Siheyuan: The Ambition of Sanzang

Chapter 205 161. Exchange Rate Issues
Sanzang was driving slowly, and suddenly remembered something. He raised his left hand and looked at his watch. It was still early, so he turned a corner and drove towards Boss Duan's house.

Sanzang parked his car outside the yard of Boss Duan's house. Seeing his car parked in the yard, he felt relieved that he didn't make the trip in vain.

Sanzang straightened his slightly wrinkled clothes, looked in the rearview mirror, made sure that there was no dirt on his face, and then walked slowly towards his house, at the same time thinking about the manuscript.

When he walked to the door, he heard a voice coming from inside, and frowned. There was a visitor at his house, and it was not easy to handle it all at once.

Sanzang stood at the door hesitatingly, when he suddenly heard the door knocking and saw Secretary Chen coming out, he was overjoyed, "Brother Chen!"

"Brother Sanzang! You are here to find the big boss, why don't you go in?"

"Is there any guest at the big boss's house? I heard it's very lively!"

"No! It's sister Zhen's family."

"That's good, I thought it was another guest."

"Do you want me to go in and inform you?"

"It doesn't matter, you are busy with your work."

"Okay, I'll go to the kitchen now."

Sanzang pushed the door open and went in. Boss Duan was talking to his daughter, and stood still.

It was Duan Yizhen who first spotted him by turning her head, "Huh? You are here to look for my dad. Come in!"

"Hey! Hello big boss! Hello sister!"

"I heard that you have made a lot of money recently, and all the cars are on the road, which is better than my own car." Boss Duan teased casually.

"This is definitely a rumor. It was bought by Mr. Lou, and he lent it to me when he was not in Yandu." Sanzang gave Duan Yizhen a dissatisfied look.

"Hehe!" Boss Duan gave me the expression of quietly watching you lie.

"Okay! Believe it or not. Boss, I recently discovered a very strange thing, and I want to ask you for advice. What's going on?"

"Oh? Come, come, sit here! Tell me about it in detail." Boss Duan pointed to the sofa on the left, motioning for his daughter Duan Yizhen to give up her seat.

"Come on, third brother! Sit here, sister, I'll listen too." Duan Yizhen quickly stood up.

Sanzang did not pretend to be polite, sat down generously, took out a small notebook from his pocket,
Glancing at Duan Yizhen who was sitting next to her, "Sister, why don't you take some paper and notes as well."

"No, I'll write it down." At this moment, Secretary Chen walked in and took out a notebook and a pen.

"Well, I recently discovered a very evil thing. You probably know that the current exchange rate of Japanese yen to national currency is 1 yen to 701 yuan.
The exchange rate of Japanese yen to US dollar is 242.1 Japanese yen to 1 US dollar, and the exchange rate of US dollar to national currency is 1 US dollar to 1.92 Chinese yuan. "

"It's normal, it's nothing evil!" Duan Yizhen looked puzzled.

Boss Duan also nodded.

"Then now is the time to witness the evil door. Brother Chen, do you calculate how much 1 yen can be converted into US dollars."

"Well, wait a minute, that's $41.3 when rounded."

"Then how much is it to continue to convert into national currency?"

"Well, if rounded up, it is 79.3 national currency. Huh?"

"Brother Chen, how are you? Isn't it very wicked."

"Strange, where did the money go?" Secretary Chen looked at the notebook in his hand and scratched his head.

"Xiao Chen, is there something wrong?" Boss Duan looked at Secretary Chen's puzzled look, but didn't react for a while.

"Dad! Let me tell you that if 1 yen is directly converted into national currency, it is 701 yuan, but if it is first converted into US dollars and then converted into national currency, it becomes 79.3 yuan. The gap between them is too big.

Theoretically, such a gap should not be too big.Third brother, good eyesight!If you have discovered this problem, then tell me what is wrong now. "

Boss Duan also came to his senses at this time, he was puzzled and looked at Sanzang with piercing eyes, waiting for his explanation.

"This exchange rate issue is actually very complicated and cannot be explained clearly in a few words.

