“Gentlemen!” Seeing the two bickering for a full chapter, the representative from Lehman Brothers could no longer stand it and stepped forward to speak. “We don’t care about who is right or wrong, or who takes responsibility for this matter. We just want to know how to help all of us out of this damn quagmire, so we don’t lose everything and still have a chance to survive!”
“Whoever can help us achieve this, we will listen to them and follow them!” The Lehman Brothers’ representative’s words struck a chord with many, and soon, nods rippled through the crowd. The onlookers gradually reached a consensus.
Seeing this, Dr. Cooper’s heart hardened. “My method is the simplest and most effective. We should all divide up all of Jiangnan Group’s assets in the US. The immense wealth obtained will naturally help us out of this predicament. However, if anyone dares to have ill intentions towards my Goldman Sachs, I won’t hesitate to drag a bunch of people down with me. Let’s see who dies first, you or me!”
Dr. Cooper’s threat was quite effective. For a moment, the entire venue seemed to return to its initial state, with everyone contemplating how to carve up Little Swift.
“Is this really a good method?” Little Swift said disdainfully. “Not to mention whether we will resist, even if we kneel and let you divide us, will the assets you obtain truly guarantee you can get out of this quagmire?”
“Also, who will do the cutting when it comes time to divide? How much will each of you receive? When it comes to the specific allocation, won’t some be just useless leftovers? I fear that once things are divided, the largest shares will be taken by the most powerful few, and most people will still be unable to escape their predicament!”
“This is a completely terrible plan!”
“Then, may I ask this financial god, do you have any better methods?” Dr. Cooper sneered, confident that Little Swift could not come up with any solutions. After all, the current situation was a dead end; there was no other way but to cut others’ flesh to fill one’s own pit.
“Of course, I do!” To everyone’s surprise, Little Swift laughed heartily. “And the method is very simple and very efficient. As long as you follow my method, I guarantee that everyone present will not only get out of this quagmire but even make a substantial profit from this crisis!”
“What?” Little Swift’s words left everyone present bewildered. They thought either Little Swift had gone mad, or they were dreaming, because how could such a win-win solution possibly exist in this world?
Of course, even though they knew it might be a dream, some couldn’t help but inquire about the specific method.
“I said, this method is very simple. The difficulties everyone is facing, at their core, are because everyone has a large amount of capital trapped in those garbage assets, making it impossible to pay interest and returns to customers, and the cash flow is on the verge of collapse.” xxs stated.
“So, if everyone is issued money, 50 billion is 50 billion, if it’s 400 billion short, it’s 400 billion, and we directly fill the holes with money, won’t all problems be perfectly solved?” Little Swift chuckled.
His method once again rendered everyone completely dumbfounded. For a full ten seconds, no one spoke. Finally, Dr. Cooper couldn’t help but scoff sarcastically, “That’s truly a good idea. Excellent. As long as money is issued, all problems will be solved. We have nearly 80,000 billion dollars trapped in there collectively. I wonder if Mr. Little Swift intends to provide 80,000 billion dollars to help us out of this predicament?”
“We don’t need 80,000 billion dollars. You merely have 80,000 billion dollars in assets trapped in the stock market, unable to be liquidated. The assets themselves haven’t decreased. About 40,000 billion dollars would be enough to revitalize all the funds and naturally resolve the issue,” Little Swift shook his head and said very seriously and earnestly, as if he truly intended to procure 40,000 billion dollars for everyone.
His words, however, couldn’t help but amuse everyone. Many people smiled for the first time in a long while.
“Sigh, a negro is just a negro, probably a fool!” Of course, some mocked. Such a simple and efficient method, perhaps only a black person like him could come up with it.
“Everyone, don’t you think this method is wishful thinking. Although our Western Mustang Fund doesn’t have 40,000 billion dollars to distribute, someone does,” Little Swift said with a smile.
“Who?” Dr. Cooper sneered. “Even we at Goldman Sachs don’t have that many assets. Who are you planning to have provide us with 40,000 billion dollars? Or are you planning to divide up some of the institutions present?”
“Heh, your words are truly amusing. Since my method is a win-win solution, it naturally won’t harm anyone’s interests. Because the one issuing the money to us is the Federal Reserve. The Federal Reserve holds the power of currency issuance. It only needs to input a string of numbers into the computer, and 40,000 billion dollars can be directly sent to our hands. Isn’t that very simple!”
“Let the Federal Reserve issue us money?” Everyone’s expressions changed instantly. Dr. Cooper immediately retorted, “I think you are not only stupid but also insane. Why would the Federal Reserve issue us money to save us? Its money is not printed; behind it is the entire dollar financial system. How could it issue us money for such a purpose?”
