"Sir, I'm willing to do this, but will Barak spit out the fat meat that's already in his mouth?" Mondrick asked worriedly.
"Don't worry. Talk to him. He'll agree!" Jiang Fei laughed.
"Thank you, sir!" After Mondrick left Jiang Fei's place, he immediately went to look for Barak.
After meeting Barak, Mondrick explained the situation to him. Barak only hesitated for a moment before he nodded and agreed.
Although it seemed like he was going to spit out a lot of profits, Barak was actually not at a loss. This was because the thirty billion contract was not cash. It was a ten-year insurance policy. In other words, the annual insurance premium was only three billion. However, he could bear the risk of four and a half billion at any time.
Now that Barak had sold 20 billion worth of insurance policies, he could get rid of the risk of 3 billion worth of compensation, and he could immediately cash out 5 billion. This 5 billion was real cash, and he could use the money for other investments. Although he might lose some profits, he could get a lower risk in return, and he could also get a huge amount of liquidity.
More importantly, Mondrick had stated from the beginning that this was Ralph's idea. This was also one of the important factors that influenced Barak's decision.
One should know that Jiang Fei was now the policy planner of the entire Gamma Realm. The reason why Barak could get such a large insurance policy was because Jiang Fei was the middleman. Therefore, he did not dare to disrespect Jiang Fei. Moreover, Jiang Fei had already left him enough profits. So, Barak had no reason to refuse.
So, on the same day, Mondrick signed an agreement with Barak and bought the twenty billion insurance policy under his name. He also paid Barak a large sum of money for it.
It was almost impossible to keep such a big financial move a secret. So, the news spread quickly. In the next few days, all the consortiums in the Gamma Realm, big and small, started to take action. They all approached Barak and Mondrick, hoping to get some insurance policies from them. After all, insurance policies were very profitable.
Previously, these consortiums did not make any moves mainly because they did not know Jiang Fei's attitude. They thought that Jiang Fei was deliberately supporting Barak. So, no one dared to have any improper thoughts. Moreover, these consortiums were not as rich as Barak or Mondrick. So, they could not buy such a big deal.
However, now that the precedent had been set, everyone saw hope. They knew that Jiang Fei allowed this kind of insurance policy to be traded twice. Moreover, this insurance policy could also be split. As such, the other consortiums began to take action.
Under the persuasion of these consortiums, Mondrick soon began to sell the insurance policies in his hands. His thinking was similar to Barak's. Since someone was willing to bear the risk, and they could get cash immediately, what was the difference between that and making a fortune overnight?
Therefore, the two of them sold the insurance policies in their hands and obtained a large amount of cash.
After Barak and Mondoric's insurance policies were sold out, smaller consortiums and companies had their eyes on the larger consortiums that had obtained insurance policies from Barak and Mondoric. In order to pass on the risk and obtain cash, those larger consortiums quickly split up and sold their insurance policies.
In just a week, these insurance policies had changed hands at least four to five times. Although the profit of the insurance policies would decrease after each change, many people were still willing to take over the insurance policies since they were still profitable.
Moreover, when the risk was calculated, it was estimated at a higher value of 5%. In reality, the risk of overdue was not that high. Therefore, even though these insurance policies were already in a state of zero profit on paper, there were still people willing to take over.
The reason was simple. The current economic situation was too good. The price of the Moon Crystal Art was rising rapidly. Everyone was fighting to buy the art and its futures. Most of these people had taken loans from the bank. However, some of them took mortgages, while others took credit loans.
But no matter what method they used to get a loan, with the prices of the Moon Crystal Art and the futures orders rising like crazy, all the lenders didn't have to worry about not being able to repay the loan. That was because as long as they sold their Moon Crystal Art or futures orders, they would be able to make a lot of money. Compared to that, the interest from the bank was nothing.
Under such circumstances, the default rate of the bank loans was almost zero. As everyone was making money, they had no problem repaying the loans. This way, the businessmen who held the insurance policies were basically getting the insurance premiums for free. They did not have to bear the risk at all. Therefore, as long as they could get the insurance policies, they would be willing to try.
Time flew. In the blink of an eye, another week had passed. At this time, Jiang Fei could feel that the number of workers at his construction site was decreasing rapidly. This was because everyone felt that taking loans to invest in the Moon Crystal Art was much faster than working hard. It was also much easier.
Since there was an easy and fast way to make money, who would be willing to work at the construction site?
It had only been a little more than two weeks since Jiang Fei suggested the idea of opening up credit loans to the bankers. However, Jiang Fei's construction site had lost 70% of his workers!
Looking at the data, a smile appeared on Jiang Fei's face.
"It's finally about time!" Jiang Fei nodded in satisfaction. Then, regardless of whether it was time to get off work or not, he left the city hall and returned to his home.
"Eh? You're back so early today? "Lina had not made dinner yet.
"Let's go out for dinner tonight." Jiang Fei smiled.
"Why do you suddenly want to go out for dinner?" Lina asked.
"If we don't go out for dinner now, we won't have the chance in the future." Jiang Fei smiled.
"What do you mean?" Lina asked.
"Do you want revenge?" Jiang Fei asked.
"Huh?" Lina was stunned.
"You should be able to guess what I'm thinking. I'm going to make a move," Jiang Fei said.
"Now?" Lina was very confused. According to the content that Jiang Fei had taught her during this period of time, if one wanted to rebel, shouldn't the success rate be highest when society was in turmoil? Now that the entire Gamma Dimension was thriving, the whole society was full of passion. Would the people support a rebellion at this time?
"Let's go! Let's go eat! "Jiang Fei smiled.
"Oh! I'll go change my clothes. "Lina nodded blankly. She felt that she could not understand the man in front of her.
About 20 minutes later, Lina came downstairs in a splendid dress. It could be seen that not only did she choose a very beautiful dress, but she also put on makeup meticulously.
(End of Chapter)
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