The rise of a great power: starting with military industry

The cold wave from Siberia swept across the country, and the entire country was completely frozen as if it was cast by a spell by the Snow Queen!

Large-scale ice and snow is a huge disaster.

This is indeed the case. Just after New Year's Day, a cold wave swept across the country. First, flights to several major cities in the north were cancelled. Then, roads, railways, power grids, and water supplies in the southern region were all hit, and it soon developed into a freezing natural disaster.

Originally, it was thought that it would be fine after a day or two, but the relevant departments soon realized that this was a rare ice and snow disaster in many years, and they quickly launched an emergency response to the once-in-a-century ice and snow disaster and began snow prevention and disaster relief.

Xingcheng Airport in Hunan Province suffered a once-in-a-century freezing disaster due to a sudden cold wave. Not only was a large area of ​​the airport ground frozen, but more seriously, the power grid supplying the airport was partially interrupted due to the freezing, resulting in the tower, ground handling and other supporting facilities being unable to function normally, and flights were canceled on a large scale.

This also resulted in two to three thousand passengers being stranded at the airport.

This detention is a detention in the true sense.

Because the airport highway leading to the city was closed due to a freezing disaster, the two or three thousand passengers had no way to go back and could only huddle in the airport waiting hall, relying on hot water bottles that the airport had temporarily put together to keep warm.

It’s okay for adults, but some elderly people and children suffer.

After all, the airport was unable to provide heating due to the power outage, and the winter in Hunan Province is already damp and cold, coupled with the cold wave, so that many elderly people and children caught colds, and even many children had frostbite on their hands.

After the supercomputer simulation came out, the national emergency mechanism was activated.

The National Snow and Disaster Relief Headquarters was established as soon as possible, and a nationwide snow and disaster relief command organization was built up as soon as possible, forming a five-level command structure at the national, provincial, municipal, county and town levels to mobilize the entire society to carry out snow and disaster relief with the greatest force.

The local garrison participated in the snow relief operations at the first opportunity.

Airports, highways, national roads, provincial roads, and railways are all shoveling snow at all costs. On snowy days, soldiers in cotton-padded clothes can be seen driving snowplows to shovel snow on land, spreading snow-melting salt with their vehicles, and clearing the snow caused by heavy snow.

Maintenance workers maintained the damaged power grid and communication networks in the heavy snow to ensure the safety of power and information supply.

The army dispatched a large number of helicopters to participate in disaster relief, help evacuate the affected people, and deliver relief supplies.

In some areas where communications have been disrupted, drones have been used to form an aerial Internet network, which, together with communication satellites, has formed a regional communication network.

In just over forty days, China launched a vigorous anti-snow disaster relief operation, demonstrating strong social organization capabilities, strong military-civilian integration capabilities, as well as the ability to mobilize and mobilize the army, and advanced military equipment!
The whole world is paying attention to China's efforts to combat snow and disaster relief. The more they learn about it, the more stunned they are.

Because of this snow relief operation, only China in the world can do it.

Especially for some countries with ulterior motives, the deterrent power is even greater than strategic nuclear missiles, strategic nuclear submarines, and strategic bombers.

Across the ocean, the United States.

Once a beacon of humanity, the most powerful and most developed capitalist country in the world.

Since the subprime mortgage crisis broke out last year, the United States has had a hard time.

Even though the US government and the Federal Reserve continued to rescue the market, injected a large amount of funds into financial institutions, and even broke promises and agreements, and launched quantitative easing despite opposition from the whole world, intending to pass the crisis on to the whole world, making the whole world bear the cost of the American subprime mortgage crisis. However, the rescue measures were not as good as Americans expected.

The US dollar has depreciated, but the prices of imported goods have increased instead of decreased.

Inflation happened!

What’s even worse is that the US government and the Federal Reserve have always wanted to delay the outbreak of the financial crisis. After all, the United States is a financial capitalist country, and as long as a financial crisis does not break out, it can bear it.

However, as international crude oil and natural gas prices exploded, many American companies suffered heavy losses, which they could no longer delay or cover up.

A financial crisis broke out in the United States!
The financial crisis first broke out in the United States and then spread to North America, Europe, Japan, South Korea, South America and Australia.

In less than a month, the US financial crisis affected the entire world.

While China is carrying out snowstorm relief work, Europe, the United States and other countries are carrying out market rescue operations in an attempt to save the financial sector.

However, as Lehman Brothers finally gave up and announced that it would file for bankruptcy protection, everything was beyond redemption and the financial crisis could no longer be prevented.

Since its founding in 1850, Lehman Brothers has built a good reputation around the world for creating innovative products, exploring the latest financing methods, and providing the best quality services. It is a global diversified investment bank. It was named the best investment bank in 2000 by Business Week, and its overall research strength ranked first in Institutional Investor. It was awarded the best investment bank in 2002 by International Financing Review.

Lehman Brothers suffered heavy losses as the subprime mortgage market crisis intensified!

The company previously had assets of $6390 billion, including $1105 billion in senior unsecured notes, $1260 billion in subordinated unsecured notes and $50 billion in junior notes. After the US subprime mortgage crisis broke out in 2007, Lehman Brothers' assets shrank significantly due to its large holdings of mortgage securities, and the company's stock price fell again and again after the subprime mortgage crisis.

In order to turn the tide, Lehman Brothers made a desperate move and invested heavily in international energy, going long on international crude oil and international natural gas with a leverage of 50 times. As a result, under the two fires of Liu Tao, their positions were directly liquidated, with huge losses, and they were unable to recover.

Faced with huge losses and huge debts, Lehman Brothers not only caused heavy losses to investors, but also became insolvent itself. In order to stop the losses, it had to admit defeat and announced that it would apply for bankruptcy protection.

This is undoubtedly a severe blow to global finance, directly making the rescue efforts of European and American central banks come to naught.

If a large investment bank like this goes bankrupt, the impact will be extremely terrifying.

The financial market and the stock market ultimately come down to confidence. If there is confidence, everything will be fine. If there is no confidence, market panic will occur and the original stocks will become a piece of waste paper.

Lehman Brothers declared bankruptcy and collapsed, creating the largest bankruptcy case in U.S. history. This not only caused more than 1.2 Lehman Brothers employees to lose their jobs, but also caused a series of rescue measures previously taken by the U.S. government and the Federal Reserve to become ineffective, and the rescue funds invested were wiped out. The bank had to face even more serious consequences.

North America, Europe and other regions that are closely linked to the U.S. economy were all affected, stock markets fell further, and financial markets became increasingly turbulent.

From the US subprime mortgage crisis to the US financial crisis, to the world financial crisis and even to what can be called the world economic crisis, the evolution of the crisis is so amazing and the destructive power is so shocking.

This reminds the whole world of the Great Depression in the United States in 1929! (End of this chapter)