Section 609 The only gold standard

640th vote. Pen? Interesting? Pavilion wWw. biquge。 info

――――――――――――

After ending his repentance with the envoys of the two countries, Yang Chao was interviewed by reporters again.

A reporter asked him his views on the war, and Yang Chao immediately pointed out that this was a protracted war, and His Majesty the Tsar could accept it as long as it was fought, and His Majesty Tsar Olga would never compromise, and His Majesty would never lose, because the righteous people of the world were on the side of the Tsar.

The reporter also asked Yang Chao his views on the depreciation of China's currency and its departure from the gold standard.

Yang Chao said with a smile: "My personal attitude, China will definitely be a big country in charge, we will never give up the gold standard, and we will not let the currency depreciate wildly, thus affecting the international trade environment." Of course, this can only represent my personal opinion, and I have no ability to influence China's financial policy. ”

As soon as Yang Chao finished speaking, an American reporter said: "You have the ability to decide. ”

Yang Chao smiled: "You are joking. ”

Zhang Nian reminded in a low voice on the side: "My lord, you have this power. ”

At this time, Yang Chao realized that he was still carrying the identity of China's economic emergency minister, responsible for leading the country out of this economic crisis.

Yang Chao couldn't help but be embarrassed, he was used to expressing his attitude of not interfering in politics abroad, and forgot that he still had huge power now.

coughed for a moment, and then said formally: "Since I have this power, then we will not let China get out of the currency war with Western countries to compete for depreciation, we try to be responsible to the world and be a responsible big country." Not only will we not devalue our currency, but we will never fall back from the gold standard. ”

The reason why the reporter asked this question is because after the start of Roosevelt's New Deal, the United States announced in March that it would stop gold exports, in April it announced a ban on private storage of gold and gold securities, that US bills would stop converting into gold, that gold exports would be banned, and that public and private debts would be repaid in gold in June, and that the dollar would say goodbye to gold once and for all.

The last great powers to stick to the gold standard abandoned it. France, Switzerland, Italy, the Netherlands, Belgium and some other European countries have not yet given up the gold standard, because France has depreciated its currency early, so the economic situation is relatively better, and there has not yet been a serious crisis. However, the exchange rate of the franc of 240 to 1 pound sterling really did not support the international currency.

Even France can't support the world monetary system, let alone Switzerland, Italy and other countries, so only China's gold dollar bills can bear this responsibility.

However, after China abolished the silver standard. At the beginning, everyone heard the sound and quickly began to store silver, which caused a sharp appreciation of silver in the short term, but soon everyone found that silver suddenly became useless, except for some remote areas can also be partial to the old wealth, there is no role in the city, that is, there is a demand for jewelry stores, and unconsciously, everyone knows that the original Chinese wealth valuation unit. It has been replaced by paper money, everyone has adapted to paper money, silver was originally just a symbol of wealth, but now that this symbol has been removed, silver has quickly metamorphosed into the original role of precious metal - to make jewelry.

However, after the 'China Liang' was not pegged to silver, it began to be pegged to gold, 1 tael is equal to 2 gold yuan, which is equal to 2 grams of gold, and there is no change in other than that, almost no depreciation.

as the only gold standard currency. Europeans are still accustomed to using gold dollars, so gold dollar bills have become an international currency, and foreign trade settlements between European countries have switched to gold dollar bills, because gold dollar bills can still be freely exchanged in the financial markets of London, Paris, Basel and Amsterdam.

So in a short time. Europe's demand for gold dollar bills has greatly increased, and they have tried their best to obtain gold dollar bond loans from China to replenish their foreign exchange reserves, and with the large number of gold dollar bills entering Europe, in order to balance the exchange, China has to continue to ship gold to Europe. Last year alone, 1,000 tonnes of gold were transported.

There are also some capitalists in China who are worried about the depreciation of paper money, and continue to withdraw gold from banks, and the loss of domestic gold is even more terrible, with 3,000 tons of gold withdrawn last year.

Only half a year has passed this year, and the amount of gold shipped to Europe has reached 1,000 tons, while the gold withdrawn by China is still more than 2,000 tons and close to 3,000 tons.

In just one and a half years, the central bank presided over by Zhang Jiaao lost 8,000 tons of gold, so the domestic continuous rise of paper money depreciation and the sound of breaking away from the gold standard has aggravated the market panic, and the speed of withdrawing gold has been accelerating.

If even China can't hold on, the world's gold standard will really go into history, and the world trade system will be in chaos.

Therefore, journalists are very concerned about the issue of China's currency.

Yang Chao's statement made many people breathe a sigh of relief, and the market moved, and the central bank deposited gold for the first time.

Yang Chao felt that he should return to China.

He was stopped by reporters at the airport.

Yang Chao told reporters that he would stay at least until the end of China's 10th election.

