Super Invincible Battleship
Chapter 1528 - 597: Shocking Scandal_2

Chapter 1528: Chapter 597: Shocking Scandal_2

Yan Fei nodded and said, "I will."

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Upon accidentally learning about the intelligence related to the historical activities of the Destiny Organization, Yan Fei began to ponder how to locate the stronghold on Earth of the Second Generation Destiny Organization, also known as the mastermind. He was now eager to eliminate this behind-the-scenes player. If the mastermind were taken out, it’s highly likely that the next Destiny Organization wouldn’t appear for another two thousand years, and thus he would enjoy two millennia of freedom, provided that he could live that long.

To achieve this, Yan Fei even postponed his entry to the Dreamland Cave World. He continuously collected data on the Internet, hoping to find clues to the whereabouts of the mastermind. However, after staying busy for a while, Yan Fei still came up empty-handed.

Just when Yan Fei was about to give up searching, an explosive piece of news was suddenly published in domestic newspapers of The United States of America. An anonymous whistleblower alleged in the news that the current aging President had manipulated stock prices in the stock market, enabling the shell companies controlled by his family to reap massive profits, while a vast number of American investors suffered losses.

According to this whistleblower, the aging President had capitalized on the opportunity of the tariff Trade War with China to make early arrangements. He would consistently post on American social media, and his messages were mostly negative. Following these negative remarks from the President, market panic would ensue, leading to a crash in the American stock market.

The family behind the American President had registered several Offshore Shell Companies in the Cayman Islands, into which they funneled family wealth for trading activities in the domestic market. Whenever the President released panic-inducing news, the American stock market would plummet, and these Offshore Shell Companies would aggressively buy up stocks of quality companies at rock-bottom prices.

After these Offshore Shell Companies had bought up a sufficient number of shares, the President would disclose positive developments reached with China. This was not only to tout his achievements but also to boost stock market confidence and send stock prices soaring. Stimulated by these optimistic reports, the American stock market would experience a sharp surge, at which point these Offshore Shell Companies would sell their low-cost shares for high prices.

Once the Offshore Shell Companies had made a hefty profit, the President would immediately backtrack, brazenly overturning all previous agreements with China, returning everything to the Starting Point. Then the President would once again release panic-inducing news on social media, creating another wave of market panic, pushing the American stock market into a downturn. The Offshore Shell Companies at his back would once more seize the opportunity to buy low, collecting a vast amount of quality shares. Following that, the President would repeat his previous tactics, manipulating the rise and fall of the American stock market.

Under the precise control of the American President, although the American stock market underwent significant volatility, the general trend remained upwards. Due to the stock market’s rise, no one detected the President’s deceit. Even before the official fall-out and declaration of war with Dream Island, the American stock market reached an all-time high.

The President shamelessly credited the rising stock market’s success to himself, claiming to have created enormous Wealth for Americans. But in reality, the majority of Americans had been wiped out by the severe market fluctuations, becoming heavily indebted, while the President and his family profited immensely behind the scenes.

By the time The United States of America went to war with Dream Island, the Offshore Shell Companies behind the President had already made enormous profits from the tumultuous American stock market. According to the whistleblower’s estimation, the President and his family had amassed over fifty billion US Dollars in Wealth from these contrarian trades.

This was a scandal of epic proportions aimed at the American President, and it had just been detonated, causing a massive uproar within The United States of America. Everyone suddenly realized that, ever since the President took office, the American stock market had shown numerous abnormal fluctuations, leading to heavy losses for retail investors. Although the stock market had reached its highest point in history, giving the appearance that everyone involved had made a fortune, in reality, the retail investors had taken heavy losses, while the President and his family-led market manipulators were the real big winners in the stock market.

Initially, these people thought it was their own limited ability to trade stocks and seize opportunities to make a fortune. Little did they know that the stock market’s ups and downs were entirely disconnected from skills; the market was abnormal and controlled by the American President. Ordinary people were mere leeks in the eyes of the market manipulators led by the President, harvested again and again.

Before, Americans were unaware of these insider dealings. They saw on the media how unfair trade relations between The United States of America and China were, and how China supposedly took advantage of America, so they supported their President’s hard stance against China. They even sympathized with the President when he appeared to be at a disadvantage. Now, it seems that the President was merely acting; his seemingly incoherent outbursts were very deliberate. The President never took the trade dispute with China seriously; instead, he used it as a Weapon to harvest retail investors in the American stock market.