Chapter 1315 - Disaster relief and market rescue

The cold wave from Siberia swept across the country, and the whole country seemed to be completely frozen as if it was cast by the magic of the Snow Princess!

Large-scale ice and snow is a huge disaster.

This is indeed the case. Just after New Year's Day, the cold wave swept across the country. First, flights in several major cities in the north were cancelled. Then, roads, railways, power grids, and water supplies in the south were all hit, and soon developed into a freezing natural disaster.

Originally thought that it would be fine after a day or two, but soon the relevant departments reacted that this was a rare ice and snow disaster in many years. Soon, an emergency response to the ice and snow disaster once in a century was launched, and snow disaster relief was launched.

Xingcheng Airport in Hunan Province suffered a once-in-a-century freezing disaster due to the sudden cold wave. Not only was the ground of the airport frozen over a large area, but more seriously, the power grid supplying the airport was also partially interrupted due to freezing, resulting in the tower, ground handling and other supporting facilities being unable to be used normally, and flights were cancelled on a large scale.

This also caused two to three thousand passengers to be stranded at the airport.

This stranding is a real stranding.

Because the airport highway leading to the city was closed due to the freezing disaster, the two or three thousand passengers had no way to go back and could only huddle in the airport waiting hall, relying on the hot water bottles that the airport had put together to keep warm.

Adults were fine, but some elderly people and children suffered.

After all, the airport could not provide heating due to the power outage, and the winter in Hunan Province was already wet and cold, and the cold wave overlapped, so that many elderly people and children caught colds, and even many children had frostbite on their hands.

After the supercomputer simulation, the national emergency mechanism was activated.

The National Snow Disaster Relief Headquarters was established at the first time, and the snow disaster relief command organization covering the whole country was established at the first time, forming a five-level command organization of national-provincial-municipal-county-township, mobilizing the entire society to fight snow disaster relief with the greatest force.

At the first time, the local garrison participated in the snow disaster relief operation.

Airports, highways, national roads, provincial roads, and railways shoveled snow at all costs. In the heavy snow, you can see soldiers wearing cotton clothes driving snowplows to shovel snow on land, driving cars to spread snow-melting salt, and clearing the snow caused by heavy snow.

Maintenance workers maintain the damaged power grid and communication network in the heavy snow to ensure the safety of power supply and communication.

The army dispatched a large number of helicopters to participate in disaster relief, help transfer the affected people, and deliver relief supplies.

In some areas where communications were destroyed, drones were used to form an air Internet network, and together with communication satellites, a regional communication network was formed.

In just over forty days, China launched a vigorous anti-snow disaster relief operation, demonstrating strong social organization capabilities, strong military-civilian integration capabilities, and military mobilization and mobilization capabilities, as well as advanced military equipment!

The whole world is paying attention to China's anti-snow disaster relief. The more they understand, the more stunned they are.

Because this anti-snow disaster relief operation is the only one in the world that China can do.

Especially for some countries with ulterior motives, that kind of deterrence is even greater than strategic nuclear missiles, strategic nuclear submarines, and strategic bombers.

Across the ocean, the United States.

Once the beacon of humanity, the world's most powerful and most developed capitalist country.

Since the outbreak of the subprime mortgage crisis last year, the United States has had a hard time.

Even though the US government and the Federal Reserve have been continuously rescuing the market, injecting large amounts of funds into financial institutions, and even breaking promises and agreements, and ignoring the opposition of the whole world, they have started quantitative easing, intending to pass the crisis on to the whole world, so that the whole world will bear the cost of the American subprime mortgage crisis.

However, the means of rescuing the market are not as good as Americans expected.

The dollar has depreciated, but the price of imported goods has not fallen, but has risen.

Inflation has occurred!

What's more terrible is that the US government and the Federal Reserve have always wanted to delay the outbreak of the financial crisis. After all, the United States is a financial capitalist country. As long as there is no financial crisis, it can be borne.

However, with the burst of international crude oil prices and natural gas prices, many American companies have suffered heavy losses, and they can no longer delay or cover it up.

A financial crisis has broken out in the United States!

The financial crisis first broke out in the United States, and then spread throughout North America, Europe, Japan, South Korea, South America, and Australia.

In less than a month, the US financial crisis has affected the whole world.

China is fighting against the snow disaster, while Europe and the United States are rescuing the market in an attempt to save the financial system.

However, as Lehman Brothers finally abandoned its weapons and declared bankruptcy protection, everything was powerless to stop the outbreak of the financial crisis.

Since its establishment in 1850, Lehman Brothers has established a good reputation for creating new products, exploring the latest financing methods, and providing the best quality services around the world. It is a global diversified investment bank. It was named the best investment bank in 2000 by Business Weekly, and its overall research strength ranked first in the Institutional Investor ranking. International Financing Review awarded it the best investment bank in 2002.

6◇9◇Book◇Bar

Lehman Brothers suffered heavy losses as the subprime mortgage market crisis intensified!

The company had assets of $639 billion before, and held $110.5 billion in senior unsecured notes, $126 billion in subordinated unsecured notes and $50 billion in junior notes. After the US subprime mortgage crisis broke out in 2007, Lehman Brothers' assets shrank significantly due to its holding of a large number of mortgage securities, and the company's stock price fell again and again after the subprime mortgage crisis.

In order to turn the tide, Lehman Brothers made a desperate bet and invested heavily in international energy, using 50 times leverage to go long on international crude oil and international natural gas. As a result, under Liu Tao's two fires, it was directly blown up, with huge losses and no way to recover.

Faced with huge losses and huge debts, Lehman Brothers not only caused heavy losses to investors, but also became insolvent. In order to stop losses, it had to admit defeat and announced that it had applied for bankruptcy protection.

This was undoubtedly a heavy blow to global finance, directly destroying the rescue efforts of European and American central banks.

Once a large investment bank like this goes bankrupt, the impact is extremely terrifying.

Financial markets and stock markets, in the final analysis, belong to confidence. If there is confidence, everything will be fine. If there is no confidence, there will be market panic, and the original stocks will become a piece of waste paper.

Lehman Brothers declared bankruptcy and collapsed, creating the largest bankruptcy case in American history. This not only caused more than 12,000 Lehman Brothers employees to lose their jobs, but also caused the failure of a series of rescue measures by the US government and the Federal Reserve. The rescue funds invested were gone, and they had to face more serious consequences.

North America, Europe, etc., which are closely linked to the US economy, were all affected, the stock market fell further, and the financial market became more turbulent.

From the US subprime mortgage crisis to the US financial crisis, to the world financial crisis and even the world economic crisis, the evolution of the crisis is so amazing and the destructive power is so shocking.

And this makes the whole world think of the Great Depression in the United States in 1929! (End of this chapter)