Yang Chao thought that rubber speculation could be avoided, and in history rubber speculation began in 1909, and in 1908 Yang Chao caused a British economic crisis, thinking that the British market was not capable of quarreling with this crisis. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

But he didn't know that the British had a crisis, but giants like the Rothschilds not only did not suffer, but took the opportunity to make a lot of money from the British government, and Morgan became an upstart, leading the American banking group to conquer the city and successfully transport thousands of tons of gold from Britain.

The two major vampire groups have sucked their stomachs in the crisis, and they naturally have the ability to stir up a new round of crisis, and they are even more capable.

But this time the target was in Shanghai, which made Yang Chao a little unacceptable.

Therefore, when there were signs of rubber hype in London in 1909, Yang Chao had already begun to prepare, and he did not make waves in London, because in 1909, Yang Chao was still busy preparing for war in China, and he really had no energy, so he mainly took defensive measures to prevent the crisis from spreading to China.

But these financial giants didn't care about Yang Chao's feelings, and under Yang Chao's strict defense, they warned Shanghai's financial industry not to participate in rubber speculation, and even publicly published a negative evaluation of the rubber industry, but all this was useless.

The market that should be fried is still stirred.

Because several fundamentals have not changed.

First, the development of the rubber industry has been unstoppable, and with the development of the American enterprise industry, the rubber industry continues to be hot. The value of U.S. rubber imports rose sharply to about $70 million in 1909 from $57 million in 1908. The value of British rubber imports increased from £840,000 in 1908 to £1,410,000 in 1909.

Second, the supply of natural rubber is limited and the technology of synthetic rubber has not yet been invented, so the law of supply and demand will inevitably lead to a rapid rise in rubber prices.

In the case of large-scale consumption increase, output cannot be increased in the short term, and the price increase is actually very reasonable, but the speculation is unreasonable, and it is taking advantage of people's economic expectations. Excessive hype has blown the market into a huge bubble.

However, Yang Chao's efforts were not unrewarded, at least he kept the rubber crisis out of the Chinese market for half a year, until the second half of 1910. Shanghai's rubber has only just begun to be fried, and the British have been frying it for a year.

China's financial industry, under the constraints of Yang Chao, has stubbornly insisted on not intervening in rubber stocks, but foreign banks have hyped it, even though Yang Chao is a director of HSBC. Nor can HSBC's support for rubber stocks be stopped.

And there are other banks to join, such as the British Macquarie Bank (Standard Chartered Bank), Deutsch-Hua Bank, etc., these foreign banks even allow customers to mortgage them with rubber stocks issued by rubber companies, so that a customer can continue to speculate, the stock price continues to rise, as long as the stock is rising, customers can continue to mortgage more funds, and put into the speculation again. There's nothing magical about it, it's just that bubbles are being fed up.

With the support of foreign banks, Shanghai Qianzhuang Industry could not help it, and they also made a lot of money from the business of accepting Qing court bonds, and it was when they had money that their entry immediately pushed up the stock price that was already high enough, and the bubble appeared, and Yang Chao could not stop it at this time.

Seeing that the general trend was unstoppable, Yang Chao immediately launched countermeasures, taking advantage of the stock trend. Yang Chao also established a rubber company, Zeppelin Rubber Company, which was named after the famous Zeppelin, and immediately became the object of market competition as soon as it was established.

And Yang Chao is not a leather bag company. The Zeppelin Rubber Company, however, has a business and intends to produce and supply rubber airbags for the Zeppelin, which is a very promising deal.

Therefore, the Zeppelin Rubber Company issued 100,000 shares to the market at a price of 10 taels per share, and it was swept away in an instant.

Later, in the frenzied growth of the stock market, Zeppelin rubber stocks were soon pulled up to thirty taels. Fifty taels, and finally one hundred taels.

Yang Chao took the opportunity to print 100,000 shares in three high positions, but he couldn't fill the market, but Yang Chao collected nearly 20 million taels of silver.

If you can gather the crazy funds in the market into your own hands, it will be a kind of protection, but Yang Chao's target is not the retail investors in the market, but the war against foreign banks.

They found a group of reliable old members of the Rich and Strong Party from Shandong, and asked them to enter Shanghai as small stockholders, holding the unissued stocks printed by Zeppelin in their hands, pretending to be bought from the market, and going to the major foreigners' banks to open accounts and mortgage them, and wantonly withdrawing funds from the major banks.

Yang Chao believes that as long as the funds of these banks are controlled, the speculation will be controlled from the source, and when these banks are ready to close the net, Yang Chao can also get the news as soon as possible.

