Chapter 209: The Next Chance to Make a Fortune
In 1933, Feng Tian wanted to do one thing with all his might, that is, to collect as much silver as possible. Pen % fun % Pavilion www.biquge.info
Silver is the currency in circulation in China, and it is too simple for Fengtian to collect silver, as a supplier of goods, he only needs to collect silver and do not need other circulating currencies.
Therefore, as soon as the operation of the Huashang joint-stock company began, Fengtian set the tone.
In addition to collecting silver at home, Feng Tian also needs to collect silver around the world.
In addition to the normal expenses that the Jade Dragon Group had to maintain, Feng Tian asked William and John to convert all the income of the Jade Dragon Company in the West, whether it was a German mark, a franc or a US dollar, for silver, whether it was futures or spot.
Yulong's flagship product, stockings, as well as related ancillary products, such as fashion, are sold almost in short supply all over the world.
In the West, the Jade Butterfly clothing brand under the Jade Dragon Company is very prosperous and is synonymous with extremely high-end products.
Jade Butterfly fashion is already the most popular fashion in the West, and you will see some bright figures on the street: women wear stockings of various colors, looking so slender with long legs, and the little skirts that are tight at the hips are more and more sexy.
The top is a short dress with a corset, and the upper part of the small waist is fluffy, especially those women with extremely inflated murder weapons, which impact people's vision and make those male hormones rise rapidly.
Some decent women, if they don't have a jade butterfly brand clothing, it's a shame to say it.
Whose money is easiest in this world?
Of course, it's easiest to earn a woman's money.
Therefore, from this year onwards, there is no shortage of money, and money is pouring in like a tide.
William and John didn't know why Feng Tian would exchange his income for silver, but Feng Tian would never go crazy, nor would he be untargeted, and according to their judgment, there must be something wrong with this matter.
Therefore, whether it is William or John, the gains from their shares in the companies under the Yulong Group, as well as other earnings, have also been exchanged for silver.
Anyway, there must be a reason for what Feng Tian does, and he can't make a fortune if he wants to follow Feng Tian.
Yes, the next opportunity to make a fortune that Feng Tian is aiming at is silver, which is a short-term project.
The Great Depression of 1929 dealt a severe blow to silver producers, and the price of silver fell sharply, from 58 cents per ounce in 1928 to 38 cents in 1930 and 25 cents in the second half of 1932.
Under these circumstances, the silver group immediately launched a lobbying campaign to raise the price of silver.
In order to get out of the predicament, the silver group is making various efforts to try to reverse the decline in the price of silver.
They convened international conferences, demanded that the government buy and reserve silver, and mint and issue silver coins at above-market prices, but these lobbying activities did not achieve much success during President Hoover's tenure.
In November 1932, Democrat Roosevelt was elected president of the United States, and the Democratic Party also won a major victory in the congressional election, and at the same time, the power of Democratic senators from agricultural states, close allies of the Silver Group, was strengthened.
As a result, the influence and lobbying activities of the silver group are at an all-time high.
As a democratically elected president, the president of the United States must of course represent the interests of an important voter, and this important voter is an interest group and nothing else. The common people are considered Mao, and they can get by in general.
Now that he has been elected, of course, he has to give back to his voters.
The United States is a traditional silver producer, and in the United States, capital controls 66% of the world's silver production and 77% of silver smelting.
However, the silver industry does not play a significant role in the U.S. economy.
According to 1934 data, the value of silver that year was only $32 million, less than that of peanuts and potatoes, and even less than that of wheat and cotton.
However, silver is more concentrated in the seven western states (Utah, Idaho, Arizona, Montana, Nevada, Colorado, and New Mexico). But it matters, and senators from these seven silver-producing states control one-seventh of the voting power in the Senate.
The legislators of these states, especially the Democratic ones, are the core of it, and the so-called silver clique is formed by the producers of copper, lead, zinc and other by-products, and the US government and politicians have found that only by pleasing the silver clique can it be possible to pass other policies or bills smoothly.
At that time, President Roosevelt also needed the support of the Silver Group in order to pass a series of bills on the New Economic Policy, and partially connived at the activities of the Silver Group.
The famous silver senator Pittman, then chairman of the US Senate Foreign Affairs Committee, once declared that if President Roosevelt did not increase subsidies for silver producers, he would ask the Senate not to vote on the "neutrality law."
The passage of the Silver Acquisition Act in June 1934 marked the culmination of the Silver Group's lobbying activities.
The main content of the Silver Acquisition Act is to authorize the Treasury to purchase silver in the domestic and foreign markets until the price of silver reaches $1.29 per ounce, or the value of the Treasury's reserves reaches 1/3 of the gold reserves.
