Reborn with wealth that rivals the country.
Chapter 2827 The Final Battle (8)
The news that Baguo International Group is on the verge of bankruptcy means that the subprime mortgage crisis and the economic crisis have reached their peak!
Since the size of loans was restricted in 2003, the two housing agencies began to hold large amounts of mortgage bonds developed by themselves and buy subprime mortgage bonds packaged by investment banks.
In 2007, these high-yielding subprime mortgage bonds accounted for two-thirds of Fannie and Freddie's profits.
When the value of subprime mortgage bonds began to plummet, the two housing agencies had to buy CDS to hedge the risk.
But all those who bought CDS overlooked one question: who would compensate them?
Is the compensation really ready?
The bankruptcy signal of Baguo International Group has let the market know one thing: no one will pay for CDS of real estate!!!
Therefore, even though the government invested money to save the group and completely nationalized it when there were only a few hours left before the Baguo International Group publicly defaulted.
The market panic has not been curbed.
The country's major stock index just reached 12000 points and then began to fall rapidly!
The Hegemony Currency Index started to plummet again from 72!!!
No matter whether it was lowering interest rates or spending money like crazy, the market could not be saved!
Huo Qigang looked at the rapidly falling market and excitedly cheered in front of the camera, "Haha! It really fell!!! Master, you are so amazing!!!"
That old Li is a loser. He withdrew his investment from you. He must be regretting it so much!
Just thinking about it makes me happy! "
Chen Mo said calmly: "Don't be happy too soon, this war has just begun.
It is still unknown who will win. "
Chen Mo turned to look at Han Li and asked, "How much money do we have left?"
Han Li responded: "There are about 53 trillion left."
Chen Mo looked at Jiang Pengyue and asked, "How much money can Solomon use?"
Jiang Pengyue responded: "At least there are still 80 trillion."
"According to the current short selling speed, even if we use up all our funds, there will still be some left over there."
Huo Qigang exclaimed: "Isn't the amount of funds in the foundation too terrifying? If we run out of funds and fail, won't we just be beaten passively?"
Chen Mo nodded slightly: "So, we have to budget the funds well and not rush in all at once.
Let Solomon buy up, and when his funds are almost exhausted, we will make another move!"
After that, Chen Mo ordered loudly: "Everyone, close some of your profitable positions first and stop short selling for the time being!"
When the traders of Moyuan Securities heard the order, they stopped their operations and began to close their positions.
At the same time, the bigwigs who were connected with Chen Mo via video also began to issue orders to close their positions one after another.
Now the initiative is on Chen Mo's side. He can retreat and run away at any time, while Solomon can only fight to the end!
This is Chen Mo’s advantage!
After everyone followed Chen Mo's order, Han Li asked in confusion: "Boss Chen, why don't we kill him in one go, but instead fight and retreat at the same time, waiting for an opportunity to act?"
Chen Mo responded: "Because the other party is still able to stabilize the financial market of the hegemony country.
We can’t spend too much money, otherwise we’ll be wiped out.”
Han Li was surprised: "But what if the other party can keep raising the price? Wouldn't the cost of our short selling increase greatly?"
Chen Mo waved his hand: "Don't be nervous, it can go down again after it goes up. Also, only when the stock index goes up can we absorb more high-quality chips at a high level!"
"If we temporarily close our positions and get the money, the gap in funds between us will be greatly narrowed."
Han Li sighed: "Then why not just put pressure on the other party without closing the position?"
Chen Mo smiled and said, "You still don't know enough about the Hegemony State, nor do you know enough about the nature of the Foundation.
Do you think he would be willing to let you keep shorting? "
Han Li said with a smile: "The free market, can it still cheat?"
At this moment, the official of the hegemonic country suddenly issued an announcement.
The general meaning of the announcement is that in order to save the capital market, the Securities and Exchange Commission issued an order prohibiting short selling of 1099 stocks! At the same time, short selling of the Hegemony Coin was also prohibited!
Historically, this announcement was called the "short selling ban"!
Moreover, the trial period of this ban is exaggerated!
It actually lasted for a full month!!!
Han Li looked at the announcement in disbelief and cursed, "Fuck! Isn't this too shameless?!
If you can’t win, you are not allowed to short sell? !
What the hell is this? Isn't this just cheating? "
But in a flash, Han Li looked at Chen Mo prostratingly: "Fortunately! Fortunately, Mr. Chen let us close the position in time!
Otherwise, the money will probably be stuck inside and won’t be available until the ban ends.”
All the big guys admired Chen Mo's timely operation with lingering fear.
If short selling is not allowed, there are no shorts and only longs are left, then the market can only go up.
They also cursed Solomon's shamelessness.
Chen Mo shrugged and said with a smile: "Actually, this ban is a good thing."
"Its appearance has let the whole world know that the liberal economy is a lie. Once the ban period is over, the collapse of the hegemonic country's financial market will only be faster!"
Jiang Pengyue couldn't help but ask: "Boss, why are you so confident that Baguo will definitely lose this time?"
Chen Mo's lips curled up slightly: "Guess what the scale of CDS issued by the hegemonic country was in 2008?"
Jiang Pengyue shook his head.
Even she couldn't easily obtain this data intelligence.
After all, this thing involves big data, and it is not precise to a certain person or thing.
"It's 62 trillion Ba Guo currency!!!"
Chen Mo smiled lightly.
"what?!"
"Oh my god, so many?!"
"..."
Everyone exclaimed.
Jiang Pengyue widened his eyes and swallowed.
What was the world's GDP in 2008?
According to the forecast, it is 63.71 trillion hegemony currency!!!
In other words, the debt problem of a hegemonic country has expanded to the point where it can only be completely absorbed if the entire world's GDP is taken out!!!
In this situation, even if Chen Mo did nothing, the Hegemony would definitely be seriously damaged!!!
Even if Solomon donated all his money selflessly, there is no way to solve the problem!!!
……
……
Foundation headquarters.
Solomon looked at the various data displayed on the screen and said bitterly, "Has the short-selling ban been issued?"
Michelle nodded: "It has been sent out...but...doing so is equivalent to telling the world that we are cheating if we can't win.
Once the ban period is over, the situation will probably get worse! "Solomon: "That will be a month later. At least, I have gained a month!
Moreover, half of Chen Mo's funds were locked up in the Hegemony Financial Market, so that he could not do anything else in this month!"
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