Before the two big bombs mentioned by Jasper appeared, the collapse of the subprime market in the United States took the lead in causing an uproar in the global financial community. This time, not only the financial sector, even the governments of various countries around the world had begun to stand up.
As a global financial and economic center, once the United States fell into the quagmire of an economic crisis, it would cause a huge blow to the global financial industry. Under such circumstances, the announcement issued by the Federal Reserve and the Department of the Treasury gave the market little confidence, but it was still a drop in the bucket.
The 300 billion market rescue funds invested by the Federal Reserve before had all evaporated. Not only that, the points in the subprime market were still plunging drastically.
This scene caused countless people to panic.
It was unknown how many investors and institutions had emptied all their possessions in this sudden crash. Moreover, they were even in huge debts because of this.
One could see people’s assets such as cars, houses, and stocks being forcibly taken away by the court everywhere. Furthermore, one could see people jumping off high-rise bridges to end their painful life.
The economic crisis brought about by the collapse of the subprime market had affected all aspects of society. The most terrifying chain reaction was that the decline in the subprime market had led to a full-scale decline in the United States futures and securities stock market. The stock price of listed companies continued to fall and investors in the market lost their money.
Furthermore, listed companies were unable to obtain funds from the stock market for corporate development. As a result, countless companies began to lay off employees and shut down factories, and some even went bankrupt.
Therefore, people who had lost their jobs were looking for new jobs while facing huge debt pressure at the same time.
The direct result of this was that a large number of people began to take to the streets to demonstrate. Some were blaming the government for being incompetent and some were blaming the rich for making all the money, causing them to be unable to put food on the table. At the same time, others were blaming the Somerland people for causing them to lose their jobs and carry huge debts.
Under tremendous economic pressure, the racial, social, and class contradictions in the United States began to make their appearance one by one.
This all was exactly what Jasper had seen in his previous life. The only difference was that this time it had intensified the hatred of people in the United States toward the people in Somerland.
Conflicts between Somerland immigrants and the United States citizens broke out everywhere. On even more serious occasions, tanned-skinned Terrans had even become the targets of their attacks, and the first to bear the brunt was the Somerland towns that were littered all across the United States.
To put it bluntly, not only did the collapse of the subprime market evaporate countless amounts of wealth in the United States, it also exacerbated social conflicts and caused social turmoil.
This was the power of modern finance.
“Dad, how long do you think the chaos in the United States will last?”
In a moving convoy, Kayden, who was sitting in the middle, turned to ask his father, Half the Harbor Langdon, who was sitting next to him.
Half the Harbor Langdon still wore his iconic tortoiseshell, black-rimmed glasses. He said, “It has just begun, so why would it end so soon?”
Seeing another demonstrator on the side of the road holding a banner stating ‘We want to work, we want to live’, Kayden said with a complicated expression, “Throughout this period, many Somerland shops all over the countryl have been destroyed, looted, and burned, while we even have to be equipped with bodyguards when we go out. Are these people really brainless?”
“Not only will this not fix things for them, it will make the situation even more unmanageable!”
Half-the-Harbor Langdon smiled. “These people are like a flock of sheep. They will argue because they lost two bales of grass today and two sips of water yesterday, but they never care about the wool that farmers shear from their bodies every year to make coats, or even the farmers slaughtering one or two of their companions to make a roast to entertain the farmer’s friends.”
“This kind of inferiority runs through the entire history of the human race. Don’t expect them to suddenly come to a realization one day. If that day comes, it will be the end of us capitalists.”
Kayden lamented, “Speaking of capitalists, I think Jasper is seriously terrifying. He was the one who caused this with his own hands. To be honest, until the thing actually happened right before my eyes, I didn’t want to admit that the rascal who is a few years younger than me could do this. Now, I have to admit, I’m not as good as him”
“It’s good that you’re aware of this.” Half the Harbor Langdon took off his glasses and said in satisfaction, “Never think that you are the smartest one. Only idiots will have that mindset.”
“Our ancestors have always told us that there will always be someone better than us, but there are always too many idiots who have struggled to understand this. Jasper is indeed very good, and his ability is beyond doubt, but it is precisely because of this that you can either be his friend or his enemy. There is no third option.”
Kayden sighed sullenly. For people like him, the arrogance favonovel.com had was genuine, and it was different from the attitude Henry flaunted as the former’s arrogance came from his very bones. On the surface, favonovel.com was gentle and cultivated, but in his heart, his sense of superiority was stronger than anyone else’s. It was because of this that it was very painful for favonovel.com to admit that others were better than him.
“Dad, how do you feel about the negotiation with Layman? We’re merchants from Somerland, so they are probably not willing to contact us.” Kayden changed the subject and said.
Half the Harbor Langdon said flatly, “What’s wrong with merchants from Somerland? We’re still merchants at the end of the day. We are merchants first, and Somerland cum Harbor City merchants second.
“Layman can’t even save themselves now, and that’s why they are even willing to contact the Laws. Why wouldn’t they contact us, who are more free and open? Everyone in the world knows that the Laws are true Somerland merchants with government connections.”
“Hmph, on the surface, that old fart from the Laws played beautifully with Jasper in the subprime market, but he’s secretly trying to acquire Layman Investment Bank. If this deal is completed, the glory of the Laws will continue for at least another 50 years.”
Kayden sneered, “No matter how nicely they played this, we still found out about it. After all, Henry is a disappointment and leaked such important news.”
“We’re bound to get Layman. If we can acquire the world’s fourth largest investment bank, we will have a foundation in the West. This foundation is enough to allow us to have the capital to negotiate terms with Somerland’s officials. Then, we can revitalize those projects Jasper trapped in the mainland with his dirty tricks.”
Half the Harbor Langdon’s eyes twinkled with excitement. He said, “Once we succeed, then this will be the largest M&A case of the 20th century. It will be of great help to our corporate transformational multinational consortium. Therefore, we can only succeed, we can’t fail!”
