Rebirth of the Financial Crisis Sweeping the World

  Chapter 432 432 Clear all US dollar debts!

  Wells Fargo’s stock price fell to 7.00, and Wang Guanxi shouted: “Wait a second, see if it can fall to $6 per share!”

  "Yes, BOSS" everyone is waiting.

  Before, Wells Fargo’s stock price fell to $6 per share, and then they flattened out 150 million Wells Fargo’s shares.

  This time it should still fall to $6 per share.

  Time slowly passed, and Wells Fargo’s stock price stabilized at $7 per share.

   Wu Zhanhai: "BOSS, can't fall anymore, are we buying?"

  Wang Guanxi: "Wait again"

  Ten minutes passed, but Wells Fargo’s stock price rose by $1, rushing to $8 per share.

  Wang Guanxi thought for a while and said: "Let’s start buying, first buy 20 million shares!"

  "Yes, BOSS" Then everyone started buying, and Wells Fargo's stock price started to rise.

  8.21

  8.25

  8.54

  8.67

  8.90

At position   9.00, the resistance became larger, and soon dropped to 8.80 position!

  Wang Guanxi shouted: "Continue to buy 5 million shares!"

  "Yes, BOSS" everyone continued to buy, and Wells Fargo's stock price quickly rushed to the 9.20 position.

  But it didn’t take long for it to fall back to 9.00 again, and then to 8.80. Wang Guanxi shouted: “Buy 5 million shares again!”

  “Yes, BOSS” so everyone once again pulled Wells Fargo’s stock price to 9.20, but within a few minutes, the stock price fell to 9.00, which was temporarily supported.

  No. 3 Fund has already bought 30 million shares. Seeing that Wells Fargo’s stock price has been supported here, Wang Guanxi shouted: "Buy another 20 million shares!"

  So everyone continued to buy, which pulled up Wells Fargo’s stock price again!

  9.12

  9.25

  9.35

  9.58

  9.85

  ··

At   10.00, Wang Guanxi shouted: "Don't buy it now, wait for it to fall!"

  "Yes, BOSS" everyone has bought 50 million shares.

  Time passed in a flash.

  President Abama delivered a speech: The economy will definitely help the Soviet Union, will reduce the deficit to less than US$1 trillion, and promise to reduce taxes

  The stock market began to rise, and the stock price of Wells Fargo Bank also began to rise. It quickly rushed to US$11, not stopping all the way to US$1.25 billion.

  Wu Hongsheng asked: "Boss, are we still buying?"

  Wang Guanxi was speechless and said: "Take a break for now. If Wells Fargo's stock price does not fall below $10 per share, we will not buy it!"

  He did not expect Wells Fargo’s stock price to hit $12.5 per share. It seems that there is also a big capital to take advantage of Wells Fargo Bank.

  At this time, major economic news has arrived.

  [US GDP growth rate in the fourth quarter revised downward to -6.2%]

  The U.S. government announced that the U.S. economy stagnated in the fourth quarter. Due to the sharp decline in consumer spending, investment, and exports, the annual growth rate of GDP fell at the fastest rate since 1982.

The US Department of Commerce reported that in the last three months of 2008, the seasonally adjusted annual GDP growth rate was revised downwards to -6.2%, which was far lower than the initial value of -3.8% originally reported and the first since 1982. The biggest drop since the quarter.

   Previously, Wall Street economists predicted that the annual GDP growth rate in the fourth quarter was revised downward to -5.5%.

  The US government stated that the reason for the downward revision of the annual GDP growth rate is that both the inventory investment and export figures are "far lower" than initially expected.

  Final sales of domestic products fell by 6.4%, the largest drop in 1980.

   Final sales to domestic buyers (domestic demand) fell 5.7%, which was also the largest drop since 1980.

  Soros Quantum Fund: Most of the data in this report can only be described as "ugly".

  Consumer spending fell 4.3% in the fourth quarter, the largest drop since 1980.

  Durable goods spending fell sharply by 22.1%, the largest drop since 1987.

  Non-durable goods expenditure has dropped by 9.2% historically. Service expenses rose slightly by 1.4%.

  Business investment plummeted by 21.1%, the biggest drop since the onset of the recession in 1975.

  Investment in equipment and software fell sharply by 28.8%, the biggest drop since the 1958 recession.

  Structural expenditure decreased by 5.9%, the first decline in more than three years.

  Housing investment fell by 22.2%. So far, this data has fallen for the 12th consecutive quarter.

  Suddenly U.S. stocks plummeted across the board!

  The stock prices of Citibank, Wells Fargo Bank, and Bank of America, which had originally risen, have plummeted!

  Wang Guanxi was very excited: "Ready to buy into Wells Fargo!"

  "Yes, BOSS" everyone is very excited.

  I saw Wells Fargo’s stock price fall all the way.

  12.20

  12.00

  11.58

  11.21

  10.95

  10.54

  ··

  9.00 position, and then got support.

  Li Guangyu asked: "BOSS, do we want to buy now?"

  Wang Guanxi thought for a while and said: “Don’t worry, keep waiting, and release a bearish report on the stock market.”

  “Yes, BOSS” and then the Black Shirt Investment Bank released an investment report.

  Black Shirt Investment Bank: The economic recovery is in sight, and this economic recession may be the worst in 100 years.

  Black Shirt Insurance Company: The economic data is still not optimistic. The initial GDP data for the fourth quarter of the United States has worsened than expected!

  Huntington Bank: In the fourth quarter, GDP fell by 6.2% year-on-year, the largest drop since 1982. Previously, it was expected to fall by 3.8%.

  Fifth Third Bank: Exports, personal consumer spending, equipment and software, and fixed investment in real estate have all declined. The only bright spot is the increase in government spending.

