Chapter 1091
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Last year's Black Monday global stock market crash stripped many economies that seemed to have come out of the capitalist world economic crisis in the early 1980s. The bright coat of singing and dancing was stripped away. Australia is a typical example. The economy fell into one of the few great recessions in history, accompanied by the exposure of shocking corruption scandals.
From the perspective of Xiangjiang, it will be more specific, including Huifeng bank's business in Australia is not optimistic, and Pang Yalun, the richest commercial tycoon in Australia, who is well-known in Xiangjiang, is in a bad situation, etc.
In this case, some elites in Australia have sprouted an international "circle of friends" organization, so as to usher in some opportunities as soon as possible.
As a result, sir Gao took the lead and began to promote it with a significantly more mature idea. The elites in Australia were inevitably lost and had nothing to say because the response was very enthusiastic.
This phenomenon is not difficult to understand. After years of accumulation, sir Gao has accumulated a lot of contacts from business leaders around the world to key members of institutions such as the central bank, the Ministry of Finance and the Ministry of economy and trade, and communication is quite convenient.
The reaction of Australia to pinch its nose reflects another subtle general psychology, that is, although Sir Gao has great personal influence, the Xiangjiang platform he relies on has limited energy, so it is difficult for participants to be alert.
To put it bluntly, if you change to a powerful platform like a book and take the lead, you should think about it. If you are sold, you may have to help count the money; A relatively weak convener is more helpful for all participants to make a voice according to their own interests and needs.
Gao Xian clearly grasped this subtle psychology, and always maintained a tone of good consultation for the establishment of the Asia Pacific Economic Cooperation Organization.
Of course, Gao Xian did not hide his positive motivation, that is, he hoped to consolidate the status of Xiangjiang as an international financial center by setting the headquarters of the Asia Pacific Economic Cooperation Organization in Xiangjiang.
In this regard, all parties tacitly understand that it is impossible to get up early without profit.
In the final analysis, a relatively weak convener can really attract those small participants to speak freely and then be willing to accept it.
After Gao Xian arrived in the United States, he heard the complaints of Australian elites in Jianghu circles such as the trilateral Committee. For the concept of Asia Pacific Economic Cooperation, the platform of Xiangjiang is not operated well. Sir Gao should say hello in advance, and the leader of MIDI also liked the appearance of his little brother in Italy.
After hearing these remarks, Gao Xian was quite calm and "sincerely" apologized. How did I know you also have the idea of APEC? Otherwise, let you handle the business now?
This is a joke. If the Australian elite really dare to take over, they will expose their careful thinking, which will most likely arouse the vigilance of all parties and eventually screw up.
For Sir Gao's first come, first served confidence, David Rockefeller, Brzezinski and other heavyweights behind the scenes in the field of international relations have no criticism. Sir Gao's creation of the circle of Asia Pacific Economic Cooperation cannot be completely out of control.
Sir Gao is so confident that he naturally has enough chips. For example, Federal Reserve Chairman Alan Greenspan is brewing a secret plan to protect the dollar, which is absolutely inseparable from the cooperation of the Xiangjiang financial authority under Sir Gao and the Xiangjiang financial market under his supervision.
It is necessary to point out that due to the increasing role of the variable of high string, many places are inevitably changing, which is nothing more than the difference of degree.
Take the international status of Xiangjiang foreign exchange market as a typical example. In terms of trading volume, it is not the first in the world, but its activity and weathervane effect are among the best.
Since the signing of the Plaza Agreement, the dollar has continued to weaken, and the Louvre agreement signed last year has not achieved the expected results, especially the West German central bank's less obedient cooperation; On the one hand, I nodded and bowed on the surface, but I scavenged in the US capital market with an appetite of about $2 billion a day; At the same time, international speculators, like vultures, hovered over the ailing dollar.
How to solve the dollar crisis has become the top priority of Federal Reserve Chairman Alan Greenspan.
Theoretically, the central bank has no responsibility to directly manipulate the foreign exchange market. Further, as the defender of the market economy, it should stand idly by and watch the battle between the long and short sides of the market.
But one thing is that the theory is a theory after all. Mitty can often accuse others of trying to manipulate the exchange rate, but when someone dares to break ground on the dollar, the Fed will not hesitate to raise the butcher's knife.
Now, Greenspan is deploying such a plan.
"It is conservatively estimated that the international foreign exchange trading market has a trading volume of up to $640 billion a day. If the Central Bank launches a hard confrontation with this market, the intervention funds of tens of billions or tens of billions of dollars will soon be swallowed up by this market." Greenspan brightly explained his secret plan to Sir Gao, "so I am ready to carry out a comprehensive three-dimensional attack, including psychological warfare, public opinion warfare and other tactics, to reverse the herd effect and defeat the main dollar bears in one fell swoop, and the Asian market is the first main direction."
