Hearing Yang Jing's words, Cesar nodded excitedly.

Since the last time the London Gold Investment Action ended, Cesar and the others have not limited their trading to the London Gold Market. They have been hiding their powers in the past few years and have begun to shift their focus to major stock markets and markets. In the foreign exchange market, they are very clear that compared to the gold market and major stock markets, investment in the foreign exchange market often takes longer to deploy, and once the foreign exchange market is successfully invested, the gains are huge, but it also takes a longer time to proceed. The harvest of benefits.

In the foreign exchange market, a relatively large and purposeful investment often takes months or even half a year, and the one-year time mentioned by the boss is actually not very long in the face of such a large amount of funds. .

"Well, BOSS, since you take care of us so much, then we will take over the trader task of this investment operation!" Hearing Yang Jing's words so firm, Cesar didn't want to say more about this, just The decision was made.

"Okay! Now that you have taken over this mission, let me talk about the specific action plan below."

Yang Jing greeted everyone present, and these people followed Yang Jing into an operation room on the first floor dedicated to trading.

This room was remodeled with a large bedroom, which is more than 30 square meters, and there are several work stations connected together. Each work station has a telephone and a fax machine, the most eye-catching It is a desktop computer on every table.

This is a very peculiar computer. Of course, this peculiar appearance is aimed at Yang Jing. For Mike Aller and Cesar, this computer is extremely advanced and sci-fi.

"Wow, BOSS, are these computers the 286 computers that IBM launched in July last year?" Albert saw the identity of this desktop computer at a glance.

Yang Jing smiled and nodded and said, "Yes, these five computers are the latest computers that IBM launched last year. They use Intel's 80286 processor. At present, they are the most cutting-edge civilian computers. Cesar, do you all operate this thing?"

Cesar and the others nodded, indicating that they would operate this fresh machine.

In fact, even if there is a computer at this time, the real application scope for civilian use is still very narrow. After all, in this era, the Internet is only used by the military, and the private network has not yet been seen.

Without a network, no matter how advanced your computer is, there is no use for it. Without the Internet, the computer is like a world champion in the 100m who has lost both legs.

"BOSS, these computers are now only suitable for calculating various data, and transactions have to rely on telephones and fax machines." Cesar pointed out the limitations of these computers in one sentence.

"I understand that I bought these computers for you to facilitate your work." He clapped his hands and attracted the attention of the team members who were playing with the computers. "Guys, are you satisfied with the environment here?"

Several people nodded in satisfaction. Although it is not the most professional trading room, the conditions are very good. Even if you work here for a year, it will not be so uncomfortable.

"Well, since you are very satisfied with the conditions here, then I will start to talk about it." Yang Jing looked at a few people and motioned them to sit down, and then said, "Our investment goals this time are only two. One is Japanese Yen and the other is US Dollar. What you need to do is to short the US dollar and long the Japanese yen."

Cesar nodded to express his understanding and then said, "Boss, can you explain it in detail?"

"That's okay. Surely you have been deeply touched by the continued strength of the U.S. dollar in the past few years, right?"

Albert said with a wry smile: "Yes, BOSS, the strength of the U.S. dollar over the years and the high interest rate policy of the U.S. government have kept the U.S. dollar in a state of high operation. To be honest, several of us are now very worried about this. How long can this situation be maintained. The current strength of the US dollar is really too scary. In your words, it is too late. If this state is maintained, it is too dangerous."

Yang Jing snapped his fingers with satisfaction and said: "Albert is right. In fact, I also think that the high-level operation of the US dollar should not last long. This state of the US dollar has already caused a serious impact. Various unfavorable situations in the United States, even Japan and major European countries have been greatly affected. If the current situation is not changed, the whole world will face a disaster. Therefore, I think the devaluation of the US dollar has already reached the imperative. The stage of development."

