[When I wrote about the battle scenes, the subscription suddenly fell, okay, Heng Yi will write less about the battle scenes in the future]

The price of silver has fallen to an all-time low, and a large number of bankruptcies have appeared in Western countries, mainly the United Kingdom, France, the United States, and Russia. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

The first to go bankrupt were the few speculators, who saw an opportunity to take advantage of the silver crisis, and even took out loans from banks to buy silver, and then dumped it before the first of July, so that they could make more or less money.

However, the merchants of Germany, Italy, Austria-Hungary and other countries did make some money by selling silver first, but the speculators in Britain, France, the United States, Russia and other countries were unlucky, and when they threw out the silver in their hands, the price of silver in the entire market fell sharply, everyone was selling silver, but no one was buying silver anymore.

In Western countries, there are only two main uses for silver, one is to "speculate silver", and the other is to trade with silver to countries that are still on the silver standard.

Before the world's largest silver standard country was the Chinese Empire, a huge market of more than 400 million people, attracting countless Western merchants to come, Western merchants to the Chinese Empire, can carry out three transactions: the first is to sell their own goods to the Chinese Empire, the second is to sell the goods of the Chinese Empire to their own country, the third is the difference in the price of silver between the two countries, and the three transactions have made many Western merchants rich.

Although the sea is full of dangers, a large number of merchant ships laden with goods (including silver) depart from the west every day for the Chinese Empire, and as long as they can return safely, it represents the emergence of a new rich man.

But when the silver crisis came, all the merchants who wanted to use silver to earn money in the territory of the Chinese Empire regretted it greatly, and no one bought the silver in their hands, and the Chinese Empire carried out currency reform, abolished the silver standard, and silver could not be used in the Chinese Empire.

The cost of smelting silver is much higher than the current price of silver.

And the number of steamers bound for the Chinese Empire was greatly reduced.

Entering August, the first bank went bankrupt due to the silver crisis, which is a small regional bank in the United States, and the silver crisis generated a large number of bad debts and dead debts, resulting in almost no liquidity in the bank, and only went bankrupt.

Almost every day, small banks in Britain, France, the United States, Russia and other countries went bankrupt, and the big banks were able to survive because they had more funds, and the small banks were originally surviving in the cracks, and a large-scale financial crisis came, and bankruptcy was inevitable.

At this time, a news spread in Western countries: governments are ready to "learn" from the Chinese Empire, abandon the gold standard system, use credit money, and the price of gold will plummet!

Rather believe it or not, many people in Western countries according to their own hands of gold to the bank in exchange for paper money, this behavior has led to a large number of bank notes to be exchanged, when other transactions, others do not use gold to trade, for a time, some medium-sized and even large banks in Western countries are rapidly reducing their liquidity, there are already medium-sized banks because of insufficient liquidity, began to stop gold exchange paper money business.

In the face of the sudden news, the heads of government who were extremely worried almost wanted to faint, and even the heads of government of Germany, Italy, and Austria-Hungary, who were still complacent, were speechless, and the impact of the silver crisis on their countries was not as serious as that of Britain, France and other countries, but this run on the storm could not be avoided.

"Who is spreading this news, and when does the government want to abandon the gold standard?"

Even though governments have come forward to claim that this is pure nonsense, there is a steady stream of people who enter banks to exchange gold for paper money.

For a time, the supply of paper money in various countries was insufficient, and countries could only speed up the printing of paper money to ease market pressure.

This run, which has not yet ended, has given governments governments a wake-up call, and some governments are already thinking about whether they should use credit money instead of the gold standard, as the Chinese Empire did.

But governments also know that abandoning the gold standard is unlikely to happen anytime soon.

But let's not forget that the silver crisis has not ended, and there has been a sudden run, coupled with the black hand behind the scenes, the stock markets of various countries have fallen sharply, the stocks of enterprises in the silver industry have fallen by more than 80 percent, the stocks of enterprises related to the white banking industry have also fallen by more than 30 percent, and even the stocks of industries that have nothing to do with the white banking industry are also falling, and the entire stock market is wailing, and the people have distrust of the market and have sold the stocks they hold.

In this case, a large number of silver-related and unrelated enterprises went bankrupt, and the economy of the entire Western world was hit hard.

……

While the countries of the West are struggling with the silver crisis and its ripple effects, the Sino-Russian war continues.

The 42,000 men of the Russian vanguard army were completely wiped out by the Suzaku Legion, but the main Russian army that followed after it became cautious because of the loss of contact with the vanguard army, and did not dare to act lightly until the exact situation was known.

The main Russian army, armed with a large number of heavy machine guns, is a difficult bone to gnaw, and if the Suzaku Legion wants to take this enemy army in one battle, I am afraid that it will need to pay a lot of casualties.

So the Suzaku Legion formulated a "sheep shearing" plan, which was divided into two parts, the first part was to focus on the air force, the air force bombed the airship formation to bomb the positions of the main Russian forces indiscriminately, and every bombing of the air force would bring huge casualties to the Russian army, and the morale of the Russian army would be reduced.

However, the Russians are also slowly thinking of various ways to deal with the bombing of airships, such as digging deep trenches, hollowing out mountains, etc., which will allow the Russian army to reduce the number of casualties under the bombardment of airships.

But the airship bombed the Russian army so many times, countless Russian troops were killed, the morale of the Russian army plummeted, and even a large number of deserters appeared.

Someone in the Russian army proposed to retreat, but the Russian commander Matvey refused, because he knew that if the Russian army retreated, without fortifications to resist, it would soon be wiped out by the enemy's airships and cavalry.

The airship came to the head of the Russian army again, and the aerial bombs plowed the Russian army over and over again, and at this time, there was a thunder in the distance, which was the sound of countless horses' hooves trampling the earth, and the Suzaku Legion finally launched a total against the Russian army.

The Russian troops, who were barely able to survive under the bombardment of airships, lost all morale, and then there were hundreds of rapid-fire mortars from the cavalry.

The positions of the Russian army have fallen.

Seeing this scene, Matvey ordered the remaining Russian troops to surrender, while he swallowed his gun and committed suicide.

[Kavin, Ka's desire to die]