"The recent turmoil in the stock market and the volatility in the gold market have had an impact on our plans, and this is the gold that was delivered yesterday worth $12 million, and it is estimated that it will be the last one.

As a result of our large purchases of gold, the price of gold on Wall Street has risen by 20 percent, and it is not easy to buy more than 10 tons of gold. ”

Against the backdrop of Wall Street stories, Situ Nan walked into the underground vault of the New York branch of Wells Fargo with a serious face. As Fargo said this, a smile appeared on his face, and he looked at the golden gold in front of him, which was as much as forty or fifty tons, piled up like a hill, and turned back to William. Fargo laughed, "It's fascinating, isn't it?" ”

"Well, these treasures are expensive."

William. Fargo nodded in pain, Wells Fargo sold quite a lot of bonds and stocks, ruthlessly packaged and sold a lot of debt businesses with investment potential to other companies, and bought a large amount of gold and dollars, although the risk was reduced, but his expression was not as excited as Situ Nan, and the loss was still quite large.

With the exception of the Federal Reserve's New York branch, no one hoards as much gold as Wells Fargo, which has stockpiled more at its headquarters in San Francisco than in New York.

"Stop dwelling, my friend. I promise the miners in South Africa won't be happy for long. ”

Situ Nan patted William gently. Fargo's shoulder, comforting him, said, "This crisis will come sooner or later, according to the data I have obtained, in the past ten years, the United States has issued more than 50 billion dollars in bonds, and more than half of the bonds are junk bonds."

The market regulation mechanism is non-existent, and there are many large and small financial companies in Manhattan. They hyped up these junk bonds so high. Create wave after wave of prosperity. Although it is beautiful and moving, the bubble is always a bubble, and there will be a day when it will burst, and then it will not be the foam that bursts, but a time bomb that will blow people to pieces.

People must know this, but they don't want to believe it and have a fluke mentality. Tragedy doesn't happen to you. Fortunately, Wells Fargo is not focusing on the stock market. ”

Speaking of this, Situ Nan looked at William with satisfaction. Fargo glanced.

No one is innocent!

Situ Nan secretly told himself that he tried to convince himself that he did not have to take moral responsibility for those who lost all their wealth and had nowhere to hide in the miserable rain.

"I hope you're right, I really want to see them jubilant with a bunch of bonds and stocks in their hands, and it won't be long before they suddenly find out that these bonds have no value."

William. Fargo shrugged and squeezed out a smile at Situ Nan.

The economic crisis is a race, and it is more important for Wells Fargo to reduce risk and ensure the safety of funds than speculation in the stock market.

As long as you run faster than your competitors, your competitors will be devastated in the economic crisis, and Wells Fargo will be full of blood. There is plenty of money, and when the time comes, it is not time to arbitrarily take on those banks and financial companies that cannot fight back.

Of course. Wells Fargo is also prepared to short the stock market, but this is secondary, and by the way, the really important things are gold and the dollar.

In this regard, Wells Fargo acted more quickly and resolutely than Robles Securities, but Robles Securities held too many financial bonds, and there are still more than $100 million worth of bonds and stocks that have not been sold today.

Out of trust in Situ Nan, the Fargo family actually took out a lot of funds to Robles Securities and Livermore's Devil Angel Investment Company to manage.

So, William. Fargo, like the rest of the Williams consortium, watched the Wall Street market cautiously, while secretly hoping that the stock market crash predicted by Situ Nan would come as soon as possible.

Situ Nan looked at the U.S. bills hoarded in the vault more than gold, and looked green.

"Security needs to be strengthened, what if those guys who lose red eyes come forward?"

Situ Nan commanded casually, his face teasing with ease.

"Okay."

William. Fargo nodded, the security system of the bank vault is very tight, and he is not afraid of ordinary thieves, Situ Nan said this more to prevent some competitors of the same level or slightly lower level as Wells Fargo from making external moves.

Situ Nan believed that Wells Fargo could ensure the safety of the gold, after all, Wells Fargo had come from the west back then, and the most important thing to develop in the west was robbers.

