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Text Chapter 526 The Great American Crisis

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    Regarding the Middle East issue, when talking about the matter with Chairman Li, Lin Han said: "The Middle East, a land with black gold flowing underground, is turning into a powder keg! In the next few decades, when the Arab countries around Israel also grow muscles,  , a war will definitely break out. " Chairman Li shook his head and said: "Even without Israel, there would be no peace here. The sectarian conflicts among the Muslims will only become more fierce with Israel as their common enemy.  Instead, it allowed them to have a common enemy and goal, and to establish a "united front." Regardless of your time and space or this era, the establishment of Israel united the Arabs here, although this unity was very limited.  "Afterwards, he also lamented to Lin Han: "The history of mankind is a history of struggle. China cannot become like the Middle East." When Lin Han and Chairman Li were talking about the Middle East, the new president of the United States was separated from China by the ocean.  Truman, he hasn't been in a good mood lately.  With the end of the war, military orders suddenly decreased, the arms market suddenly shrank, and U.S. industrial production dropped sharply. The so-called "wartime economic boom" ended after the time entered 1948.  Before the war, the Americans suffered a nuclear bomb on Atura Island and lost four entire fleets. Nineteen Essex-class aircraft carriers and eight Essex-class aircraft carriers were sunk.  Relying on this "reason", after the war, officials agreed to continue the remaining construction projects of the eight Midway-class aircraft carriers currently on the slipway.  But only these eight Midway-class aircraft carriers are still under construction, and the rest of the shipbuilding plans, whether cruisers or destroyers, have all been suspended.  The armistice of 1947 was a disaster for both the U.S. Navy and Army.  A large amount of munitions were made with great efforts, but all turned into useless scrap metal that could not be sold.  The navy and army, which have gone through countless trainings, are facing the situation of large numbers of soldiers retiring and returning home.  Continue to expand externally?  Although the current U.S. Navy is still the largest navy in the world, and its tonnage is still stronger than that of Britain and Japan combined, but so what?  The U.S. Navy, whose spine has been broken, no longer has the courage to fight against the enemy navy with the blessing of gods.  In the past five years.  The sequelae of the Americans' use of demons to disintegrate and blast warships are showing up bit by bit.  Since it was a purely "naval war", the total military investment of the Americans in this war that lasted for five years was not necessarily higher than that of World War II in another time and space, which lasted less than four years in two battlefields in Europe and Asia.  America is big.  But what is different from that time and space is that after the war in this plane ended, the Americans did not get any war dividends.  They cannot drain countries of their gold reserves in a war.  They could not dismember the British colonies.  There is no chance to blow Europe to ashes and enjoy the "dividends" of rebuilding Europe after the war.  There is no chance to establish a US dollar-centered international monetary system after the war and control the money-making machine of "international money printing power".  On the contrary, Americans paid a heavy price in this war.  The navy was wiped out again and again.  More than 200,000 people died, and the wealth accumulated in the past few decades was consumed in the process of rebuilding the navy.  After the Battle of Atura Island, all the sailors on the escaping warships contracted severe nuclear radiation sickness, and their medical expenses were also terrible.  That¡¯s okay, because during the war, the United States focused all its attention on the country, causing its traditional South American market share to be eroded by Britain and Germany, and a large amount was lost.  Recover these "lost territories" after the war.  It also takes a lot of effort and cost.  As for the dollar, due to the failure of the war.  The international credibility and exchange rate value of the U.S. dollar have plummeted even more horribly.  After entering and leaving the United States in this dimension, after entering the next year of 1948, President Truman felt that "this little life has begun to become difficult." In the past year.  Relying on the "demobilization economy" brought about by the large number of demobilized soldiers who returned home to get married after the war, the U.S. economy barely managed to stay afloat. However, as soon as this wave of veterans' employment flow passed, the entire United States immediately felt a cold wave.  After the second half of 1948, the economic forecast reports compiled by President Truman from all aspects were extremely pessimistic.  "What should the United States do?" The chat group quickly gave the president an idea.  "The state will increase investment in the production of consumer goods. Close some redundant military-industrial enterprises, and at the same time continue to increase investment in infrastructure construction. For example, increase investment in repairing the Panama Canal, etc."  