In some articles that Jester had read in China in later generations, many articles said that the Plaza Accord was a Western country led by the United States forcing the yen to appreciate. In fact, this is a big mistake. The essence of the Plaza Accord is that the United States requires governments to not collect the US dollar anymore. In short, it means not to store so much US dollar reserves, and the consequence of requiring countries not to collect the US dollar is the depreciation of the US dollar.

As the only international currency, the importance of the US dollar in the world economy is self-evident. With the depreciation of the US dollar, the currencies of other countries will naturally appreciate relative to the US dollar. Because the US dollar is used as a comparison, there is a saying that the square agreement is to force the appreciation of the yen.

In fact, within two years after the signing of the Plaza Agreement, the German Mark and French Franc both doubled their appreciation compared to the US dollar, which was comparable to the Japanese yen, and the British pound appreciated slightly less, which may be because the United Kingdom was also in a period of reform and transformation during this period.

But here's the question, why is the Plaza Accord a disaster for Japan but not irrelevant to Germany? The Germans even undertake the task of rebuilding East Germany by the merger of the two Germans. After all, the reason why the Plaza Accord was born was because of the strength of these two emerging post-war countries in terms of economy, especially in export trade.

Of course, this is another problem.

Jester said that if the US government really did this, it would be a conspiracy against Japan or Germany. Perhaps it would be inappropriate to say that the conspiracy was not appropriate, and it might be better to say that the conspiracy was open. The difference was whether these two countries could continue to follow the scripts arranged by the Americans.

The result was that the Germans did not, and the Japanese left.

When many people talk about this event that was crucial to the world economy in the mid-1980s, they always talk about the square agreement, but intentionally or unintentionally ignore the signing of another agreement two years after the square agreement was signed.

What the Plaza Agreement wants to do is to depreciate the US dollar and then reverse the US trade deficit, thereby revitalizing the world economy. However, from the two years after the agreement was signed, in addition to the appreciation of currencies in various countries that had a certain impact on the exports of various countries, the US trade deficit did not change to a large extent, so in 1987, in Paris, France, this time, the G7 member states jointly signed a new agreement - the Louvre Agreement.

The content of the Louvre Agreement is basically the same as the Plaza Agreement. The Plaza Agreement requires the depreciation of the US dollar, while the Louvre Agreement requires the depreciation of the US dollar. But the problem is here. Once a thing begins and forms an inertia, it cannot be solved so easily.

Sandy Will looked at Jester with a flash of eyes and didn't know if he was thinking about some society. Jester was sitting on the side silently, not taking the initiative to speak, allowing the other party to carefully understand what he meant by sheeping. After a long time, Sandy Will seemed to have a clear look on his face, and the look he looked at Jester became even more unpredictable.

Now that the remarks about the depreciation of the US dollar are everywhere, it is not surprising that Jester can know that the federal government will make big moves about it, but he was surprised that Jester could see so many things that ordinary people could not imagine from the depreciation of the US dollar, for example, as he said, if the United States really contributes to the depreciation of the US dollar, then this is the beginning of a conspiracy for some countries.

After pondering for a moment, Sandy Will asked hesitantly: "Jess, you said sheep sheep, so where is that sheep? West? Or East?"

Jester smiled, and he replied indifferently: "Grandpa Sandy, is there any difference? No matter which of these two countries follows our established script, there will be no difference in the ending. Of course, I am more optimistic that the country in the East will continue to follow the established script."

When Sandy Will nodded silently after hearing Jester's reply, obviously, he also thought so.

Although they were two sheep, they were two extremely healthy sheep. They were lively and jumping. Due to various restrictions, the American breeder could not use weapons to slaughter the sheep and cut them. This lost the meaning of being kept in captivity. Therefore, if you want to cut off these wool, you naturally have to find a way to prevent these two sheep from being so healthy and so lively.

The problem is here. If the economies of these two countries continue to follow this safe and stable model, it is obviously not the situation the United States wants. Therefore, the US government must add some variables in the middle. In fact, this variable can only be said to be an introduction. What is the impact on these two sheep is not entirely due to the control of the Americans. What is the outcome, it is the choice of these two sheep.

Otherwise, the United States would have no choice but to do anything to them.

After the agreement between the Germans and the Japanese in the square, in order to ensure their domestic economic strength, they chose a completely different way of dealing with it. The result was that the Germans were irrelevant, but the Japanese fell down ten years later, and the saying that the lost ten years has been widely circulated since then.

These things are too far-reaching, and there is no need for Jester to say them. This time he came to see Sandy Will not discuss these things.

So, Jester took the initiative to change the topic. Instead of striking around the bush, he spoke straight to the point: "I heard that Grandpa Sandy planned to start a new business before, but I wonder if I can participate in one?"

Hearing Jester's words, Sandy Will laughed.

He knew how big the Jester family business is now, and what he needed most to make a comeback was money. Although he received a lot of compensation according to the agreement signed before, he could not get enough compensation for him to live a peaceful life for the rest of his life, but this was not the life he wanted.

But this money is too rare for a financial company that he can take seriously. In the original history, during the unemployment period of more than ten months from 1985 to 1986, it was precisely because of the insufficient start-up capital that he did not immediately make a comeback. Instead, it was delayed until 1986. When two financial managers of commercial credit companies visited Jester with the article "Sandy Will: A Rare Manager" mentioned by Jester, Sandy Will seized such a once-in-a-lifetime opportunity.

Sandy Will did not directly agree or disagree. Instead, he smiled and asked Jester: "You think that if I, a loser who was swept out by Wall Street, wants to prove to those fools who steal high positions that they kicked me out, where should I start?"

Jester was not an excellent financier. He couldn't even be said to be financially knowledgeable, but the thing he had is that he was familiar with and knew something crucial. So, facing the problem of Sandy Will, Jester calmly took out a pen from his pocket, carefully and seriously put a company name in the blank space in the New York Times sidebar that Sandy Will had spread, and also used a pen to circle the article he had discussed with the other party about Japan's trade surplus and the US trade deficit.

“Commercial Credit Company?”

Sandy Will looked at the name of the unknown company written by Jester, and he even glanced at Jester in surprise again. In fact, if it weren't for people in the financial circle or people who had no knowledge of the financial circle, he would never have any understanding of this company that was already in trouble.

The reason why Jester knew about commercial credit companies was because Sandy Will started here. Later, the predecessor of the famous Traveler Group was also the predecessor of this company that had no money to make ends meet. So when Jester heard Sandy Will's replies, he nodded firmly and repeated what the other party had just said. The difference was that Jester had no doubts.

“Yes, a commercial credit company.”

Sandy Will, who received Jester's accurate answer, pondered first, and he knew the company. In fact, before he left Yuntong, he knew many things about commercial credit companies. At that time, Yuntong had a crush on commercial credit companies, and the data control company, the parent company of the commercial credit company, was not satisfied with the losses of the commercial credit company and was interested in selling it.

Sandy Will was responsible for this matter. He patiently conducted a comprehensive investigation of the market assets, management and service quality of commercial credit companies. Through the confusing dust, he saw a little-known high-energy core, whose energy was enough to shock the entire financial service industry.

Indeed, in the eyes of Sandy Will at that time, the commercial credit company was a buried gold mine, but before he could submit the investigation report, rumors spread in the company that he wanted to sweep him out, so the last report Sandy Will was also held in his own hands. Yuntong and the data control company did not reach an agreement on some acquisition issues, and the acquisition was left unresolved.

In Sandy Will's eyes, commercial credit companies are indeed the most suitable tool for him to make a comeback and the most suitable tool for him to avenge Yuntong. However, the problem is that although commercial credit companies are no longer as good as before, their stock price is still twenty dollars, and it is impossible to complete the acquisition based on his own financial resources.

Jester knew that in the original history, Sandy Will was able to complete the acquisition of a commercial credit company because in the second half of 1986, the data control company was really unbearable to the company and directly sold 92% of the shares of the commercial credit company they held, directly causing the share price of the commercial credit company to drop from 20:50 US dollars like a waterfall to 5 US dollars. Sandy Will also took the acquisition at this time, only costing seven million US dollars.

Even the seven million dollars is still the entire wealth of Sandy Will. Jester remembers when he read this story, Sandy Will's most proud disciple, the helm of Morgan in the future, and the owner of JPMorgan Chase, the only profitable Bank of America in the subprime mortgage crisis in 2008, also invested $400,000 and 500,000 to buy stocks of these commercial credit companies that are worthless in the eyes of others.

He even joked with Sandy Will at that time, saying that this was all our property and that if we lost, we would go to beg for food.

Who knew that it was just the first year, under the management of Sandy Will, the greatest manager of the 20th century, the net profit of the commercial credit company exceeded 40 million US dollars. (To be continued)
Chapter completed!