The German currency continued to depreciate but never collapsed because of the injection of British and American capital in every emergency. Pen % fun % Pavilion www.biquge.info

In October '22, the value of the currency reached 4,500 to 1 US dollar, and the United Kingdom and the United States lent a loan to the Bundesbank, which even suppressed inflation in the short term, and in November it rose to 3500 to 1 US dollar.

Then the French marched into the Ruhr and collapsed directly.

Did the French really enter the Ruhr just for reparations?

The French themselves explained: "The purpose of this action was to supervise the factories and mines of this region, to force Germany to pay reparations, and if necessary, to deduct from the industrial sector of the Ruhr the reparations payable by Germany; Pressure on the German economy to force Germany to implement a policy that was in the interests of the Entente. ”

But a few months later, when Adolf dictated his struggle in prison, he said: "France is planning to do a great deal of repression against Germany, and it is famous in its divisions. He wanted to occupy the Ruhr and destroy the last foundations of Germany, leaving us in economic distress and in debt......"

That's right, the purpose of the French is to make Germany unable to recover, that is, to put Germany in collapse, and if they really want Germany to pay reparations, it would be good to let Germany export goods.

Without Britain and the United States, it would not be surprising that France would have directly seized the adjacent Ruhr.

And Germany has never stabilized, which France is very willing to see, even if they can't get reparations because of this, but this is not what Britain and the United States want to see, the British need Germany to restore a certain strength, to the extent that it can fight against France, but not yet able to fight Britain, the United States needs Germany to restore its strength, and while balancing Britain and France, it will also be economically tied to the United States.

The British and the Americans, no matter which country supports Germany, Germany will not be able to stabilize the economy from the post-war period to the present, but the problem is that both countries want to support Germany, but the methods of support are different, so the problem comes.

It's as if Kang Youwei and Zhang Zhidong both want to reform the country, but they just can't pee in the same pot, is their difference really that big? The real reason is the question of who will reform, that is, in whose hands the power holds.

Supporting Germany is necessary, but the question is who will support and who will lead, which means that Germany will be tied to whose system in the future.

Britain believed that in order to make the Deutsche Mark stable, it was necessary to bind the Deutsche Mark to the pound sterling, implement a gold exchange system, and the Mark would no longer be linked to gold; The United States, on the other hand, insisted that the mark should be pegged to gold, which would be pegged to the dollar, because the dollar is also freely pegged to gold, and they have more gold in reserves than any other country in the world, including emerging China.

On the one hand, France, which hates Germany and does not die, and on the other hand, Britain and the United States, which want to pull Germany but have different opinions, how can Germany be stable?

Therefore, Yang Chao's answer to Schacht's huge loan was: "On the issue of borrowing, we know that the British are also talking to you about borrowing, so we must communicate with the British on this issue." Limited to the treaty we have just signed, China's actions in Europe must first obtain the understanding of Britain. I believe that Britain would also like to see our country lend money to you. ”

Yang Chao said very firmly, but he knew very well in his heart that it was impossible for the British to agree.

Britain cannot accept the United States' control of the German economy, and it is also impossible to accept China's control of the German economy, and the Deutsche Mark cannot be pegged to the US dollar, and of course it cannot be pegged to gold dollar bills, so Yang Chao's communication with Britain is doomed to be fruitless.

Sure enough, the loan proposal made by the Chinese government to Britain was rejected by the British government, which believed that the German question was in Britain's vital interests and did not agree to China's huge loan to Germany alone.

Yang Chao smiled, he came to sing a high note, he really didn't have this interest in saving the Germans, he didn't let the Germans suffer enough, how could they unite around their head of state and challenge the world order again, if they didn't challenge the world order, how could China replace Britain with opportunities?

The more China shows respect for Britain on the German issue, the more Britain will be dissatisfied with the United States, which is fighting fiercely with them, and the more it will resist the infiltration of the United States into Europe.

Through the German issue, they can also provoke a conflict between Britain and the United States, which is simply killing three birds with one stone, singing high-profile songs to deceive the international image in vain, and then passing the responsibility on Britain, and can also make the British feel that China respects them very much, and finally they can trick the Americans.

Germany's current problems have reached the point where they can't be solved if they are not solved, Britain is actually very active, not caring about the life and death of the Germans, but the French army occupies the Ruhr, which makes it difficult for them to sleep, if the Ruhr is annexed, France's economic strength will far exceed that of Britain, it is another pre-war Germany, which can compete with Britain in an all-round way, and it is more terrible than pre-war Germany, which at least has the constraints of France and Russia, and now France cannot find a country that can compete with them on the European road.

