On November 5, the voting for the 1996 US election officially started. While the Clinton poll continued to crush Dole for many consecutive months, everything seemed calm and even affected the people's desire to vote.

The voting results were released on the same day, and Bill Clinton easily won the election with a 49% approval rating and as many as 379 electoral votes.

The other two opponents, Republican Bob Doll, only received 41% of the public votes and 159 electoral votes. Ross Perrow, a third party candidate who once again came out to disrupt the situation but had a sharp decline in influence, only received 8% of the votes this time, so naturally there was no electoral vote.

Because it was too natural, this election also set a lowest turnout since 1924. Only 49% of the American people voted, and the turnout rate was lower than 50% for the first time in more than half a century.

On the other hand, Bill Clinton won his second term and broke the curse that the Democratic president has been unable to achieve re-election since Franklin Roosevelt.

The presidential election in the election year always covers the limelight of the election of parliamentarians and the competition for governors, and this time it is the same.

However, for the American elite, everyone will not underestimate the other two aspects at all.

Compared with the unstoppable momentum of the presidential election, the Republican Party still maintains its own advantages in both houses of Congress and governoral elections. Just like the "pendulum effect" of the midterm election two years ago, the Democratic Party failed to achieve the same victory in Congress and local elections this time. One of the key reasons is that a large number of people deliberately cast split votes.

Since Clinton came to power, the strong US economy has recovered, with new jobs exceeding 10 million in four years, and the unemployment rate has dropped from nearly 8% in the Bush era to 5%, which is also the best state in ten years. However, the scandals that the president and his wife kept in their first term have also caused voters to be entangled. On the one hand, they recognize Clinton's ability to govern, and on the other hand, they subconsciously vote to restrain Clinton in the Congress and the governoral elections.

According to statistics from polling stations across the federal government, more than 13% of Clinton supporters chose to vote for Congress or governors towards the Republican Party. The 13% ratio seems not much at first glance, but it is enough to make a fundamental reversal of the election situation in many regions.

In short, the United States will also show a tug-of-war between the White House and Congress in the next four years.

At the same time, to a large extent, the Republican Party pursued Clinton's private information even more relentlessly, and the zipper gate scandal appeared in the past history, which once again staged a miracle of impeachment by the US president. Even later, Vice President Gore participated in the presidential election. In order to avoid being implicated, he deliberately avoided Clinton who had been working closely for eight years on the surface and did not allow the other party to assist him in the election.

The second day after the election results were released, the capital market gave the most direct feedback.

Bill Clinton's re-election obviously means that economic policies in the past few years have been continued, so it is a big positive. On November 6, the Dow Jones Index rose 1.5%, and the more eye-catching Nasdaq Index rose 2.1% in a single-day increase, soaring from 5315 points at the opening to 5426 points.

The two leaders of the New York Stock Exchange and Nasdaq, Daenerys Entertainment and Igrit, both hit new highs in market value.

After the market value of Daenerys Entertainment exceeded US$500 billion in mid-October, it immediately fluctuated and once returned to the US$400 billion range. However, on November 6, relying on a 1.8% single-day increase, the market value of Daenerys Entertainment Group finally reached US$526.3 billion at the close of the day.

What is even more eye-catching is the Igrit Company.

On November 6, Egret's stock price rose by 1.6%. Although it was not as high as Daenerys Entertainment's increase, its total market value at the close of the day had reached US$579.6 billion, which was only 20.4 billion away from the 600 billion mark. To break through 600 billion, it only requires a 3.5% increase.

The U.S. stock market still seems crazy, but as the 1996 election settled, the situation immediately became subtle.

After the election, many people began to operate around the US stock market, and the focus was naturally on the Nasdaq technology sector.

New York.

The north shore of Long Island is about 30 kilometers away from Manhattan and is located in a luxury house in the Rich District of Latinton, which is across the sea from Greenwich City. It is November 8, on Friday evening, and a celebration of a Republican elected member of New York State is being held here.

