"You used Geass on him?"

C.C., who had just walked into the embassy parlor, immediately noticed and asked after seeing Gao Hai's unreasonable obedience to Zero's unreasonable words.

"Of course." Lelouch admitted calmly.

"If it weren't for you inexplicably disappearing again, I wouldn't have used Geass on Gao Hai."

If he could, Lelouch would prefer to negotiate with Gohai rather than use Geass.

But the deal between Gao Hai and C.C., Lelouch couldn't intervene, because at this moment he couldn't put forward more exciting conditions than C.C. proposed at that time.

Gao Hai's attitude is aggressive, and there is a great tendency to hand over the Black Knights if he can't honor it immediately. And C.C played a game of disappearance after awakening his memory, for this girl who already had a criminal record, Lelouch naturally would not say that all hope was pinned on her. So he chose the most direct and simple way - Geass.

"Something has been delayed a little." Saying this, C.C glanced at Musashi, who was standing outside the door.

In front of the whole world, an earth-shattering sci-fi blockbuster was staged over the Tokyo Concession at no cost. The powerful firepower of the Dawning Goddess is certainly shocking, but the flaws are also very serious.

As the central lead ship in place of the explosion, the Lady of Aurora is designed to reflect the bad taste of Camillo.

3 x 50x diameter 500mm triple mounted electronic hotline guns, 6 x 60x diameter 125mm twin mounted electronic hotline guns, 20 x diameter 100mm twin light revolving ray guns, 14 x diameter triple high-angle light ray guns, and 60 anti-aircraft 80mm automatic rotating laser guns, making this battleship the first pure energy weapon warship ever.

It may sound powerful, but at the cost of generating enough heat from a salvo of energy weapons to force the ship's weapon systems into a cooldown state.

At the beginning of the design, the battleship was not positioned for operations in the atmosphere, and even if it had ion cooling, a convenient system that accelerates the cooling rate with the increase of the firing frequency, it still needs a buffer time to reach the highest point of firepower, and even in the universe, it takes more than 10 minutes to achieve full frequency firing of all weapons, of course, the situation in the atmospheric environment can be imagined.

So, after one salvo. Musashi flew directly out of the atmosphere with the battleship for forced cooling, and C.C was naturally taken into the universe involuntarily.

"You should have a lot to say, right?"

C.C was a little self-deprecating, as if his original plan shouldn't have been what it is now. The person in front of him should be the person he pinned his hopes on, when did it begin to change?

From the accident at Naritayama? Or was it earlier?

"Of course, but will you be honest?"

Although he didn't spend much time with C.C., Lelouch was quite impressed by the awkward personality of the mysterious girl in front of him.

"Did I lie?"

Will not lie, but will choose not to answer.

"Okay!" Lelouch chose to accept C.C.'s questioning conditions.

Sometimes, not answering is the same as answering.

"Before that, though, there are some small issues that need to be addressed."

Lelouch set his eyes on the members of the Black Knights, who were heavily guarded by the Imperial Army and placed on the execution platform outside the embassy of the Chinese Federation

"Brother Huang, don't look at these materials yet." Euphemia pointed to the turned on TV, which was broadcasting a news from Area 11.

Guildford, the former Knight of Cornelia who temporarily took over the responsibility of the governor of District 11, also adopted a tough response in the face of the arrogant provocation of the Black Knights.

He tied up all the Black Knights captured in the last rebellion outside the embassy of the Chinese Federation, and executed them publicly if Zero did not show up within the time limit.

"Don't you care about such a big thing?"

Yufermia didn't understand why Kamiyu, who had paid so much attention to Zero's appearance in the first place, seemed to find the information on the computer more attractive at the moment, and turned a deaf ear to such a major event.

"Now for me, the EU's government debt, which has reached 152% of GDP, is even more attractive." Camillo finally raised his head at this time.

"Imagine a large country with an annual GDP of more than $15 trillion and a debt of 1.5 times that. What a thrilling thing this is! ”

"So much!?" Euphemia hadn't studied economics, only recently a little bit of it, but just hearing that number was enough to surprise her.

It is important to know that the annual GDP of the Bunitanian Empire is only 12 trillion, which is barely reached after the empire pumped blood from the colonies.

In front of the data, compared to the Bunitanian Empire, which took more than 10 years to become a superpower from a second-rate country, the old superpower of the EU gave Yufermia a more intuitive concept for the first time.

"But isn't the EU known as the world's number one economic power? How can there be such a high level of debt? ”

Yufemia understands that every country cannot be financed without a deficit, but she is still unbelievable that the EU has such a high debt ratio.

"The reasons are complex, but in general, they are caused by the sub-credit crisis." Sure enough, Yufemia's attention was immediately drawn to Kamiyu's topic.

"Before that, let's introduce a few technical terms." Spotting the glint of curiosity in Yufemia's eyes, the corners of Kamiyu's mouth couldn't help but turn up slightly.

