Chapter 548 Painstaking management
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In New York, USA, the north wind is howling and the snow is falling. In a villa on the west side of Long Island www.biquge.info, the music is melodious and the laughter is played. Christmas is approaching. Zhang Xi and his wife were giving a banquet to representatives of several major chaebols.
At the beginning of May, after Zhang Xi and his wife entered the United States with huge sums of money, it was a period when the stock market, futures and real estate markets were rising one after another, and prices were climbing to a new height every day, speculation was extremely prevalent. Ill-intentioned economists use their position and authority to fan the flames, predicting that the US stock market will continue to boom, and all the securities institutions will contribute to the flames at the same time, and Wall Street will create new miracles of wealth every day.
As early as two years ago, An Yi got in touch with the DuPont Group in the United States through Ou Yaoting, and proposed the concept of "synthetic fibers" in the basic chemistry. Especially the prospects of the "Nylon" series of products. Impressed by DuPont Director Steen, he immediately submitted his proposal to the Board of Directors and received the full support of Chairman Pierre and General Manager Irene .
DuPont soon established the Institute of Basic Chemistry at its headquarters in Wilmington, Delaware, and hired Dr. Carothers as the head of the organic chemistry department, with the exploration of polymers as the main research direction of the organic chemistry department. Last year, we successfully developed Juku Knee Injury, and the research of synthetic fibers has taken a big step forward.
The reason why An Yi selflessly contributed this golden idea to make money is that his chemical knowledge is almost black, and he has no way of knowing the production process and process of "nylon" and other items, let alone the specific chemical equations. He has a trace of memory of "nylon" products in his mind, which is completely when he applied for a job in the repair paint department of DuPont China Group after graduating from vocational and technical colleges. At that time, he had read the information of the DuPont Group in detail, and also specially checked the family history of the DuPont Group on the Internet, and knew that "nylon" stockings were once the trump card products of the DuPont Group. In his memory, DuPont had already begun to prepare for the project during this time, and it was better to point the way ahead than for DuPont to figure it out on its own. Partnered with DuPont.
After entering the United States, Zhang Xi and his wife quickly took advantage of the DuPont Group's connections and good cooperation with foreign consortia in Nanchang and Shanghai to hook up with other major conglomerates, such as Rockefeller, Morgan, and Mellon. During the surge from May to mid-October, the more than $20 million that Zhang Xi and his wife brought with them took advantage of the principle of carrying the pole that prevailed in the US stock market, and the market value of the stocks in their hands increased almost tenfold, and then sold them all before the stock price peaked 20 days.
Pharyngeal year o moonrise day Thursday. The economic crisis broke out in the United States, and stock prices plummeted that morning. But with the support of bankers, the stock price has recovered. On Tuesday, the stock market finally collapsed with a trend of not being saved, and since then it has been a panic enveloping Wall Street with an average of a little late every day.
Those who attended the banquet today were the representatives or heirs of several major chaebols who were reminded by Zhang Xi to avoid huge losses in this stock market crash.
"Zhang, it's really hard to believe, how did you accurately predict that the time of the crisis would be in late October?" Lawrence Rockefeller, who has just turned 19 this year, has deep memories of the stock market crash during this time, but he does not understand why the economic crisis exploded.
Zhang Xi naturally did not say that this was explained by An Yi repeatedly, but talked eloquently according to his own understanding:
"In fact, I am also walking on thin ice when it comes to the stock market, afraid that my predictions will be very wrong. All of us here understand that sooner or later the stock market will fall, but we don't know which day it will be. During this time, whenever I thought of the events of my birth on the 24th and 29th, I also broke out in a cold sweat and had palpitations in my heart. After consulting a lot of information, I have summarized the following points.
First, from the beginning of the two or three years, the loan business in the United States has grown, the number of securities has increased fivefold, and the price of stocks has tripled, while during this period industrial production has only increased by one percent, which makes stock prices inflated, and it is only a matter of time before they collapse.
