Xie took to decorate in addition to the progress from time to time, what do you care? At this time, the news from China is still not very optimistic. Jelicin and ligachev have not yet decided the outcome, which makes Xie took to find an excuse to postpone his return home.
Selyosha crossed the Iron Curtain at will because of the identity law. When Selyosha was in the land of East Berlin, he was very eager to see what Volkswagen had developed. Fortunately, Karim was not restricted by this. She was introduced by the Rothschild family and got a chance to visit the Volkswagen factory.
When Karim returned to East Germany from West Germany, Selyosha couldn’t wait to ask about the current situation of Volkswagen.
"Selyosha’s company is now in the hands of the German government. If we want to buy it, we must first go through the German government, a Volkswagen Group. There is an agreement between the government and the Volkswagen Group that we can buy this company only after buying 10% of the shares." Karim introduced Selyosha.
Xie took to hear the news suddenly a whisper in my heart, 10% in most countries to buy 30% can offer to buy the Germans is black enough!
Chapter one hundred and thirty-one louvre accord
Almost every year at the beginning of the year, the Ministry of Finance in western countries is the busiest time, because the budget for the new year is coming out soon. The so-called budget is to estimate how much a government will spend in this fiscal year. The department responsible for preparing the budget is usually the Ministry of Finance in western countries.
The Ministry of Finance will make a detailed financial statement according to the budgets of various government departments. This statement is only a plan everywhere, and whether the plan can be implemented smoothly depends on the cooperation of the other two important sections, the Central Bank of Congress.
In some western countries, the central bank and the Ministry of Finance are subordinate, but in the United States, the United States is independent of the Ministry of Finance, and it is not responsible to the government, but to the American financial institutions represented by the Federal Reserve.
First of all, it is difficult for the Ministry of Finance to specify the budget. Now the Republican Party where Reagan is located firmly controls the majority of the seats in Congress. If the Republican Party does not disagree, the budget base will not encounter any twists and turns in Congress. On the contrary, it is a bit difficult for the United States. In this process, the Ministry of Finance estimates how much the government will spend, while the Congress decides whether to agree or not to help the government raise the money by spending the money here in the United States.
The US government’s budget is absolutely the largest in the world, and Midland has to find ways to raise this money every year. Most of this money comes from the deep-pocketed investment banks and financial institutions on Wall Street, and Midland and Wall Street mainly conduct this transaction through US Treasury bonds.
Whenever the government needs to issue treasury bonds, it will consult various financial institutions through bidding to determine the interest rate and issuance scale. If the annual treasury bonds in the United States are not in demand, it will be a major event that will affect the government’s finances.
Just last year, due to the influence of Plaza Accord, the yield of US bonds continued to fall, but although inflation stimulated exports, it did not improve the tax revenue and fiscal expenditure of each government. The United States finally faced tremendous pressure from the Soviet Union, and there were more and more military branches. Now, the high inflation rate makes the large financial institutions in the United States extremely dissatisfied. If the dollar continues to depreciate, then financial institutions will never pursue US treasury bonds.
Paul, the current president of American League? Walker is obviously on Wall Street, and his aversion to inflation is well known in American financial circles. He has said in public more than once that inflation is a public hazard in American economic circles, and Paul? Walker’s action also proved that he was a staunch opponent of the Plaza Plan.
It is against this background that the tender for American bonds in 1997 was faced with many difficulties, and it was just at this time that Xie Liaosha intended to enter the bond market. Xie Liaosha asked Mikhail to consult Bill? Gross’s opinion is unexpected. Is it Bill? Gross seems to be full of confidence in the yield of US Treasury bonds in 1997.
"Sir, al President Paul? Volcker’s attitude towards inflation is well known. In this case, he will definitely make full use of his own interests to withdraw excess funds from the market. I am afraid that the amount of government bonds issued this year will be large and the interest rate should be very attractive! " Bill? Gross said with confidence
"But now the dollar is depreciating!" Mikhail is still not at ease asks
"Sir Paul? Walker is not obedient to President Reagan, and he is known for his conceit and tough attitude. He can never cooperate with the government’s fiscal policy, and the Ministry of Finance can cooperate with him! So I judge that the depreciation trend of the dollar will soon force the government to intervene, and the Ministry of Finance will definitely treat Paul. Walker responded by tightening the liquidity line. "
After listening to bill? After gross explained, Mikhail put bill? Gross’s argument was relayed to Xie Liao Sha intact. After listening to it, Xie Liao Sha almost thought about it in Bill? Gross’s side
"Mikhail, we are not short of money now, but of talents. The lack of stable capital circulation channels is the means to keep this wealth constant and increase its value. Our thinking should be changed. The national debt should participate in stable cash flow and fast-moving companies are also what we need, and infrastructure investment like British Gas Company is also a good channel to protect our wealth! All Mikhail suspects will support Bill Gross and the Blackstone Group! "
With the words of Selyosha, Mikhail naturally felt relieved. Only a week later, Bill? Gross’s prediction came true.
