Chapter 0328 Zero Point Fund Transformation
"Thank you, teacher, for your encouragement, what is the second condition that Spangreen proposed?" Qiao Tianyu then asked.
"The second condition is about your Zero Point Fund. Professor Friedman said.
"Spangreen said, although you have been controlling the Zero Point Fund, according to the Federal Reserve's investigation, the biggest boss behind the Zero Fund is Sanchez, the president of the Mexican National Railways, and you are only the fund manager of the Zero Fund, right?" Professor Friedman asked.
"Yes, I'm at best the fund manager of the Zero Point Fund, and the start-up capital of the Zero Point Fund is all invested by Sanchez. Qiao Tianyu said truthfully.
"The separation of controlling and operating rights is also the mainstream practice of most hedge funds today, is there anything wrong with it?"
"That's right. Professor Friedman nodded, then explained.
"There is nothing wrong with this kind of hedge fund institutional arrangement that separates the controlling stake from the management right, but the boss behind the zero point fund is Mexican, which is very inappropriate!"
"Because according to the current development speed of the Zero Point Fund, in a few years, the Zero Point Fund will develop into a giant international hedge fund like the Quantum Fund, Tiger Fund, and Bridgewater Fund. ”
"At that time, the Zero Point Fund will become a powerful force affecting the US finance, and even the global financial community, and the Federal Reserve will certainly not let such a powerful force fall into the hands of foreigners, otherwise it will seriously affect the economic and financial security of the United States. ”
"Especially in recent years, the political situation in Mexico has been unstable, the direction of the country's development is unclear, and the economic situation has deteriorated. ”
"So Spangreen proposed that the zero point fund must be restructured in shares, and the controlling stake must not be in the hands of Mexicans!"
"Share restructuring?" Qiao Tianyu was also very big after hearing this, "Teacher, I probably understand what Spangreen meant, he just wants the zero point fund to be controlled in the hands of the Americans themselves, right?"
"But Sanchez is Mexican, and I am Chinese, so how can the Zero Point Fund be restructured to meet his old man's requirements?"
"Haha, you kid are in mood again, aren't you?" Professor Friedman patted Qiao Tianyu on the shoulder and laughed.
"I've already communicated this question with Spangreen, what Spangreen means is that if you want, he can immediately help you handle all the matters of naturalization in the United States, and when you become an American citizen and become an American, can't you take over the Zero Fund logically?"
"I don't want to!" Hearing this, Qiao Tianyu did not hesitate at all, and immediately sternly rejected Spangreen's "good intentions".
"Teacher, I, Qiao Tianyu, am a Chinese man who stands up to the sky, I am proud and proud that I am a Chinese, and it is absolutely impossible for me to give up my Chinese nationality and become a naturalized American!"
"Hey, you kid!" Professor Friedman shook his head helplessly.
"Okay, okay, I also thought of this, I know the status of the word 'Huaxia' in your heart, you will definitely not give up your motherland and beliefs because of a zero point fund. ”
"I mentioned this to Spangreen just now, and Spangreen came up with a compromise. With that, Professor Friedman stretched out three fingers to Qiao Tianyu.
"For 3 years, Spangreen gives you a three-year transition period, during which you can hold a controlling stake in the Zero Fund. ”
"But at the end of the three-year period, the Zero Fund must be ceded to the Americans, so that American nationals can hold an absolute controlling stake in the Zero Fund, and only when this condition is met can the Zero Fund be allowed to engage in short-selling operations of central banks. ”
"Yes!" Hearing that Spangreen had given him a three-year grace period, Qiao Tianyu nodded vigorously.
Because Qiao Tianyu also had a small calculation in his heart, he believed that as long as there were three years, he would definitely be able to make Lily really change her mind and return to himself, and it would be OK to transfer the Zero Point Fund to Lili's name when the time came!
"Teacher, what is the third condition that Spangreen proposed?" Qiao Tianyu then asked.
"The third one isn't a condition, it's Spangreen asking you for a favor. Professor Friedman said.
"Helping Spangreen?" Qiao Tianyu was shocked when he heard this, and the back of his neck was cold, isn't Spangreen known as the world's "economic czar", do you still need to ask Qiao Tianyu to help?
"Don't dare to be, don't dare to be, Spangreen has any orders, just say it. Qiao Tianyu hurriedly said.
"In fact, the favor that Spangreen asked you to help is also the most headache for Spangreen over the years. Professor Friedman said.
Tianyu, you should know that since the establishment of the Bretton Woods system, the US dollar's status as the world's No. 1 reserve currency has been completely established. ”
"Since then, countries around the world have accumulated a large number of dollar reserves through international trade, aid, investment loans from financial institutions and other forms, of course, these international hot money is often referred to as 'offshore dollars'. ”
"However, with the development of the global economy, the scale of international hot money is getting bigger and bigger, according to incomplete statistics, as of now, the total amount of international hot money outside the United States is about 30 trillion to 50 trillion US dollars!"
"This hot money is outside the borders of the United States, not under the jurisdiction of any country** or central bank, and is free to move between the world's major financial markets, seeking opportunities for speculation and profit. ”
"And because the scale of international hot money is huge, it is a powerful force that is difficult for any country to resist, and it is no exaggeration to say that this international hot money is crushing everywhere it goes, which has a serious impact on the international financial order, and the financial war two days ago has also understood this. ”
Therefore, this international hot money has become a big problem for the Federal Reserve and Spangreen, and Spangreen is worried about how to deal with this international hot money, but he has been struggling to find a good way. ”
Therefore, Spangreen handed over this thorny problem to you, and it is also a three-year period, please help the Federal Reserve and Spangreen solve the problem of international hot money within three years, shape a new order of international hot money, and regulate the movement of international hot money. ”
"Ah, three years, shaping a new international hot money order?" Qiao Tianyu heard this.
What is international hot money?
The flow of funds that are not subject to the jurisdiction of any country, any institution, or any individual is called international hot money!
It can be seen from the definition of international hot money that it is impossible for international hot money to be governed by anyone, otherwise it would not be called international hot money!