13 June 1993. University of Tokyo, Japan.

At 6 p.m., more than 1,000 people gathered in the auditorium.

In order to listen to Lin Qi's speech on the spot.

In order to complete the delisting procedures of Xinfei Electronic Technology Co., Ltd. on the Tokyo Stock Exchange in Japan, Lin Qi arrived in Tokyo, Japan on June 11.

After that, he was invited by the University of Tokyo to give a second lecture.

The last time he was invited to give a speech, Lin Qi looked down on the Japanese economy and believed that there was a huge bubble in the Japanese economy, but he was ridiculed by the Japanese media and economic circles at that time, thinking that Lin Qi did not understand the economy, let alone the Japanese economy.

However, a few years have passed, Japan's economic growth rate has plummeted, and some industries, such as real estate, securities, banking, foreign trade and exports, have felt the meaning of depression. People in other walks of life are feeling that it is more difficult to do business, and at the same time, the problem of finding a job is becoming more and more common in Japan.

Yes, there is a problem of population decline in Japan, and it stands to reason that it should not be a difficulty in finding employment. But here's the problem...... It is young people with higher education who are generally more educated than their parents. These young people, with more knowledge, are not willing to receive the minimum wage, working for decades in an assembly line with no prospects for development or in a hopeless position at the bottom.

Therefore, many young people with more knowledge and education than before would rather not be employed than settle.

As for the kind of low-end jobs, which are lower than the average salary in Japan, the method adopted by Japan in later generations was to sign contracts for graduate students from low-end labor in other Asian countries for a few years, nominally to come to study and train, but in fact, to do some work such as washing dishes, cleaning garbage, sewers, or serious pollution that is harmful to the human body. A few years later, after the visa expires, it will be rushed back to its home country without any hidden dangers and without any cost.

But...... Even replacing low-paying, insecure, dirty and dangerous jobs with low-end overseas labor will not be able to compensate for the long-term downward trend of Japan's declining economy and declining population.

In fact, the Japanese know how to change the downward trend in Japan. It was the United States that used a series of monetary, trade, and fiscal policy means to castrate Japan's originally promising economy.

The United States has set a scope for Japan to develop only within the scope permitted by the United States, and is not allowed to go beyond the scope. This kind of work in shackles, no matter how hard you try, you can't exert more motivation. If Japan had the ability, it would naturally break the shackles imposed on him by the United States, but that would be impossible!

Lin Qi naturally did not instigate the Japanese to make the United States oppose, after all, it is useless to instigate, and people have a coercion in their hearts.

Knowing that the fierceness of the mouth is going to suffer. If they knew that they would be beaten if they were inflated, then the Japanese would probably strangle those big fools who wrote books like "Japan Can Say No", and were they afraid that the United States would not pay enough attention to Japan?

These big fools, who don't know the truth of making a lot of money in a muffled voice, tremble and show off when they get rich, and then they remind the United States, and after that, the United States will bald the wool of Japan and milk the goat's milk. The squeezed ones are all yellow muscles and malnourished.

Originally, the United States has a lot of lambs all over the world, but they are not as good as Japan, so the United States often carelessly picks up this sheep and does not care about the feelings of this sheep.

What's more, Lin Qi went to Japan to pretend to be forced.

The last time I came to pretend to be a big force, predicting the collapse of Japan's economic bubble, real estate bubble and stock market bubble, after a lapse of three years, brought Lin Qi a large number of fans.

Because, Lin Qi likes to put a mouth cannon, which may not be likable at first, but it may be right afterwards. This kind of being slapped in the face by Lin Qi's mouth cannon has been many times, and many people who used to dislike Lin Qi have gradually begun to turn from black to pink.

"Today, I am at the University of Tokyo, and this is my second time giving a lecture.

Last time, I talked about the Japanese economy, and this time I will continue to talk about this, but I expected that I might be disappointed when I said good things, so I continued to pour cold water on it, because I don't want to lie, just tell the truth, and you will be grateful to me in the future.

In this speech, I would like to continue to say that the recession in Japan will continue, and if you are optimistic, it may be like the United States has come out of the Great Depression in more than 10 years after the 29-year Great Depression. The Dow Jones index hit a new high, and various economic indicators and business data all showed a long-term growth trend. It took 15 years for the United States to emerge from the Great Depression.

But...... What I need to say is that Japan does not have the conditions for the United States to emerge from the depression that year.

Because the United States did not rely on its own endogenous growth to get out of the Great Depression, but won the world war, reformulated the world economic order, and reshaped the world economic order around the United States, so that the United States can share the fruits of human development, thus resisting the fragility of the economic ecology of a country in the United States. With the whole world using the dollar, even if the United States does not develop, it will rely on the dollar to share the development of the whole world!

But Japan's yen doesn't have that kind of strength, you know! The dollar is strong, not just because American products sell well, or because the United States has a bunch of awesome companies. More importantly, political and military hegemony has given the United States the right to cut the cake in the world.

Perhaps, the modern Japanese government has learned some historical lessons and will take the initiative to bail out the market, and it will not be like the Great Depression of 29, when governments around the world rarely interfered in the market, and regarded the collapse of the stock market, the collapse of real estate finance, the continuous layoffs of enterprises, the unprecedented increase in social unemployment, and the rapid regression of productivity.

