Chapter 1858

Before the government, the major banks will not lose face to GM. even if the loan is due, it is impossible to press for debt at most.

But now, it's no good not to press for debt. A large number of investment banks and commercial banks have fallen into the subprime mortgage crisis. They all need funds to tide over the crisis, and the funds lent to the three major automobile companies are the best choice.

Among them, the first one is our Morgan consortium. The total loans of Morgan bank to the three major automobile companies reached about $40 billion, which is a huge figure. Even Rex Morgan personally called the CEO of general motors to ask him to repay the money.

After receiving a call from rext Morgan, the CEO of GM dared not obey and tried his best to collect enough $40 billion to pay back the money. Then GM's book was empty and couldn't even pay next month's salary.

At this time, more bank calls came. As soon as the CEO of General Motors slapped his ass, he took a helicopter to Washington and went to cry for the commander-in-chief of the United States.

The bosses of Ford and Chrysler went to cry for poverty together. They went by helicopter and announced in front of all the media that they were going to close down and that millions of workers were going to lose their jobs. They came to ask for government assistance.

Then these three people were scolded bloody... Don't misunderstand that it's not the people of the government who scolded them. How dare the government scold them? It's the netizens who scolded them.

There is still no shortage of smart people in the United States. Seeing that these bastards waste taxpayers' money and do all kinds of bastard things, they feel at ease to ask the government to save their lives. A lot of abuse broke out on the Internet, and they went to the black palace website to petition for the closure of the three auto companies directly.

But how dare the government? So on October 3, little Jack announced the first phase of the $700 billion rescue plan, that is, to invest $700 billion to save the whole market.

Some of the dollars are used to inject capital into the three major automobile companies so that they can repay the loans of various banks. After the banks get the repayment, they can offset some of their losses and have the best of both worlds.

However, considering the greater capital loopholes of banks, 400 billion of the $700 billion rescue plan is directly injected into banks.

Yes, give money directly to smooth out the loopholes, a very simple and crude rescue plan.

Naturally, the rescue plan has been criticized by everyone without exception, because the rescue plan can hardly see any other benefits except filling holes.

The most fatal thing is that the money is sent directly to the bankers.

These bastards who caused the subprime mortgage crisis not only did not go to jail for trial, but shamelessly asked the government to send money to them to fill the loopholes. And all this money is taxpayer's money!

It's like Zhang San was slapped by Li Si, and then Li Si's hand became red. So Zhang San paid Li Si for a bottle of safflower oil to let him heal his hand and then fight again.

This NIMA is ridiculous.

The American government is full of confidence in its rescue plan, but they have made a fatal mistake, that is, they ignore who was really seriously injured in this crisis.

It seems that banks and investment institutions have closed down one after another, but these people have little to do with the people of the United States. If they fall, they will fall. After all, 99% of the population of the United States do not rely on financial institutions to pay them.

At this time, it is the American people and small and medium-sized real enterprises that are really in crisis.

As mentioned before, entity companies now basically live on the blood transfusion of various financial institutions. They rely on loans to live beyond their means.

In the past, since those banks had the courage to directly press for debts from the three major automobile companies, small entity enterprises would not let go. They not only cut off the supply of their loan funds, but also constantly urged them to repay. Some banks were afraid of being preempted by other banks and directly blocked the assets used for mortgage loans in advance, Then enter the auction process and return blood through the auction.

This has directly led to the closure of 30% of real enterprises in the United States. When the American government reacts, the unemployment rate in the United States has reached about 15% unprecedented. A large number of employees have lost their jobs, and they don't have a penny in the bank. Many people don't even have $100 from their pockets to bank accounts!

As a result, the real financial crisis broke out, and the American stock market was basically stable under the stimulus of various rescue plans and hundreds of billions of dollars.

However, with the announcement of the unemployment rate and the emergence of various small and medium-sized enterprise closures, rice stocks collapsed instantly and began to fall like an avalanche.

The economic crisis in 2008 broke out completely!

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Outside the window, countless snowflakes fall, a scene of silver and plain.

"How many years will it take to slow down this storm?" entered November, and Reluctor Morgan, who had a few days to spare, sighed at the wind and snow outside the window.

Of course, the blizzard in rext Morgan's mouth can not be a real blizzard, but this economic crisis. Since October, a large number of real enterprises in the United States have closed down and collapsed, even many enterprises under the Morgan consortium.

However, with economic degrees from many universities and countless practical experience, rext Morgan has figured out that the economic crisis has just begun and will spread to the world in a few months.

With the unemployment of workers and the collapse of enterprises, the purchasing power of Americans will begin to decline, and the import of Americans will also decline by a huge amount. Then the income and orders of many enterprises in the world driven by American consumption will decrease, and these enterprises will collapse.

With the collapse of these enterprises, the workers below them will also lose their jobs. Then the whole country begins to degrade consumption, and the consumption desire decreases. A large number of products are produced and no one buys them, which leads to the rupture and collapse of more enterprise capital chains, the bankruptcy of countless people, and an economic crisis no less than that in the era of the great depression is coming.

"Who can survive after the wind and snow?" rext Morgan was lost in thought. The wind and snow brought destruction, but after the snow melted, there was rebirth.

The economic crisis will always pass, and after the past will usher in rapid economic growth, which will also bring a new world pattern.

For example, although the great depression began in the United States, it also made the United States the world's No. 1 hegemonic power, with the world's largest production capacity and the terrorist production capacity of producing seven aircraft carriers a year.

So who is the koi after this crisis?

"Let's hope it's us!" sighed rext Morgan, but he didn't have much confidence. Little George is a good obedient leader, but he lacks courage. It seems impossible to expect him to lead the United States out of the economic crisis.

"Sir, the following enterprises have put forward plans to move the factory and hope to get your permission!" the secretary came over and said respectfully.

"Where do they want to move?" asked rext Morgan, frowning. With the collapse of a large number of real industries in the United States, many real enterprises under the Morgan consortium complain that their operation in the United States is difficult. It is not only difficult to recruit qualified workers, but more importantly, the whole industrial chain can not be matched. They are about to be unable to work in the United States!