wouldn't have escaped the investigation of those investigation institutions. "
Yang Jing smiled and said, "don't worry about it. Since I've called you all together, how can I forget Mr. Brad Jones? But it's no use for him to come now. After our profit funds escape smoothly, that's when Mr. Brad Jones starts fighting. Mike, Mr. Jones will give it to you, no problem?"
"Ha ha, don't worry, Brad, like Cesar, has been looking forward to your call again."
PS: bow and thank you for the 100 reward of "chilled octave". What, brother, are your legs better?
Some people have ranked the major events that occurred in the global financial sector in the 1980s. Among them, the Plaza Agreement signed by the foreign ministers of the United States, Japan, Federal Germany, France and Britain at the Plaza Hotel in New York on September 22, 1985 is recognized as having the greatest impact on the global financial economy in the 1980s.From the perspective of that time, the signing of the Plaza Accord at that time really avoided the situation of overheating of the US economy and excessive strength of the US dollar, and restored the world's temporary economy to a reasonable state. However, if we analyze this agreement from the perspective of future generations, it actually has various disadvantages.At that time, because of the Reagan Administration's economic stimulus policy, a large amount of international hot money poured into the United States, which made the US dollar continue to strengthen, made the US trade deficit continue to expand, and the fiscal deficit also increased day by day, which finally made Japan the largest creditor in the world.In the 1980s, I was probably the craziest person in the world. The fast-growing economy and the low yen made me have a lot of wealth. They waved checks, bought the Rockefeller Center, the Empire State Building and the real estate value of Colombia, a small Tokyo, It's worth more than the whole American real estate.In this case, how can those vested interests in the United States sit still?The small land of Japan is just a dog raised by our great United States on the West Bank of the Pacific Ocean. Now that the dog has had enough to eat and drink, how dare he bite my master in turn?No, this situation is absolutely intolerable!As a result, many large manufacturing business owners and members of Congress in the United States began to sit still. They lobbied the U.S. government one after another and strongly demanded that the Reagan administration intervene in the foreign exchange market and devalue the dollar to save the increasingly depressed U.S. manufacturing industry. Many economists have also joined the ranks of lobbying the government to change the position of a strong dollar.As the Godson of the United States, when I saw that godfather was going to be angry, they naturally did not dare to stand up to Godfather. Therefore, I counselled. Their then finance minister Takeshita even publicly declared on behalf of the Japanese government that they were willing to cooperate with the depreciation of the US dollar and the appreciation of the Japanese yen.Since all sons are willing to cooperate, as a godfather, I have to give face. Therefore, under such circumstances, the Plaza Agreement was finally released.It is estimated that the finance ministers of the G5 countries who participated in the formulation of the Plaza Agreement at that time did not expect that this agreement, which seemed good to all countries at that time, was actually a real economic bomb.Because of the signing of the Plaza Accord, the US dollar plummeted by 20% and the Japanese yen appreciated by 20% in just 90 days. If people can restrain their greed a little at this time, the Plaza Agreement has indeed played a positive role. In fact, the proportion of yen appreciation discussed by various countries in the Plaza Agreement is about 20%However, the terrible thing is that human greed is always endless.The sharp decline of the US dollar and the appreciation of the yen made some vested interests see the great benefits. Therefore, with the joint promotion of many vested interests, the yen continued to appreciate wildly. From the exchange of 1 US dollar to 250 yen before the signing of the Plaza Agreement in September 1985, in just two years, to September 1987, The exchange ratio between the US dollar and the Japanese yen has reached the terrible exchange rate of 1 US dollar to 120 yen. The appreciation rate of the Japanese yen in two years is as high as 111%!This is a little bullshit. You two are not an unknown small country in Africa, but the two major currencies in the world at that time! One is the only settlement currency in the world, the US dollar, and the other is the Japanese yen, whose economic aggregate was close to the United States at that time. How can the world stand this game?As a result, Japan's economy has completely fallen into a decade of economic stagnation. Later generations even call this decade "Japan's lost decade".It's hard for Japan. It's hard for you to be the godfather of the United States? Do you feel good when other countries follow the United States to stir up trouble? They played too hard. As a result, when they said that they were in pain and other developed countries were laughing behind their backs, the global stock market disaster on October 19, 1987 immediately hit these countries in the head!In the final analysis, the root cause of all this lies in the endless greed of those vested interests.It is no exaggeration to say that the Plaza Agreement signed in September 1985 and the Louvre agreement signed in February 1987 are tools for a