In the center of the stage, Yao Yuan held the microphone, smiled and dropped a bombshell that immediately blew up the entire audience.
"I'm sure you all have seen the banner above the stage, which says when the financial crisis will come. This is the theme of today's lecture."
"I can say with certainty that, based on my personal research and judgment, a global financial crisis is imminent and will most likely break out within four months."
"In fact, this past Friday, the financial crisis was almost triggered. What I am talking about is that the bonds of the two housing agencies were rated as junk, which subsequently triggered severe turmoil in the international financial market."
"The size of the two housing bonds is as high as more than 6 trillion US dollars. The main buyers of the two housing bonds are basically governments, central banks, and sovereign funds. Once the two housing bonds are all turned into junk, a global financial crisis will immediately come."
"Fortunately, the two housing agencies announced a stock suspension early this morning, and rumors soon circulated in the market that the U.S. Treasury Department was preparing to take over the two housing agencies and inject more than $1500 billion."
"With this series of news, the crisis has been temporarily resolved. I think the response of the two housing agencies and the possible full takeover by the U.S. Treasury Department are very timely and effective, which is beneficial to the entire international financial market."
"But no one knows when the next bomb similar to the two housing bonds will explode. Will the U.S. Treasury still take over when the next bomb explodes?"
"Given the current precarious situation in the international financial market, I dare say there are many such huge thunders that may explode at any time. That's why I say that this financial crisis will come soon and we need to respond early..."
"boom!"
The scene in the auditorium went into an uproar, and everyone was stunned by Yao Yuan's words.
The small square outside, as well as the many classrooms and dormitories of the University of Finance and Economics, were also instantly boiling with exclamations everywhere.
"Oh my god! A global financial crisis is about to come. Isn't that a bit alarmist? Why don't I feel anything at all? Everything around me is normal!"
"You know nothing! Our country's financial market is relatively closed and less affected by external shocks, so ordinary people don't feel much impact. But if you look at the stock market, the drop is so tragic!"
"Last year in Pengcheng, Yao Yuan was the first to identify the landmark event of the subprime mortgage crisis. Now he predicts that the financial crisis is about to break out. If he really gets it right, it would be amazing!"
All the students from the University of Finance and Economics started chattering about it, their eyes shining with excitement, as if they were eager to see the world in chaos.
Unlike them, the expressions of many experts, scholars and senior executives of financial institutions present at the scene and in the small square all became quite solemn.
They know much more than ordinary people.
They have some understanding of how bad the situation in the international financial market is.
And they are well aware of the staggering losses that a major global financial crisis will bring.
It was precisely because of this that Yao Yuan’s conclusion shocked them so much that they were even terrified.
In the third row of the audience, Professor Ouyang was stunned for a moment, then shook his head helplessly.
"He's really like a monkey. If he doesn't cause trouble for a day, he'll feel itchy all over and be startled all the time!"
"But it's a good thing. Making it clear that a financial crisis is about to break out can make many people give up their illusions."
Professor Liu smiled and nodded, and whispered in agreement:
"This is an opportunity to go down in history. It will be of great benefit to both Yao Yuan and the University of Finance and Economics. It's a win-win situation!"
"Perhaps it is precisely because of this that Yao Yuan publicly proposed for the first time that the global financial crisis will erupt within a few months."
"Just wait and see. As this video spreads, it will surely cause a huge stir in the international financial market, and the University of Finance and Economics will become famous around the world."
Just as he said this, Yao Yuan's mother suddenly interrupted excitedly.
"Professors, from what you two are saying, Xiaoyuan is right. A global financial crisis will indeed break out soon?"
As a university professor, my mother knows it very well.
If Yao Yuan’s prediction is really accurate, what impact will it have?
First of all, it will definitely go down in history!
In addition, Yao Yuan's status in the domestic and international economic and financial circles will also rise and become more dazzling.
The two professors turned to look at Yao Yuan's mother, and then nodded in unison.
