"Dear depositor friends, due to the sharp drop in stocks this morning, considering the withdrawal of funds by various institutions to supplement the margin or the rest of the liquidity needs, the Bank has decided to withdraw openly, and no longer limit the standard of 1,000 US dollars per person and a single time, and can withdraw in full, so that institutional depositors who are queuing up can relax." A cheerful female voice rang out in the lobby of the headquarters of the Union Bank, and the financial staff of those small and medium-sized institutions were instantly ecstatic, but soon their mood was hit to the bottom, because the routine stock market bulletin sounded again.

"According to the news that the Bank has just received, the stock market fell sharply today, and the Dow Jones index has fallen below 280 points at 11 o'clock, a drop of as many as 32%......"

Before the sound could be finished, several people waiting in line to withdraw money fell limply, "Someone fainted...... Guards, guards......"

Before everyone could finish watching this scene, there was another exclamation outside: "Look, Nationals Building, New York, someone jumped off the building......"

Hula, all the people who did not have the task of withdrawing money ran out to watch the excitement, and then witnessed the scene that they will never forget: on the 68th floor of the National Building, three men in suits and leather shoes who looked like they looked like middle class were hugging and crying on the rooftop, and the onlookers only heard one sentence: "I fuck you on Wall Street!" ”

Then the three men jumped straight down arm in arm.

"Ahh The crowd of onlookers shouted.

"Bang bang...... sound almost hitting the ground at the same time, brains splattering, blood spurting, dead no more......

"Call the police, call the police!"

"What's the use!" One of the onlookers shouted hysterically, "Oh my God, there are 2 more on the rooftop!" They're not going to jump too, are they? ”

What is the reason for not jumping off the rooftop? There is a queue for forced liquidation, and there is also a queue for going to the rooftop now......

The next two jumped down one after the other: in just five minutes, there were five more bodies in front of the National Building. In the Empire State Building, a landmark building in New York, there are even more people jumping off the building, and some onlookers who were so frightened that they almost went insane said, "On that day, the people who jumped from the top of the Empire State Building rushed down one after another like dumplings...... I jumped 11 in 5 minutes, and one jumped naked, which probably means that the stripes come and the stripes go......"

"Help me connect with President Hoover, I have to say sorry to him......" Seeing the Dow Jones index, which has been decided, Contini smiled slightly, "There is still a long time ahead, and I still have to have a good relationship with President Hoover......"

The phone was quickly connected, and Hoover's side was also anxious, and there were a bunch of people from all over the country who came to complain, he thought that he was coming to sue again, but he didn't expect it to be Contini - he instinctively wanted to get angry, and instantly remembered his wife's advice at night, so he immediately calmed down and said calmly: "Calais, you stabbed Lou Zi a lot, countless people have sued me in the morning...... Some people even got angry. ”

Contini smiled: "Sorry for the trouble...... Yesterday I was in a really bad mood, I had a lot of fire, you know I'm not mature sometimes, I'm still too young at the end of the day, and I'm reluctant to admit it, but I want to say that I haven't suffered any major setbacks, and this lesson is the most valuable lesson I've learned on the road to expansion! Of course, it is completely unreasonable to shift the blame to me, and I myself actually hope to cooperate with these companies with a 120,000 heart, but the Federal Reserve is like this, and the financial circle is shouting and killing me, I don't understand what it is for - am I giving them less benefits? ”

Hoover was speechless, Contini was right, he did not give less benefits to Wall Street, but the problem is that people want more, people are no longer satisfied with making 5-6 percentage points a year, people want to get their hands on the most important oil and medicine of the United Group - doesn't Mellon say it, he can't see it?

The reason why he seized on the liquidity mismatch to make a big fuss was to use this kind of monetary compression to squeeze out Contini's liquidity and force him to give up the shares of certain companies, the first of which was Algerian Oil, United Motorcycles and United Medicine.