Richard Mellon Skye, who has recently become more active in the East Coast political and business circle, arrived early, skillfully socializing with guests who were determined in advance, with some kind of win-win and temptation in his words, and soon transferred to Julian Robertson, the most important contact target tonight, to a study specially given up by the owner.

In the past more than a month, Richard Mellon Skyve, who has been doing well for decades from birth to now, privately wanted to give a young tycoon eye drops exposed, and with the other party's threat, he was frightened for the first time in his life, but the thunder sounded loud and rained down.

After being severely warned at a family meeting hosted by an uncle, Skye did not throw out the revelations, but insisted on not closing the Pittsburgh Tribune under family pressure. Just kidding, how could a newspaper worth $50 million be shut down? Even if the family said it could give him some compensation, it would not work.

The Mellon family has not been so cowardly for two hundred years.

Although he was tough and didn't even call an apology requested by his uncle, things were going well.

This is also taken for granted in Skyve's opinion.

Two years ago, Simon Westeros and the Hurst family started a war, which eventually damaged the Hurst family. In fact, it has aroused the vigilance of many old money families in the United States. If the young man confronted the Mellon family with a more deeply ingrained power this time because of a small matter, it would be impossible for the traditional capital forces of the entire federal government to unite to avoid being constantly ridden by this ignorant new money junior.

However, although he has passed this level, as the top child of the old Qian family in the federal level, Richard Mellon Skyve, who spent millions of dollars in the past few years because he couldn't stand Clinton, made the other party's dirty face. The more he thought about it, he couldn't swallow this, so he frequently secretly won't connect it in various conservative old money circles on the East Coast during this period. After all, even though the growth rate of Westeros system is a miracle, the core political and business system of the United States is still in the hands of traditional capital.

Skyve changed his experience more than a month ago and made his own statement. In any case, he could not allow the Westeros system to continue to expand.

After patiently researching it, Skyve first set his goal on the Nasdaq market.

As long as the new technology bubble is burst, a series of new technology giants, as the core of Westeros system assets, will inevitably be severely impacted, and even Simon Westeros' personal assets will shrink significantly.

In the study room.

After a brief greeting, Skyve took out a document and handed it to Julian Robertson, the head of Tiger Fund, and said: "Julian, this is a press release that a financial reporter in Boston was suppressed some time ago. I know that Tiger Fund has been looking down on technology stocks. Perhaps, this article can become a good breakthrough."

Julian Robertson took the information and let it go. He just looked at it and expressed his opinion. He couldn't help but frown slightly.

——Shocking conspiracy, Ponzi scheme in the Internet industry!

As a professional and veteran Wall Street fund manager, Julian Robertson scoffed at such articles that were suspected of sensational when they saw the title. However, since it was given to Skyve, he still read it patiently, and then his expression became more and more serious.

In short, the Ponzi scheme is to use high returns and high interest rates as bait to defraud investors of their funds. While scooping up the returns, they use the funds of later generations to continuously repay the principal and interest of the previous accounts, and thus repeat the cycle until they can't continue to collapse.

The article presented by Skyve is exactly the current in full swing of the Internet industry as a large-scale "Ponzi scheme".

The article is obviously processed repeatedly, both cases and data are detailed, and the finger is directly aimed at the three major technology giants in the Westeros system, which are the most popular at the moment. It believes that the serious bubble in the new technology field at this stage is entirely the three companies Cisco, American Online and Igret, through the joint public opinion and a complete set of interest chains similar to Ponzi schemes, bundling countless investors and ordinary users in a seemingly prosperous Internet industry chain.

In fact, this industry is worthless and will only collapse in the end.

In addition to the overall conclusion, the article gives very detailed arguments and annotations. Taking Igret as an example, this company continues to defraud funds from various investors and entrepreneurs who have been deceived by public opinion through basic Internet tools, software, cloud computing and online advertising, and forms a source of income that has continued to grow extremely high in recent years.

