Chapter 1155 Plaza Accord 3
The celebration party must be attended by reporters, otherwise how can it reflect the wisdom and greatness of Minister James Baker? Moreover, the Finance Minister still wants to continue to rise. Even if he cannot become President, he still wants to become Secretary of State.
This old boy's life experience and family background are also extremely perfect; at least the road to politics is still very smooth.
James Baker was born on April 28, 1930 in Houston, Texas. His father was a well-known lawyer in Houston. After graduating from Princeton University in 1952, Baker served in the Marine Corps for two years. In 1957, he graduated from the University of Texas at Austin School of Law. Later joined a major Houston law firm. Finally becoming a partner of the firm, he campaigned for his old friend George H.W. Bush's Senate campaign in 1970. Although Bush Sr. failed in the election, he has been involved in Republican campaigns ever since.
From 1975 to 1976, he served as Deputy Minister of Commerce of the federal government. In 1976, he served as vice chairman of former President Ford's campaign committee. From 1979 to 1980, he served as the person in charge of assisting George H.W. Bush's campaign. After Bush agreed to serve as Reagan's vice presidential candidate, he served as a senior adviser to the Bush and Reagan campaigns and later served as a member of the White House transition team. From November 1980 to January 1985, he served as the White House Chief of Staff. Be capable and competent when on the job. In January 1985, he became the Secretary of the Treasury of the United States.
With such a perfect resume and family background, James Baker has been able to thrive in both the legal circle and political and business circles; his life has been very fruitful. This time I have made such a great contribution to the United States, and of course my heart is a little swollen. Therefore, I didn't think about comforting my little brother. As long as I was comfortable, I didn't care.
Maybe this is also a common problem among Americans. They only care about their own comfort and never care about the feelings of other countries. The concepts of carbon peak and carbon neutrality have been proposed for a long time. But Americans still go their own way, and environmental protection has nothing to do with them. Only 5% of the population consumes 33% of the world's energy. And when small-displacement or electric vehicles have become mainstream in other countries, they are still large-displacement pickup trucks. It is so arrogant that other countries will not care even if they condemn it.
James Baker came to the stage and said with a smile: "Thank you for coming to New York. Today is a special day. At the same time, it is also a day that has great significance for the entire world economy."
"The United States, Japan, the Federal Republic of Germany, France, and the United Kingdom have just reached an agreement that the U.S. dollar will gradually depreciate and governments will intervene in the foreign exchange market. This is just a market adjustment for the continued appreciation of the U.S. dollar and overvaluation, and will not affect the current situation. There is an economic order.”
The old guy said it directly, making Japanese Finance Minister Noboru Takeshita even more angry. This is not an obvious statement to the world, telling them to sell their dollars quickly. They simply didn’t want to give the Japanese an opportunity, and their intentions were very sinister. But I dare not say anything more, after all, the matter is a foregone conclusion; the Americans are determined to devalue the US dollar, and Japan cannot stop it at all.
Hearing this, the scene seemed to explode. This time, finance ministers and central bank governors from various countries came for a meeting; those who could attend the reception were all professionals, and the reporters were all well-known figures from major financial media.
When I heard James Baker say this, I immediately understood what he meant. This is because the economies of Japan and West Germany are developing too fast, and they want to make up for it; this is too shameless!
But then I thought about it, isn’t this world about the jungle and the survival of the fittest? The United States is now powerful, and Japan and West Germany need to rely on others, and of course they have to spend money to buy peace. But for the world economy, it is an opportunity. At this time, the US dollars in hand still need to be exchanged as soon as possible. It is safer to exchange them for West German Marks or Japanese yen.
The depreciation of the U.S. dollar has become public, and Noboru Takeshita has nothing to say. Although it would be difficult to explain when he goes back, it would be the same for anyone who comes here, and Prime Minister Yasuhiro Nakasone would not be able to do anything to him.
The finance ministers of the five countries had just gathered at the Plaza Hotel for a meeting, and Bao Zixuan in Xiangjiang had already sent people to monitor them closely. After all, his appearance has changed some history, but he is still a little worried in his heart. With so much investment in Japan, without the Plaza Accord, the effect would have been greatly reduced. Because of the strong rise of the Heiyun Group, the money that should have been earned by the Japanese was taken away by him. Whether this will change anything, no one can say.
