Chapter 316: The Rich Second Generation of Culture
The United States is a country that is very keen on exporting "revolutions" and is also a country that is very good at sabotage, and it can even be said that the United States is keen on creating incidents and creating regional chaos in order to maintain its international hegemony. Pen % fun % Pavilion www.biquge.info
Especially when the United States encounters its own problems, the United States has a greater need to disrupt the world and let international capital flow back to the United States.
After the 2001 tech bubble crisis, the United States launched the Iraq War, which caused chaos in the Middle East, and at the same time that international capital flowed to the United States, the stock market in the United States rebounded rapidly, driven by the military, oil and energy sectors, creating a seven-year war boom.
Like the Reagan era, this is a marked era for the Republican Party, with a surge in national debt and lax financial regulation.
History has repeatedly proved that all war booms become bubbles, and from 2001 to 2008, the basic factor of the US economy was not to get better, but to get worse, and the main growth point of the economy was the real estate industry.
In the 90s, the American real estate tycoon Trump once lost his fortune, and it was in these seven years that the salted fish turned over and turned a profit again.
The net worth of this real estate tycoon is probably more than 3 billion US dollars, in fact, the cash that can be taken out is at most several hundred million, and when he later participated in the US presidential election, he personally took out more than 70 million US dollars, which is already a big gamble.
In short, the subprime mortgage crisis in 2008 caused extremely fatal damage to the US economy, because there were long-term structural contradictions in the US economy, and during the eight years of George W. Bush's administration, not only did not resolve the contradictions, but also deepened and expanded the contradictions, to the point that they became stubborn diseases.
The eight-year boom has only temporarily masked the problem, and has made it more complex and more far-reaching, widespread, and ultimately a global economic crisis.
If a normal country is hit so hard by the subprime mortgage crisis, it will be the same as Japan in the 90s, the economy has completely collapsed, and there is no ten years to recover at all.
The United States is different, the United States exports problems, internationalizes, and all countries share the trauma for the United States.
At the same time, the United States is actively creating problems in the Middle East, Russia, and China, creating three extremely chaotic regions in an attempt to force regional turmoil and force international capital from these regions to flow back to the United States.
This is the legendary sheep shearing.
After the subprime mortgage crisis, international capital fled the United States on a large scale, to China, to emerging markets, and to the BRIC countries.
The confrontation between the United States and Russia, the push for NATO advances, the color revolution in Ukraine, the cutting off of Russian gas export pipelines, the revolution in the Middle East, the support of the "homegrown democracy" movement in Hong Kong, the more threatening military exercises in South Korea, and the intensification of tensions on the Korean Peninsula -- all for one thing, to raise interest rates.
The United States has bet heavily on shale oil and shale gas, hoping to promote the rise of oil and natural gas prices, and drive the growth of the United States economy by a few points.
Cutting off the export pipeline of Russian natural gas, driving up natural gas prices, and promoting a new round of war in Libya, Iraq, and Syria, prompting the rise of oil prices, thereby promoting the surge of US stock indexes, especially the shale oil sector, and then driving the US economy to recover.
This is a necessary condition for the Fed to raise interest rates.
It's a pity that at the critical moment, the United States did not have that national fortune.
The US authorities have exhausted their calculations and actually created a refugee problem, which has made the already crippled Europe even more crippled, and the three major engines of the global economy, Europe collapsed first, and there is no end in sight, on the other hand, international capital and China's state credit have supported a number of new oil-producing and gas-producing countries.
The United States has been tossing for so long, oil prices not only did not rise, but fell outrageously, and the shale gas and shale oil sectors with high hopes not only did not drive the US stock market to soar, but instead drove the Dow Jones index to fall continuously.
This is really a fist in the sky, how can it be embarrassing!
The worst thing is that the United States thinks that shale gas is a new technology, at least 20 years ahead of the world, but I didn't expect that the rabbit actually turned this thing into cabbage, and the core equipment can be made by both China and the United States.
That's embarrassing.
