Reborn Business Tycoon

Chapter 453: Black Storm (6) Yao Yi said: "Forget it, we will talk about this later."

Yao Yi left the old king with a suspense. In fact, this was left by Yao Yi on purpose. He had his own purpose.

The old king is now obsessed with Yao Yi's gold. In fact, Yao Yi has left a layer of guarantee for his gold in the United States.

The old king knew very well that when the economic downturn occurred, gold was the most important thing. Yao Yi said half of his words, which made him very depressed. He asked eagerly: "Duke Yao, what happened?

thing?"

Yao Yi said: "I have a batch of gold secretly stored in the United States. I am afraid that the United States will detain it, so I want to legally transport it out in advance. But now I feel that the time is not yet ripe. I will talk about it later. Please keep it secret for me."

The old king was surprised, happy, and itchy at the same time, and he had already begun to make small calculations in his heart.

The old king said: "Don't worry, I will keep it a secret for you. I will find a solution for you about this warship."

Yao Yi said: "It's not necessary for now. We'll talk about it later. Let's see the attitude of the United States first."

The old king also understood what Yao Yi meant and said: "No matter when and where, all the citizens of Switzerland will stand by your side, and it is your loyal support."

After receiving this sentence, Yao Yi had achieved his strategic goal and began to plan his next plan.

Accompanied by the old king, Yao Yi and others arrived at Lake Geneva Manor. After entering the house and sitting down, Yao Yi said: "It feels so good to be home, haha."

The old king smiled and said: "Yes, Switzerland will always be your home."

Yao Yi said: "Your Majesty, do you have something to discuss with me?"

The old king said: "Haha, Duke Yao is very smart. I think Duke Yao knows what I want to say without me having to say anything."

Yao Yi said with a smile: "Your Majesty the King, I think we have to wait and see the international situation before deciding on this matter, and I also heard that the United States is going to impose sanctions on me, so at this time, I think it is better to wait and see the situation before making any decisions.

"

The old king said: "Duke Yao, I think this matter should not wait any longer. From this morning to now, the stock price has been plummeting. If it continues to plummet like this, you should be very clear about what the consequences will be. We

Needless to say, we need to at least stabilize our domestic banks first. What do you think? As long as we stabilize them, the rest will be easy to handle."

Yao Yi said: "Your Majesty the King, have you ever thought about it? If our side is stabilized, the world's hot money will come to seek safety. This hot money comes and goes quickly. Therefore, our country is now doing

Are you ready for this? If there is not enough gold in Japan, I think this matter should be slowed down and wait to see what the United States says."

The old king said: "I have also considered this matter, but if these situations really arise, I will use the Special Drawing Rights of the International Monetary Fund."

The Special Drawing Rights (SDR, also known as paper gold) is a reserve asset and unit of account created by the International Monetary Fund, also known as "paper gold". It is an asset allocated to member states by the Fund.

A right to use funds. When a member state has a balance of payments deficit, it can exchange it for foreign exchange with other member states designated by the IMF to repay the balance of payments deficit or repay the IMF's loan. It can also be freely exchanged with gold and currency.

It also serves as an international reserve. However, because it is only an accounting unit and not a real currency, it must be converted into other currencies before use and cannot be directly used for trade or non-trade payments. Because it is the original ordinary currency of the International Monetary Fund.

A supplement to the drawing right, so it is called the special drawing right.

Main purpose: After participating countries are allocated special drawing rights, they are listed as national reserve assets and can be used if a balance of payments deficit occurs. The use of special drawing rights must be done through the International Monetary Fund, which designates a participating country to accept the special drawing rights.

The special drawing rights can also be used directly to repay the International Monetary Fund's loans and pay interest costs; as long as both parties agree, the participating countries can also

Special drawing rights can be directly used to provide and repay loans, make gifts, and be used for various financial businesses such as forward transactions and loan guarantees.

To put it bluntly, the role of the Special Drawing Rights is equivalent to that of gold. It is a reserve. However, this reserve is a right and a virtual thing. Its role is equivalent to gold but not gold.

The representative of the highest credibility in the world.

Take Switzerland as an example. If international hot money pours in, Switzerland's domestic gold reserves are less than 600 tons. Other foreign exchange reserves plus gold are about 100 billion US dollars. If the amount of international hot money pours in is within 100 billion US dollars,

, Switzerland does not need to worry, it can handle it; if the amount of international hot money is 200 billion U.S. dollars, then Switzerland cannot handle 100 billion U.S. dollars of it. In this case, the Swiss financial system will collapse, which is almost the same as bankruptcy. To put it bluntly, it is credit bankruptcy.

Financial currency is originally a symbol of credit. Once the government's credit goes bankrupt, it will be like a robber opening a door full of treasures and plundering the treasures in the treasure house at will. At that time, Switzerland's wealth will be robbed.

The function of gold and foreign exchange reserves is the protection of the firewall. The more gold, the stronger the protection ability. In a free market economy like Switzerland, foreign exchange trading is free and depends entirely on market behavior regulation. If there is an excessive influx of international hot money,

If it enters, it will have a fatal blow. However, the good news is that the IMF has now provided special drawing rights to member countries to enhance the protective capabilities of member countries.

As an old member state, Switzerland naturally has the right to obtain special drawing rights and enhance its reserve capacity.

Of course, this SDR is linked to economic strength. The stronger the economic strength, the more SDRs you have. This is a natural situation.

Yao Yi said: "Your Majesty, based on my intuition, once our financial system is strong, the influx of international hot money will far exceed our own reserves. If I have 7,000 tons of gold now, I naturally won't worry.

But we don't have it now, so we have to be cautious. On the other hand, we just need to know it in our hearts. When there is news from the United States, we will act immediately to ensure that our financial institutions will be restored as quickly as possible."

Yao Yi said a lot. In fact, Yao Yi knew very well that even if a large amount of international hot money poured in to help Switzerland at this time, Yao Yi would not worry because he has a large amount of US dollars and tens of thousands of tons of gold.

So, he won't worry about this problem.

The reason why he politely rejected the old king was because he had some new considerations.