Chapter 426 Full-scale counterattack, US stocks plummet



The dramatic rebound in financial markets across Asia has resulted in heavy losses for Wall Street and squid capital.

Seeing the potential for growth, more speculative capital and private funds joined in, creating a frenzy among the bulls everywhere.

By October 15, Asian stock markets, which had survived a three-month stock market crash, had once again ushered in a bull market.

As the saying goes, it's like experiencing both ice and fire, one moment hell, the next heaven...

Of course, at Lin Dong's behest, Indonesia's financial market was left out.

The Indonesian stock market not only failed to catch the train of this reversal from bear to bull, but instead suffered even more.

By mid-October, more than 30% of businesses in Indonesia had gone bankrupt, and the number of people living in extreme poverty had exceeded 60 million.

Countless people lost their jobs and livelihoods, and public discontent reached its peak.

This massive powder keg could explode at any moment.

....................................

October 27th.

Just when everyone thought that the Dragon Scale Fund, which had led Asian countries out of the financial crisis, could finally achieve its goal and call it a day, the Dragon Scale Fund was about to close down.

The US stock market, which had been fluctuating for more than three months, suddenly plunged without warning.

Within just 20 minutes of the market opening this morning,

The Dow Jones Industrial Average then experienced dramatic fluctuations, followed by a sharp decline.

By 2:08 PM Eastern Time, the overall decline exceeded 7%.

US stocks triggered a circuit breaker.

The two major stock exchanges in the United States, Nasdaq and the New York Stock Exchange, simultaneously announced a trading halt.

After reviewing the data, the sharp decline in the index was not effectively contained.

Conversely, the influx of funds into short selling led to a devastating "Black Monday" for the United States.

By the close of trading in the afternoon, the Dow Jones Industrial Average had plummeted 8.37% to close at 6671.25 points, marking the largest drop in the U.S. stock market since 1915.

On that day, the U.S. Securities and Exchange Commission launched an emergency investigation into the source of funds that triggered the stock market turmoil and found that the main short sellers had close ties with the Dragon Scale Fund in Hong Kong.

On the surface, however, these accounts and their holders all appear to have clean backgrounds.

At least legally, the White House and Wall Street have absolutely no recourse against them.

......

Lin Dong began planning and deploying his plan six months ago in order to crash the US stock market.

Taking advantage of the turmoil in the Asian financial markets, he activated all his long-laid plans, dealing a heavy blow to the US financial market.

According to my memories from my previous life, after the US stock market crashed and triggered a circuit breaker on October 27th.

The market will rebound again on the second trading day.

This is Wall Street's financial capital trying to save itself.

But Lin, who knew the course of history, would never let them have their way.

Therefore, on October 28, after the US stock market opened, the Dow Jones Industrial Average rose slightly by 1.3% before turning downwards and experiencing another epic drop.

By midday closing, the stock index had plunged another 7%, triggering the circuit breaker mechanism for the second time in two days.

Such a dire market situation has left both Wall Street and the White House in a state of utter chaos.

Various departments have been discussing countermeasures for days and have urgently introduced several measures to rescue the market, but with little effect.

Too.

A market that is being deliberately targeted, and the short sellers have unfathomable financial backing.

How could Wall Street capital, which had just suffered a crushing defeat in the Asian black storm, possibly be its match?

....................................

The White House, Special Intelligence Section.

Clington rubbed his chin, which he hadn't shaved all day, and paced back and forth irritably.

Standing next to him were two people: Defense Secretary Daly and CIA Director Galen.

"Tell me, tell me, not only did the Black Storm Plan fail, but we were also bitten in the back?"

Clington roared in a muffled voice:

"What kind of nonsense is this?!"

Garen glanced at Daly and offered words of comfort:

"Mr. President, the Black Storm Plan has not completely failed. Don't forget we still have a second phase."

Clington was taken aback: "Then you tell me, when will the second phase begin?"

Galen replied, "Originally, we planned to completely cripple the Asian economy, then incite domestic conflict in Indonesia to launch a popular uprising..."

"According to the original plan, it should be time to complete the preparations by April or May of next year."

"But given the current situation, the second phase of the work must be implemented ahead of schedule!"

After hearing Garen's explanation, Clington's frustration subsided slightly: "Since we can't wait, let's implement it immediately!"

"General Daly, are the four carrier strike groups deployed in the Southwest Pacific sufficient?"

Daly stood at attention and replied, "Reporting to the President, the carrier strike group has formed an arc around the Indonesian islands and is ready to strike any of them at any time."

"Yes, but don't be too careless. With Lin Dong's special abilities, he can't be dealt with by just a few aircraft carriers!"

"President, please rest assured that our fleet will not approach the land, but will be 700 kilometers away from the coastline."

Daly patiently explained:

"A combat radius of 700 kilometers is just the optimal strike range for our carrier-based aircraft."

"And at this safe distance, even if Lin Dong has extraordinary abilities, he can't do anything to us!"

Clington nodded, finally stopping his restless pacing. He slowly walked to the sofa and sat down: "You two have worked hard. Sit down and let's talk."

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