"When the president knew about this, he called me anxiously to comfort me. At the same time, he hoped that we could handle this issue as soon as possible, give the market, give depositors an explanation, and strive to maintain market stability. I thank the President for his concern and promised him that the United Group would be responsible for the end!" Contini smiled coldly, "Tonight, the United Group held an emergency press conference. If I need any further questions to be clarified, I can ask questions at that time. Now I will go to the bank to investigate and survey the problem immediately to see how serious the problem is, and prepare for the evening reception, so I can only lose my companion."

Everyone stood up and applauded, and then saw Contini off. Although it seemed rude to leave the important guests early, no one cared about these people and didn't let others leave first? You didn't see that the president would call the scene on his own initiative. If there was no shocking event, would the president do this?

Hoover never dreamed that in order to express his attention and concern, the phone number spread quickly, which in turn proves the seriousness of the situation. But can he accuse Contini of something? No! Because he called the phone himself and pulled the president out of the venue, there is naturally a statement. As for the content of the phone number Contini said in a few words, it was not actually fabricated or exaggerated, but after the speech "Doom", such a phone call was suddenly inserted, which was completely different to the public opinion and the audience's perception.

Enzo drove Contini back slowly, and the co-pilot was still in the passenger seat. The boy Aquilani's wonderful performance today was worthy of his salary. Even Enzo, who witnessed him, had to give him a hundred praises! No wonder he was able to stand out from the president's office, which was very expert, as an administrative secretary. It would be really impossible to have no level.

Of course, the president's performance also has to be given a full score, especially the domineering spirit of throwing the cup on the ground in the end of the speech! The ceramic cup that doesn't even cost just $1 was shocked directly by the audience. It was considered to be a death--the politics was too complicated. I'd better take security.

After Contini left, there was a lot of discussion in the venue, and then new news came. In the 20th minute of the trading day, the Dow Jones Index fell 1 point directly. It was not that individual stocks fell a little, but that the entire market was suppressed. The trading volume was said to have rapidly expanded. The trading volume in the last 20 minutes reached 1.4 million shares, more than 5 times that of usual. Everyone couldn't understand what was going on. Only the time-sharing line that was originally very stable on the stock price chart was directly smashed into a pit at the end of the trading day, and the closing price closed at the lowest point of the day.

In the evening, Hoover received a notice and Contini said something at the meeting. He heard that there was nothing different from Contini's statement on the phone, so he felt relieved. He was waiting for the press conference tonight. As long as he showed a responsible attitude, he believed that this matter would not be difficult to suppress. As long as he suppressed it, big things would be turned into small things. The worst thing would be that the Federal Reserve and the United Group would each play 50 major boards. Anyway, he often did such things.

That night, United Bank held a special press conference. Because there were too many people, they finally booked a nearby theater. Countless reporters flocked to the scene. They heard the judgment of "destruction", heard the rumors about "United Bank's extremely risky", and witnessed the sudden tide of selling and flash drops in the last 20 minutes today. They also heard the rumors that the president called the president and finally received strict security checks before entering the venue. The security guards in black uniforms and expressionless faces brought an X-ray machine to ask all reporters to send their belongings for inspection. Then the venue was full of security guards with guns, which could be called five steps and ten steps. The security was much stricter than the president's patrol.

"Before the press conference today, the situation will be reported by United Group spokesperson Alessandro..."

"...Dear ladies and gentlemen, friends who have always cared for and supported the development of United Group and United Bank, good evening, first, allow me to state the relevant situation and indicate the position of our group, and then enter the free questioning time, and the President, President Francisco and other professionals answer the questions raised by you..."

"On August 28, the Federal Reserve asked United Bank about the gold exchanged in the previous year with the official letter of inquiry. After investigation and statistics, the Group submitted a reply letter on September 1: Since last year, more than 800 million US dollars worth of gold have been exchanged through United Bank channels, and together with the previous partial reserves, the overall conversion of nearly 1,400 tons, of which more than 400 tons were exchanged on behalf of customers, and United Bank itself increased its reserves by nearly 1,000 tons... As we all know, the gold standard includes

The monetary base of European and American countries, including the United States, is used to support currency issuance. Due to the rapid development of Italy's economy in recent years, the level of lira issuance has been rising steadily. In order to better stabilize the price level and prevent excessive issuance of currency, United Bank, as the largest bank in Italy, has the responsibility to express stability in this regard. This is the motivation for United Bank to exchange gold and transport it back to Italy. Moreover, United Bank is a bank with its headquarters in Italy, so this batch of gold was shipped back one after another during the above period.

