Chapter 1145 Profits Soar

At this time, Leobold Roshir said suddenly and solemnly: "Mexico is one of the economic leaders in Latin America. Now that Mexico has voluntarily defaulted, other countries are likely to follow."

"After all, Argentina, Colombia, Brazil, Peru and other countries also have staggering debt."

"Once these countries also follow the initiative to default, then the more than 13.68 billion sovereign debts held by our banks will be in crisis, Latin America will also have an economic crisis due to this, and it may even spread to the whole world."

“Our banks have also lent more than $10 billion to many companies in Latin America.”

"If the debts of more than 20 billion US dollars are in trouble, then our bank will face the crisis of bankruptcy and reorganization!"

"I'm 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, Leobold Rothier couldn't go on, he couldn't imagine how much pressure and trouble their family would face if that scene really appeared.

Jacob Rothier's face was gloomy.

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

"Once they default in a group, the initiative will be entirely in their hands. It is our banks who should panic. We will have to carefully consider any excessive conditions they put forward."

"So now, we have to prepare for the worst!"

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

Jacob Rothier nodded slightly and added: "Now this time the biggest crisis of the family after World War II may break out. We must mobilize all the funds of the family to prevent risks."

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

Evelyn Rothier nodded solemnly and replied: "Okay, don't worry, I will do my best to collect the funds."

Jacob Roshir looked at Leobald Rosier again and instructed: "Leobald, Evelyn's work is rather tedious, and if you can't get away for the time being, you will be the one to contact the major creditors in Europe. bank."

"As for America..."

"I will call in person. I think Rockefeller and Morgan did not expect Mexico to do this for this crisis, and they must be trying to figure out a way 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 Rohir family began to act.

Although the Rothier family is deadly enemies with the Rockefeller family and the Morgan family.

However, in the debts to Latin America and other countries, in fact, large and small banks in Europe and the United States and other countries are all on the same boat and have long been inseparable.

Take the most obvious example, such as Citibank of the United States.

When lending to Latin American countries, at least $20 billion of Citibank's more than $50 billion in cross-border lending was lent to sovereign countries, and the rest was lent to government or private lenders engaged in commercial activities .

Large banks such as Citibank have always been known to be strict in lending audits, so in the banking field, they have the role of popular targets.

If the Mexican government needs a loan of five billion dollars, it will usually find a big bank, such as Citibank, as long as Citibank agrees to loan one billion or two billion dollars.

Then the small and medium-sized banks remaining on the sidelines will rush to divide the loan amount.

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 carry it through, but a large number of small and medium-sized banks will definitely go bankrupt.

These small and medium banks went bankrupt,

The impact is also extremely bad, seriously damaging the foundation of the banking industry, and then triggering a crisis in the entire banking system. Citibank will never be able to escape, and it will even focus on fire because of the particularly large amount of lending.

Almost all the smart people in the financial industry took action after realizing the seriousness of the matter.

Federal Reserve Chairman Paul Volcker, U.S. Treasury Secretary Donald Reagan, Citibank President, Chase Manhattan Bank President, Merrill Lynch President... A whole bunch of financial giants gathered urgently to discuss the response.

After the end of August 6, a proper measure has not been discussed.

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

Although there is no way for the print media to report in time, TV stations in various countries have already reported the relevant situation.

The general public in various countries began to worry.

Although the TV station has stated that the government will definitely come forward to solve it properly, there are still many cautious people rushing to the bank with bank cards, and they want to take out the money to be more secure.

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

Under the general trend of U.S. stocks soaring and the dollar appreciating, the stock prices of U.S. listed banks have bucked the trend and plummeted.

But this is exactly what Xia Yu wanted to see.

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

Tang Yong's team has a floating profit of more than 220 million US dollars.

Xue He's team made a 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 floating 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 1.263 billion US dollars!

If you add the 700 million US dollars that the entire Galaxy Fund lost, it is equivalent to a gain of more than 1.96 billion US dollars on this day.

Really scary!

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

However, he remained calm, and after encouraging each team, he specifically told them to continue to remain calm and maximize their results.

In the next few days, the bad impact of Mexico's sovereign debt default became more and more serious. After media reports from all over the world, it was almost known to everyone. Of course, Xia Yu's media empire helped fuel the flames.

However, under the current circumstances, it is normal for the media to rush to report related news, so it did not arouse suspicion from others. Instead, because of various excellent news, the media controlled by the Jiuding Consortium behind the scenes have a tendency to stand out. , The sales of many newspapers have increased, and the ratings of TV stations have also continued to rise.

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 Galaxy Fund reached more than 3.63 billion US dollars.

It's August 9th.

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

Eleven in the morning.

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

The high-sounding nonsense spoken by the Argentine Finance Minister later was ignored, and major banks in Europe and the United States wailed, especially the banks that lend to Argentina.

And Argentina, after declaring its inability to repay its debts, Argentina's already volatile and declining stock and foreign exchange markets completely collapsed!

PS: There is only one update today. The work has to be crazy. I have to work overtime at noon and night.

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