Fannie and Freddie Group were taken over by the US government. When everyone thought Fannie and Freddie Group might survive the difficulties, Feng Yu had people publish a series of data in the media. ．ㄟＭ
These include the fiscal revenue and expenditure of the US government in the first half of this year, the debt amount and debt ratio of Fannie and Freddie Group, the amount of losses of major US banks, the default rate of real estate loans, etc.
Once these data were released, they immediately caused an uproar.
Ordinary people may not pay too much attention to these. They are just superficial phenomena and think that the United States is the richest country in the world, and the American government must also be the richest.
But when they ran into a government deficit, they were surprised to find that the American government had no money.
Moreover, the amount of national debt held by the U.S. government is far greater than that of other countries. It is US$1.5 trillion and has been purchased by many countries in Europe and Asia.
The interest on national debt is higher than bank interest. In other words, even if the United States has good tax revenue, it must first pay off the maturing national debt held by other countries before it can be used for the normal operation of the government.
The tax revenue of the United States cannot support this normal operation at all. They can only continue to issue national debt and operate with debt.
Although the national economy has been developing very well in recent years, when Xiao Bu Shi was in office, he started a war. The money consumed by the war is also an astronomical figure.
Not only the purchase of weapons and equipment, but also the payment of remuneration and pensions for soldiers, etc. This is a very large expense.
Infrastructure welfare cannot be stopped. Since last year, the number of unemployed people in many industries in the United States has increased significantly, which has increased the number of people receiving government benefits and increased government expenditures.
Last year and the first half of this year, in order to stabilize the market economy, we also spent a lot of money to rescue financial institutions. The current U.S. government is basically in a state of high debt ratio and unable to make ends meet.
How can such a US government save Fannie and Freddie Group
If you have money, everything will be easy. It is difficult to make ten thousand yuan quickly with ten thousand yuan, but there are many ways to make ten thousand yuan quickly if you have one million yuan.
The problem is that the American government has no money at all!
The hole in the two-bedroom apartment is simply impossible to save. Some consortiums have money, but they will never use it to fill this hole.
Generally, when a politician has no money, he actually has two options. One is to issue national debt, and the other is to get a loan from a bank. Then next year, we will find ways to increase income repayment, which may include raising tax rates, stimulating the economy, and so on.
But at this time, the U.S. national debt cannot function normally at all. With the U.S. economy like this, who is still buying U.S. national debt
Xiaobu Shi talked with Huaxia, and he found that Huaxia was the only one who could come up with a lot of cash. Unknowingly, China's economy is developing so fast, and China's state-owned enterprises are also developing very well. Their income has increased dramatically year after year. China's government must be rich.
Xiaobu Shi originally wanted to sell a large amount of national debt to China so that the United States would have money to operate normally. For this, he was willing to pay a high interest rate.
But unfortunately, this was directly rejected by China. The answer given by China is that China is also short of money now, and in order to prepare for the Olympic Games, it has also incurred a lot of national debt, and now it is time to repay it.
And because the Olympic Games allocates more money to the capital, other provinces are complaining, so China plans to increase its allocation to other provinces and invest in infrastructure, transportation, etc. It really has no money to buy U.S. treasury bonds anymore.
Although China has a lot of foreign exchange reserves, most of them have bought European government bonds and so on, and there is very little cash. If we continue to purchase large amounts of U.S. Treasury bonds, China's foreign exchange reserves will be insufficient in cash.
But now that Xiao Bu Shi has spoken, Hua Xia still has to express its attitude of friendship and mutual assistance. So what, just buy US$500 million in US Treasury bonds.
When Xiao Bu Shi heard these words, he almost died of anger!
Five hundred million U.S. dollars, can we issue national debt with such a small amount of money? No matter what, it needs to start at tens of billions of dollars.
You Chinese are not helping us, you are clearly ridiculing us! Our country, the United States, is so big and has so much money to spend, with 500 million U.S. dollars. Are you going to attack those small countries in Africa
Xiaobu Shi has not reached an agreement with China, but is also negotiating with EU island countries, South Korea, Southeast Asia and other countries. Unfortunately, these countries do not have much money now.
And because a large number of banks in the United States are short of funds, they have already provided a large amount of assistance. Where can there be more money? If it's a few hundred million dollars, they can come up with it, but if it's tens of billions of dollars, they can't even answer that.
Of course Xiao Bu Shi knew that this was also an excuse. Ten billion US dollars could be obtained by the countries and regions he sought help from. Especially the EU, a strategic alliance composed of so many countries, how can it not have 10 billion US dollars
These were obviously excuses, but there was nothing he could do about it. Why should other people’s money help the United States
Originally, the United States could still get loans from banks, but too many banks in the United States have gone bankrupt, and the remaining banks are also in a shortage of currency.
Although banks have strong assets, they don't really have much money to draw out. Most of them are loaned or invested.
The current economic situation is like this. Their cash is higher than usual to cope with possible centralized payment situations. They can't use bonds or something to pay customers, right
Banks want to lend money, and the credit rating of the U.S. government is still very high. But they really don’t have money. Small loans are fine, but even the U.S. banks cannot afford loans like tens of billions of dollars from the U.S. government.
Don’t forget that this year, banks and other financial institutions have laid off the most people, which is more than the American auto industry, which is on the verge of bankruptcy.
It can be seen that in order to save expenses, commercial banks in the United States have also used various methods. What's more, these banks still have a large number of mortgages, car loans, etc. that may be in default.
In the past, the United States encouraged financial innovation, and the United States had the most various financial derivatives. But when the economic situation deteriorates, financial institutions also suffer the greatest losses.
Their short-term transaction volume cannot solve the current predicament at all, thus causing the bankruptcy of a large number of financial institutions in the United States and affecting many financial institutions in Europe and Asia.
When everyone analyzed the data and situation, they were all shocked.
It turns out that the U.S. government, which they have always been full of confidence in, has actually reached the point where it has run out of fuel
So after the US government takes over Fannie and Freddie, will it be dragged down by Fannie and Freddie
Can Fannie and Freddie really be saved
After the market opened that day, the shares of Fannie and Freddie Group fell sharply again, with both prices falling by more than 40%!
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