Chapter 517, get down! Gene-level word therapy!(1/2)
Jun Kaifu and others and Mie Yefu looked at Tao Zhiming with suspicious eyes.
In the past few years, starting with Nakane Yasuhiro and now Kaifu Jun, they have been promoting "fiscal resounding", isn't it just to reduce the deficit rate? That's why we have to rely on active monetary policy, hoping that social investment can share the pressure of government public expenditure.
However, under the guidance of the triple wild reuse window, funds mainly flowed to the real estate market and financial market.
Sanchong Yefu has always emphasized the need to raise interest rates and reduce the money supply.
As for low growth, it is unacceptable to either party.
Even if the GDP growth rate cannot be made higher and higher, it cannot be at a very low level. In that case, the national income and living standards will not be improved, and no one will be able to secure their position.
This guy has said so much before and has close ties with American capital forces. Could he be someone sent by the other party to mess up Neon even more?
Otherwise, how could he know so much detailed information about the United States and dare to make such a judgment?
Tao Zhiming looked at Yamamoto Norito: "Professor Yamamoto, what do you think?"
"...Many of the goals here are contradictory to each other." Yamamoto replied with a complicated expression.
"Actually, you probably figured it out, right?"
"Yamamoto-kun, please speak frankly!" Kaibu Jun said sincerely.
Yamamoto Kento sighed, his eyes first turned around on the faces of the people from various consortiums who came here, and then he shook his head: "It's up to him to decide on such a method. Maybe I didn't fully think about it.
clear."
After tonight's "prophecy bombing", Yamamoto Norito no longer has any definite confidence. In terms of economics, he may already be an academic leader, but his current strategy clearly involves political, military, diplomatic and other factors.
.
So he gave the ball a try and kicked it back.
Others naturally looked at Tao Zhiming at first, and then they were shocked: even economists like Yamamoto Norito are now worried that his thinking is flawed.
"...Okay, then I'm welcome."
As soon as Tao Zhiming's words came out, Kinoshita Hidefeng couldn't help but complain: Have you been polite tonight?
Without needing to organize his thoughts, Tao Zhiming said directly: "Because of the deficiencies in military, judicial, diplomatic, media and other aspects, it is impossible to win with neon lights on the front."
At this moment, such a statement no longer seems sharp here. After all, everyone here knows it well and understands the ins and outs.
"If we can't solve these problems, Neon will never be able to achieve the reform you want." Tao Zhiming looked at San Chongye Fu, "If you are burdened with shackles, what can you do even if you change your dance posture?"
Mie Yefu frowned: "Let's talk directly, why should we expand currency issuance, implement low interest rates, expand debt, and maintain low growth. In this case, how can high welfare and low inflation be maintained?"
After finishing worrying, Tao Zhiming smiled: "Let's start with inflation, which you are most concerned about. After all, if prices soar and the quality of life of the people decreases, then no matter what kind of governance structure it is, it will not be able to maintain it."
Taketa, Kaibu Shun and others all nodded, this is the truth.
"Let's get it straight." Tao Zhiming paused. Although he was sitting now, he was still in the lecture mode. "For the rice dollar harvest just mentioned, what the other party wants is only high-quality assets that can continuously create income.
.Then the first step is to comply with your wishes and bring the Neon stock market back to a reasonable range, so that the stock price of Neon Premium Club will not be overvalued, but will not be undervalued. This matter, through this
To complete the integration in the storm."
Horikawa Nobuhiko's heart moved. Should he tell the head of the central bank about such a plan?
Mie Yefu pushed up his glasses: "Integration?"
"As I said just now, the consortium has always been Neon's main force against the erosion of their capital power. This time, they have to give up enough benefits, which is for sure. But if it is done well, it will only be this time, and not in the future.
They are targeted in every harvest. Because the reason for achieving long-term low growth is to let them know that the neon financial market no longer has enough room for ups and downs."
"Growth has always been low. Can the national expectations for the future be fulfilled only through high welfare? How big a burden is high welfare on the finance? And then high welfare is maintained by continuously expanding fiscal deficits and expanding currency issuance?
If that happens, won’t it cause soaring prices and inflation?”
Mie Yefu is worthy of being a direct descendant of the central bank, and his thinking is very clear.
But Tao Zhiming shook his head: "Neon's current economic structure determines that it is difficult for the additional currency to flow into the hands of the people. If the wealth in the hands of the people does not increase substantially, and the desire for consumption cannot be increased, how can it cause inflation?
"
I'm too lazy to buy it. The relationship between supply and demand is in a magical balance. How can the price increase?
And this is very true, as the past few years have proved. After the over-issued currency passes through the bank, it will always find big companies and big shots with stronger assets as customers.
Mie Yefu couldn't understand: "Are you kidding? The additional currency will always impact the entire economic system!"
Tao Zhiming continued to shake his head: "So, Neon Yen should maintain low interest rates for a long time and cultivate Neon Yen into the world's strongest safe-haven currency! A large amount of international funds use Neon Yen as a hedge, and they will buy Neon Yen in large quantities.
The excess currency can be converted into rice dollars and flow overseas. Use these rice dollars to invest heavily overseas, and the income created will form a huge amount of overseas net assets."
"Here comes the clever thing!" Tao Zhiming raised his eyebrows, "The United States is now beginning to promote the calculation method of GDP, and the income from overseas investment is not calculated in GDP. So, although calculated in terms of GDP, the debt ratio is very high
.But if overseas net assets are added, the actual debt ratio has not increased much."
