Chapter 656 The Beginning of a Great Era
Taking the blame for the country, when Hu Wenhai spoke out this plan, if this was a cultivation game, the favorability of rabbits would probably have been greatly improved at this moment.
Although reality is not a game, there is no progress bar that can be guided, and after the favorability is full, no cute girl can be pushed down. But looking at the touching look of President Zhu, it is estimated that Hu Wenhai's image in his heart is almost the same as a saint.
James Edison's plane arrived in the imperial capital, and this incident was not widely publicized. It was just a brief explanation in the news broadcast with a fifteen-second news.
But after all, he is a dignified US Secretary of State. The person sitting opposite him on TV was Yueyue Bird with a very unrestrained smile on his face.
China expressed condemnation and protest against Iraq's insistence on invading Kuwait despite the strong opposition of the international community, and stated that it would stop all military and commercial cooperation with Iraq. It hoped that the Saddam regime would accept the UN resolution, evacuate the entire territory of Kuwait immediately, and bear any impact caused by its invasion.
The eight-legged article in the news broadcast does not mention the storm in the oil futures market.
While James Edison and Yueyueniao closed their doors to negotiate, the United States strongly informed the UK that it had reason to suspect that Xinke Investment violated the UN sanctions on Iraq and formed an interest alliance with the Saddam regime.
During the process of cleaning up the transaction data of Xinke Investment, it was found that it might have learned the detailed plan of Saddam's regime's attack on Kuwait through internal channels. Therefore, it was suspected of improper trading. The London financial management department asked the London financial management department to immediately freeze the transaction funds involved...
As a hardcore ally of the United States, the UK quickly responded to the US's request. On the same day, a team of investigators from the China Securities Regulatory Commission entered the futures market. Mi6 and the London District Attorney issued detailed procedures and written documents, requiring the London District Court to issue a special judgment to freeze the 8.1 billion US dollars of funds and financial securities on the books of Xinke Investment.
In the London financial market, the two sides that were in a long-short war suddenly lost a main force on the short side. Before the short side mobilized funds to make up for the crack, the United States and Britain launched another combination punch.
The United States has successively announced eleven financial institutions in Japan, Germany and France, claiming that they are also suspected of having interests in the Saddam regime...
During the war, time was urgent, and it was legal to freeze first and then investigate. As early as the first time when Saddam invaded Kuwait, the United States frozen all Kuwait's assets without a clear investigation to avoid using it for Saddam.
Since you have already done the first day of the New Year, you can naturally continue this practice and do it a few more times.
Americans are also very "easy to talk" and guarantee that if the investigation results believe that it does not constitute an interest alliance, the frozen funds will be returned, and financial securities can also be calculated based on the market price at that time.
This treatment method has just been introduced, that is, the London District Prosecutor's Office submitted a request to freeze the investment assets of Xinke to the court, and a jurisprudence was formed by the special court on the same day. As case law, this means that the other eleven investment institutions may also face the same treatment results.
This really took the lives of many bears.
As Xinke and 11 investment institutions temporarily left the market, the firepower of the bears in the long-short confrontation suddenly became sparse.
The weakening of the bears has greatly increased the morale of the bulls. Some rumors have been circulated in the White House at the right time. President Bush is very interested in Iraq's concessions at the negotiating table in Egypt, and may have conditions to reach an agreement with Saddam.
These seemingly true and false gossips, in conjunction with the US's sweep of short selling in the futures market, became very convincing.
As oil prices may rise rapidly, I don’t know how much funds are invested in the reserves of oil futures contracts, as Europe and Japan are seeing that oil prices may rise rapidly.
As for what to do if oil prices fall? At worst, delivery will be formed and oil will be brought back to the country for consumption.
Regardless of the price of oil, the energy group will make steady profits and not lose money. International oil prices, refined oil prices and chemical products prices are not originally related to the relationship. What price does the country's energy group sell? Can car drivers still bargain with gas stations?
As for market competition, there is no country yet. Energy groups are not in a semi-monopoly state. The high policy threshold makes it impossible to come in even if there are cheap oil products in the international world.
Anyway, it is definitely not the energy group that is unlucky for high oil prices. The cost is often the overall development and manufacturing costs of the country's economy. It may take two or three years to show damage to the economy.