Why does the Federal Reserve take the lead, because Union Bank is essentially a foreign bank, and the Federal Reserve has high-sounding reasons to protect the national interests of the United States and maintain the economic and financial security of the United States, but no matter how high-sounding the reasons are, it cannot change the fact that the Federal Reserve is not a government agency in the final analysis, but a non-profit private institution influenced by the government, and behind it is essentially a commercial interest group, that is, Wall Street.

"But to get into more trouble, I've communicated with clients about the $600 million Fed that they'll return to us in the first week of October, and then I'll be able to return it to the Fed — a month earlier than the actual deadline."

"Really?"

"Really!" Contini smiled, "Because of today's sharp drop in the stock market, I have explained to President Francisco that withdrawals are open and not subject to the limit of $1,000 per person at a time, so we withdrew nearly $90 million in one morning, and our liquidity has withstood the test, and the United Group can be trusted." ”

"That's good, that's good." Hoover retracted, "Calais, those orders ......"

"What do you mean?"

"That 4.4 billion order!" "While the president can't interfere with the autonomous actions of entrepreneurs, you're also a political leader and know how important jobs and economic stability are to a country's leaders — it's not my fault that the stock market falls and falls, but if the economy is in trouble, voters will put all the blame on me, and of course you—a lot of people have called me today to express their displeasure and even want me to sanction you with executive power, which is of course nonsense, but ......"

"I'm here to discuss this with you." Contini's attitude is very sincere and modest, "I boasted that I would rebuild the Italian industrial system in 10 years, which is also a political commitment of mine, and now I will not be able to fulfill my commitment if this package of orders is abandoned, which is of course extremely unfavorable to me, but it is not logical to simply let me retract what I said yesterday, I can accept some of it, but after a while, you see that you can do more of my work?" ”

This last sentence made Hoover's eyes narrow, what does this mean? But in an instant, he understood that this was the credit that Contini gave to himself: the president obviously gave up these contracts, and after he Hoover impatiently came to the door to do the work, he finally let the president loosen his mouth partially, so that the orders and jobs of these companies were preserved, and he could explain to the voters, as for the fall of the stock market, everyone didn't want it, but the president was also forced to do it, in fact, if it weren't for the Fed's urging and such pressure to cause a run, Union Bank would have no problem returning it when it was due.

Up to now, neither Hoover, nor Mellon, nor the Federal Reserve have understood why the Union Bank has stubbornly adhered to the red line of protecting the interests of loan customers and refused to let go, and would rather give up the 500 million deposit itself to protect customers. I'm afraid that God and his old man will be moved, right?

Contini is certainly not a saint, so why would he refuse to withdraw his loan? Because all these loans were issued to European customers - except for some orders for equipment from Germany, most of the rest were shadow companies controlled by the United Group in Europe, and then these shadow companies invested the money in the United Trust, and used the bridge built by the United Trust to speculate in securities, some went long, some went short, the manager was Livermore, and the commander was Contini.

The Fed is simply wrong: the outflow of money that they are worried about does not exist at all, and most of this money has come full circle in Europe and has come back, but it is not reflected in the balance sheets of American companies, it is reflected in the balance sheets of European companies, and then this is not industrial money, these are speculative capital. In essence, it is a kind of self-financing: the United Group, with Union Bank as its tentacle, circled a large amount of money from the United States and released it to shadow companies controlled by itself without obvious actual equity control to short the United States.

So Contini and Francisco refused to withdraw the funds - how could they be short? Margin is also required for shorting, and the margin for shorting can only be opened to 3 times, and 2 billion margin is required for 5.5 billion short sales. The Union Bank tossed a total of 4 billion funds, 2 billion provided margins, 1 billion was left for the Union Bank to maneuver, and 1 billion to deal with emergencies, how could it be possible to withdraw the loan as required by the Federal Reserve? I'd rather lose 500 million deposits than withdraw them!

