Manhattan Reborn 1978

Southeast Texas, Houston.

It's approaching evening~

West of downtown, 19 Piney Point Village, Memorial District, Piney Point Village.

Odis Parker, who came from New York, stood on the street with a large briefcase, waiting quietly.

After a moment.

David opened the door and came out of the house, waving to him in surprise: "Hey~ buddy!"

"Since you're here, why don't you come in?"

"come here now!"

"...Okay!" Otis Parker took a deep breath, looked past David, and saw old Morgan explaining something to Elder. He nodded and stepped forward.

. . .

In the study room on the first floor.

David held the briefcase and smiled at several people: "The data I wanted have been delivered."

"Should we continue?"

"Of course!" Professor Bartlet, who was in very good spirits, waved with a gentle smile.

Professor Paul Samuelson also looked forward to David and said, "What did you find again?"

"Hehe~"

"I didn't find it, Odis Parker found it for me..."

"Oh!" Professor Samuelson glanced at Mr. Parker standing outside the door and nodded.

Old Morgan passed by Mr. Parker and tilted his head to give him an approving look.

Elder followed old Morgan, looked at Mr. Parker carefully, nodded and smiled to express his goodwill.

Mr. Parker kept a polite smile, his eyes swept across several people in the study, and finally landed on Julie, who had her head lowered and remained silent. He paused for two seconds and backed away.

David opened the briefcase and took out several large labeled file bags. He opened them and looked at the contents while saying.

"Eduardo Galeano, a best-selling Uruguayan author, published "Latin America - Cut Veins" in 71."

"The content of the book roughly includes two parts: the history of plundering gold, silver, crops and other minerals from various Latin American countries during the Spanish colonial period; how neo-colonialism developed through the development of free trade, granting loans, building railways, etc. , and the process of using conspiracy, violence and other means to strangle the national industrial development of Latin American countries in its infancy."

"Furthermore, in the book, he analyzes from multiple angles how modern civilized means of investment, technology, economic aid, joint ventures, financial institutions, international organizations, etc. uncivilized participated in ancient plundering wars."

"And behind the wide-scale publication of his book, the widespread attention, discussion and sales boom..."

“Latin American countries, led by Argentina, Chile and Uruguay, suddenly broke into the dining table of international investors.”

"This is it!"

David found relevant data from the file bag in his hand and distributed it to several people one by one.

When he walked to the door of the study, Mr. Parker had already walked to the corner a few meters away and was waiting quietly. .

"Uh...cough!"

David covered his mouth and nose with his hands, coughed slightly, stared at old Morgan and Julie, and waved to Mr. Parker.

"Come on, Otis!"

"..."

Neither Morgan Sr. nor Julie made any reaction. Elder tilted his head meaningfully and smiled at David, also remaining silent.

Mr. Parker stood there and waited for two seconds. After not hearing any "sound", he walked up to David with shining eyes, nodded and said nothing.

David raised his eyebrows at him, pointed to the briefcase not far away, and made a gesture.

Mr. Parker walked quietly and steadily to the briefcase, and was ready to organize all the information in the file into categories. .

Everything is left unsaid~

David loved this feeling.

He smiled and put away his thoughts, looked down at the data in his hand intently, and continued.

“Years of open financial market policies have allowed countries such as Argentina, Chile and Uruguay to attract more international investors~”

"Due to the influx of large amounts of new capital, the overall economic development of these countries has entered a period of rapid development, showing a prosperous scene~"

"But we can see this from the fiscal revenue data disclosed by governments of various countries, as well as the growth curve charts of the total national debt published by various countries in recent years."

"They are using new debt to repay old debts to maintain the rapid development of the domestic economy!"

"At the same time, they are also overwhelmed by the various conflicts in their own country and can hardly concentrate on formulating the country's future economic development plan."

"Let's take Argentina as an example!"

"Its average national fiscal revenue growth before 71 was about 8%, and the growth in total debt was about 6%!"

