Chapter 830: Crash

The 830th chapter of the main body crash
"Ladies and gentlemen! After our public opinion offensive in various countries, and the continuous fermentation for more than half a year, a large number of foreign investors have already brought huge amounts of funds in place.
After a small drop in prices caused by the delivery of tulip bulbs, prices rebounded strongly within one day. But because everyone is waiting for the tulip to appreciate further, there is very little circulation of bulbs on the market.
I think it’s time to put our futures contracts on the market. The first shot of tulip winter trading will be launched by the "Eye of Wealth". "
Argo, wearing gold glasses in the ring-shaped conference room, was talking on the stage.
A unique emblem with a ruler and golden eyes hung on the wall in the middle. It is obvious that this is an internal meeting belonging to the "Eye of Wealth".
The "Eye of Wealth" was originally just a secret society composed of big bankers and big capitalists from various countries.
But after gaining power in the Low Countries Republic, they have come to the fore graciously and gained tremendous economic and political influence.
It has a splendid headquarters building in Antwerp and its own independent armed forces.
Hearing Argo's introduction, combined with his own research on market conditions, the members of these wealthy organizations are already a little moved.
They have never thought about actually harvesting next year's bulbs in accordance with the tulip contract, and none of the big figures here are stupid. They all know the truth that the greater the return, the greater the risk.
However, driven by interests, everyone wants to sell at the highest position to get the most profit.
And the current consortium that monopolizes next year's output exists to ensure this.
"Although the prophets and the priests of the Church of Fortune, there is no way to get any useful information from this frenzy.
However, our analysts still make reasonable predictions based on the current supply and demand relationship. The price cannot continue to skyrocket indefinitely. The risks are indeed real.
The suggested time point is best placed before the beginning of spring next year.
And with this experience, there are still many application scenarios for futures, such as cotton, steel, coal, ink tree, indigo, etc., and this method can all be applied to commodity trading.
For everyone, this is another broad road to harvest wealth! "
At present, they have clearly realized that futures are mainly not goods, but standardized tradable contracts in the form of financial assets such as stocks and bonds.
Take the tulip contract as an example. There are no clear rules in the futures market, and there are no specific restrictions on both buyers and sellers. The contract is easy to be bought and sold, and it changes hands several times in a short period of time.
This makes it possible for them, the big bankers and big capitalists, to turn the tide, buy short and sell short, and reap their wealth arbitrarily.
The prospects are infinitely bright!
"And... here is a resolution that has been formally passed this morning, and it should have been sent to exchanges everywhere by this time. The road for large-scale futures trading has been completely paved!"
Argo took out a document and showed it to the members of the organization, which immediately aroused cheers.
Driven by huge interests, speculation is crazy and irrational.
In order to promote the continued growth of such transactions, the Upper Parliament and the government controlled by the "Eye of Wealth" have introduced a targeted policy.
As long as speculators are willing to pay 5% of the government's amount of insurance premiums, the government is willing to provide guarantees.
When speculators default in the transaction, they will be responsible for taking full responsibility, adding another fire to the extremely hot tulip transaction.
Their idea is also simple. According to the current price increase momentum, it takes less than a few hands to trade to hedge the risk. And in the hot tulip trading, this is not a high probability event.
The resolution has been reached.
All the members could not help standing up and shouting the motto of "Eye of Wealth":
"When money stands up and speaks, truth must be silent! The future of the world belongs to the'eye of wealth'!"
"The future of the world belongs to..."
However, just at the moment when the torrent of capital is about to sweep out.
Bang!
The closed door was suddenly pushed open, and Summerfield, the major shareholder of the Tulip Guild, who had been exceptionally absorbed into the "Eye of Wealth", rushed in breathlessly.
With a panic expression on his face, he shouted loudly as if calling for help:
"Not good! Someone on the exchange started to sell bulbs today, not one or two people, but many, many people. The price of tulips... collapsed!"
Even if they are used to the big scene, many people present can't help but feel a whirl of the sky after a sudden jump in their hearts.
"Oh~ my true god!"
......
Actually three days ago.
Throughout the territory of the "Lower Republic", there are tulip exchanges, taverns, private clubs and so on in many cities where tulip bulbs can be traded.
