“Plaza Agreement!”

As soon as Cao Lunqing finished speaking, a boy blurted out in the first row.

Many students here know this history well.

Cao Lunqing nodded and said, "The US government requires Japan, Britain, Germany, and France to jointly sign a square agreement. There is a very important clause in this agreement, which is that due to the trade deficit of various countries with Japan, the Japanese yen is required to appreciate."

He walked to the boy who said the four words of the square agreement and asked, "If you were there, at that time, you were an investment businessman, what would you do?"

The boy, who was proud for a few seconds, opened his mouth and didn't know how to answer.

Cao Lunqing shook his head and said, "You have learned history well."

Turning around and walking a few steps, he saw Qian Huiyao and asked, "If it were you, what would you do?"

Qian Huiyao smiled and said, "Fry the yen."

Cao Lunqing snapped his fingers and smiled at her, "Qian Huiyao, I said last semester that with your brain, you should transfer to the business school."

Qian Huiyao smiled but said nothing.

He walked to the podium and said loudly: "This agreement itself is a conspiracy, and the most intuitive point clearly tells the outside world that the yen needs to appreciate. Since it must appreciate, how much benefit is there? Many people are thinking that financial finance is very complicated and difficult to understand. It is not something that ordinary people can get involved. But the Plaza Agreement is that simple. The Japanese government signed the agreement and sent a very clear signal to international financial speculators, so a large amount of international hot money poured into Japan. The yen speculated. The more the yen speculated, the more it appreciated."

Cao Lunqing walked on the aisle in the middle of the stairs classroom, which was unobstructed and everyone's eyes were locked on him.

"In an exaggerated way, the United States defeated a country with an agreement, but calm down and think about it carefully. How could a country's economic composition be so easily defeated? The Plaza Agreement is just the beginning and the prelude to the collapse of the Japanese economy. After that, there is an important information that everyone must know. The US Ministry of Finance put pressure on the Japanese central bank to lower interest rates and relax credit. What does this mean? That is, international financial speculators speculate on exchange rates, and then the US government puts policy pressure through the Ministry of Finance to pressure Japan to lower interest rates and relax credit."

He stopped, reached out and pressed his hand on a boy's shoulder, and asked, "If you were an entrepreneur in Japan at that time, the bank interest rates were low and the borrowing of money was easy, what would you do?"

The boy thought carefully for a while and said in a deep voice: "Borrow money and make the company stronger and bigger."

Cao Lunqing nodded and said, "Okay, you are an entrepreneur. You have to become stronger and bigger. You have the money to build buildings, you have the money to produce more electrical appliances, you have the money to expand the scale and then let the company go public. Then, if you become a commoner now, what would you do?"

After some thought, the boy said: "Borrow money to invest in stocks, trade real estate, and buy goods. Anyway, interest rates are low, lending conditions are relaxed, and the market is booming."

Cao Lunqing gently patted his shoulder and said, "Interest rates have dropped and credit has been relaxed, which has caused credit in Japan to flood. Major trading companies in Japan have borrowed money to become bigger and stronger; Japanese people borrowed money to speculate in real estate and stocks and buy products. What kind of results will happen? Money flocks to the market. Real estate speculation is bubbled; stock speculation is bubbled; stock speculation is bubbled; buying products are inflation. So in the end, what happened in Japan under the conspiracy between international financial speculators and the US government? First, exchange rate rises; second, stock market bubble; third, real estate market bubble; fourth, inflation."

The classroom was silent, and maybe every student was thinking.

Cao Lunqing's words were very inspiring to them.

The mature and charming male teacher walked back to the stage, turned around, and said calmly: "The crisis is here: the real estate bubble, the stock bubble and inflation. The Japanese trading company borrowed so much money, which made their capital-liability ratio unbalanced, and the company's debt ratio sometimes reached four or five hundred times. The result of high debt is that the company's financial risks are too high, and it will be broken with a sting with a needle. As a result, it was stabbed with a needle by the United States. These false prosperity exploded, making it difficult for the Japanese economy to recover its vitality and become a vassal of the United States forever. Those who have read the current news should know that Japan's debt has been paid back nationwide for three hundred years, and it will not be paid."

Some students in the classroom were taking notes, some were thinking deeply, and some were staring at Cao Lunqing.

The teacher walked back to the podium, picked up the mineral water on the table and opened it, took a sip of moistening his throat, and gave the students some time to digest it.

Although, he did not expect these students to understand the complex factors behind this financial crisis.

His elbow pressed against the table, his body tilted slightly. After three minutes of silence, he spoke loudly: "After Japan, before 1997, Asia had another "Four Little Dragons" and "Four Little Tigers". They put great pressure on the United States through exports, just like Japan. As a result, starting from Soros' sniping Thai Baht in 1997, a terrible Asian financial crisis occurred. After the Asian financial crisis, the "Four Little Tigers" died, and two and a half of the "Four Little Dragons" died, and the consequences were terrible. Everyone should have heard a lot about this financial storm, so I won't talk about it carefully. Next, I will talk about an emerging socialist country, Yuenan."

The students in the classroom held their breath and focused. Most of them had heard of the Asian financial crisis, and what happened in Yuenan? This is what they are most interested in now.

Cao Lunqing is obviously not a traditional teaching teacher. He will not spend time writing on the blackboard, nor will he read the books with books. He always looks confident and shows a slight confidence and steady feeling. This is definitely not a charm that ordinary young people can imitate.

