"Okay, everyone, we have solved the most important problem for the time being."

Little Morgan took a deep breath, looked at the banking tycoons behind the screen, and said softly

"Now, we must come together to save our country."

"For the free world!"

57. Capital depression

In just ten hours, the world's largest capitalist country actually experienced a real 'proletarian life'.

The capital that penetrated into all aspects of the country suddenly disappeared without a trace in a very short period of time. From finance to entities, these factors that were originally highly integrated with the country were completely eliminated with the forced expropriation of interest compounding banks.

Capital disappeared, but what it brought was not happiness, but greater turmoil and riots.

Even though at the seventh hour, Morgan and other banking giants had united to establish a legal banking consortium and redeemed Mac Donnell's contract from Qiming, the scale would disappear before the worst of the situation. It is limited to 16 trillion.

But some things lost cannot be recovered in a short time.

They redeemed their property, redeemed the army's weapons, and redeemed the police's equipment - purely because most things were not 'valuable'.

Valuable but unimportant things such as gold, land, scientific research results, precious metals, oil, etc. are still 'detained' by interest rate banks.

But no matter what, in the face of this huge crisis, the response speed of the Free Beacon can be considered very fast.

Even if the government's own credibility has completely collapsed, and even if the problem is temporarily contained, the national riots that have been triggered are still a severe blow to the country's internal affairs - but the fully taken over government and the banking complex, Still suppressed the problem forcefully.

The secret establishment of the Lighthouse Bank Consortium caused terror and crisis for the government, but as Morgan Jr. said, they had no choice.

The leader of this government does not even have the courage to oppose, because he knows that his resignation is destined, and they need the unity of these capital tycoons to save his country!

Either they don't cooperate with the bank and watch the bank explode and the various industries that are deeply tied up are taken away by the interest rate banks to pay off debts, or they hold their noses and admit it, and then work with them to slowly suppress this matter!

Obviously, the government can only choose the latter.

They took over the debt, led by the Morgan consortium, and a banking consortium established by several chaebols. On the one hand, they first appeased and suppressed the police and military systems, and on the other hand, they continued to let the Federal Reserve print money frantically, and then handed it over to the banking consortium. After working to give it a 'value' in the market, the money is used to curb the expansion of debt.

In fact, after all, this is a dead debt. Without anyone to continue to play currency hedging with them, solving it is never a problem.

The only problem is that it is too big - but even a deficit of 16 trillion can be made up slowly as long as enough time is spent.

Don't underestimate these families that have been in a dominant position since the founding of the Lighthouse until now. Their cash reserves may not be that much, but the gold they once plundered from Europe, the oil they plundered from the desert, and the money they plundered from the people of their own country Land - these are huge numbers with real value.

16 trillion may be unbearable for them, but it is not completely unbearable. At least when the debt is re-accumulated and eliminated, their joint and operational space has given them the opportunity to activate the nuclear-powered money printing press and then offset the debt.

After all, the money printing press and the right to issue new currency are still in their hands. As long as the compound interest banks have no holders to play with them, they can certainly suppress the problem.

Of course, the damage has been done. There is no possibility of suppressing the riots until now. The government's support rate has dropped to freezing point. A large number of people died tragically in the riots. The entire country's foreign debt system is no different from collapse.

In order to move the currency, they have caused inflation in the entire market to skyrocket to an exaggerated level, and the foreign exchange value of the US dollar has also plummeted crazily.

But at least they are still alive, and they have at least redeemed their unique military power - as long as this is there, there is still room for solving the problem.

As for Qiming, this performance is indeed not as exciting and interesting as the previous two times.

Even for most of the fun-loving viewers in the live broadcast room, the final scene of Qiming's performance was not as exciting as when Mike turned into an armored angel and fought with the police.

Of course, the various performances that followed the live broadcast and the "beautiful scenery" seen on the news every day really satisfied most people, but the excitement was still lacking.

But people who knew it was true, and who clearly understood the magnitude of what was happening—all realized the enormity of the devastation.

