When an avalanche happens, no snowflake is innocent. This time, the efficiency of Beautiful Country was quite fast.
The authorities took the lead, with the Secretary of the Treasury making a statement to reassure the public.
"In light of the current situation, a trillion-dollar rescue plan is underway. It has been decided to distribute funds per capita and advance minimum living security to ensure people have enough to eat and wear."
"Another issue is President Little Kliner, who is unable to carry out his duties due to indisposition and has applied for sick leave. Vice President Little Bush Ten will now be responsible for the affairs of Beautiful Country."
A brilliant move of substituting flowers with plum branches, this was played masterfully.
This way, the public no longer needed to take to the streets for zero-dollar shopping. After all, zero-dollar shopping was also a physically demanding activity. Wasn't it more comfortable to lie at home while the country sent money? Moreover, with so many guns in society nowadays.
What if someone had a moment of madness and started firing randomly? One's own life was more important.
And this government was truly excellent, increasing welfare benefits again.
When Beautiful Country's policies were announced, the whole world was in despair. Damn it, big brother was pulling this stunt again, and little brothers couldn't take it anymore.
The purchasing power of the dollar was not what it used to be. Damn it, the purchasing power of our own currency had been continuously depreciating. If this continued, our assets would shrink, and life would become unbearable.
Beautiful Country's move was truly exasperating. One shouldn't act like this. Is this the demeanor of the world's police? Bah, their appetite was too greedy.
"I don't quite understand. I hope the esteemed大佬 can explain why everyone is so resistant to Beautiful Country distributing welfare."
"Brother, looking at your question, I can tell you're too young. Whenever big brother in Beautiful Country doesn't have enough money or there's a hole somewhere, he only needs one trick to solve the problem."
"What trick? Tell me, let me see big brother's move in Beautiful Country."
"There's nothing new under the sun. This trick, to put it plainly, is not uncommon. It's simply to have the Federal Reserve print money, print money madly."
"With more and more dollars, won't this cause inflation?"
"That's an excellent question. It won't cause inflation, because the big brothers in Beautiful Country have thought of everything."
"I'm dizzy. I still don't understand how Beautiful Country operates. Could a highly knowledgeable大哥 explain it to this humble one, who is from the village?"
"It's like this: because the dollar is the global currency, if they print more, what do they do? They increase the exchange rate of the dollar, thus plundering through the appreciation of the dollar. When the dollar appreciates, other countries' currencies depreciate. In the interplay, Beautiful Country's bubble is transferred to other countries."
"A kind of verdant plant! It can operate like this? This is too shameless, isn't this clearly making the whole world pay for Beautiful Country?"
"Congratulations, you got it right. That's exactly how it is, there's nothing we can do. The dollar is currently the global currency, recognized worldwide. Other countries' currencies have not reached this level."
An uproar spread online. Beautiful Country's stock market had crashed, and the result was that people all over the world were paying for it. What kind of situation was this?
People were depressed, but within Beautiful Country, things had become calm.
Zero-dollar shopping on the streets had basically disappeared. Patrol officers and soldiers of Beautiful Country had taken to the streets.
However, the repercussions of the events of these past two days were endless.
The first to be affected were internet companies. Following this incident, the stock exchange demanded that all internet companies submit detailed financial reports.
People wanted to ascertain how many bad apples had infiltrated among so many internet companies.
They couldn't let these garbage companies pass themselves off as quality ones.
This time, Beautiful Country was determined to give investors an explanation.
Those internet companies with only a domain name must be fined until they were penniless, to give the general public an answer.
This time, they were serious. It was no longer as simple as listed companies finding an accounting firm to produce a financial report.
As a result, internet companies were in a panic. What should they do now?
Most internet technology companies were in a state of not breaking even, and were currently burning money wildly to capture users.
Once user numbers increased, they could develop new profit points.
Then they could charge membership fees, earn advertising revenue, and at that time, they could cover their employee expenses.
In the beginning, it was all about losing money to gain attention. Losing money was not a big deal; they were gaining popularity, and with popularity, they were happy and could burn money.
As long as the listed company survived the money-burning stage, the next stage would be lying down and counting money until their hands cramped. This saying was not an exaggeration at all.
Within just three days, over ten percent of internet companies directly applied for delisting. There was no other choice, they were all hollow shells with no substance.
And yet, they were selling at premium prices.
Now that the authorities were serious, they had no choice but to go out of business.
There were so many investors. They hadn't bothered you before because the focus wasn't on them.
As long as the company listed and raised capital, and investors made money, that was enough.
Investors didn't care if it was a shell company or an expert leader in its industry.
Anything that made them money was a good company, and they would recognize it.
If investing in a technology company didn't yield profits, no matter how much potential or prospect it had, it wouldn't be welcomed by investors.
As this number was released, anger erupted once again in Beautiful Country.
Damn it, what was this? Before the investigation had even begun, over ten percent of internet technology companies had applied for delisting.
Absolutely not. Investigate them one by one.
Divert domestic attention, and prevent another zero-dollar shopping incident. This matter had too great an impact; even the president couldn't contain it.
These days, everyone's life was not easy, but it was better to see teammates fall than to fall oneself.
You companies that were just filling space deserved to be cast into the deepest hell.
You should be burned alive for making money with a guilty conscience.
Internet technology companies subsequently plunged into the abyss. During this period, they saw red every day.
There was no reason for them to rise.
Let alone ordinary internet companies, even giants in the internet technology sector like Wei Ruan and Ya Hu Zhi Lang saw their stock prices plummet.
There was no way to look at the verdant colors, but it was the market environment that caused everything today.
The survival rate of listed internet technology companies in this avalanche was no more than one or two out of ten.
Generally, they couldn't hold on, with high valuations, money burning, and no profit models.
The company's fundamentals could not support the current stock price.
Therefore, the stock price headed west without looking back, causing widespread weeping. Nowadays, those who dreamed of becoming millionaires by investing in internet companies had, without exception, achieved their life goals and become million-dollar debtors.