Chapter 835 The first killer move

As expected by Zhongshi, although the risk of US debt ceiling default is very small, the risk aversion sentiment in the market has not subsided. After the month change, the price of the gold contract remains at a high level of 1,600 US dollars per ounce, and everyone is waiting It is the final result of the struggle between the two parties in the United States.

  Treasury Secretary Geithner has said that starting from May 16, the United States will enter a "debt issuance moratorium" until the August 2 deadline, because the US government's borrowing authority will be exhausted by then.

   Despite this, the Republican Party still has no intention of giving up the fight. The two sides have launched fierce confrontations on various platforms such as TV and Congress, hoping to throw the burden of the fiscal deficit on the other side.

  However, on the last day of July, the rating agency Standard & Poor’s suddenly stated that if the U.S. government does not reach an agreement on the debt ceiling on August 2, it will regard the U.S. government as a default and lower the U.S. government’s sovereign credit rating.

   This immediately caused an uproar.

  The important role played by the U.S. government in economic activities around the world goes without saying, basically it can be described as a locomotive. In addition, the U.S. dollar is the settlement currency around the world and plays a huge role in international trade, and the U.S. dollar interest rate is the benchmark for the pricing of interest rates and related derivatives in other countries around the world. At the same time, the financial system of the United States is the most developed and powerful in the world, which affects the pricing of most commodities in the world.

   For a long time, the sovereign credit rating of the United States has always been AAA+, the highest level, and the outlook is also stable. Because in extreme cases, the United States can still issue US dollars to repay its debts, so investors are not worried about the issue of US debt default.

   But this is only on the issue of U.S. debt. Capital markets such as the U.S. stock market, U.S. derivatives market, and interest rate market may all undergo fundamental changes due to the downgrade of credit ratings. And this change can also be transmitted to other continents through capital flows such as national trade and interest rates.

   Fortunately, this day was not a trading day, but as soon as the news spread, it immediately attracted the close attention of all parties.

  As the largest creditor, Huaxia immediately issued a statement by the central bank, claiming to pay close attention to the debt problem of the United States. At the same time, in the statement, Huaxia's central bank also called on the two parties in the United States to exercise restraint, temporarily abandon partisanship, and strive to reach an agreement on the debt ceiling with national interests and the well-being of the people as the most important goals.

  The Canadian Prime Minister followed up and said that the US government's struggle on the debt issue has affected the financial security of the region. Under such circumstances, he called on the two parties to end the dispute as soon as possible and contribute to the maintenance of regional stability and peace.

  The Bank of Japan also stood up and stated that they will pay close attention to the exchange rate changes of the US dollar and the yen, intervene in the foreign exchange market when necessary, and guide Japanese export companies to avoid risks.

Immediately afterwards, Germany, France, the United Kingdom and other countries also stood up and said that although they said different things, they all meant the same thing, that is, to keep a close watch on the US debt market and take certain measures when necessary .

   "Damn, how dare they do that?"

The White House, the president's office, the black president didn't say anything at first after seeing the news, but after the news from all over the world came back, his heart gradually became angry, and the finger pointed directly at these people. The culprit of the matter, Standard & Poor's.

   "This matter is beyond our expectations!"

Andrew Klein is also in the office. As the president's special economic advisor, he doesn't know what to say at this time except for a wry smile. This unexpected variable directly disrupted their plan, "downgrade the sovereign credit rating of the United States, They are really brave."

  For a long time, the U.S. government has used the three major rating agencies to deal with foreign governments or institutions, and it is almost invincible, but they never thought that one day this sharp weapon would actually hurt themselves.

   "Is there a way to get them to take back what they said?"

  The president's first reaction was to ask S&P to retract the relevant remarks. Although this is a cover-up, it can at least minimize the impact.

   "No way!"

  Andrew Klein shook his head helplessly, "Unless we amend the freedom of speech clause in the constitution, using the power of the government to intimidate them and possibly fulfill them to a certain extent is basically unworkable."

   "What I am worried about now is whether the other two companies may follow up at the same time. In this way, I am afraid that the pressure of public opinion will increase!"

After clearly explaining the pros and cons to the president, Andrew Klein expressed his concerns again, "If the three major rating agencies all express their views in this way, then the pressure we face will be a hundred times that of the current one. It is no exaggeration to say that if in the end If we do not reach an agreement by the deadline, the whole of the United States will be in turmoil."

"so serious?"

  The black president frowned, lay down on the sofa, and sighed for a long time. After a long while, he suddenly asked, "Andrew, who do you think did this?"

  Although he is the president of the United States, he is helpless against the current struggle between the Republican Party and the Democratic Party. Many times he wants to do things according to his wishes, but is always blocked by Congress. Just like the health care reform he wanted to do at the beginning of the campaign.

  So when he heard about it now, his first reaction was that it was another part of the party struggle.

   "It's hard to say!"

Andrew Bryan pondered for a while, and then slowly said, "The Republican party has motives, and S&P itself is also possible. After all, we can't reach an agreement on the debt ceiling, and there is a possibility of default in theory. In addition, There may be some careerists."

  Speaking of careerists, Zhong Shi's figure suddenly flashed across his mind. But the next moment he laughed dumbfounded, no matter how courageous Zhong Shi was, he would not dare to do such a thing.

   "This is putting pressure on us!"