Situ Nan didn't know whether the stock market crash in history was man-made or natural, but this time he planned it behind the scenes, although the stock market crash was not man-made, he and his partners also played a role in fueling the trouble.

Entering October, the advocate and participant of the Wall Street stock market boom, the famous economics professor Irving Brown. Fisher also advertised investors in newspapers to speculate on stocks.

This guy seems to have set up a financial index company in order to enhance his persuasiveness, invested all his net worth in the stock market, and made his financial company go public, after several rounds of speculation, through packaging, selling some financial information, indices and other virtual products, his financial company has reached a market value of tens of millions of dollars in a short period of time - his wife, sister and other relatives, their families have invested their savings in this company, what an inspirational and smart people's wealth story!

In reality, the company is nothing more than a shell company.

However, Moody's Fitch Appraisals, the S&P index, which has recently become an important index on Wall Street, and Robles Securities are bearish on the stock market, warning that there is a serious bubble in the stock market, and they have jumped out of the mainstream of Wall Street.

This has attracted the attention of Wall Street investors, some people disdain it, some people wonder about it, and some people stand up to refute the argument that the stock market is purely ignorant with ulterior motives.

Of course, the most fierce opposition to this attitude is naturally the economist above who speculates in stocks.

It's just that he didn't know that Livermore's Demon Angel Investment Company had set his sights on this company, secretly borrowing 5% of the company's shares from Robles Securities, and preparing to smash this inflated company in one go.

Boom or crisis?

Whatever one points of view, it doesn't matter at this point.

October 21.

As soon as the market opened on this day, Situ Nan's figure rarely appeared on the New York Stock Exchange. When I came in, I deliberately checked out this place full of money and digital charm.

Traders in vests, phone calls one after another, various trading orders. the dynamics of global financial markets, and so on. The atmosphere was still as busy and tense as usual, and nothing seemed out of the ordinary.

"It's the trading seat of Robles Securities in front, do you want to take a look?"

Seeing Situ Nan walking leisurely and watching, Thomas asked in a low voice.

In front of Situ Nan, Thomas was still serious and respectful, low-key, if he wasn't an acquaintance, he really wouldn't recognize Thomas as the president of William Financial Holdings. Not only helped Situ Nan manage the financial business, but also handled the intelligence work of the consortium.

"No, don't bother them, whether they live or die, it depends on each person."

Situ Nan shook his head and refused.

If you can't sit still, there is always a little nervousness, instead of sitting in the office of William Financial Holdings, it is better to go to the stock exchange and witness a moment of history.

Walking into the stock exchange, Situ Nan's mood immediately calmed down.

Thomas. Lamond. The president of JPMorgan & Co. is a little worried about the recent stock market turmoil. Convenient stock exchanges.

He was a little surprised when he saw Situ Nan and another Thomas with the same name as himself in the box, and said to himself: "These two guys have always been elusive and low-key, why are they rare to appear on the exchange today?"

Could it be that William Financial and Robles Securities have made any moves? ”

Soon he remembered the recent rumors of the break-up of Robles Securities, Livermore established the Demon Investment Company, which was well-funded, and should have the support of the son-in-law of the Mellon family.

Situ Nan was about to leave, and the entourage whispered in Thomas's ear, it turned out to be the president of Morgan & Co.

Thomas glanced at Situ Nan and asked if he wanted to go over, Situ Nan nodded and teased Thomas: "It's also called Thomas, that guy is much more famous than you!" ”

"Crocodiles in the water are the deadliest, aren't they?"

Thomas smiled faintly at this, William Financial Holding has no external business, and its reputation in the financial world is far less than that of Morgan & Co.

After meeting and greeting politely, Thomas. Rammond stared into Situ Nan's eyes and asked, "Recently, William has been singing about the stock market, are you planning any big action?" ”

"I won't tell you if there's a big operation, don't ask about the other party's secrets, it is said that this is a phrase circulating at 23 Wall Street." Stuart South whitened Thomas. Rammond smiled.

Thomas. Rammond's face turned pale, and his eyes staring at Situ Nan were more serious, no one on Wall Street for many years dared to speak to himself so casually.

