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Published at 3rd of January 2022 12:30:12 PM


Chapter 588

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In fact, Sophia didn't want to pay attention to them, but the isabelles begged hard. The loss of nearly $3 billion was enough for them to spend the rest of their life in prison. Moreover, they also borrowed money from gangster banks. This can't be solved by bankruptcy. They want life or money.

In particular, when the financial tsunami hit and the gangster banks went bankrupt, they had entered the edge of madness. If they had no money, they would take human lives to make up for it. Isabel, once a noble countess, was also extremely distressed and embarrassed by them.

Old Ronson also had a large deficit in the subprime mortgage market. He worked in vain for ten years and lost badly. He said to Isabel, "no one can save you except the third sister."

Sophia thought of her old love and had to save her. Mark repeatedly said that the family business has been on the right track and there is no need to engage in any risky business. Sophia bought the futures index on a large scale with her own equity pledge in order to help her sisters.

Because Mark said that if Lehman Brothers goes bankrupt, the stock market will fall sharply. This is a good time to fry the futures index. However, mark meant that it is good to play, mainly to make up for losses, which is just equivalent to some kind of hedging.

Sophia repeatedly assured mark that she would use the family fund to fry the futures index. If she won, she would take out part of the family fund to fill the pit for Isabel, and if she lost, she would count her.

This is borrowing chicken to lay eggs.

Or mark atmosphere: "as the chairman of the family fund, your decision is the decision of the family fund. Whether you win or lose, it is the decision of the family fund."

Mark is standing and talking without pain. They are sure to win. Of course, he is the only one who has the perspective of God in this world. With the huge asset scale of their group, they can easily earn billions.

MM's continuous success and rapid rise have aroused the high attention of old Ronson. The key to his standing for decades is to follow the winner. Mark is a genius at the level of Bill Gates he has never seen. After knowing the trend of Wang family fund, his funds quickly followed up and did not forget to support his other children.

Therefore, in the financial tsunami sweeping the world, the ronaldson family not only filled the hole, but also made a small profit.

Four years ago, the royal family lived on the blessing of the ronaldson family, and now they have completed the back feeding. Since last Christmas, Mr. and Mrs. David did not participate in the annual meeting of the ronaldson family, and took the initiative to give up the inheritance right of the family property. In Isabel's flattering words, "the third sister has long despised this little money."

The new tradition of the Wang family is to spend Christmas in the mansion of David Beverly Hills. They will form their own tradition and a family is rising.

Therefore, today, Princess Maxi Tian and several sisters and brothers of Sophia came to congratulate him. They called him to visit his grandson. Old Ronson didn't come, but he called to congratulate him personally. It was a great victory to keep the family assets from shrinking at the dangerous moment of the financial tsunami. Therefore, he looked at mark differently.

The drastic changes in the economic field have brought about changes in people's psychology, and people lose their sense of security more and more.

In this sense, the coming financial crisis is tantamount to "9.11" in the economic field of the United States. The American people began to question the government's decision-making ability. The results of public opinion polls published by several news media showed that 78% of the respondents believed that the current national line was wrong. This subtle change in popular sentiment will undoubtedly play a "power" in the upcoming white hot US general election. Therefore, presidential candidates Ao Guanhai and McCain of both parties have spared no effort to criticize the current government's decision-making, but also enthusiastically released "tricks" to solve the economic dilemma in order to win over these voters.

(of course, this is serious bullshit. If they had this ability, they would have gone to Wall Street to make a lot of money.)

The financial crisis also has a direct impact on personal life. Inflation, business failures and economic difficulties have reduced people's ability to pay, which has not only increased the number of people who can't afford housing loans, but also greatly reduced the quality of life of many people. Since last year, ordinary Americans have complained that they have to think about and reduce their daily expenses again and again.

This is not only for ordinary people, but also for the rich. The landlords have no surplus food, so it is the greatest thing to counter the attack in the tsunami. Sophia has also become one of the members of the presidential Economic Advisory Committee designated by Federal Reserve Chairman Bernanke, and said that Sophia will be named as a member of the Federal Reserve.

The 2008 financial tsunami is regarded as the most serious financial crisis in the history of the United States. Bernanke, then chairman of the Federal Reserve, led the world to tide over the financial tsunami safely, but the course is still controversial.

For the Rightists, their interference in the market, such as the introduction of quantitative easing, may lead to inflation and impact on the US dollar; For the left, his measures were partial to Wall Street and did not take into account the civilian population.

In an interview with reporters, Bernanke described in detail the difficulties he faced as chairman of the Federal Reserve; Uncooperative congressmen, noisy regulators and argumentative hawks went to Europe to defend the decision of the reserve bureau. He pointed out that if the reserve bureau did not intervene, the fate of the United States would be worse.

