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Xia Yu slowly said: “Sir Carter, you should know that in the second half of the 70s, due to the changes in the world economy, the international banking business has undergone new developments. Therefore, since a few years ago, banks from various countries have been fighting for opportunities. Begin to switch to an international strategy.”

Duke Carter Howard slightly nodded expressed his approval, this is the truth.

It is precisely because of this change that Lloyd’s Bank has made strategic adjustments and turned its attention from the United Kingdom to the international market, hoping to use the money of the local tyrants in the Middle East to rapidly grow Lloyd’s Bank.

It can be said that 4 years ago, Lloyds Bank was basically active in the United Kingdom. United Kingdom’s business accounted for 100/90 of Lloyds Bank’s business, and the remaining 10% was basically Commonwealth of Nations such as Canada and Australia. With the contribution of the member countries’ markets, there is almost no business in Asia, Latin America, and Africa.

Xia Yu continued: “Lloyds Bank’s entry into the international market is not wrong, because with the integration of the global economy, it will be difficult for Lloyd’s Bank to enter the global big bank camp by relying solely on the domestic business of the United Kingdom. Far behind.”

“But the crux of the problem is that due to strategic mistakes, Lloyds Bank didn’t touch knowing the situation and it expanded arbitrarily, only to compete for the market, but it relaxed risk control. Now Lloyds Bank has laid a lot of money. Bomb, according to the current international economic situation, at most one and a half years, the bomb of Lloyds Bank will explode.”

“There are two bombs, namely loans to Latin American countries and loans in the field of commercial real estate.”

Duke Carter Howard, with eyes narrowed, browses tightly knit, looked at Xia Yu seriously and asked: “Xia Yu, are you sure? Give me a reason!”

Xia Yu questioned that Lloyd’s strategy was wrong. Duke Carter Howard did not immediately refute it because he knew Xia Yu’s strength in the financial sector. He did not care whether he was right or wrong, but he was absolutely qualified to say this.

He also knows that Lloyd’s Bank has indeed made great strides in recent years, and relying on the influence of United Kingdom and every great family on the United States, Lloyd’s Bank has taken many shortcuts. With less business, Lloyds Bank’s total loan business in Latin America ranks second, second only to Barclays Bank.

As for commercial real estate loans, Lloyds Bank’s lending facilities are relatively large and loose due to physical mortgages. Commercial real estate loans are now an important business of Lloyds Bank.

It can be said that these two businesses were developed after strategic adjustments. The growth rate is the most obvious. They are the two pillar businesses of Lloyds Bank and are very important.

But because it was too important, he had to pay more attention to Xia Yu’s words.

Xia Yu nodded heavily and said with certainty: “Of course, this is the result of my research and my think tank. I judge that the United States family has already walked on the edge of the cliff without knowing it, and sovereignty is destined to happen. Debt crisis!”

“Sovereign debt crisis!”

After the word came out of Xia Yu’s mouth, Duke Carter Howard’s expression instantly became solemn, and he asked: “How do you judge it?”

Sovereign debt crisis is not a joke. If when the time comes, one would count as one, and all the banks involved would have bad luck.

What is sovereign debt?

It refers to the debt that a country borrows from the International Monetary Fund, World Bank, or other countries and banks with its own sovereignty as a guarantee.

The reason why Latin America’s sovereign debt attracts so many financial institutions is that all financial institutions believe that Latin America’s sovereignty and credibility are sufficient, and lending them to them will not lose.

Just like United States Citibank’s Board-Chairman Reston once said: “The country will never go bankrupt!”

This sentence is regarded as a standard by major banks and financial institutions.

In this respect, it is similar to the later generation buying United States treasury bonds, believing that United States will never go bankrupt.

There is another reason why major bank loans are given to the United States. It is because the major banks have too much money and have to find a place to spend it. Latin America’s sovereign debt seems to be the most stable.

Because of the sharp increase in oil prices from 1973 to 1974, the incomes of oil exporting countries soared. These countries deposited huge amounts of oil income in Europe’s major banks, and Europe and United States fell into an economic quagmire. Money cannot solve it. The major banks invest their money in developing countries to make money.

In other words, if a sovereign debt crisis occurs, then the country’s credibility will go bankrupt, which will cause the country’s financial system to collapse, and even affect the international financial system. Lloyds Bank, which is in the international financial system, will naturally not run away. Drop.

Not to mention that Lloyds Bank also lends very hard.

Seeing that Sir Carter Howard took it seriously, Xia Yu paused slowly said: “Sir Carter, we have compiled some statistics from the United States. Let me tell you first.”

“In 1971, Mexico’s debt was only 5,000,000,000 USD, but by this year, Mexico’s debt has risen to 700-1 billion USD.”

