Chapter 246: Early Warning of Financial Turmoil
Due to the police cars driving the road in front and behind, the car soon arrived at a family community of the provincial party committee on the second ring road of Rongcheng City.
At this time, it was almost dusk, and Xiao Qi didn't sit long in Yu Chengsheng's house. Ji went home from work.
"Haha, Qi Shao, it's not easy to see you." After Yu Chengsheng and Xiao Qi shook hands warmly, they sat down as guests and hosts.
"Uncle Yu, you are too polite, aren't I busy doing business, now everything is waiting to be done, if I don't hurry up, my factory doesn't know when it will succeed." Xiao Qi smiled shyly.
"Tell me about what you have seen and heard in the United States and Japan this time, and you won't talk about business matters, lest you say that I leaked your business secrets in the future." Yu Chengsheng drank the ginseng tea brought by his wife and said slowly.
Xiao Qi knew what he wanted to hear, and thought for a while: "The development of the United States and Japan, especially in the area of high technology, is simply changing with each passing day. ”
"yes, I know." Yu Chengsheng said, "Because of this, you should be more bold and attentive to develop, our total economic volume has gone up, but our jishu content is far from enough, especially in an inland province like Shuchuan, which is a barren area." Xiao Qi, since you have a gift from God, then don't waste it, and bravely take on this kind of responsibility, whether it is for yourself or for our country and nation, you know? ”
"Yes."
Feeling Yu Chengsheng's strong expectation, Xiao Qi was happy in his heart. Ji has shown that he wants to support his own development, and the time and place have been occupied, at least it is also a successful haode start.
"As for the economies of the United States and Japan, the overall situation is not optimistic." Xiao Qi continued: "Due to the fierce competition in emerging markets. The cost of labor and resources in the country is rising, and their economy has entered a phase of negative growth. Especially in the United States, people are accustomed to swiping their cards in advance to spend, and everything they buy is to enjoy before paying...... If the economic situation is bad and their source of income is cut off, I am afraid that it will cause a huge shock. ”
Yu Chengsheng frowned: "Credit card consumption? Young people in our country. Didn't you start using money like this? Isn't that bad? ”
Xiao Qi said: "These are two consumption concepts, we have so much money to dare to spend in advance, and Americans dare to spend with cards regardless of whether they can earn money tomorrow." This is not the main thing, the main thing is that the US dollar is now the universal settlement currency of shijie, once the US economy has a huge shock, it is afraid that it will be a global financial earthquake, and then it will be affected, but not only oil prices. ”
zuihou in a word. That's what Xiao Qi really wants to say.
Since World War II, the U.S. dollar has been pegged to gold, and other currencies have been pegged to the U.S. dollar.
In the event of a financial crisis and a recession in the U.S. government, the easiest option for them is to achieve quantitative easing (QE) – or "money printing."
The result of the Fed's constant money printing. Naturally, the purchasing power of the dollar in the hands of countries will depreciate sharply, thus triggering a new round of monetary inflation. Greatly suppress the economies of various countries.
This is the reason why the future financial crisis of Weishenme will obviously occur in the United States, but it is China and Japan that will be hurt the most, and the foreign exchange reserves of the US dollar in the hands of these two countries happen to be the first and second in Shijie.
Yu Chengsheng learned a lot of financial knowledge through himself, but he still didn't understand it, fortunately, he had talked to Xiao Xu a few times before, so he knew a little bit about it: "Financial earthquake? I'm talking to your father. He said that if there is a financial earthquake in the past two years, it will be different from the financial turmoil of '97, no matter how it is done or not. ”
"It's different, I didn't enter China at all in '97, and it was a financial sniper war. Not a financial turmoil. Since he had decided to sell favors, Xiao Qi decided to go into more detail, "My dad doesn't dare to say too seriously, because our country has more than 150 million dollars in foreign exchange reserves, even if the dollar depreciates by 10% because of this, it will be a disaster for us." ”
After calculating what 10% of 150 million is, Yu Chengsheng's face also became solemn, "Qi Shao, you and your father are good at everything, but they like to do splendid articles in their stomachs too much, such an important thing, weishenme can't say it. What about ginseng? ”
"Now that the domestic economy is improving, exports and imports have hit new highs, are we not afraid of being attacked when we say this, saying that we can't see the country's development good?" Xiao Qi smiled bitterly: "In addition, although the financial crisis in Europe and the United States is coming, isn't it not yet coming?" The mindset of many people is that as long as it doesn't happen yet, we can take the opportunity to make a little more money in order to protect against the risk. ”
"Nonsense!"
Yu Chengsheng waved his hand, "Go back and tell your father that it is very irresponsible to only write articles about oil prices." I'll give him a week to write out my speculations and estimates of the financial crisis in Europe and the United States, otherwise he won't work and go home and do business with you. ”
Don't look at Yu Chengsheng's words so harshly, in fact, he just wants to squeeze the ability of the two fathers and sons.
The two didn't talk for long, and Yu Chengsheng's nanny at home cooked dinner, and Yu Chengsheng and Xiao Qi ate it on the table.
Yu Chengsheng has only one daughter, who graduated from graduate school in the United States, and now works as a teacher at an Ivy League university with her husband, with a good salary and benefits.
For a girl, this is enough, and Yu Chengsheng is also happy to let his daughter and son-in-law not have to struggle in the domestic network of sophistication, and just live easily.
Because his daughter is not there, Yu Chengsheng lives with his wife on weekdays, and because he is too busy with work, he will not feel much lonely.
But this is not to say that they don't like guests at home, as long as they don't come with a purpose, in fact, the two of them are very welcome, such as Xiao Qi is their welcome guest.
After being reincarnated and reborn, the young man has developed a mouth that can speak well, and he casually tells them some interesting stories at home and abroad, so that the provincial party committee can write it. The two of them listened to it with relish, and from time to time they also participated in discussions. (To be continued.) )
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