Chapter 1410 The Emperor’s New Clothes

Ever since mankind invented the stock market, lies and fraud have followed. It should be said that Wall Street's unscrupulous plunder ultimately led to very serious consequences. Without the Great Depression, a world war might not have been fought, and even if it had been fought, its intensity might not have been so exaggerated.

In order to prevent repeating the same mistakes, humans began to review their own mistakes. As the saying goes, guard against the small and avoid the slowdown. Anyway, Wall Street has become much more honest after the war, and the wealthy bumpkins have also discovered that if you go too far, money is actually the god of death.

Under severe penalties, monopoly companies began to be broken up. Those who manipulated the market and engaged in insider trading were thrown into jail. For a long time, it could be said that Wall Street was basically the cleanest market in the world.

However, they seem to have forgotten that there is no eternal law in this world. A law that was very good yesterday may not be suitable for tomorrow.

The devil is as high as the Tao, and the essence of capital is the devil. If the law cannot keep pace with the times, then a return to the Great Depression will be inevitable.

What was so scary about the Great Depression?

It is meaningless to say how much the stock market has fallen. The securitization rate at that time was actually not high. Compared with now, it is simply a world of difference. But why is it so scary?

It’s actually confidence. When this market loses confidence, all participants will become salty fish.

Because you can't do anything!

I don’t know where it will fall, I don’t know when to buy the bottom, and I don’t know where the funds to buy the bottom will come from. To put it bluntly, this is the collapse of the entire value system. It happened once in the United States during the Great Depression, and mankind saw its horror. It was just a hair away during the subprime mortgage crisis. If the Fed hadn't passed on the risk, what would have been the final result? It’s really hard to tell.

As for now, William White doesn't think the dot-com bubble is anything to fuss over. You just see that the bubble is huge, but you don't notice that without this bubble, how could the Internet have dominated the world?

What's the right price?

The price accepted by most customers is ah. Since it talks about marketization, William White believes that there is no need to say how high or low the stock price is. Especially when these words came from Greenspan's mouth, it was very inappropriate.

Okay, Silicon Valley is in a wave of bankruptcies. Not to mention those guys hanging out in garages, even Nasdaq, at least half of the companies are unsustainable.

Well, you have issues with this bubble and fear of the rise of new wealth groups. So, what about the energy bubble and 3G bubble that are brewing now? Everyone should be treated equally, right?

You know, the rise in energy prices in California has triggered a serious crisis. That is to say, the winter here is not cold, otherwise, there might be a little match girl selling it.

"Um, Dad, this guy is really serious. Now that he's attacking, are you planning to give Lao Ke eye drops?

I just got the briefing and I thought, this is going to be a problem for me soon. "

There are no surprises in Peanutton's throne, so there is no need to act too eagerly now. Checking tickets manually is just a matter of doing it by hand, and it won't change anything anyway. However, the position is different, and the mentality is also different. If this happened a year ago, this guy might still be gloating about his misfortune.

But what about now?

"Son, in fact, he is a very qualified politician. Just be lucky, living in the same era as this kind of person is the greatest tragedy." Faced with his son's complaints, Bushu Lao disagreed very much. You can see the crisis of the energy issue. How could William White's team not understand the truth?

However, the Emperor's New Clothes tells us a truth, don't tell us if you see through it. Especially when you are an adult, don't hold your tongue.

You see, he expressed his anger at energy companies, denounced so-called market principles, and then spent a lot of money to help the poor.

Well, he even sprayed Greenspan in the face. To be honest, Greenspan is not well now. When did I say there was a bubble in the Internet? How could you throw this blame to me?

While saying there should be no administrative intervention, they also demanded price control. Damn it, this is the Federal Reserve Bank of America, not a price bureau.

Of course, these words can only be used as slander. If you go out and say this, you will be sprayed into a sieve immediately. Whether the Internet has a bubble or not, it will not affect the lives of ordinary people. But natural gas and electricity can. If these things could be used for speculation, would we still be alive?

"Dad, the problem may be a bit big this time." As a veteran oil family, Bushu naturally has plenty of experience in fighting. Pacific Gas had cleaned up its physical properties like a fire sale. If there were no problems, he wouldn't believe it anyway.

In fact, when it comes to large-volume transactions involving energy, what you can see on the surface is simply the tip of the iceberg. Don't think that just having money is enough. If that were the case, the largest oil company in the United States would be White Oil.

"Haha, of course there is a problem. But, son, the seriousness of this matter is probably beyond your imagination.

Look, what company is raising the price of electricity? Has any media paid attention to such an obvious goal?

Including NBC.

So, you should pay attention when watching the news, especially NBC’s financial news. I don’t know if you’ve noticed, but they haven’t mentioned 3G communications for quite some time, which was a hot topic some time ago. "

Well, Bushu seems to have thought of something unusual. He is very concerned about William White's industrial layout, as it is the largest group company in the United States. Even without mentioning his relationship with William White, it would be impossible to ignore it.

The communications industry also plays a very important role for White Investments. If you don't talk about other things, you will understand just by looking at how many patents this guy has. Even if he disbands the laboratory and sells his communications industry, relying on the income from these patents, he will still make a considerable amount of income every year.

What he didn't know was that William White had become more like a patent company, or a patent troll. Anyway, no matter what you do, no matter how many gigabytes you have in the future, one thing is that you still need to pay for the most junior patents.

"That's not right, dad. He has invested so much in 3G research and development. It's logically impossible. As far as I know, they are currently studying the 3G application of the Starlink project. The amount of money required is simply appalling."

Lao Bushu also said he couldn't understand his son's problem. As a politician, he is qualified, so as long as he uses political logic to judge, he quickly comes to a conclusion.

That guy is definitely holding back his ultimate move. As for what is shown now, it is more of a retreat to advance.