America: My Time

Chapter 541: bargain hunting
Chapter 541 Buying at the Bottom

As the stock market crash continued to spread, countries affected by it sent messages asking the United States how to respond. Only the United States could save everything; otherwise, things would continue and become even more dangerous! Faced with this sudden and shocking turn of events, even the White House found it hard to believe, but it was the reality. They had to find a solution and take action; the longer they delayed, the worse it would be for them.

The White House quickly sprang into action, announcing that the president had summoned Finance Minister Baker, who was visiting West Germany, and Federal Reserve President Greenspan, who was out of town. Professional matters should be handled by professionals, but this would waste a lot of time, since it would take time for the two to get to the White House. It was clear that the United States could not react that day.

After contacting Treasury Secretary Baker and Federal Reserve Chairman Greenspan, they both said they would come as soon as possible after learning about the situation in the US stock market. In fact, Baker, who was visiting West Germany, already knew about the problems in the US.

After confirming the situation of Treasury Secretary Baker and Federal Reserve Chairman Greenspan, the White House quickly held a press conference. News media, having been notified, swarmed to the White House. They all knew it was about the stock market crash, and now everything else had to give way to the crash; nothing in the United States was more important than this.

Unfortunately, while these guys were all hoping for a timely response from the White House, they were greatly disappointed. The White House only said that the president was very concerned about the stock market situation and had issued an emergency order for West German Finance Minister Baker and Federal Reserve Chairman Greenspan to return to the White House for emergency consultations. They did not have a clear solution to the stock market problem, and the White House would not comment further at this time.

The White House press conference only added to the chaos, with widespread lamentation in the market. It's already closing time, and even if the White House were to release its earliest policy, it wouldn't be until noon tomorrow. What will people do during this time? Who knows how badly the stock market will plummet tomorrow morning?

After receiving the news, various countries condemned the White House's performance, but they were powerless to do anything about it. The US Treasury Secretary, Baker, was in West Germany, and the US Federal Reserve Chairman, Greenspan, was on vacation. The White House's emergency recall of the two was the best option, and they could not ask the White House to do anything more.

Everyone here is involved in politics and knows that in this situation, the best course of action is to avoid getting burned. If the White House makes a decision on its own without consulting the Federal Reserve or the Treasury Secretary, and something serious goes wrong, they will have to bear the consequences themselves. No one would make such a foolish decision; that's the reality of capitalism. Serving the country and its people is out of the question; their primary choice is self-preservation.

After the market closed that day, John, who was on Lanai Island, received the report on the US stock market. The Dow Jones Industrial Average had fallen by nearly 550 points, dozens of points more than he had known. This was no small number, meaning that under his arrangement, the stock market crash was even more terrifying and people's hearts were even more chaotic. One can imagine how dangerous the situation in the US stock market is now. If the US is like this, stock markets in other countries around the world are also plummeting.

At this point, many people thought of John, this extraordinary individual. He had made preparations beforehand, so many wanted to talk to him and hear his thoughts. Unfortunately, they couldn't reach him; John, vacationing on Lanai Island, simply wouldn't answer such calls. No, John wasn't arrogant; he just had too many calls and had no choice but to do this.

"Boss, that little fox John rejected our call. Not only us, but the entire Wall Street was rejected. Some people even said that the White House's call was rejected. This guy doesn't want to participate in the so-called bailout."

"This was expected. This guy has so many short positions and is making a fortune right now, so why would he let go? It's a pity those guys didn't listen to our advice and didn't follow Hurricane Investment. They didn't believe there was a crisis in the stock market at all, and only followed the trend a little in the yen, not knowing that this was just bait. However, this little fox probably won't last long and will soon come to an end. Every time, this little fox will not make that greedy move. That's why he refuses all calls."

Morgan had seen through John's character. With everything going smoothly, John had indeed begun to lay out the final arrangements. Soon, Jaguar Security received the third phase of orders, which were quickly relayed to Hurricane Investment, Standard Chartered Bank, and Neon Investment. The final arrangements needed to be swift, and Hurricane Investment began its final work the very next day as soon as the stock market opened.

