Chapter 142: The Gold-Dollar Collapses
(Thanks to heavensai, Birdman of Heaven, zz ~ lazy worm, demon ruthlessness, gnawing books in the bed, galaxy heroes, no matter how beautiful the pencil drawing is, it's just a gray reward)
When Ling Shizhe saw the news, he only said one sentence in his heart: It's finally started.
The newspaper prominently wrote, "The Bretton Woods system that has been running for 30 years collapses, and the gold dollar collapses."
The collapse of the Bretton Woods system did not occur all at once, its collapse was actually gradual, but two events accelerated the disintegration of the Bretton Woods system.
The first incident was the Korean War, and the first incident caused the United States not only to fail to achieve its expected goal and to receive a large amount of war dividends, but on the contrary, it caused the United States to lose a huge amount of troops.
According to the United States itself, the war not only did not pay dividends, but on the contrary, nearly half of the gold reserves of the United States were lost.
However, at that time, the United States had always had a surplus in the balance of payments, so the impact was not very large, on the contrary, the Vietnam War in the 60s cost the Yankees.
The decade-long quagmire of the Vietnam War, the gold that the United States spent decades stockpiling from World War I and World War II was quickly depleted, and since the 60s, the United States began to enter a period of deficit in the balance of payments, and the fiscal deficit was huge, which accelerated the disintegration of the Bretton Woods system.
In August 1971, after the news broke that France and other Western European countries were going to exchange large quantities of gold in US dollars, the United States had to announce on August 15 that it would stop fulfilling its obligations to foreign governments or central banks to exchange gold in US dollars for the United States.
In December 1971, marked by the Smithsonian Agreement, the dollar depreciated against gold, and the Federal Reserve refused to sell gold to foreign central banks.
In March 1973, there was another sell-off of dollars in Western Europe to buy gold and the mark. On March 16, the nine countries of the European Common Market held a meeting in Paris and reached an agreement that the Federal Republic of Germany, France and other countries will implement a "joint float" against the US dollar and implement a fixed exchange rate with each other.
The United Kingdom, Italy, and Ireland will float separately and will not participate in the joint float for the time being. In addition, other major Western currencies have also implemented floating exchange rates against the US dollar.
At this point, the fixed exchange rate system, another pillar of the post-war international monetary system, also collapsed completely, which heralded the final dissolution of the Bretton Woods system.
This news shocked the world and also shocked Hong Kong, and the year-long crazy growth of the Hong Kong stock market finally came to an end and began to fall rapidly, and half of the wealth of the Hong Kong stock market evaporated overnight.
The next day, half of the wealth was evaporated again, reaching a new low since the beginning of Hong Kong's market.
In Ling Shizhe's remaining memory, the stock market crash lasted for more than three months, and Hong Kong is now full of mourning, countless Hong Kong citizens have committed suicide by jumping off buildings, and countless Hong Kong tycoons have gone bankrupt, becoming destitute and responsible overnight.
Hong Kong's law and order has also deteriorated rapidly, with smashing and looting everywhere on the streets, and Ambrella's directly operated stores in Hong Kong have also been affected.
In broad daylight, a group of thugs used crowbars, wrenches, pipe wrenches, steel drills and other tools to pry open the door of the directly-operated store, looting all the goods inside, and setting fire to the store when the gangsters left.
The British government in Hong Kong did nothing in the face of Hong Kong's poor law and order, and even contributed to the troubles behind it, but they soon tasted the bitter fruits.
As long as a discerning person can see at a glance that the unprecedented stock market crash experienced by Hong Kong this time is clearly **, it is a sheep shearing behavior carefully arranged by the British, but no one in Hong Kong thought that those British people would be so ruthless this time.
In the Ling family mansion, Wang Haihua told Ling Shizhe in an extremely angry tone: "Ling Shao, since the end of World War II, the rapid development of Hong Kong's economy is all due to the efforts of Hong Kong people.
With so many wealthy people in Hong Kong going bankrupt and so many companies going bankrupt, those heroic companies are just coming to harvest afterwards, so that they can pick up a big ready-made, hoping to return to the pre-World War II era when British-funded enterprises ruled Hong Kong's economy.
But we all know that this is simply impossible, and whether or not this stock market crash occurs, it is a historical trend for Hong Kong people to become the main body of Hong Kong's economy.
What the British didn't expect was that the people of Hong Kong have now fully understood that this was completely done by the British themselves, so many people who were angry because of bankruptcy frantically attacked British-funded enterprises.
Ling Shao, you see, this time the British government in Hong Kong will lift a stone and shoot itself in the foot. ”
"Won't the British send troops to suppress and protect their businesses?" Li Li asked.
Wang Haihua sneered: "Suppression? Hmph, if the British dare to use the army, the PLA will immediately cross the river, and then the British will immediately end their rule in Hong Kong. ”
As soon as Wang Haihua said this, the Ling family was stunned, "The People's Liberation Army will come, no, if they come, Hong Kong will be finished." ”
"Oh, what kind of cultural revolution is being carried out in the mainland now, I don't know how many people have been killed by them, even their own people are not spared, this time our Ling family will finish playing, Dad, why don't our family leave Hong Kong?"
