Life at the Top

The first decision made by the Federal Reserve was to increase interest on savings and then to reduce the proportion of deposit reserves that commercial banks needed to pay to the central bank.

In order to ensure the security of savings, all banks would need to pay an amount the central bank based on the amount of savings they owned. This money was used to ensure that they could at least deal with large-scale withdrawals by customers.

The first of the two methods of the central bank was to reduce the proportion of savings customers withdrew. After all, with the interest rate increasing, holding money in the bank could generate more interest.

The second measure was to relieve the pressure on the bank.

However, at this time, the continued collapse of the subprime market caused the chain problem of overdue personal credit to escalate.

On the one hand, the bank had to face the customers who deposited their savings with them withdrawing money from the bank. On the other hand, all the money lent by the bank could not be recovered after the due date.

Therefore, the United States banking industry was in utter chaos.

Soon, the subprime mortgage crisis finally began to cross the border. It crossed from the financial world to the banking industry.

These two closely related and interdependent industries finally realized just how intimately interdependent they were.

With the large-scale shrinkage of real estate combined with overdue personal credit, the banking industry of the United States ushered in the cold winter.

And the initiator of all this, standing at the command center of Nauritus City at this moment, had already begun the next step of the plan.

“Secretly build positions in high-tech companies United States, such as Apple, Weresoft, Qualcomm, General, Amazon, and Oracle.”

Jasper gave orders to Jake and the team.

They had been in this financial war for so long and the difficulty of the process was beyond words, but now, Jasper had finally reached the harvest time he thought was appropriate.

“Affected by the subprime mortgage crisis, the entire United States stock market has fallen into a downturn, with negative trends over the past 20 consecutive trading days. Most of these companies stocks are now at historically low values. This is the best time for us to enter the market.”

Jasper took a deep breath and said with a serious expression, “The people of the United States had been ahead of us over the past few decades, and even centuries. Now, we finally have an opportunity to devour the accumulation of technology in the United States over the next 20 years. These companies are the real future.”

Jake was excited. As he was about to

speak, the team’s intelligence collector

reported an update.

“The United States Securities Regulatory

Commission announced the extension of a

n index futures settlement cycle. The

futures settlement originally scheduled

for tomorrow will be postponed to the end

of this month.”

Jake was taken aback when he heard the

words. Then, he yelled.

“Do those scoundrels from the United

States not want to keep their last trace of

dignity? Are they really that shameless?

“Back when Soros gathered harbor

stocks, the Harbor City government never

thought about adjusting the stock index

settlement cycle even when they were in

such a difficult period. If those guys from

the United States could defeat them, they

be allowed to take

now these punks

are doing

so-called stock index settlement cycle were actually the same concept

trading was

example, delivery

were usually paid in

came,

the

Foundation invested

the United

they actually

of the

that the subprime

plummeted, Jasper had won.

traditional

withdraw cash from

market and

according to

he had shorted in this

cycle.

hundreds of billions of US Dollars.

was looking forward

had paid so much effort

huge risk,

they after?

Wasn’t it still interests?

the

United States

this whole

happened.

would be

are you in such a

said to

They have to

want

system to collapse.”

States shed

made

not settle, the United

credit

came to their

would take both principal

the player

the players won, they would flip

over and refuse to

stupidest gambler in

with such a

would be digging their own

were isolated by

Hence, the United States would

country would do so

the United States’

a disgusting

eyes.

them postpone it then. They

once, but they can’t

second time. We will proceed

our original

talking, the phone

glanced down and then

office.

“This is Jasper.”