Chapter 421: Windfall (9)

James said with a sad face: "It's really hard to say, this is the most difficult thing I've ever encountered, it's really unprecedented!"

Yao Yi said with a smile: "What difficulties have you encountered!"

James sighed and said, "What I'm encountering now is not only the difficulty of the American government, but also the problem of the Canadian government!"

Yao Yi said: "The difficulties of the Canadian government, what difficulties do they have, are they unwilling to sell the two northern districts!"

James said: "Yes, it turned out that they were going to sell at the instigation of a few councillors, but now they have no such intentions, especially when they hear that the buyer is you, they firmly disagree, I have exhausted all my strength, and this matter has come to naught!"

After Yao Yi heard this, he sneered and said, "Secretary Zhi, it seems that the preparations we have made are superfluous, hehe, okay, since this is the case, then forget it!"

James looked at it with a look of helplessness on his face.

Yao Yi continued: "Okay, Your Royal Highness the Prince, since it doesn't work, even if this matter is over, it doesn't matter, things in this world are changeable, I see that you are also tired, go back and have a good rest!"

The wise rat asked, "Can't you buy it in Greenland?"

James said: "Speaking of Greenland, now those sub-councillors want to help us buy Greenland, and at the same time ask us to take over their giant company!"

Yao Yi smiled and said: "Hehe, what a big 'yin' scheme, treat me as anything, you can do whatever you want, fuck, these eight lambs are not only a racist, but also a greedy guy, yes, they don't beg me, if you ask me to do something, you see how I clean them up, what a king eight lambs!"

The wise mouse said: "Master, this doesn't need to be angry, we can buy Greenland without them, as far as I know, now the original inhabitants of Greenland have always wanted to be independent from Denmark, so, with Denmark's strength, it won't last long, as long as we reach an agreement with the local government, the Danish royal family will be out, and there is no need to deal with them at all, as for those parliamentarians in Canada, let the American government take care of them, hehe, let them fight first, wait until both sides' When we are exhausted, we will strike again and take it in one fell swoop!"

James said: "How can they fight with each other, this time I guess they have reached some kind of agreement, so it is impossible for what you expect to happen between them, I think we are also busy in vain!"

The wise mouse smiled and said, " Your Royal Highness the Prince, you are wrong about this, what you see is only the appearance, you have not analyzed the current situation at all, the Juneng Oil and Gas Company is just a small fuse, and the Canadian shareholders of the dozen or so Juneng companies are just a victim, you don't think about it, why the United States government wants to attack them, you know, these parliamentarians are very influential in the Canadian Congress, what is the purpose of the United States government, is it just for that little money, it is not at all, the United States is going to play a big game of chess！”

James said: "Big chess, what big chess!"

The wise mouse said: "This big game of chess also has to talk about Japan's square agreement, so I'll introduce the general situation first!"

The Wise Mouse spoke about the background, content, and impact of the Plaza Accord.

Speaking of the background of the Plaza Accord, it is mainly related to the US economy, since 1980, the US domestic economy has undergone two changes, the first is that the foreign trade deficit has expanded year by year, to 160 billion US dollars in 1984, accounting for 3.6% of the GNP of that year, and the second is the emergence of the government budget deficit, in the double deficit Under the shadow of the US government, the US government has raised the domestic base interest rate and introduced international capital to develop the economy, and the large inflow of foreign capital has caused the US dollar to continue to appreciate, and the US export competitiveness has declined, thus expanding to the crisis of foreign trade deficit; under the pressure of this economic crisis, the United States hopes to strengthen the foreign competitiveness of US products with the depreciation of the US dollar, so as to reduce the trade deficit.

This is the main context in which the United States is going to make the Plaza Accord.

The specific content is: On September 22, 1985, the finance ministers and central bank governors of the United States, Japan, the Federal Republic of Germany, France, and the United Kingdom (G5) held a meeting at the Plaza Hotel in New York, and reached an agreement on the joint intervention of the five countries in the foreign exchange market to "induce" the exchange rate of the US dollar to depreciate in an orderly manner against major currencies in order to solve the problem of the huge trade deficit of the United States.

After the signing of the "Plaza Accord", the above-mentioned five countries began to jointly intervene in the foreign exchange market, selling a large number of dollars in the international foreign exchange market, and then forming a selling frenzy of market investors, resulting in a sustained sharp depreciation of the dollar, in September 1985, the dollar against the yen at 1 dollar to 250 yen around the 'wave', less than three months after the agreement was signed, the dollar quickly fell to about 1 dollar to 200 yen, a drop of 20%.

After that, the U.S. authorities, represented by U.S. Treasury Secretary Baker, and financial experts represented by Fird Bergsten (then director of the U.S. Institute for International Economics) continued to verbally intervene in the dollar, saying that the level of the U.S. dollar exchange rate at that time was still on the high side, and there was still room for decline, and under the hint of the hawkish attitude of the U.S. government, the U.S. dollar continued to fall sharply against the yen, and the lowest fell to 120 yen per dollar, and in less than three years, the dollar depreciated against the yen by 50%, that is, the yen doubled against the dollar。

In order to achieve the goal of economic growth, the Japanese government has maintained the prosperity of the domestic economy with loose monetary policies such as lowering interest rates, and since 1986, Japan's benchmark interest rate has fallen sharply, which has caused a large amount of domestic surplus funds to be invested in non-production tools such as the stock market and real estate, thus forming a large number of bubble economies, and this bubble will burst sooner or later。

James asked, "You mean that there is a lot of bubble in the Japanese economy right now!"

The wise mouse said: "Yes, if you are careful and look at the ranking of the World Bank, you will find such a strange phenomenon!"

James asked, "What a strange phenomenon!"

The wise mouse took out a newspaper and said, "If you look at the rankings of these banks, I'm sure you'll soon find out what's wrong!"

The newspaper listed the top 10 banks in the world: 1, Sumitomo Bank (Japan), 2, Dai-ichi Koyo (Japan), 3, Fuji Bank (Japan), 4, Agricultural Credit (France), 5, Sanwa Bank (Japan), 6, Mitsubishi Bank (Japan), 7, Barclays (English), 8, National Westmins (English), 9) Deutsche (Germany), 10, Industrial Bank (Japan),