1928: The Rise of Giants

October 10th, four o'clock in the morning.

Livermore was awakened by a rapid ringing of the phone. While he was still asleep, he felt angry and got up unhappy.

The maid who answered the phone and the housekeeper waiting at the door were all trembling with fear, not wanting to be the first place where the master's anger would be vented.

"Master, it's Mr. Ye who called." The butler extinguished Livermore's anger with just one sentence.

Ye Luo called so early, there must be something important.

He casually put on a coat, hurried to the phone room, and called Ye Luo back.

"Livermore, have you ever seen New York at four in the morning?"

Ye Luo's meaningless words confused Livermore.

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"My car is downstairs at your house." Ye Luoyan said concisely and in a very relaxed tone.

Shi Jianqiao and others in the car were still sleepy and couldn't figure out why the second young master had to get up so early.

After a while, Livermore hurried downstairs, saw a Ford car parked on the side of the road, and got in.

"Wen Qiang, go directly to the Bank of New York headquarters." After Ye Luo finished speaking, he looked at the confused Livermore, "I have made an appointment with the director of their financing department."

Livermore still didn't understand what Yelo was going to do, but as the car drove through the silent streets, he got a glimpse of the so-called four o'clock in the morning in New York.

Occasionally, some small tents were set up on the street. Wine bottles were scattered around, and suitcases piled high surrounded them like a city wall.

The homeless man living inside sat like an emperor, his eyes following the movement of the car lights, watching them leave.

"There are so many homeless people in New York!" Livermore was filled with emotion.

Since Hoover came to power and implemented the living standard of "one car in the garage, two chickens for dinner", the lives of the American people seem to be getting better and better, and it seems that everyone is above the level of moderate prosperity.

But the real New York is what it is now.

This is still one of the most prosperous cities in the United States. It is hard to imagine the situation in those small western cities.

"In the future, there will only be more and more homeless people like this." Ye Luo lit up a cigarette and said with a leisurely smile, "Most of these people now are homeless due to failed stock trading, but the stock market has really made them homeless. Are you the main culprit?"

"Isn't it?" Livermore asked, "If they weren't greedy and didn't want to get something for nothing, they wouldn't be in this situation."

He pitied these people, but he was not sympathetic.

Livermore, who thinks like a capitalist, only thinks that these homeless people are to blame for themselves.

Ye Luo sneered: "There are only a few thousand people here but they own most of the production results; there are about 20% of the population over there, but they only get a little bit of everything. This is the root cause of the collapse of the American economy."

"The U.S. stock market is just a fuse. Even if there are no U.S. stocks, there will be other things that ignite this problem."

Yello's words come from President Hoover's memoirs many years later.

Hoover happened to be president on the eve of the disaster, but Yello believed that he had brought it upon himself.

Because when he was Secretary of Commerce, he was only obsessed with increasing productivity, but did not pay attention to the dangers of insufficient purchasing power.

After taking office, he has been taking the lead in advocating for US stocks and shouting outrageous slogans of another four hundred years of prosperity.

If he is not unlucky, who is?

It was long after Hoover left office and left the White House that he finally came to his senses about what had happened, and wrote his memoirs in hundreds of thousands of words.

Ye Luotong has read that book and still remembers this sentence.

The truth is correct, but knowing this and continuing to go down the road of death can only be said to be that Hoover was too greedy, too greedy for power and wealth.

Livermore did not comment on this. Smart people tend to avoid topics that are not good for them.

During the conversation, the Ford car had already arrived at the gate of the Bank of New York.

After everyone got out of the car, Ye Luo asked Xu Wenqiang to go to a newly opened store nearby to buy some bread and coffee for breakfast, while he led Livermore and others straight to the newly opened door.

The Minister of Financing Department has been waiting for a long time.

"Mr. Ye, Mr. Livermore, welcome." The financing minister made an inviting gesture with a warm attitude and a smile. Several people walked around and arrived at the VIP room on the sixth floor.

