The Almighty Ring-Chapter 2948

Chapter 2948: Chapter 2936 adding insult to injury

Translator: 549690339

Without further delay, Jiang Fei headed straight for the Magistrate’s residence. When he arrived, a large number of officials and wealthy businessmen had already gathered in the magistrate’s meeting room.

“What should I do in this situation?”

“It’s all that Ralph’s fault. Nothing good ever happens when he’s in power!”

“That’s right! If it wasn’t for his stupid idea, such trouble would not have happened!”

“Don’t blame Lord Ralph. No one would want such an accident to happen.”

“HMPH! What’s the use of you sucking up to him? In a while, this kid will be done for. He has created such a big mess. If the magistrate doesn’t kill him, he’ll be lucky!”

..

As soon as Jiang Fei entered the door, he heard many people talking about him. Among them, there were many people who slandered him. Previously, when Jiang Fei dealt with the engineering department officials with lightning speed, he had offended many people, therefore, it was within his expectations that these people would kick him while he was down.

However, when Jiang Fei appeared, these people shut up. It was okay to talk about him behind his back. However, before the Archon dealt with Jiang Fei, he was still the second-in-command of the gamma dimension. If he offended him.., the previous officials in the engineering department were a cautionary tale.

Although these people did not dare to criticize him in front of Jiang Fei, they did not swarm over to flatter him like before. Now, they all felt that Jiang Fei was dead for sure. Therefore, they all kept their distance from him, they even pretended not to see him.

“Hehe, everyone is quite early!”Jiang Fei laughed.

“You can still laugh now. You will cry later!”Someone muttered.

“If you have anything to say, why don’t you say it to my face? What’s the difference between mumbling like a mouse?”Jiang Fei said sarcastically.

In the face of Jiang Fei’s sarcasm, none of the people present dared to make a sound.

After about ten minutes, the consul, accompanied by two of his staff, came to the hall.

“Everyone, let’s not waste any more time. The situation we are facing now is already in front of us. Does anyone have any ideas?”The consul asked directly.

Almost at the same time, everyone turned to look at Jiang Fei.

Firstly, it was Jiang Fei who had dealt with the previous economic crisis. Secondly, it was he who had caused the mess this time. Therefore, everyone naturally looked at him.

“Sir, it is my incompetence that caused this situation.”Jiang Fei first apologized to the magistrate.

“Don’t talk about such useless things. I want to know how to deal with this situation!”The magistrate waved his hand. Although he had the intention to punish Jiang Fei, Jiang Fei was the person most likely to solve the crisis, if he was punished, the crisis in front of him could not be resolved.

“…”Jiang Fei pretended to be silent for a moment. Then, he raised his head and said to the magistrate, “Currently, we have two ways to solve the current crisis.”

“Oh? !”The magistrate laughed when he heard that. He said to Jiang Fei, “I knew that you had a way. However, I did not expect that you would think of two ways in such a short time!”

When the magistrate said that, the faces of many people present turned ugly. Although these people did not confront Jiang Fei face-to-face just now, they had already offended Jiang Fei. Initially, they thought that Jiang Fei was finished, that was why they were so unbridled. However, they did not expect Jiang Fei to have a way to solve the current crisis. If that was the case, when the crisis was resolved, Jiang Fei would definitely be trusted even more by the Archon. When that time came, would he not take revenge?

At the thought of this, the people who had just given Jiang Fei a hard time felt as if they had lost their parents. Their faces were drooping like donkeys. Many people even broke out in cold sweat.

“Yes, sir. Both of my plans can solve the current crisis. However, these two plans are not perfect. Each of them has its own flaws. I wonder which one would you like to use, sir?”Jiang Fei said.

“Tell me,”the consul said.

“It’s like this, sir. The first plan is rather crude. You will directly announce the abolition of all currency. The entire gamma space will be under military control. All materials will be forcibly confiscated. A rationing system will be implemented. Everyone will receive a fixed amount. No one will be allowed to trade. All debts will be voided on the spot. The entire financial order will be rebuilt!”Jiang Fei said.

“No!”

“Absolutely not!”

“This is too much! What right do we have to abolish money? What right do we have to forcibly confiscate resources? This is our private property. Private property is sacred and inviolable. Do you understand?”

..

As soon as Jiang Fei’s plan was out, the people below exploded. Unlike the people at the bottom of the pyramid who were in debt and jumping off buildings, these people who stood at the top of the pyramid still had a large amount of wealth even if the economic crisis came, of course, they could not agree to Jiang Fei’s plan to rob the rich and give to the poor.

For a moment, the entire hall was filled with objections. Jiang Fei’s first plan was actually the most efficient. If it was a referendum, it would definitely be passed. After all, most of the people would not be able to live anymore, they were burdened with debts that they would never be able to pay off in their lifetime. If they could get rid of the debts, they would have the capital to start their lives again.

However, among the people present, there was not a single commoner. All of them were high-ranking officials and dignitaries. How could they possibly agree to Jiang Fei’s plan to rob them of their vested interests?

“Alright, let’s talk about your second plan.”The archon also waved his hand. He was the richest person in the entire gamma dimension. Therefore, unless it was absolutely necessary, he would not agree to this plan.

“Alright!”Jiang Fei nodded. He knew that he would not be able to pass the plan on the first day. The reason why he had mentioned this plan was to haggle over the price.

Jiang Fei was using a classic negotiation technique. First, he would make a price that the other party could not accept. Then, he would wait for the other party to reject before making a price that he was not too willing to accept. This way.., as the other party had just rejected him, he was instinctively unwilling to reject him again. Therefore, there was a higher chance that he would agree to this acceptable but slightly higher offer.

“My second plan is very complicated. First, the government has to nationalize the twenty banks and use the government’s credit to cover for them. Otherwise, the bad debts of nearly two trillion are enough to make them all go bankrupt. When that happens, the monetary system will also collapse and the disaster will be even worse,”said Jiang Fei.

“And then?”The governor asked. Although he did not quite understand the consequences of making the 20 banks public, at least it sounded more feasible than the first plan.

“The next step is to cut interest rates, extend the repayment period, and give the borrowers some time to catch their breath. Let them not be desperate!”Jiang Fei said.