Let's take this as an arithmetic problem, let's study how to use the simplest method to achieve a balance between them? "

"Oh?" Boss Duan also showed great interest, "Then each of you can talk about the simple solution. Um... Zhenzhen, you come first."

"The easiest way is to let the dollar depreciate against the yen."

"Well, it seems possible!" Boss Duan nodded, "Xiao Chen, what's your solution?"

"My approach is similar to Miss Zhen's, which is to let the yen appreciate against the dollar."

"Well, it's also possible! Xiao Huang, can you tell me about your method?"

"My method is a two-pronged approach. Sister Zhen's and Brother Chen's methods are used at the same time."

"Haha, you're the only one who is opportunistic, I'm afraid it won't work!" Boss Duan shook his head.

"It will definitely work, even if it doesn't work!" Sanzang said seriously.

"Oh? Tell me, why?" Boss Duan looked at Sanzang's performance.

"First of all, the U.S. dollar has been depreciating since the war, so I don't need to say anything."

Boss Duan nodded.

"You know that I have been to Dongwa twice recently, and I feel that it can make people jump. Dongwa is now a highly developed modern country.

It is now the second largest economic power in the world, and it is also the largest creditor country of the United States.

Beginning in 1957, textile trade wars, steel trade wars, and color TV trade wars broke out successively between East Japan and the United States, all of which ended with East Japan voluntarily admitting defeat.

From 1979 to the present, the most intense automobile trade war has begun.This shows what? "

"It shows that the manufacturing industry in the United States is not as powerful as imagined. Dongwa is a domestic slave of the United States. It can't win against its master, because the master can play rogue." Duan Yizhen is extremely smart, and he said it right.

"That's right, I think the car war against Japan will definitely lose. But these measures can't solve the huge trade deficit that the United States has with Japan and the huge foreign debt it owes to Japan.

The United States is the leader of the Western world. Its food should not be too ugly, and it cannot directly kill Dongwa and refuse to pay back its debts. Moreover, it will use Dongwa to contain Luguo and us.

Then using exchange rate intervention is the best way, it will force the yen to appreciate and the dollar to depreciate.

In this way, firstly, its foreign debts will be automatically reduced, and secondly, the cost of Dongwa's products will be increased, reducing the competitiveness of its products. "

"Will Dongwa agree to such a traumatic thing?" Duan Yizhen expressed doubts.

"Tokyo will definitely agree. Although this will damage its core competitiveness, it will also improve its overseas purchasing power in a disguised form.

It will definitely buy and buy overseas, buy mines, oil fields, ports, art... Overseas investment and so on.

This is also a disguised form of the United States buying the Japanese government and consortium. "

"Hey! The game between these big countries seems to be of no use to us people! It can only be used as a topic of conversation." Secretary Chen shook his head.

"That's right, I'm also whimsical, I just thought that if I can borrow a large amount of Japanese yen now, if the US dollar is used as the measurement standard, I will pay back Japanese yen.
Then you don’t have to do anything, you will have double benefits, how comfortable it is to be able to make money lying down! " Sanzang took the rebuttal and said meaningfully.

"That's true, but who would lend it to you so kindly? Even if someone lends it to you, you have to be careful.
If you are required to repay in US dollars at that time, it will be a double loss. "Secretary Chen felt that Sanzang was really whimsical, so he echoed.

"That's right! Brother Chen, you're more thoughtful." Sanzang nodded, raised his watch and looked at it.
"Oh! It's not too late to talk, suddenly it's past 5 o'clock, I have to go home for dinner! Boss, I have to leave!"

"Oh, what are you doing when you go back? Let's talk for a while after dinner."

"No, big boss, let's do it another day. I have something to do when I go home today."

"I see, that's fine, let's go back! Go back! Zhenzhen, go see Xiao Huang off!"

"Eh!"

Boss Duan waited for Sanzang and his daughter to go out, stood up quickly, and said to Secretary Chen:
"Go find Xiao Huang's "The Story of Currency" and bring it to my study. I want to read it now!"

"Eh!"

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(End of this chapter)