Volume 8 Final Chapter Chapter 1118 Icelandic Style
After two days of dull days, Nan Yi went to school to attend a meeting. The topic was about applying for national scientific research projects. Nan Yi was not qualified to take the lead in the application, and he was not interested in helping others. He just went through the motions, pretending to listen carefully to the leader's speech, and left as soon as the meeting was over.
Nan Yi does not fight for allowances, subsidies, professional title selection, or teacher apartments at school. He does not participate in training courses for candidates involving additional subsidies. He does not have the qualifications to supervise graduate students and does not want to do so. Naturally, he does not receive any subsidies for thesis guidance. Every month, after many deductions, he only receives a salary of about 2,500 yuan plus 120 yuan in class fees. He is very Buddhist.
Buddhist people do not easily make enemies. There will definitely be colleagues who criticize them, but there are probably no one who regards them as an enemy for the time being. Who would be so bored as to be hostile to a Buddhist person with a strong background?
After leaving school, I turned a corner and went to Zhongguancun, and called Tang Lai Di out for a meal. We just chatted about the past and did not talk about business.
Nan Yi hasn't worried about the affairs of Jingda Feilong for a long time. Since Li Weijing took office, Xinxin Investment has taken charge of his personal assets. Li Weijing is very capable and manages everything in an orderly manner.
Over the past ten years, Xin Xin's investments have made profits, and profits have been invested, and he has built a huge industry. According to the asset figures on the Forbes list, Nan Yi's ranking is expected to be around 8th to 7th, barely exceeding 10 billion.
After two thousand years, Nan Yi never had to worry about money. He just spent whatever he could and never went bankrupt. He even had the leisure to divide his personal assets into several unrelated parts - dividends from Snow Mountain Trust, investment from Xinxin, rent, school salary, and part-time job.
Two thousand years later, seeing the housing prices soaring, Nan Yi couldn't bear it after trying to hold back for several times. He entrusted Huang Saner to buy them from north to south. He now had more than 200 property deeds in Huang Xia's name, including villas, apartments, and ordinary houses. He put the houses in the hands of an inheritance agency and didn't ask what the rent was. Anyway, he would get 2.6 million a year.
Nan Yi did not calculate in detail how much money he had. It was impossible to calculate as it changed every minute. Just as he boasted in class, he did invest money in the stock market, but the actual figure should be US$300 million in nominal foreign capital, 100 million entrusted to Fan Hongdou's Quanjun Investment, and 20 million in Zhao Tianyang's Sunshine Investment. From February last year to now, his book profit has been 2.6 times.
Back to Jingda Feilong itself, Nan Yi had already designed the general direction and laid the necessary groundwork. He would not be able to interfere with the details unless he had been in Jingda Feilong for a long time. As for the accounts, Li Weijing would take care of them, so he didn't need to interfere.
Inadvertently, Tang Lai Di mentioned that Liu Daqiang had looked for her to reminisce about the past not long ago. Nan Yi didn't pay much attention to it and just told Tang Lai Di that if Liu Daqiang asked for his contact information, she could give him his number.
In a blink of an eye, Nan Yi was standing in the classroom again, telling the students about Iceland, which had been announced in advance in the previous class.
"Everyone knows that Iceland has become one of the most developed countries, but does anyone know the exact year in which Iceland became a developed country?"
"Teacher Nan, it should be 1994. That year Iceland joined the European Economic Area." Qin Tao stood up and answered after being allowed.
"No, I think it should be 1996..."
“1995.”
Seeing the students below arguing, Nan Yi had to calm everyone down with his hands, "Okay, let's not discuss this issue for now. No matter in which year Iceland joined the ranks of developed countries, it will not affect our study of it. However, for you who study economics, it is very necessary to understand this issue."
Nan Yi wrote the words "developed countries" on the blackboard. "Take this question as the first homework of today's class. When completing the homework, you may want to think about and sketch out the picture of developed countries in your mind instead of explaining the vocabulary."
