Everyone looked at Zhang Jiaao, not only did he not back down, but continued:

"The funds for the double line of the railway, the railway company can issue bonds, there is a profit guarantee of the railway company, and the profit prospects of these lines are very good, it should not be a problem. Pen, fun, pavilion www. biquge。 infoBut where will the money come from for grid construction and electrification? Where will the money come from for the expansion of the Navy? ”

Even Li Fuan felt that he should not oppose the construction of the navy, because China has suffered too much from the navy, especially the losses of the British, and now there is a chance to catch up with the British, even if it is a little bitter and tighten its belt, it must catch up.

But Zhang Jiaao has his own principles.

Yang Chao knew that this was a person who adhered to principles, and nodded: "I'll talk about money later." Now let's talk about another important topic, urban renewal and expansion projects. Mayor Xie, please tell me your opinion first. ”

Because of the communication with Xie Guanhui in advance, Xie Guanhui has come up with a complete set of things, he is prepared, and at the same time to support Yang Chao, he initiated first, and then other cities follow up an urban transformation project, which is enough to support the rapid development of China's economy for seven or eight years, and the most important thing is that it will create a huge market and start economic expansion soon, without waiting for the slow recovery of the economy itself.

"We plan to connect the four counties of Shanghai, Huating, Baoshan and Louxian for unified planning. Due to economic development, these four counties are currently geographically connected, but they are built separately, which is very chaotic. We need to carry out a demolition and expansion, plan three new cities, and intend to invest a billion taels. When completed, these four counties will be connected into a metropolis with a population of 10 million. ”

Xie Guanhui said, Zhang Jiaao's brows furrowed deeper, Shanghai has the ability to get so much money, but this will cause huge economic pressure, there is no hard currency reserves, only by issuing bonds on credit financing, it will cause a sudden increase in circulation, his central bank's responsibility is to maintain prices, curb inflation, which is contrary to his duties.

"In fact, not only Shanghai, but now there are all kinds of blind construction in many areas, the city is disorganized, the streets are different in width and narrow, and the road surface is full of potholes, which seriously affects the development of the city's economy. It's not one city, it's every city, and it's a debt owed by blind development before, and now we have to make up for the lesson of urban planning. ”

Yang Chao said through Xie Guanhui's words.

Zhang Jiaao instantly understood why so many bank managers came, Wuhan, Chongqing, Guangzhou from south to north and east to west, it turned out that Yang Chao was planning to rebuild the city nationwide, compared with this, the electrification of the railway and the addition of a few warships can only be regarded as pediatrics.

Zhang Jiaao couldn't help but feel that his heart was pinched hard, in this case, not to mention inflation, it is not impossible for the entire monetary system to collapse directly, look at the current Deutsche Mark, they issued too many paper money during the war, and as soon as the war ended, the mark depreciated from 1 dollar to 4 marks to 1 to 39, a tenfold depreciation.

If this is also the case with the Chinese currency, then he can resign directly, and there is no need for the governor to go down, it is simply a shame to be in office.

"I dare to ask Lord Yang, have you made a budget?"

Zhang Jiaao asked tenaciously.

Yang Chao nodded: "Of course." Railway electrification and power grid and the corresponding power plant construction will cost about 1 billion, the construction of railway double-track and other projects will cost less than 200 million, the construction of Shanghai will also cost 1 billion, the reconstruction and expansion projects of major cities across the country will need about 10 billion taels, and the budget for adding 1 million tons of warships will be 300 million, and the total will not exceed 12.5 billion. ”

"12.5 billion? Three years! The average annual increase is more than 4 billion taels. How much currency will this inject into the market? Now in the midst of the economic crisis, our silver reserves have fallen by more than half, to less than 100,000 tons, and less than 4,000 tons of gold. The government is also negotiating with Britain and France that it may lend a total of 10 billion gold dollars to Britain and France. With such a huge amount of credit, our banking system simply can't afford it! ”

Zhang Jiaao said bitterly, what he is most afraid of is the indiscriminate intervention of laymen, Yuan Shikai was like this back then, and now Yang Chao is like this, Yuan Shikai is just that, that is a shameless politician, but Yang Chao has been a bank, and now China's largest bank Yangzi Bank is his industry, how can he be so reckless, of course, there is no evidence that Yang Chao understands the way of bank management, he has always relied on others to operate, but it is too undesirable to be so reckless.

