Chapter 1073 Mistake, Doomed From the Beginning

Peanut was tearing 13, and so was Smecta. They now know that, no matter what, they can no longer pretend to be the strongest in the universe.

The rhetoric of being fifth in the world within 10 years seems to be yesterday. Unfortunately, now it seems that this distance seems to be getting farther and farther.

Kia, Hanbo, Jinro, Sammi, Halla, Haitian, Danong, Cheonggoo, Ssangyong. Nine large consortiums have either collapsed or are filing for closure.

There are a total of thirty consortiums, one third of which need to go bankrupt. Even the remaining 21 families don't seem too outrageous.

At least, Daewoo doesn't seem to be able to hold on anymore.

Three months ago, you seemed to be robbing Kia, but now, otherwise, you can sell it to four stars together.

Smecta looked back, damn it, let alone four stars, Hyundai is not interested. Can survive, as long as they can survive, they are willing to pay any price.

Smecta now understands that if others dare to lend you money, they are not afraid of your refusal. If you dare to renege on your debt, don't worry, you will definitely regret it for the rest of your life.

Sovereign rating change to B- is just the beginning, if need be, it can be changed to C.

In this situation, A- will die.

B?

Hahaha, I can only add another silly word to you.

Anyway, Japan has stopped giving money, and at a loan interest rate of 30%, it is impossible to borrow money.

Smecta's economy is completely copied from Japan. They believe that the main problem in Japan is the real estate bubble. I will limit it here, and I guess it will be fine.

Ever since, they encountered the bubble crisis of the magical revision. Judging by the current disgusting appearance, it seems that it is not as good as Japan.

Blind arrogance and blind expansion, this way of economic development was wrong from the very beginning.

Smecta is a small country in the region. From a geopolitical point of view, it really has no other choice but to take advantage of both sides.

The period after World War II should be the most elated. As a punishment, Japan is not even considered a complete country, and the boss of the family is at odds with the big rabbit. Well, there is really no one around to bully it.

Japan's sudden take-off made Smecta grit his teeth in hatred. If he wasn't fighting a war here, he might be able to replace Japan's position.

Japan is hitting the street, which is good, we finally have a chance to catch up, if not overtake, it will be close.

In 1995, Smecta saw hope. Because there was an earthquake in Japan, which had just improved a little bit, so their chances increased by a little bit.

Unfortunately, they overthink it. Although the Japanese are bastards, they used to be called great powers. Even if you blow them back to the stone age, they have built aircraft carriers.

It's funny to say, but Smecta's feelings for Japan are really hard to describe in words. You said that their relationship is bad, and Smecta likes to imitate Japan very much. Not to mention other things, I like to gamble, and I have a fight for both of these two things.

The government is very clear about what its citizens look like, so the legal gambling in Japan is either sports competitions or pachinko machines all over the street.

Smecta is a little different, they have their own Casino. However, citizens of this country are not allowed to set foot in it, so the depressed Smecta drifted across the ocean.

Well, this is actually worse. Since they like to die, you might as well keep your money in the country.

"Tsk, is this going to go ahead and just bury Smecta?"

They may not care about Smecta's thunderstorm, Ying Jiang, who is in charge of all this, can't stand it first. You bastard, it's just some wool, why are you taking out your heart, liver, lungs and spleen? The colorful monsters are disgusting.

"Warren, I have studied their foreign investments. There is a common risk, and they like high returns."

Ha, Buffett smiled, a little wretchedly. If he hadn't been more familiar with him, Charlie Munger would have wanted to run away. Old rabbit, you look very evil now, you know that.

"Charlie, their per capita income has increased a hundred times since the war. You say, a person who has been eating bran for a long time, you suddenly give him a lot of money..."

The old guy said so, so there is nothing to say, but how long will this terrible situation last.

"Warren, they shouldn't have done it in the first place. They shouldn't have done it in the first place. They shouldn't have reneged on their debts, and now they can't borrow a dime."

"Oh, these evil spirits, I don't care whether they are dead or not. If so much money is gone, many Japanese banks will go bankrupt, and even we, the prospects are not very optimistic.

By the way, what does the Treasury Department say now? "

Charlie Munger smiled bitterly. In his opinion, those conditions were too exaggerated. It can be compared to that time a hundred years ago. At that time, Japan forcibly lent 10 million yen to Smecta, and since then, they have kicked off the prelude to colonization.

"It's very harsh. I can't stand it. Robert Rubin is crazy. I'm curious. Why did Smecta create these conditions?"

In fact, Smecta still refused this cheating agreement until the signing day.

It's a pity that if you don't sign it, the country will go bankrupt. This is not an unemployment rate of more than ten percent. If one is not good, it is forty or fifty. Don't talk about company employees. Even government employees will also be dismissed from get out of class.

This is an agreement that was signed in a mud pit. It is called a national shame day, but it is not too much.

But, then again, who gave you money from A's family. Smecta's consortium economy is that the government guides the loan, and then the bank provides very low interest.

Finally, the consortium earns foreign exchange through export and returns part of the profits to the government. Well, in this cycle, your government benefits, and since it benefits, you can't say anything about marketization.

Invisible guarantees are also guarantees. If something goes wrong, foreign investment banks will bear the losses. How can there be such a funny logic in this world.

Robert Rubin, who is this guy?

Former Goldman Sachs senior partner, so, does his position need to be explained?

No need at all!

Goldman Sachs' partner system is one of the most important reasons for their success. This place is basically a muddy pond, as long as there is a way, it will occupy a seat on this platform.

Let alone a little Smecta, in the end, Goldman Sachs, a deformed monster, was an existence that could not be provoked at all.

Do you know why you only save the two rooms but not the brothers?

You Lehman fight against Goldman Sachs all day long, will they find an opportunity to deal with you?

In the end, this is actually the only consortium left in the United States. Morgan Stanley dare not provoke, Citigroup has only half life left, other so-called predators, either retire or join Goldman Sachs. Anyway, after 2008, it is basically in this form.

The position of Secretary of the Treasury of the United States, starting from Robert Rubin, has basically been dominated by Goldman Sachs for a long time. President, you can change whatever you want. It is best not to worry about this position.

"25% interest rate? I want to lend money to Smecta. The profit of industrial products exceeds 20%. Do you know how difficult it is?

Alas, these guys still make money. "

"Boss, that's more than that." Felson smiled and didn't care, it was just taking advantage of the fire, which is no big deal.

"Oh, tell me."

"Bank securities firms are fully open, allowing mergers and acquisitions, including hostile takeovers, and abolishing all licenses. The most critical one is that the IMF must supervise financial institutions."

"Hahaha, stop talking, the last one is impossible to agree to. IMF is playing like this, is it planning to disband Smecta's Monetary Authority?"

"Robert is indeed ruthless. Such a condition has already caused a lot of noise in Peanutton."