When it comes to foreign exchange, Chang Kaishen is completely weak, the war has been more than two years, in order to maintain the credibility of the fiat currency, the more than 100 million foreign exchange in the treasury has been consumed, and all that is left is a few million pounds in the Sino-British fiat currency equalization fund. Pen? Interesting? Pavilion wWw. ｂiquge。 In the last month, the exchange rate of fiat currencies has fallen to an all-time low: just four pence or eight .2 cents per fiat currency, just 27 percent of what it was before the war.

Originally, I thought that the equalization fund would not reach the end of the year, and I didn't want the pound to fall sharply after the start of the European war, so the Ministry of Finance and the government were half relieved, but the good news of the pound's sharp fall was not enough to maintain the equalization fund. According to the estimates of the New York branch of the Bank of China, together with the three cruise ships, the navy's assets in the United States are likely to exceed $100 million, and the cash in hand -- according to the information inquired from various places, it has invested 20 million yuan in the stock market alone, and has made a huge profit of more than 20 million yuan in the stock surge in September, which has been hailed by Wall Street as a stock market miracle.

Compared with Europe and the United States, Japan is a poor country, and compared with Japan, China is a poor country, and the War of Resistance was a poor man's war through and through. This can be seen from the military spending: the highest year of military spending was 37 years, and all military expenditures totaled 1.388 billion legal dollars[Note 66], which was equivalent to 416 million US dollars at the exchange rate of 100 legal currencies to 30 US dollars before the war; military spending in 38 years was about 1.4 billion legal dollars, but prices have risen this year, and excluding the factor of rising prices, the Ministry of Finance estimates that military spending will only be 1.065 billion (1937 legal tender value), which is only worth 319 million US dollars at the pre-war exchange rate. This year is coming to an end, and the military spending figure on the surface is as high as 1.6 billion, but excluding the price factor, it is only worth 727 million in legal currency and 218 million dollars in 37 years.

China's military spending has been decreasing year by year, but the Japanese army's military spending has increased year by year. Japan's military expenditure in 37 years was 3.278 billion yen [Note 67], Also measured in US dollars (100 yen to 28.81 US dollars), it is 944 million US dollars; this is just the beginning, in 37 years Japan did not expect China to dare to fight an all-out war of resistance, its war machine has not yet been fully activated, in 38 years, Japan's military spending has skyrocketed to 7.766 billion yen, if according to China's algorithm to remove the price rise factor, according to the Bank of Japan's public index, the equivalent of 37 yen currency value is 5.483 billion yen, or 1.579 billion US dollars; this year the situation is even worse, according to the budget of the Japanese Diet at the beginning of the year and the temporary military spending increased each month, its military spending rose again to 8.8 billion yen, equivalent to 6.828 billion yen in 37 years, US$1.967 billion.

$218 million versus $1.967 billion, this is not counting the military spending of previous years, and this comparison alone shows that there is absolutely no hope of relying on the national army's counteroffensive to regain lost territory, not only is there no hope, but even a bad one has the possibility of a complete rout. This is very clear from Chang Kaishen to the army commanders and division commanders below, or government dignitaries, and celebrities in the government and the opposition; And the Soviet Union, although it has experienced several major battles with Japan on the Manchurian-Mongolian border, the Soviet Union would rather make concessions than send troops to Japan, so all that can be done is to 'hold on to change' and hope that Britain and the United States will intervene.

It was very painful to hold on, especially because of the lack of foreign exchange, especially after the loss of Guangzhou, which saw exports plummet by two-thirds. Without foreign exchange, we cannot purchase advanced weapons, and the equalization fund will also be doomed -- it is not like those who have been attacked by the young people that they are sending money to the Japanese. It is true that the Japanese occupied North China, East China, and Central China and collected fiat currency in exchange for foreign exchange in the Shanghai Concession, but if the government really announced that fiat currency was not convertible, the fiat currency in the occupied areas would turn into waste paper and then rush to the Kuomintang area. Once a large amount of fiat currency from the occupied areas poured into the Kuomintang to grab the purchase of goods, the financial system would be washed down, and the War of Resistance Against Japanese Aggression would come to an end.

Of course, there is another way to declare the legal tender invalid and reissue a kind of credible banknote, similar to the Communist Party's border currency, but once the legal tender is gone, Japan's honorary occupation of these regions in Northern, Eastern, and Central China will become a substantial occupation, and Japan's military bills and counterfeit currency will quickly fill the gap in the legal tender -- before that, Chongqing may be able to go to the occupied areas to grab shopping funds by issuing additional currency, and the economy of the occupied areas will be completely controlled by Japan after the legal tender is truly abolished.