He walked in the aisle of the staircase classroom and spoke, "Yuenan is a socialist country like us. What is the most frequent word we hear when we develop our economy?"

"Reform and opening up."

Cao Lunqing nodded and said, "Yes, reform is our internal, openness, but it is external. We ourselves hope to integrate into the world order and join WTO. Yuenan. The same is true. This not only provides capitalist countries with cheap labor and a production environment that ignores the consequences of pollution. Most importantly, perhaps opening up means that we hand over our lifeline to capitalists. You may think that I am an alarmist, and I will first explain a concept, is the country, omnipotent? National policies. Is it absolutely correct?"

Perhaps such a question was a bit "abusive", and the students looked at each other speechlessly.

Cao Lunqing sighed lightly and said as he walked: "The country I am talking about does not refer to a certain country. Every country is the same. The decision-making team of its highest leadership is all human beings, but their wisdom and vision are more than enough than ordinary people. If we are elementary school students, then the people of the highest leadership of the country are college elites. But even such elites will make mistakes together. Otherwise, no country will decline."

After saying this, the students present nodded deeply in agreement, and many people suddenly realized it. When they looked at it dialectically, they could see it at a glance.

Cao Lunqing put his hands together in front of the podium, stood in front of the podium, and said with his head high: "The economy of each country has undergone earth-shaking changes with the past. To use an image metaphor. Two hundred years ago, the economy of each country was like a lake, not connected with each other. If there was a problem with the lake, it could solve it itself. Two hundred years later, the economies of each country have been linked together. The vast ocean is like a butterfly effect. The sea in the east is stirring up waves, and the sea surface in the west may develop into huge waves. It is precisely because the economy is now an endless sea, and the energy that affects the world economy is constantly declining. To make the sea calm, it is not a country that has the final say, but different countries and different economies work together to restore the small waves and develop into huge waves and disasters."

He walked to the first row of students and asked: "Back to the point, international public opinion has been calling on China to open up various markets. Do you think we should open it?"

The students were under some pressure and couldn't answer.

"Remember one thing, capitalists are nothing more than the pursuit of interests. There is no noble goal for the good and beautiful world. Just as the Japanese army held high the banner of East Asia's prosperity, nowadays, capitalism is the same. If you go to Wal-Mart to shop and pay attention to the labels of their clothes, you will see an English paragraph on it: Buying this piece of clothing will donate a fortune to the world's children's charity organizations. How wonderful this slogan sounds and how touching people's hearts? Is such a company very noble? But have you ever thought that maybe the one who makes this piece of clothing for hundreds of yuan is a minor? You can only get a low reward of less than one dollar per hour, and you can't even guarantee food and clothing. Is it exaggerating? Haha, in many backward areas where civilians are about to starve to death, Nike will run to build a factory, and the people will hold up a welcome card and call Nike God."

Cao Lunqing looked around the students in the classroom and found that they were listening simply and not much touched him. This made him feel a little disappointed.

The new generation of young people still do not have enough understanding of the cruel reality.

Not only did they not experience it, nor did they see it with their own eyes, Cao Lunqing did not force it.

"Yuenan, a socialist country, wants to work hard to strengthen, also needs reform and opening up, but their government has made the mistake of being eager for quick success and instant benefits in terms of policies! They have opened up too thoroughly to the outside world, and almost 99% of industries have opened their doors directly to foreign capital, and a steady stream of foreign capital flows into Yuenan. In this case, only the most innocent people will think that foreigners are coming with money, which is beneficial to the locals. As a result, just like Japan, financial speculators are making waves in Yuenan and the real estate market is soaking.

Mo, stock market bubble, currency depreciation, inflation, in April 2008, foreign capital collectively withdrew together in an orderly and tacit manner. They took away the wealth of a country in Yuenan that had been developing for nearly 20 years. The real estate market collapsed, the stock market collapsed, the currency depreciated wildly, inflation became more and more intense, and Yuenan's economy was destroyed. Such lessons and such tragedies are enough for us to learn. Therefore, when the international community denounces us for not opening up this and that, you must understand that it is definitely the other party's bad intentions."

Cao Lunqing finished speaking.

The classroom was silent.

The students felt very depressed.

Whether it is based on realism or moral emotions, the strong oppress the weak, the nobles plunder the civilians, and the masses will sympathize with the weak.

On the economic level alone, if a country has been developing for nearly twenty years, it will eventually marry others. Students are unbelievable, but they think that the world is too cruel, which is even more bloody than a real war.

"Well, after talking about Yuenan, let's talk about Russia and Russia. Can anyone talk about Russia and Russia's domestic economic situation before Putin came to power?"

Cao Lunqing leaned against the podium and looked at the audience. Finally, he found that Qian Huiyao was pulling the boy next to him, as if he wanted the man to speak.

"Let's show off in front of the girl, you have to catch as much as you have this opportunity. What's your name? Qian Huiyao seems to be very confident in you."

Tang Xin was driven to the shelves, and he sat down without moving, but Cao Lunqing saw him, and said, "My name is Tang Xin."

"If you know, just say it. If you don't know and can't make up a beautiful lie, then be silent."

"Ha ha ha ha."

Tang Xin was amused like other students. (To be continued...)
Chapter completed!