Blooming America
Chapter 436: Bretton Woods system about to collapse
"Oh my God... the American economy is about to collapse," Nelson shouted after hearing that the federal government would suspend the gold exchange business.
Nelson is a financial expert. His father was a British immigrant and a nobleman.
Of course, the nobility is out of fashion now. Although Nelson can let others call him "Lord Nelson", now the nobility is a term equivalent to "feudal remnants." In those novels, there are a group of people who manipulate capitalist countries. The nobleman of money still speaks ancient English that others don't understand... This is purely a typical example of pretending to be stupid.
As a financial scientist, Nelson thinks that his views on the American economy are in a stalemate. In the past thirty years in the United States, he has learned about the United States and even passed his own understanding.
"The U.S. economy is about to collapse. The U.S. economy is going downhill, and the Americans are going downhill..." He began to write an article, preparing to show it out: "But we have another way. As we all know, every American is pious. The clear ***, if each of us bless the United States with a pious heart, we will be able to tide over the difficulties..."
This is not grandstanding. In fact, Nelson himself is a pious ***. In his opinion, the reason why the United States can develop so prosperously is the will of God.
In the United States where the exorcism is dancing, all kinds of cults may exist, so the appearance of such a person does not seem to be enough.
However, it seems that the editor who reviewed his article is also a "religious" ***, so the analysis article written by Nelson was published in the "Los Angeles Times"...
"Mad Believers"
Catherine finally came to this conclusion: "Although I don't know whether God must exist, God will never hurt America..."
Of course, if God has eggs.
But whether God has an egg or not is a more entangled question than the chicken or the egg.
It's a pity that Elsa is not here now, she was sent by Catherine to the Jeep company, and she was also with Lerila, so no one came to listen to Catherine's complaints.
Catherine always felt that Elsa could be alone, so it was better to let her do something than to let her be a secretary here.
It's just... after Elsa left, Catherine was a little bit lost.
"A mao financial expert... this kind of guy should write a "Bible", maybe "Bible Biography" or something... Let him write religious books, he must be a good'financial expert'. "
Finally despised the financial expert again, Catherine began to think about what she would do next.
The Bretton Woods monetary system, also known as Brds-system, refers to the international monetary system centered on the US dollar after the war. As a supplement to the Bretton Woods Conference in 1944, the General Agreement on Tariffs, together with the various agreements adopted by the Bretton Woods Conference, are collectively referred to as the "Bretton Woods System", which is based on foreign exchange liberalization, capital liberalization, and trade liberalization. The multilateral economic system, which constitutes the core content of the capitalist bloc, is a system for realizing American economic hegemony in accordance with the principles established by the United States. The establishment of the Bretton Woods system promoted the recovery and development of the post-war capitalist world economy.
But such a system has serious flaws.
Such a system was realized with the United States as a trade deficit country. Therefore, if such a system continues for a long time, its influence on the United States is absolutely unfavorable. Therefore, the collapse of the Bretton Woods system is also inevitable.
But... things came a little faster than imagined.
Whether it was Catherine, who was familiar with history, and Soros, who had everything under control at the beginning, they were all stunned by reality.
For this reason, Soros even hurriedly flew to the United Kingdom to take a seat in the gold exchange market in London, and ordered him to make a transoceanic phone call every hour to tell him the new actions of the US government.
Naturally, Catherine did not stop here. All kinds of news about the gold were collected by Catherine.
At this time, Catherine realized that there was a media advantage below.
Through TV reporters, various inquiries have been aggregated. They are numerous and spread all over the United States. In terms of coverage, they are also very wide. In a sense, the news that aRk Group has received is also relatively large compared to them. Not much.
However, the information obtained in this way sometimes has some flaws. For example, it is rare for reporters to know all kinds of shady information. But sometimes, it is reporters' reports that will not be published-this is the world of capital, and capital determines everything.
But at least in this matter, they were able to bring Catherine a consultation far beyond the aRk Group.
It's not just Catherine's side, in fact, all major consortia have gathered.
Large consortia such as Rockefeller, Morgan, and DuPont also began to hold emergency meetings at this time-everyone was caught off guard by the federal government's stupid move.