Even if they forcefully settle the debt and suppress the internal unrest, some seriously injured things cannot be repaired.

(ii) five five five nine five э zero zero

A huge amount of money flows into the market. Even with the joint control of all banks and governments to ensure that every fund flowing into the market from the Federal Reserve will be "laundered" in a few seconds and sent to the banks to be collected by banks with compound interest rates. But even a process of a few seconds can have an impact.

A pebble dropped into a silent lake will create ripples, let alone finance?

The surge in prices is inevitable, and it is foreseeable that the subsequent depreciation of the US dollar, chain reactions in the world economy, and people's riots within the country are also inevitable results.

And everyone must bear the consequences.

Although the world economic situation in the past has already begun continuous decoupling under the 'wise leadership' of the former leader of the Lighthouse, the US dollar still plays the role of the world's currency leader.

World economic and trade is an extremely complex issue. Take a simple export as an example - even though it seems counterintuitive, Free Beacon is indeed the world's largest food exporter.

The chain effects of massive inflation and severe economic damage will inevitably increase the price of grain exports.For some countries that must rely on lighthouse food imports, it also drives up their country's prices.

This is just one aspect. As a dynamic model that changes frequently, the complexity of understanding and calculation of the economy is beyond imagination. What is certain is that a huge financial tsunami is sweeping the world!

The direct knock-on effects of the economic crisis can even appear at the level of war - the regime supported by several lighthouses in the desert has already experienced serious internal changes after the financial tsunami.

Some regimes have even been overthrown, but the Free Beacon has failed to respond at all. There is no doubt that such a forced show of weakness will only lead to a greater chain reaction.

But they had no choice. Even if the Free Beacon had regained the initiative, it was still a paralyzed giant who had been struck.

They even had to forcibly shrink some of their global strategic bases, abandon plans that had been laid out for decades, and exchange strategic shrinkage for time to lick their wounds.

But in a sense, this is also a courageous act of a strong man cutting off his wrist.

The only thing to be thankful for is that if he is unlucky, others must also be unlucky!

The collapse of a super economy does not mean its own demise. Other individuals connected by its huge structure will also suffer equally heavy losses!

Almost all countries and all businesses associated with lighthouses began cutting rapidly!But even so, the world-scale financial tsunami still caused huge harm. Even the long-decoupled Pan-Asian Alliance has experienced considerable but equally silent financial fluctuations.

I say quietly because the existence of the 'salesman' has not yet been fully disclosed.Because after all, it has only been about 24 hours since the debt crisis occurred.

Although these 24 hours can almost drag the economy of a country and even the world into the abyss, the lack of time gives the unified government and capital the opportunity to exert strong suppression and cover-up.

Perhaps exposure is still a matter of time - but no matter which government it is, it will not want the existence of salesmen to be known to the world faster.

After all, that means telling everyone who lives at the bottom that even if the chance is slim, you may indeed have a chance to overturn the world.

The matter was simply covered up and turned into a huge financial crisis, but the entire Free Beacon still had to respond on an objective level.

Faced with huge debts, the banking consortium and the government are naturally constantly looking for external transfer possibilities while eliminating debts - but unfortunately, there seems to be no 'fat pigs' around that can be harvested.

Even though their financial tsunami spread across the world, and at the same time thousands of foreign exchange speculators and countries with which they had deep economic cooperation experienced economic collapse and war, these were never issues that attracted worldwide attention.

Even if there is an internal change in a small country that you have never heard of, the news value is not as eye-catching as a sneeze by the leader of a big country.

After taking back the knife, Dengfeng looked around with red eyes for a fat pig that could take their plate. However, looking around, they either didn't want to be taken advantage of, or they were not big enough. In the past 20 years, they had harvested a round of Eurasian pigs. Today, as a beacon of freedom, there is no fat pig to be cut as far as the eye can see.

You mean Africa?Haha... let's talk about developing Antarctica.

The continuous fluctuations and destructive power caused by the last stock market crash are still lingering in the aftermath, and this time the crisis seems to be countless times greater than the last time. Only a fool would step in to take over!

16 trillion was cut out of thin air. Even if this value was continuously reduced later with the cooperation and debt collection of major banks, it still took a lot of time to complete the hedging - even if the nuclear-powered money printing machine was turned on, it would still take a lot of money. There is no time to print, let alone time to flow into the market.

After Comparison Bank recognizes and recovers these currencies, it is estimated that this 'game' will also end due to the death of the holder.

After all, the 'salesman' is obviously not a very boring person, or he doesn't have the habit of deliberately using props to actively toy with human beings.

And even if there is - what can you do?Since there is definitely no way to resist, it is better to do what you can do as much as possible.

The method to break the situation is always simple and can be completed without much time and cost, but——

Economics has never been such a simple matter. Even accounting is not as simple as addition and subtraction.

Under the debt crisis, another harsh reality that the Free Beacon market has to face is capital flight.

The performance of the economy is reflected in the market, and for this era, the market is almost equivalent to the stock market, and what is the essence of the stock market——

Is it telling a story?Is it a nonsense concept?Is it performance value?

No, the essence of the stock market and finance is national credit.

No matter which country or form the stock market is, it is essentially a virtual trading market endorsed by national credit.Its essence is no different from virtual currency, except that the national credit is more trustworthy.

And once the country's credit collapses, such as the thunderstorm in the lighthouse insurance industry caused by the bankruptcy of Lehman Brothers, when the market value of [-] trillion evaporates, it will naturally trigger large-scale runs and sell-offs, leaving the stock market in stagnant water.

This is like flipping houses - you use your credit to flip something worthless, and once everyone knows that your credit is over, no one will be willing to buy it. bought.

If you don't buy it, I won't buy it. Everything will fall to its proper height - even if you drag it hard, it will be useless, because the act of dragging it hard itself is a sign of extreme lack of confidence.

The 38 trillion that evaporated this time represents capital’s worries and fears about the lighthouse investment environment, and the characteristic of capital seeking advantages and avoiding disadvantages will make them flee the center of the storm as soon as possible.

Especially when the stocks held by big banks such as Morgan evaporate out of thin air - which of these investors is not scared to death?

Capitalists, who were afraid that they too would be targeted by gods and have their entire family's assets evaporate with a wave of their hands, took their capital to safer places.

The first reaction caused by the flight of capital is a massive wave of unemployment. Regardless of the sharp reduction in tax revenue, the vicious impact of just one wave of unemployment is enough to make those in power have two big heads.

They need to spend a lot of time to solve the people's riots. Even though the consortium of capital groups headed by Morgan has taken over Mike's debt from Qiming and started to work with the Federal Reserve to print money to repay the debt, the actual credit collapse It has been achieved.

Not to mention the first effect of the downturn in the stock market, Wall Street and the streets of New York have always been raining with people these days.

A large number of bankrupt and unemployed bankers and securities personnel committed suicide by jumping from buildings, but this was what they deserved.When you play this game of passing the drums and passing the flowers, you should have the awareness that your family will be destroyed.

For those fleeing capital, Europe and Asia are always the first choice. Under the premise that the original free lighthouse market is not safe, even local capitalists will start large-scale assets under the instinct of seeking advantages and avoiding disadvantages. transfer.

This is just like the EW war that started last year. The first target of European capital flight is the lighthouse, and the second target is the Pan-Asian Alliance.As a result, there is a situation where UW is fighting fiercely, Europe is in dire straits, and the two major countries are silently cannibalizing capital from behind.

And now, the same situation has happened to me, what is the reaction of the Free Beacon?

There was no reaction—or rather, it was not time to react yet.

They must now concentrate on solving internal problems. The major chaebols must work hard to negotiate and cooperate sincerely to form an offensive and defensive alliance like during World War II - and then work together to smoothly solve the 16 trillion deficit.

Opposite the almost abolished government is a rising, unprecedented giant financial aggregation.

