Chapter 932: The Economic Crisis Erupts

For Richard. Metternich is a kind reminder that Jérôme. Bonaparte just smiled at him.

There is no one in this world like Jérôme. Bonaparte knew better whether there were gold mines on Romanian soil.

In fact, the millennium-long mining process limited only a small amount of gold and silver in Romania due to technical limitations.

There are still many undiscovered gold mines in Romania, and it is nonsense to say that the mines have completely dried up.

Not to mention now, even in the 21st century, Romania has reported the discovery of 8 million ounces (about 227 tons) of gold.

In short, the mines in Romania are not as productive as those of California and Melbourne, but they are among the best in Europe.

If you really want to calculate it, there is no other country in the whole of Europe that can match Romania except Russia.

Subsequently, Jérôme. Bonaparte said: "The mining of gold is a matter of luck!"

If it is really mined, then it is naturally better!

If you don't mine it, you won't lose much money! ”

Since Jérôme. Emperor Bonaparte had already said so, Richard. Metternich did not dare to persuade again!

After all, he was only a suggestion, not an order.

If the gold mines were actually mined, then they would be able to make a profit in Austria.

Because the discovery of a gold mine will inevitably lead more people towards the vicinity of the location where the gold mine was discovered.

As long as there were enough consortia going to Romania, the local governments in the Austrian Empire would be able to take advantage of the gold mine turmoil and sell their cheap land to the consortia at a relatively high price.

The central government can also take this opportunity to make a good profit.

Whether or not the consortium that bought the land could extract gold was none of the business of the Austrian Empire.

If you can't mine gold, it can only mean that you are not lucky enough.

However, the vast majority of consortia do not lose money even if they can't mine gold, they only need to create a virtual gold mine and then set up a gold mining company.

In this way, it can attract a large number of retail investors who want to make a fortune to follow the trend and invest, the more investors, the better the market feedback, and the higher the stocks of the virtual gold mine.

The consortium only needs to decisively sell the shares in its hands after the stock reaches expectations, and then announce that the company's gold mine cannot work normally due to the collapse of the mining disaster.

At that point, the market reacts quickly. A virtual gold mine will fall in an instant.

Retail investors who want to get rich overnight will become the receivers of the consortium, and they will have nothing in their hands but worthless stocks.

And the initiators and accomplices can still get away with it.

In short, Jérôme. Bonaparte and Richard. Metternich reached a verbal agreement.

Richard. Metternich left Jérôme with a happy mood. Bonaparte's study, while Jérôme. Bonaparte also summoned Basilio and ordered him to go to the General Staff to bring maps of Transylvania, Morodova, and Wallachia.

Basilio listened to Jérôme. Bonaparte ordered him to leave, and after half an hour, Basilio reappeared before him.

At the same time, Basilio had a map rolled into a cylinder in his hand, which he unfolded and placed in Jérôme. Bonaparte's face.

On the map, I have a standard 1:5000 scale military map, and there is nothing other than the name of the city and the altitude.

Looking at the map in front of me, Jérôme. Bonaparte felt satisfied, and his good intentions were not in vain.

Immediately afterwards, Jérôme. Bonaparte glanced at the map again, then turned to order Basilio to leave.

After Basilio left, Jérôme. Bonaparte's mind was constantly contemplating the approximate location of the gold mines in the Kingdom of Romania.

Finally a lost lake of memories was Jerome. Bonaparte "flipped out".

"I remember that Rosia Montana (gold was mined during the Roman Empire) seems to have gold mines, so let's start here!" Jérôme. Bonaparte muttered a sentence in a whisper, and then wrote down Rossia Montana with a pen.

Subsequently, Jérôme. Bonaparte re-rolled up the map and handed it to Basilio ordering him to return it to the War Department.

After taking the map, Basilio nodded and left.

When Basilio returned, Jérôme. Bonaparte gave him the task of setting up a gold mining company in Romania.

After receiving the task, Basilio did not complain a single ounce and asked Jérôme. Bonaparte promised to do it as quickly as possible.

……

When the time came to early November, an economic crisis that had been delayed for nearly two months finally erupted in the United States of America at the end of the year.

This outbreak was a little later than it was in history, and at the same time it was much more severe in history.

