readx; Although the bubble economy in the United States has achieved great results, the tricks of Wall Street bankers seem to have been completely penetrated by the Chinese Empire. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

The Chinese Empire has always seized the initiative.

This has led to the direct bursting of some of the intentions of the bubble economy, and although the effect is not entirely ideal, it is no longer possible, and the current economy is no longer very supportive.

Although the Fed can print more votes, there is a backlog of goods in many industries, and a large amount of money must be released to maintain the survival of these companies.

The more you put out, the more you don't actually get it.

Even if they owe $100 million and the actual assets are only $1 million, the bank can only take away the millions of dollars in assets, but the other assets cannot be collected.

So where does all this money go?

Naturally, the money was left in the hands of other companies and workers, but it was not money owed to the bank.

And these companies and private individuals get the money, and they owe less money to the banks, which means that if the US banks continue to lend a lot, then the people will owe them less.

If you want to raise it, you will kill it, and the US economy has been raised to a certain extent, and it is impossible for the bankers on Wall Street not to slaughter it.

So, after careful deliberations, the Federal Reserve suddenly raised lending rates on October 26, 1929, and at the same time American banks began to restrict lending.

In the past, it was easy for companies in the United States to get loans, as long as they applied for it, they could have it.

The same is true for the American people, as long as they take out loans, the banks give them very easily.

Since October 26, companies and people in the United States have suddenly discovered that it is not so easy to get money by applying for loans at banks.

Many Americans were still counting on bank loans to get by for a while, and suddenly the banks stopped lending, and the market reacted directly.

A large number of businesses have declared bankruptcy.

Without the support of the banks, those businesses would no longer be able to sustain themselves.

Many of these bankrupt companies are listed companies, and the bankruptcy of these companies has greatly affected investor confidence in the US stock market.

At the same time, many American companies during this period were speculating in stocks.

They take loans from banks and then use the money to buy stocks.

Suddenly, the bank stopped lending, and it was time to collect the debt, so they could only frantically throw out the shares that the company bought.

At the same time, the Fed suddenly raised interest rates, and those bankers knew about it, and they were involved in the stock market, and they had quite a few stocks in their hands.

These big dealers started to dump first, and then those companies started to dump.

As soon as the New York Stock Exchange opened on the 26th, it fell like an avalanche, and there was a painful sound in the stock exchange, and people frantically threw out the stocks.

At this time, the stock price of the U.S. stock market is five times that of five years ago, which shows the extent of the bubble.

For five consecutive days, every day is a down limit, or a similar drop limit.

On the fifth day, more than 16 million shares were sold off in a single day, and the average price of the 50 major stocks fell by nearly 40%. Overnight, the "boom" was in vain.

Then a full-blown financial crisis ensued: a large number of banks failed, businesses went bankrupt, the market was depressed, and production plummeted; The number of unemployed has surged and people's living standards have plummeted; Agricultural prices have fallen, and many people are on the verge of bankruptcy. An economic crisis of unprecedented scale has finally erupted.

However, all this was expected by the Wall Street capitalists, and the banks that failed were just the foreskin banks of the big banks, a substitute existence, and the big banks were hiding behind and preparing to close.

This is one of the methods used by the capitalists of Wall Street in the United States, who have done it several times before, and are therefore very experienced, and have built up a whole set of things in the financial system to cope with this economic depression and to facilitate their acceptance of real estate in the United States.

What is money, money is nothing more than a pile of waste paper.

What is really valuable is the real estate, the land, the roads, the power stations, the mines, the factories...... Everything that is valuable, the bank wants, and will never sell it easily, and even if it is sold, it will only be sold at a high price when it meets the rich man, and then the economy of the country where the rich man is located will collapse, and those things will be taken back.

Just like now...... For Wall Street bankers, it's a harvest season, a fruitful one.

As the boom vanished overnight, the stock market opened the next day with an avalanche of downward swings, and not everyone reacted on the first day, so the next day all the U.S. stockholders went crazy and sold their stocks.

This has exacerbated the decline in the stock market.

At this time, the American political axe finally jumped out in a pretended manner, shouting to save the market.

But soon, the American political axe was defeated, claiming that it was unable to do anything about it.

The decline in the stock market slowed slightly during the U.S. bailout, and some stock holders began to wait and see, or followed the political axe and began to buy the bottom.

Outcome...... It's a cheat! The quilt is tighter.

