The strongest peasant city

Chapter 1800 Crisis erupts!

"Mr. President, after analysis by my experts, I believe that the problem lies in the subprime loans that are prevalent in the property market in country M. The subprime loans in the prosperous property market have caused banks to lend a large amount of money to those with relatively poor repayment capabilities. In the hands of many people, the poor who could not afford to buy a house can also buy real estate at will. Such a practice has formed a huge bubble in our property market. When bank loan interest rates are very low and housing prices continue to increase, This kind of subprime loan can bring high profits to the bank, making the economy of country M present a false prosperity.

Many economists have raised their concerns about this situation before, but we have not paid enough attention to it.The bill that you worked hard to promote not long ago to increase loan interest rates and suppress housing prices seems to be for the benefit of the people of country M, but in fact it has become the fuse of this subprime mortgage crisis. Because housing prices have fallen, those who were originally able to repay their loans For the poorer people, due to the sharp drop in housing prices, their assets have shrunk significantly, and many people have become negative equity overnight. They can no longer repay their mortgages, and banks have generated a large number of dead and bad debts.And those houses used for mortgage loans have depreciated in value, so that even if the banks take them back, they cannot make up for the losses caused by bad debts.Such a situation, common occurrence, brought a fatal blow to the bank!The subprime loans that could have brought huge profits to the banks have become a rope around the banks' necks.As the subprime mortgage crisis continues to develop, we believe that this is just the beginning, and the more dire consequences are yet to come!
A detailed explanation from the Minister of Finance made Harding ashamed.He murmured: "In other words, I caused the subprime mortgage crisis all by myself? Shouldn't I have suppressed the high housing prices?"

The Minister of Finance shook his head and said, "It's not so strange! Even without your series of policies to suppress housing prices, this subprime mortgage crisis would burst sooner or later, but sooner or later. Now that the bubble has formed, There will definitely be a day when it will burst. Strictly speaking, it will cause less harm if the bubble is burst early than if it bursts by itself.

"Oh my god, how did it become like this? What should we do next?" Harding asked with panic in his eyes, his head completely confused.

The finance minister said: "Now my people are figuring out what to do.

"Then let them think quickly! I don't want my people rushing in and tearing me apart!" Harding roared angrily.

The Minister of Finance nodded, turned and walked out.Harding sat down on the chair, his face was covered with gray and white!

Levins suddenly slammed his fist on the table heavily, and roared through gritted teeth: "Damn it, we have been fooled by the Chinese!

"What?" Harding looked up at Levins in confusion.

Levins said with great resentment: "Now I finally know why the Chinese people are so enthusiastic about suppressing the housing prices in country M. It turns out that they have seen the subprime mortgage crisis a long time ago, so they borrowed our hands to detonate it and then They want to profit from it! Damn it, these Chinese people are simply devils!
"Levins, you say these are all Chinese conspiracy? Are you kidding me?" Harding asked with a stunned expression.

"Harding, why don't you understand? Think about what I told you a few days ago, a large amount of funds from China poured into our stock market. Is this just a coincidence? Absolutely not! Now our stock index has plummeted A few hundred points, conservatively estimated, all Huaxia Capital has already swept away trillions of dollars in our stock market in country M! Moreover, the stock index in country M is still plummeting, and now tens of millions of dollars are being transferred from The pockets of our M people flow into the pockets of their Chinese people! Damn it, really hateful!" Levins claimed to be smart, but he didn't see through this trick, which made him very annoyed and wanted to go crazy!
"Then, Hong Tao, Gao Yuanyuan and the others don't want to support me at all, but just want to trick me into passing the bill to suppress housing prices and lure the subprime mortgage crisis in country M, so that they can make a lot of money from it?" Harding understood. He came over, stared blankly at Levins, and asked in a murmur.

Levins said without tears: "Besides this, is there any other explanation that makes sense? Harding, this time we were really taken by the Chinese!" "God, What did we do wrong, he wants to send Chinese people to torture us!" Harding put his head in his hands, and sat down on the chair with pain and remorse on his face.

"No! I'm going to discuss it with the Chinese people!" Levins was about to lose his mind.

Harding shook his head bitterly, and said: "It's useless, the Huaxia people will not admit that it is related to this matter! We can only go to them to make fun of ourselves!
"Then what should we do? Are we just watching the Chinese want us?" Levins roared angrily.

Harding gritted his teeth and said: "Of course not! It is absolutely impossible to let this matter go! However, now is not the time to settle accounts with the Huaxia people. The most urgent thing is to quickly solve the subprime mortgage crisis with Xiku! Levins, you are the smartest, come and think of a way, what should we do?"