During the past five years of war, the U.S. government implemented a consumer goods rationing system, restricted production and consumption, and even stopped the production of certain durable consumer goods to ensure the manpower, raw materials, and equipment needed to produce weapons.  During the years of intense war, the production of personal consumer goods not only did not increase but definitely decreased.  Residents¡¯ demand for consumer goods cannot be met.??.  After the war.  This demand becomes a factor that promotes the increase in the production of consumer goods.  There is nothing wrong with these suggestions from the behind-the-scenes talkers, but the main problem is that increasing investment in the production of consumables cannot increase domestic "consumption intensity" and "demand intensity."  This approach of using the state's money printing machine to increase investment and promote consumption is, to put it bluntly, just another version of Ghana's New Deal, which involves borrowing new debt to repay old debt. Unless new "blood-making points" can be found, this approach will fail sooner or later.  Something goes terribly wrong.  Germany, another country in Europe, is the best example.  In this dimension, Germany was able to escape this disaster because, firstly, it won the European war, secondly, it opened up the huge market of China, and thirdly, it defaulted on its debts. So far, Germany owes the United States more than 40 billion U.S. dollars in 1939.  The foreign debt they still insist on not wanting to repay - recently they have given up and thought of repaying it, because the US dollar has plummeted terribly.  It was more than 40 billion US dollars nine years ago and more than 40 billion US dollars now. It is completely different. Even adding interest compounding is useless.  On this issue, the black-hearted Hanna still wants to "delay" for a while, and Germany will not repay its debt until the dollar falls even more miserably.  A big hole has been clearly placed in front of the United States of America, and this hole is now inescapable.  Looking at the huge pit in front of him, President Truman knew that if he did as the gossips said, the economic crisis would break out only if he was eating his grain and rolling around.  It will be more violent.  "When this kind of thing breaks out, it will be a matter for the next term!" In line with the idea that dead friends will not die from poor friends, President Truman, after hesitating for a while, signed the "New American Economic Plan" proposed by the behind-the-scenes discussion.  Program¡± plan.  The selfish President Truman was ready to leave the problem to his next term, but something he never dreamed of happened.  The crisis came much faster than he expected.  After the second half of 1948, as Truman turned on the Federal Reserve's money printing press and began to issue watermarked banknotes, the U.S. economy temporarily stopped its decline, the stock market began to rise, and the financial market "gradually improved."  But others don¡¯t know what kind of morality the United States has today, including those financial giants on Wall Street.  But I know it very well.  "This is the last carnival before the end of the world!" They know very well that from the Ghana New Deal to the "Truman Economics", the United States has overdrafted too much in the past ten years.  The pressure accumulated from money printing and excessive investment has reached the critical point of total collapse.  The reason they didn¡¯t start shorting the U.S. stock market in 1948 was because they wanted to draw a large amount of capital out of the United States.  Before 1947.  Because it was a war period, the official control over the financial market was strict.  It is not easy for them to withdraw, but now that the war is over and regulations have been relaxed, the opportunity has come.  Financial giants are no better than ordinary retail investors, and it is not easy to make a full retreat.  Truman's "new economic stimulus" is a big deal for these giants.  It was like "just when I was about to sell, I met the taker."  Being shrewd, they first took advantage of Truman's "New Economic Stimulus" and began to drive up the U.S. stock market. These giants who controlled the U.S. finance, media and other fields joined forces.  Blowing warm air in the media encouraged domestic and international hot money to flow into the United States and drive up the stock market.  Old Europe is seeing all the tricks played by financial giants in the United States.  During this process, Germany and the United Kingdom also took the opportunity to secretly push the stock market. Even the Soviet Union and China quietly invested a sum of money into the U.S. stock market, adding fuel to the fire in the early stage.  In order to further "stimulate" the rise of the U.S. stock market, the four countries of China, the Soviet Union, Britain and Germany rarely joined forces.  First, the British took the initiative to send a special envoy to visit the United States to express their rapprochement.  When the British envoy got off the plane in Washington, he spoke publicly to countless journalists and publicly stated that he came to the United States this time to negotiate and discuss again with the United States on the topic of reopening the British colonial market.  As soon as this news came out, the domestic stock market in the United States rose wildly that day.  