Chapter 72:
The gentlen sitting around didn't pay much attention to Lin Qi's business. Auction houses that truly made money were those targeting the upper echelons of society. The benefits created by ten thousand ordinary people couldn't compare to those generated by a single tycoon. Ordinary people would take a long ti to consider purchases, and as soon as the price exceeded their affordability, they would decisively give up.
However, tycoons were different. They only discussed whether they liked sothing or not, never considering the actual value of an auction item. For things they liked, most people claid there was no limit to their spending.
The conversation quickly shifted from Lin Qi and others' businesses back to the financial market. People exchanged reliable or unreliable insider information. In reality, most of the information they discussed was unreliable because genuinely reliable information wouldn't circulate widely. It was confined to a few individuals rather than being known by everyone far from the federal financial center.
From another perspective, the information they spoke of was unverifiable to themselves, mostly coming from their stockbrokers, and these brokers were not all trustworthy.
A social card ga concluded amidst the chatter. Lin Qi wasn't very lucky; he lost around ten bucks, while others had varying wins and losses, but the amounts were not significant. This was a social gathering; the purpose wasn't gambling but to get to know each other, gain so understanding, grasp each other's political stance, business attitude, and judge whether they could be good friends.
After the card ga, two gentlen approached Lin Qi. They warmly invited him to a small gathering they were hosting, comprising community residents and so friends from society.
This was the core of middle-class community culture. However, this community culture was gradually becoming indifferent with the developnt of the tis. After experiencing so social changes and epochal events, people began to refuse to share opportunities.
It might not be the best of tis, but it certainly wasn't the worst.
Watching people depart, Lin Qi made a phone call to the community's service company to co and clean up the aftermath.
For the past few days, Lin Qi had been imrsed in various social activities. He also started paying attention to the financial market. He observed that in the three social events he attended recently, the core of people's conversations always revolved around how much money they made in the financial market.
When everyone was making money, it ant the risks were growing, and disaster was imminent. The reason was simpleprofit couldn't be created out of thin air; soone must incur losses. However, these losses might not occur imdiately but rather with a relative delay.
One morning, while Lin Qi was watching politicians still boasting about the astonishing achievents of the federal economy on TV, the phone suddenly rang. Lin Qi lowered the TV volu and answered, "It's ..."
Sotis seemingly unrelated celebrity interviews and talk shows would reveal details people might overlook. For example, when a politician spoke about his achievents, he ntioned sothing that caught Lin Qi's interest.
"Lin Qi, my friend, it's , Fox. Can you co over? We need to talk."
This call was a bit later than Lin Qi had imagined. He thought Fox would have encountered trouble earlier, but it wasn't too late now. He agreed, did a quick tidy-up, and left.
He was considering buying a better car. A luxury car could make him look more like a successful person. He had encountered soone like that in a small cell before.
That person didn't have any money. He used the money from selling his house to rent a top-of-the-line luxury car, bought a new outfit, used so small tools to rge himself into a photo with certain leaders, and managed to deceive quite a bit of money. What was more interesting was that he turned himself in, and if he hadn't, he would never have appeared in front of people again.
People always would admonish themselves not to be shallow and judge others by appearances, but everyone tended to make the sa mistakes.
When Lin Qi arrived at Gettnau Financial Company, there were just as many people waiting as before. While the middle class and the upper echelons were still discussing the dividends brought by financial investnts, they failed to notice the enormous problems erging at the bottom of society.
After Lin Qi entered the office, Mr. Fox warmly welcod him, "Do you have plans for lunch? If not, let's have lunch together."
Once Lin Qi settled in, Mr. Fox began talking about the challenging situation he found himself in. "We've always been good friends, and our cooperation has been pleasant. I won't beat around the bush. I've run into a problem."
Lin Qi nodded, "I'm listening..."
"Well, as the agreents expire, so of the collateral's rights have been transferred. You know, these things have beco mine, but my trouble is that I can't efficiently liquidate these assets."
When Lin Qi proposed the plan to let the borrowers abandon the collateral as his new high-interest-rate loan operation, Mr. Fox was quite pleased. It was a big deal, and he was sure to make a steady profit. However, he didn't expect selling these assets would be so difficult.
From a set of exquisite tableware to an unused oven, even if these items were brand new and priced at half of their original value, it was challenging to sell them now.
Wealthy people didn't want to use things that others had used. They had an inexplicable aversion, and the motivation behind this aversion was the fact that they still had so money.
Those who didn't have money couldn't afford these things, and the people Mr. Fox dealt with were often those who pawned items for loans; they were even less likely to buy these things here.
The items were hard to sell, took up too much space, and Mr. Fox had already rented over ten warehouses in the suburbs to store these items. It was truly a dire situation.
What was more troubleso was that he still had to pay the bank interest. Even with negotiations between Lin Qi, and Joegleman, and so policies implented by the federal governnt that slightly lowered the loan interest rates, Mr. Fox still had to pay interest.
He could delay repaying the principal, but he couldn't avoid paying the interest. The money in his hands was rapidly accumulating like a snowball. At least, according to the mortgage loan agreent, he invested most of the money into a money-rolling business, leaving only a small amount for ergencies.
If he were to terminate so agreents now, his losses would beco significant, especially in those compounding loan relationships where he didn't stand to earn much after paying the bank interest. Therefore, he was not very willing to terminate these agreents prematurely and could only turn to the "clever Lin Qi" to discuss the matter. He also believed that Lin Qi would surely have a solution.
After hearing Mr. Fox's request, Lin Qi shrugged, casually taking out a solid-colored Colofu from the iron box on his desk. "You can sell those collateral items; soone will need them."
Mr. Fox remained silent. Behind him, Fox Junior continued, "We've considered this approach, but...," he shook his head, "the results are not good. Yesterday, we only sold less than twenty items, and they were all cheap little things. This path doesn't seem feasible."
Lin Qi leisurely cut the ends of the solid-colored Colofu. He opened the lighter, lit one end, and took a slow puff. After Exhaling, he said, "Mr. Fox, and Mr. Fox Junior, if you think these items are difficult to sell, it's because you're not professional enough."
"I have a valuable piece of advice: 'Let professionals handle professional matters.' You're not professionals; you can't do it, but others can."
Mr. Fox's eyes swiveled around before looking at Lin Qi. He paused for a few seconds and then said, "So who are the professionals, and how much do I need to pay?"
Lin Qi smiled, shaking his head. He rested one of his legs on the other one, flicked the ash off the Colofu, and said, "If you don't mind, Mr. Fox, we can talk about our future collaboration."
Mr. Fox couldn't help but chuckle, "Why do I have a feeling that I've been tricked? Is this feeling normal?"
Lin Qi answered cleverly, "People feel this unreal sensation when facing happiness. They don't believe happiness can co so easily. It suits your current situation very well."Please vote for this novel at /series/blackstone-code/
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