Chapter 104: Pretending to be forced three times in a row

The Internet bubble is blowing bigger and bigger, poking it, Cang Yaozu will not do such a thing, on the contrary, ICQ will dance in the wind and hit the recent peak of 100 billion market value. There's nothing wrong with the Internet bubble, there's no such big tide, you can't practice otherworldly swimming skills, as for those who drown, there's no way, shopping malls are cruel, survival of the fittest is the most basic rule.

In fact, the Asian financial crisis has a lot to do with Citigroup's Internet bubble, and it is Citigroup's rapid Internet development that has attracted a large amount of hot money to pour in, which has produced a certain bubble, and where does this money come from, and a large part of it is withdrawn from the emerging markets of Asia's four tigers. Capital is profit-seeking, and when it is full in one market, it will seek the next market with higher growth.

Southeast Asian countries, especially the Four Little Tigers, do not engage in industry, and vigorously introduce foreign capital into the real estate industry, blowing up a huge housing price bubble. When foreign capital withdraws, it is when the housing price bubble bursts, and Southeast Asian countries want to block the withdrawal of foreign capital, but it is completely impossible to do it under the open and free financial system, which eventually triggers tragic bank bad debts and exchange rate plummeting, and the financial market is in a mess, and finally swallows this bitter fruit.

As for saying that Soros is the culprit of all this, that is really looking up to him. He just has a more poisonous vision, seized this time node, and detonated this thunder in one fell swoop, all in all, Soros is just a fuse, and he is taking advantage of the trend.

There are plenty of rumors that Soros is a dog who is at the mercy of the Fed, and there is some truth to this, at least there is a tacit understanding between them. If you think it's all an individual act, then you're thinking too simply, the Azure Star may not be suitable for you, so it's better to go back to Mars as soon as possible.

The implementation of the "information superhighway" plan in the United States is regarded as a symbol of the official launch of the Internet industry. With a total investment of about $400 billion, the plan is to lay information fiber optic cables to every home in the United States. Since then, the United States has achieved a long-term dominant position in the field of Internet hardware construction.

Twenty years later, the construction of the Internet seemed to be a matter of course, and optical cables were already the standard configuration of ordinary houses at that time, but in this era, the "information superhighway plan" is of great significance across the era.

The Internet is a huge industry full of opportunities. Everyone is connected, this prospect is really good to think about, and the financial circles in Europe and the United States have high expectations for the next "Internet era". Since the Citigroup government is responsible for the hardware investment in the information network, the financial community should invest in the website.

At this time, the United States really registers a website casually and makes concepts, such as making friends, such as searching, such as second-hand goods trading platforms, etc., which can attract countless investments, and the valuation of the website is often calculated in billions of dollars.

One of the typical companies is Yahoo, which encompasses all the concepts of Internet companies, from search to email to news portals, and is really the best material for Wall Street money to hype. Among them, the most popular ones are Don Valentine's Sequoia Capital and Son's SoftBank, both of which have invested a lot in Yahoo and made even more money.

Yahoo went public in 1996 with a market capitalization of just $800 million, and by the early 2000s it had swelled to a peak of $125 billion. One hundred and fifty times, think about it, what a crazy thing it is. Sequoia Capital and SoftBank are really making crazy money.

The financial industry has diverted money from all over the world to hype up the concept of the Internet, creating a "dot-com bubble" at the same time, but triggering an unexpected and reasonable consequence: in 1997, the "Asian financial crisis" broke out.

In the 90s, South Korea, Wanwan and Singapore, among the four Asian tigers, developed the electronics industry, the steel industry, the real estate industry, and the financial industry, and all made great efforts to consolidate their own industrial foundations. Thailand, Malaysia, the Philippines, Indonesia and Xiangjiang, among the four Asian tigers, have not developed a complete manufacturing system at all, and they have begun to be complacent with simple industries such as processing and assembly, and have introduced a large amount of foreign capital into the real estate industry, built high-rise buildings, and blown a wave of housing price bubbles.

Surely the real estate bubble in the cherry blossom country just burst in 1990, the four Southeast Asian countries and Xiangjiang still jumped into this big pit without hesitation. After the real estate bubble burst in the cherry blossom country, the housing bubble in the four Southeast Asian countries and Xiangjiang quickly expanded, and the housing prices doubled every year.

