…… Who is shorting US? "America is not a sheep! In the following rest day, the news of Europa's 680 million pound airdrop of American agricultural products was like a scythe in the hands of a demon that was wildly waved throughout North America, and dark clouds were over the United States of America. After the deflation of gold and silver concentration after the European war, the unlimited indulgence of credit transactions, the weakness of the purchasing power of old Europe, the artificial magnification of the emerging Chinese market, the dumping of grain by the Soviet Union, and other factors, the weakness and powerlessness of agricultural products finally led to a mere $3.2 billion empty order that became the straw that broke the camel's back.

The impact is beyond words!

April 21. Before the market opened, it was already crowded outside the New York Stock Exchange. A lot of people got the news to sell their stocks, they don't believe in the phone anymore, and would rather drive hundreds of Chapter 637 Big Turn! kilometers are also coming to sell the stocks in hand. Fei Owen, who was the first to rush to the exchange, and his partners witnessed an unprecedented dark week in the history of world securities!

In the first second after the gong sounded, all stock prices rushed down like a flood water, 6 million shares were sold in just one hour, and the New York Times and the Dow Jones Industrial Average all fell 20%. By the end of the afternoon, the turnover rate had reached 13 million shares! In this way, the infamous "Monday Ghost" is forever recorded in history!

On April 22, the situation continued to deteriorate, and the stock index fell by another 31 points. President Hoover, who had just taken office and was still over, couldn't sit still, and immediately summoned U.S. bankers such as Merlin and Morgan to bail out the market, and the capital predators, who had already made a lot of money, pretended to raise $200 million, and even CIC took out $30 million to join the bailout fund.

On April 23, the bailout fund published a "declaration of conscience" of the capital predators in the New York Times. Waynie himself went into battle, and the stock index began to rebound strongly in this stimulus. But the building is about to collapse, and only $200 million can't support the crazy outpouring of orders, not to mention that there are still many stocks thrown by the predators themselves, so the stock index has a big turn according to Chapter 637! It fell by 16 points.

On April 24, in the face of an avalanche of falling stocks. The new US President Herbert Hoover delivered a national speech in which "the production and distribution of goods by American enterprises is based on sound and prosperity, and the fundamentals of the US economy have not changed," in an attempt to stimulate a new round of investment. However, the market slapped him the next morning. That day. The New York Times fell 49 points, and the Dow Jones plunged 38 points, or 13% for the day.

After this day, no one dared to come forward to save the market...... On Saturday, the 25th of the month, the darkest day arrived. Because investors were worried that there would be another major negative news on the rest day, only 10 minutes after the market opened, the selling tide was surging even more violently than the Verdun meat grinder. Everyone is selling stocks regardless of the price! The trading floor is in chaos! Faced with the terrible sight of dropping 80 points in an instant, the so-called stock tycoons who initiated 100-fold investments through credit trading finally couldn't stand the stimulus, and some even jumped off the tall skyscrapers.

By the end of the day, the stock index fell from a peak of 386 points to 280 points, a drop of 23%, and the total amount of 16.87 million shares and $920 million on that day became a record high. The Great Depression has officially begun!

There were no struggles in the following weeks, and by May 13, the Dow Jones Industrial Average had fallen to 190 points. Drop of 51%! Tens of billions of dollars have been evaporated! Although there were several rebounds in the middle, especially after Yang Qiu's visit to the United States, the stock index once recovered to 290 points, but then there were 6 sharp falls, and by the end of 1931, the Dow Jones index was only 40 points! Shares of important U.S. Steel fell from $262 to $21 per share, and General Motors fell from $92 to $7. The worst thing is that Marconi and other American radio companies, these stocks have not rebounded when some people deliberately shorted them. By May 1930, Marconi shares had fallen from $78 before the crash to 35 cents!!

The crazy credit trade of buying $50 or even $100 with $1 went bankrupt and wiped out the millions of middle-class people who made their fortune on stocks! Millionaire suicides were reported daily, and tens of thousands of companies were declared bankrupt due to broken capital flows, and in just three months to the end of June 1929. The number of workers who lost their jobs due to the stock market crash was as high as 5.4 million!

Someone jumps off the building, and someone is ecstatic! Although only $200 million of the London short orders belong to CIC, and the rest belong to Rothschild and other European Jewish groups, under the effect of leveraged trading, the 200 million short orders still bring a full return of $850 million to CIC! This return makes the losses in the frenzy of US orders insignificant.

In the weeks that followed, the terrible Wall Street storm began to spread to other countries, with major exchanges such as London, Paris, Frankfurt and Tokyo plummeting. But this plunge is very different from that of the United States. More importantly there is a psychological effect, as well as concerns about the contraction of the country's export industry, and of course more of a speculative factor.

Pei Zuyi's continuous news and falling indices made all the people who originally thought that Yang Qiu was a little exaggerated shut up, and even Li Yuanhong, who was worried that he would not be able to step down in peace, temporarily put aside his troubles and studied all day long how to use this opportunity to get the technology and equipment that the country urgently needed, and even many experts in the National Science and Technology Alliance (Longmeng), which was gradually becoming famous, were invited to raise their knives and forks around the map of the United States to excitedly discuss what to do with that company or that research institute.

On the contrary, the old European capital predators led by the Rothschilds did not end the harvesting operation after harvesting tens of billions of dollars, while encouraging international capital to flee the United States frantically, taking away countless gold and silver to complete the largest sheep shearing operation in history, and at the same time setting their sights on the world's second largest nouveau riche!

