American tax officials

Chapter 411 Stock Market War

Manhattan Precinct, New York.

David was still listening to a work report in his office when his phone rang, interrupting him. He picked it up and saw it was Elvis calling. He immediately answered, "Speak, what is it?"

"Inspector General David, I've just detected that the three major groups are planning to make moves in the stock market."

"Oh? They're finally coming!"

David wasn't too surprised to hear this, because he had already considered this idea long before the tax haven bill was passed.

Given the nature of Freemasons, it's entirely possible they would use the "pouring milk" trick to disgust him.

However, he also instructed Sean and the local bully families in each state to be prepared to immediately buy in should the stock market experience any changes.

"Yes, according to reliable intelligence, this is no small matter; they are prepared to pay a heavy price, and they plan to act as soon as the stock market opens at 9:30. Inspector General David, you'd better be careful!"

Elvis can't offer much help with the stock market situation; he can only offer reminders as best he can.

"Okay, I got it. Keep in touch."

After ending the call, David looked thoughtful.

Although he had long been prepared for the three major groups to manipulate the stock market, they did not do so immediately after the bill was passed. This indicated that there were internal divisions among them, and many people were unwilling to suffer further losses.

Now that this group of people has suddenly reached this consensus, there is only one explanation.

That's because he came to Wall Street and announced his move to take action against the foundation, which made them panic.

They wanted to use the stock market to put pressure on him!

However, David must admit that the three major groups' counterattack this time was quite targeted.

If the tax haven bill is passed, the three major corporations will immediately start manipulating the stock market. While the IRS and the corporations will face pressure, it won't be too great.

But things are different now. He's now on Wall Street and has announced a tax audit in the event of a stock market crash.

Those investors who suffered losses due to the stock market crash will certainly believe that his investigation caused the panic in the stock market, and all the blame will inevitably be placed on him.

Thinking of this, David's expression turned serious. He immediately picked up his phone, dialed Sean's number, and instructed, "The three major groups are preparing to manipulate the stock market. They're coming in aggressively this time, so you need to be prepared."

"Are they about to make their move...? Okay, I got it. I'll mobilize all my funds to take over!"

Sean was a smart man, and he immediately understood that the three major groups wanted to use this tactic to force David to back down from investigating Wall Street, so he solemnly agreed.

After ending the call with Sean, David immediately called the local gangster families in each state, told them about the incident, and told them to be prepared.

Even so, David's expression remained completely relaxed.

Now, his influence surpasses that of the three major corporations, both in Congress and in the White House.

However, when it comes to funding, even if he unites with more allies, he still cannot outmaneuver the three major conglomerates.

After all, this group of people controls the economic lifeline of the United States!

Unless he can give hope to all American stock market investors and get them on his side, or find a way to get the national team to intervene and rescue the market, it is unlikely that he can withstand the offensive of the three major groups this time!

After thinking it over, David picked up the phone again, and this time he dialed Thompson's number.

Washington, D.C., Thompson International Hotel

"The three major groups are quite decisive this time, creating chaos in the stock market. If David can't withstand it, the heavily damaged shareholders will naturally direct their anger at him, and then Wall Street can forget about investigating him!"

As a former president, Thompson naturally had his own channels, which is why he learned that the three major corporations planned to manipulate the stock market.

"Yes, Father. Although David had gathered many people to prepare, this time David has found their lifeline (the foundation). They will definitely do whatever it takes to create chaos in the stock market. I don't think David can withstand it. Perhaps we should..."

"Beep beep beep..."

Before Ivanka could finish speaking, the phone on the table rang, interrupting her.

Thompson picked up the phone and saw that it was David calling. He quickly gestured to his daughter to be quiet, then pressed the answer button and said, "What is it, Inspector David?"

"Have you heard that the three major groups are planning to manipulate the stock market?"

"I just received some news."

Thompson did not hide anything.

"They've come on strong this time, and I'm finding it difficult to deal with them. Just to be on the safe side, I'd like to invite Mr. Thompson to join us. What do you think?"

Thompson fell silent. He had been president, but he had spent most of his time as a businessman, so he knew very well that if he got involved this time and things went wrong, not only would the losses be severe, but bankruptcy was also a possibility.

After all, the three major groups have such immense financial strength that it's like a vast ocean, while his wealth is just a small stream in comparison.

What does it mean for a small stream to flow into the sea?

That would be swallowed up in an instant, leaving not even a trace!

Just as Thompson was still hesitating, his daughter Ivanka stepped forward, took his phone, and said firmly, "Inspector General David, this is Ivanka. Since you've invited us, we're willing to provide you with any assistance!"

Thompson looked at his daughter with some surprise after his phone was snatched away, but after his lips moved slightly, he didn't say anything to embarrass her.

"Really? Is this also Mr. Thompson's intention?"

Ivanka placed the phone back in front of his father and gave Thompson a gesture of agreement.

After frowning slightly, Thompson finally spoke into the phone, "Yes, Inspector David, since you've asked, our family is willing to offer assistance."

"Okay, Mr. Thompson, I appreciate your kind offer. I won't bother you any longer, Gubai..."

After ending the call, Thompson looked down at his daughter and demanded, "Tell me your reasons for agreeing to that."

"Father, although we've joined David's camp, we haven't made any significant contributions. Do you think Sean and those local tyrant families from various states will submit to us? They're definitely resentful deep down, but they're just keeping quiet out of respect for David. This time, however, is an opportunity for us!"

