50s: Starting with a storage ring

Chapter 684: Advancing with the Times
The earliest expression of the term "slap" comes from American economist Paul Krugman.

According to this theory, the US dollar should have depreciated long ago, and so-called government intervention only accelerated the bursting of the bubble, allowing the market to return to rationality.

This is like slapping someone awake from a dream; the Plaza Accord merely played the role of a "slap" that ignited the fire.

The methods used this time were similar to the last time, only slightly different. Last time, America acted alone, while this time it was a joint operation by the G5.

Although the dollar market experienced a panic-driven crash for a period of time last time, it quickly returned to rationality because the bubble itself was not serious.

This time it's completely different. The market value of the US dollar has far exceeded its intrinsic value, so a depreciation of the dollar at this point is in line with rational market principles.

When G5 countries act in accordance with market principles, it naturally leads to dramatic changes in the entire market.

"Our domestic economy is relatively small, so the impact is also relatively small. But even a small impact could still cause losses of several billion dollars."

"If our $26 billion reserves are devalued by 50%, their value will drop to $13 billion, which would be a painful loss for us right now."

"That's why I rushed here in person so that my family could get the news and take action as soon as possible. Even if we have to spend the money first, it's better than leaving it in the bank and watching it depreciate."

"Of course, I gave advice in the report, which was to sell the US dollar and hold the Japanese yen instead."

"The appreciation of the yen is now inevitable. Although we can't get the meat on the G5 table, it's not bad to get a taste of the soup."

There are actually many more ways to join this feast of spoils, but those are all matters of capital operation, and the risks are quite high.

Moreover, we don't have the initiative ourselves; the country can't use its foreign exchange reserves to make such high-risk investments.

Now, Lao Han has figured out what Sun Zhiwei is trying to say. When he heard Sun Zhiwei say that they might lose billions of dollars, he also became anxious.

"I understand everything you've said. I'll arrange for someone to send this document back to China immediately. Is there anything else you want to tell me?"

Sun Zhiwei thought about it and realized he wanted the domestic community to participate in the division of the small life.

He was fully aware of the subsequent market changes, but such predictions were not supported by absolutely accurate data and were subject to change at any time.

The history he understands is the history of another time and space. His arrival here will inevitably create a butterfly effect, and change is absolutely inevitable. He cannot guarantee anything.

So he said to Lao Han, "I have nothing more to say. There are many talented people in the family. With accurate and timely information, the family will naturally take care of the rest."

He believes there are talented people in the country who can lead the nation to its peak in another world, and naturally they can do the same here.

He only needs to relay more information back in a timely manner; naturally, professionals will handle the professional tasks.

Just then, someone knocked on the door. Sun Zhiwei immediately picked up his teacup, stood up, and hid behind the floor-to-ceiling curtains.

Soon, the person came in, reported on some work, and left.

After the people left, Lao Han looked at Sun Zhiwei, who had emerged from behind the bed curtains, and teased him with a smile, "Look at you, acting like a thief."

"What else can I do? The most secure channel right now is coded telegrams, but that's only suitable for exchanging small amounts of information. What else can I do but send this kind of analysis report secretly?"

"But Lao Han, do you know what email is?" "What did you say?"

"E-mail can send information from one computer to another via electronic signals. The data arrives instantly and can be encrypted."

"I know about computers, but I don't know much about email. Could you explain in more detail?"

"In the 1960s, the American Ministry of Defense developed a method for transmitting data over telephone lines called 'ARPANET' to solve military communication problems, thus enabling communication between different regions."

“This ‘ARPANET’ later evolved into a data transmission standard and was gradually opened up to academia and the public.”

"Email is a way of transmitting data between different computers using this telephone line network."

"In October 1969, Professor Leonard Cleron of UCLA conducted an experiment."

"He attempted to contact another computer at the Stanford Research Center in San Francisco using a computer located at the University of California."

"The two parties agreed to communicate by sending the letters L-O-G."

Professor Leonard Clarion first sent an 'L', then asked, 'Did you receive it?'

"After receiving it in San Francisco, the other party replied, 'Received,' and then sent 'O' and 'G' to Los Angeles in sequence."

"Unfortunately, the system crashed before Professor Leonard Cleron could reply after the letter 'O' was sent."

"So, the world's first email contained only two letters: 'LO,' which means 'Hello, I'm done for.'"

"Although this experiment was not entirely successful, Professor Leonard Cleron is still known as the 'father of email.'"

"The world's first real email was sent in 71 by Ray Tomlinson, an engineer at BBN Technologies, which is now more than a decade old."

"Old Han, technology is advancing rapidly, and our intelligence transmission methods must also be updated as soon as possible."

Old Han was silent for a while after hearing this before nodding and saying, "You're right. I'm not some stubborn old fogey. As long as safety can be guaranteed, I'm interested in trying any new technology."

“Not bad, Lao Han, you have the courage to keep up with the times. We’ll try it later, but we need to reset the password. It’s best to make it more complicated.”

"I understand. I will apply to the higher-ups to design a new password for our experiment."

Sun Zhiwei had completed his task. After chatting for a while, he put on makeup again and quietly left Lao Han's office once more.

No one knew from beginning to end that Sun Zhiwei had been here and had delivered important intelligence.

That evening, Sun Zhiwei had already returned to his home in New York and had dinner with Tong Jiajia.

September 22nd arrived quickly, and the finance ministers and bank presidents of the G5 had gathered at the Plaza Hotel in New York. Sun Zhiwei naturally wouldn't miss such an important event.

He booked a room in the hotel next door, set up a recording device, and prepared to record the entire meeting.

(End of this chapter)