Chapter 2290: Shorting the Greek State!
Under He Chaoling's admiring gaze, Chen Mo began to draw a mind map of this plan on the mind map software on the computer.
"First, the hegemonic MBS packages people's mortgages into bonds and sells them to investors. As long as people keep borrowing and repaying loans, the money will flow from the people to the lending bank or the two housing agencies, and then to the hands of investors.
Investors include not only the five major investment banks of the hegemonic country (Golden Rise, Morgan Stanley, Merlin, Lehman Brothers, Bears, etc.), but also major banks in the Ou League countries.
Ou League banks made money from subprime bonds and began to invest in peripheral countries such as Greece and Croatia, leading to economic prosperity in these countries, crazy house price increases, increased borrowing and consumption scale, and credit expansion.
The chain of private debt crisis is thus formed."
"Second, Ou Asian countries represented by Greece continue to raise welfare levels, continue to issue treasury bonds for financing, and the level of public debt rises. People evade taxes under hedonism. Wind, these countries began to have serious fiscal deficits.
In the case of insufficient fiscal revenue, they can only continue to issue bonds to borrow new money to repay old debts, and the debt level is getting higher and higher.
The chain of public debt crisis is thus formed. "
"While this group of Ouzhou people are immersed in the carnival of skyrocketing housing prices, improved welfare, and widespread tax evasion, the source of this prosperity - the housing prices in the hegemony country, began to fall. The moment of Bells and others has arrived, and the subprime mortgage crisis has broken out!"
Chen Mo wrote here on the mind map and looked at He Chaoling:
"Secretary He, tell me, in this case, is there any hope for Greece?"
He Chaoling looked at the densely packed but clear mind map, and her scalp numbed and said:
"There is no hope. As the source of liquidity for the entire system, the people of the hegemony country do not repay their loans or buy houses, just like the engine has no electricity. How can Is it possible to turn it around?
The source of living water is gone, and Greece is equivalent to a stagnant pool of water. Even if we don't take action this time, it will only be a matter of time before it goes bankrupt.
Unless the Greek government can make the people of the country work together to tighten their belts.
But based on what I have seen in Greece in the past few days, I don't think the Greek government has the courage to do so, and I don't think the Greek people can bear this hardship. "
Chen Mo smiled and nodded appreciatively: "In fact, Ouzhou Bank, which is deeply involved in the investment of MBS and CDO in the hegemony country, found out a few days ago that these financial assets they invested in have no returns. "
"But their average 50 times leverage is real debt, which is generating interest every moment, with no income but heavy debts. "
"I dared to directly clamor and confront the major banks in Ouzhou a while ago, It is based on this. "
Speaking of this, Chen Mo opened several data intelligence sent by Jiang Pengyue on the computer:
"Third Master has been sending me intelligence in the past few days.
Under the premise that I have withdrawn from shorting Ouzhou Bank, the voices of losses and bankruptcy have appeared in Ouzhou financial market one after another."
"On the 2nd, the Agricultural Bank of Crested Ibis Kingdom lost 12.9 billion euros due to subprime investment.
On the 4th, Lanxi Bank, the largest bank in Lanxi Empire, announced the freezing of 300 funds due to investment losses in subprime bonds, citing "completely exhausted liquidity".
On the 6th, Nanyan Bank of Sunset Empire suffered a liquidity crisis due to investment losses in subprime bonds and asked Sunset Royal Bank for help. The news leaked out on the same day, causing widespread panic among the people. They rushed to the counter of Nanyan Bank to withdraw cash, and a run occurred.
In the next three days, the people withdrew 10 billion euros.
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On the 7th, Nanyan Bank, which had no deposits, no income, only high debts and high interest brought by high leverage, declared bankruptcy.
The liquidity crisis has now spread to the entire Ouzhou. Just the day before yesterday, the Ouzhou Central Bank urgently announced that it would provide unlimited funding support to all banks in Ouzhou.
49 banks borrowed more than 500 billion euros in a few hours, and this money temporarily alleviated the liquidity crisis.
But as you said, without the source of living water, these banks or countries will sooner or later become a pool of stagnant water if they do not change. "
After Chen Mo finished reading the information, he smiled lightly and said:
"The subprime mortgage crisis is contagious and has a lag at the same time."
"On the surface, Ouzhou is peaceful, the economy is booming, and the welfare is enviable, but in fact, it is already riddled with holes."
"House prices in Greece, Croatia, and Aiguo should have plummeted long ago, but the country is holding on to keep house prices from falling."
"We only need to take out a needle and poke it gently. We don't need to do anything else in the future, and everything will happen naturally! "
After that, Chen Mo closed the mind map and began to lay out.
A few seconds later, Han Li and Cai Nong's video was connected.
"Han Li, starting tomorrow, wait for my order, and you will start to short the real estate, stock market and foreign exchange market of Greece. "
"Sister Cai, after I edit the video here, you ask the media of Moyuan to forward it crazily. In addition, contact the world's top TV stations to do special topics to expose the chaos behind the economic system of Greece. "
After hanging up the phone.
Chen Mo looked at He Chaoling: "You go to Baguo and find the three major rating agencies to lower the ratings of Greece's real estate, banks, stock markets and foreign exchange markets. "
He Chaoling was stunned and said: "This... They are the industry of the foundation, can they help us?"
Chen Mo smiled: "Tell them that if they don't do what I say, I will open a rating agency myself. In the future, they will not eat this bowl of rice. "
He Chaoling said in disbelief: "This... not giving benefits, but threatening others... is this okay?"
Chen Mo waved his hand: "Do as I say!"
He Chaoling nodded and immediately bought a plane ticket to rush to Baguo.
Han Li and other people from Moyuan Securities also urgently began to deploy a plan to short the country of Greece.
Cai Nong made an emergency connection with the paparazzi of Moxun Entertainment. After getting the materials from them, he found the head of the streaming media department and the head of the traditional media department to convey the order.
Chen Mo opened the huge floor-to-ceiling window of the presidential suite, lit a cigarette, and admired the quiet, happy and peaceful scenes of the people of Greece downstairs.
The undercurrent has already surged in Greece.
A huge storm may force everyone within Chen Mo's sight to regress 30 years in food, clothing, housing and transportation!
Chen Mo took a deep breath of smoke and exhaled thick smoke.
The smoke enveloped Chen Mo's eyes, as if it also enveloped the entire country of Greece.
The pedestrians downstairs, against the backdrop of the smoke, seemed to be lonely ghosts walking in hell.
"Poor Greek people, if you want to blame someone, blame your emperor for being too stupid. He had to use me as a token of his allegiance to exchange interests with the hegemonic country."
"Originally, you could have had a good life for more than a year...tsk tsk tsk..."
