President Meng is not wrong in his estimate, although the gold selling plan he threw out has not been discussed by the US Congress, but many brainless congressmen, like President Meng's free propagandists, are constantly promoting the news that gold will also depreciate significantly.The news is constantly spreading and fermenting.Speculators throughout the United States began to systematically monopolize the gold market, and in order to ensure that the government did not thwart their plans by selling gold, they hired the president's brother-in-law, Bel Corbyn, to exert influence over the White House.After they succeeded in believing that Grant and the two men were in cahoots, the two profiteers began to buy gold in large quantities, increasing the price of gold by $235 per ounce in four days.At this point, Grant realized that he had been fooled and ordered the Treasury to sell $40 million, which caused the price of gold to plummet.People call this day Black Friday, and it is on Friday that many investors and some businesses go bankrupt due to the large purchase of gold.Although President Moe's remarks in the U.S.
Congress were the trigger for Black Friday, this large-scale hype had nothing to do with President Moe, he didn't participate, and no one could find his trouble.However, President Moe will not give up harvesting.While waiting for the U.S.
Congress to pass his arms purchase plan and pass the bill to support the Olympic Games, President Meng quietly watched the gold market in the United States and made a bold decision to exchange his foreign exchange worth more than 260 million taels of Chinese official bank for gold.Before the Americans reacted, almost half of the gold flowing in the American market was hollowed out, and there were two conditions here, the first is that the gold market flows very fast, and the second is that the president has money, and if he changes others, this effect will not be achieved.At this time, the liquidity in the hands of President Meng was like a flood that washed over the gold market in the United States, and it was unstoppable.The price of gold began to skyrocket, and the contradiction between the poor and the bourgeoisie, who had lost gold in the early stage, intensified, once again pushing the United States into the abyss of economic crisis. ”Princess Katrina Kaef looked out the window at the long queue of people waiting to receive their benefits, many of them dragging their children, "Many of them have not eaten for days. ”President Meng calmly looked out the window, these people had nothing to do with him, he just took advantage of the ups and downs of this economic crisis to take a drink.President Meng is not a god, it is impossible to bring economic crises to the world by relying on the strength of one person, and there will be a panic economic crisis in capitalist countries every few years, which is unavoidable, and it is also the most direct manifestation of capitalism's backwardness in the system compared with redism.It's just that in the initial stage, in the stage of primitive accumulation, a small number of strata can be able to repeatedly promote each other for colonial rule and military reinforcement through faster grasp of wealth, but the essential and political defects are often ignored by people who have not thought deeply, and some people even blindly worship that capital is the best.President Meng wouldn't think so, as a good young man of redism, of course his vision would not be so narrow."
If I lose in the stock market, not only will I have nothing, but the entire Danzhou, I don't know how many people will starve to death," President Meng said lightly.Princess Katrina Kafu sighed and nodded: "What you said is also right, this world is too cruel, it seems that I am still not suitable to be an agent."
Everything you say is right. ”President Moe glanced at Princess Katrina Kaf, "That's right, you're not suitable to be an agent, but it doesn't mean that you're not suitable to be a secretary, you're doing a good job." ”The crisis was accompanied by deflation and a collapse in prices.The general situation at that time was: during the crisis phase, prices plummeted; In the depression phase, prices hovered at low levels; In the recovery stage, prices rebound; In the upsurge stage, prices rise rapidly; When the crisis erupts again, prices fall sharply.And so on and so forth, with ups and downs.This ups and downs are governed by cyclical changes in market supply and demand and cyclical changes in the money supply, which operate spontaneously with less state intervention.As a result of the development of state intervention, the situation has changed, and prices have continued to rise instead of falling during the crisis.In the United States, for example, there have been seven economic crises, with only the first two crises showing a slight decline in prices, and the rest of the crises rising invariably.First plummeted, then skyrocketed, President Meng is not a fairy, no foresight, but he knows that the price of gold is at a stage, it is definitely a huge bargain, President Meng is not wrong in his estimate, in less than a week, his liquid wealth value of more than 260 million taels of Chinese official silver has skyrocketed again, and the value of more than 988 million taels of Chinese official silver has almost exceeded 1 billion taels of Chinese official silver, which has far exceeded President Meng's expectations, which is in the United States, put in Europe, there will be no such exaggeration, The industry in the United States at this time was already very large.The