bloom america
Chapter 436 The Bretton Woods System About to Collapse
"Oh my God ... the US economy is about to collapse." After hearing the federal government's suspension of gold in exchange for gold, Nelson roared so much.
Nelson is a financial expert. His father is British immigrants and nobles.
Of course, the nobles are now prosperous. Although Nelson can let others respect him as "Lord Nelson", the nobles are now a word equivalent to "feudal surplus".
The nobles of the money also said that the ancient English that others could not understand ... This is purely pretending to be stupid. Typical typical.
As a financialist, Nelson thought that his views on the US economy were three -pointers. In the past thirty years of the United States, his understanding of the United States even exceeded his own understanding.
"The US economy is about to collapse. The current US economy is going downhill, and Americans are about to go downhill ..." He began to write, ready to publish: "But we have another way. As we all know, each American is devout
The Puritans, if each of us wishes to the United States with devout wishes, we can spend the difficulties ... "
This is not the public. In fact, Nelson himself is a devout believers. In his opinion, the reason why the United States can develop so prosperous is God's will.
All kinds of evils in the United States that exorcise and dismissal may exist, so it seems that such people seem to be not enough.
However, it seems that the editor of his article is also a "devout" Christian. Therefore, this analysis article written by Nelson was published on the Los Angeles Times ...
"Crazy believers"
Catherine finally concluded such a conclusion: "Although I don't know if God must exist, God will never hurt the United States ..."
Of course, if God has eggs.
But whether God has eggs, this is a question that is more tangled than the first chicken or the egg first.
Unfortunately, now Elsa is not there. She was sent to Jeep by Catherine. There were Ledela, so no one came to listen to Catherine's vomiting.
Catherine has always felt that Elsa can already be alone, so let her do something, it is better than letting her be a secretary here.
It's just ... when Elsa left, Catherine was slightly lost.
"Calculating a Mao financial expert ... such a guy should write a book" Bible II ", maybe it is" Bible "or something ... Let him write religious books, it must be a good 'financial expert'
. ""
Finally, I despised this financial expert again. Catherine began to think about what she had to do next.
The Bretton Forest Monetary System, which is BRDS-System, refers to the international currency system centered on the US dollar after war. The general tariff agreement is supplemented by the 1944 Bretton Forest Conference.
It is a multilateral economic system that is the main content of the "Bretton Forest System", that is, the main content of foreign exchange liberalization, capital liberalization and trade liberalization, which constitutes the core content of the capitalist group.
The establishment of the Bretton Forest system has promoted the recovery and development of the post -war capitalist world economy.
But such a system has serious flaws.
Such a system is realized with the United States as a trade deficit country. Therefore, if such a system continues for a long time, its impact on the United States will be absolutely unfavorable. Therefore, the collapse of the Bretton Woods system is also inevitable.
But... things happened faster than expected.
Both Catherine, who was familiar with history, and Soros, who had everything under control at the beginning, were severely shaken by reality.
For this reason, Soros even flew to the UK in a hurry and went to the London gold trading market to personally take charge. He also ordered his subordinates to make a transoceanic phone call to him every hour to inform him of the new actions of the US government.
Naturally, Catherine did not stop. All kinds of news about this gold were collected by Catherine.
Only then did Catherine discover the benefit of the media below.
Through reporters from TV stations, various inquiries were gathered. There are many of them and they are spread all over the United States. In terms of coverage, they are also very wide. In a sense, the information obtained by Ark Group is not as good as theirs.
Nothing.
However, the information obtained in this way sometimes has some flaws. For example, reporters are less likely to know all kinds of shady information. But sometimes, reporters' reports will not be published - this is capital.
In the world, capital determines everything.
But at least on this matter, they were able to bring Catherine far more advice than Ark Group.
It's not just Catherine's side, in fact, all the major financial groups have gathered together.
Large financial groups 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 incident caused a lot of noise, and Catherine collected a lot of information.
After discovering that everyone else suffered the same tragedy as herself, Catherine felt relieved a little - it would be interesting to die together.
Sometimes people are such strange creatures. When they are going to die, they are extremely scared, but when they hear that the world is about to end and everyone is going to die, they can actually feel at ease...
Of course, Catherine now has nothing to do with Rockefeller and the others. Compared to these large consortiums, Catherine's company is not worth mentioning at all.
Looking 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 flight to attend Wal-Mart's board meeting - this incident is likely to have an impact on Wal-Mart, so a board meeting must be held.
…
"The exchange of U.S. dollars for gold has become increasingly unreliable. The federal government is likely to choose to significantly devalue the U.S. dollar. This is not good news for us."
At Wal-Mart's general meeting, directors generally agreed with this view.
With the relative depreciation of the US dollar, the cost of foreign imports has also increased. If it were other supermarkets, forget it. But here is Wal-Mart, a Wal-Mart supermarket with a strategy of small profits but quick turnover, which is very sensitive to products.
.
If the U.S. dollar depreciates significantly, it means that the prices of cheap imported goods will increase significantly. 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 cheaper purchase channels, but it seems... somewhat unlikely in the short term."
"The price of goods purchased from Japan seems to be very cheap..."
"Yes, it is indeed temporarily beneficial to us to contact Japanese companies, but everyone, have you ever thought about the attitude of these Japanese manufacturers entering the U.S. market? They want to monopolize, and it is no different to cooperate with them.
They are trying to get skin from a tiger." 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..."
"Yes," someone had the same opinion as Catherine: "If it were the Japanese, we would get the most favorable purchase price, but after a while, they would take the opportunity to raise the price, and by that time, we would have reached the point where it was impossible to
When you don’t rely on them.”
"And when they raise prices for us, they may not raise prices for other suppliers. In other words, it is Wal-Mart that suffers the loss."
Such is the situation, the Japanese will take the opportunity to make various demands at this time.
Just like they did, do now, and will do in the future.
"But some commodities... the prices in our country are really too high... As you know, 'environmental protection' has become popular recently. Many manufacturers have been blocked by environmentalists and cannot start construction. In the end, they have to promise to build various
Processing device, so price wise…”
"Are there no people going abroad to set up factories? Taiwan seems to be a good place."
The late 1960s was also a period when labor costs in the United States increased significantly. At this time, a large number of American manufacturers set up factories abroad, leading to the unprecedented prosperity of the so-called "Four Asian Tigers".
"Taiwan is indeed very favorable, but after all, we are separated by the Pacific Ocean. If something happens, there may be serious consequences..."
Inconvenient communication... Indeed, this is a problem.
And after all, they are separated by the Pacific Ocean. Many people are still a little worried. After all, they do not have a "prophet" like Catherine.
"If we keep purchasing at the current price, how much loss will we make?" Catherine continued to ask.
"We will probably maintain a break-even situation, but if we try to expand Wal-Mart again, we will definitely start to lose money."
Relying on the Internet, Wal-Mart has established a magnificent supply and marketing network, so they can draw the most accurate statistics, which is something that other merchants cannot do.
"Then try to keep it like this. This situation won't last too long. It won't have much 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 very smart. Once they find that costs have increased and profits have decreased, they will do everything they can to reduce costs...
All this requires is just a little time.
…
I'm not some rotten girl, I'm a pure man with 24k gold~
In addition, I uploaded it but forgot to publish it... I'm embarrassed...
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