As he spoke, Nan Yi wrote three more lines of words in a triangular arrangement on the blackboard, "Bank of Iceland, New Kypsin Bank, and New Iceland Nationalbank. These three are the three largest banks in Iceland. They were privatized in 2002, turning state-owned assets into private property. Naturally, those who are close to the water will get the moon first. This saying is true everywhere.
I will not mention the names of the owners of these three banks for now. I am an internationally renowned economist, and what I say may affect the international political and economic landscape and national diplomatic relations. I must be cautious, as one of my words may become the fuse of a world war.
Nan Yi's words caused everyone to laugh.
After a long period of noise, Nan Yi continued his lecture.
"In the Middle Ages, there was a manuscript called the Landnámabók, which means the National Book or the Settlement Book. The Landnámabók records in detail the names, anecdotes and family trees of more than 3,000 of the earliest settlers in Iceland. It also lists more than 1,400 settlements chosen by the settlers. It is one of the earliest historical works in Iceland and even in Northern Europe.
According to the book, Iceland has a history of about 1,100 years. For those who study history, Iceland is already a country with a long history and there is a lot to study. But for you, Iceland is a very young country. You only need to start from 1958 to understand it.
If you stood on the streets of Reykjavik in 1958 and shouted "Fisherman", more than half of the people would probably turn their eyes towards you.
Iceland is a country that is not suitable for agricultural development. In the past, fishery was its pillar industry. Before 1975, most of Iceland's population of about 200,000 were fed by cod and herring. The entire country is closely related to the fishery. If there is no fishing for a week, at least half of the people will starve.
In order to avoid starvation and to compete for fishery resources, Iceland and Britain have had many low-intensity conflicts at sea for quite a long time.
Fishing depends on the weather. You may get half a year's food by just casting a net. Or you may encounter bad weather and get nothing, or even end up being eaten by fish.
Since they depended on the weather for their livelihood, it was unrealistic to expect to live a good life. At the same time, Europe was undergoing industrialization, and the lives of Europeans were thriving. They lived in upstairs and downstairs, with electricity and telephones, and were striding towards the four modernizations.
Nan Yi's words made the students laugh again.
"Iceland has very little industry, and the land is not suitable for agriculture. It can only develop animal husbandry. It is self-sufficient in meat, eggs and protein, but vegetables, fruits and staple food are all imported.
In the late 1960s, Iceland was in a serious economic crisis for the simple reason that herring stocks did not migrate from the Norwegian Sea to Icelandic waters as usual in those years. This led to thousands of Icelanders emigrating overseas, most to Sweden, and the rest to Canada and Australia.
Seeing that their own country's economy was so fragile and a small herring could lead to the destruction of Iceland, people with insight naturally wanted to make changes and find a stable job for Iceland.
For ordinary people, filling their stomachs is the top priority, which is higher than morality and law. The herring economic crisis has given Icelandic fishermen a very strong sense of crisis. They urgently need to enhance their ability to resist risks, that is, to make more money in a limited time.
What should they do? "
Looking at the little eyes in the classroom waiting for the answer, Nan Yi picked up the teacup and took a sip of tea calmly.
"In some sociology books abroad, a word has frequently appeared, involution. You can look up its explanation yourself. I will only give you an example. In order to curry my favor, Qin Tao treated me to two meat dishes and one vegetable dish in the cafeteria. When Du Wenhua saw this, he directly took me to a five-star hotel outside the school and ordered a full table.
Xue Xiaomin, who arrived late, wanted to come up with something new, so she took me on a flight to Dubai and opened eight tables at the seven-star Burj Al Arab Hotel..."
Nan Yi looked at Xue Xiaomin, "Student Xue, please listen carefully. Eight tables, not seven. Not only that, Student Xue has invited 108 female singers from the Arab Song and Dance Troupe to sing "The Woman Under the Mountain is a Tiger"..."
Before Nan Yi could finish his words, the classroom burst into laughter again, and Xue Xiaomin, who was at the center of the vortex, couldn't stop laughing.
"If you want to go to the forest for fun, please remember to travel with at least three people, and the companions you find must not run faster than you. If you are unlucky enough to encounter a blind bear, do not think of resisting, just run as fast as you can. A blind bear's appetite can only eat two people at a time. If it has two prey, it will not chase the third one.
