Chapter Seventy-One: Scarlet Monday
September 19, 1867,
Monday
The financial center of the United States of America – Wall Street, New York.
A disheartened investor jumps from the rooftop of a cement building on Wall Street.
"Boom!"
The flesh and blood slammed into the concrete pavement.
"Ahh
Looking at the bodies that jumped to their deaths on the street, all passers-by screamed without exception.
One, two, three...... More and more investors committed suicide by jumping off buildings on Wall Street, filling the entire Wall Street like dumplings.
After the passers-by who were screaming found out what was going on, they also stepped onto the rooftop and became the material for others to scream.
In the end, Wall Street could only hear the sound of "whoosh" jumping, and there was no more "ah" screams.
There were no passers-by, only corpses.
September 19, 1867,
This Monday is not only the birthday of Tom Smith's first eldest son, Mende Smith, but also the day known as "Scarlet Monday" in American financial history.
Black Friday on September 24, 1869, which was originally on the historical line, was also an economic crisis caused by a large number of over-issued currency, and a large number of investors committed suicide.
Tom, a little butterfly, directly read the eighth-level gale on the original history line backwards,
The scale and magnitude of this economic crisis far exceed that of Black Friday in history.
There is a rumor that the reason why Black Friday was named Black Friday was because of the large number of suicide investor corpses, whose blood clotted on Wall Street, causing Wall Street to turn black.
According to this naming idea, the origin of the name Scarlet Monday is that there is a constant stream of investors committing suicide, and their corpses make the blood on Wall Street unable to coagulate and turn black.
On this day, there were constantly new "investors" to "increase their positions" and "suicide stocks", so that the entire Wall Street was only bloody.
The cause of all this has to go back to the Wall Street Stock Exchange in New York, which opened at 9 o'clock this morning.
The walls of today's stock exchanges don't have the scrolling electronic screens of later generations.
In later generations, there is now a huge blackboard where the screen is placed, and the blackboard is filled with the stock prices of major listed companies, and people use it to trade stocks with each other.
Whenever a company's stock price fluctuates, someone will go to the blackboard to erase the original price and write the new price.
If there were better news channels, would it be possible to buy or sell stocks before the stock exchange changes prices?
Of course, it is impossible for ordinary people to have advanced news channels.
Investors rely on self-righteous foresight to speculate on future stock price movements.
It is a tacit fact that every Yankee investor knows that the over-issuance of currency for the sake of the Civil War is a fact that they all know about the large amount of over-issued currency during the war.
Investors took the opportunity to buy large quantities of gold, believing that the government was buying back gold in large quantities in order to stabilize the economy and prevent economic collapse.
These genius investors did not expect to meet a "-stirring stick" who had not systematically learned financial knowledge at all - Tom Smith.
To be precise, Tom is not completely ignorant of finance, but Tom knows that over-issuance of currency will lead to a financial crisis, and Tom wants to use the financial crisis to destroy the American Yankees.
Tom had no idea how terrifying the tsunami that his little butterfly had "instigated" was.
"Stock A share price - $7.54H, $185.32Y."
The share price of a publicly traded company with the name A on the blackboard was erased and replaced with a new price.
The price of each stock now has two identifiers, H and Y, where H stands for "Hero" and Y stands for "Yankee".
In this way, the stock price of Company A is: "The stock price of A stock - 7.54 "hero dollars", 185.32 "Yankee dollars". ”
As early as a few months ago, the price written on the stock exchange was based on the "hero dollar" standard, and due to the pressure of the Washington administration, it is only today that the stock exchange really officially distinguishes between the two different "dollars" in the open.
Finance is sensitive.
In just a few minutes, all companies continued to rise the price of "Yankee Dollar" in their company's stock price, and the price of "Hero Dollar" was still as stable as Mount Tai, and some companies even began to fall the stock price of "Hero Dollar".
In the end, the exchange ratio of "HERO dollars" and "Yankee dollars" also became a new "stock", which was "listed" on the blackboard.
Write directly on the most prominent place on the board.
1:28→1:35→1:72……
This marked the official declaration of the "complete collapse" of the "Yankee dollar" and reduced to pieces of waste paper.
You must know that the investment community has long only recognized the "hero dollar", and the gold hoarded by investors is purchased at the price when neither party has a large area of over-issued currency, or when it has just begun to over-issue currency.
Investors still use old Yankee dollars when they buy them, and at that time they could buy 1.5-2 grams of gold for every dollar.
And the collapse of the "Yankee dollar" announced the infinite appreciation of the "HERO dollar".
The HERO dollar has secured its position as the No. 1 currency in the United States.
Everyone scrambled to snap up the HERO dollar in cash.
The value of the HERO dollar is getting higher and higher.
In just one morning, the purchasing power of a dollar of "hero dollars" changed from 1.5-2 grams of gold to 5-6 grams of gold, and there is a tendency to continue to rise rapidly.
However, the price of HERO's goods did not fluctuate at all under Tom's control.
Investors can now sell gold for tens of thousands of dollars, but now they can only sell for a few hundred dollars.
There is no way, who made the hero company not accept barter transactions now, investors or anyone must first exchange gold for hero dollars, and then go to the hero company to make a transaction.
In this way, gold has depreciated by more than 70 percent in one morning, and there is a tendency to continue to depreciate sharply.
The gold hoarded in the hands of investors instantly becomes a precious metal that can buy millions of "Yankee dollars" but cannot buy hundreds of "hero dollars".
The "gold investors" who went bankrupt and even borrowed money to enter the market couldn't help but feel dead and happy when they watched the continuous "depreciation" of gold.
For every microgram of gold that can be purchased for every dollar "HERO Dollar", hundreds of investors commit suicide on Wall Street.
And this "Scarlet Monday" directed by Tom,
In this way, in the hands of Tom, who has no knowledge of the financial industry at all, all the investors who claim to be financial geniuses are pushed into the abyss of the region.
At the same time, something happened that made the Yankee even more uncomfortable.
Positive events, no matter what, can be put on the surface for the first time.
Negative events will always be suppressed by all means, and when they are forced to put their helplessness on the bright side, it means that this matter is out of control.
The Wall Street stock trading floor in New York is a signal, a signal that the Washington Yankee administration can no longer control the currency market.