Chapter 2342 Eurozone Collapse?

In fact, Niu Ruzheng didn't know that compared with his previous life, the situation in China is much better now.

Although the subprime debt crisis in the United States has spread to the whole world, and the small and medium-sized export enterprises in Huaguo are inevitably affected, but this impact is still within the controllable range, unlike in the previous life, it is simply ignorant, thousands of Thousands of small and medium-sized factories and enterprises have closed down, and the Pearl River Delta Economic Belt and the Yangtze River Delta Economic Belt are mourning.

This is because Xiao Qi gave an early warning in advance. From last year to now, Rising Sun commentators have published at least 30 in-depth articles. They have put forward many very good suggestions for exports and the national economy and people's livelihood.

In addition, Niu Ruzheng and Yu Chengsheng are very convinced of Xiao Qi and Xiao Xu, so they have also launched a lot of efforts, not only increasing the support for small and medium-sized enterprises, but also spending the "X trillion revitalization plan" that may be wasted It was reversed, and hundreds of billions of dollars in Fannie Mae and Freddie Mac bonds were redeemed in advance, which greatly increased the country's financial resistance to risks.

So even if the financial crisis breaks out badly, there are only more than 8,000 small and medium-sized enterprises in Huaguo that have gone bankrupt, and more than 18,000 have successfully transformed with the help of the government. After receiving funding, they actively expanded their business scope and explored Europe, Southeast Asia, and Africa. There are more than 21,000 people in the market, which really made those financial experts in Europe and the United States fall through their glasses.

But the current efforts do not mean that you can sit back and relax.

The anti-risk capabilities of these small and medium-sized enterprises in Huaguo are still very weak. If there is another major economic shock in Europe, I am afraid that at least half of the factories will not be able to support them.

The planning of a country cannot be to wait until the problem emerges, and then deal with it according to the situation.

If you don't plan ahead and fully anticipate the difficulty of the situation, then you will be devastated when the time comes.

Niu Ruzheng has his own judgment, but he is not a senior economist after all. As for the subprime mortgage crisis and the financial crisis, even the people on Wall Street in the United States dare not say that they can judge accurately, let alone Hua Those so-called financial scientists in China.

therefore. A person with a clear view of the financial world and the overall situation is particularly important to Niu Ruzheng.

In Niu Ruzheng's eyes, Xiao Qi is such a genius.

Xiao Qi has long been aware of this.

Even when the US financial crisis broke out in September last year. Xiao Qi thought of what to say to Niu Ruzheng now.

I want to ask why Xiao Qi didn't tell him in advance, he insisted on going to Niu Ruzheng to find him, so he told Niu Ruzheng about the situation that Europe will face?

The reason is simple.

To be one step ahead is genius, too many to be ahead. Then it is possible to send you to the research table.

When the financial crisis in the United States just broke out, Xiao Qi predicted to Niu Ruzheng what would happen in Europe. Do you think Niu Ru should admire Xiao Qi, or should he be horrified?

Even if Niu Ruzheng didn't think so, what about the others?

Xiao Qi himself is not saying he is afraid of anything, after all he is now the richest man in the world. There are huge assets at home and abroad. Has full world influence.

But his family and friends couldn't stand the pressure. If he was questioned and harassed every day, how would he live?

Therefore, Xiao Qi would rather talk about it later, because it is impossible for him to be so glorious and great.

"Uncle Niu, you want to ask me what kind of situation Europe will face next, right?" Xiao Qi asked Niu Ruzheng in a harmonious voice.

"yes."

"I also read the comments of some foreign experts. I also learned about the economic development of Europe and the United States through the Fairy Fairy Store and various channels. I think the European economy is not healthy, and even speaking, they are now more dangerous than the United States. Because The two financial crises are not in the same category at all, let alone a level!"

"Huh?" Niu Ruzheng nodded, "That's interesting, continue!"

He came to Xiao Qi because he wanted to hear opinions different from those of experts, so as to inspire himself. Give yourself more inspiration and thinking about dealing with crises.

"What is the subprime mortgage crisis in the United States? Those who are not qualified to buy houses have applied for loans through various illegal means. These loans have also been mortgaged by banks and financial companies in the secondary market and resold to Various banks and institutions." Xiao Qi talked eloquently: "When the economy is developing well, those who are not eligible to buy a house can naturally afford the monthly payment, and those institutions and banks that have purchased subprime debt can also But when the economy is down, people who buy houses can’t even live, how can they afford the loan? So they directly cut off the payment. Under such circumstances, the institutions and banks that bought the subprime debt What they were holding was a pile of waste paper, which immediately caused a huge loss for them.