Fortunately, the Japanese have a deep background, and in some areas the Black Cloud Group has just started; it does not pose a threat to Japanese companies, so the overall economic scale has not shrunk.
They have only taken away shares from American companies, making the U.S. economy worse than in previous lives.
The Plaza Accord has been signed, so there is no need to worry. Blackstone Fund has been buying Japanese yen and selling US dollars before, but the scale is not very large. Now that I have no worries, I can finally let go and have a good job.
At night in the United States, the market in Japan just opens in the morning. As soon as the Tokyo foreign exchange market opened, Blackstone Fund began to sell U.S. dollars in large quantities and buy Japanese yen.
Of course Japanese companies know what's going on, and their intelligence capabilities are not weak. Seeing Blackstone Fund taking action, of course I dare not fall behind. Mitsui, Mitsubishi, Sumitomo, and the Fuji consortium were the first to bear the brunt, and there was a multi-billion-dollar sell-off from the start.
It can be said that because of Bao Zixuan's strong intervention, the US dollar fell faster than in its previous life. In one day, the exchange rate with the Japanese yen dropped from 1:250 to 1:220. The single-day drop exceeded 10%; it was beyond everyone’s imagination.
You must know that this is currency, and it is supported by a national reputation system. It is also the currency of the most powerful country in the world, the United States. In the past 40 years, it has been the common currency of the entire world.
When this happened before, it was likely that the country entered a state of war and was defeated.
After the news reached the United States, James Baker was happy but also worried. I am happy because the U.S. dollar, which had been overvalued before, finally started to fall. The worry is that the decline is too fast, and if not handled properly, it will inevitably cause panic among the public.
But now that the cannonball has been ejected, it is definitely impossible to recover it. That will disrupt all plans and will inevitably damage the national credibility of the United States. When the time comes, Reagan will definitely regard him as a scapegoat, and taking the blame and resigning may be the only way out.
Since it cannot be stopped, let the market decide everything. And he also has confidence, after all, the United States is the country with the most dollars. I really can’t print more, don’t I already have everything? Fortunately, the United States has the ability to act like a gangster. To put it bluntly, it wants the world to pay for it.
After arranging various matters in Japan, Blackstone Fund President Clay Clark came to Hong Kong. Logically speaking, Bao Zixuan should have gone to Japan, but the child was just born, and the goal was too obvious.
It is impossible for Mr. Bao to keep a low profile when he goes to any country in the world. It would be better to have his subordinates come to Xiangjiang to report. The confidentiality measures may not be very good, but they are still much better than what he went to in Japan.
Clay Clark really admired the young boss in front of him from the bottom of his heart at this time, as if nothing could be hidden from him. From the oil crisis; to silver futures; and now Plaza Accord; every bet has been accurate.
As for the fantasy of traveling through time, he hasn't thought about it yet. However, he has a powerful intelligence system and his own super analytical ability; Clay Clerk absolutely recognizes this.
Many people say that Bao Zixuan is the illegitimate son of God, otherwise there is no information about who his father is. Now it seems that it is not unreasonable to say this; at least in terms of luck and ability, God is indeed on his side.
Bao Zixuan: "It will be very hard in the recent period. Let the team members overcome it. This is a long-term process and requires you to stay in Japan for a while."
Since the end of silver futures in 1980, the main force of Blackstone Fund has been operating in Japan. It's been five years now, and when the boss says this, Clay Clark certainly understands what he means. I used to make a lot of money in Japan, but the team members were still a little uncomfortable with it. Now that I have integrated into Japanese life, it doesn’t matter if I stay there for 5 years.
Moreover, the appreciation of the yen is a general trend, and coupled with the continued growth of the domestic economy, the Japanese financial market is definitely more attractive than the United States at this time. People who work on Wall Street always like challenges; as for where they work, it really doesn't matter that much.
Clay Clark said with a smile: "I think the team members will jump with joy when they hear this news. Japan is still very good, and there should be no objection to continuing to work in Tokyo."
Most of the members of the Blackstone Fund are Americans, and they are like a privileged class in Japan. In addition, there are subsidies for working abroad, and the salary itself is very high. The employees' small life is not to mention how nourishing it is.