Ling Zhigao threw the crutch in his hand to the ground and scolded: "Shut up, look at what you guys look like, shut up all of them, and listen to what Professor Wang has to say." Professor Wang, go ahead. ”
Wang Haihua took a sip of tea and cleared his throat, and continued: "The mainland knows very well why the Hong Kong stock market crash is so miserable, this is caused by the British themselves, the masses are frantically robbing those British-funded enterprises, listening to my leftist colleagues, the mainland has issued a warning to the British, if the British government in Hong Kong sends troops to suppress the people of Hong Kong, and the British cannot restore law and order in Hong Kong in the shortest possible time, then the mainland will be forced to reconsider the time and method of reclaiming Hong Kong...... This sentence was said by Premier Zhou himself. ”
Gao, this trick is really high, Ling Shizhe secretly admired, this time the British have to suffer, now Hong Kong is so chaotic, if you don't send troops to suppress it, it is impossible to restore law and order in a short time, but the mainland clearly proposed that the British are not allowed to send troops, so if the British want to calm down the situation in a short time, they have to send the police.
Who are the police forces in Hong Kong? It seems that Hong Kong's Independent Commission Against Corruption will soon be established, and the good days of the four detectives and gang bosses are coming to an end.
Obviously, the police force will not play a role in a short period of time, and if they want to calm down the situation in a short period of time, there is only one trick called heavy bleeding, so that the British can reap all the benefits during the Hong Kong stock market crash, not only must they all obediently spit it out, but they also have to cut off a piece of meat on themselves.
How dare the British do it? Hmph, the mainland has already released cruel words, it cannot send troops to suppress it, and it is necessary to calm down the situation as soon as possible, otherwise they will send troops, resulting in the fact that Hong Kong will return ahead of schedule.
On 20 November last year, the United Nations crossed Hong Kong and Macao from the list of world colonies, recognizing that Hong Kong and Macao were not colonies, but Chinese territory.
With this legal hat, the mainland sent troops to take back Hong Kong during the most chaotic period, which is justified, and no one in the international community can say anything.
The British, who had been playing with fire all day, had finally burned to their own heads, and the Governor MacLehose did not know how anxious it was.
Sure enough, seven days later, the British came up with a rescue plan for the Hong Kong stock market.
As soon as the news came out, the confidence of the whole Hong Kong people was greatly boosted, and soon a large amount of money was invested in the stock market, and the police also took to the streets to start maintaining the continuity, and the government began to arrest many Hong Kong triad elements with heavy punches, and the entrances of the lobbies were swept to pieces.
Those policemen were obviously greeted by people, and they knew that these British people were really moving, so they didn't dare to fish in troubled waters, and they were all honestly on duty on the streets, so that the law and order in Hong Kong quickly improved, people began to go to the streets, and shops opened for business, as if everything had recovered.
But Ling Shizhe knew that this was just the beginning.
Only those who know anything about finance know that the Hong Kong stock market is still in a sharp decline, and it is not a good time to enter the market to save the market.
There is no way that the British are too ruthless, the Bretton Woods system has collapsed, and the world's economy is experiencing a stock market crash, but the stock markets of all countries are not as ruthless and tragic as Hong Kong.
It is not a wise move for the government to put a large amount of money into the stock market when the stock market is still falling sharply and has not yet fallen to the bottom, because there are too many bubbles in the stock market, and not only will it not help to go in, but it will slowly suck the blood of the British people like sucking blood.
However, this attracted financial predators led by the United States, who frantically surrounded all over the world like sharks smelling blood.
Among them is the newly established quantum fund of the United States, Soros is quite shrewd, knowing that the British have to save the market, otherwise the PLA will be stationed in Hong Kong if it continues, and the situation that the British are now facing is either to cut the flesh or lose Hong Kong forever.
The British were forced to choose the latter, and Soros knew that his opportunity had come, and he wanted to dig a piece of meat from the British.
Not only speculators from the United States, but also speculators from Canada, Iceland, Norway and other European countries have wantonly shorted Hong Kong's stock index.
In fact, as early as when Soros established the Quantum Fund, Ambrera signed an agreement with Soros, and Ambrera invested a sum of money to be managed by the Quantum Fund, the purpose of which was to short the Hong Kong stock market.
This investment has been quite successful, and at present, Ling Shizhe has earned almost 500 million Hong Kong dollars in cash, and now the Hong Kong British government is forced to enter the stock market, and Soros and they have begun to cut the British.
Ling Shizhe really admired the prime minister, and he released a sentence, which made all the calculations of the British people for many years go down the drain, and not only did he spit out all the meat in his mouth, but he also watched the Americans come to cut the meat on their bodies again, but he couldn't do anything, he could only watch.
There is no way, the American father can't afford to mess with it, although the gold dollar has disintegrated, but the British still need the help of the Americans in many places in order to maintain their position in Europe.
After Ling Shizhe restored law and order in Hong Kong, he left Hong Kong for Canada, and he came here to see how "Transformers" sold in North America when the gold-dollar crash.
Alison took a sales report and reported to Ling Shizhe: "Boss, you guessed right, as soon as "Transformers" was put on the market, it caused a storm and attracted a lot of Hollywood predators. ”
Seeing that Ling Shizhe's face was expressionless, Allison continued: "However, the Bretton Woods system has collapsed, the global stock market has plummeted, and the attention of all the media in the United States has shifted from "Transformers" to the collapse of the gold dollar, and the current situation is very favorable to us." ”
"How much has the crisis affected our business?"
Alison pulled out a few more sales reports and said, "There are a lot of impacts, and it's good news for us, at least for the time being." Boss, the pressure on our chip supply is not so great. ”