Chapter 1049 Confident Confidence
On July 2, Thailand announced that it would abandon the fixed exchange rate, and the Thai baht fell by 17% that day. In the following two weeks, instead of stabilizing, it fell all the way.
Smecta, who was thousands of miles away, didn't care at all. From their point of view, other people are really stupid. It would be strange if they didn't die if they speculated on real estate.
Japan's real estate bubble burst, Smecta thinks they will not. In order to prevent property speculation, they have indeed formulated a lot of policies.
Well, it’s actually worse if you don’t speculate. Studies have shown that Smecta likes gambling very much, and the degree of addiction is twice as high as that of Japan.
You know, Japan is a country with pinball machines for all. From this point of view, they are a country with a great gambling addiction. It is twice as high as Japan, which is to do more to die.
Gold jewelry, beautiful LV bags, brand-name hairpins, perfumes and Japanese cosmetics. They buy everything they like.
They did not catch up with the turbulent waves thousands of miles away. They don't care about the subtle changes around them. Karaoke and high-end barbecue restaurants basically require reservations, otherwise, you will have no place at all.
Until July 15, Smecta's seventh largest chaebol, Kia Group announced that it had entered bankruptcy protection.
What the hell is going on? Does the matter in Thailand have anything to do with us?
We do not speculate in real estate, and the whole world likes our products. In just a few years, we will surpass Japan.
The so-called self-confidence of fans is roughly like this.
With the continuous depreciation of the yen, the competitiveness of Smecta's products is also declining. When the price is similar, do you buy Somi or four-star?
As for cars, Hyundai is still so-so, and entered the market earlier, and American emperors can't figure out the difference between Honda and Hyundai.
As for Kia?
What it is.
The seventh largest chaebol is about to go bankrupt, which is a major event in any country. Arriving at Smecta's place, ahem, it seems that the situation has changed.
"Honey, will Smecta be okay?"
"Hey, Fuzhen, how could it be all right, this time the trouble is serious, but you don't have to worry about your father.
Aside from the fact that building cars is kind of stupid, he's a good entrepreneur. Of course, it would be even better if he let you take over. "
"Bah, mine is as good as you said. Giggle, you must be having a headache right now?"
William White smiled wryly. What else could he say? White Farm does not use bone meal as feed, so of course there will be no mad cow disease.
However, as long as the logo of the United States is printed on the package, it will be boycotted. Not only that, the farmers of Smecta drove their cows to the street again.
Not to mention, the beef of the US imperialists has mad cow disease, and they are resolutely prohibited from entering Smecta.
William White really can't say anything about this. The situation is really serious, after all, most farms use mixed feed. Inside, there are not only genetically modified crops, but also additives made from animal offal.
This is so common that it cannot be disputed at all. Of course, for the current one-size-fits-all, discomfort is also necessary.
Why?
My place is ecological farming, did you do this on purpose?
Bastard, the origin of mad cow disease is the British Isles, does it have anything to do with me?
Relatively speaking, the small land area requires intensive cattle breeding. In the industrial production of beef, problems are inevitable.
What, the United States is also very serious.
There is really no way to refute this allegation. How powerful the power of capital is, these cows run around endlessly, it is better to lock them up to grow meat.
As for White Farm?
It is a tourist attraction and has no reference value. Whoever repaired the farm so well is simply crazy.
"Mad cow disease is really terrible, Fuzhen, don't be careless. Beef and milk are delivered every week.
There's no cure for this thing, it's all a damn John Bull, how did you drive the bull crazy? "
"Hehehe, they don't dare to take this blame. I heard that at least tens of billions of pounds have been lost. This is really terrible."
"Ten billions? Not only that, if there are endless new things, hundreds of billions is not impossible. By the way, I don't understand one thing. Don't you really worry about the financial crisis in your country?
You know, Kia is already dead. "
"Well, it seems that the news is no longer concerned. Maybe, maybe it won't be a big deal?"
William White fainted, nothing serious?
Are you kidding me, Lion City will be affected, Smecta should save some effort. Lion City is a real industry, and chemical semiconductors are the most advanced in the world.
Of course, there are some things that William White is inconvenient to say. Besides, his mind was not on Smecta. It is said that men use their lower body to think about problems, which still makes sense. I was talking about work just now, but after a few words, I started to go wrong.
Close your eyes, the image of Smecta slowly overlaps with the Gallic rooster.
"They bypassed the Maginot Line, and we're finished," cried the boss of the Gallic Rooster.
"It's okay, we still have a chance. Where's your reserve team? Are they in Paris?" Although the situation was very tense, Roosevelt could only comfort his good friends.
"What? Reserve team, what is that? We don't have any!"
Fuck, Roosevelt cried too, shit, you told me there was no reserve team in the decisive battle with more than a hundred divisions?
Damn it, it's still knitting!
When Smecta asked the US emperor for help, it was almost like this scene. Nima, the US emperor was startled, he was still watching the excitement. This one was not careful, and one of his calves was broken.
Thailand doesn't need to be saved, anyway, they grow food well, and the black buddies are suffering from hunger. If it doesn't work, send it to Africa.
If Smecta collapsed, it would be a big trouble. Although this peninsula has no output, the geographical location is very important.
Easily crossing the middle-income trap, Smecta's per capita income was over US$10,000 in 1995. In 1996, they had entered the sequence of developed countries.
Therefore, it is easy to understand that self-confidence is lost. When emerging market countries enter developed countries, they usually encounter legendary traps.
However, Smecta did not fall into the income trap of a middle-level country. Not only did they successfully surpass it, but the ranking is still on the way up. Now that Japan is failing, Smecta has begun to expand. They believe that they have a chance to replace Japan.
No, it is the production base, as if no one knows how to do it. Soon, Smecta's car output successfully exceeded five million units per year.
You know, their own country's demand is only 500,000 units. Eighty yen is exchanged for one dollar, so Smecta still has a chance. When the yen becomes 150, ahem, your Hyundai is more expensive than a Honda.
What, Smecta quickly climbed out of the quagmire, almost the first country in Asia to escape the financial crisis.
Cough cough, think too much, before 1997, what was the standard of living for an ordinary Smecta. What is the standard of living in 2007 is completely different.
Smecta himself made a movie called The Day of National Bankruptcy, which is about that period of history.
Let's put it this way, the interests of the consortium have been preserved as much as possible. Small and medium-sized enterprises are basically wiped out. As for the so-called elite class, it depends on luck. It is not easy to say whether it is good or bad.
Ordinary salted fish, forever lost dreams. Well, the peasants' small life is not bad. In this regard, they are similar to Japan.