Sir Gao listened patiently. To some extent, the pressure of Hong Kong dollar appreciation on Xiangjiang is becoming more and more severe, but he has delayed to use the response plan of levying special handling charges on deposits, that is, the de facto negative interest rate. What he is waiting for is that the Federal Reserve can't help but take action to reverse the weak position of the US dollar.
At present, the Xiangjiang economic system has adapted to the floating range specified by the linked exchange rate. Stability is the most important. The appreciation or depreciation exceeding the range is not what the Xiangjiang financial authority wants to see.
It's easy to get confused just by simply staring at the rise and fall of exchange rates between various currencies. Therefore, as long as we understand a logical relationship, it's precisely because the current US dollar continues to weaken, so that even the Hong Kong dollar is facing great appreciation pressure. As long as Greenspan solves the current US dollar crisis, the high string can take a ride without the elusive solution of negative interest rates, Achieve the goal of stabilizing the Hong Kong dollar exchange rate.
Greenspan naturally saw this. He smiled and said, "Sir Gao, if you are willing to help, you are also reducing the pressure for yourself. The capital market over Xiangjiang is about to recover from the lazy state of the Spring Festival holiday. It is not suitable to launch a lightning war unexpectedly."
Sir Gao nodded, "what specific action participants are there?"
"The Federal Reserve of New York is responsible for the operation of the Federal Reserve. One book and the Central Bank of Germany have agreed to cooperate." Greenspan accentuated his tone and stressed: "however, they have always harboured ghosts. I still believe in the effect of Sir Gao's cooperation."
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Last year's Black Monday global stock market crash stripped many economies that seemed to have come out of the capitalist world economic crisis in the early 1980s. The bright coat of singing and dancing was stripped away. Australia is a typical example. The economy fell into one of the few great recessions in history, accompanied by the exposure of shocking corruption scandals.
From the perspective of Xiangjiang, it will be more specific, including Huifeng bank's business in Australia is not optimistic, and Pang Yalun, the richest commercial tycoon in Australia, who is well-known in Xiangjiang, is in a bad situation, etc.
In this case, some elites in Australia have sprouted an international "circle of friends" organization, so as to usher in some opportunities as soon as possible.
As a result, sir Gao took the lead and began to promote it with a significantly more mature idea. The elites in Australia were inevitably lost and had nothing to say because the response was very enthusiastic.
This phenomenon is not difficult to understand. After years of accumulation, sir Gao has accumulated a lot of contacts from business leaders around the world to key members of institutions such as the central bank, the Ministry of Finance and the Ministry of economy and trade, and communication is quite convenient.
The reaction of Australia to pinch its nose reflects another subtle general psychology, that is, although Sir Gao has great personal influence, the Xiangjiang platform he relies on has limited energy, so it is difficult for participants to be alert.
To put it bluntly, if you change to a powerful platform like a book and take the lead, you should think about it. If you are sold, you may have to help count the money; A relatively weak convener is more helpful for all participants to make a voice according to their own interests and needs.
Gao Xian clearly grasped this subtle psychology, and always maintained a tone of good consultation for the establishment of the Asia Pacific Economic Cooperation Organization.
Of course, Gao Xian did not hide his positive motivation, that is, he hoped to consolidate the status of Xiangjiang as an international financial center by setting the headquarters of the Asia Pacific Economic Cooperation Organization in Xiangjiang.
In this regard, all parties tacitly understand that it is impossible to get up early without profit.
In the final analysis, a relatively weak convener can really attract those small participants to speak freely and then be willing to accept it.
After Gao Xian arrived in the United States, he heard the complaints of Australian elites in Jianghu circles such as the trilateral Committee. For the concept of Asia Pacific Economic Cooperation, the platform of Xiangjiang is not operated well. Sir Gao should say hello in advance, and the leader of MIDI also liked the appearance of his little brother in Italy.
After hearing these remarks, Gao Xian was quite calm and "sincerely" apologized. How did I know you also have the idea of APEC? Otherwise, let you handle the business now?
This is a joke. If the Australian elite really dare to take over, they will expose their careful thinking, which will most likely arouse the vigilance of all parties and eventually screw up.
For Sir Gao's first come, first served confidence, David Rockefeller, Brzezinski and other heavyweights behind the scenes in the field of international relations have no criticism. Sir Gao's creation of the circle of Asia Pacific Economic Cooperation cannot be completely out of control.
Sir Gao is so confident that he naturally has enough chips. For example, Federal Reserve Chairman Alan Greenspan is brewing a secret plan to protect the dollar, which is absolutely inseparable from the cooperation of the Xiangjiang financial authority under Sir Gao and the Xiangjiang financial market under his supervision.