“Why not?” Little Swift said with a cold laugh. “We all know what the Federal Reserve is. It’s what all the consortiums and bankers use to control the US economy. The Federal Reserve is backed by major consortiums, which are the ‘fathers’ behind all of you present.”
“You are all the biological sons of these fathers. If we fail and are forced into bankruptcy, your fathers will inevitably suffer heavy losses. So, if all of you, through your fathers who control the Federal Reserve, issue money to us, isn’t that a very easy matter?”
“This is impossible, absolutely impossible to do this!” Dr. Cooper stated firmly.
“Ah, Mr. Cooper, don’t speak so definitively. Why not listen to the opinions of those present and see if they are willing to suggest the Federal Reserve directly intervene to help everyone solve their difficulties!” Little Swift said with a smile. Dr. Cooper glanced at everyone and saw hesitation written on all their faces. Once hesitation appears, it means they are truly beginning to consider the possibility of such an action.
Dr. Cooper felt this was a very dangerous signal, so he immediately stood up and said, “Everyone, this suggestion is absolutely not feasible. The Federal Reserve has a special status; it represents the entire US economy. We cannot act rashly!”
“Laughable! Wall Street is the US economy, and we are the lifeline of the US economy. If we all fall in this crisis, then the collapse of the entire US economy is inevitable. Do you still want to see the tragic scenes of the 1920s and 1930s? Do you want to see countless predecessors of ours jumping from buildings?”
“Everyone, we are the US economy. For the Federal Reserve to spend money to save us is to save the US economy. Isn’t the purpose of the Federal Reserve’s existence to maintain our country’s economic stability and prosperity? Therefore, it is perfectly normal and reasonable for it to spend 40,000 billion to rescue us.”
“After all, if we go down, the US economy will be finished!” Little Swift said with emotion. His words caused many to nod repeatedly, feeling they made a lot of sense. The president of Lehman Brothers even jumped up and excitedly exclaimed, “Mr. Little Swift is absolutely correct. We are the US economy. We are here to protect the US economy, and we should find a way to persuade the Federal Reserve to issue us money to help us through this difficult time!”
“Everyone, don’t forget, although the Federal Reserve does have a considerable amount of assets in its accounts, these assets actually belong to the major consortiums, and these consortiums are unlikely to use their own assets to subsidize us,” Dr. Cooper said. His words caused the expressions of many to turn grim. Indeed, relying on the Federal Reserve to take money from the consortiums to save them seemed unrealistic.
But the next moment, Little Swift continued, “Dr. Cooper is correct. We absolutely cannot touch the money of the consortiums and bankers. But don’t forget, the Federal Reserve still controls the power of currency issuance. As long as the Federal Reserve directly prints 40,000 billion dollars and distributes it to us, the problem will be solved. We won’t harm the consortiums’ interests by a single cent, won’t that solve the problem?”
“Moreover, because it’s directly transferred through accounts, it even saves the printing of dollars. Just inputting a string of numbers is simple and effortless!” Little Swift’s words once again stirred the hearts of everyone, and many couldn’t help but nod in agreement with his statement.
“You idiot, do you know the catastrophic consequences of directly printing 40,000 billion dollars into the market? The entire dollar will rapidly inflate, the global economy will be affected, and the inflation rate could eventually exceed 10%, equivalent to a 10% reduction in the wealth of all Americans. You are trying to cut the flesh of all Americans to fill the holes!” Dr. Cooper pointed out the core of Little Swift’s plan incisively.
Directly printing 40,000 billion dollars in banknotes would undoubtedly lead to inflation. Inflation would lead to the shrinkage of ordinary people’s wealth, which is equivalent to using the assets of ordinary people to fill the pits for these Wall Street magnates. This plan was simply too evil; even Dr. Cooper couldn’t help but tremble slightly upon hearing it.
“So what if it is?” Little Swift said with a cold laugh. “We have this pit here, and it can only be filled with money. If we don’t cut the flesh of the common people, do you expect us to cut the flesh of the consortiums? Do you have that courage?”
“……” Dr. Cooper immediately fell silent. He did not have that courage.
“Moreover, our ‘cutting flesh’ isn’t entirely without benefit. As the dollar inflates, the exchange rate will fall. A lower exchange rate creates advantages for commodity exports, increasing export revenue, which can then foster the development of real enterprises, providing more jobs and wages for Americans. It might even offset this 10% shrinkage, wouldn’t that be wonderful!” Little Swift said righteously.
“Well said!” The president of Lehman Brothers immediately began to applaud enthusiastically, praising the other party vigorously.
“Yes!”
“Said it so well!”
“Indeed, this way, not only will we be out of the woods, but we can also provide more job opportunities and higher wages. This is simply too good!”
“Yes, we are simply as benevolent as God. The common people will surely be grateful to us!”
Everyone present said so, as if they were as benevolent and great as God incarnate.