Siheyuan: Rebirth of a comfortable life starts with Shazhu

He Yuzhu was taken to a mysterious place for a meeting.

This time it is quite serious and the standards are quite high.

There was a pile of documents in front of each person.
When He Yuzhu opened it, he saw that it contained information about the depreciation of various currencies in the world and the rising prices of various resource commodities.

He Yuzhu had a vague memory of the person who presided over the meeting. It might be that he had seen him somewhere in his previous life, but he was not sure.

Some people's faces are so common that you can't remember them even if you see them a hundred times.

Comrade Anti-Normal was holding a notebook and sitting in the back row. When he saw He Yuzhu, they nodded to each other.

Instead, He Yuzhu sat in the front with a group of old men. This does not mean that he is more important than Comrade Chang.

But I guess Comrade Chang and the others already know what the situation is, so today they specially invited He Yuzhu and others to come over to discuss it.

The comrade who presided over the meeting spoke first: "Comrades from Hong Kong Island have sent over an early warning.

We think it is very important, so this time we invite comrades who have made certain achievements in economic work to come and discuss it.

……

This is Comrade He Yuzhu from the Sijiucheng TV Factory. Comrade He has made considerable contributions to foreign trade exports.

In the construction of the basic industrial system, he proposed the concept of "small, specialized and precise" and was also an outstanding economic talent.

......"

There were bursts of applause, not only for the introduction of He Yuzhu, but also for the contributions made by other comrades.

However, He Yuzhu was a little confused about these things.

After all, he was engaged in foreign trade and industry only halfway through his career, and he knew nothing about economic work.

There’s nothing he can do about it. Since everyone is applauding, he should just applaud along!
When he was introduced, he just stood up and bowed, it was that simple.

After all the introductions were finished, the host started talking about business.

“…Since the dollar was decoupled from gold, gold has risen from $35 per ounce last year to $70 per ounce this year. …

Crude oil rose 20 percent.

Copper, iron ore and grain prices have all increased by more than 30%.

Comrades, this is a serious situation.

We all started working in the economics field halfway through.

In the past, we only cared about the one and a half acres of land in our own family.

Rarely care about changes outside.

If it weren’t for the reminder from our comrades in Hong Kong, we might have made a big mistake.

We have to think about the future development trend of the world economy. Will this wave of currency depreciation and price increases be like the global financial crisis caused by the American Depression in the 1930s?

..."The host spoke seriously, and He Yuzhu felt that his brain was not enough. When could he, a small cook, get involved in such a big thing?
Since this is a discussion, the host will definitely not be the only one talking about this matter.

After the host explained the background, it was time for various experts, including the "pseudo-expert" He Yuzhu, to speak.

It should be said that there are still talented people in our family.

Several old men, with wrinkled clothes on, analyzed the current economic situation based on the information in their hands and found that it was related to the collapse of the Bretton Woods system.

“…The decoupling of the US dollar from gold has caused capital from all over the world to shift to various minerals for risk aversion.
So we can see that gold has doubled in the past year.

I personally think that the above concerns are correct, and this is indeed a precursor to a global financial crisis." A white-haired old man, with baggy and wrinkled clothes, was flipping through documents while talking.

He might be a little nearsighted, so he looked very closely at the documents.

He spoke incoherently and with some difficulty.

When it was time for He Yuzhu to speak, he subconsciously glanced at Comrade Chang, and almost said the word "help". But Comrade Chang just gave him an encouraging smile, which made He Yuzhu's scalp numb.

He Yuzhu knew a little about this thing, but he didn't know how to explain it!

He Yuzhu stood up, bowed left and right, then scratched his head and said: "...

The analyses made by the comrades just now are all very accurate. I am not a professional in economics, so I can only offer some personal opinions. I hope you will criticize me.

The old comrade just now said that the collapse of the Bretton Woods system is the main reason for the current situation.

……

Then, America should be the largest capital, and they need a safe haven more.

Since they have chosen to decouple from gold, will they choose another resource that is commonly recognized and necessary by the world and re-peg it to the US dollar?

For this resource, America is either the world's largest producer or the world's largest consumer.

The only resources of this type are steel, oil, silver, brass, and food.

If we can determine in advance which resources America will choose, then we are ahead of the world's capital.

We can take a certain degree of initiative.

Also, this comrade just said that we should be prepared to avoid risks.

In fact, we should not only see the dangers, but also the opportunities.

Now, places like America have recognized our place in the big family.

But in fact, we still have limitations in various technologies.

There are many high-tech machines that we cannot buy even with money.

So if things go as everyone imagines, the world financial system will face a systemic crisis in the next two to three years.

All countries that rely on business will find it difficult, so is this an opportunity for us?"

He Yuzhu stuttered at first, but later he spoke more and more fluently, and his memories of his past life became clearer and clearer.

At least He Yuzhu remembered now that after the reform and opening up in his previous life, America seemed to have attached great importance to oil.

Ordinary people all know this, but few people think of this at this point.

"Then Comrade He, what do you think America will use to peg their currency?" Comrade Chang couldn't help but applaud. Regardless of whether He Yuzhu's words were insightful or not, at least He Yuzhu was the only one who didn't just think about defense.

He Yuzhu picked up the teacup and took a sip. What he had just said made his mouth dry.

Half nervous, the other half scared.

After all, He Yuzhu has not yet adapted to such high-level meetings.

He pondered for a moment, then said: "First of all, this resource should be non-renewable, so food can be ruled out.

There was plenty of food in America, but there was plenty elsewhere too.

It would not be in America's interest to tie food to currency.

The remaining silver can also be excluded. Although it is also a precious metal, if America wants to use silver to bind the US dollar, it is not as good as gold.

Copper and iron,

We should now notice a trend that America is now transferring low-end manufacturing to their allies.

Then all that's left is oil!"

(End of this chapter)