Chapter 218: Everything has to stop when Im not here!
October 2, 1990.
As land prices plummeted, Juliana Tokyo became more popular day by day. On October 1, it reached its peak flow of people, and the stock price also climbed to its highest point on this day.
But the day after the special congress was convened, the real disaster came violently and suddenly in this country.
The Japanese government is obviously aware of the horrors of the bubble economy, especially Yasu Mieye and Ryutaro Hashimoto, who took charge of the economy. They are trying to find ways to graft the more than 300 trillion losses of this Gulf War to all citizens in the form of real estate in the most gentle way.
.
Bubbles will burst one day, and that's okay. Once the bubble bursts, new bubbles can continue, and you can continue to fool around. This is how innovation is fooled.
This is true for a healthy economy, but the Japanese economy is not healthy.
To the Japanese economy, the bubble is like a dying old man who is suddenly injected with stimulants. It is true that he can recover, but the result is often his immediate death...
After this injection of stimulants, the national economy really died immediately.
How big the gap in the real estate bubble is, Mie Noyasu, as the implementer, did not know until the bubble burst.
He had an estimate in mind, but when he got to this point, he realized how ridiculous his so-called estimate was.
On the night of October 1st, dozens of local real estate speculators in Osaka hanged themselves in an abandoned building. Several female high school students passing by were scared to death!
The Osaka Prefecture General Affairs Department and other agencies immediately set up an investigation team to investigate the case, and the Miyamoto 12th Police Department of the Osaka Police Headquarters also rushed to the scene as the person in charge of the project.
The main members of the "10.1 Entrepreneur Suicide Incident" this time were all presidents of subsidiary companies under Dadyo Construction. They ended tragically in the same way. After investigation, the police immediately ruled out the possibility of homicide.
The next day, this incident was published on the headlines of major mainstream media and newspapers, and soon, the hidden clues were unearthed.
It turned out that the presidents of these subsidiary companies took out large loans from banks and invested in real estate in the name of Oyodo Construction. As land prices in Osaka halved, their assets evaporated instantly. It is said that the funds involved were as high as 150 billion yen.
Soon, the banks they cooperated with were also revealed one by one. More than 20 banks and financial institutions, including Sumitomo Bank, were involved in this loan incident, of which nearly 70 billion yen came from the largest place in Japan.
Credit Union - Osaka Credit Union.
I thought this matter would end here, but I never thought that at noon on October 2, Japan's second largest local credit cooperative, Chiba Credit Union, suddenly announced its bankruptcy, with its announced debt reaching 200 billion yen!!!
Not long ago, Chiba Credit Union and Osaka Credit Union announced that as of the end of September, they had a profit of nearly 100 billion yen!
The credit collapse of financial institutions occurred suddenly.
That afternoon, the local Pacific Bank in Osaka and 11 other small banks experienced a run at the same time. Tens of thousands of people ran to the bank to withdraw money, fearing that their money would be used by the bank to lend money to real estate speculators. If they died, wouldn't their money be gone?
Is it just like this?
A cash transport truck speeding on the road suddenly stopped at the entrance of Tosan Osaka Chuo District Branch. Several security personnel jumped out from it. Then the manager from Toyo Credit Bank hurried to the lobby, but was stopped by Fujiwara, who was already waiting at the door.
Ji Xiang was stopped.
"Please, Tosan is the only bank that still has sufficient funds in deposits. Please lend us 100 billion to deal with the bank run. Please!" The account manager immediately stood down and begged.
He went to various large urban banks. Since they had not adopted tightening policies before and allowed loans to be repaid, a large number of bad debts were now generated, and land prices plummeted. Banks that were lenders to speculators immediately suffered heavy losses. After asking around,
Only Kitahara Sosuke's Tosan Osaka Chuo-ku branch has sufficient capital reserves.
