Compared to Wang Yufen, Cheng Huichang, and Wu Peifang's tragic losses, Xiang Nan took advantage of the stock market crash to make a fortune?
By shorting the stock market, he made at least 300 million yuan, and he is already qualified to become the richest man in Sweden?
However, Xiang Nan knew that wealth does not reveal wealth, so he diversified his money and stored it early to avoid being exposed early, causing a big tree to attract trouble and cause trouble for himself?
He plans to use the next three or four years to successively acquire valuable and potential factories and resources in Sweden, and officially transform wealth into capital?
When he controls Sweden's economic lifeline, he becomes the most powerful person in Sweden. No matter who is in power, his status will not be affected?
In this way, even if the Jin family is a wealthy family in Sweden, who else dares to bully them? This is much more reliable than anyone else.
…?In the following months, the Great Depression continued to spread, and the stock market continued to plummet, as if there was no bottom?
A large number of companies have suffered losses or gone bankrupt, foreign trade orders have dropped significantly, and a large number of workers have lost their jobs...has the global economy fallen into a Great Recession?
What's even more troublesome is that, affected by the economic crisis, the banking industry, which has always been rock-solid, has now become shaky.
Countless small and medium-sized banks have gone bankrupt, and even many large banks are facing the risk of bank runs? Without complete statistics, in the United States alone, there are as many as 650 banks that have failed, and more than 4,000 banks that are on the verge of bankruptcy?
And this trend soon spread to Sweden, causing great misfortune to Jin Fengju, Jin Hesun and Jin Pengzhen?
It turns out that the three of them deposited all their money in small banks because of the high interest rates. Now that the Great Recession has hit, these banks have suffered huge losses in their investments and loans.
Coupled with the panic run by depositors, these banks also went bankrupt? In this way, Jin Fengju, Jin Hesun, and Jin Pengzhen were unlucky?
Not only did they lose money in the stock market, but they also lost all their savings for many years. As a result, the three companies were completely ruined.
Soon, they didn't even have money to buy food. In order to maintain their lives, they had to sell the furniture they had purchased at high prices, such as cars, refrigerators, radios, telephones, gramophones, etc., and even their houses. All sold?
But because this is the Great Depression, the prices of these furniture, which we once paid high prices for, have dropped by more than half, and even require a 10% or 20% discount to sell them. It can be said that we have lost a lot of money?
For example, the Volkswagen that Jin Fengju bought for 3,000 yuan back then cannot even be sold for 600 yuan now.
It can be said that we lost a lot of money. But in order to eat, we have to sell?…?
"Third brother is really almost selling out all the pawns?" Xiang Nan asked Bai Xiuzhu in surprise. Bai Xiuzhu nodded.
"Well, the house is almost empty. The car, refrigerator, radio, washing machine, gramophone, and even the good clothes she bought before are all sold. It looks so pitiful." When she went to visit Wang Yufen in the morning, she was surprised to find that her cousin's house It's almost empty. Almost all the appliances, furniture, clothes, jewelry, etc. that can be sold are almost sold out? This also makes the third brother's family with nothing to live on. It looks really pitiful? Especially Wang Yufen was angry before I vomited blood, and now I don’t even have the remaining savings, and I don’t even have the money for medical treatment. My whole body is sallow, and it looks really distressing?
"Poor people must be hateful." Xiang Nan curled his lips. If they had been willing to listen to him, they wouldn't have suffered the losses they have now.
If they had been willing to stand on their own feet, they wouldn't be in this poor situation now?
"Don't say that, she is already very pitiful." Bai Xiuzhu advised,
"I left five hundred crowns for my cousin, hoping I could help her out for a while.?
"Don't give her money anymore." Xiang Nan said after hearing this?
"Why?! Five hundred crowns is not a lot of money, and it's not that you can't afford it. Why are you so stingy?" Bai Xiuzhu said dissatisfied after hearing this?
Five hundred crowns is only equivalent to over six hundred oceans. This little money is nothing to Xiang Nan.
Even to her, it's just a drop in the bucket?
"I'm not stingy, but if you help her now, you are harming her." Xiang Nan curled his lips and said,
"What she needs now is not money, but the spirit and courage of self-reliance? The reason why the eldest brother, second brother, and third brother have reached this point is that they only know how to eat, drink, have fun, and are arrogant and extravagant. They don't know how to be self-reliant. So when the crisis comes, they all Is it over? If you give them money now, they will have no need to change. In this way, they will continue like this for the rest of their lives. Can you bear to see them being parasites for the rest of their lives? Only they know how to make progress. When the time comes, we will help They only have meaning. Otherwise, it would just be raising a few more pigs waiting to die." Bai Xiuzhu was stunned for a moment, then nodded..." Two months later, Jin Fengju's days of pawnshops finally came to an end, because Is there really nothing left to do and even the house has been sold? So by the beginning of the 1930s, the three of them had no money, so they had to run back to the Jin family mansion in despair and beg Jin Quan to take him in? Jin Although Quan took them in, as he said before, he just gave them a bowl of porridge for every meal. They wanted to eat vegetables, meat, fish, fruits, pastries... nothing? Let them get used to eating and drinking. How could Jin Fengju, Jin Hesun, and Jin Pengzhen, who were having fun, endure the delicacies of the mountains and seas? In less than three days, their mouths were full of tears? But they didn’t dare to ask Jin Quan? After all, the three of them don’t even have the ability to stand on their own now. , once Jin Quan is offended and kicked out, they will not even have a place to stay? But the three of them are not willing to just eat white rice every day? Although compared to the poor people who have lost their jobs and lost their savings, a bowl of white rice is Already rare? But they are used to enjoying it after all, so they are forced to grow up. They want to find a job, make money to support their family, and live the same life as before? For this reason, the three of them Are they all starting to look for jobs? But now that factories and companies have closed down and orders have dropped sharply, it is naturally not easy for them to find jobs. They go to the employment agency to queue up every day, but every time they come with hope. Returned disappointed? And after being in contact with the poor people for a long time, they realized that it is actually very rare for them to have a bowl of food to eat. Like many poor people, they have no money to buy rice, so they can only rely on charity and Begging. Even picking up unwanted garbage and taking it back to eat. Even so, you don’t have food to eat every day? There are many people who are hungry, sick and dying of hunger. After letting the three of them see it, they all couldn’t help but regret it. The life we live in is too extravagant? As long as we save some money, we can still live a quite prosperous life. At least we can have enough food and good food. How can we be like now, when we are forced to gather with so many people? Looking for a job together is so polite.
