Rebirth Technology Power

Chapter 231
Silicon Valley Bank announced that it sold $210 billion of salable assets, with a loss of about $18 billion, while refinancing $22.5 billion.

This announcement immediately aroused great concern in the market.

Just one day later, Silicon Valley Bank's stock price plummeted by more than 60%, resulting in a serious deposit run.

Then another day, Silicon Valley Bank declared bankruptcy and was taken over by the FDIC.

This series of reactions left the outside world stunned.

Before I could react, the 16th largest bank in the United States just went bankrupt.

"Pfft~~ The 16th largest bank in the United States is just a small bank?" Cai Jin felt a little weird.

It has to be said that Yingjiang's remote breeding technology is indeed unique in the world.

Many people on the Internet have the same voice, that is, Silicon Valley Bank is just a small bank, not surprising, and it is not a big bank such as Citibank or JPMorgan.

Cai Jin was speechless.

Silicon Valley Bank, the 16th largest bank in the United States with total assets of 2090 billion US dollars, is actually just a small bank.

I don't know if this kind of joke is funny or not.

If it was just a small bank, how could the other side take joint action, announcing that they would provide US$250 billion in emergency loan support to support the deposits of Silicon Valley Bank depositors.

Look again, Boss Pan, Boss Wang and others, it is said that their deposits in Silicon Valley Bank have all been in vain.

Cai Jin shook his head. To be honest, Cai Jin didn't care about this kind of thing, because he didn't save a dime overseas.

He already had a hunch that this was not the end, but just the beginning.

It really is the autumn of change!

Sure enough, as Cai Jin expected, in just a few days, Signature Bank, the 19th largest bank in the United States, also went bankrupt. At the end of last year, Signature Bank's assets reached 1103.6 billion US dollars, and the scale of depositors' deposits was 885.9 billion US dollars.

Unlike Silicon Valley Bank, which is headquartered in Silicon Valley, Signature Bank is headquartered in New York, and its main business is to provide financial services to small and medium-sized enterprises and high-income groups.

And this has also become the second bank with hundreds of billions of dollars in deposits to close down in the United States after the collapse of Silicon Valley Bank.

A small and medium-sized bank was struck by thunder.

Before everyone could react, Credit Suisse was also thundering!

You know, compared to Silicon Valley Bank and Signature Bank, Credit Suisse Bank is much bigger and more famous.

Credit Suisse is one of the 30 global systemically important banks identified by global banking regulators and is considered a 'too big to fail' financial institution!

This is like a signal, which gave the market a heavy blow.

It is obviously warm spring, but it feels cold in spring.

This kind of cold is not obvious in China, but it is quite obvious overseas.

The European and American banking turmoil was detonated, announcing the entry of a cold winter.

No one is comparable, this time the cold winter came in this way.

It is really almost satisfied, the regularity of a ten-year cycle!
Before, everyone thought that this year would be a year of strong recovery for the global economy.

But on the contrary, this year is a year of cold winter.

How to survive the winter has become a topic of general discussion in the whole society.

Before, everyone was still envious of the popularity of export trade, how to make money, but now, many export trade orders have simply disappeared.

Cai Jin shook his head, really caught off guard!
However, the 2024 fiscal year budget, which has been in the game for so long, has not been announced for a long time, and the struggle between the two sides has become increasingly open and fierce.

On the battlefield, not only did the flames of war not stop, but it became fierce.

Various ammunition tilted, and even set a daily record.

For a while, he couldn't understand the world.

Fortunately, China's pace is not chaotic, and it is moving forward firmly and forcefully.

The 'Chang'e 2' space shuttle has once again carried out a manned landing on the moon.

This is China's fourth manned moon landing. In addition to the five astronauts in the cockpit, five scientific researchers also set off to the moon.

Cai Jin once again clearly received an order for two space shuttles.

He didn't understand that before, CNSA made it clear that the subsequent space shuttles would be handed over to AVIC to improve the manufacturing level of the aerospace industry.

Why now, he changed his mind and placed an order for him instead.

But after thinking about it carefully, Cai Jin understood a little bit.

Domestically produced large aircraft, aerospace fighters, J-20 fighter jets, H-20 strategic bombers, and Y-20 strategic transport aircraft. These have overwhelmed aerospace.

Even the satellite manufacturing capacity can't keep up.

It is estimated that China's aerospace and aviation fields are not capable of developing space shuttles anymore.

If it is handed over to AVIC to manufacture, I am afraid that in the short term, it is impossible to get a space shuttle.

After Cai Jin received the order, he began to arrange the construction.

Anyway, the space shuttle is still very profitable for him.

He is also happy to build the space shuttle and see China's aerospace industry create new records and milestones.

Cai Jin predicted that in a few years, it would be difficult for manned moon landings to attract everyone's attention.

After all, there are more than a dozen manned moon landings every year. After a year or two of this kind of news, everyone will become numb and not interested.

Just like in the beginning, when the Y-20 strategic transport aircraft delivered materials abroad, it was a sensational news all over the world.Looking at it now, it can't even be on the hot search list, and there is no attention at all.

After all, sometimes 10 Y20 strategic transport aircraft will perform missions together.

Everyone is indifferent.

Perhaps after three to five years, only manned landing on Mars will attract everyone's attention and interest.

Now the world's attention is no longer space.

Although it is said that last year's world buzzwords, space hegemony is definitely among the top three.

All countries are concerned about space hegemony.

It's your ticket to the future.

Whoever masters the supremacy of space first is equivalent to mastering the ticket to enter and exit the interstellar space in the future.

Everyone knows that in war now, priority must be given to air supremacy.As long as you have air supremacy, you can use the air superiority to crush the ground troops to death, and there is no chance of a comeback.

The same goes for future wars.

Whoever has achieved space supremacy basically has no power to fight back on the ground, and can only live in fear.

As long as space supremacy is obtained, it will depend on your face if others want to go to space in the future.

So in the past, each country proposed an ambitious space program, each calling for a manned landing on the moon and a manned landing on Mars.

But now suddenly the cold winter is coming, everyone is having a hard time, and there is no money left to develop aerospace.

In the cold winter, the most important thing is to get through the cold winter first and survive in the cold winter.

Only by surviving can we talk about development and imagine space.

Otherwise, you will not be able to eat enough to wear clothes, and you will not be able to imagine anything in your mind if you want to imagine space.

Upper decision decided by the economic background.

This sentence is quite reasonable.

Look at NASA's $5000 billion budget proposal. No matter how much momentum is put forward, it has not been passed yet.

(End of this chapter)