A long time ago, he banned the use of loans to repay loans within the bank, and at the same time rejected all real estate-related loan requests. Even the loans involving Juliana's Tokyo project were all handed over to the Nagoya branch, leaving him alone.
Kitahara Sosuke was warned by the board of directors, ridiculed by his peers, and misunderstood by branch employees for this matter. But more than ten days after he was detained, his foresight was gradually proven.
"Sorry, the reserve fund of our branch cannot be used. We need the signature of the branch head." Fujiwara Norika spread her hands and expressed that she could not help.
"Are you kidding? Chief Beihara Branch is still in detention. Without his signature, can't we transfer a penny?" The account manager burst into tears, "Please, please help us! If we can't get it out anymore,
Money, we are going bankrupt!"
"Sorry, even the board of directors does not have the right to use our branch's reserves now. When Kitahara branch president took over, he made it clear to the board of directors that all affairs of the branch will be solely responsible for him, and outsiders cannot interfere." Norika Fujiwara said coldly.
He smiled and said, "Please go back, or find a way to bring President Beihara Branch out of the detention room."
How to bring it out!
Isn’t today the first trial of Kitahara Sosuke in the Tokyo Court?!
The account manager was so angry and annoyed that he had no choice but to leave.
This is not the first financial institution to come to the door for help. Over the past few days, more than a dozen financial institutions have come to beg them to release their reserves and help them.
These credit banks and non-bank financial institutions are the main force in real estate speculation and real estate loans. They are also the first financial institutions to suffer. After the bank run, they will face the anger of the public.
If you are unable to cope, you will have to seek help from the Ministry of Finance and the Bank of Japan.
However, the fact is that the Ministry of Finance and the Bank of Japan also have no money.
All the money has now been lost by the government, leaving only public funds that cannot be touched. Of course, these funds cannot be used to rescue non-bank financial institutions like them.
This chapter is not over yet, please click on the next page to continue reading! Then there is only one path they can take.
Bankruptcy!
Once this situation begins to occur in financial institutions, it means that the financial crisis sweeping across Japan has begun.
The manager of the Osaka branch of Toyo Credit Bank, who was waiting at the branch, sat alone in his office. He looked through the shocking deficit ledger. The Tokyo headquarters forged 240 billion false deposit certificates for Ogami. The headquarters' vault had long been empty, and all the money in it was empty.
It was handed over to Ogami, and passed into the hands of Kurosawa Hiroshi.
This part of Kurosawa Hiroshi's money flowed into the Takeshita family to prepare funds for his election.
It is impossible for the headquarters to ask Noboru Takeshita for money, and it is impossible for him to get a relief fund from the headquarters. Now the only hope is Tosan.
The hall outside was crowded with noisy people.
Some people have already started smashing things and yelling that if they can't get the money today, they will go to the General Affairs Office and even the Ministry of Finance in Tokyo!
Toyo Credit Bank is going to be finished.
He called the headquarters, but what he got was a nonchalant "Daddy"!
He opened the drawer and looked at the black pistol lying quietly inside.
The noise outside continues.
Boom.
The door opened and hurried in was Omu, the account manager he sent to Dongsan.
"Damusang, how's it going?"
"Tozan, Tozan has to wait for Kitahara Sosuke's signature to..."
"Yeah, I know." The last hope in his eyes dimmed.
"Branch manager, let's ask for help from the Osaka Branch of Industrial Bank of Japan! If they say it, they will definitely..."
"boom!!!"
“Branch manager!!!”
October 2, 1990 at 3:15 pm.
The branch manager of the Osaka branch of Toyo Credit Bank, a well-known credit bank in Osaka, committed suicide in his office. On his desk was the branch's bad debt book of nearly 50 billion. Behind him, the vault was empty. More than 30 billion in deposits belonging to Osaka residents were missing.
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at the same time.
Osaka Prefecture General Affairs Office, Governor's Office.
He Hetai looked at the thick stack of official documents that suddenly appeared in front of him, his voice trembling and fearful: "How could this happen!? Did you read that correctly?"
