Chapter 1829

The U.S. political axe itself has taken over a big trouble, that is, the world's largest insurer, the U.S. International Group, with total assets of more than one trillion dollars.

At that time, the U.S. government axe could not help other financial institutions. Otherwise, it would not let the U.S. bank acquire Merrill Lynch, find someone to take over Bear Stearns, or even go to Reiman brothers bank to apply for bankruptcy. This is the top investment bank in the United States.

This time, when the US government ax took over the LiangFang group again, Feng Yu found someone to burst out that the fiscal deficit was extremely high and he couldn't bear it at all, the economic and financial crisis of the US inevitably broke out.

Originally, the subprime crisis in the United States was very serious. Otherwise, there would not be so many financial institutions bankrupt, and banks in Europe and Asia would be needed to inject capital.

But at that time, the United States put on a strong image that we can solve all these difficulties and temporarily stabilize the market.

This time, when the pits are exposed, the political axe of the United States can no longer be suppressed. The subprime mortgage crisis has really evolved into the financial crisis of the United States, even the financial storm, and it will affect many countries and regions around the world.

Some countries have bought the national debt of the United States, or invested a lot in the United States. As the economy of the United States declines, they naturally lose money.

Other countries link their currencies to the US dollar. When the US dollar continues to depreciate, their currencies are also depreciating, their purchasing power is declining, and they become inflation.

But the root cause is the death of the political axe of the United States!

The housing plan of xiaobushina stimulated the development of real estate, let more subprime loans be issued, and seriously ignored the quality of assets.

Originally, this problem was not too serious, but the financial products that Wall Street in the United States encouraged "innovation" were abused, the financial transaction chain became very long, asset securitization, packaging the products with the original value of one dollar into more than ten dollars, seriously exceeding the original real value.

Among them, Merrill Lynch and Leiman brothers are the leaders, so they are also the two largest financial institutions that have declined or even gone bankrupt as a result.

Some people say that the root cause is the rising default rate caused by the falling or even collapse of real estate prices, which even has a crucial relationship with the recession of the automobile industry in the United States. Otherwise, there will not be so many people out of work and the default rate will not be so high.

But in fact, this is because of the political axe of the United States.

In 2003 or so, when the housing plan of "little Bux" was implemented, the interest rate of the Bank of America was only 1%. And in less than two years, from 6.5% to 1%.

At that time, the speed of real estate growth was much higher.

So many people find that the interest rate of loans is not as fast as that of real estate. Now it's very cost-effective to buy a house.

When they bought a house, the Fed kept raising interest rates.

By 2007, the interest rate had been back to a high of 5.75%, that is to say, many people's loan interest rate had increased more than five times!

In addition, the staff of many lending financial institutions deliberately left loopholes in their contracts, so that the interest rate of loans rose with the adjustment of the Federal Reserve, which sharply increased the pressure on many people to repay.

Why should the US adjust its interest rate? Because to increase income, the government of the United States is poor and has no money.

Originally, the economy of the United States was so good, how could it suddenly run out of money? Because of the war!

One of the reasons why the United States launched wars in Iraq, Afghanistan and other regions is to show its military and factual strength, and also to prevent the outbreak of domestic conflicts. But the most fundamental reason is that Iraq decided at that time to settle oil in dollars instead of euros.

If the U.S. is afraid that other OPEC countries will follow suit, then the position of the U.S. dollar will decline seriously. Several wars launched by the United States have a fundamental relationship with these.

The government of the United States has not always been supported by consortiums. Among them, energy, finance and military industry are the main industries. Technology enterprises such as Microsoft can't rank No. 1 at all. Even Wal Mart group, the top 500 company in the world, is nothing.

Originally, the U.S. thought that the war in these two regions would be enough for us $560 billion in military expenditure. It could not only realize the political and political intention, let crude oil still be linked to the U.S. dollar, but also show its strength, let them have more say in the world, and suppress the growth of the euro, and suppress the economic development of Asia.

Unfortunately, due to the support of Europe and Asia to the Middle East, the war did not end in a short period of time according to the plan of the United States. Instead, it took a long time, making the expenditure of the United States from the planned tens of billions of dollars to nearly 800 billion dollars!

Can such a high expenditure go without tax? Don't think of ways to generate income, the political axe of the United States has long gone bankrupt!

So the fundamental reason lies in the decision-making of the political axe of the United States and the policy of the small cloth ten.

It's a little bit worse than Clinton. Colington also launched a war. COSO Waugh, at that time, it was also because the euro wanted to challenge the status of the dollar.As a result, Clinton successfully changed the euro from $1:1.17 to $1:0.86. The dollar did not appreciate, but the euro depreciated.

In addition, the financial storm broke out in Asia during the Clinton term. Apart from the few who survived, such as China, the fastest-growing region in Asia, including the island countries, suffered heavy losses.

It seems that the economy of the United States is very good, but in fact, there are many hidden dangers. Those financial groups have completely disrupted the financial market of the United States.

Before the United States, there were many investment banks. The so-called investment banks were domestic securities companies. These investment banks went bankrupt one after another.

The last two investment banks left on Wall Street are Goldman Sachs and Morgan Stanley. At last, these two investment banks also began to apply for conversion into commercial banks, so that they can absorb and store normally.

That is to say, with cash inflow, they can get through the difficulties themselves without the aid of political axe.

Of course, although they are commercial banks, they still have investment banking related businesses.

However, the two world's top investment banks will also be turned into commercial banks, which is enough to prove that the financial crisis in the United States is beyond the capacity of the government.

Meanwhile, the same-purpose cars, Chrysler cars and rich enterprises that have been dead shouldered all the time have also announced that they suffered heavy losses in the first half of this year, hoping to get the help of the political axe.

It's OK for Fute to sell some of its businesses at the earliest time and be able to get through the difficulties with its own ability, but it's different from cars and Rolls Royce. They are also preparing to apply for bankruptcy protection!

Feng Yu looks at the news on the Internet. The financial storm really broke out, but it's not serious enough. It seems necessary to push it again!

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