Second, from 21 to 29, productivity increased, but the real income of workers rose only one time, and the income of peasants, who accounted for one-fifth of the total population, was less than 4 percent of the income of workers, and about half of the country's households were still struggling at the level of dollars per year, and one-fifth of the families had an annual income of less than milk dollars, resulting in weak domestic demand, the inability to sell what they produced, the accumulation of contradictions deepened, and the inevitable collapse.
Third, after the war, the United States turned from a debtor country to a creditor country, and the recovery of war debts and a huge trade surplus made the United States account for half of the world's total gold reserves. The United States economy and financial sector have been severely shaken by the fact that debtor countries have had to import goods from the United States as payments are due, and some countries are in large arrears.
Of course, there are many other reasons, such as poor banking supervision, which has led to a large number of credit loans not being cashed, government non-intervention in the economy, and high unemployment due to a severe shortage of factory operations, all of which prove to us that there is no basis for high-flying stocks to support themselves. β
Steen, the director of the PunduPont Group, clapped his hands and applauded: "Zhang, your understanding is very thorough, and it is better than the analysis of our group's professional economists." However, these problems you mentioned are difficult to solve for a while, so is the economy just going bad?
Steen's question attracted the attention of many people, Zhang Xi thought about it, shrugged his shoulders and said, "I don't know how to solve it, in my opinion." Either the state will come forward to formulate relevant policies to help save them, or God will solve them. β
Everyone sighed and shook their heads, obviously not satisfied with Zhang Xi's answer.
Lawrence Rockefeller lamented: "Despite your reminder, our Citibank, Manhattan Bank and other banks still suffered heavy losses, and many investors did not repay their loans in time, and they were unable to repay them after the stock market crash, forming dead debts and bad debts, and their operations were extremely difficult." Now that the stock market is in a downturn, more and more enterprises are going bankrupt and closed, industrial and agricultural products are backlogged, and the economy is not improving in the slightest. β
The young, handsome and blue-eyed Harry Morgan walked over: "That's right, although our Morgan Bank has always adhered to the rules of the industry and strictly controlled lending, it was still seriously damaged in this stock market crash, not to mention that its turnover has dropped sharply, and its net worth has almost shrunk by half. Especially the remarks of our partner Lamont on the day of the stock market crash. It has seriously damaged the trust of the people in our Morgan Bank, and my father is now under tremendous pressure. β
As he said this, Harry Morgan glanced behind him with some weakness.
Zhang Xi knew the origin of the Lamont incident. At noon on Black Thursday, the stock price plummeted. The current state of panic selling, Wall Street bankers once held a brief meeting. The meeting, chaired by Tom Lamont, a partner at Jack Morgan, insisted that the stock decline was a technical correction and advised a terrified President Hoover to take it lightly. At the end of the meeting, the decision to spend hundreds of millions of dollars to save the market was made, and the stock market was successfully held up in the afternoon of the same day. At a press conference at the end of the trading day, Tom Lamont made one of the most memorable understatement in the history of American finance: "There was a little unpleasant sell-off in the stock market." At the same time, Lamont also indifferently attributed the market decline to a "market correction" and spoke of "airbags" in the market. In extremely ambiguous terms, he said that the market was "very sensitive to good signs", which led to no major crisis in trading on Friday and Saturday. Still, those who had been thinking about Lamont's speech on Sunday's rest day were the same, and on Monday they went straight to the stock market to sell their holdings, and AT&T, which led the stock market rally, fell on the same day, and General Electric fell its office, and the market and public trust in bankers collapsed at the same time, which directly led to the complete collapse of the stock market on Black Tuesday.
Zhang Zhen knew that Lamont, who had been reminded by himself, was using a delaying tactic in order to keep the stock market stable6 instead of falling sharply, but these remarks obviously damaged the interests of the Morgan family, at least the hat of "deceiving the people with lies" was not so easy to take off.
