My 1999

#1221 - Stay out of it

Blankfein smiled and took out a bottle of whiskey from the wine cabinet in his office. He first poured a glass for Xu Liang and handed it to him, then poured another glass for himself.

The two stood side by side by the floor-to-ceiling window, looking out at the brightly lit Wall Street.

"It seems that those annoying noises outside have no effect on you at all?"

Blankfein gently swirled the amber wine in the glass and glanced at Xu Liang.

"You too, don't you?"

Xu Liang glanced at Old Man Bei, then raised his head and drank the wine in one gulp.

Blankfein sneered, "We are not treated any better than you are. Now the public is calling for our destruction, our peers are jealous of our immunity, and the SEC is asking us to provide more information about its subprime loan activities.

If nothing goes wrong, a barrage of lawsuits and investigations will follow.”

Xu Liang didn't say anything. Goldman Sachs' problems were much more serious than their hedge funds.

Goldman Sachs promoted subprime mortgage assets to investors on the one hand, and shorted them heavily on the other hand, which raises strong suspicion of concealing information.

However, the company has deep roots, and the lawsuits and investigations are just formalities. They will not cause any serious damage to Goldman Sachs, but will only make it notorious.

Blankfein turned around, picked up the bottle, and refilled a glass for Xu Liang and himself.

"Do you want to continue the action?"

"Of course, why do you want to stop?"

Looking at Xu Liang's confident tone, Blankfein smiled and said, "You are really fearless!"

“I only respect the dollar!”

Xu Liang picked up the cup and clinked it with Blankfein, who burst into laughter after realizing what was happening.

"I like dealing with young people like you."

Blankfein looked at Xu Liang with a smile on his face, "If you are not sure how to handle this trouble, you can ask us for help."

Xu Liang smiled and said, "Thank you! I believe we can handle it."

Blankfein nodded slightly and said nothing more.

After taking a sip of the wine in the glass, Xu Liang said calmly.

"I heard that Bear Stearns can no longer hold on?"

Blankfein's hand holding the wine glass paused for a moment, but he quickly regained his composure and took a sip.

"Why do you say that?"

"Lloyd, with Goldman Sachs's background on Wall Street, I don't believe you are not aware of this. Otherwise, I will have to examine the necessity and safety of Hanhua's cooperation with you."

"Haha, Xu, don't be so sensitive." After a pause, "Bear Stearns' problems are indeed very serious. They are too deeply involved in subprime mortgages.

The asset portfolio of up to US$200 billion included a large number of toxic assets including collateralized debt obligations (CDOs). As investors' confidence in the company declined and they cashed out a large amount of cash, Bear Stearns' cash reserves were basically zero, and it faced bankruptcy.

But the government is worried that the collapse of Bear Stearns will have a serious impact on the financial markets that have finally returned to stability, causing serious financial shocks.

So we are actively discussing the rescue plan for Bear Stearns.

However, Bear Stearns' debt ratio was too high, and there were only a few banks in the country with sufficient reserves, so Bear Stearns has not escaped the quagmire of bankruptcy. "

Blankfein turned his head and smiled, "How is it? Are you satisfied with my answer?"

Xu Liang smiled and nodded, "Does that mean there is a great possibility that Bear Stearns will go bankrupt?"

“Unless there is a banking institution willing to take on $30 billion in liabilities.”

"The banks will definitely not want to do that, otherwise the shareholders will revolt. Unless the government backs them up."

Blankfein's heart moved, "Xu, do you know something?"

Seeing him staring at him, Xu Liang smiled in his heart. He certainly knew the ending of Bear Stearns, but he wanted to keep a little mystery for the other party.

"Lloyd, I'm just guessing. As you said, the government doesn't want to see the collapse of Bear Stearns impact the financial markets that have finally stabilized."

Blankfein instinctively didn't believe it, but the other party's sincere words made him unable to think of a better explanation.

"Xu, you are more perceptive than I thought!"

"Thank you for the compliment. If it weren't for my innate sensitivity to the financial market, I wouldn't be in my current position."

Li Jinling came over to report.

"Mr. Xu, the strategic consulting department of Hanhua and Hongyan reported that the prices of staple foods such as wheat and corn have risen sharply around the world. The current wheat price has increased from US$793 per ton at the beginning of March to US$1,028 per ton.

The price of corn has risen from $467 per ton at the beginning of the month to $608 per ton now.

Hanhua and Hongyan predict that due to the European "new energy plan" and the impact of production cuts in major grain exporting countries around the world, global staple food prices will continue to rise, but the risk of entering the market now is high. "

Xu Liang watched the laptop upload real analysis data.

After reading it, he took out his cell phone and called Qiu Mingcheng of Fengshou Agricultural Group.

The phone rang for a while and then it got through.

"Mr. Xu."

“Did you know that the price of staple food has risen sharply around the world?”

"Yes, and this matter was fueled by the four major grain merchants."

Being involved in it, Qiu Mingcheng knows the whole story better than the outsiders.

“Are our supplies adequate?”

"Basically, there is no problem. We already have a certain amount of soybean and corn reserves. With our support, Brazil's Amaggi has been continuously acquiring small and medium-sized agricultural companies over the years. It now owns 720,000 hectares and produces 324,000 tons of soybeans and 1.29 million tons of corn annually.

In addition, Brazil's Harvest Export Company can provide 724,000 tons of soybeans, as well as 4.29 million tons of corn, 1.12 million tons of wheat, and 140,000 tons of sunflower oil.

Harvest Argentina is currently the fifth largest grain exporter in Argentina, exporting 4.72 million tons of corn, 890,000 tons of wheat, 430,000 tons of soybeans and 70,000 tons of sunflower oil annually.

