reborn in the fiery age

Sun Zujie smiled and nodded, "Uesugi-kun, your vision is admirable!"

Uesugi raised his cup again, touched Sun Zujie, and said firmly, "I intend to organize a team of young people and let them participate in your country's Go league. Sun Jun, what do you think?"

Sun Zujie was a little surprised. Uesugi’s actions meant that Wa’s Go world was already in a hollow situation. Otherwise, the proud Uesugi would not have chosen this way, so he nodded, “I believe Hua’s Go world will definitely welcome it. The Japanese Chess Team is here!"

Uesugi shook his head and sighed, "If I had other options, I wouldn't choose this way. The Japanese Go has fallen behind, but some people still haven't woken up."

The Japanese sent people to China to learn chess. When such an explosive news spread to the country, there was an immediate uproar. Countless people said seven words deep in their hearts. If the country is prosperous, Go will prosper.

The development history of Go in China and Japan is a true portrayal of this sentence in a sense.From the 50s to the 80s, the Go of the Wa Kingdom was extremely powerful, behind which was the rapid rise of the Wa Kingdom. The people of the Wa Kingdom quickly swept away the haze of war and became the second economic power in the world.And the Japanese Go's gradual fall behind these years seems to be the process of the Wa country's national fortune starting to decline...

From the 90s to the beginning of the century, the rapid rise of Weiqi in the Southern Dynasties was also behind the rapid development of the Southern Dynasties. In just over 20 years, the Southern Dynasties became an emerging developed country.

In the same way, the development of Huaguo Go in recent years has also verified this sentence. In the late 50s, an old lady in her 50s in Waguo could sweep the entire Huaguo chess world; But Huaguo Go is still very far behind. After all, there is only one magical Sun Zujie...

Then it crawled step by step, and today Huaguo Go has surpassed Waguo, and behind all this is the process of Huaguo overcoming obstacles, from nothing, to becoming the world's third largest economy.

As a witness, participant and decision-maker of Huaguo for more than 40 years, Sun Zujie also has a lot of emotion in his heart, and of course it is more of a gradually rising pride.

In fact, in the past two years, not only the Internet, but even the central area, there are more and more voices discussing the rise of Huaguo. Italy, France, Britain, Germany, and several countries that used to be unattainable have been gradually replaced by Huaguo. beyond.The country of Hua is not far from the country of Wa, and the next one may be the US emperor.

Huaguo is about to rise, and the rise of Huaguo that countless people have been looking forward to for decades may be about to come true.But what should be done after the rise, countless people are very confused, so an old book became popular again with the broadcast of a documentary.Countless people started to read the book The Rise of Great Powers again, trying to find the future development path of China from the development of other countries.

In the sound of such upsurge, the achievements of Huaguo's development over the past few years have been displayed one by one. The Qinghai-Tibet Railway has been fully opened to traffic, the Three Gorges Hydropower has been fully completed and water storage has begun; , E-surfing Electronics Vphone 909 debuted and began to be sold externally.

Throughout the first half of 2006, what Sun Zujie saw was good news one after another. Countless people were full of joy for the development of the country, but behind the great joy, some haze began to emerge slowly.

From the end of 05 to the first half of 06, the U.S. government raised interest rates continuously, and the U.S. subprime mortgage crisis has shown signs, so Sun Zujie thinks it is necessary to give an early warning to the central government.

Over the past few years, the conscience company of the United States has tried its best to let the poor live a rich middle-class life. At that time, advertisements appeared on TV, in newspapers, on the streets, or filled your mailbox with temptations. People's Flyers:

"Do you want to live a middle-class life? Buy a house!"

"Is the savings not enough? Take a loan!"

"No income? Find an investment company!"

"Can't afford the first payment? We offer zero down payment!"

"Worried about the interest rate being too high? We offer a great rate of 3% for the first two years!"

"Still can't pay every month? It doesn't matter, you only need to pay interest for the first 24 months, and the principal of the loan can be paid after two years! Think about it, after two years you must have found a job or been promoted to a manager , I’m afraid I won’t be able to pay for it then!”

"Worried that you still can't afford it after two years? Oh, you are really too careful. Look at how much the current house has increased compared to two years ago. When the time comes, you can sell it to someone else. Not only will you live in vain for two years, but you may also earn money." A fortune! Besides, I don’t need you to pay, I believe you will do it, so I dare to borrow, but you don’t dare to borrow?”

