Vol 5 Chapter 156: , Plan A starts

A genius remembers this site address in one second: (Vertex Chinese), the fastest update! No ads!? "Your Majesty, the London stock market crash broke out!" Kennedy said gleefully
He has the capital to gloat for misfortune, even if the world's stock market is bounced, it has nothing to do with Bulgaria.
"Tell me the details!" Ferdinand said with a slight smile
Although he has known these things a long time ago, many things are not suitable for him to say in person. Otherwise, how can the role of these ministers be reflected?
A king who grabs performance opportunities with his courtiers is destined not to be a successful king!
"On August 18, the London government announced a factory relocation order, ordering more than 100 factories to suspend production within three months and relocate within six months.
On August 21, when the London stock market opened, the share prices of these companies began to plummet.
On August 22, London's stock market continued to fall. There was a small rebound in the middle, but it was soon overwhelmed by more orders.
Judging from the current situation, London's stock market will continue to fall. The two major financial markets of Paris and Vienna will soon be involved. This time, countries in the European continent should not want to be alone! "Kennedy's gloating analysis said
Everyone is happy, looking at others unlucky, always find a sense of accomplishment, especially competitors!
The greater the impact of the stock market crash, the more beneficial it will be for Bulgaria. At this time, they are all considered good if they don't fall into the trap. How can they be worried?
"What about the American countries? Especially the three North American countries, their economies are connected with the British Isles, what kind of impact will it have?" Ferdinand asked with concern.
"The North American stock market, affected by the London stock market crash, experienced a small drop yesterday, but it stabilized when it closed.
However, as long as the London stock market continues to fall, the global financial markets will be affected, and they cannot be left alone! "Kennedy said after thinking about it.
"Prepare to start Plan A and add fire to this stock market crash!" Ferdinand said lightly
...
When Bulgaria was about to fall into trouble, there were fierce quarrels within the United Kingdom over whether to rescue the market.
Although Prime Minister Macdonald paid a great price and successfully persuaded George V to support his rescue plan, the government and one or two consortiums did not depend on the government and one or two consortiums to rescue the market, unless the consortium was willing to burst the liver!
Obviously, this is impossible. Even if the royal family consortium agrees to save the market, it is impossible to do its best. It is impossible for the major shareholders behind the scenes to start fighting for the benefit of the British government.
Unless you can persuade most of the British consortium to join forces, even if you don't participate, you can't make them short, otherwise there will be no way to save the market.
"Your Excellency Prime Minister, the appetite of the consortium is too great, I'm afraid we can't satisfy it!" Chancellor Pete frowned and said
"What do they want?" McDonald asked suspiciously
"The consortium hopes that we will sign a "Special Industry Protection Law", including banking, petroleum, electricity, mining and other industries.
If this bill is passed, then the future British Empire will be the stronghold of the Trust Group, and no one or a political party can shake their status! "Pete said with a wry smile
MacDonald took a sigh of relief. Without looking at the specific content, he knew that this was a bill made by the major consortia to monopolize their respective fields.
Once such a bill is signed, they will wait for the stinks forever!
Of course, he is not so pessimistic. If they are willing to continue to cooperate with the consortium, he can also become one of the greatest prime ministers in British history.
To clean up one person, the British consortium still has this ability.
Although the British government is much stronger and can suppress the consortium most of the time, it has not been able to hinder their continuous growth.
"What are the consequences if we refuse?" McDonald asked concerned.
"The consequences are very serious. Now the London media are already criticizing us for not understanding the economy. Once the situation continues to deteriorate, we may be ousted by angry people!" Pete thought for a while and said.
"So, we have no choice now, right?" McDonald frowned.
"Yes, Prime Minister! The current situation, if the stock market cannot be saved, then the financial crisis is imminent, and there has been a run on the streets of London.
If we don't take action anymore, we will be in big trouble! "The Chancellor Pete replied with a wry smile.
"Well, if Congress can pass, I'll sign it. We don't need to come forward to propose a proposal, right?" McDonald said helplessly.
"Of course not. With their influence, there is no problem at all to pass a bill in Congress!" Pete said with a shrug.
To pass a bill in the UK, in addition to passing it in Parliament, the Prime Minister’s signature is also required, and of course the King’s signature is also acceptable.
Based on the choice of persimmons to find softness, everyone chose MacDonald without hesitation. Anyway, his prime minister's term is limited. After the current crisis, there are still a few years, but the crisis will soon be over. Step down.
They are unable to retaliate, nor dare to retaliate against the consortium. Although MacDonald is the leader of the Labour Party, everyone knows that the Labour Party has long been infiltrated by capitalists.
In the capitalist world, political parties are actually vassals of capitalists, including members of parliament, all of which are supported by capitalists.
Without the support of capitalists, where will the campaign funds come from? Without money, there will be no advertising. It is estimated that many voters do not know that you exist. Who will vote for you?
On August 24, 1929, the British Parliament passed the "Special Industry Protection Act" at lightning speed. From then on, these monopolies can enjoy more preferential taxes and more privileges.
On August 25, the British government teamed up with five major consortia to announce a rescue of 200 million pounds. The London stock market rebounded and the closing price rose 0.5% that day.
When the dawn came to light and everyone was celebrating it, a bolt from the blue came again.
