Chapter 271 sky-high insurance payouts

"Our company went bankrupt? How is it possible, didn't the dividends be distributed in the first two months? Isn't the performance very good? How can you go bankrupt,.." Pan Li, president of the new Beijing Pacific Insurance Group, was stunned when he heard the report of the chief financial officer.

"No kidding! We are really bankrupt, and the Imperial Court has just ruled that our company has paid a sum of up to 280 million in insurance payments, and our company's account has been cleared, and we have to file for bankruptcy protection in order to pay this insurance money. ”

"Could it be that the huge insurance policy signed half a year ago really happened?"

"Our crew confirmed that the ship had indeed sunk in the storm, and that the 3 billion worth of treasures and gold and silver bars loaded on board had sunk to the bottom of the sea."

"How did we get so unlucky to catch such a storm......

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Time back to the Chizhou economic crisis a year ago, when the traversal also lost a lot of money in order to calm the chaos of the remnants of the gate valve, and the remnants who made a lot of money on shorting various financial products naturally made a fortune happily.

But can the speculators who are targeted by the traversal public, especially Chen Guanxian, have a good death? No way! As long as these guys are alive, each of them will be able to take the money from the traversal without paying the price.

A simple conspiracy was placed on the coffee table in the office of the president of the Imperial Import and Export Company. As a high-ranking disciple and a small shareholder whose interests are bound, he naturally knows the power of this scheme. The simple and outrageous plan is to let the new Jingtai Insurance Group, which is the base camp of the remnants, take over a huge insurance policy that is enough to bankrupt them, and then let the policy take effect, so that the remnants will be completely bankrupt.

The Chizhou Bank and numerous Chizhou trading companies had a large capital and current account surplus every year, and theoretically the amount of gold and silver shipped back to the empire mainland every year was astronomical. With the direct industry of the people taking the lead, plus a large number of affiliated companies and partner industries, this yang conspiracy is easy to achieve.

At the beginning of the plan, tens of millions or even hundreds of millions of dollars of the empire's import and export trade balance in Chizhou every year were escorted back to China by the new Beijing Pacific Insurance Group for underwriting, and there was no accident for several consecutive years.

A treasure ship is loaded with more than 1,000 tons of gold and more than 1,000 tons of silver, and the ship that returns with a full load has a lot of space because of the huge density of gold and silver, and the density of gold and silver is so dense that the waterline of the ship is almost on alert.

Generally speaking, because the transportation of ships needs to make the best use of deadweight tonnage and space, it is necessary to maintain the average density of cargo in the cabin, and counterweight has become a craft under the premise of a certain load. Ballast is generally high-density cargo in the bottom silos, such as ores, metal products and ingots, while the upper and general cargo compartments are loaded with goods with a density in the vicinity of timber such as fur, cane sugar, porcelain, textile raw materials, paper, etc. (taking into account the packaging boxes and cushions such as moisture and shockproof). The loading counterweight of the treasure ship was a deliberate man-made disaster, and the ballast was all gold and silver ingots, gold and silver products, and gold and silver coins that had been scavenged from the trade of the Chizhou colony, almost half gold and half silver (average density of 15 tons/cubic meter), and this configuration made it impossible for the entire ship's passenger and cargo compartments to be empty and not to sink the ship. It stands to reason that this kind of cargo cannot be all placed in the bottom warehouse, and the force on the keel is too uneven, and the stress is too concentrated, which will lead to a serious disaster.

The 3,000-ton treasure ship was loaded with a total of 2,500 tons of gold and silver products, and in fact, the wooden boxes were only 200 cubic meters with packaging, and the 90-meter length of the ship was covered with a layer of two to three meters wide and one meter high boxes from beginning to end. However, the new ship, named the Seal, was made of high-quality teak, and all the gold and silver of the ship, which had not been left from the shipyard for more than two years since Vietnam, was stored in the bottom warehouse.

The gold and silver that should have been placed on ten ships on average were put on one ship, so the ship could not make full use of the space by stuffing some cane sugar, cocoa, rubber, indigo, and cotton as before, and this ship not only could not carry too much water supply, but also had to reduce the crew to sail normally, otherwise it would be overloaded and sink.

This cargo of up to 3 billion imperial dragon dollars naturally has more than 10 million premium income and huge free advertising benefits, and the new Jingtai Insurance Group cannot eat alone, it is only divided into less than one-tenth of the share and is about to survive, and several other peers and close partners are also thorns in the side of the public, such as the Toyo Shipping Company and the Toyo Bank, which were opened by the Yusin Pan family before the sworn enemy of the Imperial Shipping Group.