So Britain soon began to attack, not military, but economic, Britain through diplomatic protests, while selling the franc in the international market, after last year's ****** conference, France has been trying to maintain the value of the franc, hoping that the franc will become a stable international currency.

As a result, now the British are selling the franc in the market, as a result the price of the franc fell to 50 to 1 dollars, and the French government is desperately trying to maintain the franc at 25 to 1 dollars, but their efforts are in vain, the franc is not devalued, the depreciation is not terrible, the terrible thing is instability, suddenly 50 to 1, suddenly 40 to 1, there is no law at all, so that no country dares to hold the franc.

The British actually killed three birds with one stone, firstly by attacking the franc to show goodwill to Germany, so that the Germans could see their friendship, second, by attacking the franc, so that the franc could never recover its strong position, so that European countries could only use the pound sterling as a foreign exchange reserve, and third, by attacking the franc, persecuting the French, and finally achieving the goal of the British.

"Borrowing?"

Yang Chao naturally knew that Britain had been attacking the franc, and it started a few months ago, and even the Americans were helping them, and they didn't want to attack the British attacking the franc and had to ask Yang Chao to borrow money.

"Borrow money to help you continue attacking the Franc?"

Yang Chao asked.

The British shook their heads and said, "Our country borrowed money to provide relief to Germany." ”

In the end, why the Dawes Plan was finally introduced by the United States, not Britain, is actually a matter of strength, Britain really does not have the strength to help Germany, and in the case of the collapse of such a huge economy as Germany, it can only be the United States in the end.

However, in this era, Britain held the 5,000 tons of gold lent by Yang Chao, and its strength was much stronger than in history, and the competition with the Americans was much fiercer, so the British still wanted to lead the plan to rescue Germany.

"Don't borrow! I cannot allow your country to attack the franc all the time, and the instability of the franc is also a great loss to our foreign trade, and it is easy to arouse the displeasure of France. We will adhere to the principle of non-intervention in European affairs, and seek your country's understanding on the German question, but at the same time we will not help your country to attack France. ”

Yang Chao insisted that the British borrowed money to clean up France.

"Our country can guarantee that—"

"I don't believe in your country."

Yang Chao directly interrupted the other party's defense.

"I'm sorry, I was invited to a ballet performance."

Speaking of this, Yang Chao stretched out his hand and shook hands with Norman from the Bank of England.

The British had no choice but to go.

Yang Chaocai didn't want to wade into the troubled waters of Germany.

Help the British take control of Germany?

Fools would do this, help Britain stabilize hegemony, what if they won't let it out after World War II?

As for the intervention of the United States, which took control of the German economy, so what?

On American terms, it is limited to economic control, and Adolf's kind will accept economic control? He will use the iron fist of politics to smash economic control, just like Zhu Yuanzhang cleaned up Shen Wansan, and the drama of capitalists controlling the government will only happen in countries like the United States.

"The Americans controlled Germany, propped up the Nazis, well, good."

Yang Chao thought, very satisfied, the United States has raised the Nazis, China will not wade into this troubled water, and when the Nazis show their evil faces in the future, China can still stand on the moral high ground to condemn the United States, you must know that even in World War II, when the United States entered the war, the United States still had a large number of capitalists quietly provide materials to Germany, through South America and Sweden and other countries, a large number of materials were injected into the Nazi military system, but it is a pity that the United States was the hegemon later, and no one dared to judge the American capitalists. An American capitalist like Ford, who was awarded the Iron Cross by Adolf, would instead become an idol of the world.

Now it's different, in the future, after defeating the Nazis and China's army entering Europe, Yang Chao will definitely settle the account with the American capitalists, at least Ford doesn't want to mix it up without peeling off a layer of skin, and Ford, the future opponent of Chinese automobiles, Yang Chao wants to dismember it directly.

Moreover, supporting the Americans to control Germany will make the British people's fear of the United States rise to the extreme, and they will only deepen their ties with China in the future, and when the British find out that they are tied to China, when they give up world hegemony in the future, who else can they hand over to China?

"Maybe we should support the Americans. But the Americans don't pay a high price, and it's not so cheap. ”

Yang Chao thought, quietly went out, and drove the car to the German court theater in the small town of Weimar in the depression.

The Hottheater is one of Germany's oldest theaters, built in 1779 and with statues of Schiller and Goethe at the door.

"Mr. Yang, it is really a great honor to see you here in Germany."

Entering the theater, someone brought Yang Chao into a private room, and the mysterious guest in the box greeted Yang Chao.

"Mr. Morgan is so gracious, and I am honored to see you."

The person who invited Yang Chao was none other than the American tycoon Morgan, and it was self-evident what purpose he had, because Yang Chao also saw a person in his private room, the white wizard Shacht. (To be continued.) )