Cosma Empire
Chapter 892 Tsunami [3]
"It's all over." Mr. Williams breathed out his alcohol. He sat down with Befort and many people in the trading house yesterday to discuss how to face this sudden disaster. In the process of trading in the stock market, it is rare for a huge loss to be lost in time.
A stock fell from ten yuan a share to one yuan a share, and 90% of the price evaporated, but after all, 10% still existed. As long as you don't delist, maybe there will be a day to get back up again.
But the problem facing Atlantic Chemicals and the Atlantic consortium is not as simple as a huge decline. They are finished. The Atlantic Consortium is suspected of falsifying the financial reports and operations of multiple companies. All the top executives of the company have been arrested except those who have fled. An unprecedented huge financial scam has solved the tip of the iceberg. Knowing more, it also makes people feel more and more hopeless, everything is really over.
It is impossible for Atlantic Chemical and other stocks to appear on the trading board. They have been completely delisted, and all investors have lost their money. What's more troublesome is that in order to capture this round of market, Mr. Williams not only bet everything he had, but also borrowed a large sum of money. He was overwhelmed by the heavy debt. He was already bankrupt and had no operating costs anymore. Under such circumstances, it was almost impossible for him to get back up.
Befort and his stock brokerage company can do nothing about this, the only thing they can do is to tell everyone not to make any transactions blindly for the time being, and wait for the next rescue measures of the federal government. After the financial tsunami passes, everything will gradually get better, and this is the only thing they can do now. Of course, this approach cannot be wrong in essence, because the constant fear of selling stocks will only make the financial order more chaotic, and it is meaningless. Now that a lot of money has been lost, why not try to wait for a while, maybe there will be some turning points.
Stock prices, futures prices, and currency exchange rates are all "expectations" in the final analysis. When everything passes, the national economy will recover and national confidence will increase, and it will get better one day.
But this does not include Mr. Williams, as well as a considerable number of people. The money they use for financial investment does not come from their own assets, but money obtained through private financing and loans. Behind this money is very likely to be horrible interest, or fatal and necessary liquidity, or even misappropriation of company funds. They don't have time to wait for things to slowly get better, because before they get better, they will rot.
With millions of dollars in loans that could not be repaid at all, Williams' life was completely shrouded in darkness, including his family. Their family has to crawl slowly in the dark, from a rich man to a homeless man who is not even as good as the poor in the lower city. They don't even have money to buy food, so they have to beg.
His real estate and all assets have been sealed and confiscated this morning. He has one day to leave his house and is not allowed to leave with anything except the clothes he is wearing. He cannot find the value of continuing to live. Perhaps only death is his true destination. He has signed a divorce agreement with his wife, and in the agreement he has assumed all the debts, and he has taken all the burden on his shoulders. He has dragged this family from light to darkness, and now the only way to end it all is through death. After he was moved into the morgue, his wife and children still had a chance to stand up again.
Taking another sip of wine, recalling the glory of the past years, everything seemed like a dream.
A day ago, he was still thinking about going on vacation abroad, enjoying the warmth of the sun in the cold winter. A day later, he was sitting here, looking at the people wandering around in the streets like walking corpses without souls, only their shells left, and suddenly wept and laughed out loud. The wine bottle in his hand fell fiercely to the street, and shattered into many pieces with a bang. The numb people didn't even raise their heads, and continued to walk feebly, looking for direction aimlessly with a heavy heart.
"I'm sorry, brother." He turned around and hugged his wife and brother with a very sincere expression, "I'm sorry for you, I wasn't good enough for you in the past, I know I'm just a jerk. Now I realize my mistake, Yeah I'm an asshole...", the hug didn't bring any warmth, but it made him brave, "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 loosened his arms and his body became soft naturally, and he slid down from the edge of the roof. The raging wind flapped his clothes, making a rattling sound, and his hair was tousled by the wind, blurring his vision. He closed his eyes slowly, he did it, and paid for all his mistakes.