"Of course I do. However, if there is enough output to cope with the increase in money, it does not necessarily cause inflation. And now our economy needs markets, and we have to provide enough markets to get the economy on track. ”

The theory that Yang Chao said is Keynes's theory, but Keynes has not yet put it forward, and Keynes is still a firm believer in free economy, so this remark is perverse in the current economic circles.

"My lord, the market will adjust itself, although the current economic crisis has not passed, but the unemployment rate has begun to improve, and prices have remained stable, if you rashly invest a lot of money into it, I don't know if it will improve, but I will definitely cause inflation."

"So President Zhang will definitely not agree?"

Without the involvement of the central bank, tens of billions of dollars of financing would not have been possible, because a considerable part of these bonds would have to be bought by the central bank by printing banknotes, and then slowly put them into the market to recover the banknotes. It is impossible for any bank alone, even Yangzi Bank, to come up with so much cash at once. Shanghai's banking circles are about the same, but it would be a madman to let the Shanghai banking circles take time out of the market to buy bonds.

Therefore, without Zhang Jiaao's participation, this plan could not be implemented.

Yang Chao smiled: "You mean that the hard currency reserve is insufficient, right, I don't know how much hard currency is enough?" ”

Zhang Jiaao knows that Yang Chao has money, and there may be some gold and silver reserves, but it is absolutely impossible to have too much, tens of billions of taels of banknotes, which correspond to 400,000 tons of silver, and fools know that Yang Chao's small treasury cannot have so much money, because there is not so much cash in the world.

If converted into gold, with the current high silver price of 1 to 25, the amount of gold needed is more than 10,000 tons, of course, the issuance of currency can have a certain leverage, but now is the economic crisis, this leverage must be used carefully, so four or five thousand tons of gold is essential.

Zhang Jiaao knew that Yang Chao could not have so many reserves, so he could only smile bitterly: "Unless there is a gold mountain, it is enough!" ”

Yang Chao smiled: "Jinshan?" I actually have one here! ”

Zhang Jiaao wanted to laugh, but he couldn't laugh, because Yang Chao said it so seriously that he couldn't laugh.

I saw Yang Chao raise his hand and say to Li Sidi: "Take everyone to the vault to have a look!" ”

Li Sidi was quite puzzled, he knew what was in the vault, except for some bonds, some banknotes, 10 million taels of silver reserves, and 1 million taels of gold reserves, there was nothing else, what did Yang Chao want these people to see?

But he still nodded, he is a rich second generation, but he has no ambition or ambition, Wang Qiu, who was flickering by Yang Chao back then, was full of passion all day long, he was always not very interested, what does the great cause of the family and country have to do with him.

However, Li Sidi has an advantage, that is, he is obedient, or he doesn't like to argue with others, and he will do whatever Yang Chao asks him to do.

So he got up immediately, and soon went to find two other people, one was the treasurer, the other was the captain of the guard, to enter the vault, to open three doors, three keys were needed, and Li Sidi was the last one.

The crowd walked through the office hall and into the gloomy corridor of the bank's basement, where there were no offices, only a few aisles, and the aisles were constantly patrolled by heavily armed guards.

In front of a heavy pure steel gate, two heavily loaded guards, exuding a murderous aura, looked like they had fought a war, but now they were only guarding in front of a heavy steel gate, they saw the captain of the guard saluted, the captain waved his hand to let them get out of the way, and then immediately unlocked the lock.

