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62 trillion ....
It's not that Euphemia is very dirty, such an inflated virtual economy is like a huge time bomb, enough to blow the entire EU to pieces.
"The total value of the CDS market in the EU is 62 trillion. If there are 10% defaults, it will be 6 trillion yuan, and if the EU government wants to buy these defaulted contracts, it will need to spend 20 trillion yuan. If it is not acquired, a large-scale economic depression will surely break out in the EU. β
"However, it is impossible for the EU government not to see the serious consequences of the virtual economy, right?" It occurred to Yufermia that it was impossible for the entire country not to see the consequences of an excessively high virtual economy.
"Speculation is a mentality derived from human beings because of their innate **." Kamiyu smiled playfully.
"The first economic collapse due to speculation occurred in the Netherlands more than 300 years ago, popularly known as the Tulip Crisis. More than 90 years later, for the second time in human history, the economic collapse caused by speculation caused by Newton, who was also a famous smart man in history, known as the banner of rationalism, and the great man who opened the door to the industrial revolution, lost more than ten years of savings. β
"Wouldn't it!?"
"I can calculate the trajectories of celestial bodies, but I can't calculate human greed------by: Isaac Newton, a non-famous financier." Kamiyu replied in a humorous tone.
This is not only Yufemia, but most people in the world do not know much about it. In fact, in his later years, Newton became obsessed with finance and alchemy. In 1720, the bubble of the English South Sea Company swept away the savings of the great physicist Isaac Newton in his later years.
"There are countless smart people in the world, but it's not that no one sees clearly, but the virtual economy is too easy to make money, especially for smart people with brains. As long as you can grasp the opportunity, analyze the market trend, and boldly invest in borrowed funds, you can easily make yourself a rich man. There is no need to deal with all parties like the industry, and the competitors have to break their heads for the sake of the already weak profits. β
Kamiyu's words made Yufemiaa vaguely understand.
"It's not because they're stupid and don't know the consequences of inflating the virtual economy. It's because they're so smart, so these smart people are convinced that they won't be one of the unlucky ones, and that they can make a lot of money to get out of the big meltdown. Yuphimia suddenly muttered to herself, causing Kamiyu to nod in relief.
After that, Kamiyu continued.
"The main reason for the current financial situation of the EU is that the virtual economy is too high, but before that, the EU was barely able to maintain a balance with the resources and industry brought by its huge territory, but the invasion of the Bunitanian Empire became the fuse that triggered everything."
"I know this!" Euphemia spoke first with great interest.
"Europe, as a traditional territory of the EU, has gradually migrated its industry to Africa and Eastern Europe due to its high development, where there is cheap labor and a large number of natural resources, which can greatly reduce production costs. But with the war with the Empire, the EU lost control over these places. Naturally, an avalanche of credit crises followed. β
What Euphemia said was roughly similar to what she said at the London reception.
Kamiyu nodded approvingly.
In fact, the Empire's declaration of war on the EU can be said to be completely unexpected, and the war between the great powers is hell, and both sides have vast territorial strategic depth, large soldiers, strong productive forces, and economies. As the most powerful EU republic in the world in terms of resources, economy, science and technology, and land area, we look down on Bunitania from the bottom of our hearts that more than 20 years ago, even the country was still in the crisis of division.
It's just that no one expected that the 98th emperor of Bunitania was a madman comparable to Wilhelm II, the second emperor of the German Empire, who not only declared war on the EU, but also did his best.
However, the emperor's luck was very good, and the victory of the emperor ** on the battlefield not only made the EU parliament and the people the enemy of their own army, but also very coincidentally ignited the fuse of the EU financial crisis.
All kinds of coincidences can't help but make people suspect that God has come, right among the Bonetanians, and he is also the emperor's ** official.....
Well, Camillo insists that it all doesn't have much to do with him.
"In any case, these large conglomerates are the ones that must be suppressed." As he spoke, Kamiyu returned his gaze to the information in his hand.
Yufimia noticed that Kamiyu was talking about suppression, not elimination.
"Where does my brother want to start?"
"The Empire's debt repayment deadline is approaching, and this is a huge opportunity for the EU consortium..... Wait...."
Kamiyu suddenly put down the information and touched his chin in thought.
"If it's true, that's an interesting discovery..."
