The Son of Finance of the Great Age

  Chapter 833 targets the United States

   "Tell me, Mr. Zhong, where is the goal this time?"

On the plane, Paulson scratched his head and scratched his cheeks all the way, and finally couldn't help the curiosity in his heart. He touched Zhong Shi and whispered, "Not only Barrick, but also Anglo South Africa, you should have made arrangements. Bar?"

   "I really didn't expect that your layout would be so far-reaching. You must have anticipated today when you went to South Africa with me."

   Without waiting for Zhong Shi to answer, Paulson went on to say with emotion, "Would you have participated in attacking the European debt crisis without our participation?"

   "We've already discussed this issue!"

Zhong Shi waved his hand and replied casually, "In the post-financial crisis era, the evil consequences will inevitably continue to ferment, and some problems that were not noticed before will inevitably come to the fore. This is the root cause of today's European debt crisis. You should see Japan , the debt ratio is the highest in the world, exceeding 150% of GDP, but why others are safe, this is the reason.”

   "High debt is not suitable for every country!" Finally he said with emotion.

  In fact, before the Greek debt crisis broke out, there were two countries in the world with higher debt ratios, one was the United States, and the other was Japan.

  The United States owns the world currency, the dollar, so its liabilities are not a problem. Japan, whose currency is not so strong, has the highest debt ratio in the world, but has not been besieged by speculative capital, which is very intriguing.

  Because of long-term deflation, the Japanese government does not hesitate to use low interest rates and expansionary fiscal policies for a long time in order to stimulate the economy. The consequence of these two is that the debt scale of the Japanese government has increased sharply, and it is now approaching 200% of GDP, which can be said to be the largest in the world.

But the problem is that most of these debts are in the hands of the Bank of Japan and the Japanese people. They have superstitious trust in the government. Although foreign institutions also hold some Japanese government bonds, they are not enough to shake the stability of Japanese bonds in the market. status, so even if speculative institutions salivate on the Japanese market, they can only do nothing.

  The most important thing is that Japan, like the United States, also has an independent monetary policy. Although it can only be used at critical times, it is undoubtedly the sword of Damocles hanging over the head of bond speculators.

   "Japan..."

After Paulson heard this word, he pondered for a long time, finally heaved a long sigh, and said regretfully, "This country is a bit strange, and the loyalty of the people is very high. Although they have experienced deflation for so many years, they still have enough trust in the government. Confidence, which those of us cannot comprehend."

   "So you should now know where we're going next?"

  Zhong Shi smiled slightly, patted the other party's shoulder, and said meaningfully, "Since Japan cannot be shaken, then we only have another goal!"

   "Another target?"

  Paulsen's emotional expression froze for a moment, and it took him a while to recall, his face gradually became dignified, "What you said is... what you said..."

  He couldn't believe the conclusion he had speculated, and stammered to get Zhong Shi's own confirmation.

   "Yes, it is America!"

  Zhong Shi looked at him with piercing eyes, and said word by word, "If you still want to promote the rise of gold, you can only attack the United States. This is a great opportunity for us to get out of the gold market!"

   "What? Are you crazy?"

"This is impossible!"

   "God, this is horrible, do you know what you're doing?"

   "This is absolutely impossible!"

  When Zhong Shi said this idea again, the small group immediately exploded. Ackerman, Griffin, Bill Gross and even Delio expressed disbelief. Only Jim Chanos remained silent.

   "If we turn against the US government, think about what will happen?"

Griffin stood up excitedly, and kept muttering, "SEC, tax bureau, FBI, district attorney's office, these agencies will come and harass you repeatedly, making the chickens and dogs restless, and everyone will not do things with peace of mind. It's going to be taken away. It's absolutely going to happen, it's going to happen, I swear by God it's going to happen."

"right!"

  Ackerman also echoed, "This is by no means alarmist talk. They have many methods to deal with us. And what I don't understand is that we are now in a honeymoon relationship with the government. Why do we suddenly do such a thing now?"

   "This time your consideration is really inappropriate!"

After the two men finished speaking, Delio finally spoke, "Now the U.S. government is our biggest backer. If we really want to tear up this layer of relationship, as the two of them said, we will not only face a huge risk, and face the fate of being double liquidated by Europe and the government.”

  Everyone was chattering, only Jim Chanos remained silent. Bill Gross, on the other hand, just objected, and there was no more to say, and he didn't know what he was thinking.

   "So, gentlemen, you all oppose this resolution, don't you?"

After glancing at everyone coldly, Zhong Shi finally said, "But gentlemen, I think you may have misunderstood. This time I am not planning to sever relations with the US government, but to increase the stakes in the current cooperative relationship. , let us have more weight."

   "As for saying that I want to challenge the U.S. government, that's purely courting death. I haven't planned to sacrifice my head yet!"

  He suddenly smiled and made a joke without losing the opportunity, which immediately diluted the heavy atmosphere a lot, and many people showed smiles on their faces.

   "What the **** is that?"

Ever since he learned the news on the plane, Paulson was so shocked that he couldn't speak. Only now did he finally ask, "If we want to strengthen our own leverage without offending the government, what should we do?" Do?"

