Chapter 2193. What can ordinary people do?
"Okay, I want to buy CDS worth 1 trillion Daxia coins from your bank."
Chen Mo smiled lightly and quoted the price.
Such a large number made all the leaders of the central bank of the overlord swallow their saliva.
But soon all these leaders couldn't help but raise the corners of their mouths!
Over the years, they have seen a lot of fools, but this is the first time they have seen a fool who spends so generously and rushes to give away money!
"Mr Chen, please wait a moment, we will help you get everything done right now!"
As we all know, the overlord's efficiency is notoriously low.
It is possible to fish at work, shirk responsibilities, and follow the process for months or even years.
Take the matter of high-tech financial instruments, for example.
According to the usual procedures of the central bank of the overlord country, this matter can take at least 3 months to complete. If you encounter a few Buddhist staff, it may take a year.
If that happens, the subprime mortgage crisis will fucking break out, and Chen Mo’s short-selling tools won’t even be able to be taken away!
However, this time, Chen Mo only waited for 15 minutes, and all the procedures for the cds tool to be available for normal purchase on the market were completed!
The efficiency is so high that it would stun all departments of the same type not only in Hegemony, but also in Daxia.
Chen Mo had to sigh, it would be great to have "the ability to make money"!
"Thank you Mr. Chen for your support! I hope we will have the opportunity to cooperate again in the future!"
The leader of the overlord’s central bank smiled.
Because they believe that Chen Mo's trillion will definitely be spent in his own bank and it is impossible to take it out.
This time, I'm afraid it will be the last time we cooperate.
"Well, I also hope there will be a chance to cooperate next time."
Chen Mo also laughed.
Because Chen Mo knew that once the subprime mortgage crisis broke out, this financial tool would not only detonate the entire real estate industry.
At the same time, it will detonate the entire financial world!
The central bank of the overlord is the first to sign the contract, so his contract is the first to expire, which means that he is the first to explode! ! !
These idiots have personally created this financial tool that can destroy their own banks. I'm afraid if we meet again, they will either be fired or in jail.
Before leaving, Chen Mo took away a mug belonging to the central bank of a dominant country.
It's like taking away your own trophies.
Immediately afterwards, Chen Mo walked towards the next battlefield without stopping.
Faced with Chen Mo's bold opening, and the central bank of the overlord country has developed the financial tool CDS.
No financial institution is willing to refuse Chen Mo, the fat sheep that comes to his door!
Overlord National Financial Services Corporation.
"Mr. Chen, this is a CDS product contract worth RMB 1 trillion. We have already communicated with your legal team. Please take a look at it again."
Gao Sheng Investment Bank.
"Mr Chen, it is absolutely a wise choice for you to buy 1 trillion CDS from our investment bank! What we at Gaosheng pay most attention to is two words - integrity!"
Bells et al.
"Mr. Chen, our company is the third-ranked financial institution on Wall Street, with numerous investment banks under its name. I dare not say anything else. In terms of cashing out products, it would be no exaggeration to say that our company is number one in the world!"
Fannie Mae, Freddie Mac, Lehman Brothers, Swiss Credit...
In one day, Chen Mo spent 10 trillion DaXia coins on these institutions!
Chen Mo has conducted CDS transactions with more than half of the country's top investment banks and local banks.
Chen Mo's big money-spreading operation even made many mortals make a lot of money overnight.
For example, a beautiful trader at Lehman Brothers who was 183cm tall, just because Chen Mo liked her, designated her to handle this large order.
For a 1 trillion order, no matter how small the commission points are, even if it is only one ten thousandth, it is still a full 1 million!
Not to mention the 2008 million in 20, even in 1 years, million Daxia coins in any country in the world will be enough to make an ordinary person have wealth and become an ordinary rich class.
The beautiful trader was so moved that she almost burst into tears. She even threw away the oath she had made when she entered the industry that she would never trade her body in this industry.
"Mr. Chen, why don't you give me the secret? If you don't take the secret, I won't be able to hold it safely."
The beautiful white trader with legs longer than her life looked at Chen Mo with great sincerity and said.
He spoke very sincerely, and there was no way he could tell that this person was selling his body to Chen Mo.
Chen Mo was amused.
"Your service attitude is worth the price. As for the unspoken rules, I'll forget about it and leave it to my readers. All of them have been fans of Dai Sai since childhood."
