readytorunbook Chapter 277 Black Monday 4
Chapter 277 Black Monday 4
Colombia is the most industrialized country in the New World. This vast country has experienced several economic crises, and each time it has managed to recover.
As one of the most active countries in global economic affairs, Colombia is also heavily reliant on foreign trade. Now, Brittany Carlo, a symbol of the global economic center, is facing an unprecedented crisis.
The streets and alleys of Caro are teeming with frenzied stock speculators. They gather in this new continent city built of reinforced concrete and in the Caro Port stock market, continuing to pour loans and funds into this teetering domino of stocks.
Until—until the bubble bursts, until the mountain of cards piled up beneath the smooth exterior finally can no longer bear the weight, until people stare in disbelief, nearly collapsing, at the falling lines and the ever-spinning numbers.
Not only the Port Carlow stock market, but also the Wall Street stock exchange, which is deeply connected to it, was affected at the same time. The impact of economic globalization swept through any connected free market, from one end to the other, and the global stock and futures markets almost collapsed at the same time.
People were too reliant on stock speculation and had too much faith in the free market. Their investments were never recovered, and almost simultaneously, people lost all their savings.
Initially, the Colombian and Brittany governments still tried to salvage the situation, claiming it was just an accident and that the national economy was still in good shape. They even mobilized many large capitalists to try to save the market.
But the power of the bubble bursting has exceeded everyone's imagination. One million, ten million, fifty million... money was poured in, but it still couldn't stop the continuous decline in numbers. The number of people who went bankrupt overnight was beyond people's imagination.
Which falls faster, a person's body or stocks? People see people rushing out of high-rise windows, see well-dressed figures falling to their deaths on the ground. These people were once incredibly successful, they once held vast fortunes, but now they have nothing, and some have even ceased to exist.
The government still couldn't save everything. Brittany's top officials held an emergency meeting with the Amerlane authorities. The country's substantial state assets were Amerlane's solid shield, but Colombia couldn't find a partner to cooperate with.
The current government's popularity has plummeted, the current president's votes have soared, and impoverished people have taken to the streets, abandoning the traditional two parties and turning to the Colombian Socialist Party and the Colombian Supremacist Party for solutions.
Under various pretexts, the two parties began to form all sorts of paramilitary groups. In Chicago, the stronghold of the Colombian Socialist Party, workers' pickets were formed among the workers. In the South, Longy Hugh of the Colombian Supremacist Party also established the so-called "Grey Shirts." These traditional conservative forces, composed of ranchers, plantation owners, and others, united within Longy Hugh's Colombian Supremacist Party and swore to fight for Colombia.
Thanks to the Second Amendment to the Constitution, firearms are not difficult to obtain in Colombia. The Second Amendment has led to a gradual increase in the intensity of violent conflicts in Colombia, and society has become increasingly volatile—until the Colombian general election in mid-673.
"Juan, 22 percent of the votes!"
"Carter Angerfield, thirteen votes!"
"Lang Yi Xiu, 30 percent of the votes!"
"Jack Reed! A majority of thirty-five percent!"
Members of Congress watched the outcome with a mixture of shock, excitement, and silence. The Colombian Socialist Party candidate, Jack Reed, had won the presidency of Colombia, sending a jolt through the entire parliament building.
This is not a good outcome for members of Congress of the United States. The rise to power of either the Socialist Party or the Supremacist Party will further tear the United States apart.
"Whether it's Ronnie Scheu or Jack Reed, their rise to power would definitely lead to this outcome."
Alice, watching the news, said, "Black Thursday" is a serious crisis for the whole world. Although the memory has not been fully recovered, Alice believes that this unprecedented global economic crisis will inevitably lead the world to extremism.
"Comrade Jack Reed has succeeded! The workers of Colombia will be liberated!"
Sogra Carter was excited, but Alice wasn't so excited. This was just the first step in a series of storms. Jack Reed's victory was just the beginning of the whole country falling into conflict.
"It's not that simple~ Those capitalists, those ambitious people, won't stop there."
Alice pondered: In this world, only violence is the means of implementation, and only struggle is the continuation of development.
"We'll wait and see. In just a few days, things in Colombia will become even more complicated."
Alice could foresee the future; she felt that this was a long-awaited opportunity and would be the first step in a world revolution.
As Alice predicted, the victorious Jack Reed entered the presidential palace in the District of Columbia. Inside the snow-white, palatial building, Reed was sworn in as president. The Stars and Stripes and the black and red flag fluttered in the wind. Jack Reed quickly announced several resolutions, declaring that he would "peacefully transform the United States of Colombia into a nation of workers."
Such remarks naturally drew much criticism, and just one week later, Colombian Army General Mike Douglas announced an advance into Greater Columbia.
"President Jack Reed is unable to perform the duties of a constitutionally normal president. The Colombian Army, as defenders of the Constitution and democracy, will enter the Special Administrative Region. The entire country is now at a critical juncture."
Tanks, armored vehicles, and soldiers entered the special zone. When the soldiers stepped into the presidential palace, they discovered that Jack Reed had already left and headed north to the Great Lakes Steel Belt, the stronghold of the Colombian Socialist Party, also known as the Colombian Union of Trade Unions.
The people of Greater Columbia warmly welcomed the Colombian army and Mike Douglas into the city. But not everyone liked him, especially after Douglas announced a constitutional amendment: "When neither the president nor the vice president is able to perform their duties, presidential power shall be transferred to the Chief of Staff of the Armed Forces."
News of Mike Douglas's self-proclaimed presidency spread throughout Colombia, and local National Guard and militias, except in areas where the military held power, flocked to his side.
In Colombia's "Iron Belt," the Allied labor unions centered around Chicago in the Great Lakes region gained control, and the workers' pickets and armed groups announced the formation of a "Second Great Army" to protect the interests of all Colombian workers.
In the southern states, the Colombian Supremacist Greyshirts and surrounding militia forces are growing in strength, and Longy Correction is mobilizing more and more militias and National Guard troops.
The “Columbia West Coast Federation” was established in the western states of the west coast, isolated by desert and snow-capped mountains, west of the Rocky Mountains. They declared their continued defense of democracy and freedom in the United States and their opposition to the syndicate, Longy Hugh, and Michael Douglas.