Outside the New York Stock Exchange, there were people jumping off the building everywhere, and more than two dozen people jumped from a height in one day.

They were really desperate.

Their wealth was gone overnight, and the people who jumped off the building were generally investors who owed large sums of money.

When stocks fall to the bottom, there are opportunities for individual investors.

Because in this economic crisis, those valuable companies are also swept to the end, and the shares of these enterprises are precisely the goal of the bank, if individual investors can buy the next batch at this time, even if the bottom is not successful, but as long as the price is low to a certain extent, it is valuable. Because the price of these stocks will inevitably rise in the future, and they will pay off handsomely by then.

Such examples are not uncommon, as in the credit crisis that followed.

It's just that this economic crisis is unprecedented, and many bottom-buying investors, in the face of a prolonged depression environment, many will lose confidence, so that Wall Street bankers will succeed.

For Wall Street bankers, they can get the economy back whenever they want, just to see if they're satisfied.

Wall Street bankers at this time were very greedy, and they would never say that the recession would last only for a year and a half.

At this time, the Chinese empire was also paying close attention to the process of economic collapse in the United States as a reference.

Compared with the United States, the Chinese Empire is the first time to engage in such a model, so the experience is not too sufficient.

The Chinese Empire sent a large number of economic observers.

These economic observers brought back a lot of valuable lessons and summarized some issues that should be paid attention to when the economic crisis erupts.

In response to these problems, the Chinese Empire began to lay out solutions.

The economic crisis in the United States first affected Germany, which received large sums of money from the United States in 1924 after the implementation of the Dawes Plan, and Germany used it to pay war reparations to other countries. This excessive dependence on the United States became the main reason for the unstable German economy. As soon as the United States "catches a cold", the German economy will "catch a cold". At the same time, it has also made the latent crises in international financial relations obscured by the illusion of seemingly strong credit relations.

Then the economic crisis spread to the United Kingdom, France and other countries.

On the one hand, the United States is frantically dumping surplus commodities into the world, and on the other hand, it is frantically destroying surplus commodities, a large amount of grain is burned as fuel, and a large amount of milk is poured into the river.

This practice is very incomprehensible to ordinary people, why destroy it? Now that the economic crisis has arrived, and people are running out of food, why not give food to those who can't eat?

But in reality it is also an approach that has to be taken, because if these goods are not destroyed, the US economy will be dragged into the abyss.

Although the economy has collapsed, it does not mean that all factories have closed, and the number of unemployed people is at most 10,000, but if these goods are not destroyed, then it will lead to the majority of them losing their jobs, because if these surplus goods flood the market at low prices, then it will create a terrible cycle of evil.

On the one hand, the United States destroys surplus commodities internally, and on the other hand, it frantically dumps surplus commodities on other countries in order to preserve its own economy and at the same time drag the economies of other countries into the abyss.

Naturally, the Third World Alliance could not completely stay out of this great economic crisis, and as soon as the US economic crisis broke out, the export industry of the Chinese empire was suddenly hit by a near-devastating blow.

The economy of the Chinese Empire was in a very prosperous state, so it was impossible for exporters to dump goods into the world like the United States.

As soon as the economic crisis came, most of the export industry of the Chinese empire was directly stopped.

Things can't be sold, and the dumped goods from the United States are coming.

Soon after the outbreak of the US economic crisis, all the high-ranking members of the Third World Alliance urgently launched anti-dumping plans, and the tariffs were raised by a large margin.

Tariffs on most of the goods dumped by the United States into the world have been increased tenfold to fifty-fold, while more and more goods are included in the anti-dumping list.

The Third World Alliance took the lead in raising tariffs on U.S. goods, and the list of anti-dumping goods released by the Third World Alliance also provided a reference for other countries.

For the sake of their own economic considerations, other countries have followed the example of the Third World Alliance, and many countries have directly taken the list of anti-dumping goods from the Third World Alliance and then directly raised their tariffs.

The "Third World Alliance Newspaper" described the United States as the "god of the world's plague."

The capitalists on Wall Street were very happy to enjoy the joy of harvest, and the Chinese Empire was not far behind, taking the opportunity of the collapse of the American economy, the foreskin banks of the Bank of East China in Russia directly stopped the supply of funds to the Russian economy.

Russia's Kuibyshev Stock Exchange was directly released on the same day, and the terrible economic crisis also directly befell Russia.

The Yankees are destined to carry this black cauldron.

(To be continued)