The body begins

"The slightest leakage of such a confidential event is a great disaster, and President Yang should be cautious. Press Ctrl+D to quickly collect "Please see the novel network," 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 to deal with the Japanese." ”

"Against the Japanese?" Listening to Yan Weifan's words, Qiao Yingxia was shocked, because he couldn't think of anything to do with the Japanese.

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

On January 3, 1935, the Ministry of Finance of the Chinese Government issued the Proclamation on the Implementation of Currency Reform, the main contents of which are as follows:

1. With effect 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 issuance amount 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 silver coins shall be settled and paid in silver dollar bills on the maturity date 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, the Chinese government released another document called "Explanation of the New Currency System" to ensure that the new currency system will not lead to inflation. The Chinese government highlighted several important aspects of currency reform by "answering the public's questions about the new currency system". In response to doubts about the feasibility of exchange stability, the Chinese government pledged to maintain a stable exchange rate, and if the exchange rate differs too much, the four major government banks will intervene together. In response to possible fluctuations in commodity prices, the Chinese government assures that the fluctuations will be temporary, stabilize in a short period of time, and most likely remain at the level of mild inflation. Regarding the ban on the circulation of physical silver, the Chinese government explained the benefits of using banknotes and silver dollar bills, advised the public to change their habits of using physical silver, and stated that the silver dollar bills were supported by sufficient reserves and there would be no problems in circulation. …,

As soon as the Chinese government's policy on the issuance of 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. banks in China also exchanged 117 million taels of silver to the Chinese government.

Yokohama, Japan, Shojin Bank Headquarters.

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

"The Beijing government has succeeded in reuniting the country economically and financially."

"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 Chinese government in issuing paper money this time is to have the credibility of the foreign exchange of Western countries and the support of Britain and Mi, the support of Britain and Mi is to limit the strategic purpose of Japan's development in East Asia, China can abolish the unequal treaties after the end of the European war, 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, most of the foreign assets are Japan, 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 currency 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, becoming an important precious metal reserve, and has suppressed and controlled the hyperinflation that may be caused by the crisis and credit bankruptcy in the United Kingdom, and the excess capacity of the British and British crises has also been consumed due to the increase in the purchasing power of the paper money issued. 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 Japan's national financial system was also carried out with the support of the United Kingdom, Japan forced the war reparations against the Qing Dynasty to convert China into pounds, and Japan was turning the more than 40 million pounds paid into reserves for the issuance of yen, so as to exchange for the establishment of Japan's financial system, which was actually Japan's tribute to Britain and other Western powers! Nor is it something that Japan can do just through the Restoration. You must know that for the Western powers, they will never be willing to unconditionally allow those plundered colonial and semi-colonial countries that do not have their own financial and monetary systems to establish their own monetary and financial systems, so as to avoid their future monetary and financial plundering to gain economic independence, and the prerequisite for a country's reform and strength is to have its own independent 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 China's current financial and monetary reform, Japan's losses are difficult to estimate, because Japan's large investment and borrowing in China are calculated in silver, and now China has abandoned the silver standard monetary system, even if Japan can get back this silver, it cannot be used as currency, and the value is greatly reduced. Once these investments and borrowings became the banknotes of China and pegged to the British and American currencies, these borrowings would depreciate with the depreciation of the British currency, and would also be controlled by the British and the United States, so that the British and the United States would also receive the benefit of indirect manipulation of Japanese interests. Japan is a country with close economic ties with China, and it is inconceivable that China's currency reform will not have anything to do with the yen! ”…,

"The establishment of the financial system in China is not pegged to the yen, it is a conspiracy of China and Yingmi! The trade between China and Japan is no longer silver, you must know that Japan's exports are dominated by the China market, and Japan's overseas investment in Japan is also facing the East Asian market, Japan's silver and silver income in 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 China government, which directly affects Japan's foreign exchange security! 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 Japanese products, and will also attract Western investment to leave Japan to invest directly in China, which will have a major impact on Japan's economy and national development! This is China pretending to be a pig and eating a tiger! It's disgusting! ”

The dialogue between these Japanese financial elites illustrates the total bankruptcy of the strategy they have sought for years to control China economically.

