Chapter 162: The United Front
February 14, Valentine's Day in the West.
On this day, Jonas did not have time to contact any woman, and was busy signing various documents and settlement orders.
In the afternoon, 23 people belonging to Hoffmann's investment bank boarded a flight to Zurich and returned to Zurich.
On the plane, Bennett was reluctant to persuade Jonas to abandon the idea of moving his base camp back to Zurich.
Of course, Jonas knows that London is the world's largest futures market, and the financial investment industry will certainly have more room for development if it stays in London.
However, he knew very little about the financial industry in the eighties and did not have the confidence to control everyone, so he had to abandon the market for the time being.
In the face of Bennett's persuasion, Jonas simply said: "I already have the next development plan, and I will definitely not waste your talent." β
Back in Zurich at four o'clock in the afternoon, Jonas held his first plenary meeting in the new office of Hoffmann Investment Bank.
The meeting was attended by a trading team in London, an intelligence team in Zurich and representatives of Hoffmann Private Bank.
Hannah and her second uncle, Yankel, also attended the meeting and supported Jonas.
These less than forty men are the foundation of Jonas now, and of course, if needed, the private bank at Osberg can also help.
Before the official start of the meeting, each investment bank staff signed a new work contract, and all participants signed a confidentiality agreement.
After the meeting officially began, Jonas threw out his long-planned investment plan.
This plan was only known to Hannah before, but Milkan knew a little.
Everyone was stunned to hear that Jonas was going to focus his main investment on the Dongying market.
From Europe to Asia, they have also abandoned the futures market that investment banks have been familiar with and turned to the real estate and foreign exchange markets, which is a bit too big.
Almost everyone except Hannah and Milkan opposed the plan, but Bennett was the only one who fell into deep thought.
Yankel is a staunch opponent, arguing that Jonas's actions are too risky, and that Hoffman Investment Bank has never invested in this area before.
Hannah doesn't disagree, but that doesn't mean she's in favor of it, she just wants to give Jonas a chance to show what he's capable of.
She is even ready to lose money, and the purpose of her stay here is to be able to stop losses in time when danger arises.
At this time, Milkan showed up to tell a story.
It's been less than four months since the story that happened to him, and he's still the one involved, while letting everyone know who he is and what his energy is.
"What I can tell you is that in order to ease relations with Western countries, Persia has taken the initiative to shrink its front in the Iran-Iraq war. A complete ceasefire will be achieved by the end of March at the latest.
This decision, for which even Armenia and Persia themselves had not been prepared for several months.
Jonas's analysis of the world situation has a talent that ordinary people can't match, and this is the basis of my trust in him.
In the face of the complex financial investment market, Jonas has not yet had the ability to control the overall situation, so he has to shrink his investment in the financial market.
However, Jonas has what it takes to be a helmsman, and he has the foundation to be a captain.
What we need to do is not to oppose his opinions, but to fill in the gaps for his future investments, improve the loopholes in his actual operation, and make the investment plan more perfect.
Therefore, today's meeting is not to discuss the possibility of investing in Dongying, but to discuss how to improve this investment plan. β
At this time, Bennett raised his head and asked, "Jonas, if it is a real estate investment, how much role do you think our financial group can play?"
Jonas laughed calmly, sitting at the front of the crowd without a hint of stage fright.
"The plan to invest in Dongying is a long-term, huge plan that complements industrial investment and financial investment. If we can come to a consensus, I will tell you the whole plan, and then you will know that the financial team will play a positive and decisive role. β
Hearing Jonas define their role in terms of positive and decisive role, Bennett pondered for a while and said, "I have always admired your father Yannick, and I am willing to take a risk with you to be praised as a genius by him." β
Bennett is the leader of the financial group, and now that he has agreed to the plan, it means that there will be no more objections from the financial group.
On the asset management team's side, Wolf couldn't hesitate any longer, and he said a little conservatively: "Dongying's economic development trend is very good, and their take-off in the seventies and eighties is comparable to the development of Europe in the fifties and sixties.
Personally, I am still very optimistic about the real estate market in Dongying. However, it is still risky to put all the money into real estate. β
Jonas complimented: "Uncle BrΓΌti, I have always had great trust in your professional ability, and I also believe that you can be a good financial manager. I need you to use your expertise to help us avoid risk. β
"It's my duty to do it. β
This means that he agrees to the investment plan.
