Harry Potter’s Morning Light

  Chapter 551 Mudfoot Giant

"are you fine?"

"much better."

  Severus sat in a chair and took the black tea Pomona handed him.

  The chair in which the child sits is too small for an adult.

  In the third grade of the magic school, he has to learn the transformation of tables and chairs, so that the children can adjust the height of the tables and chairs by themselves in the future, but Pomona feels that he does not need to do this now.

  Severus began to bear a lot of pressure again, and people will always be overwhelmed with pressure, and crying will make it much better.

  Slytherin will not expose their fragile side to the world. They always appear arrogant and terrifying, and only a few people will see their weak side.

  In other words, they don’t sell miserables to win the sympathy of others, and they are stingy with hypocrisy. Lucius donated money to St. Mungo for tickets to the top box of the Quidditch World Cup.

  The glamorous albino snake was also miserable. When Pomona and the others first returned to human society, Lucius had a problem with alcoholism. His failure to be imprisoned in Azkaban made many people unhappy, and he was restrained everywhere.

  This Muggle financial crisis will give him a new opportunity. He can not buy up, but go short in the opposite direction. Anyway, this disaster cannot be stopped, so why not make a fortune?

  In addition to silver speculation, there is another place to operate, and that is CDS, a credit default swap contract.

  If there is no CDS, subprime mortgage is a kind of speculation, and any manager with a cool head will not be fooled.

They are not the sheep in the herd effect, but the elites who have learned game theory. The creditor rights guaranteed by CDS are generally various bonds with different creditworthiness. These CDS sellers evaluate the ABS and MBS that are originally B-grade. It is A-level or AAA-level, like a wolf in sheep's clothing, which is difficult to identify. After packaging by an investment bank, the CDO in the hands of a hedge fund manager will be confused.

  CDS is equivalent to guarantee or insurance. If the plumber repays the loan as scheduled, then he takes away the "premium". If the plumber does not repay the mortgage, then CDS will repay the plumber.

In essence, it is a tool for gambling. Hedge funds often use this to bet against investment banks. If the investment bank can’t take out the CDO, the hedge fund can also receive cash flow from the CDS to guarantee its own income, which is equivalent to a hedge fund. Get a risk-free investment, provided that CDS does not default.

  High-quality credit customers are limited. If the standard is lowered to turn B-level customers into A-level customers, then CDS suppliers can sign more such agreements and make more money.

He turned these "insurance policies" into bonds or other products to sell to others, and so on. If the plumber who took the loan repaid the mortgage on time, everyone would eat meat. If the plumber defaulted, everyone would be unlucky. The loan company would dare Loans to plumbers are due to the Federal Reserve’s 1% interest loan. This is to stimulate the recovery of the economy. The loan company grants 5% interest to plumbers. The loan company can still earn 4% interest. The Federal Reserve will raise interest rates. 10% interest, the loan company continues to use 5% interest to lend to the plumber, then he will lose money, no one can buy a house if he can’t get the loan, the real estate that has been bullish will fall, and a house worth $1 million will fall to 75. Million, smart people will sell, and once the downward trend in housing prices takes shape, it can’t be stopped.

A water pipe repairer could not earn much money. He chose to default and the house was taken back by the bank. The bank was unable to maintain the income. The bank borrowed 1 million and only recovered 750,000. If one or two people can’t afford it, it’s okay, but many people pay it back. Inability to afford it will cause the chain to collapse, and CDS will not be able to pay so much money. If investment banks such as Lehman and Morgan declare bankruptcy, the principal of the hedge funds will not be available. Who can afford to lose billions of dollars.

The logistics of the villain are displaced, the big ones lost their homes, and the financial institutions of the Tesla level cannot go bankrupt. Part of the reason is their huge employee base, the power of the sea of ​​people, a drop of water in the sea, you can’t feel it, your little greed, I A little slippery head, the accumulation of less and more will form an unknowable huge force, enough to drive the wheel of fortune.

  No matter how great the heroes in history are, they will try their best. In the end, it is countless ordinary people who determine the direction of the world.

  If Roosevelt’s fireside talk did not work, the Americans would still put their money in their homes instead of depositing them in the bank. Deflation would not be resolved, and the United States would become a Latin American country. The ending of World War II would be unknown.

  Before the Sino-Japanese War of 1894-1895, Japan purchased 30,000 tons of coal and 3,000 shi of rice from the Manchu Qing Dynasty. After the war began, his subordinates suggested that Li Hongzhang should stop supplying them, and Li Hongzhang continued to supply them on the grounds that "orders are prior to discord."

