On this day, most of the senior executives of the Yuhuang Group gathered together again in the conference room on the top floor of the Yuhuang Building.
The reason for this meeting is to deal with the fact that the international exchange rate has begun to float and adjust. The floating adjustment of the international exchange rate has a huge impact on the retail industry, which is an important source of cash for the Yuhuang Group. Of course, this impact is both good and bad.
"Boss, the depreciation of Dole this time has a huge impact on our Jade Emperor infrastructure. First of all, we have purchased a large number of dredgers in Japan and the country of windmills. The selling prices of the ships will also follow the continued appreciation of the currencies of the three countries.
And rising, which will cause the purchase cost to continue to increase.
In addition to these dredgers, the costs of various engineering vehicles, etc. required for other projects on Holy Egg Island will also increase a lot.
The new East Rail also plans to use the Japanese currency as the temporary settlement unit, and other various costs will increase as the exchange rate fluctuates."
Cui Beiyong said to Zhang Zhonghua.
"Boss, Carrefour Supermarket has also been greatly affected. Currently, goods purchased domestically in various countries have no impact, but if you purchase imported goods, exchange rate fluctuations will have a greater impact on the purchase price.
There are also products from multinational giants that have a three-month account period at Carrefour. The impact of exchange rate fluctuations is still very large, especially when the final settlement is completed in three months, it will become more complicated.
Also, there are profits and losses when exporting the same goods to different countries. This needs to be carefully studied by the purchasing department. Some goods may need to change the purchasing location.
At present, America is Carrefour's largest supplier of agricultural products and meat. Now that the knife continues to depreciate, Carrefour can make a lot of difference in price.
But for goods exported to other countries, we will suffer losses. Generally speaking, this change will bring both losses and profits to Carrefour."
He Rongfei followed Cui Beiyong and reported to Zhang Zhonghua.
"Well, after the exchange rate floats, it is normal to have some partial losses! But this loss is still acceptable to our Jade Emperor Group.
Fortunately, most of Carrefour Supermarket's cash flow is in the currencies of other countries except Dole. The depreciation of Dole will have little impact on us. Jade Emperor Bank has already made adjustments to its currency reserves.
Generally speaking, the depreciation of Daole has an impact on our Yuhuang Group, but it is not big and is completely within the acceptable range."
Zhang Zhonghua said.
In Zhang Zhonghua's opinion, the slight depreciation of Daole still has more advantages than disadvantages, especially for the currencies of various countries. Anyway, the Yuhuang Group seems to be a big business, but it actually does not hold a lot of Daole.
Most of the more than 10 billion US dollars in bonds are actually in the currencies of various countries, and they have basically been spent.
However, the premise that it is beneficial to the currencies of various countries is that the currency only depreciates slightly.
But in the 1980s, America became a little shameless and even let Dole automatically depreciate significantly, giving America the possibility of dumping goods around the world.
In 1986, the exchange rate of the Japanese currency appreciated from 360:1 to 160:1. In the 1990s, it fell below 100:1. This was something that others could not imagine.
As a result of this situation, the Jade Emperor Group's industry in Japan will suffer heavy losses, because with the substantial appreciation of the Japanese currency, Japanese people have begun to travel abroad, not only shopping in their own country, but constantly traveling around the world.
Buy, buy, buy, the Japanese people's time in the country will be greatly reduced, and the Jade Emperor's industry in Japan will inevitably be affected.
"The current price increase in America is quite ridiculous. How can we change the prices in our supermarket?"
"The prices of supermarket goods should be adjusted accordingly. The exchange rate fluctuation should not exceed 3%. We can still afford this loss. If the fluctuation is large, we will make a substantial adjustment."
Zhang Zhonghua thought for a while and said.
"Sheng Zhang, according to research, America's international trade deficit will definitely increase in the fourth quarter, and it is expected that Dole may begin to automatically depreciate after the year.
Once Dole begins to depreciate significantly, America's domestic crisis will be transferred to the world, and America will automatically devalue Dole, which Japan and other European countries cannot stop."
Zhang Zhonghua was also speechless. Since 1974, Dole began to be linked to oil, and then the depreciation rate of Dole was overwhelming, and even the people of America could not afford to turn on the air conditioner.