  Silicon Valley Bank: The stock market will continue to slump!

  ··

  At this moment, Tata Fortune Company, Ratan Tata is sweating coldly behind! .

The Tata Consortium holds 50 million shares of Wells Fargo Bank, with a position of 23 US dollars per share, and a book loss of 700 million US dollars.

  "This Chinese little **** is simply a bastard, and he is also creating a panic of economic depression in the news!"

   "Oh, where exactly is Wells Fargo's stock price going to fall!"

  At this moment, the Indian Overseas Bank, Lajuslov grasped his big red sunglasses tightly, "Damn it, the stock price of Wells Fargo has dropped again!

  Before the stock price of Wells Fargo Bank rose sharply, he saw some hope, but he did not expect to turn around and plummet again.

  This economic data is so bad.

  Currently, Indian Overseas Bank holds 50 million shares of Wells Fargo Bank, with a position of 22 US dollars per share, and a book loss of 650 million US dollars.

  I thought of losing 24 billion U.S. dollars on HSBC before.

  He picked up the teacup and slammed it down to the ceiling and shouted, "This Chinese Xiaoyi is still creating panic, really insidious!"

  ··

  At this moment, Anand Mahindra, Baroda Bank of India, watched the stock price of Wells Fargo plummet, and his face changed drastically!

  "The Black Shirt Group, Huntington Bank, Fifth Third Bank, and Silicon Valley Bank are still creating panic, bastard!"

  Now Baroda Bank of India holds 250 million shares of Wells Fargo Bank, with a floating loss of US$4.75 billion, which is terrible!

   "Wang Guanxi, the young Chinese grandson, has been causing panic. It's really insidious! Grass!"

  He tore off a few of his hair fiercely, and then put it on the corner of his mouth to chew fiercely, already in a cold sweat behind his back.

  Thinking about it, he called Lajuslov from the Overseas Bank of India, and Gilayu Amin from the United Bank of India.

Anand Mahindra proposed to collect debts from the Black Shirt Group. When Wang Guanxi shorted Bank of America before, he asked them to borrow twice, the first time was 320 million U.S. dollars and the second 500 million U.S. dollars, totaling 820 million U.S. dollars .

  Rajuslov and Rayu Amin also agreed to demand debts from Wang Guanxi.

  Now their three major banks are also in crisis and need money.

   Soon the call came to Wang Guanxi’s mobile phone.

  Wang Guanxi paid off the 820 million U.S. dollars from the three major Indian banks and paid by the No. 3 Fund.

  Just finished paying off the US$820 million loan from the three major banks in India, and a call from Li Mingbin, the young owner of the Bank of East Asia, also came.

After    was connected, Wang Guanxi asked, "What's the matter with Brother Li?"

  Li Mingbin asked: "Guanxi, do you still have money? By lending me 200 million US dollars, the Bank of East Asia has encountered some crises and needs money."

  Wang Guanxi smiled and said: "Brother Li, I will directly pay you back the US$750 million loan that I owe you."

  Before, when Wang Guanxi and American International Group acquired a 50% stake in Huntington Bank, he had no money, so he asked the Bank of East Asia to borrow it.

  Li Mingbin said happily: "Well, I finally got the funds. By the way, you made a lot of money recently, right?"

  Wang Guanxi smiled and said: "Not much, billions!"

  Li Mingbin admired: "Congratulations, everyone is losing in the economic crisis, and you are the only one!"

  Wang Guanxi laughed: "It’s just good luck."

  After the call, Wang Guanxi paid US$750 million to the Bank of East Asia with the No. 2 Fund.

  Just after the payment was completed, Si Xiuming, the president of China Merchants Wing Lung Bank, also called. Wang Guanxi was connected and asked: "Brother Si, are you also here to ask for money?"

  Si Xiuming said: "Now I am short of money, 250 million US dollars, can you borrow it from there?"

  Wang Guanxi smiled and said: "Just pay you 950 million US dollars directly."

  When Wang Guanxi acquired 50% of Silicon Valley Bank from Legg Mason Group, he asked China Merchants Wing Lung Bank for a loan of US$950 million.

   "Okay! Hurry up!" Si Xiuming was very excited.

  So Wang Guanxi paid US$950 million to China Merchants Wing Lung Bank from the No. 2 Fund, leaving US$2.5 billion in cash.

   Then he called Feng Shaokun of Wing Hang Bank and asked: "Brother Feng, are you short of money in Wing Hang Bank recently?"

  Phone Feng Shaokun said: "Lack, I just want to ask you for some money."

  Wang Guanxi smiled and said; "I will return 3.4 billion US dollars to you directly."

   "Good!" Feng Shaokun said excitedly: "Now we need money to buy a bank."

  Wang Guanxi smiled and said, "Happy acquisition!"

   Then Wang Guanxi paid US$3.4 billion to Wing Hang Bank with the No. 3 Fund.

  I bought 50 million shares before, spent 450 million, and paid 820 million to the three Indian banks, and now pays 3.4 billion US dollars, leaving 3.63 billion US dollars

  Thinking about it, Wang Guanxi intends to repay the US$2 billion loan from Standard Chartered Bank!

  Before he came to the United States, he pledged Amazon’s stock to Standard Chartered Bank and asked Standard Chartered Bank for a loan of US$2 billion.

  So he called Zhang Xiaolei of Standard Chartered Bank.

  Zhang Xiaolei asked curiously: "Guanxi, why are you paying the money soon?"

  Wang Guanxi smiled and said: "Clear all the debts, so I can do it with confidence"

  Zhang Xiaolei: "I wish you victory all the way!"

  Then Wang Guanxi paid US$2 billion to Standard Chartered Bank with the No. 2 Fund. As a result, the No. 2 Fund still had US$500 million in cash.

  (End of this chapter)