Drill? Inspection? Zhao Liewen was speechless to the extreme, the implementation of wartime control is not comparable to military exercises, and the price that needs to be paid can be said to be unimaginable, is this necessary?

"At present, the voice of opposition to the civil war is only slightly higher, and the situation in other areas is even better than expected...... moreover, the intervention of Britain and Russia in the northwest is a foregone conclusion, and it seems that there is no need to make a big .....move, and the securities market also needs time to ......."

Speaking of this, he suddenly reacted, how could the other party not understand these situations? After a moment's thought, he said tentatively: "The big shopkeeper wants to take the opportunity to rectify?" ”

Yi Zhishu glanced at him, and slowly lit a cigarette, "Not only to take the opportunity to rectify, but also to improve, and to try ......." ”

After a pause, he continued: "In order to promote and promote the peaceful constitution and achieve a smooth transition of constitutional government, in order to promote and promote the peaceful constitutionalism over the years, he has been too tolerant in the rule of officials.

It is not only the supervisory mechanism that needs to be perfected, but it is also necessary to further establish a perfect system in all quarters with the help of wartime control, especially in the financial, economic, taxation system, and social management.

As for the attempt, the wartime economy is actually a kind of planned economy, and this is an economic system that is completely different from China's current market economy, and it should have its own advantages and disadvantages, and if the market economy can be effectively integrated with the planned economy, it is possible to create an economic model of rapid and harmonious development........ ”

Behind the wartime control is actually hidden an article of the University of Nuo? Zhao Liewen secretly speculated in shock, maybe this is the other party's true intention?

Securities trading floor.

The securities market is not only a barometer of the economy, but also a barometer of the current situation, once the situation is unstable, the securities trading hall will appear to be a scene of the end of the crowd, with the emergence of the confrontation between the north and the south, the bond and stock market have plummeted like a cliff, the transaction is sluggish, and the trading hall has lost the hot scene of the past and become deserted.

However, as the news of Yuanqi's large-scale pallet bailout spread, the trading floor soon resumed its overcrowded hot scene.

During the five consecutive years of drought in the north, the imperial court issued large-scale treasury bonds one after another in order to provide relief to the victims, large-scale resettlement, large-scale work-for-work relief projects, vigorously develop industry, and actively promote urban reconstruction projects.

In order to facilitate the smooth issuance of treasury bonds, not only did we strengthen the propaganda of public opinion, but also raised the interest rate on treasury bonds, and we also carried out forced apportionment, so that not only factories and mining enterprises, gentry and businessmen, but also clerks, workers, teachers, and citizens were mobilized to actively and passively purchase patriotic treasury bonds.

With the deterioration of the relationship between Yuan Qi and the imperial court, out of concern that the treasury bonds could not be repurchased on schedule, the price of treasury bonds can be described as plummeting, halved and cut in half, and the bond market can be described as full of sorrow.

Yuanqi's move to eat a large amount at a low level is undoubtedly a shot in the arm for the treasury bonds, enhancing people's confidence in the treasury bonds, the market quickly heated up, and the price of treasury bonds also rebounded rapidly, and countless speculators flocked to rush to buy them.

Looking at the rising price of treasury bonds, the people in the hall talked excitedly.

"Pentagon three! Looking at it like this, today's close will definitely stand firmly on the hexagonal ....... ”

"As I said earlier, it is impossible for Yuanqi not to admit the national debt, but Yuanqi spared no effort to publicize and promote it at the beginning."

"It's hard to say, the amount of treasury bonds issued by the imperial court is huge enough to crush Yuan Qi, otherwise how could it have plummeted so much before?"

"At the time of the Franco-Prussian War, was the amount of national debt issued by France small? Didn't admit it after the war? ”

"Don't always talk about Westerners, we are the Qing Dynasty, besides, the American Civil War, didn't the victorious North not recognize the war bonds issued by the South?"

"To put it mildly, the American Civil War is more similar to the situation in our country, both are civil war ......."

"! That's the war bond issued because of the war, but this is a national bond, and it was issued for disaster relief migrants, can it be the same? ”

"Didn't the imperial court just issue a huge amount of war bonds?"

"It was raised in the name of quelling the rebellion in the northwest, it is completely two natures, Yuan Qi dares to turn his face and deny it?"

