Chapter 830
2021-05-23
Chapter 830 The Great Crash
“Ladies and gentlemen! A large number of foreign investors have already put in place with a large amount of money.
After a small drop due to the delivery of tulip bulbs, the price rebounded strongly within a day. But because everyone was waiting Tulips appreciate further, and there are very few bulbs in the market.
I think it’s time to put our futures contracts on the market, and the first shot of tulip winter trading will be the ‘Eye of Fortune’. ”
Argo, wearing gold-rimmed glasses, was talking on the podium in the circular Conference Hall.
The unique emblem of ruler and golden eye hangs on the middle wall, which obviously belongs to the internal meeting of “Eye of Fortune”.
The “Eye of Wealth” was originally just a secret association composed of big bankers and big capitalists from various countries.
But after taking power in the Low Countries, they have come to the fore, gaining enormous economic and political influence.
Has the headquarters building of gold and jade in glorious splendor in Antwerp, and also has its own independent armed force.
After hearing Argo’s introduction, combined with their own research on market conditions, these wealthy members of the organization were already a little moved.
They never thought about actually harvesting next year’s bulbs according to the tulip contract, and none of the great characters in the audience are idiots, and they all know that the bigger the profit, the bigger the risk.
It’s just that, driven by interests, everyone wants to sell at the highest position to get the most profit.
And the reason why the current consortium that monopolizes next year’s output is to ensure this.
“Although the prophets and priests of the Church of Fortune have no way of getting any useful information from this frenzy.
But our analysts are still based on the current supply and demand. The relationship can be reasonably predicted, and the price is impossible to continue skyrocketing without limit, and the risk is real.
The suggested time point is preferably before the spring of next year.
And after the experience of this time, there are still many application scenarios of futures, such as cotton, steel, coal, ink tree, indigo, etc., can be used in the trading of commodities.
For everyone, this is another broad and open road to harvest wealth!”
At present, they have clearly realized that futures are not mainly commodities, but in the form of mass products or financial assets such as: Standardized tradable contracts with stocks, bonds, etc. as the subject.
Take the tulip contract as an example. There are no clear rules in the futures market, and there are no specific constraints on both buyers and sellers. The contract is easy to be bought and then sold. Change hands.
This makes it possible for these big bankers and big capitalists to overturn the clouds, buy short and sell short, and arbitrarily harvest wealth.
The prospect is infinitely brighter!
“And here’s a resolution that was officially passed this morning. At this time, it should have been distributed to exchanges around the world, and the road to large-scale futures trading has been completely paved!”
Argo took out a document and showed it to the members of the organization, which immediately caused a cheer.
Driven by huge interests, speculation is crazy and irrational.
In order to promote the further and sustained growth of such transactions, the upper council and the government controlled by the “Eye of Wealth” have specially launched a targeted policy.
The government is willing to provide guarantees as long as speculators are willing to pay an insurance premium of 5% of the amount paid to the government.
When speculators default on a deal, they’ll be in charge of taking over, adding another fire to the hot tulip trade.
Their idea is also simple. According to the current price increase momentum, the risk can be hedged in less than a few lots. And in the hot tulip trade, this is not a high probability event.
The resolution is now reached.
All members stood up and chanted the motto of “The Eye of Wealth”:
“When money stands up and speaks, the truth must be silent! The future of the world belongs to the ‘wealth’ Eyes’!”
“The future of the world belongs to”
However, just at the moment when the torrent of capital is about to sweep out.
Bam—!
The closed door was suddenly pushed open, and Summerfield, the major shareholder of the Tulip Guild, who had been absorbed into the “Eye of Wealth”, rushed in gasping for breath.
With panic on his face, he shouted loudly as if calling for help:
“Not good! Some people started to sell bulbs on the exchange today, not one or two people, but many people. A lot of people. The price of tulips has collapsed!”
Even if they were used to seeing big scenes, many people present couldn’t help but feel a sudden twist in the heart after a sudden jump in the heart.
“Oh my True God!”
Actually three days ago.
In the entire “Lowland Republic”, there are tulip exchanges, taverns, private clubs, etc. in many cities where tulip bulbs can be traded.
All have a very similar scene.
