NationStates Jolt Archive


Financial Crisis! Livelihoods ruined! 401ks worthless!

Bonstock
17-10-2003, 02:29
Bonstocknian workers have been long underpaid by their bosses, and now they are taking to the streets. Many workers were fired, but concern has been sparked among the business community.

Port Yuko, Bonstock
October 1, 20??

Fred Winters was driving in his car. He was the CEO of the Bank of Bonstock, an internationally acclaimed financial firm with billions in assets. They are the primary loaners to budding IT companies and practically own the Bonstocknian colony of Maropian Coast, located in Taiwan. As he sped on down the Port Yuko Airport Speedway, the phone rang.

"Mr. Winters?"

"Yes?"

"It's CFO Watson. We have some news."

"What?"

"Workers are organizing a strike due to low wages. Firing them is not working. Also, our investments are about to go down the drain. I have info on our Quarterly Orders Report. It's way down. IT companies are expected to go bankrupt. We need a way out."

"All right. We'll pass the info to some trusted executives, and slowly sell off our stock in our company. Inform the President; she should sell off her assets too. Also, tell all or IT friends to sell off. The bubble's about to burst, and I wanna keep my beach house in Taiwan. We need to find people to keep it secret, though. Its illegal."

"Sir, should we really tell President Hu Li? Is she trustworthy? What if she rats on us? She is pretty young, you know. She may not know how to keep our secrets."

"Shes our trusted friend, so I hope. Then again, it would trash her reputation if we told her and she got involved and we were caught. Then who would get elected?"

"True. If we're caught, we will be responsible for a huge crisis, and we will be arrested, and she would be impeached, and we would suffer. But we need to save our life's work."

"All right. We'll go ahead. Just make sure we arent caught. That would cause pain for us. Get our plumbers working on it quikly. And, lets not inform the President. She'd take action, and that could expose us. Lets just hope this works." He hung up, and continued driving...

Meanwhile, the strikes continued, organized by a secret conglomerate of organizations. The old People's Council on Bonstocknian Liberation, which funded communist activities and rebellions, had commissioned a two "subordinate" but overlapping parties, to confuse Bonstocknian intelligence. The two were the Bonstocknian Bolsheviks and the National Socialist Bonstocknian Worker's Party. In one month, the country would go to hell.
Bonstock
17-10-2003, 22:52
Nozomi Station Air Force Base
Oct. 2, 9:30 PM

Two men in white labcoats were waiting at the helicopter pad. This was Bonstock's most secret military base. No one came in, and no one came out who did not have clearance. The two men were working on a project shrouded in secrecy. More secrecy then devoted to Project "Microphone." It was a new bomb... one that whould forever overshadow the HOUND, one that could destroy whole nations in one shot. Suddenly, a helicopter hovered in. It landed at the pad. Out came four armed guards, and a young Chinese-looking woman in a military uniform. The scientist in their labcoats saluted.

"Ms. President," said one of the men "We are honored by your presence. Please, follow us."

"Dr Shlemiel, Dr. Whitman. It it ready?"

"The prototype is, Ms President."

The President smiled devilishy. "Very well. Show me the presentation."

"At once, Ms President."
Bonstock
19-10-2003, 23:30
Port Yuko Stock Exchange
Port Yuko, Bonstock
9:00 AM

At noon that day, major Bonstocknian companies would display thier earnings reports. Now, as the bells range, a few brokers went to the main table, and sold off billions of thier client's stock. These were brokers of major Bonstocknian businessmen, mostly high executives at the Bank of Bonstock. News was soon announced that the High Courts had dismissed an anti-trust case against a major Bonstocknian software company. The markets went up, comphensating for the loss of the executive's sell off. Then the news came. The Bank of Bonstock was posting earnings reports showing huge negative growth. This killed the stock, ruining the finances of millions of workers. 401ks were instantly worthless for large numbers of Bonstocknians who ahd invested heavily in the most important company in Bonstock. The effect snowballed, and the markets were slashed 50%. Livelihoods were ruined. It was one of the worst day in Bonstocknian economic history, almost as bad as the Dark Terror Bombing campaign. Bonstock had suffered a huge economic blow.

Meanwhile, Bonstocknian high executives had just made billions of dollars. Winters instantly left for Taiwan, his finances secure. For one of the first times in history, there was a huge differance between rich and poor.
Feline
19-10-2003, 23:32
We wire 1 Billion dollars in aid to the workers who were affected by the insider trading scandal.
Bonstock
19-10-2003, 23:39
We wire 1 Billion dollars in aid to the workers who were affected by the insider trading scandal.
The government will hijack this money...

ooc: This is meant to be the pretext of a socialist revolution... aid will just be messed up in the government, inciting rage in the populace

ic: Millions of workers are being laid off. The Bank of Bonstock is now bankrupt, and selling off most of its assets. Maropian Coast is being bought out by local Taiwanese investors, unaffected by the sudden collapse.
Feline
19-10-2003, 23:47
The Democratic States of Feline demands that the government send this money to the people.

OOC: Of course, ignore this, since we do not know IC about this preceding a socialist revoulution.
Bonstock
21-10-2003, 21:37
Port Yuko, Bonstock

Angry workers gathered by the thousands in this alley, looking at a speaker. Most were without jobs, without bread, without anything. They listin to a speaker, who is just about to profess a new era for Bonstock, one born out of liberty, equlity, and brotherhood, and ending in the blood of millions of souls.