The R central bank's continued interest rate cuts forced Xing Baohua to take the matter seriously. Mitsui Fujisaburo also realized the crisis involved and informed Xing Baohua, giving him a heads-up.
Anyone with a basic understanding of economics knows what interest rate hikes and cuts represent.
Couldn't those elite Japanese soldiers see it?
If the current consumer market is clearly booming, why add fuel to the fire? It's time to cool things down.
Instead of cooling down, interest rates continued to be lowered, further boosting the consumer market.
In Xing Baohua's eyes, this resembled a distorted consumer market.
If Mitsui Tousaburo brings loan interest rates from major Japanese banks that are higher than 12%-18%, even 20% annual interest rate would be considered normal. However, if the annual interest rate exceeds 20%, it would be considered normal.
The Japanese economy will collapse again, like an avalanche.
This is not an effect of the global economic crisis, but a man-made economic influence.
There is someone who wants Japan's economy to collapse, and this person is an important figure with powerful connections.
Otherwise, it wouldn't affect the loan interest rates of major banks.
Xing Baohua pondered and analyzed, then took a piece of paper and casually wrote on it: credit crisis, subprime crisis, mortgage crisis, bad debt crisis.
Xing Baohua lit a cigarette, rubbing his forehead as he pondered, "What exactly does the other side want? What good will it do them if Japan's economy collapses?"
The people on the Japanese side were already facing some economic difficulties after several crises, but most of them were still doing alright as long as their salaries hadn't decreased much.
However, when a company is not doing well, it will lay off employees. Similarly, some people will run out of money and even resort to credit cards or personal loans to get through a few days of hardship.
With everyone involved in financial management and other investment products, a small portion make money while the majority lose money. As long as they don't lose their jobs, they can still make ends meet, and with decent benefits, they can barely get by.
Even so, they stubbornly maintain the facade of an economically developed country.
Indeed, the GDP is very high, and the average national income is also high.
Just like looking at the GDP of various provinces and cities, the average income reaches over ten thousand. Looking at my own income of just over three thousand, I feel like I'm not only dragging others down, but I'm also holding them by the ankle and making them drag me along.
This high GDP is largely due to the support of a small number of high-income individuals.
The Japanese were the same; they were just a few wealthy people, and even when averaged out, their income was still much higher.
The rich are too rich, and the poor are too poor; it's just that most people haven't seen what the poor Japanese look like.
Don't assume that the Japanese devils lived a life of peace and prosperity. That was only a small part of them. Some of them ate rice with soy sauce, just like we eat steamed buns with pickled vegetables.
The credit crisis and mortgage crisis had already emerged during the economic crisis a few years earlier, which also led to many banks having bad debts.
Many of those who previously owed loans have become defaulters, either incurring bad debts or having their collateral sold off.
If mass consumption takes off, these people will face a subprime crisis, a new round of credit crisis, and a mortgage crisis.
Low bank interest rates discourage many people from depositing money in banks, so banks turn around and use high interest rates for lending or property collateral.
So this time, the profits that banks will see should come from the collateral.
Besides cars, it's all about houses.
Xing Baohua clapped his hands, exclaiming, "Damn it, it's still about real estate!"
So, the 1:1 shopping rebate program that Xing Baohua set up will be a driving force.
Capital is waiting for Huaba to run away and collapse.
Once the system collapses, all Japanese citizens who participated in the spending at the flower bar will face family bankruptcy.
When consumption exceeds income, or even when borrowing money to consume, it becomes a matter of living beyond one's means.
How terrifying is that?
It will be very difficult for this group of consumers to turn their lives around within a few years or even a decade.
It is easy to go from frugality to extravagance, but difficult to go from extravagance to frugality.
They've already developed a big spending habit; going back to eating plain rice with soy sauce would be unbearable!
For those who own property, the psychological pressure of switching back to renting is unbearable.
When Huaba opened up the market, it promoted a 1:1 return on property purchases.
Many of them bought the house in one lump sum by taking out loans from banks, using virtual currency to purchase the house at the original price. They thought they wouldn't have the money to get back and would use the money to pay interest, waiting for the year to pass so that the house would become theirs.
If Huaba collapses, not only will the house not be yours, but you will also be burdened with the debt of another house.
Selling the house to pay off the debt doesn't mean you can balance the books.
Because in real estate transactions, Huaba automatically inflates the price by more than 20%, which far exceeds the actual housing price.
Many people who want their own houses collude with businesses, paying more and giving more reports, driving up the price of real estate to more than double.
This price increase only occurs when transactions are made through Huaba; the actual house price remains the same.
A segment of the population will then face double compensation.
If you sell the house at a low price, considering time and interest, the loss will be around half the house price. In other words, even those who aren't greedy face the same loss: losing the house and having to repay 1.5 times the loan amount.
How many families will be torn apart? Capital is truly ruthless! They'd rather watch their own people fall into a trap than let their scheme fail, just to devour Xing Baohua, this tycoon.
The total transaction volume of Huaba has reached around 800 billion yen, which is a huge sum of money.
There's a mole inside Huaba. They've already figured out Huaba's operating model and are just waiting for it to collapse. They have no evidence if it doesn't collapse. And according to the timeline, Huaba normally allocates funds to users in each cycle.
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