Happy Tycoon
Chapter 276: More aggressive foreign exchange futures
Someone once ranked the major events that occurred in the global financial world during the decade of the 1980s. Among them, the fiscal foreign ministers of the United States, Japan, the Federal Republic of Germany, France, and the United Kingdom, on September 22, 1985 The "Plaza Agreement" signed at the Plaza Hotel in New York is recognized as one of the things that had the greatest impact on the global financial economy in the 1980s.
Judging from the perspective of the time, the signing of the "Plaza Agreement" at that time indeed avoided the overheating of the U.S. economy and the over-strength of the U.S. dollar, and restored the temporary economy of the world to a reasonable state. But if we use the eyes of later generations to analyze the introduction of this agreement, there are actually various drawbacks.
At that time, because of the economic stimulus policy of the Reagan administration, a large amount of international hot money poured into the United States, which made the US dollar continue to strengthen, and the US trade deficit continued to expand, and the fiscal deficit also rose daily, thus finally making Japan the world’s largest creditor’s rights. country.
Japan was probably the craziest person in the world in the 1980s. The fast-growing economy and the yen that has been operating at a low level gave Japan a lot of wealth. They waved their checks and bought the Rockefeller Center. , Bought the Empire State Building, bought Columbia, the value of a small real estate in Tokyo is even more valuable than real estate in the United States.
Under such circumstances, how can those with vested interests in the United States sit still?
Japan, the small land of bullets, is nothing but a dog raised by our Great America on the west coast of the Pacific Ocean. Now that the dog is full and drunk, why, dare to bite my master in turn?
No, this situation is absolutely intolerable!
As a result, many large manufacturing business owners and members of Congress in the United States began to be unable to sit still. They lobbied the U.S. government and strongly demanded that the Reagan administration intervene in the foreign exchange market and devalue the U.S. dollar in order to save the increasingly depressed U.S. manufacturing industry. Many economists have also joined the team lobbying the government to change the position of the strong dollar.
As godsons in the United States, Japan saw that the godfather was going to be angry, so they naturally did not dare to fight hard with the godfather. So, Japan was persuaded. Their then Treasury Secretary Takeshita Toshita even publicly declared on behalf of the Japanese government that they Japan is willing to cooperate with the depreciation of the U.S. dollar, and they are willing to appreciate the yen.
Since godsons are willing to cooperate, as godfather, you have to show face. So, under such circumstances, the "Plaza Accord" was finally released.
It is estimated that the finance ministers of the G5 countries that participated in the formulation of the "Plaza Agreement" did not expect that this agreement, which seemed to be good for all countries at the time, was actually an out-and-out economic bomb.
The signing of the "Plaza Agreement" caused the U.S. dollar to plummet by 20% and the yen to appreciate by 20% in just 90 days. If at this time, people can restrain their greed a little bit, then the "Plaza Agreement" has indeed played a positive role. In fact, in the "Plaza Agreement", the rate of yen appreciation negotiated by various countries is about 20%...
But the scary thing is that human greed is always endless.
The U.S. dollar plummeted and the yen appreciated, which allowed some vested interests to see the huge benefits brought about by it. Therefore, under the joint promotion of many vested interests, the yen continued to appreciate wildly. Since the signing of the Plaza Agreement in September 1985 The previous one U.S. dollar was exchanged for 250 yen. In just two years, in September 1987, the exchange ratio between the U.S. dollar and the Japanese yen reached the horrible exchange rate of one U.S. dollar to 120 yen. The yen has appreciated in two years. The rate is as high as 111%!
This is a bit nonsense. Your father and son are not an unknown small country in Africa. These were the two most important currencies in the world at that time! One is the world’s only settlement currency, the U.S. dollar, and the other is Japan’s currency, the yen, whose economic aggregate was close to that of the United States.
As a result, Japan's economy was completely plunged into a decade-long economic stagnation, and later generations even referred to this decade as the "lost decade of Japan."
Japan is uncomfortable, but it's better for you to be a godfather in the United States? Do you feel better when other countries follow the United States to fan the flames? They played too hard, and the result was that Japan was unhappy, and other developed countries were laughing behind their backs. The global stock market disaster on October 19, 1987 immediately gave these countries a blow!
In the final analysis, the root cause of all this lies in the endless greed of those with vested interests.
It is no exaggeration to say that the "Plaza Agreement" signed in September 1985 and the "Louvre Agreement" signed in February 1987 are tools for a group of vested interests to share the fat of Japan, but However, they played too much, and as a result, the stock market crash that spread to the world occurred, and the global economy was hit hard.
Well, these are a bit far apart, no matter what consequences the "Plaza Accord" will cause in the end, it is nothing to Yang Jing!
