The first decision made by the Federal Reserve was to increase interest on savings and then to reduce the proportion of deposit reserves that commercial banks needed to pay to the central bank.
In order to ensure the security of savings, all banks would need to pay an amount the central bank based on the amount of savings they owned. This money was used to ensure that they could at least deal with large-scale withdrawals by customers.
The first of the two methods of the central bank was to reduce the proportion of savings customers withdrew. After all, with the interest rate increasing, holding money in the bank could generate more interest.
The second measure was to relieve the pressure on the bank.
However, at this time, the continued collapse of the subprime market caused the chain problem of overdue personal credit to escalate.
On the one hand, the bank had to face the customers who deposited their savings with them withdrawing money from the bank. On the other hand, all the money lent by the bank could not be recovered after the due date.
Therefore, the United States banking industry was in utter chaos.
Soon, the subprime mortgage crisis finally began to cross the border. It crossed from the financial world to the banking industry.
These two closely related and interdependent industries finally realized just how intimately interdependent they were.
With the large-scale shrinkage of real estate combined with overdue personal credit, the banking industry of the United States ushered in the cold winter.
And the initiator of all this, standing at the command center of Nauritus City at this moment, had already begun the next step of the plan.
“Secretly build positions in high-tech companies United States, such as Apple, Weresoft, Qualcomm, General, Amazon, and Oracle.”
Jasper gave orders to Jake and the team.
They had been in this financial war for so long and the difficulty of the process was beyond words, but now, Jasper had finally reached the harvest time he thought was appropriate.
“Affected by the subprime mortgage crisis, the entire United States stock market has fallen into a downturn, with negative trends over the past 20 consecutive trading days. Most of these companies stocks are now at historically low values. This is the best time for us to enter the market.”
Jasper took a deep breath and said with a serious expression, “The people of the United States had been ahead of us over the past few decades, and even centuries. Now, we finally have an opportunity to devour the accumulation of technology in the United States over the next 20 years. These companies are the real future.”
Jake was excited. As he was about to
speak, the team’s intelligence collector
reported an update.
“The United States Securities Regulatory
Commission announced the extension of a
n index futures settlement cycle. The
futures settlement originally scheduled
for tomorrow will be postponed to the end
of this month.”
Jake was taken aback when he heard the
words. Then, he yelled.
“Do those scoundrels from the United
States not want to keep their last trace of
dignity? Are they really that shameless?
“Back when Soros gathered harbor
stocks, the Harbor City government never
thought about adjusting the stock index
settlement cycle even when they were in
such a difficult period. If those guys from
the United States could defeat them, they
would be allowed to take anything they
wanted, but now these punks from the
United States are doing this?”
The so-called stock index settlement cycle were actually the same concept as futures.
Futures trading was cyclical, and usually
monthly. For example, delivery orders in
July were usually paid in September.
When the time came, either you took the
money or the goods away.
When JW Foundation invested in the
subprime market of the United States for
short trading, what they actually did was
short the index of the subprime market..
Now that the subprime market had
plummeted, Jasper had won.
According to traditional reasoning, he
could now withdraw cash from the
subprime market and take away the
profits according to the amount and
quantity he had shorted in this settlement
cycle.
This was a profit of hundreds of billions of US Dollars. It was also profit that all of Somerland
capital was looking forward to.
Everyone had paid so much effort and
taken such a huge risk, but what were
they after?
Wasn’t it still interests?
However, when the final settlement day
came, the United States government was
acting as if this whole thing had never
happened.
There would be no settlement!
“Why are you in such a hurry?”
Jasper frowned and said to Jake, “It’s just
a postponement. They have to settle it
unless they want their entire financial
system to collapse.”
Once the United States shed all pretense o
f cordiality and made it clear that they
would not settle, the United States’
national financial credit would disappear.
When others came to their gaming table t
o play, they would take both principal and
interest once the player lost. However,
when the players won, they would flip the
table over and refuse to admit defeat.
Even the stupidest gambler in the world
would not play with such a country.
They would be digging their own grave if
they were isolated by the global financial
community. Hence, the United States would not do
this. No other country would do so either.
Hence, the United States’ postponement
was just a disgusting move in Jasper’s
eyes.
“Let them postpone it then. They can
postpone it once, but they can’t postpone i
t a second time. We will proceed according
to our original plan for now.”
When Jasper was talking, the phone rang.
He glanced down and then walked to his
office.
“This is Jasper.”
After answering the call, Jasper said
directly.
“Layman has gone bankrupt, can we
come back now?”
Henry’s relaxed voice came from the phone.
“Sure, come back. You completed this
mission very well.” Jasper laughed.
Henry chuckled and replied, “I think I was
just passable. It’s actually all thanks to
Connie.”
Conrad’s cold grumbles came from the
phone. He was clearly unhappy with the
new name Henry had given him.
Jasper was about to speak after he let out a
laugh, but Henry was one step ahead of
him.
“Right, I got some news. Even though I
don’t know how true it is, I feel it’s better t
o tell you in advance.”
Henry did not keep Jasper on tenterhooks.
He continued, “Do you remember that c*n
t Fabian? He’s been staying low-key for s
o long, but today, one of my boys saw him
leaving Harbor City in a plane. He’s
heading to the United States.”
Jasper narrowed his eyes and said, “The
Atticus family has business abroad too, so
it’s not strange for him to go to the United
States, no?”
Henry chuckled and said, “What’s strange
is that he’s taking the W. Langdons’
private jet and Kennedys’ on board!
“Those two sons of b*tches are not good
people. Plus, there is another son of a b*
tch who’s suffered a painful loss in the United States. Say, do you think those three sons of b*tches will get together and do something?”
Jasper was slightly stunned, and then his expression gradually turned solemn.
“What you said is possible.”
“Right? I think so too.”
Henry said, feeling pleased with himself, ” I don’t know much about your businesses,
but I’m familiar with gang fights!
“Those who are scared of my attacks will most likely gather together to seek warmth. They might just counterattack when they muster enough courage!
“So, do you think those three c*nts are doing exactly that right now? That’s why I figured I should tell you in advance.”