Due to Zhang Xi's kind reminder, the Morgan Group sold all the stocks at the beginning of the overall decline in the stock market, and its own losses were not large, and the total assets of the big banks and large enterprises it controlled still accounted for more than half of the eight major consortia in the United States.
Zhang Xi thought for a while and said: "Now the crisis has spread to the whole world, in addition to the British economy is still stable, the stock markets and prices in Germany, France and other countries have fallen wildly, and the Japanese economy has also collapsed, and it is a mess everywhere.
It is undoubtedly unwise to continue to invest in large quantities under such circumstances, and I suggest that from now on, the issue of lending should be firmly controlled, especially for Germany and Japan. Japan, for example, is an island nation with a narrow territory and a poor appetite for property, but militarism is rife. In order to extricate themselves from the economic crisis, they will inevitably use the loan from the Morgan Bank to embark on the road of no return to arms expansion and frenzied aggression, which will inevitably conflict with the interests of the United States. β
"Zhang, your words are obviously alarmist. If this is the case, we will strictly control the lending. Investor enthusiasm will be severely dampened, and our country's economic recovery will be far away. There is also the issue of lending in Japan, where the Japanese government and military are reputable users of our Morgan Group. We cannot deny a country because of your one-sided words. However, I remember that your country and Japan had a quarrel over Manchuria, so these words could not have had ulterior motives, right? A well-dressed middle-aged man walked up behind Harry Morgan and said in a sinister manner.
Zhang Xi's face was solemn, and the person who spoke was Tom Lamont, one of the current helmsmen of the Morgan Group, in the United States and Wall Street, his words sometimes even worked better than President Hoover's words.
Zhang Xi smiled self-deprecatingly: "National affairs are not something that businessmen like me can participate in, I only say everything I see." I know that JPMorgan Bank has no business to do in China, and China still owes a considerable amount of foreign debt that is not repaid, while Japan is a pound. Major customers. For Japan. The northeastern region of our country is economically indispensable, which helps it to repay the huge debts it has owed over the years, but it is very dangerous for China, and there is a high probability that the two countries will go to war in the region in the future. Japan is an island nation. The more you feed, the more ambitious you are, and once you can't control it. It will certainly pose a threat to the security of the United States, and in the long run, lending money to Japan will definitely outweigh the losses. It will even leave a lasting infamy. β
Tang Xuan Lamont was stunned for a moment, then shook his head with a sneer. Zhang Xi changed the subject: "Mr. Lamont, you came at the right time, I just want to deposit the 50 million US dollars from this proceeds into JPMorgan Bank and Citibank respectively, how much do you think is appropriate?" β
Zhang Xi's investment behavior in the United States has gained a lot, but he has operated it through layers of registered public magazines and personal accounts. Even the ubiquitous Morgan didn't know how much he had made in the stock market, and as soon as this statement came out, everyone was shocked.
"Fifty million!?" Lamont's eyes widened and he glanced warily at Lawrence Rockefeller. Squeezed out a smile and said: "Our Morgan Bank is the largest bank in the United States, and the proportion of bad debts in the entire assets is very small, and it is safer to deposit them in our bank under the current circumstances." β
Today, the Rockefeller family was represented by Nelson, the second son and third son of Chairman John Rockefeller Jr., who was talking to IrenΓ©, the general manager of DuPont. Seeing that everyone was surrounding Zhang Xi to form a small ***, he walked over with some surprise, and heard the conversation between Zhang Xi and Lamont.
"As long as the Meihu oil company does not arrive for one day, Citibank's reputation will be guaranteed, and Citibank's business in China will expand rapidly, so it is better to deposit it in Citibank for convenience." Nelson said with a smile.
