Li Zhongxin is now waiting, waiting for the appearance of that glimmer of light, if nothing else, there will be a big stock market crash in the United States in '87 to '88.

Some time ago, Li Zhongxin asked Kujing to collect some information about the stock market crash in the United States in the twenties and thirties, and he saw that on October 24, 1929, a huge stock market crash officially began.

This day can be said to be the darkest day in the history of the United States, basically all stocks are the same, all stock prices have begun to plummet, everyone is afraid that the stock market will continue to fall, and everyone has begun to sell their own stocks. On the same day, the shares that changed hands were as high as 12.895 million shares.

In just a few days, the U.S. stock market fell by as much as 48%, and its market value evaporated by $9.5 billion. Thousands of people committed suicide by jumping off buildings because they went bankrupt, including 11 financiers.

After the stock market crashed, a vicious circle enveloped the United States for a decade.

People have suffered heavy losses, their desire to consume has been greatly reduced, and the backlog of goods is very serious. 5,500 banks have failed, enterprises have found no access to financing, and all industries have withered. Unemployment has also risen at an all-time high, with one in four people losing their jobs and 34 million people having no income and living in shambles.

In just a few years, the national income of the United States has fallen by more than half, returning to the level of 20 years ago.

Bell Phillips, a reporter for The New York Times, once wrote that those who come to knock on your door at night and beg for food "may have issued your loan in the bank a few months or a year ago, or written an editorial in the newspaper you read, or were the assistant manager of a large real estate company."

The most ironic thing is that just before the stock market crash, there was a great bull market that lasted for several years. Everyone is confident that the stock market will continue to rise and the good times will continue. People's enthusiasm for consumption was very high, and the consumption mode of installment payment became the mainstream of consumption at that time.

At that time, the most popular concept of consumption was to "focus on the present, not worry about the future". Because of the ease with which it is to take out loans, many people are looking for more ways to make money, and stocks have become popular in this context.

Whether it is up to professional practitioners or ordinary people from all walks of life, they are talking about stocks when they eat, sleep, and even when they are dreaming. There are stories everywhere that they got rich overnight by relying on stocks, and many people have completed the initial accumulation of capital by speculating in the stock market.

At its peak, even the shoe boys on the street who shine their shoes and the barbers in the hair salon bought stocks...... Among them, 90% of the stocks are supported by financing. Financing the stock market has become an important part of the U.S. economy.

However, at the same time that ordinary investors are confused by the rising stock price and think that they can make a lot of money from it. The stock market is manipulated by professional investors. Many financial people who make a lot of money in the stock market do not rely on choosing the right stocks, but on "cutting leeks".

In this way, many ordinary investors plunged into the stock market with the money they borrowed from the bank, dreaming of getting rich overnight. didn't know that he had already been played with in the palm of his hand, and he had no chance of winning.

Sure enough, immediately after the crash, the U.S. Senate conducted an investigation into the stock market and found that there were indeed serious manipulations, fraud, and insider trading.

Ordinary investors who know the truth have long regretted their mistakes, but they have no choice but to continue to live with debts.

Again, when an avalanche occurs, no snowflake feels that it is their responsibility, and in fact, no snowflake is innocent.

After Li Zhongxin arrived in the United States, although he did not go to Wall Street in the United States! However, he can feel that the United States is almost the same as it was in 1929, and people are really optimistic about the American economy at this time.

When he and Bill were talking, they also talked about some issues in this area, according to Bill, the banks in the United States are constantly releasing water out, and the money is constantly pouring into the stock market.

Americans now spend a huge amount of credit, basically everyone has a few credit cards in their hands, and even many Americans put the money in their credit cards into the stock market, using such a sum of money to earn more money for him to squander.

Americans already have the same self-confidence as they did in 1929, and they feel that the economy in the United States is growing rapidly, and now all stocks are going to rise to a certain extent, and they have not yet reached the peak of these stocks, and these stocks can still rise for a while.

Basically, residents of the United States have reached a consensus that buying American stocks will easily make them rich, and if they want to get out of the bottom of society and buy rising stocks, that is the best choice.

They are individuals, while listed companies are large companies, and large companies have teams of large companies, and they have the advantage of making money.

A few years ago, some residents bought shares of companies that were doing well, but by this time they had doubled, and some people even spent $1,000 to buy stocks, and in two or three years, the $1,000 stock had become tens of thousands of dollars.

This kind of profiteering method makes many people feel the madness of the stock market, and it is such huge benefits that make people forget the fear of stocks, and they resolutely kill it.

There is an old saying that there is no one who has always had a smooth ride, and no one will not encounter a setback in his life, and the same is true for the stock market, there is no market that only rises and does not fall.

The stock worth one yuan kept rising every day, rising to 30 yuan, and at this time everyone still thought that the stock still had potential and could continue to rise.

However, once someone sells, it will be different, and people will wake up to the fact that the stock is not worth much! The price is so high that if I don't sell my shares, they will get lower and lower.

As a result, there began to be people who lost money selling stocks, and everyone did so, and there was a trampling on each other, and finally a stock market crash was formed.

The Americans at this time did not know, and they did not believe, that it would not take long for a stock market crash worse than the 1929 stock market crash to befall them.

The Buddha said, "You can't say it. "On such a thing, Li Zhongxin will not go around to publicize it, and he knows even more that he has very little to say, and it is better for him not to talk about it than to be said that he is a rumor.

This is the opportunity that Li Zhongxin has been waiting for, but when the stock market plummeted, Li Zhongxin didn't want to get involved too much.

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