Chapter 277: Silver Crisis (continued)
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Western countries have more than 80,000 tons of silver reserves, and after the news of the Chinese Empire's currency reform broke, silver merchants frantically sold silver. Pen ~ fun ~ pavilion www.biquge.info
Western countries can use large sums of money to buy silver on the market, which does not mean that Western countries need to buy all the silver back, only need to buy a part, so that the price of silver can rise to a certain standard, businessmen see that the price of silver is rising, naturally will not sell silver easily, the silver crisis is lifted.
Governments met for several days to come up with a rescue plan for their silver industry.
The British government was the first to stand up and announce to the British people that the British government would spend 100 million pounds to buy back silver.
As soon as the news broke, the price of silver in the UK rose slightly, but the situation was not clear, and the British government did not take out the funds to start buying silver, and the price of all silver was not large.
Subsequently, France, Germany, the United States and other Western countries announced their own silver industry rescue plans, and took out various amounts of funds to buy back silver and stabilize the price of silver.
In the propaganda, Western governments will spend a total of more than 200 million pounds to buy back silver, but in fact this is just an exaggeration, and it would be nice to have 50 million pounds to buy back silver.
But such an exaggerated announcement did make the price of silver slowly recover, and when Western governments really invested money to start buying silver, the rate of recovery of silver prices increased further, but it will still be a long way to go before it can reach the original level.
Is this the end of the silver crisis?
No, the silver crisis cannot be solved so easily, because the root cause of the silver crisis has not been solved, how can the silver crisis be solved.
The root cause of the silver crisis is that the Chinese Empire, a silver-standard country with a population of more than 400 million, carried out currency reform, and the last major country in the world abandoned the use of the silver standard, the role of silver further declined, and the price of silver fell inevitably, even if Western countries bought back all the silver on the market, the price of silver could not return to the previous level.
Even if the price of silver drops by one-fifth, it is also a huge blow to the entire silver industry, don't forget, the world will smelt a large amount of silver every year, but smelting silver also requires costs, and the decline in silver prices is likely to lead to smelting silver not making money, or even losing money, which will also lead to the bankruptcy of silver smelting enterprises.
Being able to become a businessman means that he is not a stupid person, as long as he has a little vision, he can see that the silver buyback plans of Western governments are only a palliative rather than a cure, and the price of silver will continue to show a downward trend for a certain period of time.
However, the price of silver is now showing a slight recovery under the silver buyback programs of Western governments, and as the more money invested by the government, the greater the recovery, which makes many businessmen see opportunities to make money.
These merchants began to act, and they also spent large sums of money to buy silver with the government, and the price of silver began to rise significantly.
The high-level governments of various governments did not know why, and they thought that the silver crisis was solved, and happily watched the price of silver rise.
When he formulated the currency reform plan, he knew that it would have a huge impact on the whole world, and even an economic crisis that would affect the whole world because of this, but it will take time for all this to happen.
Western countries have temporarily suppressed the silver crisis, Yan Xueyi guessed that it is expected that before the completion of the currency reform of the Chinese Empire, a new round of silver crisis will come, and this time the silver crisis will be more violent than the previous silver crisis, because this time there are many speculators in the silver crisis, and the speculators will not care what their country will become, their purpose is to earn more wealth.
The top brass of Western countries also sensed that something was wrong, and the state apparatus was activated, only to understand the truth about the rapid rise in silver prices.
They understand that this cannot go on any longer, and that only by completely solving the root causes of the silver crisis can the silver crisis be completely eliminated.
The root cause is the currency reform of the Chinese Empire, which has made it clear that it will not stop the currency reform.
As long as there are enough interests, the Chinese Empire will stop the currency reform, even if it does not stop the reform, as long as the Western countries pay enough benefits to postpone the currency reform of the Chinese Empire for two years, so that the Western countries have enough time to reduce the crisis of the silver industry to the lowest point, it is enough.
On 9 June, German Ambassador Henry visited Imperial Chancellor Yan Xuecai to discuss the reform of the Chinese Imperial Currency System and the World Silver Crisis.
Compared with other countries, Germany is the country with the best relations with the Chinese Empire, after all, Germany and the Chinese Empire have a lot of cooperation.
But don't forget that Germany is still a Western country, a Caucasian country, while the Chinese Empire is a yellow country, and in this silver crisis that has spread all over the world, Germany can only stand in the Western camp.
Western countries have understood that the Chinese Empire will not stop the currency reform, and if the Chinese Empire continues to use the silver standard, it will allow the Western countries to continue to use silver to plunder the wealth of the Chinese Empire, and the intention of the Chinese Empire's currency reform is very obvious.
Therefore, Henry directly told Yan Xuecai that he hoped that the currency reform of the Chinese Empire would be suspended for two years, and that Western countries could pay enough benefits.
Seeing that the Chinese Empire and Germany have a cooperative relationship, Yan Xuecai did not send the guests directly, but said to them: "There is still more than half a month left to complete the currency reform, and the Chinese Empire will not give up, you can understand how much impact the Chinese Empire will have if it gives up this currency reform." ”
Yes, Henry understands that once the Chinese Empire announces the abolition of the currency reform to its own people, even if everything is restored, it will make the people of the Chinese Empire distrust the government, and the government of any country will not do such a stupid thing, and once the people do not trust the government, the country will basically be finished.
Thinking of this, Henry didn't know how to speak for a while.
Germany is a nominal ally of the Chinese Empire, and both countries have the same enemies, Yan Xueyi intends to let Germany reduce its losses in this crisis, according to Yan Xueyi's instructions, Yan Xuecai said to Henry again: "I have a way here to make Germany reduce its losses." ”
"Really?" Henry asked, his eyes lit up.
Every crisis that ripples around the world has a huge impact on the economies and strength of countries, and Germany is only a country that has only developed in recent decades, and Henry does not want to see Germany suffer huge losses in this crisis that is about to take shape.
Yan Xuecai smiled mysteriously: "The crisis should be started by Germany!" ”