Chapter 2917 A Well-thought-out Plan
Although the big boss Chen Mo has stopped making moves.
But the hegemonic country's economic crisis continues.
Now hundreds of thousands of people are losing their jobs, homes and becoming homeless every day.
A solution must be found as quickly as possible, otherwise, even if Chen Mo does nothing, the hegemonic country will still go bankrupt.
To be honest, Joseph himself didn't have any solutions.
His own think tank was unable to come up with any effective suggestions.
However, at this moment, many think tanks proposed to take advantage of the chaos to reap the benefits, but they were directly scolded by Joseph.
The country is going bankrupt!
Are you still cutting leeks?
It took so much effort to get rid of Chen Mo, the plague god. If he ends up bankrupting himself, wouldn't the whole world laugh at him?
"That's totally fine."
Now that history has returned to the right track, it is only a matter of time before the hegemonic country emerges from the economic crisis.
All Chen Mo had to do was speed up the process.
"Please go ahead." Joseph winked, and Donald immediately acted as the recorder himself, taking notes carefully with a recorder.
"First, we will resume comprehensive economic cooperation with Daxia and continue the previous commodity exchanges.
Especially in terms of daily necessities, Joseph, you also know that the price of daily necessities in Baguo is three or four times that of Daxia.
The people are overwhelmed by this expenditure alone.
Not to mention all kinds of home appliances and commodities.”
Chen Mo said as a matter of course.
Joseph always felt that Chen Mo was using his power for personal gain.
This one sounds like that's the case.
But isn't this just using Baguo as a blood bag to help Daxia recover?
"Joseph, if you don't believe me, there's no need for us to continue our cooperation.
At worst, I won’t buy the house. There are plenty of quality properties available in Oumeng anyway.”
Chen Mo made a move to stand up, and Joseph quickly smiled and said, "I believe you! I believe you! I'll arrange for someone to talk to Daxia later."
"anything else?"
Chen Mo then sat down with satisfaction, smoking a cigarette leisurely, and continued: "Cut the welfare of the people, especially the welfare of the poor.
You also know how ridiculously high the welfare of the poor in hegemonic countries is now.
Many people from the He country, receiving minimum living allowance, can go to other countries and live a carefree life as bosses.
A hegemonic country cannot afford to have too many lazy people like this."
"Secondly, we should allow some low- and medium-segment manufacturing industries to return and provide more jobs."
“Also, what is the source of this financial crisis?”
When Chen Mo said this, he deliberately asked back.
As a result, Joseph looked up and stared at Chen Mo without blinking.
This made Chen Mo very embarrassed.
He was the one who caused the subprime mortgage crisis. Logically speaking, the source was Chen Mo.
"Why are you staring at me? I'm asking what the source of the subprime mortgage crisis is?"
Chen Mo immediately changed his words.
"It's the mortgages that the American people have already stopped paying, especially the subprime mortgages," Joseph responded.
"Okay, now that you know where the source is, can't you just solve it?
On the one hand, you help people pay off their mortgages, and on the other hand, MBS can restore its profits.
On the other hand, if the Financial Secretary directly purchases the MBS bonds on Flower Street and spends money to raise the prices of these junk bonds, the market will return to normal.
Once the MBS returns to normal, subprime bonds will no longer be junk bonds and will gradually become circulated, and the crisis will be resolved."
At this point, Chen Mo directly copied the bad asset disposal plan submitted by Paulson in his previous life, referred to as "TRAP".
"I have estimated that the Financial Secretary will need about NT$10 trillion to help the people of Bazhou repay their mortgages, acquire non-performing assets in Huaer Street, and restore liquidity to the entire market.
And throughout the entire process, the Financial Secretary must not allow any department to interfere with the approval process. Ensuring its smooth flow is the only way to get out of the crisis as quickly as possible."
"I divided the 10 trillion into three parts: 2 trillion, 3 trillion, and 5 trillion.
Only after the first 2 trillion rescue funds are used up can the second, larger amount of money be used.
The last 5 trillion yuan can only be used with your personal application and approval."
“Also, you have to do the purchase of distressed assets indirectly.
Capital should be injected into banks, and they should be allowed to decide how to use the funds to deal with junk assets.
Banks are more professional than you and are more eager to escape bankruptcy and liquidation."
"And the most crucial point. Throughout this entire process, you must ensure that the Great Xia Kingdom absolutely cannot sell off its U.S. debt.
Now, Daxia’s holdings of U.S. debt account for more than 23% of the total U.S. debt.
If Daxia sells off, it will be even more terrifying than my short selling."
The more Joseph listened, the more he admired her, and in the end he even felt a little scared!
terrible!
Not only did Chen Mo create the subprime mortgage crisis himself, he even came up with a solution! ! !
You know, a few days ago, Joseph gathered the top think tank team of the entire hegemony for brainstorming, but he couldn't find any good solution.
But Chen Mo gave a well-reasoned explanation on the spot, and even explained the execution details clearly!
The more Joseph thought about it, the more frightened he became!
Why does it feel like... Chen Mo is really like the White Dragon King who can know the past and the future?!
Joseph finally understood why the six major chaebols of Sakura Country, the twelve main gods of the foundation, as well as the Ou League and the Hegemony Country were all defeated by Chen Mo.
"Do you think the plan I proposed is feasible?"
Chen Mo looked at the stunned Joseph and couldn't help but raise his voice and ask.
In fact, Chen Mo was confident.
This is Chen Mo's improved plan based on Paulson's "TRAP".
You should know that the plan proposed by Paulson was polished by countless teams and tested over and over again.
The subsequent hegemonic country did rely on this plan to get out of the subprime mortgage crisis.
"what?"
Joseph finally woke up from his dream.
May I?
That's fucking awesome!!!
The feasibility of this plan is much higher than any plan that could be devised by 1000 official think tanks of hegemonic countries combined!!!
"Okay! That's great!"
Joseph said excitedly with a ruddy face: "Mr. Chen, if I had known earlier, why would I still be worrying in the office every day?
Can't I just come to you directly to solve the problem?
Oh, come on, what does it matter if I can’t eat or sleep these past few days? I should have just come to you and ended it earlier!
"Okay, as long as you're satisfied with the plan.
"Hmm... Oh, by the way, I should have received the discount for buying the house, right?" Chen Mo said calmly.
"Give it! You must give it!"
Joseph suppressed his inner excitement and said again, "Ahem...Mr. Chen...I have an unwelcome request, but I'm not sure if I should mention it."
"Then don't talk about it." Chen Mo said.
It's an unreasonable request, who would be willing to listen?
"Haha, Mr. Chen, that's funny! Really funny!
Well, I'd like to ask you to preside over this crisis recovery plan.
Help our hegemony country out of the crisis."
Joseph smiled cheekily.
The subprime mortgage crisis was caused by Chen Mo, and he was the one who proposed the solution, so if he were to implement it, the effect would definitely be the best!
