We are all reborn, who wants to be the richest man?

Chapter 353 European Headquarters Launched

"It seems that you have brought in a lot of forces, and each family can't get much."

“There’s nothing we can do about it. In the past, the top people in the wealth circle didn’t pay much attention to luxury goods.

But your YDD Group has made people change this view. The power in Europe is deeply intertwined, and there are too many families involved behind it."

Regarding Citigroup's statement, Luo Nianzhong didn't know whether it was true or not. With Wall Street's ability, it was completely possible to abandon those families and only invite two or three partners.

But Luo Nianzhong didn't care whether they used this as an excuse or whether it was really a profit sharing.

What he values ​​​​is pricing power. The establishment of three large luxury goods groups can basically monopolize more than 70% of luxury brands on the market. This means that the three-party cooperation can completely control market prices.

"I will let Arnaud contact you, and we can implement the plan when you are ready."

After taking a look at his watch, Luo Nianzhong stood up and left after realizing that it was almost time.

"Everyone, I won't accompany you for now."

"Mr. Luo is busy first, and I would also like to congratulate Far East Semiconductor on the opening of its European headquarters.

It just so happened that we went out for a walk to say hello to acquaintances, but I wonder if those French cultural people would like to see us."

But he is self-aware. De Gaulle is a determined destroyer of plutocrats, and these old people in France are all affected by this.

Moreover, France has a disdain for beautiful countries at its core, and always feels that they are nouveau riche.

It was ten o'clock to ten o'clock, and Mitterrand, the French boss, arrived belatedly. It seemed that he really had a lot of things to do.

But considering the current situation in France after he took office, it is normal.

When the French boss arrives, Luo Nianzhong, as the owner, and the Wall Street capitalists will definitely come out to welcome him.

"Mr. President, thank you for taking time out of your busy schedule to attend the launch ceremony of the European Headquarters of the Far East Semiconductor Research Institute today."

“Yes, the development of high-precision technology is one of France’s next economic policies.

The Far East Semiconductor Research Institute is a world-renowned research institution where many great projects that benefit all mankind have been born. I also hope that this place can become a model for France and drive more talents to enter this industry."

After a simple hello and a few polite words, it was almost time to cut the ribbon.

However, unlike Luo Nianzhong and Mitterrand, who talked happily and complimented each other, the people on Wall Street seemed to be hiding their swords behind their smiles.

The reason for this happened more than ten years ago in 1973.

After World War II, French President de Gaulle was regarded as the hero who saved France. Many people said that if it had not been for de Gaulle, France might have become a second-rate country.

But he has developed France's economy very well, but none of the big capitalists and entrepreneurs in France like him. Doesn't it feel very contradictory?

There are two main reasons. First, he did not learn from the free economy of the beautiful country. Not only did he allow state-owned enterprises to control the lifeline of the national economy, he also required banks to hand over 20% of the security deposit to achieve the purpose of state control of the economy.

In addition, de Gaulle also proposed a special bill that allows employees to hold shares in the company to increase income.

Such a development, with many measures that run counter to the Western liberal economy, is regarded as alien by capitalism led by Britain and the United States. How can those capitalists like it?

So after de Gaulle stepped down, the capitalists put their ideal figure on the throne of the president.

And this successor, Pompidou, did not disappoint the donors, and soon promulgated a special banking bill, later known as the "Pompidou-Rothschild Law."

It can also be seen from this name who this banking law is beneficial to, and this bill was formulated by Pompidou and Rothschild together.

The Pompidou-Rothschild Banking Law stipulates that French companies cannot borrow money directly from the central bank but can only borrow money from private banks at an interest rate of 4%.

Doesn’t it sound reasonable at first glance? The interest rate is also within a reasonable range, but if you understand the policies of the De Gaulle period, you would not think so.

Since large-scale projects such as railways, highways, and nuclear power require huge investments and long payback times, a large number of huge, low-interest loans are often required to start the projects.

The De Gaulle government stipulated that the central bank would provide large amounts of loans to these projects at a low interest rate of 1% every year, allowing them to invest in infrastructure and industry to stimulate the economy. However, things have changed since the Pompidou-Rothschild Banking Law.

There are three points here. The first is that loans can only be obtained from private banks, the second is that the interest rate has increased to 4%, and the third is that the money in private banks is actually a large amount of money sown by the central bank at 1% interest every year.

In other words, these banks don't have to pay a penny of principal, but they can easily earn the 3% interest difference with just one hand.

How huge is this money? Someone calculated in 2020 that as of 2020, this banking law has directly allowed Wall Street and European financial giants to rob France of nearly two trillion euros.

If you include the interest repaid over the past few decades, it would be at least more than 4 trillion euros. This shows how the world's top behind-the-scenes masterminds make money.

It was also the promulgation of this banking law that led to the end of the French economy's rapid growth during the De Gaulle period.

As loan interest rates increased, costs also increased. Factories began to move overseas and set up factories abroad, and the French economy began to move into a vicious cycle.

Mitterrand is now a bit like de Gaulle economically. Although he cannot overturn the Pompidou-Rothschild Act, he promotes the nationalization of enterprises.

This is a different way to suppress the Pompidou-Rothschild Act, so it is surprising that Wall Street giants and the new president can see eye to eye.

"Bang bang bang".

The salute sounded. Mitterrand stood in the middle with a smile on his face and cut off the ribbon with Dejeune. The French media who had already set up the equipment and the invited media from other countries pressed the shutter button one after another to record this historical moment. .

“Hello, I’m a reporter for Les Echos.

May I ask, Mr. President, what does the opening of the European headquarters of the Far East Semiconductor Institute mean to France next?

Will your economic strategy of increasing investment in scientific research and supporting high-tech technologies expand in scale?"

"We do not rule out the possibility of increasing investment, but this economic strategy will not change no matter what."

"Mr. De Genna, may I ask what is the next research field of the European headquarters of the Far East Semiconductor Research Institute? Or what projects will the research funds be focused on?"

"There is no specific research direction, we will try as long as it is a field that promotes human progress."

This is true. Luo Nianzhong did not specify specific research directions for the European headquarters, as long as he communicated well with the headquarters.

"Hello Mr. President, will France vigorously develop the semiconductor industry next?

We all know that the future of the semiconductor industry is bright, but in this field there is a big gap between us and North America, represented by the beautiful country, and Asia, represented by the island country of Hong Kong. Will you build France into the semiconductor center of Europe..."

After the ribbon-cutting, reporters will ask questions. Of course, Mitterrand and DeGenere will be the focus of the media.

"It seems that the new president enjoys the feeling of being in the spotlight. Looking at his boastful speech, he is really proud of himself."

Luo Nian, who was hiding behind the scenes and not appearing in front of the media, laughed secretly at Citigroup's insinuation of Mitterrand.

These capitalists really didn't want to see the new president. They even stopped pretending to be gentlemen and began to mock him in front of Luo Nianzhong.

"Don't pay too much attention to it. No matter what his policy is, it is not easy for you to shake the current French economic structure.

After our plan is implemented, France will become our cash machine and harvest the rich from all over the world.

Romantic City is really a good nickname. Is there any better advertisement to attract women than this name? "

"Hahahaha, Luo, I just realized now that we are the same kind of people. I like your greed."

Not only Federliman of Goldman Sachs, everyone showed a smile as if they were treating themselves as human beings.

A type of person? Maybe so.

But your greedy eyes are staring at the wealth of everyone except the top-level Jewish and Anglo-Saxon nobles, while my eyes are aimed at you.

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