Since Nishihara borrowed money, Japan has sought to invade and control China's sovereignty with the yen, and the Terauchi cabinet of Japan has lent huge amounts to China through various channels during its term of office of about two years. Japan's borrowings are all in the form of "economic loans," and private financial institutions such as Jeongjin Bank, Industrial Bank, and Bank of Korea have set up a separate "special loan group" as an investment group, and the Ministry of Finance has allocated 100 million yen to issue IB bonds as working capital. With these loans, Japan hopes to gain significant benefits from the integration of Chinese and Japanese currencies, making the yen the de facto currency of China, and thus further controlling China's sovereignty. After economic development and national reunification, China's elite took advantage of the contradictions between Japan and the Western powers and the "non-governmental nature" of Japanese loans to successfully secretly cross the gap with Britain and the United States, and China's financial system was pegged not to the yen but to the British and American currencies, which dealt a huge blow to Japan. Because if it is a silver currency borrowed by the Chinese government, the Chinese government must give an explanation to Japan for the exchange of silver, and the "private behavior" needs to be settled according to the Chinese currency, the silver dollar, and the Chinese government has exchanged it for paper money and silver dollar bills, which is something that the Japanese side must accept, so Japan's financial assets in China have been severely cleaned by China's new monetary reform. Such an outcome can be said to be a major failure of Japan's policy and diplomacy toward China.

In fact, Japan is largely to blame for such heavy losses. Because in the financial crisis in China, Japan did not play a glorious role. As for the black hand of China, these elites of the Japanese financial circles 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, Japan added fuel to the fire, added fuel to the fire, 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 by Japan. Japan's main practice is to buy and squeeze out silver on a large scale and smuggle it out of the country. Japan bought and smuggled silver in large quantities throughout China, especially in North China, instigating bank runs and creating financial panic. The Japanese set up purchasing stations at Qinhuangdao, Shanhaiguan, and along the coast and at the mouth of the Great Wall, and used yen banknotes to attract the cash shipped out of the customs at a high price, and "1,000 yuan of silver dollars can be exchanged for 14 million bills from China and China." Regarding the smuggling of silver, according to the report of the Beijing government, "Japan wantonly smuggled silver in Chongming and Haizhou in eastern China, about 200,000 yuan a day. "The focus of Japanese 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." "The Japanese ronins smuggled about 150,000 yuan of silver every day through land and sea in various parts of North China, that is, more than 4 million yuan per month." Japan deposited some of the smuggled silver in domestic banks to make up for the emptiness in the vaults, and most of the rest was shipped to Japan to be smelted into sterling silver, and then shipped to the London market to sell 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 from Japan was 70 million yen, compared with only 5 million yen in the same period last year. "To the best known of the amount of silver deposited in Japan and the import of silver registered in Japan, there should not be as much as it should be", and it is clear that most of it was smuggled out of China for export. Japanese newspapers have made no secret of this. According to the "Daily News" report: "In the ninth year of the Showa year, Japan's silver exports increased more than ten times compared with the same period of the previous year. From January to September, about 70 million yen of silver was smuggled from Shanghai to Japan, and Japan's annual silver output was only 10 million yen. "While smuggling silver, Japan has repeatedly hinted that it can provide loans to China to alleviate the crisis, while trying to exclude Britain and the United States from interfering in China's economic crisis. However, the Chinese government was well aware of Japan's sinister intentions, and ignored Japan's olive branch, and did not consult Japan when it was preparing to carry out currency reform.

After the announcement of China's currency reform plan, Japan's nerves were greatly stimulated, and because China announced the currency reform without notifying Japan in advance, it attracted condemnation from all circles of the Japanese military and government. The day after China announced the reform of the currency system, the Japanese minister to China, Ariyoshiaki, visited Chinese Finance Minister Yang Shuoming and reproached China in person for not consulting Japan before announcing the currency reform. In a telegram to the Japanese Ministry of Foreign Affairs, Ariyoshiaki said: "This envoy should visit Yang Shuoming by appointment. …… The envoy said that the Japanese people believe that this new system has been fully discussed with Britain and Malaysia, but with regard to Japan, it has been implemented suddenly, which has deeply affected the Japanese people's feelings towards China, and therefore there is a risk that the political and economic relations between the two countries will have a worrying bad impact. On January 8, Major General Ryosuke Isoya, military attache of the Japanese Embassy in China, issued a statement on China's currency reform, 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 Japanese Advisory Headquarters also openly declared that China's currency reform was "a new policy of negligent Japan, which has the power of peace in East Asia, and disrupted the peace in the East, and the Japanese Empire will completely attack it!" ”

*J@b