Although many people were watching Hurricane Investment closely, they breathed a sigh of relief when they discovered that the other party had stopped. They were worried that Hurricane Investment would continue and cause them even greater losses, but thankfully, none of that happened.

While everyone was frantically selling stocks and futures, Hurricane Investments, Standard Chartered Bank, and Neon Investments were all wrapping up their positions as quickly as possible to prevent any unforeseen complications. By the time everything was finalized at the White House and they were about to issue any announcements, Hurricane Investments had already completed its cleanup and successfully exited the market. Standard Chartered Bank and Neon Investments quickly completed their liquidation and settlement processes. However, the safe house remained in place, and the operators were still inside, awaiting John's next order.

Although the previous cleanup work has been completed, this does not mean that the operation is over. On the contrary, this is just the beginning. There is still more to be done, and they have an even more important mission to carry out.

Amidst everyone's anticipation, the White House press conference began. First to appear was Greenspan, who stated that the stock market crash was catastrophic and sudden, and that the Federal Reserve would fulfill its central bank responsibilities, with the Federal Reserve System ensuring the smooth functioning of the economy and financial system.

The Federal Reserve's decision delighted the journalists attending the press conference. This announcement was crucial, given the extraordinary circumstances and the rapid spread of information. Major television stations broadcast it live to ensure everyone was informed of the White House's decision and its positive impact. For those suffering in the market, this was life-saving news; knowing sooner could potentially protect their interests.

Next, Treasury Secretary Baker took the stage and declared that the US economy was in good shape, and that the recent stock market crash was asymmetrical with the US economy, which was very stable. He also provided a lot of data, but whether it was true or not was unknown. At least the data he provided was problematic, only the positive data was presented, and all the negative data was covered up.

Finally, the owner of the White House, Tone, delivered his powerful speech, boosting everyone's confidence. Although the White House's actions had begun, market confidence wasn't so easily restored, and these guys had underestimated the destructive power of the stock market crash. Those familiar with crashes knew the decline would continue, so they immediately sold their stocks instead of waiting, knowing that every minute they waited could drastically reduce the value of their holdings.

The stock market crash on the first day was so severe that no one dared to gamble. They were all worried that they would get deeper into trouble and face even greater disaster. The stock market crash came too suddenly, and many people were not prepared. Even the giants on Wall Street were shocked, not to mention the other retail investors.

Although the White House has reacted, the disaster continues, with incidents of people falling into trapeze trapezes happening all over the world. Countless people have been harmed by this stock market crash. Of course, these people were all millionaires and wealthy before the crash; now they've lost everything.

However, what's surprising is that the British, for reasons unknown, made a crazy decision: to close the London market for two days and the Hong Kong market for four days. This insane order stunned many people. It's suicidal. Closing the market at this time, do you still think the situation isn't serious enough, or the impact of the stock market crash isn't significant enough?

Upon learning of this situation, John couldn't help but sigh. Although he had participated in this stock market crash, he hadn't changed much. Hong Kong and London remained the same, and it was easy to imagine how dire Hong Kong's fate would be.

While everyone was still observing, John issued his fourth order, and the guys in the safe house began frantically buying up stocks according to John's instructions. The first thing they did was to take back shares in Game World, Dream World, and Nvidia, completing the bottom-fishing with lightning speed. Then they started targeting Coca-Cola, Pepsi, and other brands, frantically buying up their stocks. Before anyone could react, they had already completed the bottom-fishing. This was happening all over the world, and soon Hurricane Investment, Standard Chartered Bank, and Neon Investment Company all had a lot of stocks in their hands.

It was only then that some people realized their stocks had been bought up at rock-bottom prices. In just one day, Hurricane Investment had become a major shareholder in multiple companies, holding a large number of shares. Hurricane Investment's bottom-fishing move did alleviate some pressure on the stock market, but their actions were not welcomed, at least not by the companies involved. They didn't want to see this happen, but they were powerless to stop it.

(End of this chapter)