Age of Dreams

Chapter 246 Early warning of financial turmoil

() Since there were police vehicles clearing the way, the car quickly arrived at a family community of the Provincial Party Committee on the Second Ring Road of Rongcheng City.

At this time, it was almost dusk, Xiao Qi hadn't sat at Yu Chengsheng's house for a long time, and the Secretary of the Provincial Party Committee got off work and returned home.

"Haha, Young Master Qi, it's really not easy to meet you." After Yu Chengsheng and Xiao Qi shook hands warmly, they sat down separately.

"Uncle Yu, you are too polite. I am busy with business. Now everything is waiting to be done. If I don't hurry up, my factory doesn't know when it will be successful." Xiao Qi smiled shyly.

"Tell me about what you have seen and heard during your trip to the United States and Japan this time, so we won't talk about business matters, lest you say that I leaked your business secrets in the future." Yu Chengsheng said slowly while drinking the ginseng tea brought by his wife.

Xiao Qi knew what he wanted to hear, thought for a while and said: "The development of the United States and Japan, especially in the field of high technology, is simply changing rapidly. I compared our domestic technology production level, The gap may not be caught up in three to five years."

"Well, I know." Yu Chengsheng nodded, "Because of this, you should develop more boldly and diligently. Our economic aggregate has increased, but our technical content is far from enough, especially our An inland province like Shuchuan is even more of a barren area. Xiao Qi, since you have the talent bestowed by the heavens, don’t waste it. You must bravely take on this responsibility, whether it’s for yourself or for us Nationality, do you know?"

"yes."

Sensing Yu Chengsheng's strong anticipation, Xiao Qi felt happy for a while. The secretary of the provincial party committee had indicated that he would support his development. The time and location had already been taken that day, which was at least a good start for success.

"As for the economies of the United States and Japan, they are generally not optimistic." Xiao Qi continued to talk eloquently: "Due to the fierce competition in emerging markets, the domestic labor and resource costs continue to rise, and their economies have entered a period of negative growth." stage. Especially in the United States, people are used to paying by credit card in advance, and they enjoy it before paying for anything they buy... If the economic situation is bad and their source of income is cut off, it may cause huge shocks.”

Yu Chengsheng frowned: "Swiping credit cards to spend? Haven't young people in our country started to spend money like this? Isn't this bad?"

Xiao Qi said: "These are two kinds of consumption concepts. We have so much money that we dare to swipe credit card consumption in advance, while Americans dare to swipe card consumption regardless of whether they can earn money tomorrow. This is not the main thing, the most important thing Now that the U.S. dollar is the world’s common settlement currency, once there is a huge shock in the U.S. economy, it may be a financial earthquake that will spread to the world, and it will not only be affected by oil prices.”

The last sentence was what Xiao Qi really wanted to say.

Since World War II, when the U.S. dollar was pegged to gold and other currencies were pegged to the U.S. dollar, the world has switched from the gold standard to the U.S. dollar standard. On weekdays, everyone uses U.S. dollars for transactions.

Once the U.S. government has a financial crisis and the economy regresses, the easiest choice for them is to realize quantitative easing of currency-referred to as "printing money".

The result of the Fed's continuous printing of money is naturally a sharp depreciation of the purchasing power of the US dollar in the hands of various countries, which triggers a new round of currency inflation and greatly suppresses the economies of various countries.

This is why the future financial crisis will obviously occur in the United States, but it is China and Japan that will suffer the most serious injuries-the US dollar foreign exchange reserves held by the two countries happen to be the first and second in the world.

Yu Chengsheng has learned a lot of financial knowledge by himself, but he still doesn't understand what he heard. Fortunately, he had talked with Xiao Xu several times before, so he understood it a little bit: "Financial earthquake? I chatted with your father, and he said If there is a financial earthquake in the past two years, no matter the method or method, it will be different from the financial turmoil in 1997."

"It's different. I didn't enter Huaguo at all in 1997, and it was a financial sniper war, not a financial storm." Now that he had decided to sell favors, Xiao Qi decided to go into more detail, "My father dare not It is too serious, because our country has more than 150 million U.S. dollars in foreign exchange reserves, even if the U.S. dollar depreciates by 10%, it will be a disaster for us.”

After calculating how much 10% of 150 million is, Yu Chengsheng's face became serious, "Qi Shao, you and your father are good in everything, but they like to make beautiful articles in their stomachs, such an important thing , why can't you say it and send it to the insider?"

"Now the domestic economy is doing well, and exports and imports have hit new highs repeatedly. When we say this, aren't we afraid of being attacked, saying that we can't see the country developing well?" Xiao Qi smiled bitterly: "In addition, the financial crisis in Europe and the United States Although it’s coming soon, isn’t it coming yet? Many people’s mentality is that as long as it hasn’t happened, we can take the opportunity to earn more money to resist risks.”

"Nonsense!"

Yu Chengsheng waved his hand, "Go back and tell your father that it is very irresponsible to only write articles about oil prices. I will give him a week to write me the speculation and forecast of the European and American financial crises, otherwise he will stop working Now, go home and do business with you."

Although Yu Chengsheng said it so harshly, in fact, he just wanted to squeeze the abilities of the father and son.

The two didn't talk for a long time, and the nanny at Yu Chengsheng's family cooked the dinner, and Yu Chengsheng and Xiao Qi started eating at the table together.

Yu Chengsheng has only one daughter, who graduated from graduate school in the United States, and now works as a teacher in an Ivy League university with her husband, with good salary and benefits.

For a girl, this is enough, Yu Chengsheng is also happy that his daughter and son-in-law don't have to struggle in the domestic network of sophistication, and just live a relaxed life.

Because of his daughter's absence, Yu Chengsheng lived with his wife on weekdays. Since his work was too busy, he didn't feel so lonely.

But this is not to say that they don't like guests at home, as long as they don't come with purpose, the couple actually welcome them very much. For example, Xiao Qi is their welcome guest.

After being reincarnated, the reincarnated boy developed a fluent mouth, casually telling them some anecdotes from home and abroad, which made the provincial party secretary and secretary listen with gusto, and even participated in the discussion from time to time.

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