Chapter Seventy-Two: The Yankee Collapses
It was precisely because of the "comparison" printing of the "Yankee Federal Bank" that it eventually led to the economic crisis in the United States.
The Yankee government could no longer hold it down, and the "Yankee dollar" was widely abandoned throughout the United States.
The market is like this, when you go up, when the price rises, everyone will believe that you can continue to rise, and there is no bottom line to blindly increase your position.
People all over the country are starting to scramble for HERO dollars.
In the same way, the Yankee dollar has collapsed, that is, it has plummeted,
Even if the Yankee government now points guns at the people, the people will no longer use the "Yankee dollar".
The economy collapsed, the money market collapsed, and employees no longer recognized the "Yankee dollar", even if the monthly salary was "as high" as thousands of "Yankee dollars", no one wanted to continue working, they only recognized the "hero dollar".
Not only employees, but also farmers, other low- and middle-income occupations such as civil servants, and even the Yankees' own government workers no longer trust the "Yankee dollar."
Everyone tried their best to sell everything valuable around them, just to get a "hero dollar" of one or two dollars.
On the black market, the exchange ratio of "HERO dollars" to "Yankee dollars" has even reached more than 1:10,000, and in this way, no one has exchanged "HERO dollars" for "Yankee dollars".
The consortium behind the mafia also ordered the cessation of this exchange behavior, and the exaggerated ratio of "HERO dollars" and "Yankee dollars" on the black market was completely ended.
Not just the exchange point where you exchange "Yankee dollars" for "hero dollars" was closed by Yankeys,
The market for the "Yankee dollar" to be exchanged for all other currencies has been forced to close by various forces.
Before "Scarlet Monday", the "Yankee dollar" could also be exchanged for pounds, francs, rubles or something, and the exchange rate was not much to say, everyone who knew it understood.
But at that time, it could still be changed, but now it can't be changed at all.
Governments around the world announced for the first time that they would no longer allow the exchange of Yankee dollars for their own currencies.
Even the "Yankee Union Bank" no longer opened the currency exchange and foreign exchange offices that were already "in vain".
The "Yankee dollars" in the hands of the people are meaningless except for tying children into squares and stacking blocks to play.
You can even see homeless people sleeping on "Yankee dollars" on the road.
The factory owners also "heard the wind" and covered all the HERO dollars in their hands, and the factory owners, who had experienced several economic crises, knew that no matter how many goods they produced, they could not sell them normally.
Even if the factory owner puts the "hero dollar" in his hand into production, the profit is infinitely close to zero, not to mention that there is a high probability of losing money.
This phenomenon is known as the "liquidity trap" in the financial industry.
In the vernacular, everyone has no confidence in the market, and all walks of life think that the market outlook is bleak.
Instead of throwing money in, it is better to stop losses in time and wait for the economy to improve.
Before the economic crisis, no one would have believed that there would be an economic crisis every day.
Similarly, in an economic crisis, no one will believe that the economy will improve tomorrow.
Nowadays, factory owners and employees do not recognize the "Yankee dollar".
Employees in the Yankey area now only recognize HERO dollars
For factory owners, instead of handing out the HERO dollars in their hands to their employees, it is better to directly announce the shutdown.
In just a few days, Yankee's factory was shut down on a large scale.
The owners and shareholders of most enterprises and factories have hoarded the "hero dollars" they have accumulated in their hands to prepare for the next payment, hoping that after the financial crisis has passed, they will use the money to restart the factory and "make a comeback".
Employees are unemployed, so that these employees can no longer find the slightest "sense of fulfillment" in reality.
Stores selling various narcotics were overcrowded, and there were also many large-scale "riots",
Employees who have no income, after exhausting their last bit of wealth on narcotics, loot the major stores.
The largest was a "drug" store in Chicago, where thousands of people looted.
It's a pity that the Chicago gangsters and the Chicago consortium standing behind this "specialty store" are not joking.
These evil rulers sent a large number of pikemen to suppress the bloody uprising throughout Chicago.
Tom had the foresight to only produce, to do total production and total sales in a non-Dixie market.
As for retail, never participated, especially in the narcotics market, which Tom hated the most.
Not only in Chicago, but also in Yankees, all over the country, the robbery, riots, and marches were suppressed by the local gangsters.
The sales of narcotics such as tobacco and beer of HERO have increased instead of decreasing, and even in some Yankey areas, they have become the new "hard currency", which is "harder" than gold.
In order to survive, employees who lost their jobs were forced to reluctantly embark on the road of breaking the law and committing crimes
The Yankees' crime rate has soared to 70 percent, and there are signs of continuing to soar.
The Yankee plan is that Tom is over-issued because of the war, and the HERO currency in the market increases, but unfortunately there are more "Yankee dollars", and the market is still the Yankee market.
It's a pity that I met Tom Smith, who completely ignored the consequences of the financial crisis,
The HERO company's completely bottomless over-issuance of HERO dollars made the Yankees forced to "fight back" and print money together without an upper limit.
Some people can't help but ask, what if the Yankees stop at this time and don't follow Tom to "unlimited" over-issue currency?
Will there be another economic crisis?
Quite objectively, no.
If the Yankee does not "have no upper limit" and "follow the trend and print" Yankee dollars, there are only "hero dollars" printed by Tom in the country.
Then, a few months later, the HERO dollar will smoothly replace other dollars with the help of the power of the HERO company, the first productivity company in the United States, and eventually become the "standard dollar" of the first generation of the United States.
But in this case, for the Yankees, it is better to let the consortium go to commit suicide by jumping off the building with the arrogant investors.
Consortiums will not allow the currency market within their "sphere of influence" to be controlled by other "forces".
The Yankees will have to print more "Yankee dollars" to delay the day when "HERO dollars" take over the U.S. market.
It is a day to be able to drag it out.
As for the financial crisis caused by over-issuance, how many financial tycoons are in the Yankee consortium and how many actuaries are under their hands, will the Yankee consortium not know?
The Yankee consortium is the group that hoards the most foreign exchange and "hero dollars".
This over-issuance period is the "buffer period" in the form of joint asset transfer by the Yankee consortium.
The consortium is unwilling to accept the "imperceptible" invasion of its own market by the "HERO dollar".
Would they rather drag on for a few days to transfer their assets to foreign exchange or the "hero dollar" of their opponents, as for the economic crisis?
Let those people who are "news lagging" die, and become the "substitute ghosts" for the fierce transformation of the money market of the Yankee consortium.
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