Listening to Lyle's pleading words, Palmer also expressed his worries in a timely manner, but what he was worried about was different from Lyle.
"Lyle, I am very concerned about the economic downturn in Europe caused by the credit crisis."
Lyle immediately understood Palmer's subtext. Their offshore balancing strategy was now completely screwed up, and Palmer's side was not much better.
Offshore balance is also the most important core strategy of the United States. On the surface, offshore balance is to maintain the balance of the power of various players in Eurasia and maintain the peace of Blue Star.
In fact, to put it bluntly, it is to let various forces fight and restrain each other to avoid the emergence of new competitors in Eurasia, so as to ensure local security and leadership in the world.
At this point, the interests of the United States and the Cow Country are consistent, but one's purpose is to suppress the development speed of other players, while the other's purpose is to prevent itself from being marginalized.
Why is Palmer worried? The impact of the credit crisis in cattle country is huge.
I won’t say how much money Niu Guo lost in total. The key point is that the status of Fog City, the world’s financial center, is in jeopardy. Credit, credit, if a country has lost its credit, do you still dare to trade there?
But the geographical advantage of Fog City is simply too great. You can read the Asian market in the morning and the American market in the afternoon on Fog City Exchange. There is no need to be like Wall Street or Hong Kong Island. If you want to know the market changes on the other side of the ocean, you have to go there. Continue to work overtime at midnight and early morning.
The geographical advantage of Niu Country is simply a natural global settlement center. No matter how much Chen Yi promoted Wall Street and Hong Kong Island in his previous life, most investors still choose to go to the small and transparent Fog City Exchange for transactions.
On the surface, Palmer is worried that the European economy will also decline after the cattle country, an important economy, crashes. But in fact, he is worried that the mainland of Europe will increase its efforts to stay together in order to cope with the impact of the economic recession. The process of globalization will be greatly accelerated, and a new collective will be formed within the Eurasian continent.
Well, this is also Chen Yi's main strategic purpose in starting this credit crisis.
Obviously Palmer and a group of people in the Black Palace have realized the impact of this on the offshore balancing strategy.
But Lyle seemed very embarrassed: "Palmer, we really can't do any more small tricks now, otherwise it will cause great turmoil in the country!
You should also know the situation of those noble gentlemen. The Niu Kingdom must settle down during my term of office! "
When Palmer heard him mention those noble lords, his head felt swollen.
The current situation is that even if they continue to stir up shit around the world, they are powerless. This time, under the pressure of the Labor Party, the aristocratic gentlemen have hemorrhaged money to provide benefits to the people of the country, allowing the ordinary people of the Cow Country to open the door to the new world, but at the same time It also caused a very bad impact.
Since then, the Niu Kingdom has begun the "blame-blaming era". As long as big news happens in the country, it is right to blame those noble lords.
This is correct during the credit crisis. Overcorrection must be made in extraordinary times, but if this trend becomes normal in the future, it will allow many people to find a perfect excuse for their dereliction of duty.
If the group of aristocratic men in the Niu Kingdom gave up their responsibilities to fish in the past, then everyone can fish now. As for how their collective fishing will have a bad impact on the country?
Didn't he say "everything is the noble lord's fault"? What does it have to do with us bastards?
Lyle has been aware of this problem, but he does not dare to defend those noble lords. A bad Labor Party will also attack the streets like the Conservative Party. Now everyone in the Labor Party has reached a consensus, and other things can be done in recent years. Let it go, but this matter must be resolved.
Palmer also felt speechless and choked. He and Lyle were now in a state of wanting to do something, but not daring to make too big a move.
If the Labor Party is not good, it will be boycotted by all votes. If Black Palace's actions are too obvious at this time, it will only have the opposite effect and make Ou Meng's group of players more united.
After both parties were silent for a while, they talked about other things and ended the call.
After Lyle hung up the phone, he felt depressed. He somewhat understood why the conservative party bosses ran away. Only such a mess was willing to take over. No one would praise him if he did well, but if he didn't do well, He will be nailed to the pillar of shame!
Who would be willing to do such a thankless thing!
But Lyle still had to take over this mess. Because of the criminal record of Roy and a group of conservative party bosses, everyone in the country was now staring at the Labor Party people from all directions, fearing that they would imitate their predecessors and run away like this. After all, even if Lyle wanted to run away, it would be impossible.
After Lyle hung up the phone, he convened a meeting with a group of people from the Palace of Westminster to discuss what to do.
But after discussing for a long time, everyone still couldn't come up with a solution. Faced with the current hot potato, one solution after another was directly thrown into the wastebasket. In the end, everyone simply gave up and continued to follow their traditional arts. Yes, pass the blame to the next person. Anyway, this problem is not obvious yet. It is serious to restore the official credibility of Niu Country as soon as possible.
. . .
A week passed slowly. Thanks to the efforts of Lyle, the "Paperer of the Empire on which the Sun Never Sets," the credit crisis finally came to a successful end. Well, it was just for the short sellers around the world and the eaters of other countries. It's perfect for the people of Gua, but it couldn't be worse for the ordinary people of Niu.
February 21, 1995, New World Headquarters, Hong Kong Island.
"According to a report by Barron's, the credit crisis caused a total direct loss of US$4 trillion to the cattle country, and indirectly caused the cattle country's economic activity to shrink by about 30%."
"According to statistics, more than 20,000 companies and institutions in the Niu Kingdom collapsed during the credit crisis this time, and 131 banks declared bankruptcy, including Lloyds Bank, one of the four major banks in the Niu Country. The pound-dollar exchange rate fell directly to 1.3326.
Direct economic losses were approximately US$8 trillion, including US$1 trillion in non-financial assets, US$1.8 trillion in financial assets cash and deposits, and US$5.2 trillion in bonds, stock investment funds and other derivatives.
Other indirect losses, especially the negative impact on the future, cannot be estimated. "
Chen Yi looked at the two statistical results from Barron's and the Qinglong Study Group. Although they both concluded that Niu Country had suffered heavy losses, they had different focuses.
The results of Barron's only include the mainland of Niu Country, and some family trust funds can only make rough estimates because the specific assets are confidential, but this is obviously a huge underestimate. The equity lost by some companies in Niu Country due to bargain hunting is also not calculated. Go in.
The Qinglong Study Group also included those funds with very opaque assets and some overseas assets, as well as the equity changes of some companies. Before the bargain hunting, most of the equity was owned by Niu Guo people, but after the bargain hunting, they had no money from Niu Guo. It has nothing to do with money, and this kind of asset loss is also included in their statistics.
Looking at the data in front of him, Chen Yi shook his head: "Why do I feel like we are helping Niu Guo lose weight!"
Luo Minsheng also lamented: "This time we killed nearly half of the banks and financial institutions in Niu State at once. Although most of them were acquired by foreign capital, almost one-fifth of them went bankrupt."
Wang Jianjun clicked his tongue for a while: "Before the crisis, the total assets of Niu State were 34178.475 billion U.S. dollars, and the liabilities were 234076.08 U.S. dollars, of which financial assets accounted for 70% of the total assets. I'm a good boy, they are really not afraid of death!"
Zhang Meirun curled her lips and said: "I have been lying around and making money for too long, who is still willing to work hard?"
For a time, everyone expressed their opinion that there were many opportunities but nothing to complain about this weird "de-industrialization" asset structure in European and American countries.
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