The situation is so bad, the Fed can only talk about raising interest rates, and the first thing I do when I get up every morning is to shout to the global media, I want to raise interest rates, and pray to Allah before going to bed at night to reverse the fortunes of the country.
In the last four years of Clinton's reign and the eight years of George W. Bush's administration, the US industry basically collapsed, and basically left the aviation, military industry, semiconductors, and pharmaceuticals...... The actual number of jobs created by these high-tech industries is very limited.
After 2008, GM and Ford's automobile industries moved to Mexico, leaving only one CBD assembly plant in the United States...... GM is the most exaggerated, even the assembly plant does not plan to stay in the United States, and the American auto workers union is very stiff, almost on the verge of a rush.
Chrysler didn't move, it collapsed.
To tell the truth, Chrysler doesn't want to move the factory, and it costs money to move the factory, and Chrysler can't get this money.
The situation is so bad, unless China's economy collapses, or a hard landing, the United States is really out of options, and whoever comes to power is the same.
Shopping malls are like battlefields, and the game between countries and shopping malls is the same thing, almost the same.
The game between China and the United States, in the final analysis, depends on who has more money, don't look at the high market value and total assets of the United States, but there is no cash in hand, and there is no capital flow.
China's market capitalization is low, only 1/2 of the United States, the key is to have funds in hand, and there are many reserve funds.
The game between companies is the same, don't look at Goldman Sachs, Morgan, Ford are world-renowned, in fact, there is not much reserve funds in hand, when the card is zero, you can only sell assets, in exchange for some pocket money emergency.
Don't look at the Huayin Consortium like an upstart, having money in your hands is the last word.
Xu Teng asked Goldman Sachs to step in and assist the Huayin consortium in acquiring the assets of several auto brands held by Ford Group, which was a breeze for Goldman Sachs, especially at this moment.
It's a big deal, and if the deal goes through, Goldman Sachs could make at least a few tens of millions of dollars in profits.
No matter how small a fly is, it's meat, and tens of millions of dollars are money.
Goldman Sachs doesn't say much this year, as long as it can come up with a net profit statement of $1 billion, then even if it is the real king of Wall Street, it can make a profit in this situation, so what's the point?
More than ever, Goldman Sachs and Wall Street need to be friends with the Huayin consortium and lobby for a real super moat -- China to introduce a huge economic stimulus policy to save many international investment banks from the fire.
Don't count on the United States for the time being, it is a blessing in misfortune to be able to ensure that the economy does not collapse.
Xu Teng arrived in the United States during this period of time because he wanted to witness history with his own eyes, to see this great moment, to see the historic moment when the United States turned from prosperity to decline, which is a turning point in history and a turning point in national fortunes, which only Americans themselves cannot perceive.
The United States will never be second?
Phew!
Don't look at the large population of the United States, the new labor force, do you have a job?
Although Xu Teng has an MBA degree from Cheung Kong Graduate School of Business, he is still a student of Jiang Ningyuan -- this teacher-student relationship is obvious and clearly marked on all public information on the Internet, but he is far from the standard of an economist.
He was just an entrepreneur, a capitalist, a banker, a businessman.
In his view, the problems of the American system are so deep-rooted that they cannot be changed, and there is no way to carry out comprehensive reforms like Roosevelt's New Deal.
We cannot carry out reforms, we cannot carry out comprehensive structural reforms, but we can only pin our hopes on the collapse of China's economy, on raising interest rates, and on the return of international capital -- the United States will be doomed sooner or later.
What other tricks does the United States have besides interest rate hikes and high-tech blockades?
As long as China's economy stabilizes above 6.5% for a long time and international capital continues to pour into China to promote the internationalization of the renminbi, the United States should not expect to raise interest rates sharply to shear China's wool.
Not a single bird feather can be cut.
The United States can only cut Brazil, Argentina, and South Africa to continue its life, but unfortunately, it will not quench its hunger.
As for the high-tech blockade, this is a joke.
China has money, not to mention the central government, and the Huayin consortium can overcome most of the technical difficulties in the semiconductor and new energy industries on its own, and China also has people, 1.3 billion people.
