Chapter 112:
Lin Qi already had a plan in mind to take over a large area of land in the southeast of Sabin City, and Ferrall didn't try to dissuade him anymore. He knew very well that Lin Qi, despite his youthful appearance, was actually a very determined young man.
With such a person, one suggestion was enough; suggesting too much might make the other party suspect his intentions. Not to ntion that Lin Qi was a shrewd individual, so Ferrall didn't bring up those matters again. Instead, they chatted about other things.
Small talk required soone to take the lead, and then it would segue into various topics randomly.
Lin Qi initiated the conversation, discussing the recent news about the three major trading floors ntioned in the newspapers. Ferrall had also read the newspaper in the morning and couldn't help but sigh at the situation in the capital.
"Nowadays, financial trading is flourishing like never before. Many funds that should have flowed elsewhere have poured into financial trading, especially after the six major banks repeatedly lowered interest rates last year and earlier this year. Even the savings of many ordinary people have flowed into stock and futures trading..."
The stagnation or even recession of economic developnt was not sothing that could be manifested in a short ti. There was a process to it. The pace of social developnt began to stabilize a few years ago, then slowed down, and now so small areas were experiencing a wave of closures.
There was a clear process. In this process, the presidential cabinet, with the Conservative Party at its core, had also formulated so redial plans. Their approach was simple: to make banks lower savings interest rates, allowing more money to flow into society, and stimulate overall economic developnt by stimulating consumption.
But the effect... It couldn't be described as bad. The decrease in bank interest rates made ordinary people think that there was no value in keeping money in the bank. Coupled with the predatory actions of so serious financial companies towards the scattered funds in society, the money that should have been used for various basic consumption and to drive the engine of social and economic developnt had all flowed into the financial market.
Coupled with the continuous ergence of one miracle and myth after another in the financial market, more and more people were starting to seek their own investnt brokers to invest their money in the securities market.
It must be said that so indeed made money, or rather, in the face of the non-replicable dividends of this distorted era, any participant could profit, as long as they weren't exceptionally unlucky.
Even the small yellow slips (Note 1) could earn people a lot of money. The miracles among the commoners had attracted more attention, and more commoners were joining in.
The greater the level of macroeconomic regulations, the more distorted and bizarre the federal economy beca. So far, the presidential cabinet had no better way to reverse the current situation. They only hoped to maintain it and avoid major troubles during the president's term.
"Mr. Mayor's recent work is actually related to this. The unemploynt rate in Sabin City is getting higher and higher. Five factories went bankrupt last week alone. Our unemploynt rate has exceeded fifteen percent, which is a very dangerous number."
There was a more solemn expression on Ferrall's face. A fifteen percent unemploynt rate ant that out of the 800,000 population of Sabin City, aside from retirees and children still in school, about 60,000 or so people were without jobs.
And the unemploynt of each of these 60,000 or so individuals would impact at least one family, and potentially up to three families, resulting in livelihood problems for a significant portion of the Sebin city population. In other words, about 200,000 people in Sabin City were currently troubled by unemploynt, and it could be even more.
And this number was still rising. Ferrall and other aides of the mayor all believed that by the end of this year, the unemploynt rate in Sabin City might exceed twenty percent.
So might think that a twenty percent unemploynt rate ant an eighty percent employnt rate, but in reality, this data wasn't as straightforward as it seed.
It revolved around a core issue: the employnt opportunities in the city of Sabin. Once all the available jobs were filled, those remaining would find themselves without employnt, with no opportunities left.
And these opportunities that could provide jobs and wages were diminishing as closures continued.
So when Lin Qi proposed that he could provide even just five hundred job positions, the mayor expressed his support for his plan.
In such impending upheaval, nothing could reassure people more than a job that could ensure a family wouldn't starve.
Through his conversation with Ferrall, Lin Qi also sensed sothing else. Ferrall, including the mayor and even the Progressive Party, were well aware of the problems currently faced by the federation. They were fully aware of the changes happening in the country.
This also made Lin Qi curious. "Don't you have any asures to deal with it, I an, those at the higher level?"
Actually, even at the current stage, there were still ways to reduce so losses, even if so things couldn't be salvaged. But he hadn't seen such things happening.
In newspapers, on TV, those politicians were still touting that the era of prosperity in Baylor Federation had not yet ended. They seed oblivious to the despair on the faces of the unemployed people waiting on the roadside for their future.
They were still promoting this as a wonderful era. Those flashy billboards on the roadside had beco the most ironic phenonon of the era.