The U.S. stock market, which was still soaring, plummeted overnight like a flood that burst through a dam, and within an hour of opening, the United States of America as a whole fell 15 percent.

The entire New York Stock Exchange was instantly enveloped in sadness and madness, and those retail investors with stocks in their hands desperately tried to squeeze forward, in order to be able to exchange their stocks for dollars as quickly as possible, so that they could stop their losses.

Those professional stockbrokers who are usually well-dressed are also a little unable to sit still at this time, and they are shouting "this is a technical adjustment" and "don't panic" and the like, while also desperately squeezing inside.

This kind of inconsistent behavior makes the surrounding retail investors full of contempt for them.

And the stock exchange staff sitting in front of the counter were also sweating profusely looking at the hands stretched out into the counter one by one, and their hearts were also full of fear at this time.

If the stock market is allowed to continue to fall, retail investors on the exchange will inevitably fall into a riot.

When the time comes, the small counter will not be able to protect them at all.

However, now they have no way to leave the counter.

Thousands of pairs of eyes in the hall of the exchange were staring at them, and they couldn't justify it.

At the moment, they can only exchange as much as possible for shareholders in the stock exchange.

As the minutes passed, the stocks of the United States of America not only did not stop falling, but fell even harder.

In two hours, the stock market in the United States as a whole fell to 70% before the opening of the market, and the shareholders who were already crazy enough became even more crazy after seeing the stock being cut off, and now the shareholders in the rear began to desperately squeeze to the front.

The shareholders in the front row also pushed back desperately after feeling a strong push from the rear.

The wooden counter crackled as the stock exchange investors blamed each other.

The staff behind the counter couldn't help but be even more frightened when they heard the voice.

The hands that were originally used to convert stocks/bonds into bills (bills from major banks) involuntarily began to tremble.

Thankfully, the chaos didn't last long.

With a gunshot at the entrance of the New York Stock Exchange hall, the hysterical crowd began to gradually regain its composure.

Investors in the back row involuntarily turned their eyes to the gate of the stock exchange.

A procession of nearly 100 men entered the gates of the stock exchange, each of them carrying a Migne rifle behind him and a revolver pinned to his waist.

Judging by the style of the troops, it should not be the armed forces of the government.

However, the person who walked out of the queue told the retail investors present that he had come to the stock exchange to maintain law and order on the orders of the governor of New York, and he hoped that everyone would line up in an orderly manner and not rush into each other and pass the buck.

Under the threat of this heavily armed team of 100 people, the retail investors in the stock exchange had no choice but to obey, and at the same time silently prayed in their hearts that their stock could be saved a little.

When it doesn't fall well, it can be a little slower.

It's just that their prayers are useless, and the stock market has been falling unstoppably.

By the time the stock market closes, the stock on the exchange as a whole is only 50% of what it was when it opened.

The vast majority of retail investors have not yet completed the exchange, and retail investors closed their eyes in despair as they looked at the numbers in front of them.

That night, more than 100 shareholders jumped from the upper floor.

Among them, there are also some successful gentlemen.

However, this is just the beginning, and the stock market continued to fall in the next few days.

Although the drop is far from the first day, it is still enough to make batches of people jump off the building.

At the same time as the stock fell, the factories affected by the stock decline also began to go bankrupt on a large scale, and the well-dressed factory owners became disgraced at the moment, and in the face of the bank managers who came to collect the debts, the factory owners could only beg the other party to give them some time.

However, how did the factory owner know that there was not much time left for the bank now.

The decline in the stock market led to the instantaneous bankruptcy of a large number of factories, which further affected the banking sector.

In the face of bankrupt factories, the banks that lent them money also did not come up with any good solutions, and a large number of bad and bad debts appeared in the bank's books, and the banks were simply unable to fill such a big hole.

As a result, British capital, which had been lent to the United States of America, began to survive with broken arms, and they quickly withdrew their money from the United States Bank of America, and the United States Bank became more vulnerable.

At the same time, the run on the bank also began to erupt, and many savings users began to flock to the bank to ask for exchange.

At this moment, the banks simply have no ability to deliver on their promises, and the helmsmen of several banks began to abscond with the money,

Banks fell like dominoes.