Jonas then added: "Since everyone has agreed to this plan, then I will start from scratch and discuss my investment ideas with you. First, let's start with the collapse of the Bretton Woods system in the early seventies......"
During World War II, 44 countries, led by Armenia, established the second international monetary system of mankind after the collapse of the gold standard in Bretton Woods.
In this system, the U.S. dollar is pegged to gold, and Amenia is obligated to exchange it for gold at the official price. The currencies of various countries are pegged to the US dollar, which is in the center and plays the role of the world's currency.
Even after the collapse of the Bretton Woods system, the fact that the dollar is still the dominant international currency has not fundamentally changed, and the currencies of many countries are still pegged to the dollar, whether explicitly or implicitly.
On the one hand, as an international means of payment and international reserves, the US dollar requires a stable value of the US dollar in order to be generally accepted by other countries in international payments.
The stability of the US dollar not only requires the United States to have sufficient gold reserves, but also requires that the United States must maintain a surplus in the balance of payments, so that gold will continue to flow into the United States and increase its gold reserves.
On the other hand, in order for the world to obtain sufficient foreign exchange reserves, the United States is required to maintain a large deficit in the balance of payments, otherwise the world will face a shortage of foreign exchange reserves and a shortage of international means of payment in international circulation channels.
However, as the U.S. deficit increases, the dollar's gold guarantee will continue to decrease, and the dollar will continue to depreciate.
The development of Europe in the fifties and sixties, and the take-off of the East in the seventies and eighties, turned the strong dollar into a huge shackle to the economic development of Armenia.
First, the economic development of Europe, and then the occupation of the world by Dongying's products, although Armenia has the world's largest industrial output, its exports have not been able to keep up with the cost of dollar preservation, and it has watched the products of other countries occupy the market.
In such an environment, Armenia wants to expand its exports, and the depreciation of the dollar has become inevitable.
After Jonas finished talking about the general situation, Wolf asked: "Jonas, since you have such a judgment, why don't we invest specifically in the depreciation of the dollar, but turn to the yen?"
Also, if the dollar is going to depreciate, obviously not only against the yen, franc, mark, and pound, but also for the great investment opportunity, why should we venture into an unfamiliar market?"
Jonas laughs: "Because my investment plan is not only for these, but also to use this investment opportunity to expand the market of Hoffman Investment Bank into Asia."
I have always believed that the twentieth century belongs to Armenia, and the twenty-first century belongs to the ancient country of the East. Hoffman Investment Bank will take advantage of this shift in the general trend of the world to always stand at the forefront of the tide, instead of repeating the tragedy of the Rothschilds. β
In the 19th century, the Rothschilds were the uncrowned emperors of the world, but their head did not see the opportunity for Armenia to develop and remained in Europe.
After two world wars, the once uncrowned king was lost.
Although they are still a big family, they still have a huge amount of wealth compared to ordinary people, but that's all, they don't have much influence at all.
However, Jonas is still too young, and his words are not too convincing, but rather seem to be a bit ambitious.
What he needs to establish now is credibility in front of his subordinates, and as for prestige, that's the future.
If this plan goes well, he will surely have absolute authority in the future.
Jonas added: "Investing in Dongying Market is part of my long-term plan, but before things unfold, we still need to be down-to-earth and take one step at a time to improve our investment strategy.
First of all, I give two predetermined goals. One is that the ratio of the yen to the dollar will appreciate from nearly 250 to 1 in the future to 120 to 1 in the future, of course, this is not an overnight thing, but a change over several years.
Secondly, I believe that housing prices in Tokyo will increase from the current 400,000 yen per square meter to more than 800,000 yen per square meter.
It should be noted that I am talking about the market price of the yen after appreciation. β
There was another cold air in the crowd, for Jonas was giving his judgment, even a positive judgment.
If this were the case, they would have a myriad of investment opportunities to make their investments profitable.
In fact, Jonas is more conservative, and when the market peaked in '91, Toei real estate was about the size of California in Japan, with a total land value of about $18 trillion, almost four times the value of all real estate in the United States at the time.
At that time, housing prices in Tokyo reached a staggering 1.2 million yen per square meter.