Chapter 2244 Bells Waiting Time
Chen Mo made a decisive decision and directly issued an order: "Transfer all the money earned by our "Emperor's Community" and "Professional Debtors" abroad."
"In addition, starting from today, all stores will gradually close!"
Once Chen Mo does this, people who buy houses will find that they have been cheated, and there will definitely be a huge commotion.
The bank will also definitely discover the existence of professional debtors and the countless accounts mortgaged here that cannot be recovered at all!
Real estate and finance will both be hit hard!
This in turn caused housing prices to plummet wildly, making the country's subprime mortgage crisis arrive half a year ahead of schedule! ! !
He Chaoling asked: "Are we going to inform those local snakes in the overlord country?"
Chen Mo smiled and nodded: "Of course we have to notify them. You go and inform them now and just say don't do the business. It's too dangerous to continue doing it."
Those people are all desperadoes and don't make any sense at all.
If Chen Mo didn't say a word, he would just run away.
The risk of becoming a hegemon in the future will be great.
He Chaoling frowned: "Would it be better if we tell them after we run away?"
Chen Mo shook his head: "There's no need. These people are greedy and no one will listen to us. When the overlord's economic crisis comes, if we are looking for someone to back us up, these people will definitely be sacrificed first."
He Chaoling suddenly realized it, and immediately called those local snakes:
"Mr. Chen asked me to tell you not to do the business you are doing anymore. It will be very, very dangerous if you continue to do it. Take your money and run away."
But as Chen Mo expected, almost none of these local snakes listened to him.
Even if Chen Mo said it, because the profit margin of this kind of no-cost trading was too high, they were not willing to let it go.
Except for one or two cowards who were timid or not native to the overlord country, they chose to quit and run away.
Other local snakes all chose to wait and see.
They want to wait until there is really no money to make before running away.
Unfortunately, by that time it was too late.
After Chen Mo finished his explanation, his men quickly took action.
All agency stores closed almost overnight!
The group of people who bought the "Emperor's Community" all received a text message: "Sorry, you were deceived. Our community only has one gate. As for the building, we didn't want to build it at all.
The main blame is that your hegemonic country's loan policy and pre-sale policy are too weird, which allowed us to take advantage of the loopholes.
You must want to sue us, right?
Hee hee, now that we have made money and gone abroad, we are enjoying a good life with your money. If you want to sue us, you have to find where we are! "
This text message is tantamount to directly targeting Baguo customers, Baguo Bank, and Baguo officials.
Countless home buyers ran to the community to take a look.
Sure enough, the community has been built for more than two months, and there is still only one gate, and the grass inside has grown more than two meters high.
And as the "Emperor's Community" was exposed, the matter of "professional debtor" could no longer be hidden.
Originally, it was a common thing in the overlord country to have to cut off the mortgage payments for a month.
But suddenly so many people cut off their confessions at the same time, it would be a big deal.
After conducting interviews and investigations, the bank was shocked.
They discovered that these houses had been mortgaged four or five times in a row, and the mortgage had not been paid even once after the transfer!
When they urgently wanted to freeze the accounts of this group of professional debtors, their scalp became numb!
This group of people don’t have a dime in cash in their accounts, and all they have is debt!
Loan debts owed to various banks and institutions! ! !
After further in-depth investigation, the group of "professional debtors" finally appeared in the public eye!
The bank sadly discovered that they could not even recover the worthless house.
Because it has been mortgaged so many times, many banks and institutions can legally hold this house.
Everyone can only continue to fight with each other through lawsuits! !
The thunder in the real estate market has a vague tendency to be detonated.
On May 7, the Federal Reserve issued an emergency statement in its monetary policy: "There are fluctuations in the financial market, credit conditions of some banks have tightened, and the property market is in a state of adjustment. However, in the next few quarters, with the support of steady growth in employment and income, the Fed will The economy can continue to expand moderately, so there is no need to worry.”
However, on that day, the subprime mortgage crisis of the hegemonic country had not yet come, but many Western developed countries related to the strong economy of the hegemonic country had already been affected by the subprime mortgage problem.
On the 8th, financial expert Dalio claimed in an interview: “This will be an unprecedented major crisis!
In the next 4-6 months, this crisis will sweep through the financial system like a hurricane!
The officials of the hegemonic country must think of a way to deal with it, otherwise, the consequences will be disastrous! "
His words were scorned by countless investors.
On the 9th, the Federal Reserve continued to cut interest rates by 1%!
The intensity is so powerful that it’s staggering!
The overlord emperor has brought unprecedented good news to the real estate market.
In his speech, he said that he would further reduce the down payment ratio, increase loan limits, and provide insurance for 500,000 homeowners with poor credit records.
However, this piece of good news actually had no effect at all.
On the 12th, the Federal Reserve cut interest rates again by 1% in an attempt to stimulate real estate and housing prices.
Expert Dalio once again jumped out and scolded: "The root of the debt problem is too much credit, not too little!!! The debt burden of hegemonic households far exceeds the level they can bear. Even if interest rates are cut, it will continue to expand. The supply of credit will only make the problem worse!
Hegemonic official, real estate is hopeless! ! !
Why do you still care about it?
Think carefully about what to do if real estate fails! ! ! "
When Chen Mo saw this news, he shook his head and chuckled.
You know the truth, but you can't wake up those who are pretending to be asleep; you know the way to save the overlord, but the authorities don't listen to you at all.
In the end, you can only scream silently and watch the hegemonic economy step by step towards hell...
"In a hegemonic country, you have to be a capitalist, and you have to be extremely selfish to live comfortably. Otherwise, whenever you wake up, it will be extremely painful."
Chen Mo murmured.
Chen Mo also knew that although the debt was now in danger, the judgment day would still not come so soon.
Sure enough, the S\u0026P 500 hit a record high the next day, and ordinary investors were still confident.
During the peak period of stock market house prices, activity was three times higher!
Real estate is in dire straits, but the financial industry is surprisingly active.
This is a very, very dangerous signal.
"Mr. Chen has an economic forum in the afternoon, and the newly appointed Financial Secretary of Hegemony will give a speech first, aiming to stabilize housing prices and promote the continued growth of Hegemony's economy.
I guess I just want to continue bragging about the real estate miracle in Hegemony and bring some good news. "
Reported by He Chaoling.
"What's going on over there with Bells and the others?" Chen Mo asked.
"Bells is waiting for this quarter's financial report to come out. Profit has dropped by 70% and losses have expanded. However, it is said that they are not in serious trouble because they have already raised funds."
He Chaoling said.
"This is the straw that breaks the camel's back!"
Chen Mo's eyes opened suddenly and he grinned wildly.
The "Bells moment" that represented the "prelude" to the subprime mortgage crisis in the previous life, Chen Mo wants to let it happen at tomorrow's economic forum...