Levins waved his hand and said out of breath: "Don't ask me, my mind is completely messed up now, and I can't think of any solution at all! Let the experts under the Minister of Finance think about it!

"How can I do that? We don't have much time. The general election is imminent. If this crisis cannot be resolved, it will endanger my approval rate among the people!" Harding said anxiously.

Levins hit his head hard with his fist a few times, forced himself to calm down, and murmured, "Okay, I'll calm down, I'll calm down, think about what to do."

Harding knew that Levins couldn't come up with a solution all at once, so he didn't bother him, and let him think quietly by himself, and he fell into deep thought. At this time, Wall Street in Country M was like the end of the world. , became a mess.How many companies that used to be all-powerful seem to have come to the brink of extinction overnight.Many Wall Street giants in the past, because they could not accept such a cruel reality, watched their wealth evaporate in the plummeting stock market, while crying in twos and threes.In just one day, tens of thousands of people lost their jobs on Wall Street.

The entire road on Wall Street is scattered with worthless stocks, bonds, and pedestrians who are lost in spirit and look like walking corpses.There are also lunatics who can't stand the stimulation and make troubles with alcohol, noisy beatings and scolding, one after another, as if overnight, these well-dressed and favored people who work on Wall Street have turned into wild beasts and devils, and this road has attracted the attention of the whole world. The streets of the city have also become a hell on earth.

In Hong Tao's investment company, it is a different scene. Under the command of Feisd and Higgins, the employees in the company are busy non-stop, and everyone's face is full of joy. 'Les Miserables, in stark contrast.Seeing the non-stop beating stock index on the screen, Fester and Higgins held glasses full of champagne in their hands and were celebrating the victory of the first stage.

"Hahaha—it would be even better if Mr. Li and Mr. Hong were here to share this wonderful moment with us!" Higgins said with a smile, taking a sip of champagne.

Fester chuckled lightly, and said faintly: "Mr. Hong probably doesn't have that time. He must be busy helping McKinley deal with Harding now! Hehe, Harding has caused such a big trouble, I see how he has the face to let the people of country M vote for him in the general election this time!

Higgins smiled and said, "Fester, political matters are not our concern. No matter who he becomes president, we won't be able to stop us from making money. Look, now that the stock index hasn't dropped a single point, we will There will be tens of millions in the account! Tell me, did you have such a good feeling when you played with the Shet stock market back then?"

Fester recalled it for a moment, shook his head, and said slowly: "When I was in Schett, I fought alone. I didn't have such good comrades like you around me, and I didn't have such good comrades like Mr. Hong and Mr. Li behind me." Supported by powerful forces, no matter what you do, you are always trembling and making small troubles! Even so, you were imprisoned by the Shet government for a full ten years! You just said that political matters are not what we should care about. I don’t think it’s right. Politics and economics have never been separated. How can we sit here and drink champagne without the support of Mr. Hong? Humph, the FBI of country M might have broken into the door long ago. , invite us to drink tea!

Higgins nodded with deep empathy, and said quietly: "If you say that, it makes sense! When I didn't know Mr. Hong before, I was fighting alone, and I always depended on the faces of some politicians. Hurling and drinking. But now, hey, I don’t need to pay attention to anyone, because no matter what happens, Mr. Hong can settle it for me. This kind of feeling without any worries, but giving it a go is really not a pleasant feeling Words can describe it.

Fester said with a chuckle: "So! We want to make money, and we can't ignore politics at all. Now the entire Wall Street, 90.00% of financial institutions are losing money, but we are the only ones To make money, and to make a lot of money, we must not let go of such a good opportunity!
Seeing that Fester seemed to have a new idea, Higgins was overjoyed, and asked with a cheerful smile: "Fester, what are you thinking of? Tell me now!
Fester chuckled a few times like an old fox, and said word for word: "Buy Wall Street!

"Buying Wall Street!? You mean, Yu Yu Higgins was obviously taken aback by Fester's crazy-sounding idea, and asked with a look of astonishment on his face.

Fester said: "We have already made a lot of money and have enough capital in our hands. With the outbreak of the subprime mortgage crisis, countless financial institutions on Wall Street are facing bankruptcy. If we take this opportunity to sell them It is a big advantage for us to absorb it. Although these financial institutions are burdened by the subprime lending business and are on the verge of bankruptcy, they still have many profitable businesses. These financial institutions reform and merge, and when the subprime mortgage crisis passes and the economy improves, these will bring us huge profits. No matter how bad it is, we can still take this opportunity to absorb a large number of financial talents! Under the background of the subprime mortgage crisis , These talents are as cheap as radish and cabbage, it would be a pity if we don't pick them up!

(End of this chapter)