Chapter 1528: Chapter 597: Shocking Scandal_2
Yan Fei nodded and said, “I will.”
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Upon accidentally learning about the intelligence related to the historical activities of the Destiny Organization, Yan Fei began to ponder how to locate the stronghold on Earth of the Second Generation Destiny Organization, also known as the mastermind. He was now eager to eliminate this behind-the-scenes player. If the mastermind were taken out, it’s highly likely that the next Destiny Organization wouldn’t appear for another two thousand years, and thus he would enjoy two millennia of freedom, provided that he could live that long.
To achieve this, Yan Fei even postponed his entry to the Dreamland Cave World. He continuously collected data on the Internet, hoping to find clues to the whereabouts of the mastermind. However, after staying busy for a while, Yan Fei still ca up empty-handed.
Just when Yan Fei was about to give up searching, an explosive piece of news was suddenly published in dostic newspapers of The United States of Arica. An anonymous whistleblower alleged in the news that the current aging President had manipulated stock prices in the stock market, enabling the shell companies controlled by his family to reap massive profits, while a vast number of Arican investors suffered losses.
According to this whistleblower, the aging President had capitalized on the opportunity of the tariff Trade War with China to make early arrangents. He would consistently post on Arican social dia, and his ssages were mostly negative. Following these negative remarks from the President, market panic would ensue, leading to a crash in the Arican stock market.
The family behind the Arican President had registered several Offshore Shell Companies in the Cayman Islands, into which they funneled family wealth for trading activities in the dostic market. Whenever the President released panic-inducing news, the Arican stock market would plumt, and these Offshore Shell Companies would aggressively buy up stocks of quality companies at rock-bottom prices.
After these Offshore Shell Companies had bought up a sufficient number of shares, the President would disclose positive developnts reached with China. This was not only to tout his achievents but also to boost stock market confidence and send stock prices soaring. Stimulated by these optimistic reports, the Arican stock market would experience a sharp surge, at which point these Offshore Shell Companies would sell their low-cost shares for high prices.
Once the Offshore Shell Companies had made a hefty profit, the President would imdiately backtrack, brazenly overturning all previous agreents with China, returning everything to the Starting Point. Then the President would once again release panic-inducing news on social dia, creating another wave of market panic, pushing the Arican stock market into a downturn. The Offshore Shell Companies at his back would once more seize the opportunity to buy low, collecting a vast amount of quality shares. Following that, the President would repeat his previous tactics, manipulating the rise and fall of the Arican stock market.
Under the precise control of the Arican President, although the Arican stock market underwent significant volatility, the general trend remained upwards. Due to the stock market’s rise, no one detected the President’s deceit. Even before the official fall-out and declaration of war with Dream Island, the Arican stock market reached an all-ti high.
The President shalessly credited the rising stock market’s success to himself, claiming to have created enormous Wealth for Aricans. But in reality, the majority of Aricans had been wiped out by the severe market fluctuations, becoming heavily indebted, while the President and his family profited imnsely behind the scenes.
By the ti The United States of Arica went to war with Dream Island, the Offshore Shell Companies behind the President had already made enormous profits from the tumultuous Arican stock market. According to the whistleblower’s estimation, the President and his family had amassed over fifty billion US Dollars in Wealth from these contrarian trades.
This was a scandal of epic proportions aid at the Arican President, and it had just been detonated, causing a massive uproar within The United States of Arica. Everyone suddenly realized that, ever since the President took office, the Arican stock market had shown nurous abnormal fluctuations, leading to heavy losses for retail investors. Although the stock market had reached its highest point in history, giving the appearance that everyone involved had made a fortune, in reality, the retail investors had taken heavy losses, while the President and his family-led market manipulators were the real big winners in the stock market.
Initially, these people thought it was their own limited ability to trade stocks and seize opportunities to make a fortune. Little did they know that the stock market’s ups and downs were entirely disconnected from skills; the market was abnormal and controlled by the Arican President. Ordinary people were re leeks in the eyes of the market manipulators led by the President, harvested again and again.
Before, Aricans were unaware of these insider dealings. They saw on the dia how unfair trade relations between The United States of Arica and China were, and how China supposedly took advantage of Arica, so they supported their President’s hard stance against China. They even sympathized with the President when he appeared to be at a disadvantage. Now, it seems that the President was rely acting; his seemingly incoherent outbursts were very deliberate. The President never took the trade dispute with China seriously; instead, he used it as a Weapon to harvest retail investors in the Arican stock market.
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