If you run faster than others, you will be safer than others. Apply this to marketing activities. If you sell the same product at a lower price than others, you will naturally sell faster and in larger quantities.
This is what Icelandic fishermen thought and did. They competed to lower prices, which eventually led to a lack of profitability and the fishing industry fell into depression.
Seeing that everyone's life was becoming increasingly difficult, Iceland's knowledgeable people could no longer sit still. They started banging their heads and starting meetings one after another, but after a long time they still couldn't come up with a good solution.
If they couldn’t figure it out themselves, they could only ask for foreign help, so the Icelandic government hired a group of European financial experts to design a very trendy way to privatize the fishery.”
Nan Yi turned around and wrote a few more words on the blackboard.
"A quota is allocated based on each family's previous catch. For example, Qin could only catch 10 tons of fish, Xue could catch 15 tons, and Du could only catch 5 tons. Then the quotas for the three of them are 10 tons, 15 tons, and 5 tons respectively.
If Qin only plans to catch 5 tons this year, the remaining 5 tons of quota can be sold to Du, or the 5 tons of quota can be assetized, which can be used as collateral to obtain a bank loan, or it can be packaged in a fancy way and dressed up as a financial derivative.
Xue, you are from Chuncheng, right?
Xue Xiaomin: “Yes.”
"Have you ever heard your elders mention Clivia?"
"My father told me that he bought a lot of them when they were not worth much, one dollar per pot. My yard is still full of Clivia."
Nan Yi nodded, leaned over and wrote on the blackboard, saying, "Economic activities have been carried out since the time when we humans were still wrapped in animal skins, and in ancient Egypt, ancient Babylon, and the Xia and Shang dynasties, financial bubble economies had already begun to emerge.
Of course, most people prefer to regard the Dutch tulip incident as the earliest example of a financial and economic bubble. If we think and analyze it calmly, we will find a very interesting phenomenon. In fact, all national regimes in the world are playing the economic game of passing the parcel.
I will not mention specific cases. You can think about them on your own. The reason is still the same. I am a world-renowned economist and I have to be extremely cautious in what I say. I will give some smaller examples, such as the Clivia bubble in Chuncheng, the Koi bubble in Jinling, and the IC phone card speculation that some people were playing with seven or eight years ago.
As long as the students here are willing to work together, you can create a new financial bubble. For example, the meal card that each of you has can be used as a hype commodity.
If it is accidentally stained with cabbage juice, it can be classified as a second-class product. If it is stained with braised pork juice, it can be classified as a first-class product. If it falls into the toilet and is fished out and used again, it is amazing and can be classified as a rare treasure. If it is not speculated to be more than 100,000 yuan, it can only be said that you are a great failure and don’t understand economics at all. "
Nan Yi turned the serious class into a stand-up comedy. The students laughed every few minutes, and some laughed until their stomachs hurt or their livers trembled.
In order to prevent the students from laughing themselves sick, Nan Yi moved the following content slightly towards a more stereotyped direction.
“After the privatization of the fishing industry, Iceland’s fishermen ushered in a good era. Many fishermen sold their quotas and made a lot of money out of thin air. Some of the fishermen who did well in the early stages became multimillionaires overnight.
The sudden wealth changed the entire society of Iceland. People all over the world are the same. Once they become financially free, they are willing to spend money on their children and let them receive the best higher education.
Therefore, after the 1970s, most of the new generation in Iceland received higher education, and even doctoral education has become popular. After all, the population is small, having barely exceeded 300,000 this year. If someone has diarrhea one day, the average weight of Icelanders will drop by a few points.
The popularization of higher education has brought about a new problem. Iceland is a small country, without many industrial and mining enterprises, and not much room for development. We cannot let all the graduating college and graduate students go back to the boat to fish.
Before that, the privatization of the fishing industry allowed Icelanders to see the charm of finance. They believed that something could be created out of nothing just by formulating a rule. As a result, most Icelanders reached a consensus to let educated young people engage in finance. After all, finance was not limited to the small country of Iceland.
