"So for now, my idea is to continue to increase our efforts. We must ignite panic in the market and completely uncover the weakest and rotten joint under the U.S. economic system before U.S. officials or Wall Street take action to save themselves."
After Li Jin finished speaking, the young prince nodded slightly and said: "I think we can also provide some appropriate guidance on public opinion. After all, ordinary people cannot understand overly professional financial terms and figures."
"So, we must use the simplest and most straightforward way to let them understand that the house they bought with a loan may really be worthless."
Li Jin chuckled and said: "This proposal is very good. I have made relevant arrangements, but it is not enough for me alone to cover the public opinion, so everyone sitting here can mobilize the resources on hand.
."
The young prince and others looked at each other and smiled and said, "Of course we will do our best."
Just as Li Jin and his partners gathered in the command room to discuss the next plan of action, they were in the office of the president of the Federal Reserve Bank of Washington, DC.
The large office decoration is retro and calm, and the most conspicuous ones are the iconic stars and stripes flag and the logo of the Federal Reserve Bank.
Standing in front of the clear and transparent window, Greenspan's deep eyes were full of solemnity.
"This rainstorm came too fast."
Looking up at the gloomy sky, Greenspan spoke slowly.
Behind him, Vice President Janet came forward, stood behind Greenspan and said: "The weather forecast said that this heavy rainstorm will last for several days, which is not good news for many people.
"
"Yes, I originally made an appointment with my family to go on a camping vacation this weekend, but it seems that I have to cancel this plan."
Janet said worriedly: "President, I'm worried that many people will not be able to persevere in this heavy rain."
"Li Jin has captured our destiny."
Greenspan's eyes suddenly burned with anger, and he said in a deep voice: "I have long told those idiots in Washington that the current economic policy will put a heavy burden and huge hidden dangers on the United States, but
Those damn idiots have no way of looking at the long-term future."
"For them, as long as during their term of office, the United States remains great, the economy is still prosperous, and it remains the core of global politics, military and economy."
"But this kind of short-sightedness will sooner or later end the game for the United States."
Greenspan turned to look at Janet and said in a deep voice: "If this problem is not handled well, the tall buildings of the American economic system will collapse."
Janet only felt her scalp numb.
Greenspan is the founder of the hegemony of the US dollar, and his status in the national and global economic circles is unparalleled. Therefore, in Janet's mind, Greenspan is almost synonymous with invincibility.
But at this time, her idol said such pessimistic words, which Janet could not accept.
"The video conference between the President, Minister Hamilton, Soros, Lei Manmeilin and other investment bank chairmen is about to begin. I think it is impossible for a businessman from China to cause the U.S. economy to collapse."
Greenspan shook his head and said: "You still don't understand. It is indeed impossible for Li Jin to collapse the U.S. economy. Not to mention Li Jin, even the Chinese officialdom cannot do this. No country or individual in the world can do it."
A little, except for one country.”
"That's the United States itself."
"This is a problem with the U.S. economic system itself. Li Jin just exposed this problem in advance."
"The root cause of the subprime mortgage crisis is that a large amount of super-generated hot money in the United States has rolled into the market. In order to maintain economic growth and satisfy the appetite of this group of businessmen, all American people are buying houses and taking loans, and they will continue to buy houses and take loans."
"It's like a domino steak. Once one of the dominoes falls, a series of chain reactions will cause the entire building to collapse."
"Once Li Jin continues to short-sell the subprime mortgage market, then subprime loan products will become worthless, and those subprime loan companies that borrow bank interest will face pressure on principal and interest."
"The collapse in loan product prices will directly affect the value assessment of housing credit by banks and subprime lending companies."
"Once its value drops, housing prices will collapse. Once housing prices collapse, people will find that the market value of the houses they buy is far less than the loan they need to repay to the bank, so a large-scale wave of supply cuts will come."
“When large-scale defaults occur, banks and subprime loan companies will be unable to recover the principal and interest lent, which will lead to the continued depreciation of subprime credit loan products.”
"The more it depreciates, the less people buy it. The more people don't buy it, the more it depreciates."
"This is an endless cycle."
Greenspan's tone became more serious. He walked towards the door of the office and said: "I must go to Washington immediately. You can participate in the video conference there on my behalf."
Janet quickly asked: "But if they ask for help, what will I say?"
"Let them find ways to save themselves. Before getting authorization from Washington, neither I nor Hamilton can help them. Capital matters must be solved with capital."
After Greenspan said these words, he left the office directly.
Janet sighed helplessly, turned to look at the window where Greenspan had been standing before, and saw that outside the window, there was already a downpour.
The heavy rain has already started.
But at this time, Li Jin, who had just had supper and was about to take a break during the half hour of secondary market transaction settlement, received an unexpected guest.
From the command room to his office, Li Jin saw two tall white men waiting in the reception area.
"Hello, Mr. Li, I am Welling, the Asia Pacific President of Forbes Magazine."
The leading man stood up politely and sent the photo to Li Jin with a smile on his face.
Li Jin took the photo with a smile and glanced at Wei Ling with a meaningful look in his eyes.
In his previous life and when he was just reborn in this life, Li Jin often fantasized about when he would be on the Forbes rich list.
But now, this opportunity has really come, and the president of the Asia-Pacific region came to visit in person, but Li Jin, whose horizons and knowledge have broadened countless times, only feels that it is boring.
"That's it, Mr. Li, this year's global rich list will be updated soon. After our inspection and calculation, you have become the richest man in China with a net worth of US$46.7 billion, and you are ranked ninth in the global rich list.
Bit."
Welling said directly.
Li Jin said with a smile: "I haven't even calculated how much my assets are, but you calculated it so clearly?"
Welling said helplessly: "Because Jinqing Company itself is not listed on the market, we cannot estimate your exact net worth."
"But what is certain is that once you list Jinqing Company, your net worth will skyrocket at least 10 times, which is very likely to make you directly become the first Chinese richest man in the world."
Raising his hand to stop Wei Ling's words, Li Jin raised two fingers and said, "Two million, take me off this pig-killing list."