Revisiting Future Path

No. 201 is a good doctor

With this compliment, Paulson's conversation changed abruptly: "But the matter is more serious than we thought. I hope that the Rose Fund can stop."

Paulson did not threaten Wei Dongsheng.

Paulson is familiar with Wall Street's nasty. As long as the Rose Fund is willing to make a profit, there must be countless hedge funds and even Goldman Sachs, Morgan Stanley and other investment banks willing to take over short contracts with a paper value of more than 70 billion US dollars. Paulson never expected to resolve the financial turmoil by stopping the Rose Fund. He came to participate in the Olympics and he came to meet Wei Dongsheng, all with other purposes.

It can even be said that Paulson’s selfless solution to the financial crisis will not benefit Paulson, nor is it his style of behavior.

The post of Secretary of the Treasury does not deserve Paulson's dedication to it.

Wei Dongsheng was keenly aware of Paulson's external rigidity and internal flexibility, and Mr. Good Cooperating to answer: "There is a two thousand-year-old classic "Han Feizi" in our country. There is a persuasive story "Bian Que Meets Cai Huan Gong" in it."

"When Bian Que first saw Cai Huan, he said:'You have a disease, and you will be afraid if you fail to cure it.' Huanhou said:'No one is sick.' When Bian Que came out, Huan Hou said:'The doctors are good to cure the disease. Think of it.'"

"On the tenth day, Bian Que saw Cai Huangong again, saying,'Your disease is in the skin, and if it is not cured, it will deepen.' Huanhou should not. Bian Que came out, and Huanhou was unhappy."

"On the tenth day, Bian Que will meet Cai Huangong again, saying,'The monarch's disease lies in the stomach, and if it is incurable, it will be deepened.' Huanhou shouldn't. Huanhou was unhappy when Bianque came out.

"On the tenth day, Bian Que looked at Huanhou and went away. Huanhou asked people to ask him, Bian Que said: "Illness lies in the law, and the soup can be ironed; in the skin, the needle and stone can be reached; The stomach and intestines are within the reach of the fire; in the bone marrow, where the commander belongs, there is no alternative. Today in the bone marrow, the ministers are not invited.

"On the fifth day of residence, Huan Gong's body was in pain, causing people to Suo Bianque. He has escaped to Qin Yun, and Huanhou died."

The female translator did not change her face and translated "Bian Que See Cai Huan Gong" recitation by Wei Dongsheng into modern English. Some words she translated were not appropriate, such as translating Cai Huan into the King Huan of Cai State, translating Li Li into skin, and so on. The female translator must know the mess of her translation, but she has superb business skills, she speaks messy vocabulary, but her cheeks are full of self-confidence. Of course, this short story does not need to be accurately translated by a female translator.

It was enough for Paulson to understand the general meaning.

Wei Dongsheng finished reciting "Bian Que Meets Cai Huan Gong", and he defended himself: "I don't like short-selling, or even finance, but finance is an important part of business. I can't ignore its existence because I don't like it. There is a sentence from China. The old saying goes, “If you don’t be good, you are good medicine.” I don’t understand politics or medicine, but I believe I have a certain say in business and capital.”

Paulson praised Wei Dongsheng: "Of course."

Paulson's compliment is a genuine compliment. Wei Dongsheng started his business in 2002, and became the richest man in China in three years by expanding Chunqiu Internet. In another three years, he expanded Chunqiu Search and climbed to the 55th place on the global rich list with a net worth of US$13.59 billion. In contrast, Paulson has only accumulated $500 million in assets after 32 years at Goldman Sachs.

The capital market regards capital as a hero, and Paulson is not qualified to abandon Wei Dongsheng.

The reason why Paulson did not bully Wei Dongsheng was also because he knew that the position of the Minister of Finance was not worth money. Instead of working hard to make enemies with Wei Dongsheng, he should take the opportunity to enter into a certain personal relationship with Wei Dongsheng. After all, the future is unpredictable. After Paulson resigns, he may still go to the Rose Fund to discuss life.

Wei Dongsheng continued to defend himself: "Please believe me, I am not short for short."

"The reason why the market brews an economic crisis is because it got sick."

"I am not shorting for the sake of shorting, but I want to let everyone know that the mortgage market is sick, and that the financial market is sick in the form of shorting. I am a doctor, a doctor who treats patients in a market economy. 2006 In July, I diagnosed that the housing loan market was ill, considering that the world would ignore my correct judgment, and I had no choice but to go short and alert the world. In July 2007, the disease had evolved from being on the skin to being on the skin, but the Fed took it seriously. It was treated as a minor illness, and I had no choice but to continue to short the financial market; to this day, the illness has evolved from the skin to the stomach and intestines. If it is dead, it will deepen."

"I am a doctor, not a speculator. Please believe me. I want the market to be stable more than anyone else. I am not Soros. I don't need to be scammed and speculative for profit. In fact, Forbes valued me. 13.59 billion US dollars, all from industry and Internet innovation."

"I can diagnose and be more willing to treat."

"I am very willing to quell the financial crisis."

"The problem is that the disease is in the stomach and intestines, and you are still prescribing prescriptions for the disease in the skin. Your treatment plan will only temporarily relieve the signs. Other forms of economic crisis will inevitably break out in 2009. Such a temporary cure does not cure the root. What is the effect of our medical plan?"

"If you want to cure it, you should give heavy medicine based on the judgment of'the disease is in the stomach.'"

Paulson's attitude tended to ease: "I think I understand what you mean, how do you think the Ministry of Finance should treat the illness?"

Wei Dongsheng said lightly: "Shut down and change investment banks such as Goldman Sachs, Morgan Stanley, Merrill Lynch, and Lehman Brothers."

Paulson laughed blankly: "Mr. Wei Dongsheng, you are joking."

Wei Dongsheng once again quoted the last sentence of "Bian Que Seeing Cai Huan Gong" in a plain tone: "After living for five days, Huan Gong's body hurts, causing Bian Que to escape, and Huan Hou died."

After that, Wei Dongsheng added his own opinion: "You will do this."

Wei Dongsheng stood up and said goodbye to Paulson: "I have already said what should be said, so let's stop here."

Paulson blocked: "Wait."

Without waiting for Paulson to ask questions, Wei Dongsheng took the lead in giving a promise: "The Rose Foundation cooperated with the US government to rescue the market."

After all, Wei Dongsheng quickened his pace and left the shabby drawing room.

How can I think that when I just walked out, a staff member at the door told Wei Dongsheng in a non-refusal manner: "Mr. Wei Dongsheng, Shoufu wants to meet you."

Wei Dongsheng shrugged helplessly and motioned for the staff to lead the way.

When Wei Dongsheng saw the cabinet chief, the cabinet chief was talking to another cabinet elder. I caught a glimpse of Wei Dongsheng walking by, and the elders of the cabinet left for a while, leaving room for the cabinet chief to meet Wei Dongsheng. The cabinet chief shook hands with Wei Dongsheng with his usual amiable and affectionate smile: "Paulson didn't bully others, right?"

Wei Dongsheng: "No."

Prime Minister of the Cabinet: "When Paulson asked to meet you alone, I warned him that you are a treasure of our country."

Wei Dongsheng: "Thank you Shoufu for your concern."

The head of the cabinet changed his mind quickly and the topic changed quickly: "Listen to Paulson, the Rose Fund is managed by Gong Qiuqiu in the face, but you secretly preside over it?"

There is no way to cover up these basic information, and there is no need to cover up.

Wei Dongsheng acknowledged it, but deliberately avoided the importance: "It is mainly managed by Gong Qiuqiu."

Chief Cabinet Secretary: "I heard that the Rose Fund began shorting the US housing loan market in July 2006. After the Fed rescued the market in 2007, it continued to sell on a large scale?"

Wei Dongsheng did not deny: "Yes."

The cabinet chief nodded: "You have a very strong vision. No wonder you have become the richest man in our country in just a few years."

Wei Dongsheng smiled and said: "The national policy is good."

The topic of the cabinet chief changed: "How much money does the Rose Fund make?"

Wei Dongsheng: "The gambling is not over yet, there is no way to accurately estimate it for the time being."

Chief Cabinet Secretary: "Just talk about it?"

Wei Dongsheng: "Roughly estimated based on current market conditions, the amount on paper is more than 70 billion US dollars."

I don’t know whether I’m really shocked, or his acting is superb. The Prime Minister took a cold breath: "I remember that our country’s foreign exchange reserves in 1995 were only 73.6 billion US dollars."

Wei Dongsheng: "Now and then, at the end of 2007, our country’s foreign exchange reserves have increased to 1.5 trillion U.S. dollars. Furthermore, more than 70 billion U.S. dollars are only on paper. As the financial turmoil intensifies, it is difficult to fulfill all contracts in full. ."

Chief Cabinet Secretary: "Even if one-third of the contract is fulfilled, it is still a huge number."

Wei Dongsheng: "I hope I can fulfill one third of the contract."

The cabinet chief suddenly changed his face, and solemnly said: "Short-selling is after all speculation, and steady development is the most important thing."

Wei Dongsheng tried his best to keep up with the thinking of the cabinet chief: "The first assistant taught me."

Chief Cabinet Secretary: "Have you negotiated with Paulson?"

Wei Dongsheng: "The Rose Fund promises to cooperate with the US government to rescue the market."

The cabinet chief nodded: "This is very good. The world needs stability."

Wei Dongsheng: "The first assistant taught me."

The cabinet chief suddenly changed his attitude: "But Paulson can't be too pleased."

Wei Dongsheng did not understand the meaning of the cabinet chief, so he asked, "What does the first assistant mean...?"

The first assistant of the cabinet: "Cooperate and fight, fight in cooperation, and cooperate in struggle. The world needs stability, but Rose Fund is a hedge fund after all. If it does not affect the overall situation, it still needs to give priority to profit when making profits."

Wei Dongsheng understood a bit, but also a bit at a loss: "The junior is dull, please let the first assistant express it."

The cabinet chief did not answer, and instead started a new topic: "I remember, you seem to have some knowledge of our country’s stock market. In March 2007, you said that the economic foundation is not enough to maintain the Shenhai Securities Index above 4000 points. Later, as you predicted, the stock market quickly dropped below 4000 points after a period of inflated highs. After the Shenhai Securities Index fell below 3,500 points, many experts and scholars frequently called on the government to rescue the market. There are ups and downs, the government should not save it, it can’t save it, it doesn’t have to be saved'. What about your point of view, can you talk about it?"

If you like to re-take the road of the future, please collect it: (wuxiaspot.com) Re-take the road of the future. The literature is updated fastest.