This time the incident caused a lot of movement, and Catherine collected a lot of information.
After discovering that everyone else was in the same tragedy as herself, Catherine felt a little relieved-it was fun to die together.
Sometimes people are such strange creatures. When they are about to die, they are terribly scared, but when they hear that the end of the world is about to come, everyone is going to die. At this time, they can feel relieved...
Of course, Catherine has nothing to do with Rockefeller. Compared with these large consortia, Catherine's company is not worth mentioning.
Look at the time, it's almost four o'clock in the afternoon.
"Ah... let's go back first." Tomorrow afternoon I have to catch a plane to participate in Wal-Mart's board of directors-this time, it is likely to have an impact on Wal-Mart, so a board of directors must be held.
...
"The exchange of U.S. dollars for gold has become increasingly unreliable. The federal government is likely to choose to depreciate the U.S. dollar significantly. This is not good news for us.
At the Wal-Mart conference, the directors generally agreed with this view.
With the relative depreciation of the U.S. dollar, the cost of external imports has also increased. If it's another city, then forget it. But here is Wal-Mart. Wal-Mart, which has a strategy of small profits but quick turnover, is very sensitive to products.
If the U.S. dollar depreciates by a large amount, it means that the prices of cheap imported goods will be greatly increased. In Wal-Mart, one-third of the commodity prices may be affected.
For Wal-Mart, once the price increases, its original word-of-mouth effect is reduced by half, because Wal-Mart itself attracts others with the lowest price.
"Maybe we should choose a cheaper purchase channel, but it seems...somewhat unlikely in a short time."
"The price of goods purchased from Japan seems to be very low..."
"Yes, contact with Japanese companies is indeed beneficial to us temporarily, but you guys, have you ever thought about the attitude of these Japanese manufacturers into the US market? They want a monopoly, and cooperation with them is no different. Yu and the tiger are looking for skin." Catherine interrupted the other party: "They are like drugs, which make people want to stop, but once they take the opportunity to increase the price, we will have nothing to do at that time..."
"Yes," some people have the same opinion as Catherine: "If we are Japanese, we will get the most favorable purchase price, but after a period of time, they will take the opportunity to increase the price, and by that time, we have reached the impossible. When not relying on them."
"And when they raise prices for us, they may not raise prices for other suppliers. In other words, it's our Wal-Mart that suffers."
This is the situation, and the Japanese will take the opportunity to make various requests at this time.
It's as if they were, are, and will do in the future.
"But some commodities... our domestic prices are too high... You know, what is "environmental protection" prevailing recently, many manufacturers are blocked by those environmentalists and cannot start construction, and finally have to promise to build all kinds of Processing device, so in terms of price..."
"Doesn't anyone go abroad to set up factories? *** seems to be a good place."
The end of the decade was also a period when labor costs in the United States increased significantly. At this time, a large number of American manufacturers went abroad to set up factories, which led to the unprecedented prosperity of the so-called "Four Asian Dragons".
"*** There is indeed a great deal, but after all, there is a Pacific Ocean. If something happens, it is likely to have serious consequences..."
Inconvenient communication... Indeed, this is a problem.
And after all, it is separated by a Pacific Ocean, and many people still have some worries. After all, they do not have a "prophet" like Catherine.
"If we keep purchasing at the current price, how much will we lose?" Catherine continued to ask.
"Probably we will maintain a balanced state ~ www.wuxiaspot.com~ but if we want to expand Wal-Mart, we will definitely start to lose money."
Relying on the Internet, Wal-Mart has established a magnificent supply and marketing network, so they can get the most accurate statistics, which is something other businesses cannot do.
"Then try to keep it like this. This situation will not last too long. It will not have a big impact in the short term."
At least the U.S. dollar has not depreciated yet.
In other words, there is still buffer time.
Capitalists are all astute. Once the current costs increase and profits decrease, they will do everything possible to reduce costs...
All that is needed is a little time.
...
They are not bad girls, they are pure men with 24k gold~
In addition, I forgot to post after I uploaded it... I'm embarrassed.... ..
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