Chapter 1154: Dead Taoist Friends Don’t Die Poor Taoists

"There is absolutely no problem with the U.S. economy! Our path is correct and prosperity is inevitable. Although there may be some crises right now, this problem is not a problem at all!"

"We look at the source of this crisis, which is subprime loans. What is a subprime loan? To put it bluntly, it is a home loan. The home buyer borrows money from the bank to purchase a house, and then is responsible for repaying the mortgage every month. This is

Subprime loans!”

"So subprime loans are mortgages, and mortgages are definitely the safest loans in the world and the least likely to have bad debts? Why? Because mortgages are secured by houses. If you can't repay your mortgage, the bank can immediately

Take your house away."

"Everyone, a house is the most real hard currency in the world. It can be sold casually. And now the house prices are also rising. The house bought with a loan of 100,000 US dollars is likely to be worth 150,000 US dollars now.

dollars.”

"If the home buyer cannot repay the mortgage, then the bank and institutions have the right to take the house back for auction, and lend out a loan of 100,000 US dollars in exchange for an asset of 150,000 US dollars? Isn't this profitable?"

“And considering that the home buyer may have actually paid off the mortgage for several years, the bank may have recovered US$50,000 to US$60,000, and now the house has been sold for US$150,000.

That’s an income of 200,000 US dollars, which is double the net profit!”

"So it is impossible to lose money on subprime loans no matter what. Banks and institutions make a lot of money. This is the most valuable investment project in the world. There will never be any problems!"

"Don't believe the things that are said on the Internet now. As we all know, the Internet is a lawless place. You can't find yourself if you speak there, so whether you lie to people on the Internet or maliciously defraud, spread the word

No matter whether it is some false news, you will not be held legally responsible."

"So what you see on the Internet about the imminent subprime mortgage crisis, about the imminent stock market collapse, and about all Wall Street institutions fleeing, etc. These are all lies made up by scammers on the Internet.

, am I lying to you?"

"What? Why do these liars lie to you, you ask?"

"Isn't this easy to understand? Of course it is to buy the stocks in your hands at a low price. Now that these scammers have seen that the income of subprime loan products is so high, everyone wants to buy it. They are not willing to buy from us at a high price.

So I came up with these methods and rumors to maliciously suppress the stock price, tricking you into selling your stocks at a low price so that they can take over at a low price."

"These are the calculations of those shameless Wall Street financial institutions. Not only have none of those financial institutions escaped, but they are still staring at your accounts eagerly, waiting for you to sell those gold-like assets at a low price. Okay.

Let them make a lot of money, this is the secret of the so-called subprime mortgage crisis!"

"Most people won't tell you this at all. That is to say, I regard my fans as my own family, and I will explain the truth to you clearly. Don't be fooled, otherwise it will be too late!" said a man in a suit.

The middle-aged Mediterranean man in leather shoes was speaking at the top of his lungs to the audience on a TV show.

This is because he is a well-known financial analyst on TV, so no one knows what kind of achievements this financial analyst has. But according to the prompts played by the TV station, this financial analyst has created a record of one year.

A super master who can turn 10,000 US dollars into 120,000 US dollars should have no problem.

Recently, more and more American investors have begun to pay attention to the sudden subprime mortgage crisis. After all, their own stocks have plummeted several times. Although they seemed to have risen a bit later, they still suffered losses.

And just at this time, various messages suddenly appeared on the Internet, saying that a huge financial crisis was coming, that all financial institutions on Wall Street were wiped out, and that there might be hundreds of people in the future every day.

Wall Street trapeze artist.

Various gossips like this have also made people in the market panic. Fortunately, TV, newspapers, magazines and other media are working hard to refute these rumors and tell everyone that subprime loans are safe and not to be deceived by rumors.

In general, the rumor refutation was successful, and the market is actually stable. After all, the major stock indexes still rose more than they fell, and there is also the monster stock 00 Network that continues to break world records. No matter how you look at it, this is a prosperous market.

It is absolutely impossible for the market environment and financial crisis to occur.

Therefore, we are watching Wall Street's skills succeed again, allowing them to successfully calm down the violent situation and continue to secretly pull funds out of the quagmire.

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"How much money is there that has not been withdrawn?" At the headquarters of Goldman Sachs, Dr. Cooper's face showed a rare impatience. The last time such an emotion appeared was when he was competing against Jiangnan Group.