The Germans quickly followed suit, claiming that they would "renegotiate" the German debt issue with the U.S. government, which was also "good news." Soon after, the Soviet Union also followed suit and issued a large food order to the United States.  China also imported a batch of grain from the United States, which made American grain farmers smile and have more "spare money" in their hands.  ¡°Then China, which has been mainly buying German machinery, also sent purchasing groups to the United States to look for projects worthy of ¡°investment and introduction.¡±  China, which is industrializing, is a huge emerging market. In the past few years, Americans have been jealous of Germans eating meat here.  New China suddenly opened its door to trade with the United States, and the entire U.S. industrial sector and stock market went crazy.  Throughout 1949, the U.S. stock market was dominated by European??All kinds of good news unsolicited from the mainland are as exciting as eating several packs of Viagra, and they keep rising.  ¡°However, this is the last big hole dug by the Lin Han family, pouring gasoline in the stove, and jointly manipulating the four countries to dig the United States.  Before the four countries sent out ¡°good news¡± one after another, the four countries had secretly entered the U.S. stock market through various channels to absorb related stocks.  Then the governments of the four countries visited the United States one after another to "improve relations" and brought good news. They used the means of "political market" and "diplomatic market" to drive up the stock market. Coupled with the greedy American Wall Street predators, they added fuel to the fire. Throughout 1949, the US securities market was  A huge rainbow rose.  During this period, American business owners and farmers were also investing frantically to expand production because of the prospect of opening up new markets in Europe and Asia.  Most large and medium-sized cities in the United States have experienced their own economic booms. Almost without exception, these booms are driven by "good" news from abroad and the stimulus consumption brought about by the surge in the stock market -  - The stock market has been rising for a year, causing many American citizens to engage in "overdraft consumption". Overdraft consumption in turn stimulates continued economic prosperity - However, this kind of overdraft is like a man who has taken two bottles of Viagra.  Like a brothel, you can become extremely powerful overnight, but it is only a matter of time before you turn from Viagra to a wimp.  By the first half of 1950, the U.S. stock market was still rising. However, during this first half of the year, the funds invested by the four countries had taken advantage of this opportunity to quietly delist, and all four countries secretly made a lot of profits.  The financial giants on Wall Street also took advantage of this opportunity to ship goods after harvesting.  The crisis began in July. Various problems that were previously covered up by false prosperity broke out in advance because of a piece of news on this day.  In early July, news came from the Soviet Union. The Soviet government announced that the Soviet Union¡¯s agriculture would have an unprecedented bumper harvest this year. Therefore, the Soviet government canceled its plan to import large quantities of grain and feed from the United States.  This news immediately caused the U.S. grain futures market to plummet.  ?Then the Chinese government also issued a similar statement, claiming that this year is a "big year" and China's grain market has also had a bumper harvest, so it will no longer import grain from the United States.  The fluctuations in the grain futures market soon spread to the already fragile Wall Street stock market - in fact, during this period, the Wall Street stock market and financial giants had already shipped goods and cleared their positions, and those who remained here were ordinary retail investors who were still preparing for the doomsday.  The carnival, the seemingly lofty stock index, is actually a crumbling house.  As soon as the "bad news" broke that China and the Soviet Union would not import American food, an avalanche of collapse occurred.  July 7, 1950, was another Black Friday.  The Wall Street stock market has plummeted since the opening.  Soon, people started jumping from the top of the Empire State Building in New York to use their bodies to prove that Newton's gravity was correct.  Some people couldn't wait to get to the upper floors and jumped directly out of the windows of buildings on more than ten floors.  A scene that happened during the Great Depression twenty years ago is happening again.  At the end of this disastrous July, another bad news came about the failure of commercial and trade negotiations between the United Kingdom and the United States, which added salt to the horrific wounds of the U.S. stock market.  At this time, Germany no longer wanted to owe the Americans money for the sake of business reputation.  Because economists in Germany reported to Hanna: The US dollar will face another tragic collapse, and Germany can use "very little" money to pay off the "huge debt" of more than 70 billion US dollars it owed in the past.  " - This scene reminded both Hannah and Lin Han of the scene when the Soviet Union disintegrated and the ruble turned into papyrus. India's Asan happily used rubles to repay Russia's tens of billions of foreign debts.  (To be continued) The fastest update, please read.  
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