When Jack Chen reported the news, Li Jinzheng, the young prince and Prince Pan were drinking tea.
The two of them had just arrived in Qianhai. As the host, Li Jin naturally had to receive them well.
"Well, not bad, I'm in a hurry."
Li Jin put down his tea cup and said with a smile: "The second one is just a fart, and the third one is basically useless. The political system determines that even if their federal Congress passes this law, the following state capitals and state assemblies will most likely not implement it.
, because this affects the state government’s revenue.”
"But the first one is a bit interesting."
Li Jin looked at the young prince and Pan Shizi and said relaxedly: "But no matter what, this crisis has exploded, and no one can stop it from happening."
The young prince and Prince Pan looked at each other and saw the excitement in each other's eyes.
"After such a long time, we finally have some good news. When can we cut leeks?"
As the main short-selling institution, Jinqing Capital has made sky-high profits in this round of secondary market collapse.
"Not yet. The best time to cut leeks will be when this storm completely sweeps across the United States. To be honest now, it's not even close to making up for the previous deficit."
Li Jin narrowed his eyes slightly and said meaningfully: "What's more, there are still two big bombs that have not been released."
The two big bombs Li Jin mentioned have not yet appeared. The collapse of the US secondary market has already taken the lead in causing an uproar in the global financial community.
This time, not only the financial sector, but also officials from various countries around the world began to prepare carefully.
As the world's financial and economic center, once the United States falls into the quagmire of an economic crisis, it will cause a huge blow to the global financial situation.
Under such circumstances, the announcement issued by the Federal Reserve and the Central Bank in conjunction with the fiscal department gave the market some confidence, but it was still a drop in the bucket.
The 300 billion in bailout funds previously invested by the Federal Reserve and the Central Bank have all evaporated. Not only that, the points in the secondary market are still falling crazily.
This scene made countless people panic.
I don’t know how many investors and institutions were wiped out of all their assets in an instant during this sudden crash, and even incurred huge liabilities for this reason.
Everywhere we see people's cars, houses, stocks and other assets being forcibly taken away by the courts, and everywhere we see people jumping off high-rise bridges to end their painful lives.
The economic crisis caused by the collapse of the secondary market affects all aspects of society.
The most terrifying chain reaction is the decline in the secondary market, causing the U.S. futures and securities stock markets to fall across the board.
The stock prices of listed companies continued to fall, investors in the market lost all their money, and listed companies were unable to obtain funds from the stock market for corporate development, so countless companies began to lay off employees and close factories, and some even went bankrupt.
As a result, people who have lost their jobs have to find new jobs while also facing huge debt pressure.
As a direct result, large numbers of people began to take to the streets to demonstrate.
Some are blaming the government for poor work, some are blaming the wealthy people for taking away all their money, leaving them with no food to eat, and some are blaming the Chinese for causing them to lose their jobs and be saddled with huge debts.
Under tremendous economic pressure, racial conflicts, social conflicts and class conflicts in the United States began to emerge one by one.
This scene is exactly the same as what Li Jin saw in his previous life.
The only difference is that it has intensified the hatred of the American people towards the Chinese.
Conflicts between Chinese immigrants and American people have broken out in various places. In severe cases, even Asians with yellow skin have become the targets of their attacks. The first to bear the brunt are Chinatowns that can be seen everywhere across the federal territory of the United States.
To put it bluntly, the collapse of the secondary market not only caused countless wealth in the United States to evaporate, but more seriously, it intensified social conflicts and caused social unrest.