Chapter 0920: A Small Town in West Germany

On Monday, October 19, 1988, the New York stock market on Wall Street was hit by a crash in the largest crash in history. The Dow www.biquge.info Jones Index plunged 508.32 points, or 22.6 percent, in one day, the highest single decline since 1941.

In 6.5 hours, the New York stock index lost $500 billion, worth 1/8 of the annual gross domestic product of the United States. The stock market crash shocked the entire financial world and produced a "domino" effect in the world's stock markets, with the stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places all being strongly impacted, with stocks falling by more than 10%.

The stock market crash caused a huge panic among investors in Western countries, with many millionaires becoming poor overnight, and thousands of people having a nervous breakdown and committing suicide by jumping off buildings. The day was dubbed "Black Monday" by the financial world, and the New York Times called it "the worst day in the history of Wall Street."

At this critical juncture, the U.S. Federal Reserve Board made a historic statement, "In order to fulfill its responsibilities as a central bank, the Federal Reserve System reaffirms today its commitment to ensuring the liquidity of the financial system in order to support the proper functioning of the economic and financial system." ”

This sentence is actually in favor of banks continuing to lend to stock dealers: the Federal Reserve is ready to immediately inject money into the banking system. Two major commercial banks immediately announced a reduction in prime interest rates. Chemical Bank rapidly increased its securities loans by $400 million. Bankers Trust has also stated that it will guarantee the financial needs of its customers in any case.

The Federal Reserve's commitment has slightly restored confidence to those listed on the exchange.

President Reagan's office and Treasury Secretary Baker called Lin Jianqi separately, hoping to get his support, but Lin Jianqi knew that he was only one of the rich people who received the call.

Lin Jianqi rejected Baker's Treasury Secretary, but after Reagan promised a series of benefits, he agreed to Reagan's request, took out a sum of money and publicly said that he would save the city.

President Ronald Reagan and Treasury Secretary Baker separately said on television that the stock market crash was not commensurate with a healthy U.S. economy, which is very stable.

Subsequently, major commercial banks in the United States lowered interest rates. As a result of these measures, the stock index rose by 102.27 points on October 20, and rose by 186.94 points on October 21 from October 20, but closed by 77.42 points on October 22 from the 21st.

During the week of the crash, about 650 companies publicly announced that they would buy back their shares on the open market.

However, in this stock market crisis, it is the small companies that can really make a big difference. Shortly after the opening of the New York Stock Market on Tuesday, Oct. 20, a company bought $7 million, or about 22 percent of the company's shares, in a small technology company.

This is actually the activity of Lin Jianqi's holding company, before the US government has always supported Lin Jianqi's acquisition of these high-tech companies, and has always supported the attitude of obstruction behind it, but now US President Ronald Reagan is happy to see it, and he also specially called to thank Lin Jianqi and apologize for disturbing his vacation.

After that, the consortium under Lin Jianqi made frequent moves, and continued to maintain the acquisition of major technology, pharmaceutical and entertainment companies after "Black Monday". This large-scale buyback has had a fairly positive effect on the stock market.

Lin Jianqi's action undoubtedly injected a shot in the arm for the weakened Wall Street, and by noon, four more small companies had bought the shares that were in circulation, and at 12:10 p.m., Merry Linting, a well-known economic company on Wall Street, announced the repurchase of $5 million in shares. Several major companies in the United States followed suit, and Ford, Honeywell, and others took the same action.

This large-scale buyback action by listed companies has had a fairly positive effect on the stock market. From 12:30 p.m. to 1:00 p.m. that day, the Dow Jones index recovered from 1,717 to 1,825 points, and by 3:30 p.m., it had risen to 1,915 points. This day rose by a total of 176 points.

On October 28, Lin Jianqi and Zhao Yazhi ended their holidays and went their separate ways, Zhao Yazhi took Zhou Comin and Lu Xiuhui back to Hong Kong, Ge Weiru rushed to Taiwan, and He Chaohuan rushed to Tokyo.

And Lin Jianqi actually planned to go to Germany first, and Zhao Yazhi, who didn't know what medicine Lin Jianqi's gourd was going to sell, didn't care about him, this time he was in love for more than 20 days, except for Ge Weiru, they were confident that they could conceive a child again, and they were expecting that they would conceive a girl, not for the so-called reward, but because of Lin Jianqi's love for his daughter.

The small town of Berschgigradbach, 13 km east of Cologne, in west-central Germany, is a modern city with natural beauty. It is bordered by Cologne to the west, Leverkusen to the northwest, the great forest of the Central Mountains to the east, and the famous King's Forest to the south, the largest nature reserve in western Germany.

On the outskirts of the small German city of Görardbach, this is the famous "pumpkin base" in central West Germany. Along the way, pumpkins are everywhere: in front of supermarkets, outside gas stations, and especially in the yards of every house, colorful pumpkins drive away the chill of late autumn.

Pumpkins are a symbol of bountiful harvest and happiness in Germany.

At the home of Henices, a senior employee of a West German company, Lin Jianqi tasted a very local pumpkin set.

This is their recipe for this year's Halloween dinner: the starter is pumpkin salad and pumpkin soup, the main course is fish and pumpkin seed bread cooked with grilled pumpkin meat and pumpkin juice, and the dessert is pumpkin pudding and cute cartoon pumpkin pie.

In fact, around Halloween this year, many villages and towns in Germany are holding pumpkin festivals. Lin Jianqi passed through Berlin, and the small town of Kreisdorf to the south is hosting the Berlin and Brandenburg Pumpkin Weighing Competition. In the west, Hasloch is holding a unique pumpkin boat competition, in which contestants equip large pumpkins with motors and convert them into one-man boats to see who is the fastest.

Halloween legends originated in medieval Ireland. Every year on October 31 means the end of autumn for Germans. From the evening of October 31 to November 1, people worship the spirits of the ancestors. Later, Halloween spread to the United States, and Americans, who have always loved to "pretend to be ghosts", held a masquerade ball on Halloween Eve, dressed themselves up in horror and blood, and rushed to the streets to party.

When this changed "Halloween" returned to Europe, it was disdained by many serious German scholars. But more Germans want Halloween to become a "relaxation festival" to regulate their lives and reduce stress.

But most Germans are reluctant to admit that the main reason why West Germany is competing for a "pumpkin festival" to ease the pressure on the population is because of a wall that weighs on the hearts of all Germans – the Berlin Wall.