"Since 71, its average fiscal revenue growth has risen to about 9%, and the growth in total debt has also risen to 5%!"

"The total liabilities of Argentina's major domestic enterprises and companies have also increased by at least 90% in recent years."

"In 76, various conflicts broke out frequently in Argentina. A large number of workers and students went on strike and demonstrated in the hope of fighting for higher wages and better benefits."

"When the Argentine government resolved these conflicts, it chose the most violent method..."

"Nearly a thousand people were killed or disappeared + more than 2000 people were imprisoned."

"This has caused people's trust and support for the government to drop again and again, and the confidence of foreign investors has dropped to freezing point."

“When Argentina’s domestic political situation is unstable + social conflicts erupt violently + the gradual expansion of foreign debt and inflationary pressures seriously affects the competitiveness of export commodities, a series of negative factors are placed in front of international investors.”

"They must have already been planning to make a profit and leave the market to find better investment markets or opportunities."

"Without the support of these dollars, the capital chains of some large domestic enterprises and companies in Argentina will definitely not be able to support it, and large-scale bond repayment defaults will occur, causing a major earthquake that will affect the entire financial market."

“The Federal Reserve Bank of America’s continued interest rate hikes will sound the whistle for the return of the dollar into the domestic trend~”

"After the interest rate hike, the appreciation of the rice dollar and the rise of the rice dollar index will make most currencies in the international foreign exchange market enter a period of depreciation. Inflation pressure in Argentina continues to increase, which invisibly urges international investors to cash out and evacuate!"

"So, if the Argentine government cannot solve the growing domestic conflicts within this and next two years and increase its management of the domestic monetary system, domestic corporate debt defaults, and national foreign exchange debt..."

"Countries such as Argentina, Chile and Uruguay will all fall into a huge financial crisis and credit crisis!"

David turned the information in his hand to the last page, took a quick look, put it aside, picked up several stacks of information and distributed them to several people, and then continued.

"The Chicago Mercantile Exchange has launched a total of 7 foreign exchange futures contracts: British pound, German mark, Japanese yen, Swiss franc, Mexican peso, and Italian lira."

“Among them, the British pound and Italian lira futures contracts, which were the most popular in previous years, have attracted the attention and investment of countless people.”

"In recent years, the continuous appreciation of the Japanese yen has added fuel to the fire in the foreign exchange futures market, making it the futures product that international investors pay most attention to."

"Especially last year, the sharp appreciation of the yen allowed many investors who seized the opportunity to make a lot of money. It also allowed many international investors who had recovered their funds abroad to see new opportunities!"

"But~"

"As we said before, the island nation is different from Argentina, and the yen is even more different from the Argentine peso."

"Island governments have been strictly controlling the speed and total amount of foreign capital flowing into the country in recent decades."

"In the past few years, the funds that tried their best to bypass the supervision of the island country's government have nearly doubled their profits after the sharp appreciation of the yen."

“In the past, you could buy high-quality assets worth 1+ yen with 300 meter, but now you have to spend nearly 2 meters.”

"If it were me, holding a high-quality asset with a good yield in an island country, I would definitely not cash out and leave now!"

"Because, I only need to invest in a forward foreign exchange futures contract to buy a guaranteed profit-free insurance for my high-quality assets in the island country, ignoring the price fluctuations in the foreign exchange market and ensuring my interests!"

"So, the island country will not encounter the same economic crisis as Argentina and other countries caused by the massive outflow of rice dollars!"

"This is one of the biggest differences between the island country and Argentina."

"The other biggest difference is geopolitical issues."

"The geographical location of the two countries..."

(Five hundred words are omitted here...)

. . .

David turned the information in his hand to the last few pages, looked at Old Morgan and Julie with a smile, and said.

"Inflation + economic stagflation has not only troubled the United States for many years, it has also troubled the once largest country in the world, the United Kingdom!"