The Great Sage Returns from Ten Years of Imprisonment

Chapter 269 The Stupid American Treasury Secretary

Around 11 p.m. to midnight, stock markets across Europe closed one after another.

As Lingyun predicted, major European stock markets all closed with a sharp drop, and the market was in a terrible state!

But little did people know, this was just an appetizer.

The most frenzied wave of the crash didn't truly arrive until after European stock markets closed.

From midnight to 1 a.m., a barrage of negative news, as if by prior arrangement, came one after another, quickly turning the international financial market upside down.

These include a rapid deterioration in credit data, a sharp rise in interbank lending rates, banks' reluctance to lend, a complete freeze in the credit market, and the expiration of the first phase of the short-selling ban on US stocks.

Hit by a barrage of negative news, the US stock market's decline has intensified and is almost completely out of control!

Until 2 a.m., an event occurred that completely shattered market confidence!

In the office area of ​​the United Securities investment team, an analyst responsible for closely monitoring international financial news suddenly shouted:

Breaking news: US Treasury Secretary Paulson just gave a public speech saying that more banks will fail before credit conditions recover!

Upon hearing this news, everyone was stunned!

Only Ling Yun secretly chuckled to himself!

Before he could respond, Mr. Chen and his team, having realized what was happening, immediately started yelling and cursing.

"Holy crap! Is Paulson some kind of idiot? How did he become the former CEO of Goldman Sachs and the US Treasury Secretary? Even an idiot is better than him!"

"At such a critical and precarious moment, who gave him the audacity to make such a public statement? Is this guy trying to destroy the international financial markets?"

"What an idiot! Is it possible that this bastard is just like us, massively shorting the international financial markets? He doesn't care if the bulls live or die!"

Ling Yun glanced at President Chen and his group, who were shouting and yelling but were actually extremely excited, and nodded with a smile.

"Hahaha, Paulson is certainly not an idiot. I actually admire Paulson's current approach; it's somewhat about destroying the old before building the new!"

"The international financial market will not completely collapse, as that would mean the end of the dollar's hegemony. The US government and Wall Street will never allow that to happen; the time is not yet ripe."

"But Paulson's seemingly thoughtless speech will definitely deal a heavy blow to the international financial markets, shattering the last glimmer of hope for a market bailout!"

"Just watch, everyone. An unprecedented wave of panic selling is about to hit. For us, this couldn't be better; we can just sit back and count our money..."

As if in response to his judgment, before he could even finish speaking, the most frenzied plunge of the day had already struck!

As if hearing a rallying cry, countless panic sellers surged out from every corner, selling off indiscriminately and frantically crashing the market!

As Lingyun said, more and more bulls have completely lost hope in the market rescue and are fleeing in droves!

Everyone is afraid of being a step behind others, which could lead to greater losses or even instant bankruptcy!

The result was that the three major US stock indices plummeted as if they had taken a laxative, with each candlestick chart plunging straight into the abyss!

Less than ten minutes after Paulson delivered his public speech, the three major U.S. stock indexes plummeted below -5%, with all sectors and all stocks experiencing a sharp decline.

The financial sector suffered the most severe decline, falling below -9% in the blink of an eye, showing no signs of turning back and heading straight for hell!

Seeing this, everyone on the United Securities investment team was stunned!

Even though he had expected it, Ling Yun still felt a series of heart-pounding fears, but even more so, he was trembling with excitement!

He understood that the investment teams he led had made a fortune, and the investment dividends that would ultimately fall into his hands would be astonishing!

His women will also make a fortune tonight and become even richer!

Mr. Chen and his team, as well as everyone in the United Securities investment team, were all shocked by what they saw!

While they were all amazed, everyone admired Ling Yun immensely!

At this moment, no one questions his prediction of Black Thursday; all that remains is endless admiration!

"The moment has finally arrived. I must say, Xiao Ling is truly amazing."

In a lounge inside the lake, watching the three major US stock indices plummeting on the projection screen, Vice President Wang sincerely expressed his feelings.

On the single sofa next to him, Vice President Wang's direct superior smiled and nodded in agreement.

"This kid's depth of research into international financial markets and the accuracy of his judgments are astonishing, even bordering on miraculous!"

"Now that the global stock market crash has occurred as expected, the international financial markets will likely follow his predictions in the coming days."

According to him, governments and central banks in Europe and the United States, as well as Wall Street, will soon find the right way to save the market, including direct fiscal injections and nationalization.

Upon hearing this, Vice President Wang and the other two SZs nodded in unison.

"This kid is indeed incredibly skilled. At the current rate, this global stock market crash should continue until the weekend!"

"That's right. Those guys on Wall Street aren't idiots. After trying various market rescue methods without success, they'll inevitably think of fiscal injections and nationalization!"

"That's right. With Roosevelt's New Deal from the last century as a shining example, those guys in the White House and Wall Street, unless they're complete idiots, will eventually wake up!"

The person on the single sofa nodded, smiled, and continued:

"In that case, we can take advantage of this situation and create a time difference. We can call Treasury Secretary Paulson when the US stock market closes on Saturday morning."

"Tell Paulson that the most effective way to save the market right now is through fiscal injection and nationalization. I believe this will wake up the US government and Wall Street!"

"We can't offer such a good idea for nothing. The US must make some gesture, such as ensuring that US Treasury bonds are repaid on schedule and demanding that Goldman Sachs repay the debt owed to Yuanda Group."

As soon as he finished speaking, Vice President Wang smiled and nodded in agreement.

"Haha, this is the best way to handle it. It maximizes the benefits. Ling Yun will be very happy if he finds out about this."

As he laughed, the other SZs also chuckled softly.

After a brief discussion, this small-scale meeting, destined to impact the entire international financial market, quietly came to an end.

Several SZs got up and left the meeting room to go back to their respective residences to rest!

They are no longer young, and naturally cannot, like Ling Yun, stay up all night directing various investment teams to frantically sweep through the international financial markets!

at the same time.

The plunge in the US stock market continues, with panic selling intensifying and the three major indices plummeting without any resistance!

The New York Stock Exchange, stock trading floor.

"Sell, sell, sell, sell it all..."

A panic selling frenzy is unfolding here, with countless investors and institutions completely losing their rationality!

Upon receiving the trading orders, numerous traders frantically adjusted their quotes and sold off their shares at any cost!

The other traders held their heads in their hands, watching the market index and individual stock prices plummet in despair, each one looking as if they had lost their parents, wailing incessantly!

"Fuck! Morgan Stanley has plummeted to -25%! Is it going to go bankrupt in a day?"

"Look at General Motors! It's plummeted by over 30%, the lowest price since 1950. Has GM gone gray in over 50 years? That's fucking unbelievable!!"

"This drop is nothing! Xinli Financial has fallen by over 60%, several of my clients have gone bankrupt, and I'm sure many will jump off buildings to commit suicide today!"

"I swear, I swear I'll never run into that son of a bitch Paulson, or I'll kill that idiot!"

Just then, a trader who had just received the instructions suddenly screamed in terror.

"Breaking news: AIG Group is on the verge of bankruptcy, and government bailouts have had no effect..."

Before the words were even finished, AIG Group's stock immediately responded with a sharp drop.

In the blink of an eye, AIG Group's stock price plummeted to nearly -40%!

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