Metropolis: I am a technology tycoon
Chapter 73
‘No need to queue’,‘Treat guests with a smile’,‘”Independent Accounting”, a scientifically managed ‘modern private bank’.
They provide free coffee and employees with kind smiles have brought unprecedented comfort and trust to the people of the Hongsu Empire.
They feel that this kind of bank (modern private bank ) is much stronger than the old bank (the imperial state-owned bank)!
At this time, the original financial supervision of the Hongsu Empire, under the various means and deception of the Eagle Federation, has already become a target of all public media and the people of the empire. They think that they represent the interests of restoration and monopoly, and are a cancer that hinders all people from pursuing a better life.
In this case, even if someone understands the power of ‘modern private bankers’, they dare not go against the powerful fishing boat and public opinion, to carry out any exposure and intervention.
As a result, modern private banks soon spread across every city in the Hongsu Empire within two or three years.
These modern private banks then used the people of the Hongsu Empire to control the Imperial Bank. and ‘private banks’; taking advantage of the people of the Hongsu Empire’s admiration and trust in the Eagle Federation, launched a series of financial offensives.
Independently accounting enemy banks and private financial institutions, through various gray means , as well as higher interest rates than the state-owned banks of the Hongsu Empire, absorbed a large amount of Soviet dollar savings from private individuals and enterprises in the Hongsu Empire.
Then, these private banks and private financial institutions that had no relationship on the surface also took advantage of ‘gray kickbacks’ Means and various tips’ and other means.
He arbitrarily borrowed huge sums of Soviet dollars from the state-owned banks and financial institutions of the Hongsu Empire.
Because at this time, the domestic planning management system and financial supervision system of the Hongsu Empire had already The Soviet Union collapsed, so the huge Soviet dollars, out-of-control finances, and privatized bonds all flowed almost uncontrollably to the consumer sector, causing inflation in the Red Soviet Empire.
The transnational financial capital behind all this had hoarded countless , the Soviet dollar reserves borrowed from the people of the Red Soviet Empire.
So, next, an all-round, surging fishing boat offensive of badmouthing and suppressing privatized bonds broke out.
In this turbulent Under the fishing boat offensive, the market value of Su Yuan plummeted, and the people of the Red Su Empire also completely lost confidence in the state-owned enterprise bonds they held.
Under this situation, multinational financial institutions and multinational banks used their huge Su Yuan reserves to In order to obtain funds, they quietly started a large-scale acquisition of privatized bonds in the market.
Because the Hongsu Empire was on the verge of collapse at this time, those privatized bonds after the split of state-owned enterprises were simply waste paper without any dividend capacity..
Instead of keeping it and becoming garbage later, it is better to throw it out early and use it in exchange for money.
In this way, multinational bankers and multinational financial institutions used the money to buy garbage to sell the entire Red Soviet Empire for more than ninety years, and six or seven generations of people have shed blood. The state-owned industrial system established with sweat and sweat was all collected through reasonable and legal means, and all the bonds were redistributed again through covert means.
At this point, the third stage is over, and the ownership of the industrial system of the Hongsu Empire has been completely The people of the Red Su Empire were sold at an outrageously low price.
The fourth stage: the second decisive step of the financial war – the first devaluation of the Su Yuan.
Although the authorities of the Red Soviet Empire knew clearly that the multinational banks and financial institutions that purchased privatization bonds had purchased astronomical Soviet dollar bonds at cabbage prices.
However, because most of the top government officials at that time were busy fighting for support and votes, and the people who guided the financial decision-making of the Hongsu Empire were financial experts with rich experience from the Eagle Federation.
Therefore, due to various reasons at the time, the Hongsu Empire missed the opportunity to make a comeback and was completely thrown into a ditch.
Although multinational banks and financial institutions control all the industrial systems of the Red Soviet Empire at cabbage prices.
However, the ‘Central Bank’ of the Hongsu Empire at that time also became the creditor of all multinational banks and financial institutions, and still held all the trump cards.
The situation is still favorable to the Central Bank of the Hongsu Empire. As long as it adopts very conventional financial regulatory decisions, the ones who will lose the most will be those multinational banks and financial institutions.
Unfortunately, the Hongsu Empire has been misled by the financial experts of the Eagle Federation. In addition, the people of the empire are vocally criticizing the old financial supervision, and those multinational banks and financial institutions do not want to pay astronomically huge interest rates.
Therefore, after various overt and covert means of exchange of interests, the officials of the Hongsu Empire put their personal interests above the interests of the country.
They completely opened the door to the financial system of the Hongsu Empire, further relaxed the exchange supervision of the Soviet dollar and the federal dollar, and used a freer exchange method to combat underground currency black market transactions.
Thus, an unsuspicious financial massacre and plunder began!
The Hongsu Empire opened the door to the financial system and relaxed the exchange supervision between the Soviet dollar and the federal dollar, allowing the black hands behind the underground black market to arbitrarily manipulate the exchange ratio between the Soviet dollar and the federal dollar.
Panic is spreading and the economy is collapsing.
Outside those private banks and private financial institutions, crowds of people in the Red Soviet Empire were anxious to exchange the depreciating Soviet dollars into federal dollars.
At this time, the roles changed, and the people of the Hongsu Empire were no longer noble customers, but beggars in the eyes of the capitalists.
As panic spread in the currency exchange market, the Soviet dollar, the currency of the Red Soviet Empire, rapidly collapsed from 1 Soviet dollar to 3 federal dollars to 120 Soviet dollars to 1 federal dollar, devaluing 360 times.
At this point, the economic system of the Hongsu Empire completely collapsed. All the people of the Hongsu Empire sold their wealth saved by their ancestors’ hard work for generations to multinational bankers and financial institutions at a low price.
However, all of this was sold voluntarily under the premise of ‘reasonable, legal, fair and free’, and everyone has unspeakable suffering.
The fifth stage: the final stage of the financial war – the complete devaluation of the Soviet Yuan.
The industrial system and savings wealth accumulated by the Hongsu Empire over the past ninety years totaled more than 200 billion federal dollars.
Even though the Soviet Union dollar depreciated 360 times, it is still worth more than 550 billion federal dollars after the depreciation.
For greedy capitalists, this number is still too huge, and they do not want to pay so much money.
Therefore, the final battle against the Hongsu Empire’s finance has begun.
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