"Brother?"
Yufimia looked puzzled at Kamiyu who opened the computer terminal as she was talking to herself.
"It's really strange, I thought I wouldn't have any contact with you anymore."
The person who appeared in the window was not what Euphemia expected.
Yufermia really found it hard to believe that Kamiyu, who had no contact with even Monica, her closest confidant, had kept in touch with her titular fiancΓ©e, and judging from the tone of the other party, the contact between the two was still very close before.
"What made you have such a misunderstanding?"
Kamiyu smiled with a confused smile.
"That's not because..."
Nishinomiya, who was about to refute, was suddenly stunned.
Thinking about it carefully, it seems that the last time we met, Camillo just said that "this is the last transaction. γ
Actually, from the very beginning, it was there that I was cranky?
At this thought, Nishinomiya's face suddenly appeared with an embarrassing flush.
"Is there anything else that His Highness Kamiyu needs my help with?" In order to hide the embarrassment just now, Nishinomiya asked with a cold face.
"If I really were that omnipotent, I wouldn't have come to you for help in the first place."
Even if it is just through communication, he can detect the other party's 'murderous aura', so Kamiyu has to smile bitterly and flatter.
"Tell me, is there anything I need help with?"
"Details of the Empire's Cabinet Meeting on Debt Repayment."
"You're really welcome!"
Kamiyu's request made the girl frown.
Consulate General of the Federation of China in District 11............
"The methods of the Black Rebellion are repeated, and the emperor ** really doesn't have a long memory!"
Watching Zero use the earthquake-proof structure to rescue the hostages of the Black Knights captured by Emperor ** back to the Consulate of the Federation of China, Li Xingke was surprised, but still mocked with a cold face.
And the maid who was standing beside him, who was also watching everything that happened, only glanced coldly at the arrogant man after hearing these words.
"Do you have any opinions?" Li Xingke, who noticed the other party's fleeting gaze, asked in a polite tone as much as possible.
Despite the fact that the other party is just dressed as a maid, behind him. But if you look closely, you will find that the attitude towards this maid is very subtle.
"It's nothing, it's just your turn, right? Above. Naturally, Musashi couldn't have told him [If you knew Geass, you wouldn't have such feelings. This kind of talk.
"Thanks for the reminder." Knowing that the other party was perfunctory, Li Xingke still left.
After all, the emperor ** is firing at the embassy, whether it is obvious that he is protecting the Black Knights, and maintaining the majesty of the Chinese Federation is the first priority at this time.
"A tough one, isn't it?"
After Dawn left, the voice rang out behind Musashi.
"My instincts are very sharp, but it's a pity that he didn't get the corresponding rights. Above. β
That is, it is not a cause for concern..... Is it? β
"Now Li Xingke is not to worry." At the same time, the same is true of Lelouch's evaluation of Li Xingke.
If he is really an enemy, Li Xingke will be a rather tricky opponent. It's a pity that the system of the Chinese Federation and Li Xingke's personality doomed him to be unable to obtain the authority that matched his talent. Moreover, the Geass ability who pretended to be his brother was already in his hands.
With one more card in his hand, Lelouch regained the feeling he had when he formed the Black Knights. And what really cares is the side of the empire.
The Governor of District 11 was killed, and now that such a big farce has been broadcast internationally, the reaction of the Empire is quite concerning.
"Monica-sama is coming to District 11, above." Musashi looked at the sunset and said suddenly.
"That little girl?" Suddenly showed a wicked smile: "This is interesting." β
............
"Sluggish, **, depraved..... The air in this place was still as suffocating as ever. β
The blonde girl, who had just sold her foot at the airport, seemed to have inadvertently repeated the scene of Cornelia's arrival in District 11.
"Monica-sama, do you want to go directly to the Consulate of the Federal Republic of China?" Lilaina's face was quite ugly as she spoke.
After watching the whole live broadcast on the plane, they naturally knew what the result was. The emperor's clumsy reaction became the laughing stock of the world in this live broadcast.
It's not a denial of Guilford's personal ability, it's just that the limitations of an upright knight can only go so far.
"I'd love to go in and screw Zero's head, but it's obviously impossible...."
Monica, who said this, and Liliana turned their heads to look behind them at the same time.
Two men also dressed in Knights of the Round Table stepped out.