Under such temptation, countless American citizens chose to buy houses with loans without hesitation. **The company has achieved amazing results in just a few months, but the money has been loaned out, can it be recovered?

The United States is not a country of China. The United States is a highly developed capitalist country. The real estate market in this country has gone from prosperity to collapse, and from collapse to prosperity more than once.

Therefore, it is impossible for these companies that issue loans not to know that the real estate market is also risky, so it seems that this profit cannot be monopolized, and it is necessary to find a partner to share the risk.So they found the leading big brother in the financial circles of the United States -- the investment bank.

These guys are big brothers with big names (Merrill, Goodman, Morgan), what do they do every day?Even if I was full, I was idle, so I called in Nobel economists, Harvard professors, financial engineers, and used the latest economic data models. After some financial alchemy, I came up with several analysis reports. .

Then evaluate whether a certain stock is worth buying. There is already a bubble in the stock market of a certain country. This group of big brothers who are in charge of the risk assessment market, do you think they see any risks in it?

Just kidding, the risk is visible with your feet!But there are profits, so why hesitate, take over!So economists, financial engineers, and university professors use data models and random simulations to evaluate, repackage, and come up with a new product called CDO, which is a collateralized debt bond. To put it bluntly, it is a bond. , allowing the bondholders to share the risk of the housing loan.

Just selling like this, the risk is too high and no one will buy it. Assuming that the original bond risk rating is 6, which is medium to high, it is not easy to sell, but it doesn't matter, investment banks are very good at splitting.They divide the CDO into two parts: senior CDO and ordinary CDO. When a debt crisis occurs, the senior CDO has the priority to pay compensation.

In this way, the risk levels of the two parts become 4 and 8 respectively, and the total risk remains unchanged, but the former belongs to low- and medium-risk bonds. Relying on the big tricks of investment banks, they continue to hold seminars in high-end hotels and send beautifully crafted PPT and EXCEL The form, of course sold a full house!

But what about the remaining high-risk bonds with a risk rating of 8?So the investment bank found a hedge fund, and who is the hedge fund? It is the role of buying short and selling long in the world's financial circles and calling the wind and rain. It is a life of licking blood. This risk is trivial!

Relying on their connections, these safe-haven funds borrowed money from banks with the lowest interest rates in the world, and then bought these ordinary CDO bonds in large quantities. Before 2006, the Bank of Japan’s loan interest rate was only 1.5%; %, so the spread hedge funds alone are making a lot of money.

In this way, a wonderful thing happened. In the first five years of the new century, the US real estate market soared all the way, and more than doubled in just a few years. There will never be a problem of not being able to pay back the housing loan. Even if you have no money to pay back, you can still make a lot of money by selling the house.

The result is that everyone from people who borrow money to buy houses, to ** companies, to major investment banks, to various general banks, to hedge funds, everyone makes money. It is almost the same as the real estate market in Huaguo in the past 20 years. All made a fortune.

But the investment banks were not too happy!At the beginning, I thought ordinary CDOs were too risky, so I threw them to hedge funds. I didn’t expect these guys to earn more than myself, and their net worth rose desperately. The insurance fund plans to get a share of the action.

It's as if a certain nerd had put moldy food in his house for three days, happened to see that annoying little flowery dog ​​next door, and planned to poison it, but he didn't expect that the little flowery dog ​​was not only fine, but grew stronger after eating it.

Now the otaku is dumbfounded. Could it be that moldy food is more nutritious?So I started eating too!This time, the hedge fund is very happy again, who are they, of course they want to take the sought-after CDO and make a big deal!

So they mortgaged the CDO bonds in their hands to the bank in exchange for 10 times the loan to operate other financial products, and then continued to chase investment banks to buy ordinary CDOs, "Hehe, we signed an agreement at the beginning, and these ordinary CDOs belong to us. of!"

Investment banks are really upset. In addition to continuing to buy hedge funds and sell ordinary CDOs to hedge funds, they have come up with a new product called CDS credit default swap;

Don’t ordinary investors think that the original CDO is risky, so I’ll get insurance. I will take part of the money from the CDO as insurance premium every year and give it to the insurance company for nothing. But if there is any risk in the future, everyone will bear it together.

The American Emperor Insurance Company, represented by AIG, thinks it is good. CDOs are making so much money now, and they don’t need to spend a penny to share the profits. Isn’t this giving us free money every year!