Just toss about it, let’s just follow behind and drink two mouthfuls of delicious soup.
Seeing that Yang Jing hadn't spoken for a long time, Cesar coughed and asked, "BOSS, what should we do? Should we directly hold Japanese yen or operate through foreign exchange futures?"
Cesar's words awakened Yang Jing from his contemplation. He looked at the people around him who were looking at him, smiled slightly, and then said calmly: "Since you want to invest, naturally you can't use holdings. There is a currency way to operate, and that profit is too little. We use foreign exchange futures to operate this investment."
Hearing what the mysterious boss said, Cesar asked his team members to shake their fists in excitement. Obviously, this more aggressive and bold operation is their favorite.
Foreign exchange futures were produced in 1972 and have a history of 13 years, and the development of foreign exchange futures is relatively standardized. Therefore, it is still possible to use this method for foreign exchange hype in this era.
However, compared with the speculation method of holding currency directly, the risk of foreign exchange futures is undoubtedly greater. Although foreign exchange futures can use the margin leverage trading policy to obtain huge profits, but also, once the grasp is not good, this operation method is also It will leave investors with nothing and even huge debts overnight.
It is much safer to hold currency directly. Although it is also facing the possibility of loss, it is not as powerful as foreign exchange futures.
In short, these two methods have their own advantages and disadvantages, depending on how the operator chooses.
It seems that in this speculative action of the depreciation of the dollar and the appreciation of the yen, not only Yang Jing is staring at this one, but also many financial predators are also gearing up.
For example, George Soros has just emerged in the international financial market.
Yang Jing, who is familiar with this investment operation, knows very well that in the next two decades, that is, in mid-August, Soros’ Quantum Fund will use mortgage margin credit. After obtaining funds, it will hold a large amount of depreciation days. Yuan and West German Mark, as of September 5, 1985, the Quantum Fund had held a total of nearly 800 million U.S. dollars worth of these two currencies. Among them, the mark value is 491 million U.S. dollars, and the Japanese yen value is 308 million U.S. dollars.
At that time, Soros was not as aggressive as he was when he blocked the pound sterling and launched the Southeast Asian financial crisis. In this investment action, he adopted a relatively safe way of holding currency.
However, Yang Jing is not Soros. Yang Jing, who knows everything about this investment action, is equivalent to possessing gold fingers. If he is not concerned about the possibility of causing time and space paradoxes, he will play more aggressively.
But even so, Yang Jing, who has decided to use foreign exchange futures for this operation, has a degree of aggressiveness that far surpasses George Soros's Quantum Fund.
Before preparing to make this investment, Yang Jing asked the holy ring specially, and the holy ring gave a very affirmative answer, "Thanks to your last London Gold investment action, the loss/income of your investment action The range will increase exponentially, that is to say, it is no problem how much money you invest, but the loss and profit are best controlled within 10 billion U.S. dollars. If this range is exceeded, there is the possibility of a time-space paradox! "
Yang Jing still has about 3.6 billion U.S. dollars in his hands. He decided to invest 3.5 billion U.S. dollars. Although the maximum profit is only 10 billion U.S. dollars, the return rate of close to 300% is quite good.
"Today is July 28th, Cesar, I ask you five to complete all the preparations within one month, and I ask you to complete all the preparations within one month at the London International Financial Futures Exchange and Singapore International Currency Exchange. , Tokyo International Financial Futures Exchange, France International Futures Exchange, Chicago Mercantile Exchange’s International Money Market and Philadelphia Futures Exchange have established no less than 20 accounts, and then put the funds I prepared ~ www.mtlnovel. com~ is evenly distributed among these accounts in the six foreign exchange markets. Do you know what my purpose means?"
Cesar smiled and said: "Don't worry, BOSS, with a month of preparation time, I promise that this investment operation will never let anyone touch our tail. There are 120 accounts, and each account does not Up to 30 million U.S. dollars of funds, this is simply not noticeable in the huge foreign exchange futures market. However, BOSS, we can be responsible for ensuring the smooth escape of the final profitable funds, but we cannot guarantee whether the flow of funds is detected. In this regard, I think you’d better find Mr. Brad Jones. His method of concealing profitable funds last time was great, and if it weren’t for him, we wouldn’t have escaped the investigation of those investigative agencies."
Yang Jing smiled slightly and said: "Don't worry about this. Since I have called you all together, how can I forget Mr. Brad Jones? But it is useless for him to come here now, and wait until our profitable funds escape smoothly. That's when Mr. Brad Jones started fighting. Mike, Mr. Jones will leave it to you, is it okay?"
"Haha, don't worry, Brad, like Cesar and the others, has been looking forward to your call again."
PS: Bow and thank you for the reward of "Ice Octave" 100, so what, brother, are your legs better?