Age of Dreams

In fact, Niu Ruzheng didn't know that compared with the previous life, the situation in China is much better now.

Although the U.S. subprime debt crisis has spread to the world and China’s small and medium-sized export companies are inevitably affected, this impact is still within the controllable range. Millions of small and medium-sized factories have closed down, and the Pearl River Delta Economic Belt and the Yangtze River Delta Economic Belt are wailing.

This is because Xiao Qi raised an early warning in advance. The Rising Sun commentator has posted at least 30 internal and reference articles last year to the present, and put forward a lot of very good suggestions for exports, national economy and people's livelihood.

In addition, Niu Ruzheng and Yu Chengsheng were very convinced of Xiao Qi and Xiao Xu, so they also launched a lot of efforts, not only increased support for small and medium-sized enterprises, but also the "x trillion revitalization plan" that might be wasted. It was reversed, and hundreds of billions of dollars of Fannie Mae and Freddie Mac bonds were redeemed in advance, which greatly increased the country’s financial ability to resist risks.

Therefore, even if the financial crisis broke out, only more than 8,000 small and medium-sized enterprises in China have closed down, and more than 18,000 have successfully transformed with the help of the government. After receiving funding, they actively expanded their business scope and opened up Europe, Southeast Asia, and Africa. There are more than 21,000 in the market, which really makes those financial experts in Europe and the United States fall through their glasses.

But the hard work now does not mean that you can sit back and relax.

These small and medium-sized enterprises in China still have weak anti-risk capabilities. If there is another major economic shock in Europe, at least half of the factories will not be able to support it.

In a country’s planning, it is impossible to wait until the problem comes up, and then I will deal with it according to the situation.

If you have not planned well in advance and fully anticipated the difficulties of the situation, then wait for it to be exhausted.

Niu Ruzheng has his own judgment. But after all, he is not a senior economist, and this kind of subprime mortgage crisis and financial crisis, even the group of people on Wall Street in the United States dare not say that they can make accurate judgments, let alone the so-called financial sciences in China. Homes.

Therefore, a person with a clear view of the financial world and the overall situation is particularly important to Niu Ruzheng.

Xiao Qi was in Niu Ruzheng's eyes. That's such a genius.

Xiao Qi already knew this well.

Even when the US financial crisis broke out in September last year, Xiao Qi thought about what to say to Niu Ruzheng now.

I want to ask why Xiao Qi didn't talk about it in advance, and had to come to Niu Ruzheng to find him, so he told Niu Ruzheng about the situation that Europe will face?

The reason is simple.

One step ahead is a genius. If you lead too much, then you may be sent to the research platform.

When the American financial crisis just broke out, Xiao Qi predicted to Niu Ruzheng what would happen in Europe. Do you think Niu Confucius should admire Xiao Qi, or should he feel shocked and inexplicable?

Even if Niu Ruzheng doesn't think so. What about the others?

Xiao Qi didn't say anything to be afraid of himself. After all, he is now the richest man in the world. He has huge assets at home and abroad, and he has full world influence.

But his family and friends can't stand this pressure. If they are questioned and harassed every day, how can they live?

Therefore, Xiao Qi would rather talk later. He could not be so glorious and great.

"Uncle Niu, you want to ask me. What kind of situation will Europe face next, right?" Xiao Qi asked Niu Ruzheng in harmony.

"Yes."

"I also read the comments of some foreign experts. I also used fairy direct stores and various channels to understand the economic development of Europe and the United States. I think the European economy is not healthy, even speaking. They are now more dangerous than the United States. Because The financial crises of the two are not a category at all, let alone a level!"

"Huh?" Niu Ruzheng nodded, "Interestingly, continue!"

He came to Xiao Qi because he wanted to hear different opinions from those experts. Use this to inspire yourself, give yourself more inspiration, and think about how to deal with crises.

"What is the subprime mortgage crisis in the United States? Those who are not eligible to buy a house have applied for loans through various illegal means. These loans have also been mortgaged by banks and financial companies on the secondary market and resold to Various banks and institutions.” Xiao Qi said eloquently: “When the economic development is okay, those who are not eligible to buy a house can naturally afford monthly payments. Those institutions and banks that have purchased subordinated debt will also be able to afford monthly payments. Can get income. But when the economy is down, people who buy a house can’t even make a living. Where can they afford to pay for the loan? Therefore, they directly cut off the supply. In this case, the institutions and banks that bought the subordinated debts What they were holding was a pile of waste paper, which immediately caused a huge loss for them.

