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Chapter 62: Bloody Monday

September 19, 1867

Monday,

The financial center of the United States of America - Wall Street, New York.

A frustrated investor jumped from the rooftop of a Wall Street cement building.

"Boom!"

The flesh and blood body hit the concrete pavement hard.

"ah!"

Seeing the body that jumped to death on the street, the passers-by screamed without exception.

One, two, three... More and more investors are jumping to their deaths on Wall Street, filling the entire Wall Street like dumplings.

After the passers-by who originally screamed figured out what happened, they also stepped onto the rooftop and became the material for others to scream.

In the end, Wall Street could only hear the "whoosh" sound of jumping off the building, and there were no more screams of "ah".

There are 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 a day known as "Bloody Monday" in American financial history.

Black Friday on September 24, 1869 in the original historical line was also an economic crisis caused by a large amount of excessive currency issuance, and a large number of investors committed suicide.

A little butterfly like Tom directly read the eight-level strong wind in the original history line in reverse.

The scale and degree of this economic crisis far exceed 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 corpses of investors who committed suicide, and their blood coagulated on Wall Street, causing Wall Street to turn black.

According to this naming idea, the origin of the name Bloody Monday is that investors continued to commit suicide, and their corpses prevented the blood on Wall Street from coagulating and turning black.

During this day, new "investors" kept coming to "increase positions" in "suicide stocks", leaving the entire Wall Street filled with nothing but blood.

The cause of all this goes back to the New York Wall Street Stock Exchange, which opened at nine o'clock this morning.

The walls of today's stock exchanges do not yet have the rolling electronic screens of later generations.

In later generations, there is now a huge blackboard hanging where the screen was placed. The blackboard is filled with the stock prices of major listed companies, and people use this to trade stocks with each other.

Whenever a company's stock price fluctuates, someone will go to the blackboard and 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 price changes?

Of course, it is impossible for ordinary people to have advance news channels.

Investors rely on their self-righteous foresight to predict future stock price trends.

The over-issuance of currency to prepare for the Civil War is a fact that every Yankee investor tacitly acknowledges. They all know that a large amount of money was over-issued during the war.

Investors took the opportunity to acquire large amounts of gold. They all believed that the government was buying back large amounts of gold in order to stabilize the economy and prevent economic collapse.

These talented investors never expected to meet a "troublemaker" who had no systematic study of financial knowledge - Tom Smith.

To be precise, it's not that Tom doesn't understand finance at all, but that Tom knows that excessive currency issuance will lead to a financial crisis, and Tom wants to use the financial crisis to destroy the American Yankees.

Tom had no idea how frightening the tsunami he had "incited" by his little butterfly was.

"A stock price - $7.54H, $185.32Y."

The stock price of a listed company named A on the blackboard was erased and replaced with a new price.

The price of each stock now has two symbols, namely H and Y. H stands for "Hero dollar" and Y stands for "Yankee dollar".

Looking at it 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". However, due to the pressure from the Washington government, it is not until today that the stock exchange has officially stated the two different "dollars" on the surface.

Dispositions are treated differently.

Finance is sensitive.

In just a few minutes, all companies invariably continued to increase the "Yankee dollar" price of their company's stock price, while the price of "hero dollar" remained as stable as a mountain, and some companies even began to drop the "hero dollar" stock price.

In the end, the exchange ratio between "hero dollars" and "Yankee dollars" became a new "stock" and was "listed" on the blackboard.

Write directly on the blackboard in the most conspicuous position.

1:28→1:35→1:72……

This marked the official declaration of the "complete collapse" of the "Yankee Dollar" and reduced it to pieces of waste paper.

You know, the investment community has only recognized the "hero dollar" for a long time. The gold hoarded by investors was purchased at the price when neither party had a large-scale over-issuance of currency, or when it had just started to over-issuance of currency.

Investors still used old Yankee dollars when purchasing. At that time, each dollar could buy 1.5-2 grams of gold.

The collapse of the "Yankee dollar" announced the unlimited appreciation of the "hero dollar".

The hero dollar took advantage of the trend and stabilized its status as the first currency of the United States.

Everyone rushed to buy hero dollar bills.

The value of the hero dollar is getting higher and higher.

In just one morning, the purchasing power of one dollar of "hero dollar" changed from 1.5-2 grams of gold to 5-6 grams of gold, and the trend continues to rise rapidly.

However, the price of Hero Company's goods did not fluctuate at all under Tom's control.

Gold that investors used to be able to sell for tens of thousands of dollars can now only be sold for a few hundred dollars.

There is no way, who told Hero Company that it no longer accepts barter transactions. Investors or anyone else must first exchange gold for Hero dollars before doing transactions with Hero Company.

From this point of view, gold has depreciated by more than 70% in one morning, and it is likely to continue to depreciate significantly.

The gold accumulated in the hands of investors instantly turned into a precious metal that could be purchased for millions of "Yangie dollars" but could not be purchased for hundreds of "hero dollars".

The "gold investors" who have lost all their money or even borrowed money to enter the market can't help but feel desperate when they see the continuous "depreciation" of gold.

For every microgram of gold that each "hero dollar" can buy, hundreds of investors commit suicide on Wall Street.

And this "Bloody Monday" directed by Tom,

In this way, in the hands of Tom, who had no knowledge of the financial industry at all, all the investors who regarded themselves as financial geniuses were pushed into the abyss of the region.

At the same time, something even more uncomfortable for Mr. Yang occurred.

Positive events, no matter what they are, can be brought to light immediately.

Negative events will always be suppressed by every possible means. When they are forced to show their helplessness and then put it in the open, it means that the matter is no longer controllable.

The stock trading floor of Wall Street in New York was a signal that the Yankee administration in Washington could no longer control the currency market.


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