Yang Guangren's Renaissance Party broke up with Meng Fanyong, but if you want to talk about this matter, even if it is a stormy conversation, it will be in vain!

In fact, Li Mengyang had already seen it before, because the futures of SHANGHAI were too closely related to the stock market, and it was impossible for him to see it completely.

But however, as a traverser, although he doesn't know much about financial products such as stocks, he can't help it, he was too slingy back then, and he didn't have the money to contact these things, he really didn't understand. However, if he doesn't understand it, he can't understand it, his knowledge can kill the contemporary in seconds, he can see it early in the morning, if he continues to play like this, he will need pills sooner or later!

It's too fake, and it's obviously overheating, who can't see it?

And if you want to help, in fact, Li Mengyang also wants to help, but it's useless.

How can Li Mengyang help?

The most direct way is to spend a lot of money to buy these junk stocks that have been speculated to the sky!

What do you say to refute rumors, this and that, in fact, it's useless at all, right?

And such a stock, he ate it? He Li Mengyang is a living Lei Feng in the nineteenth century?

This obviously doesn't work, saving people and putting themselves in, isn't that nonsense, Li Mengyang is not such a virgin!

Therefore, it can only be that way, which is four words.

The market is cleared!

The market is clear, these four words are in Chinese, but in fact, this thing is translated, this concept was originally in Adam. Smith's The Wealth of Nations.

"The Wealth of Nations" is also classical economics, and economics is actually very interesting. A lot of people think. As soon as I heard economics. They came up with formulas, but they actually ......

The kind of economics with various formulas was actually done later, and it is a bit crooked, while the traditional, classical, and now popular economics all over the world actually have no formulas. On the contrary, it is philosophical!

In fact, Master Ma's doctrine is also economics, but this economics is relatively ahead of its time, two eras ahead of the "Wealth of Nations", really, because Li Mengyang knows that in the middle, there is also an economics. It's Keynesianism.

For example, Luo Yaoxiang's later life. Europe and the United States are basically Keynesianism and its variants, and our China, that is, the doctrine of Patriarch Ma combined with the reality of China, to put it bluntly, is not completely copied from Patriarch Marx, and these two economic theories clashed in the world at that time...... The characteristics, all very similar, are the strong intervention of the state!

Well, there are too many of these things, and they are too complicated, at Li Mengyang's level, he can't completely understand all these things, so to speak, if he can study them thoroughly, then he Li Mengyang will be awesome, a master-level character.

"The Wealth of Nations", the market is cleared, what is this talking about?

To put it simply, it is to believe in the market, that is, to do nothing, and now the stock market problem of SHANGHAI is to let the market solve it by itself!

Yes, it is necessary to die a large amount of capital, as for whether the investor dies or not, whether he jumps off the building or not, then I don't know.

But however, there is really only this way, and there is no other way. And in fact, the current Europe is actually practicing Adam. Smith's The Wealth of Nations!

The collapse of the Glasgow Bank with a debt of 12 million pounds!

The Bank of the West of England, with a debt of £5 million, went bankrupt!

The Vienna stock market in Austria has plummeted!

Paris, Frankfurt stock markets plummet!

This is all happening in 1878, the governments of European countries have intervened slightly, but they have not intervened strongly, everyone is practicing the "Wealth of Nations", that is, believing in the market, believing in the regulating function of the market, anyway, there is no way to pay!

What is the market?

The market is a means of allocating resources, and the market will make the allocation of resources reasonable...... This is Adam. Smith's theory, but no more than ......

Obviously, as a traverser, Li Mengyang knows very well that this theory is too idealistic?!

According to the ideal situation, it is true that the market can be reasonable like this, but is it possible to have an ideal situation?

Now, how much does the boss pay the workers?

Is it true that the value of a worker's work is so low?

But now, except for the United States, which has set a minimum wage and set all kinds of guarantees, there is nothing in Europe, and their wages are ridiculously low!

Moreover, the key in the market is people, and everyone has rationality and non-ideality, so who can guarantee that rationality and irrationality can maintain a balance?

Therefore, the person who completely believes in the market is not an extreme theoretical self-confidence, that is a big fool!

But now, everyone doesn't intervene much in this market, of course, not that there is no at all, but the intensity is very small.

To say that Li Mengyang's governance of the American Empire is a bit like Keynesianism, and it is also a bit like the characteristic doctrine of China in later generations, anyway, these two tricks are ahead of the contemporary, so needless to say, the effect is needless to say, he can rule the United States as a minority, and it is still so stable, which is really rare.

