Reborn Xiangjiang Tycoon Growth

September 22, 1985, New York, USA, Plaza Hotel.

The Plaza Hotel was built in 1907; it is located on 59th Street in New York, USA. It faces Central Park across the street and faces General Plaza to the east. Hence the name of the Plaza Hotel.

The hotel was built in French Renaissance style, constructing a "castle"-like building on the south side of Central Park. The interior decoration of the Plaza Hotel is extremely exquisite, with more than 1,600 crystal chandeliers alone. These crystal chandeliers have complex designs.

Gorgeous, each one is a valuable work of art.

In the center of the hotel lobby is the famous "Palm Room", with palm trees contrasting with marble columns, crystal lamps refracted through layers of mirrors, and gold-inlaid silverware placed on white cloth tables. Legendary actresses such as Marilyn Monroe and Elizabeth Taylor are among the celebrities.

Everyone has been wandering here.

At this time, the conference room of the New York Plaza Hotel was experiencing the most important meeting in the nearly 80 years since its opening.

Five developed countries include U.S. Treasury Secretary James Baker, Japanese Finance Minister Noboru Takeshita, Federal German Finance Minister Gerhard Stoudenberg, French Finance Minister Pierre Berger, and British Finance Minister Nigel Lawson.

The finance ministers of industrialized countries and the governors of central banks of five countries held a meeting at the Plaza Hotel in New York.

Since 1980, the U.S. domestic economy has experienced two changes. First, the foreign trade deficit has expanded year by year, reaching as high as 160 billion U.S. dollars in 1984, accounting for 3.6% of GDP that year. Second, the government budget deficit has emerged. Under the shadow of the twin deficits

, the U.S. government will improve domestic basic

Interest rates have introduced international capital to develop the economy. The large inflow of foreign capital has caused the dollar to continue to appreciate, and the competitiveness of U.S. exports has declined, which has expanded to a foreign trade deficit crisis. Under the pressure of this economic crisis, the United States hopes to strengthen U.S. products through the depreciation of the dollar.

External competitiveness to reduce trade deficit.

In 1977, Treasury Secretary Blumesa of the Carter administration used the trade surplus between Japan and the Federal Republic of Germany as an excuse to verbally intervene in the foreign exchange market, hoping to stimulate U.S. exports and reduce the U.S. trade deficit through dollar devaluation. He

The speech caused investors to sell the dollar frantically, and the dollar was against major industries

The country's currency depreciated sharply. In early 1977, the exchange rate of the U.S. dollar against the Japanese yen was 290 yen per U.S. dollar. In the autumn of 1978, the U.S. dollar dropped to as low as 170 yen, a drop of 41.38%. In the autumn of 1978, U.S. President Carter launched a "

"Save the Dollar Package" to support the price of the dollar.

From 1979 to 1980, the world's second oil crisis broke out. The second oil crisis caused a sharp rise in energy prices in the United States, and the U.S. consumer price index rose accordingly. Severe inflation occurred in the United States, with the inflation rate exceeding double digits. For example

, depositing money in the bank at the beginning of 1980, the actual rate of return at the end of the year was -12.4%.

In the summer of 1979, Paul Volcker became chairman of the U.S. Federal Reserve. In order to control severe inflation, he raised official interest rates three times in a row and implemented a tight monetary policy. The result of this policy was a double-digit official inflation rate in the United States.

Interest rates and market interest rates, short-term real interest rates rose from an average of close to zero between 1954 and 1978 to 3% to 5% between 1980 and 1984.

High interest rates attracted a large amount of overseas capital to flow into the United States, causing the U.S. dollar to soar. From the end of 1979 to the end of 1984, the U.S. dollar exchange rate rose by nearly 60%, and the U.S. dollar's exchange rate against major industrial countries exceeded the level reached before the collapse of the Bretton Woods system.

The substantial appreciation of the U.S. dollar led to the rapid expansion of the U.S. trade deficit. By 1984, the U.S. current account deficit reached a record high of $100 billion.

If this continues, the U.S. economy will be very dangerous and may even lead to collapse. If a country with strong military strength wants to solve economic problems, launching a war may be a good choice. However, the Soviet Union is still there, and Americans do not dare to be too aggressive.

Too presumptuous. In addition, Japan and Germany are die-hard allies, and they cannot directly occupy the two regions.

As the host and the leader of the G5 Alliance, U.S. Treasury Secretary James Baker first said: "The domestic economic situation in the United States is very bad, because the dollar has greatly appreciated. This has caused heavy losses to the domestic manufacturing industry, and there is no competition at all in the international market.

Advantages.”

"Although the U.S. government advocates economic freedom and has never interfered with the operation and development of domestic enterprises. However, if the U.S. wants to maintain high military expenditures, the taxes of domestic enterprises must not be reduced."

