Age of Dreams
Chapter 246: Early warning of financial turmoil
As there were police cars clearing the road in front and back, the car quickly arrived at a family community of the provincial party committee on the second ring road in Chengdu.
It was almost dusk at this time, Xiao Qi didn't sit in Yu Chengsheng's house for long, and the Provincial Party Committee Secretary went home from get off work.
"Haha, Qi Shao, it's really not easy to see you." Yu Chengsheng and Xiao Qi shook hands enthusiastically before sitting down between the host and the guest.
"Uncle Yu, you are too polite. I'm not busy doing business. Now I have everything to do. If I don't hurry up, my factory won't know when it will succeed." Xiao Qi smiled shyly.
"Tell me about your experience in the U.S. and Japan this time. Business matters will not be discussed, lest you tell me that I will leak your trade secrets in the future." Yu Chengsheng said slowly while drinking ginseng tea from his wife.
Xiao Qi knew what he wanted to hear, so he thought about it for a while and said: "The development of the United States and Japan, especially in the high-tech area, is changing with each passing day. I have compared our domestic technological production levels. The gap is probably not three. I can catch up in five years."
"Well, I know." Yu Chengsheng said, "Because of this, you should be bolder and harder to develop. Our economic aggregate has increased, but our technical content is far from enough, especially ours. An inland province like Shuchuan is even a barren area. Since Xiao Qi, you have the talent bestowed by God, don’t waste it. You must bravely assume this kind of responsibility, whether for yourself or for us. National nation, you know?"
"Yes."
Feeling Yu Chengsheng's deep anticipation, Xiao Qi felt a burst of joy in his heart. This provincial party committee book all indicated that it was necessary to support one's own development, and the right time and place were already occupied that day, at least it was a good start to success.
"As for the economy of the United States and Japan, generally speaking, it is not optimistic." Xiao Qi continued to talk eloquently: "Due to the fierce competition in emerging markets and the rising domestic labor and resource costs, their economies have entered a stage of negative growth. Especially in the United States, people are accustomed to swiping their cards in advance to consume, and they will enjoy everything they buy before paying... If their income sources are cut off once the economic situation is bad, it may cause a huge shock."
Yu Chengsheng frowned: "Swiping card consumption? Our domestic young people. Haven't they started using money like this? Isn't this bad?"
Xiao Qi said: "These are two consumption concepts. We dare to swipe our cards in advance when we have so much money, and Americans dare to swipe their cards no matter whether they can make money tomorrow or not. These are not the main thing, the most important thing. Today, the U.S. dollar is the universal settlement currency in the world. Once the U.S. economy undergoes a huge shock, it will probably be a financial earthquake that will affect the world, and it will not only be oil prices that will be affected by that time."
The last sentence. That's what Xiao Qi really wanted to say.
Since World War II, the U.S. dollar has been pegged to gold. After other currencies were linked to the U.S. dollar, the world changed from the gold standard to the U.S. dollar standard, and the money that everyone trades on weekdays is all U.S. dollars.
Once the US government has a financial crisis and the economy retreats, the easiest choice for them is to achieve monetary quantitative easing—referred to as "printing money" for short.
As a result of the Fed's continuous printing of money, the purchasing power of the U.S. dollar in the hands of various countries has naturally depreciated rapidly, thus triggering a new round of currency inflation and greatly suppressing the economies of all countries.
This is why the future financial crisis will obviously occur in the United States. However, it happened that China and Japan suffered the most severe damage-the US dollar foreign exchange reserves held by the two countries happened to be the world's number one and number two.
Yu Chengsheng learned a lot of financial knowledge through self-study, but he still didn’t understand it. Fortunately, he had talked with Xiao Xu several times before, so he was somewhat clear: “Financial earthquake? I’m chatting with your father, he said If there is a financial earthquake in the past two years, no matter the way or method, it will be different from the financial turmoil of 1997."
"It's not the same. In 1997, I didn't enter China at all, and it was a financial sniper war, not a financial turmoil." Since it has been decided to sell favors. Xiao Qi decided to go into more details, "My father dare not say too seriously, because our country has more than 150 million US dollars in foreign exchange reserves, even if the US dollar depreciates by %, it is all for us. A disaster."
After calculating the percentage of 150 million, Yu Chengsheng's expression became solemn, "Sorry, you and your father are good at everything. They just like doing beautiful articles in the stomach too much. Why are such important things? Can't say it and send the internal reference?"
"Now the domestic economy is improving, and exports and imports have repeatedly hit new highs. When we say this, are we not afraid of being attacked, saying that we can't see the country's development?" Xiao Qi smiled bitterly: "In addition, the financial crisis in Europe and the United States Although it is about to come, isn’t it still here? Many people’s mindset is that as long as it hasn’t happened, we can take the opportunity to earn more money to withstand risks.”
"Naughty!"
Yu Chengsheng waved his hand, "Go back and tell your father that it is very irresponsible to only write articles about oil prices. I give him a week to write me speculations and estimates of the European and American financial crisis, otherwise he will stop working. Now, go home and do business with you."
Regardless of what Yu Chengsheng said so harshly, in fact he just wanted to squeeze the abilities of the two fathers and sons more.
The two of them didn't say how long, the nanny at Yu Chengsheng's family cooked the supper, and Yu Chengsheng and Xiao Qi ate together on the table.
Yu Chengsheng has only one daughter, graduated from graduate school in the United States~www.wuxiaspot.com~ and now works as a teacher at an Ivy League university with her husband. The salary and benefits are good.
For a girl, this is enough, and Yu Chengsheng is also happy to let her daughter and son-in-law not have to struggle in the sophisticated network of people in China, and just live a relaxed life.
Because of his daughter's absence, Yu Chengsheng lives with his wife on weekdays. Because he is too busy at work, he doesn't feel too lonely.
But this is not to say that they don't like guests at home. As long as they come with no purpose, the couple is actually very welcome. For example, Xiao Qi is their welcome guest.
After the reincarnated reincarnation, the teenager has developed a mouth that can speak well, and casually tells them some interesting stories at home and abroad, so that the provincial party committee will listen to them with gusto, and participate in the discussion from time to time. (To be continued. If you like this work, you are welcome to come to the starting point (m) to vote for recommendations and monthly tickets. Your support is my biggest motivation.)
PS: Six more! The talents have been fighting for another week, updating more than 80,000 in seven days! Heroes, please continue to use subscriptions, rewards and monthly passes to spur the talents! With full motivation, we can complete the promise of 10,000 updates every day! This 1,000 yuan update reward is really hard to earn! !
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