  The defeat and weakness in the Sino-Japanese War of 1894-1895 was not a moment. The self-improvement movement has been engaged in for more than 30 years, and it has not improved at all. With the 200 million taels of silver, Japan has advanced by leaps and bounds.

  In the middle of the Warring States period, Qu Yuan had implemented a series of reforms. He didn't want to form an alliance between the old nobles and the old clan secretly to poison the king when Chu was just getting better.

  In George Macartney’s memoirs, this is how he recorded the mission to China and visited Qianlong.

The British mission presented a number of national gifts to the Qing government, including: muskets and other weapons, binoculars, globes and other astronomical instruments, clocks and watches, a British model of the most advanced 110 gunboats, and a giant chandelier. , To be installed in the Old Summer Palace.

  Its structure is very complicated. There are hundreds of parts. Macartney originally thought that he would need a British craftsman to install it. As a result, two Chinese craftsmen researched for half an hour before installing the giant glass lamp.

  The Chinese people’s dexterous thinking and superb hands-on ability amazed Macartney, but he soon dismissed it. "Compared with Europe, they are great in trivial things, but insignificant in big things."

At that time, the envoy gave a lot of guns to Qianlong. This did not cause the 83-year-old and old emperor to pay any attention. He put them in a treasure house until the Eight-Power Allied Forces rushed into the Old Summer Palace in 1900. Only then was rediscovered.

  At that time, their surface was covered with dust, and they were not even opened at all, let alone study them.

An old man has no dreams about this world. The only thing that can make the aging Qianlong feel interesting is Thomas Stewart, a young man in the envoy. The East in Marco Polo's Travels seems to be a perfect paradise, but what he really sees is the same. It's different in travel notes.

  It took him almost 10 years to translate and introduce the "Laws of the Qing Dynasty" to the UK. This is the first book in China translated from Chinese into English.

  After returning to China, he used the collected information to write a book and elaborate on his understanding of China’s politics, diplomacy, history and culture. These works have played a very important role in understanding China for Westerners, and some have even become the basis for the British government to formulate policies toward China.

  In 1823, Stanton and Henry Thomas Colebrook co-sponsored the establishment of the Royal Asiatic Society, dedicated to promoting research on the politics, history and culture of Asian countries. Stanton also actively promoted Sinology in the UK. Thanks to his efforts, the Graduate School of the University of London and Imperial College in the United Kingdom hired professors to offer sinology courses and specialize in teaching sinology, and he was hailed as the "father of British Sinology".

  From 1818 to 1852, Stoudemire was elected to the House of Commons several times. He was one of the most influential members of the British House of Commons at that time. Just when Stoudemire was at a loss because of the difficulties between China and Britain, another force was changing the relationship between China and Britain. They are opium smugglers.

  In the beginning, the British East India Company smuggled opium only to balance the abnormal Sino-British trade. But the huge profits of opium smuggling soon exceeded the expectations of the initiators, and it was not only the British East India Company that participated in the smuggling. The rampant opium smuggling has completely broken the balance of China's foreign trade. China has changed from importing to exporting, and a large amount of silver has flowed out, causing a domestic silver shortage. The physical harm of opium smoking made the Chinese people even more worried that it would destroy the empire’s armed forces. As a result, the Qing government’s calls for banning smoking were louder than ever, and finally Emperor Daoguang decided to appoint Lin Zexu to Guangzhou to ban smoking.

  Lin Zexu’s sale of cigarettes at Humen immediately aroused intense discussion in the British House of Commons. Senator Gladstone opposes provoking a war for a sinful bargain. China through Thomas Stonedon stood up: "Did we violate international law when we trade in opium? No. When the governor of Guangdong and Guangxi used his own ship to transport drugs, no one would be surprised that foreigners would do the same thing. ."

"If we are not respected in China, we will soon be disrespected in India... If we are to lose this war, we have no right to fight; but if we have to win it, we have no The right to give up." At this time, the audience was silent, and everyone was listening to his speech. A few minutes later, he gave his final conclusion: "Although it is regrettable, I still believe that this war is just and necessary." Immediately, there was a long applause in the hall.

  Three days later, the House of Commons voted, and the result was: 271 votes from the pro-war party and 262 votes from the anti-war party, a difference of 9 votes. Thomas Steinton eventually contributed to the outbreak of the Opium War. The result of this war is self-evident, and Britain won. Since then, the confrontation between the East and the West has come to an end, and the East has become subordinate to the West.

  The kid Qianlong once liked very much destroyed his empire.

