It was precisely because of the "competitive" printing of "Yankee Federal Bank" that ultimately led to the economic crisis in the United States.
The Yankee government could no longer suppress it, and "Yankee dollars" across the United States were largely abandoned.
The market is like this. When your price rises or appreciates, everyone will believe that you can continue to rise and blindly add positions without a bottom line.
People all over the United States began to rush for hero dollars.
Similarly, if the Yankee dollar collapsed, it would plummet.
Even if the Yankee government points a gun at the people now, the people will no longer use "Yankee dollars."
The economy collapsed, the currency market collapsed, and employees no longer recognized "Yankee dollars." Even if the monthly salary was "up to" thousands of "Yankee dollars," no one was willing to continue working. They only recognized "hero dollars."
Not only employees, farmers, clerical workers and other low- and middle-income occupations, but even Yankee's own government workers no longer trust "Yankee dollars."
Everyone is trying their best to sell everything of value around them, just to get one or two dollars of "hero dollars".
The exchange ratio between "hero dollars" and "Yankee dollars" on the black market has even reached over 1:10,000. In this way, no one has yet exchanged "hero dollars" for "Yankee dollars".
The syndicates behind the Mafia also ordered to stop this exchange behavior, and the exaggerated ratio of exchange between "hero dollars" and "Yankee dollars" on the black market was completely ended.
Not only were the exchange points for exchanging "Yankee dollars" for "hero dollars" closed by the Yankees,
The market for converting "Yankee Dollars" into all other currencies was forcibly closed by various forces.
Before "Bloody Monday", "Yankee dollars" could be exchanged for pounds, francs, rubles, etc. I won't go into details about the exchange rates, you can understand them all.
But at that time, it was still possible to replace it, but now it is completely impossible to replace it.
Governments around the world immediately announced that they would no longer allow Yankee dollars to be exchanged for their own currencies.
Even the "Yankee Union Bank" no longer opens its currency exchange and foreign exchange offices that were "in name only".
The "Yankee dollars" in the hands of the public have no meaning other than being bundled into squares and stacked for children to play with.
You can even see homeless people sleeping on "Yankee Dollars" on the street.
Factory owners also "took action" after hearing the news and wiped out all the hero dollars in their hands. Factory owners who have experienced several economic crises know that no matter how many goods they produce, they cannot sell them normally.
Even if the factory owner invests his "hero dollars" in production, the profit will be infinitely close to zero, not to mention that there is a high probability of losing money.
This phenomenon is called a "liquidity trap" in the financial industry.
To put it bluntly, no one has confidence in the market, and all walks of life believe that the market prospects are gloomy.
Instead of investing money, 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 an economic crisis would break out every day.
Similarly, in an economic crisis, no one believes that the economy will improve tomorrow.
Today, factory owners and employees do not recognize "Yankee dollars."
Employees in gay areas now only accept hero dollars.
For factory owners, instead of handing out hero dollars to their employees, it is better to declare a shutdown directly.
In just a few days, most of Yang Ji's factories were shut down.
Most companies, factory owners and shareholders have hoarded the "hero dollars" they have saved to pay for the next payment, hoping that after the financial crisis is over, they can use this money to restart the factory and "make a comeback."
Employees are unemployed, making it impossible for these employees to find any sense of "fulfillment" in reality.
Stores selling various narcotics were overcrowded, and many large-scale "riots" occurred.
Employees without income, after spending the last bit of their wealth on narcotics, looted major stores.
The largest one was a "drug" store in Chicago, where thousands of people robbed it.
Unfortunately, the Chicago gangsters and Chicago syndicates standing behind this "specialty store" are no joke.
These people in power, who did all kinds of evil, sent out a large number of pike squads to suppress the riots that bloodbathed the entire Chicago.
Tom had the foresight to only produce, and only do total production and total sales in the non-Dixie market.
As for retail, I have never participated in it, especially the narcotic market that Tom hates the most.
Not only Chicago, but also the robberies, riots, and demonstrations carried out by Yankees everywhere were suppressed by local gangs.
The sales of Hero Company's tobacco, beer and other narcotic products have not decreased but increased, and have even become the new "hard currency" in some Yankee areas, "harder" than gold.
In order to survive, employees who lost their jobs were forced to embark on the road of illegal crimes.
The Yangtze crime rate has soared to 70 percent, and there are signs of it continuing to rise.
The Yankee plan is that due to the over-issue of Toms due to the war, the hero currency in the market has increased. Unfortunately, there are more "Yankee dollars" and the market is still a 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 unlimited issuance of hero dollars forced Mr. Yang to "fight back" and print money without any limit.
Some people can't help but wonder, what would happen if Mr. Yang stopped at this time and didn't follow Tom's "unlimited" over-issuance of currency?
Will this economic crisis happen again?
To be very objective, no.
If the Yankees don't have "no upper limit" and "follow the trend and print more" Yankee dollars, the country will only have the "hero dollars" printed by Tom.
Then, in a few months, the hero dollar will steadily replace other dollars with the help of the hero company, the number one productivity company in the United States, and eventually become the first generation of the "standard dollar" in the United States.
But in this situation, for Mr. Yang, it would be better for the consortium to commit suicide by jumping off the building together with the arrogant investors.
The consortium will not let the currency market within its "sphere of influence" be controlled by other "powers".
The Yankees must print more "Yankee Dollars" to delay the day when the "hero dollar" takes over the U.S. market.
It's a day that can last a day.
As for the financial crisis caused by over-issuance, how many financial tycoons are there in Mr. Yang’s consortium and how many actuaries are under his command? Does Mr. Yang’s consortium know?
The Yang Group is the group that hoards the most foreign exchange and "hero dollars".
This over-issuance period is the "buffer period" for the Yang Kee consortium to jointly transfer assets.
The consortium is unwilling to accept being "subtly" captured by the "hero dollar" in its own market.
They would rather delay for a few days to transfer the assets in their name to foreign exchange or the opponent's "hero dollar". As for the economic crisis?
Let those people who are "lagging in news" die and become the "scapegoats" for the Yang Kee Group's radical transformation of the money market.
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Thanks to Marshal Tian for the 100 reward from No. 2
The world's most adorable treasure hunter gives 100