The first decision the Federal Reserve made was to raise savings interest rates, and then to reduce the proportion of deposit reserves that commercial banks in various regions need to pay to the central bank.
In order to ensure the safety of savings, all banks have to pay money to the central bank according to the amount of savings they have. This money is used to ensure that they can at least cope with large-scale withdrawals from savings customers.
The first of these two measures taken by the central bank is to allow savings customers to reduce the proportion of money withdrawals. After all, interest rates have increased, and you can get more interest by depositing money in the bank.
The second method is to relieve the pressure on banks.
But at this time, the secondary market continued to collapse, causing the chain problem of overdue personal credit to further erupt.
On the one hand, banks have to face savings customers taking their money away; on the other hand, all the money lent by banks is overdue and cannot be recovered.
So...the U.S. banking industry exploded.
The subprime mortgage crisis finally began to cross borders, from the financial world to the banking industry.
These two industries, which are closely related and interdependent, have finally realized what it means to be in a state of despair.
The large-scale shrinkage of real estate, coupled with the overall overdue personal credit, has ushered in a cold winter for the U.S. banking industry.
And the initiator of all this is currently standing in the command center of Qianhai, having already begun the next step of the layout.
“Secretly opening positions to close stocks of American high-tech companies such as Microsoft, Qualcomm, General Motors, Amazon, and Oracle.”
Li Jin issued orders to Jack Chen and the team.
After going through such a long financial war, the process is difficult to describe, but now, Li Jin has finally waited for the harvest time that he thinks is appropriate.
"Affected by the subprime mortgage crisis, the entire U.S. stock market has fallen into a downturn and has fallen for 20 consecutive trading days. Most of the stocks of these companies are now at historically low values. This is the best time for us to enter the market."
Li Jin took a breath and said with a serious expression: "In the past few decades and nearly a hundred years, Americans have been ahead of us, and during this period, we finally have an opportunity, that is, to swallow up the future of the United States.
With 20 years of technological accumulation, these companies are the real future."
Jack Chen's expression was excited. Just as he was about to speak, the team's intelligence collector reported the latest situation.
"The U.S. Securities Regulatory Commission announced the extension of a futures settlement cycle, and the futures settlement originally scheduled for tomorrow has been postponed to the end of this month."
Jack Chen was stunned for a moment when he heard this, and then he cursed loudly.
"These Americans are really giving up their last bit of shame. Are they shameless?"
"When Soros gathered Hong Kong stocks and it was so difficult, the Hong Kong government didn't even think about adjusting the stock index settlement cycle. As long as they have the ability to win, they will take it away. Now this group of Americans is playing this game?"
The so-called stock index settlement cycle is actually the same concept as futures.
Futures trading is cyclical, generally based on month. For example, delivery orders in July are usually redeemed in September.
Either take the money and leave, or pick up the goods and leave.
Jin Qingtian invested in short-selling transactions in the secondary market of the United States. What he was doing was actually shorting the index of the secondary market when it fell.
Now that the secondary market has plummeted, Li Jin has won.
Logically speaking, during this settlement cycle, he can withdraw cash from the secondary market and take away the profits based on the amount and quantity of his short position.
This is a profit of hundreds of billions of dollars.
It is also the profit that the entire Huaxia Capital is eagerly waiting for.
Everyone has put in so much hard work and taken such big risks. What is it for?
Isn’t it still a benefit?
But on the final settlement day, U.S. officials actually started to act rogue.
No more settlement!
"No hurries."
Li Jin frowned and said to Jack Chen: "It's just an extension. It's impossible for him not to settle, unless he wants his entire financial system to collapse."
Once the United States really breaks out and makes it clear that it will not settle accounts, it will mean that the national financial credit of the United States will go bankrupt globally.
When someone comes to play at your gambling table, if they lose, you take away the money with profit, and if they win, you flip the table and refuse to admit it. No matter how stupid a gambler is, they will not play with such a country.
And once it is isolated by the global financial community, it will be self-destruction.
So the United States would not do this, and neither would any other country.
Therefore, in Li Jin's opinion, the postponement of the United States is just a disgusting move.
"If it's postponed, it's postponed. They can postpone it once, but they can't postpone it a second time. Let's move forward according to our original plan."
While Li Jin was talking, his cell phone rang. He glanced down and then walked to his office.
"It's me, Li Jin."
After answering the phone, Li Jin said directly.
"Lei Man is bankrupt, can we come back?"
On the phone was Huo Huanyu's relaxed voice.
"Okay, come back. The mission was completed well this time." Li Jin said with a smile.
Huo Huanyu chuckled and said, "I'm doing well, mainly because Xiaohe did well."
Meng Yehe's cold complaining voice came from the other end of the phone. He was very dissatisfied with the new name Huo Huanyu gave him.
Smiling, Li Jin was about to speak, but Huo Huanyu spoke first.
"By the way, I have received some rumors. Although I am not sure whether they are accurate, I feel it is better to tell you in advance."
Huo Huanyu didn't show off and continued directly: "Do you know what Xu Heng did? He kept a low profile for a long time. Today someone here saw him leaving the port city by plane, going to the United States."
Li Jin narrowed his eyes slightly and said, "The Xu family also has business overseas, so going to the United States is not unusual, right?"
With a chuckle, Huo Huanyu said: "What's strange is that he was flying on the Li family's private jet, and Li Yaokang was on it!"
"These two dogs are not good dogs. In addition, in the United States, there is also a stupid dog who just suffered a heavy loss. Do you think these three dogs will get together to cause some trouble?"
Li Jin was stunned for a moment, and then his expression gradually became serious.
"What you said is very possible."
"Yeah, I think so too."
Huo Huanyu said proudly: "You guys have too many twists and turns and I don't understand it, but I am familiar with forming gangs and fighting."
"Most of those who are scared by me will gather together and join a group to keep warm. Maybe the dog will be brave enough to plan to bite me back!"
"Do you think these three dogs look like this? So I thought about it and decided to let you know first."