"Brother Mingxiang, I think you know best about the counterfeit banknote incident, the Japanese are now asking the city government to exert pressure on the Ministry of Industry Bureau of the concession to prohibit the newspaper office in the concession from continuing to report this matter, you come forward on my behalf and take the official document of the city government to the Ministry of Industry Bureau!" Chen Gongbo said helplessly.

As the number two person in Wang's puppet government, he is qualified to access core secrets, so he has long known that the Japanese army uses counterfeit money to carry out financial warfare against the Shancheng government.

The Japanese reacted very quickly, first ordering the city government to intervene and not allowing the news media in the concession to report on it.

In fact, this trick was also expected by Chen Mingxiang, news control was the most common thing to do by the Japanese army and the Wang puppet government, but it only needed to be published in the newspaper for one day, and this information would spread throughout the Shanghai market within a few days.

His purpose was not to remind the people of Shanghai, but to cause panic among the Japanese, investigate the incident, and create trouble for Li Shiqun, so as to cover up his traces.

"I think it is very unwise for the Japanese to deal with it in this way, and it even confirms the truth of this news from the side."

"There are very good reasons for prohibiting false reports by the news media to avoid causing unnecessary panic among the public, which is really trying to cover up." Chen Mingxiang glanced at the official document and said with a smile.

"My brother is right, I am not too optimistic about the financial tactics adopted by the Japanese, the implementation of economic blockade to reduce the combat effectiveness of the Yamashiro government, this strategy is not wrong, but the use of counterfeit money to achieve the purpose of destroying the foundation of the war, I think it is a bit unrealistic."

"The purchase of strategic materials, gold and foreign exchange in the Chiang Tong region with counterfeit banknotes can only bring temporary economic losses to the Shancheng government, but it cannot shake the foundation of the rule."

"Who are the people who are dealing with the Japanese smuggling agencies? A group of unscrupulous businessmen with a thirst for profit! This range is very narrow, and the share of the entire industrial chain is not very large, so the impact is actually not that big. Chen Gongbo said.

Chen Mingxiang admired this No. 2 person in Wang's puppet government, his thinking was very clear, he had a strategic vision, and he saw through the essence and defects of counterfeit banknotes at a glance.

"In fact, the most important thing is that the fiat currency is not a currency that preserves value, Your Excellency the Mayor, from the twenty-fourth year of the Republic of China to the twenty-seventh year of the Republic of China, the depreciation of the fiat currency is very small, and the value of the fiat currency has been reduced by three times compared with the original during the August 13 Anti-Japanese War, and I speculate that in the second half of this year, it will be reduced by more than six times."

"Take 100 yuan fiat currency as an example, when it was first issued, you could buy two cows, and the year before last you could only buy a pig, until now, it is estimated that you can barely buy bags of flour, and it is likely that there will be a phenomenon that printing money is not as fast as depreciation in the future." Chen Mingxiang said.

Not long after the mission began, he used smuggling as a bargaining chip to stabilize and expand his network, and he had a deep understanding of the changes in the value of fiat currency.

"Commissioner Chen, since the fiat currency continues to depreciate, what do you think will happen after the circulation of the China Reserve Bills?" Mo Guokang said with a smile next to him.

"Secretary Mo, although the Central Reserve Bank is the currency issued by the Central Reserve Bank of the Jinling Government, the right to issue it is not in the hands of the Central Reserve Bank, and it is also responsible for providing military spending for the Japanese army, this is a bottomless pit, the Japanese army will not consider the issue of currency value, nor will it consider inflation."

"When I went to Jinling a few days ago, I saw Minister Zhou, and I had a meal, although he desperately snapped up gold dollars as reserves, after all, he still couldn't avoid the end of depreciation, more than one million Japanese troops military supplies, can the Central Reserve Bank hold up?"

"I dare to assert that the Chinese Reserve Bond is even faster than the depreciation of the fiat currency, but now it has not achieved the status of the mainstream currency, and everyone still can't see it." Chen Mingxiang said.

To be honest, although Zhou Gaohai, a big traitor, betrayed the country and sought glory and profit, he was not a completely empty white wolf in the matter of the China Reserve Securities.

When he was having dinner at his house, Chen Mingxiang heard him say that the issuance of currency must take into account the interests of the people, and the Central Reserve Bank cannot become a source of water, so the Central Reserve Bank is now actively purchasing gold and foreign exchange.

But the problem is that even if Zhou Gaohai found out that he had done a good thing, he couldn't get a good result because of his own defects.

The foundation of Wang's puppet government is the support of the Japanese, and the reason why the Japanese government agreed to Wang's puppet government to set up the Central Reserve Bank to issue the Central Reserve Bank is to use this currency to plunder the wealth of the Chinese people.

The currency used by the Japanese army in the occupied areas is called military stamps, also known as military hand stamps, which are extremely bad waste paper without the slightest basis for issuance, and are completely operated by force.

Twenty-eight years ago of the Republic of China, it was issued a military hand ticket, and then these four words were canceled from the banknote, leaving only a few words of the Imperial Government of Japan, which was called the E ticket, and there were naturally four kinds of military tickets in front: A, B, C, and D, which were written in red with military hand tickets.

The Japanese army used military tickets to exchange for the Central Reserve Bank, but in fact, it was only the Japanese Zhengjin Bank that issued a false military ticket, and it was not really allocated to the Central Reserve Bank, but the Central Reserve Bank had to give the Central Reserve Bonds to the Zhengjin Bank according to the amount exchanged.

"It's a pleasure to meet the famous Commissioner Chen, I already know the purpose of Your Excellency's coming, please sit down, let's have a cup of coffee and talk slowly." Riddle, the general director, said with a smile.

From the election of the first general director of the board of directors of the concession in July 1854, William Kai, to the current 30 years of the Republic of China, there have been many general directors in between, and Riddle officially took office on May 1 this year, and he did not know that he was the last general director.

Riddle was an insider about Chen Mingxiang's cooperation with the British merchant group and the covert provision of military strategic materials, and he also understood that he was not a hardcore supporter of the Japanese, but nothing more than a means of making a living during the war, so Riddle's attitude was very enthusiastic.

"I don't dare to be the general director so praised, I am purely for the sake of making a living, this is an official letter from the city government to the board of directors, and it is also my first foreign-related work as a foreign affairs commissioner, and I also ask His Excellency Riddle to support me." Chen Mingxiang said.

"There is no problem with this, and I asked the secretary to immediately notify the Police Department of the Ministry of Industry and Bureau to issue a stern warning to all the news media in the concession that they are not allowed to report on the news related to counterfeit banknotes."

"Actually, Your Excellency must be very clear that the city government is just carrying out a procedure, and even if I don't give this order, the police department will already start the operation."

"At present, the deputy director of the board of directors of the concession and the special deputy director of the police department are all Japanese, and I may be the least powerful of the previous general directors." Riddle said with a wry smile.

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