Chapter 1356: The Beginning of Collapse

The most adept at playing psychological warfare in history were those gringos in the late Qing Dynasty and the early Republic of China.

Relying on their strong strength as their backing, they won one benefit after another in Huaguo without even dispatching troops, which directly created the image of "foreign people" in the minds of Huaguo people.

At first Xiao Qi's words were taken as a joke by Europeans and Americans, but with Xiao Qi's success again and again, now many Europeans and Americans began to pay attention to Xiao Qi's remarks.

The meaning of the young man is to make them afraid, so as to avoid these people's conspiracy and tricks in the development process of Fairy Company in the future-no matter how confident Xiao Qi is, he dare not boast that he can beat the Wall Street. A group of elites, where the world's top smart people gather, whoever dares to underestimate them will surely end in tragedy.

If the industry develops stably, with a strong backing, and at the same time it can put psychological pressure on them, Xiao Qi's career will undoubtedly go more smoothly.

It has been more than 40 days since Bear Stearns closed two funds with a maximum scale of 20 billion yuan in August, and the subprime mortgage crisis broke out completely. It has been more than 40 days now. European and American stock markets and Japanese stock markets have already fallen almost. There has been a wave of stabilizing market conditions.

However, the actual economic situation of various countries has not improved in any way, but has deteriorated more and more.

The central banks and financial departments of various countries have replaced various enterprises and companies that should have appeared, and have become the protagonists in the news.

But it seems to have no effect.

On September 18 today, the Federal Reserve cut interest rates for the fifth time, and the federal funds rate dropped to 4.75%. What's more serious is that Northern Rock Bank, which has the largest amount of new mortgage loans in the UK this year, suddenly announced that it was ready to split due to a run on the bank. Split for sale.

To know. The most important business of this Northern Rock Bank is not its 24 billion pounds of deposits. It specializes in the dismantling business between banks, and then conducts mortgage loans and securities business in the financial market.

To put it bluntly, it is specialized in subprime bonds.

Even giants such as Sumitomo Mitsui Banking Corporation, Bear Stearns, Bank of Merrill Lynch, and Deutsche Commerzbank cannot sustain the losses in the subprime bond business department, let alone this bank that specializes in subprime bond business.

People have only one department. But the whole bank has invested in it, what a deadly one!

However, it doesn’t matter that Northern Rock Bank announced that it would be split and sold. There are 1.5 million depositors in England who have deposited with them. Among these 1.5 million depositors, at least half of them have not received money from Northern Rock Bank. Going bankrupt, how can this be?

Seeing that something big is about to happen, the Bank of England, the central bank of England, announced immediately. I will take over this mess, and I will definitely not let the savings of the depositors disappear, please rest assured.

cough cough.

Those who scold the Central Bank of Huaguo for being troublesome, listen to the reaction of the Bank of England. Don’t they do the same thing about rubbing ass?

Northern Rock Bank is just the first bank to fall, and dozens of banks, large and small, and hundreds of funds and financial institutions will fall on the subprime bonds.

In the whole storm, Paulson, Tong Wencong and other fund managers are the big winners. As a result, they have become stars rising from the disaster, and are favored by many young people who are keen on getting rich financially. Served as the same idol as Soros back then!

Xiao Qi in Rongcheng can't just sit back and watch the flowers bloom and fall, but it is always a good thing to see the subordinated debts constantly bringing huge profits to his secret account.

Originally expected to get back 15 billion U.S. dollars with principal and interest, Tong Wencong has now optimistically raised it to 20 billion U.S. dollars.

In fact, more money and less money is for Xiao Qi. It doesn't make much sense anymore. What he likes is to see developed countries such as Europe, America, Japan and South Korea weakened as expected, and under the reminder of himself and his father, China's economy can avoid many wrong detours and make great strides to catch up with these developed countries.

When a gentleman is poor, he takes care of himself alone. If it is up to, it will benefit the world at the same time.

Now Xiao Qi is doing his best to help after he has achieved success in his career.

Speaking of Tong Wencong, since he listened to Xiao Qi's persuasion and didn't touch the CDS insurance policy, he often told Xiao Qi about those fund managers.

For example, several fund managers who have achieved success in subprime debt have now purchased a large number of CDS insurance policies in European countries from Goldman Sachs and other companies, preparing for the debt default of these countries once the subprime mortgage crisis breaks out , Take the cds policy to find those insured banks to collect money.

Tong Wencong, who had woken up, looked at their actions and felt that these fund managers were too courageous.

It’s not just about harming one country and one bank. Such an obvious thing against a dozen countries and dozens of important banks in the host country can be done. It cannot but be said that they feel that the United States is simply the bull of bulls. , the arrogance is a little boundless.

As everyone knows, because of the origin of race and history, the relationship between the United States and the European Union cannot be completely separated.

Once it arouses strong backlash and anger from European countries, the United States is bound to put the board on the heads of a few of the most active elements-Goldman Sachs in the previous life, known as the boss of the No. 1 investment bank in the United States. Isn't it just under such circumstances, not to mention being fined more than one billion U.S. dollars by Europe, and even more severely slaughtered by the United States?

Even an investment bank with such a strong background as Goldman Sachs has been punished, let alone those small fund companies. It is still a trivial matter to be fined by the court, and it is too late to cry if it attracts the US Federal Tax Service!

Having figured this out, Tong Wencong admired Xiao Qi even more.

Under the temptation of huge interests, there are very few people in the United States who can stick to their hearts, let alone Chinese people who are so impetuous that only money is left in their eyes!

Eliminating the turmoil of the cds insurance policy, Tong Wencong focused more on harvesting the subprime debt, and he followed Xiao Qi's advice, and he acted more and more low-key, which made many familiar fund managers feel that this person is like a Recently, it suddenly became invisible in the capital market.

But Tong Wencong didn't care about the decline in attention.

What he has to do now is to make a fortune silently, so what is there to be afraid of if he has money?

If he hadn't known that Xiao Qi had no interest in the financial market, he would have wanted Xiao Qi to cooperate with him and make a big splash on Wall Street together.

What a pity!

A rare genius talent should not be limited to such a small area of ​​the electronics industry! (To be continued..)