Chapter 689: 689

Dictators have different attitudes towards money. Like Pinochet, they often secretly set up their own coffers, especially to buy property "outside", so it is not surprising that after talking about business, the Chilean President really began to "make friends" with Sir Gao, an international business tycoon and banker with universal credit and unfathomable energy.

Of course, little Bush was also the object of Pinochet's deliberate solicitation. After all, the big backer of his dictatorship is the United States.

A big banquet is the meaning of the topic. Since the business is so smooth, Gao Xian suggested that his friends come to be Pinochet's guests. It's worth the trip.

After learning the identity of John King, chairman of the board of directors of British Airways, Pinochet was very surprised. He didn't expect Sir Gao to be accompanied by such a heavyweight.

In fact, if you know the inside story, it is not surprising that Sir Gao and Yi Huirong, members of Parliament, have a close personal relationship with British Prime Minister Margaret Thatcher, and John King is a business person whom Margaret Thatcher appreciates and trusts very much. Naturally, people in a circle will move more.

Pinochet was surprised when little Bush introduced his brother Neil. Sir Gao's relationship with the Bush family was not simple. It turned out that the two sons of American Vice President Bush Sr. followed him on a long-distance trip.

Gao Xian brought Neil Bush out, not just for sightseeing, but to open his eyes to the young and energetic opponent, so as not to cause trouble that can be used as a handle by political enemies.

At present, Neil Bush holds a senior position in the American savings and credit bank. This institution, established in accordance with the Federal Housing Loan Bank Act of 1932, is a little complicated to describe the past and present life, because it is different from commercial banks such as JPMorgan Chase Bank, Morgan bank, Citibank and Bank of America. It was established during the Great Depression to specifically meet the loan needs of Americans who want to buy a house. It is stable and first in operation.

After decades, the American savings and credit bank has gradually formed a very conservative "March 6.3" model, that is, the American savings and credit bank pays 3% interest to depositors; Collect 6% interest from mortgage borrowers; After getting off work at 3 p.m. every day, executives can play golf because the operation mode has been limited and people are idle.

However, the drastic changes in the global economic order in the 1970s brought about a series of changes in the situation, which prompted the U.S. government to lift the restrictions on U.S. savings and credit banks, including the upper limit of 3% of depositors' deposit interest, so that they can get involved in other investments with higher income than housing loans.

In this way, driven by capital greed, the operation of American savings and credit banks has become radical. They feel that they can spend money whenever they make money, even in the field that sounds a little unpopular, including cattle breeding, because the foundation accumulated over the past few decades is strong enough to waste a period of time, but it will explode in the end.

The deposits of American savings and credit banks are really the hard-earned money of ordinary people. At that time, all responsible persons will become the target of public criticism. People like Neil Bush who sit in senior management positions by relying on their family background will only be more sensitive.

Gao Xian means that Neil Bush came out this time to see the looming debt crisis of Latin American countries, and was in awe, so as to get rid of the relationship as soon as possible. After all, the Bush family has their own business. There's no need to get into trouble outside.

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After the banquet began, the networking energy of the "Chicago Boys" circle soon showed up. For example, Sergio spicula, the current Minister of economy and finance of Chile, is an authentic economics disciple trained by the University of Chicago.

The so-called "Chicago boy" refers to the young talents in Latin America funded by the Rockefeller Foundation, Ford Foundation and other organizations. After studying in the United States, they return to their respective countries and work in important departments of the Zhengfu government. There is no need to elaborate on their wisdom, so that they were established only a few years ago. In the current period of Ligen Zhengfu, they are becoming more and more influential traditional foundations, Can't help praising.

In the midst of the toast, sir Gao said recklessly to Sergio spicula: "According to my research, Chile's foreign debt has exceeded US $17 billion. In recent years, Chile's currency and US dollar have implemented a fixed exchange rate, and the value is getting higher and higher. In copper, which has the highest reserves and production in the world, the market has weakened. If it is not handled properly, it will either erupt a banking crisis or evolve into a comprehensive economic crisis."

Sergio spikula replied carelessly: "I believe the market has enough self-regulation ability. At present, the American economy is not contradictory, and President Reagan's policy is liberalism."

Gao Xian smiled. He is really a good apprentice taught by the United States. Look at this trend. Next, Chile will only be more superstitious about liberalism.

But the market certainly has the ability of self-regulation, but there must be at least one premise, that is, the American capital that comes and goes whenever it wants, mercifully does not cut leeks; besides, can the social equity problems such as the widening gap between the rich and the poor during the period of market self-regulation also be laissez faire? Sheep are the only way to shear wool!

You know, after Pinochet launched a bloody military coup and killed the last left-wing government, he privatized the assets previously nationalized, including mines, which greatly won the favor of the United States. He was a "Chicago boy" With the assistance of the, a series of economic policies seem to have achieved good results; but when we look at it in another direction, it is true that the United States no longer engages in destructive activities such as sanctions, and the Chilean economy has improved accordingly.

At this stage, with the severe economic recession in the United States and the monetary contraction policy implemented by the Federal Reserve, the economy of a country seriously bound to the US dollar, such as Chile, is destined to break its muscles and bones. In addition, Pinochet's dictatorship will cause more resentment among the domestic people.

Appreciating the eloquent Pinochet with a smile, he still had some common sense. Out of consideration of his own interests, he interrupted: "the banking industry should pay attention."

Sergio spicula nodded. "If the situation analyzed by Sir Gao really occurs, the Ministry of finance will intervene in the bank."

Pinochet also said to Gao Xian: "the Chilean economy needs more valuable opinions from such excellent bankers as Sir Gao. Of course, it would be better if Sir Gao could come to Chile for direct investment."

"The most famous copper industry in Chile has long been divided up. I'm here to show off my knowledge. In fact, I'm just laying the groundwork for leading the monetary policy on the other side of the Xiangjiang River. I really don't want to go into the muddy water of Chile, which is far away from the emperor." Gao Xian, who sneered at himself, said involuntarily: "of course I'm willing to invest in the country governed by your Excellency the president."

Speaking of this, Gao Xian raised his glass, "please take care of your Excellency the president and several ministers!"

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