Chapter 235 Self-inflicted iniquity

Felicité is less famous than La Digue, which has the world's largest beach, but the advantage is obvious: the island is private. Genius one lives three five first 35d1

Moreover, the island is a mountain, with dense forests, rocky mountains, and a small stretch of fine sandy beaches.

The island is not open to tourists, and it takes only 10 minutes by speedboat to La Digue, and even to Praslin, which has an airport, it takes only half an hour.

In order not to spoil the environment of the island, all the buildings were built in the northern reef area, and according to the topography, twenty wooden houses are located in different corners, each with enough concealment.

In addition to the 20 cabins, there are also 80 luxurious rooms in the central lobby of the hotel, each with its own living room, which is not worse than the cabins.

This is the place where private banks dedicate their annual hospitality to large clients, almost all of whom are billionaires, and naturally want to give everyone the most exclusive enjoyment.

In order to reduce operating costs, the island is actually leased out, but as a whole.

Under Hoffman's contract with the Four Seasons, the rental cost is $60,000 per day, and the rental is more than three days.

The service staff of the Four Seasons Hotel is responsible for the operation, and every January, half a month will be set aside to close the business.

Therefore, even if Jonas comes to his own island, it is not completely free, and he also has to pay a minimum of $20,000 per day for the service of the Four Seasons.

But because of the Four Seasons Hotel, the island can be rented out at least half of the year, bringing back millions of dollars for the Hoffman family.

Of course, there are at least a million of these funds to send out the warlords and pirates in the northeast corner of Africa.

Friends who have never been here are immediately fascinated by this island, although the island is only two square kilometers, but the primeval forest on the island is extremely charming.

The wooden boardwalk stretches up and down the terrain in the primeval forest, and most of the places can be reached.

Not only are there no poisonous snakes on the island, but there are also countless sea turtles inhabiting the island, and it has become a sight to see them every evening.

However, the others were satisfied, and Jonas stayed for a few days but was a little angry.

Everyone else came with friends of the opposite sex, but Jonas brought what he could only see, not touch.

Although most people still pay attention to quality and do not prostitute themselves in the daytime, they like to seek excitement when carrying people behind their backs.

Jonas was involved in several car accidents, which made him even more uncomfortable.

At first, Randolph said that he would lend his girlfriend to Jonas for use, Jonas rolled his eyes, and later, he couldn't help it.

Although he didn't accept it because of Neuer, his impression of Randolph has changed a lot better.

Edward's girlfriend was also not a good bird, and it is said that she was also well-known among the British aristocracy.

When Jonas was taking Neuer for a walk, he encountered her and Edward's car accident at the boardwalk rest pavilion in the forest.

At that time, she also hooked her fingers with Jonas and flattered her, wanting to invite Jonas to join the war.

It's really uncomfortable!

The time spent swimming with Neuer every day was the hardest time. Neuer was in charge of lighting the fire, but he couldn't put it out, and he was too young for Jonas to even want her to put out the fire in another way.

The only big news during the holiday was that Italy withdrew from the six-nation talks because it was not angry at the scorn it had received.

However, their influence is really not large, and the other five countries have not been affected at all, and they have still reached a series of consensuses.

Today, the Armenians, including the Armenians themselves, are selling their dollar cash assets in exchange for assets in other currencies, causing stock markets around the world to rise spectacularly.

Benefiting from this rise, Jonas's investment income in Dongying is becoming more and more eye-catching.

On July 6, another round of consultations between the six countries came to an end, and the most crucial agreement was reached to stabilize the ratio of national debt between Dongying and Armenia.

Since '81, Dongying has become the largest creditor of Armenia, and about half of Armenia's foreign trade deficit comes from Dongying.

On the one hand, they are worried that the dollar will collapse in a panic and bring about tremendous turmoil. Secondly, the Dongying industry is also afraid of the rise of Armenian trade protectionism and suppressing Dongying goods.

The appreciation of the yen and the depreciation of the US dollar can reduce trade risks and narrow the trade deficit between the two sides as a policy.

The next meeting is scheduled for September 11 at the Plaza Hotel in New York.

This also means that in two months, the Plaza Accord will really kick off the upheaval.

Ironically, the happiest people are the people of Dongying right now.

Of course, the decline of Dongying cannot be blamed on the Plaza Agreement, because the other signatory countries have not been greatly affected.

The mark rose even higher than the yen, but Germany's economy was not affected in any way, but because of the appreciation of the mark, Germany really became an economic power.

What is really to blame for Dongying is their erroneous economic policy of easing credit to stimulate economic growth.

After World War II, Dongying pursued the creed of "economic growth first". Fearing that the appreciation of the yen would hurt the competitiveness of the economy, they adopted a policy of easing credit.