This is the source of the entire subordinated debt, and we can also see that the source of subordinated debt is only in the real estate and financial industries, and has not affected other heavy industry, farming, agriculture, daily commodities and other industries in the United States. This is also the reason why the actual economy of the United States has not been hit much since the financial crisis for more than half a year. Under the pressure of the Fed's quantitative easing, it has quickly shown signs of gaining a foothold!

But the crisis in Europe is completely different! Except for Germany, France, and Britain, these people are almost as lazy as they are! Over the past ten or twenty years, they have not made any renewal in their own industries, nor have they made any outstanding efforts, and their foreign exchange earnings have been getting lower and lower.

Correspondingly, their own expenses, especially the national welfare benefits, have not been abolished at all. What does that mean? If their people are unemployed, they basically rely on government subsidies to live a good life, even more than many people who work! In this case, with the exception of Germany, which has a high-quality national and extremely developed industry, Switzerland and Sweden, which have developed financially well, and the UK and France, which have very good heavy industries and technology industries, the people of other countries , Of course be a slacker, Mi Chong!

On the one hand, the national income is not high, on the other hand, the huge social welfare system needs support, so what do they do? That's borrowing money! Keep borrowing money! Then use the new account to make up the old account...This cycle continues, until now. There are already signs of bankruptcy in some European banks. Once they go bankrupt, the country's finances will inevitably suffer a huge impact, and the debt capital chain will be broken, and the debt will be completely dragged down! "

Xiao Qi said a lot, Niu Ruzheng's expression became more and more serious.

A group of experts have discussed it for a long time, covering everything from finance to the real economy, but they have never discussed it from what Xiao Qi said.

No one has ever said that the national welfare system of European countries has such a big impact on the economy of the entire country.

"Speaking of which, haven't they all been walking on the wire rope over the years?" Niu Ruzheng said in disbelief, "they are so bold?... Wait a minute, I remember the EU's accession standards are very strict. Right? If they all live by borrowing money, how did they pass the requirements and enter the EU?"

"It's very simple. Borrowing money to do the accounting is the same as when we are doing inspections here." Xiao Qi shrugged, "Uncle Niu, think about those companies that have suffered serious losses. When you want to get new loans, How to do it in these countries is basically the same."

"Is it possible to do this?" Niu Ru was horrified. "This...isn't this a joke about national affairs? How could it be? Britain, France, Germany, Italy, Switzerland, Sweden...how can these countries not be seen?"

"There are Goldman Sachs, Bear Stearns, Merrill Lynch... these investment banking giants are here to help with the accounting, how can there be flaws?" Xiao Qi laughed, "These investment banks are the root of financial crimes, but it is undeniable that as long as you give enough money , They dare to deceive even the US government, let alone those initiating countries of the European Union?"

"Too... messed up, right?"

Niu Ruzheng was horrified several times, and he didn't know what to say.

"Uncle Niu, in fact, you don't need to be too surprised. Europe is just a little bigger than China. Many of these small European countries are not as big as ours. What's weird about them doing some false accounting?" Xiao Qi "The focus of our discussion is not that they falsified accounts, but what serious consequences will they encounter under the background of the current financial crisis! This is what China should be wary of."

"Consequence..." Niu Ruzheng pondered for a moment, "That is the default of the sovereign rights and debts of the country?"

Speaking of this aspect, Niu Ruzheng must know.

Xiao Qi nodded and said: "That's it! A country encounters a debt default, how serious this is, I don't say you know. These countries in the euro zone are not doing this one or two. If they become a scale, Do you think about what will happen to the Eurozone? To put it more exaggeratedly~www.wuxiaspot.com~It is not impossible that the Eurozone will collapse from now on?"

"The Eurozone collapsed? Do you know what you are talking about?" Niu Ruzheng shook his head again and again, "How is this possible? This is the second largest economy in the world!"

"This is just my inference. I don't know if it will be." Xiao Qi is just telling lies with his eyes open. He can't tell everything accurately, right?

"Well, although I don't know if things in the Eurozone are as serious as you said, they seem to make sense in general." Niu Ruzheng said solemnly, "In this way, after you go back, collect the information you collected. Pass it to me as soon as possible so I can find an expert to discuss it."

"it is good!"

Xiao Qi readily agreed.

It may be difficult for others to find detailed information, but after knowing the result, it is much easier to go back and find the information.

Xiao Qi was ready a long time ago, and he will convince the experts here when he is on time!

(Subscription required!) (To be continued..) R752