San Francisco Bay Area, Oakland International Airport.
After getting off the plane, Chen Mo separated from Chen Chen and took Cohen straight to Wells Fargo Bank in San Francisco...
Chen Mo purchased a 3-year term financial plan at Wells Fargo for US$3.3 billion, and it took two years to calculate.
Wells Fargo originally accepted this financing because of the financial crisis. The aftermath of the financial crisis is still there, but the economy is recovering... Chen Mo and Cohen came over to discuss the unfreezing of the money, and it happened to be tax filing season...
3.3 billion, with an annual interest of 5%.
It will take more than a year to officially unfreeze this money. If you unfreeze it in advance, the bank will definitely charge some fees...
After four days in San Francisco, Chen Mo withdrew money from Wells Fargo and deposited 3.3 billion. Because the contract was terminated early, Chen Mo only received 3.15 billion. He then paid taxes in the name of the company, and finally received 2.52 billion.
Dollar.
The interest paid by the bank to Chen Mo is paid on a daily basis. From the previous 3.3 billion, Chen Mo has received a total of 166 million US dollars.
The main purpose of investing this money in the bank is to avoid taxes. The money has been invested for more than a year, and it has already reached the threshold of tax avoidance...
On the plane back home, Chen Mo counted his bank account and found that there was a total of 2.688 billion U.S. dollars and 195 million yuan. In addition, the money in the company's account was not counted...
"Boss, are you so unfavorable about the U.S. dollar?" Cohen asked, looking out the window with some worry, taking a sip of wine.
"It's not that I'm not optimistic about the U.S. dollar, it's that Ellie is not optimistic about the U.S. dollar... The current debt in the United States is too high. Of course, the U.S. economy is still very good and strong, but the U.S. government's income has not increased much..."
"Well..." Cohen nodded: "Are you ready to hold RMB, or are you ready to enter the foreign exchange market?"
"I have no interest in speculating anymore. I will use this money to build a breeding company. Yunshan Ranch currently has overcapacity. The current Yunshan District cannot consume the current forage output." Chen Mo cut a stem for Cohen.
He also cut a cigar himself and lit it: "China's market is so big. Even if you just raise pigs, maybe... you can become the richest man in the world."
Cohen smiled: "Boss, you haven't said why you are not optimistic about the U.S. dollar."
"The United States is not the only country that supports the value of the U.S. dollar," Chen Mo said.
Cohen was stunned for a moment, closed his eyes and thought for a long time...
"Does that mean the financial crisis is not over yet?" Cohen said, taking a deep breath.
"Maybe. Financial crises are inevitable and may happen again at any time... The next financial crisis may be five years from now or ten years from now, who knows."
The United States is pursuing unilateral tradeism and has offended many countries. But the United States is simply too powerful...
The U.S. dollar has the attributes of a world currency, but it is not supported by the economic size of the United States... This is very complicated and cannot be explained in a few words.
The U.S. economy is very strong, but in recent years, it cannot be said that the economy is in decline, but its foreign policy has made many countries hate it. Every country likes its own country... This is understandable, but the methods used...
…
Now it’s not just domestic talk, many countries around the world are saying... Americans are destroying the world, while the Chinese are building the world.
In fact, looking at it from another perspective, everything is nothing but ‘money’.
The U.S. dollar has always dominated the world's currency, and China's contribution to this is very large. In the past, the RMB was pegged to the U.S. dollar... The decoupling of the RMB and the U.S. dollar happened in recent years. Today, there are three major currencies in the world, the U.S. dollar and the euro.
RMB…
The US dollar is the largest, the Euro is the second, and the RMB is the third.
Internationally speaking, the euro is more liquid than the renminbi. But one thing that many people may not know is that the renminbi’s liquidity is not as good as the euro, but the economic size of the renminbi area and the euro area are similar.
The total GDP of the Eurozone is about the same as that of China, and is only a little more than half of that of the United States. The US dollar has always been strong. Even when the financial crisis broke out the year before last, the US dollar seemed not to be affected... On the other hand, the euro and the RMB have all depreciated against the US dollar. The US dollar is strong.
, in addition to being the world currency, the RMB has also been staring at the US dollar...
China ranks first in the world in exports, and most of its exports are settled in U.S. dollars instead of other currencies.
The RMB is the third largest currency, and it has always supported the elder one overwhelmingly, without any reservations or conditions. The status of the elder is certainly stable.
But now the trade friction has been going on for many years, and the United States has always wanted to curb China's development, without any reservations, without conditions, and without mercy... The third child now will not continue to support the boss as before...
Moreover, in terms of the economic size of the third child, it is only a matter of time before the third child surpasses the second child. Now the second child is still facing many problems... As the third child, you must have your own ideas, right?
Nowadays, many projects and contracts along the Belt and Road Initiative have begun to be settled in RMB... China is the largest exporter and manufacturing country, so it is completely feasible to settle in RMB.
As long as the RMB can be circulated as an international currency, Chen Mo feels that there is really no need to hold too many U.S. dollars. Besides, the exchange rate between U.S. dollars and RMB is 7.16 at 1:1. Now it is very profitable to convert into RMB... and it is easier to earn RMB than U.S. dollars.
"Will the dollar depreciate?" Cohen asked again.
"I'm not a financial expert. How do I know whether it's depreciating or appreciating... However, in the past two years, except for housing prices in some areas, other prices in China have not increased very much. But looking at the United States, after the start of unilateral trade, the prices of American households
The average support has increased by almost 20% compared with the past." Chen Mo puffed out cigarettes and smiled: "In fact, no matter what, the RMB exchange rate rises or falls, as long as domestic prices remain roughly unchanged, the current exchange rate will be used to exchange U.S. dollars for
If you convert it into RMB and use it to invest in Chinese industries, you won’t lose money... I personally don’t think it will be a loss.”
Chatting about some irrelevant topics on the plane...
Chen Mo withdrew the money from the bank in advance just to spend the money as soon as possible to balance the production capacity of Yunshan Ranch...that's all.
"When Yunshan District gets on the right track, I plan to set up an investment company and incorporate all the companies and company shares under my name into the investment company. How about you becoming the CEO of this company?" Chen Mo stood up and poured Cohen a glass of red wine.
, asked.
"Okay." Cohen nodded.
"It's settled, let's have a drink." Chen Mo picked up the wine glass...
Cohen thought about it, was stunned for a moment, and quickly touched Chen Mo...
Chen Mo's industry is developing too fast, and he continues to integrate resources. While this job seems simple, it is actually not simple...