Chapter 1828: The Poor Country of America
The Liangfang Group was taken over by the U.S. government. When everyone thought that the Liangfang Group might survive the difficulties, Feng Yu asked people to publish a series of data on the media.
These include the fiscal revenue and expenditure of the U.S. government in the first half of this year, the debt amount and debt ratio of the two rooms, the loss amount of major U.S. banks, the default rate of real estate loans, and so on.
Once these data were released, there was an immediate uproar.
Ordinary people may not pay too much attention to these. They just look at some superficial phenomena and think that the United States is the richest country in the world, and the government of the United States must also be the richest government.
But when they saw the fiscal deficit, they were surprised to find that the U.S. government had no money.
Moreover, the amount of national debt issued by the U.S. government far exceeds that of other countries, with 1.5 trillion U.S. dollars purchased by many countries in Europe and Asia.
The interest on national debt is higher than that of banks. That is to say, even if the United States has a good tax revenue, it must first pay off the mature national debt held by other countries before it can be used for the normal operation of the government.
And the taxation of the United States can't support the normal operation at all. They can only continue to issue national debt and operate in debt.
Although it seems that the U.S. economy has developed very well in the past few years, when Xiao Bushi was in office, he started a war. The money consumed by the war is also an astronomical figure.
Not only to buy those weapons and equipment, but also to pay soldiers' salaries, pensions and so on. This is a very large expenditure.
Infrastructure, welfare, etc. cannot be stopped. Since last year, the number of unemployed people in many industries in the United States has increased significantly, which has increased the number of people receiving government benefits and increased government spending.
In addition, in order to stabilize the market economy last year and the first half of this year, bailing out those financial institutions was also a large expenditure. The current U.S. government is basically in a situation where the debt ratio is extremely high and it cannot make ends meet.
How can such a U.S. government save the two groups?
If you have money, of course everything is easy to talk about. It is very difficult to earn 10,000 quickly with 10,000 yuan, but there are many ways to earn 10,000 quickly if you have a million dollars.
The problem is, the US government has no money at all!
The hole in the two rooms is simply irreparable. Some consortiums have money, but they will never use it to fill this hole.
Generally, when the government has no money, there are actually two ways. One is to issue treasury bonds, and the other is to borrow from banks. Then find a way to increase income repayment in the next year, which can increase tax rates and stimulate the economy.
But at this time, the national debt of the United States cannot be issued normally at all. The economy of the United States is like this. Who will buy the national debt of the United States.
Xiao Bushi had a chat with Huaxia, and he found that the one who can come up with a lot of cash now is Huaxia. Unconsciously, Huaxia's economy is developing so fast, and Huaxia's state-owned enterprises are also developing very well, and their income has increased sharply year after year. Huaxia's government must be rich.
Xiao Bu Shi originally wanted to sell a large amount of national debt to Huaxia, so that the United States would have money to operate normally, and he was willing to pay high interest for this.
But unfortunately, this point was directly rejected by Huaxia. The answer given by Huaxia is that Huaxia is also short of money now, and in order to prepare for the Olympic Games, it has also issued a lot of national debt, and it is time to repay it.
And because the Olympic Games allocated more funds to the capital, other provinces complained quite a lot, so Huaxia plans to increase allocations to other provinces to invest in infrastructure, transportation, etc., and really have no money to buy US national debt.
Although Huaxia has a lot of foreign exchange reserves, most of them have bought European government bonds or something, and there is very little cash. If you buy a large amount of U.S. treasury bonds, Huaxia's foreign exchange reserves will be insufficient.
But since Xiao Bushi has spoken, Huaxia still wants to express his friendship and mutual assistance. So what, just buy 500 million US dollars of US treasury bonds.
When Xiao Bushi heard these words, he almost died of anger!
Five hundred million U.S. dollars, should we issue treasury bonds for such a small amount of money? How can it be tens of billions of dollars?
You Huaxia are not helping, you are clearly ridiculing us! Our country is so big, and there are so many places to spend money, 500 million US dollars, you are sending those small countries in Africa!
Xiao Bushi didn't close talks with Huaxia, and he was also talking with the European Union, island countries, South Korea, Southeast Asia and other countries. Unfortunately, these countries don't have much money now.
And because a large number of banks in the United States are short of funds, they have already bailed out a large amount of money, where is there more money? If it's a few hundred million dollars, they can take it out, but if it's tens of billions of dollars, they can't answer that.
Of course, Xiao Bushi knew that this was also an excuse. All the countries and regions he asked for help could provide 10 billion U.S. dollars. Especially the European Union, a strategic alliance formed by so many countries, how come there is no 10 billion US dollars?
These are obviously excuses, but he has nothing to do. Why should other people's money have to aid the United States?
Originally, the United States could still borrow from banks, but too many banks in the United States have gone bankrupt, and some of the remaining banks are also in a state of currency shortage.
Although the bank seems to have strong assets, there is not much money that can really be used, and most of it is loaned or invested.
Now that the economic situation is like this, their cash is higher than usual to deal with the possible centralized redemption situation. They can't cash in bonds or something to customers, can they?
Banks want to lend, and the credit rating of the US government is still very high. But they really have no money. Small loans are fine, but the Bank of America can't afford a loan of tens of billions of dollars like the US Government Axe.
Don't forget that this year, financial institutions such as banks had the highest layoffs, and they laid off more employees than the US auto industry, which is on the verge of bankruptcy.
It can be seen that in order to save money, commercial banks in the United States have also used various means. What's more, in the hands of these banks, there are still a large number of mortgages and car loans that may default.
In the past, the United States encouraged financial innovation, and various financial derivatives, with the most in the United States. But when the economic situation deteriorates, financial institutions lose the most.
Their short-term trading volume cannot solve the current predicament at all, which has caused a large number of financial institutions in the United States to go bankrupt, and has affected many financial institutions in Europe and Asia.
Everyone was shocked when they saw the data and situation analysis.
It turns out that the US government, which they have been full of confidence for a long time, has reached the time when the fuel is exhausted?
So after the US government took over the Liangfang Group, will it be dragged down by the Liangfang Group?
Can the Two Rooms Group really be saved?
After the market opened that day, the shares of Liangfang Group fell sharply again, with a drop of more than 40%!
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