How A Ride-Hailing Driver Comes To Dominate The World? [EN]: Chapter 436

While Buffett was still on the plane to Jingcheng, Dragon Country [China], Startup Bank in the US was already making its move.

Roshan Times: Shocking! Startup Bank announces bankruptcy and closure; all depositors’ funds may be unretrievable. After the bank’s bankruptcy liquidation, insured depositors will receive compensation. Uninsured depositors will only receive a maximum of $250,000. Currently, the majority of Startup Bank’s funds come from overseas, with domestic depositors mostly insured. Once federal law allows Startup Bank to go bankrupt, 90% of the funds will be wiped out overnight.

Soon, this news spread throughout the US and then to the rest of the world.

The Dragon Country [China] media also promptly followed up with reports.

Dragon Country Financial News: Shocking! US Startup Bank suddenly announces bankruptcy liquidation, wiping out trillions of funds from overseas. It is rumored that the majority of these funds come from depositors in a certain Asian country. Starlight Investment has once again made the right bet, shorting US banks a week in advance, especially focusing on Startup Bank, Country Wealth Bank, and Signature Bank. Now that Startup Bank has exploded first, it remains to be seen whether the other two banks will follow suit.

Dragon Country Securities News: Shocking! US Startup Bank suddenly announces bankruptcy liquidation, wiping out all funds overnight, with only insured depositors receiving compensation. Just a week ago, Starlight Investment released a report shorting Country Wealth Bank, and specifically shorted Startup Bank, Country Wealth Bank, and Signature Bank. One has to wonder, is Starlight Investment really that amazing, predicting the US banking industry’s collapse in advance!

Major financial, economic, securities trading platforms, and others quickly saw related topics top the trending charts.

Even on comprehensive platforms like Weibo and Douyin [Chinese social media platforms], this topic entered the top ten trending searches.

Netizens left messages expressing their shock.

“Damn! If it weren’t for Starlight Investment shorting US banks, I would definitely think this company had insider information and was involved in insider trading.”

At the old man’s age, the only thing he cares about is whether he can leave a lasting legacy after his death.

“Oh my god, I’m shocked for a hundred years! When Starlight Investment released the report shorting Country Wealth Bank, I even laughed at them. I said Buffett is one of the major shareholders of this bank, how could Starlight Investment successfully short it? Now I know how naive I was; even with Buffett involved, he’s still getting harvested this time.”

Supporters of Starlight Investment and those who fawn over foreign countries started arguing in the comments section.

Sure enough, all sorts of idiotic comments appeared in the comments section of related topics.

Yang Chen laughed and said, “President Ma, you don’t know, I initially agreed with Buffett to short Jinbai Oil and Gas Company together, and after it was done, I would buy his shares at a 20% premium. But when I went to buy those shares from him, he went back on his word and wouldn’t sell them to me. Originally, I didn’t plan to short Country Wealth Bank; any bank would have been fine. But he was the first to be dishonorable, so I can’t indulge him. No matter who comes to mediate, I’m determined to harvest him this time. I don’t even want his 10% stake; I’ll issue more shares to dilute his stake, and I’ll trap the funds he invested in Jinbai Oil and Gas Company.

People can’t be too perfect in life, otherwise there will be regrets. I’ll just do a good deed and help him make his life more complete.”

Thirdly, Starlight Investment shorted a total of three banks: Startup Bank, Country Wealth Bank, and Signature Bank. Now that Startup Bank has collapsed and Country Wealth Bank’s depositors’ funds have been wiped out, if Signature Bank also explodes, then it can be announced that Starlight Investment will officially become a legend.

Da Ma Ge [Big Brother Ma, a respectful term] understood Buffett’s intention in doing this: spending money to protect his reputation.

Yang Chen: “Thanks for the reminder. I know what I’m doing and how to do it.”

Da Ma Ge: “Sorry, Mr. Buffett, I couldn’t persuade President Yang to meet with you. He asked me to tell you that he’s targeting you this time. You and Berkshire should withdraw from the stage of history; he wants to step on you to rise to the top. He even said such things; it seems no one can change his mind. You should give up the idea of seeing him and quickly think of other ways to deal with it. You and I are both friends, so naturally I don’t want to see you end up like this at this age. If you have any other needs, contact me at any time; I will do my best to help you. Good luck; I hope you can get through this difficult time.”

“So, Startup Bank won’t be the only bank harmed by the Federal Reserve’s money printing and interest rate hikes. The extent of the impact and whether it will repeat the global financial crisis caused by Lehman Brothers’ collapse in 2008 will depend on whether other banks can stabilize.”