If the Federal Reserve did not intervene, the fate of the United States would be worse. Bernanke was appointed chairman of the Federal Reserve in 2006. In an interview with reporters, he lamented that he had retired in South Carolina and was full of baseball scores and economic history, but unexpectedly became the helm of the reserve. His academic expertise in the Great Depression made him a suitable candidate.

On New Year's day last year, the subprime mortgage crisis intensified. Bernanke sent an email to his colleague Cohen of the reserve bureau and Geithner, then president of the Reserve Bank of New York. He was worried that the reserve bureau was hesitant and the interest rate was too high under the condition of economic deterioration. "Part of the game is confidence. Feeling ignorant and uncertain doesn't help.".

In his second year in office, Bernanke was right to be strict with himself. Without his knowledge, the United States has entered a great recession, and he will soon need to catch up with it. Even if he and his colleagues were shocked by the magnitude of the crisis, they could not prevent a recession that left millions of Americans unemployed.

For him, the collapse of the economy from 2007 to 2008 was seen as a direct result of the failure of the rice fed to control the property bubble. He thought the more important reason was that the financial sector and the entire economic environment had lost confidence in panic. He believed that the ensuing financial crisis was "the worst in human history".

Bernanke admitted that the Fed underestimated the risks of the housing market and failed to imagine how the combined threats would lead to a serious collapse of the financial system., But Bernanke was careful to draw a line with former chairman granspan, saying that he had always believed that strict supervision was essential to prevent the risks posed by the business cycle.

However, Bernanke and his colleagues have invested trillions of dollars to stimulate the economy, and the recovery of the U.S. economy is still so slow. This is unsatisfactory, partly due to the sudden suspension of stimulus measures by Congress in the financial crisis.

Bernanke declared publicly: "without the full cooperation of members of Congress, the Fed can do very limited."

However, Congress does not eat this set. They are all human spirits. Why don't you say so when you cooperate with enterprises and make a big profit? Why don't you share it with Congress? Now it's difficult. When you think of Congress, you pull Congress to carry the pot. We don't carry the pot.

Should Lehman Brothers save? After the subprime mortgage crisis, he dares to take over the subprime mortgage business, hoping to package it into other financial products and sell it to ordinary people. In the end, he wants the government and the people to pay the bill. They don't even have the most basic attitude and consciousness of a rescued person. According to a public opinion survey, more than 80% of the respondents think Lehman Brothers should die and don't pull these people to shoot, Not enough to calm the world's public anger.

Now it has finally collapsed. The current practice of the Fed is to enter the crisis response mechanism and enter the slow self-help stage. In this time of turmoil and panic, not only the people have lost confidence, but also some members of the Fed have lost confidence. Someone has proposed to resign. At this time, a fierce man who was successful in the counter attack in the financial tsunami is invited to join the Committee, It is very necessary.

As early as 1975, Bernanke received a bachelor's degree in economics from Harvard University and a doctor's degree from MIT in four years. He taught at Princeton University for 17 years, served as the chairman of the Department of economics, became a visiting scholar of the Federal Reserve since 1987, and then worked at the Federal Reserve Bank of Philadelphia, the Federal Reserve Bank of Boston and the Federal Reserve Bank of New York; In 2002, he was appointed by Bush as one of the members of the Federal Reserve. In June 2005, Bernanke served as chairman of the president's Economic Advisory Committee and took over from Greenspan as chairman of the Federal Reserve on February 1, 2006.

Bernanke is a scholar official with rich economic theories. He is qualified to win the Nobel Prize in economics. However, instead of concentrating on his knowledge, he is obsessed with his official career. While his official career is accessible, he is far away from the Nobel Prize.

Bernanke has theory and rich administrative experience. He is a rare generalist. He has rich contacts and experience in the Federal Reserve System. He replaces Alan Greenspan, the most powerful and prestigious in history, and encounters the most serious financial crisis in contemporary history. His pressure is not small.

The first thing I did was to use the first killing skill in officialdom, shirk responsibility, pull people into the water and blame each other. I worked hard and saved the city by crossing the river with eggs for more than half a year. Finally, I let a group of thieves in Congress, bad things, saved six months in vain and spent a lot of money in vain.

Then he made a series of market rescue policies. There happened to be a member who could no longer perform his duties because of the bankruptcy of the speculation SDO. It was imperative to replace him. He noticed the Sufia who led the Wang family fund to complete the counter attack in this bear market. This dazzling achievement also came into the sight of many leaders of the Federal Reserve.

They are willing to believe that the brilliant achievements of the Wang family fund are the credit of Sophia Wang Ronson, in which she plays a major role.




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