The hedge fund thought, it’s okay, it has been making money for a few years, and the risk is getting bigger and bigger in the future. Just divide a part of the profit, and the insurance company will bear half of the risk!So everyone was happy again, and CDS became popular!

But the story is not over yet, because the extremely smart Wall Streeters have come up with innovative products based on CDS!Find more general investors to bear it together. Let's assume that CDS has brought us 50 billion yuan in revenue. Now I issue a new fund, which is dedicated to investing in CDS.

Obviously, the risk of this fund based on the previous series of products is very high, but I put the 50 billion yuan I have earned before as a deposit. After the 50 billion yuan is lost, your investment principal will start to lose. Before that, you can redeem it in advance. The initial fundraising scale is 50 billion yuan.

My God, is there a better fund than this? If you buy a fund with a denomination of 1 yuan, you will not lose your own money even if you lose 10%, but you will keep every penny you earn!The credit rating agency saw this genius plan and did not hesitate: give it a AAA rating!

As a result, this fund sold like crazy. Various retirement funds, education funds, wealth management products, and even banks in other countries have also bought in. As far as Sun Zujie knows, such funds have already been sold in Hong Kong Island, even a local turtle like Ma Xiaoming. It's not easy to have a collection, and it seems that you have made a lot of money if you can be spotted by Wall Street!

Although the initial fundraising scale was originally 500 billion yuan, it is impossible to estimate how many billion yuan will be issued in the follow-up.But the deposit of 50 billion yuan has not changed.If the current scale is 5000 billion yuan, then the margin can only guarantee that the fund will not lose money when the net value of the fund does not lose 1% of the principal, which means that the probability of losing money is getting higher and higher.

As U.S. imperialism fell into the Middle East battlefield, U.S. imperialism inevitably began to print money, which naturally caused inflation in U.S. imperialism, so the Fed began to raise interest rates in order to control prices.

The interest rate hike also means that housing prices in the United States will no longer rise, especially the increase in short-term interest rates. The situation keeps coming up.

There is a problem with subprime debt, what CDO, CDS, what investment companies, hedge funds, insurance companies, major commercial banks, and various investment funds have all been pulled into the water, and then the US imperialism will naturally pull the world into the water. It is the subprime mortgage crisis, a global financial crisis caused entirely by the greed of Wall Street.

In mid-August of this year, at the Xiadu meeting, Sun Zujie made a detailed report on the subprime mortgage crisis to the bigwigs present at the meeting, reporting the fact that the subprime mortgage crisis in the United States was about to break out.

The bigwigs at the meeting had a round of foreign meat, and it turned out that Wall Street can still play like this!After the report was over, the senior executives who participated in the meeting were silent. Sun Zujie’s report was well-prepared and the arguments were substantial. Even if they didn’t want to believe it, they had to accept this conclusion. Of course, even if they didn’t believe it, it was necessary to do some preparation work. But Sun Zujie made a report!

The question now is what to do?Once there is a serious financial crisis in the U.S. empire, they will definitely try to drag the whole world into the water. It is certain that the dollar will be oversupplied. What will happen to Huaguo and the huge foreign exchange reserves that Huaguo has?

With the emergence of the financial crisis, consumption in major export markets in Europe and the United States will definitely have problems, and China's exports will inevitably be restricted. What about employment?

And once Huaguo is highlighted, the American emperor will definitely blackmail Huaguo by any means in order to suck blood, forcing Huaguo to transfuse the American emperor with blood. How should we respond then?

At the end of the report, Sun Zujie believes that this crisis is likely to seriously change the balance of power among countries. The U.S. imperialists will be severely damaged by the greed of Wall Street. At the same time, they will also drag Japan and Europe into the water. further highlighted.

In other words, the era of making a fortune in silence for more than ten years is coming to an end, and Huaguo is likely to become a strategic opponent of the U.S. imperialists and face more and more suppression by the U.S. imperialists.

After listening to the report, everyone's eyes slowly turned to Sun Zujie. Since you raised a question, you must have the ability to solve it.Besides, Sun Zujie has already presided over the resolution of a financial crisis, so this time he must also be authorized.

There is also a ready-made solution, set up a secret response team, and then start to sort it out from now on. In addition, since you know that something will happen, it is inevitable to follow suit.