Li Zhongxin is waiting now, waiting for the dawn to appear. If there is no big accident, there will be a major stock market crash in the United States from 1987 to 1988.

Some time ago, Li Zhongxin asked Kyukiko to collect some things about the stock market crash in the 1920s and 1930s in the United States. He saw that on October 24, 1929, a massive stock market crash officially began.

This day can be said to be the darkest day in American history. Basically all stocks are the same, and all stock prices have begun to plummet. Everyone is afraid that the stock market will continue to fall, so they start to take away the stocks in their hands. On that day, the stocks that changed hands reached 12.895 million.

In just a few days, the US stock market fell by as much as 48%, and its market value evaporated by $9.5 billion. Thousands of people committed suicide by jumping off buildings due to bankruptcy, including 11 financiers.

After the stock market plummeted, a series of vicious cycles enveloped the United States at that time for ten years.

People suffered heavy losses, their desire to consume decreased greatly, and the backlog of goods was very serious. 5,500 banks went bankrupt, companies could not find financing channels, and all industries were in decline. The unemployment rate also increased unprecedentedly. One out of four people was unemployed, 34 million people had no income, and their lives were in a mess.

In just a few years, the national income of the United States has dropped by more than half, returning to the level 20 years ago.

New York Times reporter Bell Phillips once posted that those who came to knock on the door to beg for dinner at night "may have issued your loan readily in the bank months or a year ago, or have written editorials in the newspaper you read, or are the deputy manager of a large real estate company."

The irony is that just before the stock market crash, it was a bull market that lasted for several years. Everyone was full of confidence and believed that the stock market would continue to rise and good days would continue. People's consumption enthusiasm was very high, and the consumption model of installment payment became the mainstream consumption at that time.

At that time, the most popular consumption concept was "focus on the present and don't have to worry about the future." Because loans are very easy, many people began to look for more ways to make money, and stocks became popular under such a background.

Whether it is professional practitioners or ordinary people from all walks of life, eating, sleeping, or even dreaming about stocks. There are stories of getting rich overnight by relying on stocks, and many people have completed the initial accumulation of capital by speculating in the stock market.

At its peak, even the shoe kids who shine shoes on the street and the barbers in the hair salon bought stocks... Among them, 90% of the stocks are supported by financing. Financing the stock market has become an important part of the US economy.

However, while ordinary investors are confused by the rising stock prices and think that they can make a big profit from it, the stock market is manipulated by professional investors. Many financial people who make big profits in the stock market rely on not choosing the right stocks, but "cutting leeks".

In this way, many ordinary investors, with the money they borrowed from the bank, plunging into the stock market, dreaming of getting rich overnight. They didn't know that they had been played with in their hands and had no chance of winning.

Sure enough, after the stock market crash, the US Senate immediately investigated the stock market and found that there were indeed serious manipulation, fraud and insider trading.

Ordinary investors who know the truth have long regretted the past, but they have no choice but to continue to live hard with debts.

As I said, when an avalanche occurs, no snowflake feels that it is my responsibility. In fact, no snowflake is innocent.

After Li Zhongxin arrived in the United States, although he did not go to Wall Street in the United States! However, he could feel that the United States is almost the same as that time in 1929, and people are really optimistic about the US economy at this time.

When he and Bill were talking, they also talked about some issues about this. According to Bill, American banks are now constantly venting water, and this money is constantly pouring into the stock market.

Americans now have huge amounts of credit consumption, and basically everyone has a few credit cards in their hands. Many Americans even overdraw the money from their credit cards and invest it in the stock market, using such a sum of money to earn more money for them to squander.

Americans have already gained confidence in that period of 1929. They feel that the US economic growth is very fast, and now all stocks will still have a certain increase. They have not reached the peak of these stocks, and these stocks can still rise for a period of time.

Basically, residents in the United States have reached a consensus that buying American stocks will easily make them rich. If they want to leave the bottom of society and buy rising stocks, that is the best choice.

They are individuals, while listed companies are large companies, large companies have teams of large companies, and they have the advantage of making money.

A few years ago, some residents bought stocks of companies that have developed well, and at this time they have doubled. Some people even spent 1,000 US dollars to buy stocks. In two or three years, the stock of this thousand US dollar has become tens of thousands of dollars.

This huge profit-making method makes many people feel the crazy stock market. It is precisely such huge benefits that make people forget their previous fear of stocks, and they resolutely kill them.

There is an old saying that there is no one who has been smooth sailing all the time, and no one will encounter any setbacks in their lifetime. The same is true for the stock market. There is no market that only rises but not falls.

Stocks worth one yuan are rising constantly every day, reaching thirty yuan. At this time, everyone still thinks that the stock still has potential and can continue to rise.

However, once someone sells it, it will be different. People will wake up and realize that this stock is not worth much! The current price is really too high. If I don’t sell the stocks in my hand, these stocks will get lower and lower.

So, there were people who lost money to sell stocks. Everyone did this and there was a stampedeship on each other, which eventually led to a stock market crash.

At this time, Americans don’t know, and they won’t believe that a stock market crash that is even more terrifying than the stock market crash in 1929 will not take much time to come to them.

The Buddha said: "You can't say it." Li Zhongxin would not promote such a thing everywhere, and he knew even more that others said little. Instead of being said to be a rumor, he might as well not say this.
Chapter completed!