We are all reborn, who wants to be the richest man?
Chapter 420: Seizing the Philippine Financial Market
Malacañang Palace, which means the place where noble people live, is where the President of the Philippines lives and works. Anyone who travels to the Philippines will be familiar with this place.
Of all the people who live in Malacañang Palace, Marcos and his wife Imelda are the ones who enjoy the most extravagantly.
The two couples each had a bedroom, with the words King's Bedroom and Queen's Bedroom written on the door respectively.
Marcos's king's bedroom was almost a small hospital, with all kinds of medical equipment.
In addition, the most eye-catching thing is the colorful T-shirts hanging beside the bed. Marcos regards them as his lucky shirts.
If Marcos’s king’s bedroom was a bit offbeat, Imelda’s queen’s bedroom smelled of money.
A huge bed that could accommodate more than twenty people, with gold-plated decorations everywhere.
Especially the cloakroom, walking in feels like walking into a high-end department store.
Two thousand pairs of gloves, two thousand seven hundred pairs of leather shoes, one thousand seven hundred small handbags, five thousand pairs of shorts, five hundred bras and two hundred pairs of socks.
Philippine Airlines, Asia's first commercial airline.
If it is state-owned, it is strange that those managers with erratic top management and poor bottom management can make this company profitable.
Looking at Imelda, who was still trying on various underwear, but whose figure was already bloated and her youthfulness was no longer there, Marcos couldn't show the slightest interest in her.
Since 1974, Imelda has been traveling around the world, and every time she goes out, she brings dozens of relatives and friends, various officials, reporters and entourages, numbering in the hundreds.
The extravagance of these decorations can also tell what kind of hedonistic life the couple lived.
"How do you think about it? This is hundreds of millions of dollars of wealth. As long as you nod your head, it will become our private property."
This is why Luo Nianzhong used Imelda's heart to quote a very low price to Philippine Airlines, US$1.8 million. Speaking of which, more than 50 of Philippine Airlines' existing aircraft were sold for more than this amount.
When the boss of Philippine Airlines went to Malacanang Palace to find Marcos with the bill, Marcos issued an order to force Philippine Airlines to be nationalized. He was so overbearing and arrogant.
"Whether it's ABS-CBN or Philippine Airlines, it doesn't matter. What I'm considering now is their request."
This does not include the thousands of high-end clothing and hundreds of exquisite clothing ordered and made by European fashion masters, not to mention the jewelry, there are hundreds of jewelry boxes.
These are all things that need to be worn normally, and those clothes that have been eliminated are almost useless.
Originally, in the original plan, it was just ABS-CBN, a media company, but after learning about the situation of Philippine Airlines, Liang Yong felt that he should have a bigger appetite, and after reporting to Luo Nienzhong, he turned Philippine Airlines into a meal. Thanks also to Imelda.
"You have to know that Philippine Airlines is currently using money from the national treasury to maintain losses. What's the difference between using our money? If I throw this boiled yam out, I don't have to worry about gas costs every time I go out."
But who caused Philippine Airlines to suffer huge losses for consecutive years?
Philippine Airlines often has to prepare more than two aircraft for Imelda’s visits, which has affected normal passenger aircraft travel.
The key is that Imelda did not pay Philippine Airlines a penny for these trips, which made the boss of Philippine Airlines very dissatisfied.
It seems that the recent reduction in overseas visits made Imelda very unhappy. She turned around and tried to persuade Marcos, who was not looking at her at all.
"I said, neither ABS-CBN nor Philippine Airlines is a problem. I want to know why they put forward such conditions."
"Allow Far East Bank, Hang Seng Bank and Barclays Bank to set up branches or subsidiaries in the Philippines? What does it matter? I think this is a good thing for us."
"Good thing?" Marcos finally looked up at Imelda.
"Yes, don't forget that Far East is one of our largest secret account holders, which contains nearly one billion US dollars.
The settlement of Far Eastern banks in the Philippines is equivalent to giving us a handle, isn't it? "
Since Far East Bank took over Hang Seng Bank, it has begun to change over the years, taking the route of Swiss banks. You do not need your real name to save money here, even a number can be used as your account opening name.
It is for this reason that Far East Bank has become the bank with the largest deposit of black money in Asia.
Of course, just like Swiss Bank, if you save money in Far East Bank, you will not be given interest and you will have to pay an additional management fee.
"I still don't understand. You don't know what the banking industry is like in the Philippines right now. Even banks in beautiful countries are fleeing or tightening their money supply. Why do the Far East Group still want to come in?"
The banking system in the Philippines has indeed caused a lot of harm to the couple and their crowd, and countless bankruptcies have occurred.
Since the early 1980s, Marcos' cronies have directed various chess pieces to borrow money from major banks in Marcos' name. Once the money was obtained, these cronies would divide it among themselves.
If it happens too often and over a long period of time, the money will become bad debts of the bank.
If the bank dares to come to collect the money, these chess pieces will move Marcos out. If it doesn't work, they will just take the money and run away.
Even many foreign banks were deceived because it was useless to go to Marcos. Marcos simply did not interfere with Xini.
Banks, as the country's financial institutions, have large-scale bad debts and the consequences of insufficient capital circulation can be imagined, and the wave of bank squeeze is coming.
The people of the Philippines found that their bank accounts were empty and unable to withdraw any funds, and the economic crisis followed.
Regardless of the fact that the world's economy is now soaring and developing rapidly, this does not include the Philippine economy.
Why does Far East Laundering Bank want to develop in the Philippines? Isn’t it because it wants to control the Philippines’ finance?
Both this financial crisis and the 97 Asian financial crisis have had a great impact on the Filipino people.
Later foreign banks accounted for about 15% to 20% of the savings in the Philippines, but they were all located in big cities. Their branches accounted for less than 3% of all the branches of all banks in the Philippines. You can imagine how distrustful the Filipino people are in the Philippines. Bank.
As long as the Far East Financial Department also establishes outlets in small and medium-sized cities in the Philippines, Luo Nianzhong is confident that he can control 20% to 30% of the Philippine financial industry.
The promulgation of the Philippine Banking Law in 1948 officially closed the door for foreign banks to enter the Philippines. This situation lasted until 1994 when the Philippine financial industry was reopened and seven banking licenses were issued to foreign banks.
However, the Philippine government also stipulates that only ten foreign banks are allowed, so if Far Eastern banks want to enter the Philippines now, Marcos has to agree.
There has never been a better time than now for the Far East Financial Department to gain the trust of the Filipino people.
Luo Nianzhong felt that the timing of this position was just right, and this was the core of Liang Yong's operation.
Imelda, who finally chose a piece of underwear that she was satisfied with and was lying on the bed, didn't care what Far East thought, and said while admiring the jewelry she just bought.
"I only know that there is no reason not to eat the meat that reaches your mouth. As for them, no matter what they think, aren't they all in our territory?"
These words seemed to impress Marcos, and indeed gave him confidence in his own territory.
After thinking for a while and unable to figure out the reason, Marcos stopped thinking about it, took off his clothes and got into bed.
Tonight is another pig knocking day, get ready to hear the wild boars howl.
You'll Also Like
-
Investiture of the Gods: Reborn as Yang Jian, on a meteoric rise
Chapter 316 3 hours ago -
Lord of the Devouring Starry Sky
Chapter 859 3 hours ago -
Reborn in Hong Kong, I am the Rice Bowl Master
Chapter 441 3 hours ago -
Douluo Continent: What if Bibi Dong had a cheat code?
Chapter 398 3 hours ago -
Douluo Continent: I Played a Trick on the Protagonist in Order to Cultivate My Martial Soul
Chapter 280 3 hours ago -
One Piece: Davy Jones is the captain of the Thriller Bark
Chapter 434 3 hours ago -
The King's Avatar: I'm Really Not a Dad
Chapter 339 3 hours ago -
Reborn as a demon, I became a totem in Full-Time Magician.
Chapter 294 3 hours ago -
Gao Wu: My martial arts are running away from home every day.
Chapter 478 3 hours ago -
Douluo Continent: Starting with Stealing Tang San's Luck
Chapter 322 3 hours ago