No one hit the pause button, just watching the train representing Baylor Federation hurtling towards the abyss!
Ferrall chuckled. "You know, the ruling party now is the Conservative Party..."
This sentence alone explained many substantive things. Ferrall didn't expect Lin Qi to understand, but Lin Qi nodded solemnly, which actually deepened Ferrall's understanding of him.
In an interview soti in the future, Ferrell would make the following remark, "Not only does he have a strong aptitude for business, but he also possesses a deep understanding of political issues." And the idea behind this statent was born today.
Lin Qi opened his mouth slightly. "Political wrangling... I thought our country wasn't like those other countries."
Ferrall didn't know how to respond to this, so he could only say helplessly, "Everyone is actually the sa."
The Progressive Party obviously had so different ideas from the current ruling party, but the ruling party wouldn't agree to the asures proposed by the Progressive Party. If these asures were successful, it would only show the foolishness of the Conservative Party. They would prove that the Progressive Party was right, and they were smarter, so they would lose their voters.
If these asures failed, it would also make people think that the upper echelons of the Conservative Party were fools, as they couldn't see whether so asures were effective before implenting them, making them look as dumb as pigs. They would still lose their voters.
Losing a bit today, losing a bit tomorrow, and eventually losing everything.
So regardless of good or bad, they would eventually lose face. To ensure the correctness and face of the party, the Conservative Party had continuously rejected so "views" proposed by the Progressive Party in both houses, considering these "views" immature.
At the sa ti, they touted that it was the Conservative Party that had led Baylor Federation to prosperity. If they suddenly announced that the country might face so major crises now, it would be like slapping themselves in the face. It would not only hurt, but also be embarrassing.
Party struggles could sotis be very scary. After pondering for a mont, Ferrall revealed another piece of information. "During the next election, the Conservative Party intends to concede. They plan to give up this opportunity."
The situation had beco so serious that the Conservative Party would rather give up the re-election opportunity to avoid making mistakes.
If the federal governnt were to collapse during the Progressive Party's term, it was very likely that the presidential cabinet, including the president himself, would face resignation or impeachnt, and the party's ability would be questioned by the people who lost their jobs. People would no longer easily believe that the party had the ability to lead them out of the predicant and would instead begin to yearn for the Conservative Party, which had led them to prosperity in the past.
Once things really developed to this point, the newly elected presidential cabinet led by the Progressive Party at its core, would face impeachnt, and then the people would petition for the Conservative Party to return to power in tis of crisis.
If that happened, even if the Conservative Party didn't do well, it wouldn't matter, because there was a more foolish party in front of them. So the Conservative Party's concession was not difficult to understand. The offensive tactic of retreating for an attack sotis gave people headaches.
When the conversation got to this point, both sighed. Ferrall was worried about the future developnt of the Progressive Party, while Lin Qi... was sighing happily for the busy days ahead.
The mayor in the plan was supposed to return around noon, but obviously he was delayed. After having a quick al with Ferrall outside the city hall and not receiving any news, Lin Qi directly entrusted Ferrall to discuss the land matter with the mayor and went to the car sales center in Sabin City.
He needed a car now. Sotis he could rent a car from the community service company where he lived, or borrow a car from soone else, but that wasn't always convenient.
He was well aware of the feeling of borrowing a car from soone else, so he decided to buy one.
The car sales center in Sabin City was not like the "Car City" in another world, where each car brand had its own dedicated store. Here, there were only two sales centers, one selling engineering vehicles and the other selling civilian vehicles.
As soon as he entered the huge sales center, Lin Qi unexpectedly felt a hint of coolness in this midsumr. There were few people in the spacious sales center, and gusts of cool wind blew from one end to the other, giving a sense of desolation.
His footsteps disturbed the sales manager who was dozing off, and soon a woman who looked about twenty-seven or twenty-eight years old approached him. "Sir, are you looking to buy a car?"
Note 1. Yellow slips: Yellow slips were crowdfunding vouchers issued by non-publicly traded companies (individuals or organizations), resembling stocks. They were published weekly in the supplent of the Trading Report. Qualifications and funds of the issuing entities were not verified, only the legality of the projects was examined by specialized departnts of the three major banks. These transactions were printed in yellow, symbolizing the associated risks, hence the nickna "yellow slips."Please vote for this novel at /series/blackstone-code/There are advance chapters available nowAccess will be granted 24 hours after the donationTier 1: 7 Advance chapters Link
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