Chapter 104: The Collapsed Economic High-Rise
Christopher is an ordinary worker, specifically an ordinary worker who lives in New York and has a little money.
His "small money" does not come from his meager salary, but from a method of making money that "makes sure you don't lose money" - stocks.
Yes, the United States is now in rapid development, whether you understand financial knowledge or not, and you don't even need to understand what the stock market is and what stocks are, but if you invest some money in the stock market, it can bring you back high returns in an instant.
So Christopher, like many Americans, started cautiously investing a little, and after receiving high returns, he began to invest more and more, until he invested all his net worth in it, and in this way, he had a little "little money".
What, you ask how you live and eat when you invest all your money?
Isn't that simple? Isn't there a bank, a loan?
Today is Thursday, and Christopher, who has a little "little money", eats a hot dog bought with loan money and drives to the New York Stock Exchange with a car bought in installments.
He didn't understand what the colorful lines on the stock exchange meant, but it still didn't stop him from going around every day to see how much money was getting more and more β it felt great, didn't it?
Today too, Christopher arrived at the door of the stock exchange hall, parked his car, swallowed the last of his hot dogs, and walked into the exchange hall.
After greeting a few familiar people, Christopher sat down in the seat he had been sitting in.
Gradually, there were more and more people in the hall of the stock exchange, talking loudly about where the gold had been sold last night, and guessing how much money they would make today.
They come from all walks of life and come from different races, but they all have one thing in common at the moment - they all have expectant and greedy smiles on their faces.
With the hands on the watch ticking to 9:30 o'clock, the long-awaited opening time has finally arrived.
It's a pity that although the opening time is as punctual as ever. But the colorful lines did not go up as usual, but all of them fell down abnormally.
For a while, the originally lively securities trading hall became a sound of needles falling.
Christopher didn't know why everyone was quiet, but a bad feeling came over him.
"Hey, what's going on? Why is everyone not talking? Christopher asked strangely to a person next to him.
"Oh God......" The man didn't answer him, but just looked at the line that was still going down frantically.
The silence was soon broken - a man fell to the ground, holding his head and weeping bitterly.
The others seemed to react at this time, expressing their fear and disbelief in various ways.
They either cried loudly, or they didn't say a word, or they scolded loudly, or they smashed everything around them.
The horrific sight startled Christopher, who thought he had strayed into an insane asylum instead of a stock exchange.
But he quickly understood whyβhe saw on the statement that his money had gone from six figures to five figures.
"What's going on here? What's going on with this TM?! Christopher also went crazy, and he pulled a stock exchange staff member and roared.
"How do I know?! I don't know?! I've lost all my money, too! The staff member roared in the same veil.
"What should I do?" Christopher collapsed to the ground.
"What to do? Throw it away! Before you fall to the bottom, hurry up! A man next to him said kindly to him, and then squeezed towards the overcrowded trading desk.
Seeing this, Christopher also planned to squeeze in.
"No, no, no! Can't be thrown! The other grabbed Christopher, who was squeezing in, and said, "If you throw it away, there's nothing!" There is still a possibility of rising back if you keep it in your hands. β
"Yes, you're right!" Christopher seemed to grasp a life-saving straw, "It was just an accident, it will definitely come back!" Haha, just let these idiots throw it! β
Obviously, it wasn't just the two of them who thought so, a large part of them also thought it was just an accident, and they gradually calmed down and then began to taunt the people who sold the stock for not being able to hold their breath.
It was October 24, 1929.
As if to confirm that they were right, the stock was still falling the next day, but the situation had begun to gradually level off. On the third day, the stock even started to rally.
Many people who sold their stocks began to try to buy again, and they were not willing to lose so much money.
But God seemed to play with them, and after these people began to buy again, the stock market ushered in another sharp fall on the 29th, and within one day, more than 16 million shares were sold off, and the stock price plummeted by 40%.
And the people who originally ridiculed others for not being able to hold their breath couldn't hold their breath themselves, and they frantically poured into the stock exchange, throwing out the stocks in their hands that were originally worth thousands of gold at the price of cabbage, and these people naturally included Christopher.
Christopher, who finally squeezed into the crowd and threw away the stock, looked at the pitiful thousands of dollars in his hand and couldn't cry.
This money can't even be repaid for the loan, and it looks like I'll have to work hard for a while, Christopher thought helplessly.
Leaving the stock exchange gate, Christopher drove towards the factory with "enthusiasm for work", he had never been so eager to work.
But Christopher was surprised by the sight on the road, as he saw many people holding signs looking for jobs on the way to the factory.
Is it a talent exchange conference today? No matter, it's not like I don't have a job anyway! Christopher thought.
However, when he arrived at the factory gate, he understood why so many people were suddenly looking for work on the street, because there was no security guard standing at the gate of his factory, but a closed gate and two seals on it.
"Bankruptcy liquidation?" Christopher's face turned pale as he read the words on the seal.
Today is not a damn talent exchange conference, but the end of the world! He remembered the unemployed people on the streets, and now he was one of them.
And losing his job at this juncture is a huge blow to Christopher, and he has lost his job and has no way to repay the bank's arrears.
There can only be two outcomes if this continues, either all his assets will be mortgaged and repaid, or he will go to jail and squat.
He drove home in a daze, thinking that he was alone.
But he didn't get what he wanted, and it was rare that his wife was at home today, which made him feel a little bad.
"Christopher, I'm unemployed." His wife said to him sadly, "In the future, the family can only count on your salary alone." β
"Huh." Christopher smiled wryly, "Coincidentally, I'm also unemployed, and the factory I work for is bankrupt." β
"Oh my God......" his wife opened her mouth in surprise.
"What the hell is going on here? Why did the world change all of a sudden? Christopher looked up to the sky and sighed.