The president closed his eyes and sighed faintly, "Not only the domestic people, but also our allies and opponents in the world are watching the development of the situation. If it is not handled well, it will become an international issue. joke."

   "The biggest suspect should be the Republican Party!"

Andrew Bryan still seriously analyzed, "Recently, one of their most popular congressmen is Mitt Romney. This guy is a PE man himself, and he is no stranger to the financial market. I personally think that it is very likely that he is behind the scenes." The purpose of making plans is for next year's general election."

   "So our countermeasures?"

Regarding Andrew's statement, the president was noncommittal, and just asked lightly, "This matter needs to be resolved. So far, they have frequently set traps for us, and they want us to take the blame. But in fact, what about the fiscal deficit? Can it be resolved in one year? Not to mention anything else, just to save the U.S. economy, the predecessor threw out an economic rescue plan of up to 750 billion U.S. dollars, which increased a very large debt."

   "Maybe we can take advantage of this!"

Andrew Bryan's eyes lit up, and he said, "We can use the media to remind the public of what the government did in this matter. At the same time, two scapegoats are thrown out to make everyone realize that the debt situation has worsened. It’s mostly because of the economic crisis, so the other side might give in.”

"Is this ok?"

  The president was startled for a moment, then straightened up, and said suspiciously, "Will they make concessions because of this?"

   "I think there is a great possibility!"

The more you think about it, the more likely it is. Andrew Bryan went on to analyze, "Although the debt ceiling has been raised frequently, but this time, the increased share is largely due to saving the financial system. In addition, our universal medical insurance system It hasn’t been implemented yet, and the expenditure in this area is not too much. As long as we make public the increase in the fiscal deficit during the past few years in power, I believe that the public’s vision will be discerning, and public opinion will definitely be reversed.”

   "Maybe!"

  The president didn't say anything more, but his eyes flickered frequently, obviously already moved.

  …

   "Isn't it too risky to do this?"

   At almost the same time, the conversation between Zhongshi and Paulson was also unfolding.

  When he heard that Standard & Poor's threatened to downgrade the US sovereign credit rating, Paulson's first reaction was that Zhongshi was playing tricks. When he asked Zhongshi, he got an answer that was as expected.

   The terrified Paulson couldn't help asking, "If we are found out, the government will definitely fight with us forever. Sir, offending the U.S. government is no joke!"

"Of course I know!"

  Zhong Shi's face darkened, and he waved his hands displeasedly, "How serious the consequences are, do you think I need you to remind me? Before doing these things, I had already thought of the worst consequences!"

   "But why are you still doing this?"

  Paulsen really wanted to roar in Zhong Shi's ear, but he didn't have the guts, so he could only ask silently in his heart.

   "Do you find it strange why I dare to do this knowing that the consequences will be serious?"

But seeing his hesitant expression, Zhong Shi guessed what he was thinking, and immediately said, "Although we know it well, the US government doesn't know, and they will think that the black hand behind the scenes is another There are people, and this is where our greatest reliance lies.”

   "Republican?"

  Thinking of the two opposing parties, Paulson's expression eased, "If we speculate based on the principle of maximizing profits, the Republican Party is indeed the most likely."

   "If the ceiling on the debt problem can be resolved smoothly, do you think we will still be in danger?"

Seeing that Paulson had a clear understanding, Zhong Shi nodded in satisfaction and continued, "Although this will cause a gap in our relationship with the government, as long as we keep within a certain limit, I think the final problem will not be very serious. Big. But I think there should be a lot of turmoil in commodity futures if they can't reach a deal."

   "So so far, it's all for gold?"

  Paulsen finally came to his senses, but he was still in a cold sweat for Zhong Shi, "In this case, isn't it too risky? It is still unknown whether they will investigate thoroughly afterwards."

   "Relax, even if they find out that we did it, they won't tear their faces at this stage. Europe still needs us!"

  Zhong Shi reassured the other party, "Also, let your traders be prepared, we may sell gold positions at any time."

  …

   At the same time, somewhere in Huaxia Yanjing, a big man was losing his temper, "Damn it, why did they transfer that person from his post without notifying me?"

  In a fit of rage, he swung his arm and swept all the things on the desk to the ground, making a crackling sound all over the floor.

   "I heard that his son-in-law was found out for accumulating money, so he used this to make a deal and moved the position!"

  His confidential secretary had a pale face and dared not speak out for a long time. After finally waiting for the other party's anger to subside a little, he spoke timidly.

   "His son-in-law?"

  The big man frowned suddenly, "What happened to his son-in-law? How could he be so careless?"

   "I heard that it was not carelessness, but offending someone!"

  The confidential secretary lowered his voice, and whispered a name into the big man's ear, "I heard that his name is Zhong Shi, a rich man from Hong Kong."

   "A bell stone? A bell stone?"

The big man shook his head, vaguely remembering that he had heard this name somewhere, but he quickly put this thought behind him, because the other party caused him to lose an important chess piece, so no matter how big the other party's background is, this surname All the bells have to pay the price!

   Thanks to book friends Flying Elf, Electromagnetist, and book friends 150202191447389 for voting monthly! Thanks to the book friends, he entered her heart and broke my heart, and gengsu for the reward! Thank you again for your support. The author continues to work hard. Although there are a lot of things recently, I will try my best to update and try not to let everyone down. I hope everyone will do their best to support~

  

  

  (end of this chapter)