It’s pretty much the same history as the previous life.
On August 15th, U.S. time, although it had just arrived on Monday, the two largest state-owned mortgage companies in the United States, Fannie Mae and Freddie Mac, finally couldn't hold on anymore and made public statements about huge losses.
, requesting financial assistance from the federal government, otherwise it will involve the collapse of the bond market worth tens of trillions of dollars!
They couldn't hold it any longer.
From February to now, the share prices of Fannie Mae and Freddie Mac have fallen by a total of 70%, tens of thousands of dollars of assets have evaporated, and they are only a few centimeters away from bankruptcy.
The Federal Reserve also issued a warning that if the federal government does not intervene, Fannie Mae and Freddie Mac may really bring down the entire U.S. economy and plunge the U.S. economy into darkness.
As mentioned before, Fannie Mae and Freddie Mac are companies that specialize in mortgage loans for low- and middle-income people in the United States. They are also companies in charge of the issuance and circulation of 70% of U.S. bonds. They are basically the Federal Reserve of the bond and mortgage industry.
It can even be said that the Federal Reserve is a private enterprise, but they are a serious government-sponsored enterprise and can themselves be regarded as government agencies.
The huge losses of Fannie Mae and Freddie Mac are not as simple as those mortgage companies, financial companies, Bear Stearns investment banks, etc. that collapsed before, but they are real hard currency.
If the two of them fail, American home mortgage loans will basically be doomed, and other countries and companies that have bought U.S. bonds will be completely dumbfounded.
In fact, after they could no longer hold on and there were rumors that they would be placed under government custody or directly declare bankruptcy and delist, all investors and governments around the world were scared to death.
Global stock markets, which were already very fragile, immediately fell in response, especially those companies that had purchased Fannie Mae and Freddie Mac bonds.
For example, Japan's Mitsubishi Financial Group held more than 30 billion U.S. dollars in Fannie and Freddie bonds. Early the next morning, it fell by 21 at the opening. It was absolutely panic-stricken.
Then Mizuho, Sumitomo Mitsui and other banks were also involved.
Not just Japanese, Korean, British, German... commercial banks and fund companies in developed countries that you can imagine are all involved to a greater or lesser extent.
Not only operating companies, but also the governments of various countries that hold U.S. Treasury bonds, such as Japan, South Korea, the United Kingdom, Australia, and other countries, are also crying for fear that tomorrow the bonds in their hands will become a pile of waste paper.
Chinese banks and financial investment institutions also hold more than 30 billion US dollars in bonds from Fannie and Freddie.
But if you take a closer look, most of these institutions are small and medium-sized investment institutions, and the only three big banks involved are Minsheng, China Everbright and CITIC.
The bonds of Fannie and Freddie in the hands of China's four major commercial banks, including Zhongnong Construction Bank, China Merchants Bank and Bank of Communications, were slowly sold off three months ago without any loss at all.
Huaguo State Investment's US$376 billion in bonds have already been secured, avoiding the loss of being taken advantage of.
After hearing the news, Niu Ruzheng opened the phone and called Xiao Qi, saying thank you very solemnly.
Xiao Qi understood that Uncle Niu's thank you was not because he thanked Xiao Qi for making him a great contribution, but because he thanked Xiao Qi for helping the country avoid huge losses.
Without Xiao Qi, not only the US$376 billion of SDIC would not be able to escape, but also the nearly US$100 billion in the hands of the six major banks would not be able to escape. With so much money, we have worked hard to do OEM work for others at low prices.
Every penny accumulated from the factory's products is a result of hard work. If it were all reduced to nothing due to the financial crisis, I don't know how heartbroken it would be.
After reincarnation, in addition to developing the smart electronics industry and making himself rich at the same time, Xiao Qi's greatest achievement was to avoid a lot of losses to the country and the people.
Although this sentence sounds a bit too high-sounding, it is actually the case.
When a person's wealth reaches a certain level, his sense of responsibility will arise spontaneously, and he will definitely do something that can help more people.
While he was happy, Xiao Qi was also a little frightened.
Even though this crisis happened in the United States, the damage it did to the whole world was not that serious. It can even be said that the United States is unlucky, and the whole world is unlucky with them.
Subprime debt was the first wave, and U.S. bonds were the second wave. The two attacks caused heavy losses to financial institutions around the world. Many of them were damaged, and not only a few banks collapsed.
