Peanut is tearing 13, and so is Smecta. They now know that, in any case, they can no longer pretend to be the strongest in the universe.
Within 10 years, the world's fifth largest boast seems to be yesterday. Unfortunately, now it seems that the distance is getting farther and farther.
Kia, Hanbao, Zhenlu, Sanmei, Hannah, Haitian, Danong, Qingqiu, Shuanglong. Nine large consortia have either closed down or are applying for closure.
Of the 30 consortia, a third need to close down. Even the remaining 21 do not seem to go too far.
At least, Daewoo doesn't seem to be able to hold on.
Three months ago, it seems that you were still robbing Kia. Now, if not, you can sell it to four stars together.
Smecta looked back, lying trough, let alone four stars, modern are not interested. They are willing to pay any price if they can survive.
Smecta now understands that if people dare to lend you money, they are not afraid of your default. If you dare to default, rest assured that you will regret it for the rest of your life.
It's just the beginning that the sovereign rating becomes B-rated. If necessary, it can become c-rated.
Now in this situation, a - will die.
B?
Ha ha ha, I can only add another silly word to you.
Anyway, Japan has no money, 30% of the loan interest rate, can not borrow money.
Smecta's economy is completely copying Japan's. They think that the problem of the Japanese version is mainly the real estate bubble.
so they suffered a bubble crisis. It seems that the current disgusting look is not as good as Japanese.
Blind arrogance and blind expansion are wrong from the beginning.
Smecta is a small country in the region. In terms of geopolitics, it really has no other choice but to find the right and left.
The period after World War II should be the most proud. As a punishment, Japan is not a complete country, and its boss does not deal with big rabbit. Well, there's really no one around to bully it.
The sudden take-off of Japan made Smecta gnash his teeth. If he didn't fight here, he might have taken the place of Japan.
It's good that we have a chance to catch up. Even if we can't surpass, we will be very close.
In 1995, Smecta saw hope. Because the Japanese earthquake, which has just improved a little, has given them a big chance.
Unfortunately, they think too much. He said that although he was a jerk, he used to be called a great power. Even if you blow it back to the stone age, they used to build aircraft carriers.
It's funny to say that Smecta's feelings for Japan are really hard to describe in words. You said they had a bad relationship, and Smecta was very fond of imitating Japanese. I don't want to talk about anything else. I like gambling. I have a competition for both goods.
The government has no idea what its citizens look like. Therefore, the legal gambling in Japan is either sports or pinball machines all over the street.
Smecta is different. They have their own casino. However, citizens of their own country were not allowed to set foot in it, so the depressed Smecta drifted across the sea.
Well, it's actually worse. Since they like to die, you might as well leave the money at home.
"Tut, I'm not going to bury Smecta?"
Smecta's thunder may not matter to them. The eagle sauce, which dominates all this, can't stand it first. Asshole, it's just collecting some wool. What are you doing with your heart, liver, lungs and spleen? Colorful and disgusting.
"Warren, I've studied their foreign investment. There's a common risk. They like high returns."
Ha, Buffett smiles. It's a bit obscene. Charlie Munger would have wanted to run away if he hadn't been familiar with him. Old rabbit, you look very evil now. Do you know that.
"Charlie, their per capita income has increased 100 times since the war. You say that a person who has been eating bran food for a long time, you suddenly give him a lot of money... "
Old people say that. There's nothing else to say. However, when will this bad situation turn.
"Warren, they shouldn't have done that in the first place. Later, I shouldn't have defaulted. Now, I can't borrow a dime. "
"Well, I don't care if they die or not. If so much money is gone, many Japanese banks will go bankrupt. Even for us, the future is not optimistic.
By the way, what does the Ministry of finance say now? "
Charlie Munger grinned bitterly. In his opinion, those conditions were too exaggerated. It can be compared with that one 100 years ago. At that time, Japan forced to lend Smecta 10 million yen. Since then, they have begun to colonize.
"It's harsh, I think. Robert Rubin is crazy. I'm curious. What's Smecta doing without throwing his children into the well? "
As a matter of fact, Smecta still refused this Agreement until the signing day.Unfortunately, if we don't sign, the country will go bankrupt. This is not the unemployment rate of more than ten percent. If it's not good, it's forty or fifty percent. Don't talk about company staff. Even government employees will be dismissed.
This is an agreement signed in the mud. It's called national humiliation day. In fact, it's not too much.
However, then again, who let you a family money. Smecta's consortium economy is that the government guides the loan, and then the bank provides very low interest.
Finally, the consortium will earn foreign exchange through export and return part of the profits to the government. Well, your government benefits from this cycle. Since it benefits, you can't say marketization.
Invisible guarantee is also guarantee. If something goes wrong, foreign investment banks will bear the losses. How can there be such a funny logic in this world.
Robert Rubin, who is this?
A former senior partner of Goldman Sachs, does his position need to be explained?
No need at all!
The partnership system of Goldman Sachs is one of the main reasons for their success. This is a rotten mud pond. As long as there is a way, it will occupy a seat on this platform.
Don't mention a little Smecta. In the end, Goldman Sachs, a deformed monster, could not be provoked at all.
Do you know why we only save the two brothers?
If you fight against Goldman Sachs all day long, people will not find a chance to deal with you?
Later, there was only one consortium left in the United States. Big Mo dare not provoke, Citigroup has only half a life, other so-called tycoons, either retire or join Goldman Sachs. Anyway, after 2008, it is basically this kind of form.
Since Robert Rubin, the position of Treasury Secretary of the United States has been basically controlled by Goldman Sachs for a long time. President, you can change this position. You'd better forget about it.
"25% interest rate? I want to borrow money to Smecta. Do you know how difficult it is for industrial products to make more than 20% profits?
Well, these guys will make money. "
"Boss, it's more than that." Philson doesn't care. He just takes advantage of the fire. It's no big deal.
"Oh, tell me about it."
"Banks and securities companies are fully open, allowing mergers and acquisitions, including malicious acquisitions, and abolishing all licenses. Most importantly, the IMF should supervise financial institutions. "
"Ha ha ha, don't say it. I can't agree with the last one. Is it the IMF's intention to disband Smecta's HKMA? "
"Robert is really tough enough, such conditions have been extremely noisy in peanut town."
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