Age of Dreams

Many people believe that the three major rating agencies in the United States are too cruel.

Without waiting for Greece to be unable to repay its debts, it hastily lowered the sovereign credit rating of Greece, which really feels like a ruin.

The female boss in Germany directly criticized the three major rating agencies for "no sense of social responsibility, and only knows to fan troubles for fear that the world will not be chaotic." The British Prime Minister also criticized them in the same way.

But not many people know that the three major rating agencies have not shrunk at all, and their attack on Europe is only now beginning.

On September 4, the three major rating agencies issued an announcement again. In view of the grim financial situation in Greece, they will downgrade the five major banks in Greece: National Bank of Greece, European Bank of Greece, Alpha Bank, Bank of Reeves and Agricultural Bank of Greece. Credit rating to BBB level to remind risk.

Now it was like stabbing a hornet's nest, and it became lively.

Many people don't know what role rating agencies have, so let's talk about a very simple role.

As long as you get the evaluation document from a reputable rating agency and think that your company is a good asset, then you can rely on this evaluation document to deal with banks and partners.

Conversely, if a reputable rating agency considers your company to be a low-quality asset, then the bank will recover the loan from you because they feel that doing business with you is risky; investors will also distrust you because they are worried about investing Will lose a lot...

Now you can see how powerful the world’s three major rating agencies are, right?

In a certain form, they are the arbitrators of the credit of the enterprise and the country, and they also have the power to control the credit of the country and the enterprise.

Once these three major rating agencies say you can’t do it, investors all over the world will think you just can’t do it.

This is the credibility and prestige accumulated by the three major rating agencies for decades.

Now they are used together on the Greek government. The Greek government may still be able to resist it, but when used on the five major banks in Greece, they really have no resistance at all.

Only half a day later, the Agricultural Bank of Greece, the fifth largest in Greece, took the lead in the announcement. Due to the suspension of business for technical reasons, the bank's ATM will no longer accept deposits and withdrawals. The specific reopening time is to be determined.

Immediately after the second day, Greece's fourth bank Raeves. It was also announced that all branches of the bank, including ATM machines, would impose restrictions, and each person can only withdraw 20 euros in cash per day.

This move by the two banks has severely affected the Greeks’ confidence in their country’s economy.

All of a sudden, the other three banks that were still in operation were crowded out by people who withdrew money directly, whether they were business outlets in urban or rural areas. It's all overcrowded.

For this reason, the three major banks were immediately under tremendous pressure. According to a bank insider's words, even if they did not learn from the Agricultural Bank of Greece and the Bank of Reeves, according to this situation, the three major banks could not support it for a week. .

The Greek Ministry of Finance had to grit its teeth and announced that it would allocate 2 billion euros from its fiscal account and inject capital into the three major banks to help them stabilize the situation.

At the same time, the President of Greece has repeatedly appealed, please don't panic. The Greek government is confident in solving the problem. The country's operations in Greece are normal and there will be no crisis at all.

However, there is an idiom called want to conceal and reveal. The Greeks are not fools. Seeing the government’s solution to the problem, they only allocated 2 billion euros for capital injection, and the three major banks together only had 2 billion euros. They immediately believed it. Your country’s financial situation is already terrible, otherwise how could it be possible to use only 2 billion euros to solve the crisis?

The people don't know. In fact, the Greek government is also in a headache.

Because Greece is now in the European Union, and its currency circulation is dominated by euros, its central bank's role is very small, and it is impossible to be like the Fed. Print banknotes for use as soon as possible.

If you want a large sum of euros to mobilize and use, you must have a sufficient deposit before you can apply to the European Central Bank. It is not what you want to have.

This 2 billion euros is the maximum mobilization of funds by the Greek government, and there is no more 2 billion euros in their accounts now! !

An atmosphere of panic spread across Greece. There was a lot of riots in Athens that night, and it is said that the huge travels were also in full swing.

Faced with such a situation, not only the Greek government is dumbfounded, but the European powers who have been repeatedly reminded by the Chinese government are also stunned.

They did not expect that the disaster would come so quickly, and the blow would be so severe.

Although the United States is fanning the flames for fear that the world will not be chaotic, your Greece is really too weak, right?

I can't bear such a bit of difficulty. It can be seen that the situation in Greece is really too bad. A little bit of trouble almost broke them.

Since this is the case in Greece, what can be done if the four major countries of Italy, Spain, Portugal, and Ireland, which are similar to the situation in Greece, are exposed to debt problems?

The entire EU will soon fall into a serious crisis of disintegration!

The most powerful ones in Britain, France, and Germany are actually not doing well. When they checked the credit default swap insurance before, they found that many banks in their country had huge loopholes.

Take this sovereign debt bond in Greece, for example. Goldman Sachs and other investment banks and fund companies have taken it to insure twelve banks including Deutsche Commercial Bank, British Rice Bank, and Credit Lyon Bank.

