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? Only by cooperating and working together can we survive the cold winter?" He Chaoling complained.
βIn this world, the only nation in the world that can unite regardless of its own interests in times of crisis is our Daxia nation.
Itβs not that these hegemonic capitalists donβt understand this principle, they just canβt do it. .π .
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 in the war back then, these bastards are so well-equipped and have advanced weapons. Their concepts and tactics are said to be the best in the world. In the end, when they actually take action, some of them can risk their lives to block the muzzle of the gun like our ancestors did. ?β
Chen Mo said disdainfully.
After He Chaoling was silent for a long time, she said, "Mr. Chen, to be honest, this is the first time I feel proud to be from Daxia."
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 heyday of Kangxi and Qianlong in history.
Master Nan was not made by divination. This prediction was based on a profound insight into history and a summary of experience.
I firmly believe in what Master Nan said.
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Therefore, Secretary He, although you are of mixed race, you are lucky to have half Daxia blood and can call yourself a Daxia person with honor and pride. "
Foundation headquarters.
By the time Hazefi came to report, 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 like a dish, eaten by Chase and the FDIC!
"Mr. Rothschild, do you want to call Jimmy and Martin for questioning?" Michelle asked cautiously.
"What's the use of calling here? The entire process of FDIC is reasonable and legal. If I just fool you, there's nothing you can do about it.
As for Mogen Chase, itβs just Jimmy who is confident.
He knows that the most I can do is scold him, but I can't do anything to him. After all, the main gods of the Demon Root Chase and the foundation have 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.
If it were normal, let alone one with a demonic root, whoever dared to disobey Solomon's will would definitely die.
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 and manipulated 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 you.
Just like the foundation's ultimate goal, the "Endgame Plan," it is the 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 risks.
Market panic breaks out!
Coupled with Chen Mo's crazy short selling.
After a week has passed, the total outflow of deposits in the banking industry of Hegemony exceeded 360 billion Hegemony currency! ! !
The stock prices of small and medium-sized financial institutions have embarked on a beautiful free fall curve.
On the one hand, depositors ran on various banks in panic.
On the other side, 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 tens of billions in cash, it does not spend any money and only cares about its own interests, regardless of what the broader market does.
Within a week, the overlord hit many banks again.
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West Pacific Bank, Zion Bank, Alles West Bank, First Horizon Bank, Lianxin Bank...
More than 100 banks went bankrupt!
Even the most optimistic depositors, faced with this unreasonable crisis of trust, will lose confidence in small and medium-sized banks!
They will pursue safer large banks.
After all, it is easier to operate than the spirit of contract.
However, in the tide of countless small and medium-sized bank bankruptcies, the overall deposit scale of Mogen Chase has quietly increased by 200 billion Hegemony currency.
The smile did not disappear out of thin air, but was transferred to the faces of large banks.
Many experts came out to condemn Mogen Chase.
According to the law, Mogen Chase cannot acquire First Republic Bank and many bankrupt banks.
Because this will make Mogen Chase's deposits account for more than 10% of the entire Hegemony!
This exceeds the upper limit stipulated by the law.
But because Mogen Chase is a dog of the foundation, this legal provision was easily broken.
He was even praised as a hero!
This undoubtedly started a very bad start.
Once a large financial institution takes a fancy to a small bank, they can use their own advantages and various despicable means to buy at the bottom.
In the long run, the banking industry will only have oligarchs and monopolists, and the slogan of the bullshit free economic market will be self-defeating.
And the reality is playing out as Michelle worried.
Until one day, Michelle was horrified to find that Chen Mo's air god camp had secretly targeted Lehman Brothers and the two housing agencies, preparing to play a big game!
Solomon, who had always indulged the big fish in the banking industry to eat the small fish, was panicked...