“But last year, Mexico’s GDP was only 1100 2 billion USD, which means that the debt balance accounted for 60% of Mexico’s GDP 3 points 4!”

“Mexico’s economic growth rate last year was only 100/8 per 3, which is much lower than the growth rate of debt.”

“According to this trend, debt balance will account for an increasing proportion of Mexico’s GDP, and leverage will increase!”

“Mexico occupies an important position in the Latin American economic system. This is the case even in Mexico. The situation in Brazil, Peru, Argentina and other countries is similar or even more serious.”

“However, due to last year’s oil crisis, the United States’ domestic inflation was severe. The Federal Reserve began to implement a tight monetary policy and forced a large amount of funds to flow out of Latin America. This prompted changes in the debt structure of Latin American countries, and the proportion of short-term debt was rising. Mexico The proportion of short-term station services has increased by 10% in just six months. As a result, Mexico’s short-term debt repayment pressure is increasing.”

“The Fed’s monetary tightening has also strengthened the USD and forced the decline of commodity prices. The exports of countries such as Latin America are extremely dependent on commodities. This means that the export income of countries such as Latin America is getting lower and lower, and the balance of payments is becoming more and more uneven. .”

“International capital flows have reversed, and the scale of short-term debt has risen rapidly. The balance of payments of the United States is not making ends meet, and debt default is inevitable. It has not yet exploded because Latin America and other countries can still support it.”

“But as long as the Fed’s tightening monetary policy is not lifted, the situation in Latin America and other countries will become more and more serious, until the sovereign debt defaults.”

……

“Sir Carter, do you think the Fed will give up? United States is now in serious inflation. For the United States’ economic recovery, Paul Volcker will never give up tightening monetary policy before United States is out of trouble. No one can interfere. ! United States needs global blood to transport nutrients for it.”

“Regardless of the major consortiums in United States, or the Jews of United States, what we need is a strong United States to ensure their safety!”

The last sentence made Duke Carter Howard’s face more serious.

He had already listened to what Xia Yu said, and the more he thought about it, the more he made sense, and he also knew that Xia Yu was right.

The interests of United States are the interests of Jews. Jews has a pivotal power at the top level of United States. Only when United States is strong can the Jews of United States be able to use the strength of United States to ensure the safety of Israel and the safety of Jews around the world. Paul ·Walker, the German Jews, is definitely the benefits above all else of United States and Jews, and will never care about the life and death of other countries.

Xia Yu is also aware of the influence of Jews on the United States financial system, especially the Federal Reserve.

From 1951 to later generation before his rebirth, except for the one and a half years when Jews was not the chairman of the Federal Reserve from 1978 to 1979, any other chairman of the Federal Reserve was Jewish!

“Sir Carter, now major banks and financial institutions only know to lend. Just like Lloyds Bank, they have been paralyzed by the days of lying down and making money. The sooner you run, the better. If you wait for another half a year, surely There will be financial institutions looking back, and it will be difficult to get away at that time.”

Duke Carter Howard was nodded solemnly, and suddenly asked: “What you said makes sense. I will secretly arrange for people to conduct targeted research and make a decision when the time comes.”

“By the way, didn’t you say you have a proposal? What is it?”

The corner of Xia Yu’s mouth raised slightly, said with a light smile: “Isn’t Barclays still investing heavily in Latin America? I heard that Barclays has robbed Lloyd’s business in Latin America as a United The largest bank in the Kingdom, Barclays Bank is absolutely capable of taking over all the businesses of Lloyds Bank.”

“With Barclays Bank’s current actions, it is absolutely unaware of the crisis. As long as Lloyds Bank is willing to transfer its business, I believe Barclays Bank will be happy to take over.”

Hearing this, Duke Carter Howard’s eyes became deep, he took a deep look at Xia Yu, and his impression of Xia Yu changed dramatically.

I can’t see it, Xia Yu is gentle on the surface, but the scheme is very vicious, and the pharaoh’s tricks are strong, and the revenge is strong, whoever provokes him will be bad luck.

The Rothschild Family tried his best. Before showing his fangs, Xia Yu digs the Rothschild Family directly, or digs the kind of pit that will accidentally bury the Barclays Bank.

Barclays Bank is the bank with the largest loan volume in Latin America, and Lloyds Bank is the second largest in volume.

If these two belong to Barclays Bank, then no bank in United Kingdom or even Europe can match Barclays Bank.

But if there is a thunderstorm and a sovereign debt crisis occurs, then Barclays Bank will have to peel off if it is not dead, and the Rothschild Family must be seriously injured!

PS: I’m working overtime late, I didn’t finish writing until 2:1, please ask for votes!

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