And most importantly, but it was the last straw that would have been the last straw for them, and the Hunt family's serious disruption of the normal economic order of the silver market would not only annoy the trading houses, but also anger the entrepreneurs who needed silver to maintain production. The pen "Fun" Pavilion www.biquge.info "Zhang Junyi calmly continued to tell the reason for shorting silver at that time.

"To give you a few simple examples at the time: Kodak needed to buy 50 million ounces of silver a year to produce film. In an ad in The New York Times, Tiffany & Co. scolded: "We think that those who hoard billions of dollars in silver are unconscionable." Therefore, at that time, the behavior caused by the Hunter family to seriously disrupt the normal economic order of the silver market was that some large groups that needed to use silver to produce photosensitive film did not want to see the price of silver soar, so many relevant manufacturers began to launch a public opinion offensive against this cabal that harmed others and benefited themselves. This led to the President of the Federal Reserve Bank of New York, Paul Volcker, having to warn the banks not to lend to silver speculators. “

"In early January 1980, the Board of Governors of the New York Mercantile Exchange was forced to intervene and for the first time in history limit the amount of buying and selling by large buyers. This regulation greatly restricted speculation, but other small and medium-sized speculators continued to raise the price of silver by buying it. On January 21, when the price of silver had risen to nearly $50 an ounce, the Board of Management of the New York Mercantile Exchange announced to frenzied silver futures speculators that from now on, only silver would be allowed to be sold, and silver would not be bought. This is tantamount to a fatal blow to the Hunter family. “

"Forty-eight hours after the New York Mercantile Exchange issued a lockdown, silver fell to $30 an ounce. For speculators who see the market wrong, the faster the price of silver falls, the worse their losses will be. As the price of silver continues to fall, more and more people are forced to sell silver, and brokerage companies are desperately trying to force the sale of futures contracts (close long positions). This caused a new round of sharp decline in silver prices. Many silver speculators were forced to delist as a result. A few days later, the Hunter family also had to make a margin call, which amounted to a staggering $900 million. “

But by mid-March 1980, when the price of silver had fallen to $20 an ounce, the Hunters, the conspirators, had pushed themselves to the brink of collapse --- had no money to close their positions. “

"Of course, I didn't expect the price of silver to plummet to nearly $20 per ounce, because I should have started to clear my position at $25 per ounce, but I still have to thank the Hunter family, because without their behavior of seriously disrupting the normal economic order of the silver market, I would not be where I am today!" Zhang Junyi said with a smile on his face, raising the wine glass in his hand and signaling to the three of them.

The four of them made a clinking gesture in the air, each took a sip of champagne in the glass, Bush Sr., Julian, and Allen did not skimp on their respective applause, Zhang Junyi's remarks all mean that Zhang Junyi, who was only 18 years old at the time, was bold and careful and accurate financial vision.

"Zhang, for your actions at that time, even when I saw your report before, I was shocked by your accurate and advanced vision and decisive decision at that time, in fact, what you said just now, many judgments can be deduced by many elites on Wall Street, but it will definitely not be as specific as what you just said, even if we know this information, we dare not make such a big determination to gamble!" Julian said solemnly.

"Everyone's position and stage are different and the decision is definitely different, as I said before, if I wanted to get the funds for the initial development, I had to gamble like this, because I had nothing, no funds, no connections, and I couldn't develop little by little like those who had a background behind me, because if I really did that, it was likely that some people would have swallowed up no bones left. Zhang Junyi shrugged his shoulders and made a helpless expression, and said self-deprecatingly.

"At that time, if I wanted to gain a foothold in a certain field of Xiangjiang, I could only directly develop my company into a completely self-sufficient ecological chain group company when no one noticed, you can imagine what kind of situation I was facing at that time, fortunately, it was you Wall Street predators who did not participate in this action that made me successful at that time, if you all participated, I guess I would not be able to earn much net worth, but I was eaten by you predatorsZhang Junyi's last self-deprecation aroused Julian's favor, after all, what Zhang Junyi said was indeed the truth in Julian's opinion, and he didn't tout anything about himself.

"Zhang, do you have any views on the economic development of our American Republic?" At this time, the elder Bush was also interested in Zhang Junyi's remarks just now, and he couldn't help but interject and ask.

In the face of Bush Sr.'s question, Zhang Junyi couldn't help but be silent for a moment; after all, Bush Sr.'s question was not easy to answer, and Zhang Junyi's poor answer did not mean that he did not understand the economic development of the United States, nor did he dare to answer, but that he was not sure to what extent he wanted to answer the question.

After all, at this time, he can't say nothing, if he doesn't say anything, it is likely to cause the unhappiness in Bush Sr.'s heart, although now because they want to win over and absorb themselves, Bush Sr. will not show anything immediately, but it will inevitably cause Bush Sr. to have any views on himself in the future, after all, Zhang Junyi knows that Bush Sr. will always occupy a high position in the American government for more than 10 years, and his son will also reach the top in the future。

After about ten minutes, Zhang Junyi suddenly coughed, and then began to say: "Mr. George, let me make a statement first, what I said is just some of my personal opinions, so if there is anything that cannot be said, you can include it in a while!"

Hearing that Zhang Junyi gave everyone a preventive shot in advance, the three of them didn't mind and nodded with a smile. "I think that if we in the United States want to continue to be the world's economic power, we must do the following:

First of all, the first thing our government should do is the country's overall economic restructuring, of course, what I am talking about here is actually our government's vigorous development of high-tech industries, only in this way can we occupy a favorable position on the starting line of international competition in future industries, so as to promote the transformation of traditional industries such as automobiles and steel, significantly enhance international competitiveness, and lead our country to usher in a "golden age" of future economic growth. Zhang Junyi said this, looking at the expressions of the three people, and seeing that the three of them had been listening to their speeches with serious faces, he couldn't help but smile bitterly in his heart, and thought to himself: It seems that if he doesn't take out something real here today, Bush Sr. probably won't give up easily.

