In some articles that Jester has read in China in later generations, many articles say that the Plaza Accord is a Western country led by the United States to force the yen to appreciate, in fact, this is a big mistake, the essence of the Plaza Accord is that the United States requires governments to stop collecting dollars, in short, not to store so many dollars in reserves, and asking countries not to collect dollars can cause the dollar to depreciate.

As the only international currency, the importance of the US dollar in the world economy is self-evident, with the depreciation of the US dollar, then the currencies of other countries will naturally appreciate relative to the US dollar, because they are all based on the US dollar, so there is a saying that the Plaza Accord is to force the yen to appreciate.

In fact, within two years of the Plaza Accord, the German mark and the French franc doubled in value against the dollar, which was comparable to the appreciation of the yen, and the appreciation of the pound was slightly less, probably because Britain was also in a period of reform and transition during this period.

But the question is, why was the Plaza Accord a disaster for Japan and not for Germany? Even the Germans took on the task of rebuilding East Germany through the merger of Germany, after all, the Plaza Accord was born because of the economic strength of the two emerging post-war countries, especially in terms of export trade.

Of course, that's another issue.

Jester said that if the U.S. government really did this, it would be a conspiracy against Japan or Germany, and it might be inappropriate to say that the conspiracy was not appropriate, and that it might be better to say that it was a conspiracy, but the difference was whether the two countries could continue to follow the script that the Americans had arranged for them.

It turned out that the Germans did not, and the Japanese went.

Many people talk about the Plaza Accord when talking about this event, which was crucial to the world economy in the mid-eighties, but intentionally or unintentionally, ignoring the signing of another two years after the Plaza Accord.

What the Plaza Accord wants to do is to depreciate the dollar, and then reverse the trade deficit of the United States, so as to revitalize the world economy as a whole, but judging from the two years since the signing of the agreement, except for the appreciation of the currencies of various countries has caused a certain impact on the exports of various countries, the trade deficit of the United States has not changed in a large way, so in 1987, in Paris, France, this time it was the G7 member countries that jointly signed a new agreement, the Louvre Agreement.

The content of the Louvre Accord is basically the exact opposite of the Plaza Accord, which calls for the depreciation of the dollar, and the requirement of the Louvre Accord is to stop the depreciation of the dollar, but the problem is here, once a thing starts and forms an inertia, it cannot be solved so easily.

Sandy. Will looked at Jester with a flickering gaze and didn't know what he was thinking, and Jester had been sitting silently on the side, not taking the initiative to speak, so that the other party could carefully understand what he meant by shearing sheep, and after a long time, Sandy. Will seemed to have a look of understanding on his face, and the way he looked at Jester became even more uncertain.

Now that there is a lot of talk about the depreciation of the dollar, it is not surprising that Jester can know that the federal government will make a big move on this, but he is surprised that Jester can see so many things in the depreciation of the dollar that ordinary people can't even imagine, for example, as he said, if the United States really contributed to the depreciation of the dollar, then this is the beginning of a conspiracy for some countries.

With a deep groan, Sandy. Will hesitated and asked, "Jace, you said shearing sheep, so where is that sheep?" Western? Or the East? ”

Jester smiled, and he replied indifferently, "Grandpa Sandy, does it make a difference?" No matter which of these two countries goes according to our established script, there will be no difference in the ending, of course, I am more optimistic that the country in the east will go according to the established script. ”

Hearing Jester's reply, Sandy. Will nodded silently, apparently, he thought so too.

Although it is two sheep, these are two extremely healthy sheep, jumping around, and the American breeder cannot use weapons to slaughter and then cut the sheep because of various restrictions, which loses the meaning of captivity, so if you want to shear these wools, you naturally have to find a way to make these two sheep no longer so healthy and so lively.

The problem lies here, if the economies of these two countries continue to follow this model of security and stability, it is obvious that it will not be able to achieve the situation that the United States wants, so the US government must add a little variable in the middle, in fact, this variable can only be said to be an introduction, and the impact on these two sheep does not depend entirely on the control of the Americans, and what the outcome will be, is the choice of these two sheep themselves.

Otherwise, the United States will have nothing to do with them.

The Germans and the Japanese chose completely different ways to deal with the situation after the Plaza Accord in order to ensure the strength of their own domestic economy, and the result was that the Germans were insignificant, while the Japanese collapsed ten years later, and the story of the lost decade has been widely spread ever since.

These things are too far-reaching, and Jester doesn't need to say it, he came to see Sandy this time. Will's business is not about that, either.

