Chapter 1144: Ice and Fire (Second Vote)
Smack!"
"Bell bell bell ......"
Headquarters of Heung Kong Galaxy Fund.
Xia Yu just hung up the phone, and just after a pause of two seconds, the phone immediately rang sharply again.
Xia Yu smiled and directly connected the phone: "Hey, how's the situation?"
“......”
"I know, pay attention to concealment, pay attention to the market situation at any time, you must not be careless, and report to me as soon as there are special circumstances!"
"Smack!"
Xia Yu was concise and to the point, and after speaking clearly, he decisively hung up the phone.
After answering the eight calls, considering that there should be no calls for the time being, Xia Yu got up from the chair in front of the desk, walked to the floor-to-ceiling window, and looked at the tall buildings and the blue sky in the distance, he only felt happy!
With the Mexican government's initiative to declare a $87 billion debt default, regardless of the country's credibility, the last risk of his plan finally disappeared and was fully on track.
The losing team no longer loses money, and the floating loss is covered at a very fast pace, and then the floating profit goes all the way up.
As other international capital rushed into various markets, it helped the floating profit of the Galaxy Fund, which had been deployed early, to soar further.
It's like the Mexican peso and the Mexican stock market.
The sell-off of Mexican pesos and Mexican stocks by international capital accelerated the plunge of both.
As a short seller, the Galaxy Fund naturally hopes that the Mexican peso and the Mexican stock market fall as low as possible.
Other companies wanted to short the Mexican peso, but it was too late to get in.
However, international capital is not stupid.
Now that the Mexican government dares to default, the risk of default in other Latin American countries will increase indefinitely.
As a result, even if countries such as Brazil, Colombia, and Peru have not defaulted, their stock markets and currencies have already begun to fall.
At best, the decline was not as large as that of Mexico.
But as long as these countries follow suit and default, it is only a matter of time before they plummet.
......
London.
Lloyds Bank immediately convened an interim board of directors after receiving news of Mexico's sovereign debt default.
At the meeting, many directors breathed a sigh of relief when they learned that Lloyds did not hold Mexico's sovereign debt, and that it only held less than £50 million in Brazil's sovereign debt in total.
Fortunately, there is no sovereign debt from the Mexican government.
Fortunately, the sovereign debt to Latin America and other countries is less than 50 million pounds, and even if it does, it will not lose much.
After the restlessness, Duke Carter Howard, who was then strongly proposing to sell Latin America's sovereign debt, became the focus of the entire room, and everyone was lamenting his foresight.
"Sir Carter, thanks to you, before you think about it, our Lloyds Bank was the largest bank in Britain lending to developing countries in Latin America!"
"If you hadn't asked for it and convinced us one by one, the $2.2 billion debt to Mexico at that time alone would have been enough to cost Lloyds Bank!"
Duke Carter Howard's good friend, Duke Potter Philip Cavendish said with emotion.
"Yes, now whether the remaining sovereign debt of the Brazilian government can be transferred or not, even if the Brazilian government defaults, we will only suffer a slight loss, and the banks will also be profitable this year. ”
Duke Sommes Churchill nodded in agreement, with a relaxed smile on his face.
Duke Carter Howard was not complacent, but said with a light smile: "If it weren't for the fact that everyone could support my views that seemed ridiculous at the time, I wouldn't be able to do it alone." ”
"So it's a common credit to everyone!"
"Hahaha......"
Everyone laughed and laughed, and suddenly a director said abruptly: "Most of our bank's sovereign debts to Latin America and other countries have been taken over by Barclays Bank, and Barclays Bank has taken over a large number of sovereign debts, and now it has become the largest creditor in Latin America and other countries, I think the Rothschild family must be crazy now." ”
After everyone fell silent for a moment, the conference room suddenly resounded with more enthusiastic discussions.
"The Rothschild family has run rampant in the financial markets, and has been trying to use its sovereign debt to countries like Latin America to accelerate the family's resurgence, but now it is ...... Hehe......"
"I'll have to talk to Evelyn Rothschild later and ask him how he's feeling now, huh......"
"Barclays Bank holds more than $10 billion in sovereign debt, after the news spreads, Barclays Bank's stock may have to become junk stock, but unfortunately with the strength of the Rothschild family, it is impossible to bankrupt Barclays Bank, but unfortunately, ......"
"What's a pity, at least temporarily, it interrupts the momentum of the Rothess family's revival and can greatly deplete the Rothschild family's funds, and when the government privatizes state-owned enterprises in the future, the threat of the Rothschild family will be greatly reduced, and our chances will be greater. ”
"That's right......"
In fact, Lloyds' Bank's major shareholders and directors are staunch royalists in Britain, and they are the most powerful of the old family, and the competition with the Rothschild family is far greater than the partnership.
Even if there is a partnership, it is just an ordinary cooperation in a certain area.
So for them, it couldn't be better that the strength of the Rothschild family was greatly damaged!
And the strength of Barclays Bank is still above Lloyds Bank, the competition between the two is very fierce, and now Barclays Bank's strength is greatly damaged, so part of the market vacated by Barclays Bank must belong to Lloyds Bank.
These markets can create far more value than Brazil's less than £50 million sovereign debt.
Overall, in the face of the crisis, Lloyds Bank will get better and better.
The flowers bloom in two, one on each branch.
As the likes of Duke Carter Howard thought.
At this time, the Rothchild family was enveloped in a heavy atmosphere.
After Evelyn Rothschild asked people to stabilize Barclays Bank first, she rushed back to her family as soon as possible to discuss countermeasures with her clansmen.
"Evelyn, has Barclays counted the amount of sovereign debt to Mexico?"
Jacob Rothchild asked in a deep voice with a gloomy face.
Evelyn Rothschild sighed and said truthfully: "We hold more than $4.23 billion in Mexico's sovereign debt, of which more than $650 million in principal and interest are due on August 16. ”
"In addition to Mexico, we have $9.45 billion in sovereign debt to Brazil, Argentina, Colombia and others. ”
"We hold more than $13.68 billion in sovereign debt to all countries in Latin America. ”
"Of course, our banks have lent about $4.4 billion to companies in Latin America and other countries, including about $650 million in loans to companies in Mexico. ”
"Now that the Mexican stock market has plummeted, and the Mexican peso has plummeted, the more than $650 million in loans is equally risky. ”
"Hey......"
With that, Evelyn Jacob let out a long sigh and her face was full of sorrow.
PS: The meeting was held until ten o'clock, two hours of time, and two chapters could be written, which is not bad, everyone should not be too short, the work is too busy and there is really no way, so I managed to keep the two watches