Rebirth: My 80s
Chapter 1204 Big Creditor
People always pay special attention to and pay much attention to money.
In addition, there was an invisible hand that also added fuel to the flames. Timofeev's withdrawal of money from Chase Bank, which led to the beating of the bank's business manager and the blocking of the bank's door, was exposed by a Moscow newspaper on the same day, and then several other media outlets reported it.
Public opinion was quickly ignited.
How could Chase Bank, with such a solid background, be unable to repay a customer’s savings?
One!
It seems unbelievable, but it doesn't seem so strange when you think about it. It is no secret that foreign banks have been frantically acquiring securities over the past period of time.
These Western capitals coveted the corporate assets left over from the Soviet Union and spent all their rubles.
This has caused many people who were originally eager to exchange their ruble assets into foreign currency to decide to wait and see. After all, even a thief knows that rare goods are valuable.
At the same time, those who have savings in foreign banks are also worried about the safety of their funds. Having lived under the communist system for decades, most people have never been abroad in their lives. People don’t know much about capitalist society, but they have heard some things from others, such as that enterprises can legally apply for bankruptcy in capitalist society.
What would happen to their money if the foreign bank where they have deposited their money filed for legal bankruptcy?
These people don't know and don't want to know, they just want their money back.
As the public opinion spread, a large number of customers rushed to foreign banks, holding their passbooks, and almost everyone shouted two words: "Withdraw money!"
And it has to be the rubles they deposited.
It’s not that the US dollar is not attractive enough. If foreign banks are willing to give a higher exchange rate, they can accept it. But according to the current listing ratio, they are not happy. After all, everyone is saying that the ruble will appreciate sharply.
For foreign banks, what they feared came true. They didn't have so many rubles to redeem, and they never thought that so many customers would flock to withdraw money, and all of them were empty-handed.
Of course, except for Huaqiang Taikoo Bank.
People who have ruble savings in Huaqiang Taikoo Bank are not stupid. This bank has been providing dollar-ruble exchange services, which is unique in the world. How can it not have rubles?
There's no need to be nervous.
At noon, Bank Street was very busy, and could be described as noisy and bustling. Angry shouts were heard from time to time. Huaqiang Taikoo Bank was in sharp contrast with other foreign banks. It was the same as it was before. The bank's beautiful service team provided high-quality services to customers, and customers felt at home here.
In an office on the third floor of Chase Bank, several men in suits were pacing back and forth, as anxious as ants on a hot pan. Some of them walked to the windowsill from time to time and looked down. Every time they looked down, they got more cold sweat on their foreheads.
"What should we do now? There are more and more people, and the herd mentality is terrible!"
"If I can't come up with the money to pay, what else can I do? There's nothing I can do!"
“We’re not short of money!”
"But they don't want dollars. You all heard what the service manager just said. Some bastard said he would only accept it at the exchange rate of 1:0.6. That's 0.6 rubles!"
The manager of the bank's service department is a beautiful local who is very popular. In order to prevent the situation from getting worse, they asked the service manager to invite those customers who were most capable of setting the pace to a conference room to discuss a reasonable solution with them.
The exchange rate of 1:0.6 to US dollars was proposed by one of the customers. If the exchange was done in this way, the customer would be satisfied, but they would make no profit!
The 0.6:1 ruble-to-dollar ratio set by the former Soviet Union and maintained for a long time is, in the eyes of these people, nothing more than their wishful thinking. Apart from their own state-owned banks, which have a plan to make small-scale internal redemptions, and people who have nothing to do and come here to travel, only other people with a hole in their brains will redeem with them.
"But this problem must be solved. If left alone, it will only get bigger and bigger. Sooner or later, it will spread and have a very negative impact on our global business!"
"Yes, credit is the first element for a bank's survival."
"You two make it sound so easy, so come up with an idea."
“Is it feasible to hype up the reverse public opinion?”
"It's not feasible! This is not something you can fool people about. We have already made it clear that our ruble savings are in urgent need of money. The purchase of securities has been a big deal, so who wouldn't know about it?"
"We can only find a way to get rubles."
"How? Where?"
"Continue to borrow from the Russian Central Bank."
"Last time they said they had no money."
"They always say they have no money, but don't they always have money?"
...
While several people were arguing, the middle-aged man sitting behind the mahogany table, who had a complicated relationship with Judy Rockefeller, suddenly slammed the table, his buttocks bounced up from the black boss chair, with a horrified expression.
