The impact of the reappearance of Black Monday is not only that it has hit the stock markets of countries like the United States and has caused several smaller investment banks to go bankrupt.

In addition to letting more than half of the assets in most investors evaporate, the thing that concerns the United States the most happened when the stock market reopened on Friday.

"Dangdangdang!"

On this day, the Wall Street stock exchanges rang a new round of listing bells.

After a week-long stock market crash, with the injection of large amounts of funds from the Mid-Federal Federal Reserve as the premise and several technologies with good prospects, industrial stocks rang the bell on Friday as the background. All the senior American executives who do not want the stock market to collapse intend to take Friday as an opportunity to recover the downward trend of the stock market.

After all, if the stock market continues to evaporate like this, it will be more than the numbers on the books.

The assets in the hands of ordinary people have shrunk significantly, and a large number of middle-class people have gone bankrupt. Coupled with the soaring prices and housing prices, it is very likely that the United States' economy will retreat further 10 years.

10 years!

Since the financial crisis in 2008, the United States has finally managed to break free from the quagmire of the subprime mortgage crisis with its international hegemony.

Now, let’s go backwards in another 10 years. I wonder how many Americans are going to stand on the skyscrapers on Wall Street to make a leap of faith.

So, the Federal Reserve, the US Taxation Bureau, the Parliament, and all parties began to intervene, and a large amount of funds began to be injected into the rescue of the market.

However, after watching the Dow Jones Index rise by hundreds of points, a green and halved downward trend that could not be defended once again shattered the dream of these American giants to save the market.

“What’s the situation?”

"Why did it fall again?"

"It was obvious that a large amount of funds were injected into the stock market within 2 hours after the market opened, and the stock index also rose a little... Why... Why is this?" A Wall Street securities boss smashed the newly opened champagne to pieces with disbelief.

"BOSS...is not good...Detroit..."

"Just 3 minutes ago, Detroit was declared bankrupt!" A blond secretary exclaimed while covering his mouth while staring at the news pop-up window on the computer screen.

You know, Detroit is an industrial city that symbolizes the rise of American industry.

When it was its peak, giant companies such as General Motors and Ford Motor in the United States all settled their production bases here.

In addition to the automobile industry, the next series of parts manufacturers in the city, such as during World War I and II, the US aircraft, tanks, and metal industry processing were all gathered in the huge satellite city of Detroit.

However, with the decline of the machinery industry and several economic crises, Detroit, the former automobile city, has long been overwhelmed. In addition to the rising unemployment rate, the flood of gangs in the city, coupled with the entry of several large casinos, has accelerated the decline of this old automobile industry city.

Now, the stock market crash that has been in the United States for nearly a week has directly declared bankruptcy by the already overwhelmed city government of Detroit. This is also the largest city bankruptcy in the history of the United States.

When it comes to the bankruptcy of this city, we must first examine the federal system of the United States.

In addition to giving local governments a certain degree of financial and legal freedom, the biggest advantage of the United States' state and county autonomy is to free the US Congress from its economic dependence on subordinate states and counties.

Now, an old industrial city with a population of nearly one million suddenly announced a filing for bankruptcy protection, which made the Federal Parliament stunned!

Because as soon as Detroit filed for bankruptcy protection, the federal government will take over the muddy city finances.

And it can only be waited until a few years, or even decades later, that the Detroit economy has escaped the brink of bankruptcy, and then it can return the city's finances to the Detroit city government.

Damn it!

This just squeezed out a huge sum of money to save the market!

Before he could recover for a few hours, he turned around and was stabbed in the back by the news of "Detroit bankruptcy". Any American leader would have jumped in anger!

Because, as the news of Detroit's announcement of protection spreads, it not only puts a financial burden on the US federal government, but also increases the distrust of investors in the US economic trend.

This sudden Dow Jones Index dive is the best proof!

Good guy, not only are investors selling wildly, but even some investment banks that intend to protect themselves are selling wildly.

In less than half a day, a new round of circuit breaker bells was once again struck in the New York stock trading market.

As for how many people were lined up to jump down from the tall buildings on Wall Street that day, it is estimated that only senior officials from the Ministry of Health and Public Services of the United States knew about it.

...

"Does Detroit go bankrupt?" When Chen Hao learned the news, he was accompanying his roommates at 348 to take the course that must be learned in architecture in art appreciation.

As for his hands, he was fiddling with a mobile banking app in the cracks of his desk.

"yes!"

"If you say it goes bankrupt, it will go bankrupt. This week's US stock market crash caused a lot of controversy."

"A few relatives in my family who love to trade stocks are said to have withdrawn their funds." The boss Wen Biao whispered aside. The other roommates also followed suit, and there was a momentum of "stocks" changing color.

"By the way, Fourth Brother, you have been pressing it down for a long time. What kind of mobile game are you playing? So excited?" The fifth brother Chen Wei looked puzzled.

"It's not a game, I'm transferring money to someone else."

"They all borrowed money before, and they have to pay back the principal and interest." Chen Hao pursed his lips and showed a strange smile.

As for his eyes, there was a hint of flesh pain.

"Flower rub!"

"Fourth brother, I heard it right?"

"Your family is so rich, and you still have to borrow from someone else?"

"Come on! Hurry up and let me open my eyes and see how this rich second generation pays back the money." The second brother Zhou Jun joked with surprise. As for Chen Hao's hand, he reached into the table bucket.

Then a series of bumpy scrambles came out of the table bucket, and after Chen Hao's [Future Mobile] was scrambled out by 348's roommates.

The transfer information displayed on the mobile phone screen directly shorted the brains of the funny guys present!

Because even the smallest transfer amount has reached RMB 5 million.

Even the third brother Jiang Zesheng couldn't believe that this was true, was rubbing his fingers at this time, and one of the transfer records was located in the number of numbers.

"Two, ten, hundreds, thousands, hundreds, hundreds of thousands, million... and so on...whether the two zeros after the decimal point?"

"Last brother, aren't you blind? What decimal point, don't you see that these are zeros? This string is enough to make candied haws!"

"My God! Five...five million?"

"Second, which bank are you snatching it?"
Chapter completed!