But all this is not over, Lehman Brothers collapsed in September!
It was also under this situation that the global economy fell into a severe crisis, so that high-welfare countries in Europe lost their cover and completely erupted into a more serious sovereign debt crisis.
As a result, the world's economy has fallen into the most serious recession since the Great Depression in the 1930s. Even in 2013, when Xiao Qi was reincarnated, there was no sign of improvement.
There are many reasons for this, but Wall Street's fueling of the situation is definitely a big black hand.
Needless to say, subprime debt is a financial derivative invented by Wall Street. When the economy is good, it is a good thing with high profit returns. Once the economy declines, it becomes a fatal poison.
And the current predicament of Fannie Mae and Freddie Mac in the United States also has a lot of Wall Street factors.
Fannie Mae and Freddie Mac were established to issue housing mortgage loans. They were government-operated projects. Wall Street used subprime debt to mess up the procedures and rules of housing mortgage loans. In the end, many people who were not qualified went to Fannie Mae.
American and Freddie Mac mortgage loans have incurred large amounts of bad debt.
This is not to say that Fannie Mae and Freddie Mac are stupid.
The personnel of Fannie Mae and Freddie Mac are guaranteed incomes, so it is obvious that they have little resistance and analytical ability to the complex financial products developed by the smartest elites on Wall Street.
Then, after the subprime mortgage crisis broke out last year, Fannie Mae and Freddie Mac were called on to play a role in stabilizing the real estate market. Now Fannie Mae and Freddie Mac bit the bullet and acquired or guaranteed 81% of the real estate market.
Mortgage-backed securities are prepared to weather this crisis.
But if you think about it, the mortgage-backed securities sold at this time are the worst assets in the hands of those financial institutions, and they are a hot potato that they just want someone to take over.
As soon as Freddie Mac and Fannie Mae reach out, they are destined to foot the bill for those financial institutions.
Originally, I was already in the serious injury stage, and I still had to pay for those greedy Wall Street financial institutions. It would be strange if Fannie Mae and Freddie Mac didn't fall into a huge loss crisis!
This also shows how greedy and unscrupulous Wall Street is.
They don’t just cheat foreigners, they also cheat the United States!
This fully illustrates a truth: in the eyes of greedy Wall Street, there is no motherland, no enemy or friend, only lambs being slaughtered.
It’s no wonder that in the past few years, many “Occupy Wall Street” movements have broken out in Congress across the United States, all of which were forced by these bastards!
Of course, Xiao Qi is not a compassionate saint. He only worries about the situation of Chinese people. He even enjoys seeing the decline and misery of other countries, especially European and American countries.
The reason is very simple. The first pot of gold that Western countries developed was obtained by plundering China.
The good life they have today can be said to be the foundation laid at that time.
Now is the time to cooperate with Wall Street and collect interest from them.
And how to deal with Western countries without letting them take advantage of them depends on the means.
Xiao Qi did not get involved with the Eurozone's CDS, which is a credit default swap insurance product, because it was too conspicuous. Only the bold guys on Wall Street could blatantly badmouth a country's economy.
Make it.
However, Xiao Qi still had to participate in the cake cutting process.
The opportunity lies in plundering the assets of European banks.
The continued financial collapse of a country must begin with the banking industry.
After the European debt crisis broke out, their banking industries suffered an unprecedented blow. Except for the three major countries of France, Germany and the United Kingdom, almost 80 banks in other countries fell into bankruptcy. As a result, the entire Eurozone almost collapsed.
Already.
, and also made a cry-like appeal at the EU General Assembly: "We have finally reached this point. We must resist and work together, otherwise Europe will become a mess again."
However, Germany is destined to fail.
Because they not only have the United States, a bad boss who doesn’t want to see European unity, not only do they have polar bears that are in confrontation with the entire Europe, but they also have a “good ally” that has been dedicated to causing trouble for 500 years—Great Britain!
As early as the Louis Dynasty, Britain began to instigate Europe to fight against others.
And this was even more true during the Napoleonic era. Anyway, as long as Europe became stronger, it felt uncomfortable and wanted to make them miserable. It was best to work on their own and then win by themselves.
What Xiao Qi did would not be too obvious.
He only needs to follow the United States and the United Kingdom and attack the banking systems of major European countries. In this way, he can gain huge economic benefits, weaken Europe, and not stand out.
Making a fortune in silence is what a smart person should do! r1152