Yang Jing tapped his finger on the table and continued: "In fact, this situation did not happen in a day, but was caused by a series of stupid decisions made by the Washington authorities over a period of seven or eight years. Yes. As early as 1977, the United States proposed to devalue the U.S. dollar because Japan and Germany had a large trade surplus with the U.S. Although it was only a verbal statement by the U.S. Treasury Secretary at that time, it also triggered a crisis of U.S. dollar depreciation. From the beginning of the year to the autumn of 1978, the U.S. dollar depreciated by more than 40% in a short period of more than 20 months! This crazy depreciation made the Carter administration panic, so President Carter formulated that stupid "save the dollar package" 'Action, I want the dollar to come back and appreciate again."

"Carter's plan should be considered wiser at the time, but Carter estimated that he did not expect that this plan was just implemented not long after, because the outbreak of the Iranian revolution led to the second oil crisis, plus The U.S. dollar appreciated strongly at this time, which resulted in severe domestic inflation in the United States."

Cesar smiled and said: "Boss, I know what you said. Inflation in the United States was very serious at the time. Otherwise, Paul Volcker, then chairman of the Federal Reserve, would not implement it as soon as he took office. The official interest rate has been raised three times in a row, and a tightening monetary policy has been implemented."

Yang Jing smiled and nodded and said: "This is a typical foot pain, a headache and a headache. Paul Volcker's continuous increase in official interest rates has indeed curbed inflation, but it has caused a series of unfavorable situations in another aspect. Because of the increase in the official interest rate in the United States, a large amount of foreign funds flowed into the United States, which directly increased the value of the U.S. dollar by 60% in just five years! The rapid appreciation of the U.S. dollar resulted in the emergence of the U.S. government. A large fiscal deficit has further widened the trade deficit."

"So, the economy of a country cannot be a headache, but it must be considered comprehensively. The Carter administration and the Reagan administration are so messy, and the final result is the current situation of riding a tiger."

"What's even more ridiculous is that the newly re-elected Reagan administration does not seem to care about the current situation. On the contrary, the successful re-election of President Reagan will add fuel to the fire. As far as I know, Mr. Reagan has been carefully planning a comprehensive tax reduction policy. It’s about to be announced, and the plan to increase U.S. military spending was approved by the U.S. Congress, and the U.S. defense orders have soared. What will this cause? Very simply, once the tax reduction policy is approved by Congress, it will be reduced. Under the dual stimulus of tax and national defense construction, the US economy, which was originally in a low-speed growth, will soon enter a high-speed growth channel."

"Under the circumstances of huge fiscal deficits and the high dollar operation, if the domestic economy is overheated, it is obviously out of date, or even a contradiction that cannot be reconciled at all."

Mike Aller also interjected on the side: "Yes, on the one hand, the unavoidable trade deficit is getting bigger and bigger because of the strength of the U.S. dollar. On the other hand, there is the surplus of domestic production capacity in the United States. If the Reagan administration does not change it. Once this irreconcilable contradiction breaks out completely, it will plunge the United States and the world into a disaster!" As a senior accountant, Mike Aller has a more thorough view of the macroeconomic aspects.

Yang Jing smiled and raised a thumb to Mike Aller to show his appreciation.

In fact, what Yang Jing said just now is just a fundamental reason. Once the Reagan administration's tax reduction policy + increased US government spending plan is fully launched, then a huge speculative crisis will immediately loom over the United States.

After World War II, the world economy slowly moved towards integration, and the closed-door policy could no longer adapt to the rapid economic development. The global economy has entered a situation that affects the whole body.

As the most powerful country in the world, the United States has always been the weather vane of the world economy. Once the Reagan administration’s tax reduction policy + increased U.S. expenditure plans are fully launched, it can be expected that the In the major European foreign exchange markets, the exchange rate of the U.S. dollar against other major currencies in the world will certainly continue to rise across the board; on Wall Street, the US stock market will also be like a bull with stamina, rushing upward. The U.S. economy will immediately show prosperity, and the U.S. economic prospects also seem to be bright.