The Treasury has broad discretion in the acquisition process (the Silver Acquisition Act is more detailed as follows: Purpose: to raise the price of silver; The value of silver, which is used as a currency reserve, is increased to 1/3 of the value of gold as a currency reserve, and silver bonds are issued.
Measures: The Ministry of Finance decides on the timing and terms of the purchase of silver in the domestic and foreign markets, depending on whether it is in the public interest of the country; When the price of silver rises to $1.29 per ounce or the value of silver used as a monetary reserve reaches 1/3 of the value of gold as a monetary reserve, the purchase of silver shall be stopped; On May 1, 1934, the price of silver in the United States shall not be less than $0.5 per ounce; When the value of silver reserves exceeds 1/3 of gold reserves, silver should be sold; The face value of the silver voucher must not be less than the cost of the silver; The Ministry of Finance may control the import, export and other transactions related to silver; The president announced the nationalization of silver; A 50% income tax will be levied on profits derived from the sale and purchase of silver.
This is another opportunity for a huge transfer of property, and with Feng Tian's personality and his greedy nature, of course, he will not let it go.
Besides, there is no store in this village, and if you want to dig with your dead hands, you will never be soft.
Others may not know, Feng Tian understands very well in his heart, the biggest potential opponent in the future is the United States, the more the opponent decays, the more powerful he is, and the strength itself is relative, who will he do if he doesn't do it!
In Feng Tian's eyes, the future United States is a big beauty, and she needs Feng Tian very much, and it has a different taste.
World War II was a turning point in the rise of the United States, and now, the heavens are coming, and World War II has also become a turning point in whether to rise.
If the United States rises, then there will be a superpower like the future generations.
The scenes of the United States containing China in later generations have made every citizen unforgettable.
Others are stronger than you, there is no way, you can only hold back.
People come to harass you and bully you from time to time, and you have to be aggrieved and patient.
Although it is still too early for Feng Tian to talk about the rise, he is still in the process of starting a business.
However, can we not take advantage of the opportunity in front of us?
If you don't have a chance, you won't let go of the past when the opportunity comes, you have to make a black hand, you have to be ruthless, you have to fall into the well, it's best to break his backbone, so that he will never have a chance to stand up again.
Of course, this is all speculation, and the closure of the sky is a drizzle for Americans in the silver market.
The boss of this world turned out to be the British Empire, and after World War I, the British Empire was a little unbearable, and now it has not fallen.
However, in the coming World War II, the British Empire will definitely decline.
At the very least, the world boss has no part in his place, and the United States has replaced him.
Therefore, the two world wars made the United States, and during the war, both sides bought and sold arms and strategic materials, and made a huge war windfall.
When both sides were exhausted, the United States entered the war and participated in and led the post-war division of interests.
As for Japan's invasion of China, the Americans played an important role in it, at least most of the strategic resources needed by Japan to launch the war came from the United States, and without the United States as a big supplier, there would be no Japanese armaments.
After the silver bill in the United States, China was hurt.
China was the only major country that still adhered to the silver standard at the time, and it was the most populous country in the world.
Americans believe that China was a large country that still used silver as currency at that time, and that there was a large accumulation of silver.
Raising the price of silver increased China's foreign purchasing power, opened up a vast market for American goods, and could sell America's surplus of automobiles and wheat, which helped the United States get out of the economic crisis at that time.
On the other hand, it is believed that raising the price of silver can be used to hit Chinese industry and weaken the competition between Chinese and American goods.
Because the low price of silver has led to low purchasing power in China, Chinese can only buy cheap goods from their own country, which promotes the development of Chinese industry and reduces the sales of American goods in China, making China the "most destructive competitor in the world market" of the United States.
A higher price of silver would make China's currency appreciate, increase the cost of China's industrial products, and weaken the competitiveness of Chinese products, thereby benefiting American entrepreneurs and farmers.
After the signing of the Silver Acquisition Act, the exchange rate of the Chinese currency against the US dollar rose sharply, and each ounce of silver could be exchanged for three times the purchasing power of the US dollar, that is, three times the US dollar could be exchanged for the same value of the Chinese currency.
Residents of the United States and the rest of the world suddenly feel the high price of Chinese goods, while the Chinese people are happy to consume foreign goods.
When most of China's goods were no longer export-competitive, the only commodity that could be exported at that time was silver, and in China, where the silver standard was based, the export of silver led to a shortage of Chinese currency and a severe economic panic.
At that time, in order to stop the outflow of silver, the Chinese government used harsh laws to prevent silver smuggling.
None of this helped, and in 1933----1935, when the world's economies were already recovering, China was in a time of great economic panic. After 2013, the U.S. economy began to stabilize, China's economy began to decline, and exports were blocked. (To be continued.) )