"Sir, we still have 80% of the funds, which is more than 460 billion US dollars, trapped in this quagmire and cannot be withdrawn!" Dr. Cooper's secretary lowered his head and said.

"Why are you moving so slowly? What do you do for food? Don't you want me to teach you such a basic operation?" Dr. Cooper said angrily.

"Sir, the colleagues below have not left the company in the past three months. Everyone has worked hard, but it is too difficult to withdraw funds now."

"Because now almost all institutions on Wall Street are withdrawing their funds from subprime mortgage projects. The total amount of this money reaches a terrifying US$9 trillion, and now everyone wants to escape."

"But now it is impossible to expect other Wall Street institutions to be fooled and stupidly come over to take over the orders. The only ones who can take over are the retail investors. But how much money do these retail investors have? We can only flee little by little.

At the same time, we have to compete with other institutions for funds, and there is no way to slow down!" the secretary explained in a low voice.

Some readers may not understand clearly. To put it simply, the funds in the subprime mortgage crisis are like a swimming pool. Now the water in the entire swimming pool wants to escape.

But they couldn't directly open the drain valve, because doing so would create a terrifying vortex that would scare everyone outside the swimming pool.

So they can only wait for the faucet outside the swimming pool to release water, and as much water is put in as much water escapes. But it is impossible for a small faucet to fill the entire swimming pool in less than 10 days and a half.

How could Dr. Cooper not understand this truth? In fact, he understood better than anyone else that it would be difficult for Goldman Sachs to escape the trapped funds, so he could only vent his bad feelings through these means.

Emotions, by the way, let’s pass the blame again.

"I asked you to start withdrawing funds a year ago. How could your reaction be so slow?" Dr. Cooper said sadly, while the new secretary closed his eyes tightly.

Mouth, some words can only be kept in the heart, how can one dare to say them out!

Yes, we discovered this crisis was coming a year ago, but you, the boss, said that Goldman Sachs still has at least one year left. You can wait for the deadline in one year to reach the maximum profit before leaving.

.

As a result, the deadline has come, but if you want to leave, how can it be so easy in the world? Haven’t you seen that the entire Wall Street institutions want to leave?

There is no regret medicine in the world!

The secretary was still cursing in his heart, while Dr. Cooper gritted his teeth and made a decision.

"No, we can't stay here any longer and slowly escape with them, otherwise everyone will be ruined!" Dr. Cooper said with a fierce expression on his face, "No matter what, you go and convey my order to the trading department.

Seal the building, close all external communication channels, confiscate everyone’s communication equipment, and at the same time send people from the security department to directly monitor everyone in the trading department!”

"Ah!" The secretary was shocked when he heard this. This order sounded like he was going to put everyone in the entire trading department into prison?

"There is nothing surprising, because confidentiality is the most important part of our next operation!" Dr. Cooper's face regained his composure, and he said in an indifferent voice, "I will give you three days to use it.

Be prepared to sell all subprime loan-related assets in our hands in three days!"

"Don't hesitate to sell them all at once, even if the price is directly reduced by more than 10%... No, I give you the authorization to reduce the price by 30%. At any cost, sell off all 460 billion US dollars of assets in the shortest time, even if it ends

Only 70% of the US$460 billion is left, then we will not suffer too much loss, on the contrary, the entire cash flow can be enriched again!"

"Remember, throw away all subprime-related assets at all costs and as quickly as possible!" Dr. Cooper issued this order that made his secretary look horrified when he heard it.

"Sir, if we do this, the entire market will collapse, and all our peers on Wall Street will be angry with us!" the secretary said cautiously.

Because Dr. Cooper's order is so damaging, now the entire Wall Street actually maintains a tacit understanding, working together to maintain the stability of the market, tricking those idiots into entering the game, and then slowly escaping.

Although this speed is slow, it is more stable and everyone has a chance to escape.

But Dr. Cooper's order was equivalent to unplugging the drain valve regardless of the life or death of others, and he was the first to rush down.

Therefore, most of Goldman Sachs' funds should be able to escape. But at that time, no matter how stupid the retail investors were, they would understand how terrifying the subprime mortgage crisis was. No new people would dare to enter the subprime mortgage crisis. Those trapped in

Even if the institutions behind them want to sell their assets and stocks at a low price, I am afraid they will not be able to sell them at a low price.
Chapter completed!