Therefore, Jester took the initiative to change the topic, and he did not beat around the bush, but went straight to the point: "I heard that Grandpa Sandy plans to start a new business before, I don't know if I can participate in one?" ”

Hearing Jester's words, Sandy. Will laughed.

He knows how big the current Jester family business is, and what he needs most if he wants to make a comeback is money, although after he was swept away from Yuntong, according to the agreement signed before, the compensation he got is not small, at least it is not a problem for him to live a rich life in peace, but this is not the life he wants.

But this money is too scarce for wanting to set up a financial company that he can put in his eyes, in the original history, in the eighty-five to eighty-six years of more than ten months of unemployment, it was precisely because of the lack of start-up capital that he did not immediately start to make a comeback, but until eighty-six years, when the two treasurers of the commercial credit company took the article "Sandywell: A Rare Manager" in the "Fortune" article that Jester said, he came to visit, and then let Sandy. Will seized such a once-in-a-lifetime opportunity.

Sandy. Will didn't directly say yes or no, but instead asked Jester with a smile: "Do you think that if I, a loser who has been swept away by Wall Street, want to prove to those stupid people who steal high positions that they kicked me out of the game wrong, then where should I start?" ”

Jester is not a great financier, he doesn't even know how to understand finance, but he has one thing that no one else can have, that is, he is familiar with and knows some crucial things. Will asked, Jester unhurriedly took out a pen from his pocket, carefully and seriously in Sandy. In the sidebar of the New York Times, Will opened the New York Times with the name of a company in the blank space, and circled the article he had discussed with the other party about Japan's trade surplus and the United States' trade deficit.

"Commercial Credit Corporation?"

Sandy. Will looked at Jester's name for the little-known company, and he even glanced at Jester with some surprise again, in fact, if it weren't for people in the financial circle or people who didn't know much about the financial world, they would never know anything about this already troubled company.

Jester knew about the Commercial Credit Corporation because of Sandy. It was here that Will started, and the predecessor of the famous Travelers Group, which was also the predecessor of the company, which was already unable to make ends meet. Will asked rhetorically, he nodded firmly, and repeated what the other party had just said, the difference was that Jester didn't have any doubts.

"Yes, Business Credit Corporation."

Sandy, who gets Jester's accurate answer. Will was the first to groan, he knew about this company, in fact, before he left the company, he knew many things about the commercial credit company, at that time the business credit company was interested in the commercial credit company, and the parent company of the commercial credit company, the number of jùkong zhì company, was not satisfied with the loss of the commercial credit company and intended to sell.

This thing Sandy. Will was responsible for a part, and he patiently conducted a comprehensive investigation of the commercial credit company's market assets, operations, and service quality. Through the fog of dust, he saw a little-known high-energy core, with enough energy to shake the entire financial services industry.

Indeed, at the time Sandy. In Will's eyes, the Commercial Credit Company was a buried gold mine, but before he could submit the report of the investigation, there were rumors in the company that he was going to sweep him away. Will has also been holding it in his own hands, and Yuntong and Shukong Zhì Company have not negotiated because of some acquisition problems, and this acquisition has not been completed.

In Sandy. In Will's eyes, the Commercial Credit Company is indeed the most suitable tool for him to make a comeback, and it is also the most suitable tool for him to take revenge on the Amex Company, but the problem is that although the Commercial Credit Company is no longer what it used to be, their stock price is still twenty dollars, and according to his own financial resources, it is impossible to complete the acquisition.

Jester knew that in the original history, Sandy. Will was able to complete the acquisition of the Commercial Credit Company because in the second half of '86, the company really couldn't bear the company, and directly sold 92 percent of the shares of the commercial credit company they held, directly causing the stock price of the commercial credit company to plummet from $20.5 to $5. Will also made a purchase at this time, but it only cost seven million dollars.

And even those seven million dollars are still Sandy. Will's entire net worth, Jester remembers when he watched this story, Sandy. Will's proudest disciple, the future helmsman of Da Mo, and the owner of JPMorgan Chase, the only profitable Bank of America in the subprime mortgage crisis of '08 -- James Brown. At this time, Dimon also invested four or five hundred thousand dollars to buy the shares of these commercial credit companies that were worthless in the eyes of others.

He even had a relationship with Sandy. Will joked with each other that this was all our property, and that if we lost, we would have to go and ask for food.

Who knows just the first year in Sandy. Under Will, who is known as the greatest manager of the twentieth century, the net profit of the Commercial Credit Company exceeded $40 million. R1152