All exchange, reporting and detention procedures are complete and comply with relevant US laws and regulations. However, the Federal Reserve forcibly requested the joint bank to transport it back on the grounds of gold outflows and interfered with normal enterprise operations with crude power. The bank has clearly rejected this unreasonable request from the perspective of ensuring bank independence, protecting the interests of depositors and investors, and safeguarding the democratic and liberal system of the United States."

Everyone was shocked. 1,400 tons of gold were transported from the United States? Everyone felt that it was a bit strange, but they couldn't say that this was their right.

"The Federal Reserve is very dissatisfied with this reply, believing that United Bank does not respect the Fed, and decided to carry out the second round of retaliation. Five days later, the inspection team was sent to United Bank to inspect various accounts and books... After 5 days of inspection, the Federal Reserve put the United Bank as deliberately withdrawing funds and asked United Bank to forcibly confiscate the loans issued to the outside world and withdraw them back to the United States... In addition, the Federal Reserve failed to find other problems and ended the relevant random inspection this afternoon. During the inspection, United Bank cooperated with all its strength and concealed them without any trace of it or

Deception has fulfilled the obligation of perseverance and law-abiding, but we cannot recognize the interference of the Federal Reserve. This unreasonable requirement that the funds that are forced to be absorbed in the United States must be put into the U.S. market also violates the nature of the liberal system. If every country emphasizes that funds must be used in its own country, how can capital flow freely? If capital must be used in its own country, then do commodities also have to be used in its own country? Are stocks also required to be issued in its own market? If all of them have to emphasize their own country, why should the United Group buy American products?”

Alessandro criticized indignantly: "The Federal Reserve uses the pretext of protecting the national interests of the United States and protecting the interests of American investors and depositors to make trouble for the independent operation of enterprises. It is essentially a rough interference relying on power. United Group will not accept such unreasonable demands. Faced with the reply from the Group, the Federal Reserve was so angry that it drafted a statement that the statement has not been officially released, but the content has been learned through friends in the press. The general idea is:... If United Bank does not submit, the Federal Reserve will issue an open market risk warning, requiring each depositor and institution to protect its interests is essentially guiding a run, artificially creating a crisis, and trying to force United Group to bow its head with public opinion pressure.

The essence of the reason is not that United Bank violated this or that norm in its operations. In essence, a small group of Federal Reserve officials refused to accept the good criticism of the President, refused to admit their mistakes in work, refused to reflect on their arrogance in policy making, and only knew to use power to trample on the market, kill freedom of speech, kill freedom of business, and be enemies of law-abiding entrepreneurs. This is what we firmly oppose."

Alessandro's speech was like a bombshell thrown into the crowd: have seen companies that challenge the president, and have never seen banks that challenge the Fed. Are they impatient?

A reporter from the audience curled his lips: "It is not the first time that United Bank has slapped the Fed in the face. Last time the Fed guided the interest rate to 20%. Do you forget the fact that United Bank and five other major banks collectively lend 100 million yuan at lower than the guided interest rate?"

"Yes, yes, I remembered it."

"At that time, the Federal Reserve was extremely dissatisfied. Citibank and others took over the matter. Later, the president called some Fed officials stupid..."

"Yes, yes...and then the Fed is going to fight back?"

"They found the wrong partner. Is it so easy to beat the president in the face? People are the second person under the leader in Italy. The president arrived in the United States in March. It is now mid-September and has not left yet. Italian naval warships have been replaced one after another. Have you ever seen entrepreneurs who can command the navy and control the fleet? Have you ever seen Morgan or Rockefeller call battleships to visit Europe casually? Look at the president's bodyguard and the security guards of the United Bank..." Someone pointed at the guards around him, "It's higher than the president's security level?"

"Yes! Yes! Of course, the president cannot be measured by common sense." Everyone nodded again: Even the US president dared not say that he could just transfer a warship around casually, but the Italian Navy was so strange that the Italian Royal Navy sneered, what do you know? All warships are sponsored by the president. Even the costs of running around, labor salary and even business trip subsidies are paid by the president. Everyone has additional benefits when they come to the United States. Whoever doesn't go is stupid, and everyone is rushing to go to the United States!

"The above is the general situation. Let's release the United Group's public statement on this matter and relevant measures." Alessandro glanced at the venue, and the venue, which was a little turbulent just now, immediately fell silent...
Chapter completed!