Life at the Top

Many people were aware of the subprime mortgage crisis, but their impression of it rested only on the simple concept that the financial tsunami had caused the economy to decline, with the most famous resulting event in it being that Layman Investment Bank, one of the big four US banks, was forced to shut down.

However, Jasper knew that the actual core problem of the subprime mortgage crisis was the subprime loan credit crisis.

In order to stimulate national consumption and maintain its own strength as the world’s largest country, the United States had implemented monetary quantitative easing policies for a long time.

However, this monetary quantitative easing policy was not the same as that of Sunrise Land.

It was essentially the United States printing banknotes for domestic welfare and relief of the government’s own debt. Furthermore, this process had gone on for decades.

If it was some other country trying this, the place would have been long gone from history.

However, it was a different case for the United States. The dominance of global finance and military politics allowed the United States to build a core system, which was the USD settlement system.

Its full academic name was the Bretton Woods system, which was the core system of global USD adoption.

It would be hard to describe in detail, but the crux of it was to make the USD a global currency whilst ensuring the printing power would still be in the hands of the American Federal Reserve Central Bank.

easing policy had made all countries in the world that supported USD settlement pay for the

had played this game for decades, and it had

people from

pay

so, this was not

excess supply of cash in

of capital and currency caused money to inevitably find a n

problem, this hot money would go to two places, the stock market and real estate. The United States

any asset and credit checks at all when you purchased a

to everyone for their own benefit, and in order to give investors a decent report, the bank never refused applications from

industry was completely hot, in exchange for a sharp increase

example, for a loan of 1 million USD, the bank had to wait 10

to a credit company at a price of 1.3 million USD. After the credit company bought this batch of loans, they repackaged them and put them

million 100,000 USD was divided into 15 shares. After

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