To be honest, the state's support for Jiagu in desert governance has exceeded Qi Zheng's imagination.

Jiagu's management originally thought that they would be satisfied with more loans for their desert development plan, and that it would be better for the state to provide more financial discounts and tax incentives. After all, Jiagu desertification control is not only for ecological public welfare, but also for economic benefits.

However, perhaps Jiagu's sand control measures that take into account water conservation, energy saving, protection and development are seen by the state, and coupled with the merit of "finding water", the support is unexpected.

The A-Tan League has a one-time subsidy of 6,000 yuan per hectare for desert control in Jiagu, including replanting fees, fence fees, and 30-year management and maintenance fees, and the State Bank of China has also provided Jiagu with a subsidized loan of no more than 10 billion yuan according to the scale of desertification control in Jiagu......

This is already enjoying the treatment of state-owned enterprises, and it is also reflected in the responsibility - the desert management and development of Jiagu must also be supervised and accepted by the Desert Research Station of the Chinese Academy of Sciences.

Jiagu has no objection to this. After all, with the support of the state, Jiagu's investment in desert management and development will be much lower than expected.

After the large-scale desert reservoir entered the project approval stage, the desert management of Jiagu also entered another stage.

After the initial restoration of the vegetation, the next step is patient maintenance.

Due to the harsh environment and the easy destruction of vegetation, the time for desertification control is often measured in long years.

It takes at least a winter for planted vegetation, especially tree seedlings, to take root, sandy soils to improve, and irrigation facilities to build......

Most of the original batch of desertification control "cattle pioneers" left, and some stayed, officially joined the Jiagu desertification control team, set up camp on the newborn "oasis", and devoted themselves to the follow-up battle of desertification control.

The first generation of desertification control teams always worked the hardest, and they dared to be the first to turn the hills and barren sand into oases under extremely difficult conditions and extremely harsh environments.

But the hard work pays off. When planted saplings spit out shoots, when sown grass comes to life, when wild animals keep returning...... They all saw hope, which in turn strengthened their confidence in desertification control.

In fact, in the eyes of the older generation of sand control workers who joined the Jiagu desertification control team, the process of desertification control in Jiagu has been incredibly smooth - at least there has not been a situation where a single sandstorm has destroyed the fruits of several months of labor.

Even so, the older generation of desertification control personnel did not slack off in the slightest, but poured their rich experience in desertification control to each other. For example, planting trees in the desert is divided into three parts and seven points of management, and management and protection are the top priorities.

So much so that Wei Ming said: "The tree planting team is the hardest. The trees were so hard to look at them that they had to run on the sand several times at night. The trees grow and the grass is fertile, and more and more animals come to make trouble. ”

From a handful of grass from a tree in the older generation, to the current grass grid, to the fine water drip irrigation system and wind farm under construction, the new generation of sand control people are constantly innovating sand control methods on the basis of their ancestors.

What Jiagu can do is to try his best to create better living conditions for the desert control team, so that they will not be like the older generation of desert control people, sleeping in the open and starving.

The air conditioning, water heater and other facilities in the desert camp have been gradually improved, and a basketball court has been built to make it possible for everyone to play basketball in the desert.

The company provides them with convenient transportation to go home to visit relatives, and the company's logistics also actively solves various practical problems for the families of the sand control team members.

The members of the Jiagu desertification control team come and go, but no matter how people change, the spirit of desertification control has been passed down from generation to generation.

......

The desert is nothing serious, but across the Pacific Ocean, one big thing after another is coming.

After the Olympics, the atmosphere in the US financial world became increasingly tense, and the former Wall Street elite walked on thin ice – the subprime mortgage crisis was in full swing.

At this time, U.S. housing prices have spread from a partial decline to a national decline, and the losses of Freddie Mac and Fannie Mae are already known to passers-by.

Rather than lending directly to homebuyers, the "two-house" are congressionally chartered institutions to stabilize the U.S. mortgage market and promote affordable housing, and instead package mortgages into securitized products that guarantee that homebuyers can repay their mortgages on time and then sell them to investors through banks – they are arguably one of the initiators of the subprime mortgage crisis.

However, foreign investors alone hold more than $1 trillion in bonds issued or guaranteed by the "two houses", mainly China, Japan and Russia. If they allow two houses to go out of business, their investment will be in vain.

All governments of various countries have exerted tremendous pressure on the US side.

Under pressure from all sides, the U.S. Federal Housing Finance Agency forced Fannie Mae and Freddie Mac to take custody and replace the CEO. The Treasury Department pledged to use $200 billion in government funding to support the companies, which eased fears of a two-house collapse.

On September 14, through capital injections, the U.S. government officially took over the two houses and guaranteed their debts, and the two residential mortgage giants were fully nationalized.

However, an even bigger crisis is on the horizon.

September 15, this disaster day on Wall Street.

Lehman Brothers, saddled with $613 billion in debt, could not find any buyer to take over and declared bankruptcy, making it the largest bankruptcy in U.S. history.

The Dow Jones fell 504 points, or nearly 5%, and S&P Financial stocks also had their worst day on record, closing down more than 10%. The commercial paper market and the interbank overnight market were then paralyzed.

But inside the Assassin Foundation in New York, there were irrepressible cheers.

Jiang Ping also smiled, without the slightest sympathy for the bankruptcy of his old club - the former five major investment banks on Wall Street are not the first to be finished, this is the cruel law of Wall Street: when a financial institution is going to die, it will die quickly!

He was more concerned about how much of their fall would bring to the Assassin Fund.

The answer is, he can't say for sure!

The Assassin Fund shorted financial stocks early on, and now every step down in the stock market means that countless dollars flow into the Assassin Fund's account.

The dominoes have completely fallen.

Overseas hedge funds have withdrawn funds from Goldman Sachs and Morgan Stanley, which are also on the verge of collapse due to short-term liquidity squeezes.

It is rumored that Soros's deputy wants to withdraw the funds placed in Goldman Sachs, and the chairman of Goldman Sachs wants to keep him, but he can't pull his face down and kneel and lick it, so he has to say with a threatening tone: "If you do this, it will affect the good relationship between us." And the deputy's reply was: "Fuck you, I only care about my money." This is evident in the lack of confidence among investors.

To add insult to injury, on September 29, the U.S. House of Representatives rejected the $700 billion problematic asset rescue plan because it was tired of the rescue operation of "capital dies and taxpayers pay" after the two-house incident.

As soon as the news came out, financial people were mourned.

And in the Assassin Fund, the employees are already going crazy with joy - bonuses, dividends!

Su Fang loudly informed Jiang Ping of the latest news: "The Dow Jones index fell 7%, and the S&P 500 index fell 8.8%...... This is the largest one-day drop since the U.S. stock market crash in October 1987. ”

"The significant turmoil in the financial markets has led to a collapse in global commodity prices, and our fund's shorting gains have ...... Immeasurable!"

Jiang Ping couldn't help laughing.

The golden age of U.S. investment banking has come to an end. But the Assassin Fund, along with other hedge funds that profited handsomely from the crisis, became famous.

......