Age of Dreams

Huaguo State Investment Corporation, the State Investment Corporation of China, holds various bonds of the United States. In 2007, Japan was the largest creditor country of the United States, and basically we were the second largest creditor country of the United States. M

More than half of the bonds are in their hands, worth about 700 billion U.S. dollars.

Among the 700 billion US dollars, the bonds of Fannie Mae and Freddie Mac accounted for 376 billion.

Fannie Mae and Freddie Mac are basically government-supported companies in the United States that provide guarantees or holdings for various mortgage securities or bonds, with a total amount of $5.3 trillion, accounting for 14% of the total number of outstanding bonds in the United States.

Among them, they themselves have issued more than $1.290 billion in bonds and mortgage portfolios. China, the largest creditor nation in the United States, exists as our foreign exchange reserves by holding more than $376 billion in bonds.

You read it right.

Our foreign exchange reserves are not simply US dollar cash. It is a piece of paper. Americans can print as much as they want.

Therefore, most of our foreign exchange reserves are held in the form of various bonds.

The bonds of Fannie Mae and Freddie Mac are known as the most stable bonds, so it is not only held by China, but also held by developed countries such as Japan, the United Kingdom, France, and Germany, but we hold the most .

Fannie Mae and Freddie Mac are known as "the largest government-sponsored industries in the United States." In normal times, you can't see what's wrong with them, and they can also receive generous interest, which looks like very good investments.

But wait until August next year. Fannie Mae and Freddie Mac broke out a huge loss of more than 120 billion U.S. dollars in scandals. Before people reacted, the stock price plummeted below 1 U.S. dollars, directly trapping all bond owners including China and Japan. .

Then...then they are delisted.

The 376 billion U.S. dollars in Huaguo's hands has become wealth on paper.

Unless one day. Any idiot who re-listed Fannie Mae and Freddie Mac and expanded the scale of it will have the possibility of recovering the money.

But... hehe.

Niu Ruzheng certainly doesn't know how destructive the subprime mortgage crisis will be after it becomes a financial crisis.

In fact, this kind of huge destructive power only appeared once in the 1930s, and because it is too far away from now, people whose scars have forgotten to hurt are repeating the occurrence of this tragedy.

I want to use this 376 billion US dollars, which is an idea of ​​more than 2500 billion yuan. Even if Niu Ruzheng, who has become vice president next year, has no qualifications and authority to make a decision, this has to be discussed and approved by the Executive Meeting of the State Council.

But only with Xiao Qi's words, Niu Ruzheng himself didn't believe it much, let alone others.

While thinking about it, Niu Ruzheng asked solemnly: "Freddie Mac and Freddie Mac, maybe... to collapse?"

"It's not possible. It must be!" Xiao Qi started to eat the dishes lightly, "Uncle Niu. Look, now the tenth real estate investment trust company has fallen, and in the next six months, these have to do with subprime mortgages. Commercial mortgage companies that have a relationship with Shanghai will continue to go bankrupt... They are all like this. What about Fannie Mae and Freddie Mac, who are more closely related to subordinated debt than them? The bonds they guarantee and hold. , There are many subordinated debts, right?"

"According to you, then Fannie Mae and Freddie Mac should go bankrupt first. Why did small companies start to go bankrupt?" Niu Ruzheng asked.

"Because the U.S. government wants to protect them. And their plate is so big, occupying 14% of the circulating bond market, won't the U.S. collapse when it collapses?" Xiao Qi laughed.

"You are right. If Fannie Mae and Freddie Mac were to fall, our $376 billion bond would be completely wiped out!" Niu Ruzheng frowned, "The question now is, will they do? It will fall. When will it fall?"

"No matter how much you have to wait until the second half of next year. The mess in the United States is getting bigger. Haven't they already begun to avoid loopholes and cover up?" Xiao Qi said as he ate, "Uncle Niu, what I said just now , You have to pay attention, if it is really a large commercial loan mortgage company that goes bankrupt due to real estate subprime debt, you can sell it by the end of this year... If it is too late, they will have no way to return it to us."

Niu Ruzheng nodded, and then said: "Can they pay it back? Are you willing to pay it back?"

"As long as you decide, I will teach those people how to ask for this money." Xiao Qi shrugged, "Of course, if you want someone to take the credit, I can tell him quietly. Anyway, I'm used to it. Be the hero behind the scenes."

"What do you mean, Uncle Niu treats you badly and often takes credit for you?" Niu Ru pointed at him amusedly, "Don't forget who made the corrupt official and him a few days ago. His son was sent to prison!"

"Hehe, I'm just talking about, why are you embarrassed to care about the younger generation?" Xiao Qi replied very lazily.

"I took note of this matter. In the next time, I will observe and find someone to investigate." Niu Ruzheng smiled, and started to eat with his chopsticks: "By the way, you said you want to help me find a punching bag. , Doesn’t it mean this Fannie and Freddie? They didn’t break out in the crisis, they used me as a punching bag."

"You too underestimate yourself. What are two companies? My uncle and nephew smashed them with one foot!" Xiao Qi bragged and said: "The subprime mortgage crisis broke out, now Are you sure?"

"Almost." Niu Ruzheng nodded, and said as he ate: "Thanks to your reminder, the country has made a lot of preparations recently~www.readwn.com~ That’s why this has added a lot of points to me, otherwise it has been paid recently. It's harder."

"Then I'll give you another idea, let you add more points, and find someone to vent your anger by the way!" Xiao Qi said, "Don't look at me with this expression... Don't worry, these are not good things. Be sure. I won't wrong a good person."

With that, Xiao Qi lowered his voice and spoke to Niu Ruzheng in a low voice.

Niu Ruzheng listened and put down his chopsticks.

When Xiao Qi finished speaking, he closed his eyes and pondered slowly for a while, and then slowly nodded, and a wry smile appeared on his face: "Are you trying to find a punch for me or for someone else to find a gunpowder keg?" It’s good for our company, but it’s too offensive, right?"

"Cut! Why didn't they think of offending us when they burned our shoes, prohibited our tires from entering the country, and raised our lighter penalties?" Xiao Qi said dismissively.

"Correct!"

Niu Ruzheng also smiled as he listened, and patted the table vigorously, "Okay, let them see, what is preemptive strike!"