Someone once ranked the major events that occurred in the global financial community in the decade of the 80s of the last century, among them, the foreign ministers of the United States, the Federal Republic of Germany, France and the United Kingdom, on September 22, 1985, signed the "Plaza Accord" at the Plaza Hotel in New York, which is recognized as the event that had the greatest impact on the global financial economy in the 80s.
From the perspective of the time, the signing of the "Plaza Accord" at that time really avoided the situation of overheating the US economy and the excessive strength of the US dollar, and restored the temporary economy of the world to a reasonable state.
However, if we analyze the introduction of this agreement from the perspective of later generations, there are actually all kinds of drawbacks.
At that time, because of the economic stimulus policy of the Reagan administration, a large amount of international hot money poured into the United States, which continued to strengthen the dollar, made the United States' trade deficit continue to expand, and the fiscal deficit also increased day by day, thus finally making the company the world's largest creditor.
In the 80s, he was probably the craziest person in the world, and the rapid growth of the economy and the low level of the yen gave him a lot of wealth, and they waved checks, bought Rockefeller Center, bought the Empire State Building, bought Columbia, and the value of real estate in a small Tokyo was worth more than the real estate in the whole of the United States.
Under such circumstances, how can those vested interests in the United States still sit still?
The little land of projectiles is nothing more than a dog raised by our great America on the west coast of the Pacific.
Now that this dog is full of food and drink, how can he dare to bite me, the owner, in turn?
No, this situation will never be tolerated!
As a result, many large manufacturing business owners and congressmen in the United States began to sit still, and they lobbied the US government one after another, strongly urging the Reagan administration at that time to intervene in the foreign exchange market and depreciate the US dollar in order to save the declining US manufacturing industry.
Many economists have also joined the lobby to lobby the government to change its stance on a strong dollar.
As the godson of the United States, when they saw that their godfather was going to get angry, they naturally did not dare to fight with their godfather, so they were instigated, and their then finance minister Noboru Takeshita even publicly declared on behalf of the government that they were willing to cooperate with the depreciation of the dollar and that they were willing to appreciate the yen.
Since the godson is willing to cooperate, as a godfather, he has to give face.
So, it was in this situation that the Plaza Accord was finally released.
It is estimated that none of the finance ministers of the G5 countries who participated in the formulation of the Plaza Accord at that time did not expect that this agreement, which seemed to be good to all countries at the time, was actually an out-and-out economic bomb.
Because of the signing of the Plaza Accord, the dollar plummeted by 20 and the yen appreciated by 20 in just 90 days.
If at this time, people can restrain their greed a little, then the Plaza Accord will indeed play a positive role.
In fact, the percentage of yen appreciation negotiated by countries in the Plaza Accord is around 20 However, the terrible thing is that human greed is always endless.
The dollar plummeted and the yen appreciated, which made some vested interests see the huge benefits it brings, so under the joint promotion of many vested interests, the yen continued to appreciate wildly, from 1 dollar to 250 yen before the signing of the Plaza Accord in September 1985, in just two years, in September 1987, the exchange ratio of the dollar and the yen reached a terrifying 1 dollar to 120 yen, and the yen appreciated as much as 111 in two years!
This is really a bit nonsense, you two are not some unknown small country in Africa, these are the two most important currencies in the world at that time!
One is the dollar, the world's only settlement currency, and the other is the yen, the currency of the United States at that time, when the total economic volume was close to that of the United States.
As a result, the economy has completely fallen into a decade-long economic stagnation, and later generations even call this decade "the lost decade of the capital".
It's not comfortable, but it's good for you to be the godfather of the United States?
How can you feel like other countries that are fanning the flames behind the United States?
They played too hard, and as a result, when they were in pain and other developed countries were snickering behind their backs, the stock market crash that affected the world on October 19, 1987 immediately gave these countries a blow to the head!
In the final analysis, the root cause of all this lies in the insatiable greed of those with vested interests.
It is no exaggeration to say that the Plaza Accord signed in September 1985 and the Louvre Accord signed in February 1987 were tools for a group of vested interests to share this piece of fat, but they played too far, and as a result, the stock market crash that spread around the world and the global economy suffered a heavy blow.
Well, these are a bit far away, no matter what the consequences of the "Plaza Agreement" will eventually cause, it is nothing for Yang Jing!
Just a few tosses, let's just honestly follow behind and secretly drink two mouthfuls of delicious soup.
Seeing that Yang Jing didn't speak for a long time, Cesar coughed and asked, "Boss, what should we do?"
Do you hold the yen directly or do you operate through foreign exchange futures?
” Cesar's words woke Yang Jing up from his contemplation, he looked at the people around him who were looking at him, smiled slightly, and then said very calmly: "Since you want to invest, you naturally can't use the way of holding currency to operate, so the profit is too small."
We operate this investment with forex futures. ” Hearing the mysterious boss say this, Cesar and his teammates all waved their fists excitedly.
Obviously, this more aggressive and daring way of doing things is what they like best.
Foreign exchange futures were produced in 1972, and now it has a history of 13 years, and foreign exchange futures have also developed more standardized.
Therefore, it is still possible to use this method for foreign exchange speculation in this day and age.
However, compared with the speculation method of directly holding currencies, foreign exchange futures are undoubtedly more risky, although foreign exchange futures can use the margin leverage trading policy to obtain huge profits, but again, once not grasped well, this way of operation will also make investors become left with nothing or even huge debts overnight.
It is much safer to hold the currency directly, although it also faces the possibility of loss, but it is not as powerful as foreign exchange futures.
In short, there are pros and cons to these two methods, depending on how the operator chooses.
It seems that in this speculative action of the depreciation of the dollar and the appreciation of the yen, not only Yang Jing is staring at this piece, but also many financial predators are also gearing up.
For example, George Soros, who has just made his mark in the international financial market.
Yang Jing, who is familiar with this investment action, knows very well that in another 20 dollars, that is, in mid-August, Soros's quantum fund will hold a large number of depreciating yen and West German marks after obtaining funds through collateral margin credit, and by September 5, 1985, the quantum fund has held a total of nearly 800 million US dollars worth of these two currencies.
Among them, the value of the holding mark is 49.1 billion US dollars, and the value of the yen is 30.8 billion US dollars.
At that time, Soros was not as aggressive as when he blocked the pound and launched the Southeast Asian financial crisis, and he took a more prudent way of holding the currency in this investment operation.
However, Yang Jing is not Soros, Yang Jing, who is clear about this investment action, is equivalent to having a golden finger, if he is not afraid of the possibility of causing a paradox of time and space, he will play more radically.
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But even so, Yang Jing, who has decided to use foreign exchange futures for this operation, is far more radical than George Soros's quantum fund.
Before preparing to make this investment, Yang Jing specially asked the Holy Ring, and the Holy Ring gave a very positive answer, "Thanks to your last London Gold investment action, the loss and income of your investment action will increase exponentially, that is to say, it is no problem how much money you invest, but it is best to control the loss and profit within 10 billion US dollars, if it exceeds this range, there is the possibility of causing a paradox of time and space!"
” Yang Jing still has about $3.6 billion in his hand now, and he decided to invest $3.5 billion, although the maximum profit is only $10 billion, but the yield close to $300 is still relatively good.
"Today is July 28th, Cesar, and I ask the five of you to complete all the preparations within a month, and I ask you to open no less than twenty accounts within a month on the London International Financial Futures Exchange, the Singapore International Currency Exchange, the Tokyo International Financial Futures Exchange, the French International Futures Exchange, and the Chicago Mercantile Exchange on the International Money Market and the Philadelphia Futures Exchange, and then divide the funds I have prepared equally among these accounts in these six foreign exchange markets.
You know what my purpose means, right?
” Cesar smiled: "Don't worry, boss, with a month of preparation, I promise that this investment operation will never let anyone touch our tail."
One hundred and twenty accounts, with an average of less than $30 million in funds per account, is simply unnoticeable in the huge foreign exchange futures market.
However, BOSS, we can be responsible for ensuring that the final profitable funds escape smoothly, but we cannot guarantee whether the flow of funds is detected.
In this regard, I think you would be better off bringing Mr.
Brad Jones over.
The way he hid his profits last time was fantastic, and if it weren't for him, we wouldn't have escaped the investigation of those investigative agencies. ” Yang Jing smiled slightly and said, "Don't worry about this, since I have already gathered you all, how can I forget Mr.
Brad Jones?"
But it's useless for him to come here now, and when our profits are gone, that's when Mr.
Brad Jones will start fighting.
Mike, Mr.
Jones is up to you, no problem, right?
” "Haha, don't worry, Brad, like Cesar, has been waiting for your call again." ps: Bow and thank you for the 100 tip of "Chilled Octave", so what, brother, are your legs better?