“Hence, for the moment, my idea is to continue to increase our firepower. I must ignite the panic in the market before the United States government or Wall Street rescues it. I want to completely uncover the weakest and most rotten pillar lying under the United States economic system.”
After Jasper finished speaking, the little prince nodded slightly and said, “I think we can do some proper guidance on the public opinion. After all, ordinary people won’t understand financial terms and figures that initially appear too professional.”
“So, we must use the simplest and most straightforward explanation to have them understand that the house they bought with the loan may really be worthless.”
Jasper chuckled and said, “This proposal is very good. I have made the relevant arrangements. However, the coverage of public opinion can’t just rely on me. Thus, everyone, you can mobilize the resources on hand now.”
The little prince and others looked at each other and smiled. Then, they said, “We will do our best.”
While Jasper and his partners gathered in the command room to discuss the next course of action, inside the office of the chair of the Federal Reserve in Washington, the United States.
The spacious office had impressive retro decorations. The most conspicuous item was the iconic Stars and Stripes flag and the logo of the Federal Reserve.
Standing in front of the clear window, Greenspaner’s deep eyes were full of solemnity.
“This torrential rain came too fast.”
Looking up at the gloomy sky, Greenspaner spoke slowly.
The vice-chair, Janet came forward to stand behind Greenspaner. She said, “The weather forecast states that this huge rainstorm will last for several days. This is not good news for many people.”
“Yes, I originally planned to go camping this weekend with my family, but it seems that I am going to have to cancel this plan.”
Janet replied worriedly, “Sir, I am worried that many people will not be able to survive under this heavy rain.”
“Jasper exposed our weakness.”
There was a sudden fire in Greenspaner’s eyes, and favonovel.com said in a deep voice, “I have told those idiots in Washington that the current economic policy will be a heavy burden on the nation and has many hidden dangers, but those damned idiots wouldn’t look at the long-term future at all.”
“For them, it’d be fine as long as the United States remains great, the economy continues thriving, and the country remains the core of global politics, military, and economics during their tenure.”
“But sooner or later, the United States will be finished under this short-sighted leadership.”
Greenspaner turned to look at Janet as favonovel.com continued in a deep voice, “If this problem is not handled well, the skyscrapers of the United States economic system will also collapse.”
Janet felt favonovel.com scalp tingling.
Greenspaner was the founder of the hegemony of the US Dollar, and his status in national and global economic circles was unparalleled. Therefore, in Janet’s mind, Greenspaner was almost synonymous with invincibility. Yet, at this time, the idol in favonovel.com heart had said such pessimistic words, to the point that Janet could not accept it.
“Sir, the video conference with Mr. Hamilton, Soros, and the presidents of the various investment banks like Layman and Mayland will begin soon. I don’t think a businessman from Somerland will be able to crash the United States’ economy.”
Greenspaner shook his head and said, “You still don’t understand. Indeed, Jasper cannot crash the United States economy. Even the Somerland government won’t be able to do this, let alone Jasper. No entity in the world can do so, except for one country. And that is the United States itself.”
“This is the problem within the United States economic system itself. Jasper just exposed this issue in advance. The root cause of the subprime mortgage crisis is that the United States has a large quantity of over-issued hot money rolling into the market To maintain economic growth and fill the appetite of greedy businessmen, everyone in the United States is buying houses with loans. After which, they continue to buy more houses while taking up even more loans…”
