Rebirth of a technological power - Chapter 231 Winter is coming

Silicon Valley Bank announced that it would sell off US$21 billion in salable assets, resulting in a loss of approximately US$1.8 billion, while refinancing US$2.25 billion.

This announcement immediately aroused great concern in the market.

Just one day later, Silicon Valley Bank’s stock price plummeted by more than 60%, causing a serious run on deposits.

Then another day, Silicon Valley Bank declared bankruptcy and was taken over by the Federal Deposit Insurance Corporation.

This series of reactions shocked the outside world.

Before I knew it, the 16th largest bank in the United States went bankrupt.

“Pfft~ The 16th largest bank in the United States is just a small bank?” Cai Jin felt a little weird.

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Many people on the Internet have the same voice, that is, Silicon Valley Bank is just a small bank, which is not surprising, and it is not a big bank such as Citibank or Morgan Bank.

Cai Jin was speechless.

Silicon Valley Bank, the 16th largest bank in the United States with total assets of US$209 billion, is actually just a small bank.

I don’t know if this kind of joke is funny or not.

If it was just a small bank, how could the other side take joint action and announce that it would provide US$25 billion in emergency loan support to underpin the deposits of Silicon Valley Bank depositors.

Look again, Boss Pan, Boss Wang and others are said to have lost all their deposits in Silicon Valley Bank.

Cai Jin shook his head. To be honest, Cai Jin didn’t care because he didn’t save a dime overseas.

He already had a premonition that this was not the end, but just the beginning.

What a changeable autumn!

Sure enough, as Cai Jin expected, in just a few days, Signature Bank, the 19th largest bank in the United States, also went bankrupt. At the end of last year, Signature Bank’s assets reached US$110.36 billion, and depositors’ deposits were US$88.59 billion.

Unlike Silicon Valley Bank, which is headquartered in Silicon Valley, Signature Bank is headquartered in New York, and its main business is to provide financial services to small and medium-sized enterprises and high-income people.

This also became the second bank with hundreds of billions of dollars in deposits to fail in the United States after the collapse of Silicon Valley Bank.

A small and medium-sized bank was hit by thunderstorms one after another.

Before everyone could react, Credit Suisse was also shocked!

You know, compared to Silicon Valley Bank and Signature Bank, Credit Suisse is much larger and much more famous.

Credit Suisse is one of the 30 global systemically important banks designated by global banking regulators, and is regarded as a financial institution that is ‘too big to fail’!

This was like a signal, giving the market a heavy blow.

It is obviously a warm spring, but I feel cold in spring.

This kind of coldness is not obvious in China, but it is quite obvious overseas.

The banking crisis in Europe and the United States was detonated, announcing the entry of a cold winter.

No one expected that this time the cold winter would come in this way.

It’s really almost satisfying, with the regularity of a ten-year cycle!

Previously, everyone thought that this year would be a year of strong recovery for the global economy.

But on the contrary, this year is a cold winter.

How to spend the winter has become a widely discussed topic in the entire society.

Before, everyone was still envious of the booming export trade, making money no matter what. But now, many export trade orders have simply disappeared.

Cai Jin shook his head, he was really caught off guard!

The budget for fiscal year 2024, which has been debated for so long, has not yet been announced, and the struggle between the two sides has become increasingly open and intense.

On the battlefield, the fighting not only did not stop, but became fierce.

All kinds of ammunition tilted, and even set a daily record.

For a moment, he couldn’t understand the world.

Fortunately, China’s pace is not chaotic and it is moving forward firmly and forcefully.

The ‘Chang’e 2’ space shuttle has once again carried out manned landing on the moon.

This is China’s fourth manned lunar landing. In addition to the five astronauts in the cockpit, there are also five scientific researchers who set off to the moon.

Cai Jin once again clearly received the order for two space shuttles.

He did not understand that in the past, CNSA had made it clear that the subsequent space shuttles would be manufactured by AVIC to improve the manufacturing level of the aerospace industry.

Why now, he changed his mind and placed an order for him instead.

But after thinking about it carefully, Cai Jin somewhat understood.

Domestic large aircraft, aerospace fighters, J-20 fighter jets, H-20 strategic bombers, and Y-20 strategic transport aircraft have already made aerospace busy.

Even the satellite manufacturing capabilities cannot keep up.

It is estimated that China’s aerospace and aviation fields will no longer have the ability to develop space shuttles.

If it is left to AVIC to manufacture, I am afraid that we will not be able to get a space shuttle in the short term.

After Cai Jin received the order, he began to arrange the construction.

Anyway, the space shuttle is still very profitable for him.

He is also happy to build the space shuttle and see China’s aerospace industry create new space records and achieve milestones one after another.

Cai Jindu predicts that in a few years, it will be difficult for manned moon landings to attract everyone’s attention.

After all, there are about a dozen manned moon landings every year. After a year or two of this kind of news, everyone becomes numb and no longer interested.

Just like at the beginning, the Y-20 strategic transport aircraft transported supplies abroad, which was sensational news around the world. Looking at it now, it is not even on the hot search list, and there is no attention at all.

After all, sometimes 10 Y-20 strategic transport aircraft appear to perform missions together.

Everyone was indifferent.

Maybe in three to five years, only manned landing on Mars will attract everyone’s attention and interest.

Now the world’s attention is no longer on space.

Although, last year’s hot words in the world, space supremacy was definitely among the top three.

All countries are concerned about space supremacy.

This is your future ticket to the stars.

Whoever masters space supremacy first will be equivalent to mastering the ticket to and from the interstellar space in the future.

Now everyone knows in wars that priority must be given to obtaining air superiority. As long as we have air superiority, we can use air superiority to suppress the ground troops without any chance of coming back.

The same goes for future wars.

Whoever achieves space supremacy has basically no power to fight back on the ground and can only live in fear.

As long as you gain space supremacy, if others want to go to space in the future, it will all depend on your face.

Therefore, in the past, one country after another proposed ambitious space plans, and each one called for manned landings on the moon and Mars.

But now, suddenly, the cold winter has arrived. Life is difficult for everyone, and there is no money left to develop aerospace.

In the cold winter, the most important thing is to get through the cold winter first and survive in the cold winter.

Only by surviving can we talk about development and imagine space.

Otherwise, you won’t have enough food and clothing, and you won’t be able to think of anything in space.

Upper decision decided by the economic background.

This sentence is quite reasonable.

Look at NASA’s $500 billion budget proposal. No matter how much momentum it builds, it has not been passed yet.