People all over the world are always worried about whether America will suddenly have a seizure and cause any big noise. If America acts shamelessly, she simply has no shame at all. People around the world must always be on guard against plundering.
"Boss, I think that the foreign exchange reserves of Jade Emperor Bank in the next few years should be mainly Japanese dollars and marks, supplemented by pounds, francs, and francs.
Given America's current economic situation and international situation, I'm afraid it won't be able to recover for another seven or eight years. If you reserve Dao Le, the more you reserve, the more you will lose."
Pu Wei Shi said.
"Okay, you can figure this out. Also, Jade Emperor Bank should contact South Africa more and try to store more gold. The more gold, the better."
Zhang Zhonghua said.
Originally, Mao Xiong was also a place rich in gold. Unfortunately, Zhang Zhonghua had no connections there and could only contact the gold mine owners in South Africa. The London gold market had become a complete display.
South Africa is a very special place. First of all, it is the only country in the world with three capitals. It is also very rich in gold, diamonds and other precious metals and gemstones. Now South Africa is a tycoon country that far surpasses the good friends in the East and China.
Nowadays, many South Africans sift dirt in the river, and a lot of gold and diamonds can be sifted out in one day. The real people are so rich that there is gold everywhere.
In terms of output alone, South Africa ranks first in gold production in the world, followed by Woolly Bear, followed by Australia, Peru, the Land of Maple Leafs and the Land of Samba.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! As for America, they will definitely not dig local gold, and haven't they been committed to making Dao Le into paper gold?
"Boss, this may not be easy. South Africa is now the main focus and support of African affairs in America's global strategy. The gold produced in South Africa must be given priority to America."
Wang Shikui said.
"Well, since America started causing trouble, it's really not easy to buy some gold. Let's buy it from Java first. Although Java's production is a little less, mosquitoes are still meat."
Zhang Zhonghua said helplessly.
Pu Weishi was a little speechless. Others didn't know it, but he knew a little bit about it. He was one of the few groups who knew that the Jade Emperor Group now had huge gold reserves, but he didn't know exactly how much. It belonged to the group.
As a core secret, he only knew that his boss had been hoarding gold long before the disintegration of the Bretton Woods system.
Puweishi felt that if America knew that the Jade Emperor Group had so many gold reserves, America's army from Annan would probably come over in an aircraft carrier.
Everyone then reported on the impact on various companies. Carrefour supermarkets and convenience stores under the retail chain experienced some profit declines and even partial losses. Fortunately, Jade Emperor Bank made up for it.
"Boss, one more thing is that the depreciation of Dole this time. Although the financial bonds of 12.2 billion Dole we issued can make us a big profit, it will have a great impact on our corporate image.
And if Daole continues to depreciate significantly within half a year, everyone who buys our bonds will start to lose a lot of money. In this way, our bonds will probably be despised by countless people, and at the same time, the group will also be despised. You see..."
Pu Wei Shi said cautiously.
"Indeed, then arrange for the newspapers under Yuhuang Xingdao Newspaper Company to publish news that the interest rate on Yuhuang Group's financial bonds will be raised from 7% to 8%, but only once. We are a business group, not a charity. It is impossible.
America didn’t pay the full price for her shameless behavior, so if you want to scold her, let them scold America.”
Zhang Zhonghua said with a smile.
"No problem, although it will cost an extra 200 million dollars, but it can gain a good reputation, and the loss caused by not recognizing it will far exceed the 200 million dollars.
Also, boss, if you issue bonds next time..."
Everyone also laughed. If they issue financial bonds next time, they will probably be able to get a lot of money from all over the world. Retail investors will never be able to defeat institutions.
…
Japan, Dongjin, Ginza.
"Yousong-kun, have you read today's Jade Emperor Daily?"
Nao Imada asked.
"No, there doesn't seem to be any major international events happening recently, right? Is there any big news in the Jade Emperor Daily?"
Naoyuki Tomatsu said curiously.
"Didn't Daole start to depreciate? Yuhuang Group issued an announcement. In order to reduce the losses caused by users who purchased Yuhuang Group's financial bonds due to the depreciation of Daole, Yuhuang Group raised the interest rate of the bonds from 7% to 8%."
"No way, the Jade Emperor Group actually raised the price by one percentage point, because for this one percentage point, the Yuhuang Group would probably have to spend about 200 million dollars more."