"Xiao Yuan is absolutely right. This global financial crisis is imminent. His prediction will definitely go down in history!"
Before he finished speaking, my mother cheered excitedly in a low voice.
"That's great! He will go down in history! I never thought I would be able to see my son become a famous figure in history books. This moment is so memorable!"
As a history professor, my mother is extremely obsessed with leaving her name in history.
In her opinion, this is one of the greatest achievements in life and is far more meaningful than how much money one makes.
Equally excited were my father who was sitting next to me, and several leaders from the University of Finance and Economics sitting in the first row of the audience.
Especially Principal Wang, after a brief shock, he was so excited that he almost jumped three feet high and started dancing.
"That's amazing, Yao Yuan. You never stop talking until you've shocked the world. This statement is so explosive!"
"Within a day, the name of our University of Finance and Economics will spread rapidly throughout the international financial market and economics community along with Yao Yuan's words."
"If the global financial crisis really breaks out within four months, the brand of our University of Finance and Economics will be coated with a layer of dazzling gold."
After hearing what he said, several other school leaders nearby smiled and nodded in agreement.
"Hahaha, that's true. Yao Yuan is doing us a huge favor. This lecture is totally worth it!"
"To be honest, I kind of hope that a financial crisis will break out. That would seem to be of greater benefit to our university!"
Just as several school leaders were discussing in low voices, the president of Peking University, Professor Lin, and Dean Zhang of Renmin University, who were standing nearby, were all a little jealous.
At the same time, many media reporters in the auditorium raised their cameras and frantically pressed the shutter button at Yao Yuan on the stage.
For a moment, there was a chorus of camera shutter clicks and flashes of light went off one after another.
At this moment, a foreigner sitting in the front row suddenly stood up and spoke loudly in awkward Mandarin:
"Hello, Mr. Yao Yuan, I am Miles from the Harvard School of Economics, currently a visiting scholar at Peking University. Nice to meet you."
Yao Yuan looked at the other person, smiled, nodded and greeted him.
"Hello, Professor Miles, I have heard of your name. It is a pleasure to meet you. Welcome to the University of Finance and Economics and welcome to attend my lecture."
"It seems that you have something to say, so please speak freely. I am all ears, and I am very happy to discuss issues related to the international financial market with you all."
Just as he said this, a young teacher from the University of Finance and Economics walked quickly to the row of seats where Miles was sitting and had someone hand the microphone to Miles.
After getting the microphone, Miles immediately said:
"I would also like to discuss with you that I do not agree with what you just said, that a global financial crisis will break out within four months."
"I think you are exaggerating a bit. The situation is not as bad as you say. Let me use the two housing agencies as an example to illustrate my point."
"The problems of the two housing agencies are indeed not small. The scale of mortgage bonds issued is huge, up to 5 or 6 trillion US dollars. If the two housing agencies go bankrupt, it is indeed possible to trigger a global financial crisis."
"But I can be sure that the U.S. Treasury will take over the two housing agencies and inject huge amounts of money into them. In this case, the two housing agencies will only be delisted but will not go bankrupt."
"Once the U.S. Treasury Department takes over the two housing agencies, with the U.S. dollar credit backing, the five or six trillion dollars of two housing agency bonds will be safely landed, and repayment of principal and interest will not be a problem."
"The feedback from the international financial market is quite positive. Countries and central banks around the world agree that the U.S. Treasury should take over the two housing agencies. The bond market has stabilized quickly."
"If problems of this magnitude can be solved, will other minor problems still be a problem? Under such circumstances, I don't think there is a possibility of a global financial crisis breaking out in the short term..."
Next, Miles spoke a lot more proudly.
As he expressed his views, many people at the scene nodded in agreement, obviously agreeing with his point of view.
When he finished speaking, Yao Yuan immediately replied with a smile:
"Mr. Miles, you are a visiting scholar at Peking University. I wonder if you have heard of the Chinese idiom, 'last glimmer of light'!"
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