Fortunately, Zhang Junyi has a relatively clear understanding of the general trend of economic development in the United States in the next few decades, so he will not appear timid here.

"First of all, let me talk about the background of economic restructuring: since the 70s, our country's economic restructuring has been carried out against the background of declining international competitiveness. Our country has been at a relative disadvantage in international economic competition for a long time, and the situation has changed dramatically from the late 70s to the present, under the fierce competition of small island States, the Federal Republic of Germany and a number of developing countries. “

Zhang Junyi didn't give anyone a chance to interject, took a sip of wine to moisten the profit throat and continued: "First, the two pillar industries of our country's economy - the automobile industry and the steel industry have suffered setbacks in competition and the situation has deteriorated, the automobile industry is the pride of our American industry, and the steel industry and the construction industry are called the three pillar industries, about 1/6 of China's employment is related to this sector, and American cars have dominated the world automobile market since the 20s of this century. However, in 1980, the small island nation produced more than 10 million cars, replacing our country as the world's number one car producer, while our country produced only 8 million vehicles. At the same time, small island cars entered the U.S. market in large numbers. In 1980, imported cars had already occupied 28.6% of our country's market, and the three major automobile companies of General Motors, Ford, and Chrysler lost $4 billion, and Chrysler was on the verge of bankruptcy. “

As soon as Zhang Junyi's words fell, even if Bush Sr. and others wanted to admit it, they had to nod heavily, after all, what Zhang Junyi said was true, and there was no way to deny the facts.

"And the steel industry, another pillar of our country's economy, was also in crisis by the end of the 70s. In 1979 the largest steel company in our country, American Iron and Steel Corporation, announced the closure of 16 steel mills, laid off 13,000 workers, and lost billions of dollars, and as far as I know, Bethlehem Steel, the second largest steel company in our country, is probably not much better off now, and if there is no strong improvement, I dare to conclude that many large companies will abandon the steel industry in the next few years. For more than 100 years, the steel industry has been a symbol of our country's strength, and the serious impact of its decline will far exceed that of the steel industry itself!"

Zhang Junyi's analysis made the elder Bush and the other three people smile helplessly even though they were shocked.

The shock is because Zhang Junyi has just come to the United States and can clearly understand the dilemma facing his country, especially the elder Bush, after all, Zhang Junyi just said these things but the government spent a lot of manpower and material resources to investigate, this report has just been put in front of him not long ago, for Zhang Junyi to understand the United States and his overall view, the elder Bush is surprised.

As for the wry smiles on the faces of the three people, it is a manifestation of everyone's helplessness that their country's plight was revealed by a young man under the age of 20, but they could not refute it. After all, what Zhang Junyi said is the truth, and these things have long been tacitly understood by the upper echelons of the United States, and even President Reagan convened many elites to discuss these matters some time ago, so the elder Bush is now pinning his identity on Zhang Junyi's remarks in his heart.

"The second point I want to say is that the competitive advantage of some of our high-tech industries has also been significantly weakened, and since the end of the 70s, the leading position of China's semiconductor industry has been threatened, and our companies have retreated from a monopoly position in the world market to a secondary role. In 1978, Chinese companies also owned 55% of the total global semiconductor trading revenue, while small island companies only had 28%, and last year, our American companies only received 48% of global semiconductor revenue, while the proportion of small island countries rose to 34%. The decrease in the proportion of the semiconductor industry in the world has directly led to the decline of our country's electronics industry. Today, more than one-half of the radios, one-third of the black-and-white televisions, and about 15 percent of the color televisions sold in the Chinese market are all produced by foreign countries. ”

"As for another high-tech industrial sector of our country, the civil aircraft industry, it is also subject to strong competition from European companies. Because I just customized a private jet last year, so I also did a little understanding of the civil aircraft market, last year the European Airbus company won nearly one-third of the world sales of wide-fuselage passenger aircraft and 1/4 of our domestic market in the United States, which shows what, this number just shows that the era of our American dominance of the world civil aircraft market is over. Of course, I personally contributed a little bit of data to our Boeing company in the United States last year!"

Regarding Zhang Junyi's factual argument analysis, the three people present also showed helpless expressions on their faces, of course, for Zhang Junyi's last joking words, the three of them still showed some kind smiles.

After all, supporting the industrial development of one's own country and contributing an order to one's own country will arouse everyone's favor no matter which country it is.

Of course, Zhang Junyi's remarks are also helpless, after all, from Zhang Junyi's heart, he still has an authentic red heart, but in order to be able to better develop in the United States, the foreign country where the world's largest power is currently the world's largest power, he can only stammer a little in front of others.

So thousands to 10,000, in this current era, my motherland is still relatively backward, and if I want to better help my country in the future, I can only gain a firm foothold in the world now, otherwise it is useless to say anything, although Zhang Junyi is forced to do this, but it is still quite bitter in his heart.

The backwardness of the country, coupled with the fact that he has no help behind him, wants to develop in a foreign country, and has to say some words that are quite contrary to his will, Zhang Junyi can't help but sigh in his heart, no matter how much money he has, he still has to say something against his heart at times.

"The third point I would like to say about the background to the need for adjustment of the economic structure of our country is that the national labor productivity has been declining, which fell by 1.2 per cent in 1979 and another 0.3 per cent in 1980. Personally, I believe that the decline in productivity growth involves a series of fundamental and structural problems in the national economy, and its impact on the external competitiveness of the United States is far-reaching, and for this the government must make long-term arrangements. “