So, Jin Ming used Starlight Investment’s official Weibo [Chinese social media platform] to post a status update.

Buffett’s mentality completely collapsed, and he suddenly felt a sharp pain in his chest. He quickly covered his heart, lay down on the bed, closed his eyes, and tried to calm down.

At 8:00 PM Dragon Country [China] Jingcheng [Beijing] time, another explosive piece of news came from the US banking industry: the deposits of the fourth largest bank, Country Wealth Bank, disappeared; the balance in the accounts was 0, and it was impossible to withdraw money.

“Winning early doesn’t count as winning; winning in the end is what counts. And you’re still talking about counter-harvesting; I can’t believe you even said it.”

Yang Chen knew that Buffett’s flight had arrived, and the old man must be very anxious to see him now.

At his age, no matter how much he spends, he can’t possibly spend all of his $100 billion+ fortune. He can’t take it with him when he dies, so why not spend some money to maintain his reputation?

Da Ma Ge: “Alright! I’ll ask for you. But I can’t guarantee that I can persuade President Yang to show mercy, so be prepared.”

At this time, Da Ma Ge sent him a text message.

The impact of this news was even greater than the collapse of Startup Bank.

…

This Weibo [Chinese social media platform] status update quickly sparked heated discussions.

Da Ma Ge: “President Yang has such great ambitions; I’m really very happy and admire him very much. When I was young, I also had the ambition to conquer the world like President Yang. Unfortunately, my personal abilities are limited, and I couldn’t fulfill this wish. Now I’m very happy to see President Yang continue my dream. I know what you mean, and I’ll pass your message to Buffett now. In terms of ability, I’m definitely not as good as you. However, I have more experience, so I still have to remind you that sometimes some people are unreasonable, and you should still be low-key when you need to be. That’s all I can say,

you should think about it carefully.”

However, arguing online is ultimately meaningless, and you still have to use practical actions to prove who is stronger.

This news came out, and the situation instantly reversed.

“Still being stubborn; let’s see how you end up in the end, how miserable the ending will be!”

Buffett frowned and could only continue to call Yang Chen.

Buffett: “Sigh… Okay, call him again and say that I’m willing to transfer my shares in Jinbai Oil and Gas Company to him at a low price. But we need to discuss some details in person. Jack, please, help me call and ask again.”

…

Firstly, Country Wealth Bank is the fourth largest bank in the US, similar in nature to the four major banks in Dragon Country [China]. Such a bank experiencing this situation indicates that the US banking industry is nearing collapse.

Buffett: “Jack, I’m in Jingcheng [Beijing], Dragon Country [China] now, and I want to meet with Mr. Yang Chen, but he keeps rejecting my calls and refuses to see me. Can you help me contact him and ask him to meet with me no matter what? Please.”

…

“Laughing, you think a private investment company can harvest the entire banking industry? Why don’t you just go to heaven? I feel like it would be easier to fly to Mars with your bare hands than to successfully harvest the US banking industry.”

For example, the financial blogger “Financial Little Maruko,” who has nearly four million followers, released a video before other bloggers.

Of course, with these idiotic comments, there were naturally some controversial comments refuting them.

A big, fat tragedy!

Da Ma Ge told Yang Chen what Buffett meant and analyzed the benefits of getting that 10% stake.

“Damn! It’s like Starlight Investment losing would benefit you. If your IP and the language you use didn’t remind me that you’re a Dragon Country [Chinese] person, I would really suspect you’re a foreigner.”

“Great! Our Dragon Country [China] has finally produced a company with the ability and courage to harvest the wealth of the world. In the past, we were always the ones being harvested, including this time with the collapse of Startup Bank, where a large group of Dragon Country [Chinese] tycoons’ money was harvested. Now Starlight Investment can help us get revenge, fiercely harvesting the wealth of other countries; don’t show any mercy, harvest as ruthlessly as possible.”

Da Ma Ge: “Haha… Okay. I’ll pass your words to Buffett now.”

“Not long ago, Starlight Investment joined forces with Buffett to harvest the global oil market, and even took control of Jinbai Oil and Gas Company. But then Starlight Investment shorted Country Wealth Bank, which Buffett has held shares in for 30 years. What kind of operation is this? They were fighting side by side not long ago, and now they’re at odds. Could it be that they split the money unevenly, leading to a split in the alliance, and Starlight Investment is teaching Buffett a lesson?”

After all, she is a big blogger with nearly 4 million followers, and she was the first blogger to release a related video, so this video gained a lot of traffic.

Now it’s over, Da Ma Ge also rejected his call.

He didn’t stop at all and called Yang Chen directly.

