Return to 78: Why are all the Americans panicking about doing scientific research?
Chapter 299 Future Profits of the Clothing Business
“Is the island nation’s economy going to enter a cold winter?”
Wang Lei was incredulous: "The island countries' economic development has never encountered any major problems. Why do you think their economy will encounter a cold winter?"
Lin Kaifeng sneered: "If you were a farmer and your sheep were fat, would you continue to raise them?"
"This one……"
Wang Lei hesitated for a moment, shook his head and said, "Probably not."
"The island nation is a big fat sheep, and the one feeding it is none other than the United States."
"A large number of goods from the island countries have entered the United States, causing an unprecedented impact on the U.S. manufacturing industry and other industries. If the U.S. top leaders do not take action, an economic crisis will come."
Constrained by the large number of agreements signed with the United States, the economic development of the island country is like a rootless duckweed.
The United States does not want to clean up the island countries, so the island countries can develop freely.
When the United States decides to take action against the island countries, no matter how great the economic development achievements of the island countries are, it cannot change its fate of becoming lambs to be slaughtered.
Lin Kaifeng said: "Wang Lei, you have lived in the United States for a long time. You must have heard a lot of nonsense from the business community in the island country, right?"
Wang Lei recalled: "I remember many entrepreneurs from the island countries declared on different occasions that the island countries' economy would soon surpass that of the United States and become the world's largest economy. The land prices in the island countries could buy half of the world, and the real estate prices in their metropolitan areas could buy the entire United States."
The island nation's business community has publicized more than once that its economy will soon surpass that of the United States and that it will buy all of the land in the United States and let Americans rent houses there.
In response to this, Americans have unprecedented concerns, worrying that the island country will really do this one day.
By purchasing a large amount of American land, it has become the new owner of the United States in disguise.
The people have repeatedly asked the US top leaders to take action to change the trade imbalance between the United States and the island countries.
The island country's cheap goods have given the American people more choices, but have also caused a large number of Americans to lose their jobs.
The industries most affected are the traditional industries of the United States, including steel, automobiles, and ships.
These core industries in the United States have been impacted by the island country, and the number of unemployed people has increased.
A large number of companies in the United States have changed their owners, and are either directly controlled by island companies, or have had island companies become major shareholders of these large companies.
The traditional agricultural areas of the United States are also affected by the island countries.
Many Americans don't understand why island nations have such an urgent desire to buy land.
Not only did it purchase large amounts of land in the United States, it also acquired land in many regions around the world.
Thinking of this, Wang Lei blurted out: "Brother Lin, you think the island country's economy is about to enter a cold winter. Do you mean that the US government has completely lost its patience with the island country's economic expansion and is preparing to interfere with the island country's economic development through coercive pressure to resolve the imbalance between the two countries' revenue and expenditure?"
"Yes."
Lin Kaifeng said solemnly: "The United States has long focused on confronting the Soviet Union. Since the beginning of the Cold War, the Eastern Bloc represented by the Soviet Union has become a major concern for the United States."
"The economic invasion of the island nation is seen by top U.S. officials as just a minor incident."
"Once they have time, they can push the island nation into the abyss at any time and anywhere."
"Now, the United States is ready to take action."
Lin Kaifeng revealed to Wang Lei some limited information about how the United States would deal with the island country.
In the early 80s, the United States devalued its currency on a small scale.
This indirectly led to a significant appreciation of the island nation's currency.
At that time, the island nation's economy was booming, and the island nation was not at all alert to the sharp appreciation of its currency. Not only did they not suspect that the United States had ulterior motives, but they felt that the island nation's currency should appreciate.
After all, the island nation has long become the world's second largest economy, and appreciation of its own currency is in line with their status as an economic power.
I don't know.
This is the poison that the United States feeds to the island country.
The main content of the Plaza Accord is also to appreciate the island country's currency.
The island nation's large-scale economic expansion not only aroused the vigilance of the United States, but also caused a large number of Western countries to complain.
The development models of Western countries and the United States are similar. Countless capital from island countries has flowed into these countries and acquired their core industries on a large scale.
The island nation's shopping spree makes global capital countries feel uneasy.
In September next year, the United States, West Prussia, Gaul, and Britain will join forces to put pressure on and interfere in the island country's foreign exchange market.
Induce island countries to agree to continue appreciation of their currencies.
A few days after the island nation's currency appreciated, a large number of investors frantically sold US dollars.
Then, the US dollar experienced a four-month long decline.
Before the decline, 1 US dollar could be exchanged for nearly 300 island currencies.
The continuous decline over the past few months has caused the exchange rate between the US dollar and the island nation's currency to drop from 1 to 270 at its peak.
It becomes 1 to 198.
The exchange rate of the island nation's currency continued to fluctuate, and Western investors began a feast of harvesting the island nation's economy.
There is still one year before the curtain rises.
It is enough for Lin Kaifeng to make various preparations.
The good days for the major photoresist companies only lasted for one year.
A year later, these people will see with their own eyes how their American father wields the big stick and beats the island country so badly that it will be unable to recover.
"Brother Lin, I understand what you mean. After I go back, I will keep an eye on the exchange rate market of the island country. If there is any sign of trouble, I will call you immediately to inform you."
After working with Lin Kaifeng for so long, Wang Lei has learned to read people's expressions to some extent.
Lin Kaifeng said a lot that the United States wants to carry out economic harvesting on island countries. What is its purpose?
Wang Lei almost understood it.
Lin Kaifeng is ready to get a piece of the economic harvest.
Lin Kaifeng patted Wang Lei on the shoulder and said amiably, "When you go back, you only need to pay attention to the exchange rate market between the United States and the island country. You don't need to pay too much attention to other things. I'm planning what to do. When everything is ready, we'll go share the island country's cake together."
"There is one more thing you need to do. If you do it well, we can get a bigger piece of the pie from another market."
"whats the matter?"
Wang Lei said excitedly.
"Increase the output of garment factories and expand production scale."
At present, the clothes produced by Wang's clothing factory are almost all business clothes, which is far from enough.
Lin Kaifeng proposed that the product range must be expanded in addition to producing business attire such as suits, ties, and shirts.
Jeans, sweatpants and a series of trendy clothing should not be left out either.
"They are clothing now, but in one or two years, they will become hard currency in our hands."
Wang Lei was confused and said hesitantly, "The current clothing export business can only be said to be stable and improving. Once the clothing factory expands its scale and produces other types of clothing besides business clothing, I need to find new agents to open up these new markets. In addition, the profits that can be obtained from the clothing business have stabilized. How can it become hard currency?"
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