This is the source of the entire subprime debt, and we can also see that the source of the subprime debt is only in the real estate and financial industries, and has not spread to other industries such as heavy industry, breeding, agriculture, and daily commodities in the United States. This is also the reason why the real economy of the United States has not suffered much since the financial crisis for more than half a year. Under the pressure of the Fed's quantitative easing, it has quickly shown signs of gaining a foothold!

But the crisis in Europe is completely different! This group of people, except for Germany, France and the United Kingdom, is almost lazy to the bone! Over the past ten or twenty years, they have not made any updates in their own industries, nor have they made any outstanding efforts, and their foreign exchange income has been getting lower and lower.

Correspondingly, their own expenses, especially the national welfare benefits, have not been canceled at all. What does that mean? If their people are unemployed, they can basically rely on government subsidies to live a good life, and their wages are even higher than many working people! Under such circumstances, except for Germany, which has high national quality and extremely developed industry, Switzerland and Sweden, which have good financial development, and Britain and France, which have good heavy industry and technology industry, the people of other countries , I took it for granted that I became a slob, a rice bug!

On the one hand, the national income is not high, and on the other hand, the huge social welfare system needs to be supported, so what should they do? That is to borrow money! Keep borrowing money! Then use the new account to make up the old account... This cycle continues until now. Some banks in Europe are already showing signs of collapse. Once they go bankrupt, the finances of the country where they are located will inevitably suffer a huge impact, and the debt capital chain will be broken, and they will be completely dragged down by debts! "

After Xiao Qi said a lot, Niu Ruzheng's expression became more and more serious.

A group of experts discussed for a long time, covering everything from finance to the real economy, but they never talked about what Xiao Qi said.

No one has ever said that the national welfare system of a European country has such a great impact on the economy of the entire country.

"Speaking of which, haven't they been walking on the wire rope all these years?" Niu Ruzheng said in disbelief, "Are they so courageous? Wait a minute, I remember that the standards for joining the EU are very strict. Right? If they are all living on borrowed money, how did they pass the requirements and enter the EU?"

"It's very simple. Borrowing money to make accounts is the same as when we are dealing with inspections here." Xiao Qi shrugged, "Uncle Niu, think about those companies that have suffered serious losses. When they want to get new loans How to do it is basically the same routine for these countries."

"Can you still do this?" Niu Ruzheng was horrified, "This...isn't this a joke about national affairs? How could it be? Britain, France, Germany, Italy, Switzerland, Sweden... how can these countries not see it?"

"With Goldman Sachs, Bear Stearns, Merrill Lynch...these investment bank giants come to help with the accounts, how could there be any flaws?" Xiao Qi laughed, "These investment banks are the root of financial crimes, but it is undeniable that as long as you give enough money , They even dare to deceive the U.S. government, let alone those sponsoring countries of the European Union?"

"It's...too messy, isn't it?"

Niu Ruzheng was horrified several times, and didn't know what to say.

"Uncle Niu, you don't need to be too surprised. Europe combined is just a little bigger than China. Many of these small European countries are not as big as our province. Is it strange that they make some fake accounts?" Xiao Qi Dao said, "The focus of our discussion is not that they make fake accounts, but what kind of serious consequences they will encounter in the context of the current financial crisis! This is what we in China should be vigilant about."

"Consequences..." Niu Ruzheng pondered for a moment, "Is that the sovereign debt default?"

Speaking of this, Niu Ruzheng must know.

Xiao Qi nodded and said: "That's right! It's a serious matter for a country to default on its debt. I don't tell you how serious it is. These countries in the Eurozone don't do this one by two. If it becomes a large scale, Think about what will happen to the Eurozone? To put it a bit exaggerated, it is not impossible for the Eurozone to collapse from now on, right? "

"The euro zone collapsed? Do you know what you're talking about?" Niu Ruzheng shook his head again and again, "How is this possible? This is the second largest economy in the world!"

"This is just my inference. I don't know if it will happen or not." Xiao Qi is talking nonsense with his eyes open. He can't say everything accurately, right?

"Well, although I don't know if the matter in the euro zone is as serious as you said, but overall it seems to be somewhat reasonable." Niu Ruzheng said solemnly, "In this way, after you go back, collect the information you have collected. Pass it to me as soon as possible, so I can discuss it with an expert."

"it is good!"

Xiao Qi readily agreed.

It may be difficult for others to find detailed information, but it is much easier to find the information in reverse after knowing the results.

Xiao Qi has already prepared it, and it is guaranteed that the experts here will be convinced by then!

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