"Such a confidential matter, the slightest leakage is a great disaster, and Chief Yang should be cautious." Yan Weifan said, "It's understandable. ”

With the sound of a few lighters being lit, a faint smell of smoke filled the paper in the house, and Qiao Yingxia knew that he didn't have a chance to see the content of Yang Shuoming's handwritten letter.

The two envoys of the Ministry of Finance got up to say goodbye, and after confirming that they were sent away, Qiao Yingxia walked out from behind the screen, saw Qiao Yingxia appear, and Yan Weifan handed him the agreement.

Qiao Yingxia took the agreement and only glanced at it, and her face immediately changed.

"Is it true that the Ministry of Finance has accepted silver? How can you say yes? ”

"Don't panic, the owner still owns this silver." Yan Weifan pointed to several clauses in the agreement, "The purpose of his doing this is to keep the silver in our hands. ”

Qiao Yingxia heard Yan Weifan say this, realized his gaffe, he took a deep breath, calmed down, and looked at the agreement carefully.

Soon, Qiao Yingxia finished reading the agreement, but the doubt in his eyes was not eliminated because of this.

"This money is in our hands, but in this way, won't we become the treasurer of the Ministry of Finance?" Qiao Yingxia said, "It is forbidden to use real silver in transactions, only silver dollar coupons are allowed, and it is not allowed to leave the country, so what's the use of saving so much silver?" ”

"Just now, Chief Yang explained in detail the reason for this in the letter." The expression on Yan Weifan's face became solemn, "He wants to leave a silver cellar in the hands of those of us who are engaged in business for future use, so as not to let this silver be lost abroad, and then it is to deal with himself." ”

"Dealing with me?" Listening to Yan Weifan's words, Qiao Yingxia was shocked, because he couldn't think of what this silver had to do with himself.

"Yes. From now on, in less than ten years, there will be a battle between my China and the Covenant," Yan Weifan nodded affirmatively, revealing a vicious expression, "The so-called victory is above the temple, this time, our China will destroy it economically first, and it will be won!" ”

On January 3, 1935, the Ministry of Finance of the People's Republic of China issued the "Proclamation on the Implementation of Currency Reform", the main contents of which are as follows:

1. Starting from January 4 of this year, the silver dollar bills issued by the Central Bank, the Bank of China, the Bank of Communications, and the Workers' and Peasants' Bank shall be the legal tender of the state, and all taxes paid on grain and all public and private funds shall be limited to silver dollar bills. If there is any concealment and intent to evade, the punishment shall be governed by the emergency punishment law for endangering the people.

(2) Bank banknotes issued by the Ministry of Finance, except for the Central Bank, China, Communications, and Workers' and Peasants' Banknotes, which are now in circulation, shall be allowed to be exercised as usual; The amount of its issuance is limited to the total amount in circulation as of January 3, and no additional issuance is allowed. The Ministry of Finance shall, at its discretion, gradually exchange the central banknotes for a period of time, and place all the statutory reserves of the total amount in circulation, together with the new notes that have been printed but not issued and the old banknotes that have been issued and recovered, to the Reserve Committee for Issuance. The new banknotes that are to be printed shall be photographed and kept as soon as they are printed.

3. The custody of the reserve fund of silver dollar bills and the issuance and exchange of them shall be handled by the Issuance Preparation Management Committee to confirm the security and consolidate the credit. The charter of the committee will be published separately.

(4) All silver and money stores and other public and private institutions or individuals who hold silver dollar standard currency or other silver coins and the like shall be handed over to the Issuance Preparation Management Committee or a bank designated by it for exchange for silver dollar coupons from January 4. Except for the silver dollar standard currency, which is exchanged for silver dollar coupons according to the denomination, the rest of the silver types are exchanged according to the actual amount of sterling silver.

(5) Contracts previously concluded in units of silver coins shall be settled and paid in silver dollar bills at maturity in the amount originally fixed.

6. In order to stabilize the foreign exchange price of silver dollar bills against foreign exchange according to the current price, the four banks of the Central Government, China, Communications, and Industry and Agriculture shall buy and sell foreign exchange without restrictions.

On January 8, China's political axe released a document entitled "Explanation of the New Currency System" to ensure that the new currency system will not lead to inflation. By "answering the public's questions about the new currency system", China's political axe highlighted several important aspects of currency reform. In response to doubts about the viability of exchange stability, China's political axe pledged to implement a stable exchange rate, and if the exchange rate differs too much, the four major political axe banks will intervene together. In response to possible fluctuations in commodity prices, China's political axe assures that the volatility will be temporary, stabilize in a short period of time, and most likely remain at the level of mild inflation. Regarding the prohibition of the circulation of physical silver, the Chinese political axe explained the advantages of using banknotes and silver dollar coupons, and advised the public to change the habit of using physical silver, and at the same time stated that the silver dollar coupons were supported by sufficient reserves and there would be no problems in circulation.

As soon as the policy of issuing banknotes and silver dollar bills was announced, the British minister in China immediately issued a royal decree requiring all British merchants and British expatriates in China to abide by Chinese laws and regulations to accept silver dollar bills and not to use silver again. British-funded banks such as HSBC and McCarry, which occupy an important position in China's financial circles, took the lead in exchanging their inventory of silver to the Central Bank of China, totaling nearly 300 million taels of silver. Citibank and other U.S.-funded banks in China also exchanged 117 million taels of silver to China's political axe.

Yokohama, the headquarters of Shojin Bank.

In a conference hall, a secret meeting is going on.

"The Yanjing political axe has succeeded in achieving national unification once again in terms of economy and finance."

"Historically, the issuance of banknotes has been extremely reputable, so it has failed repeatedly, and this time will be no exception."

"No, this time is different, the key to the success of the issuance of paper money by the political axe of China is to have the credibility of foreign exchange in Western countries and the support of Britain and Mi, the support of Britain and Mi is to limit the strategic purpose of opening up in East Asia, China can abolish the unequal treaties after the end of the European war, and the key reason is that the finance of China is linked to Britain and Miri, and after the economic and financial integration with Britain and Miri, these unequal treaties have become an obstacle to international financial capital for free trade, which is the economic basis for Britain and Mi to support China."

"Do you know how much wealth China got this time? As of last year, China's foreign debt was 1.3 billion silver dollars, and the total investment of various countries in China was 6 billion silver dollars, and the value of private creditor's rights, property, and real estate in China was 9 billion silver dollars. That's five times the amount of currency issued in China! It is also more than 10 times the reparations for all the defeats in China since 1840! This is an unprecedented and major victory for the financial community in China! You must know that in Manchuria, Mongolia and North China, foreign assets are mostly capitalized, and such a policy of Britain and Mi is generous to others! Despicable! Vile! ”

"The currency issued by China is pegged to the British currency, which is itself in the interests of the United Kingdom, and at the same time, the currency issued by China has exchanged a large amount of silver with the British and British to exchange it for foreign exchange, that is, their paper money, and the silver exchanged for these foreign exchange has flowed into the British pocket, which has become an important precious metal reserve, and has suppressed and controlled the evil inflation that may have been caused by the crisis and credit bankruptcy in the United Kingdom, and the increase in the purchasing power of the Chinese currency due to the issuance of paper money has also consumed excess capacity in the British and British crisis. Such a result is very beneficial for Yingmi. In fact, China handed over financial control to Britain and Milit, and the change of British and Mirin's monetary policy will directly affect China, and it will also facilitate the exchange of paper money for silver in China. ”

"Don't forget, the establishment of the national financial system was also carried out with the support of the British, and the war reparations against the Qing Dynasty were forced to be converted into pounds, and the more than 40 million pounds paid by the Chinese were turned into reserves for the issuance of the Yuan, so that in exchange for the establishment of the financial system of the Ben, which was actually a tribute to Britain and other Western powers! Nor is it something that can be done just through the Restoration. You must know that for the Western powers, they will never be willing to unconditionally let those plundered colonial and semi-colonial countries that do not have their own financial and monetary systems be able to establish their own monetary and financial systems, so as to avoid their future monetary and financial plunder, and the prerequisite for a country's reform and strength is to have its own financial and monetary system. It is because the financial lifeline of China is controlled by the Western powers, and the Western powers that control China do not allow the reform of China to succeed! But now, the situation has changed radically! ”

"In the financial and monetary reform of China, it is difficult to estimate the loss of the capital, because the large amount of investment and borrowing in China is calculated in silver, and now that China has abandoned the silver standard monetary system, even if the capital can get back the silver, it cannot be used as currency, and the value is greatly reduced. Once these investments and borrowings become the banknotes of China and are pegged to the British and American currencies, these borrowings will depreciate with the depreciation of the British currency, and will also be controlled by the British and the United States, so that the British and the United States will also receive the benefits of indirect control of the interests of the capital. It is said that it is a country with close economic ties with China, but the monetary reform of China is not related to the Yuan, which is unimaginable! ”

"The establishment of the financial system in China is not linked to the Yuan, it is a conspiracy of China and Yingmi! The trade between China and China is no longer silver, you must know that the export of China is mainly based on the China market, and the overseas investment in China is also facing the East Asian market, and the silver income of China has become the paper money of China, and the capital invested in China has also become the paper money of China, which will be affected by the financial policy of the political axe of China, which directly affects the foreign exchange security of China! What is even more worthy of our attention is that once China establishes an effective financial system, China's financial capacity will play a major role, and at the same time, the development of China's market will directly cause competition for China's products, and will also attract Western investment to leave China's direct investment, which will have a significant impact on Japan's economy and national development! This is China pretending to be a pig and eating a tiger! It's disgusting! ”

These dialogues among the financial elite illustrate the total bankruptcy of the strategy they have sought for years to control China economically.

Since the beginning of Nishihara's loans, he has sought to control China's sovereignty through the Yuan invasion, and during his term of office of about two years, the cabinet of the temple has lent huge amounts to China through various channels. The loans were all in the form of "economic loans," and non-governmental financial institutions such as the Jeongjin Bank, the Industrial Bank, and the Bank of Korea set up a separate "special loan group" as an investment group, and the Ministry of Finance allocated 100 million yuan to issue IB bonds as working capital. With these loans, he hoped to obtain the major benefits of China's monetary integration, so that the yuan would become China's actual currency, so as to further control China's sovereignty. After economic development and national reunification, China's elite took advantage of the contradictions between China and the Western powers and the "folk surnames" of the loans, and successfully crossed the border with Britain and the United States and other countries. Because if it is a silver currency borrowed by China's political axe, China's political axe must give an explanation to the bank, and the "civil behavior" needs to be settled according to the Chinese currency silver dollar, and the Chinese political axe is exchanged for paper money and silver dollar bills, which must be accepted by the Chinese side, so the financial assets of the Chinese government in China have been severely cleaned by China's new monetary reform. Such a result can be said to be a major failure of Ben's China policy and diplomacy.

In fact, the fact that Ben suffered such heavy losses was largely self-inflicted. Because in the financial crisis that occurred in China, he did not play a glorious role. As for the black hand of China, these elites in the financial industry will not say it in public.

