Chapter 1323 Chain Reaction
Siheyuan.
Today, the outside is relaxed but the inside is tight. Although the store is still open, the roads leading to the inside are closed.
At this moment, Liu Tao is entertaining guests.
This time, George Wharton went against all odds and withstood huge pressure to attend the opening ceremony of the Beijing Olympic Games, making this the most heads of state in history to attend the opening ceremony of the Beijing Olympic Games.
All heads of state and major figures from all countries in the world attended the opening ceremony of the Beijing Olympic Games, which has never happened in any previous Olympic Games.
This is a favor, and Liu Tao deserves it. Today, he played the role of host and entertained George Wharton, witnessing the friendship between the two sides for more than 20 years.
However, the identities of the two people inevitably talked about business and inevitably quarreled.
"George, this is something you Americans did, and you should pay for your mistakes!" Liu Tao did not give in, "If you want to help, you can, but what price can you pay?"
There are only eternal interests between countries, not eternal friendship!
This is the truest portrayal of international relations!
Even now, in modern international relations, it is difficult to escape from this iron rule.
Liu Tao is not opposed to helping Americans, but the question is what price Americans can pay?
The subprime mortgage crisis was caused by Americans. It was the greed of Wall Street that led to this huge crisis.
Also this year, the greedy Wall Street exploded again, which completely caused the financial and economic crises to break out.
Lehman Brothers, an investment bank giant with a history of more than 150 years and considered too big to fail, officially declared bankruptcy, with public debts as high as 800 billion US dollars, more than 20 times its own assets.
In the past, no one believed that Lehman Brothers would go bankrupt, even their employees thought so, because their own company had survived a hundred years of various storms and still stood firm.
But Lehman Brothers still collapsed. After Lehman Brothers filed for bankruptcy protection, the US government and Wall Street giants refused to lend a hand.
Because the US government and other Wall Street giants used Lehman Brothers as a sacrifice to kill chickens to scare monkeys and calm public anger.
American public opinion and the American people are very dissatisfied with the government's rescue of the market to Wall Street, so there must be a Wall Street giant to become a sacrifice.
And the victim chosen was Lehman Brothers.
But Lehman collapsed, and people panicked.
The trampling effect of the financial market has reappeared. The bankruptcy of Lehman Brothers has caused many people to lose all their money, and then it has affected other investment banks and banks. Many people have transferred assets or redeemed their principal in advance, causing the US stock market to fall sharply again. The economic weathervane Dow Jones Index fell below the psychological barrier of 10,000 points in January.
In January and February, China was fighting snow disaster relief; in May, China was carrying out earthquake disaster relief!
But from January to now, the United States has only done one thing, that is, saving the market!
As a capitalist country, since the beginning of the "de-industrialization" that year, it has transformed into a financial capitalist country. Finance has always been the top priority of the United States.
Compared with the industrial capital period, the financial capital period is undoubtedly easier to make money and has higher profits.
Wall Street has grown in a short period of time and has become the most important force in the United States.
Financial capital represented by Wall Street is directly related to the national capital of the United States.
Saving finance is saving the United States!
I don’t know how many people regret not saving Lehman Brothers, but it’s useless to regret it.
In just a few months, after Lehman Brothers collapsed, Goldman Sachs and other large investment banks could not bear it and filed for bankruptcy.
There are even more small and medium-sized investment banks and banks that filed for bankruptcy.
For the United States, the impact of this crisis is no less than the Great Depression of 1929.
The United States is miserable, and European and American countries and Japan and South Korea are naturally not much better, because the financial and economic ties between them are too close.
Even many countries that implement high social welfare have long been heavily in debt, and this time they have also collapsed.
The United States and other countries have not wanted to take military risks this year.
For example, at the Japanese Air Force Base, 5 F-22 "Raptor" fighters took off on the night of the Spring Festival Eve for a test, and were intercepted by 5 J-20 fighters.
It was also at this time that the J-20 fighter was finally confirmed by the US military.
There is also a reconnaissance satellite, which was used as a test product and was directly destroyed during the laser anti-satellite experiment.
And the meaning of this is naturally self-evident.
Before this, some people doubted why the laser anti-satellite experiment and intercontinental missile experiment were held again. They did not know the inside story.
Even Russia tried it, but when faced with a heavy composite brigade conducting exercises, it retreated.
A correct version in the 16-9 book forum!
George Wharton couldn't help but smile bitterly when he heard Liu Tao's words.
The rescue plan of up to 700 billion US dollars was upgraded to 850 billion US dollars in just 10 days. To put out the fire from the source, Fannie Mae and Freddie Mac, the two major subprime initiators, received high-profile capital injections from the government.
When Goldman Sachs and other large investment banks and banks applied for bankruptcy protection, the US government also lent a hand to prevent them from really going bankrupt.
At the same time, the Federal Reserve announced a substantial interest rate cut, implemented quantitative easing policies, and increased the amount of money in the market to release water to save the market. The first round of scale was as high as more than 1 trillion US dollars.
This means that the US government has really entered the battlefield and has become the protagonist.
Who is the world's largest debtor?
Of course it's the United States!
The size of the U.S. national debt has exceeded 10 trillion U.S. dollars!
They still dare to implement quantitative easing policies when they owe so much money, starting with a trillion-dollar scale. Aren't they afraid of inflation?
If you owe the bank 10,000 yuan, the bank is your uncle! But if you are qualified to owe 100 million, you are the bank's uncle!
As the global hegemon, the United States has kidnapped the world's economy and dominated the industrial structure on the earth.
They can transfer and export their own inflation to countries around the world and release the US dollar to the world!
This trick has been tried and tested by the United States!
As the saying goes: Whoever controls oil controls all countries; whoever controls food controls mankind; whoever controls currency controls the global economy.
But this time, the effect of this trick of the United States is not as effective as the United States imagined.
Oil and natural gas were burned to pieces by Liu Tao's two fires. One of the important reasons for the sudden intensification of the US crisis this time is that the companies that auctioned the oil fields before actually lost money after the energy prices fell.
And the United States has not been able to control oil!
As for food, the United States has plenty, but it depends on who it is targeting.
This move is also very ineffective.
Even currency, as the proportion of the US dollar in the world trade currency system settlement has dropped to less than 35%, the effect of monetary policy is also not as expected.
At the China-US summit, economic issues are the top priority, but the United States wants to get help without paying a price, and as a result, the cooperation between the two sides in saving the market has no effect at all.
Scholars who take money advocate that saving the United States is saving China. This argument affects many people, but it does not affect the decision-makers at all. (End of this chapter)