Extraordinary Genius

Chapter 1805: Help

At this time, the banking industry in the United States is trying its best to tide over the difficulties, but there are many ways, but the most fundamental point is the need for money.

When the economic situation is not good, especially after many banks have gone bankrupt, the most common way for ordinary people is to quickly cash out their deposits.

In their view, keeping cash at home is safer than keeping it in a bank. If these banks also fail, their money will really become waste paper.

As a result, centralized payment occurred, which aggravated the bank's cash burden. The cash reserves of normal banks are not particularly large. In many cases, 10% of the deposits are enough for circulation, and 20% is already considered a lot. When interest rates are raised, big banks with good reputation Seven percent is enough.

But this time, it was far from enough.

Another interesting point is that the credit cards issued by those banks that have not failed are still in normal use.

Some people were pleasantly surprised to find that they applied for a credit card at a certain bank, and before they could repay the payment, that bank closed down.

Although the accounts are still there, whoever takes over the bankrupt bank will receive the accounts. But there is no need to pay it back for the time being, have the accounts been deactivated?

Some banks even went bankrupt directly, and this directly became a dead debt, and they all felt that they had taken advantage of it.

At this time, many people went to big banks to apply for credit cards. Although the review system has become much stricter, they can still be processed.

And many people who have applied for credit cards before have also started to swipe their cards frantically. Some are unemployed during this period, and their own income has been cut off, so they can only cash out through credit cards to maintain their current lives.

Some simply want to take advantage of it and wait for the bank to go bankrupt so that they don't have to repay, or temporarily don't have to repay.

As a result, the pressure on those banks has become greater and greater. They cannot stop the credit card business. After all, there are still many people who are using it normally and have sufficient repayment ability.

The bank has laid off a large number of employees, the manpower itself is insufficient, and the credit card side has no ability to review in detail, resulting in a growing gap.

The more chaotic, the more loopholes, Feng Yu is very happy to see these situations.

The decline in the reputation of those banks is also an opportunity. At this time, Minsheng Bank is choosing a location in a low-key manner, preparing to enter the US market on a large scale.

At that time, with Feng Yu's name, the bank's reputation will not be low. It's just that Feng Yu also knows that there will definitely be some restrictions. However, when there are many gaps in the banking industry in the United States, the United States will definitely not restrict the entry of Minsheng Bank, but there may be restrictions on operating items.

Xiao Bu Shi came to Huaxia to attend the opening ceremony of the Olympic Games, and stopped by ~ Hua.

The main intention is to deepen cooperation with Huaxia. The United States is one of China's most important export markets, and China is also the most important market for the United States.

Especially at this time, many Chinese companies have delisted from the financial market in the United States, and then returned to Hong Kong or Shanghai to re-list after finishing up. This has a great impact on the stock market in the United States.

If it is followed by companies in other countries, the US stock market will be hurt more severely.

Xiao Bushi wants to talk to Huaxia, can some companies not be delisted, the financial market in the United States will definitely develop again, it is the best and most mature financial market in the world, and it will definitely not completely The collapse, which is also of great benefit to the development of Huaxia's enterprises.

Also, I hope that Huaxia can also spend a large amount of money to support their rescue operation in the United States. After all, Huaxia also has a lot of foreign exchange investment in the United States, especially Huaxia still holds a lot of dollars. The US economy has been severely hit, which is also a great loss to Huaxia.

Some island countries, the European Union, etc. have contributed a lot of money, because their economies are also closely related to the United States.

The strategy of the United States to kidnap the world can be simply understood as they make themselves a listed company,

Other countries are all shareholders.

When the company is losing money, major shareholders have no money to continue to invest, and if small shareholders do not invest money, the company will lose more and even risk bankruptcy. Although major shareholders lose the most, small shareholders lose a lot.

If there is money, then the company can still turn losses into profits, and your minority shareholders should quickly use the money to save the company.

For example, the European Union and the island countries are the top shareholders, and they have to take out the money to save the company, otherwise the previous investment will be in vain.

Huaxia's side is not the same. They found an excuse for spending too much on the Olympics, and only invested a little bit of tokens, and then said they had no money.

Anyway, the United States still has to spend money, and the European Union and the island countries will not stop. Even if Huaxia does not pay, it will not suffer a big loss. Instead, it can take the opportunity to swallow some markets or something.

If Huaxia wants to get rid of this kind of bondage of the United States, it cannot blindly follow the requirements of the United States, otherwise it will be difficult to get rid of it forever.

Although in this way, the investment from the United States to China will definitely decrease in the future, but China is not worried.

Feng Yu followed up with the analysis above, and the Huaxia market is something that businessmen want to enter and occupy. With a high population density and fast growth in spending power, who wouldn't want to come here to make money?

Not to mention that the United States certainly has no way to restrict those companies from investing in China, even if it is completely restricted, so what? The United States chooses to hurt each other, and funds from Europe and other Asian countries will definitely rush in.

In addition, Huaxia can take the opportunity to stimulate domestic demand and develop alternative industries. The loss of the United States will definitely be much greater than that of Huaxia. The economy of the United States has been seriously affected at this time, and they absolutely dare not really play with China and hurt each other.

Feng Yu analyzed the situation in the way of the business field. Of course, these conclusions are based on the huge information and data collected by the team.

Only then did Huaxia strengthen their confidence. They discovered that the country of America, which they had always envied, was nothing more than that. It turns out that the prosperity of the United States is also accompanied by huge hidden dangers.

Their floors are high, but the foundations below are already riddled with holes. Fortunately, they have already started to slowly plan to withdraw investment from the United States, otherwise they really have to help now and pay for the mistakes made by the United States.

Originally, Huaxia used the Olympic Games as a prevarication, but the sponsorship fee for the Olympic Games has just been announced. Xiao Bushi saw that you have received such a huge amount of sponsorship fees for the Huaxia Olympics.

You don't need to be a fool to know that you are definitely making money by hosting the Olympics in China. And you have included urban transportation construction in the Olympic investment, where is such a calculation?

In general, the venues and the Olympic Village count. Without the Olympics, don't you build roads?

But Huaxia found another excuse at this time, that is, Huaxia is implementing a universal social security policy at this time, and all the money has been spent, so there is really no money.

We haven't sold your U.S. national debt yet, it's already kind enough!

While Xiao Bushi and the others were busy, Feng Yu and the others also started to move.

...

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