"You have a point, but if it were something else, I would definitely agree. But this is the stock market. Although our family has some money, it's not enough against the three major groups. If something goes wrong, our core base will be gone."

Although he was president, business was actually his core business, which is why he said that.

"Yes, our financial resources are no match for the three major corporations, but don't forget about the Kennedy family and the local powerful families in each state..."

"This group has some influence in politics, but even if they were united in the financial world, they would never be a match for the three major conglomerates!"

Before Ivanka could finish speaking, Thompson interrupted him.

"Yes, but Father, don't forget, we still have the IRS to back us up!"

"What do you mean?"

"Father, think about it. In any country's stock market, if it truly faces the risk of collapse, who will ultimately step in to save the market?"

"Of course it's the national team... You mean, if we really can't hold on, David might orchestrate a national team bailout?"

After his daughter's advice, Thompson finally came to his senses.

"That's right. The IRS's off-site tax avoidance law has been passed. They have plenty of money now. If we really can't hold on in the end, they will definitely operate in this way. At that time, do you think the three major groups can still continue to cause trouble?"

"But since the three major groups have already decided to take action on the stock market, and have probably already created some corresponding 'stingers,' it won't be so simple for David to manipulate the national team into entering the market..."

"Father, David managed to pull off a difficult bill like the tax haven law. Now it's just a matter of getting the national team involved to bail out the market. How could he not be confident? Trust him!"

"Alright, you're right, let's do it your way!"

Although the three major corporations are financially powerful, the IRS controls national tax revenue, and the passage of the off-site tax avoidance law has given them an even greater advantage.

If the operation is successful, then the actions of the three major groups will inevitably come to nothing.

So Thompson ultimately chose his daughter's suggestion.

……

With the three major groups constantly planning and the stock market opening approaching, many people in the stock market gradually noticed some abnormalities. In addition, a lot of rumors were circulating, which caused the focus of the whole country, which was originally on David's investigation of Wall Street, to gradually shift to the stock market.

Amidst widespread anxiety, the time finally arrived at 9:30 AM, and the US stock market officially opened.

Since the tax avoidance scheme was signed, not only small companies, but also major internet giants such as Amazon, Google, and Microsoft have seen their market value evaporate every day.

As expected, the stock prices of these major companies continued to fall when the market opened today.

However, the main focus today is not on them, but on more than a dozen investment banks on Wall Street, which began to sell off large amounts of stock in the companies they hold. Combined with the rumors that circulated before the market opened, this indeed caused panic in the market.

Soros's "herd effect" approach in finance quickly proved effective.

Seeing these Wall Street leaders selling off their company stock, worried investors naturally panicked and began selling their shares indiscriminately. In less than half an hour, the Nasdaq index in the United States began to plummet.

……

"David, why haven't those families you arranged for them made their move yet!"

"If we don't intervene soon, the stock market will collapse!"

"..."

In his office, David was having a video call with senior officials at the IRS.

Seeing the stock market crash and the Kennedy family's continued silence, many high-ranking members became restless.

David was also puzzled at this moment, but just as he was about to call Sean to ask, a senior executive suddenly shouted excitedly.

"Capital has entered the market to take over!"

Upon hearing this high-ranking official's shout, everyone turned their attention to the stock market.

As this senior executive said, a powerful force is frantically buying up the stocks that investment banks on Wall Street are dumping!

Following this, local powerful families in various states also invested in the project and joined in the takeover of these investment banks.

The reason why the stock market can cause panic is ultimately due to the lack of trust among investors, which leads to massive sell-offs.

Seeing so much capital flowing in, and with substantial bailouts provided, the previously volatile stock market suddenly saw a glimmer of hope.

When investors saw that their stocks were still worth so much, they felt more at ease, and the number of people selling began to decrease steadily.

And so, the stock market, which had been incredibly volatile for the first half hour, gradually stabilized.

"Great, that's wonderful!"

"These guys did a great job; they calmed the stock market down immediately!"

"Kennedy and the local powerful families in each state still have some influence, so for the time being, things have stabilized."

"Wait, everyone, don't get too excited yet. Right now, it's just Wall Street investment banks selling off; the big hedge funds haven't even entered the fray yet!"

Many high-ranking officials breathed a sigh of relief upon seeing the stock market stabilize.

But when a senior executive mentioned Wall Street hedge funds, their hearts sank again.

The investment banks that are making moves now are indeed minor players compared to the three major groups. The giant companies controlled by figures like Soros and Buffett haven't even been touched yet.

"Look, they're selling off!"

While everyone was still deep in thought, Donald's words interrupted their thoughts.

Everyone turned to look at the screen, where the market, which had been trending towards calm, began to fluctuate again due to a large sell-off.

Seeing this, although everyone was a little anxious, they could only patiently watch how things unfolded.

At the same time, within the Kennedy family.

"Father, they've started selling!"

Serena's expression turned serious.

As a top student in the economics department at Harvard University, he was well aware that what they had taken over before was just an appetizer.

If they really want to successfully intercept it, they'll have to go up against the real hedge funds on Wall Street.

"Is the funding all ready? Don't mess it up!"

Sean's expression also looked somewhat solemn.

"I have already informed our family that all available funds have been mobilized. Now we can only wait and see how the situation develops."

"Alright..."

Besides the Kennedy family, the local powerful families from various states who have partnered with David are also mobilizing substantial amounts of their family funds to continuously join this stock market battle. (End of Chapter)

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