It is necessary to point out that due to the increasing role of the variable of high string, many places are inevitably changing, which is nothing more than the difference of degree.
Take the international status of Xiangjiang foreign exchange market as a typical example. In terms of trading volume, it is not the first in the world, but its activity and weathervane effect are among the best.
Since the signing of the Plaza Agreement, the dollar has continued to weaken, and the Louvre agreement signed last year has not achieved the expected results, especially the West German central bank's less obedient cooperation; On the one hand, I nodded and bowed on the surface, but I scavenged in the US capital market with an appetite of about $2 billion a day; At the same time, international speculators, like vultures, hovered over the ailing dollar.
How to solve the dollar crisis has become the top priority of Federal Reserve Chairman Alan Greenspan.
Theoretically, the central bank has no responsibility to directly manipulate the foreign exchange market. Further, as the defender of the market economy, it should stand idly by and watch the battle between the long and short sides of the market.
But one thing is that the theory is a theory after all. Mitty can often accuse others of trying to manipulate the exchange rate, but when someone dares to break ground on the dollar, the Fed will not hesitate to raise the butcher's knife.
Now, Greenspan is deploying such a plan.
"It is conservatively estimated that the international foreign exchange trading market has a trading volume of up to $640 billion a day. If the Central Bank launches a hard confrontation with this market, the intervention funds of tens of billions or tens of billions of dollars will soon be swallowed up by this market." Greenspan brightly explained his secret plan to Sir Gao, "so I am ready to carry out a comprehensive three-dimensional attack, including psychological warfare, public opinion warfare and other tactics, to reverse the herd effect and defeat the main dollar bears in one fell swoop, and the Asian market is the first main direction."
Sir Gao listened patiently. To some extent, the pressure of Hong Kong dollar appreciation on Xiangjiang is becoming more and more severe, but he has delayed to use the response plan of levying special handling charges on deposits, that is, the de facto negative interest rate. What he is waiting for is that the Federal Reserve can't help but take action to reverse the weak position of the US dollar.
At present, the Xiangjiang economic system has adapted to the floating range specified by the linked exchange rate. Stability is the most important. The appreciation or depreciation exceeding the range is not what the Xiangjiang financial authority wants to see.
It's easy to get confused just by simply staring at the rise and fall of exchange rates between various currencies. Therefore, as long as we understand a logical relationship, it's precisely because the current US dollar continues to weaken, so that even the Hong Kong dollar is facing great appreciation pressure. As long as Greenspan solves the current US dollar crisis, the high string can take a ride without the elusive solution of negative interest rates, Achieve the goal of stabilizing the Hong Kong dollar exchange rate.
Greenspan naturally saw this. He smiled and said, "Sir Gao, if you are willing to help, you are also reducing the pressure for yourself. The capital market over Xiangjiang is about to recover from the lazy state of the Spring Festival holiday. It is not suitable to launch a lightning war unexpectedly."
Sir Gao nodded, "what specific action participants are there?"
"The Federal Reserve of New York is responsible for the operation of the Federal Reserve. One book and the Central Bank of Germany have agreed to cooperate." Greenspan accentuated his tone and stressed: "however, they have always harboured ghosts. I still believe in the effect of Sir Gao's cooperation."
Last year's Black Monday global stock market crash stripped many economies that seemed to have come out of the capitalist world economic crisis in the early 1980s. The bright coat of singing and dancing was stripped away. Australia is a typical example. The economy fell into one of the few great recessions in history, accompanied by the exposure of shocking corruption scandals.From the perspective of Xiangjiang, it will be more specific, including Huifeng bank's business in Australia is not optimistic, and Pang Yalun, the richest commercial tycoon in Australia, who is well-known in Xiangjiang, is in a bad situation, etc.In this case, some elites in Australia have sprouted an international "circle of friends" organization, so as to usher in some opportunities as soon as possible.As a result, sir Gao took the lead and began to promote it with a significantly more mature idea. The elites in Australia were inevitably lost and had nothing to say because the response was very enthusiastic.This phenomenon is not difficult to understand. After years of accumulation, sir Gao has accumulated a lot of contacts from business leaders around the world to key members of institutions such as the central bank, the Ministry of Finance and the Ministry of economy and trade, and communication is quite convenient.The reaction of Australia to pinch its nose reflects another subtle general psychology, that is, although Sir Gao has great personal influence, the Xiangjiang platform he relies on has limited energy, so it is difficult for participants to be alert.To put it bluntly, if you change to a powerful platform like a book and take the lead, you should think about it. If you are sold, you may have to help count the money; A relatively weak convener is more helpful for all participants to make a voice according to their own interests and needs.Gao Xian clearly grasped this subtle psychology, and always maintained