I, Doctor in the US-Chapter 512 - 462: Ideals Will Be Crushed by Reality!

"I admit, my fund is actually worthless now."

Madoff disclosed the truth to all American viewers through the camera.

But it was merely a statement.

Yes, just a statement.

Judging by his demeanor, there was not a hint of change.

You could absolutely see expressions of shame, guilt, fear, etc., on his face.

It was as if he were talking about an exceptionally ordinary everyday matter.

However!

This fund, which Madoff was suspected of running as a Ponzi scheme,

Originally amounted to $65 billion!

Yes, you got it right.

That's exactly $65 billion.

This amount was roughly equivalent to the GDP of a small nation.

Yet he stated it so simply.

Gone.

The fund is empty now.

Just like an everyday occurrence.

The key is his identity; he was one of the founders of Nasdaq.

Even before he got caught, he was the chairman.

Such a bigshot figure.

The number one figure of such a globally renowned stock exchange.

Turned out to be a big fraud!

To be honest, based on the favorite theory over here in the United States,

That is, according to the Poisonous Fruit Tree theory,

Does it mean that Nasdaq, the current globally most famous and most profitable tech startup stock market, has huge problems too?

Let's not call it a huge scam.

It definitely has issues, right?

This Madoff was the chairman of Nasdaq.

A true big shot.

Now he openly confessed; $65 billion vanished.

Is Nasdaq really okay?

Actually, many people would definitely think of this issue.

But!

No media brought up anything about Nasdaq.

Nothing mentioned.

In other words, ordinary Americans are really easy to deceive.

However, in this case, those truly affected are the elite.

The individuals who were part of Madoff's fund are definitely not ordinary people.

Actually, regarding the American stock market…

It's quite peculiar.

That is to say, the original requirements of this market are quite low.

Trading even started with a single share.

This is also why one share of Berkshire Hathaway is priced so high.

However, in the American stock market, individual investors are extremely rare.

In this regard, just watch "Wall Street: Money Never Sleeps" and you'll know.

The main character in the movie desperately calls clients, whom he targets as wealthy "retail investors."

Meaning, many companies try to reach individual investors, inviting them to heed our financial investment advice.

This is similar to a fund or evolves into a fund later on.

Many American individual investors also choose this model.

Handing over their money to the so-called professional investors, the elites of Wall Street.

This is the American securities market, which is really strange.

Retail investors are sparse in this market.

Yet, in Madoff's Ponzi scheme this time,

Clearly, it was the elite who were swindled.

There are even estimates made.

Approximately 200,000 high-net-worth individuals suffered huge losses in this scam.

Saying they were left penniless sums it up.

And after the scandal broke out, within just a few days,

There were already numerous cases of bankruptcies followed by suicides in America.

Of course, things are different now compared to before.

In the past, everyone would gather and head to Wall Street to jump from a building.

Nowadays, in the age of the internet, there's no need to go all the way to Wall Street, right?

Thus, these successive suicide incidents have become major news of the moment.

This is genuinely a big deal.

After all, those who committed suicide were to an extent elite or small-time wealthy individuals or something like that.

Some even had control over substantial resources.

In such circumstances…

The American people truly couldn't hold back anymore!

"Madoff must be severely punished!"

"This is an unbelievable scandal! Madoff may even get away scot-free!"

"It's been dozens of years; why didn't anyone report him?"

On the American internet, emotions ran high.

Against such a backdrop… don't forget, there's still a major event happening.

On January 19, 2009.

A train headed toward Washington.

This train was quite special, with not much speed.

Okay, the United States doesn't have any high-speed trains, never has.

But this one was surprisingly slow.

If passers-by saw it, they would gently ask a question.

Who the heck is inside?

Alright, the answer is somewhat surprising.

Guanhai is inside.

Simply put, tomorrow is the day he officially takes office.

He will swear in with his hand on the Bible as the world watches.

After which, he will become the highest authority in the United States of America.

According to American media, he is also the highest authority on this planet.

But why slowly ride a train to Washington?

Actually, there is a real explanation for this.

Back before the Civil War, there was a very, very intense election.

The result was that both the North and South essentially had Presidents.

And we all know, the one elected for the North was Abraham Lincoln.

In those days, Lincoln arrived in Washington by train to take office.

Yes, this time it is to recreate the scenario of the past.

This Guanhai's complexion...

An African-American President walking the old path?

This matter... is indeed well executed.

No matter who planned it, they deserve extra credit.

This arrangement is definitely filled with meaning.