market economy cannot eliminate the root causes of economic crises, and economic crises erupt periodically.This cyclical nature of the economic crisis makes capitalist reproduction also appear cyclical, and this cycle consists of four phases: crisis, depression, recovery and upsurge.Crises often erupt at the height of the capitalist economy, when the contradictions of capitalism reach their most acute level.The crisis first appeared at one link in the flow of goods, then quickly spread to various sectors, and finally led to serious disruption of the entire socio-economic activity.A crisis is the decisive stage of the economic cycle, the end of the previous economic cycle, and the next.The crisis was followed by a depression phase.In the depression phase, the phenomenon of the supply of commodities exceeding the demand for the ability to pay has eased, production has not continued to decline, and the number of unemployed has not increased, but the surplus commodities have not yet been completely sold, the purchasing power of society is still very low, and the social economy is in a state of stagnation.After the depression phase, the market situation improved, production began to gradually pick up, and the economy gradually got out of stagnation, so the depression phase transitioned to the recovery phase.In the recovery phase, due to the expansion of the market, prices began to rise, and profits gradually recovered, which stimulated capitalists to increase investment and expand production.With the continuous expansion of production and the gradual acceleration of the development of the capitalist economy, social production has exceeded the highest point before the crisis and entered the upsurge stage of the economic cycle.During the upswing phase, the entire capitalist economy showed a scene of prosperity.However, the boom in the capitalist economy is only temporary, and the boom contains the harbingers of a new crisis.With the continuous expansion of social production and the development of the various contradictions of the capitalist economy to a sharp degree, the crisis will inevitably erupt again.The capitalist economy has entered the next cycle.In the course of the development of the capitalist economy, economic crises are cyclically repeated, and the interval between crises shows a certain regularity.Since 1825, when there was the first general economic crisis of overproduction in Britain, subsequent crises occurred in the years 1836, 1847, 1857, 1866, 1872.President Meng learned that these countries, with the United Kingdom as the most high-end example, every five or six years, can not avoid an economic crisis, which also caused President Meng to think deeply about the future direction of the system, just blindly learn the German system, no, President Meng's system is by no means like Japan blindly to learn Germany, learn Britain and France, he has his own things, education system and industrial development model, President Meng will learn Germany, but President Meng's politics, join more of his own things, is familiar to him, What has been proven in the 21st century, far faster than the development speed of other countries, belongs to China's content, and belongs to China's glory.During the period of free capitalist competition and the transition to monopoly capitalism, such a worldwide economic crisis occurs almost every decade or so.The period between the outbreak of one crisis and the beginning of the next crisis constitutes a cycle of reproduction, or economic cycle.Not only in previous societies, there were periodic economic crises, but even in the early days, economic crises were irregular.At that time, because the large industry was not developed enough, the reproduction of fixed capital had not yet been able to become a decisive factor affecting the development of the whole social economy, although there were frequent economic crises in Britain at that time in 1788, 1793, 1797, 1803, 1810, 1815 and 1819, but their emergence and alternation were irregular, and from the perspective of the whole society, the crisis was still a local or local one.It is only when the large-scale machine industry develops to the extent that it has a decisive impact on the production of the whole society that the local and local crises gradually turn into periodic economic crises of overproduction that affect all major industrial sectors and shake the entire economy and society.The first crisis that broke out in England in 1825 was the first such crisis.Although the renewal of fixed assets is the material basis of the economic cycle and has a significant impact on the length of time between crises, this point cannot be absolute.The above argument was valid for the perfectly competitive market after 1825 and for the monopoly market before the Second World War.In addition to the renewal of fixed capital, there are also policies and measures for the state to strengthen economic intervention through macroeconomic regulation and control.These policies and measures can delay or accelerate the outbreak of the economic crisis to a certain extent, and the situation is complex, and in contemporary times, the length of the economic cycle cannot be explained by the factor of fixed asset renewal alone.Regarding the cyclical nature of economic crises, there are two issues that need to be studied.One is cyclical and the other is the length of the cycle.The reasons for the cyclical nature of crises should be found in the movement and changes of the market economy.Although this basic contradiction runs through the entire process of economic