Rebirth of the Strongest Tycoon

There are two if there are two, and three if there are two. I am afraid that someone will lead the way!

Mexico is one of the leaders in Latin America. Although Argentina’s domestic economy is sluggish, it cannot conceal the nature of Argentina as one of the major Latin American countries.

After the two countries chose to default, although the domestic stock market and the national currency system collapsed, the pressure on them also disappeared or transferred most of the time.

Ji Fei Gou jumped into Europe, America and other countries and major banks.

After watching Brazil, Colombia, Peru and other countries, the governments of various countries are also ready to move.

For a country, there is never a shortage of smart people. In fact, the governments of Latin America and other countries have already analyzed their respective national situations and interests very clearly.

Burdened with huge debts, the national economy has actually fallen into an infinite loop. It can only be sucked step by step by countries such as Europe and the United States. In the end, the country's financial market will also collapse.

Since the financial market is about to collapse sooner or later, it is better to collapse now. At least a little bit of the initiative can be grasped, the impact can be lighter, and the debt should be put aside.

In short, Latin America and other countries cannot stand the oppression and exploitation and choose to set the table upside down.

Regardless of whether it is debt or debt, everything will be discussed again. As long as we unite, maybe debt can be wiped out directly...

Anyway, there are only a pair of torn pants left, how bad can it go?

On August 11, just as the Latin American sovereign debt crisis intensified, Brazil, the country with the strongest overall strength in Latin America, did not want to suffer anymore, and decisively jumped out to add fuel to the fire.

In the morning, the Brazilian Finance Minister announced that Brazil was unable to fulfill its sovereign debt of approximately US$91.3 billion.

As Brazil announced its breach of contract, European and American countries all know that things are completely irreversible!

After all, the three countries of Mexico, Argentina and Brazil, the total default debts have reached 222.5 billion US dollars!

It accounts for 67.7% of the sovereign debt of 19 Latin American countries, which is more than two-thirds!

The three countries took the lead, the general trend was irreversible, and the three countries withstood most of the pressure.

Under this circumstance, the other 16 debtor countries realized that the opportunity was finally here, and one by one, regardless of the obstacles of European and American countries, rushed to declare that they could not perform.

On August 12, six countries including Venezuela, Peru, Chile, Panama, Nicaragua, and Costa Rica successively announced within two hours that they were unable to perform their sovereign debts on time.

On August 13, seven countries including Colombia, Ecuador, Paraguay, Uruguay, Belize, Bahamas, and Guyana announced that they could not perform their sovereign debts on time.

On August 14, the last three remaining countries, including Bolivia, Suriname, and Nicaragua, announced that they could not perform their national debts on time.

Since Mexico took the lead in announcing default on August 6, in just nine days, all nineteen sovereign debtor countries in Latin America announced defaults, and the sovereign debt crisis broke out!

The sovereign debt of 328.7 billion U.S. dollars is like an exploding ammunition depot, unscrupulously destroying the economic order in Latin America, and constantly impacting the financial order of these European and American countries.

Under the investigation of the omnipotent media, the $328.7 billion debt list was published and put on the front page of newspapers in various countries. Even if the bank wanted to cover the lid, it could not cover it.

On this list, the amount of loans issued by which bank and the countries to which the loans were issued are clearly written.

They also arranged the order of these banks very intimately. The top spot is Citibank of the United States.

Barclays Bank in the United Kingdom has the largest debt holdings in the UK, Europe, and third in the world!

This list is not a glorious list, and major banks hate this list.

This list clearly puts the size of the crisis facing each bank before depositors and investors.

When the British people saw Barclays Bank’s sovereign debt of more than $13.68 billion, panic broke out across the country.

Depositors flocked to Barclays Bank, with only one purpose, to take out all the money they have in Barclays Bank, even if they only save a pound!

They will never sell for the wrong investment of Barclays Bank!

no way!

As for the money withdrawn, the British people either put it back home in cash, or if the amount is relatively large, deposit it in other banks.

So which banks should be deposited?

The major British newspapers have clearly told them, and all the banks have issued statements.

Standard Chartered Bank, Royal Bank of Scotland, Chinese Commercial Bank, Bank of Barings and other banks do not hold even one dollar of Latin American sovereign debt.

Lloyds Bank, one of the four major banks, only holds 48 million pounds of Brazilian sovereign debt, which is less than 100 million U.S. dollars!

These banks can all be trusted!

As for the other three of the four major banks, Barclays Bank, National Westminster Bank and HSBC, they can no longer deposit money.

This is because in addition to Barclays Bank’s holdings of more than $13.68 billion in sovereign debt and over 11.94 billion in Latin American corporate debt.

The National Westminster Bank holds more than US$81,170 million in sovereign debt in Latin America and lends US$7.9 billion to companies in Latin America and other countries.

HSBC Holdings holds more than US$6.94 billion in sovereign debt, and lends more than US$7.53 billion to companies in Latin America and other countries.

How far do these three banks hide.

...

On the afternoon of August 14, after the stock market closed.

Evelyn Roshir dragged his exhausted body back to the family, and straightly found Jacob Roshir, Elro Roshir and others who were gathering.

Seeing Evelyn Rohill back, everyone who was talking stopped immediately.

"Evelyn, how is the bank?"

Liszt Lowhill, who came from Vienna, Austria, immediately asked about the situation after Evelyn Lowhill sat down and took a drink.

Facing everyone’s gaze, Evelyn Lowhill sighed, UU Reading www.uukanshu.com said bitterly: “The situation is very bad. Our bank’s debt situation has long been publicized. Depositors and investors Our bank has completely lost confidence and our stabilization measures have completely failed. Now every branch is crowded with people and all come to withdraw money."

"How many deposits have been withdrawn?"

Harry Rohill from Switzerland asked immediately.

"I have all the statistics, more intuitive, let's take a look."

Just after speaking, Evelyn Lowhill suddenly realized that there are so many people here and it would be a waste of time to watch one by one.

He decisively retracted the hand outstretched with the notebook, and said, "Forget it, I'll read it all, let's listen to it together."

Everyone immediately concentrated and looked at him with scorching eyes.

Evelyn Lowhill opened his notebook and read aloud: "Now the bank has total assets of 48 billion pounds, and depositors have total deposits of 42.120 billion pounds, starting from August 6. So far, £1.55 billion in savings has been lost, and the company’s market value has fallen from £6.5 billion nine days ago to more than £5.52 billion."

"The sovereign debt of Latin America we hold now accounts for 14.84% of the bank's total assets."

"If you add in the US$11.94 billion in debt to Latin American companies that are now listed as major risk assets, our bank's risk assets have already accounted for 27.8%!"

"Now our bank has been listed by many institutions as the most risky bank in the UK banking industry..."

"As for the bank's liquidity..."

Speaking of this, Evelyn Rohill's complexion became very ugly. This was a number that he didn't want to face.

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