There is another reason. The Vikings, the ancestors of Icelanders, were full of adventurous genes. Finance is an adventure, and Icelanders are really suitable for finance. "
Nan Yi wrote another name "David Alderson" on the blackboard and drew a horizontal line under the name. "David Alderson was very obsessed with "Free Economics" when he was young. He adhered to economic liberalism and advocated that the economy should be completely determined by the market and the government should not intervene.
Oddsson graduated from the Faculty of Law at the University of Iceland in 1976 and immediately entered politics. He served as mayor of Reykjavik from 1982 to 1991, and later as Prime Minister of Iceland. In terms of political views, he opposed the European Union, advocated integration into NATO, and was a die-hard fan of American imperialism.
Since he came to power, he has used the whole of Iceland as an experiment to test the liberal economics he has always been fascinated with, privatizing the few industries and, four years ago, the banks as well.
Nan Yi pointed to the names of the first three banks written on the blackboard and said, "Three years ago, in 2003, Iceland Bank, New Kypsin Bank and New Iceland National Bank began to enter Wall Street. The management and bankers from Bear Stearns, Lehman Brothers, Goldman Sachs and Morgan sat in the office on Wall Street, smoking cigars, drinking coffee and talking about the world economy.
As far as I know, before 2000, the teachers who taught financial knowledge in Icelandic universities mostly only had knowledge acquired in school, and their knowledge reserves were quite rich. For example, when it came to the planned economy, they could explain the theory and operation principles of the planned economy from a dozen major points and hundreds of minor points. But if you asked them what time the supply and marketing cooperatives opened and how the goods were displayed, they would shake their heads and frankly tell you that they didn't know.
Most of the newer knowledge points are business cases summarized by Harvard Business School. One of the methods of introduction is called multi-level outsourcing, and the people who are actually responsible for collecting and summarizing on the front line are actually Harvard students.
My niece used to do this kind of outsourcing, and it was quite profitable, earning more than $2,000 in one summer vacation... Oh, by the way, my niece studied chemistry."
Noisy again!
“The above paragraph is just a joke. I just want to make it clear to you that the financial elites of Icelandic banks cannot be compared with those of Wall Street. One summarizes theories in practice, while the other goes through three or four detours to learn the theories summarized by the former.
Just like me and some of you classmates sitting together, drinking Longjing tea, and enthusiastically discussing the techniques of playing Nan Yi, maybe some classmates will comment on my acting skills, ah, Teacher Nan, your performance is too awkward, and your eyes are not right when you speak, Nan Yi’s eyes should be like this..."
"Hahaha, oops, no, I can't laugh anymore, hahaha..."
"It's a pity that Mr. Nan doesn't do crosstalk."
"If Teacher Nan performs crosstalk, I will go to support him every day."
“…”
"After getting in touch with the big guys on Wall Street, the Icelandic elites suddenly realized the truth. Wow, it turns out that finance is all about speculation. After returning to Iceland, the enlightened elites began to promote the Wall Street model they knew and called for Iceland to become the financial center of Europe.
The slogan is loud and inspiring, but the elites are the elites. They actually know very well that Iceland cannot be compared with Wall Street. There are many businesses that Wall Street can do but Iceland cannot. Therefore, no matter how fantastic the services provided by Icelandic banks sound, their core business is actually tax avoidance.
Tax avoidance is definitely a necessity for many wealthy people in Europe, and the reason why Iceland stands out from many tax havens is that Icelandic banks have a strategic cooperation agreement with Wall Street investment banks. No matter where the money of Icelandic banks comes from, it can flow into the Wall Street market very conveniently.
International oil prices have been soaring, the subprime mortgage market is thriving, and the United States has been a hot spot for investment in the past two years. A large amount of European funds have flowed into Iceland, and then into the United States and other regions through Iceland, including American real estate, European teams, Danish airlines, Norwegian banks, etc. In recent years, there have been many large-scale acquisitions involving Icelandic banks.
