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"Appropriately reducing Germany's debt will help the German economy recover."

Yang Chao's attitude, as always, resembles the rhetoric of a pro-German element, consistent with the attitude of the Chinese government.

Just like the Americans, why not reduce the German reparations without having to pay a penny of their own money, such a cheap attitude of showing morality.

Walter shook his head and said: "Germany's reparations are a guarantee for Britain and France to repay their debts, and without Germany's reparations, Britain and France would not be able to pay their positions in full." ”

Yang Chao said with a smile: "The harm of defaulting on debts may be greater than losing a war." ”

"That's why we have to make sure that Germany can pay reparations, so we should let the German economy recover," Walter said. ”

Yang Chao smiled: "We have a consensus on this point. ”

Walter said: "I don't know if Mr. Yang is interested in taking out a loan to Germany with us." ”

"Loans?"

Yang Chao pondered for a moment, he realized that this was the good intentions of the Jews, and at the same time, it was also a kind of helplessness, and it was good for the Jews to form a friendship with a powerful figure like himself, but they met strong competitors and needed allies.

Their kindness is reflected in the fact that they are really willing to take Yang Chao to make a fortune together.

The Rothschilds' most traditional and lucrative business was not investment and lending, but underwriting bonds, which were war bonds and reparations bonds.

In the past, whenever there was a war, they would provide military loans to various governments, and after the war, they would provide reparations to the defeated countries.

So theoretically speaking, the First World War was an unprecedented war, and Rothschild's profits should be unprecedentedly rich.

In fact, they had already made enough money, and the British national debt rose from 650 million pounds in 1914 to 8 billion pounds in 1919, of which the vast majority of the 5 billion dollars (a little more than 1 billion pounds) that Morgan eventually raised for Britain in New York were raised by the Rothschilds in London, as well as financing from France, Italy, Belgium and other countries, and Rothschild's profits were no less than Morgan's.

Now Rothschild is going to cut the big cake of post-war reparations.

Pre-war war financing, post-war war reparations, this is the only way for financiers to make a fortune for centuries.

Now Rothschild wants to pull Yang Chao to get rich together, in addition to the meaning of getting married, there is also the taste of an alliance with Yang Chao, because of this method of making a fortune, the Americans are also clear, but in the past they could not intervene in the huge field of Roche, the Europeans are fighting around, and the Americans are in a hurry and can't get benefits, this time is different, the Europeans owe a lot of debt to the United States, and the United States has much more gold reserves than Europe, and they think they are qualified to stand at the table and enjoy this sumptuous meal.

This is why Americans are so concerned about the issue of German reparations after the war, first, because the bankers hope to make huge profits by financing German reparations, and second, because the US government is trying to use the war debt and reparations to influence European politics, and the two sides have common interests, so the United States is extremely active in European issues after the war.

However, this has affected the interests of the Rothschild family, and the attitude of the American giant crocodile is now not just sharing, it has a tendency to monopolize, and due to the large loss of British gold in the war, the main loss is gold in the field of commercial circulation, the Bank of England's two hundred tons of reserves have not moved, and the loss of commercial circulation gold will ultimately affect the financing ability of the Rothschild family.

So they hope to cooperate with Yang Chao, the first is that Yang Chao's gold in his hands is not less than the Americans, maybe even more, and the second is that Yang Chao is not as greedy as the Americans, and even does not care enough about the European reparations, so that the Rothschilds are more assured, the Americans come, may not leave, Yang Chao goes, maybe he will not stay for a long time.

As for showing favor to Yang Chao, it was only incidental.

It's a pity that Yang Chao shook his head: "The European debt problem is too complicated, and I don't plan to intervene." ”

Walter sighed, "That's a shame. ”

It is indeed a pity that without the huge amount of gold backed by Yang Chao, the Rothschilds will not be able to stop the encroachment of the Americans on the European bond market for the time being.

What Walter didn't know was that Yang Chao didn't think it was a good business to provide war reparations to Germany at all.

The First World War was an unprecedented war, and it should be a good business in theory, but because he was so unprecedented, he had broken the theory of the past, Yang Chao knew that the loan to Germany could not be recovered, and as soon as Adolf came to power, war broke out in Europe, who would ask for those debts?

Even if World War II was won, with the rise of Soviet Russia, Britain and the United States did not deprive Germany like World War I, so at this time, the loan is equivalent to throwing it into the water in vain, and in the end it may not even be able to recover the capital.

In fact, American bankers also saw this, so the Americans kept asking Britain and France to reduce their debts so that the Germans could recover the economy, because only when the German economy was stable could it be possible to repay the principal and interest of the American loans on time, so that the Americans dared to boldly finance Germany and make money.