Looking at Situ Nan's young face, he secretly said in his heart - this guy is really hateful!

But he didn't want to fall into the wind, raised his chin slightly, and said confidently: "Wall Street has no secrets about Morgan, as long as we want to know." ”

Situ Nan shrugged, looking like I don't argue with you, whatever you want.

Thomas. Rammond was a serious person, and his way of life was out of step with Situ Nan, who was not interested in nagging an old man, and left the stock exchange after a while.

When he walked out of the special room of the Morgan firm, Situ Nan suddenly turned around and asked: "Thomas, I had a dream yesterday, I said Peris. The RAND Corporation went bankrupt in a few days, and God said no, and then I replied to God that you wait and see! ”

One Thomas smiled faintly, nodded, and followed Situ Nan.

Leaving another Thomas looking at Situ Nan's back, his eyes were meaningful, and after recalling Situ Nan's words for a while, he said to himself: "It's nothing to defeat a shell company that an economist has made a fool of, Owen. Fisher is okay with books, and if he wants to play on Wall Street, he really can't stand a wave.

But it's not that simple, Robles and Livermore guys are probably going to make a mess! Not so long ago, the British siphoned off a lot of money from Wall Street...... Alas! ”

Thomas. Lamond's fears were soon fulfilled, and shortly after Stuart left, there were large sell orders on the stock market.

A Peris. The RAND Corporation's 100,000 sell orders were sold, and no one took over in the market.

"What? Another 200,000 shares? ”

A trader at the stock exchange picked up the phone, and when he heard the instructions coming from the phone, the phone's hand trembled slightly—today was really an unusual day, and there were big sell orders on the stock market one after another, and everyone on Wall Street felt it sensitively.

The trader looked up. Look at the stock market automatic release machine on the wall of the hall again. It's been a few minutes since I put up the sell order. The data had not yet been displayed from the automatic publishing machine, and his face was a little worried and anxious.

Maybe it's really time to complain about the manufacturer of the machine, IBM!

The delay in processing the results of the machine, the complaint against the manufacturer of the automatic issuing machine, seems to ring this voice in the hearts of the vast majority of traders on this day.

After ten minutes, the results finally came out, and Perris. The RAND Corporation's stock price fell to $1!

"Oh my God!" The trader opened his mouth in surprise at the result.

Just two big sell orders in the morning, directly put the economist Owen . The myth of Fisher's speculative financial market success was shattered.

Compared with transportation, steel, electrical, and automotive giants, this company is not worth mentioning. However, the situation of those blue chips on the Dow and S&P will not be much better, and they have all fallen to varying degrees, and the American Radio Company has fallen by 5 points at the beginning and is still falling.

General Electric's competitor, Cummins Electric, has just achieved dominance in the U.S. refrigerator market, occupying 6% of the market, and is favored by investors, but it still can't stop the stock price from falling, but it is not as bad as GE's.

"Boss, the professor has been killed!"

A high-achieving student who graduated from William University with mathematics, stood out less than a year after coming to Robles Securities, and was favored by Livermore to bring to the Devil Angel Investment Company. Suppressed his inner excitement and reported to Livermore.

The slightly trembling voice betrayed his cover-up, after all, not everyone has a chance to follow Livermore. And was entrusted with the important task of leading the shorting of a company!

"Hmm. Keep an eye on it, and you must not let him turn over. ”

Livermore said lightly, raised his head and nodded in affirmation to this high-achieving subordinate, and without a word of praise, he immediately lowered his head and looked at the New York Stock Exchange's market briefing.

Shorting a shell company that has nothing but an economist's mouth is not a big deal, if it weren't for Owen. Fisher-Price jumped out and blatantly attacked Robles Securities and Moody's Fitch Assessments for their stock market bubble views, and Livermore didn't bother to pay attention to him.

The mantis arm is the car, and the car doesn't care about the feeling of the mantis, Owen. Fisher was an ant at best.

So, he gave the task to the young man who had a talent for numbers.

Lucky young man!