These remnants made a lot of money during the Chizhou crisis, but no matter how many vests and means they used, it was impossible to hide the state apparatus in hand.

How can the bankruptcy of an insurance company bankrupt all these remnants scattered across industries? This is going to talk about Chen Guanxian's tragic life before his crossing. At that time, he was just a small cooperative loan officer, and after a few years as a porter of funds, he met a cheating superior leader - an unreliable vice president. This fool actually believed the promise of a municipal party committee leader and lent out a real estate mortgage loan of up to 200 million yuan, but the real estate developer who borrowed the loan disappeared the day after the mortgage procedures for the construction project were completed. The vice president, who only learned the news a week later, was dumbfounded, holding a bunch of unfinished projects under construction waiting for a ball, and a large piece of the book funds was suddenly missing, and no one wanted the collateral in his hand even if it was folded and sold. Three months later, the bank went bankrupt due to a run on the news due to high non-performing loans, and of course Chen Guanxian left the bank before that.

The increase in non-performing loans will not bankrupt the bank, but the triangular debt and asset shrinkage will make a large number of affiliated companies insolvent and bankrupt, then as the largest creditor bank will definitely suffer heavy losses, in order to eat dry and wipe clean without leaving a mouth, the bank of the Chenji system also participates in this kind of loan, but it is based on the value of the collateral calculated at a discount of about 70% to loan, once a company is unlucky to go bankrupt, so many dominoes fall, The shares of these remnant companies were transferred directly to the liquidation bank and the court to the name of the buyer company in which the designer and the partner participated in the bankruptcy liquidation auction.

This time, with a huge amount of insurance claims, how can an insurance group company at the base camp level reflect the level of the people who have been in power for many years and whose realm has improved several levels? A large number of small and high-quality enterprises were used as a tool for guaranteeing loans and creating triangular debts, and it took almost three months to squeeze out the cash flow of the remaining enterprises, and a large number of external guarantees and mutual guarantees increased the loan liabilities of these enterprises in the bank cluster of the Chenji series a lot, and in order to catch them in this policy of up to 3 billion, it was changed from full insurance (insurance with an insured amount equal to the insured value) to underinsured (insurance with an insured amount lower than the insured value). Although the new Jingtai Insurance Group only bears one-tenth of the sum insured, in order to earn premiums and profits, a large number of reinsurance contracts have also been transferred to the pretending Imperial Insurance Group and the Oriental Insurance Group (in order to paralyze the vigilance of the remnants, the crossing also underwrites part of the gold and silver themselves) to the new Jingtai Insurance Group, which is greedy for money.

As a result, Xinjing Pacific Insurance Group and its affiliated brother insurance companies received a total of 2.7 billion dragon yuan in insurance, and divided the premiums of 10 million dragon yuan. The failure of an insurance company is not a disaster, but the failure of its affiliates along with its sister companies due to guarantees and huge payouts is a disaster.

According to the estimation of the internal accounting team, this time the artificial design of the remnants will have a loss of at least 15 billion, and more than 40 rivals who have obtained more than 8 billion in the Chizhou crisis are of course directly bankrupt and liquidated.

These high premiums, interest and guarantee fees are the sesame seeds that tempt them to lose their watermelons, and they are also the bait for them to bury their lives because of greed. It is these seemingly risk-free benefits that make the remnants turn themselves into dominoes, one after another like chickens eating rice, and when the wealth of Chizhou drifting across the sea sinks, the group of dominoes composed of these remnants will be pushed down by this payout at once, and then they will all fall one after another.

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On the books, the crossing of the public first lost a sum of Chizhou gold and silver treasures, and then doubled back from the new Beijing Pacific Insurance Group and other rivals, and finally crossed the public to earn, the former dynasty that created the crisis was defeated and lost as pants. In fact, the situation is not so simple, this money is a huge amount of money for any organization and country, and the game of capital operation is not so simple. The disappearance of such a large amount of cash has led to a great deflationary expectation, just like the social liquidity suddenly decreased by 10%, and the consequences of the disaster are very serious, although the money belongs to the crossing and many partners, but its surname belongs to cash, which is an important part of the cash flow of many enterprises, thanks to the relatively closed surname of Chizhou, the temporary disappearance of this money for a period of time has no impact on the real economy as imagined. If the mainland's M0 disappears so much, it will have to cause an economic crisis.