But at present, however, this matter of SHANGHAI must be based on classical economic theory, and it must be cleared up, otherwise there is no way.

Therefore, Meng Fanyong was instructed early on not to interfere in this market behavior.

But in this way, needless to say, Yang Guangren lost so much that it really made him vomit blood!

However, there is one more person who loses even more!

Who is this man?

This person is very famous in history, and it is said that this person has lost so badly, Li Mengyang can't even imagine it, because this person is Hu Xueyan!

Hu Xueyan? Isn't that a particularly famous red-capped merchant? That should be a veteran of the shopping mall, how did he also lose in this stock market crash?

It's a very interesting story, and I have to start with the beginning.

Why do you want to have a stock and futures market in Shanghai?

Because the headquarters of Crédit Bank is here, and Cameron's father is here. But why is this bank here?

Didn't the Eight-Nation Coalition sign a huge indemnity treaty with the Manchus before? That's a lot of money. Therefore, the repayment action of this money is to transfer the money from the entire Qing Dynasty, and then return it to the foreigners in SHANGHAI!

Because of the geographical location of SHANGHAI, in the middle, or the Yangtze River estuary, all kinds of conditions are complete.

Therefore, there are a lot of foreigners' banks in this place!

So why do you want to talk about it?

Because of this. That's the key, you see, there's a payment!

That's right, although a lot of the money repaid is the interest of compensation, but the money itself also has an opportunity to make a profit.

This Qing Kingdom is so big, and the money from top to bottom gathers together, it will take a while, so what is it doing during this time? Is it just here to look at the money that came first, and do nothing?

As long as it's a guy with a bit of a brain. Needless to say, naturally we have to think of something. Let this money make more money, even if it is a little more interest, the amount of this money is so huge, how many people can eat with a little more interest?

With Hu Xueyan as a smart person, of course he has to find a way, and now, what is the best way?

“…… In our humble opinion, this money is invested in SHANGHAI stock futures, which is the most profitable ......"

This is a secret fold that Hu Xueyan gave to Cixi Lafayette!

Cixi, in fact, she has never really delegated power, and Hu Xueyan is now the person who handles this huge amount of money, if he can handle this money, then he is naturally Cixi's person, this is a huge financial power, how could the Manchu Central Committee send a cat and a dog?

Then, stocks and futures are so tempting, shopping mall veterans like Hu Xueyan are moved, and he has depicted the matter of investing in stock futures, which is really a mess.

Thinking about that Cixi, an old lady in the deep palace, her cultural level is not high, and the information she can get is all given by her confidants, and Hu Xueyan is a person she trusts so much, so why not do it now?

So, in August 1878, 30 million taels of silver were lost!

This deficit is simply too huge, and it can also be seen that Hu Xueyan's guts are really fat, but in fact, there are some other reasons for this, such as Cixi, the old lady, because of the incident of the representative of the Advisory Bureau, she was not forced to step down, and on the surface she returned the power to Tongzhi, so of course she has nothing to do, then speculate in stocks!

Speculating in stocks, as far as Li Mengyang knows, there will be many uncles and aunts in later generations, they are idle and panicked, and they will play when they have nothing to do, at this time Cixi Lafayette, her mentality is almost the same, but she is Cixi, and the money she can use is not the level of selling cabbage.

This loss was too terrifying, and it directly made the two largest money banks at that time, Yuan Fengrun and Yishanyuan, declare bankruptcy!

In addition, some foreign banks are also unable to eat and walk, and the bank is HSBC, which has lost more than 2 million taels, but fortunately, they are opening a 'casino'.

But Standard Chartered Bank was miserable, losing more than 5 million taels!

In addition, there are a lot of foreign companies, what is Jardine Matheson, Jiayi foreign company...... There are many, many of them, no matter how strong they are, they will simply go out of business!

And the most interesting thing is that the Qing Dynasty didn't want to engage in the Westernization Movement before, and they didn't do much to build the telegraph, but they were also going to do something else, that is, to build the railway.

The first railway, under the intervention of Lafayette, became a horse-drawn train, and was laughed at, so it was changed and the real railway was repaired, and as a result, the money for the first railway to be repaired, I don't know who is so smart, and it was also used to invest in stocks!

It's a big deal! It's a big deal!

No one would have imagined that in the case of this stock market crash, something caused by a rumor could be so widely implicated and so serious, all this money is gone, so what should I do?

At this time, the Qing Dynasty is already dying, and now it has made such a big oolong, this is not a pill in the Qing Dynasty?

But though, Cixi is still smart...... (To be continued......)

PS: Thank you all for your support! Black car thank you!