Among the various acquisitions and investments, there were spontaneous actions by customers, as well as Icelandic banks absorbing European funds with high deposit interest rates and encouraging Icelandic people to borrow from banks for various investments through the government;
Among the loans issued, a large portion was lent to agents of bank shareholders or even to agents of the bank itself, that is, the left hand lent to the right hand, and the vast majority of the loaned funds flowed into the US subprime mortgage market.
It just so happens that global asset prices have soared in recent years, and Icelandic banks seem to be making a lot of money. From 2002 to now, their size has increased dozens of times and is now nearly $170 billion.
When Nan Yi said this, the students in the classroom finally understood what he said. Nan Yi went around in circles, but he was still talking about subprime mortgages.
"There are two minutes left before the get out of class ends. We will stop here today. The next class will not be held in the classroom. Let's go to the teahouse. I will treat everyone to Pu'er tea brewed with Yizhaofeng's century-old tea bricks. I bought the tea bricks more than 20 years ago. It cost me half a month's salary at the time."
"Teacher Nan, how much is your tea brick worth now?" Du Wenhua asked.
"I don't know. I haven't taken it to be estimated. Tea is for drinking, not for speculation. The price is not important. Classmates, don't stop me today. The next class will be mainly for chatting. If you have any questions to discuss, you can put them in the next class. I wish you all a happy weekend and see you next week."
After leaving school, Nan Yi flew to New York and went to a house in Great Neck Gardens to attend the meeting of the Magic Coin Group.
Cryptocurrency is a project that Nan Yi has been thinking about for a long time. He had never played with this kind of thing in his previous life, but for him who has had idle funds in his hands for a long time, he will definitely have some understanding of cryptocurrency.
After half a year of observation, he finally came to a conclusion - cryptocurrency is a field for cutting leeks without a referee. It is difficult to grasp the ideas of the "master" for a long time, and then act as an accomplice to cut other leeks and get a share of the profits for oneself.
There is no point in being an accomplice. If you want to be an accomplice, you should be the master who makes the rules. By making good rules and controlling the frequency of harvesting, you can put yourself invincible and harvest leeks comfortably for a long time.
So there was the "Evil Mage Coin Group", which translates to the "Evil Mage" Coin Group. The "Evil" will be hidden from the outside world, and the "Mage" will mean magician. The combination is "MageCoin", magic coin, also known as Mag coin.
"PaPa, do you think the current rules are okay?"
Just listening is listening. Nan Yi and his son Nan Youqiong were in the building next to the one where the meeting was held.
"I'm not good at math, and I can only understand most of the formula above. Ask someone to make a more popular version for me." Nan Yi put away the PDA in his hand, stood up and said, "Come back with me and talk, or let's make an appointment tomorrow?"
"go back."
"Let's go."
The father and son returned to Scarlett Manor in their own cars, lit a bonfire on the dock, set up their fishing rods, and sat by the bonfire drinking and chatting.
"I read your medical examination report on the plane. Please exercise some restraint."
"Hmm." Nan Youqiong shook the bottle, "I just met a new girlfriend and had some fun."
"Actor? Singer?"
"Cop."
"Wow, you're really good at looking for excitement. Be careful."
"The gun is kept safe."
The father and son are thinking on the same channel, and Nan Youqiong can completely keep up with Nan Yi's thinking rhythm.
"Um."
"PaPa, the interests and connections of Magic Coin are huge, and it's not something that the Nan family can take alone. We need partners."
"You have already started your internship as the helmsman of Nan Corporation. You can decide who to work with, but I suggest you bring in the CIA. If you want to gain recognition for the value of Magic Coin, the best way to get in is through drug dealers, arms dealers, terrorist organizations, intelligence organizations, politicians who have defected to their homeland, etc. With the CIA, you can add a firewall and facilitate the promotion of Magic Coin."
"That's what I thought. Once we have a partner, we'll go and negotiate with the CIA."
"After a while, when the initial issues of the magic coin are sorted out, you can withdraw from it and let a dedicated person take charge. The benefits will not be enough for you to care too much about it."
Nan Youqiong nodded and said, "Ruojin called me last week and asked me to borrow money."
