"In fact, the whole issuance process of DBLP bonds was very smooth, and the bells and whistles of DBLP bonds were packaged by Goldman Sachs Group, which was too complicated, and we didn't realize that Goldman Sachs Group would bury mines in them at that time. Wu Minghao then explained.

"But in May of this year, when the repayment date of the DBLP bond was approaching, the problem arose. ”

"In May of this year, when the repayment date of the DBLP bond was approaching, according to the agreement, the holders of the major institutions of the 'diplomatic bond' held a secret meeting in Manhattan, New York, to discuss the repayment of the DBLP bond. ”

"I thought that everyone would have a simple meeting, and everyone would take out the corresponding funds to repay the bonds according to the share of DBLP bonds they had previously held, which was nothing complicated, but no one expected that the meeting would go wrong. ”

"Big problem?" Qiao Tianyu and Michelle on the side were dumbfounded when they heard this, and looked at Wu Minghao with wide eyes.

"Yes, big problem!" Wu Minghao explained with a very low expression.

"Unlike three years ago, when the DBLP bond issuance was discussed, the private meeting in May this year did not have many delegates, at best not half of the previous meeting. ”

At that time, the participants were puzzled, and they didn't know why so many institutions were absent from the meeting, but after the meeting officially began, Goldman Sachs Group took out the notes of those absent institutions. ”

Goldman Sachs explained that the absentees had officially informed Goldman Sachs that not only would they not attend the secret meeting, but they were also not prepared to repay their DBLP shares. ”

"As soon as they heard that those institutions did not repay the DBLP shares, all the participants were dumbfounded, didn't they say three years ago that the discovery of DBLP bonds was just to temporarily withdraw funds?

Later, it was the representatives of Goldman Sachs Group who broke the ground, saying that when they issued DBLP bonds three years ago, because DBLP bonds were 3A-rated high-grade bonds, the major holders of 'diplomatic bonds' withdrew nearly 95% of their funds. ”

However, shortly after the issuance of DBLP bonds, that is, since the 1992 sterling crisis, the world economy has suffered a heavy blow, and the major developed countries have not yet come out of the haze of the sterling crisis. ”

"Therefore, the return on investment has declined, and even investment failures are not uncommon, so there is a general shortage of funds in various investment institutions, so some of them are simply unable to repay the DBLP bond borrowing. ”

"On the other hand, because the inflation rate around the world continued to be high at the time of the issuance of DBLP bonds, the interest rate of DBLP bonds was overpriced, and the world inflation rate has been under control in the past two years and has been on a high-speed downward trend. ”

"Therefore, if you use the high interest rate three years ago to repay the principal and interest of the DBLP bond, it is obviously very bad. ”

"Someone has calculated that the cost of repaying the principal and interest of the DBLP bonds at the high interest rate set three years ago is much higher than the amount of diplomatic bonds that would be repaid after the DBLP bonds were repaid. ”

In other words, those investment institutions would rather give up the 'diplomatic bonds' that were due at the end of 1994 as collateral, and they would not want to repay the DBLP bonds. ”

"It is for the above two reasons that those investment institutions have made a choice and decided to give up the 'diplomatic bonds' held by each family as collateral and not repay the DBLP bonds!"

"I'll go! There is such a commotion operation!" Qiao Tianyu was even more surprised when he heard it.

Qiao Tianyu is a two-life person, and he thinks that he has seen a lot of ups and downs in the world's investment field, and he has also heard about the situation of individual investors or individual countries not paying their debts.

But it was the first time he had seen such a large-scale world-class investment institution in the operation of not paying its debts in a bright and bright manner!

However, the world investment field is not a child's house, the investment field is constrained by strict rules, and the scale of DBLP bonds is as high as 2 trillion US dollars, not to mention a small fight, so it is not something you can not pay back if you don't want to!

"What about later? Wouldn't it be very important for so many investment institutions not to repay the money?" Qiao Tianyu asked impatiently.

"Isn't it? I borrowed so much money through DBLP bonds, how can I say that I won't pay it back if I don't pay it back?" Wu Minghao said sadly.

Because those investment institutions refused to repay the debt, the secret meeting had to be dissolved, and in a blink of an eye, the date of DBLP repayment came. ”

"Because of the failure to repay the debt on time, this incident directly alarmed the backstage boss of the US Treasury market, the US Treasury Department, and the US Treasury Department was shocked and made a ruling to freeze all the 'diplomatic bonds' as collateral for DBLP bonds!"

Moreover, the U.S. Treasury Department issued a solemn statement announcing sanctions on investment institutions that have outstanding debts due and restrictive their investment activities in major U.S. financial markets. ”

"As for the repayment of the DBLP bonds, the U.S. Treasury Department announced that they would hold the frozen collateral, which is all 'diplomatic bonds'. ”

"If an investment institution can pay $2 trillion to repay the maturing debt of the DBLP bond before the maturity of the 'diplomatic bonds', then the U.S. Treasury will transfer all the frozen 'diplomatic bonds' to the investment institution. ”

"If there is still no institution to claim the maturing debt of the DBLP bond after the maturity of the 'diplomatic bond', the U.S. Treasury Department will prioritize the principal and interest of the 'diplomatic bond' after maturity to repay the maturing bond of the DBLP bond. ”

"What? The U.S. Treasury Department took over all the 'diplomatic bonds' as collateral?" Qiao Tianyu was even more dumbfounded when he heard this.

Although the DBLP bonds are not repaid when they are due, the U.S. Treasury has the power to freeze and seize the collateral, and there is no problem with the U.S. Treasury's handling.

However, this time the US Treasury Department seized "diplomatic bonds", which Mr. Wu Wenjie and Wu Minghao "treasured" for many years, just to contain US nuclear weapons in the world offshore financial market war!

If all the "diplomatic bonds" are seized by the US Treasury Department, and Wu Minghao and Qiao Tianyu can no longer deal with the United States, then all their plans will also be in vain.

"Tianyu, I know you have realized the seriousness of the problem!" Wu Minghao patted Qiao Tianyu's shoulder helplessly.

"That's right, the $700 billion 'diplomatic bond' is indeed not in my hands, but was robbed by the U.S. Treasury Department, how can it be so coincidental?"

"I have been laying out the game with my uncle for so many years, putting all the bets on the 'diplomatic bonds', and seeing that the plan is about to succeed, I didn't expect to be cut off by the US Treasury Department halfway!"