The secretary was also dumbfounded and couldn't even nod.
After the suicide of several presidents of Oyodo Construction Co., Ltd. last night, it was revealed that six of the dozen local financial institutions in Osaka have declared bankruptcy due to their inability to handle the bank run crisis.
Forget about bankruptcy, the amount of bad debts announced since then far exceeded the figures in the financial reports not long ago. Some even reported profits in the financial reports, but in fact they suffered losses of hundreds of millions.
These things that have been corrupted are the hard-earned savings of the people!
Where did the money go?
Where did it go?
This is what people are most concerned about right now.
Hundreds of clubs that cooperated with these financial institutions were affected one after another. In less than a day, Hehetai received news of the bankruptcy and closure of nearly a hundred large, medium and small clubs. Without exception, from top to bottom, they were rotten to the extreme.
Before the exposure, they even pretended to be very good and seemed to still be making a profit.
At this time, Hehe Taicai finally realized the terrible impact of the plummeting land prices.
Land prices plummeted, and countless people were in debt. This debt was the losses caused by the Gulf War that the government consortium wanted to transfer. Unexpectedly, these losses were so great that some people simply couldn't bear it and had no choice but to commit suicide to escape.
The chaos among the clubs, institutions, and investors below also exceeded their imagination.
Banks and other financial institutions made random loans and suffered huge losses due to the bankruptcy or death of the debtors. People panicked and began to run on banks and other financial institutions. Smaller ones could not bear it and went bankrupt.
Once they go bankrupt, they will be involved in more bad debts, bad clubs, and bad people.
This series of financial turmoil spread rapidly like a cancer.
The continuous collapse of basic societies has caused an existential crisis for ordinary people. They encounter economic and existential crises, and realize that financial institutions are full of lies. Their first reaction is to withdraw money and hold it in their hands, hoping to tide over the possible crisis.
Economic winter.
As a God's perspective, Hehe Tai can see everything clearly, but he can't do anything about it!
Who has the money left to save Osaka’s economy?
have!
This man who could save Osaka's economy and who had already begun to plunder Osaka was sitting in an airtight police car and was being escorted to the Tokyo Court for his first public trial.
Inexplicably, several more charges were added to the list. At this time, Kitahara Sosuke could hardly count how many crimes he had committed. Anyway, they just wanted to kill him.
But it's okay.
Just as he told Norika Fujiwara before leaving, Tosan's reserves would not be touched without him. He would rather watch those financial institutions explode and collapse, and he would remain indifferent.
He went to Tokyo to stand trial. As a result, all the companies owned by Kithara Investments will stop operating. Be it Kithara Logistics or Kitano Logistics, they were just detained before. Whatever happens.
Now I have to judge myself even harder.
Okay, if there is no result, we will wait for the result.
Stop everything!
See who can outlast whom!
The 1,022 billion yen he holds in his hand is Osaka’s life-saving money!
If he can't take off his shackles, countless people will be buried with him!
As the police car sped towards Tokyo, a car carrying Kazuma Yamada, Takayuki Yagami, and Hide Tamayama also sped towards a villa owned by Dado Construction Xu Yongzhong in Osaka.
In the police car.
Baba Yoshika looked at the young man who was leaning back on the chair. Although his hands were cuffed, he was still energetic and his face remained calm. After a long time, he slowly said: "Isn't President Kitahara Branch afraid?"
"What are you afraid of?"
"Since we have decided to prosecute you in the Tokyo Court, it means that we have enough evidence and witnesses, and you are dead."
"Oh, really? I don't know whether I will die or not, but one thing I feel is certain."
"What's going on?" Baba Yike didn't like this young man's attitude.
He is clearly the one in desperate situation, why can he be so leisurely?
Kitahara Sosuke looked out the window and suddenly said: "What do you think will happen if all the clubs under Kitahara Investment cease operations from now on?"