Chapter 664: Others Lose, I Earn
"Explosive news! Lehman Brothers announced today that it is filing for bankruptcy protection! ”
"Lehman Brothers went bankrupt and was shady! The June report also claimed a loss of 2.8 billion in a single quarter, but now it is bankrupt! ”
According to people familiar with the matter, Lehman Brothers has a debt of more than $600 billion...... My Fack! How could this company borrow so much money! …… Why didn't anyone lend it to me?! ”
On September 15, local time in the United States, Lehman Brothers, a famous investment bank, collapsed, and the collapse was so rapid that it was simply unexpected. Pen × fun × Pavilion www. biquge。 info
In fact, many people are not particularly familiar with some of the specific situations of this company, such as Luo Yaoxiang in his previous life, he felt that such a bank of TAMA collapsed, then it collapsed, why did it cause such a big problem? What will happen to the whole world?
In fact, anyone who knows the financial industry understands that Lehman Brothers is no ordinary company, and the company itself has a very interesting history.
Let's just say that the establishment of this company, you will know it at a glance, the time is in 1850, which is very simple, but many people will ignore some important time nodes, such as what happened ten years after the establishment of this company?
Civil war!
Many people must also ask, what does this war have to do with this bank? War is war, isn't it?
To put it simply, the Civil War was actually a big war in which the United States really became a country.
The number of American soldiers who died in the Civil War, not counting the indirect deaths and those ordinary people who suffered from the war, this number is more than 750,000, you know, all the other wars in the history of the United States plus a piece, of course, excluding World War II, then there are not as many deaths as in this Civil War, and ah, even in World War II, the US military only died more than 1 million people.
It was World War II, and the weapons of the Civil War were not comparable at all, which shows how tragic it was at that time, and this tragic war actually has a lot of interesting things.
For example, the very important dollar!
Before the Civil War, although the United States dollar had legislation and a mint, the most circulated was the Spanish silver dollar, which we Chinese all had......
To put it simply, before the war, the currency was the real hard currency, silver coins, but during the war, Lincoln really called one poor and two white, saying that the US government was poor at that time, but the southerners were richer, and the United States was equal to the supplier of raw materials to Britain at that time, and cotton exports could obtain a lot of foreign exchange.
In fact, the cause of this war was the struggle for land, and the South fought for land to grow cotton, which required blacks to work as slaves......
None of this matters, but how could Lincoln fight America's most important war without money?
Borrow......
Anyone can think of this trick, but how to borrow it?
Someone was very smart, the US Treasury Secretary at the time was called Salmon Portland Chase, this guy ran Wall Street all day long, and the people there were rich.
As a result, the modern dollar appeared, which is close to the green paper of the dollar currently circulating in the world, but this thing is actually ......
National debt!
U.S. dollar banknotes are small amounts of Treasury bonds issued by the U.S. government.
Since it is a treasury bond, then you have to need a unit to issue it, and you have to let the institutions buy the US treasury bonds first, and then they will issue them, and the United States did not have a central bank at that time, so ...... Lehman Brothers played a significant role in this.
In fact, when there was no central bank in the United States at that time, Lehman Bank, along with several other banks, the Morgan family, was equivalent to the central bank of the United States......
The Fed came later, and this company actually had a big deal later, that is, when Roosevelt came to power, it was the period of the Great Recession of 1929, and Roosevelt came to power just when he encountered the biggest crisis.
In 1929, the stock market crashed and it was easy to say, but the most critical time was when Roosevelt came to power, to put it simply, the economic crisis fermented, and the reasons were very complex, and finally formed a situation that the financial industry feared the most, that is......
Run!
Q: How can the financial industry be eliminated?
A: All people, take the money out of the bank.
Reason: Because the bank simply can't come up with that much money.
Therefore, a run on the bank is what the financial industry is most afraid of, and it is also a situation that can make the United States a real end, and at this time, it happened that Roosevelt had just taken office for two days!
