Chapter 720 Country M harvests Latin America!

Yang Ming has been paying attention to Xiangjiang real estate, the stock market, etc.

In addition, he is also paying attention to one thing.

At the beginning of last year, Yang Ming had already known in advance about the Falklands War that would break out between Country Y and Argentina this year.

Of course, when Keira was active in Country Y, she also knew this news in advance.

At first, the two countries were still talking.

On April 2, 1982, it officially broke out.

At this time, Argentina was facing many problems, including internal economic problems. This war was also to ease internal conflicts.

Because Falklands is relatively close to Argentina, the attack is very fast, and Country Y is far away from Falklands.

When many countries around the world believed that Argentina was bound to win, Country Y quickly counterattacked. Through aircraft carriers, air battles, and naval battles, it not only sank many Argentine warships, leaving Argentina unable to fight back. .

The Y Army retook South Georgia and the South Sandwich Islands on June 20 and accepted the surrender of the local Argentine forces; both parties to the Falklands War formally ceased fire.

This time the Battle of the Falklands still had a great impact.

In addition to defeating Argentine's confidence, it also strengthened Mrs. Sutter's authority, which played a very important role in her winning the next election.

Yang Ming has always been paying attention to Yang Ming when he was in Xiangjiang, and the news media in Xiangjiang are reporting and analyzing it every day.

Yang Ming knew that this actually had a great impact on Xiangjiang. It even has a lot to do with Mrs. Sachiel's subsequent trip to Yanjing.

Even then, it still cannot stop Xiangjiang Real Estate from continuing to fall.

On the contrary, Hong Kong's stock market went back and forth without a sharp drop. The Hong Kong dollar still depreciated, but it was not as obvious.

At this time, in the office of the chairman of the Imperial Group.

Lin Xiuzhi and He Chaoluo were both there.

"Boss, why did Argentine lose like that in the Battle of Falklands?" He Chaoluo asked.

Originally, in terms of geographical advantages, Argentina should have won this war.

But, in fact, it's the opposite.

It’s not that Country Y is still that strong.

In fact, Country Y has long since declined.

However, even a bad ship still has three pounds of nails.

Country Y has been in decline for a long time, but it still has strength. Argentina itself has deep conflicts. When such an incident broke out, it was mainly to divert domestic conflicts.

"Argentina has internal problems, and Argentina is already very poor and cannot afford to spend money."

After all, war still costs money.

Yang Ming knew that this was actually closely related to one thing.

Latin American sovereign debt crisis.

Under the temptation of low-interest-rate funds, Latin American countries such as Argentina, Brazil, Mexico, and Brazil borrowed large amounts of debt denominated in hard currency; however, as interest rates rose and capital flows reversed, developing countries Currencies are under depreciation pressure, and Latin America's debt ratios have risen to unsustainable levels.

On August 12, 1982, because Mexico's foreign exchange reserves had dropped below the danger line and it was unable to repay the principal and interest of the maturing public foreign debt (US$26.83 billion), it had to announce the indefinite closure of all exchange markets, suspend the repayment of foreign debt, and suspend the repayment of foreign debt. Foreign exchange deposits in domestic financial institutions will be converted into domestic currency.

Mexico's private consortium also took the opportunity to announce the postponement of debt repayments.

Following Mexico, countries such as Brazil, Venezuela, Argentina, Miluo and Chile also experienced debt repayment difficulties and announced the termination or postponement of foreign debt repayments.

By the end of 1986, the total debt of developing countries in Latin America soared to US$1.035 billion, and the debt was highly concentrated. Short-term loans and floating-rate loans accounted for an excessively large proportion. Latin American countries such as Brazil and Argentina had the heaviest foreign debt burdens.

Nearly 40 developing countries have requested debt rescheduling.

However, in the 1960s and 1970s, these Latin American countries developed by borrowing large amounts of money from banks in countries such as M.

Latin America was developing rapidly at that time.

Especially in the 1960s, many people may not have thought that the per capita income of Argentina at that time was higher than that of Xiangjiang, and it was also richer than Xiangjiang.

After the 1980s, the M Fed raised interest rates to 20% in 1981, leading to a recession. A year later, Mexico announced that it had exhausted its reserves and was unable to pay interest on its $80 billion in foreign debt.

The Fed raised interest rates, and banks in country M began to require early repayment from Latin American countries. A large amount of U.S. dollars and funds were withdrawn from Latin American countries and flowed back to country M.

This has led to debt crises in major Latin American countries.

Under such circumstances, in order to avoid bankruptcy and bankruptcy, Latin America can only turn to Europe and the United States for help.

Countries such as M, Japan, and Europe took advantage of this opportunity to harvest a large number of high-quality assets in Latin America. Since then, many major companies in Latin America have become European, American, and Japanese companies, or joint ventures.

This is also Country M’s harvest for Latin America.

As for the Falklands War between Argentina and Country Y, it was partly to recover the Falklands and partly to divert domestic conflicts.

However, money is needed before and after fighting.

At that time, due to debt problems within Argentina, it was impossible to support this war for a long time, which meant that Argentina was destined to lose from the beginning.

Now Lin Xiuzhi and He Chaoluo were very surprised after hearing this.

There is something like this behind this.

Yang Ming knew that Latin America was the back garden of country M.

How can country M allow Latin America to develop?

In addition, Country M has long been interested in high-quality companies and resources in Latin America.

Like banks in Mexico and Vale in Bashi.

Among them, Brazil's Vale is the world's largest iron ore company, with iron ore production accounting for 80% of Brazil's total output. Bashi Vale is the world's largest producer and exporter of iron ore and the largest mining company in the American continent. It is known as the "crown jewel" of Bashi and the "engine of the Amazon region."

Historically, Country M and Dongyang took advantage of this opportunity to invest in Vale and became the major shareholders of Vale.

Yang Ming thought so.

There is too much debt and a large number of high-quality companies in Latin America, so of course he cannot afford it.

Like those high-quality companies, he can still eat some of them.

Including companies such as Vale.

Yang Ming also noticed this aspect when he paid attention to the Battle of Falklands.

this period of time.

As Yang Ming's intern secretary, He Chaoluo, in addition to doing things according to Yang Ming's requirements, also studied with Yang Ming and really learned a lot.

This made He Chaoluo feel that it would be better to study with Sir Yang than to go back to Santa Clara University in Silicon Valley.

However, Yang Ming felt that it would be better for He Chaoluo to go back to college.

After all, going to college is also a wonderful experience in life.

"Sir Yang, I have ten days to go back to school."

Summer vacation starts in May and school starts in July.

The summer vacation at universities in country M is somewhat different from that in China.

Now, He Chaoluo has been back for more than two months. She likes to stay with Yang Ming very much. She knows that she will go back to college then.

chapter Five!

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