Chapter 233 Dollar Storm(2/2)
Therefore, mutual funds "full of confidence" joined forces to sell large quantities of short orders for arms company stocks.
As they expected, the arms companies and the US government suffered a crushing defeat.
The market was originally unstable. This time, Doha's crushing defeat made investors even more pessimistic and desperate. A large number of panic selling began to appear. With the joint operation of these mutual funds, the stock market fell like a ski, flying.
Some American consortiums have also tried to take action to stop the decline.
But the fund closed as soon as possible and did not fight them head-on.
Seeing that the stock market was finally stopped falling, it seemed to stabilize. The sudden appearance of thousands of families and relatives of the dead. The anti-war march in front of the White House broke out in a day later, a large-scale anti-war march across the United States.
"Don't fight!"
“Reject another Vietnam!”
"Don't fight for oil!"
"Give my husband back!"
"How many more people will die?"
Thousands of protesters surrounded the White House, and some emotional protesters wanted to break through the police blockade and rush into the White House. A demonstrator even broke through the police and rushed to the lawn in front of the White House. Several American agents joined forces to catch him.
Before being caught and got on the car, the demonstrators were still shouting: "The president is the murderer! He did not take the money from the American people. The ones who paid him were consortiums, arms dealers, and oil dealers!"
In just a few days, hundreds of thousands of demonstrations were spread across major cities in the United States, and the anti-war slogans became louder and louder.
A computer virus some time ago, causing damage to nearly one million computers.
Many companies need to spend a lot of money again to buy new computers to replace them before they can reopen.
During this period, a large number of people were unemployed at home. Many of them felt extremely sad when they saw their American children lying in body bags and were sent back.
Iraq is tough, which makes them feel scared.
They don’t know how many lives the United States will have to fill the quagmire of war!
Their resentment towards Iraq some time ago was replaced by the fear of death.
After all, the virus attack only causes money losses. However, war and the loss of places are fresh lives!
Most importantly, these losses and lands are not the lives of other countries that they see as unworthy of, but the noble Americans!
The United States is the central bank of the world.
If you don’t have money, you can make money from the whole world and you will be able to get it back soon.
But life is gone, then everything is gone.
The other people died today, and tomorrow, when Americans were killed by the meat grinder
When will it be your turn?
The desire for life and fear of the future have caused thousands of Americans to walk out of their homes and angrily accusing the US government of its military adventures.
If the target of the war is a small country, the United States can kill fewer people, or even gain benefits without killing people, the American people will cheer for the president's wise decision. However, if the United States chooses the wrong opponent, his opponent can give the Americans a fatal blow. Even if it wins in the end, tens of thousands of American soldiers will fall before that!
Moreover, the benefits of victory are only subject to the large consortium and oil and arms dealers. There is nothing wrong with the people.
How can the American people watch and remain indifferent when they lose money in this way?
The front and back of the US government were useless. The scale of the anti-war was not controlled, but the momentum was getting bigger and bigger. The recruitment site was deserted and no one came to sign up. Some recruitment advertisements were torn off by angry people and burned down on the streets.
The situation continues to deteriorate. Because the computer is burned, people who are temporarily idle also go to the streets to protest every day, and TV is full of such pictures.
Gradually, these images also affected the psychology of ordinary Americans. The losses caused by the virus have not been compensated, and the economy continues to be sluggish, and the number of people who are pessimistic about the prospects of the US economy has increased rapidly.
Mutual funds entered the market again. The huge amount of funds hit hard, which caused panic among other stock investors.
The throwing plate is like snowflakes, splashing.
The consortium could not hold on, and they didn't want to.
The stock market should be intervened by the US government. The reason why they took action is that they do not want to suffer major losses. But seeing that the stock market, the decline in the futures market has become an irreversible trend, and they are unwilling to take the blame for the US government.
The consortiums made way for the big road and rushed into the futures market to make up for the losses, buying short orders in large quantities, hoping to use hedging methods to reduce losses.
Their actions have made the financial market worse.
"The decline is endless!" This is the title of an American newspaper, which also vividly illustrates that the US economy is falling rapidly from its peak like a roller coaster.
The new president was frightened by the turmoil in the financial market.
He comes from a Texas farm, has little experience in governing and has weak ability to deal with emergencies.
