Rebirth of the Strongest Tycoon

If there is one, there will be two, and if there is two, there will be three. In everything, I am afraid that someone will lead the way!

Mexico is one of the leaders in Latin America. Although Argentina's domestic economy is sluggish, it cannot hide the essence of Argentina as one of the major Latin American countries.

After these two countries chose to default, although the domestic stock market and the domestic currency system collapsed, the pressure on them also disappeared or shifted most of them in an instant.

The chickens and dogs jumped into Europe and the United States and other countries as well as major banks.

After Brazil, Colombia, Peru and other countries saw it, the governments of various countries were also eager to move.

For a country, there is never a shortage of smart people. In fact, the governments of Latin America and other countries have already analyzed their national situation and interests very clearly.

Carrying a huge debt, the national economy has actually fallen into an endless cycle, and it can only be sucked out by Europe and the United States and other countries step by step. In the end, the financial market of the country will also collapse.

Since the financial market will collapse sooner or later, it is better to collapse now, at least with a little bit of the initiative, the impact can be lighter, and the debt is put aside first.

In short, Latin America and other countries could not stand the oppression and exploitation, and chose to overturn the table.

Regardless of whether it is debt or not, let’s talk about everything again. As long as we work together, maybe more than half of the debt can be wiped out directly…

Anyway, there are only broken pants left, how can they be damaged to such an extent?

On August 11, just as the sovereign debt crisis in Latin America intensified, Brazil, the strongest comprehensive strength in Latin America, did not want to suffer any longer, and jumped out decisively to add fuel to the fire.

That morning, Brazil's finance minister announced that Brazil was unable to perform its $91.3 billion sovereign debt.

With Brazil's announcement of a breach of contract, Europe and the United States and other countries know that things are completely irreversible!

After all, the three countries of Mexico, Argentina and Brazil have defaulted on their debts to a combined total of $222.5 billion!

It accounts for 67.7% of the sovereign debt of 19 Latin American countries, more than two-thirds!

The Three Kingdoms took the lead, the general trend was irreversible, and the Three Kingdoms withstood most of the pressure.

Under such circumstances, the other 16 indebted countries realized that the opportunity had finally come, and one by one, ignoring the obstructions of European and American countries, they scrambled to declare that they could not perform their contracts.

On August 12, six countries including Venezuela, Peru, Chile, Panama, Nicaragua, and Costa Rica announced within two hours that they would not be able to perform their sovereign debt obligations on time.

On August 13, seven countries including Colombia, Ecuador, Paraguay, Uruguay, Belize, Bahamas and Guyana successively announced that they could not perform their sovereign debts on time.

On August 14, the last three countries, including Bolivia, Suriname, and Nicaragua, announced that they would not be able to repay their debts on time.

Since Mexico took the lead in declaring its default on August 6, in just nine days, all nineteen sovereign debtor countries in Latin America announced their default, and the sovereign debt crisis broke out!

The US$328.7 billion sovereign debt is like an exploding ammunition depot, recklessly destroying the economic order of Latin America and constantly impacting the financial order of European and American countries.

Under the scrutiny of the omnipotent media, the list of debts of 328.7 billion US dollars was released and placed on the front pages of newspapers in various countries, even if the bank tried to cover it up.

On this list, it is clearly written which bank lent the amount and to which countries.

And also very thoughtfully arranged the order of these banks, the top of the list is Citibank in the United States.

The UK's Barclays Bank ranks first in the UK, first in Europe, and third in the world in terms of debt holdings!

This list is not the honor roll, and the major banks hate this list.

The list clearly puts the magnitude of the crisis facing each bank in front of savers and investors alike.

When the British people saw that Barclays Bank held more than $13.68 billion in sovereign debt,

Suddenly panic broke out across the country.

Depositors have flocked to Barclays Bank for only one purpose, to take out all the money they have deposited in Barclays Bank, even if they only save one pound!

They will never sell for the wrong investment of Barclays!

no way!

As for the money withdrawn, the British people either put the cash directly at home, or if the amount is relatively large, then deposit it in other banks.

So which bank to deposit into?

The major British newspapers have made it clear to them, and the banks have all issued statements.

Banks such as Standard Chartered Bank, Royal Bank of Scotland, China Commercial Bank, and Barings Bank do not hold even a dollar of Latin American sovereign debt.

Lloyds Bank, one of the four major banks, only holds 48 million pounds of Brazilian sovereign debt, which is less than $100 million in US dollars!

All of these banks can be trusted!

As for the other three of the big four banks, Barclays, National Westminster and HSBC, no more money can be deposited.

Because in addition to Barclays holding more than $13.68 billion in sovereign debt and more than $11.94 billion in Latin American corporate debt.

National Westminster Bank holds more than $8.17 billion in Latin American sovereign debt and lent $7.9 billion to companies in Latin America and other countries.

HSBC holds more than $6.94 billion in sovereign debt and lent more than $7.53 billion to companies in Latin America and other countries.

How far do these three banks hide?

...

On the afternoon of August 14, after the stock market closed.

Evelyn Rosier dragged his exhausted body back to the family, and went straight to find Jacob Rosir, Elro Rosir and others who were gathering.

Seeing the return of Evelyn Rothier, everyone who was talking stopped immediately.

"Evelyn, how's the situation at the bank?"

Liszt Rothier, who came from Vienna, Austria, immediately asked about the situation after Evelyn Rothier sat down and took a sip.

Facing everyone's gaze, Evelyn Rothier sighed and said bitterly: "The situation is very bad, our bank's debt situation has long been publicized, and depositors and investors have completely lost confidence in our bank. Our stabilization measures are completely ineffective, and now every branch is full of people, all for withdrawals."

"How many deposits have been withdrawn?"

Harry Rosier from Switzerland asked at once.

"I've counted the data, it's more intuitive, let's take a look."

Just after finishing speaking, Evelyn Rothier suddenly realized that there were so many people here that it would be a waste of time to watch one by one.

He decisively retracted the hand that held out the notebook and said, "Forget it, let me read it all over again. Let's listen together."

Everyone immediately focused their attention and looked at him with burning eyes.

Evelyn Rothier opened his notebook and read aloud: "The bank now has 48 billion pounds of total assets left, and depositors have a total of 42.12 billion pounds, from August 6th. So far, 1.55 billion pounds of savings have been lost, and the company's market value has dropped from 6.5 billion pounds nine days ago to more than 5.52 billion pounds."

"We now hold 14.84 percent of the bank's total assets in Latin American sovereign debt."

"If you add the $11.94 billion in debt to Latin American companies that are now classified as major risk assets, our bank's risk assets already account for 27.8 percent!"

"Our bank is now listed as the riskiest bank in UK banking by a number of institutions..."

"As for the bank's liquidity..."

Speaking of this, Evelyn Rothier's face became very ugly, which was a number he didn't want to face.

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