With a bang, he lay there next to the shattered wine bottle. Blood slowly spread from the gap between his body and the ground. The crematorium staff who had been preparing here for a long time did not give him a white stretcher, and the ambulance did not give him any necessary rescue. It was packed into a woven bag made for dead bodies, and then dumped on a truck to be piled with more woven bags...
Mr. Williams' actions were like a clarion call. Successors jumped off the high-rise buildings around the two major exchanges. Some people, like Mr. Williams, borrowed a lot of usury through mortgages, while others It is misappropriation of company funds. They are not dead now, and in the future they can only live in endless despair, slowly waiting for death to come in torture. Perhaps this is a kind of relief, but also a kind of cowardice with courage, escaping the punishment of reality, and leaving the sadness to the people they love most.
The financial tsunami that broke out suddenly was still fermenting. Starting from the afternoon of November 24th, there were demonstrations in major cities in the Federation—a large group of workers who lost their jobs took to the streets under the organization of the trade union. The unprecedented prosperity of the market has caused many small and medium-sized enterprises to reduce their production scale and invest more funds in the financial market. But the effects of the sudden collapse in financial markets pushed more companies to the brink of bankruptcy and more workers out of work. In order to fill their stomachs and fight for their own rights, they took to the streets.
From the first angry jobless worker smashed the store's glass curtain wall with his head and snatched some necessities from inside, everything became chaotic. Pillars of smoke rose from almost every city, lowly speculators, gangsters, furious workers who lost their jobs and had no money to feed their families and take care of their families began to destroy under the influence and leadership of some people. They trampled on the rules and order of the society, and the crime rate suddenly increased several times. The entire federation seemed to have fallen into madness before the end of the day!
Facing such a hostile social environment, the federal government issued several press conferences in a row, and agreed to save the country with all the consortiums and capitalists in the federation. Perhaps these news brought a certain effect. The Federal Shield, which had plummeted by 17.8%, had some support and did not continue to dive.
On November 25th, in the past forty-eight hours, the federal government, the joint parliament, and all the consortiums and capital forces of the federation made a joint decision. They want to re-energize the federation's financial economy and prevent some conspirators with ulterior motives from conspiring succeed. Commonwealth Bank will unite more "knights" to save the current situation. These news did play a role, eased the situation, and made some people begin to have confidence in the federal government's bailout action!
The "Morning News" even claimed that this was just a "technical" adjustment, and at the same time pushed all the blame on the Atlantic Consortium, believing that the Atlantic Consortium was an important chess piece lurking in the Federation from hostile forces. The federation's financial order was shaken, and then a series of rumors and illusions were created to cause people to panic, distrust and fear the federation's financial economy, and they used the hands of the federation to complete the sniper 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 brought about by the spread of panic, it will close the two major trading houses until they think they can reopen.
On November 26th, the federal government announced that it would increase the funds for salvation to 80 billion, and combined the joint efforts of all sectors of society to create a fund reserve with a depth of 100 billion federal shields to save the current decline. After a continuous plunge, the Federal Shield rose by 3% before the close. A large amount of funds were used to buy the Federal Shield. However, the Federal Bank hid an important problem. Their foreign exchange reserves were not enough.
On November 27th, the Imperial Foreign Office suddenly issued an international statement that it would establish friendly diplomatic relations with five countries and help these countries build their economies and recover from the aftermath of the war. It just so happens that these countries are small countries that have signed a series of cooperative relations with the Federation and received a lot of economic assistance. This move undoubtedly indicates that the empire, a behemoth, has also joined this financial war against the Federation. With the unanimous approval of the Imperial Cabinet, the Ministry of Foreign Affairs exchanged strong star dollars from these countries for the Federation, which has become worthless. shield, and then joined in the dumping of the federal shield.
This move caused the Federal Shield, which had just improved a little bit, to plummet again!
At the same time, more problems began to erupt and spread in the federation!
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