Someone once ranked the major events that happened in the global financial industry in the decade of the 1980s. Among them, the financial foreign ministers of the United States, Japan, the Federation of Germany, France and the United Kingdom signed the "Place Agreement" at the New York Plaza Hotel on September 22, 1985. It is recognized that the event had the greatest impact on the global financial economy in the 1980s.

From the perspective of the time, the signing of the Plaza Agreement did avoid the overheating of the US economy and the overly strong US dollar, and restored the world's temporary economy to a reasonable state. But if we use the perspective of later generations to analyze the release of this agreement, there are actually various disadvantages.

At that time, due to the economic stimulus policy of the Reagan administration, a large amount of international hot money poured into the United States, allowing the US dollar to continue to strengthen, allowing the United States' trade deficit to continue to expand, and the fiscal deficit also increased one day, which eventually made Japan the world's largest creditor country.

The Japanese were probably the craziest people in the world in the 1980s. The rapid growth of the economy and the yen that has been operating at low levels gave Japan a lot of wealth. They waved their checks, bought the Rockefeller Center, the Empire State Building, and Colombia. The real estate value of a small Tokyo is actually more valuable than the real estate in the entire United States.

In this case, how can those vested American interests still sit?

Japan is a small small land of Japan, just a dog raised by our great United States on the west coast of the Pacific Ocean. Now that this dog is full and drinks, why dare you bite me, the owner?

No, this situation is absolutely intolerable!

As a result, many large American manufacturing business owners and members of Congress began to sit still. They lobbyed the US government and strongly demanded that the Reagan administration intervene in the foreign exchange market and depreciate the US dollar in order to save the increasingly depressed American manufacturing industry. Many economists also joined the lobbying government to change the stance of the strong dollar.

As the godson of the United States, when the Japanese saw that their godfather was going to get angry, they naturally did not dare to argue with their godfather. So the Japanese became cowardly. Their then finance minister Takeshita even publicly declared on behalf of the Japanese government that they were willing to cooperate with the depreciation of the US dollar and that they were willing to appreciate the yen.

Since my godson is willing to cooperate, as my godfather, I have to give you face. So, under such circumstances, the "Square Agreement" was finally released.

It is estimated that the G5 Finance Minister who participated in the formulation of the Plaza Accord did not expect that this agreement, which seemed to be very good to all countries at that time, was actually an absolute economic bomb.

Because of the signing of the Plaza Accord, the US dollar plummeted by 20% in just 90 days and the yen appreciated by 20%. If people can restrain their greed a little at this time, then the Plaza Accord did play a positive role. In fact, the appreciation ratio of the yen discussed by various countries in the Plaza Accord is about 20%...

But the terrible thing is that human greed is always endless.

The US dollar plummeted and the yen appreciated, which allowed some vested people to see the huge benefits it brought. Therefore, driven by many vested people, the yen continued to appreciate wildly, from 1 US dollar to 250 yen before the signing of the Plaza Accord in September 1985. In just two years, in September 1987, the exchange ratio between the US dollar and the yen actually reached a terrifying 1 US dollar to 120 yen, and the appreciation of the yen in two years was as high as 111%!

This is really nonsense. You two are not an unknown small country in Africa. They were the two major currencies in the world at that time! One was the world's only settlement currency, the US dollar, and the other was the Japanese yen, the total economic output at that time. How could you two be able to bear it in the world?

As a result, Japan's economy completely fell into a decade of economic stagnation, and later generations even called this decade "the lost decade of Japan."

It’s not easy for Japan to feel good, just like you’re the godfather of the United States? It’s good for you to feel good for other countries that follow the United States to fan the flames? They played too hard, but when Japan was in pain and other developed countries were laughing behind their backs, the stock market crash that affected the world on October 19, 1987 immediately gave these countries a blow!

Ultimately, the fundamental reason for all this lies in the endless greed of those vested interests.

It is no exaggeration to say that the Plaza Agreement signed in September 1985 and the Louvre Agreement signed in February 1987 are tools for a group of vested interests to share the fat piece of Japan, but they played too much, which led to the global stock market crash, and the global economy suffered a heavy blow.

Well, these are a bit too far-fetched. No matter what consequences the Plaza Accord will cause in the end, it will be nothing for Yang Jing!

Just have a few tricks to do it. It is enough to follow behind and secretly drink a few sips of delicious soup.

