Rebirth 79: I opened a bank in the United States

The IBM and ROG joint press conference was held in the newly opened ROG Boston store
Under the spotlight of the media, the hands of Estrich, who has just assumed the role of vice president of IBM and is known as the father of the PC, and the hand of Yosef Berman, president of ROG Computer Manufacturing Company, are tightly held together. .
Carter, who is far away in Washington, doesn't have the energy to take care of the effect of this kind of public announcement.
Because, at such a time when I was about to graduate and was about to be awarded the official rank of second lieutenant to report to the U.S. Army, the first lively event in the U.S. political arena happened: Secretary Reagan, stepped down? !
"Ahem, that, Mr. Reagan, Mr. Baker, maybe this is just a normal adjustment? Mr. Reagan, Mr. President's contribution and friendship to you, I think you should always remember. Mr. Baker doesn't have to feel embarrassed, this "

Well, Carter can't go on.
This time, the post adjustments made by President Reagan are really embarrassing!
Secretary of the Treasury Ronald Reagan succeeded James Baker as White House chief of staff, another term for this position is White House chief of staff; and the former White House chief of staff James Baker was transferred from the Treasury Department to replace former Treasury Secretary Donald Reagan
In terms of rank, there is not much difference between the two positions.Even, the chief of staff of the White House, to some extent, this is considered a center post anyway? !No matter how you look at it, it doesn't look like a bright rise and a dark fall.
But America and China are different after all!

Reagan, who was the former president of Merrill Lynch Group, is a professional official who was born as a serious financial practitioner.The development of this kind of official in the United States has never been limited to the federal government. When President Reagan changes, if he does not want to retire, he can use his past experience to enter Goldman Sachs, Roman Brothers and other major investment banks. There is no problem at all!

But now, a senior professional official with a professional counterpart was suddenly removed from his professional position.Even if you don't care about the impact on your personal future if you replace the job with a layman who was born as a lawyer, this person can't be killed, can't you be humiliated? !
Whether it is the president of Merrill Lynch Group or the Secretary of the Treasury of the United States, this is the pinnacle of life, okay? !People who have achieved financial freedom a long time ago may only pursue the value of life
This kind of job adjustment is like a big competition: "You fw, you are not even as good as a layman!"

"Mr. President, I still believe it. How many years of friendship, but Mr. Baker, you don't need to hide this from me. It should be the old witch Nancy behind this, right?!"

"This is not just the "Prospects and Guidelines for the Internationalization of the Yen" and "The Outlook and Guidelines for the Opening of Financial and Capital Markets". Although Japan has apparently agreed to include the liberalization of the Japanese market; allowing foreign financial institutions to enter Japan; Enterprises have directly invested in Japan, but none of them have been implemented! You are an old finance minister, and you should be more aware than me that the economy has stagnated or even regressed in recent years, and there is a big hole in taxation. To develop, you must cut taxes and expand invest"

"Fiscal deficits are getting bigger and bigger. In the era of high interest rates in the past, U.S. debt can still be used for financing. But these financings all come at a price, don't they?! The increasing scale of debt is now the most embarrassing thing for Mr. President A headache. If the federal government wants to make money, it must let American companies make money. Now, what is easier for American companies to make money than taking Japan?!"

James Baker's face was also a little embarrassing. Although he was not from the same faction, he had worked with him for a long time anyway.There are also some connections and feelings between each other
If possible, Baker does not want some words to come from Secretary Reagan.
"So, you want to say that the White House can't wait anymore?!"

"Last year's fiscal deficit has reached a record 1000 billion U.S. dollars. Do you think the White House can remain patient? It is not easy to be calm now!"

In the vice president's mansion belonging to Lao Bu, Carter and Lao Bu acted as intermediaries and did not intervene too much. They just quietly listened to the communication between the old and new finance ministers and bridged the gap
"It's not that we deny your credit, it's just that under the current circumstances, we need to be faster. I know that you believe that as long as the marketization and liberalization of Japan's financial system are promoted, the appreciation of the yen will definitely be brought about. I I also recognize the self-regulation mechanism of the market, but you and I both understand that it takes time for the market to adjust spontaneously! And what we lack the most is time!"

"So, what are you going to do?!"

"The most direct way is to interfere with the exchange rate!"

"You are turning back the wheel of history! While we are talking about liberalizing the market, we are artificially interfering with the free market. By doing this, where is the prestige of the United States?!"

"If you don't do this, where will you put the economic development?!"

Looking at the two finance ministers who stared at the field, Carter continued to maintain a posture of sitting and watching.

Is the double-standard problem raised by Secretary Reagan a problem for the United States? !

Even if you don't mention your position, just use your instinctive judgment as a businessman, why should you care about face when you solve the problem?Whatever method is easy to use and can solve the problem, use whatever method!

From this point of view, Carter suddenly felt that James Baker seemed more suitable to be the Secretary of the Treasury in this special season than Secretary Reagan!This one is clearly a pragmatist!
"I'm going to Europe the day after tomorrow. Now the yen issue. With the foundation laid by Mr. Reagan, it is difficult to change in a short period of time. I plan to adjust our understanding of the dollar now! Moreover, with this year's budget Looking at it, I am afraid that the deficit will continue to expand. This situation is no longer the same as in Japan, and the appreciation of the yen can change the deficit.”

"This is destined to be a multilateral issue, and the core of the issue is to restore the competitiveness of American companies, isn't it? Whether it is the federal investment in technology or what I am about to do, we all have a common goal! The rest Instead of spending all our energy on Japan, why don’t we lower the value of the U.S. dollar for the time being, help the United States get orders first, and solve the domestic unemployment problem before we talk about it!”

"Are you going to Germany?!"

Breaking the status of a strong US dollar, this news made the faces of several people present dignified instantly.

As mentioned earlier, what does a strong dollar mean to the United States.
Combined with future information. The United States has always been that even if a major Wall Street investment bank goes bankrupt, the United States can accept it.Only, the status of a strong dollar cannot be challenged!The leading position of the international settlement currency cannot be challenged!
As a result, at this time, Baker, the new finance minister, said as soon as he came up: We will devalue the dollar.
It has to be said that it is something that challenges people's traditional American values!
But in this changing situation, Carter just glanced at Old Bu quietly, and when he saw that Old Bu didn't speak, Carter didn't open his mouth either.
"No, I'll go to England first and meet Mr. Nigel Lawson. The U.K. reserves the least amount of U.S. foreign exchange. After all, the pound is also very strong! Relatively speaking, the U.K. needs to sell the least amount of U.S. dollars. Relative resistance should also Smallest!"

"Eat the bones, of course you have to eat the meat first! Germany and Japan, these two bones, stay for the last!"