Chapter 441 Venezuela Abandoned by God (1)

"You are not the only one who is unlucky? How do you say that?"

Yang Cheng asked back in surprise, he really failed to understand this sentence, could there be something else going on here?

John Paulson raised his chin in the direction of the old stock god, "Several stocks that Warren holds heavily in have not performed satisfactorily, and Berkshire's stocks may suffer a severe setback this year."

The old stock gods never like to invest in high-tech companies that are in the limelight for a while, but choose those old companies that have not been "swimming naked" after several ups and downs. Everyone on Wall Street knows this.

However, the biggest difference between 2015 and 1999 is that technology companies emerging from the early Internet wave may still be suspected of bubbles, but today’s Internet has become as important as railways and electricity. Even the high-tech stock IBM, which he holds one of the few high-tech stocks, is now a sunset and has lost its momentum.

It makes sense if you think about it this way, no wonder John Paulson said that he was not the only one who was unlucky.

"There is also Bill's Pershing Square, which encountered the same bet failure as mine. A large amount of money was placed on biochemical and pharmaceutical stocks. This year's year-end inventory, the return rate of our funds may appear negative. Sigh... Life is hard." Listening to John Paulson's sigh, Yang Cheng didn't know what to think, did he want to say that his company made money, and all the money was invested in me?

However, such a gloomy atmosphere did not last long. The dinner officially began. The old stock god gave a wonderful speech as the initiator of the dinner. The direction of marching is actually a kind of brainwashing in disguise, so that his believers can understand the next investment intentions, and invest their idle funds together, increase the scale and strength of hot money, and use powerful funds Hedging a stock, isn't that a sure profit?

The old stock god has played this routine more than once. As long as investors calm down their feverish minds, it is not difficult to find out if they think about it carefully. That being the case, why tear it down?

After the sumptuous and harmonious dinner, there was a small wine tasting party, which was the highlight of the night. All irrelevant people were removed from the stage, leaving only a dozen or so top rich people to discuss major issues.

In the small reception room next to the restaurant where the dinner was held before, the flames from the snow branches in the fireplace crackled, and the aroma of cigars permeated the whole room. All the rich and rich looked relaxed and comfortable, exchanging glasses in twos and threes, whispering from time to time. He spoke, but his peripheral vision never left the figure in the middle.

Yang Cheng also lit a cigar, and leaned on the soft single sofa with his legs crossed to doze off. On his left was John Paulson, who was arguing with his peers red-faced, and on his right was Jack Ma, who also did not speak. With great interest, he silently sipped the red wine in the glass, his expression very intoxicated.

As for the opposite of Yang Cheng, and the Facebook founder CEO Mark Zuckerberg who came in a hurry after the dinner, Xiao Mazi had the same kind and friendly smile as before today, and his whole body was filled with a gloomy atmosphere, as if he had heard the news before coming here. Some bad news made him very angry, but he had nowhere to vent his anger, so he could only sulking in his heart.

In addition, Yang Cheng also discovered several big names who also did not appear at the dinner party before, including the two CEOs of JP Morgan and Citigroup, Jamie Dimon and Mike Corbert, directors of Gao Sheng, etc. The regulars on the list, as well as the powerful figures on Wall Street, have a combined personal wealth of hundreds of billions of dollars, and the wealth under management has reached trillions of dollars, and the industries that can be affected are all over the world. Every corner of people's livelihood.

It can be exaggerated to say that if the people in this room go to heaven at the same time, it is not an exaggeration to say that the global economy will go back ten years!

"Ahem~" The old stock god cleared his throat, reminding everyone to pay attention.

After everyone cast a curious look, he smiled and said, "This room brings together the world's top wealth owners, as well as elites who can influence the economic direction, and everyone knows each other, so I don't need to worry about it." Even if you are not familiar with each other, I believe you will become familiar after today, first of all, let us raise our glasses together to celebrate this rare meeting."

The simple opening remark easily controlled the rhythm of the conversation. Everyone responded to the old stock god's words and toasted each other to greet each other, but none of them cheered. .

"In the 1990s, there was a country in South America that was called an economic engine. When former US President Mr. Lagerton visited South America in 1997, this country was the first stop. It is located on the coast of the Caribbean Sea in South America. North, Venezuela known as the 'land of the waterfalls'."

