v3 Chapter 1145： Profit skyrocketing

At this time, Leopold Roshir said suddenly and solemnly: "Mexico is one of the economic leaders in Latin America. Now that Mexico is actively defaulting, then other countries are likely to follow."

"After all, the debts of countries such as Argentina, Colombia, Brazil, and Peru are also very alarming."

"Once these countries also follow the initiative to default, then the sovereign debt of more than 13.68 billion held by our banks will be in crisis, and Latin America will also experience an economic crisis as a result, and may even spread to the world.

"Our bank has also lent more than 10 billion U.S. dollars to many companies in Latin America."

"If this adds up to more than 20 billion U.S. dollars in debt, there will be problems, then our bank will face a crisis of bankruptcy and reorganization!"

"I am worried that after the news is exposed, it will cause a huge panic in the country. If there is another run, then..."

Speaking of this, Leopold Roshir really couldn't say anything. He couldn't imagine how much pressure and trouble their family would face if that picture really appeared.

Jacob Rohill looked gloomy.

He was silent for a long time and slowly said: "I know what you said, Mexico has defaulted, so the probability of default in Latin America and other countries exceeds 90%."

"Once they breach the contract, the initiative is entirely in their hands. Instead, it is our banks that should panic. When the time comes, they will make excessive conditions, and we have to consider carefully."

"So now, we must prepare for the worst!"

Evelyn Lowhill quickly said: "Jacob, you are right, we must plan for the worst, and we have to unite with other big banks, and even let the government come forward to suppress Latin American countries for us. "

Jacob Rohill nodded slightly and added: "Now it is possible that the biggest crisis of the family after World War II will erupt this time. We must mobilize all the family funds to prevent risks."

"Evelyn, you are in charge of the British side, and I will notify the others one by one."

Evelyn Roshere solemnly nodded and replied: "Okay, don't worry, I will try my best to gather funds."

Jacob Rosier looked at Leopold Rosier again, and said: "Leobold, Evelyn’s work is relatively cumbersome, and I can’t get away for the time being, so you can contact the major European claims. bank."

"As for America..."

"I will call in person. I think that Rockefeller and Morgan did not expect Mexico to dare to do this for this crisis, and they must be thinking of ways now..."

"Otherwise, once Mexico is passively allowed to default, Brazil and Argentina will also follow the default. If it is not handled properly, the entire financial system of the United States will be wiped out..."

...

After the urgent discussion, the Roshir family began to take action.

Although the Rohill family is rivals to the Rockefeller family and the Morgan family.

But in the debt to Latin America and other countries, in fact, the large and small banks in Europe, America and other countries are all on the same boat, and they have long been inseparable.

Take the most obvious example, such as Citibank.

When lending to Latin American countries, at least US$20 billion of Citibank’s more than US$50 billion in cross-border loans were lent to sovereign countries, and the remaining funds were lent to government or private borrowers engaged in commercial activities. .

Large banks such as Citibank have always been known to be strict in lending reviews, so they play a role as a trend in the banking field.

If the Mexican government needs a loan of 5 billion US dollars, it will usually find a big bank, such as Citibank, as long as Citibank promises to lend 1 billion or 2 billion US dollars.

Then the remaining small and medium-sized banks will rush to divide up these loans.

And there is no doubt that Citibank’s ability to resist risks must be stronger than those of small and medium-sized banks. Once a crisis occurs, Citibank may be able to carry it through, but a large number of small and medium-sized banks will definitely go bankrupt.

These small and medium-sized banks went bankrupt, and the impact was also extremely bad, severely damaging the foundation of the banking industry, and in turn triggered a crisis in the entire banking system. Citibank was absolutely unable to escape, and even caught fire due to the extremely large amount of loans.

Almost all people in the financial industry are smart people. After realizing the seriousness of the matter, they took action.

Fed Chairman Paul Volcker, U.S. Secretary of the Treasury Donald Reagan, President of Citibank, President of Chase Manhattan Bank, President of Merrill Lynch... a large number of financial giants gathered together urgently to discuss countermeasures.

After the end of August 6, no proper measures were negotiated.

The bad influence of Mexico's sovereign debt default has further fermented.

Although the paper media cannot report in time, television stations in various countries have already reported the relevant situation.

The general public in various countries began to worry.

Although TV stations have stated that the government will definitely come forward to solve the problem properly, there are still many prudent people who rush to the bank with a bank card. They want to withdraw the money to be more secure.

For a time, the pressure on the lending banks involved increased sharply.

Under the general trend of rising US stocks and appreciation of the US dollar, the share prices of US listed banks have bucked the trend and plummeted.

But this is exactly what Xia Yu wants to see.

At the end of August 6, Xia Yu had received transcripts from eight teams.

Tang Yong's team made a floating profit of more than $220 million.

Xue He's team has a floating profit of more than 210 million US dollars.

Song Yang's team made a profit of more than 170 million US dollars.

Li De's team has a floating profit of more than 180 million US dollars.

Liu Xiao's team made a profit of more than 190 million US dollars.

...

Liu Wei's team has a floating profit of more than 80 million US dollars.

The total floating profit of the eight teams has reached more than US$1.63 billion!

If you add in the previous US$700 million in losses of the entire Galaxy Fund, it is equivalent to a gain of more than US$1.96 billion on this day.

It's really scary!

On the phone, Xia Yu also felt the excitement of each team.

However, he remained calm and encouraged the teams to keep calm after a while to maximize the results.

In the next few days, the bad effects of Mexico’s sovereign debt default became more and more serious. After media reports from all over the world, it became almost universally known. Of course, Xia Yu’s media empire was indispensable behind this.

However, under the current circumstances, it is normal for the media to scramble to report relevant news. Therefore, it did not arouse suspicion from others. On the contrary, because of various sophisticated news, the media controlled by the Jiuding Consortium has a tendency to stand out. , The sales of many newspapers have risen, and the ratings of television stations have also risen.

On August 7, the total floating profit of Galaxy Fund reached more than 2.55 billion US dollars.

On August 8, the total floating profit of the Galaxy Fund reached more than US$3.63 billion.

It's August 9th.

While commercial banks and governments in Europe and the United States have not yet discussed a proper solution to the problem of Mexico’s sovereign debt default, another country has declared its inability to repay the debt despite the obstruction of Europe and the United States.

Eleven o'clock in the morning.

The Minister of Finance of Argentina held a press conference and announced in front of everyone that Argentina was unable to repay the principal and interest of the US$43.6 billion in sovereign debt, in front of everyone, but Argentina will definitely try its best...

No one paid attention to the high-sounding nonsense that the Minister of Finance of Argentina said later, and major European and American banks wailed, especially the pressure on banks that lend to Argentina.

As for Argentina, after announcing its inability to repay its debts, Argentina’s already volatile and declining stock and foreign exchange markets completely collapsed!

PS: There is only one change today. The work is going crazy. I have to work overtime at noon and night. I have suffered from low back pain. I have a dog. I haven’t taken a shower yet.

https://

Genius remembers this site address in one second:. Reading URL of Zero Point Reading Mobile Version: