Chapter 2727 2729 [Sweeping the floor politely]

Author: Ji Mobai

Chapter 2727 2729 [Sweeping the floor politely]

Compared with Wang Yufen, Cheng Huichang and Wu Peifang's tragic losses, Xiang Nan took advantage of the stock market crash to make a fortune.

By shorting the stock market, he made at least 300 million, qualifying him to become the richest man in Sweden.

However, Xiang Nan knew that wealth does not reveal wealth, so he diversified his money and stored it early to avoid early exposure, which would attract trouble and cause trouble for himself.

He plans to use the next three or four years to successively acquire valuable and potential factories and resources in Sweden, and officially convert wealth into capital.

When he controls Sweden's economic lifeline, he becomes the most powerful person in Sweden, and his status will not be affected no matter who is in power.

In this way, even if the Jin family is a wealthy family in Sweden, whoever dares to bully them is much more reliable than anyone else.

…

Over the next few months, the Great Depression continued to spread, and the stock market continued to plummet, as if there was no bottom.

A large number of companies suffered losses or went bankrupt, foreign trade orders dropped significantly, and a large number of workers lost their jobs... The global economy has fallen into a Great Recession.

What's even more troublesome is that due to the economic crisis, the banking industry, which has always been rock solid, has now become shaky. Countless small and medium-sized banks have gone bankrupt, and even many large banks are facing the risk of bank runs.

According to incomplete statistics, in the United States alone, there are as many as 650 banks that have failed, and more than 4,000 banks that are on the verge of failure.

This trend soon spread to Sweden, causing great misfortune to Jin Fengju, Jin Hesun and Jin Pengzhen.

It turns out that the three of them deposited all their money in small banks because of the high interest rates. Now that the Great Recession has hit, these banks have suffered huge losses in their investments and loans. Coupled with panicked withdrawals from depositors, these banks have also gone bankrupt.

collapse.

As a result, Jin Fengju, Jin Hesun, and Jin Pengzhen were in bad luck.

Not only did they lose money in the stock market, but their savings for many years were wiped out. As a result, the three families were completely ruined. Soon, they didn't even have money to buy food.

In order to maintain their livelihood, they had to sell the furniture they had previously purchased at high prices, such as cars, refrigerators, radios, telephones, gramophones, etc., and even their houses.

But because this is the period of the Great Depression, the prices of these furniture, which were once purchased at high prices, have dropped by more than half, and they can even be sold at a discount of 10% or 20%. It can be said that they have lost a lot of money.

For example, Jin Fengju spent 3,000 yuan to buy a Volkswagen, but now he can't even sell it for 600 yuan. It can be said that he lost a lot of money. But he had to sell it in order to eat.

…

"Third brother is really almost selling out all the pawns?" Xiang Nan asked Bai Xiuzhu in surprise.

Bai Xiuzhu nodded, "Well, the house is almost empty. The car, refrigerator, radio, washing machine, gramophone, and even the good clothes I bought before are all sold. It looks so pitiful."

When she went to visit Wang Yufen in the morning, she was surprised to find that her cousin's house was almost empty. Almost all the appliances, furniture, clothes, jewelry, etc. that could be sold were sold out.

This also left the third brother's family with nothing to live on, which looked really pitiful.

Especially Wang Yufen, who was so angry that she vomited blood before. Now she has lost all her remaining savings and no money for medical treatment. Her whole body is sallow and sallow, and she looks really distressed.

"Poor people must be hateful." Xiang Nan curled his lips.

If they had been willing to listen to him, they would not have suffered the losses they are experiencing now. If they had been willing to stand on their own, they would not have ended up in this poor situation.

"Don't say that, she is already very pitiful." Bai Xiuzhu advised, "I left five hundred crowns for my cousin. I hope I can help her for a while."

"Don't give her money anymore." Xiang Nan said after hearing this.

"Why?! Five hundred crowns, it's not a lot of money, and it's not that you can't afford it, why are you so stingy?" Bai Xiuzhu said dissatisfied after hearing this.

Five hundred crowns is only equivalent to more than six hundred dollars. This amount of money is nothing to Xiang Nan. Even to her, it is just a drop in the bucket.

"I'm not stingy, but if you help her now, you are harming her." Xiang Nan curled his lips and said, "What she needs now is not money, but the spirit and courage of self-reliance.

The reason why the eldest brother, the second brother, and the third brother have reached this point is that they only know how to eat, drink, have fun, and be arrogant and licentious, but they don't know how to rely on themselves, so they are all ruined when the crisis comes.

If you give them money now, there will be no need for them to change. In this way, they will continue to be like this for the rest of their lives. Can you bear to see them remain parasites for the rest of their lives?

Only if they know how to make progress, then it will only make sense for us to help them. Otherwise, it will just be raising a few more pigs waiting to die."

Bai Xiuzhu was stunned for a moment, then nodded.

…

Two months later, Jin Fengju's days of pawning three homes finally came to an end, because there was really nothing left to pawn, and even the house was sold.

Therefore, by the beginning of the 1930s, the three of them had no money, so they had to run back to the Jin family mansion in despair and beg Jin Quan to take them in.

Although Jin Quan took them in, as he said before, he only gave them a bowl of porridge for every meal. If they wanted to eat vegetables, meat, fish, fruits, pastries... they would not have it.

Jin Fengju, Jin Hesun, and Jin Pengzhen, who were accustomed to eating, drinking, having fun, and delicacies from the mountains and seas, couldn't stand it. Within three days, their mouths had turned out to be like birds.

But they didn't dare to make demands to Jin Quan.

After all, the three of them don't even have the ability to stand on their own now. If they offend Jin Quan and are kicked out, they won't even have a place to stay.

It's just that the three of them are not willing to just eat free rice every day.

Although compared to the poor people who have lost their jobs and lost their savings, a bowl of white rice is already hard to come by.

But after all, they are used to enjoying it, so in desperation, they are forced to grow up, want to find a job, make money to support their families, and live the same life as before.

For this reason, all three of them began to find jobs.

But now that factories and companies have closed down one after another and orders have dropped sharply, it is not easy for them to find a job. They go to the employment agency to queue up every day, but every time they come with hope and leave disappointed.

Moreover, after being in contact with those poor people for a long time, they realize that it is actually very rare for them to have enough to eat now.

Like many poor people, they no longer have money to buy rice, so they can only rely on charity and begging. They even pick up unwanted garbage and take it back to eat. Even so, they don't have food to eat every day.

Starving, sick, and dying of hunger abound. After the three of them saw it, they all couldn't help but regret that the real life they had lived before was too extravagant.

As long as I save some money, I can still live a fairly prosperous life. At least I have enough to eat and good food is not a problem.

How can it be like now, when you are forced to gather with so many people to look for a job? It is really a shame to be polite.
Chapter completed!