You have been happy to collect insurance premiums over the past few years, but if Greece defaults on its debts, these banks will lose even their pants!

Fortunately, the Chinese side told them a month in advance. The EU countries have made some preparations. France, the United Kingdom and Germany have taken a tough attitude and ordered the banks to resolve these hidden dangers as soon as possible. Therefore, it is even a crisis. When it comes, they are also well prepared to deal with it.

At present, the banks have urgently communicated with Goldman Sachs, united with the most severe threat, threatening Goldman Sachs and other companies to abandon this "unethical insurance contract."

Goldman Sachs was also a little dazed. They wanted to fish in troubled waters during the chaos, but now they know in advance. If they insist on launching it, I am afraid that Goldman Sachs will never want to enter these countries in the future.

On the one hand, there are huge interests now, on the other hand, long-term interests. Goldman Sachs has very different opinions on this. It is still under discussion.

Small fund companies have no scruples in this regard. Anyway, I just want to make money. This is not illegal. Why do you say me?

Therefore, they firmly refuse to admit that such credit default swap insurance is unethical. It is strongly required to act in accordance with the contract, otherwise these banks will be sued for breach of contract.

This can make those banks almost vomit blood.

But the bank has no way to blame them, and can only try to reduce losses as much as possible.

But anyway, according to the feedback, the three kingdoms of Britain, France and Germany are definitely not as flustered and overwhelmed as their previous lives. Then their losses will be reduced a lot, so that the vitality of the EU can also be preserved.

However, there is no way to avoid the debt crises of those five countries.

These five countries are affected by the disaster, and that is not just the matter of the five countries. The small European countries have debt problems to some extent. At that time, everyone will encounter difficulties and will need several powerful countries to help them.

Therefore, this time the EU will definitely hurt its muscles and lose one-third of its vitality.

The European Union, which hurt a third of its vitality. It is always much stronger than the previous life, and the war with the United States will definitely be more intense than the previous life.

"Oh, it's so young, you don't know, now Larson's group is crazy! With the outbreak of the Greek debt crisis, their layout for more than a year can be considered a success! At least they can earn more than a dozen. A profit of hundreds of millions or even tens of billions of dollars!" Tong Wencong sighed when he called.

"Don't envy them! After earning this sum, can they still invest in Europe? They can only make trouble in America and Asia, right?" Xiao Qi laughed, "You can go there in the future. Europe invests in business and acquires potential companies. Isn't it enviable to do their financial business?"

"But seeing that so much money can't be earned, it's simply a torture." Tong Wencong was still a little reluctant.

"Just thinking about how much others earn, why don't you think how much we earn from the subprime mortgage crisis and gold futures?" Xiao Qi asked.

"Haha. Yes! Speaking of the last income of the subprime mortgage crisis, the income was completed two days ago, which is 3 billion US dollars more than expected!" Tong Wencong smiled, "I also asked for the gold futures. Qi Shao’s fortune made 2.6 billion US dollars, and almost 4 billion US dollars in two to three years. This is the world’s money-making speed. They are all top-notch!"

"Therefore, there are many opportunities to make money, and there is no need to make any money. It is not good if you are hated by these countries." Xiao Qi said, "You wait and see, this time these fund companies, there are three big three. The rating agencies, who jumped out to be the vanguard, certainly do not have their good fruits."

"I know, China has already warned the EU countries about the debt crisis in advance. They have been prepared!" Tong Wencong said, "Speaking of which there are so many smart people in the world, I will honestly follow the odds and make money. I'm satisfied."

After working with Xiao Qi for so long, Tong Wencong not only made a lot of money in terms of profits, but also bought several companies for Xiao Qi to match and buy several companies, and has a reputation as a broker.

For a Wall Street fund manager ~www.readwn.com~Tong Wencong may not be that good, but his stable investment and strategy have won the favor of many people. In the past two years, the funds under management have exceeded 50 Billion dollars is also considered a man in the limelight.

Thinking that from a small fund manager to the present, he almost relied on Xiao Qi, so Tong Wencong immediately abandoned his regret of not being able to participate in the European debt crisis feast, and determined that he would continue to follow Xiao Qi!

Follow the world's richest man to make money, but it is very safe!

Xiao Qi knew very well about these thoughts of Tong Wencong.

Ordinary people are indeed a little itchy to see that so much money has not been made.

What's more, Tong Wencong is a fund manager, and he knows very well about such financial derivatives, and he knows the profits contained therein.

But Tong Wencong also listened to Xiao Qi's advice, and controlled his greed, and did not take this muddy water. This is why Xiao Qi is willing to take him to make money on gold futures together.

Xiao Qi has never been stingy with honest and obedient collaborators! (To be continued.)