Chapter 197: Capital Has No Compassion

The economic crisis in Sakura Country not only caused severe damage to the people of Sakura Country, but also affected many companies that had trade dealings with Sakura Country.

After all.

The devaluation of the Sakura Coin meant that other currencies appreciated relatively; for example, the same amount of Eagle Dollar could now buy more Sakura Country products.

This was favorable for the export of Sakura Country products, allowing some foreign trade companies that focused on export business to live quite comfortably during this crisis.

And as they exported large quantities of these products to other countries, they would seize the markets of other countries, affecting their local enterprises and even leading to the bankruptcy of some businesses.

This was the aftermath of the economic crisis.

The whole world would be affected.

Furthermore, since many international capitals had previously joined this currency war to take over Sakura Coins, many of these capitals were now also going bankrupt, which in turn affected many related enterprises.

With the superposition of various influences.

This economic crisis that occurred in Sakura Country gradually spread to more and more countries, causing greater and greater turmoil.

Especially for some financial institutions in various countries.

For example, those holding large amounts of Sakura Coins, or those with large amounts of Sakura Coin debt claims.

And among them, those who suffered the most were the banks or securities companies that had lent large sums to the various subsidiaries of Tianqi Group under ten-fold leverage.

One must know that the number of subsidiaries under Tianqi Group's name was now almost uncountable, and they had cumulatively borrowed as much as 14 trillion Sakura Coins from multiple financial institutions around the world using ten-fold leverage.

Converted, that is 700 billion Long Coins.

With the crazy devaluation of the Sakura Coin, according to the current exchange rate of 30 Sakura Coins to 1 Long Coin, after they recovered the 14 trillion Sakura Coins, the value was only equivalent to 470 billion Long Coins.

This was equivalent to a net loss of 230 billion!

Even if this money was spread across more than 50 financial institutions in various countries, it still amounted to a loss of several billion Long Coins for each one when averaged out.

This was enough for most of these financial institutions to directly declare bankruptcy.

And the bankruptcy of these financial institutions would trigger many chain reactions, making the lethality of this economic crisis increasingly terrifying.

Of course.

For ordinary people outside of Sakura Country, most did not feel these effects very obviously.

But in the eyes of various countries and major capitals, the terror of this economic crisis was beyond doubt.

And all of this.

Was initiated by Tianqi Group.

Or rather, it was initiated by Su Xin.

He almost single-handedly stirred up the situation, while others, whether they gained or lost, were merely followers in this currency war.

Only Su Xin was the main chess player.

This made many people truly feel for the first time the deterrent power that Su Xin now possessed.

He was no longer that fledgling business newcomer from before; he had completely grown into a unique behemoth in the global business world.

Even without considering Su Xin's technology and research and development capabilities, the capital he currently possessed alone was a terrifying existence that no one could ignore.

Including the world's number one power, Yingjiang Country, which was also extremely wary of Su Xin at this time.

In this currency war, they had followed Su Xin in selling off a large amount of Sakura Coins, and it was precisely because of this that they could feel the strength of Tianqi Group's capital more than ordinary people.

The key was that all of Tianqi Group's capital was owned by Su Xin alone.

No matter what he wanted to do, he could decide it with a single word, without needing to discuss it with anyone, let alone needing anyone's consent, and he could easily mobilize all the funds owned by the group.

He was not afraid of losses.

Nor was he wary of anyone.

Plus, his personality was so unyielding that he would often risk everything, not hesitating to launch a currency war and pay the price of a worldwide economic crisis just to take revenge on Sakura Country.

Facing such a ruthless person with invincible financial strength and a decisive nature, even a power as strong as Yingjiang Country had to list him as someone not to be easily provoked.

……

In the following few days.

Many people were still selling off Sakura Coins.

And with the arrival of Monday, as the stock market opened, the economic crisis spread to the stock market; coupled with the fact that the stock market was already sluggish under Su Xin's previous blows, the two combined made the collapse of Sakura Country's stock market even more exaggerated than the Sakura Coin.

It was as if all the capital in the world was desperately fleeing Sakura Country.

Under the economic crisis, so many people chose to jump on the first day, and the increasingly worsening situation afterwards made more people make the same choice.

The entire Sakura Country was permeated with a tragic atmosphere.

This made many people sigh with emotion; indeed, there is no worst, only worse.

However.

While Sakura Country was in a state of depression and tragedy, global capital had no sympathy for it.

They were not only frantically fleeing Sakura Country, but also watching the situation in Sakura Country, ready to turn around and give Sakura Country a backstab at any time.

The word "crisis".

Means that after danger comes opportunity!

……

January 28th.

It was also the twenty-ninth day of the twelfth lunar month.

With the approach of the Spring Festival, there was a festive atmosphere everywhere in Long Country, which seemed to be two different worlds from the tragic Sakura Country.

Su Jiazhai was also very lively every day.

The fellow villagers who usually worked outside had basically all returned, visiting each other every day, either sitting at someone's door chatting or going to someone's house to play cards.

Su Xin would occasionally drive Liu Xuewei to play nearby, or occasionally gather with a few childhood friends, and his days were very leisurely.

Of course, every morning, he would take time to communicate with Luan Weiliang about the trends in the financial market, and then combine it with the various data collected by the Tianwei Butler to make corresponding strategic decisions.

This financial war has not yet ended.

The economic crisis occurring in Sakura Country is merely the first half of this financial war.

That morning.

Su Xin finished breakfast with his family and sat in the courtyard chatting for a while.

At ten o'clock, he walked into the study on time and dialed Luan Weiliang's video call.

After the latter reported the day's financial trends as usual, Su Xin said thoughtfully:

"The downward trend of the Sakura Coin has begun to level off; it seems it won't be long before it hits its lowest point, perhaps we should consider closing our positions."

"How are our earnings for these past few days?"

Speaking of this topic, Luan Weiliang immediately became excited, his tone subconsciously becoming high-pitched:

"The various subsidiaries still have a total of one trillion Sakura Coins on hand that haven't been sold off yet, but the fifteen trillion Sakura Coins already sold have allowed us to recoup six hundred and fifty billion Long Coins."

"According to the current exchange rate and trend, considering that our repurchasing will cause the Sakura Coin to rebound, it is estimated that we will need five hundred billion Long Coins to close the positions, and at most it will not exceed five hundred and fifty billion."

"In other words."

"Counting the margin, we will have at least one hundred and seventy billion Long Coins left, which is exactly the cost of all the capital we invested this time."

"Therefore, the one trillion Sakura Coins in our account that have not been sold are pure profit."

"If we can suppress the price when closing the positions, we can earn even more."

"However..."

"The losses in the stock market are somewhat severe."