This emerging asset federation fully demonstrated the superiority of the bourgeoisie over bureaucracy, at least in terms of efficiency. The asset federation that acted decisively and resolutely saved themselves in fact.

This game has objectively eliminated the possibility of Free Beacon's aggressive expansion in the short term. The incompetence of the military and political system in this process has further reduced their power to the theory of capital alliance, and at least it is visible For at least half a year, the country could only remain silent.

They must spend a lot of time solving economic problems while suppressing internal unrest, such as those dangerous 'ists' who have taken advantage of the current economic collapse environment to emerge.

As for the people's happy life, those are small things that can be solved incidentally after they solve these problems.

Not to mention that after this turmoil, not only did the country's development go backwards for several years, but a large number of positions were also vacated.

Just fighting for these things obviously takes a lot of time.

For those younger countries that dare to accept the fleeing capital, settling scores after the fall is inevitable.However, no one knows how long the boss will have to lick this wound.

But as a country, they can't say how happy they are in this disaster.Because unless it is a capital system that completely controls the political power, any normal political power that has control over its own capital will be required to improve their 'social responsibility' in the strongest possible manner.

Specific manifestations include increasing the minimum wage, increasing overtime pay, reducing overtime hours, protecting employee benefits, etc.

Of course, the regime itself must also reduce taxes, but it cannot cut the wages of low-level civil servants.Therefore, the knife can only be used to cut down on a group of people who are originally out of reach.

What?You said you couldn't cut it down.

Yes, how can a person cut his own hand with a knife?But if I tell you that if you don’t cut with this knife, you may not be able to save your entire hand one day, will you cut with the knife or not?

As a result, a large number of profit-sharing behaviors appeared again, and this indirect action actually directly improved the people's happiness index.

Even if it is forced, giving away profits is still the most direct way to improve people's happiness index.

Take the Pan-Asian Alliance as an example - after several consecutive payments and the relaxation of the room price limit policy, the people's happiness index has increased visibly to the naked eye.

This may still not cure the root cause, but at least it is a change for the better to a certain extent.

In this financial tsunami that has affected the world and is also a feast of capital transfers, apart from the country, there are still two groups that have made the most profits.

Financial depression does not mean the decline of capital, it may just mean the rise of new behemoths.

They are--

Occupying the entire Chongsakura, the Shinomiya family was a conglomerate of the four major chaebols in the past.

Already occupying the entire Europa market area, located in Paris, is known as the 'Charlemagne' of the new century, the Abstergo Company!

The giant beasts that are different from the 'country' have gradually stretched out their fangs and claws.

58. Team Leader Zheng’s report

Although he did not get any chance to show off during this anomaly crisis, Team Leader Zheng still received praise and praise from his superiors.

Maybe he didn't do anything - but compared with the suffering that the lighthouse has suffered at the hands of the anomalous object contactee, it seems that the anomalous affairs investigation bureau of Team Leader Zheng performed well in the last contact.

Although a city was nearly destroyed, although serious murders were caused, although billions of dollars were lost, and thousands of people were killed and injured——

But at least they didn't turn their country into a semi-crippled state!

Some people may still be dissatisfied in the past, but now, looking at what happened to the lighthouse, I just feel that Team Leader Zheng and the others handled it very well!

Two vivid examples of what kind of destruction an out-of-control anomaly possessor can wreak with those outrageous props are enough to make even the most arrogant person learn humility and honesty.

This also made the above re-examine the relationship with the holders of the abnormal objects - if in the past they still had a natural contempt for individuals as violent institutions, then now they must learn to be humble.

Maybe the individual who got the anomalous object is still an ant to them - but an ant standing on the switch of the galaxy's destruction bomb is another matter.

Team Leader Zheng was very happy, but he was not happy at the same time - because his proposal still did not get the results he wanted, at least he did not receive a clear order for rectification.

In response to the terrifying ability of Abnormal Object No. 002's "Compounding Interest Bank", the government relaxed several policies under forced orders and offered profits to the bottom class. However, the social problems listed by Team Leader Zheng still have not been effectively resolved.

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