Extraordinary Genius

At this time, the banking industry in the US was trying to overcome difficulties, but there were many solutions, but the most fundamental thing was the need for money.

At a time of bad economic conditions, especially after the bankruptcy of many banks, the most common practice among the general public is to cash the deposits in hand quickly.

In their view, it is safer to keep cash at home than at a bank. If these banks fail, their money will really become scrap paper.

This resulted in centralized payments, which increased the cash burden on banks. Normal banks do not have particularly large cash reserves. In many cases, 10 percent of deposits are sufficient for circulation. Twenty percent is already extremely high. When interest rates are raised, seven percent of large banks with good reputation are sufficient.

But at this point, it is far from enough.

And one of the interesting things is that the banks that didn't shut down, the credit cards that they sent out, are still working.

Some people were surprised to find out that they had processed credit cards at some banks, and then they didn't wait for their repayment, and the bank went down.

Though the accounts are still there, who took over the bankrupt bank, who would take over the account. But you don't have to pay it back for now, do you deactivate your account?

Even some banks went bankrupt, and this went straight to death, and they all felt like they were taking advantage of it.

At that time, many people came to the big banks to apply for credit cards, and although the audit system had become much more rigorous, it could still be handled.

And many of the people who handled credit cards before, they started swiping their cards wildly. Some are unemployed for a period of time, their own income is cut off, and they can only be cashed through credit cards or something to sustain their present lives.

Some simply want to take advantage of it and wait for the bank to go bankrupt so that they don't have to pay it back or pay it back for the time being.

As a result, those banks were under increasing pressure to cease credit card operations, after all, many of them were in normal use and had sufficient repayment capacity.

Large numbers of bank layoffs have been insufficient in themselves, and the inability of the credit card side to review them in detail has created a growing gap.

The more confusion, the more loopholes, and Feng Yu is very happy to see these situations.

The reputation of those banks has declined and is also an opportunity, and Voice Bank is now in the process of choosing a low-key location for a major push into the military rice market.

By using Feng Yu's name, the bank's credibility will not be underestimated. However, Feng Yu also knew that this would definitely be subject to some restrictions. But at a time when there are many gaps in the U.S. banking industry, the U.S. will never restrict the access of the Voice Bank, except for business projects, which may be limited.

Xiaobu X goes to Huaxia to attend the opening of the Olympic Games and visit ~ Hua by the way.

The main intention is to work more closely with Huaxia. The US is one of Huaxia's most important export markets, and Huaxia is also the most important market for the US.

Especially at this time, many enterprises in Huaxia have left the US financial market, and after finishing up, returned to Xiangjiang or Demon to re-list, which also has a huge impact on the US stock market.

If followed by firms in other countries, the US stock market would be more seriously injured.

Xiaobu 10 wants to talk to Huaxia side, can you keep some enterprises from closing the market, the US financial market will definitely develop again, that is the best and most mature financial market in the world, will never completely collapse, which also has a great benefit for Huaxia's enterprise development.

And hopefully Huaxia will come up with a lot of money to support their US bailout. After all, Huaxia also has a lot of foreign exchange investment in the US. Especially Huaxia still holds a very large amount of dollars. The US economy has been severely hit, and Huaxia has also suffered a great loss.

There's a lot of money coming out of island countries, the European Union, etc., just because their economies are also very relevant to the US.

The US kidnapping ~ kidnapping strategy of the world can be understood simply as they make themselves a listed company, and all other countries are shareholders in the stock.

When the company loses money, the big shareholders don't have the money to continue investing, so if the small shareholders don't invest money, the company loses more, and even risks bankruptcy. Although the biggest shareholder loses the most, the smaller shareholder loses a lot.

If you have money, then the company can still make a profit. Your small shareholder should take the money to save the company.

Like the top shareholders in the EU and the island countries, they had to take out the money and save the company, otherwise the previous investment would have drifted.

On the Huaxia side, otherwise, it was an excuse to spend too much money on the Olympic Games, just a little bit of symbolic input, and then say there's no money.

Anyway, you rice countries still have to take out the money, the EU and island countries will not stop, even if Huaxia doesn't pay the money, it won't lose a lot, but it can also take the opportunity to swallow some markets or something.

If Huaxia wants to get rid of this kidnapping ~ of the US, she can't just follow the requirements of the US, otherwise it will never get rid of it.

Although investment in Huaxia will certainly decrease in the future, Huaxia is not worried.

Feng Yu followed suit and analyzed that Huaxia is a market that the businessmen want to enter and occupy. High population density, fast growth in consumption capacity, who doesn't want to come here to make money?

Don't say that the US definitely can't restrict those companies from investing in Huaxia, even if it's completely restricted? The US chooses to hurt each other, and funds from other countries in Europe and Asia will definitely swarm in.

Together with Huaxia, we can take advantage of the opportunity to stimulate domestic demand and develop alternative industries. The losses in the US are definitely much greater than those in Huaxia. The US economy has been severely affected at this time, and they will never dare to really play with Huaxia to hurt each other.

Feng Yu analyzed the situation in a business-oriented manner, and of course these were based on the huge amount of information gathered by the team, which led to the conclusion.

Huaxia was so confident that they discovered that the U.S., which they had always envied, was nothing more than that. It turns out that the prosperity of the United States is also accompanied by tremendous risks.

Their floors are high, but the underlying foundations are already full of sores. Fortunately, they have already begun to lay out slowly and withdraw their investment in the US, otherwise they would have had to help pay for the US mistakes.

Originally Huaxia used to invest in the Olympic Games, but the Olympic sponsorship costs have just been announced, Boo Ten, combined with your Huaxia Olympic Games received such huge sponsorship costs, which means there is no money?

If you're not stupid enough to know, you're definitely making money hosting this Olympic Games in Warsaw. And you put the construction of urban transport into the Olympics. Where does that come from?

Normally, venues and Olympic villages are the only ones that count. Without the Olympics, wouldn't you be building roads?

But another excuse Huaxia found at this time was that Huaxia was pursuing a universal social security policy at this time. The money was spent and there was really no money left.

We haven't sold your U.S. Treasury bills yet. That's good enough!

Feng Yu and Boo Ten started to move when they were busy.

……