So why did Contini now re-export and agree to return it early, and even said that he would give Hoover a little face to fulfill part of the contract? There are multiple reasons for this:

The first weight: today's harvest of more than 1 billion US dollars of wool, can be appropriately refunded a little, conducive to the next time, a handful of finished there is no next time, like a country stock market dealer cut leeks, make a circuit breaker every day to stop in fact, not much, must first pull again, pull and then hit, hit and pull, toss again and again to maximize benefits, so a sentence is well summed up - "don't go, fellow, the national team is here to save you......" is really to save or to take the opportunity to get a handful? Originally, the first circuit breaker could be stopped, just because I believed that someone would save it, and then cut it in half......

Second: Properly hold up the stock market a little, don't make it too ruthless, forcing the U.S. government to introduce regulations prohibiting naked short selling, once the rules are changed, it will not be fun;

Third: Give Wall Street tycoons a chance to get on the bus, and everyone will make money together, if this stock market crash only makes money from the United Group and Contini, they will definitely put the hat on the head of the United Group in the future - although Hoover and Contini now want to buckle the Federal Reserve, but if Wall Street can share a little benefit, then in the future, everyone will not attack each other who should be responsible for this, and none of the famous consortiums can escape, everyone has a share, and the law is not responsible.

Fourth: to create time and opportunities for the United Group to transfer funds, it is very difficult to leave after doing it, and it is much easier to transfer funds out after the time is extended, Contini is also counting on this batch of proceeds to build aircraft, artillery, tanks, aircraft carriers, and also counting on stimulating the domestic market and production, so it must be able to go - there is no use for wealth on paper.

After listening to this, Hoover was very satisfied, and felt that Contini had given himself enough face, and had also achieved the goal of the United Group: to teach the Federal Reserve and the financial circle behind them a profound lesson. He didn't ask how much the United Group had won, he thought that since Contini was bearish some time ago, he must have been shorted - he didn't expect such a huge pattern of 5.5 billion at all, he thought that at best there was about 4-500 million, and this capacity should still be accepted.

"Can I tell the others about this in advance?"

"You can say something by implication, but you can't pack a ticket, you have to let them see that your work is hard and not easy - they are all for themselves, only you are for the country, for the American people, you have a much bigger mind than them, you have a much bigger picture, and your career is something they can't understand at all."

Contini touted Hoover: "Of course I fully understand that you are fighting so hard for the country to continue to prosper and for the American people to live a better life." I also have this purpose, otherwise why would I shout about building an Italian industrial system in 10 years? Am I making money for myself and future generations? I can't spend all my money in ten lifetimes, I just want to serve the 40 million Italian people and do something for them. Everyone says that how strong the ability is, how great the responsibility, you have more than 100 million American people on your shoulders, the most developed country in the world, I have to study hard and ask for advice all the time, I am too young, sometimes a little willful - this is a big shortcoming, you need to learn to control, if you can do it like you are moody......"

Hoover was a little fluttery, and after putting down the phone, he finally regained a little sense of his senses—he almost got caught in this little guy. No wonder Mussolini supported him as a youth leader and married his daughter to him. He hadn't heard anyone say that just now -- at least young politicians in the United States can't say this kind of thing, they only know that they talk nonsense about freedom, democracy, and political correctness, and that's all empty talk, and the president of the other country is the one who does things in a down-to-earth manner.

With Contini's assurances here, you can shout at Wall Street over there, taking the opportunity of the noon break, Hoover didn't even eat lunch, and dedicatedly called everywhere, pulled people's heads, patted their chests and assured them that they had communicated with the president, and under his own unsparing persuasion and coordination, the president finally agreed to reconsider, so everyone should not exert any more pressure, and no one would have anything to eat if the market was messed up. You have also seen the temper of the president, who would rather die together than swallow his anger - otherwise he would not be a young man, who has not been young? Who hasn't been excited? You need to understand the mind of a young man...... Mediterranean hegemon