With the emergence of this wave of short-selling forces, oil prices immediately rolled upward and began to rise wildly, breaking through the terrifying price of fifty dollars without any pressure, and liquidating a large number of short-selling positions.
Most of the unlucky people in this wave of market washing are investment institutions and financial funds that want to take the opportunity to make a fortune. Their nature is different from that of energy groups. These small fish and shrimps do not have strong financial reserves, and mostly use financial leveraged financing. The transaction risks are very huge. On the other hand, the background is not enough, and they do not have the ability to digest and supply oil. Once the delivery is formed, they will face breach of contract. At that time, they will be fined five times the penalty, and the death will only be even worse...
In this way, if a group of people is frozen and a group of people die, the shorts will immediately become single and lonely.
Seeing profitable, a huge amount of hot money set off from all over the world, and went to the City of London and joined the carnival feast of bulls.
The international situation is turbulent, and who can imagine that the trading volume in the first week of December 1990 had exceeded the past year in just seven days.
If the City of London had not learned the lessons of the US stock market and had already upgraded the trading system, maybe something like a crash would have happened here.
"The financial system was designed, and its original purpose was to solve the problem of resource redistribution. However, this tool is not only very inefficient, and the information obtained by most investors is not enough to support them to make the right decisions. Moreover, this tool often develops self-awareness, throws its original purpose behind it, and simply runs on the road to death for profit."
James Edison left with satisfaction with the tacit understanding that he could not put it into writing. He flew to the United States with him, and the elders of the Presbyterian Church, who hoped to make a state visit to the United States after the war.
Of course there is no problem with this.
James Edison, on behalf of President Bush, welcomed the elders' request.
Just that afternoon, the stocks of several large manufacturing groups in the US stock market experienced a slight increase.
On the second Saturday in December 1990, all political journalists and commentators around the world were pulled out of the warm and cute quilt by their own boss and firmly fixed in front of a TV.
The White House will hold a press conference today to announce President Bush's decision to the outside world on the amendment to UN resolution 678.
Hu Wenhai, Sun Bo and President Zhu have been facing each other almost every day during this period, always paying attention to the progress of things. Now it is finally the last moment before the opening of the stock market. Even with their cunning, they are inevitably excited to jump up.
As long as there is no emergency situation in the Americans, it can be imagined that Bush will definitely announce the release of the United States' strategic oil reserves at this press conference, and oil prices will surely fall in response to the news.
Hearing Hu Wenhai's evaluation of the financial system, President Zhu nodded with empathy: "It is impossible to develop in China without control. However, although finance is such a bad tool, we have to deal with it now. The only way is to be vigilant about it at all times, because we have no other tools available other than that."
Hu Wenhai nodded silently. Although the financial tool is not easy to use, it is at least barely enough. Although the Planning and Economic Commission is a perfect tool, it is not something that can be created by the current human society.
The Planning and Economic Commissions of China and the Soviet Union may not be able to even play one-third of the design effectiveness in their jobs as tools.
...
In the conference room of Xiangshan Hotel, Hu Wenhai and the other two were casually talking for a while, and Bush was already standing behind the podium in front of the White House lawn on the TV.
After a heavy sound of camera shutters as dense as raindrops, President Bush began his speech.
"Before talking about the issue in the Gulf region, let me announce good news first. My Secretary of State James Edison brought back good news for me in China. Mr. Elder, the Great Elder of the Presbyterian Church in China, made a proposal to make a state visit to the United States. As the President of the United States, I formally sent an invitation to Mr. Elders here. The United States welcomes you! I have a premonition that this will usher in a new era for the cooperative relationship between China and the United States!"
"Haha, Mr. Hu, look, these people standing behind President Bush are very particular!"
President Zhu put down the phone and commented on the pictures on the TV with great interest. Of course, he had no impression of who was behind Bush, but can't the President of the People's Bank of China bring together an international affairs consultant team?
No matter how useless the Chinese international political think tanks are, there is still no problem in establishing a database of high-level figures. Obviously, what President Zhu said in this sentence means that there may be changes in the United States without realizing it. No one can tell whether this change is good or bad.
The initiator of these changes is far away in the sky and close in front of you, and it is Hu Wenhai who is facing President Zhu with a confused look on his face.
The situation in this world is getting farther and farther away from the world he is familiar with.
After this, what we create will surely be a great era that is more magnificent than the past history!
Chapter completed!