Military wars and currency wars, both of which require foreign exchange support. If the assets and cash owned by the Navy can be used for the War of Resistance, all the assets in the United States can be sold and the cash in the hands of the Navy can be used to support the government for one to two years, even if it can only be 100 million US dollars. The Polish campaign had long since ended, and Germany would deal with Britain and France next, and the situation would change, and the government might be able to defeat Japan with the help of Britain and the United States. But if you want to wait until that day, the country must endure hard, if you can't even wait until that day, the land of China will be completely sunk from then on.

After a long thought, Chang Kaishen stared at Lin Sen tightly, he was very worried about whether this old Qing Revolutionary Party who was over seventy years old could withstand the bumps in the journey, and he was also worried about whether he could complete the mission. It's just that this is a choice that has no choice, Chen Shaokuan, Zeng Yiding and others seem to be out of the way, but in fact, they are secretly commanding and supporting, and now the only person who can help them is him.

"President, after all, the navy is its own people, and it really shouldn't be ......" Lin Sen said euphemistically, and before he finished speaking, he changed his words: "Since it is the president's trust and the life and death of the country, then I will go to the United States once." ”

"Okay, okay." Chang Kaishen was overjoyed, he hurriedly stood up and grabbed Lin Sen's hand, and then felt that the handshake could not express his gratitude, he immediately stepped back and bowed heavily to Lin Sen.

Earlier, Chang Kaishen had also bowed to Lin Sen, and when he returned to Nanjing after the peaceful settlement of the Xi'an Incident in 1936, he bowed to Lin Sen as soon as he got off the plane -- without Lin Sen, the president of the country, who had not suggested that he should single-handedly stop some people in the party from immediately attacking and suppressing him, he, the chairman of the Military Committee, would have died in Xi'an.

Chang Kaishen bowed Lin Sen wanted to get up and stop him, but he was always slow to react, and he didn't get up until Chang Kaishen finished bowing. He said, "It's a long way to the United States, when should I leave?" ”

"Please leave this month, and I will instruct Dean Kong to arrange everything. However, in order to prevent Japanese invaders, please go to Myanmar first, board a ship in Yangon and travel to New York via the Indian Ocean. Chang Kaishen smiled and asked Lin Sen to sit down. Ziwen was also on his way to the United States with the chairman, and he was in Hong Kong, so I immediately asked him to go to Myanmar to meet the chairman. Since last year's tung oil loan, the U.S. government has stopped borrowing money from me, and Ziwen has many friends in the United States, and he may be able to open up some situations in the past. ”

Chang Kaishen said Song Ziwen, Song has been idle since he resigned in 33 years, and after the Anti-Japanese War, he wanted to return to the post of Minister of Finance, but this position has been occupied by Kong Xiangxi. After Kong Xiangxi became the premier, it was rumored that Kong Lingkan, the director of the Central Trust Bureau, would take this position, but Kong Lingkan was deported from Hong Kong a few months ago after the British authorities in Hong Kong seized a private radio station. As soon as Kong Lingkan goes, his comeback is a natural thing, and this party goes to the United States, which is the beginning of his comeback.

Lin Sen and Song Ziwen did not have too deep contact, and he just nodded to Song Ziwen going to the United States with him. Chang Kaishen also said: "If the navy can really be dedicated to the country and support the war of resistance, after the admiralty is restored, Chen Houfu will still be the minister of the navy, and the German boat thieves will also be pardoned at the appropriate time, and Li Hansheng, who is in charge of this matter, will not only not be punished, but I will personally appoint him as the commander-in-chief of the naval fleet." This man is brave and good at fighting, not only sank one Japanese aircraft carrier a few days ago, but also sank seven Japanese troop carriers in Qinzhou Bay last night. ”

Chang Kaishen is full of smiles when he talks about Li Kongrong, in addition to liking people who are loyal to him, he also likes to kill people who are decisive, powerful and responsible. Li Kongrong is such a person in his opinion.

"Okay, I will definitely tell them these and advise them to put justice first and the war of resistance first." Lin Sen nodded solemnly. He has also heard about the navy, and judging from the two speeches he just read, it is indeed possible for a bad navy to occupy Taiwan and stand on its own feet. "However, it would be better if Chen Houfu could go with him, he is a former Minister of the Navy after all......"

"Chen Houfu......" Chang Kaishen's tone was very high at first, and then he took a sharp turn. He said: "There are a lot of things in the navy, and it is not that it can be done well. Under German pressure, the abolition of the Admiralty had to be a last resort, but Brother Houfu probably felt that he had been wronged and could not turn this corner in a short time. ”

When Lin Sen mentioned Chen Shaokuan, Chang Kaishen could only say that he 'couldn't turn a corner in a short time', but in fact, Chen Shaokuan's mind was clear to him: he was determined to rebuild the navy in the United States according to his own will. In fact, the more the navy can fight a war, the more the government will not be at ease -- if the army does not obey the party's command, the country will return to the situation of warlord chaos in the Beiyang period, and only when the entire Chinese army obeys the party can the country be stable. It doesn't matter whether you can fight a war or not, the key is not to cause chaos, especially not to oppose the government.

