Chapter 892: Tsunami [3]
"It's all over. Mr. Williams took a sip of wine as he sat yesterday with Bedford and many others at the trading house to discuss how to deal with this sudden disaster. In the process of trading in the stock market, it is rare to lose all your money if there is a huge loss in time.
When a stock falls from 10 dollars a share to a dollar a share, the price has evaporated by 90 percent, but after all, there are still 10 percent. As long as it is not delisted, there may be a day to get back up.
But the problems facing Atlantic Chemicals and the Atlantic Consortium are far from being as simple as a huge decline, they are finished. The Atlantic consortium is suspected of falsifying the financial reports and operations of a number of companies, and the company's top management has been arrested except for those who have fled, and an unprecedented huge financial scam has been unraveled at the tip of the iceberg.
Atlantic Chemicals and other stocks could not be on the trading board, they were completely delisted, and all investors lost their money. What's even more troublesome is that in order to capture this round of market, Mr. Williams not only gambled everything he had, but also borrowed a large amount of money. He was overwhelmed by the weight of debt, he was bankrupt, he no longer had the cost of operating, and it was almost impossible for him to get back up in such a situation.
There is nothing Bedford and his stockbroking firm can do about it, and the only thing they can do is to ask everyone to stop making blind trades for the time being, and wait for the federal government's next bailout move. When the financial tsunami passes, things will gradually get better, and that's the only thing they can do at the moment. Of course, this is inherently indiscriminate, because the fear of constantly selling stocks will only make the financial order more chaotic and meaningless. Since you've lost a lot of money, why not try to wait a while, maybe there will be some turnaround.
The price of stocks, the price of futures, and the exchange rate of currencies are all "expected values" in the final analysis, and when everything passes, the national economy recovers, and the national confidence increases, and one day it will get better.
But this does not include Mr. Williams, and a significant number of others, whose money for financial investment does not come from their own assets, but through private financing and borrowing. Behind this money is most likely to be a terrible interest, or fatal is also necessary liquidity, or even misappropriation of the company's money. They don't have time to wait for everything to get better slowly, because before it gets better, they rot.
Millions of dollars in loans could not be repaid, and Williams's life was completely shrouded in darkness, including his family. The whole family has to crawl slowly in the dark, from the once rich to the homeless who are not even as good as the poor in the lower city. They don't even have the money to buy food, they have to go and beg.
His property and all his assets had been sealed and requisitioned this morning, and he had a day to leave his house and was not allowed to leave with anything other than the clothes he was wearing, and he could not find the value of continuing to live. Perhaps only death is his true destination. He had already signed a divorce agreement with his wife, and in the agreement he took all the debts on his shoulders. He dragged the family from light to darkness, so now the only way is to end it all through death. When he was moved into the morgue, his wife and children had a chance to get back on their feet.
I took another sip of wine, thinking back on the glory of the past years, everything was like a dream. A day ago, he was still dreaming of going on vacation abroad and enjoying the warmth of the sun in the cold winter. A day later he sat here, watching the streets wander around like walking corpses without souls, with only shells left, and suddenly burst into tears and laughter. The bottle in his hand slammed into the street, shattering into many pieces with a bang, and the numb people didn't even look up, and continued to walk weakly, aimlessly looking for direction with a heavy heart.
"I'm sorry, brother. He turned around and hugged his brother-in-law, his expression was very sincere, "I'm sorry for you, I wasn't good enough for you in the past, I know I'm just a bastard." I now realize my mistake, yes I'm a jerk ......", the hug didn't bring any warmth, but it gave him courage, "I don't know if I should persuade you to go back to the street from here, that's your choice, but I have to say I have to get out of here first." If you decide differently, remember to take care of my family and tell them I love them!"
He let go of his arms and his body softened naturally, sliding down the edge of the rooftop. The raging wind ruffled his clothes, hunting rattled, and his vision blurred from his wind-blown hair. He closed his eyes slowly, and he did, paying for all his mistakes.
