Although Yang Xing's revenge plan sounds a bit tortuous, this indirect method is still effective, because his questioning on credit ratings, gold valuation and subprime securities in the Western economic system is not nonsense, but reasonable and well-founded, forcing mainstream Western economists to stand up and refute. Through live broadcasts on the Internet and TV networks, Yang Xing constantly used easy-to-understand words to explain and promote his views to many viewers who do not understand profound economic terms, gradually making many people accept that the current international economic system has had great problems and a global crisis is imminent.

The so-called "Lie will become the truth after repeated a thousand times." Moreover, Yang Xing is not lying, but just guiding the eruption of the financial volcano that should have accumulated three years later. The seeds of the US subprime mortgage crisis were sown as early as 2000 when the Internet bubble burst. Now everyone is just standing on the thick ice and enjoying themselves, but they don't know that the ice layer under their feet has cracked, and one day it will make everyone above sink.

Just after the controversial conversation between Yang Xing, Roubini and Krugman was broadcast, which not only won Yahuang Channel a good premiere rating, but also became a hot topic in the world. WikiLeaks website, which was regarded as a thorn in the eyes of the Americans, made a sensational decision again.

That is, Assange publicly stated that his website was just to expose the political shady and had no intention of being enemies with governments. In order to show sincerity and ease relations with the United States and other Western countries, he wanted to hand over a CD with many American wealthy accounts and records in Swiss banks to the IRS. He also announced that in addition to the Americans, he also had evidence of European wealthy people opening accounts and evasion in Switzerland for taxes. These countries are welcome to send people to discuss how to obtain these data.

After he did this, the global financial market was suddenly turbulent. The outside world estimated that the tax evasion amount of Assange's account involved in the rich man's account was as high as hundreds of billions of dollars. When the news came out, governments of various countries did not care about the fake gold news he released and the many insider scandals about the Afghan War and the Iraq War. Germany, France and other countries responded immediately and were willing to acquire the information that Assange had at a high price. If necessary, they might also forgive him for the crime of stealing state secrets.

After learning the news, ordinary people were very angry. In addition to accusing Assange of deviating from the founding purpose of WikiLeaks, they should expose the political shady for free. But now in order to save themselves, they use this method to make peace with various governments, and they vent their anger on financial regulators in various countries, believing that the current financial system is completely the basis of "robbing the poor and helping the rich". The middle class and civilians need to pay taxes as required to bear the high welfare of Western society, while those millionaires try every means to evade taxes. These accounts that exist in Swiss banks are the best evidence.

After World War II, Western countries learned the lessons that led to the fuse of the two world wars and attached great importance to the gap between the rich and the poor in society. Except for the United States, most Western countries adopted policies of high taxes and high welfare, and took care of the middle and lower classes of society. A differentiated tax system that charges more tax burdens for high-income people should be "suppressing the wealth and saving the poor." However, people often say that "being rich is not kind." Many rich people do not like to pay their own money to help others, but always want to use other methods to escape taxation, so many tax havens in the world emerged.

The most famous of these is Switzerland. Switzerland's bank confidentiality system has existed for more than 70 years and is called "the treasure of the country". According to the Swiss Bank Secrecy Act, once bank employees are found to leak customer information, they will face fines and prisons. It is this system that strictly protects customers, which has made Swiss banks win the trust of customers around the world. It makes Switzerland, a mountain country with poor resources, the country that absorbs the most offshore wealth in the world. As an important financial and financial management market, Switzerland currently accounts for about one-third of the world's bank deposits!

However, the "treasure of the country" has also caused a lot of trouble for Switzerland. Switzerland has been accused by the United States, Britain and other countries as a "tax haven" because many foreign wealthy people can hide their property by depositing money in Switzerland to achieve the goal of avoiding paying taxes in their own country. The United States, France, Germany and Italy have been calling on Swiss banks to provide information on customer information suspected of tax evasion. It has been blocked by the Swiss government.

According to the information provided by WikiLeaks, wealthy people from the United States, Britain, France and other countries have deposits of hundreds of billions of dollars in secret accounts of Swiss banks. The tax evasion is as high as tens of billions of dollars. If you follow the map, many people are not only responsible for paying taxes and paying high fines, but also face the danger of being imprisoned. In order to protect themselves, many wealthy people showed their magical powers and put pressure on governments in various countries to make the matter a small matter. However, in today's era of online media, before the usual methods were used, it was rumored on the Internet. In addition, Yang Xing was inspired to fuel the fire, so public opinion in these countries quickly fermented, and the angry people demanded a thorough investigation of the matter, and no one could stop it.