After the U.S. government promulgated the "Silver Purchase Act" to artificially raise the international silver price by a large number of people at home and abroad, causing the world silver price to soar. In 1934, the world silver price rose by 26.7% compared to the previous year; It rose to its peak in 1935. As the price of silver rose sharply overseas, it became profitable to export silver, resulting in a large outflow of silver deposits from China. A large amount of silver was shipped out, causing great damage to China's financial market. In the face of China's crisis, it has added fuel to the fire, added fuel to the fire, and added chaos to the crisis, and vigorously opposed any attempt by a third country to adopt a stable Chinese currency system, in order to achieve the sinister goal of monopolizing China by sorting out the mess. The main method of this is to buy and squeeze out the money on a large scale, and smuggle it out of the country. He bought and smuggled silver in large quantities in various parts of China, especially in North China, instigating bank runs and creating financial panic. He said that he had set up purchasing stations in Qinhuangdao, Shanhaiguan, and at the ports along the coast and the Great Wall, and used the high price of Yuan banknotes to attract the cash shipped out of the customs, and "1,000 yuan of silver yuan can be exchanged for 14 million Chinese and foreign bills." Regarding the smuggling of silver, according to the report of Yanjing Zhengaxe, "It is said that Ben wantonly smuggled silver in Chongming and Haizhou in East China, and it was said that it was about 200,000 yuan. "The focus of smuggling is in North China. The Chinese media have also debunked it, saying: "In North China, all the barriers are now lost, and along the Great Wall, all the mouths stretch from Qinhuangdao in the east to Gubeikou in the west -- under the control of a certain countryman, smuggling has become a blatant secret." "It is said that the Benronin smuggled about 150,000 yuan of silver by land and sea in various parts of North China, that is, more than 4 million yuan per month." A portion of the smuggled silver was deposited in domestic banks to make up for the emptiness of the vault, and most of the rest was shipped to the local market to be smelted into sterling silver, and then transported to the London market to be sold at a high price.

The U.S. Department of Commerce has made statistics that in the first nine months of 1934, the total value of silver shipped out of Ben was 70 million yuan, compared with only 5 million yuan in the same period last year. "As far as we know, there should not be as much as the amount of silver deposited in the book and the silver imported in the book," and it is clear that most of it was smuggled out of China for export. In this regard, the newspaper of this book does not admit it secretly. According to the "Yue News" report: "In the ninth year of the Showa Dynasty, the output of silver increased by more than ten times compared with the same period of the previous year. From January to September, about 70 million yuan of silver was smuggled from Shanghai to Yuben, and the annual output of silver was only 10 million yuan. While smuggling silver, while trying to exclude Britain and the United States from interfering in China's economic crisis, he repeatedly hinted that he could provide loans to China to alleviate the crisis. However, the Chinese political axe was well aware of the sinister intentions of the book, ignored the olive branch thrown by the book, and did not consult with the book when it was preparing to carry out the currency reform.

After the announcement of China's currency reform plan, it greatly stimulated the nerves of the Japanese people, and because China announced the currency reform without prior notice, it attracted a chorus of condemnation from all circles of the military and political circles. The day after China announced the reform of the currency system, Ariyoshiaki, the minister to China, visited Chinese Finance Minister Yang Shuoming and rebuked China in person for not consulting with him before announcing the currency reform. In a telegram to the Ministry of Foreign Affairs, Ariyoshiaki said: "This envoy should visit Yang Shuoming by appointment. …… The envoy said that the people of Japan believed that this new system had been fully discussed with the British and Mimelians, but that the new system had been implemented suddenly, which had a profound impact on the feelings of the people of Japan towards China, and that the political and economic relations between the two countries would inevitably have a worrisome bad impact. On January 8, Major General Ryosuke Isoya, military attache of the Chinese Embassy in China, issued a statement on the reform of China's currency system, expressing "categorical opposition" to this move. He instigated: "This case lacks preparation in advance, lacks personnel to carry out the case, and does not have the understanding of all countries, and I am afraid that sooner or later, there will be loopholes in the next few months." Therefore, ending reform "is really the only way to save China." The headquarters of the Advisors also openly declared that China's currency reform was "negligent in the power of East Asian tranquility and disruptive the new policy of peace in the East, and the empire will be completely attacked!" ”

(To be continued)