However, while the US economy is thriving, the situation in other parts of the world is very bad. The Soviet Union and other socialist countries are basically in a state of self-circulation. The situation in developed countries such as Japan and Western Europe is normal. The developing countries in Latin America and East Asia have begun to grow at a high speed. However, many domestic unstable factors still need to be improved. The war in Cambodia and the regime change in South America Waiting, has discouraged many foreign investors.

At this time when global investment opportunities are not clear, the U.S. economy is suddenly bright. Naturally, many foreign investors quickly mobilize funds and flock to the U.S. market.

In the words of the famous financial speculation crocodile Soros in later generations, if financial investment is too active, market speculative factors will increase, financial "bubbles" will gradually increase, and the fragility and danger of the market will naturally follow the further investment. When the “bubble” becomes active and grows larger, once the “bubble” is formed, it will naturally burst one day. At that time, the collapse of the financial market is inevitable, and the opportunity for us to make big money will follow.

Soros was able to cross the global financial speculation market in later generations, and his vision was naturally not generally strong. Since he saw that the U.S. economy was actually in a dangerous process, he would naturally not give up such a good one. Chance.

Before preparing for this investment action, Yang Jing inquired a lot of information. Among them, Soros had a very detailed explanation of the speculative process of the depreciation of the U.S. dollar and the appreciation of the yen.

At that time, Soros made a sharp assessment of Reagan's economic policy from the perspective of financial investment. Soros clearly pointed out that this is a "worthy consideration" policy. It is undeniable that this policy has stimulated the US economy, but if the stimulus is too large, the US economy may be counterproductive. Soros named the economic development situation triggered by this kind of economic policy that could do bad things well as "Reagan's Great Cycle."

The "great cycle" originated from stimulating economic growth, but the influx of foreign capital into the U.S. financial market will cause the U.S. economy as a whole to rapidly increase its foreign borrowing and liabilities. At this time, if foreign capital continues to flow in, the overall cost of foreign borrowing and debt in the United States will increase. At the same time, the cost of new foreign capital entering the U.S. financial market will be relatively reduced. When the debt approaches the cost or even exceeds the cost of the source of foreign capital At that time, some inconspicuous factors will pierce the financial "bubble" that has already appeared at any time.

Reflected in the financial market, the exchange rate of the U.S. dollar will fall as quickly as the original rate of increase. Foreign funds that poured into the U.S. market for huge speculative profits naturally fled in anticipation of the "falling" wind and quickly withdrew from the U.S. financial market. The consequences of this are serious. The tremendous changes in the financial market will cause the U.S. economy to rapidly decline, and the overall economy will shrink severely. The horror of the "big cycle" is here, starting from revitalization ~ lightnovelpub.net ~ due to excessive stimulation and returning to a state of non-rejuvenation and even recession.

In the words of Soros, that is, in the current market, investors are worried that an increase in the money supply in the financial market will cause the economy to overheat, and they are afraid that higher interest rates will cause the economy to cool down rapidly. Therefore, stocks affected by low interest rate policies were left out, and stocks stimulated by Reagan's economic policies were favored. This is a very dangerous market trend. In fact, the economic outlook driven by the Reagan policy is not optimistic. The US dollar exchange rate will rise too much and will inevitably fall. The US Federal Reserve will raise interest rates at any time, and the economic cooling is also predictable.

Let alone Soros, even when they were talking to Cesar and others just now, Cesar and the others made it clear that they were frightened by the current situation in which the dollar is operating at such a high level, not to mention those financial speculations that specialize in financial speculation. Predators?

Everyone can see that in order to prevent the United States from falling into a terrible economic crisis because of the economic stimulus plan of the Reagan administration, the Fed and the awakened U.S. government will inevitably take action to cool the U.S. economy and the U.S. dollar. However, these speculative financial predators may not be able to guess when the Fed and the US government will act.

But Yang Jing knows it! In September 1985, which is about a month away, the famous "Plaza Agreement" for later generations will be officially signed...