Coupled with the scandal of Swiss banks' tax evasion, all kinds of negative news gathered in a short period of time. Even Western countries have many questions about the Western economic system, which was once sung by hymns. The crisis of confidence began to spread, which will undoubtedly have a huge impact on the entire market.

Now the calls for strict investigations of the three major credit rating institutions, gold market, financial derivatives and various asset securities are increasing. At this time, Yang Xing's media deliberately announced the annual salary of presidents of many major Western financial institutions. Everyone saw that it was amazing. The highest president can make hundreds of millions of dollars a year. On the other hand, his income has undoubtedly added fuel to the public's emotions. There has been a movement called "Occupy Wall Street" in the United States, and the fingers are directly targeted at major financial institutions.

Western countries have always regarded themselves as democracy and cannot openly ignore the public's voices. Therefore, various supervisory institutions have rarely taken action and began to carefully inspect financial institutions. Financial derivatives, mainly subprime mortgages, are almost nothing to make a fuss, and they can't stand the strict investigation. Therefore, after the Madoff scandal, it became a nightmare for the entire Western financial community in the second half of 2005. The scandals have made bankers and fund managers in a hurry and tired of dealing with it.

At this time, Yang Xing finally decided to take another big killer move. After repeated negotiations, in September 2005, Starry Sky Human Resources discussed with credit rating agencies in the United States, Russia, India and other countries, and agreed to jointly establish a rating agency called "Balance". This institution made extraordinary moves as soon as it appeared. First, it made a big comment on the credit of many well-known Western companies and countries. The conclusions drawn by the three major credit rating agencies are very different. The prospects of many financial institutions are bleak, and even many Western countries that are regarded as top credit ratings have low evaluations. Among them, the practice of lowering the credit ratings of the United States and the imminent debt crisis in European countries adds a sense of undercurrent to the already restless market.

The three traditional credit rating agencies are run by Americans. Of course, they will not give the United States and its allies too low. They have always given a 3a rating, which allows them to issue bonds with the lowest interest rate and borrow a lot of funds. However, Balance Firm proposed that Americans have recently provoked many wars overseas, and the fiscal deficit has risen to astronomical figures compared to the surplus in the Clinton era. They are about to break through the highest borrowing amount limited by the US Congress. How can they still maintain a 3a rating?

Compared with the United States, the bigger problem lies in Europe. After World War II, Europe implemented high welfare and high tax policies, which is also the fundamental reason why countries were facing great enemies after WikiLeaks revealed the scandal of rich people hiding in Swiss bank accounts to evade taxes. However, this also brought heavy debt burdens. Many European countries implemented welfare systems from cradles to graves. Although it made outsiders envious, it also created a group of lazy people who would rather eat state relief than work. In recent years, the Fed's excessively low interest rates have caused market liquidity to flood, and a large amount of funds flowed into Western countries. European countries found that borrowing "Yin Ci Mao Food" was good, and they could live happily while lying down, so a specially referred to as "European Pig" country was born.

The report on the Balance Affairs criticized the "European Pig Four" and Ireland and Iceland, which are regarded as the "new economy representative" of Europe, pointing out that they are already standing on the edge of a cliff and are not aware of it. The "European Pig Four" is a derogatory term for international bond analysts, scholars and international economic media to the four countries with the lowest credit ratings of Europe. This title covers the four countries of Portugal, Italy, Greece, and Spain. The first letter happens to mean the English pig "pigs".

Since the early 1990s, people have called them "pigs". These four countries are all southern European countries close to the Mediterranean. They have a long history. Ancient Greek and Roman civilizations have always influenced the world today. Spain and Portugal are also pioneers of the Age of Discovery. Unfortunately, after entering the modern industrialization era, the four countries were obviously at a disadvantage. Although these four countries have a superior geographical location and are scattered with scenic spots in China, they are a must-see for tourists from all over the world to travel to Europe and are the first countries to join the EU, but when the outside world comments on their economic level, they shook their heads.

The people of these four countries live a prosperous and comfortable life, are lazy and leisurely, have a high quality of life, and have a small gap between the rich and the poor. They have long received aid from relatively developed countries such as France and Germany in the north. They are famous for the EU. In addition to tourism and related services, the four countries have a single industrial economic structure. After joining the EU, traditional shipbuilding, automobile and other industries have gradually declined, while emerging industries are almost blank. Therefore, the government budgets of the four countries are stretched under the rising public expenditure and welfare subsidies every year, so they have to use the method of breaking down the east wall to make up for the west wall to solve the debt, so they have to deal with it, so the public debt is high, and the GDP growth cannot match the debt growth. The amplitude...)
Chapter completed!