On the other hand, Igrit has continuously attracted hundreds of millions of Internet users through portals, emails, social networks, video websites, etc., which seem to be free but actually consumes a lot of public time. Through the US Online's low-priced access fees, it has continuously attracted hundreds of millions of Internet users.

In order to continue this false prosperity, Igrit also opened up an online outsourcing platform that also relies on a large amount of Ponzi subsidies. Video website advertising sharing and other payment channels that cannot actually bring stable job opportunities to the society, and further deceive users into producing content for them.

The result of this Ponzi scheme is that at this stage, the three companies in the Westeros system account for 20% of the total market value of Nasdaq.

Under this false prosperity, more and more startups that were deceived and encouraged to invest in the new technology market burned all their funds into the interest chain of the three companies in the Westeros system, and gradually became unsustainable. Most companies were far from getting the expected returns. Only the three giants Cisco, American Online and Igrit were benefiting.

Julian Robertson read the full article carefully and let out a sigh of relief.

If it weren't for detailed research on the Internet industry, Robertson would almost believe this article with meticulous logic and full of conspiracy theories that are easy to incite public sentiment. It can be imagined that once this article is thrown out, it will definitely be a super bomb for the Internet industry that has reached its peak at this stage.

Richard Mellon Skyeve and others, after reading the article, closed their eyes and pondered for a moment, and asked, "So, Julian, what do you think?"

"It can incite the public, but it cannot deceive smart people."

For an emerging industry, whether it is a bubble is actually very simple to judge whether it can create wealth.

The core of the Ponzi scheme is to pass the flowers through the drum, which is also a zero-sum game to a certain extent. Some people make as much money as they make, some people lose.

The Internet is obviously not. Take Igrit for example. In any case, Igrit's basic Internet tool software matrix, or the increasingly large cloud computing services, as well as portals, social networks, emails, etc., are the wealth created by countless people after labor, including a large amount of intellectual property rights and digital assets.

Perhaps emerging countries do not recognize these, but for developed Western countries, these are wealth.

Therefore, even if there is indeed a bubble, the Internet itself is a platform that can actually bring changes to countless people's work and life.

Skeve said: "Julian, what we need is the result of 'inciting the public', right? At this stage, the retail investors in the federal stock market have reached the highest in decades. After this article is sold, as long as it can cause panic and cause a stampede effect, the Nasdaq index will inevitably collapse. Tiger funds will make a big profit in advance."

Julian Robertson just heard another guest chat about the reasons why Skye was active recently at the cocktail party. He did not get entangled in this matter at this time. He thought for a moment and shook his head and said, "It's not enough, it's not enough."

"Of course, I know that's not enough," said Skyve. "So, Julian, I hope we can unite and use our connections to promote the Fed's interest rate hike. In addition, there is the Justice Department. Although everyone knows that the White House and Westeros are wearing pairs of pants, there is not no room for operation. If I can split Igret, the Nasdaq index will definitely collapse."

After hearing Skyve's words, Julian Robertson thought about it for a moment before asking, "So, Charlie, what do you want me to do?"

Skyve said: "Of course, it's about using your connections. We will promote this together to avoid fighting each other and eventually make a profit together."

Julian Robertson slowly rubbed the paper leaf on his knees with his fingertips, saying: "Igret's antitrust case is still in the investigation stage, and coupled with the White House's position, it is impossible to have a result in the short term."

Skyve thought for a while and said, "Then find someone to release some news at the right opportunity, such as finding key evidence of Igret's suspected monopoly, and splitting is inevitable. In this way, it's easy."

Julian Robertson nodded.

The two discussed some details again, ended the conversation, left contact information to each other, and were about to walk out of the study together, Skyve remembered another thing and said to Robertson: "Julian, I know you and Soros are good friends, and Soros is very close to Simon Westeros?"
Chapter completed!