The gentlemen sitting here don't care too much about Lynch's business, and the only auction houses that really make money from this are the ones that cater to the upper class.
Ten thousand ordinary people are not as amazing as the profits made by one tycoon. Ordinary people have to think long and hard before they buy something, and as long as the price is a little higher than what they can afford, they will give up immediately.
But the tycoons were different, they only talked about what they liked or didn't like, they never considered the actual value of an auction item, and for the things they liked, there was no upper limit to what most people would say.
The conversation soon returned from the business Lynch or anyone else was running back to the financial markets, with everyone exchanging tidbits of information that might or might not be reliable.
In fact, all of them are unreliable, because those really reliable gossip, will not be circulated, limited to a few people, not like these people far away from the federal financial center can be circulated and exchanged so that the whole world everyone knows.
From another point of view, all this news from their mouths is news they can t ask for themselves, and most of it comes from their stockbrokers, who ... are not all actually good people.
A social card game ended with everyone chatting, Lynch wasn't very lucky, he lost about ten dollars, the others each lost or won, but the numbers were small.
This was a social poker game, not for the purpose of gambling, but just to get to know each other, to improve some understanding, to grasp each other's political positions, business attitudes, and so on, to judge whether they could be good friends.
At the end of the card game, there were two gentlemen walking at the end, they warmly invited Lynch to join the small party they held, are some of the residents in the community, as well as some social friends.
This was the core of the middle class community culture, although it was a community culture that would soon grow cold with the times, after some social changes, major events of the times, people began to refuse to share opportunities.
This may not have been the best of times, but it was certainly not the worst of times.
Watching people walk away, Lynch made a call to a community support services company to come in and clean up his mess ...
For a few days, Lynch had been spending time in various social activities, and he had also begun to pay attention to the financial market up, he found that in the three social activities he attended in the past few days, the core of people's chatting would always be about how much money they had made lying around in the financial market.
If everyone is making money, it means that the risk is getting bigger and bigger, and disaster is coming - the reason is very simple, if someone makes money, someone must lose money, profit cannot be born out of thin air, but it is possible that this kind of loss behavior is not instantaneous, but relatively delayed.
One morning, Lynch was watching television, where the politicians were still trumpeting the amazing results of the state's economic development, as if it were all the result of His Excellency the President and his ilk, when the phone suddenly rang.
Lynch turned down the sound of the television as he picked up the phone, "It's me ...."
Sometimes these celebrity interviews that seemed like irrelevant talk shows revealed details inside that people couldn't notice, like when this politician was talking about his political accomplishments, he said something that interested Lynch.
"Friend Lynch, it's me, Fox, can you come to me? We need to talk!"
The call came a little later than Lynch had expected, he had expected Fox to be in trouble a little earlier, but it wasn't too late now, and he obliged, and after a quick cleanup he was out the door.
He thought about getting a nicer car, a luxury car might make him look more like a successful man, he had met such a guy in his cubicle.
The guy himself could be said to have no money at all, he took the money from the sale of his house and rented a top of the line luxury car, bought a suit, used some gadgets to synthesize himself and some leaders in a photo, and actually managed to scam a considerable amount of money.
What's even more interesting is that the guy got caught because he turned himself in, and if he hadn't, he would have been out of sight for the rest of his life.
People always warn themselves not to become a superficial person who only looks at appearances, but it just so happens that everyone makes the same mistakes over and over again.
When he came to GET NOW Finance Company, the number of people queuing up here was not much less than before, the middle class, including the upper class, were still discussing the dividends brought by financial investment, but they did not notice that the bottom of society had already appeared as a huge problem.
After Lynch came to the office, Mr. Fox greeted him warmly, "Is there anything at noon, if not, how about we have lunch together?"
Only after Lynch had drastically waited for him did Mr. Fox begin to talk about the time he found difficult, "We've always been good friends and worked happily together, so I won't beat around the bush with you, I've run into a problem."
Lynch nodded a little, "I'm listening ..."
"It's like this, with the expiration of the agreement, the power over some of the collateral has shifted, and as you know, these things have become mine, but my problem is that I can't liquidate them very effectively!"
Mr. Fox was still happy when Lynch planned the operation for Mr. Fox to give up the pledges as high interest, it was a big deal and he was sure to make a sure profit, he just hadn't thought it would be so hard to liquidate the stuff.
From a fine set of cutlery to an oven that hadn't even been used, these things were now hard to sell, even if they were brand new and even if they cost half of their original price.
Those who have money don't want to use things that have been used by others, they have an inexplicable birth of cleanliness that is triggered by the fact that they still have some money.
Those who don't have money don't have the money to buy these things even if they wanted to, not to mention the fact that the people Mr. Fox is reaching out to are the ones who give things away for mortgages and loans, and they are even less likely to buy things here.
The stuff is hard to sell and takes up so much space that Mr. Fox has rented more than a dozen warehouses in the suburbs to store it, and he is just miserable.
What's even worse is that he has to pay interest to the bank, loans from the bank also need interest, after Lynch and Joe Gleeman's negotiation, together with the federal government introduced some policies, lowered the interest rate of the loan accordingly, but Mr. Fox still has to pay the interest.
He can not pay back the principal, but the interest can not pay, the money in his hand is quickly snowballing like a balloon, at least from the mortgage agreement, he put the vast majority of the money into the money rolling business, leaving only a few to come to the emergency.
If he ended some of the agreements now, his losses would become very large, especially those compound interest lending relationship, after paying the bank's interest, he could not earn much, so he was reluctant to end these agreements early, and could only bring the "smart Lynch" to discuss, and he also believed that Lynch would have a solution.
After listening to Mr. Fox's claims, Lynch shrugged his shoulders and easily took out a Solid Color from the iron box on his desk, "You can sell these securities, someone will need them.
Mr. Fox didn't say a word and Little Fox, who was standing behind him, continued, "We considered this method, but ...", he shook his head, "the results were very poor, and yesterday we sold less than twenty pieces in one day of things, and they were all cheap little things, this way won't work".
Lynch slowly and methodically cut off the ends of the Solid Color, turned on the blowtorch, and after lighting one end inhaled and exhaled slowly, "Mr. Fox and Mr. Fox Jr. You think it's hard to sell these things because you're not professional enough!"
"I have a very valuable insight called 'Leave the professional to the professional', you're not a professional, you can't do it, but someone else can!"
Mr. Fox's eyes twinkled as he looked over at Lynch, he paused for a few seconds, "So who's the professional, and what do I have to pay?"
Lynch laughed and shook his head, he crossed his legs and flicked the ash from his cigarette, "If you don't mind, Mr. Fox, we can talk about the next step in our cooperation!"
Mr. Fox couldn't help but laugh, "I always feel like I'm being cheated, is that a normal feeling?"
Lynch, on the other hand, replied tactfully, "People have this inauthentic feeling when they are faced with happiness, they don't believe that happiness comes so easily, this fits your current situation.
"You're a talented man, friend Lynch!" Mr. Fox shouted from the bottom of his heart, he had realized that he had fallen into the trap, but he didn't regret it.
Lynch, on the other hand, smiled and replied, "Thanks for the compliment, Mr. Fox!"