Tomatsu Naoyuki said in great shock.
"It has been published in the newspapers of the Jade Emperor Group. There is no mistake. The Jade Emperor Group is really good. Mr. Zhang Zhonghua is the father."
Nao Imada said excitedly
"" Mr. Zhang Zhonghua is indeed too generous. He raised the 1% interest rate, and this time the loss has been reduced a lot. If Daole can stop depreciation, or appreciate slightly, we may still be able to make some money."
Tomatsu Naoyuki said excitedly.
"That's for sure. Mr. Zhang Zhonghua donated a lot to our Japanese university, but I guess this is the only time the interest will be raised!"
Nao Imada said.
"It's very interesting to be able to raise the interest rate once. You can't keep depreciating the value of the currency and keep raising the interest rate, right? In finance, buying bonds is inherently risky.
Now Mr. Zhang Zhonghua has shouldered the first wave of risks for us, and he has done his utmost in benevolence and justice."
Tomatsu Naoyuki said helplessly.
…
John Bull, London.
“The financial bonds of Yuhuang Group are on sale, don’t miss it if you pass by!”
shouted Benjamin van den Akerviken.
"Hey, buddy, didn't you see that the Jade Emperor Daily published some big news today?
The interest rate on Yuhuang Group's financial bonds has been raised from 7% to 8%, and it will mature as long as you can hold on for another five months."
A man came over and said to Benjamin.
"What? The Jade Emperor Group raised the interest rate by one percent? That's great. The Jade Emperor Group is interesting enough, and Zhang Zhonghua is great!"
Benjamin van den Akerviken said excitedly, but he still decided to sell the bonds in his hands as much as possible. He always had a bad feeling.
A large number of citizens in Japan and Europe breathed a sigh of relief after seeing the news from Jade Emperor Daily, and everyone praised them. The Jade Emperor Group is indeed kind and righteous!
Although if Daole continues to depreciate, they will still lose money, but the loss will be less.
The Jade Emperor Group also took advantage of this opportunity to gain a great reputation.
Soon the last day of 1971 came, Nagoya, Japan.
Sakamoto Neku and their colleagues held a dinner in the park. Tomorrow is New Year's Day, and the new year is coming. No matter what happened in the past year, everyone should be happy to welcome the new year.
"Have you read this issue of Time Magazine? It's so funny. The person they selected as the Person of the Year is Commander America.
We Japanese haven’t been on the cover of Person of the Year, right? It’s better to choose America as Person of the Year than to choose me.”
A Japanese social beast said with disdain.
"Hey, hey, hey, Commander-in-Chief America, how many things have you done this year? She is definitely a person who stirs up troubles. It's okay to be named the person of the year.
This chapter is not over yet, please click on the next page to continue reading! Well, although the things we did are all bad!"
Another Japanese social animal said teasingly.
"Let me tell you, this Time magazine is unreliable. I just bought the Jade Emperor Weekly. Anyway, it is at least fairer and more just than Time Magazine."
Sakamoto Neku said.
"You also said that Jade Emperor Weekly is fair and impartial. This Jade Emperor Weekly's Person of the Year is a bit funny, right? How come it has a five-star red flag hanging on it? Shouldn't the figures of the year be human beings?"
"You don't understand this, right? The man of the year in Jade Emperor Weekly is not necessarily a human being, even though he is called a man of the year.
However, the candidate for the Person of the Year does not necessarily have to be a specific person, but can be a couple, a group of people, an organization, an idea, a city or even a new invention.
Its purpose is to select the most representative objects each year."
Someone interrupted.
"Don't tell me, Yan Xia has changed a lot this year. It has successfully established diplomatic relations with 14 countries in one year, which is really impressive!"
"These are all minor. The most important thing is that Yan Xia returns to the International Federation this year and is one of the five elder nations. He deserves to be the man of the hour."
"Hey, according to my opinion, this year's Person of the Year should be Franklin. This is the most appropriate."
"Franklin should indeed be chosen as the man of the year. The disintegration of the Bretton Woods system, which was established 27 years ago, caused the strong knife to depreciate for the first time in 37 years. 100 knife deserved to be the man of the year."
Everyone also laughed. They believed that the economy of the great Japan would catch up with America sooner or later, and then it would surpass America in other aspects and become a world-class power.
