Nozawa slowly explained the matter.
Shanyi Securities also has no money, and even other financial institutions including Changyin also have no money, but they just don’t have big money, but they themselves have money.
Nozawa and his group even joined forces to lobby Japanese officials to establish a 30 trillion yen security fund to support banks at all levels. Although the influence and voice of this group of people are not as good as before, a skinny camel is better than a horse. Big, after all, it had been famous for so long before, and after joining forces, it still has this foundation.
In this case, wouldn’t the principal be there?
Kira said in surprise: "It was you who promoted the establishment of the Security Fund?"
At the same time, I was stunned. Officials opened warehouses and released grains to support 30 trillion yuan, but they still couldn't fill the hole. It seemed that Japan's financial sector was really in danger. No wonder Sawano Kao chose it without even thinking about it. Hug her thighs.
At the same time, Kira also understood Nozawa's idea and embezzled public funds to speculate in stocks. . .
Speaking of the safety fund, Nozawa proudly said: “What we have to do now is to delay the collapse as much as possible, wait until those who should run away have finished running, and then directly use some media to expose the bad debts that have been concealed.
Originally, the final fate of these securities firms and banks was either to be dismembered and eaten by others, or to be acquired by those British and American ghosts, but now we can start over and even regain glory! "
Kira twitched his lips and said, "Tell me the truth, how many bad debts do you have in total?"
Nozawa did not hide anything and directly stated the real data: "We have almost 15 large institutions in total, including subsidiaries and controlled financial institutions, a total of 165, with a total of 50.08 trillion yuan in bad debts."
After saying that, he looked at Kira with pride and expectation.
Kira almost couldn't hold back her breath after hearing this figure. People like Nozawa combined have a total of 626 billion in bad debts. The six major chaebols are really sucking the marrow out of their bones!
This number was not that high in the early 1990s, maybe only 70 to 80 billion dollars, but Nozawa and the Ministry of Finance worked together to hide these bad debts, and Kira guessed that a group of people on Wall Street might also be involved. in.
Nozawa went on to tell her endlessly how they had operated over the years.
When Japanese real estate was booming in the 1980s, the six major chaebols opened a bunch of real estate companies to lend money to Nozawa and the others. Of course Nozawa had the green light, so the bubble blew bigger and bigger, and the assets on the books continued to rise. Until real estate hits the market.
At this time, the six major chaebols and Wall Street began their real performance.
Financial institutions like Nozawa continued to issue loans to package their own operations, showing prosperity in the eyes of outsiders. At that time, Japan also needed confidence, so various financial derivatives became popular again.
Financial institutions such as Shanyi and Changyin continue to lend to these wallet companies, and banks and securities firms themselves have also opened a series of wallet companies.
These companies are used to process loans that no longer perform contracts, package them into high-quality assets and sell them at book prices. Even a group of people on Wall Street have followed suit and designed various financial products to help Nozawa and others report financial results in the short term. Profits are realized while long-term losses are masked.
For those leather bags companies that still maintain operations, Nozawa and the others continue to treat them as high-quality customers for loans. This also shows those fat sheep investors that the companies they invested in are indeed developing well.
A group of supervisors from the Ministry of Finance also turned a blind eye. During the audit, Nozawa would pack up some documents that were not suitable for exposure, and the inspectors also tacitly ignored these documents, so over the years There were only a few scandals that broke out occasionally but they were quickly put to rest.
All the money flowed into various handbag companies in the form of loans, and the handbag companies quickly transferred them out in various ways. In addition to the serious stocks and corporate debt, what Nozawa and the others actually owned was just a bunch of empty shells. It’s just the company’s bad debt loan contract.
In 1992, they only had 13 trillion yen in non-performing debt, but now in 1999, it has risen to 50 trillion yen, which means that they have loaned out 37 trillion yen in these years. In the end, it ended up in the pockets of the six major chaebols, Wall Street, and even Kira, who were involved in pulling people’s heads.
These are the investors' funds that Nozawa and others brought in through various deceptions and deceptions. While dividing the spoils like this, they are also trying to maintain a good financial report on the books. Now it is almost done.
Kira was speechless after hearing this. This plot is much more exciting than the previous plots in the Titanium Kingdom. No wonder Sawano and the others have given up hope. Even the six major chaebols have given up on these time-honored financial institutions. There are probably not many people who have the heart to fill this fucking hole of more than 600 billion dollars.
Originally, she thought that the 30 trillion security fund could almost fill this hole, but she did not expect that this security fund was probably used to cut the last wave of leeks, so that Sawano and the others could hurry up after getting the money. Sort out your debts and continue to lend out whatever is left. The six major chaebols are not prepared to repay it anyway.
Now all it takes is a suitable opportunity for Zeye and others to declare bankruptcy and show their craftsmanship, and the more than 600 billion dollars will be over. . .
Let alone the "lost ten years" of Japan, even a hundred years will not be enough to lose the entire country.
"So, you decided to use the 30 trillion to speculate in stocks in the Southern Dynasties?"
Nozawa smiled slightly and gave an affirmative answer: "Yes, but certainly not all 30 trillion will be taken. I estimated that we can only use about 10 to 18 trillion.
The group of people in the northern part of the Titanium Kingdom inspired me, why do we have to be obsessed with doing long or short?
If Soros insists on going against us, he will use our capital to cause large shocks and harvest small amounts of hot money.
Huh, people on Wall Street are not good people. Their plan must have included Japan this time. If Soros had not suffered a setback in Titanium, a large number of domestic financial institutions would have gone bankrupt.
The guys in the Southern Dynasty are not good people either. I will definitely give them a big gift this time! "
Kira calculated it and found that the specific amount was between 125 billion and 225 billion dollars. She also began to mourn Soros.
But she quickly said as if she remembered something: "I have something to ask you about Erxing and LG."
"no problem."
. . .
Ah, cut it——
Soros, who was still doing related planning at the Apple Quantum Fund, sneezed, but he didn't take it seriously.
He was preoccupied with his next plan. The Tau Nation had failed once, and they could not afford to fail again this time.
However, he is full of confidence in the actions of the Southern Dynasty. In his opinion, the Southern Dynasty may not be as resistant as the Tau Nation.
It was because of this that he chose the Titanium Kingdom to strike first. Anyway, the Southern Dynasty was the meat on the chopping board. You could eat it as much as you wanted. But now the situation has changed. Soros had to suck the blood from the Southern Dynasty and roll the snowball before going. Act as a monster elsewhere.
"Everything all right?"
"It's going very well. The prices of government bonds and Korean won have begun to rise, and are expected to reach their highest level the day after tomorrow."
"Great, start selling in full force in three days!"
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