In China, the average annual price of hiring an excellent scientific researcher is about 100,000 yuan, and the annual salary is 300,000 to several million yuan.
This is a huge scientific dividend.
As an entrepreneur and a No. 1 capitalist in China, Xu Teng is very confident in China's economy.
At this historic moment, Xu Teng went to the United States and came to the bottom.
I can't help it, I have money in my hand!
Trench!
Quite a trench.
In the United States, Xu Tengzhu's high-end five-star business boutique hotel is his own industry, and he only takes Rolls-Royce by car, although it is not his own industry, but it is also the second largest shareholder.
Not bad.
Now there is only money left in hand, and Huateng Company has officially bought 20.37% of the shares of BMW Group from the name of Phoenix Capital Company, second only to the Quandt family, which is only 10 points lower.
At the difficult moment when the American capitalists were collectively rolling all over the ground, as a rich second generation and the chairman of the Huayin Foundation, Xu Teng fell from the sky with a money bag and a checkbook.
The merchant girl doesn't know the hatred of the country, and she still sings the backyard flowers across the river.
This is obviously a turning point in the history of the United States, in New York, the social gatherings of the upper class continue to be carried out, Americans are very good at playing, and the social gatherings of the upper class are either political issues, or charity and environmental protection issues.
As a staunch supporter of the Republican Party, Miss Elizabeth Holmes continues to host fundraising evenings for the Republican Party's Super Political Action Association at this time of crisis.
There is no doubt that she is a supporter of former Massachusetts Gov. Mitt Romney, but she has no hesitation in supporting Senator McCain out of interest considerations, because Senator McCain controls the Senate's Foreign Affairs Committee and has enormous influence over the Foreign Investment Monitoring Board.
Miss Holmes has been a fundraising star in the Republican Party for the past four years, funding the election of six Republican senators and eleven members of the House of Representatives, especially in George W. Bush's re-election election four years ago, where she is widely recognized for her contributions to the Republican Party.
Miss Holmes hosted a new fundraising banquet at the Waldorf Astoria this evening, and even in New York, where the Democratic Party is stronghold, it attracted a large number of capitalists and philanthropists, most of whom were elderly whites, and elderly couples with huge fortunes.
The vast majority of these old couples are inseparable from the military industry and the oil industry.
Xu Teng arrived very early, sitting at the third row of the banquet table, which was not too eye-catching, surrounded by Chinese New Yorkers, Chinese entrepreneurs from New York, members of the city council, partners of investment banks, senior engineers of IT companies, one of whom was the founder of ATI company.
The American media, including the international community, has the illusion that the Democratic Party, which is accustomed to representing minorities, naturally owns all the votes of Chinese Americans.
On the contrary, this has not been the case in recent years.
In the past decade, the Chinese in the United States have leaned more and more towards the Republican Party, because since President Clinton, the policy of the Democratic Party in the United States has become more and more inclined to support "minority groups", Latinos, African Americans, and in education, work, and medical care, they are greatly inclined to these ethnic groups.
The Chinese are the most hurt ethnic minority in the United States.
For example, it is several times more difficult for Chinese to be admitted to Harvard than for African Americans.
To put it simply, Hispanics and African-Americans fully support affirmative action, while the Democratic Party is the main promoter and defender of affirmative action, and Chinese Americans have no choice but to choose the Republican Party and oppose affirmative action.
This is also the core problem that Stanford University and Caltech have a particularly large number of Chinese-American students, and that Chinese and Asian-American students in the Ivy League can never exceed the 15% quota, and the Ivy League is on the left and has been one of the supporters of affirmative action.
Today's fundraising banquet is ostensibly in support of Senator McCain, but in fact it is more of a silent fight against affirmative action.
The Chinese in the United States do not care that the government gives most of the benefits to African Americans, nor do they care that the government mandates the hiring of more African Americans and Hispanics, the Chinese care about the Ivy League quota for Chinese Americans, a problem that American high society will never recognize, but everyone knows.
