Chapter 526: The Great American Crisis

On the issue of the Middle East, Lin Han and Chairman Li talked about this matter: "The Middle East, a land with black gold flowing underground, is turning into a powder keg! In the coming decades, war will surely break out when the Arab countries surrounding Israel also grow muscles. ”

Chairman Li shook his head and said, "Even if there is no Israel, there will be no peace here." Oil interests, sectarian conflicts within the Muslims themselves, will only become more tragic. Having Israel as a common enemy allows them to have a common enemy and goal, and to be able to build a "united front." Whether it is your time and space or this era, the establishment of Israel has united the Arabs here, although this unity is very limited. ”

Afterwards, he also lamented to Lin Han: "The history of mankind is a history of struggle, and China cannot become like the Middle East." ”

While Lin Han and Chairman Li were talking about the Middle East, the new US President Harry S. Truman, who is separated from China across the ocean, has not been in a good mood lately.

With the end of the war, military orders fell sharply, the arms market shrank suddenly, and American industrial production fell sharply, and the so-called "wartime economic boom" ended in 1948.

Before the war, the Americans lost four fleets because of the nuclear bomb on Artura Island, and nineteen Essex-class aircraft carriers and eight Independence-class aircraft carriers were sunk. Relying on this "reason", after the war, it was officially agreed to continue the construction of the eight existing Midway-class aircraft carriers on the slipway and complete the rest of the construction work. But only these eight Midway-class aircraft carriers are still under construction, and the rest of the shipbuilding programs, whether cruisers or destroyers, have all been declared to be stopped.

The armistice of 1947 was a disaster for both the U.S. Navy and Army. The large quantities of munitions that had been made with great effort had become useless scrap metal that could not be sold. The Navy and Army, which have burned countless trainings, are facing a situation where a large number of retirements are returning home.

Continued external expansion? Although the current US Navy is still the world's largest navy, it is still stronger than Britain and Japan combined in terms of tonnage, but so what? The U.S. Navy, which has broken its backbone, no longer has the courage to fight the enemy navy blessed by the gods.

In the last five years. The sequelae of the Americans using the Heavenly Demon Disintegration Dafa to bomb warships are showing up little by little.

Because it was a pure "naval war," the total investment of the Americans in this five-year war was not necessarily greater than that of the United States, which fought in the Eurasian theater of war for less than four years in World War II. But unlike that plane, after the end of the war in this plane, the Americans did not reap any war dividends.

They can't drain the gold reserves of nations in war.

They couldn't dismember the British colonies and cut flesh.

There is no chance to blow Europe into white ground and enjoy the "dividends" of rebuilding Europe after the war.

There is no chance to establish an international monetary system centered on the US dollar after the war, and to control the money-making machine of "international money printing power".

On the contrary, the Americans paid a heavy price in this war.

The navy was wiped out again and again. More than 200,000 people died, and the process of rebuilding the navy consumed the wealth accumulated over the past few decades. After the battle of Artura, all the sailors on the escaping warship were infected with severe radiation sickness, and their medical expenses were also terrible expenses.

Even so, because the attention of the United States during the war was all at home, its share in the traditional South American market was eroded by Britain and Germany, and a large number of them were lost. After the war, these "lost territories" were recovered. It will cost a lot of effort and cost.

As for the dollar, due to the defeat in the war. The international credibility and exchange rate value of the US dollar have fallen even more miserably.

After entering and exiting the United States in 1948, President Truman felt that "this little day is beginning to become difficult." ”

Over the past year. Relying on the "demobilization economy" brought about by the retirement and demobilization of a large number of soldiers after the war, the US economy barely survived, but as soon as this wave of veterans passed, the entire United States immediately felt a cold snap.

After the second half of 1948, the economic forecasts that were summarized to President Truman from all sides were extremely unoptimistic.

"What should the United States do?"

The chatters quickly gave the president an idea.

"The state has increased investment in the production of consumer goods. Shut down some redundant military enterprises, while continuing to increase investment in infrastructure construction. For example, increase investment in the restoration of the Panama Canal, etc."

