Masayoshi Kishimoto and Masashi Yanai can be said to have the same smell, after all, they both exude the nature of letting capital maximize a profit-seeking, as well as giving full play to their greedy nature.

So, they started with politeness, and then brought the topic closer, and then introduced the topic of the Asian financial crisis.

At this moment, although Masayoshi Kishimoto has the idea of investing in Uniqlo, it does not mean that he has made an investment move. No matter how long this project is delayed, it is perfectly fine.

After all, the capital in his hands is limited, so it is natural to grasp the big and let go of the small, and it is impossible to cover everything. My investment strategy is not to drop the water, but to concentrate on one punch.

The market capitalization of Google and Uniqlo after 20 years is $800 billion, and the other is less than $10 billion.

At a glance, you know which one you should invest your money in. Kishimoto is in the spirit of business failure, benevolence and righteousness, but it does not prevent himself from making friends with the other party.

If it weren't for his rebirth, this Yanai Masashi would also become the richest man in RB in the future. has its own existence, then it is absolutely impossible to let this happen, after all, the richest man has to be himself.

Whoever fights with him will not be able to. His small goal is to become the richest man in RB first, then the richest man in Asia in the middle goal, and finally the richest man in the world with the big goal.

"Under this Asian financial crisis, South Korea has been hit hard. The South Korean government has been passive because its foreign exchange reserves are too small. Yanai said with his opinion.

"You're talking about one aspect. However, the root cause of the South Korean government's current embarrassment lies in the exchange of tickets.

South Korea's commercial acceptance bills and bank acceptance bills have been greatly overissued. The core of these two types of acceptance bills is to link them with South Korea's chaebol enterprises, and gradually develop outward layer by layer.

On the surface, it may seem like there is no problem, but in reality, we all know that an acceptance bill is a financial instrument that can be used to defer payments, ranging from 30 to 180 days.

Theoretically, even if it is not supported by a 1:1 margin, it should be at least eight or ninety percent.

However, before the Asian financial crisis, the situation in South Korea had reached 1:2, 1:3, or even higher.

1 won can be used as 2 won, and 3 won is widely used as an acceptance bill instead of cash. People's monthly wages have to be paid in cash, after all, people need to live, and they need to pay various expenses and expenses every day.

An overheated economy will inevitably lead to an economic bubble. It's like a dog worth $1 million, but you can't sell it for cash, you can only exchange it for two $500,000 cats. Kishimoto expressed one of his opinions.

He paused at this point, smiled, and continued: "The acceptance bill must not be cash. After maturity, it can be cashed out.

Korean businesses and businesses, from large corporations to small and medium-sized enterprises, have been using this method in large quantities for payments, loans, and other financial operations, and all of a sudden it is equivalent to increasing the amount of money circulating in the market.

An acceptance bill is like a drum passing a flower, and an acceptance bill is like a flower, as long as it passes through a string of people's hands, it will inevitably be connected with these people.

When the drum stops, it's as if one of the links has been breached, and then it breaks, and the dominoes will fall, and it will be out of control. ”

Even if Kishimoto knows that the acceptance bill in 20 years can be used electronically, it is very convenient, but it does not mean that it can be so convenient now.

In addition to the fact that the paper acceptance bill cannot have creases, it cannot even be wrong with a single word on it. The transfer of the upper house to the next house has to be written one by one. Layer by layer, it has to be noted layer by layer.

The acceptance bill of a commercial bank is superior to the acceptance bill of the enterprise. If you can't wait for cash, you need a discount (discount).

The longer the time, the higher the discount, ranging from 2% to 10%. This means that the acceptance bill of 100 yuan is only 98-90 yuan in cash.

Since the Asian financial crisis, the South Korean government has gradually and significantly increased its foreign exchange reserves in the future to 385.3 billion US dollars in order to prevent the recurrence of the Asian financial crisis due to the low foreign exchange reserves.

High foreign exchange reserves do not mean that the country is necessarily rich, and ordinary people are equally rich, but it only means that the government is rich and has a strong ability to prevent financial risks.

The disadvantage of this is that it inhibits the development of domestic industry and commerce, and investment decreases, and employment opportunities will decrease, and ordinary people will have little money in their hands, after all, jobs are hard to find.

On the other hand, the United States has a national debt of $21 trillion and foreign exchange reserves of only $44 billion. Even though Russia's foreign exchange reserves are $356.5 billion, they are still disgraced from time to time, and the currency has depreciated sharply. Why?

Because in 1997, the international travel capital has reached 7 trillion US dollars. Also in 1997, not to mention South Korea's $3.84 billion, and even Hong Kong's $82 billion foreign exchange reserves could not resist the crazy attack of Soros and other international investors, and then asked the central government for help.

Even Chinese mainland's foreign exchange reserves, which exceeded $4 trillion at their peak, were only $140 billion at this time. In 1992, Chinese mainland's foreign exchange reserves were only $19.4 billion.

When countries greatly increase their foreign exchange reserves, international travel funds also rapidly increase the amount of capital. By 2018, the estimated total amount of international travel is uncertain, at least not less than $7 trillion.

If you add five times leverage, it is more than 35 trillion US dollars. How many there are, no one knows. Even if Hong Kong's foreign exchange reserves have reached US$437.5 billion, it does not mean that it is absolutely safe.

Similar to the various funds held by Soros, a total of $600 billion to $1,000 billion can be used internationally, and these funds are swimming around the world, completely motivated by high profits.

They are so destructive that they can completely destroy a country's exchange rate system overnight. During the 1994 financial crisis, Mexico's total external debt amounted to $165.6 billion, most of which was short-term debt, which plummeted by nearly $4 billion between December 20 and 21.

International financial institutions such as the U.S. government and the International Monetary Fund have decided to lend huge sums of money to support Mexico's economic rescue plan to stabilize the exchange rate, the stock market, and investor confidence.

It was not until the gradual arrival of $50 billion in international capital assistance, led by the United States, that Mexico's financial turmoil subsided in the first half of 1995.

Therefore, South Korea is not the first country to turn to the IMF for help. Before it, Mexico already had.