Finally someone saw through Li Jiankun's plan.
The middle-aged man's lips twitched, and he said in a deep voice: "Rubles, there is one person who has a lot, the Russian Central Bank does not have as much as him, I am afraid it is not even one tenth of it!"
Of course, others know who this person is.
I had thought about it a long time ago, but I subconsciously ruled out the idea of allocating rubles to this person for emergency use.
The two sides have never cooperated.
The two sides are even enemies.
We meet each other in normal times and do business on the same street. We may be hypocritical, but when it comes to real interests, who will help whom?
"What do you mean?" someone asked. What the middle-aged man meant was definitely not the literal meaning.
"Have a meeting, have a meeting! Call everyone, have a meeting!" The middle-aged man's heart was pounding like a drum and sweat was pouring down his face. He took the lead in picking up the landline phone on the table and started calling people.
If everything goes as he imagined...it's over!
An hour later, in a conference room on the same floor.
The representatives of Western capital in Russia gathered together, including several children of wealthy tycoons like Judy, who had entered the bank through the back door.
Everyone sat around a mahogany oval conference table, and only one person was standing. That person was Claudius Stone, the CEO of Chase Bank in Eastern Europe, the middle-aged man with whom Judy had a complicated relationship.
A white, beardless Jewish man with a big, high, protruding nose.
Looking at the participants who all had frowns on their faces, Stone said in a sad tone: "I'm sorry, I have to tell you some bad news. We may have to pay for our ignorance."
"Could Jack Lee be a stupid man? Haha..."
Stone laughed at himself. "Before you came over, I was still wondering why I once thought that he was just a name with nothing but luck. Just now, I figured it out. Because his wisdom is far superior to ours, we can't see through his methods at all. It's not that he is stupid, it's that we are too stupid..."
"Stone, don't let others' prestige destroy your own ambition." Judy said dissatisfiedly.
Stone looked at her and said indifferently: "Ma'am, please let me finish my speech before you express your opinion."
Judy snorted and stopped talking.
Stone went on to say, "Remember when Jack Lee's Huaqiang Taikoo Bank opened an unlimited dollar exchange service, everyone laughed at him, laughing at him for wanting to do serious business in the Soviet Union, laughing at him for losing everything sooner or later, is that true?"
No one answered, but everyone had an expression of agreement on their faces.
Everyone present had laughed at Jack Lee because of this incident. Some even stayed there from the time they started laughing until now. The biggest reason was that they wanted to see Jack Lee lose everything and then let her do whatever she wanted to him.
"Jack Lee's goal is indeed different from ours, at least not completely the same. His first target is not Soviet assets, nor anything else, but us..."
"Are you saying that the current situation was caused by Jack Lee?" someone raised his eyebrows and interrupted.
Stone looked at him and said, "How else? Guys, think about the current situation. We are all out of rubles, and who has the most rubles in the world? It's not the Russian treasury, nor the pocket of a certain CIS country, but him, Jack Lee. Look at the situation downstairs, I'm sure the banks you work for are not much better than this. We urgently need a large amount of rubles to maintain our credibility, and if we can't get so many rubles through other channels, what else can we do..."
Stone's words made many people present sweat on their foreheads.
At that time, will we have to bow to Jack Lee?
Putting aside the issue of face, the people above their heads will certainly be very unhappy. In the energy war in Southeast Asia, their side has not suffered any good results. This is unprecedented in the world. Moreover, there is something that will make them even more unhappy. As Jack Lee owns unique resources, he is fully qualified and will definitely raise the price.
God knows what the cost will be.
Someone exclaimed in astonishment: "He has been plotting against us from the beginning?!"
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Stone closed his eyes and said, "I think it should be like this. This man is not stupid at all. He is so smart that it is hard to describe in words. It's ridiculous that we thought our plan was so secretive and sophisticated. Now think about it, I'm afraid Jack Lee saw through it at a glance. Only if he saw through our plan completely, he could have planned against us from the beginning."
After a brief pause, Stone said in a trembling voice: "Absorbing all the rubles, what a big deal!"
Most people would never dare to think about it.
Not only did he do it, he succeeded.
Stone knew many capitalist tycoons and had witnessed many terrifying capital moves, but compared with Jack Lee's game, they were nothing.
Absorbing the currency of a superpower.
It is simply the ninth wonder of the world!