"Sensei said so much, the imperial court has owed a butt of foreign and domestic debts over the years, and Yuanqi is no better than there, the northern disaster relief immigrants, and various large-scale projects, Yuanqi's expenses are greater than those of the imperial court, and then he sent troops to South Africa, South America, and then the northwest rebelled, and Yuanqi is now left with an empty shelf, otherwise he would not be guilty of issuing war bonds for the northwest counterinsurgency, this matter is really hard to say."

"Hey——, look, the price has fallen, and someone is suppressing it!"

This round of suppression came quickly and violently, several waves of large single selling, the price at the hour level of the pentagram was only a symbolic stalemate for a few minutes before it was quickly broken, the price went all the way low, and then caused panic, panic selling, four corners of five, the key prices of the four corners fell one after another, all the way to the triangle, before it could be stabilized.

A wave of people who watched like a storm were stunned, and many of them were pale and out of breath for a while.

"What's the situation? Who's selling? ”

"Obviously the situation is good, why such a big sell-off? Crazy? ”

"This courage is also fat, and he dares to go against Yuan Qi?"

"The lice on the monk's head - obviously, this is deliberately suppressed by someone, it is nothing more than the court and foreigners."

"Immortals fight, mortals suffer, we can't afford to mix, and there is no need to take this risk, it will be miserable if we really smash it in our hands."

The vast majority of people in this wave of suppression are afraid to enter the market easily, but the ultra-low price really makes many people excited, and the face value of one yuan has fallen to the triangle, which is definitely a rare opportunity to enter the market.

"Bottomed out, huh?"

"It's hard to say, the previous big orders are gone."

"Yuanqi won't give up the pallet to save the market, right? This doesn't seem to be the style ...... of Yuanqi's bailout. ”

"Knowing that someone is deliberately suppressing, it must be avoided, and the funds on hand should not be rich."

"It's strange to be rich, haven't you heard that there are small-scale runs in the provinces? How dare Yuanqi withdraw a large amount of funds to save the market? ”

"Run? Didn't you see a run in the city? ”

"Of course you don't see a run in Shanghai, so many banks ........"

"So, it's not optimistic at all."

"Look at it, it's up! 77's up! ”

As the leader of government bonds, 77 treasury bonds continued to rebound for a while after the price of the triangle bottomed out, but the rally was not very strong - up three points and down two points, although the rise was quite difficult, but it rose steadily step by step, affected by this, other government bonds also stopped falling and stabilized, and then began to rebound.

Many people are very entangled in their hearts, what is the follow-up? Or not following up? This price is really eye-catching, follow up, I am afraid of being suppressed again, Yuanqi's situation is really not optimistic now, it is difficult to say whether it can successfully save the market, if you don't follow up, and a little unwilling, Yuanqi has not given up the effort to save the market after all, this is a rare opportunity to follow Yuanqi to eat meat and drink soup, and I missed it, and I have to regret my death.

In the midst of the gains and losses, the price of 77 treasury bonds rose steadily, breaking through the four-corner mark again and continuing to climb, while other treasury bonds rebounded.

"It seems that Yuanqi's determination to protect the disk is very firm!"

"Can you not be firm? Once the bond collapses, it will inevitably affect the stock market, and then cause a financial panic. ”

"Look at it like this, before the close, the price is expected to stand above the pentagram mark."

"Not necessarily, this wave of rebound is obviously lacking in confidence."

In the hall of the discussion, 77 treasury bonds swayed and touched the price of four corners and five points, just when everyone was full of hope, the previous frightening single selling scene was staged again, the price fell sharply all the way, even the triangle pass failed to hold, until the two corners of the five points can be stabilized, since then, the price has been hovering at a low level, until the close of the rebound no signs.

Full of joy and emptiness, it naturally caused many investors to discuss.

"Yuanqi has insufficient funds and is powerless to return to the sky!"

"Who is it that deliberately throws pressure so deliberately?"

"Do you need to ask? Either the north or the west, or the two parties joining forces, Yuan Qi is afraid that he is a little hanging this time, and it is the weakest time. ”

"Over the years, Yuan Qi has encountered fewer hurdles, which time is not the turn of evil into good fortune?"

"At this time, Shanghai is now one of the world's top financial centers, the plate is too big, and it is a difficult situation at home and abroad, which is not easy to get over ......."

"Could it really collapse?"

"Look at this posture, it's really hard to say."

The next day, the whole day of the bond market was lifeless, the price fell again and again and still no one cared, the transaction was sluggish to the extreme, the atmosphere in the hall was also depressed to the extreme, Yuan Qi seemed to have given up on the bailout, the atmosphere in the hall was depressing, if Yuan Qi gave up the bottom to save the market, what does it mean?

Over the years, the securities market has risen and fallen, every time it plummets, Yuanqi will take various measures or directly bail out the bottom of the market, if even Yuanqi rescue also fails, it is not far from the collapse of the securities market!

On the third day, nothing changed, and the bond market was as lifeless as a pool of stagnant water.

As soon as the market opened on the fourth day, the 77 treasury bonds, as the leader, swept away yesterday's malaise, and continued to sweep the large orders, and in just a few minutes, the price was raised to the threshold of the triangle, and then it became cautious, no longer pulling up the price, but hanging a huge buy order at the price of the triangle.

"What does Yuan Qi mean by this?"

"Do you need to ask? is clearly testing to see if the other party will suppress it. ”

"It makes sense, the day before yesterday he was suppressed twice, and Yuan Qi was also afraid."

"I don't think I'm afraid, but the funds are insufficient, and there was no movement yesterday the day before yesterday, obviously raising funds."

"So, Yuan Qi still doesn't plan to give up protecting the disk?"

"Of course I won't give up, Yuanqi's move is to show his attitude and want to boost market confidence."

"This price shouldn't be suppressed, right?"

"Who knows, this price is a bit low, and if you sell and suppress it, your own losses will not .......be small."

"Look, those ones have started to suppress big singles again, this is at any cost!"

Seeing that the huge amount of purchase orders continues to decrease, the atmosphere of panic began to spread in the hall, many people can not bear this huge pressure, have sold the bonds in their hands, although this price is painful, but after all, how much can still recover some costs, continue to pinch in the hands, God knows if there will be no return.

As the panic spread in the market, the panic selling was triggered again, and the bond market fell again.

The panic lasted for two days, and the turning point came on the sixth day, when Yuan Qi publicly stated on the front page of the Shanghai Daily that no matter what the circumstances, Yuan Qi unconditionally admitted that all bonds issued by the Qing court would be repurchased on schedule, and specifically specified that war bonds were included.

As soon as this statement came out, the bond market was boiling, and as soon as the market opened, all bonds opened higher, and the average price rushed above the hexagome in just a few minutes and continued to climb strongly, and the 77 treasury bonds that were about to mature rushed to the octagon.

Just when everyone was rushing to buy them, all the bonds were sold at the same time, and the price was limited to five corners.

Everyone reacted instantly, Yuan Qi was making up for everyone's losses in this way!

"Yuan Qi! Yuanqi! ”

"Yuan Qi! Yuanqi! ”

For a while, everyone in the trading hall was excited and even shouted frantically, in order to express their gratitude and respect for Yuanqi, which was equivalent to doubling the profit.

Although everyone knows that Yuanqi has made a lot of money, no one complains, after all, Yuanqi is also forced to be helpless, and he doesn't forget to leave a bite when he eats meat, not the broth but the meat!

After the madness, the people in the hall couldn't wait to pour out, and they all rushed to raise funds, and no one wanted to miss such a rare opportunity.

All the large and small banks in Shanghai were overcrowded for a while, crowded with customers who couldn't wait to withdraw money or borrow money, the telecommunications bureau and the telephone bureau were also overcrowded, the queue for making calls and taking telegrams formed a long queue, and the brokerage banks that opened up the telegraph and telephone financial investment business were busy and did not even have time to drink water, and they were all racing against time!

The dramatic turnaround in the bond market frenzied the whole of Shanghai, and soon the frenzy spread to Canton and then to the provinces with telephone and telegrams.

The madness of the bond market soon affected the stock market, driving a strong rebound in the stock market, and a large amount of money poured into the securities market for a time.

The same scene has also been staged in international financial centers such as London, Paris, Frankfurt, and New York in the past few days, but the link of the final half-price sell-off is missing.

Three days later, as the feast drew to a close, Yuan Qi openly announced that war was about to break out, and in order to maintain financial stability and ensure normal financial order, he announced that all provinces should carry out financial control, and promulgated the "Regulations on Financial Control in Wartime".

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