Following the description of the old stock god, everyone quickly turned on their brains, each with an 8-core brain like a Core I7, keenly aware that today's gathering is related to this South American pearl, so what is there in Venezuela that deserves such serious treatment by the old stock god? The answer is obvious - oil!

The old stock god's sharp eyes swept across the field, and continued with a chuckle, "However, this country with a developed economy, pleasant scenery, and peaceful people has recently experienced some problems. The main problem is that the phenomenon of inequality has been increasing. A small group of elite forces firmly controls every aspect of the country, while poverty and poverty continue to spread.

In 1999, Venezuela elected Chavez as president. After Chavez came to power, he cut off the connection between Venezuela and the United States. Chavez’s rule over Venezuela ended when he died of illness in 2013. Even today, Chavez Still considered a national hero by the poor.

Chavez's ZF spends a lot on welfare programs, ZF sets a fixed price for every commodity, even nationalizes the farms, then throws them all away and instead bets the country's economy on the crude oil export market . "

Everyone was stunned, is it really oil?

"Before Chávez died, he chose Maduro as his successor. The latter did inherit the policies implemented by the Chávez government. However, it didn't take long for Maduro to announce that he would stop publishing any reliable statistics. Data, including economic growth and inflation rates, taking millions of dollars in bribes from construction projects, and borrowing heavily even as they struggle to service existing debts.

At this time, to be precise, since last year, the international crude oil price began to plummet. In 2014, the international oil price was about 100 US dollars per barrel. Crude oil continues to flow into oil pipelines, and some countries have begun to greatly increase market supply. However, at the same time, global crude oil consumption has not increased. The embarrassing situation of oversupply has kept international oil prices on a downward trend. Not to the end.

At present, the international oil price is maintained at around US$50-60 per barrel, which means that everyone understands that Venezuela's national income has been directly "cut in half" compared with before.

What followed was a significant reduction in the government's cash reserves. How to control prices will become a difficult problem for the Maduro government. The Venezuelan government still heavily subsidizes grain sales to keep prices far below normal prices. As a means to appease the poor, in addition, they are also preparing to print money at an extremely fast speed, which will inevitably lead to a sharp depreciation of the country's currency, the bolivar, and a huge impact on domestic employment and labor and capital levels. "

When the old stock god said this, Yang Cheng had already guessed his intentions pretty closely. No, to be precise, it should be the intentions of the people or forces behind him! Including Yang Cheng, no one would think that this matter was initiated by the old stock god himself. The older the old guy, the more timid he became. If he hadn't undertaken a certain task, the old stock god would never have jumped out to show his eyes!

Hehe~, Yang Cheng kept sneering in his heart, "Are those vampires in the White Palace planning to brandish new butcher knives at Venezuela? But, are they not planning to use force this time? They are afraid of a war at their doorstep and a frenzied influx of refugees." Enter? Stop playing martial arts and change to literary fighting? Are you going to change to the Federal Reserve leading Wall Street to conquer a country?"

Those who also reacted were Jack Ma and the top rich men from other countries, as well as the Wall Street hedge fund managers who had not received any news for the time being. It seemed that the CEOs of the three giants, JP~Morgan, Citigroup, and Goldman Sachs, were present. Everyone else has a hellish expression on their faces, even Xiao Mazi has a dignified expression, his eyebrows are about to break through the ceiling, his inner OS should be, "fuck, I'm in business, Why do you drag me on this matter?"

Yang Cheng felt a burning gaze from the side, so she had to turn her head and cast a helpless look at Jack Ma, meaning, "Young Master is also innocent, okay?"

"There are so many business stars familiar to the public gathered this time, isn't the Fed planning to use these people as scapegoats?" Yang Cheng suddenly felt cold behind his back, thinking maliciously.

But as far as the facts are concerned, leaving aside the conspiracy behind this matter, from the narrative of the old stock god just now, Yang Cheng can draw a general conclusion that Venezuela is one of the countries with the largest supply of crude oil in the world, so the country was once Think sitting on inexhaustible cash reserves.

But now the Venezuelan government treasury is about to dry up, prices are soaring, and the currency is depreciating. No one knows whether such a bad situation will continue to worsen. If there are "evil forces" behind it, it seems that there is only one ending in the end-bankruptcy!

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