There are a lot of Chinese American students at Caltech, and sometimes, it can exceed 15% in an academic year, and even more than 30% for the entire Asian population combined, so almost every year, Hispanic and African-American NGOs hold rallies and protests near Caltech.
Among the top ten universities in the United States, Caltech is the only university that does not support the quota system, and it is called a refuge by Asian Americans, which means that they cannot apply for the Ivy League, and the first choice can only be Caltech.
Such a one-of-a-kind refuge is considered a violation of human rights by both Hispanics and African-Americans.
American politics is indeed more complicated.
Xu Teng roughly understands this, this time he happened to go to the United States, and chatted with everyone by the way, all at the same table, mostly speaking Chinese. After chatting for about ten minutes, he received a text message from Miss Holmes and got up and went to the small restaurant next door to the hotel lobby.
Mr. Bill Ford, the chairman of the Ford Group, who is much younger than the chairman of Goldman Sachs, is in his forties, after all, he is the heir of the Ford family and the great-grandson of Henry Ford, the founder of Ford Company, and has a fast start.
Two years ago, Bill Ford had just become chairman of the Ford Group, which was not long in office, and he suffered a blow to the head.
Family to family, gentleman to gentleman, are rich two rich three rich four generations, and there are still a lot of common languages.
The two made an appointment at noon and dined together in the evening.
Ford's current crisis is mainly in its financial institutions, which are deeply affected by the subprime mortgage crisis, and the situation of debt default is urgent, and another problem is that all banks in the United States are not adding new loans.
Debts that fall due must be repaid, and new debts are not issued.
The impact is quite dire, and almost all American companies will be hit hard.
This is not a problem for the United States, but for the world's major banks to tighten across the board, and Ford, as a global auto giant, faces a very high risk of defaulting on its debt.
It is impossible to borrow money during this time period, even if it is a well-capitalized Asian bank, because everyone knows that in the next few years, Ford's car sales in the United States and around the world will fall sharply.
Xu Teng's Huayin Consortium is not an automobile company, but a Chinese Yinruida consortium, and the automobile industry is only a branch of the Huayin Consortium, and the foundation and true face of the Huayin Consortium is a bank.
Huayin Consortium is not only a bank, but also an investment bank, a securities company, an insurance company, and a comprehensive multinational financial services group.
Xu Teng talked with Bill Ford for half an hour, and the original plan was to provide a medium-term loan and buy some branches of the Ford Group at the same time, but instead talked about investing in the Ford Group.
Ford Group urgently needs $3 billion to meet the debt risk due in the next two months, but Bill Ford has been reluctant to tell Xu Teng how much debt Ford Group has left to mature in the second half of the year and next year.
It's a pit.
In case the shareholding is successful and becomes a major shareholder, as soon as the accounts are checked, there are still tens of billions of debts waiting to be repaid, Xu Teng can almost hang himself.
"I know that at this trying time, you are not willing to take any risks and categorically cannot let outsiders know about the debt crisis of the Ford Group. On the other hand, you are a public company, you can change the rules of the communiqué on the audit, but we can always find out. Xu Teng said a perfunctory sentence casually, still pondering in his heart, and talked about the issue of investment and shares for no reason, which is really a bit inexplicable.
Could this be the fate of the legend?
Fate is coming, but you can't stop it, or is your personality too charming?
Wrong.
Obviously, Ford's debt crisis is very severe.
Xu Teng roughly estimates that, at least in Bill Ford's view, the probability of Ford's collapse and bankruptcy is more than 30%, or even 50%, and doing business, especially this century-old enterprise, even if it is a 10% risk of bankruptcy, it is absolutely impossible to bear it.
"China is a great emerging market, and we all know that Ford doesn't have any advantage in the Chinese market, and we also know that even though your company is a local company and has an alliance with BMW, it has not been able to effectively develop the local market. So, I believe this is a great opportunity to work together and we can join forces. "Chairman Bill Ford's serious nonsense has found a very beautiful reason to prove that he is trying to absorb Chinese capital for the long term, and he is by no means blaming Xu Teng.
