Cocktail parties in the upper-class society were always so boring and boring. Lynch chatted with others, and in the process of building his social network, he even saw some local female celebrities. Among them, there were two famous female hosts from Saibin City's television station.
They were young, beautiful, and always appeared in front of the public with a positive image. However, at this time, the man beside them was old enough to be their father. Perhaps Lynch's thoughts were too evil, and he might really be their father.
He turned his attention back to the short man in front of him. The short man was trying his best to tell him some of his ideas, his company, and the bright future that was bound to come.
As long as Lynch was willing to join his plan, he would definitely make a lot of money in the future. Many people had already decided to invest in his project. He only left a quota for Lynch because he saw that Lynch had a good impression of him.
"Maybe the bank will be interested in your project …" Lynch took a sip from his wine glass. The short man's expression suddenly froze.
If the bank's risk control could be passed, why would he need to go around soliciting investors? It was precisely because the bank thought that he might be a scammer that they agreed to lend him a loan.
Lynch looked at him. Under Lynch's gaze, the short man twisted his neck uncomfortably, as if there were thorns on his back. After apologizing, he quickly left.
He had become the center of attention after donating 100,000 yuan, and many people wanted to know more about him. Some of them had good intentions, while others had bad intentions.
Some people wanted to know more about this young tycoon, especially since he seemed to have a good personal relationship with the mayor. This was even more noteworthy.
Not all tycoons maintained a good relationship with the mayor. The entire market of Saibin City was only so big, and it was impossible for there to be only one person or one company in every industry. The Federation's laws did not allow them to do so.
When there was competition, there would be conflicts. Some people relied on their relationship with the mayor to get some orders or policies, which would inevitably lead to dissatisfaction from others.
However, in general, everyone wanted to have a good relationship with the mayor. After all, the mayor was the highest leader and designer of the city. He could design the city according to his own preferences. With the mayor's help, everyone's business would be easier and more profitable.
People kept exchanging business cards with Lynch and simply discussing their own businesses. They would not talk too deeply about things when they met for the first time. Most of the time, they would have a simple understanding of each other's identity and business.
When they needed such an "acquaintance" in the future, they would probably think of Lynch.
Of course, the topic that people talked about the most was finance. it was a phenomenon that no tycoon or celebrity could avoid.
After the initial exchange, people formed one circle after another. The people in the circle were all discussing their prestige in the stock market. People were constantly exclaiming about the number myths and were extremely engrossed in it.
Lynch watched from outside the crowd. He felt that it was very interesting. In fact, most people in this society who participated in the financial game did not know anything about finance, stocks, securities, futures, and so on.
For example, the father and son of Fox. They had talked to Lynch about this matter not long ago. Since they were now in the ranks of the rich, the bank had raised their customer rating and arranged for a service manager to be in charge of their financial operations.
The manager first told them how stupid it was to keep their money in the bank. Perhaps the female bank manager did not know what kind of business the father and son were doing, and she did not know how much money they had in their account. She did not have the authority to look through the depositor's information when she was not at work.
She gave some examples, some examples of investing money in the financial market to quickly realize the myth of freedom and wealth, which moved the father and son of Fox.
Ever since they met Lynch, this pair of father and son began to have a strong interest in making legal money. The bank even said that they could use the bank's money to make money for themselves. They only needed to take out a dollar's principal, and they would be able to get at least five or ten dollars, and up to a hundred dollars' worth of "extra funds" for the transaction.
As long as they gambled correctly, one dollar could become a hundred or even a few hundred dollars in a night. The profit of a few hundred times instantly grabbed the hearts of the father and son, and they almost opened an account.
However, Mr. Fox's caution made him contact the only person he thought might know the inside story, which was Lynch. Lynch's answer was very simple. If they wanted to go bankrupt, now was the best time to enter the financial market.
Leverage, or "funding," was a business that banks used to make sure they would not lose money. Of course, it was not completely absolute, because sometimes the risk control would exceed the bank's estimation. For example, they thought it was just a rainstorm, but it turned out to be a meteorite. Most of the time, they would not lose money.
For example, if a person had a hundred dollars and bought a stock, and the stock rose by ten percent, he would earn ten dollars.
However, if he applied for funding, the bank would give him a quota of ten thousand dollars, and he still earned ten percent of the stock, then he would earn a thousand dollars.
His capital did not change. It was still 100 yuan. However, before he had the capital allocation, he had only made 10 yuan. After the capital allocation was a hundred times more, he could make 1,000 yuan in an instant. It was a hundred times more profit!
And he only needed to pay a few dozen dollars for this. Many people would start to get lost in the strong contrast between paying a few dozen dollars and earning a thousand dollars. In the end, they would become cannon fodder.
(The above is just a simple example. The actual funding situation would need to be verified and calculated separately.)
For the bank, no matter how much money the funder earned, the bank would not lose money. However, what if the funder's stock or futures fell?
At this time, the bank's risk control system would come into effect. As long as the fluctuation approached or exceeded their safety indicators, they would immediately force the exchange to liquidate the position.
In fact, most of the time, it would be too late. This was because the three major exchanges' transactions were still manually filled in and automated by phone. There would be a certain delay.
If the bank found that there was no problem with their funding after liquidating the position and recovered their due profits, then the matter would end there. As for how much the customer lost, it would have nothing to do with the bank.
However, if the bank found that not only did they not recover their due share after liquidating the position, but they also lost a part of their allocated funds, they would start the process.
They would start by freezing the funder's bank account. If the funder's savings were not enough to compensate the bank, they would start to auction off the funder's real estate, cars, and anything else that might be valuable.
If these were not enough, the funder could only apply for personal bankruptcy. The bank would also provide a job for the funder. Every month, other than living expenses, the funder's money would be directly credited to the bank's account.
As long as the funder was alive, this debt would never disappear. However, this did not affect the repayment standards of the funder's family. This was because the funder's money was used for personal investment. The funder's family did not enjoy the various benefits brought by the money, so they could choose not to inherit the debt.
This was also the reason why there were always people who jumped off buildings. At least one person dying was better than dragging their family to hell with them.
However, these people in front of him were not aware of this. Their stocks and futures accounts were all managed by their financial managers or stockbrokers. Naturally, this included the various funding activities.
For these managers, they would receive a commission for providing funding to their clients. The bank would give them some rebates. All they needed to do was to let their clients sign their names on a funding application.
As for whether their clients would jump off the building in the future, they did not care at all. After all, they had made money and become loyal partners of the bank.
Looking at these people who were talking loudly, Lynch only felt pity for them. In the end, they might not even know why they jumped off the roof. Their short and tortuous lives would end just like that.
After the banquet, Lynch returned home with a pocket full of business cards. In the next two days, he had to sign agreements with other investors to sell his company for a good price.
At the same time, it was already late at night. The president and cabinet members had not yet gone to bed, nor did they appear at places like the banquet. They were having a meeting in the conference room next to the president's office.
At present, they had encountered a big problem. The Bailey Federation had remained neutral in the international war and had not been dragged into it by anyone. In fact, they had paid protection fees, or rather, they had spent money to buy safety.
The Bailey Federation had bought the war bonds of the core countries of the two camps in the name of the country. Coupled with the policy of isolation, this allowed the Bailey Federation to escape the world war.
But now, whether it was the victorious country or the defeated country, they were unwilling to honor the bonds according to the agreement. This gave them a headache.
If it was a few years ago, they would not honor the bonds. At that time, the Bailey Federation's economy and finance were highly prosperous. They did not care about the small amount of money. But now, the situation was different.
A large amount of capital flight caused the speed of economic development to suddenly slow down. What was even more frightening was that these capital flight also led the physical market to go downhill. Many factories closed, and workers lost their jobs. Without jobs, there was no income. Spending power and standards continued to decline. More factories could not sell their products and had to close down. This was a vicious cycle.
People had to put money into the financial market to avoid the losses in physical operations. At least the financial market was still prosperous.
If these bonds could be honored, it could more or less stimulate the domestic economic development. Even if the current situation could not be changed, it would not continue to decline.
But whether it was in the name of individuals or in the name of the country, the international community did not give a positive response. They refused to communicate!
Billions of bonds were now piled up in their vaults like waste paper. Indulgence, who had not appeared in front of the screen for a few days, had several blisters on the corner of his mouth.
"We have to do something, gentlemen!"