Chapter 840 Black Monday

In recent years, the US economy has been in a downturn. After all, the high income of the United States in the past was based on the exploitation of other countries. The way of exploitation is the dominance of the US dollar. The global currency is the US dollar, which means that the United States only needs to print money to buy things. This is simply a free-for-all.

The large amount of currency issued by the United States will gather internationally and be dispersed to various countries. Anyway, any country that imports something has to pay in US dollars. In this way, the US dollar is the strongest.

Once upon a time, the US dollar was pegged to gold, and then it was pegged to oil, which gave the dollar enough value. But what about now? The dollar is not pegged to anything!

💖 *This chapter crawled from wtr-lab.com* Visit **wtr-lab.com**​​

This means that the US dollar has lost its use value! The international sale of US dollars is actually already underway, and the destination of these US dollars is the United States!

After all, it was issued by the United States. If it does not flow back to the United States, where else can it go? This is an inevitable result!

However, it is not easy to spend US dollars in the United States. After all, the US dollar is used for international trade settlement, and the United States will never store a large amount of other countries' currencies for other countries to exchange.

Therefore, if you want to spend dollars in the United States, you can only buy goods. In this way, the result is an extreme. The US economy is in recession, but the prices of goods are very high because they are all raised by the returning dollars! For example, as an important real estate, real estate in the United States has always been in short supply, which has led to an increase in the price of commercial housing in the United States, and the people in the country can no longer afford to buy houses, all of which are bought by the hot money flowing in from outside.

**[Loading...]** Full chapter available on WTR-Lab. Click to continue reading →​​

However, no matter what commodity it is, there is always a limit, and it is impossible to accommodate the returning hot money indefinitely. Therefore, the only ways for more US dollars to flow back to the United States are the stock market and futures markets.

Therefore, although the US economy is in recession, stimulated by the inflow of US dollars, the US stock market and futures market are thriving.

Otherwise, the shale oil industry alone will not be able to support the US economy. The prosperity of the stock market is also the driving force behind the continued development of the US economy.

This chapter brought to you by WTR-Lab ↠ Instant access to 10,000+ web novels!​​

At the same time, due to the economic downturn, bank interest rates are extremely low, and ordinary people are more willing to put their savings in the stock market. In any case, the American people have a high level of financial management awareness.

Although the stock market is thriving, some far-sighted economists have realized the great risks inherent in the U.S. stock market. After all, the stock market still needs the support of the real economy. If the real economy is not developing and the country's GDP is almost negative, at this time, the stock market will continue to rise. The risks are very high.

Even if there is a bubble, who dares to burst it? The US economy can only rely on such false prosperity now, right?

📱 *Mobile-optimized reading!* No lag → **wtr-lab.com**​​

As for ordinary small investors, they understand even less about this. They only know that the stock market is constantly rising, and the funds they deposit in the stock market are also constantly appreciating!

At the same time, there are a large number of people who have lost their jobs and rely entirely on the stock market for their livelihood. Now, before the exchange opens, the outside is already crowded with waiting stockholders, with excitement on their faces, looking inside through the glass doors and windows.

When the bell rang, the glass doors opened and people rushed into the stock exchange.

Love this translation? Read 5+ chapters ahead at **wtr-lab.com** - No registration required!​​

At this time, the big screen in the center was starting up. They stared at the big screen, waiting for the self-check to be completed and the market conditions of various stocks to appear. Some people chatted privately about which stock would be the most profitable to invest in.

"I think shale oil companies should be the first choice. After all, shale oil is the most profitable industry now."

"I heard that there is a problem with shale oil in Texas and the production has dropped sharply?"

"Those are just hearsay. Our national economy now depends entirely on oil. How could there be any problems? Don't worry. You see, the share prices of shale oil companies are very high now. Buy early and benefit early. Don't you know? Our Vice President Bush runs an oil field in Texas. How could there be any problems with shale oil?"

Why read excerpts? Dive into **complete novels** → **wtr-lab.com**​​

While they were discussing, numbers finally appeared on the big screen. The day's trading was about to begin!

Wait, what's going on? Everyone's eyes turned to that place. Why is the number above different from the number before the end of Friday? It didn't go up, but went down a lot?

🚫 *Stop scrolling!* Your next favorite novel awaits → **wtr-lab.com**​​

The Dow Jones Industrial Average, which serves as a weather vane, fell 67 points at the opening!

What happened? While some stockholders were stunned, some stockholders who were quick to react had already rushed to the trading counter. Who cares? They just wanted to sell the stocks in their hands first! They couldn’t let the stocks fall on their hands!

It’s fine when the price goes up, but now it’s falling, anyone who doesn’t sell is a fool!

🔥 *Hot New Release!* Translated with **95% accuracy** - **wtr-lab.com**​​

In a blink of an eye, selling orders surged. The entire stock exchange was in chaos. Under the pressure of the overwhelming selling orders, the screen was full of falling red plates, and there was no sign of rising green waves. Stocks fell without any warning!

There was panic in all stock exchanges, and at the same time, the futures market, which was closely linked to stocks, was also in chaos. From 9:30 a.m. to 11 a.m., the Dow Jones Industrial Average continued to fall, a situation that was quite similar to the stock market crash in 1929!

No one knew how to contain the worsening situation. After careful deliberation, at 1 p.m., the chairman of the SEC spoke at the HSD and said, "At a critical moment, although we don't know when that critical moment will be, I will discuss with the stock exchanges the possibility of temporarily closing the exchanges."

🔔 *Update Alert!* New chapters drop hourly ↠ **wtr-lab.com**​​

The exchange was about to be temporarily closed! This news made the situation even worse, causing a panic. Because once the exchange was closed, traders would not have time to sell their stocks, their stocks would be worthless, and thousands of dollars would be reduced to ashes! So, in order to avoid losses, they had to sell their stocks quickly, and the Dow Jones Industrial Average plummeted like a demon! At the same time, just after the news was released, the chairman of the US Securities and Exchange Commission regretted his words, which exacerbated the panic!

In just one hour, the stocks displayed on the screen had dropped 250 points! However, this was not true, because the massive sell-off of stocks caused the computer processing speed to lag behind seriously, and this trend continued! When the stock market closed at 4 pm that day, the Dow Jones Industrial Average fell by more than 500 points, a drop of more than 30%! The face value of stocks equivalent to more than 400 billion US dollars of France's annual GDP was wiped out in one day!