Seeing that Yang Jing was not speaking for a long time, Cesar coughed and asked, "BOSS, how should we operate? Should we directly hold the yen or operate through foreign exchange futures?"

Cesar's words woke Yang Jing up from his contemplation. He looked at the people around him who were looking at him, smiled slightly, and then said calmly: "Since you want to invest, you naturally cannot use the method of holding currency to operate, as there is too little profit. We use foreign exchange futures to operate this investment."

Hearing this mysterious boss say this, Cesar asked his team members to wave their fists excitedly. Obviously, this more radical and bold operation method is their favorite.

Foreign exchange futures have been born since 1972, and it has been thirteen years since then, and foreign exchange futures have also developed relatively standardizedly. Therefore, it is still possible to use this method to conduct foreign exchange speculation in this era.

However, compared with the speculation method of directly holding currency, foreign exchange futures are undoubtedly more risky. Although foreign exchange futures can use margin leverage trading policies to obtain huge profits, once they are not well grasped, this operation method will make investors become nothing or even heavily in debt overnight.

It is much safer to hold the currency directly. Although it also faces the possibility of losses, it is not as powerful as foreign exchange futures.

In short, these two methods have their pros and cons, and it depends on how the operator chooses.

It’s like in the speculative action of the depreciation of the US dollar and the appreciation of the yen, not only Yang Jing is staring at this area, but also many financial tycoons are also ready to go.

For example, George Soros, who has just emerged in the international financial market.

Yang Jing, who is familiar with this investment operation, is very clear that in the next twenty dollars, that is, in mid-August, Soros' Quantum Fund will hold a large number of depreciating Japanese yen and Sidmarks through mortgage margin credit. By September 5, 1985, Quantum Fund had held a total of nearly US$800 million in two currencies. Among them, the Mark was worth US$491 million and the Japanese yen worth US$308 million.

At that time, Soros was not as radical as he was when he blocked the pound and launched the Southeast Asian financial crisis. He adopted a relatively stable way to hold currency in this investment action.

However, Yang Jing is not Soros. Yang Jing, who is clear about this investment action, would have a golden finger. If he hadn't been concerned about the possibility of triggering a paradox of time and space, he would have played more radically.

But even so, Yang Jing, who has decided to use foreign exchange futures to perform this operation, is still far more radical than George Soros's quantum fund.

Before preparing for this investment, Yang Jing asked the Holy Rings specifically, which gave a very positive answer, "Thanks to your last investment action in London Gold, the loss/return range of your investment action will increase exponentially, that is, it is okay to invest no matter how much you invest, but the losses and profits are best controlled within 10 billion US dollars. If this range exceeds this, there is a possibility of triggering a paradox of time and space!"

Yang Jing still has about 3.6 billion US dollars in hand now, and he decided to invest 3.5 billion US dollars. Although the maximum profit is only 10 billion US dollars, the yield of nearly 300% is still relatively good.

"Today is July 28, Cesar. I ask you five to complete all preparations within one month. I ask you to establish no less than twenty accounts in one month on the London International Financial Futures Exchange, Singapore International Currency Exchange, Tokyo International Financial Futures Exchange, France International Futures Exchange, Chicago Mercantile Exchange and the Philadelphia Futures Exchange, and then allocate the funds I prepared to evenly among these accounts in these six foreign exchange trading markets. Do you understand what my purpose means?"

Cesar smiled and said, "Don't worry, BOSS, with one month's preparation time, I promise that this investment action will never let anyone touch our tail. There are 120 accounts, an average of less than 30 million US dollars per account, which is not noticeable in the huge foreign exchange futures market. However, BOSS, we can be responsible for ensuring that the final profitable funds will escape smoothly, but we cannot guarantee whether the flow of funds will be noticed. In this regard, I think you'd better find Mr. Brad Jones. His method of concealing profitable funds last time was great. If it weren't for him, we wouldn't have escaped the investigation of those investigative agencies."

Yang Jing smiled slightly and said, "Don't worry, since I have summoned you all, how could I forget Mr. Brad Jones? But it's useless for him to come now. After our profit funds escape successfully, that's when Mr. Brad Jones starts fighting. Mike, Mr. Jones will hand it over to you, right?"

"Haha, don't worry, that guy Brad, like Cesar and the others, has been looking forward to your call again."
Chapter completed!