The Last Straw
Upper Class parties are so dull and boring. While chatting with others and building social networks, Lin Qi also saw some local "female celebrities", including two famous female hosts from Sabine City Television Station.
Young, beautiful, and always presenting a positive image to the public, but the men beside them are old enough to be their fathers. Perhaps Lin Qi's thoughts are too wicked; maybe they really are their respective fathers.
He turned his attention back to the short man in front of him, who was enthusiastically explaining his ideas, his company, and its inevitable bright future.
As long as Lin Qi is willing to join his plan, he will definitely make a lot of money in the future. Many people have already decided to invest in his project. He just felt a connection with Lin Qi, so he reserved an investment spot for Lin Qi alone.
"Perhaps the bank would be interested in your project..." Lin Qi took a sip of his wine, and the short man's expression froze.
If he could pass the bank's risk control, why would he need to go around soliciting people to invest? It's precisely because the bank thought he might be trying to scam money that they agreed to lend him the money.
Lin Qi looked at him, and under Lin Qi's gaze, the short man seemed uncomfortable, twisting his neck as if he had thorns growing on his back. After apologizing, he quickly left.
His donation of 100,000 yuan has become the focus of attention, making many people want to know more about him, some with good intentions, but others with malicious intent.
Some people wanted to get to know the young tycoon, especially since he seemed to have a good personal relationship with the mayor, which made him even more noteworthy.
Not all wealthy individuals maintain a good relationship with the mayor. The market in Sabine City is only so big, and it's impossible for just one person or one company to be involved in every industry. Federal law would also not allow them to do so.
Competition inevitably leads to conflict. Some people obtain orders or policies by relying on their relationship with the mayor, which will inevitably arouse the dissatisfaction of others.
But generally speaking, everyone wants to have a good relationship with the mayor. After all, the mayor is the highest leader and designer of a city. They can plan a city according to their own preferences. With the mayor's help, everyone's business will become easier and more profitable.
People kept exchanging business cards with Lin Qi and briefly discussing their businesses. They didn't talk about anything too deep when they first met; most of the time, they just had a basic understanding of each other's identities and businesses.
When they need such an "acquaintance" in the future, they may think of Lin Qi.
Of course, the most discussed topics are financial, a phenomenon that no wealthy person or celebrity can avoid.
After the initial exchanges, people formed circle after circle, discussing their dominance in the stock market and marveling at the incredible numbers, becoming completely absorbed in the process.
Lin Qi watched from outside the crowd, finding it very interesting. In reality, most people involved in the financial game in this society don't understand finance, stocks, securities, futures, or anything like that.
For example, the Fox family had recently discussed this with Lin Qi. Given that they were now considered wealthy, the bank upgraded their client status and assigned a service manager specifically to handle their financial affairs.
The manager first told them how stupid it was to put money in the bank. Perhaps this female bank manager didn't know what kind of business the father and son were in, or how much money was in their account. She didn't have the authority to look through depositors' information outside of work hours.
She cited examples of people who quickly achieved personal freedom and wealth by investing money in the Financial Market, which impressed the Fox family.
Since meeting Lin Qi, the father and son have developed a strong interest in making money legally. The bank even suggested that they could use the bank's money to make money for themselves. They only needed to put up one dollar as principal, and they could get anywhere from five or ten dollars to tens or hundreds of dollars in "extra funds" for trading.
If you bet right just once, one dollar can turn into a hundred or even several hundred dollars in one night. The profit of several hundred times immediately grabbed the hearts of the father and son, and they almost opened an account.
But Mr. Fox's caution led him to contact the only person he believed might know the inside story, namely Lin Qi. Lin Qi's answer was simple: if he wanted to go bankrupt, now was a good time to enter the Financial Market.
Leverage, or "margin trading," is a business that banks use to ensure a profit without risk. Of course, this is not entirely absolute, because sometimes risk control can exceed the bank's expectations. For example, they might think it's just a rainstorm, but instead a meteorite falls. However, most of the time, they are guaranteed to make a profit without risk.
Suppose someone has 100 yuan and buys a stock. The stock price rises by 10%, and the person earns 10 yuan.
However, if he applies for margin trading and the bank gives him a limit of 10,000 yuan, and his stocks still earn 10%, then he will make 1,000 yuan in one go.
