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

Chapter 473 Tourism Investigation 2

For a week, Luo Nianzhong took his family to travel around Iceland.

There is no need to talk about the Northern Lights, because living in the capital Reykjavik, you don’t even need to go out to see the Northern Lights.

The colors of the aurora are mostly green, white, yellow and blue, but the Luo family was lucky to see the rare red and purple aurora the day after Christmas.

If you haven’t seen the Northern Lights, you really don’t know how magical nature is. In Guan Jiahui’s words, it is both exciting and gorgeous.

The anxiety is due to the fear of the unknown, the kind of uneasiness you feel when you first see the aurora, and the nervousness as if something is going to happen in the world.

The word "gorgeous" refers to the stunning beauty brought by the aurora itself. Once you get used to the aurora, you will really be intoxicated by this colorful and magical scenery.

In addition to the aurora, which is common in Iceland, there are also black sand beaches, golden waterfalls, blue ice caves, etc.

The scenery is very beautiful and has a very fairy-tale-like quality. The only thing that the Luo family cannot adapt to is the current polar night phenomenon.

The polar night does not mean that it is dark 24 hours a day. At 12 noon, the sky is a little white, just like when it is dark in winter but not completely dark. This is the only time when Luo Nianzhong can feel that it is daytime.

No wonder Iceland’s per capita condom usage ranks among the highest in the world. What else can you do in this weather?

As I said, Iceland is a sparsely populated country, and when two people start dating they have to ask about their family tree first, for they are afraid that the lovers will end up becoming siblings.

The fact that so many condoms are used in a situation where everyone has little emotional experience really shows that the polar night weather is extremely idle.

It is very rare for a man to have such strong desire for a woman for a long time, which can be seen from the family situations of most of them.

After spending Christmas and New Year’s Day in Iceland, the family prepared to take a day off from the ranch before returning to Hong Kong Island.

Luo Nianzhong, Chris Zhao Yazhi and others were resting on the ranch. The energetic Luo Laosi and Luo Laowu took Luo Anran to the capital Reykjavik for a stroll.

"It seems like you have other purposes for this trip to Iceland. You really are able to take a vacation and work at the same time."

In the study, Luo Nian, who was deep in thought, was interrupted. He picked up the coffee brought by Chris and took a sip. After putting it down, he hugged the other person tightly in his arms.

"How did you find out?" Luo Nianzhong didn't feel that he had revealed any flaws.

"intuition".

Very good and powerful, a woman’s sixth sense.

Luo Nianzhong found a narrow valley with his palm and covered it, and asked, "Guess what my plan is next."

"I don't know." Chris shook his head.

“All I can think of is Iceland’s financial industry, but the current scale of Iceland’s financial industry is not worth your attention.

Unless you think there's a super bubble in Iceland's financial sector, I find it hard to believe that this is happening."

Iceland's financial industry, does this word sound ridiculous? In a country with a population of more than 300,000 people and an area with extreme weather, there are actually people interested in its financial industry.

You know what, Iceland does have a financial industry, and it's developing quite well.

Fishing is now Iceland's most important industry, and it can also be said to be almost Iceland's entire industry.

Don't underestimate fisheries. Its economic effect is similar to that of oil, but it is a renewable resource.

That is, the profits generated by the fishery can continue indefinitely.

However, renewable does not mean unlimited fishing. Besides, Icelanders were used to being poor, so with such a good opportunity to get rich, they didn’t care about resource protection and just fished as much as they could.

But there is a problem here, that is, the number of fish in the same sea area is basically fixed.

Suppose there are 1,000 kilograms of fish in the fishing grounds in the Icelandic waters, and fisherman A catches 200 kilograms, leaving only 800 kilograms for other fishermen.

In order to earn more and catch more fish, some fishermen will definitely build larger fishing boats.

What about other fishing boats? In order to avoid losses, they have to spend more time fishing at sea and keep reducing the retained weight of fish, that is, the size of the fish caught.

The consequence of this is that the fishing speed of fishermen cannot keep up with the growth of the fishery, and a decline in fishermen's income is inevitable.

Just like the cod grounds in Canada, eventually there were no fish to catch, and a large number of fishermen changed their jobs or became displaced.

Under such circumstances, the Icelandic government implemented the tradable quota system in 1976, which led Iceland onto the path of the financial industry.

As the name suggests, the tradable quota system is to set annual cod fishing quotas and stipulate the total catch number.

Fishermen who obtain quota fishing licenses can not only go out to sea to fish and make profits, but also have an additional source of income, which is to resell the quota license.

In the past, when there was overfishing, there was an oversupply in the market and fishery income decreased year by year.

Now that production has been controlled, fishery profits have increased significantly. The price of quota licenses has naturally risen, and they can even be deposited in banks, turning into a financial product.

Since it is a financial product, leverage and bubbles follow, which leads to the value of quota licenses being continuously raised far exceeding the number of fish.

Logically speaking, your quota license is for 1,000 kilograms of cod. A kilogram of cod sells for ten yuan in the market. Excluding costs, the fish caught with this quota license is only worth ten thousand yuan.

But since it is a financial product, its value cannot be calculated in this way.

With this quota license, one can mortgage 90% of the funds from the bank, and use this 90% of the funds for operations and loans, and thus a bubble will appear.

When Iceland went bankrupt during the 08 financial crisis, the bad debts of local banks in Iceland were nine times the country's GDP. The country didn't know how to save it, and it didn't have the ability to do so.

There is a lot of money to be made here, and Luo Nianzhong will not miss it, but this is not the ultimate purpose of his investigation in Iceland.

His ultimate goal is to build a Far East industrial center in Iceland in the future as one of the European industrial centers.

Iceland has a large number of volcanoes, and the geothermal heat can be used to generate electricity in the form of steam.

In addition, Iceland has abundant water resources, making it very convenient to build hydropower stations.

We all know that Iceland's residential electricity is one of the cheapest in the world, but forty years later, Iceland's commercial electricity is even cheaper than Iceland's residential electricity.

This is Europe, a country with high consumption, and Northern Europe at that. Don’t you find it incredible?

"I was wondering why you spent so long looking at those aluminum plants under construction. It turns out they were targeting Iceland Power."

"That's right. Leading mining companies cannot just develop in Rabbit. They will definitely build factories in Europe when the time comes."

Aluminum refining requires the most electricity, as can be seen from the word "electrolytic aluminum".

Since the early 80s, North American and European aluminum companies have chosen Iceland as their next construction target, mainly due to the significant reduction in costs.

Chips, data centers, aluminum industry, etc. are all major consumers of electricity and water.

It is not obvious now, but when informatization and digitalization come, whoever can use cheaper electricity and water will be able to save more costs and create more profits.

It doesn't have to be much, even 10%? How about % of tens of billions of dollars?

"So you're planning to enclose the land?"

Smart, now no matter whether it is leading the mining industry or other industries in the Far East, it is impossible to build factories in Iceland immediately. In order to seize a better geographical location, it is necessary to enclose land.

"I have asked someone to negotiate with the Icelandic authorities."

"What's the purpose?"

"Raising cattle".

"How could you think of that?"

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