Impulse is his essence.
He was impulsive.
The US dollar began to depreciate significantly. He hoped to drag the world into the water in this way and pass on the economic crisis to the world. In the face of accusations from other countries, he turned a deaf ear and allowed the US dollar to depreciate wildly.
Other countries were also angry and began to sell large quantities of US dollars. The computer site www.piaotian.com.com was replaced with relatively stable euros, yen, and Hong Kong dollars.
If the RMB had not been prohibited from circulation abroad, they would have purchased a large number of RMB.
The United States began to feel something was wrong.
Because the decline was too strong, they couldn't control it. The Federal Reserve began to intervene and wanted to stop the decline of the US dollar, otherwise if it continued to fall like this, even if the US dollar did not become a piece of waste paper, no one would dare to use it in the future.
However, the downward momentum has been formed, so it is not easy to stop the decline.
Rate increase, what is the use of rate increase?
At this momentum, the bank's little interest is not enough to make up for the losses. People scoffed at it and continued to sell the US dollar in large quantities to exchange for currencies in other countries.
Southeast Asia can't stand it first.
In 1999, they had just experienced a financial crisis from the United States, and their losses were incalculable.
How can we still have the energy to withstand the dollar storm that swept the world?
Southeast Asian countries have sold the US dollar in the treasury, regardless of their total local sales, and how much they can be recovered. All foreign exchange reserves have been exchanged for Japanese yen, Hong Kong dollars, and some countries have begun to collect RMB from the private sector as treasury reserves.
Over the past decade, the scale of business between China and the world has gradually expanded, and the annual economic exchanges are more than 100 million.
Many RMB have begun to be taken out of the country by people for small payments.
Especially in countries around China, such as Southeast Asia and some South Asian countries, they almost use the RMB as circulating currency. Although China's central bank did not let the RMB open, it also acknowledged the act of RMB flowing abroad and issued several documents, regulating the amount of RMB allowed to be carried by residents abroad to visit relatives and the amount of RMB allowed to be carried.
As the scale of RMB circulation becomes wider, this limit is gradually expanding.
From the initial limit of each person to 5,000 yuan to 10,000 yuan, and later, it expanded to 50,000 yuan.
Vietnam, Thailand, Laos, Myanmar..., a Chinese economic circle based on the RMB is constantly expanding, with its influence directly to various Southeast Asian countries.
This US dollar storm has allowed other countries to see the nature of the US's transfer of economic risks.
Southeast Asia took the lead in collecting RMB from the public and publicly claimed that the RMB is also a kind of foreign exchange reserves. Although the euro and the yen are still their first choice, the RMB has since become a basis for some countries with weak economic strength before China has opened up.
The RMB reserves account for a share of these countries, or even more than ten percent.
The RMB has gradually begun to enter the international economic stage.
Myanmar may be the most radical, and it directly declared that the RMB is their domestic legal currency. Foreign economic behavior is also denominated in RMB.
No other countries followed up.
As we all know internationally, Myanmar's economic exchanges are basically carried out between China and without the renminbi, what else can I use?
Use unreliable dollars?
Most countries still use a package of reserves and use a variety of foreign exchange to maintain stability to the greatest extent.
However, many countries have also begun to consider whether the US dollar denomination method that has been formed over the past long period of time should be changed? Denominated in US dollars, as the risk is too great, should it be replaced by some other currency?
The euro and the yen began to become more valuation units in international trade, and the importance of the economic status of the United States began to weaken invisibly.
Although the US dollar is still the main settlement unit of international settlement.
The United States can also play the role of a "central bank", but the United States is extremely worried when facing the "local banks" that have emerged, it is very worried.
More and more countries are beginning to adopt a package of multiple currencies to replace single currency reserves. This is equivalent to the fact that other banks are also starting to issue currencies in addition to the central bank issuing currencies. Unconsciously, the status of the US dollar has begun to decline and is squeezed by other currencies.
The types of international settlement currencies are also constantly expanding, from dominant US dollar to coexisting various settlement units.
The United States originally planned to pass on the financial crisis through a sharp depreciation of the US dollar, but who knew it forced other countries to reduce the amount of US dollar ownership and use.
Is this a loss of wife and army?
Chapter completed!