"By the way, give me one of your company's mugs."
Chen Mo was already used to this kind of scene.
In front of the top rich, beautiful women are the least valuable and the easiest resource to obtain.
All Chen Mo needs is the trophies that represent his successful harvest of this company as a souvenir.
The 183cm tall blond Caucasian trader respectfully handed a packed Lehman Brothers mug to Chen Mo.
Before leaving, Chen Mo kindly reminded: "The commission you earn will be converted into gold or cash and kept at home in the near future.
Don't buy any real estate other than the housing you just need.
Don't invest in any financial fields such as the stock market and futures. "
The beautiful trader asked curiously: "Why?"
Chen Mo said with an unabashed smile: "Because the overlord's real estate bubble burst, the tsunami it caused was enough to bury the entire financial world with it.
At that time, the stock market and futures market will jump.
House prices plummeted.
Even the bank where you deposit your money will go bankrupt and fail to exchange the money you deposited. "
Chen Mo said it casually, as if he was joking.
But the beautiful trader was inexplicably frightened, as if she saw the end of the world coming.
"Then... what should ordinary people besides me do? What can they do?" the beautiful trader asked in a trembling voice.
"What can be done?"
Chen Mo lit a cigarette, blew a smoke ring gently into the face of the beautiful trader, and said two words that she would never forget in her life:
"Wait to die!"
The big bubble burst, the subprime mortgage crisis came, and the financial crisis swept the entire hegemonic country!
Under this monstrous wave, ordinary people in all industries have no way to resist!
Especially people from the hegemony country, they don’t have the habit of saving, and when a crisis comes, they can’t come up with enough money to withstand risks.
Then these people will be reduced to vagrants and the lowest level of society, dealing with the most dangerous group of people, diseases, viruses, cold, and hunger every day.
And the mortality rate of this kind of people in the overlord country is as high as 15%!
The probability of developing mental illness and developing bad habits is as high as 89%!
The probability of being able to counterattack from being a homeless person to being an ordinary person again is basically 0.
Therefore, Chen Mocai said that when an ordinary Hegemon encounters something like this, all they can do is wait for death!
Not to mention ordinary people, even the middle class and even some ordinary rich people may die in this disaster!
Hegemony is a credit society. In fact, it is very expensive to maintain a good credit standard.
For example, university tuition fees in Hegemon are very expensive. Many students no longer receive funding from their parents after the age of 18, and most will choose student loans. When they graduate, they will not only be burdened with high student loans, but also face pressures such as work, medical care, and various insurances.
The previous emperor, Lucian, took 21 years to pay off his student loans, and then took on the student loans of his children.
It is not an exaggeration to say that if you live until you are old, you will still be able to pay your tuition fees.
The consumption concept of the hegemonic people is to buy today's happiness with tomorrow's money. Whether it’s Black Friday or celebrating a holiday, I will actively shop and never look back. If I don’t have the money or the price of the product exceeds my budget, it doesn’t matter. It’s still easy to get a credit card.
Even when buying a house, most of the time you only need to pay a 10% down payment. What about the next loan? People in Hegemony are very confident. They always think that they can earn an annual salary of one million within 10 years after graduation.
As a result, many people in the country have been dealing with loans throughout their lives. The average person in Baguo holds 2.9 credit cards. The first thing he does when he gets the money every month is to pay off his debts.
In order to help these people repay their debts, Baguo's companies are also very "caring" and pay salaries on a weekly basis, for fear that people will not consume.
But loans are risky, so you need to be careful when spending money. Once there is a problem with your income, trouble will follow.
In a credit society like Baguo, once someone fails to repay their loan for several months in a row or has a problem with their credit record, they will be immediately excluded from the society.
Those who own real estate will have their houses taken away, and those who don't have their cars will have their cars taken away. When looking for a job, you need to check your credit history. How about applying for a new credit card to finance the loan?
Sorry, you still have to check your credit history.
Without a credit record, you can’t even rent a house, so you can only sleep and be a homeless person!
The scariest thing is that your loan does not mean that you will be fine once you become a homeless person and pay it back.
Once your parents, your children, or your relatives pass away, any inheritance left to you will be taken back by the court and used to repay your loan debt!
Under normal circumstances, it would be so difficult to maintain credit.
What's more, the economic crisis is coming?
But Chen Mo would not pity these foreigners at all.
"Your sky is falling, ours is about to light up!"