   "Gentlemen, do you still remember our conversation half a year ago?"

Zhong Shi didn't answer immediately, but instead brought up another matter, "We once said that in order to get rid of the situation where everyone shouted at hedge funds, we must do something. Now the time has appeared, at least I think so .Maybe we can’t change the status quo of the entire U.S. hedge fund industry, but we can at least improve our situation.”

   "So that's what you meant when you said that!"

  It wasn't until this time that everyone suddenly realized, and Delio shook his head again and again, "The foreshadowing has been laid long ago. The ridiculous thing is that I didn't understand it at the beginning, and I didn't understand it until now. Your layout is really high!"

   There was a conversation among the crowd after the attack on Ireland ended in December last year, when Clockstone expressed dissatisfaction that the hedge fund industry was often blamed, which struck a chord with others. But at that time, they were only expressing dissatisfaction based on their own situation. Who would have thought that Zhongshi would come up with a countermeasure today, and this strategy would directly target the US government, which they did not expect.

  Thinking of their impassionedness back then, the faces of a few people turned red, and they were speechless.

   "Gentlemen, this is how it works!"

Zhong Shi waved his hand, stopped everyone's flattery, and then explained, "We just need to show our muscles properly and tell the government that we are not puppets to be manipulated by others, so that they can't be like throwing away garbage when necessary Kick us away, that's enough."

"According to the data I have collected, the recovery of the U.S. economy has shown a clear slowdown in the past two months, and it should experience a trough between June and August. There are many reasons for this, not one by one. Narrated. This is a very important opportunity, and the US dollar will go down because of this. In Europe, because of the uncertain debt prospects of Spain, Italy and other countries, the exchange rate of the US dollar may be strengthened in the short term, but it will definitely not be too strong, because The European economy is also depressed, and the possibility of them implementing QE is not even ruled out in the future.”

"Under such circumstances, the best safe haven for global capital is not in other places, but in the commodity market. Of course, it cannot be commodities such as copper and iron that are affected by supply and demand, but gold, silver, etc. On such a value-preserving metal, that’s why I laid out in the gold market early.”

   "In addition, we have a huge opportunity!"

  Bill Gross finally spoke, and as soon as he spoke, he attracted everyone's attention. After seeing Zhong Shi nodded slightly, he continued, "I believe everyone has overlooked that the United States also has a debt crisis problem!"

"what?"

   "Are you kidding me?"

   "How do we not know that the United States has a debt crisis?"

  As soon as this remark came out, the crowd suddenly became noisy again. There is no other reason, this statement is too scary.

   For a long time, everyone has set their sights on Europe on the other side of the ocean, but now Bill Gross pointed out a fire in his backyard, which made it difficult for everyone to accept for a while.

   "This is not a joke, but a fact!"

  Bill Gross' face sank, and he said displeasedly, "The issue of the U.S. debt ceiling has been pending. This is our biggest problem."

  As soon as the issue of the debt ceiling was mentioned, everyone suddenly realized and fell into deep thought.

   For a long time, the US government has had a debt problem, which is inevitable in any country. But the U.S. government, like its people, also has the habit of spending ahead of time, which makes their debts bigger and bigger. Each government has been accumulating, and it has reached a very high level.

  The U.S. government has a clear understanding of this, but the problem is that if it wants to boost the economy, it is inevitable to borrow at some point. The government's income is nothing more than taxation, which is the biggest guarantee for debt repayment. However, if the tax rate is raised in order to repay debts, it is undoubtedly drinking poison to quench thirst and fishing in a dry lake. Therefore, it is simply not feasible to gradually reduce debt by raising tax rates.

   Open source is not good, so it can only save money. Because in the face of the increasingly large scale of debt, even the US government has become unbearable. In this case, Democrats and Republicans have to sit down and negotiate the total size of the debt. On the one hand, there is the need to stimulate the economy and spending, and on the other hand, there is increasing pressure on debt repayment. Both parties need to find a balance point.

   This balance point is the ceiling on total debt.

  Although it was not until August that they began to formally express their views, Democrats and Republican congressmen have already started blowing out their views on the debt issue. In fact, as of May 16, the last revision of the US debt ceiling has come to an end.

  In addition, this time the bipartisan negotiations on the debt ceiling also included another very important reason, namely the US general election coming next year. For next year's general election, the two major political parties in the United States have begun to compete fiercely, and the debt ceiling is a very important issue. They can use this matter to maximize the popularity of the people.

  Zhong Shi saw this, so he boldly proposed such a strategy.

"good!"

After glancing at Bill Gross approvingly, Zhong Shi continued to add, "Even if we offend the current government, it doesn't matter, we can completely bet on the next government. Of course, this is only an extreme situation. In fact, we The best strategy is to not offend both sides, please both sides, and maximize our interests as much as possible!"

   Thanks to the book friend xxxxxxjj, who is over half a hundred and 50 years old, I am a little dust, and Shen Zixuan voted for the monthly ticket! Thank you for supporting this book so much. I saw hope again this month. I sincerely hope to get the support of more book friends. The author expresses his gratitude~

  (end of this chapter)