Chereads / Rebirth of the American Tyrant / Chapter 58 - Chapter 58

Chapter 58 - Chapter 58

In October, the Hunt family found themselves in a tumultuous situation, and the additional injections of capital clearly couldn't explain the unusual market dynamics. This was a result of Hongguo's control over the market.

Even the Hunts were feeling the pressure. With silver prices nearing twenty dollars, there were numerous profit-taking orders in the market. Although the retreat was skillfully concealed, it was undeniably steadfast.

They were currently riding a tiger; while silver appeared lively, many followers were hesitant to participate, and futures brokers were cautious about this target.

Some individuals seemed to take certain things for granted. Investment could indeed be a solitary venture, but with a hundred times leverage, who would dare invest? Decades of financial scams had made fools few and far between.

This was the current state of affairs on Wall Street. The market was filled with fraudsters, and there were simply not enough naïve investors left.

With such obvious market manipulation, there might be a few who profited from a single bet, but institutional investors steered clear. The Hunts' audacity in the market was astonishing.

The Hunts were now somewhat bewildered. The reduction in their long positions wasn't coming from wealthy locals as they had initially thought.

William White wasn't concerned at this point. Even if the Hunts found out, he only held up to 40% of the position, and the purchase price was quite low.

He anticipated the reactions of the old Hunts. He wondered if they would be left fuming.

The Hunts were in a bind now. To further drive up the price of silver, they needed support from the banks. The interest rates of these banks were exorbitant. Without suitable collateral, obtaining loans was impossible.

Even the settlement banks of the futures companies were getting jittery. They understood the situation perfectly well. If one thing went awry, they'd all be buried.

The capital injection from the local desert tycoons had given them some confidence. In any case, riding a tiger was tricky, and they had no choice but to continue supporting it.

This group was curious about who held the long positions. Although the reduction was slow, the actions of these individuals were unwavering and unaffected by external factors.

Once they calculated the cost of holding these positions, they breathed a sigh of relief. They couldn't fathom how many contracts this person held, but even a single contract could yield tens of thousands of dollars.

A group of individuals looked on in envy and jealousy, feeling utterly defeated. They were completely baffled and resentful.

Uncovering the identities of these investors proved challenging. Their accounts were scattered, and their trading companies used pseudonyms.

Moreover, these individuals weren't easy to trifle with, and two banks had already received severe warnings.

The financial industry was relatively small, and it was evident that this was a targeted threat. Although the initial impression might be of pranksters, the high level of professionalism suggested otherwise.

Their homes had no losses among valuable items, which left investigators puzzled. What kind of miscreants possessed such skill and professionalism?

These actions were, in fact, a message from Hongguo, delivered without any attempt at concealment.

While banking could occasionally antagonize others, it would never reach such levels of threat.

Thinking about their recent silver trading, the Hunt family was becoming increasingly irritated. If there were any more incidents, they would not hesitate to deliver another warning. The specifics of what those consequences might entail left them shuddering.

The wealthy usually held their lives in high regard, and they refrained from causing trouble unless there was a corresponding benefit. The other party's actions were clearly unreasonable.

This blatant intimidation had reached a level of exasperation, and if there were still individuals ignorant of their own mortality, William White didn't mind ensuring they faced some unfortunate incidents.

A family that had endured for centuries was not to be underestimated. The Hunts weren't entirely innocent themselves, and in a scenario involving similar powers, it was unwise to make covert moves. No one wanted to bear the unexpected consequences, and a significant number of actors could be involved.

"Forbes, our family's security needs further enhancement, and money is no longer an issue. We need to expand," William White stated seriously. He hadn't anticipated that such a meticulous operation would attract attention.

"Very well, Master. In the process of hiring more security personnel this time, we've gathered individuals with significant capabilities," Forbes replied. Of course, Forbes faced difficulties, as the opposition was a powerful group.

"Fubo, you should also undergo training. Use our connections with the Celestial Dynasty to find some skilled special forces soldiers to bring back. Additionally, find individuals with strong backgrounds, and we'll provide training ourselves."

"Understood, Master. The Chinese presence is quite noticeable, but in certain situations, having individuals with European and American appearances would be more convenient."

William White noticed Forbes' expression and couldn't help but feel exasperated. Despite the lofty rhetoric of the United States, discrimination still persisted.

"In that case, Forbes, we'll go to Kulka to find some recruits, and we'll arrange for their families to stay on the farm. That way, there won't be any concerns."

Many major American families had security forces, particularly in Texas. The more timid groups had long been absorbed by farms and industries.

Texas residents typically had a strong sense of toughness. The state experienced some of the most extreme weather conditions in the United States, and everything depicted in Western movies could be found there.

William White was continuing to accumulate his position, selling silver futures daily. With the moths driven out of the financial market, other banks were hesitant to act. Their public warnings to the two banks were actually a signal. To avoid escalating the situation further, it was best for everyone to be cooperative.

The Hunts' reputation wasn't great either. A government-level inquiry would confirm this. However, at this stage, the Hunts had no options left. If they wished to avoid losing everything, they needed to continue pushing up the price of silver.

Their final card was the government. In the event of a silver crash, at least a dozen banks would go bankrupt. No one wanted to shoulder that blame. If all else failed, they'd shift the blame to the Fed. They dared not allow the financial system to collapse.

As the situation unfolded, William White continued to monitor the market and sell silver futures.