His initial capital remained unchanged at 100 yuan, but before leveraged trading, he only earned 10 yuan. After leveraged trading increased the capital by 100 times, he was able to earn 1,000 yuan at once, a full 100 times profit!
He only needs to pay a few dozen yuan for this. The contrast between the investment of a few dozen yuan and the return of a thousand yuan is so stark that many people start to lose their way and eventually become cannon fodder.
(The above is just a simple explanation and example; the actual situation of leveraged financing needs to be verified and calculated separately.) For banks, no matter how much money the leveraged investor makes, the bank is guaranteed to make a profit. But what if the leveraged investor's stocks or futures fall? At this time, the bank's risk control system will come into play. As long as the fluctuation is close to or exceeds their safety indicators, they will immediately force the exchange to liquidate the position.
In reality, most of the time it's too late, because so far the Big Three Exchanges still use manual order filling and automatic telephone matching, which will cause some delays.
If, after liquidation, the bank finds that there was no problem with their leveraged financing and has recovered its due profits, then the matter ends there, and the extent of the client's losses is none of their concern.
However, if after liquidation the position the bank finds that it has not only failed to recover its share but also lost part of its allocated funds, it will begin the legal process.
They start by freezing the borrower's bank account. If the savings are not enough to pay the bank, they will start auctioning off the borrower's real estate, cars, and anything else that might be valuable.
If that's not enough, the borrower can only apply for personal bankruptcy, and the bank will provide them with a job. Every month, apart from essential living expenses, all other funds will go directly into the bank's account.
As long as the person lives, this debt will never disappear—but this does not involve the repayment standard for family members, because this money was used for personal investment activities, and the family members of the person who provided the financing did not enjoy the various benefits brought by this money, so they are not obligated to inherit this debt.
This is why people always Jumping off buildings; at least one person dying is better than dragging their family down to hell with them.
However, these people in front of us are actually unaware of this. Their stock and futures accounts are managed by their financial managers or Stock Broker, which naturally includes various forms of leveraged financing.
These managers receive commissions for providing financing to clients; the banks give them a rebate. All they need to do is get their clients to sign their names on a financing application.
They didn't care at all whether their customers would Jumping off buildings later, since they had made money and become loyal partners of the bank.
Looking at those people talking loudly, Lin Qi felt sorry for them. In the end, they probably didn't even know why they jumped off the roof, ending their short and tortuous lives.
After the party, Lin Qi returned home with a bag full of business cards. In the next couple of days, he would be signing agreements with other investors to sell his company for a good price.
Meanwhile, it was already late at night, and the president and Cabinet Members were still awake, not at any banquets or similar venues. They were having a meeting in the conference room next to the Presidential Office.
They are currently facing a major problem: the Bayer Federation has maintained neutrality in the international war and has not been dragged into anything by anyone. In fact, it has paid protection money, or rather, paid money to buy peace.
By purchasing War Bonds from the core countries of both major camps in the name of the nation, coupled with its policy of isolation, the Bayer Federation Bayer Federation to escape this World War.
However, neither the Victorious Country nor the Defeated Country are willing to honor their bonds according to the agreement, which is causing them some headaches.
A few years ago, if the promise wasn't fulfilled, so be it. At that time Bayer Federation experiencing a period of great economic and financial prosperity, and people didn't care about such a small amount of money. But the situation is different now.
The massive capital flight caused the economic growth to slow down immediately. Even more alarming, this capital flight also led to a decline in the real economy – many factories closed, workers lost their jobs, and without jobs there was no income, so consumption capacity and standards continued to decline. More factories were forced to shut down because they couldn't sell their products, creating a vicious cycle.
People have no choice but to put their money into the Financial Market to escape losses in their real businesses; at least the Financial Market is still relatively prosperous.
If these bonds can be redeemed, it could stimulate domestic economic development to some extent. Even if it cannot change the current situation, it will at least prevent it from continuing to decline.
However, regardless of whether the redemption is requested in the name of an individual or the name of the state, the International Community has not given a positive response; they refuse to communicate! Billions and tens of billions of dollars in bonds are now piling up in their vaults like waste paper, and the president, who hasn't appeared on screen for several days, has developed several blisters on the corner of his mouth.
"We have to do something, gentlemen!"