This has been the principle of the army since the establishment of the National Revolutionary Army. The problem with the navy was that it was forced by the situation to agree to Yang Shuzhuang's so-called exception request that 'all the navy join the ******* party headquarters will not join the navy, and the navy will organize its own party department." In hindsight, it seems that the promise was wrong, and after the Navy joined the army, it was still a warlord style, with xenophobia, lax combat readiness, and smuggling. For them, the Nationalist Government is just an employer, while the Navy is only the caretaker of the national government, and its main task is to prop up the façade. This time, if Lin Sen can persuade the navy to return to the national government, he will definitely have to put more effort into the party affairs work when it is rebuilt in the future.

It didn't take long for Lin Sen, who knew Chang Kaishen's meaning, to leave, his back was heavy and slow, but after all, he still disappeared outside the gate of the Huangshan villa. After Lin Sen left, Chang Kaishen asked people to call He Yingqin again, wanting to know how he and Chen Shaokuan were talking, but the phone returned that Minister He had not come back yet, so he had to suppress this matter.

At this time, in a courtyard on the outskirts of Chongqing, former Navy Minister Chen Shaokuan was raising flowers, and he liked orchids, so he raised a few pots of orchids. He Yingqin, who was dressed in military uniform, walked into the courtyard and saw that he was handling orchids, and felt very interested. "I didn't expect Minister Chen to like flowers too."

"It's just a matter of passing the time." Chen Shaokuan was not surprised to see He Yingqin, as if he knew that he would come. "Sir He, don't call me a minister, that's all in the past."

"Hehe......" Chen Shaokuan had something to say, and He Yingqin just smiled lightly. He said: "It was also under the pressure of German diplomacy, and the Admiralty would definitely be rebuilt after the situation improved, and the minister was none other than Brother Houfu." Why, Brother Houfu didn't invite me to sit down and have a cup of tea. ”

He Yingqin is a humble person, and he is known as a mother-in-law in the army. No matter how angry Chen Shaokuan is, it is difficult to get angry with him, and besides, he has a lot to say for the navy. Chen Shaokuan put down the orchid in his hand and asked He Yingqin to sit down. He said: "Chief He has a lot of opportunities, how can he be free today......

"Hey. Something went wrong, and I always have to deal with the aftermath isn't it? He Yingqin was full of goodwill behind his gold-wire glasses, "Brother Houfu, does the Navy really want to rebuild its fleet in the United States?" The War of Resistance is in its third year, and it is becoming more and more difficult every year, how to fight after the Navy is rebuilt? The Japanese Navy is engraved with more than a million tons of ships. ”

"Li Hansheng said that only the navy can hit Japan, and only the navy can force Japan to surrender." Chen Shaokuan was dressed in coarse cloth clothes, except for the habitual military posture, the rest were no different from the people. "Although the Japanese Navy has more than 1 million tons of ships, it only has 900,000 tons of combat ships, and now that science and technology are developing with each passing day, the Navy will rebuild a new fleet, and 100,000 tons can reach 1 million tons for the Japanese."

Speaking of the Navy, Chen Shaokuan was full of interest, but unfortunately he was not in New York and could not personally see the launch of the Tongji training aircraft carrier. Thinking of the Tongji, he thought of Chen Jiliang again, but he didn't expect him to leave like this.

He Yingqin saw the eagerness in Chen Shaokuan's eyes. He said: "Brother Houfu, the idea of the navy is good, but it is difficult to sustain it in China. Foreign exchange is about to run out, and military and government spending can only survive by printing money, and if Britain and the United States do not help, the consequences will be unpredictable. ”

"What does Chief He mean?" Chen Shaokuan looked at him, thinking of something but not saying it directly.

"I didn't mean it." He Yingqin smiled and helped his glasses. "It's good to defeat the Japanese Navy, but I hope that the Navy will also take into account the overall situation at home. The purpose of the War of Resistance Against Japanese Aggression was not to destroy the country and destroy the species, and it was not necessary to fight Japan and defeat Japan completely. Of course, as a soldier, you are not a good soldier if you don't think like this. ”

He Yingqin's words hid the head and tail, so that Chen Shaokuan couldn't guess his thoughts. He continued: "Ji Liang, the pillar of the country, is really a little early. In order to bring back his body, the president will send Chairman Lin to the United States. ”

"Chairman Lin?" Chen Shaokuan was taken aback.

"Yes." He Yingqin nodded, "The president also hopes to have a good talk with New York, and hopes that the navy can uphold the national righteousness and unite with the national government, re-obey the arrangements of the Supreme Command, and contribute its own strength to the War of Resistance." (To be continued.) )