group of vested interests to share the fat meat of Japan. However, they played too much, resulting in the global stock market disaster, and the global economy suffered a heavy blow.Well, these are a little far away. No matter what consequences the Plaza Agreement will eventually cause, it is nothing for Yang Jing!Just toss around. Let's just follow behind and secretly drink two mouthfuls of delicious soup.Seeing that Yang Jing did not speak for a long time, Cesar coughed and asked, "boss, how should we operate? Do we directly hold yen or operate through foreign exchange futures?"Cesar's words awakened Yang Jing from his meditation. He looked around at the people who were looking at him, smiled, and then said calmly: "since we want to invest, we can't operate by holding money. That's too little profit. We use foreign exchange futures to operate this investment."Hearing what the mysterious boss said, Cesar and his players waved their fists excitedly. Obviously, this more radical and courageous operation is their favorite.Foreign exchange futures have a history of 13 years since 1972, and the development of foreign exchange futures is relatively standardized. Therefore, in this era, it is still possible to use this method for foreign exchange speculation.However, compared with the speculation method of directly holding currency, the risk of foreign exchange futures is undoubtedly greater. Although foreign exchange futures can use the margin leveraged trading policy to obtain huge profits, similarly, once they are not well grasped, this operation method will also make investors have nothing or even huge debts overnight.It is much safer to hold currency directly. Although it is also faced with the possibility of loss, it is not as powerful as foreign exchange futures.In short, these two methods have their own advantages and disadvantages, depending on how the operator chooses.It's like in this speculation about the depreciation of the US dollar and the appreciation of the yen, not only Yang Jing is staring at this piece, but also many financial giants are rubbing their hands.For example, George Soros, who has just emerged in the international financial market.Yang Jing, who is familiar with this investment action, knows very well that in about 20 years, that is, in mid August, Soros's Quantum Fund will obtain funds through mortgage margin credit. After obtaining funds, it will hold a large number of depreciating yen and West German mark. By September 5, 1985, the quantum fund had held a total of these two currencies worth nearly 800 million US dollars. Among them, the holding value of mark is US $491 million and the holding value of yen is US $308 million.At that time, Soros was not as radical as when he blocked the pound and launched the Southeast Asian financial crisis. He took a more stable way to hold currency in this investment action.However, Yang Jing is not Soros. Yang Jing, who is clear about this investment action, is equivalent to having a golden finger. If he is not worried about the possibility of causing space-time paradox, he will play more aggressively.But even so, Yang Jing, who has decided to use foreign exchange futures for this operation, is far more radical than George Soros's Quantum Fund.Before preparing for this investment, Yang Jing specifically asked the holy ring, and the holy ring gave a very positive answer, "Thanks to your last London gold investment action, the loss and income range of your investment action will increase exponentially, that is, you can invest no matter how much money, but the loss and profit should be controlled within $10 billion. If you exceed this range, there is the possibility of triggering a time-space paradox!"Yang Jing still has about $3.6 billion in his hands. He decided to invest $3.5 billion. Although the maximum profit is only $10 billion, the yield of nearly 300% is relatively good."Today is July 28, Cesar. I ask you to complete all preparations within five months. I ask you to trade in the international money market and Philadelphia futures on the London International Financial Futures Exchange, the Singapore International Monetary Exchange, the Tokyo International Financial Futures Exchange, the French international futures exchange and the Chicago Mercantile Exchange within one month Establish no less than 20 accounts, and then evenly distribute the funds I have prepared to these accounts in the six foreign exchange markets. Do you understand my purpose? "Cesar laughed: "Don't worry, boss. With a month's preparation time, I promise that no one will touch our tail in this investment. There are 120 accounts, with an average of less than 30 million US dollars per account, which doesn't attract attention in the huge foreign exchange futures market. However, boss, we can be responsible for ensuring the smooth escape of the final profit funds, but But there is no guarantee that the flow of funds will be detected. In this regard, I think you'd better find Mr. Brad Jones. His method of hiding profit-making funds last time was great. If it weren't for him, we wouldn't have escaped the investigation of those investigation institutions. "Yang Jing smiled and said, "don't worry about it. Since I've called you all together, how can I forget Mr. Brad Jones? But it's no use for him to come now. After our profit funds escape smoothly, that's when Mr. Brad Jones starts fighting. Mike, Mr. Jones will give it to you, no problem?""Ha ha, don't worry, Brad, like Cesar, has been looking forward to your call again."PS: bow and thank you for the 100 reward of "chilled octave". What, brother, are your legs better?