Later, as we all know, Roosevelt was very bold in closing down the banks of the United States for three days, during which the Americans lived without dollars.
In these three days, the United States has indeed been saved.
However, although the Roosevelt family is powerful, but Roosevelt Jr. has just come to power, is he really so courageous?
Lehman Brothers gave him great support behind his back!
At that time, the Lehman family also infiltrated the upper echelons of the United States, the political elite, married women and so on, and did a lot of things, even now, such as the ...... behind Bush Jr.
Anyway, such a bank, such a powerful bank, is really not good, it really can't fail.
Let's just say that many people have seen it before, this bank has a problem, but all kinds of reports, all kinds of news, it is simply how to beautify, how to cover up, how to cover up, anyway, our bank, the problem, is not big, just lose a little money......
However, now, it really can't be hidden anymore!
Let's talk about this investment bank, Lehman is an investment bank, in fact, this is the most profitable kind of bank, but how did such a bank fail?
It's very simple, because I can't find anything to make money, and I have to pursue the maximization of profits, so I go to buy junk debt!
Junk debt, this thing is on Treasure Island, and it has another name, which is...... High-yield bonds.
This thing is more profitable, but it is more risky......
Now that's it, Lehman has fallen, and this is still a chain reaction, not to mention anything else, such investment banks are too widely implicated, and many other banks, financial companies, all of them can't hold back.
AIG, this is insurance, and it's over, to help.
Goldman Sachs, Morgan, this was also an investment bank, and the result was ...... Hey, we're not called that anymore, we're not an investment bank!
Even this investment bank is not called, it's simply ...... The lack of discipline is extreme.
So, is there anything else to say?
The stock market is slumping!
The world's stock markets are plummeting!
And this time......
"Haha......"
"Watch me jump super!"
Poof!
"Oh my God!"
"The water is running out!"
Luo Yaoxiang had a party in his mansion in California, and most of the people who came to this party were his friends, anyway, everyone was just playing and making trouble together, and they were not affected by the economic crisis at all.
Actually, it's not just unaffected......
"Old Ye, you said that I have made so much money now, so what can I do?" Luo Yaoxiang asked embarrassedly.
"That's not easy, investment, flowers, a lot of things are cheap now......" Ye Chu this guy directly took over his sister-in-law, and Xiaowen compared his affection with him...... Incense one, um~
"......" Luo Yaoxiang was really speechless, hey, he felt a little spicy...... Well, this guy is envious, jealous and hateful.
But this money ......
Well, I bet on shorting before, and this guy made a lot of money, basically zero after that number...... Anyway, if you are an ordinary person, you may have no problem eating until the end of the world.
That money, you can't lie down anyway, you have to invest, this investment......
"What's cheap?"
"Real estate ......"
This suggestion of Lao Ye ...... Ay~
Forget it, Luo Yaoxiang summed it up, and people are indeed right, just after this 08 years, housing prices in countries around the world are skyrocketing, and now they are cheap, because of the financial crisis......
Too much money can be a nuisance sometimes.
It's a happy trouble, look at Lao Ke's fat man, this guy has a little money and goes to invest in the stock market, Luo Yaoxiang told him several times, he should be short, and the result is ...... Forget it, don't say much, he won't die anyway.
It should be said that Luo Yaoxiang is relatively relaxed, after all, he has money, and it is a huge amount of money, this money is ...... Luo Yaoxiang couldn't help but think, Lao Tzu is now rich and rivals the country, so can he simply build a country by himself, and then ...... So isn't the law its own decision?
If you want to marry as many wives as you want, won't this solve the problem of too many sisters?
I have to say that this guy Luo Yaoxiang is really wonderful, and this guy's YY dream at this time is completely ...... Ay~
"Boss, have your phone ......"
But at this time, Luo Yaoxiang's assistant came to look for him.
Got a phone? Who is it? What's going on?
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