A very similar scene appeared in all of them.
A foreign or local speculator will suddenly come close to someone, and said mysteriously:
"Hey! Friends, we have spot tulip bulbs in hand, they are all top-quality varieties, are you interested?"
The answer is of course without exception.
[Faceless Men] They implemented Aiwen’s plan, quietly entered the village, did not shoot guns, did not conduct transactions through guilds, but conducted private delivery with interested buyers.
Compared with a futures contract that requires an additional year of "time cost" and various uncertain factors in between, buyers are of course more willing to accept tangible spot transactions based on the mentality of "buying the bag".
Just like in the early days of the savings business, old people are willing to trust a bankbook in black and white instead of 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 different every hour when it is updated.
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, they will be settled at the price at the opening of the morning.
Therefore, all those who can grab this batch of tulips all lament their luck.
but.
When this situation lasted for three full days, as long as you wanted to buy the situation that the other party could always provide the supply, some smart and caring people finally realized something was wrong.
Moreover, the scope of selling tulip bulbs is in the entire Lowland Republic. Although the transaction volume of a single city is not too high, looking at the whole country is enough to shake the soaring price curve.
Aiwen is about to take advantage of the frenzy of the market is not clear, first harvest in the Low Republic.
Bite it down, your mouth is full of oil!
During this period, the holy angels and goddesses also cast their attention, and the chaotic spiritual world that was already involved in such a wide range was stirred up even more turbulent.
No prophet can use extraordinary means to make accurate predictions about this hugely influential international event, as well as Aiwen's sniper operation.
On the fourth day, the confidence of some wise people began to waver, and they also began to sell behind [The Faceless Man], which also shook the "Eyes of Wealth" consortium.
"Drumming and Passing Flowers Game" was officially launched.
"This is just a flower! How many people are willing to exchange it for a house, dozens of tons of cheese, and dozens of sheep?"
Once the reflection begins, you can no longer stop.
Earlier, in a short period of six months, the price of tulips has been increased by nearly seventy times, and tulips have reached unprecedented brilliance.
But the peak period only lasted until the first month of winter.
With the exploratory market launch that morning, it took no more than a day to panic and large-scale selling.
The blowing bubble finally collapsed completely.
"Sold, sold, discounted, I only need half of the contract amount!"
"I only need one third!"
"Buy mine, buy mine!"
The massive selling by speculators has plunged the market into an unprecedented state of panic.
The still bright and beautiful tulips have become a hot potato, and no one dared to take over. The price of bulbs is like a boulder rolling down a cliff, slumping a thousand miles, and plummeting.
At this time, the Republican government decided to intervene to curb panic selling after seeing the situation in bad condition.
But it is too late, and the collapse of confidence cannot be easily restored by administrative means.
Then, an unprecedented crash flooded the country like a landslide. UU Reading www.uukanshu.cOM
The tulip market of the "Low Country" has suddenly become a of misery and evasion from the blooming flowers and fire a few days ago!
Thousands of people went bankrupt in an instant.
Many speculators who went bankrupt and borrowed money to buy tulips, or used bank leverage to buy tulips, even jumped into the sea like dumplings.
Even large businessmen and large institutions with strong financial resources are caught off guard because of the large number of bulbs that have been hoarded.
In just one week, the entire "Low Country", including several neighboring countries, was full of grief.
Ding!
"Cheers!"
Irvine and Livina, who were under the remote command of St. James's Palace, touched their glasses lightly, and the harvest in just a few days was almost the highest of the Principality’s GDP that year.
The firm heart of an industrialist couldn't help but make waves.
I only blame the feeling of swinging a sickle to cut leeks. It's really cool!
However, things did not stop there.
Just at this time.
Seeing that it was already a chicken feather, a large number of innocent "flower farmers" and "planters" quickly united.
Waving the transaction contract signed when the price of tulips was high, and a large number of tulip bulbs picked up everywhere came to Antwerp.
Many banks and investment institutions, the "Eye of Wealth", are required to redeem the contract and the holders of the current contract.
In addition to the 20% advance payment that has almost drained the "Eye of Wealth" liquidity, the remaining 80% of the purchase price must be paid according to the contract.
And this step is the real lore that Aiwen points to the core!
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