Chapter 351: Financial Crisis

Zhou Xin's arrival has changed a lot, and it hasn't changed a lot, because the impact of the financial crisis is more far-reaching than it should be, so there is no suspense that the last winner will lose this election.

The Elephants had no room to fight back before the Donkey Party snatched the White House, and Obama became the new owner of the White House without any suspense after entering November.

For Zhou Xin, it is not difficult to bet on the answers, and after Obama comes to power, he can also get corresponding political benefits from it.

The political donation is not given in vain, and this should be the last time Zhou Xin bets, and when he wants to bet in the next term, others may not dare to accept it.

Not long after Obama took office, NewPay's acquisition of a large regional bank in Ameriken was quickly approved, and when the crisis passes, the potential revenue for NewPay will not be less than $30 billion.

Originally, only the traditional forces of Wall Street could touch the cake, and NewPay also successfully got a piece of the pie by speculation.

Now is not a good time because it is not yet the peak of the crisis, and the prices of many assets are not at the lowest point.

At the time of the 1992 financial crisis, 181 banks in the United States went bankrupt, and bank failures were commonplace, compared to three banks last year and 25 so far this year.

If NewPay is willing to wait, next year, 106 banks in the U.S. will fail, a 30-year high.

But Zhou Xin didn't know about these data, including NewPay's executives, who all thought that it was good to get a piece of the cake now.

This shows that if you are not an industry insider, even if you are reborn, you can only remember landmark events and buy at a relatively low level, but you can't start at the lowest point.

After NewPay's acquisition of Douglas National Bank, the last piece of the puzzle that NewPay lacked was complete.

"Boss, after the completion of this merger, NewPay already has the ability to wrestle with Goldman Sachs and Morgan." Warren Jensen was emotional.

He also has new ideas, as the CEO of emerging investments, with a high salary, and the people he has access to are very good, either Wall Street executives, Washington meat eaters, or Silicon Valley upstarts, and this life is great.

He doesn't have to make a decision, Zhou Xin will tell him what the general trend is, and he has a group of top investment managers for emerging investments, knowing the general trend and the approximate time point of the financial crisis, which is enough for them to make excess profits.

Not to mention, Zhou Xin will also talk about some specific strategies.

With status, money, and ease, it is simply a fairy job for ordinary people, but Warren Jensen, who has watched NewPay develop, is obviously not satisfied with this.

He had been in the position of CEO of Emerging Investments for too long, he was tired of the job, he wanted new opportunities, and he wanted to show his skills in a new position.

CEO of Xinxing Investment, no matter how good this job is, it is also a watchdog job.

That's right, he is targeting NewPay, he is the second CEO of NewPay, he went to emerging investment, and only then gave up his position to Peter Thiel.

If he doesn't leave, this position is still his.

NewPay, the monopolist of electronic payment, a full financial license holding enterprise, has business all over the world, in more than 80% of the world's countries, is the largest electronic payment institution in terms of market share, and has at least one medium-sized bank in Neon, Ameriken and Maple Leaf countries.

Warren Jensen wants to return to NewPay, such a top financial institution, is his next target.

If you want to go back to NewPay, you can only get the support of Zhou Xin.

Zhou Xin did not have any emotional fluctuations after listening to it, which brought him less excitement than the package acquisition plan reached by Xinxin and Sumitomo Chemical.

This is mainly because Zhou Xin has always been ready for NewPay to be taken over, and no matter how well NewPay develops, control will be taken away by others in the future.

Although control was taken away, he is still the founder of NewPay, and with the identity of the founder to increase shareholders, normally speaking, he will definitely have the right to speak.

But Zhou Xin's situation is different, Washington can take NewPay away from him through administrative means, and if he doesn't dare to go to Ameriken, sooner or later the right to speak will be lost.

After Bill Gates left Microsoft, he cashed out most of his Microsoft shares, and others didn't have much power over Microsoft at Ameriken, so they were mascots at best.

That's not to mention Zhou Xin.

It is precisely because NewPay is a behemoth that Zhou Xin needs to be prepared to lose it in advance, and he can already look at the development of NewPay very calmly and objectively.

