69novels Chapter 380
Chapter 380
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“Vanelk really didn’t let me down!”
Knowing that Vanelk had completed the task brilliantly and detonated the crisis of the Eagle Sauce family ahead of time, causing the entire Eagle Sauce to fall into turmoil and chaos, Mainz was very satisfied with his performance!
“Vanelke is now busy acquiring high-quality assets of the Eagle Sauce family. His target seems to be Citibank. Now the whole United States is paying attention to this matter!”
Mainz nodded. Vanelke had reported this matter to him before taking action, so Mainz knew exactly what he was going to do next!
Citibank was still under the control of the Rockefeller family at this time, but as Citibank’s business gradually improved, they gradually had the idea of getting rid of the control of the Rockefeller Foundation and setting up their own business!
And their betrayal naturally aroused the dissatisfaction of the Rockefeller family, so this time the run on Citibank was actually fueled by the Rockefeller family.
Their purpose is probably the same as Vanelke’s, that is, to make Citibank on the verge of bankruptcy and have to beg them for help.
In this way, they can regain control of Citibank and further deepen their control over Citibank!
The Rockefeller family The plan seemed good, but they didn’t expect that a Cheng Yaojin would appear halfway, and Goldman Sachs stood up and intervened in the matter in a high-profile manner!
The joining of Goldman Sachs immediately disrupted the plans of the Rockefeller consortium, causing their plans to quickly fail. If they still want to achieve their goals at this time, then they have only one way, that is to stand up and compete with the Goldman Sachs consortium!
However, when Rockefeller Jr. thought of the previous incident in which he lost face in front of the whole country because of competing with Goldman Sachs for the airship, he instantly lost his idea. Anyway, under the economic crisis, there are plenty of high-quality assets, and there is no need to keep an eye on Citibank. Since Goldman Sachs has set its eyes on Citibank, let them help Citibank clean up the mess!
However, Rockefeller Jr. was very puzzled: Logically speaking, the Goldman Sachs Group The group also has banking and investment businesses, so they are actually in competition with Citibank. In this case, shouldn’t they just sit back and watch the other party go bankrupt so that they can take the opportunity to expand their own market?
Why spend such a huge price to acquire the other party?
Their doubts did not last too long, because the news that finally came out was:
The Goldman Sachs consortium spent 400 million yuan to complete the full acquisition of Citibank. Citibank was privatized and became a part of the Goldman Sachs Group!
Therefore, their acquisition is actually a kind of expansion. Every penny earned by Citibank in the future will be Goldman Sachs’ profit. Buying Citibank has helped them gain a large number of customers. This invisible asset is actually the wealth that Goldman Sachs Group values the most!
The main reason why Mainz feels that Vanelk is making rapid progress is because of him Now I am very skilled in building momentum for myself!
In fact, under the national economic crisis, Goldman Sachs Group was not spared, and they were also affected.
Like other banks, Goldman Sachs Bank was also run!
However, as the largest bank in the United States, it has a very thick blood bar, so it can resist it more than other banks!
However, if the panic in the market continues to spread, those customers who save money will definitely come to withdraw all their money sooner or later because they are worried that their money will disappear!
Once this happens, even a strong bank like Goldman Sachs can’t resist the wave of runs!
Therefore, after combining the existing intelligence, Vanelk made the decision to take the initiative to attack. He did not intend to passively defend. Passive defense will collapse sooner or later. Taking the initiative may still have a glimmer of hope!
So Vanelk chose to acquire Citibank in a high-profile manner. While actively building momentum for this acquisition nationwide, he quickly completed this sky-high transaction covering $400 million!
After this operation, everyone felt the strength of Goldman Sachs!
Under the economic crisis, everyone is generally short of money, but they still have so much money to take out for external acquisitions, and the acquisition is not some cats and dogs, but the fifth largest bank in the United States!
This makes people all over the United States full of confidence in the strength of Goldman Sachs. People think that since Goldman Sachs can take out 400 million US dollars to acquire Citibank without frowning!
This proves that the funds in their hands must be extremely sufficient, and they are not worried about being run at all!
Perhaps, in the eyes of Goldman Sachs, the little money deposited by depositors is not even a fraction of their total assets!
So, those who are panicking about banks have withdrawn their money from other banks and then deposited it in Goldman Sachs!
They may worry that their money will not be safe in a small bank, but if it is in Goldman Sachs, there will be absolutely no problem!
After all, Goldman Sachs is recognized as the largest financial group in the United States. They are so rich, and it is of course very safe to keep it here!
The cleverness of Vanelk’s move is that he used propaganda to make the public believe that Goldman Sachs has strong funds. As a result, the public not only stopped running on Goldman Sachs, but also deposited the money withdrawn from other banks into Goldman Sachs, resulting in a large number of people in the United States being controlled by Goldman Sachs!
This not only greatly enhanced their own business strength, but also further improved their status within the United States. Even when the United States government needs money, they don’t go to the Federal Reserve, but to Goldman Sachs!
“This is good. The Eagle Sauce people are focused on their internal affairs, and they can’t take care of international affairs!”
As the player on Earth with the strongest economic strength and comprehensive national strength at this time, the Eagle Sauce can’t take care of itself and can only spend its energy on dealing with a large number of domestic messes. Then, their influence in the international arena will decline, and a power vacuum will appear!
“How is the situation in Britain?”
Speaking of which, the Eagle is still a potential ally of Hans, and the relationship between the two countries is pretty good.
If it weren’t for knowing the huge potential and future threat of the Eagle, Mainz would not want to take action against the Eagle at this time. After all, among the great powers, the Eagle’s attitude towards Hans is obviously better.
So compared to gloating over the Eagle, he hopes to hear the news of the collapse of countries such as Britain and Gaul!
“The stock market in Fog City has been falling for more than ten days in a row.
The whole British Empire is filled with panic.
According to the intelligence our people got from the British government, the British economic crisis has caused at least 4-5 million people to lose their jobs.
Although the number of unemployed people is not as high as that of the Eagle Sauce, their total population is far less than that of the Eagle Sauce.
The 5 million unemployed people almost account for 20% of the total labor force of the Eagle Sauce!
”
This news satisfied Mainz very much. After listening to it, he was still not satisfied.”Continue to follow up on the situation in the British Empire. A lot of their money is borrowed from the Eagle Sauce. Now that the Eagle Sauce is in crisis, the source of funds for the British Empire may be cut off. At that time, their crisis will definitely be more serious!”
Economic crises have had a huge impact on all countries in history. Although the crisis first broke out in North America, the scope of this crisis was very wide, and even the Far East and China were affected.
Under the influence of the economic crisis, a large number of factories closed, a large number of workers lost their jobs, and thousands of families lost their source of income and could only apply for government unemployment benefits.
Millions or even tens of millions of unemployed people received benefits, which made the government unable to afford it. Therefore, the benefits began to be cut again and again. In the end, fewer and fewer people could receive benefits. Many people lined up for a day and might not be able to get a job. They can’t even get a meal to fill their stomachs!
Without their source of income and without relief money, these families who have lost their jobs can only starve!
In real history, during the four-year turmoil, Eagle Sauce suffered a nationwide famine and widespread malnutrition, resulting in a large number of abnormal deaths.
After investigation by later scholars, the most conservative estimate is that at least 1 million people died as a result, accounting for about 7% of the total population of Eagle Sauce at the time!
This number is much greater than the number of casualties in any war that Eagle Sauce has participated in!
The destructive power of an economic crisis is no less than that of a war!