The Great Sage Returns from Ten Years of Imprisonment

The US stock market opened on time at 9:30 a.m. Eastern Time.

As Lingyun predicted, the US stock market opened lower and continued to decline.

Affected by the sharp drop in the US stock market at the opening, European stock markets, which are currently in trading hours, continue their downward trend and have begun to accelerate their decline.

International commodity trading markets, international crude oil futures markets, international foreign exchange markets, and bond markets all followed suit, accelerating their declines simultaneously.

The news immediately caused a stir at the financial summit.

Immediately afterwards, everyone in the room turned to look at the podium at the front of the hall, at the leading figure of the Chinese delegation who was about to give a speech, and at the Chinese delegation members sitting in the very center of the front of the hall.

Many financial luminaries, including Paulson, Lloyd, and Buffett, unconsciously diverted some of their attention to Ling Yun, who was standing to the side of the podium, preparing for simultaneous interpretation.

Few people paid attention to the leaders who convened and hosted this global financial summit, including the cowboy president and Paulson.

This situation has arisen because everyone has come to understand it.

As the instigators of this global financial crisis, the US government and Wall Street have repeatedly demonstrated through their poor performance that they have no way to save the global financial market or stop the global financial crisis from spreading.

Hoping they can turn the tide is like hoping the sun will rise in the west!

The reality is that if any country is truly able to turn the tide, it can only be hoped that other economically powerful and responsible countries or economies will step forward.

Very few countries possess this capability; you could count them on one hand, or even just one.

Looking across the globe, many professionals have turned their attention to China.

Today, China is the world's second-largest economy, and its image as a responsible major power is unshakeable. With these two characteristics combined, who else but us can claim the title?

In the eyes of financial giants like Lloyd and Buffett, the existence of Ling Yun, this newly crowned investment god, is also one of the reasons why they favor China.

As they spoke, the leading figure of the Chinese delegation walked to the podium, ready to begin his speech.

Not far to the side, Ling Yun and another simultaneous interpreter were already in position and ready.

After the opening ceremony hosted by President Cowboy, the Chinese delegation was the first to take the stage and deliver a speech that lasted for an hour.

This shows the importance that this financial summit attaches to the Chinese delegation; everyone and every country is hoping that China can save the international financial market.

Compared to the Chinese delegation, the delegations from some other smaller countries attending this financial summit seemed more like they were there to make their presence felt and simply go through the motions.

On the podium, Ling Yun turned his head to look at the bleak international financial market situation displayed on a large screen on the side, and a slight smile crept onto his lips.

He then turned his gaze to the primary person he was serving, who was standing on the podium.

Their eyes met, and the man nodded slightly before beginning his speech.

Ling Yun nodded slightly in response and immediately got into work mode, beginning simultaneous interpretation.

After greeting and waving to the heads of state and all attendees, the man behind the podium immediately got to the point.

He delivered a vicious punch to the US and other developed Western countries, striking at the heart of the Western world's vulnerabilities.

He unequivocally pointed out that the previous subprime crisis, and the current global financial crisis, originated entirely from the Western world, from Wall Street, and from those insatiably greedy Western governments and financial institutions.

He firmly opposed the propaganda war launched by the US and Western governments, financial institutions, and news media to blame the financial crisis on emerging markets.

He then emphasized in an unequivocal tone that the responsibility for the outbreak of this global financial crisis lies with the developed economies of the United States and the West, and with Wall Street!

The crisis stemmed from various factors, including inappropriate macroeconomic policies, lack of financial regulation, excessive financial innovation, and uncontrolled risks in developed Western economies.

Ling Yun provided simultaneous interpretation while the speech was being delivered.

His translation was extremely accurate, well-organized, with standard pronunciation and precise word choice; there wasn't a single mistake.

In fact, he had read the speech beforehand and had even participated in its writing, so translating it was naturally a breeze for him.

One stone caused a thousand waves!

Upon hearing this speech, a commotion immediately broke out in the hall, with many people buzzing and whispering among themselves.

"Wow, the Chinese side is so well-prepared! Their research and understanding of this financial crisis and international financial markets are truly remarkable!"

"Did you hear that? China is standing up for all emerging market countries, which aligns perfectly with their series of activities last night."

"That's right. The responsibility for this financial crisis lies with the developed Western countries and Wall Street. Those greedy financial institutions must compensate us for our enormous losses."

As the Chinese delegation clearly stated its position and attitude, the atmosphere at the scene quickly changed.

A sense of shared hatred quickly emerged, especially among delegations from emerging market countries.

In the area where the delegations from the G7 countries and Wall Street tycoons were gathered, many people had a look of worry on their faces.

"This analysis is incredibly insightful, hitting the nail on the head. The Chinese delegation has some truly brilliant minds!"

"Their understanding of this financial crisis is even superior to ours. It seems we must pay more attention to China's financial market and can no longer be as arrogant as before."

"This speech alone shows that the Chinese delegation has grand ambitions for attending the Global Financial Summit, but we are in a position to rely on them and can only watch helplessly."

While everyone was discussing it, the speech on stage continued and gradually reached a climax.

"To save international financial markets and prevent this global financial crisis from causing even greater damage, or even completely destroying the entire international financial market, a global joint rescue effort is urgently needed."

"Especially recently, with the international financial markets experiencing a continuous plunge, it is imperative to introduce strong market rescue measures to stabilize the international financial markets in the short term and provide all countries with a breathing space."

Based on this assessment, we propose the following measures for short-term market intervention, which we believe will play a role in preventing further declines in international financial markets and can also serve as a reference for other countries.

"Our first proposal is that participating countries can adopt measures such as interest rate cuts and capital injections to restore market confidence, curb the spread of the crisis, and stabilize the financial system."

"The second core proposition is that countries can adopt measures such as expanding domestic demand and increasing employment to promote the growth of their respective real economies and prevent the spread of economic recession."

"The third core argument is that the old international financial market order is outdated and must be reformed to establish a fair, just, inclusive, and orderly new international financial market order."

"The fourth core proposition is that, in order to mitigate the impact of the financial crisis on global markets, all countries must resolutely oppose trade protectionism and promote global trade and investment through various effective measures..."

Upon hearing this, many financial tycoons, including Buffett, could no longer remain silent.

"What did I just say? The Chinese delegation's ambitions are far greater than I imagined; they're trying to establish a new order in the international financial market!"

"My God, the proposals put forward by the Chinese delegation are brilliant! Every single one hits the nail on the head regarding the crux of this financial crisis!"

While whispering amongst themselves, Paulson and Lauder looked at Ling Yun again.