Just as the world funds continue to pursue the Japanese economy, the US Treasury finally can’t sit still. On February 22, 1997, the finance ministers and central bank governors of the seven countries of the United States, Britain, France, the Federal Republic of Germany, Japan, Canada and Italy signed a new agreement in the Louvre in Paris. According to this agreement, the seven countries will jointly intervene in the exchange rate market to prevent the dollar from continuing to depreciate. As soon as the news came out, the yen depreciated sharply due to the favorable dollar, and Selyosha successfully escaped from the Japanese market and saved the fruits of his victory.
Bill? Gross’s bond investment has also been richly rewarded in the past few days. The short-term treasury bonds of Columbia Bank have risen one after another. Although the increase is not big, it is a signal for the treasury bond market. Bill Gross took the opportunity to sell this part of the profitable short-term treasury bonds to the market, and once again entered the Japanese foreign exchange market after withdrawing some funds.
Selyosha has been paying attention to Bill? Although gross’s trading technique is in bill’s? Gross seems that the Japanese market is frustrated in louvre accord, but it is still an attractive investment target. However, Xie Liaosha’s capital is too large, which will have a significant impact on the market if it is sold. This time, Xie Liaosha is not going to follow Bill? Gross re-entered the Japanese market.
Selyosha made a new consultation to Blackstone through Mikhail, that is, to buy Volkswagen from the Federal Government at the minimum cost.
Chapter 132 Acquisition of Volkswagen
When Xie Liaosha looked at the Federal Republic of Germany across the wall from the Iron Curtain, his mind was always rolling with various images of Volkswagen. A German car advocate Xie Liaosha said that he would never let go of Volkswagen, a future tycoon.
Although Xie Liaosha’s body is imprisoned in the East of the Iron Curtain, his capital is free to travel between the East and the West. According to Blackstone’s survey of the current Volkswagen Group, most of the shares of this company are still in the hands of the Federal German government. In addition, the Porsche family also has many shares in the Volkswagen Group.
Selyosha entrusted Blackstone to ask the West German government if it was interested in selling this world-renowned automobile industry group, but Blackstone hit a cold nail and the West German government did not want this German industrial pearl to fall into the hands of foreign investors.
Xie Liaosha is really eager to see Volkswagen now. At this moment, this company is not as large as the later generations. The best-selling model Beetle is now in the decline in the American market, while Xinfa Golf enjoys a high reputation in Europe. From any perspective, this company is going uphill at this moment, but Xie Liaosha thinks it is a good time to start.
Now, the automobile industry is still divided by the Iron Curtain. On one side of the Iron Curtain, socialist countries entertain themselves, while on the other side, cheap cars from Japan are eroding the European and American automobile markets. However, Xie Liaosha knows that once the Iron Curtain is broken, the former eastern bloc will become a dumping ground for Europe, and they will annex a part of eastern bloc’s industrial capacity to supplement their production capacity, while the eastern European market, which originally belonged to brands such as Vollada, will also be occupied by western European automobile brands.
Xie Liaosha knew that no matter how he saved Gorky automobile factory, it was impossible to stop this wave of annexation. Therefore, Xie Liaosha felt that it was better to control the blue chip stock of Volkswagen first and then complete his integration of the socialist automobile industry through Volkswagen.
Selyosha was a little annoyed by the unfriendly attitude of the West German government, but this did not stop Selyosha from trying to buy Volkswagen. Soon, KKR, a famous leveraged buyout company in the United States, received a secret commission from Columbia Bank, hoping that KKR would come forward to pay for the attack on Volkswagen, so a conspiracy against Volkswagen in the hands of the German government gradually unfolded.
In Selyosha, KKR, the remote commander, first made a move in the German stock market. They slowly absorbed Volkswagen shares from the market, while Blackstone Peterson left for the Federal Republic of Germany and the German government, the major shareholder of Volkswagen Group, and the Porsche Family Exhibition to talk with them about Volkswagen shares.
Just as Xie Liaosha was waiting for progress in East Berlin, he received a message from Jakovleff in which Jakovleff asked Xie Liaosha to return to China as soon as possible.
"Is there anything urgent? My visit to East Germany is not over yet! " Xie took freely push to take off the way
"This Jelicin and ligachev is becoming more and more ridiculous recently. He actually moved to an unfinished building in the workers’ new village to work! Always remember to let you come back and persuade Jelicin not to continue to fight against the Central Committee! " Jakovleff said anxiously
"I can’t come forward to this kind of thing. I am a deputy ministerial official. How can I reconcile the contradiction between two Politburo members! By the way, I also want to ask you a question. Do you think it is allowed from the policy point of view if foreign enterprises want to invest in us? " Xie took deliberately bifurcation topic said