At this moment, Stone felt as much hatred and respect for this man as he did hatred and respect for this man.
Judy suddenly slammed the table and stood up, her chest heaving violently, "I don't believe it! Our plan is so complicated. We must first complete the fundamental reform of a big country, and then work slowly, one link after another. It is impossible for an outsider to see through our purpose at a glance before we reveal it, unless there is a spy among us!"
Everyone at the scene was feeling insecure, so no one dared to say such things.
Stone had a deep understanding of her and knew that after being slapped into a pig's head, her hatred for Jack Lee had penetrated deep into her bones. Hatred and reason have always been in opposite directions. Fearing that she would continue to make trouble, he interrupted and said, "That's a later story. The most urgent thing is to think about how to solve the current trouble. Dear lady, I need to remind you that Chase Bank is the money bag of your family. It must not be lost."
Hearing him mention the family, Judy regained some of her sanity. "If there really is a traitor, I will find him out!"
After saying this, he sat down angrily.
Everyone discussed the questions raised by Stone and discussed solutions.
"Given the current situation, the only way to calm this matter down is to pay out rubles."
"If Stone's analysis is true, I even suspect that this chaos was also caused by Jack Lee. If he does this, it obviously means that he is sure to win. I think there is no other way except to consult him."
"You have to imagine the high price that would cost!"
"In my opinion, we can first contact the Russian Central Bank. They always say they don't have money, but they always have money. They just want high interest rates. Just give it to them. When this matter is settled, we should also plan a public opinion to criticize the ruble and complete the redemption of ruble savings at a low ratio as soon as possible. Don't put yourself in such a passive position again."
The last person's words were unanimously agreed upon by everyone.
Stone was elected as a representative and led several people to the Central Bank of Russia immediately.
The distance is very short, on the same street, and it is even closer to go through the back door. The car's engine is not even warm yet and we arrive there.
The manager of the Russian Central Bank had long guessed that they were coming. After all, he had seen the chaos on the streets outside. In addition, someone else knew they were coming and had already told him what to do in advance.
Two words: no money.
Three words: no money.
If you still don't believe it, come on, I'll open the vault and show you.
This time, even though Stone and his colleagues took the initiative to raise the interest rate to the level of usury, the Russian Central Bank still had no intention of lending them the money. In desperation, Stone and his colleagues could only drive directly to the Kremlin.
Before lunch, after reporting through various levels, they finally met Ye.
In an office, Ye said he knew their intentions and said straight to the point: "Everyone, it is true that we have no money. It is always true. You are all well-informed. Right now, our country is short of supplies and needs to import a large amount of supplies every day. You can calculate how much our expenses are."
Si Tong said: "It is extremely urgent. The current situation is also very detrimental to the public security of your country. Please help me out. You can decide how much interest to pay."
“This is not about interest or no interest…”
"Ten points!" Stone gritted his teeth.
Ye opened his eyes wide and asked in surprise, "Are you sure?"
Stone looked around and the others nodded in response. Compared to bowing to Jack Lee and being slaughtered by him, ten points were nothing.
Ye shrugged, stood up, and walked towards the table where the landline phone was placed, saying to himself: "Then we can only contact Huaqiang Taikoo Bank again..."
Ok?
Stone and the others were stunned at the same time.
"Wait a minute." Stone stood up and asked in astonishment, "Why do you want to contact Huaqiang Taikoo Bank?"
Ye said as a matter of course: "Ask them for money. Think about it, we need foreign exchange to import materials, and you won't exchange it for us. Now where can we exchange foreign exchange without restrictions? Only their bank has exchanged almost all our money for them. In the past, we said we didn't have any, but you didn't believe us and insisted on having it. In the end, we had to ask them for it. Don't blame us for making a little money. They probably won't lend it to you, right?"
"This, this..." Stone was confused.
The others were also confused.
It turns out that they have cooperated with Huaqiang Taikoo Bank before. In fact, they have cooperated with it many times!
There's just a middleman.
They are the biggest creditors behind them!!
And now, the biggest creditor wants to get them...
What the hell are you still struggling for?
Ye suddenly remembered something and turned his head to look at Strom. "Oh, by the way, Chase Bank has a loan of 100 million rubles, which will expire in a few days. I hope you can fulfill the contract on time. If you don't, it will cause us to default. The national credit is no joke."
Stone looked pale, as if he had lost his parents.
It's over, he thought.
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