Chapter 1407: Financial Turmoil

The United States has no intention of concealing that it cannot hide that the fact that New York is being attacked cannot be concealed, and hundreds of thousands of people in New York cannot be completely shut up, plus the stock market, financial markets, and even banks, they must not open their mouths, and what the Americans want to do is to delay this time, and strive to slowly break out when the dignity and humility are more sufficient. As long as there is a month, or even half a month, the most critical problems can be solved, at least most of the data can be restored, and it is already possible to deal with ordinary people, although the losses are still there, but they will not be aggravated.

The United States has enough background to support this crisis, but China did not give them this opportunity, and China's actions were strongly supported by the Allies, and the war entered its fourth year, and more than three years have passed in the whole year, and both the Allies and the Entente have suffered huge losses.

The United States is an important foundation of the Entente, just like China's role in the Allies, and if the United States is not resolved, it will never be able to win the alliance.

For the Allied countries other than Germany, if they are allowed to directly confront the United States, they absolutely do not dare, in fact, in the current state, Germany is almost single-handed, resisting the attack of the Entente, Austria-Hungary and Turkey combined, barely resisting a half-crippled Russia beaten by the Chinese, this is still with the support of China, a little stronger Austria-Hungary and Turkey.

Historically, these two countries have made no contribution to the alliance, and even dragged their feet, Russia, which was beaten by the Germans, easily beat them, this world, because of the emergence of China, Turkey was not weakened to the extreme in the Balkan Wars, Turkey's strength is still some, Austria-Hungary because of China's advance reminder, let the Germans understand that their unreliable, just as a raw material provider, and defense, at this point, Austria-Hungary did a good job, This is what brings about a balance of power in the current situation.

The two countries did not take up the main task, but they both knew that the entry of the United States into the war became a turning point in this war, and Germany did not have the ability to overwhelm Britain, France, Russia and the United States, and when Germany could not support it, that was the moment when the Allies perished.

At the critical moment, the United States provoked China and let China join, which greatly increased the chances of victory for the allies, and even showed retaliation against the United States at the first time, and the effect was simply ferocious.

The United States is a country of immigrants, most of the immigrants come from Europe, and European countries, there are inextricable links, for the yellow race, to penetrate into the American society, it is almost impossible, for Germany, Austria-Hungary and other countries of the white race, it is very easy, even before the war, when the restrictions between countries are not strong, send a few dead rooms, lurking in the United States, this is not difficult at all.

This is not for them to take the risk of getting the situation, in various places in the United States, quietly walking around some real messages, which will not leave any evidence at all, once the trend starts, how can the United States have the time to find these.

The actions of the Chinese are only the most basic, plus the allies, it is simply a storm, this news spread throughout the United States for the first time, even if it is a foreign devil here, the three people become tigers is also a wise saying, not to mention, it has begun to spread New York refugees, bringing more real news.

The U.S. government can't control all the refugees, at most they coerce and induce them not to leak the news of New York, but now, with rumors flying all over the place, they have a lot of pain in their hearts, and they didn't say it first, no matter what, it can't affect them.

True and false, this kind of shock has left Americans at a loss, but with regard to the banks and their own deposits, they are already in a state of extreme tension, and originally, with the efforts of the US government, they may be able to ease the threshold of this crisis, and the actions of the Allies are tantamount to completely detonating this, and it can no longer be stopped.

Itself, in the wartime, the wealth of the people is shrinking, the United States and most of the Allied countries, for the sake of war consumption, in fact, are exploiting the wealth of the people, although now, the currencies of various countries have not depreciated, but the preparation for depreciation has been done, once the war is over, whether it is the victorious country or the defeated country, it must be the same, depreciating the currency.

Even in many countries, without currency depreciation, the use of supply imbalances for exploitation, the United States into military control, all aspects of the rationing system at the same time, will also list special stores, some usually very common, even rotten street things, in these stores, but the goods are in demand, the price is quite high, in this case, the spirit of the people is in a high degree of tension, and now there is such a news that cannot distinguish the true from the false, no one knows, what will happen. The good news is not fast, but the bad news is spreading almost everywhere, and more and more people are paying attention to all this.

One person said, maybe the steady will not believe it, two people say, the insistence in the heart will be shaken a little, plus some people use practical actions to verify the truth, and even some people really can't withdraw the money, a large-scale panic finally began, and the run also began.

The place of the run is not New York, because New York has been destroyed, but from big cities to small cities, so the trend began to spread, in the various branches, there are also information materials, but the destruction of the data of the head office in New York, directly reduced the liquidity between banks to the minimum, itself the head office is to play a role in liaison, most of the non-local withdrawal and other behaviors, need the head office to transfer data, although this part of the data is not much, but there are a lot, some old, or abnormal projects, all need to go through the head office, This proportion is not much, around 10 percent, but where ordinary people are, 10 percent is already a lot, and one out of 10 deposits cannot be obtained.

This is no longer a small amount, one to ten, ten to hundred, no one dares to guarantee that they will be able to withdraw money, American banks, but not national banks, all are commercial banks, they are bankrupt, most of the big banks, by virtue of credit and other relations, can barely stabilize depositors, but more, but because of huge losses, and stop paying, so the trend is even more terrible.

In two days, the run has swept the entire United States, in this Wall Street has been hit hard, especially a large amount of gold has been consumed, the United States can only issue additional currency, but a little smarter depositors will exchange gold, all bank-related enterprises, have inevitably suffered a huge impact, as if it is the end of the world, the chain reaction is increasing wildly.

On the seventh day of the attack on Wall Street, at least 32 banks in the United States declared bankruptcy, and the bankruptcy of many banks intensified the run, which became more and more intense, and even the big banks could not bear it, and the chain reaction began to appear and intensified.

The U.S. government came forward to appeal to the people to be reasonable, but unfortunately the actual losses appeared, and when they became more and more intense, few people were able to stabilize their emotions, especially when the vast majority of banks announced that they would give up the fixed interest rate with the exchange of gold, the dollar plummeted, and the ratio of the dollar to gold fell from $20 an ounce to $200 an ounce, an almost tenfold decline, which is simply a savings for several years for ordinary people, and suddenly came to naught.

This is not the US government, nor is it the exploitation of the people promoted by the American capitalists, it is a combination of a run and bank bankruptcy, but this non-guiding spontaneous trend has dealt a huge blow to the United States, and the entire United States has been covered up by this turmoil, no one has the heart to go to work anymore.

In itself, because of the attack on New York, a large number of losses, resulting in a decline in the added value of American industry, there may not be a way to complete the orders that have been signed in 1916, which is a huge blow to the war situation of the Entente countries, not only the arms that should be increased cannot be increased, but also the arms that should be guaranteed to be supplied cannot be increased.

The Entente was facing the Central Powers, because of the strength of Germany, which was already in a state of collapse, especially the offensive of submarines, a large number of continuing supplies were sunk, and it was easy to replenish them, New York was attacked again, and now it is a national run, banks and industry are in danger, workers are in no mood to go to work, industrial production has fallen by at least 7% compared to a week ago, if this situation continues, without China and Germany attacking, the United States will be finished.

Even if the United States estimated the result as much as possible, but the result was so painful, they really did not expect that the loss of finance and the stock market would turn into a storm, and even affect the entire United States, especially the most stable industrial field, if this matter is not personally experienced, they will never believe it.

At this moment, even the US government has no mind to put it on Cheng Biguang's fleet, let alone in the war, if the industrial situation of the country is unstable, if this trend continues, this war really can't continue, at most two years, the United States will definitely swallow up the consequences of defeat. (To be continued.) )