"First of all, there is a term called [leverage] in finance, suppose there is an investment company [A] with assets of 3 billion, it uses the assets of 3 billion to borrow 90 billion funds for investment, if the profit is 5%, you can make a profit of 4.5 billion, so that the [A] company will get 150% of the original assets. On the contrary, if the investment fails and loses 5%, then [A] company will not only lose all its assets, but also be saddled with a debt of 1.5 billion. This behavior is just like the principle of leverage, in order to earn dozens of times the windfall profits, the success is a million profits, and the failure is bankrupt. ”

"Next, due to the high risk of leveraged operations, insurance contracts called CDS (i.e., credit default swaps, also known as loan default insurance) were developed in the market. For example, in the case of company A, company [A] found another company or bank in order to avoid leverage risk, which we call [B], and [A] hopes that [B] can help with default insurance, and [A] pays [B] an annual insurance premium of 50 million, for a total of 500 million for 10 consecutive years. ”

"For [A], if the investment is successful, after deducting the insurance premium, there will still be a profit of 4 billion. If the investment fails, the compensation will be borne by [B]. According to statistics, just like other ordinary insurance, the default rate of this insurance is usually less than 1%, and for [B], if 100 of the same insurance are received in a row, even if 1 or 2 defaults, [B] company can still get 40 billion yuan. ”

And after [B] completed this business, it immediately attracted the red-eyed [C], and [C] took over all the contracts from [B] at a price of 200 million copies, a total of 20 billion. For [B], he can immediately get 20 billion returns without any risk, and [C] will sell the 100 contracts at a price 2 billion higher than his bid, that is, 22 billion. Then it brought in [D]. You want to! A total of 50 billion profits, even if 22 billion is subtracted, there is still 28 billion to earn, so [D] immediately bought it from [C], and [C] made a net profit of 2 billion. ”

At this, Kamiyu smiled mockingly.

"As a result, the booming CDS (Loan Default Insurance) market was born."

"But, at the end of the day. After all, such a market is just a bunch of people playing a numbers game. In fact, there was simply not so much money in the first place. So, where does all this virtual money come from? ”

Kamiyu's rhetorical question made Yufermia frown and think hard.

"And so the subprime loan (subprime loan) came into being." However, Kamiyu didn't bother Yufermia for long.

"These subprime lenders are the ordinary investors at the bottom, and they are in A, B, C, D, well, since they are at the bottom, let's use Z to represent these ordinary investors." After pondering for a moment, Kamiyu continued.

"It's like buying and selling real estate, these [Z] people see the price of the house going up, so they mortgage all their assets, take out a loan to buy an investment house, and wait for the house price to rise and sell it to someone else. However, the interest on the loan is not a small amount, so [Z] mortgaged the investment house to the bank, used the borrowed money to pay the interest, continued to buy the house, and continued to take out loans, which formed a vicious circle similar to credit card repayment and splitting the east to make up for the west. The bubble will burst one day, and finally the subprime mortgage crisis will appear"

"Subprime mortgage crisis?"

"When the price rose to an unacceptable height, there was finally no one to take over. But the high interest rate doesn't stop there, so the bank starts to confiscate the properties of [Z] who can't pay the interest. At the same time, although they have been transferred countless times, it feels like these contracts are far from the original "A" contracts, but they are actually the same thing. So, the default happened. ”

"For companies other than Company [A], which have already changed contracts, this is not a big deal, because the liability has long been unrelated to them. But unlucky guys are always indispensable, so unfortunately, just spent 30 billion to buy these 100 contracts, and [F], who didn't have time to change hands, became a victim, and 10 or more defaults came out of the 100 contracts in his hand, and each default had to pay 5 billion insurance money, at least 50 billion. Combined with the $30 billion acquisition money spent on the purchase of these 100 contracts, the total loss is as high as more than $80 billion. With such a large loss, few institutions in the world can afford it, so [F] had to declare bankruptcy and bankruptcy. ”

The chain reaction caused by the collapse of [F] began, because of the collapse of [F], [A] not only paid 500 million insurance premiums in vain, but also had no one to pay liquidated damages for himself. As mentioned earlier, [A] is investing in leverage, so [A] is also facing bankruptcy due to his inability to repay his huge debts. To make matters worse, there are more than 10 defaults out of 100, which means that more than 10 companies like [A] are in the same situation. ”

After saying that, Kamiyu looked at Yuphimia's thoughtful expression with interest.

"Yuffie, the EU is a country dominated by financial capitalists, and the capitalists have quite a strong influence in society and conquest, you should have experienced this and seen it with your own eyes, right?"

Euphemia nodded immediately.

"So, the [A] companies approached the EU's finance ministers, MPs, and speakers and lobbied them: Don't let [F] go out of business, because then everyone will be doomed. What is the solution? That is to nationalize [F], and then all the insurance money from A1 to A10 is paid by the EU government with EU taxpayer money. ”

"But, even so. Shouldn't the EU's liabilities be so high? Yufemiaa quickly calculated in her heart, and found that compared to the country's finances, tens of billions or even hundreds of billions should not be too serious problems.

"Hehehe, I just took a simple value as an example." Kamiyu laughed innocently at Yufemia, "Yufi, do you know what the market value of EU's CDS market is?" ”

"This" Yuphimia shook her head blankly, and at the same time a thought rose in her heart whether she was really too naïve.

"The market capitalization of the CDS market is 62 now" Kamiyu paused suddenly, deliberately slowly compared the lip shape, and said in an accentuated voice.

"Ten thousand! Hundred million! ”

Once a princess of a country, Yuphimia, the third princess of the Bunitanian Empire, only felt dizzy.

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I'm sorry.,Rare update but so many boring things have been written.,I really don't want to say it's cheating on the number of words.,But it's suspicious.