There was a bang, right next to the shattered bottle, where he was lying. Blood slowly spread down the gap between his body and the ground, and the crematorium staff who had been here for a long time did not give him a snow-white stretcher, nor did the ambulance give him any necessary resuscitation, he was packed into a woven bag specially used to hold the body, and then dumped on a truck, and stacked with more woven bags .......
Mr. Williams's actions were like a clarion call, with successive men jumping from the high-rise buildings surrounding the two major exchanges, and some of them, like Mr. Williams, borrowing a lot of usury through mortgages, and some embezzling money from the company. They don't die now, and they can only live in endless despair in the future, slowly waiting for death to come in torment. Perhaps it is a relief, but also a cowardice with courage, escaping the punishment of reality and leaving grief for the people they love most.
The sudden financial tsunami continued to ferment, and from the afternoon of November 24, demonstrations took place in major federal cities - a large number of workers who had lost their jobs took to the streets organized by trade unions, and the unprecedented prosperity of the financial markets caused many small and medium-sized enterprises to reduce their production and invest more money in the financial markets. But the effects of the sudden collapse of financial markets have brought more companies to the brink of bankruptcy and more workers have lost their jobs. In order to fill their stomachs and fight for their own rights, they took to the streets.
Everything became chaotic after the first worker who angrily lost his job smashed the glass curtain wall of the store with his head and snatched something necessary for life from inside. Columns of smoke rose in almost every city, and humble speculators, gangs, and furious workers who had lost their jobs and had no money to feed their families began to wreak havoc under the influence and leadership of some people. They trampled on the rules and order of society, the crime rate suddenly increased several times, and the entire federation seemed to fall into madness before the end came!
In the face of such a harsh social environment, the federal government issued several press conferences in succession, and agreed to work with all federal consortia and capitalists to save the country. Perhaps these news had brought some effect, and the federal shield, which had plummeted by 17.8 percent, had some support and did not continue to dive.
On November 25, in the past 48 hours, the federal government, the Coalition Parliament, and all the consortiums and capital forces of the federation have made a joint decision to re-energize the financial economy of the federation and prevent the conspiracy of some conspirators with ulterior motives from succeeding. The Commonwealth Bank will unite more "knights" to save the current situation. The news did do a trick to ease the situation and make some people start to have confidence in the federal government's bailout!
"Good Morning" even claimed that this was just a "technical" adjustment, and at the same time put all the blame on the Atlantic Consortium, believing that the Atlantic Consortium was an important pawn from hostile forces lurking in the Federation, and by detonating this important link, the Federation's financial order was shaken, and then a series of rumors and illusions were created to make people panic, distrust and fear the Federation's financial economy, and with the help of the Federation's people, they completed the sniping plan. The Federal Financial Regulatory Commission announced overnight that in order to stabilize the market, promote the restoration of financial order, and reduce the herd effect caused by the spread of panic, it will close the two major trading houses until they think they can reopen.
On November 26, the federal government announced that it would raise the amount of funds used to save the world to 80 billion, and the joint efforts of all sectors of society have created a fund reserve of 100 billion federal to save the current decline. After a series of plunges, the federal shield rose by three percent before the close, and a large amount of money was used to take over the federal shield, but the Commonwealth Bank hid an important problem, their foreign exchange reserves were insufficient.
On 27 November, the Imperial Foreign Office suddenly issued an international statement that it would establish friendly diplomatic relations with the five countries and help them build their economies and recover from the aftermath of the war. As it happens, these countries are the same small countries that have signed a series of cooperative relations with the Federation and have received a lot of economic assistance. This move undoubtedly heralded the entry of the behemoth of the Empire into the financial war against the Federation, and with the unanimous approval of the Imperial Cabinet, the Ministry of Foreign Affairs exchanged the already worthless Union Shield from these countries with a strong star dollar, and then joined the ranks of selling the Union Shield.
This move made the Federal Shield, which had just improved a little, plummet again!
At the same time, more problems began to erupt and spread within the Federation!