Chapter 254: An Opportunity to Make Money Lying Down
When the time entered 80 years, the fiscal deficit of the United States, the world's largest economy, increased sharply, and the foreign trade deficit increased sharply.
From 1979 to 1980, the world's second oil crisis broke out. The second oil crisis led to a sharp rise in energy prices in the United States, and the consumer price index in the United States rose sharply, and the United States experienced severe inflation, with inflation exceeding double digits. For example, if money was deposited in the bank at the beginning of 1980, the real rate of return by the end of the year was negative 12.4 per cent.
From the end of 1979 to the end of 1984, the US dollar exchange rate rose by nearly 60 percent, and the competitiveness of US exports declined, which expanded to the crisis of foreign trade deficits.
Last year, '84, the US foreign trade deficit reached a staggering $160 billion, accounting for 3.6 percent of US GDP last year, followed by the emergence of the government budget deficit.
In the shadow of the twin deficits, the United States hopes to increase the export competitiveness of its products through the depreciation of the dollar in order to improve the imbalance of the United States' balance of payments.
At the same time, the company has risen from the economic ruins after World War II, from imitating Western product designs after the war, to rapidly reducing production costs, and finally occupying the European and American markets, whether it is the quality of economic growth, the export competitiveness of industrial products, and the speed and scale of wealth accumulation, international bankers have begun to panic.
How frightening is this speed, in just 40 years, it has developed from a ruin, and in just 40 years, Ben's GDP has reached half of that of the United States.
In this year, that is, in 85 years, the company replaced the United States as the world's largest creditor country, and the products manufactured by the company were flooded all over the world. The pace of the frantic expansion of the capital made the Americans exclaim, "The capital will occupy the United States peacefully!"
The economy is booming, but the yen is not valuable, which is not good for the company that wants to expand overseas markets on a larger scale.
Then the United States wanted to devalue the dollar, and said that it wanted the yen to rise, and the two sides hit it off.
There are many people who say that the United States wants to devalue the dollar, so US Treasury Secretary James Baker approached Ben, Germany, France, and the United Kingdom, hoping that the governments of the five countries will jointly intervene in the foreign exchange market and make the dollar fall against major currencies in an orderly manner to solve the huge trade deficit of the United States.
It is also said that it was not Baker who took the initiative to propose the joint intervention of the five governments in the foreign exchange market, but the Minister of Finance at this time, Noboru Takeshita.
But no matter who proposed it, in short, in this context, the finance ministers and the central bank governors of the five most economically powerful developed countries held a meeting at the Plaza Hotel in New York, and reached a joint intervention in the foreign exchange market by the governments of the five countries, and this agreement signed in New York Square is called the Plaza Agreement.
Then, the dollar depreciated as expected and the yen appreciated as expected.
Qiao Feng understands this history, and knows the huge impact of the Plaza Accord and the huge opportunity to make a fortune, so he mobilized all the money he could mobilize to repay the loan, and exchanged all the 200 million US dollars for Japanese yen and invested it in the market.
And on September 22, a few days after Qiao Feng exchanged all the billions of dollars into yen in batches for nearly a month, the Plaza Agreement was signed in the New York Plaza as scheduled.
And just after the agreement was signed, the dollar depreciated and the yen appreciated.
Just 10 days after the agreement was signed, the U.S. dollar had already depreciated by 10 percent, and the yen exchange rate was still at 250 yen per 1 U.S. dollar when Qiao Feng converted the U.S. dollar into yen, and only 10 days after the agreement was signed, the exchange rate of the yen against the U.S. dollar had reached 1 U.S. dollar to 225 yen.
Intuitively speaking, Qiao Feng's billion US dollars appreciated by 10% in just ten days after being converted into yen, and if Qiao Feng exchanged all the yen in his hand for US dollars at this time, he could exchange it for 1.1 billion, and make a net profit of 100 million US dollars in ten days.
However, it is impossible for Qiao Feng to exchange the yen in his hand for dollars at this time, because he knows that there is still a lot of room for the yen to appreciate, and it has been soaring in the next few years, and the exchange rate of the yen against the dollar will rise from 250 to 1 and finally to the highest 120 to 1, which means that the appreciation is more than doubled.
This is also the reason why Qiao Feng wanted to put the 900 million US dollars exchanged for yen in his account and do nothing, and in the end it could rise to 1.8 billion US dollars or even higher.
However, this idea Qiao Feng is destined to only be kept for a short time, because if the Plaza Accord is simply to cause the depreciation and appreciation of the US dollar and the yen, it will not have such a big impact on the original time and space.
Qiao Feng knew that after the signing of the Plaza Agreement, the yen appreciated sharply, and later said that he had nowhere to spend his money, and a large amount of capital flowed into the stock market and real estate, resulting in the housing price of the capital being able to double in two years, and even later said that he arrogantly said that he could buy the entire United States just by selling the land in Tokyo for money.
At that time, the company did have money, bought Rockefeller Plaza, and Hawaii was about to be bought, but at that time, it was the turning point of the economy, and then the real estate bubble was punctured, and the Rockefeller Plaza, Hawaii and other assets that had just been bought in their hands were all forced to vomit out, or at a price of less than half of the purchase price to vomit blood.
At this time in 85, Qiao Feng was very satisfied thinking that he could seize the opportunity to make double the money, but next year, when the real estate skyrocketed next year, Qiao Feng would definitely not think like this now, and he would definitely go to the real estate to grab a big cake.
However, now Qiao Feng has made 100 million US dollars in ten days, which has made him very happy, and he also knows that it will take a few years for the appreciation of the yen to rise to the peak, and he does not need to pay too much attention during this period, so his attention has turned back to his main business again.
On August 10th, the working emperor who was released in Jiahe, Longteng's two mainstream theaters, has been painted for many days after the release a month later.
This movie, which has been released for half a month longer than the original time and space, has one more theater line, and the box office is also worthy of its screening scale and time, with a total of more than 27 million box office, 10 million more than the original time and space.
And the summer lucky star that was screened for five days at night than the working emperor, the same double-line joint screening, the same one-month release time, and a star lineup with more box office appeal than the original time and space, the box office is also satisfying, and the box office of 37 million almost broke the highest box office record of more than 38 million Hong Kong movies created by the hero's true colors.
Just when the working emperor and the summer lucky star were painting, the beautiful woman who had been screened in North America for more than three months, and the dragon brothers and mouse brothers also ended the screening one after another.