After the signing of the Plaza Accord, the central bank lowered interest rates five times in a row, and cut interest rates five times in more than a year, and the interest rate dropped rapidly from 5 percent to 2.5 percent, becoming the lowest interest rate among major economies at that time.

At the same time, the money supply has also begun to detonate in large quantities. Later generations recorded that in the five years following five years, Japan's year-on-year growth rate rose from 8 percent to more than 12 percent.

Major banks are desperately trying to lend, and the total amount of loans from banks has increased by 96 trillion yen. Consumer credit companies of all kinds have also grown savagely.

At the same time, in the 80s, Dongying has become the second economic power in the world, they are too rich, and the hearts of the people are floating.

In the 70s, 40% of Dongying's bank loans were for the manufacturing industry, but in the 80s, even 20% of the loans that the manufacturing industry could get were not guaranteed.

Where did all the money go?

All this money has gone to the stock market, real estate, and overseas acquisitions.

From September 5 to September 9, the stock market of Dongying rose 3 times, and the price of land increased 4 times. At that time, almost everyone in Dongying was a stock god and an investment expert.

As a result, it has brought about a crazy increase in social consumption.

A nondescript street in Tokyo is crowded with top international luxury brands, and people queuing up to buy LV and grab Gucci are everywhere.

In Shibuya, Tokyo's busiest fashion business district, it's full of girls wearing luxury brands. It is estimated that on average, every five Dongying people have one LV product.

Forbes announced the list of the richest people for the first time in 7 years, and among the top 10, the first place is Toei real estate tycoon Yoshiaki Tsutsumi, the second place is Toei real estate tycoon Yoshiro Moridai, the third place is also Toei real estate tycoon Shigeru Kobayashi, and the fourth place is Toei real estate tycoon......

In 90 years, the top 5 companies in terms of market value were all Dongying enterprises, and the top 20 companies in the Middle East accounted for 14.

There is a popular joke that a company is about to buy a building in New York.

The New Yorkers offered $400 million, and when they were about to close, the Dongying people sent a new contract, and the price written on it was $610 million.

New Yorkers were puzzled, and Dongying explained that their boss had just seen the Guinness World Record, and the highest transaction price of a single building was $600 million, and he wanted to break this record......

In short, it is not an exaggeration to describe the Dongying people at this time with stupid people and a lot of money.

The economy is getting hotter and hotter, and the Dongying government is scared, so they have to raise interest rates.

In 90 years, interest rates were raised five times in a row, and the benchmark interest rate was rapidly raised from 2.5 percent to 6 percent.

At the same time, the Ministry of Finance began to implement a policy of restricting land credit.

The bubble in the Dongying property market and stock market was punctured at once, and brought about serious economic stagnation. After that, the Dongying government went on a borrowing spree to stimulate the economy, but almost to no avail.

Yoshiaki Tsutsumi, the richest man in the world for 7 years, had assets of up to $165 billion at its peak. This record has not been broken until 2019.

In 2019, housing prices in Tokyo recovered to half of what they were in '91......

In stark contrast to Dongying is Germany.

Remembering the hyperinflation of the Weimar Republic after World War I, Germany had reservations about loose monetary policy and instead focused on domestic prices, especially domestic prices and output.

After the Plaza Accord, Germany also lowered its deposit rate, but the reduction was smaller than that of Dongying, and it began to rise before Dongying, which means that Germany's monetary policy is more prudent than Dongying.

At the same time, the leverage ratio of German companies and individuals is also lower than that of Dongying.

Germany is not as crazy about stimulating the economy as it was in the East. Therefore, the German stock market and real estate, despite their ups and downs, did not cause huge fluctuations.

A soft landing, a hard landing, and the ending is different.

More than a decade later, Haruhiko Kuroda, the governor of the Central Bank of Toei, concluded: "It was not the appreciation of the yen itself that caused the severe inflation and asset bubbles, but the wrong fiscal and monetary policies adopted by the Toei government at that time. ”

When he first started working in his previous life, before Jonas was sent overseas, he learned the most about the economic comparison of various countries, and Dongying has always been a clear example that experts like to talk about.

Because of his understanding of the future, Jonas is extremely confident in his plan to invest in Dongying.

Austria's investment profit is nothing, and Dongying will be his real opportunity to grow.

On July 10, Jonas returned to Switzerland after a half-month vacation.

After sending Edward and the others back to England on his own business jet, Jonas had a day's meeting with Ursula, who had returned from England.

The British giant, the Vickers Group, has always been a burden on the car factory, and the negotiations between Ursula and them for an intentional cooperation are going very well.

However, when it comes to specific sales, the two sides have a big difference in negotiations.

According to Jonas's estimates, the two factories should be sold for between $200 million and $300 million, but the price of a Rolls-Royce factory is $250 million, and the asking price of Bentley is more than $200 million.

This price is a bit inflated.