Chapter 230 Economic collapse, war begins!

Author: September Sauce

Chapter 230 Economic collapse, war begins!

Just when Wang Ming seized the first wave of the financial crisis, made his first big deal with Saudi Arabia, and China's large-scale infrastructure construction plan began to be implemented, the other side of the sea was already in a sea of ​​boiling fire.

The futures market plummeted in blood red, and the stock market had no room for recovery. Even though the United States immediately came up with a rescue strategy and announced further easing policies on the spot, the almost vertical downward curve did not pick up at all.

signs.

As Chen Feiyun predicted, the number of suicides in the United States hit a record high within a month.

Countless investors chose to end their lives at this time, but their departure triggered a new round of chain reactions.

the reason is simple.

They are often the main source of income for a family and control the entire family's funds.

When these funds go up in flames, the family will be irreparably broken.

Large-scale supply cuts and a wave of defaults have finally arrived.

One bank after another declared bankruptcy, and hundreds of millions of depositors were driven by huge panic to the streets, wanting to withdraw their own money.

But obviously, under the tide of bank runs, even such an extremely reasonable request has turned into a luxury.

At this point, social and economic activities have almost come to a standstill, and the crisis in the financial sector has finally spread to the real economy industry in the largest scale and most extreme impact.

Ahead is an abyss of eternal destruction, but it's too late to brake.

In the office of the May Meeting, Huston was sitting on the chair with a pale face, and the assistant opposite had an equally pale face.

The two of them stared unblinkingly at the TV set on the wall, and on the TV, Bush, the then President of the United States, was delivering his speech on the crisis.

".This is a major tragedy and there is no doubt that we have encountered difficulties."

"But we guarantee that the federal government will not give up on anyone."

"We are already urgently discussing response strategies and believe that the sluggish economic situation will be reversed soon."

Hearing the president's speech, Houston had a bitter smile on his face.

Twist? How to twist?

Rely on what?

Do you rely on your mouth to speak, or rely on your money printing machine to print?

Yes, according to historical experience, when such a large-scale crisis breaks out, it is indeed a good strategy to transfer the crisis to other countries by releasing water and printing money.

The problem is, even if the crisis is passed on, it will take time!

Now, what we lack most is time!

Maybe after another week or two, the economy will break through the most critical point and then completely enter the downward fast lane.

When that time comes, it will be too late.

So, what’s the point of talking about “discussing policies” and “not giving up on anyone”?

Hurry up and think of a solution!

Even if you sacrifice a group of people and risk your life and limbs to survive, it's still better than everyone dying together, right?

Thinking of this, Houston directly picked up the remote control and turned off the TV.

Then, he turned to the assistant beside him and asked:

"You have already seen the current situation, and there is no need for me to repeat it. I would like to ask you, what do you think of the current situation?"

"Or to put it another way - do you think we still have a chance?"

The assistant sighed deeply, then shook his head and replied:

"If we only rely on our own strength, there is absolutely no hope."

"I have never seen such a serious financial crisis. Even in the history books, I can't find a similar case."

"It came so quickly and violently that we didn't have any time to prepare."

"It will take at least a month for the introduction of various policy tools, and in this month, who knows how far things will develop?"

"The only thing we can do now is to print as much money as possible, release as much water as possible, and then use administrative means to the greatest extent to stop all financial activities."

"Even if we are going to die, we must hold our breath first and delay the moment of suffocation until a few weeks later."

"Only in this way can we have a chance to make a comeback."

Hearing the assistant's words, Houston nodded solemnly, and then continued to ask:

"You just said that if we only rely on our own strength, there is no hope."

"That means that if other aid is introduced, maybe we can turn it into a crisis?"

The assistant shook his head again and replied:

"It is impossible to turn it into an opportunity, but if Europe is willing to step in to help us rescue the market, then at least it can save us from the abyss."

"Currently, the biggest problems we face are the violent fluctuations in commodity market prices, the plunge in stocks, and the bankruptcies caused by the large-scale cessation of mortgage payments."

"The combination of these three has almost locked up our entire market economic activities."

"If we can find even one breakthrough among these three, the follow-up work will be carried out smoothly."

"Then where do you think we should break through?"

Houston asked.

"The impact of commodity market prices is extremely macro, and we have no way to control it for the time being."

"Stocks mainly rely on expectations, but if we want to reverse expectations, we must first pay back the money we owe the people."

"So, the only feasible breakthrough is bank bankruptcy."

Having said this, the assistant paused for a moment, then stood up, took out a pen, and began to write his plan on the whiteboard beside him.

"I think we should handle it this way."

"First, we need to give all homeowners a grace period to defer their payments for a reasonable period of time."

"This can give them time to breathe and ensure that they will not completely give up on themselves because of a breach of contract."

"Secondly, we must actively find new sources of funding for banks."

"It's useless to just rely on the central bank to release money. We have to seek help from other countries."

"Whether it is investment, the purchase of government bonds, or new trade orders, it will bring us huge help."

"I think it's time for us to talk to Europe."

"Now, in this world, they are the only ones who can save us."

Houston nodded helplessly.

His heart was extremely sad.

Once, for a long time, he only regarded Europe as a vassal of the United States.

Whether it is economically or militarily, they seem to only care about their own side.

But now, the situation has changed.

He actually wants to ask them for help. This is probably the first time since World War II.

Soon after, the White House.

The president sat on his throne and scolded his men sternly.

"I have said countless times that we must ensure the basic economic structure."

"The real economy cannot be abandoned. Even if we want to transfer industries, we must ensure the bottom line of domestic productivity!"

"What now? A financial crisis has almost destroyed our entire country!"

"This is a lesson, a painful lesson!"

"When things have developed to this point, everyone is responsible!"

Seeing his angry expression, no one present dared to speak.

——

Yes, the current president is simply passing the blame, and even contradicts himself in what he says.

This is not a discussion that is helpful to the current situation, this is just pure venting.

However, even if he is venting, he cannot be interrupted at this time.

Because what happened half an hour ago was really embarrassing.

It was originally a carefully planned speech aimed at boosting market confidence and boosting people's morale.

The first half of the speech actually went very smoothly.
To be continued...