A foreign or local speculator will suddenly get close to a person, and mysteriously said:
“Hey! Friends, we have tulip bulbs in stock, all of them are High Level variety, are you interested?”
The answer is, of course, no exception.
[Faceless People] implemented Alwin’s plan, quietly entered the village, and did not want to shoot. They did not trade through the guild, but privately delivered with interested buyers.
Compared with the additional one-year “time cost” of futures contracts and various uncertainties in the middle, buyers are of course more willing to accept seeing and touching based on the psychology of “safety” Available spot deals.
Just like the savings business Early-Stage, the elderly are willing to trust a passbook in black and white, rather than a savings card with only one number.
The most important thing is that the price of tulips in the trading market has been long, and it is updated every hour.
But these sellers are very talkative and give them the opportunity to raise money. As long as the delivery can be completed on the same day, the settlement will be based on the price at the opening in the morning.
Therefore, all those who can grab this batch of tulips all sighed their luck.
But.
When this situation lasted for three whole days, as long as they wanted to buy, the other party could always provide the source of goods, and finally some smart and caring people realized that something was wrong.
And the scope of selling tulip bulbs is in the entire Lowland Republic. Although the transaction volume in a single city is not too high, it is enough to shake the skyrocketing price curve across the country.
Alwin wanted to take advantage of the frenzied market and reaped it in the Low Republic first.
Bite it down and your mouth is full of oil!
During this period, the Holy Angels and Goddess also cast their attention, stirring up the already turbulent world of spirituality because of its extensive involvement and chaos.
No prophet can make accurate predictions about this hugely influential international event and Alwin’s sniper operation through extraordinary means.
On the fourth day, the confidence of some smart people began to shake, and they also started to sell behind [Faceless Man], which also shook the “Eye of Wealth” consortium.
The “Drumming Game” was officially launched.
“It’s just a flower! How many people are willing to exchange a house, dozens of tons of cheese, and dozens of sheep for it?”
Once the reflection begins , could no longer stop.
Previously, in just half a year, the price of tulips was raised nearly seventy times, and tulips reached unprecedented brilliance.
But the peak period only lasted until the month of winter.
With the tentative market launch this morning, it only took just one day to panic and sell on a large scale.
The ever-increasing bubble finally collapsed.
“Sell, sell, discount, I only want half of the contract amount!”
“I only want one third!”
“Buy mine, Buy me!”
The massive selling by speculators has thrown the market into an unprecedented state of panic.
The still bright and attractive tulips have become hot potatoes, and no one dares to take over. The price of bulbs is also like a boulder rolling down a cliff, plummeting and plummeting.
At this time, the government of the Republic saw that the situation was far from good and decided to intervene to suppress panic selling.
But it’s too late, the collapse of confidence is not something that can be easily restored by administrative means.
Then, an unprecedented crash engulfed the country like a landslide.
The tulip market in the “Low Countries” has turned into a hell of miserable wind and rain and debt evasion from a few days ago when the flowers were blooming and the fire was cooking oil!
Thousands absolutely went bankrupt in an instant.
Many speculators who went bankrupt and borrowed to buy tulips, or used bank leverage to buy tulips, even jumped into the sea like dumplings.
Even big businessmen and institutions with rich financial resources are caught off guard because of the large number of bulbs that they have hoarded.
In just one week, the entire “Lower Republic”, including several surrounding countries, was filled with grief.
Ding!
“Cheers!”
Alwin and Liwena, who were in remote command at St. The harvest in just a few days almost topped Dukedom’s GDP for that year.
The firm heart of an industrialist could not help but burst into waves.
It’s just the feeling of wielding a sickle to cut leeks, it’s really cool!
However, things didn’t stop there.
Also at this time.
Seeing that it was already a piece of chicken feathers, a large number of innocent “flower farmers” and “planters” quickly united.
Waving the deal contract signed when the price of tulips was high, and a large number of tulip bulbs picked up everywhere came to Antwerp.
The contracting parties and the holders of the current contract – many bank syndicates and investment institutions, also known as “eyes of wealth”, are required to pay.
In addition to the 20% advance payment that has almost drained the “Eye of Wealth” liquidity, the remaining 80% of the payment needs to be paid according to the contract.
And this step is the real lore that Alwin points to the core!
(End of this chapter)