In addition, our subsidiaries in Southeast Asia and Africa can basically meet 67% of our production requirements. In addition, the domestic farmers who have signed contracts with us will not be affected in terms of production.

But the rise in raw material prices will increase our costs, although we can pass this part of the cost on to consumers by raising prices.

But for the sake of the company's reputation, we can't raise the price too much.

Therefore, our profits will be affected to a certain extent this year.”

"The reputation of Fengshou Agriculture is the most important, so we can allow the profit to be lower." Xu Liang said.

He runs a century-old company and doesn't care about temporary gains or losses.

"clear."

“How is the development of Southeast Asian market going so far?”

"We have acquired some local breeding companies and currently have a breeding scale of 1.3 million pigs, 230,000 cattle, and 8.42 million chickens in Southeast Asian countries.

At the same time, we have also acquired some local small and medium-sized grain and oil enterprises and condiment companies. Next, we plan to gradually replace these brands with our own brands under Fengshou, and continue to expand the market through marketing and continuous mergers and acquisitions.

The latest novel is published first on Liu9shuba!

Currently, the revenue from the Southeast Asian market accounts for 15.3% of the total revenue of Harvest Agriculture Group. This year, our plan is to increase the revenue of the Southeast Asian segment by 5 percentage points to one-fifth of the total revenue. "

After a brief thought, Xu Liang said, “It is right to expand overseas markets through mergers and acquisitions and restructuring, but there is no need to replace all these brands with Fengshou’s existing brands.

This wastes the goodwill accumulated by the original brand over the years and is an invisible loss to us.

Therefore, my opinion is to retain these brands that have already opened up the market, and continue to enhance brand influence and sales through continuous mergers and acquisitions, expansion of production, and continuous marketing investment, in conjunction with the channels of Kanghua and Yihaodian. "

Xu Liang still draws on domestic examples.

Especially in the fast-moving consumer goods sector.

China Toothpaste, Dabao, Shuanghui, Harbin Beer, etc. are the best examples.

However, in this life, due to Xu Liang's intervention, Shuanghui and Harbin Beer have changed their ownership.

Qiu Mingcheng also understood the boss's concerns.

Local brands are more easily accepted by local people emotionally.

"Mr. Qiu, the international situation is not very good recently. The company needs to retain enough cash to deal with various emergencies. The pace of mergers and acquisitions and restructuring should be appropriately slowed down. Unless it is a high-quality project, other projects can be temporarily abandoned."

"clear."

Qiu Mingcheng certainly knew that his boss was not optimistic about the US subprime mortgage market, so he wisely did not ask any more questions.

After hanging up the phone, Xu Liang pondered for a moment.

"Sister Li, please send an email to Hanhua and Hongyan in my name. No one is allowed to enter the global staple food futures market."

In 2003 and 2004, the four major grain traders were able to reap the Chinese market.

A very important reason is that China has just joined the WTO and is like a newbie in the business world, having never experienced the ups and downs of the global business world.

I didn’t expect foreign capitalists to be so cruel!

I suffered a great loss all of a sudden.

Of course, there is another very important point, perhaps the most important point.

Soybeans are not a staple crop in China.

Years of historical experience have told Chinese officials, and even the academic community, that the top priority is to ensure that the people have enough food to eat.

Corn, wheat and rice are China's top priorities.

Soybean reserves are not high and receive relatively little attention.

As a result, they were caught by foreign countries at once and suffered heavy losses.

If the four major grain traders had targeted the three major staple crops, they would definitely have been taught a lesson by the University of Tokyo.

Therefore, Xu Liang did not want to get involved in the conspiracy of the four major grain merchants. He was bound to suffer a bloody defeat in front of Dongda, which had always liked to hoard grain.

Just watch the fun from the sidelines, there's no need to get yourself covered in blood.

Moreover, Todai has already suffered a loss once, and the same thing will never happen a second time.

——

Iris Club.

In an elegantly decorated room with exquisite paintings, sculptures and porcelain in the corners.

Gray Godwin crossed his legs and puffed on his cigar. Light blue smoke rose up and floated in the air like a cloud.

"This time, Jin Caesar didn't get involved?!"

"He's a mercenary bastard with a keen sense of smell and more cunning than a snake. There's no reason for him to give up such a good opportunity to make money." John Bell said in a rough voice.

"I think so too, but maybe we haven't noticed it. After all, the current Golden Caesar is no longer the same Golden Caesar as before.

His power and influence have expanded hundreds of times over the years, and no one knows how many shadow funds and companies he has around the world." Louis Dreyfus CEO Nashat Cooney said slowly.

"Hehe, never mind. Our layout has been completed anyway. Even God can't stop us from making money." Cargill CEO Suresh Mack laughed unbridledly.

As soon as these words were spoken, smiles appeared on the faces of the four people at the same time.

"Soros's side..."

Godwin's hesitant words instantly quieted the atmosphere in the room.

“I’m not going. That guy is old and no longer has the courage to confront Golden Caesar head-on. He just wants to use some tricks to cause trouble for him.

Don’t you think about how many powerful people Jin Caesar’s Pacific Fund and Qinglong Fund have attracted?

As long as Jin Caesar's Hanhua does not suffer huge losses, he will always be a guest of honor among the world's dignitaries.

And how many more years can Soros last?

On one side is the sun at its zenith, on the other side is the sun setting, and smart people know which one to choose.” Suresh Mac said bluntly.

"Mike is right. Our main goal now is Project Sickle. We cannot be distracted any more." Nashat Kuni made the final decision.

After hearing this, Gray and John Bell nodded in agreement.

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