If this internal cause is interpreted as the friendliness of the Americans towards Germany, it can only be said that some people do not see it thoroughly, and it also shows that the Americans are well disguised.

However, Yang Chao can't trust Germany's credit, and the Rothschild's credit is still very trustworthy, at least before Adolf was disabled, their credit was as strong as gold, and it would take ten years for Adolf to rise.

So Yang Chao smiled: "But I am interested in doing business with the Rothschild family, if you need short-term financing to help Germany underwrite bonds, I can provide 1 billion US dollars in gold, but you must pay off the principal and interest within ten years, and there is a small requirement." ”

When Walter heard this, this was a surprise, the Rothschilds also hoped to raise reparations financing for Germany, and the British government intended to support Germany and prevent France from becoming bigger on the European continent, just as the interests of American bankers and the US government were the same, and the interests of Roche and the British government were also consistent, cooperating with each other, and deliberately loosening the chains on Germany.

Although Lloyd George's campaign manifesto stated that "if the Liberal Party is able to come to power again, then Germany will pay us every penny we pay for the war." We want to squeeze out the last drop of Germany's wealth like a lemon. My concern is not whether our government will be able to carry out a tough policy towards Germany, but whether Germany will have enough wealth to compensate us for our losses. ”

But this was the Liberal Party's campaign strategy, to win over the British people, who were very hostile to Germany because of the war, to vote for them, and when Lloyd George was successfully elected to the Paris Peace Conference, when the French put forward territorial claims and reparations claims against Germany in France, Lloyd George quickly changed his attitude, accusing France of unreasonable demands on Germany that would cause Germany to defect to the Bushwicks.

Historically, when Germany had defaulted on its debts, the French army marched into the Ruhr area, and Germany immediately resisted the reparations to France, but gritted its teeth to pay the reparations to the British, because they saw that it was possible to use Britain's continental equilibrium policy to draw Britain to side with them against France.

Therefore, on the issue of reparations, the British deliberately let Germany go, and in response to the Americans' hypocritical appeal for countries to reduce Germany's reparations, the British said that as long as the Americans are willing to forgive Britain's debts, the British can also forgive the debts and reparations owed to her by other countries, and you must know that the debts owed by other countries to Britain are twice as much as those owed by Britain to the United States, and with the reparations, the British are willing to bear three times the loss.

It's a pity that the Americans just pay lip service to making them bear the cost, not even a dime.

The first is that it cannot balance the debt oppression of the United States, and in front of the debt card of the United States, the reparations are also a diplomatic card that can be played, and at the same time, once the government dares to announce the exemption of German reparations, it is estimated that it will fall.

Therefore, it is inconvenient for the British government to come forward and directly give Germany help, but Rothschild can, but Roche's current financing ability is indeed not as good as that of the Americans, unless the British government is willing to lend Roche reserve gold, but Britain's gold is also borrowed from China with great difficulty, and for this reason, it has also set up a large number of colonies on the prospecting rights, in order to maintain the stability of the pound, compared with the stability of the pound, the Rothschild family's business can only be put aside.

Now Yang Chao said that he is willing to lend gold to the Rothschild family, so that they can have the ability to finance Germany, which is simply a relief for the Rothschilds, not only allowing them to undertake more German bonds, but also giving them the ability to resist the increasingly powerful American financial groups during this time.

"And what about your conditions?"

Walter asked in a low voice, he knew that behind the richer the benefits, the greater the price to pay, Yang Chao just mentioned a small request, Walter didn't dare to be careless, he didn't believe that it was just a small request.

"I want to take control of HSBC."

Yang Chao said.

HSBC, Sassoon is the major shareholder, although Yang Chao in the gold crisis, cut off a hundred percent of the shares from the Sassoon family, but the Sassoon family still firmly controls the bank, always adhere to independent operation, although in recent years very honest, did not argue with Yang Chao, honest management to make a fortune, did not engage in wind and rain, but do not take this bank in his own hands, Yang Chao can never rest assured.

The other is HSBC's banking network all over the world, not to mention Shanghai, Hong Kong, India, the United Kingdom, HSBC has a complete network in the United States, as early as 1865 when HSBC was just founded, it has opened an agency in San Francisco, ten years later in 1875 began to provide full services, fifteen years later, in 1880, HSBC opened its first branch in New York City.

Due to diplomatic relations with the Americans, direct economic exchanges between the two countries have almost been cut off, but Yang Chao can still operate in the United States through the HSBC network, so this bank is particularly important. (To be continued.) )