The first lock was not complicated, but it was a large, one-foot-long lock with a chain as thick as an arm.

One guard holds the lock, and the other guards hold the chain, which is very difficult.

The captain of the guard pushed open the iron door with great difficulty, and then got out of the way with a smile on his face, letting Yang Chao and the others enter.

"Who's that guy?"

"Something familiar."

The two guards didn't recognize Yang Chaolai, but they knew that the person who could enter the vault was by no means simple and could not be offended.

"Blind your dog's eyes, that's President Yang!"

The two of them had already fallen to the ground with the things in their hands, and they choked on their feet.

They said it was familiar, but they didn't recognize it in front of them.

Walk through the door, a hallway, and after a few steps reveal a staircase that leads to the basement.

The staircase zigzagged down about a floor, and another door blocked the way.

This is a secret door, three rows of keyholes, and it took three keys in a row to open the pipe storehouse.

When everyone entered the door, they found a regular passageway, with lights on both sides, but the narrow space made people feel oppressive.

At the end of the passage was the last door, which turned out to be a safety door.

Li Sidi took matters into his own hands, dialed the code dial, and made a crisp sound, and only after a while did he make a clicking sound, Li Sidi turned a handle like a car steering wheel, and then pushed the door open.

The crowd walked in and felt a cool breeze, there was a ventilation device, but they didn't know where it was.

No one paid attention, because they saw the vault in front of them, and instead of the imaginary piles of gold and silver, there were rows of wooden cabinets neatly stacked with bundles of bills and bonds.

"This is the money bank, a total of 100 rows of cash cabinets, each cabinet holds 10 million taels of banknotes."

Only Yangzi Bank has so much cash, and it is impossible to store 1 billion taels in any bank, even if it is paper money.

"The left hand is the treasury, and the right hand is the treasury."

The vault in front of them was square, with a door at each end on the left and right, leading to the other two storehouses, and if these people knew a little about architecture, they should know that the other two storehouses were on both sides of the passage they had just done.

After speaking, Li Sidi walked in front, everyone followed behind, no one spoke, the atmosphere was a little depressing, the door in the vault was still locked, and it was all controlled by the president, Li Sidi directly opened the safe door of the vault.

Everyone stepped into the round vault door, and everyone felt that their breathing was urgent, because in front of them, there were stacks of gold bricks stacked like bricks, except for Zhang Jiaao, no one here had ever seen so much gold, including those branch managers, Cai Bo was touching, they were not greedy, but they still felt a different atmosphere.

"Two hundred tons of gold bricks! There were also ten chests containing a million gold coins. There are also 10 million gold dollar coupons stored here. ”

Li Sidi said.

Then he stood still, Yang Chao only asked him to bring people to the vault, what to do in the vault, Yang Chao didn't say, he didn't ask.

Although the others have not seen so much gold, they also know that this money is not enough, but they can't say it, Yang Chao said to take them to see Jinshan, then this is Jinshan.

"President Zhang, is that all?"

Yang Chao asked.

Li Sidi nodded: "That's all." ”

Yang Chao smiled: "Nothing else?" ”

Li Sidi said: "There is nothing else. ”

Yang Chao shook his head and walked to the middle, on both sides were two piles of gold bricks, each with ten layers, two feet high, and a thick pine wood underneath to make the bottom.

Yang Chao picked up a gold brick casually, and started very heavy, this is a ten-kilogram gold brick, a coupon worth 10,000 gold yuan.

But Yang Chao then smashed it on the ground casually.

The crowd was puzzled.

But Yang Chao took out another gold brick and smashed it on the ground.

Piece by piece, the cement floor was smashed into potholes.

More than two dozen pieces have been thrown, and cracks have already appeared on the ground.

When the twenty-first gold brick hit the ground, suddenly the ground shattered and fell with a bang, revealing a hole.

"Sidi, it's all my own people here, so there's no need to hide it. Come down with me and see the gold mountain. (To be continued.) )