After the Opium War, there were more and more calls for reform. Emperor Guangxu was coerced by the Empress Dowager Cixi throughout his life and never had real power. In 1898, Emperor Guangxu carried out the "Hundred Years Reform", but was resisted by conservatives led by Empress Dowager Cixi. Emperor Guangxu was imprisoned by Cixi in Yingtai, Zhongnanhai. The entire reform took only 103 days.

  In 1908, Emperor Guangxu died one day before the death of Empress Dowager Cixi, at the age of 38, and was buried in the Qing Chong Mausoleum in the Western Mausoleum of the Qing Dynasty.

Emperor Guangxu was very enterprising, but like Louis XVI, he was hindered by domestic conservative forces.

Old people are not like young people. They are full of dreams and vigor, but they tend to be radical. Although Emperor Guangxu issued a lot of edicts, some of the conditions implemented in these edicts were all implemented immediately, and there was no room for discussion at all. Guangxu The emperor and the scholars on the bus were too anxious.

  Huge population is an advantage. Although a large population will reduce the average social wealth, the large population means that the Chinese cannot be wiped out by smallpox in the same way as the Indians in North America.

  300 million people are twice the total population of Europe, but the navy was defeated and the army was defeated. How could the Qing Dynasty be defeated in such a simple way.

It is difficult to win in the vast ocean of the People’s War. When the British navy first arrived in Guangdong, the Cantonese did not resist. For ordinary people, they just changed to an emperor. They paid taxes the same, regardless of whether he was red or not. Where's the hairy ghost.

  What really angered the Cantonese was the poor military discipline of a small number of British troops, the opening of coffins, the robbery of tombs, and the harassment of residents in the occupied areas, which eventually led to the Sanyuanli War, and Hongmen activities were also increasing.

  Albus hated her indiscretion, but at that time she was 39 years old, what else could her life be ruined.

  Young girls are different.

  She thought that Tonks had decided to marry Remus rashly, because Tonks was wearing a weird sister’s shirt with pink hair and looked like a problem girl.

  Albus once asked her, what is she thinking?

  She doesn’t know what she is doing.

  She is like a soul with a wrong body. If she can become a man like Albus and Albus can become a woman like her, everyone will live much better.

Albus doesn’t have to worry about the exposure of his homosexuality. He can be with Grindelwald with dignity, and Pomona doesn’t have to think about issues that these women shouldn’t think about all the time. Unfortunately, they have put the wrong body and soul. I feel "distorted".

  When men are vulnerable, Lily will protect Severus, and Pomona will only push him to fight back and defeat anyone who bullies him.

  No wonder he loves Lily more.

  "Will you say something to comfort me?" he asked, staring at the cup in his hand.

   "I don't know what to say." She pursed her lips. "And, I don't want you to think I'm noisy."

   "Sing a song." He said "I want to listen."

  She doesn’t know what to sing.

   "Don't you even know how to sing?"

   "Do you want to dance with me?" she asked "I can dance with you while singing that song."

  He sat and did not move.

   "Why don't you ask me for something." He asked, "Anything is fine."

   "I said I want to sniff the magic grass."

   "I will help you watch your students." He interrupted her, "Even if I become a werewolf, you still love me, right?"

   "Yes." She said calmly, "My students can marry werewolves, why can't I?"

  He burst out laughing.

"why are you laughing?"

   "I won." He smiled as intoxicated and said, "You are sweeter than revenge, Sister."

   "Don't say that." She said with disgust, his tone and expression made her feel very uncomfortable.

   "I'm glad to be alive." He sighed comfortably, then stood up.

   Immediately afterwards, he held her and gave a French kiss.

Mainstream historians believe that the cause of Zhen Fei’s death was because she supported Guangxu’s Wuxu Reform and angered the Empress Dowager Cixi by fighting for the highest power. However, some historians believe that Zhen Fei was mainly due to multiple violations of palace taboos, betraying officials and accepting bribes. Guangxu had a special liking for her and neglected Empress Longyu, Cixi's niece, and eventually ended up being murdered.

  The sale of officials in the late Qing Dynasty was not written in the official history, but a lot of official donation documents were left. Although this method has many disadvantages, it can raise thousands of millions of dollars in the shortest time to enrich the national treasury for emergency needs.

  If Concubine Zhen really took bribes, would she still be sympathized with as she is now?

History needs a big villain to take all the responsibilities. Leta Kist even dared to write about Albus and Severus. After all, the person she wrote is dead and cannot reverse the case for herself. Of course she wants to write. Just write it.

  (End of this chapter)