After the outbreak of the stock market crash, the Japanese government provided some help to the banking industry and some large enterprises, such as asking banks to lend to some enterprises in difficulty, so that enterprises would not immediately lay off employees and cut loss-making projects because of losses. These measures are not in essence intended to improve the efficiency of society.

Just for the sake of social stability.

Avoid the sharp social contradictions, the extreme deterioration of law and order, and even the emergence of revolution due to large-scale unemployment.

At present, Japan has taken a series of measures to invest resources in some zombie-like enterprises, which employ people equivalent to, extremely bloated, many employees even have lifetime contracts, and in the legal sense, layoffs are not supported. Therefore, we can only wait for these employees to retire and die of old age.

A large amount of money to bail out the economy has been used to maintain many lifelong employees who have become rigid in their thinking and have low motivation to work, and cannot be laid off. These employees, who do not do anything, eat up most of the company's financial resources. Later, when he joined, in fact, he was a person who did things, but he could not get the status of a lifelong employee, and he could not enjoy the benefits of the seniority sequence and gradually moving up the ranks as in the past. Because, under the condition that the economic efficiency of the enterprise is very low, it cannot lay off the kind of old people who do not do anything, and take the system that they have no way to do, so that in the future, the enterprise will avoid hiring lifelong employees or even long-term employees.

Resources are misallocated, resources that should be invested in the next generation of young people, are wasted in areas that sustain the elderly and are hopeless. It could have been possible to gain development opportunities by seizing new growth points, but now I am afraid that it is not possible.

In terms of choosing long-term social stability or making a more scientific and forward-looking transformation, the Japanese government is more inclined to maintain a stable status quo. Even if some enterprises do not generate profits, they are not allowed to lay off employees and continue to transfuse blood to them to maintain employment.

The old jobs are maintained, but in fact, the new ones are also stifled!

Because, if resources are invested in new industries, more promising ambitions and teams that want to grow bigger may grow more than those who have no hope.

So, young people of Japan, welcome that you have ushered in the worst years of the post-war era. The economy will stagnate and the jobs and credits that should have been your work will be taken over by the current group of old people. Employment opportunities are decreasing, long-term employment contracts are becoming less and less, and a large number of short-term employment contracts and temporary contracts will become mainstream.

For many years to come, it will be difficult for the stock market to see long-term investment opportunities. Note that I'm talking about a long-term bull market with long-term exponential growth similar to the one in the United States. Or a long-term bull market opportunity like the 50s~80s after the war in Japan, you won't enjoy it.

Real estate has been in the doldrums, and if you want to take out a loan to buy a house and make money, then I'm sorry...... This is the kind of thinking that Japan's real estate in the next few decades will not generate a return on investment, and if you take out a loan, you will only contribute your hard-earned money to the banks......

Therefore, I would like to advise you from the point of view of compassion not to invest in the Japanese stock market and real estate.

If you're going to invest in it, you should steer clear of the Japanese stock market, which will be one of the most difficult markets for decades to come. To be able to not be eliminated in this market, the professional index and psychological quality required are not as demanding as other markets.

The simple model of the market on the U.S. side, your side is ...... Hell Mode!

Of course, if you are a gambler and are not based on the logic of long-term investment, sharing growth to change your destiny, then I didn't say, good luck.

So...... What should young people in Japan do? I can only say one thing: Invest in yourself, what you can do and what you want to do, isn't there a bit of pressure? If others suggest you to do it, or if others work in a promising industry, your conditions are different, and it may not suit you!

Of course, I would like to mention some sectors that could benefit from economic stagnation.

Consumption downgrade, for example, Japanese products are more expensive, some low-end products such as clothing, shoes and hats, can be used as well as those produced in countries other than Japan, why use products produced in Japan that are ten times more expensive. Therefore, after the income of the Japanese people decreases, some products that do not have cost advantages will inevitably be imported in large quantities. For example, if you go from China to find some products with reliable quality and inexpensive prices, and then go to Japan to sell them at low prices, you may be able to make money, and maybe even make a lot of money.

To open an online store, for example, there is no need for a store, only a warehouse, and consumers send orders, and only send the goods by courier.

Send a courier package, don't laugh. It's certainly a job-generating business.

E-commerce site ...... For example, Tesco, which will soon be launched in Japan. This is a platform where consumers can search and buy goods online, and merchants can sell goods online.

The Japanese version of Tesco in the Japanese market, most of the mainstream sellers are local Japanese merchants, of course...... For example, if Japanese consumers like Chinese goods, they can order them across borders, but the shipping time may be longer......

By the way, it will soon be June 18th, and Japan's Tesco will be opened before June 18th, and promotional activities will be held.

In the past, buyers who held membership cards in our member stores under the New Venture Electronics Group could register as members of Tesco through the membership card login and activation. In addition, the money recharged on the new business membership card can be directly used as a wallet for online payment......"

Many people at the scene laughed, because Lin Qi's speech was also a chicken thief, and he took the opportunity to come over to advertise his website.