The high-achieving student "hand blade" well-known professor has the effect of killing chickens and monkeys, and there is no more beautiful resume than this!

"General Electric has risen for ten years, but the performance in the past two years is not as good as Cummins Electric, in the refrigerator, radio, movie system market have been kicked out of the market by Cummins Electric, but the stock price and market value are overwhelmed by Cummins Electric, obviously the stock price is inflated, well, there is still room for operation.

However, GE is too large to operate, but GE's subsidiary, Radio America, has a lot of loopholes......"

Livermore's attention returned to the big picture of GE and Wall Street as a whole, and under his methodical command, the Demon Angel Investment Company struck in many places, gradually revealing its fangs hidden underwater.

In the first few days of October, several companies on the Dow were "named" by Livermore, and their stock prices fell to varying degrees.

U.S. Steel fell from $260 to around $200, U.S. Radio fell from $114 to $76, and General Electric shares were also dragged down by the stock market by more than 50 points.

Of course, the stock price has also fallen Cummins Electric, Bethlehem Steel Company, and other William companies, but the decline is not as strong as that of General Electric.

Situ Nan came to Robles Securities.

Speaking of the stock market turmoil in the past few days, he said to Robles: "Livermore did a good job, especially the economist who jumped out and sang a high note and flattened it on the ground, which made people happy." ”

Situ Nan paused and put away a smile, "Well, even the stock prices of Cummins Electric and Giant are falling, I think there must be a lot of brokers on Wall Street now, right?"

"Fortunately, we were prepared, otherwise we would be like headless flies now, looking for people everywhere to borrow funds."

Robles nodded, raised his head and looked at Situ Nan for a while, his eyes were a little complicated, and the development of the situation seemed to verify Situ Nan's prediction more and more.

Robles was glad and a little frustrated at the same time, couldn't he really win this guy once?

"Based on Wall Street's experience, is it possible that a new round of financing will not only survive the crisis, but also create a new round of prosperity?"

To put it bluntly, it is to borrow the new to repay the old, Situ Nan sneered.

In the last few years, Wall Street has done just that, and it's worked pretty well, so junk bonds are getting more and more junk.

If I didn't know that this year's stock market crash was terrible, even if God came and I didn't have the skills to return to heaven, maybe I would have given it a try.

Alert banks sell these bonds to investors, whether they are working-class, middle-class, or western farmers, who watch the stock price go up without knowing that the real culprit has emptied their pockets.

Situ Nan admitted that Robles Securities did a good job, and with plenty of funds, they at least didn't have to continue to invest in the stock market like the Citibank guys, otherwise they would lose money on their initial investment.

Situ Nan prefers to believe that this is due to greed, and except for William, all other consortia have hope and enthusiasm for Wall Street newspapers.

"No, no, No, Robles Securities has turned down funding opportunities for several large companies."

Robles laughed, "Actually, I have a plan to kill a chicken and have fun." ”

"Who is it?"

"Goldman Sachs!"

"Oh! It turned out to be the crazy company! ”

Situ Nan was noncommittal.

Goldman Sachs does the same thing as the economist above, only on a larger scale.

Wrap yourself up, and then speculate and speculate, and speculate the stock price, and the company that was originally only millions of dollars is almost over 100 million dollars!

"It's crazy enough, once the asset is securitized, the garbage may be sold as gold, but there are so many fools willing to take the bait."

Robles said, very confident, "I am confident that I can bring down the stock price of Goldman Sachs from $200 to $1!" ”。

Goldman Sachs is like a bubble, seemingly beautiful, but in essence vulnerable. However, this financial company has done a good job in the bill business, and may be a useful supplement to Robles Securities!

Robles thought so.

For Robles's decision, Situ Nanle watched the show, Goldman Sachs, Situ Nan knew too well, but in 29 years, it was destined to be a catastrophe, not only Goldman Sachs, but also thousands of companies like Goldman Sachs in the United States who wandered on the cliff for a while.

(Author's note: Now personal time is too fragmented and intermittent, and it took me a week to write this chapter.) I really want to have a free afternoon! (To be continued.) )