Rebirth 79: I opened a bank in the United States

Chapter 1018 Exchange rejected
The acquisition of the orchestra and the establishment of a conservatory at Georgia Southern College that operates independently of the college will become Carter's main tasks outside of work for some time to come.

During the meeting with Kunzel, although the other party could not make a decision on the ownership of the band, he needed to bring it back to Cincinnati regardless of Carter's proposal, both public and private!
Objectively speaking, Kunzel is a flexible person.

Reflected in his attitude towards music, he doesn't stick to the form of music. Who said that symphony can't be used to play pop?
And it is reflected in the attitude of being a person and doing things that he doesn't take things such as the independence of the orchestra very seriously.In Kunzel's eyes, commercial operation itself is not a scourge!

In other words, whether it is cooperating with a record company or a Hollywood film company, the Cincinnati Pops Orchestra itself is a highly commercialized orchestra.As the music director and chief conductor of this orchestra, it may be due to the environment. Compared with the ownership of the nominal income right, Carter can guarantee both the salary increase of the musicians and the development of the orchestra. For the question of just paying an orchestra proceeds.
Today's orchestra income, everyone gets a share, and the venue is rented, basically nothing is left!So what if the so-called benefits that were not there in the first place were given to Carter? !Compared with the actual harvest, it's not worth mentioning at all!

Although he didn't say it clearly, Kunzel, who actively cooperated with Carter and made four trips to Douglas in three weeks to consider the location of the new school, has made his attitude very clear!

At the same time, Japan also ushered in the most violent wave in the avalanche.The valuable real estate in the past, not to mention the collapse of book value, even if it seems to be valuable, so what?No one is willing to take out cash to buy a house at this point in time!
The collapse of house prices also had a chain reaction, that is, the value of collateral collapsed, and bad debts could not be filled!

Since 87, the proportion of secondary customers in the source of credit business income of most commercial banks in Japan has become higher and higher.Small and micro enterprises and individual customers almost account for more than 6% of the total credit scale.And most of the remaining assets, ridiculous to say, are in the stock market!

In the office of the National Security Council, Carter saw a lot of data, one of which was the Ministry of Finance's traceability statistics of shareholders in the Japanese stock market.The aggregated results are somewhat shocking!

Even at the end of the 90s, when the Japanese stock market was at its peak, 48% of all stocks on the stock market were in the hands of major Japanese commercial banks.In the past, this figure could prove how serious the penetration of Japanese chaebols into the Japanese economy is, and now, this burden is so great!
On the one hand, the stock assets invested in have shrunk sharply, and on the other hand, the collateral in the credit business has depreciated and even cannot be realized.When there are bad debts, they can only resist.

As for the public, those with weaker psychological endurance may jump off the roof; those with stronger psychological endurance, who feel that life is worse than death, become laolai.Hiding in an old house in the country, avoiding the crowd as much as possible.

For the first time in Japan's largest metropolises, such as Tokyo and Daiban, which have net population inflows, negative growth in net population inflows has appeared for the first time!
"After all this, Japan's domestic demand is tsk! It was already low, but now it is estimated to be even more."

"But it's also a great opportunity for us!"

Holding a cup of coffee, Carter wandered around several economic experts, who commented loudly on this scene.

The decline in domestic demand in Japan is actually similar to the tightening of interest rates in 81, or even worse.The source of people's confidence: money, to be precise, should be valuable houses, suddenly become worthless!Borrowing has also become difficult!Naturally, the courage to consume is small!

For those who can survive, reducing expenditures and repaying loans is the right way!
Only in this way, those manufacturing companies that look good now will face the dilemma of declining domestic business revenue.If you don’t want to have the vicious cycle of loss of profit due to lower market consumption, and layoffs in order to save costs, the layoffs will lead to further panic in the market and lower consumption.

They can only try their best to expand external demand to fill the holes in domestic business.Just wait for this wave to pass, and let the workers find out that they are still alive!Work can still be done!Salary is still available!

Slowly, things will get better!

"At such a time when Japan's dependence on foreign demand is further strengthened, we have the right to speak! I think this is a good opportunity to completely open up Japan's financial market! It just so happens that tariffs and trade protectionism are things that our country This is the best project for the Secretary of State! Moreover, he has plenty of experience!"

Usurpation, oh no, it should be said that it is based on the current problems and formulates suggestions for the bosses. Even Carter's own job is also a part of selfishness.Because, in today's environment, Carter was very embarrassed to find that the money he deposited in those commercial banks in Japan could not be exchanged!

When talking about building a school with Mr. Kunzel, Carter was very high-spirited and scolded Fang Qiu!

Just kidding, I have tens of billions of yen there!Even with the current exchange rate of 130 to 1, which is affected by the collapse of the Japanese economy and the confidence has dropped slightly, there is still a small goal of the US version in hand to squander.

What is the All-Steinway Institute? !

We have people in the building, the cost price; the land, for these high-class arts, it is too late for Benjamin to support it, and it is basically the price of cabbage.Nowadays, the land in southern states is not worth much at all, less than 2 dollars per square meter, which can be said to be as much as you want.
And Steinway pianos, although expensive, are awesome.But even for a D-shaped grand piano used for performances in concert halls, as long as you don't do any fancy work such as diamond-embedded and gold-plated, in this era, a hundred thousand or 20 US dollars is the top.

In the piano room, you can even use Steinway's V, K series, and upright pianos, which are even cheaper!Or, the same grand piano, but with some other model.
The practice piano in the piano room doesn't have to be so good.
Zero and zero finally figured it out, even if the purchase price was calculated based on the 116 Steinway pianos at the Cincinnati Conservatory of Music.And less than $3000 million!
As a result, when Carter wanted to allocate part of the funds to purchase building materials after the groundbreaking ceremony of the South Georgia Conservatory of Music, an embarrassing scene came!
Carter's exchange application was rejected by the Bank of Japan!

The reason is even more nonsense: anti-money laundering!
When receiving this receipt, Carter had a cerebral hemorrhage on the spot.At that moment, Carter deeply understood why those capitalists in the United States are so fond of making trouble!I especially like to go to other people's homes to make wind and rain.
Isn't this a joke? !

In such a country where the local currency cannot be exchanged freely, I am really aggrieved!
Even if you see a good opportunity, you dare not take it.Once it is on, it may be the situation that Carter encountered.
The money is earned, but you can't take it away!
(End of this chapter)