RoleplayNovel Chapter 1211 - 392: Crossing the River by Feeling Eagle Sauce’s Stones—Only by Stepping into Every Pit Can You Gauge Their Depth (Part 3)
Chapter 1211 - 392: Crossing the River by Feeling Eagle Sauce’s Stones—Only by Stepping into Every Pit Can You Gauge Their Depth (Part 3)
But this doesn’t mean Europe is without problems.During these decades, the average GDP growth of the European Community was 3.3%.
Compared to other countries in the Red Era that were continually declining, having a positive GDP was quite an accomplishment.
However, the inflation rate soared to 12.7%, leading to a prolonged stagflation issue.
This was due to the disappearance of maritime transport, causing urban concentration in various countries, all attempting self-sufficiency, leading to rising product prices without increased profits, plunging the economy into a state of stagflation.
Moreover, everyone was in the midst of an economic crisis, with a limit to the Orokin they could bear. The massive printing of Orokin eventually flowed back into the European Community, causing a long-term decline in its purchasing power.
The unemployment rate continued to rise, reaching a staggering 90% in places like Night City, a problem that remains unsolved to this day, having resulted in sheer apathy.
Thus, the European Community had no choice but to frantically raise interest rates to 27%, an extremely high level.
The excessive interest rates led people to withdraw money to invest in funds, and since banks had no money for mortgages, they could only resort to financing. Lending became a losing business, pushing many banks to the brink of bankruptcy.
An American financial company called Solomon Brothers transplanted their decades-old Wall Street experience to Europe.
Several banks began to buy back bank mortgages on the market and securitize them for sale, raking in 500 million Orokin.
After all, who in this world doesn’t repay their mortgage?
Unless you plan to sleep on the street?
So, this model has been ongoing until today and in 2068, European banks lifted refinancing restrictions.
This was the very real estate nesting story initially told by West Fire Grass to McCarthy, where many people, including Ricardo, speculated on real estate the same way, with housing prices in Europe’s major cities rising annually by 5-8%.
Then, by 2076, European companies, through bribery of the European Community Parliament, successfully enacted tax reduction legislation and significantly lowered the euro debt interest rate to the current 3%.
In the mouths of the European smugglers in Dog Town, the experts uncovered an important clue.
It was that to continue enlarging the cake, European banks set their sights on large numbers of immigrants and stowaways, planning to lower mortgage down payments and introduce the "European Dream Down Payment Act" to support those with low to middle incomes in buying houses.
And confirmed the authenticity of this bill through the hacker siblings, only that Europarliament’s Chairman Sanders had been blocking its passage.
To foreigners, it was akin to Heaven extending goodwill.
The agents in the villa were completely captivated by the description provided by West Fire Grass.
Damn, which country helps its own citizens with down payments?
Isn’t this a paradise on earth?
Look at them, then look at where we are living in Cuba!
What a system!
West Fire Grass said in a low voice,
"If this bill passes, it means more people will buy houses in Europe, and a massive influx of money will flood the real estate market. Those building houses, buying houses, issuing house loans, and buying bonds will all make a fortune."
"If you don’t believe it, you can ask Mr. Ricardo; he must have made a lot of money by speculating in real estate in Europe over the years, right."
The focus in the villa immediately shifted to the top leader.
"Ahem..."
Ricardo coughed slightly.
"There is such a thing, but I haven’t heard of the bill you’re talking about."
"That’s just because he lacks capability."
West Fire Grass repeated the remark.
"For those in finance, education is just a stepping stone. What’s truly important are connections and networks. Only third-rate financial players work as someone else’s accountant; the capable ones are in financial investment banks."
"So how can I ensure what you’re saying is genuine?"
Ricardo was a real estate speculator, the kind of person who wishes for nothing more than rising home prices.
Other agents also held their breath; if what the other party said was true, then even these small-time agents could perhaps seize the opportunity, emigrate to Europe, and even buy a house themselves.
"That’s simple."
West Fire Grass pulled out a document.
"This friend of mine in France, a very famous hacker locally, the Kassel siblings, told me about it. If you don’t believe me, you can ask them, and Horizon Corporation is already ready to get involved. You should know that most of those working under us are in civil engineering, right."
"But what if the bill doesn’t pass...."
"Then we’ll find a way to make it pass, won’t we."
West Fire Grass clenched both fists, eyes brimming with a hunger for money,
"I was originally planning to hire a professional killer, but if you’re willing to join us, those banks will surely welcome your goodwill. And I bet, even if we don’t make a move, those banks will."
"As long as Sanders vanishes without a trace, no one will obstruct the enactment of this bill, and then the immense market will allow all of us to make a fortune."
Assassinate the current chairman of the European Community?
Ricardo immediately sobered up.
"That’s impossible."
"That’s your problem."
West Fire Grass showed indifference to this.
"I’ve already contacted several bank managers locally through the Kassel siblings; they’ll provide me with a time and place. Pull the trigger, and it’s over."
"If I weren’t short on capital, unable to earn big with lack of principal, I wouldn’t be sharing this with you all."
West Fire Grass spoke without a single falsehood; everything on the PPT was entirely true.
The Kassel siblings in France, Karelinna in the Soviet Union, were all their informants in Europe. And the experts, through Lin Miao, obtained a substantial amount of information from Karelinna’s contributions to the Soviet Foreign Intelligence Service.
If these Cubans didn’t take the bait, then the experts would gather funds themselves and find a way to buy the life of the European Community Chairman.
This guy must die. Only if he dies will the banks fully open the floodgates, releasing the floodwaters, letting everyone downstream drink to their fill, to the point of overflow, and eventually, overwhelm.
Lin Miao was an informed outsider of this plan, not interfering, not participating. I’ll just pretend I don’t know anything.
So what if someone investigates later?
Are players afraid of death?
At worst, my life is yours to take.
As for Horizon Corporation?
I’m innocent; I know nothing.
He’ll gladly watch Europe explode.