"Douglas National Bank, I read Peter's email to me that it mainly operates in Missouri, but they have licenses for all of North America, including Maple Leaf National Development Corporation, and they are the number one bank on his list of acquisitions.

It seems that the White House gave us a nice piece of cake. ”

Warren Jensen, as Zhou Xin's operator in American, knows how much political money Zhou Xin has made to Obama and the Donkey Party through various means.

Because the political donations in the general election are to be announced, on the bright side, Zhou Xin only donated $10 million to Obama, which is nothing, and many Wall Street financial tycoons donated 20 million yuan.

But in addition to the bright side, Zhou Xin also gave Obama money through various shells, totaling a total of 30 million US dollars, if you count the money of Xinxing Investment and NewPay, it is already more than 50 million US dollars, and it has entered the top three.

Warren Jensen, as the de facto trader, took this for granted:

"Boss, it's a deal, we helped Obama get what he wanted, and he needs to help us get what we want.

Sincerely, I don't think he gave enough, and if it weren't for the wariness of Huaguo Capital, we could have offered a higher price than Bank of America.

Merrill Lynch should be acquired by Emerging Investments. ”

The collapse of Lehman Brothers was a landmark event of the financial crisis, as was the acquisition of Merrill Lynch.

Merrill Lynch is one of the world's most prominent securities retailers and investment banks, and its position is no worse than Goldman Sachs.

But because of the huge losses during the financial crisis, they were acquired by Bank of America for $50 billion in cash.

Xinxing can't come up with so much cash, but the Bank of America can't either, and they can come up with so much cash because the Treasury Department has provided up to $45 billion in funding and debt guarantees for the Bank of America, which is equivalent to the Bank of America itself only needs to pay $5 billion.

This amount of money is fully available to emerging investments.

You must know that Merrill Lynch has half of the equity of BlackRock, which is BlackRock, the world's largest asset management company in the future, and the total assets under management of Merrill Lynch at this time exceeded $1 trillion.

"Haha, how could Washington allow Merrill Lynch to be acquired by the Chinese, this is impossible.

To learn to be content, it is enough to be able to buy the National Bank of Douglas. Zhou Xin is very optimistic, because he knows that Merrill Lynch will not be able to take his turn no matter what.

You must know that the slogan of Merrill Lynch Securities is "Merrill Lynch is optimistic about the United States", such a patriotic slogan, it is much more popular than Goldman Sachs, who only has money in his eyes.

How could Washington allow such a financial giant to be bought by the Chinese. It's like China won't allow Huawei to be acquired by foreign investors.

NewPay's acquisition of Douglas is already a surprise for Zhou Xin, he does not attach much importance to the scale of the acquisition of the bank, the most important thing is the scale of the business, Douglas's banking license is a national business, and the scope of the business also includes the Maple Leaf country.

With the blessing of NewPay, it can play the effect of 1 plus 1 is far greater than 2.

Warren Jensen originally wanted to mention that Peter had been at NewPay for too long, but he felt that this time was not the right time to mention it, because NewPay had just completed the acquisition of Douglas and was facing the integration of new businesses and the expansion of new business territory.

Although Jensen believes that NewPay can buy Douglas, he is at least 80 percent credit.

"Obama came up with a lot of ideas, Paulson was not ousted by Obama, and according to what I have learned, Paulson will still have a seat in the new cabinet.

Their previous plan to save the market of up to $700 billion was approved by Obama, and the Elephant Party could not hold it up, and this plan should soon pass Congress.

We seized a rare window of time to successfully complete the Douglas acquisition.

In addition, according to sources in Washington, the federal government intends to guarantee Citibank's debt of more than $300 billion, and at the same time provide Citibank with a $20 billion in subsidies and a $25 billion credit line.

It can be said that the federal government has exhausted all means to keep Citibank from exploding, and we have bought $5 billion of Citibank stock in advance last week after getting the news, which is expected to bring us more than 30% of the income after the federal rescue policy is announced. Warren Jensen said.

This is the difference between big banks and small and medium-sized banks, big banks, governments will do everything they can to ensure that you don't collapse, but small and medium-sized banks are not, because big banks can cause systemic risk.

