Chapter 75 You Can't Manipulate the Market

"Mr. President, they are doomed to bankruptcy, I very much do not understand, what is the purpose of aiding Smecta?"

Old Cor was speechless, and he had a good relationship with Robert Rubin. In fact, he also supported the theories of the Chicago School.

However, in the case of Smecta, you have to have political considerations.

Although this little brother is a little confused, its position is too awkward. If we don't save this, what do you want other friends to think?

"It was a mistake, it was so arbitrary. The economy has its own operating rules, and human manipulation is not a good idea. ”

Looking at Greenspan talking eloquently on TV, William White elegantly raised his middle finger.

"Lisa, change the channel, what kind of garbage show is this. ”

"Okay, boss. ”

The corners of Buffett's mouth twitched a little, this thing has no respect for the old man at all.

The Hong Kong Monetary Authority intervened, investing US knives into the market, and still buying constituent stock indexes.

Malaysia, it is said, they have plans to further restrict capital.

Damn, how can you do this, and if so, how do we end up?

"What, what's wrong with marketization?"

"No, no, no, you're wrong, Warren, I'm not against market mechanisms. What I care about is the principle of fairness.

What are the considerations for giving up Thailand and bailing out Smecta?

Bullshit market mechanism, when aiding Mexico, Greenspan went into battle shirtless, and now it's okay, he actually pulls the market mechanism.

You say, Warren, this guy who runs a train with a mouth, should I say hello? Honestly, his performance is so bad that it makes me sick. ”

"Ahem, cough, you, you're really a poisonous tongue. ”

Buffett didn't hear anything, but he wasn't disappointed. William White was very relaxed, as if he didn't care about it anymore.

You must know that the current won is close to the 2,000 mark. Nima, if you invest in an asset with the Korean won as the underlying asset, even if the asset does not depreciate, you will lose 70% of the principal.

However, if your exchange rate has fallen by seventy percent, how can your assets not depreciate, and half of them are missing, which is the very least.

Then you do the math, more than 80% of the principal is gone. If you take into account the cost of capital, even without leverage, your investment has been cleared.

Investment bank investment, who will not have leverage, who will not make a second pledge?

Smecta's pot is really a big one. I cried, they were the ones who invested the most, Smecta went bankrupt, and their banks here were also unlucky.

The capital adequacy ratio of the bank is insufficient, and a considerable part of their assets are either stocks of other banks or stocks of their own banks.

Isn't it a bit like a chain ship?

Don't be surprised, that's how banks play. The rabbit country is more interesting, and there are mutual guarantees.

If you take out a loan for a business, the bank is not at ease, so you need to find a guarantee. The company that helps you guarantee also needs you to help him. In the end, hundreds of companies were tied to the comedy scene.

Banks are risk-free, but what about companies? If one is unlucky, a large number of them will fall.

So, at this time, it is inevitable to come to the aid of Smecta. If you can, why do you want to say that people can't help themselves?

If the US imperialists do not save Smecta and then bring Soros home, then the market mechanism is not unavoidable. In terms of efficiency, it is indeed a good market mechanism.

But, please, don't use two sets of standards, okay?

Don't be afraid to use it, you still have the face to criticize others.

For a million dollars, I can help you build a house with the best materials. 100,000 US dollars, then you can only use ordinary materials.

Ten thousand?

You actually question why I built a bamboo building?

Shit, since you refuse to help, of course I have how much money to do as much as I want.

There is no doubt that the US imperialists want to save Smecta. Later, Smecta made a movie called The Day the Nation Went Bankrupt.

To be honest, it means that many important things, you avoid the important and light.

The IMF has become the villain, but it is only a fund organization, and whoever has the most shares has the final say. Why, don't you dare to say that the US imperialists don't dare to say it?

What's more, other countries may be innocent, and Smecta's disaster is definitely to blame.

I like everything big, and I concentrate all my strength on everything. You use the national team to play self-employed, there is no glory in winning, and it is even more shameful to lose.

In this way, it is nothing, you can decide for yourself in the affairs of your own country. However, it is a bit unreasonable for you to do this under the banner of a market mechanism.

It's obvious that I'm playing the crash by myself, but I like to throw the pot everywhere. Soros's goal has never been Smecta.

According to the urine nature of this product, do you think this is running away?

It's just a chess piece, and the goal is not his choice.

"Boss, I just received the news that Smecta's foreign exchange market is closed. Sniffing the familiar smell that was close at hand, William White was a little nervous.

It's a pity that Warren Buffett is still there, and it's really inconvenient to show him, in case this product is ashamed and commits suicide, it's really boring.

"Warren, you see, foreign exchange delivery has stopped, and I'm sure Greenspan must have known about it. Or, he knew it a long time ago. Xiangjiang is just a government trust city, which is a conventional means in comparison. ”

"I'll go, it's not like that, forget it, it's pointless to quit now.

Perhaps, it may be a circuit breaker mechanism. ”

William White looked at this in surprise, Nima, I've seen shameless, but I really can't accept the double standard of your red fruit.

"Okay, okay, it's not a circuit breaker, their treasury is empty, and I really didn't expect that they could be weak like this. ”

William White is not a sperm bearer, he is not interested in saying right and wrong, he just wants to know, you bastards, when are you going to make a move.

"Warren, it's almost the end of the year, and if we don't have a plan, we may need to think about rebuilding. ”

"I don't know how they will save it, but I really want to know if the country will be impacted. ”

"Warren, now that you know the results, why do you want to be sure again?"

Buffett glanced at William White and nodded slightly. The fact that this guy was able to get to his current status is definitely not the luck of the outside world.

The requirements of the Ministry of Finance, which he knows very well, that is, the timing of the rescue may not be so timely.

The foreign debts of more than 120 billion yuan are either the United States or the capital, and if you don't give an explanation for these loans, you deserve to go bankrupt and go bankrupt.

Political and military considerations are important, but the green knife is even more important.

You Lao Ke can scold the consortium for being greedy, and it can be said that they don't care about the overall situation. However, in the end, you still don't dare to offend them.

In the final analysis, the discourse power of capital is the greatest, and since the day it was born, it was doomed to this kind of ending.

The power of the merchant needs to be suppressed, and the Rabbit Kingdom has been doing this for thousands of years. There may be many reasons, but the most important one is indeed only one, the power of money is too terrible, if it cannot be controlled within a certain range, the emperor also needs to look at their faces.

The emperor of the rabbit country knows this truth, so there can be no capitalists. Louis XVI did not know, so he was hanged.

If you hurt the interests of the merchants, it will be a dead end, and the emperor is the same.

As for Lao Ke?

It's just a president, it can't be compared at all, and if you touch the interests of the consortium, it will definitely not end well.