On the afternoon of September 2, the Chancellor of the Exchequer sent a telegram to Nathan Rothschild, informing him of the current implementation of the London silver depreciation plan and asking what the next plan would be. Pen % fun % Pavilion www.biquge.info

That night, Nathan convened a meeting of committee members overnight to discuss the matter.

All the participants were in high spirits and had a sense of victory in sight.

After discussion, everyone agreed that the suppression of silver is too strong, at a glance it is manipulation, and there is no final decisive battle with the Xia Empire, in the next 10 days, slowly suppress the trading price of silver, 10 days after the most suitable to reach the trading price of silver about 1:76, and slowly buy excess silver in the market If the Xia Empire sells silver and buys gold because of the shortage of gold in the treasury after 10 days, the price of silver will plummet further, That's when the best opportunity to eat silver in large quantities.

The Chancellor of the Exchequer was very satisfied with Nathan's reply, as long as the silver was allowed to depreciate slowly and continuously, more silver owners would be afraid to sell, and it would be possible to buy more silver from the market.

And Zhang Wei and others were not idle, but paid attention to the changes in the price of silver in the London market at any time, and discussed the details of the next move.

There was a big disagreement with several other members of the Monetary Committee about Zhang Wei's desire to fix the exchange ratio of gold and silver at 110 after the war.

Zhang Wei's opinion is that the higher the price of silver, the greater the blow to European and American countries, and it will not lead to the outflow of silver. Zhang Wei even thought in his heart, if the European and American countries were suppressed too much this time, would it lead to the early arrival of World War I?

The opinion of the Monetary Committee was that the lower the price of silver, the more beneficial it would be to Zhang Wei and the Xia Empire, and that the exchange ratio of 110 would not be of any benefit to Zhang Wei, and that he should not harm his own interests because of the strength of the blow to the enemy.

In the end, it was the opinion of the governor Gao Jinyuan that won the unanimous approval of everyone, that is, to fix the price of gold and silver between 137138, that is, the paper money of the Xia Empire, which is worth 1 tael of silver, which is convenient for small exchanges among the people, and there is no need to compensate the citizens of the empire who have exchanged paper money, so that those who do not obey the orders of the empire and do not exchange paper money will have a small loss, and it will also be convenient to establish the good reputation of the empire Even if it leads to the outflow of silver in this exchange ratio, it will at least have more than 1 time the profit, which is already very cost-effective and will not raise the price of silver to 137 at one time, but at this price, it is necessary to continue to buy silver from the market.

Zhang Wei also felt that there was no need to force European and American countries to a dead end now, so he temporarily agreed to everyone's suggestion and made it clear that he would wait for the final results of the final battle to decide on the final exchange ratio.

At the same time, Zhang Wei also adopted Gao Jinyuan's suggestion, and asked Sun Zhengquan to start buying silver slowly, and used the silver he bought as collateral to make short-term loans to banks in London in Europe and the United States, and then continue to buy silver with the loan, and then continue to buy silver after the mortgage.

On September 3, according to Nathan's request, he began to exchange paper money for gold from the treasury of the Xia Empire, and adopted the same strategy as when exchanging paper money, exchanging more than 50 million yuan of gold per day at the beginning stage, hoping to exchange the gold in the treasury of the Xia Empire before the Xia Empire took measures.

Just by putting silver into the system, exchanging it for points, and then buying gold from the system, Zhang Wei can have 3 times the profit, how can Zhang Wei worry about the outflow of gold? Therefore, the business department of the Central Bank of the Reich did not refuse to come, and no matter how many banknotes came, all of them were exchanged for gold.

On the 13th, in a period of 10 days, Nathan exchanged more than 500 tons of gold from the Xia Empire, but the Xia Empire did not react, so Nathan ordered to increase the amount of daily exchange, and at least 100 million yuan of gold should be exchanged every day in the future.

And the business department of the Central Bank of the Xia Empire still paid Nathan's gold in full.

By September 18, Nathan had exchanged 1,000 tons of gold, and the price of silver in the London market had stabilized between 179,180 for many days, making all European and American governments excited.

At this price, all countries that do not know the truth have panicked, whether it is the country, or the trading houses that store a large amount of silver, they have begun to look for ways to exchange gold, which invisibly promoted James's exchange business, he in Singapore and several branches of Asian banks in the Qing Dynasty, immediately became the object of pursuit by merchants, and James is not greedy, according to Zhang Wei's instructions, the daily trading price is increased by 2 ratio points with reference to the trading price of London last day. This created a large profit margin for other merchants, and the countries and merchants of the Pacific Rim and the Indian Ocean region all came in with large quantities of silver. James didn't have so much gold in hand, and no matter how much gold Zhang Wei had in his hand, it couldn't be delivered to James in time, so James asked all the big families to go to Pontianak for exchange, so that it was convenient for Zhang Wei to provide him with gold.

The amount of silver in the Qing Dynasty was too large, and the merchants and big customers were afraid that the price would continue to fall, so they asked to give the silver to James at the price at that time, and James just gave them a white note, and then delivered the gold at this price. This also made the paper money of the Xia Empire smoothly enter the domestic circulation of the Qing Dynasty.

At this time, the Central Bank of the Xia Empire had adjusted the ratio of silver to paper money to 177, which made the people who had exchanged paper money cheer, glad to obey the order of the empire and exchanged paper money within the specified time, while those who did not exchange it were bitter and lost so much silver in vain, and because they were afraid that the price of silver would continue to fall, they all accelerated the speed of exchanging paper money.

With 1,000 tons of gold in his hands, Nathan's heart was much calmer, so he ordered to increase the number of exchanges from the 19th, exchanging at least 200 million yuan of gold every day. And the business department of the Central Bank of the Xia Empire still exchanged the same amount.

By September 25th, Nathan already had 2,400 tons of gold in his hands, and 2 billion yuan of Xia Empire banknotes in London, but the amount of silver in the hands of the British Chancellor of the Exchequer was decreasing, and the pressure to maintain the price of silver at 180 was increasing and the Xia Empire still did not react, which made Nathan's stable state of mind become anxious, and there was an uneasy factor lingering in his state of mind Is the pressure on the Xia Empire not big enough, so he ordered to increase the amount of gold exchanged from the Xia Empire's treasury to 300 million yuan per day. To be continued.

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