a tone of good consultation for the establishment of the Asia Pacific Economic Cooperation Organization.Of course, Gao Xian did not hide his positive motivation, that is, he hoped to consolidate the status of Xiangjiang as an international financial center by setting the headquarters of the Asia Pacific Economic Cooperation Organization in Xiangjiang.In this regard, all parties tacitly understand that it is impossible to get up early without profit.In the final analysis, a relatively weak convener can really attract those small participants to speak freely and then be willing to accept it.After Gao Xian arrived in the United States, he heard the complaints of Australian elites in Jianghu circles such as the trilateral Committee. For the concept of Asia Pacific Economic Cooperation, the platform of Xiangjiang is not operated well. Sir Gao should say hello in advance, and the leader of MIDI also liked the appearance of his little brother in Italy.After hearing these remarks, Gao Xian was quite calm and "sincerely" apologized. How did I know you also have the idea of APEC? Otherwise, let you handle the business now?This is a joke. If the Australian elite really dare to take over, they will expose their careful thinking, which will most likely arouse the vigilance of all parties and eventually screw up.For Sir Gao's first come, first served confidence, David Rockefeller, Brzezinski and other heavyweights behind the scenes in the field of international relations have no criticism. Sir Gao's creation of the circle of Asia Pacific Economic Cooperation cannot be completely out of control.Sir Gao is so confident that he naturally has enough chips. For example, Federal Reserve Chairman Alan Greenspan is brewing a secret plan to protect the dollar, which is absolutely inseparable from the cooperation of the Xiangjiang financial authority under Sir Gao and the Xiangjiang financial market under his supervision.It is necessary to point out that due to the increasing role of the variable of high string, many places are inevitably changing, which is nothing more than the difference of degree.Take the international status of Xiangjiang foreign exchange market as a typical example. In terms of trading volume, it is not the first in the world, but its activity and weathervane effect are among the best.Since the signing of the Plaza Agreement, the dollar has continued to weaken, and the Louvre agreement signed last year has not achieved the expected results, especially the West German central bank's less obedient cooperation; On the one hand, I nodded and bowed on the surface, but I scavenged in the US capital market with an appetite of about $2 billion a day; At the same time, international speculators, like vultures, hovered over the ailing dollar.How to solve the dollar crisis has become the top priority of Federal Reserve Chairman Alan Greenspan.Theoretically, the central bank has no responsibility to directly manipulate the foreign exchange market. Further, as the defender of the market economy, it should stand idly by and watch the battle between the long and short sides of the market.But one thing is that the theory is a theory after all. Mitty can often accuse others of trying to manipulate the exchange rate, but when someone dares to break ground on the dollar, the Fed will not hesitate to raise the butcher's knife.Now, Greenspan is deploying such a plan."It is conservatively estimated that the international foreign exchange trading market has a trading volume of up to $640 billion a day. If the Central Bank launches a hard confrontation with this market, the intervention funds of tens of billions or tens of billions of dollars will soon be swallowed up by this market." Greenspan brightly explained his secret plan to Sir Gao, "so I am ready to carry out a comprehensive three-dimensional attack, including psychological warfare, public opinion warfare and other tactics, to reverse the herd effect and defeat the main dollar bears in one fell swoop, and the Asian market is the first main direction."Sir Gao listened patiently. To some extent, the pressure of Hong Kong dollar appreciation on Xiangjiang is becoming more and more severe, but he has delayed to use the response plan of levying special handling charges on deposits, that is, the de facto negative interest rate. What he is waiting for is that the Federal Reserve can't help but take action to reverse the weak position of the US dollar.At present, the Xiangjiang economic system has adapted to the floating range specified by the linked exchange rate. Stability is the most important. The appreciation or depreciation exceeding the range is not what the Xiangjiang financial authority wants to see.It's easy to get confused just by simply staring at the rise and fall of exchange rates between various currencies. Therefore, as long as we understand a logical relationship, it's precisely because the current US dollar continues to weaken, so that even the Hong Kong dollar is facing great appreciation pressure. As long as Greenspan solves the current US dollar crisis, the high string can take a ride without the elusive solution of negative interest rates, Achieve the goal of stabilizing the Hong Kong dollar exchange rate.Greenspan naturally saw this. He smiled and said, "Sir Gao, if you are willing to help, you are also reducing the pressure for yourself. The capital market over Xiangjiang is about to recover from the lazy state of the Spring Festival holiday. It is not suitable to launch a lightning war unexpectedly."Sir Gao nodded, "what specific action participants are there?""The Federal Reserve of New York is responsible for the operation of the Federal Reserve. One book and the Central Bank of Germany have agreed to cooperate." Greenspan accentuated his tone and stressed: "however, they have always harboured ghosts. I still believe in the effect of Sir Gao's cooperation."