It had been negotiated, and the nine countries shared the debts left over by the Russian Empire, and now they are overdue again!
Since the official split of the Russian Empire in 1927, the governments of the nine countries have never paid any more.
Now the West Russian government has announced that it should pay 36% of its debts this year. There is no way for the remaining debts. They really can't pay it now.
The East Russian government announced that it would pay one-third of its debt, and the rest will be overdue.
The remaining three countries of Finland, Belarus, and the Baltic Sea have also announced to pay 15% to 40% of debts ranging from 15% to 40%, and the rest have no money to pay.
Because of internal conflicts, the Polish government has not yet given a result, but it seems that they are not rich and can't count on it.
The Soviet Russian government is even more ruthless and directly declared financial bankruptcy, so there is no big brother.
As early as 1918, the Soviet Russian government did not have the concept of currency. Instead, various bills were circulated in the market.
Later, they also issued a new ruble. Unfortunately, in the Soviet Union, it is impossible to buy things without bills. How can this thing be recognized in the international market?
In July this year, the Soviet-Russian government made a request to the League of Nations that they wanted to use the new ruble to repay the debt, but it naturally failed.
Now they can only export some minerals to Japan in addition to using gold to repay their debts. Due to transportation restrictions, resource exports are also a drop in the bucket.
Poor foreign exchange reserves and the few golds are not enough to buy industrial equipment. How can they be used to pay off debts?
On August 28, the London stock market began to fall sharply as soon as the market opened. At this time, the 200 million pounds of rescue funds had been dropped by half.
Not only London, but also European and American stock markets have begun to fall. It is no longer possible to solve the problem by bailout.
One wave has not settled, another wave has risen.
After the debts of the nine countries defaulted, the new kingdom of Greece, which had no sense of existence, also followed suit and declared financial bankruptcy on the morning of August 29.
This is the Nth bankruptcy of the Greek government, and this is the third bankruptcy in George I's ruling career.
Although the debt of the Greek government is not much, but at this time, the financial market is already very fragile, and any turmoil may trigger a turmoil.
This time was no exception. The European banks that undertook Greek loans were run on, and then spread to other banks. The financial crisis was imminent.
On September 1, a small piece of news was published in a street newspaper in London, which once again detonated the stock market.
The content is very ordinary, without any appalling title. With the theme of "Burning Rubber Plantation", the article criticizes the brutal behavior of the rebels maliciously destroying the rubber plantation.
There are pictures and the truth, this very ordinary news quickly fermented, and then the rubber stocks collapsed across the board, becoming the first industry to collapse in the stock market crash.
Under the chain reaction, it soon spread to downstream industries, and automobile manufacturing and plastic processing enterprises were affected one after another.
One industry is implicated in another industry. As long as it can be touched, no one can escape. Under the chain reaction, all industries are affected.
As of the end of September, the London stock market fell from 1285 points at its peak to 156 points, but this is far from the lowest point.
It seems that the stock market in London now has nothing to think about but not impossible. All industries are falling all the way.
At this time, the stock market has spread to the banking industry. In just one month, more than 80 banks in London went bankrupt, and the run crisis broke out.
The banking industry is overwhelmed by itself, the physical industry is wailing everywhere, the capital chain is broken, a factory is forced to close down, and the streets are full of unemployed people.
This is the worst economic crisis in the history of the UK. The number of unemployed people in London is as high as three million, and the unemployment rate is as high as 58%.
Robbery, murder, rape, and various crimes were staged in the streets of this city. The Macdonald government was forced to mobilize troops into the city to maintain law and order.
Obviously, this economic crisis has affected more than just one London ~EbookFREE.me~The British Isles are all shrouded in the cloud of economic crisis.
As time goes by, it is spreading to all parts of the world, and the first to be affected are the three North American countries.
Because it has the closest relationship with the British economy and was the first to be affected. The scene that took place in London was also staged in the three North American countries.
First, the stock market crash broke out, followed by a wave of bank runs, and then the prelude to the wave of bankruptcies.
Because of the overcapacity, the products produced by the company cannot find a market, and can only be treated as garbage.
There is no way, the powerful companies start to lay off employees and reduce production, and the weak companies can only declare bankruptcy.
Because of the layoffs and bankruptcies of companies, a large number of unemployed people have appeared, people with purchasing power have become fewer and fewer, and the market has been shrinking.
The daily shrinkage is once again fed back to the company, where layoffs, production cuts or closures continue, and the number of unemployed continues to increase.
The beginning of the vicious circle has further exacerbated the spread of the economic crisis. No one in the capitalist world should want to be alone.
The British economy fell, followed by France, separated by a strait, and the French economy and the British economy have long been connected.
After the London stock market crashed, less than a week later, the Paris stock market also crashed. The tide of bankruptcy and unemployment brought the booming economy of the French Republic back to its original shape.
As usual, at this time the French government is about to change cabinet again. In fact, the French people have already begun to take action and are hitting the incompetent government.
Vienna, the financial center of Eastern Europe, could not be alone. At this time, it also followed in Paris's footsteps, and the stock market collapsed across the board.
Take the head to this multi-ethnic country that is undergoing national integration. The bad economic situation has once again stimulated suppressed domestic conflicts.
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