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Rebirth of the Godly Prodigal (Web Novel) - Chapter 1251: This Is a War!
Chapter 1251: This Is a War!
This chapter is updated by NovelFree.ml
While Tang Muxin and Li Nianwei kept busy among themselves, on the other side, Hong Dali was thinking over something else.
About the stock market crash forming a stock disaster this time.
As Hong Dali did not come back during this time, he didn’t know much about the stock market crash. After he met GM Ren, he began to find that something was really wrong.
“Ordinarily, a stock market should not be worth a 2,000 Achievement-point reward.” Hong Dali touched his chin. “How can this be salvaged? Pull up the index? Or make the stock price go up? Or stabilize the entire market? Or what? Something feels wrong somewhere. Although I didn’t trade stocks in the past, I’ve never heard of the stock market plunging in this manner.”
It was no wonder he was curious. This stock disaster was obviously manipulated, and he was almost certain that it was done by the gang leader. But no matter what, there was no need for the gang leader to mess up things in the place he lived. Unless there was a bigger agenda to it?
“Dali, quick. I found something very wrong.” As he thought about it, Gu Feifei walked out of the room. Once she saw Hong Dali, she lifted him up and went to the computer. Gu Feifei pointed at the K-line stock graph and said, “It’s obvious that there’s more than meets the eye. Someone must have secretly manipulated it!”
“Of course someone is secretly manipulating it. I’m almost certain that the leader of the Black Dragon Gang is behind it.” Hong Dali nodded, then said, “Then? What will happen?”
“Then, I can tell you responsibly that the consequences are dire.” Gu Feifei said slowly and sternly, “Do you know how much market value has fallen in the stock market in just a few days?”
“How much?” Hong Dali stared with his eyes wide open.
“Nearly 20 trillion!” Gu Feifei said, “I checked online, the total GDP a year for this country is only a little over 10 trillion. But the stock value fell 20 trillion in just two weeks! What concept is this?”
“F**k!” Hong Dali couldn’t help but swear. “Why haven’t I noticed this before? It seems really serious now!”
“Rubbish, that’s not the most serious!” Gu Feifei leaned on the sofa and said grimly, “Do you know what will happen if the stock market crashes? Remember I told you about the leverage funding forced to close?”
“Yes, right. Then?” Hong Dali asked.
“Leverage funding forced to close, a large number of stocks being sold causing a huge sell-off, which directly leads to the stock market’s plunge and liquidation of financing orders.” Gu Feifei said, “Once there is a crisis in financing orders, the stock market will continue to plunge due to a chain reaction. In fact, when the leverage fund plunges, the losses are personal and they will be forced to close. The real danger is when these people cannot even go into liquidation, what do you think will happen?”
Cannot go into liquidation? This…
“I’ve never thought of this. What will happen?” Hong Dali asked, “Economic crisis?”
“Bad debts in the bank will appear when they cannot go into liquidation. Simply put, they will not be able to collect back a large number of debts.” Gu Feifei nodded. “When they are unable to collect these debts, one has to mortgage something when they take a loan, right? I did a check. The easiest thing to mortgage is property. The bank will sell these properties in bulk. How can ordinary people purchase so many properties? Property prices will fall rapidly. If the properties cannot be sold, the bank cannot collect back the money. It’s simple. Even if one has money, they cannot withdraw money from the bank. Do you still need me to elaborate?”
“No, that will really be an economic crisis…” Hong Dali finally understood.
He had thought about this before, but now that Gu Feifei put it this way, it was obvious. Economic crisis ah, scary!
“Hence, the stock market this time is really dangerous. Very dangerous.” Gu Feifei sighed. “It’s not just a matter of the Bull or Bear market. It’s a war, a financial war!”
If things really happened as Gu Feifei said, major national projects would become ornaments, there would forever be no entrepreneurship, the society would enter a comprehensive depression. The economy would retreat ten years and people’s wealth would be wiped out. When the stock market fell to the bottom, a large amount of foreign investment would enter due to China’s forced opening. In the next few decades, citizens would then have to work for others and have their flock fleeced. Hong Dali would feel terrible after that. He felt afraid just thinking of the consequences.
Indeed, at this moment, the System announced its latest instructions—
“Salvage the stock market. Due to the critical situation of the current domestic stock market, the Host’s stay in the current dimension is extended from 24 hours to 120 hours. The cooldown time will be 48 hours. The Host is to manage his time carefully.”