“I’ve never admired anyone, but now I admire the boss of Starlight Investment; his methods are really awesome! He cooperated with Buffett to harvest the global oil market, and then he started harvesting Buffett. I guess the old man still can’t believe that he would be harvested by Starlight Investment.”

When the US stock market opened, bank stocks collectively rose sharply.

“Oh, it’s Starlight Investment’s accurate prediction, then it’s okay; it’s normal for them to predict correctly.”

However, reality is always so disappointing.

Before Buffett could see Yang Chen, something even more serious happened.

Hanging up the phone, Da Ma Ge didn’t reply to Buffett at all.

He never dreamed that he would have such a day with his current status.

At this time, not only were the depositors of US banks happy, but even some Dragon Country [Chinese] people who fawn over foreign countries were collectively celebrating.

If the bad situation continues to develop like this, a new round of financial crisis will be inevitable.

However, Buffett was dishonorable first, and now he can’t see Yang Chen just because he wants to.

After reading the message, Buffett knew that Da Ma Ge knew about his breach of trust.

“Those of you who have played stocks know that you have to run quickly when it rises at this time. There’s only one chance; if you miss this chance, you won’t have another chance to run, and you’ll experience

the feeling of being fully invested in Dragon Country [Chinese] oil at a high price. Investing is like being a person and doing things; only those who laugh last are the winners. And we are ready to laugh last. What about you?”

Secondly, first Startup Bank collapsed, and then Country Wealth Bank’s depositors’ funds were wiped out, which means that the domino effect may really have occurred, and it depends on which bank will explode next.

Yang Chen continued to reject the calls, deliberately ignoring him.

Da Ma Ge: “Mr. Buffett, I know very well what you want. To be honest, it’s useless for you to see him; he can’t possibly give up such a good opportunity. When you’re making money, will you be soft-hearted and not make this money because others are losing money?”

Buffett: “You’re right, I understand what you mean very well. So, I don’t intend to let Mr. Yang not make this money. You tell him that I will transfer the money he’s going to make this time to him privately, but he can’t nominally harvest Country Wealth Bank. Do you think that’s okay?”

Da Ma Ge agreed and called Yang Chen again after hanging up.

Da Ma Ge: “Hello, Mr. Buffett, what’s the matter?”

After Yang Chen knew the intention of Da Ma Ge’s call, he replied very clearly: “Impossible. Do I care about that little money? I want to step on him to rise to the top, and from now on, people all over the world will regard Starlight Investment as the god of investment, and Buffett and his Berkshire must withdraw from the stage of history.”

Not only did her fans leave comments, but even passersby couldn’t help but come in and express their opinions.

Especially the stock prices of the three banks shorted by Starlight Investment rose sharply, sweeping away the previous haze.

Da Ma Ge: “So there was such a hidden story. Then he really deserves to be harvested; he doesn’t even have the most basic credibility. Okay, I won’t help him pass on the message; you harvest him hard.”

Buffett almost answered the phone in a second, and asked nervously and anxiously: “Jack, how is it, what did Mr. Yang say?”

Hanging up the phone, Big Brother Ma quickly called Buffett back.

“Haha… Some people’s performance a few days ago was really hilarious; how could such a powerful country let the banking industry collapse and not care? They’re just letting you clowns perform; do you really think Starlight Investment can successfully harvest them?”

…

Buffett arrived at the hotel and waited another hour without receiving a reply from Da Ma Ge, so he had to take the initiative to call Da Ma Ge again.

“What the hell is this Ma Jack doing? Whether he can persuade Yang Chen or not, he should give me a reply, right? Doesn’t he have the most basic manners?” Buffett said angrily.

“Startup Bank has gone bankrupt! The US is experiencing another financial storm in 2008, shocking the world! Early this morning, the sixteenth largest bank in the US, Startup Bank, announced its bankruptcy, and the US Treasury Secretary said it was closely monitoring the situation. The collapse of one bank may not be a big problem, but the problem is that many US banks have the same problems as Startup Bank. Could this be the first domino to fall? So, why did Startup Bank collapse?”

“Mr. Buffett, I’m very disappointed in you. You have always been a highly respected investor in my heart, but I didn’t expect you to not even have the most basic credibility. You have seriously hurt my feelings for you; I am very angry now and don’t want to talk to you. Yang Chen said that no one’s pleading will work, so you should give up on this idea.”

“Everyone, there’s no need to argue so much; let’s wait for the results to come out.”

…

Want to turn the tables with a statement?

Brother Chen doesn’t agree!

It seems like there’s a free chapter today; everyone hurry up and read it.