Mie Yefu looked at him and the people in the consortium coldly: "But these overseas net assets only belong to the consortium, not the country!"
"Two ways." Tao Zhiming said calmly, "First, the country can also establish an overseas investment structure and obtain long-term and stable income through various methods such as purchasing U.S. Treasury bonds. Second, the income from overseas investment by the consortium can also
A large share was used to purchase Neon’s government bonds.”
Mie Nofu was a little surprised and looked at everyone in the consortium: "If we continue to expand the currency issuance, increase the debt ratio, and the income risk becomes higher and higher, will anyone buy the neon government bonds?"
"Neon's national debt must be mainly purchased by the central bank, Neon's consortium, and other institutions." Tao Zhiming added, "In addition, the consortium has learned its lesson after this big storm and used most of the proceeds to establish
The long-term retention system allows banks’ reserves and deposits to always be safe enough to support the stability of the neon financial system.”
By the time the two of them chatted, many people could no longer keep up with their thinking.
Even Mie Nofu thought for a long time before he said: "With a large-scale expansion of currency issuance, the stability of the neon yen exchange rate... is difficult to guarantee."
"So it is necessary to maintain the long-term low growth on the surface." Tao Zhiming is confident, "After this time the stock market and real estate market have shrunk, if so many high-quality assets like Neon have reached a reasonable range, only through another surge can others pass.
Attack exchange rates to acquire premium
The profit motive of purchasing assets. Although the debt ratio is high and the currency issuance is large, as long as the net assets of overseas investments maintain a relatively consistent growth rate, coupled with Neon’s continuous increase in foreign exchange reserves and foreign treasury bonds, Neon will
We have enough ammunition to withstand other people’s attacks on the neon yen exchange rate!”
Yamamoto Kento now understood it completely and said sadly: "By maintaining low interest rates for a long time, the neon yen will become the preferred safe haven currency, and part of the over-issued currency will be transferred into rice dollars. This part of rice dollars will be converted into rice dollars through
Overseas investment generates more and more profits, which are used to support the increasing debt scale and stabilize the exchange rate after flowing back to the country. If the exchange rate can be stabilized, low interest rates can continue to be maintained."
He raised his head and looked at Tao Zhiming, and asked meaningfully: "This is a perfect neon currency cycle, and the most critical part of it is: how can we ensure that overseas investment will form enough to keep up with the scale of debt and additional currency issuance?"
Quantitative rate of return?”
"Of course, he is taking advantage of this opportunity of being treated as prey to disguise himself as a hunter." Tao Zhimingsen smiled coldly, "Normal investment income, even if the consortium accounts for a large enough proportion in the neon economy, after all, it is
It is necessary to support this operating mode of the entire country with a smaller volume. Here, a global market that really begins to develop rapidly will provide enough space. But more importantly, we must follow the rhythm of the rice dollar harvest and take the initiative to
Find the real prey!”
"...What kind of prey?" This time, it was Taro Hashimoto who asked.
Tao Zhiming grinned: "This time, due to sanctions and increased tariffs, the competitiveness of many of Neon's industries has dropped rapidly. Zhouguo is actively striving for industrial upgrading. There are many countries with low labor costs in the surrounding area, and they are striving for more
Low-end industrial transfer. Countries whose economies rely more on exports will be more likely to achieve very rapid growth in the future, and will be less able to withstand attacks on their exchange rates."
Sanzhong Yefu's heart moved, and he looked at him with deep eyes: "Including Xia Guo?"
Tao Zhiming did not hesitate and nodded calmly: "Of course."
Everyone looked at him.
We have now talked about the topic of hunters and prey. This is through active overseas investment and financial layout, and in the future, exchange rate attacks will be carried out to collapse a country's rapidly rising economy, and then often harvest high-quality assets.
Moreover, this is to actively cooperate with the rhythm of the United States and launch an attack with the strongest country.
Tao Zhiming said this, it is an obvious position when facing so many top figures in Neon.
It seems that not only has he become a true neon man, he has also evolved into a qualified capital owner.
Profit-seeking!
Tao Zhiming knew what they were thinking, and he was not worried about it.
Some countries are so stupid that they blithely believe that certain roads are the real road to heaven. They foolishly open up their finances completely and make their systems as close as others advertise.
Among these fools, rabbits are not included.
What's more, Tao Zhiming has already cultivated Lin Qiyu, a rabbit with a firm heart and a very deep understanding.
Although the storm will be huge, as long as the market is basically stable, these crises will all be opportunities.
Even in Hong Kong, Tao Zhiming has already been involved. The financial crisis that will sweep across most of the continent in the future is really a good time to clean the house.
Mie Yefu was thinking about the price that Neon would pay this time. There was no longer any doubt about the size of the income that foreign capital would gain from Neon.
It's theoretically possible.
"The final two questions." He said solemnly, "First, this model is essentially overdrafting the future, which is becoming more and more dangerous. If the global market one day also slows down or even stagnates, then at that time
, there is no way to deal with it.”
Tao Zhiming smiled brightly: "There is no dynasty that will last forever. Everyone, although I am very bold here today, I have to say one thing. Sansheng Wild Mulberry, you have worked so hard, isn't it just for the future of Neon? No.
A shackles future is a good future, right?"
Including Jin Xinmaru and Takegami, everyone's eyes suddenly froze and looked at him in disbelief.
To be continued...