Reborn Capital Madman
Chapter 0689 Chicago boy exported from a certain country
Dictators have different attitudes towards money. Pinochet, for example, often secretly set up his own small treasury, especially buying property "outside". So it is not surprising that after the business talks were over, the Chilean president
I really started to "make friends" with Sir Gao, an international business tycoon and banker with universal credit and unfathomable energy.
Of course, George W. Bush was also deliberately wooed by Pinochet. After all, the main backer of his dictatorship was the United States.
A big feast was the intended meaning of the title. Since the official business was going so smoothly, Gao Xian suggested that all the friends he was traveling with should come over and be Pinochet's guests. It would be a worthwhile trip.
Pinochet was greatly surprised when he learned the identity of John King, Chairman of the Board of Directors of British Airways. He did not expect that Sir Gao would be accompanied by such an important person in such a discreet manner.
In fact, if you knew the inside story, it would not be surprising. Sir Gao, Congressman Yi Huirong and his wife had a close personal relationship with the British Prime Minister, Mrs. Thatcher, and John King was a businessman whom Mrs. Thatcher admired and relied on very much.
People in the circle will naturally move around more.
When Bush introduced his brother Neil, Pinochet was surprised again. The relationship between Sir George Bush and the Bush family was not simple. Even the two sons of the US Vice President George Bush Sr. went on a long trip with him.
Gao Xian brought Neil Bush out not just for sightseeing, but because he wanted to open the eyes of the young and energetic man. He had a warning in his heart to avoid betraying the Bush family, which Sir Gao had bet on.
Causing trouble that can be used as leverage by political opponents.
Currently, Neil Bush holds a senior position at the National Savings and Loan Bank. This institution was established under the Federal Home Loan Bank Act of 1932. It is a bit complicated to elaborate on its past and present lives because it is different from Chase Bank.
Commercial banks such as Morgan Bank, Citibank, and Bank of America were established during the Great Depression to specifically address the loan needs of Americans who wanted to buy houses. They were the first to be prudent in their operations.
After decades, the Savings and Loan Bank of the United States has gradually formed a very conservative "3.6.3" model, that is, the Savings and Loan Bank of the United States pays 3% interest to depositors and charges 6% interest to lenders.
Benefits; after getting off work at three o'clock every afternoon, the executives can go play golf, because the operating model has been restricted to death, and people have nothing to do.
However, the drastic changes in the global economic order in the 1970s brought about a series of changes in the situation, prompting the U.S. government to lift restrictions on U.S. savings and credit banks, including the 3% upper limit on interest rates on depositors' deposits.
Get involved in other investments that offer higher returns than your mortgage.
As a result, driven by the greed of capital, the operation of the American Savings and Credit Bank became radical, and they spent money on anything they felt was profitable, even including areas such as breeding cattle banks, which sounded a bit unpopular, because of the foundation accumulated over decades.
It's a huge amount of money, enough to squander for a while, but it will eventually explode.
The deposits at the Savings and Credit Bank of the United States are really the hard-earned money of ordinary people. When the time comes, everyone will be the target of public criticism. People like Neil Bush who rely on family background to reach senior positions will only be more sensitive.
What Gao Xian means is that Neil Bush came out this time to see with his own eyes the looming debt crisis in Latin American countries, and he became awe-inspiring so that he could end the relationship as soon as possible. After all, the Bush family also has business of their own, so they can't do anything wrong.
Getting into trouble outside.
After the banquet began, the network power of the "Chicago Boys" circle quickly became apparent. For example, Sergio Spicula, the current Chilean Minister of Economy and Finance, is an authentic economics disciple trained at the University of Chicago.
The so-called "Chicago Boys" are young talents from Latin America funded by organizations such as the Rockefeller Foundation and the Ford Foundation. After studying in the United States, they return to their respective countries and serve in important government departments. Among them are the brilliant ones.
Needless to say, the Heritage Foundation, which was only established a few years ago and has become increasingly influential during the current Lee Genzheng administration, cannot help but praise it.
During the dinner, Sir Gao brazenly said to Sergio Spicula: "According to my research, Chile's foreign debt has exceeded 17 billion US dollars, and in recent years, the Chilean currency has implemented a fixed exchange rate with the US dollar.
The value is increasingly artificially high; copper, which has the highest reserves and production in the world, is also weakening. If it is not handled properly, it will at least lead to a banking crisis, or at worst it will evolve into a comprehensive economic crisis."
Sergio Spicula replied nonchalantly: "I believe that the market has sufficient self-adjustment capabilities. The current U.S. economy is experiencing prominent contradictions, and President Lee Gen's policy is liberalism."
Gao Xian smiled slightly, he was really a good disciple taught by the United States. Look at this trend, Chile will only become more superstitious and liberal in the future.
Although the market has the ability to self-regulate, it must at least have a prerequisite, that is, U.S. capital, which can come and go as it pleases, will be merciful and not cut the leeks; besides, the gap between the rich and the poor that arises during the period of market self-regulation, such as
Should we just let social justice issues such as enlargement go unchecked? We need sheep to shear the sheep!
You know, after Pinochet launched a bloody military coup and eliminated the previous left-wing government, he privatized previously nationalized assets, including mines, and greatly gained the support of the United States.
He is happy, and the series of economic policies he implemented with the help of the "Chicago Boys" seem to be very effective; but if you look at it from another direction, it may not be wrong. The United States will no longer engage in sabotage activities such as sanctions.
, the Chilean economy then improved.
At this stage, with the severe economic recession in the United States and the monetary contraction policy implemented by the Federal Reserve, the economy of a country like Chile that is heavily tied to the U.S. dollar is destined to be severely damaged. Furthermore, Pinochet's dictatorship will
It caused more resentment among the domestic people.
Pinochet, who was enjoying his eloquent talk with a smile, still had some common sense. He interjected out of self-interest: "The banking industry still needs to be careful."
Sergio Spicula nodded, "If the situation analyzed by Sir Gao really occurs, the Ministry of Finance will intervene in the bank."
Pinochet then said to Gao Xian: "The Chilean economy needs outstanding bankers like Sir Gao to provide more valuable advice. Of course, it would be better if Sir Gao could come to Chile to invest directly."
"Chile's most famous copper industry must have been carved up a long time ago. I'm showing off my knowledge here. In fact, it's just to pave the way for leading the monetary policy in Xiangjiang. I really don't want to wade into the muddy waters of a remote region like Chile.
." Gao Xian, who sneered secretly, said insincerely: "Of course I am willing to invest in the country governed by His Excellency the President."
Having said this, Gao Xian raised his wine glass and said, "Please take care of your Excellency the President and several ministers!"
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