It was not yet five o'clock, the lights in the bank were dim, and there were almost no employees in sight. There was a bleak silence, only the thump thump thump of their leather shoes on the ground.

Sitting on the sofa, Livermore didn't understand what Ye Luo was going to do until the financing director smiled and took out a thick contract.

——"Asset Mortgage Loan Contract"

"Mr. Ye, Mr. Livermore, please take a look. This is an appraisal contract that our colleagues in the Finance Department worked on overnight. All the assets under their names have been relatively accurately appraised."

The financing minister smiled even brighter.

Both the Federal Reserve and the White House have issued orders to relax financing standards for major banks, encourage entrepreneurs to take out loans to hedge against the stock market, and even set business indicators for each bank.

He was worried about not being able to get a loan from someone who took advantage of him to hit the stock market, when Ye Luo called.

Livermore read through the contract in detail again, feeling his heart pounding and looking at Ye Luo in disbelief.

Ye Luo responded with a confident smile.

Last night, he counted all his assets in New York, and obtained a large number of Hongmen land deeds from Situ Meitang, even Situ Feifei's dowry.

Houses, companies, cars, yachts, airplanes, valuable calligraphy and paintings, luxury goods, etc., all imaginable assets were gathered together and all mortgaged to the Bank of New York.

Mortgage loans have low interest rates and high credit limits, allowing you to get more money out of them than other loans.

Ye Luo not only put all his wealth in the United States on the gambling table, but also dragged Livermore into the water.

All the assets in their names were mortgaged, and they were able to obtain a total loan of US$5870 million!

The only regret that Ye Luo feels is that Hongxing United Group was founded too short ago and failed to be listed on the New York Stock Exchange.

Otherwise, if Hongxing is mortgaged, at least another US$1000 million can be obtained.

"If there is no problem, please sign here, and I will issue the loan to your account immediately after the bank opens." The financing minister smiled and pushed the contract and pen over, eagerly.

This $5870 million will definitely flow into the stock market, so that the performance pressure on Bank of New York will disappear.

In fact, he really wanted to get some money to speculate in stocks.

Looking at the momentum of the US stock market, it is obvious that it is about to hit the bottom, which means that it is about to bottom out and rebound.

You can definitely make a lot of money by buying U.S. stocks at the bottom right now!

The financing minister looked at the two men with envy. These were financial giants who controlled huge amounts of money. With just a few moves of their fingers, they could make huge amounts of money that ordinary people would not be able to make in hundreds of lifetimes.

"Sign. This wave of bargain-hunting on U.S. stocks might make us rich overnight." Ye Luo laughed and wrote down his name.

At this point, Livermore could only follow him into the fire pit without hesitation.

After signing the contract, the financing minister nodded and sent the two people out of the bank building. Then he ran to the phone room to inform the finance department of the loan, for fear that the two would regret it.

When he came to the car, Livermore smiled bitterly and said: "Now I have put all my wealth on the line. If I lose it all, I will be no different from the homeless people on the street."

"Haha, if we get to that point, we can set up a small tent and be neighbors together." Ye Luo patted him, "Watching New York at four o'clock in the morning every day is not a bad thing."

"Second Young Master, are you really planning to buy the U.S. stock market at the bottom?" Shi Jianqiao on the side couldn't help but ask.

After seeing so many of Ye Luo's miraculous operations, she became resistant and a little surprised, but when she thought about everything being put on the line this time, her heart still pounded.

"Buying the bottom? What are you buying? Are you crazy? Is there still a bottom in the U.S. stock market? Of course it's short selling."

Ye Luo knocked her little head and smiled angrily,

"Stupid! If one day I really end up living on the street, I guess you will have to rely on me to beg for food to support you."

"How could I be so stupid!" Shi Jianqiao was unconvinced, covering his head, and said aggrievedly after being hit by Ye Luo several times in a row.

The two spoke in Chinese, which Livermore couldn't understand. He just prayed that the stock market would go as they expected and nothing would happen.

Otherwise his heart wouldn't be able to bear it. (End of chapter)