Chapter 1316 - Dark Clouds

In 1929, a financial crisis broke out in the United States, which then spread outward and formed a world economic crisis. The unprecedented crisis that broke out in the capitalist world from 1929 to 1933 was the unprecedented and longest-lasting world economic crisis.

In this crisis, a large number of banks collapsed, products were piled up, enterprises went bankrupt, the market was depressed, production dropped sharply, the number of unemployed people increased dramatically, credit relations were seriously damaged, people's living standards dropped sharply, farmers' incomes dropped sharply, many people were on the verge of bankruptcy, and the entire social and economic life fell into chaos and paralysis.

In just four years, the world was deeply trapped in the economic crisis. The industrial production of the entire capitalist world fell by 40%, and the industrial output of various countries regressed to the end of the 19th century. The total trade volume of the capitalist world decreased by 2/3. A total of 290,000 enterprises in the United States, Germany, France, and the United Kingdom went bankrupt. The number of unemployed industrial workers in the capitalist world reached more than 30 million, and the number of unemployed people in the United States was more than 17 million. Millions of small farmers went bankrupt, and the unemployed population was displaced.

The inherent contradictions of the capitalist system caused by the economic crisis have caused political turmoil in capitalist countries, intensified the contradictions between capitalist countries, and led to a series of tariff wars, dumping wars and currency wars.

It was also this crisis that led to the outbreak of World War II.

After all, in a crisis, resolving the crisis through war will always appear to be efficient.

If you lose, you will have nothing!

If you win, you will redistribute the world, and the crisis will naturally be over!

This economic crisis is so similar to the one in 1929.

It was also triggered by the United States, affecting the whole world and leading to the outbreak of the world economic crisis.

The same destructive power is amazing!

It also caused the outbreak of warlike hearts in some countries, and the society was in turmoil.

This has to make many people around the world worried, worrying that just like the Great Depression in 1929 that triggered World War II, this global economic crisis will lead to the start of the S3 season.

Einstein's famous saying "I don't know what it will be like if World War III starts, but if World War IV starts, stones and sticks will definitely be used as weapons" once again resounds around the world.

European countries such as Sweden and Finland even distributed radiation prevention manuals nationwide, which triggered a rush of people to buy iodine, chemical protection suits, etc.

After all, for the younger generation, the nuclear cloud is too far away and they have never experienced it. But for the middle-aged and the older generation, the nuclear cloud has long been hanging over their heads. Even every time the TV station broadcasts the Soviet Union's West-81 military exercise, they can't help but shudder and have nightmares at night.

This time, with the arrival of the economic crisis, the performance of EU countries is also mixed, and some countries have even made a lot of jokes.

But what is more frightening is the worry about the arrival of World War III.

In Europe, TV stations occasionally broadcast documentaries of the West-81 military exercise, and the West-81 military exercise documentary on the Internet has become popular again.

Many young Europeans know how powerful the Soviet military was back then.

The Soviet Union was at its peak back then, and its military strength is still incredibly powerful even now.

More than 20 years have passed, and NATO has been in a state of "brain death". The United States is no longer able to lead and maintain NATO as it did in the past. Every NATO meeting almost became a stage for NATO countries to quarrel.

The presence of the European Rapid Reaction Force is even stronger than that of NATO!

However, with the arrival of this economic crisis, Europe and Russia signed an energy supply agreement. Europe wanted to lower energy prices, but Russia was unwilling to do so. After all, Russia's current economic development relies heavily on energy exports.

After finally signing a high-priced energy export agreement with Europe, how could Russia be willing to lower the energy export price and sign a new agreement.

It was only after Russia signed a new energy export agreement with Europe and won a big victory that it wanted to use the big victory to force China Petroleum Group Corporation to make concessions and change the prices in the previous long-term supply agreement.

But no one expected that China Petroleum Group Corporation would not give in at all.

As a result, when Russia was about to prepare a big move, Liu Tao started two fires, which made Russian energy companies tremble all over, and they were afraid of losing the Chinese market.

After the outbreak of the economic crisis in the world, the financial crisis is bound to have a huge impact on the global economy, especially on those countries that rely on exports, such as Japan, South Korea, and Australia.

As market demand in developed countries such as Europe and the United States decreases, countries that rely on exports will inevitably be seriously affected, leading to slower economic growth or even negative economic growth.

What countries need now are orders, exports, and markets!

And there is no doubt that China is a huge market!

It is needed by all countries!

Just after completing the national snow disaster relief work, before holding commendation conferences at all levels, a voice began to appear on the Chinese Internet and public opinion field-saving the United States is equivalent to saving China!

This voice is growing rapidly.

It is hoped that by purchasing US Treasury bonds and increasing holdings of US dollars, the United States can survive the economic crisis and thus save China's export companies.

This voice appeared last year, and it was also very loud, but it later became weaker.

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And this time, this voice has become louder again.

This voice lists various reasons. First, Bank of America is one of the largest banks in the world. If it goes bankrupt, it will cause huge shocks in the global financial market and may trigger a larger-scale financial storm. This will have a great impact on trade and investment among countries around the world. As the world's second largest economy, China will definitely be hit hard.

Secondly, if Bank of America goes bankrupt, its customers' deposits and investment assets will face serious losses. This will have an extremely bad impact on the US economic system, causing huge setbacks to the economy of all walks of life in the United States. This will further lead to the depreciation of the US dollar. For China, this is also a moment of terrible risk. China's export and budget policies may be affected, and the stability of the economy will be seriously threatened.

Third, as one of the largest consumer markets in the world, China has a huge market size and financial resources, which will also have a certain buffer effect. However, China is the world's largest foreign exchange reserve country, especially holding a certain amount of US Treasury bonds and US dollar reserves. Therefore, once a crisis occurs in the US financial industry, the impact on China's foreign exchange reserves and foreign exchange market will be catastrophic, which may further threaten China's economic operation.

Various reasons are analyzed to analyze why we should help the United States through the financial crisis.

But they just don't say what price the United States should pay.

As if China's help is natural.

There is even a meaning, that is, giving China the opportunity to help the United States is a kind of charity.

Sometimes it is so funny, some people have soft bones, and they can't stand up after kneeling for a long time. Some people are used to being dogs and never thought that they can be human.

As I said, the second devils are more hateful than the real devils! (End of this chapter)