American Ranch

Chapter 489 Balance Capacity
San Francisco Bay Area, Oakland International Airport.

After getting off the plane, Chen Mo separated from Chen Chen and took Cohen straight to Wells Fargo Bank in San Francisco...

Chen Mo purchased a 33-year fixed-term financial management of US$3 billion at Wells Fargo Bank, and it has been two years since the calculation.

Wells Fargo Bank originally accepted this money because of the financial crisis, and the aftermath of the financial crisis is still there, but the economy is recovering...Chen Mo and Cohen came here to discuss the unfreezing of the money, and it just so happens that it is tax filing season...

33 billion, with an annual interest of 5%.

It will take more than a year for this money to be officially unfrozen. If it is unfrozen in advance, the bank will definitely charge some fees...

After staying in San Francisco for four days, Chen Mo raised money from Wells Fargo and deposited 33 billion. Because the contract was terminated in advance, Chen Mo only got 31.5 billion, and then paid taxes in the name of the company. The final money was 25.2 billion. Dollar.

The interest paid by the bank to Chen Mo is paid on a daily basis. From the previous 33 billion, Chen Mo has already received a total of 1.66 million US dollars.

The main purpose of putting this money into the bank is to avoid taxes.The money has been invested for more than a year, and it has already reached the threshold of tax avoidance...

On the plane back to China, Chen Mo counted his bank accounts, and there were a total of 26.88 billion US dollars, 1.95 million yuan.In addition, the money in the company account is not counted...

"Boss, are you so pessimistic about the U.S. dollar?" Cohen looked out of the window, asked after taking a sip of his wine.

"It's not that I'm not optimistic about the U.S. dollar, it's that Ellie is not optimistic about the U.S. dollar... The current debt in the United States is too high. Of course, the U.S. economy is still very good and strong, but the income of the U.S. government has not increased much..."

"Well..." Cohen nodded: "Are you going to hold RMB, or are you going to enter the foreign exchange market."

"I'm not interested in speculating anymore. Take this money back to build a breeding company. The current production capacity of Yunshan Ranch is overcapacitated, and the current Yunshan District can't consume the current pasture output." Chen Mo cut a root for Cohen. He also cut a cigar himself and lit it: "The market in China is too big, even if it's just raising pigs, maybe...you can become the richest man in the world."

Cohen smiled: "Boss, you haven't said why you are not optimistic about the dollar."

"The United States is not the only country that supports the value of the dollar," Chen Mo said.

Cohen froze for a moment, closed his eyes and thought for a long time...

"That means, the financial crisis is not over yet?" Cohen said, taking a deep breath.

"Maybe. The financial crisis is inevitable, and it may happen again at any time... The next financial crisis may be five years later, ten years later, who knows."

The United States is pursuing unilateral tradeism, and it has offended many countries.But America is too powerful...

The U.S. dollar has the attributes of a world currency, but it is not supported by the economic size of the United States alone... This is very complicated, and it is not clear in a few words.

The U.S. economy is very strong, but in recent years, it cannot be said that the economy is declining, but its foreign policy has made many countries hate it.Every country likes its own country... There is nothing wrong with that, but the means used...

Now it's not just domestic, many countries in the world are saying... Americans destroy the world, and Chinese build the world.

In fact, looking at it from another angle, everything is nothing more than 'money'.

The U.S. dollar has always dominated the world's currency attributes, and China's contribution is very large.In the past, the renminbi was pegged to the U.S. dollar... The decoupling of the renminbi from the U.S. dollar has only happened in recent years.Today, there are three major currencies in the world, the US dollar, the euro, and the renminbi...

The dollar is the biggest, the euro is the second, and the renminbi is the third.

Internationally, the euro is more liquid than the renminbi.But there is one thing that many people may not be aware of. The circulation capacity of the RMB is not as good as that of the Euro, but the economic volumes of the RMB zone and the Euro zone are similar.

The total GDP of the Eurozone is about the same as that of China, and only slightly more than half that of the United States.The U.S. dollar has always been strong. Even the financial crisis that broke out the year before last, the U.S. dollar did not seem to be affected. In contrast, the euro and the renminbi have all depreciated against the U.S. dollar.The US dollar is strong, in addition to being a world currency, it is also indispensable that the RMB has been staring at the US dollar...

China's exports rank first in the world, and most of its exports are settled in US dollars rather than other currencies.

Renminbi is the third child, and has always supported the boss overwhelmingly, and without reservation and condition, the position of the boss is of course stable.

But now that the trade friction has been going on for many years, the United States has always wanted to contain China's development, and it has no reservations, no conditions, and no Bilian... The current third child will no longer continue to support the boss as before...

Moreover, the development of the third child, in terms of economic volume alone, will surpass the second child sooner or later.The second child is still facing many problems... As the third child, he must have his own ideas, right?

In the current Belt and Road Initiative, there are many projects and contracts, and they are settled in RMB...China is the largest exporter and manufacturing country, so it is completely feasible to settle in RMB.

As long as the renminbi can be used as an international currency, Chen Mo feels that there is really no need to hold too many dollars.Besides, now, the ratio of US dollars to RMB is 1. It is very profitable to exchange for RMB...and it is easier to earn RMB than US dollars.

"Will the dollar go down?" Cohen asked again.

"I'm not a financial expert. How do I know if the value is depreciating or rising... However, in the past two years, except for housing prices in some areas in China, other prices have not risen very much. But in the United States, after the start of unilateral trade, American households' The average support has increased by almost 20.00% compared to the past.” Chen Mo puffed out his cigarette and smiled: “Actually, no matter what, the RMB exchange rate rises or falls, as long as the domestic prices remain unchanged, we can exchange US dollars for RMB at the current exchange rate. If it is used to invest in Chinese industries, it is not a loss...I personally think it is not a loss."

Talking about some irrelevant topics on the plane...

Chen Mo withdrew the money from the bank in advance in order to spend the money as soon as possible to balance the production capacity of Yunshan Ranch... that's all.

"When Yunshan District is on the right track, I plan to set up an investment company, and all the companies and company shares under my name will be included in the name of the investment company. How about you being the CEO of this company?" Chen Mo got up and poured a glass of red wine for Cohen , asked.

"Okay." Cohen nodded.

"So it's settled, drink one." Chen Mo picked up the wine glass...

Cohen thought for a while, was stunned for a moment, and quickly bumped into Chen Mo...

Chen Mo's industry is developing too fast, and he continues to integrate resources.And this task seems simple, but it is not so simple...

(End of this chapter)