During the war of the past five years, the US government implemented a rationing system for consumer goods, restricting production and consumption, and even stopped the production of certain durable consumer goods in order to ensure the manpower, raw materials, and equipment needed to produce weapons. During the tense years of war, the production of personal consumer goods not only did not increase, but definitely decreased. Residents' demand for consumer goods is not being met. After the end of the war. This demand has become a factor contributing to the increase in the production of means of consumption.

There is nothing wrong with these suggestions, but the main problem is that increased investment in the production of consumables does not increase domestic "consumption" and "demand". To put it bluntly, this practice of using the state to run a money printing machine to increase investment and promote consumption is just another version of Ghana's New Deal, which is to borrow new debts to repay old debts, and before a new "hematopoietic point" can be found, this practice will sooner or later go into serious problems.

Another country in Europe, Germany, is a prime example. In this way, Germany was able to escape this catastrophe because first, it won the war in Europe, second, it opened up a large market in China, and third, it failed to pay its debts; so far, Germany's foreign debt of more than $40 billion to the United States in 1939 is still being relied on by them and they do not want to repay it -- recently they have relented and thought of repaying it, because the dollar has fallen miserably. Nine years ago, more than $40 billion, and now more than $40 billion, are completely different things, even if you add interest and interest to rollover, it is useless.

On this issue, the black-hearted Hannah still wants to "delay" a little longer, and only after the dollar has fallen even more miserably will Germany repay its debts.

A big hole has been clearly placed in front of the United States of America, and it cannot be avoided now. Looking at the huge pit in front of him, President Truman knew that if he did what the people said, he would only eat the grain and the donkey roll, when the economic crisis broke out. It's going to be more violent.

"When this kind of thing breaks out, it will be the next one!"

In line with the idea that friends who die will not die in poverty, President Truman, after a little hesitation, signed the "New Plan for the American Economy" proposed by the Curtain Talk.

The self-serving President Truman was ready to leave the problem to his next term, but he never dreamed of it. The crisis came much faster than he expected.

After the second half of 1948, as Truman turned on the Federal Reserve's money printing machine and began to release watermarked money, the U.S. economy temporarily stopped the downward force, the stock market began to rise, and the financial market "gradually improved".

But what kind of virtue is in the United States now, others don't know, those Wall Street financial giants. But I know it very well.

"It's the last before the end of the world!"

They know very well that in the past ten years, from the New Deal in Ghana to the "Truman Economics", the United States has overdrawn too much, and in the case of a limited market, the pressure accumulated by relying on the large-scale money printing to make transitional investments has reached a critical point of total collapse.

They didn't start shorting the U.S. stock market in 1948 because they wanted to pull a lot of capital out of the U.S. Before 1947. Because it was a time of war, the official control of the financial market was strict. It was not easy for them to withdraw, and now that the war is over and the regulations are relaxed, the opportunity has come.

Financial giants are no better than ordinary retail investors, and it is not easy to fully retreat. Truman's "new economic stimulus" was for these giant crocodiles. It's simply "when I was about to sell the plate, I met the pick-up man".

The shrewd ones first took advantage of Truman's "new economic stimulus" to start speculating on the US stock market, and these giants who controlled the US finance, media, and other fields joined forces. Blowing warm wind in the media, encouraging domestic and international hot money to pour into the United States and speculate on the stock market.

The tricks of the financial predators in the United States are all seen by old Europe. In this process, Germany and Britain also took the opportunity to secretly push it, and even the Soviet Union and China quietly put a sum of money into the US stock market, adding fuel to the fire in the early stage.

In order to "stimulate" the rise of the US stock market even more, China, the Soviet Union, Britain and Germany have joined hands in a rare way.

First of all, the British took the initiative to send a special envoy to visit the United States and make a gesture of reconciliation between the United States and Britain. When the British envoy got off the plane in Washington, he openly claimed through the microphones of countless reporters that he had come to the United States this time to negotiate and discuss with the United States again on the topic of reopening the British colonial market.

As soon as this wind came out, the domestic stock market in the United States rose wildly on the same day.

