At this time, Leobold Rothschild suddenly said solemnly: "Mexico is one of the economic leaders in Latin America, and now that Mexico has defaulted on its own initiative, it is very likely that other countries will follow suit." ”

"After all, Argentina, Colombia, Brazil, Peru and other countries have staggering debts. ”

"If these countries also take the initiative to default, then the sovereign debt held by our banks will be in crisis, and there will be an economic crisis in Latin America, and it may even affect the whole world. ”

"Our banks have also lent more than $10 billion to many companies in Latin America. ”

"If this adds up to more than $20 billion in debt, then our bank will face the crisis of bankruptcy and reorganization!"

"I'm worried that after the news is exposed, it will cause a huge panic in the country, and if there is another run, then it will ......."

Speaking of which, Leobold Rothschild couldn't go on, he couldn't imagine how much pressure and trouble their family would face if that picture really appeared.

Jacob Rothschild's face was as gloomy as water.

He was silent for a long time, and said slowly: "I know what you said, if Mexico defaults, then the probability of Latin America and other countries defaulting is more than 90 percent. ”

"Once they default in the group, the initiative is completely in their hands, and it is us banks who should panic, and when they put forward excessive conditions, we have to think carefully. ”

"So now, we have to prepare for the worst!"

Evelyn Rothschild hurriedly said: "Jacob, you are right, we must prepare for the worst, and we must unite with other big banks, and even let the government intervene for us to suppress Latin American countries." ”

Jacob Rothschild bowed slightly, adding: "Now that there is a risk of the family's biggest crisis since World War II, we must mobilize all the family's funds to prevent risks." ”

"Evelyn, you are in charge of the British side, and I will notify the others one by one. ”

Evelyn Rothschild nodded solemnly, "Okay, don't worry, I'll do my best to collect the funds." ”

Jacob Rothschild looked at Leobold Rothschild again and instructed: "Leobold, Evelyn's work is more tedious, and I can't take a break for the time being, so I will contact the major creditor banks in Europe." ”

"As for the American ......"

"I'll call personally, and I think Rockefeller and Morgan didn't expect Mexico to do that for this crisis, and they're definitely trying to ......figure it out now."

"Otherwise, if Mexico is allowed to default, Brazil and Argentina will follow suit, and if it is not properly handled, the entire financial system of the United States will be wiped out......."

......

After the urgent discussions, the Rothsire family began to act.

Although the Rothschild family is a mortal enemy with the Rockefeller family and the Morgan family.

However, in the debts to Latin American countries and other countries, in fact, the large and small banks of Europe and the United States and other countries are all in the same boat, and they have long been inseparable.

Take the most obvious example, such as Citibank in the United States.

When it lends to Latin American countries, at least $20 billion of Citibank's more than $50 billion in cross-border borrowing is lent to sovereign countries, and the rest is lent to government or private borrowers engaged in business activities.

Large banks such as Citibank have always been notoriously strict in their lending review, so they have a popular role in the banking field.

If the Mexican government needs a loan of $5 billion, it will usually go to a big bank, such as Citibank, as long as Citibank agrees to lend $1 billion or $2 billion.

Then the remaining small and medium-sized banks that are waiting on the sidelines will rush to divide these loan amounts.

There is no doubt that Citibank's ability to resist risks must be strong in those small and medium-sized banks, and once there is a crisis, Citibank may be able to carry the past, but there will definitely be a large number of small and medium-sized banks that will go bankrupt.

The bankruptcy of these small and medium-sized banks will also have an extremely bad impact, seriously damaging the foundation of the banking industry, and then triggering a crisis in the entire banking system.

Almost all the smart people in the financial industry have taken action after realizing the seriousness of the matter.

Federal Reserve Chairman Paul Volcker, U.S. Treasury Secretary Donald Reagan, President of Citibank, President of Chase Manhattan Bank, President of Bank of Merrill Lynch...... A large number of financial giants urgently met to discuss what to do.

After the end of August 6, no proper measures were discussed.

The dire effects of Mexico's sovereign debt default have been further escalated.

Although the print media did not have the means to report in a timely manner, television stations in various countries had already reported the situation.

The general public in various countries is starting to worry.

Although the TV station has stated that the government will definitely intervene to solve the problem properly, there are still many cautious people who rush to the bank with bank cards, and they want to withdraw the money to be safer.

For a time, the pressure on the lending banks involved increased dramatically.

Under the general trend of U.S. stocks rising sharply and the dollar appreciating, the stock prices of U.S. listed banks have bucked the trend and plummeted.

But that's exactly what Xia Yu wants to see.

By the end of August 6, Xia Yu had received the report cards from eight teams.

Tang Yong's team made a floating profit of more than 220 million US dollars.

Xue He's team made a floating profit of more than $210 million.

Song Yang's team made a floating profit of more than 170 million US dollars.

Li De's team made a floating profit of more than 180 million US dollars.

Liu's team made a floating profit of more than $190 million.

......

Liu Wei's team made a floating profit of more than 80 million US dollars.

The total floating profit of the eight teams reached more than $1,263 million!

If we add the $700 million in floating losses of the entire Galaxy Fund before, it is equivalent to an increase of more than $1.96 billion in income on this day.

It's terrifying!

On the phone, Xia Yu also felt the excitement of each team.

However, he remained calm, and after encouraging the teams, he specially told them to continue to stay calm and maximize the results of the battle.

In the following days, the worst effects of Mexico's sovereign debt default became more and more serious, and after media reports around the world, it almost reached the point of being known, and of course, Xia Yu's media empire was behind it.

But in today's situation, it is normal for the media to rush to report relevant news, so it does not arouse the suspicion of others, but because of all kinds of sophisticated news, the media controlled by the Jiuding consortium behind the scenes has a tendency to stand out, many newspaper sales have risen, and the ratings of TV stations have also risen.

On August 7, the total floating profit of the Galaxy Fund reached more than $2.55 billion.

On August 8, the total floating profit of the Galaxy Fund reached more than $3.63 billion.

By August 9th.

At a time when commercial banks and governments in Europe and the United States have not yet come up with an appropriate solution to Mexico's sovereign debt default, another country has declared that it is unable to repay its debts despite the obstruction of Europe and the United States.

Eleven a.m.

The Argentine finance minister held a press conference and announced in front of everyone with a guilty face that Argentina could not repay the principal and interest of the $43.6 billion sovereign debt, but Argentina would definitely do its best to find a solution......

Later, no one paid attention to the high-sounding nonsense made by the Argentine finance minister, and the major banks in Europe and the United States wailed one after another, especially the banks that lent money to Argentina.

As for Argentina, after announcing its inability to repay its debts, Argentina's already volatile and declining stock and foreign exchange markets completely collapsed!

PS: There is only one shift today, I have to go crazy with work, I work overtime at noon and night, I have low back pain, I have a dog, and I haven't taken a bath yet, hey

n.