Gu Nianzhi really wanted to see what it was like inside the venue, but the footage from the roadside hadn't come back yet, so they had to continue watching the demonstration outside.
Gu Nianzhi asked Lu Yuan worriedly: "Mr. Lu, do these people know that there will be a meeting here today?"
"The roads were closed in advance, and the news was not blocked. Someone must know." Lu Yuan sat back on the sofa comfortably, holding a cup of tea, blowing on the hot air, and looked at Gu Nianzhi with a smile, " …Are you anxious?”
"Look at the size of this parade." Gu Nianzhi couldn't explain how he felt.
As a young person with a strong sense of justice, she can understand those young people demonstrating.
The word capitalist is not a good word either in history or in reality.
This is not to deliberately discredit the capitalists, but the capitalists have indeed done nothing good.
Their pursuit of profits determines their shortcomings, which can also be regarded as congenital defects.
But the world is in their hands. A few countries once escaped the control of capitalists, but they were blackmailed to death by these capitalists who control global financial power.
And now, Gu Nianzhi has just learned that her father is actually a man at the top of the capitalist food chain. This is the man who truly stands at the top of the pyramid.
"... Mr. Lu, where did my dad... get so much money?" Gu Nianzhi asked worriedly, very worried that Lu Jin's money came from improper sources.
Lu Yuan heard her concerns and comforted her with a smile: "Your father is so smart. If he wants to make money, it will be easy."
"I'd like to hear the details." Gu Nianzhi quickly sat up straight and listened with open ears to Lu Yuan's talk about "Von Roersted's" "history of fortune", or the first pot of gold.
"More than ten years ago, there was a global financial crisis in the world."
"The financial crisis started with the subprime mortgage crisis in the United States."
Gu Nianzhi listened attentively and said hurriedly: "We also have such a financial crisis over there."
She had read about it in books.
Lu Yuan nodded, "It seems that things have happened, but I think the reasons must be different."
Gu Nianzhi: "..."
Lu Yuan took out his mobile phone, searched for news about the financial crisis that year, and showed it to Gu Nianzhi: "Look, you know Lehman Brothers, the largest investment bank that collapsed at that time, right?"
Gu Nianzhi took a look and said, "Yes, because the US government refused to bail out Lehman Brothers, this investment bank eventually collapsed."
Lu Yuan said with emotion: "At the beginning of that year, someone suddenly warned the financial market of the seriousness of the subprime mortgage crisis, which quickly caused panic in the market, which in turn triggered a comprehensive default in financial derivatives and the bond market."
"To put it simply, it's like a bank being run on. The debt lent has not been recovered, but suddenly all the depositors came to ask for withdrawals. The bank definitely does not have that much cash to withdraw. This is a breach of contract and the bank will go bankrupt."
"At that time, many large, medium and small banks and investment banks in the United States were on the verge of bankruptcy overnight. Short sellers entered the market and went short on all aspects of the stock market. Your father only used US$10,000 to make capital. Through continuous short selling and short selling, he almost hollowed out Lehman. Brother’s market value.”
Gu Nianzhi didn't even blink when he heard this.
The financial crisis happened before she was twelve years old, and she doesn't remember it at all.
All she remembered was the financial crisis in the other world, which she read about in books and in the media.
"After the collapse of Lehman Brothers, your father entered the highly leveraged financial derivatives market."
"That era was a time of carnival for financial short sellers. They starved the timid to death and starved the bold to death."
"Your father used his genius mind to acquire astronomical wealth from the stock market in a short period of time."
Gu Nianzhi rolled his eyes and couldn't help but say, "Does the person who suddenly jumped out to warn about the subprime mortgage crisis have something to do with my father?"
Lu Yuan smiled meaningfully, "What do you think?"
"... But how did my father know that the subprime mortgage crisis would break out? He is not a professional in finance, either?" Gu Nianzhi asked doubtfully.
"Your father is not a professional in finance, but he is a master of physics. It is no longer news that Wall Street is willing to hire top physics students to make financial models for them."
"Of course, Wall Street cannot afford to hire your father, but your father once kindly helped people build a credit analysis model. This model was later used by the three major credit rating agencies in the United States to predict future default rates in the financial market."
Gu Nianzhi: "..."
When Lu Yuan talked about what happened back then, he was so impressed by Lu Jin's ability.
"... Later, when the subprime mortgage crisis broke out, I knew it was related to the road warning, so I asked him what was going on."
"Your father said that the credit rating model has logical flaws. When he helped people make the model, they did not say that it would be used for a credit rating system, and he did not expect that it would be fully adopted by the three major credit rating agencies. "
Gu Nianzhi understood immediately and said in surprise: "...So my dad has long known that the rating system of the US credit market is based on wrong predictions!"
"Yes, since the credit rating of the entire financial market has fundamental flaws, then the credit ratings of various bonds, financial derivatives and stocks rated by this system are flawed. This loophole determines the entire credit rating and the financial market. It will collapse within a certain period of time.”
"Your father calculated the time for the entire market to collapse and issued an early warning after all-out short selling."
Gu Niazhiyao was really drunk thinking about his father's heroic demeanor when he was strategizing in front of the computer without leaving home, relying entirely on mathematics and physics knowledge to make huge profits.
With such a defiant father, it’s no wonder that Mr. Huo’s sense of crisis has increased...
Gu Nianzhi secretly made a face in his heart, with a hint of a playful smile on his lips.
Lu Yuan continued: "... The entire Western financial credit system can be said to have been brought down by him alone."
Gu Nianzhi: "..."
She coughed slightly, indicating that we would not bear the blame: "...Mr. Lu, what you said makes no sense."
"First of all, my father has no subjective intention to bring down the Western financial system. You just said that he makes credit rating models for people on a friendly basis, which means it is completely free."
Lu Yuan laughed and nodded, "Yes, this is a lesson. Free things are the most expensive."
Gu Nianzhi raised the corners of his lips, "Yes, so the other party actually took advantage of my father."
"Secondly, after he was infringed, he still ignored the previous suspicion and issued an early warning at the appropriate time, which is equivalent to saving the Western financial system and preventing them from being destroyed. Isn't this enough? - This is already great. Bar!"
Gu Nianzhi tapped his fingers on the coffee table in front of him, "My father has done his best to be benevolent and righteous. As for whether he made a little fortune later, it was just to collect the remuneration he deserved. - Don't you have to pay for using other people's credit models? "
"This may be the biggest loss caused by piracy in history..."
Lu Yuan laughed out loud at Gu Nianzhi's sophistry, pointed at her and said repeatedly: "You have such a sharp mouth! You are really on par with Qin Suwen, the barrister back then!"
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This is the second update today: Chapter 1798 "Free is the most expensive".
Remind everyone of monthly tickets and recommended tickets!
Hey guys, little angels~~~
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Recommended new book by urban master Lao Shi: