Chapter 44: The Sacking of France (2)
There is a money shortage in France, and it is unprecedented.
The frenzy of people into the banks led to the closure of a large number of French banks because they were too short of money to cash, and even a large number of banks that had been looted and destroyed went bankrupt.
For a time, people in France were panicked, the economy was on the verge of collapse, and social unrest.
The French government is almost crazy, just gave a large amount of gold to the Tang Bank for dollars, as a result, more than 10 billion US dollars were burned, originally Jihua used this money to exchange gold from other gold standard countries, now all in vain, all the losses have to be borne by themselves.
France is in a money crisis that will become even worse than the US economic crisis if measures are not taken quickly.
Pierre's cabinet was forced to fall, and the new president, Paul, was also in a cold sweat and did not know what to do.
At this time, Madoff turned into the consul of the Tang Empire in France to meet French President Paul, and he personally conveyed the greetings of Zhang Meng, the commander of the three armies of the Tang Empire.
Of course, Madoff's arrival was of course purposeful, and closely related to the current financial turmoil in France. Previously, Zhang Meng deliberately wanted to convert more than 10 billion US dollars into gold and ship it out of France, but in fact, he deliberately created a shortage of gold in France. Immediately afterwards, Zhang Meng sent the Blue Fox special service team to destroy the banknotes in the French Central Bank, looted and destroyed the vaults of hundreds of French banks, induced the French to run frantically, and created a crisis of money shortage in France. And all of this is paving the way for this zuihou step.
When Madoff told Paul what he meant, Paul was hesitant at first. Subsequently, due to the severe situation in the country, he had to accept Madoff's conditions.
It turned out that Zhang Meng saw Jihua, who was short in France, go bankrupt. He didn't want the international banking syndicate to make money, and he had to think of killing the international banking syndicate in France, so he changed Jihua, and he wanted to force the French to abolish the gold standard and devalue the franc on a large scale.
As long as the franc is devalued on a large scale, then the international banking syndicate will be completely killed in France. It's just that Paul and most French officials don't want to give up the gold standard, but not the gold standard. Then the current crisis will be difficult to overcome, and it will be necessary to watch the international banking syndicate loot the wealth of France.
However, if the gold standard is abandoned, the franc will be greatly devalued. Although it can hit the international banking syndicate hard, causing them to seriously shrink the large number of francs they have just shorted in France, it is also equivalent to making all French people bear the cost of the franc shrinkage in disguise.
At the same time, Zhang Meng's Datang Bank urgently lent 12 billion Tang Yuan to France. Help France get out of the money shortage. In return. The French government should compensate for the final reduction of the franc by 12 billion Tang dollars.
In this way, Zhang Meng's Datang Bank suddenly became a usury, and the interest was the difference in profit between the shrinking and depreciating francs.
This is an astronomical sum, and once the French government starts implementing it, Datang Bank will make a huge profit. Zhang Meng's abacus crackled, but in the end, French President Paul agreed, considering the current crisis.
In the next half month, Datang Bank announced an emergency loan of 12 billion Tang Yuan to France to help France stabilize its financial market. Then the Banque de France started the printing press and went crazy to print francs. The franc depreciated by a factor of thirty over the next three months.
In addition to the agreement with Datang Bank, the Bank of France repaid Datang Bank 20 billion Tang Yuan with principal and interest. The French government could not come up with so much foreign exchange for a while, and could only compensate with more low-priced francs. Just as real estate developers often give their foremen a large number of cheap mortgage houses, Datang Bank received a large number of bearer bank bonds and francs from the Banque de France in return. These bearer bank bonds are allowed to be traded in the market, and as for how much money can actually be cashed out, it depends on Datang Bank's own ability.
Fortunately, Zhang Meng and Madoff were well prepared, and soon converted these bonds and francs into foreign currency, and with their shrewdness and ability, they made a full profit of 20 billion US dollars.
While Zhang Meng was elated, there were Carney and a group of international predators crying to death, and a large group of people jumped off the building.
Carney and other international financial predators painstakingly shorted France, and finally bought low and sold high to make tens of billions of francs, but when they were about to cash out the franc into dollars and withdraw from France, they encountered a crazy depreciation of the franc diving, and as a result, the franc in the hands of Carney and other international banking groups suddenly shrank several times.
At this time, if France had not experienced a money shortage crisis, the Cabinet did not plan to completely turn around with the Ross family and the international banking group, but with his decision to depreciate the franc, it would mean a complete confrontation with the international banking group, so there was no need to take it into account, Paul even deliberately released a message to continue to insist on the gold standard, saying that the franc would soon return to its original price. Carney and other international financial predators do not want the depreciation and shrinkage of the franc in their hands, and they all want to get back the tens of billions that have evaporated, so they choose to continue to hold the franc and wait for the franc to appreciate back.
As a result, after a few months, the franc depreciated wildly, and the bubble of appreciation was simply impossible, and most of the tens of billions of dollars of investment in the hands of international financial predators such as Carney evaporated, and in the end only less than $3 billion remained, of which Carney lost the most, and it can be said that he only lost his pants.
Upon his return to London, Carney was so angry that he spurted blood.
The international banking syndicates, on the other hand, have suffered huge losses, and it is difficult for them to gather a large amount of funds to carry out international financial blackmail in a short period of time.
As the biggest victor in this financial war without gunpowder, Zhang Meng is undoubtedly Zhang Meng. His Datang Bank made a profit of more than $20 billion, replacing the Ross family as the number one financial predator in Shijie in one fell swoop, and there is no international financial predator who can compete with him in a short period of time.
As Zhang Meng's mistress, Mira also made a lot of profits, with hundreds of millions of dollars. However, Mira's biggest goal is to seize the position of the head of the Ross family, there is no doubt that the outstanding representative of the Ross family, Carney, failed to operate, resulting in heavy losses for the Ross family, and the branches of various countries were completely divided, Mira would have been enforced by her father, but because of her special relationship with Zhang Meng, she avoided it, and thus really took over all the industries of the American branch of the Rose family, and the other branches also gave up the idea of annexing the Mila family.
After the crazy depreciation of the franc, other countries such as the United Kingdom and the United States were also touched, and countries began to study the feasibility of abolishing the gold standard.
Especially in the United Kingdom, this time it can be said that the loss is heavy, because Carney is the governor of the Bank of England and the British representative of the Ross family, Carney has suffered the worst loss, and it will naturally affect the United Kingdom.
In the Prime Minister's office in Downing Street, MacDonald roared, accusing Stanley of lending Zhang Meng a billion pounds, otherwise Zhang Meng would not have succeeded, and Britain would not have suffered such a huge loss.
The Conservative Party, led by Stanley, suddenly decided to devalue the pound as well, so that it could cope with the impact of the depreciation of the franc on the gold standard.
"No way!"
MacDonald jerked to his feet in disapproval. He couldn't help but be stunned and said: "If we devalue the pound now, won't the billion pounds that Zhang Meng borrowed from us shrink?" Damn, I should have thought of this, Zhang Meng, the fox who had money but wanted to borrow a billion pounds from us, because he had expected that we would devalue the pound so that he could pay hundreds of millions of pounds less. (To be continued......)