"It's certainly a clever strategy, I agree with it, but I have to point out that we can do our best, we just lack the time, and we have the time and the patience. Xu Teng seemed to have rejected the proposal to take a stake in Ford, and did not think it was necessary to cooperate with Ford, "but......!"
Xu Teng is going to have a god turn.
"I can invest in Ford for reasons that don't have much to do with the Chinese market, because I believe I can trust you. Every business needs a leader who dares to take responsibility, who may not be handsome or knowledgeable enough, but when the crisis comes, he is certainly the one who never gives up. I believe you are the leader that Ford needs, and you will never throw in the towel and will not give up. ”
"That's my judgment, and my judgment is worth at least four billion dollars, and if you need money urgently to solve your current situation, I can go to you tomorrow with a check, and of course, you have to have an agreement that appeals enough to me. Xu Teng raised his glass and invited Bill Ford for a drink.
Wow?
Caught a scapegoat so easily?
Chairman Bill Ford couldn't believe his eyes and ears, could it be that fate had come and he couldn't stop it?
He thought that the other party would easily refuse, but he didn't expect that it would be so easy to negotiate the intention of cooperation.
He was stunned, forgot to raise his glass, couldn't come back to his senses for a while, he didn't know the reason, he even felt that the other party was cheating, and the person who was deceived was probably him.
"My family bought 14 historic wineries in Europe, this one is my favorite, in 1590, when the Lestonnac family, a small nobleman from Paris, bought the Margaux estate on the left bank of the Bordeaux River, no one believed that he could make the best wines from a ruin, but today, we all know that the ancestors of the Lestonnac family bought a really good piece of land, which has been the best wine producing area in France for more than 400 years. ”
"I'm young, but I already have children of my own, and in six months I'll be a father of two, and in a few decades, I'll be a grandfather. At that point, I hope my grandson will tell someone that his grandfather bought a piece of land when he was young, and it was called the Ford Motor Company. "Xu Teng has always been a very elegant male god at this moment, as well as over the years.
Noble, never arrogant, calm, never cold-blooded, calm, never slow.
He said a very beautiful allusion, "I may not be able to buy the whole Ford Motor Company, but if Ford doesn't mind, the Huayin consortium is willing to become the majority shareholder and take all the risks with the Ford family and the Ford Company." ”
Of course, Xu Teng's bid could not be too high.
You get what you pay for, this is a rotten thing that doesn't know when it will explode, if it weren't for the conclusion that Ford can get out of the quagmire, Xu Teng would not have bought a dime of Ford's shares.
These were just new lines that came to his mind, and don't forget, he was a writer, a science fiction writer.
"Wow, you've been the best banker I've ever met, the most discerning investor I've ever met, and right now, I really believe we should have a very long-term and close collaboration. "Chairman Bill Ford really believes that fate is coming, and it can't be stopped.
In times of crisis, no one dares to be conceited and noble.
As strong as Ford, we have to admit that the situation is stronger than people, and now there are bankers who dare to borrow money from Ford, and there is not a single one in the whole Wall Street, but fortunately, the great God sent a fortune boy.
Compared with his Chinese counterparts, Xu Teng has the richest man in Asia, a high-tech upstart, the chairman of a Premier League giant, and a banker...... A series of super auras, the most important point, the one that Americans recognize best, is the heir to the-shunfamliy.
Clan.
Consortium family.
In European and American culture, it is a symbol of nobility, a symbol of nobility, a symbol of reliability, a symbol of inheritance, a symbol of history, a symbol of true superiority.
In short, the second generation of wealth and the third generation of wealth...... The rich five generations are the most freaked!
Therefore, the second red person, the second rich person, and the second official person are particularly easy to enter the upper class society of the United States, because the American society and culture are superstitious about this, and the Bush family is a model; as for Xu Teng, a rich second generation who can inherit tens of billions of dollars in assets, has culture, thought, connotation, technology, style, taste, cultivation, and appearance, it is even more quite a rit. (To be continued.) )