I lost my vegetative state, and I became the richest man in the world

Chapter 720 Country M harvests Latin America!
Yang Ming has been paying attention to Xiangjiang Real Estate, the stock market and other situations.

In addition, he is still paying attention to one thing.

At the beginning of last year, Yang Ming knew in advance about the Falklands War that broke out between Country Y and Argentina this year.

Of course, when Keira was active in country Y, she also knew the news in advance.

At first, the two countries were still negotiating.

When it entered April 1982, 4, it officially broke out.

At this time, Argentina was facing many problems, including internal economic problems, and this war was also to ease internal conflicts.

Because the Falklands are relatively close to Argentina, the attack is very fast, and country Y is far away from the Falklands.

When many countries in the world thought that Argentina would surely win, country Y quickly counterattacked. Through aircraft carriers, air battles, and naval battles, it not only sank many Argentine warships, leaving Argentina powerless to fight back. .

On June 6, the Y Army recaptured South Georgia and the South Sandwich Islands and accepted the surrender of the local Argentine army; the Falklands War officially ceased fire.

The impact of the Falklands War is still great.

In addition to crushing Argentina's confidence, it also strengthened Mrs. Sacher's authority, which played a very important role in her winning the next general election.

Yang Ming is in Xiangjiang, he has been paying attention to it, and Xiangjiang's news media is reporting and analyzing it every day.

Yang Ming knew that this actually had a great impact on Xiangjiang.It even has a lot to do with Mrs. Sacher's next trip to Yanjing.

Even so, it still can't stop Xiangjiang Properties from continuing to fall.

On the contrary, Hong Kong's stock market went back and forth, and there was no sharp drop. The Hong Kong dollar still depreciated, but it was not so obvious.

At this time, in the office of the chairman of the Imperial Group.

Both Lin Xiuzhi and He Chaojue were there.

"Boss, why did Argentina lose like that in the Falklands War?" He Chaojue asked.

Originally, in terms of geographical advantages, Argentina should have won this war.

But, in fact, it's the opposite.

It's not that country Y is still that strong.

In fact, Country Y has long since declined.

However, even a rotten boat still has three catties of nails.

Country Y has long been in decline, but its strength is still there. Argentina has deep conflicts. The outbreak of such incidents at that time was mainly to divert domestic conflicts.

"There are internal problems in Argentina, and Argentina is already very poor and cannot afford it at all."

In the final analysis, war still costs money.

Yang Ming knew that this had a lot to do with one thing.

Latin American sovereign debt crisis.

Under the lure of low interest rate funds, Latin American countries such as Argentina, Brazil, Mexico, and Miru have borrowed a large amount of debt denominated in hard currency; however, as interest rates rise, capital flows reverse, and developing countries Currencies are under pressure to depreciate and debt ratios in Latin America have risen to unsustainable levels.

On August 1982, 8, Mexico had to announce the closure of all foreign exchange markets indefinitely, suspend the repayment of foreign debts, and put All foreign exchange deposits in domestic financial institutions are converted into domestic currency.

Mexico song's private consortium also took the opportunity to announce the postponement of debt repayment.

After Mexico, countries such as Brazil, Venezuela, Argentina, Miru, and Chile have also encountered debt repayment difficulties, and have announced the termination or postponement of foreign debt repayments.

By the end of 1986, the total debt of developing countries in Latin America soared to 10350 billion US dollars, and the debt was highly concentrated, and the proportion of short-term loans and floating rate loans was too large. Latin American countries such as Brazil and Argentina had the heaviest external debt burden.

Nearly 40 developing countries have requested debt rescheduling.

However, in the 60s and 70s, these countries developed by borrowing a lot of money from banks such as countries M.

Latin America was developing rapidly at that time.

Especially in the 60s, many people may not have thought that the per capita income of Argentina was higher than that of Xiangjiang, and it was also richer than Xiangjiang.

After the 80s, in 1981 the M Fed raised interest rates to 20%, leading to a recession.A year later, Mexico announced that its reserves were exhausted and it would not be able to pay interest on its $800 billion foreign debt.

The Federal Reserve Bank of M raised the interest rate, and those banks in country M began to ask Latin American countries to repay their loans in advance. A large amount of US dollars, funds were withdrawn from the countries that were pulling them, and returned to country M.

It also led to the debt crisis of major Latin American countries.

Under such circumstances, in order to avoid bankruptcy, Latin America can only turn to Europe and the United States for help.

Country M, Dongyang, Europe and other countries just took advantage of this opportunity to harvest a large number of high-quality assets in Latin America. Since then, many major companies in Latin America have become companies or joint ventures of Europe, America and Dongyang.

This is also a harvest of country M for Latin America.

As for the outbreak of the Falklands war between Argentina and Country Y, on the one hand, it was to take back the Falklands, and on the other hand, it was to divert domestic conflicts.

However, money is needed before and after the war.

At that time, due to the debt problem within Argentina, it was impossible to support this war for a long time, which meant that Argentina was doomed to lose from the beginning.

Now Lin Xiuzhi and He Chaojue were very surprised after hearing this.

There is such a thing behind this.

Yang Ming knows that Latin America is the back garden of Country M.

How could country M allow Latin America to develop?

In addition, country M has long been interested in high-quality companies and resources in Latin America.

Like Mexico's Bank, Bash's Vale.

Among them, Brazil's Vale is the world's largest iron ore company, and its iron ore production accounts for 80% of Brazil's total output.Bassi Vale is the world's largest iron ore producer and exporter and the largest mining company in the American continent. It is known as Bassi's "jewel in the crown" and "the engine of the Amazon region".

Historically, Country M and Toyo took advantage of this opportunity to take a stake in Vale and become the major shareholder of Vale.

Yang Ming thinks so.

There are too many debts in Latin America and a large number of high-quality companies, of course he can't afford it.

Like those high-quality companies, he can still eat some of them.

Including companies such as Vale.

When Yang Ming paid attention to the Falklands battle, he also noticed this aspect.

this time.

As Yang Ming's intern secretary, He Chaofei not only followed Yang Ming's requirements, but also studied with Yang Ming, and she really learned a lot.

This made He Chaofei feel that it would be better to study with Sir Yang if he returned to study at Santa Clara University in Silicon Valley.

However, Yang Ming felt that it would be better for He Chaojuan to go back to university.

After all, going to college is also a wonderful experience in life.

"Sir Yang, I have ten days to go back to school."

The summer vacation begins in May, and school starts in July.

The summer vacation of universities in country M is somewhat different from those in China.

Now, He Chaojuan has been back for more than two months. She likes staying by Yang Ming's side very much, and she knows that she will go back to college when the time comes.

　Chapter 5!

　　Please subscribe! !

　　
　
(End of this chapter)