Chapter 1234 Crisis

Huaguo State Investment Corporation, Huaguo's state investment company, holds various bonds of the United States. In 2007, Japan was the largest creditor country of the United States, and basically we are the second largest creditor country of the United States.

More than half of the bonds are in their hands, with a value of about 700 billion US dollars.

Among the 700 billion US dollars, the bonds of Fannie Mae and Freddie Mac accounted for 376 billion US dollars.

Fannie Mae and Freddie Mac are basically "government" sponsored enterprises in the United States. They specialize in providing guarantees or holdings for various mortgage securities or bonds.

Among them, they themselves have issued more than 1.29 trillion US dollars of bonds and mortgage investment portfolios. Huaguo, the largest creditor country in the United States, exists as our foreign exchange reserves by holding their more than 376 billion US dollars of bonds.

You read that right.

Our foreign exchange reserves are not pure dollar cash, but a piece of paper, Americans can print as much as they want.

Therefore, most of our foreign exchange reserves are held in the form of various bonds.

The bonds of Fannie Mae and Freddie Mac are known as the most stable bonds, so not only Huaguo is holding them, but also Japan, Britain, France, Germany and other developed countries in the world are holding them, but we hold the most . [

Fannie Mae and Freddie Mac are known as "the largest "government" subsidized industry in the United States". Usually, there is nothing wrong with this, and they can also receive generous interest, which seems like a very good investment.

But wait until next August. The scandal of Fannie Mae and Freddie Mac's huge loss of more than 120 billion US dollars is before people realize it. The stock price quickly plummeted to below 1 US dollar, which directly locked in all bond owners including Huaguo and Japan.

And then...then they went off the market.

The 376 billion U.S. dollars in Huaguo's hands has become wealth on paper.

Unless one day, some idiot puts Fannie Mae and Freddie Mac back on the market and develops scale, there is a possibility of recovering the money.

But... huh.

Niu Ruzheng certainly didn't know how destructive the subprime mortgage crisis would be if it extended into a financial crisis.

In fact, this kind of huge destructive power only appeared once in the 1930s, because it is too far away from now. People whose scars are healed and forget the pain are repeating this tragedy.

Even Niu Ruzheng, who will become the vice-premier next year, has no qualifications or authority to make a decision on the idea of ​​moving the 376 billion U.S. dollars, which is more than 2.5 trillion yuan. This has to be discussed and approved at the executive meeting of the State Council.

But just based on Xiao Qi's words, Niu Ruzheng himself didn't quite believe it. Let alone others.

While thinking, Niu Ruzheng asked solemnly: "Maybe Freddie Mac and Freddie Mac...will collapse?"

"It's not possible, it's definitely possible!" Xiao Qi began to eat the dishes with ease, "Uncle Niu, look. Now the tenth real estate investment trust company has collapsed. In the next six months, these have nothing to do with subprime loans. The commercial mortgage companies that are connected, will go bankrupt one after another... They are all like this, Fannie Mae and Freddie Mac that are more closely connected with subprime debt than them. So what? The bonds they guarantee and hold , I’m afraid there are a lot of subprime debts, right?”

"According to what you say, then Fannie Mae and Freddie Mac should go bankrupt first, why are small companies starting to go bankrupt instead?" Niu Ruzheng asked.

"Because the U.S. "government" wants to protect them for a while. And their plate is so big, accounting for 14% of the circulating bond market. Wouldn't the U.S. collapse if it collapsed all of a sudden?" Xiao Qi laughed.

"You're right, if Fannie Mae and Freddie Mac are going to collapse, our 376 billion US dollars in bonds will be in vain!" Niu Ruzheng frowned: "The question now is whether they will It will fall, and if it will fall, when will it fall?" [

"No matter what, we have to wait until the second half of next year. The mess in the United States is getting bigger, haven't they started to cover up and cover up?" Xiao Qi said while eating: "Uncle Niu, what I just said , You have to pay attention, if it is really a large commercial loan mortgage company that goes bankrupt due to real estate subprime debt, you can sell it by the end of this year... If it is too late, they will have no choice but to pay us back."

Niu Ruzheng nodded, and then said: "Can they pay it back? Are you willing to pay it back?"

"As long as you decide, I will teach those people how to get the money." Xiao Qi shrugged, "Of course, if you want someone to take the credit, I can tell him quietly. Anyway, I'm used to it Be the hero behind the scenes."

"What do you mean, Uncle Niu treats you very badly, doesn't he often take your credit?" Niu Ru just smiled and pointed at him, "Don't forget that a few days ago, who took that corrupt official and his son Sent to prison!"

"Hehe, I'm just talking, why do you have the nerve to care about this junior?" Xiao Qi responded very wearily.

"I've made a note of this matter. In the next time, I will observe and find someone to investigate." Niu Ruzheng smiled, and began to raise his chopsticks to eat: "By the way, you said you want to help me find a punching bag , don’t you mean Fannie Mae and Freddie Mac? Before the crisis broke out, they used me as a punching bag.”

"You underestimate yourself too much. What are two mere companies? Our uncle and nephew crushed them with one foot!" Xiao Qi boasted brazenly, and said: "The outbreak of the subprime mortgage crisis, now Are you sure of that?"

"Almost." Niu Ruzheng nodded, and said while eating: "Thanks to your reminder, the country has made a lot of preparations recently. It is this that has added a lot of points to me, otherwise it will be even more difficult recently."

"Then I'll make another idea, let you add more points, and then find someone to vent your anger on the way!" Xiao Qi said: "Don't look at me with this expression...don't worry, these are not good things, be sure Good people will not be wronged."

Said, Xiao Qi lowered his voice, and whispered to Niu Ruzheng.

As Niu Ru was listening, he put down his chopsticks.

When Xiao Qi finished speaking, he closed his eyes and slowly thought for a while, and when he nodded slowly, there was a wry smile on his face: "Are you helping me find the pump, or are you helping others find gunpowder?" ’Barrel? It’s good for our company, but it’s too offensive, isn’t it?”

"Cut! Why didn't they think of offending us when they burned our shoes, banned our tires from entering the country, and raised our penalty tariff on lighters?" Xiao Qi said dismissively.

"right!"

Niu Ruzheng smiled as he listened, and patted the table vigorously, "Okay, let them see what preemptive strikes are!" The support is my greatest motivation. Mobile phone users please go to m to read.)

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