novellhall Chapter 65 A Nonsensical Dog's Christmas
Chapter 65 A Nonsensical Dog's Christmas
Jesus married a wife, Jesus took a concubine.
Jesus stole three thousand dollars from me, and I still haven't gotten it back by the time I got home.
Hey! Lit up, tidi up, serious and delicious~
Li ta li, li ta li, three thousand become six skins~
Grandma Sukun, Sukun is so depraved~
Ah Su is so lucky, he's making so much money!
Hey! Time to beat the ashes, time to beat the ashes, Asu has no manuscript!
Every night, it's time to beat the ashes, and Brother Su will take care of the rest.
........................
On Christmas Day, families enjoyed themselves.
After singing a free-spirited version of "Jingle Bells," Chen Jiagang and Chen Mangniu couldn't stop smiling.
Chen Xiangshui was so embarrassed he wanted to dig his toes into the floor. He rolled his eyes at Chen Guanjiang and said, "How can you, as the older brother, teach your younger siblings to sing such weird songs?"
"That's great! The sooner you learn, the sooner you'll know."
Chen Guanjiang didn't think there was anything wrong with it; knowing something is always better than not knowing it, and it's the kind of education that's shrouded in secrecy that's worth being wary of.
Throughout history, the four most profitable businesses have been: love, dealing cards, interest, and immortality.
Over time, the four most profitable businesses have evolved in various ways, yet they all remain fundamentally the same.
Regardless of economic, political, geographical, religious, cultural, or racial development, these four types of businesses can always guarantee profits and will never incur losses unless restricted by external forces.
and so!
The four most profitable businesses are always kept secret, concealed while high barriers to entry are set up.
At present, Chen Guanjiang is not qualified to participate in games of this level. He only hopes that his younger siblings will be able to participate when they grow up.
If you can see through and attain enlightenment early, and truly understand the essence of how the world works, you'll be fortunate to suffer fewer losses.
"It's rare that you're not busy today, why are you so happy?" Chen Xiangshui asked with a smile.
Of course!
Chen Guanjiang exclaimed in high spirits, "Your younger brother is about to make it big!"
"Haven't you already made it big?" Chen Xiangshui was taken aback.
Chen Guanjiang has risen to become a new tycoon in the newspaper industry, making tens of millions of Hong Kong dollars in the stock market. He has become so wealthy that he never dared to dream of it. How much more wealthy can he become, and how far can he go?
"Amitabha!"
Chen Guanjiang smiled mysteriously and said, "The Buddha said: It cannot be spoken!"
"snort!"
Chen Xiangshui gave a disgruntled snort and said, "You only say half of what you mean, leaving us in suspense."
"Ha ha!"
Chen Guanjiang's unrestrained laughter carried a hint of helpless resolve.
The so-called "knowing not only what, but also why" is true.
The Hang Seng Index began its climb in 69, but in four years it only rose from 160 points to 843 points.
Why did it surge rapidly at the beginning of next year, doubling in just three months before quickly falling back?
Based on international information and recent developments, Chen Guanjiang finally found the answer: the collapse of the Bretton Woods system.
After World War II, the United States possessed the world's largest gold reserves, which enabled it to peg the dollar to gold, making the dollar the global reserve currency. This is the "Bretton Woods system".
At an exchange rate of $35 per ounce, the United States' 2 tons of gold reserves could issue $246 billion, while the actual total amount of US dollars in circulation was $1500 billion.
With $1 of gold as collateral, six times the amount of currency was issued, with an official price of $35 per ounce. However, no one could buy the equivalent of gold from the United States for $35 per ounce.
The real price is $212 per ounce, which is not a high percentage from the perspective of money supply and economic stimulus.
but!
Fifteen years later, America’s gold reserves had fallen to 15822 tons, but its total currency had reached $3100 billion.
The official price is still $35 per ounce, but the mortgage issuance price is $555 per ounce, which is really strange.
Thus, starting in 1965, European countries, led by France, began to challenge the dollar's global currency status after their rapid post-war economic recovery, exchanging dollars for gold and repatriating them to their home countries.
In 1970, the United States' gold reserves fell to 9839 tons, while its total currency supply reached $6300 billion. The collateral price of $1815 per ounce drove countries to frantically exchange their gold reserves.
at last!
In 1971, the United States succumbed to pressure and unilaterally broke the agreement, ceasing the exchange of gold and devaluing the dollar to $38 per ounce, signifying the beginning of the collapse of the Bretton Woods system.
It can collapse, but it doesn't happen instantly.
That would be tantamount to the collapse of the global economy and trade, which must be a planned and orderly gradual collapse.
The collapse of the Bretton Woods system actually occurred in four steps:
It began to collapse on August 15, 1971;
Free float on March 16, 1973;
The law was repealed on January 7, 1976;
It officially came into effect on April 1, 1978;
Therefore, after rising from $35/ounce to $38/ounce last year, the dollar will depreciate again as the negotiation date approaches, and other currencies and global assets will passively appreciate.
Since the only way to avoid wealth dilution is to exchange for other countries' currencies and purchase assets...
Then other countries' currencies and assets will appreciate, and it seems that the United States has already set its sights on the Hong Kong market.
With HK$3 million in hand, Chen Guanjiang can clearly feel the chill creeping in. The current economy, seemingly booming, is actually a case of overheated fuel.
Three months later, the Hang Seng Index will double. Hong Kong's money is clearly not enough, and the stock market rise will inevitably be driven by foreign capital. The Hong Kong government is not going to be so reckless as to do that.
To double the Hang Seng Index in a short period of time, at least US$200 billion would be needed.
See beyond the surface to the essence!
According to the United States' ever-popular "tidal harvesting method," this money will inevitably be released into the market in the form of loans, driving up asset prices while sowing the seeds of economic risks.
Once the assets have reached a sufficient level, the assets acquired in advance are cashed out, and the funds are then recouped to complete the harvest. This is the "releasing water to raise fish" and "draining water to catch fish" of the "tidal harvesting method".
If the strategy of the US dollar from 1944 to 1971 was to steadily export global currency...
So the strategy for the US dollar from 1971 to 1979 was to enter an era of floating interest rates in preparation for the "tidal harvesting method".
Chen Guanjiang was powerless to stop all of this. In fact, as long as the US dollar remains the international currency, no one and no country can challenge the "tidal harvesting method".
Since we can't resist, we might as well enjoy it.
In this regard, Chen Guanjiang should also be grateful to the United States. If it weren't for the depreciation of the US dollar causing other currencies and assets to appreciate, there wouldn't have been this phenomenal surge in the Hang Seng Index.
Hong Kong's average annual GDP growth rate in the 50s was 7.8%;
Hong Kong's average annual GDP growth rate in the 60s was 10.2%;
Hong Kong's GDP jumped to 11.3% this year;
If you can't stop the looting, then join in the looting.
Chen Guanjiang doesn't care how much America can devour in this feast, nor can he control it or have the ability to control it.
All I want is to take the freshest bite from this fatty meat that has been cultivated over the past thirty years!