Chapter 122 Who is the biggest beneficiary in a low IQ society? - investment funds

With regard to foreign investors and investment funds, we should not look at them separately. Roughly separated, the investment fund is the third party that benefits. Although it is an investment fund, it is Japanese who operate these funds, and their approach just takes advantage of the loopholes in the Japanese market. The most obvious example is Murakami Yoshiaki and his accomplice Horie Takafumi.Looked at another way, among all the weak Japanese, what they have done seems very remarkable.Because generally only foreign capital has such investment acumen, they are very conspicuous. As mentioned earlier, some people think that there is a "gold rush" in the Japanese market.In other words, the party that can rampage in this market is the winner.Murakami Fund and Horie Takafumi just because they bumped too far and had too much fun.

In fact, the actual business of foreign funds, such as the American hedge fund Steel Partner, etc., are all operated by Japanese.They just imitated the United States. On the one hand, they combined with the United States, and on the other hand, they obtained funds from Japanese banks and trading companies. Transferring depositors' savings through government funds and a zero-interest rate policy—banks that deal with bad debt in this way must lend money because low interest rates on government bonds can't earn high yields.So, take out a loan if the fund can bring you a high interest rate.

Moreover, the Financial Services Agency, which has a history of dealing with non-performing creditor's rights, has taken a tough stance towards banks by "checking non-performing creditor's rights and asking borrowers to pay advance payments", but it is very lenient towards funds.If the repayment period is set at 5 years, there will really be no investigation within 5 years (the financial summit meeting held after the financial crisis in November 2008 did not formulate specific methods for managing hedge funds). If so, the money saved by ordinary Japanese citizens would benefit in the fund.

But what do ordinary citizens think of this trend?They thought, "Takafumi Horie has served his sentence, and Seaki Murakami has also served his sentence", "Fortunately, I didn't do anything stupid", so they put their money in the bank even at zero interest.In other words, they are simply "spectators". "Money earned with sweat is clean, and money earned without labor is dirty." This can be said to be a value that the Japanese "believe in".In a sense, this is true, but is it really good? "The real money is the money you work hard for every day, and the money you earn through funds is dirty. Fund investing is a crime, or I'm doing the right thing."—This thinking dominates most people, and it's true Is it a good thing?

Many investment funds have suffered heavy losses due to the impact of the financial crisis.German Finance Minister Steinbrück criticized US investment banks and politicians, saying: "The culprit of the financial crisis is Anglo-Saxon capitalism, that is, money worship of 'get something for nothing'." Some people think that "all funds have failed, and the era of funds is over." However, except for some funds such as China and Lehman, other funds are still profitable in Japan.Even though the loss in the United States is huge, it can still make a profit in Japan.So, they rushed to speed up "Japan sales" to make a profit.

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