Zhang Xi waved his hand: "My boss has no intention of putting his eggs in the same basket, so he has the intention to put this money in different banks." And I have a request for this money to be exchanged for gold or silver of comparable value, and I hope to get your help in the acquisition of bankrupt enterprises. β
When Lamont saw Nelson's arrival, he knew that it was unrealistic to monopolize the deposit, so he pulled Nelson and Steen aside to discuss, and soon reached an agreement: agree to Zhang Xi's request, the 50 million JPMorgan Bank will receive 30 million, and Citibank will receive 20 million, and the two sides will jointly provide a guarantee for Zhang Xi's acquisition.
Zhang Xi smiled with satisfaction, "I have one last request." A few months ago, with the intervention of your government, 150,000 tons of grain were sold to China, but this grain is nothing less than a drop in the bucket for China in the midst of famine. I read in the newspaper two days ago that in order to maintain the price of agricultural products. Some entrepreneurs and large farmers massively destroyed the "surplus." Wheat and corn were used instead of coal for fuel, and milk was poured into the Mississippi River. I don't think this will help solve the current crisis, and in the current situation, ship these unused goods to China in exchange for cash to alleviate the current "money shortage." It's the right choice. I would like to ask everyone here to help me buy 40,000 tons of grain at one time, and I will give you 10% of the intermediary fee, how about it? β
Lamont did not hesitate, and waved his hand proudly: "It's nothing, now the production and sales of agricultural products in most parts of the United States are at a standstill, and with the influence of our Morgan Group, "it is not a problem to compare with 10,000 tons of grain." Nelson also said: "A lot of the bad debts in our bank are brought by the farmers, and I believe they are happy to replace the accounts with corn and potatoes, and 40,000 tons should be no problem." β
Zhang Xi was very happy: "That's good, the more grain, the better, and I will pay it completely according to the current market price." No matter how low the price is, I will pay you a lot of the difference in the price, so I will leave everything to you. β
It was snowing heavily in New York, but old Nanchang was a different scene.
When the red sun is in the sky, the shadows of the trees are waving, there is no cold in winter at all, but there is a bit of spring breath.
An Yi sat under a big tree in the courtyard of his small building, drinking tea comfortably while looking through the materials collected from all over the world. Most of these materials are newspaper and periodical paper cutouts collected by international students studying in the United States, as well as some radio stations analyzing and insighting the situation in their host countries, and An Yi can receive one or two letters every day.
This time I returned to Nanjing from Yichang, and from Nanjing to Lao Nanchang, tossing and turning, backlogging a large stack, taking advantage of today's rare time, An Yi flipped through them one by one.
"Isn't it said that the economic crisis of the year is global? Why is the UK economy thriving? An Yi saw a newspaper clipping that London benefited from the collapse of the New York market, and investors transferred large sums of money from New York to London, prompting a boom in the British economy, not only to ease the tight situation of gold reserves, but also due to the large influx of foreign capital. The stock market and futures markets are in a blowout, with a surge in foreign lending.
An Yi is really lacking in economic knowledge. Even the economic crisis in the United States was just a rote memorization to cope with the history exam, but what day in late October and what stocks led the rise and fall. He couldn't remember it at all, so he set a final sell-off deadline and asked Zhang Xi to carry a huge amount of money to the United States for operation.
For the absolute safety of Zhang Xi and his funds, he can be said to have worked hard, from sending a platoon of special fighters who can speak English in advance to infiltrate the United States in the name of international students, responsible for the protection and monitoring of Zhang Xi, and he has many considerations at every step. Facts have proved that his gambling has made huge gains, and now the group's hidden funds are as high as 200 million, which can be described as rich and rivaling the country, however, this achievement did not make An Yi have much pride and superiority, but made him have more sense of urgency and mission in his heart.
Prevention: The fainting thief had the audacity to steal the oil of the transformer and sell it, which directly led to the fact that the transformer that maintained the electricity in several of our buildings could not be cooled and produced spontaneous combustion.
It's really depressing to enter the middle of March. I have encountered sad things again and again, and I hope that luck can improve in April!