Chapter 444: The Outbreak of the Economic Crisis (Part 1)

Another month has passed.

On this morning, the oil stock market, automobile stock market, semiconductor stock market, and high-tech product stock market, which had been holding out for another month, finally couldn't stand it, and all of them fell to the freezing point!

The economic crisis has finally erupted.

Many financial companies and stockholders have all the money in their hands and are selling everywhere, but no one can sell it.

As for people's spending power, it has fallen to a historical freezing point!

On Wall Street, countless financial company bosses and giants are crying.

The economy had stagnated a few months earlier, and now the crisis has finally erupted and the economy has begun to decline......

The oil stock market has completely collapsed, and the auto stock market is like mud that can't hold up the wall.

It also indirectly affects the real estate industry!

This economic crisis, first of all, occurred from US imperialism, and in less than half a day, it instantly swept across Europe and the United States, and at the same time swept away other regions. On this day, countless companies, large and small, went bankrupt in an instant.

The number of unemployed people has skyrocketed again.

US Imperialism: Today, the economic crisis broke out, and in the downstream industrial chain of the oil industry, production, production of various raw materials or semi-finished products (including agriculture), and end consumer goods (such as the transportation of certain household appliances, pipeline transportation, vehicles, gas stations...... Wait, thousands of businesses are going out of business!

In addition to the petroleum industry, there are also the automobile industry, and there are more than 150 upstream and downstream related industries in the automotive industry, upstream: steel (cold-rolled steel plate, medium plate, cast iron, forged steel, aluminum, non-ferrous metals, etc.), plastics, rubber, paint, glass, oil, fabrics, etc. Downstream: all capital construction (industry, mining, agriculture, oil, water, iron, public transport, etc.), passenger and freight transportation, military, tourism, services, personal consumption, etc. Horizontal: parts and components (special parts, valves, pumps, motors, instruments, wires, etc.), special vehicle modification, bus modification, etc. Vertical: bank credit, vehicle sales, vehicle insurance, fuel supply, vehicle maintenance, old car recycling, etc.

The companies involved have been affected by the automotive industry, with more than 2,000 large and small companies failing today...... Countless people have become unemployed!

On this day, there was an endless stream of news like this around the world, mainly about the outbreak of the economic crisis, which also involved the real estate industry......

As we all know, upstream and downstream enterprises are interdependent. Without the raw materials provided by the upstream enterprises, the downstream enterprises are like a clever woman who is difficult to cook without rice; if there is no downstream enterprises to produce products into the market, the materials of the upstream enterprises will also be useless. Therefore, upstream enterprises and downstream enterprises in various industries should share weal and woe, mutual assistance and mutual benefit, and common survival and development.

Take the automotive industry as an example, it involves too many upstream and downstream industries, almost 80% of industrial manufacturing.

There was a data before: it is said that the output value of automobiles has increased by one percentage point, and the upstream and downstream output value of automobiles has increased by 17.0 percentage points, which shows the contribution of the automobile industry to a country's industry. This is also one of the reasons why every big country is trying its best to develop the automobile industry, because it is a signal to move towards an industrial power!

So now the stock market of the automobile industry in Europe and the United States has fallen to the freezing point, and those cars cannot be sold, so the industrial chain involved is also extremely extensive.

There are many elements that can cause an economic crisis, which refers to the contraction of one or more national economies or the entire world economy over a relatively long period of time (negative economic growth rate).

For more than a year, the semiconductor industry and the communications industry have been blocked, from stagnation a year ago to negative growth for most of the year. There's a reason for that.

First, the so-called structural crisis is caused by the imbalance in the economic structure; the imbalance in the industrial structure is a concentrated manifestation; the industrial structure directly leads to contradictions in the employment structure and the product structure, resulting in economic chaos and an outbreak crisis; if the large-scale adjustment of the economic structure is not handled well, it may also lead to an economic crisis of overproduction.

Second, the contradiction between production and consumption, especially the long-term backlog of important means of production, is seriously in surplus, and once it spreads to other fields, it may trigger a crisis.

The third is caused by the mistake of ZF regulation and control measures. The monetary policy, fiscal policy, industrial policy, and income policy used by ZF to regulate can also induce economic crises if used incorrectly.

Fourth, when the world economy is in a recession or serious problems occur in a certain area in a certain country, it may trigger a regional economic crisis or even a world economic crisis.

For the above four reasons, US imperialism has more or less been touched.

First, the semiconductor, communication industry and computer and mobile phone software, which are all out of balance in the industrial chain of Galaxy Group.

Second, the semiconductor and communications industries are overproduced and cannot be sold. Directly lose the global market!

Third, the last outbreak of the gold system crisis led to a sharp plunge in gold and the depreciation of the US dollar, which directly affected the monetary system and could not be regulated. Later, there was also the attack of new energy, which caused the stock market of the oil industry system to fall to the freezing point, which could not be saved.

Fourth, the least stained, but there is also a chain reaction.

To sum up, the US imperialists still couldn't bear it this time, and finally the economic crisis broke out, as well as many companies in Europe, so it caused a chain reaction in an instant. The crisis covers Europe and the United States.

US Imperialist Economic Weekly: The main culprit in the economic crisis this time is the Galaxy Group! It is the Galaxy Group that has monopolized the world in many fields and forced many companies into bankruptcy...... It's also stirring up shit in the gold industry and stirring up shit in the oil industry, leading to an economic crisis! We are now calling on the major forces to find a way to deal with this galaxy group!

Global Daily: Yesterday, the economic crisis broke out, and the number of unemployed people in the world reached 15 million......! The world evaporates 2 trillion dollars in a day!

We should now find a way to stabilize the stock market, try to provide a large number of jobs, and let Europe and the United States get out of the shadow of the economic crisis as soon as possible!

European Economic News: The outbreak of the economic crisis has seriously affected real estate, and now real estate is stagnant, and inflation is ...... We have to find a way to regulate ......

AsiaNews: This economic crisis did not come so suddenly, many experts predicted it a few months ago. After this economic crisis, will the developed countries have their economies regressed? And what countries will be able to rise rapidly after this economic crisis?

We'll see what happens!