"At present, the Soviet Union is the great enemy. Only by sharing the same hatred and overcoming difficulties together can we remain invincible in the competition."

It is said in such a grand manner, but everyone present is not a fool. The United States cannot sustain its own economy and is preparing to steal the wool of other countries. Domestic enterprises cannot compete with Japanese and German enterprises. Is it really because of the continuous increase in value of beauties?

Not necessarily, there is no problem in the United States.

Taking workers as an example, the salary of American workers is 1.2-1.5 times that of Japan and West Germany, but their working hours are only about 80% of those of workers in the two countries. You must know that these are ordinary workers, and the executives are even more outrageous. Therefore, the economy cannot develop.

, it cannot just be attributed to the appreciation of the US dollar. But no one can say this. To be precise, no one dares to say it.

If you really dare to do this, you will completely offend the Americans. As James Baker said, the Soviet Union is the enemy. They need Americans to fight polar bears and ensure their own safety. Although they leave national security to other countries

This is a very dangerous thing at hand, but there is currently no good solution.

At this time, French Finance Minister Pierre Berberg and British Finance Minister Nigel Lawson were sitting firmly on the Diaoyutai; after all, their economies were not large enough to make the Americans fear them.

In 1985, Japan replaced the United States as the world's largest creditor country, and Japanese-made products flooded the world. The crazy expansion of Japanese capital made Americans exclaim, "Japan will peacefully occupy the United States!"

Of course, because Heiyun Group has joined in this life, it is not so obvious, but the reality is similar. Japanese products are still very competitive, at least Bao Zixuan is not sure of completely beating others. Although it may not be from Heiyun Group alone.

Opponents, but together, Bao Shaofu's strength is definitely not enough.

At the same time, the Federal Republic of Germany's economic development is also very rapid. In the fields of machinery manufacturing, chemical industry, finishing, automobiles, etc., it can be said that Germany is at the forefront of the world. In addition, there is no huge military expenditure, so that all West German funds can be used

The economy is developing and life is very prosperous.

For the two countries that were defeated in World War II, their economic strength exceeds theirs. Of course, Britain and France are not willing to accept it. In addition, the two countries are feuding with Germany to describe it as a feud. Seeing the Germans being unlucky, it doesn't matter even if they suffer some losses.

Japanese Finance Minister Noboru Takeshita exchanged glances with Federal German Finance Minister Gerhard Stodenberg. It can be seen that the two had already guessed the purpose of the Americans before. But at this time, many places need to rely on the Americans, at least when facing the Soviet Union

The powerful military threat cannot be withstood without the help of Americans.

Noboru Takeshita said very seriously: "Only the United States in the world can compete with the Soviet Union, so Japan is not willing to have the U.S. economy collapse. Minister Baker can speak directly about what Japan needs to do."

Seeing that the Japanese have expressed their stance, Gerhart Stodenberg also understands that the general trend is the trend. If there is no agreement today, the Americans will never give up and may cause trouble in the future.

Gerhard Stodenberg: "What Minister Noboru Takeshita said is very reasonable. The U.S. economy must not collapse. Therefore, please explain how the Federal Republic of Germany needs to cooperate."

He had to express his position. After all, the Federal Republic of Germany needs the United States more than Japan. Although 4 years have passed since the Western-81 military exercise, the shock it brought to the Germans has not been forgotten to this day. Perhaps during World War II, at its peak,

The German tanks probably don't have that strength either.

Without the help of the Americans, West Germany relied solely on its poor military strength; let alone the confrontation with the Soviet Union, it might not even be able to defeat its fellow brother East Germany. After all, West Germany has been restricted in recent years and the size of its army is limited; weapons may

It's quite advanced, but compared to the steel torrent on the opposite side, it's not even a bit inferior in quantity.

James Baker was very satisfied when he saw the two men's statements. These two old boys were pretty good, at least they knew who was the master.

Seeing that both Japan and West Germany have expressed their stance, French Finance Minister Pierre-Bergerber said: "France will fully cooperate. At present, the Western world cannot afford the consequences of the U.S. economic collapse."

Compared with the other three countries, France can be said to be the most confident. After all, during the period of de Gaulle's administration, France was no longer a NATO country. And it can produce almost all weapons and equipment on its own. It is even a major exporter of weapons and equipment. The scale of exports at this time

, only slightly less than the United States and the Soviet Union.

Therefore, there is no need to grovel in front of the Americans, at least the courage of the Gallic Rooster is still there.

Seeing that the finance ministers of the three countries have expressed their opinions, the British will not have any objections. They are die-hard allies with the United States, and even a pair of pants would be too fat.