Chapter 21: The Arrival of D (4)

At the end of 1994, the depreciation of the peso led to a frenzy of foreign investors selling the peso, which in turn led to a sharp decline in the exchange rate between the peso and the US dollar. Because of the depreciation of the peso, foreign investors withdrew a large amount of liquidity, and the Mexican financial market was in a húnluàn, because of the depreciation of the peso, the Mexican financial crisis broke out rapidly, and thus hit Argentina, Brazil, Peru, Sao Paulo, Chile and a series of Latin American countries with similar economic structures to Mexico.

Latin American countries have been hit hard.

In the current financial crisis in Latin American countries, Mark Brown, who has been lurking in Southeast Asia for a long time and is very interested in emerging markets. Morbius fought a very good battle. His move disrupted the United States and the International Monetary Fund's vain attempt to quell the third financial system as soon as possible, and squeezed out the financial loans injected by Morgan Stanley, Lehman, Huāqi and many other institutions. In the end, the situation created was still exhausted by the Mexican government. The low amount of foreign exchange reserves, the over-reliance on foreign capital, the imbalance between the foreign exchange market and the stock market, and the unstable political arena have made the Salinas government suffer.

With the support of a $120 billion injection from the U.S. government and the International Monetary Fund and JR Investment International, the financial crisis, which originated in Mexico, stopped its raging pace and began to level off.

At the same time, Mark. Mobius was instructed by JR's decision-makers to carry the victory backpack and continue his journey to Southeast Asia away from Latin America.

Jerry had never heard of any extraordinary actions by the Quantum Fund and the Rothschild Financial Group during the financial crisis, but instead he had heard that the Quantum Fund had contacted the Managing Director of the International Monetary Fund (IMF) in order to address the impact of the Mexican financial crisis. Condesus also suggested that the U.S. government and the International Monetary Fund jointly chōu transfer funds to solve the urgent needs of the Salinas government. Maybe even George. Soros also did not expect that this emerging financial market would encounter such a storm in its early days.

And now, in May, when the aftermath of the Mexican financial crisis is still echoing, George. Soros actually teamed up with David. Rothschild came to his home and pointed his finger at Mexico.

Royer. Mason? Jerry's fast-turning mind had completely ignored the golden right hand. It seems that he is nothing but a golden right hand. Or, Royer. Mason has already been poached by the Rothschild family for his performance in the gold market. As for whose foot of the wall was dug up, who knows, at least Jerry knows that it is not his footing. He should just be a middleman.

Mexico after the storm?

What exactly do they want?

Could it be that like JR Investment, it is eyeing Mexico's oil and steel?

In the aftermath of the financial turmoil in Mexico, the $60 billion loan that Savillis accepted by JR Investment International was conditional on taking PEMEX (Petroleos Mexicanos) as collateral, and if Savellis could not repay the loan amount from JR Investments International within the expected period of time (three years), JR Investments International would take over the shares of Petroleos Mexicanos, in other words, by Mexico's most famous president, Lázaro Lázaro. The PEMEX brokered by Cárdenas will change hands directly. $60 billion, for Mexico's largest oil and chemical company, the world's third largest crude oil producer, the eighth largest oil and gas company, four years of interest-free repayment time, is not a difficult thing, with the price of oil in March 1995 18.71 US dollars per barrel, the annual output value of Petroleos Mexicanos in 1995 was about 50 billion US dollars. What's more, at this time, the trend of international crude oil prices is still continuing to rise, of course, no one will be like Jerry. Rothschel was a reborn, and neither was Savellis, who would not have imagined that in 1997 and 1998, after the Mexican financial crisis in 1995, the Southeast Asian economic crisis hit emerging markets hard, and oil demand fell sharply, coupled with the short rhetoric of Goldman Sachs, Lehman, Morgan Stanley and many other financial institutions, which led to a sharp increase in the inventory of various oil companies, and the market of oversupply, resulting in oil prices from 1996 to the end of 1998. To be honest, JR Investment's managers do not think it will be an easy task for Petroleos Mexicanos, which has taken a big plunge as one of Mexico's huge economic supports, to repay the U.S. and IMF aid loans on the one hand, and on the other hand to repay major domestic economic expenditures on the other, and on the other hand. What's more, what Goldman Sachs, Lehman and Morgan Stanley can do, JR Investment can't necessarily do. ,

Of course, Petromex is not something JR is aiming for. If you can't control it, you can take this opportunity to join the joint development camp, whether it is Texas oil or Siberian oil, it will be a major boost.

As for the mining industry in Mexico, it is not Jerry's favor, if it comes to mining, Jerry is more interested in Brazil's Vale. Mexican steel, that's just a springboard. After all, Vale in Brazil does not allow foreign capital to enter. What JR needs to do, in addition to waiting, is still waiting

JR has such a vision, except for Jerry, who has turned on the rebirth cheat. In addition to Rothschel, there is also a group of Robert. Soros is the leader of the think tank. And the Rothschild family, which has a history of more than 250 years, can see this, and Jerry admires it in addition to admiration

However, when Jerry turned the next page, he smiled self-deprecatingly.

It seems that I really think highly of the Rothschilds, David. The cooperation that Rothschild said was actually just to buy the Mexican state debt held by the King's Fund.

As another form of support for the Salinas government, and in order to acquire a stake in PEMEX, the King's Fund also purchased $30 billion in Mexican government bonds. Of course, these treasuries are not all backed by liquidity. Most of it is still invested in the construction of public facilities

David. What exactly is the reason why Rothschild thought of getting Mexico's national debt?