In China, too, the interest rate is lower when saving money to a big bank, but the safety factor is more than one level higher.

This news is also a means for the Donkey Party to repay Zhou Xin, such as convening an internal meeting of well-known people in the financial field, and then revealing to everyone what the Federation intends to do next, and then everyone will trade according to the inside information.

It doesn't matter if this kind of overt operation is exposed, we are just discussing the crisis response, we are not only discussing this kind of crisis response, but in the end the Federation chose this one, and we did not know that the Federation would choose this one when we had an internal meeting.

As for asking me why I was able to make such a trading decision through the process of backward results and according to the next federal policy, asking is the level, and asking is the vision of the master.

Bridgewater, the world's largest hedge fund, was recently exposed by the New York Times as a scam.

Dalio, the founder of Bridgewater, wrote a book called "Principles", which talks about his various trading ideas, but in fact, Dalio's advantage with Bridgewater is his relationship with dignitaries in various countries, and these relationships allow him to know and even influence Washington's decision-making, so as to make the right trading decisions.

Domestic self-media reported that the Bridgewater Fund was a Ponzi scheme, but in fact, the original text of the New York Times was clearly "Bridgewater is not a Ponzi scheme", and the author of the New York Times just thought that Bridgewater was a scam, and Bridgewater's business strategy did not match the propaganda, which was false propaganda.

Even the top bigwigs rely on insider information to make trading strategies.

Including Hillhouse Capital's investment in LONGi Green Energy, with a floating loss of 5.1 billion RMB in three years, and even illegal reduction of holdings because it couldn't bear the loss, 1.5 billion yuan of shares mysteriously disappeared.

"I think sometimes don't be superstitious about what the big guys say, they don't necessarily match their words with their deeds." Warren Jensen, CEO of Emerging Ventures and representative of Zhou Xin, attended the annual meeting of the Yenching International Financial Forum held at the Diaoyutai State Guesthouse in Yanjing.

The theme of the forum was "The Financial Crisis: Implications for the World and China – Rebuilding a New Order in the International Financial System".

This year, because of the bankruptcy of Lehman Brothers, China has held various forums to analyze the financial crisis, including various phenomena in the financial crisis, such as the food crisis, the stock market crash, and the Occupy Wall Street movement.

The National People's Congress, Tsinghua University, NetEase Finance, Sohu Finance, etc., from the academic community to the media have all held forums to discuss the financial crisis, and Sohu Finance and Economics have joined hands with the magazine "Enterprise Management" to invite the author of the currency war to talk about the financial crisis.

In that interview, Song was asked why the prices of gold and silver should have risen after the financial crisis, but why they hadn't.

Song replied that gold and silver are currencies in their own right, and that falling prices do not mean that demand is falling, and that turning large amounts of cash into gold and hoarding gold bars is what the super-rich are doing, and that it will take time for demand to pass on to prices.

In fact, gold began to rise in mid-2006, at the beginning of the financial crisis, from 560 points all the way to more than 1,000 points in early 2008.

Then it began to fluctuate violently in 2008, and even the lowest point at the end of 2008 did not fall below 700 points, and Song did not understand the trend of the most important precious metals such as gold.

However, the fact that the author who writes about financial fantasy can talk about the financial crisis is quite fantasy in itself.

This time, Yanjing is the largest and highest official platform forum.

Wu Shiqiang and Warren Jensen will attend, of which Warren Jensen will only attend on the first day, while Wu Shiqiang will attend the whole course.

In addition to speaking as a business representative at the opening ceremony, Warren Jensen will also participate in an interview in the afternoon.

In the interview, the moderator asked him what he thought about the financial crisis, and he mentioned not to be superstitious about the speeches of the big guys.

"The financial crisis is a crisis for many companies, but it also contains a lot of opportunities, a lot of high-quality assets have fallen into the right position, and a lot of industries are facing a reshuffle.

Crises breed hope, winter will always pass, and spring will always come.

So I don't think the financial crisis is terrible, it's the loss of confidence in the future. ”

Write casually, Crow still wants to use some pen and ink to write about the financial crisis, because this is a landmark event and has changed too much.

(End of chapter)