At the end of May, this whirlwind finally blew to Shanghai. After several small declines at the beginning of the month, the Shanghai stock exchange suffered its first plunge on May 29, and foreign capital and banks from all over the world entered after the silver crisis to short China, threatening to pull down the world's second-largest nouveau riche. By June 7, the Shanghai Stock Exchange's industrial and commercial index had fallen by more than 20%! In addition to the collapse of stocks, tea, raw silk, garments and other enterprises with a high degree of dependence on foreign trade were cancelled countless orders overnight, and even the most prosperous tungsten and tung oil exports came to an abrupt halt. After the "Shanghai Communiqué", the three major pricing powers of tungsten ore, tung oil and raw silk, which were controlled by the Republic of China relying on huge resources, also plummeted for the first time, and the prices plummeted by 40% in just two days.

In the past, it was said that the market of the Republic of China was difficult enough to be disturbed by the Great Depression, but in fact, unless the country was closed, foreign trade and opening up gradually increased as the country embarked on the road of capitalism. In particular, after trade with the United States accounts for more than half of all foreign trade, many industries are also facing the danger of recession.

The international capitalists continue to revel, and domestic speculators follow the wind after the silver crisis! Overnight, the golden decade after the European war seemed to come to an end. It was at this time. Yang Qiu's special plane also slowly landed at Hongqiao Airport.

Zhang Wenjing and Xu Xiujun, who came in advance, waited for him to get in the car and immediately took out the report: "The stock index has dropped to 257 points, down 2%. In the futures market, some people specialize in shorting soybeans, silk and tung oil, and there are 1.7 billion orders to sell. Minister Yan Xishan met with Shanghai's industrial and commercial circles yesterday, and the directors of various banks and the general managers of various groups were on their way here. Shanghai has already mustered together 200 million yuan to prepare for action. Zihong and I calculated that as long as we scrape together 1.5 billion, we can sweep away all the empty orders, so that they can't eat and walk around...... Zhang Wenjing quickly said his rescue plan. But the problem is that Yang Qiu didn't say anything after reading the plan. He really doesn't look at the empty order of 1.7 billion yuan, there is no possibility of a surplus of agricultural products in the country, the only trouble is the export order of 2 billion US dollars, but this money is not indigestible internally, what really makes him fancy is the US investment of more than 4 billion US dollars in China after the silver crisis!

So he pressed down on the bailout plan and asked, "After the silver crisis, do you remember the last clause of the U.S. investment clause in China?" ”

The silver crisis was the first time that the Republic of China came into contact with international capital, and it also caused a major reversal in China's financial industry. Since then, stock futures have been divided, credit transactions have been controlled, and foreign exchange controls have cut off the free entry and exit of international capital. So as a finance minister and a central bank governor. The two of them had already collected all the details of that year in their minds, and immediately thought of the "If there is no normal operation or inability to operate for more than one year, the Chinese government has the right to automatically redeem the shares or control." ”

The eyebrows of the two jumped violently, this link is interlocked! I really want people to peel off his head and see what's inside!

"It is necessary to get the shares back, but if you don't save it, it will make the market more chaotic. It's not 18 years ago, now our industrial and commercial scale is very large, especially the scale of light industry has increased several times compared with the European war. ”

Zhang Wenjing reminded him gently, but in exchange for a long sigh in Yang Qiu's heart: "Wenjing." Know what you're most lacking? Standing at our height, we must learn when to give up and when to hold on! The financial crisis is terrible, but have you ever thought that the crisis is also an opportunity for the market to adjust itself! Just like when a person is sick, cutting off carrion is the only way to grow new meat. Only when the big waves wash the sand and squeeze out the foam can the real good things be revealed. As for the companies you mentioned, how many of them have good assets? Most of them are small and broken, and the dozens of them may add up to less than the output of a factory in the United States. Even if these factories go bankrupt now, they will rise again in two or three years when the economy improves, and they will not cause much harm to the country's economy. What we want to keep is agriculture, manufacturing, oil and energy, electricity and transportation, and other high-quality industries that involve the lifeblood of the country, so that even if all other branches and leaves are cut down, the country's economy will not be affected! ”

Yang Qiu looked out the window, his gaze was as solid and terrifying: "We have been parents for 18 years, and we have laid the national industrial foundation, how high the future building can be, it will not be long before relying on the parents' orders." It's time to adjust! Instead of bailing out the market, let the industrial and commercial circles use the money to cut down all the poor quality tea trees, subsidize the sowing of better varieties, merge the small and dilapidated textile and silk factories, sell all the factories in the state-owned enterprises except the core industries, open up energy and transportation to them, and open up postal and telecommunications to them...... The two of them were completely stunned, but they didn't expect that Yang Qiu would either not start, or he would be a dead hand! I am actually ready to take advantage of the country's economic turmoil to do such a major operation! But the two also have to admit that it is completely impossible to undergo such a major operation without harming the country's economy, and only by implementing it in this rare economic crisis can it be quickly adjusted.

The pain is only temporary, just like the tea tree, after two or three years, the better quality tea tree grows, and the adjusted and upgraded economy will be renewed! There is only one problem that they can't figure out: "It's no problem to take advantage of the crisis to reform, and it will take two or three years at most to get it back, but if we make such a big adjustment, won't we save those foreign businessmen and make them bigger?" ”

Bigger? Think beautifully! Yang Qiu hooked the corners of his mouth and smiled coldly: "Don't worry, I have asked the Ministry of Justice and the Ministry of Taxation to check the accounts by name!" All orders given to them will be cancelled by the end of the month! Unless they can pull in international orders to feed themselves within a year...... To be continued. If you like this work, you are welcome to vote for recommendation and monthly passes, and your support is my biggest motivation. )rq！！！