…
In one of the most inconspicuous medium-sized county-level cities in China, in a villa near a small river.
Such villas could be seen all over the country. It was nothing special. However, this villa was strangely filled with computers, connected to countless network cables. No fewer than twenty people sat in front of them. At one glance, it looked like an internet cafe.
However, the ordinary scene of young people playing games in internet cafes did not appear. The people in this villa were of all ages, and several foreigners were constantly debating about something.
Among the crowd, a middle-aged man was resting on the sofa.
He was good-looking and had an inch-long scar on his right cheek. He was the leader of the Black Dragon Gang!
“Lone Wolf, did you find out who made the huge purchase today?” The leader rubbed his temples and asked a young man in his thirties, “If you haven’t found out, act on it immediately. We have done so much this time, we must not fail, understand?”
“Boss, this guy doesn’t seem to be from the officials.” The young man nicknamed Lone Wolf said, “We’re not completely sure who it is. He appeared so suddenly and disappeared after buying so many shares. There are no articles on the internet as well.”
“Rubbish,” The leader raged. “What can the internet tell you? Continue searching!”
“Yes, yes. I’ll try my best!” Lone Wolf gulped and quickly continued the search.
At this moment, the phone rang and the leader quickly answered. His tone was respectful this time. “Mr. Smith, en, there’s a little accident today, but rest assured, everything is under control. En, no problem. Yes, according to your request, starting from March this year, I have exchanged nearly 400-500 billion US Dollars into yuan at various underground banks across the country through various channels. Nearly 200 billion yuan were used to open a finance company to provide 1:4 funding for individual investors or leverage of 1:5. The remaining 200 billion yuan were allocated four to five times the leverage on our side. When we entered the market at 3,200 points, our funded 200 billion yuan was amplified to 1 trillion yuan. Five hundred billion yuan went into the Growth Enterprise Market and 500 billion yuan went into the China Securities Exchange 500. We also had stocks from self-funded companies worth trillions. These stocks became highly profitable and the market rose to more than 5,000 points. I can guarantee there will be no problem this time.”
The person on the other end of the phone appeared satisfied with the arrangements made by the leader. “Alright. Remember, we can only succeed. I will allow no failures! According to our plan, when the market rose to more than 5,000 points, half the stocks were sold when you got news of the leverage clean-up. The stock market then began to plunge. We finally achieved this stock market fall after short selling the shares with 100 billion. If you fail, you should know what will happen, right?”
“Hahaha, I understand. Of course I understand.” The leader laughed. “At the time when the stock index point began to fall from 4,700 points down, I directed everyone to sell Growth Enterprise Market (GEM) stocks at the same time, resulting in a huge decline. There were no buy orders on the GEM. The next day, we continued to suppress the GEM, causing many fund buyers to redeem the funds. But the GEM hit the limit down, leaving them no choice but to sell China Securities Exchange 500 (CSI500) stocks. This made the CSI500 hit the limit down continuously, resulting in the automatic closure of over-the-counter trading. The stock market crash was formed in this way. Hence, I think I’m doing it correctly. What happened today was just an accident.”
“Hopefully, things happen as you say.” Smith nodded. “Although the stock market trend is very strong today, the stock prices should be forced down tomorrow. Watch carefully during this period of time. The stock index must not stabilize. You must continue to push it down! Once the stock market crashes, the chain effect it’ll cause… do you understand?”
“Of course I understand. Haha. If not for this, why would I participate in this so enthusiastically?” The leader laughed and said, “Once the stock market crashes and the financing orders are liquidated, the bad debts in the bank will accumulate and a financial crisis will form. Even if one had money, they won’t be able to withdraw it from the bank. Hehe. The financial crisis will put the country in turmoil. That will be the time for me to come to power.”
“That’s right. Hence, you must not mess up this time.” Smith said slowly, “With the financial crisis, we will support you to power. What happens next will depend on your performance.”
“I understand. Don’t worry.” The leader laughed for a while, then hung up the call.
It became busy in the room again. The leader touched his chin excitedly and laughed. “Aiya, to be honest, it feels really good robbing the stock market. It’s much better than what I used to do. Just in a few months, hundreds of billions of funds will come to me, haha. So what if the stock market crashes now? My funds will be transferred out long before the financial crisis. At that time, I will be able to get whatever I want. Who will be able to stop me then?!”