and social development, it is not in the midst of serious intensification at all times, but is sometimes acute and sometimes relaxed, showing a state of wave-like development.The economic crisis is the product of the intensification of this contradiction to a certain extent, which in turn in turn is temporarily and forcibly alleviated by the destruction of the productive forces.However, a crisis cannot eliminate contradictions, and after one crisis has passed, along with the recovery and development of the economy, the basic contradictions will gradually re-intensify, making another crisis inevitable.As for the reason for the length of the cycle, when the state's macroeconomic regulation and control does not exist, it is mainly determined by the cycle of fixed asset renewal.The renewal of fixed assets is the material basis of the economic cycle.The renewal of fixed assets will inevitably lead to a large demand for production factors such as machinery and equipment, thereby promoting the recovery and development of capital goods production.This, in turn, will increase employment, increase the purchasing power of consumers, and expand the market for consumer goods, thereby promoting the recovery and development of the production of consumer goods.Therefore, the renewal of fixed assets prepares the material conditions for the economy to get out of the crisis.At the same time, it will cause a new round of overcapacity, providing the material basis for the next economic crisis.In a perfectly competitive market, when we look at material wear and tear together, the fixed assets of the most decisive sectors of large industry need to be renewed in about 10 years on average, and this average life cycle of fixed assets is an important factor in determining the economic cycle and creates a material basis for the interval between periodic economic crises.The outbreak of the economic crisis has intensified the deepening of various contradictions in society.It is mainly manifested in the fact that the economic crisis has caused a huge waste of social wealth and caused serious damage to the social productive forces.The economic crisis has further deepened the basic contradictions of capitalism.The economic crisis has further exacerbated the class contradictions in capitalist society.The economic crisis has exacerbated the contradictions between developed countries and between developed and developing countries.Economic Crisis: According to the empirical data of world economic development, since 1825, when Britain began to have its first periodic and widespread overproduction crisis, it has occurred at regular intervals.The economic crisis has dealt a heavy blow to the world, exacerbated social contradictions like never before, and put an end to the false prosperity that emerged in the twenties.The crisis has brought great disasters to the peoples of all countries, aroused people's dissatisfaction with the social system, and raised the sentiment of opposition to the social system.Strike movements, mass demonstrations and peasant movements were on the rise.The people of developing countries have also launched a struggle against foreign transfer of crises.The economic crisis has further exacerbated the contradictions between countries.Tariff wars, dumping wars, and currency wars have led to the constant fragmentation of the world, with the emergence of various monetary blocs and economic blocs.Prosperity and crisis are always closely related and coexist.When developing their economies, countries should not only focus on direct benefits, but also focus on the future to ensure sustainable economic development.In order to be soberly aware of the potential crises that may exist in economic development, it is crucial to prevent them from occurring.Second, in the process of economic development, all governments and countries with different systems should adapt themselves to the continuous development of the economy, adjust their internal mechanisms and policies in a timely manner, and constantly coordinate international relations to create a good domestic and international environment for sustained economic development.Third, once an economic and financial crisis occurs, all governments and organizations of various countries should shoulder their respective international responsibilities and obligations, so as to effectively contain the crisis and prevent it from worsening, expanding and prolonging.Governments and international organizations should fundamentally abandon the beggar-thy-neighbor policy of self-protection and the means of passing on the situation, and international cooperation is particularly important in today's world, where the trend of regional economic grouping and global economic integration is intensifying.The circulating wealth in President Meng's hands at this moment suddenly reached 2,125 tons of gold.The gold stored in the storerooms of more than 40 banks in New York belongs to President Moe, and the gold circulation on the market is far from enough, this is an economic sweep, but it's a pity that Ito Hirobumi is not there, if Ito Hirobumi knows about this, it is estimated that he will be mad and scared to death, which is the regret of President Moe.In just a year and a half, President Meng made the more than 2 million taels of Chinese official silver that he got from Xuan Zonglu into 2,150 tons of gold.The amount of gold reserves in the hands of President Meng alone now has exceeded the gold reserves of the entire Qing Kingdom, and the circulating gold of the entire United States has almost been emptied.t1706231537: