Chereads / The Wealth Code / Chapter 112 - 0112 Taking a step back is not a compromise

Chapter 112 - 0112 Taking a step back is not a compromise

  Lynch already had a plan in mind to take a large area of vacant land in the southeast of Sabine, Ferrell did not persuade him any further, he knew very well that Lynch looked young, but in fact, he was a very opinionated young man.

  Such a person, you mention the suggestion once is enough, mentioning more the other party will feel that you may not be well-intentioned, coupled with the fact that Lynch's city is so deep, Ferrell didn't bring up these things again, instead he chatted with Lynch about some other things.

  This kind of chat is to have someone to start a head, and then start "talking about the world", talking about what place is what place.

  Lynch started, he talked about the newspaper said the three major banks trading mat thing, Ferrell also read the newspaper in the morning, also can not help but sigh the capital side of the situation.

  "Now the financial transactions unprecedented prosperity, a lot of money that should have flowed to other places, are flowing into the financial transactions, especially last year and the beginning of this year the six major banks have repeatedly lowered interest rates, and even a lot of ordinary people's savings, are flowing into the stock futures trading ... "

  The stagnation of economic development or even recession is not something that can be apparent in a short period of time, there is a process, from a few years ago the pace of development of society began to plateau, and then began to slow down, until now some small places began to see a wave of closures.

  This has an obvious process, in this process to the Conservative Party as the core of the Presidential Cabinet has also formulated some remedial plans, their approach is also very simple, so that the bank to reduce the interest rate on savings, so that more money into the community, by stimulating the consumption of the way to re-activate the overall economic development of the community.

  But the effect ... can't be said to be bad, the bank interest rate drop will make ordinary people think that there is no value in continuing to deposit money in the bank, coupled with some serious financial companies to loot the society's wandering funds, these should have been used for all kinds of basic consumption used to activate the engine of the society's economic development of the money, all of them flowed into the financial market.

  Together with the miracles and myths that keep coming out of the financial market, more and more people are looking for investment brokers to put their money into the securities market.

  It must be said that some did make money, or in front of such a current not replicable a kind of distortion of the times dividend, any participant can make money, as long as it is not the kind of particularly unlucky.

  Even the "small yellow list"① can make people earn a lot, the miracle of the civilians also let more civilians began to pay attention to this place, and join them.

  The more macro-control, the more distorted the economy of the Federation, so far the Presidential Cabinet has no better way to turn the current situation around, they only hope to be able to maintain the situation, and the President's term of office will not be a huge trouble.

  "His Excellency the Mayor's recent work is actually related to this aspect of things, the unemployment rate in Sabine is getting higher and higher, with five more factories declaring bankruptcy in the last week, our unemployment rate has already exceeded fifteen percent, which is a very dangerous number!"

  Ferrell's face took on more of a grim expression, fifteen percent unemployment meant that out of Sabine's population of 800,000, aside from retired seniors and children still in school, around 60,000 out of around 400,000 or so were out of work.

  These 60,000 people will radiate out to at least one family and as many as three families that have problems making ends meet, in other words, the entire Sabine City is currently plagued by unemployment problems may be around 200,000 people, or even a little more.

  And that number is rising, with Ferrell and the mayor's staff believing that Sabine's unemployment rate could exceed twenty percent by the end of the year.

  One might think that a twenty percent unemployment rate would mean there's still eighty percent employment, but in fact the numbers aren't simply what they appear to be.

  They center around a core of jobs in Sabine, and when those jobs that are available are filled, those that are left can't find a job, don't have a chance at all.

  And that number of jobs that allow people to work and get paid is shrinking with the wave of closures.

  So when Lynch suggested that he could come up with even just five hundred jobs, the mayor was all for his plan.

  At a time when such drastic changes were imminent, nothing could be a more reassuring guarantee than a job that would ensure that a family would not starve to death.

  Through his chat with Ferrell Lynch actually sensed something else, that Ferrell, including the Mayor and even the Progressive Party, were well aware of the problems facing the Commonwealth right now, and that they were well aware of the changes that were taking place in this country.

  That also gave Lynch some curiosity, "Don't you have any ways to deal with that, I mean at a higher level?"

  In fact, even at this point today, there are some things that even if they can't be undone, there are still ways to go about minimizing some of the losses, but he hadn't seen anything like that happen.

  In the newspapers, on TV, those politicians were still trumpeting that the Baylor Federation's era of dividends was far from over, as if they couldn't see the despair for the future on the faces of the unemployed people standing by the side of the road waiting for a job.

  They are still trumpeting that it is a wonderful time, and those big gold-toothed posters on the side of the road are alive and well as the most ironic phenomenon under the farce of the times.

  No one pressed the pause button and watched the train that was the Baylor Federation rush into the abyss!

  Ferrell grinned, "You know, the ruling party is now the Conservatives ..."

  This one sentence was enough to illustrate a lot of substantial things, Ferrell hadn't expected Lynch to be able to understand it, but Lynch nodded with a grave expression on his face, which instead made Ferrell have a deeper understanding of Lynch.

  "Not only does he have a strong talent in business, he also has a deep understanding of political issues!" , Ferrell uttered such a sentence when he was being interviewed much later, and the idea behind this sentence was born today.

  Lynch's lips opened and closed slightly, "Political dumping, I thought our country was not like those other countries."

  Ferrell had a catch of not knowing how to take this, and in the end could only say helplessly, "Everyone is actually the same."

  The Progressive Party obviously had some ideas that were different from those of the current ruling party, but the ruling party would not agree to the measures proposed by the Progressive Party, and if they succeeded, it would only show the foolishness of the Conservative Party, who had proved that the Progressive Party was right, and smarter than they were, and in doing so, they would lose their own voters.

  If these measures fail, it will likewise make the people think that the top of the Conservative Party are stupid, that they can't actually see if some of the measures are effective before they go ahead with them, and it will make them feel that they are as stupid as pigs, and they will still lose their own voters.

  If they lose a little today, a little tomorrow, they will end up losing all of them.

  So no matter how good or bad it is, it will eventually lose its face. In order to ensure the correctness and face of the party, the Conservative Party has successively rejected the "views" put forward by the Progressive Party in both Houses, considering these "views" to be immature.

  At the same time, they advocated that the Conservative Party had made the Baylor Federation rich and strong, and if they suddenly announced that the country might have to face some huge crises, it would be like a slap in the face, which would not only hurt, but would also be loud and more humiliating.

  Party rivalry was indeed very scary at times, Ferrell pondered in his mind for a moment before revealing another piece of news, "The Conservative Party intends to give in when the general election is changed, they intend to concede this opportunity."

  The problem has gotten so bad that the Conservatives have already done one re-election and they will give up this campaign in exchange for not making a mistake.

  If the Union really collapsed during the term, it was likely that the President's cabinet, including the President himself, would have to face resignation or impeachment, and the party's ability would be even more questioned by the people who had lost their jobs due to the loss of their jobs, and the people wouldn't be so easily convinced of the party's ability to lead people out of their predicament anymore, and instead they would start to be nostalgic for the Conservative Party that had brought everyone to prosperity and wealth.

  Once things do come to this, it is possible that the Progressive Party Presidential Cabinet that just came to power will face impeachment, and then the people will petition for the Conservative Party to come back to power again in a time of crisis.

  This time, it wouldn't matter if they didn't do a good job, because there was an even dumber party in front of them that existed, so it wasn't hard to understand the Conservative Party's backing down, and backing down as a way of attacking was indeed quite a headache at times.

  Speaking of which both men sighed, Ferrell was worried about the future situation of the Progressive Party, while Lynch ... let out a happy sigh for his upcoming busy schedule.

  The plan was that Mr. Mayor should be back by noon, but apparently he was delayed, Lynch and Ferrell hadn't waited for news after a quick lunch outside the city hall, Lynch directly entrusted Ferrell to talk to the mayor about the land, and headed to Sabine's car sales center himself.

  He needed a car now, and sometimes he could rent one from the community service company where he lived, or he could borrow one from someone else, but that was a little less convenient after all.

  He knew exactly how he felt when he was borrowed by other people, so he was going to buy a car.

  The car sales center in Sabine wasn't like the "Auto City" in the other world, where every car brand had its own specialized store, there were only two sales centers here, one selling engineering vehicles and the other selling civilian vehicles.

  Just entering the huge sales center, Lynch actually felt a hint of coolness in this summer, there were not many people in the empty sales center, a gust of cool wind blew from one end to the other, there was a kind of deserted feeling.

  His footsteps startled the sales manager who was dozing off, and soon a lady who looked to be twenty-seven or twenty-eight years old greeted him, "Sir, do you want to buy a car?"

  ①Small yellow single: small yellow single is issued by unlisted companies (individuals or organizations) is a similar and has the significance of the stock "crowdfunding single", which will be published weekly in the "Trading News" supplement, the issuer does not test the qualifications and funds, only by the three major banks special department to review the project is legitimate. The yellow color, which represents danger, is used to print the list price of such transactions, and is therefore known as the "little yellow list". (Similar to the "stock certificates" marketed by the protagonist at the beginning of his career in "The Wolf of Wall Street.")