The Germans quickly followed suit, claiming that they would "renegotiate" with the US government on the issue of Germany's debt, which was also "good news"

Soon after, the Soviet Union followed suit and issued a large grain order to the United States, and China also imported a batch of grain from the United States, which made the American grain farmers smile and have more "spare money" in their hands.

Later, China, which has been mainly buying German machines, also sent a purchasing delegation to the United States to look for "investment and introduction projects". China, which is industrializing, is a huge emerging market, and Americans have long been jealous of the Germans eating meat here in the past few years. New China suddenly opened its trade doors to the United States, and the entire American industrial sector and stock market went crazy.

Throughout 1949, the U.S. stock market was stimulated by the good news sent by Eurasia to the point that it continued to rise like taking several packets of Viagra.

However, this is the last big hole that Lin Han's family, pouring gasoline on the stove and manipulating the four countries to dig for the United States.

Before the four countries successively sent out the "good news," the four countries had secretly entered the US stock market through various channels to absorb relevant stocks. After that, the governments of the four countries sent good news to the United States for the first time to "improve relations," and used the means of "political market" and "diplomatic market" to speculate on the stock market, and in addition, the insatiable US Wall Street predators added fuel to the fire, and the US stock market was a big rainbow in 1949.

At this time, American entrepreneurs and farmers also invested frantically in expanding production because of the prospect of opening up new markets in Europe and Asia. The vast majority of large and medium-sized cities in the United States have ushered in their own economic booms, and these booms are almost without exception, and they are all driven by the "good" news from abroad and the stimulus consumption brought about by the sharp rise in the stock market -- the stock market has risen for a year in a row, causing many American citizens to play "overdraft consumption" again, and overdraft consumption has in turn stimulated continued economic prosperity -- however, this kind of overdraft is like a man taking two bottles of Viagra and going to a green building, which can be extremely powerful overnight. But it's only a matter of time before you change from viagra to wilt.

By the first half of 1950, the U.S. stock market was still rising, but in the first half of the year, the funds invested by the four countries had been quietly delisted by taking advantage of this opportunity, and all four countries secretly made a lot of profits.

And Wall Street's financial giants also took advantage of this opportunity, and after the harvest was completed, they shipped with a round belly.

The crisis began in July, and problems previously masked by a false boom erupted early on this day because of a piece of news.

At the beginning of July, news came from the Soviet Union, and the Soviet government announced that the Soviet Union had achieved an unprecedented bumper agricultural harvest this year, so the Soviet government canceled the plan to import a large amount of grain and fodder to the United States.

This news immediately caused the grain futures market in the United States to plummet.

Later, the Chinese government issued a similar statement, claiming that this year was a "big year" and that China would no longer import American grain because it had a bumper harvest in the grain market.

The fluctuations in the grain futures market soon spread to the already fragile Wall Street stock market -- in fact, during this period, the Wall Street stock market, the financial predators had already shipped and cleared their positions, and those who remained here were ordinary retail investors who were still doing pre-doomsday carnivals, and the stock index that seemed to be high above was actually a crumbling and dilapidated house. As soon as the "bad news" that China and the Soviet Union did not import American food broke, an avalanche of collapse immediately occurred.

On July 7, 1950, it was another Black Friday.

The Wall Street stock market, since the opening, has plummeted.

Soon, on the Empire State Building in New York, people began to jump from the roof, proving with their bodies that Newton's gravitational pull was correct. There are also people who can't wait to walk up to the floor, and jump out directly from the window of the building on the more than a dozen floors.

Twenty years ago, the Great Depression era played out again.

At the end of this disastrous July, the bad news of the failure of the commercial and trade negotiations between Britain and the United States came again, and it poured salt into the terrible wounds of the US stock market.

At this time, for the sake of business reputation, the German side no longer wanted to rely on the money owed to the Americans. Because German economists reported to Hannah that the dollar would face another tragic outburst, and Germany could pay off the "huge debt" of more than $70 billion it had owed in the past with "very little" money -- this scene reminded both Hannah and Lin Han of the scene when India was happily using rubles to repay Russia's tens of billions of foreign debts after the collapse of the Soviet Union and the transformation of the ruble into papyrus. (To be continued......)