The site of the wreck is in the shallow sea area near Wangji Island (Busuanga Island). The Seal had no problem returning from Chizhou along the equator, but when it arrived in the Sulu Sea, it encountered a typhoon, and when the new ship of the counterweight pit father crossed the Pacific Ocean, the waves made the constantly stressed keel fatigue, and the stress points of the keel and the floor produced countless micro-cracks without anyone noticing. When the big waves set off by the typhoon hit the hull, these small cracks became the main reason for the boat to finish, one by one because of the water pressure like a fountain of water cracks appeared in the bottom compartment, when the bottom compartment was full of water, the crew found that the seal escaped death in the storm even when the wind and waves were calm will not be able to hold out to the next port.

The treasure ship full of gold and silver was swept away by the aftermath of the typhoon and sank, and the news naturally came from the mouths of the crew who escaped from the ship, and this amazing news spread all over the world at once. 3 billion worth of gold and silver, I don't know how many monarchs have never seen an astronomical amount in their lives, sank in this water area in the southeastern corner of the South China Sea before entering the empire's native dock. This news not only destroyed the financial base camp that the remnants had worked so hard to run, but also caused many unrelated innocent people to suffer from the disaster of pond fish. The first to bear the brunt is the shipbuilding company Nanguo Shipbuilding Company, which built the new ship, and its shares were sold off by investors who suspected that there were problems with product quality after being dug up by reporters as construction units. One day from 13.6 yuan fell to 10 yuan of the warning position, the next day fell below the net assets of 8.1 yuan, to the third day of the closing price directly fell below the issue price of 5 yuan became a junk stock (all the stocks below the issue price of the Chinese empire are junk stocks, the same is true of high credit ratings, the reason is very simple, the market does not recognize, and then after the forward reset, the current price of the stock below the issue price is like a company that has not developed or even regressed, it is not as valuable as when it was first issued), almost within a week, Nanguo Shipbuilding has become a grilled fish, and it is better to die than to be played by the market。 The ship's operating unit, the Chizhou Import and Export Trade Group, was also put on an extremely dangerous hat, and it was a major mistake to make a decision to concentrate on the transportation of gold and silver that should be shared in several ships.

As for the location of the wreck, the insurance company also wanted to send someone to salvage some of the treasure to reduce the loss, but they were also dumbfounded when they got the report, the sea near Wangji Island is 200 meters deep, and it is almost impossible to salvage it under the known technical conditions. In addition to the fact that nuclear power has not yet been applied to the military's submarines, deep-sea scientific research and exploration have long been an open topic of discussion among people whose secrecy level is higher than level 5. (The imperial secrecy system is as hierarchical as the title system, and the title is divided into three types: hereditary, minus, and generation, and there are three types of confidential information, top secret that will never be declassified, secret with a declassification period of between 100 and 20 years, and a secret that will be declassified within 20 years. ）

In fact, shortly after the shipwreck, the treasure was salvaged by the secret forces of the Secret Order Navy of the Crossing Order, and after being digested by the Secret Order, the money was replenished into the Imperial Bank's currency issuance reserves. The owner of the money sunk at the bottom of the sea is still the Chizhou Import and Export Company and its partners, but the money was salvaged and quickly transferred to the original owner, in fact, the proportion of capital contribution for the remnants of the previous dynasty is the same as the proportion of shares of the central bank, and the wealth of the robbers far exceeds the initial capital of 3 billion, and the harvest is effective while effectively curbing the market trend with inflation expectations (the huge amount of gold and silver that Chizhou returns to the empire every year will always cause inflation, This write-off of these gold and silver is a cover for creating deflationary expectations), which once again shows Li Ji's penchant for chasing two birds with one stone.

After this sky-high compensation, the traversal completely swept away the economic influence of the wealthy owners and families left over from the previous dynasty, and let these most stubborn conservatives and opponents roll out of the decision-making and executive levels. In other words, if they do not follow the rules of the game set by the Travelers and use the ascent tools of the new era, and closely follow in the footsteps of the Travelers, these families will no longer have the possibility of entering the upper class of society. The possibility of a comeback that has been repeatedly sheared and squeezed into living space by virtue of the old book that has survived from the ancestors has been put to an end. According to the estimation of the people, in the pre-Song and Yuanyou periods, if the wealth and assets accumulated by the folk families were not invested in new industries and commerce and overseas colonization, after three currency reforms and six economic crises, there would only be some agricultural land left at most that barely maintained the standard of living. (To be continued.) )q