In the early 90s, the house price per square meter in the central area of Xiangjiang was about 10,000 Chinese dollars, and the house price of apartments in the central area of Bangkok, Thailand was about 5,000 Chinese dollars. By the eve of the financial crisis in 1996, housing prices in Xiangjiang had risen to about 80,000 yuan, and apartment prices in Bangkok had risen to about 30,000 yuan.

At that time, nearly 50% of bank loans in Hong Kong were invested in real estate, while Thailand even reached 70%. Real estate has become the absolute support of the economy of these regions, and once external funds are withdrawn from the real estate sector, it will inevitably lead to the bursting of the bubble and bring about an extremely tragic chain reaction.

The withdrawal of foreign capital triggered a decline in housing prices, led to a surge in bad bank debts, and paralyzed the financial system, which in turn stimulated the acceleration of foreign capital flight, which in turn led to a sharp depreciation of the currency, entering a cycle of endless circulation.

In this cycle, Citigroup's Internet industry has developed greatly, attracting a large amount of capital is an external factor, the Asian tigers themselves are overly dependent on foreign capital, uneven industrial development, poor financial supervision, over-opening of the market, and the failure of the fixed exchange rate system are internal factors, and the attack of Soros Quantum Fund and overseas travel capital is the fuse and baton.

As for whether Cang Yaozu followed Soros to earn a little pocket money, the impact on the development of the situation can be said to be very small, and there would be others without him, so Cang Yaozu raised capital in Citigroup and Southeast Asia with private equity funds, and let Universal Pictures borrow and finance a large amount of money in Thailand and Indonesia with Universal Studios' cultural tourism real estate projects, all in order to make up the capital to eat meat and drink soup with the international tourist capital army.

Cang Yaozu has had enough of the days of no money, and now Cang Yaozu is in debt, with real estate revolving mortgage loans in Yandu, private equity funds in Citigroup to accept investment, a large number of loans to repurchase shares to initiate mergers and acquisitions, a large number of corporate bonds, and various financial means have been used to support Cang Yaozu to complete most of the industrial layout, but is this enough? No, it's far from enough, Cang Yaozu wants more, he also wants to enter the smartphone industry, he wants to grasp both software and hardware, he is still young after all, far from the time of retirement.

Cang Yaozu's cash cows have not yet produced milk, they are all in the process of incubation, the technology of CRBT is in the tense work of Yanyou Yang Chongshan's team, and the music copyright layout is far from complete due to lack of funds.

Buying more music companies would not only make more money, but also choke Jobs' iPod by the throat and stillbirth his iTunes music store plan.

Music copyright not only involves CRBT, but also the next MP3 player market, even smartphones, and the mobile Internet era.

Music and film and television rights will also involve the competition between Netflix and Amazon in the e-commerce and streaming media industries, and the layout must be early.

Next, needless to say, the semiconductor industry, wafer factories, chip factories have a huge amount of investment, LCD screens, touch screens, and lithium batteries are all gold-absorbing monsters. It all takes money, a lot of money. Why don't you get into these industries?

If you can't circulate autologously, you will end up being stuck in the neck, and Huawei's so strong strength has been picked up and swallowed, and it is difficult to move forward.

A lesson from the past, a teacher for the future. A lesson from the future, but also a teacher of the past, isn't this the biggest advantage of Cang Yaozu's rebirth?

If you start over and still live aggrieved, you will really become scum.

Cang Yaozu doesn't want to be a scumbag, he just wants to be a scumbag, make a lot of money, buy a big house, buy a luxury car, buy a yacht, buy an airplane, and buy a small island.

In order to prevent those flowers from being scattered to the ends of the world, they have to be given a reason, a reason to make him scum, this reason must be given, it is Jia Baoyu who is not responsible, and the consequences are very serious.

Reborn in this life, the body is great, eat Ma Ma Xiang, and then go to abstinence, hehe, you think too much, isn't it feminism? We're not afraid, let's get addicted first, and then neither go to the front desk to perform, nor go behind the scenes to be a director, wouldn't it be good, go around pretending to be forced, show off the lower limit, what a happy thing, well, I'm face blind, I don't like money, I have a small goal, this glittering pretending to be three times, just ask you if it's fragrant?

It's so fragrant.

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