The people sent by Yang Chao were like gamblers addicted to the stock market, stationed in various banks, bought stocks at the bank window every day when the market opened, and mortgaged them to the bank easily, rolling operation, so that Yang Chao withdrew 80 million taels of silver from the foreigner bank in a few months.

This is only the first step of Yang Chao's plan, and the second step is much more insidious.

At this time, due to the rubber trend, Shanghai gathered a large number of Liu adventurers, one by one set up leather bag companies, advertised in newspapers, issued stocks, arbitraged funds, constantly raised the stock price, ready to make a fortune and leave.

One of the most famous is the Lange Zhi company, this can not be changed, because although this company is a leather bag company, but they have been lurking in Shanghai for a long time, in 1903 the British businessman Mai Bian Yang Company in Shanghai to operate rubber plantations, oil and coal, and logging timber and other business Lange Zhi (rubber production place name) expansion company, but this company has not carried out any industrial activities in addition to issuing shares for seven or eight years, that is, small-scale stock issuance, and then use new stock funds to distribute dividends to old customers. A typical Ponzi scheme lasted for seven years.

A year ago, the price of Langezhi shares in the market was 78 taels per share, and in the second half of 1910 it rose to 120 taels, and in September it reached 150 taels.

Other leather bag companies, because they dare to operate, and continue to spread false news in the newspaper, today with the issuance of stock funds to buy a good land, tomorrow is to directly buy a rubber plantation, the day after tomorrow is planted hundreds of thousands of seedlings, in the continuous good news stimulated, the stock price of the bag company soared, red-eyed retail small shareholders neither screened, in fact, there is no ability to screen, blindly crazy buying.

The stock price of the company rose from 25 taels at the beginning to 50 taels a month later. The company's stock rose from 17.5 taels to 36 taels.

The sharp rise in the price of rubber stocks in the market has induced more people to think that there are huge profits to be made by buying rubber stocks, and they have joined in regardless of the legitimate industry and promoted each other, making the Shanghai rubber stock market even more heated up.

Yang Chao also contributed to the trouble, so that the foreign banks were never aware of the movement, after all, they were able to grasp the trends of Shanghai's financial industry, if Xie Guanhui found someone to operate secretly, they could find out, but they absolutely could not find the people sent by Yang Chao from other places, Yang Chao made these people disguise themselves as the children of rich people from other places attracted by the stock boom, and the foreign banks were not able to screen these people.

This stock boom is obviously a massacre of retail investors by market makers, and foreigner banks rely on their own information advantages to have an absolute advantage over retail investors, but Yang Chao has more information advantages than foreigner banks.

When the time came to December, when the rubber stock market had reached its peak, Yang Chao had completely figured out the details of the more than 200 rubber companies that issued shares in Shanghai, and specially sent people to Nanyang to investigate a circle, and found that no more than 10 of them were really engaged in the rubber industry.

The Chinese capitalists who really run rubber plantations in Nanyang are actually not short of money at all, and even if they are short of money, when the rubber market is so good, there are a lot of banks rushing to give them loans, not to mention that many of these Nanyang capitalists themselves are opening banks.

Therefore, the rubber companies in Shanghai can almost all be said to be scammers, and they collude with foreign banks to speculate on stock prices and then seek huge profits.

This really hurts Yang Chao's feelings too much, you hurt me, and I want to laugh it off, Yang Chao is not so good-tempered, he will not stop if he doesn't stab these people.

And these people play this kind of thing, don't blame Yang Chao for playing the next three ways.

Zeppelin, as the most famous company, is even crazier than Langezhi, the par value of 10 taels has reached 300 taels under the speculation of Yangzi Bank, and new shares are printed on a large scale, half of which are mortgaged by foreign banks, and half are sold to Chinese banks.

When Yang Chao found that he had gathered 300 million taels of funds, the first foreign bank began to not accept stock collateral, Yang Chao knew that foreign banks began to close the net, and they must have quietly put those stocks out at a high price in the market, and then frantically suppressed these stocks, so that the stock market collapsed, and then they could close their positions at a very low price.

Yang Chao doesn't plan to play the last gold forced position war, he is playing more scoundrels and bloodier this time, he plans to play the restart mode, he wants to make the Shanghai story collapse overnight, not give foreign banks any chance to untie the set, let their stocks smash in their hands, and don't give foreigners a chance to close the net, because Yang Chao is going to close the net.

In the first step, among the craziest sellers in the windows of the major banks, the craziest group suddenly disappeared overnight, and they received Yang Chao's order, and all of them returned to Shandong, among these people, there were people from all provinces, but without exception, all of them had stayed in school, and the number of old party members who had joined the Fuqiang Party for more than three years was as many as 1,000, and the amount they borrowed from the foreigner bank finally reached 200 million taels. (To be continued.) )