Chapter 2283 Solomon panics
"During the Great Depression, capitalists would rather pour milk into the river than sell it to the poor cheaply. Where is this going?"
"Nowadays, high-quality banks are just a dish. I can eat it, why can't their own people eat it?"
"Maybe they think it's better for them to eat it themselves than to give it to me!" Chen Mo said with a smile.
"Don't they understand that an economic crisis is about to break out, and only by cooperating, working together and making concerted efforts can we get through the cold winter?" He Chaoling complained.
“In this world, the only nation that can unite and disregard its own interests in times of crisis is our Great Xia nation.
It’s not that the capitalists in these hegemonic countries don’t understand this principle, they just can’t do it.
If they could really work together to fight against me, a foreign enemy, not to mention that First Republic Bank would not go bankrupt, even Bales and other moments would not come.
Not to mention just one me, even if there are 10 more me, they can't shake even half of the capital power of the hegemony and the foundation. "
"But can they do it? Obviously not!"
"Just like the war back then, these bastards are so well-equipped, their weapons are so advanced, and their concepts and tactics are said to be the best in the world. But when the fighting really starts, how many of them can risk their lives to block the gunpoint like our ancestors did?"
Chen Mo said disdainfully.
After a long silence, He Chaoling said, "Mr. Chen, to be honest, this is the first time I feel proud of being a Daxia person."
Chen Mo said proudly: "Although I, the White Dragon King, are fake, Mr. Nan, the master of Chinese studies, asserted in a speech in the last century that Daxia will usher in a major turning point, and this turning point will last 200 years. Good luck for the year.
The prosperity of Daxia will even exceed that of the Tang Dynasty and the Kangxi and Qianlong eras in history.
Master Nan did not predict this by divination. This prediction was based on a profound insight into history and a summary of experience.
I have complete faith in Master Nan's words.
Therefore, Secretary He, although you are of mixed race, you are very lucky to have half Daxia blood and can honorably and proudly call yourself a Daxia person. "
Foundation headquarters.
By the time Hazefi came to report, the First Republic Bank had been declared bankrupt at the speed of light.
Solomon was completely confused.
But once he understood a little bit about what happened, Solomon understood what was going on.
First Republic Bank was treated as a dish and eaten by Mogan Chase and FDI!
"Mr. Rothschild, do you want to call Jimmy and Martin for questioning?" Michelle asked cautiously.
"What's the point of calling him over? FDIC is legal and reasonable throughout the process. If he just says something to fool you, there's nothing you can do about it.
As for Mogen Datong, it's just that Jimmy is fearless.
He knew that the most I could do was scold him, and I couldn't do anything to him. After all, Mogen Datong and the major gods of the foundation owned a lot of shares.
What’s more, the culprit is actually Chen Mo.”
Solomon said helplessly.
Solomon actually did a lot of this kind of thing himself, but if it was someone else who did it, he couldn't stand it.
Michelle nodded, but she felt a little uncomfortable.
Under normal circumstances, anyone who dared to go against Solomon's will would definitely die a miserable death, let alone have a strong demonic power.
Now in order to fight against Chen Mo, Solomon would never dare to touch a hair of Mo Gen Da Tong. On the contrary, he had to protect Mo Gen Da Tong no matter what he did.
It's really a bit contrary to Tiangang.
"How did the owner of the dignified foundation get so far behind that the people below him took advantage of him?" Michelle lamented in her heart.
At the same time, Michelle felt...
It seems that this big bank bankruptcy cannot be stopped.
There is a saying that "when wolves have no meat to eat, they will eat themselves."
The capital of the hegemonic country no longer has the ability to harvest other countries, so it began to target its own people for harvest.
Capital is like a poison. No matter how bad the economy gets, they will never stop devouring it.
Just like the Foundation’s ultimate goal, the “Ultimate Producer Plan,” it is an ultimate goal customized according to the characteristics of capitalism.
But is this path really feasible?
Is it true that this ruthless concept of disregarding the life and death of teammates and stepping on the corpses of teammates will not be backlashed?
Michelle's faith had begun to waver.
Soon, reality answered Michelle's question.
The collapse of First Republic Bank triggered systemic risk.
Market panic breaks out!
Plus Chen Mo’s crazy short selling.
After a week has passed, the total outflow of deposits in the banking industry of Hegemony exceeded 3600 billion Hegemony currency! ! !
The stock prices of small and medium-sized financial institutions have embarked on a beautiful free fall curve.
On one hand, depositors were running on various banks in a panic.
On the other hand, various financial institutions are eager to find the next target to devour.
House prices continue to fall, the subprime mortgage market continues to collapse, and inflation continues to expand...
Although the foundation holds hundreds of trillions in cash, it refuses to spend a cent and only cares about its own interests, regardless of the overall market situation.
Within a week, the overlord hit many banks again.
Westpac Bank, Zion Bank, Alles West Bank, First Horizon Bank, LinkBank...
More than 100 banks went bankrupt!
Even the most optimistic depositors will lose confidence in small and medium-sized banks when faced with this unreasonable crisis of trust!
They will go after larger banks with more security.
After all, too big to fail is easier to implement than the spirit of contract.
However, as countless small and medium-sized banks went bankrupt, the overall deposit size of Mogen Chase quietly increased by 2000 billion U.S. dollars.
The smile didn't disappear out of thin air, it just moved to the big bank's face.
Many experts came out to condemn Mogen Chase.
According to legal regulations, Mogen Chase cannot acquire First Republic Bank, and there are many bankrupt banks.
Because this will allow Mogen Chase’s deposits to account for more than 10% of the entire country!
This exceeds the legal limit.
But because Mogen Chase was a dog of the Foundation, this legal provision was easily broken.
He was even praised as a hero!
This is undoubtedly a very bad start.
Once large financial institutions take a fancy to a small bank, they can use their own advantages and various despicable means to hunt for the bottom.
If this continues, the banking industry will only be left with oligarchs and monopolists, and the slogan of a bullshit free economic market will be self-defeating.
And the reality is unfolding just as Michelle worried about.
Until one day, Michelle was horrified to discover that Chen Mo's Kongshen camp had secretly targeted Lehman Brothers and Fanfang, and was preparing to play a big game!
Solomon, who had always allowed the big fish in the banking industry to eat the small fish, was now panicking...
