The Great Sage Returns from Ten Years of Imprisonment
Chapter 368 Obama's Scheme
The first wave of votes, announced around 7 a.m., essentially foreshadowed the outcome of this presidential election.
In the subsequent state election results, Obama consistently maintained an advantage, and that advantage grew larger and larger.
Upon seeing this situation, the international financial market immediately responded positively.
The Australian and New Zealand stock markets, which opened earliest, immediately accelerated their gains.
At that moment, the U.S. Treasury Department and several other key departments suddenly released a series of announcements, which stunned everyone and sent shockwaves through the international financial markets.
Countless people who were full of expectations and waiting for a surge in the international financial markets were doused with a bucket of ice water, feeling chilled from the top of their heads to their heels.
The first announcement released by the U.S. Treasury Department was the country's non-farm payrolls and unemployment rate data for October.
The U.S. lost 24 non-farm payroll jobs in October, and the unemployment rate reached 6.5%. These two figures indicate an employment collapse and a full-blown wave of corporate layoffs.
Moreover, everyone knows that this is data that the US government has put a lot of effort into embellishing, and it still looks terrible.
The actual employment figures are likely many times worse than this.
Putting aside other issues, the number of unemployed people in the financial sector alone is in the hundreds of thousands.
In October, numerous financial institutions, both large and small, collapsed one after another, like dominoes falling.
Every time a financial institution goes bankrupt, thousands or even tens of thousands more people will become unemployed.
For a considerable period of time, these unemployed people in the financial sector will have virtually no chance of finding new employment.
Many of them will soon fall below the threshold of ruin, losing their savings, houses, and cars, and then end up on the streets, begging, with no chance of ever turning their lives around.
Before long, the bodies of a significant number of them will be lying in the stinking ditches by the street, some even missing important organs.
Following the dismal non-farm payroll and unemployment figures came even worse non-manufacturing and service sector data, both hitting record lows.
The service sector, which accounts for 70% of the US GDP, has been plunged into a deep contraction.
With the release of this series of announcements, the previously jubilant international financial market was suddenly thrown into disarray, as if struck by a thunderbolt.
Stimulated by this series of huge negative news, the previously soaring Australian and New Zealand stock markets immediately turned downwards, beginning a spectacular plunge.
In just over ten minutes, the Australian and New Zealand stock markets erased more than 4% of their gains, plummeting into the red.
Then it continued to fall rapidly, and the decline soon exceeded -2%.
Seeing this, Ling Yun smiled happily.
The senior executives of the investment teams under his command, as well as the insiders of numerous state-owned financial institutions who followed his lead, were all beaming with joy.
Before you knew it, it was already eight o'clock in the morning.
Amidst turmoil, the Japanese and South Korean stock markets opened.
The surge that countless bulls had hoped for did not materialize; instead, a sharp drop at the open and a panic-driven decline followed by a continued downward trend occurred.
The Nikkei index opened 2% lower and continued to fall, quickly dropping below -4.5%.
The South Korean stock market, which is smaller and more vulnerable, suffered an even more devastating and catastrophic decline.
Seeing the performance of the Japanese and South Korean stock markets, Lingyun clapped his hands excitedly.
"Great! The way the Japanese and South Korean stock markets are falling basically confirms today's trend in the international financial markets. We've got it covered!"
After cheering to himself for a while, he got up from the boss's chair and prepared to go downstairs for breakfast.
The swallows had already called once before.
He was so focused on the US election and the international financial market that he didn't have time to eat!
Just as he walked around the desk, his phone suddenly rang.
It was a call from Director Li of the State-owned Assets Supervision and Administration Commission.
Upon seeing the caller ID, Ling Yun immediately pressed the answer button and held the phone to his ear.
"Good morning, Director Li. I didn't expect you to call so early. Is there some good news to tell me?"
Before he could finish speaking, Director Li's laughter rang out.
"Haha, it's not early for me, it's because I didn't sleep at all last night, I stayed up all night, so of course it's early!"
"At this critical juncture of the US election, we must keep a close eye on it so that we can respond to any unforeseen circumstances immediately."
"You saw that series of announcements from the US Treasury Department just now, right? It was almost exactly as you predicted. Your predictions were absolutely amazing."
"We guessed that the US economic data for October would be bad, but we didn't expect it to be this bad. It's a complete shock!"
"The tide has completely turned in the international financial markets, and a sharp decline has begun. A full-blown crash in the international financial markets today is a foregone conclusion, and even Obama's election and new policies cannot reverse this trend."
Ling Yun chuckled softly and then made a few more teasing remarks.
"What did I say before? As soon as the outcome is certain and the election is beyond saving, the current US administration and the cowboy president will definitely retaliate immediately, and sure enough!"
"For us, this is undoubtedly a fantastic opportunity. Not only can we make a fortune, but we can also enjoy a spectacular show for free. Just thinking about it is awesome!"
"This wave of sharp declines will last at least three days. We don't need to rush to close our positions and reap the rewards. Let's get ready to sit back and watch the show. The Democrats and Obama will definitely launch a counterattack..."
Upon hearing his words, Director Li laughed even more heartily.
Next, Lingyun and Director Li had a brief discussion about the US election, the trends in international financial markets, and their own response strategies.
The discussion, which was supposed to be a simple one, lasted about twenty minutes before it ended.
During this period, Chairman Lou and Chairman Zhao called or texted one after another to report the latest news and share their excitement.
When they learned that Ling Yun was on the phone with Director Li, discussing the US election and the situation in the international financial market, they hung up the phone on their own initiative.
He told Lingyun that he would call them again when he had time.
After finishing his call with Director Li, Ling Yun casually dialed Chairman Lou's number and walked towards the stairwell while talking to Chairman Lou.
When he arrived at the restaurant downstairs, Yanzi had already prepared breakfast and set out the tableware.
Not only that, she also turned on the TV hanging on the restaurant wall and tuned it to the international financial channel.
Seeing the situation in the restaurant, he nodded approvingly.
Then he sat down at the dining table, talking on the phone with Chairman Lou while watching international financial news, and also trying to eat and spend time with Yanzi. He was extremely busy!
Meanwhile, on the other side of the ocean.
The US election is in full swing, and as time goes on, more vote counts from various states are being released, including some key states.
As Lingyun predicted, Obama's lead grew larger and larger, leaving McCain further and further behind.
Even some traditionally pro-CCP states have now turned against the Democratic Party and sided with Obama.
But at this moment, Obama was furious at the series of actions taken by the current US administration and the Treasury Department.
Watching the international financial market quotes plummeting on the television screen, along with those glaring announcements, Obama was furious.
"Why did these damn bastards have to release the non-farm payroll and unemployment figures today? It's clearly just to annoy me, it's so damn malicious!"
"Don't be too happy yet. This isn't over. Once I'm in power, we'll settle this score slowly. I'll definitely get my revenge."
The campaign headquarters lobby was crowded and noisy, so Obama could only silently grit his teeth in his heart.
Just then, his chosen successor as the next Treasury Secretary, Geithner, suddenly approached and casually handed him an envelope.
"Barack, this is the information on that Chinese investment genius I mentioned before. Take a look when you have time."
"This kid will be coming to Washington in a few days. I'll try my best to create an opportunity for you to meet him."
"If we can reach a cooperation agreement with this kid, that would be ideal. Even if we can't, listening to his analysis of this financial crisis would still be very beneficial."
Obama took the envelope and murmured a few words of reflection.
"Wow! That's amazing! It seems I really need to get to know this investment genius!"
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