As a US-funded enterprise that has entered the island country's financial market, Goldman Sachs has its own building in the Chuo District of Tokyo. It is also rare in Tokyo, where every inch of land is truly valuable.

"Mr. Jiang, this is Bilson, President of Goldman Sachs Island, President of Bilson, and this is Jiang Hui, General Manager of our Guanghui Group."

Although Jiang Hui and his group arrived at Goldman Sachs earlier than planned, they obviously would not be rejected because of the early time. With Kimura's contact, Goldman Sachs staff quickly went downstairs to take Jiang Hui and his group to the exclusive conference room, and the president of Goldman Sachs Island Branch also came to attend the reception more than ten minutes later.

"From the school network to the Meituan network, every Goldman Sachs employee I have come into contact with is an elite. I can always learn new knowledge when communicating with them. I am very happy to be able to go directly to the Goldman Sachs Island Branch today for direct communication. I hope both of us can get a satisfactory result."

Jiang Hui took the initiative to reach out and held it with Bilson, and threw out a sugar-coated bomb.

"Jiang, you are the most talented among all the unicorn companies I know. I have specialized in the situation of various companies under Guanghui Group, especially the exhibitions overseas. Not only in Tianchao, but also in the school network, Meituan, nic, ptat and Twitter, which are under Guanghui Group, are also very surprising in the market share of European and American countries."

Everyone was carrying the flower sedan chair. Bilson was obviously also a master of this. After taking Jiang Hui's sugar-coated shells, he immediately threw them back.

However, although Jiang Hui knew that this was a sugar-coated shell given by others, it at least proved that Guanghui Group was indeed doing a good job in its overseas business exhibition.

In the Internet field, the most popular websites should be Google, Twitter, Yahu, etc. Among them, the second-ranked Twitter is the subsidiary of Guanghui Group. This situation is unique in the Celestial Empire.

Not to mention the present, even the Bat in later generations has very limited influence on the world market.

For example, except for Big 6, there are basically few people who use it, Google occupies an absolute monopoly; and Alibaba cannot beat Amazon outside the Celestial Empire and is not a heavyweight opponent; even the relatively international Penguin Company has very limited influence in the global market.

It is not like Guanghui Group, with international companies one after another. The most important thing is that people can not only take the successful internationalization route, but also lead the trend of the times.

"Just last night, IF announced that the global subprime mortgage crisis is expected to lose one trillion US dollars. Actually, I really want to say that IF is too naive. In this crisis that is even more serious than in 1929, a trillion US dollars is nothing, and throwing it into it will only cause a wave."

After Jiang Hui and Bilson exchanged greetings for a while, the topic began to go up the right path.

"Jiang, although I also think the impact of this subprime mortgage crisis will become very far-reaching, compared with this crisis in 1929, I don't think it can be more serious."

From his perspective, from his perspective, we cannot say that there is any mistake. This is basically the view of most investors on Wall Street today.

Compared with the crisis that began in 1929, everyone thinks this time is just a small storm.

In 1929, the US economy became increasingly prosperous. The average U.S. industrial production index was only 67 in 1921 (1oo from 19 to 1925), but by July 1928 it had risen to 11o, and by June 1929 it rose to 126. What impressed people more was the market trend of the US stock market.

Industrialists, pedantic economists and government leaders all expressed confidence in the future. Finance Minister Andrew Mellon also assured the public in September 1929: "There is no reason to worry now, and the culmination of this prosperity will continue."

On January 29, 1929, crowds gathered on Wall Street in New York, and the stock market plummeted that day. The Great Depression in the United States exhausted the capital that the United States could have invested in Europe.

In the fall of 1929, the stock market prices fell to their lowest point, and the global economic depression followed, and the intensity and duration of the depression were unprecedented. One reason for this unexpected ending seemed to be a serious international economic imbalance, which was developed when the United States became a creditor country on a large scale after World War I.

Britain was a creditor country before the war, but it used income from overseas investment and loans to pay for long-term income. On the contrary, the United States usually had a trade surplus, and due to domestic political reasons, tariffs were kept at a high level, so this trade surplus was increased. In addition, in the 1920s, as many countries paid war debts, money continued to flow into the United States; the United States' gold storage increased from US$1.924 billion to US$4.499 billion between 1913 and 1924, which is half of the world's total gold storage.

For several years, this imbalance was offset by large-scale loans and investments from the United States abroad; between 1925 and 1928, the average annual foreign investment in the United States reached $1.1 billion. Of course, this situation eventually strengthened the imbalance and could not continue indefinitely. As payments expired, debtor countries had to reduce imports from the United States, and some economic sectors of the United States, especially agriculture, were damaged. In addition, some felt that they had to default on their debt, which shook some financial companies in the United States.

The weakness of the U.S. banking industry was the last factor that led to the collapse of the stock market in 1929. At that time, many independent banks were operating, and some banks lacked enough financial resources to overcome the financial crisis. Therefore, when a bank went bankrupt, panic spread and depositors would rush to other banks to withdraw deposits, which led to a chain reaction that destroyed the entire financial structure.

Then the American people ushered in "Black Thursday" and the stock market collapsed!

The great collapse of the stock market led to a four-year Great Depression, and the economic crisis quickly spread from the United States to other industrial countries. For millions of people, life became a struggle for food, clothing and housing. In order to safeguard their own interests, countries have strengthened trade protection measures and means, further aggravated and worsened the world economic situation. This is an important source of the outbreak of World War II.

It can be said that the crisis that began in 1929 changed the economic and world pattern in the next few decades, and had a significant impact on the global political and economic environment throughout the 20th century.

In April 2018, no one would believe that the impact of this subprime mortgage crisis would be comparable to the Great Depression.

From the perspective of later generations, 2OO8 years will be revealed, which is actually an important turning point in the global political and economic environment. After that, the global situation has obviously become more turbulent, and the economic situation of various countries has ushered in a new situation.

Some of this new situation are very good, some are very bad!
Chapter completed!