The reporter was concerned about the war, Yang Chao said that the Tsar Knights had the ability to resist any enemy, and he didn't have to stay here, that attitude was extremely arrogant, and he didn't take the Soviet army in his eyes at all, and the subtext was that Yang Chao no longer regarded Starling as an opponent. If this move can provoke Stalin, make him make crazy moves, and launch a full-scale counteroffensive of the Soviet army, Yang Chao will be desperate.

After speaking, I stepped on the plane and flew straight to Shanghai.

It must be Shanghai, as China's economic center, if Yang Chao wants to introduce economic policies, he can get the first response here and can play a role as soon as possible.

He once again stressed that Chinese banknotes will never depreciate or deviate from the gold standard, and said that Yang Chao will inject more gold into the central bank if needed.

Yang Chao's speech made the world amazed, he has taken out gold many times, adding up to more than 30,000 tons, how can he still take out gold, how much gold does he have, if there is too much gold to imagine, how can it be a world currency?

This question was quickly asked by reporters, Yang Chao replied, gold reserves are a secret in all countries, but he is willing to publish his gold reserves, Yang Chao said that every year his gold mines can produce 2,000 tons of gold, there are nearly 10,000 tons of reserves, more than the world's reserves before the First World War, there is no need to worry about the gold standard will collapse.

Yang Chao's words quickly caused a reaction around the world, and the gold yuan coupon was even stronger. It has been more than 20% higher than the price stipulated by various countries, and holding gold dollar coupons has even become a profitable business.

In the Chinese market, the central bank has also begun to receive gold deposits on a continuous basis, in just three months. Gold reserves once again reached 20,000 tons, which was considered to ease the tight financial situation.

However, it can be expected that the loss of gold will be unstoppable, because the increasing demand for gold dollar bills in international trade will require more gold to balance the exchange rate. Because there is always a certain percentage of gold dollar coupons that will be exchanged for gold, then the more gold dollar coupons are circulated, the more gold will be demanded.

Although Yang Chao has more gold than the US imperialists, China's economic power is not comparable to that of the US imperialists, and the US imperialism can also stabilize trade through a large number of commodity exports and oil exports, and China's trade deficit is now getting bigger and bigger. If it continues, US imperialism can hold out for more than 20 years, but China will not be able to hold out for even 10 years.

But Yang Chao still has to insist, because there is no need to insist on 10 years, this year is 33 years, after 6 years, when the Nazis attack Poland, when the Europeans themselves bleed to start World War II, will create an unprecedented large market, at that time China can recover as much gold as it wants. I will spit it out after eating mine, and it will only take 6 years for the new account and the old account.

Six years was enough for the gold dollar to completely replace the British pound and the US dollar, and establish the status of the world's currency before the war. And it's the only world currency.

When the British announced their departure from the gold standard, world trade suffered a major blow and the Dutch central bank governors committed suicide. But then European countries did not fully choose the gold dollar, they also chose to hold a larger proportion of the dollar, because at that time President Hoover also insisted on the gold standard, and international bankers declared that the dollar would not leave the gold standard. That time. It is the gold dollar coupon and the US dollar that provide settlement support for international trade.

But now the dollar has once again abandoned the gold standard, European countries have no choice, and they don't want to toss, the depreciation of the dollar hits them too hard, and they no longer dare to accept other currencies, just gold dollar coupons, anyway, the Chinese have more gold to make you face.

This state of affairs lasted for 5 years, and everyone was relieved, when the amount of gold exchanged began to decrease, the proportion of paper money holdings began to increase, and after the Second World War bleed, the pound completely lost its voice, and the gold dollar bills became more determined, and the recovered United States could not shake it.

The so-called pay is reported, the international status is high, often because of the international obligations assumed, but to undertake international obligations, not that you want to bear the opportunity, nor do you want to bear the ability, Japan in the 21st century has undertaken a lot of international obligations, but the international status is like that, because when everyone needs others to bear the obligations, no one stands up to bear, and when all countries have the ability to bear, it is not of much significance for you to stand up and bear the obligations.

Crisis, crisis is also opportunity, this big crisis is Yang Chao's best opportunity.

How could he let it go.

Of course, because of the strong gold dollar, the price of goods exported to China by European countries fell sharply, and the machinery products of Sweden, Switzerland and Germany, and even high-end woolen textiles from Britain began to be exported to China on a large scale, resulting in a sharp rise in deficit and suppression of domestic industrial production.

The United States, with the support of the industrial bloc, has overcome the demands of the financial conglomerates to maintain the gold standard, and has greatly depreciated the currency, temporarily losing the status of an international currency.

And it is likely that you are willing to pay the price in exchange for status, others do not give you this opportunity, every rise in international status, accompanied by bloody storms, can not be bloodless to lay the status of the opportunity to lay the position, although only economic status, not political status, but also precious, because the economy is the foundation of everything, first lay the economic status and then talk about others.

But the difficulties of domestic industry will definitely prolong the time of the economic crisis, which Yang Chao does not want to see, so he needs a huge help, and this help is coming.

Americans, in Japan.

Therefore, in Shanghai, Yang Chao immediately flew to Japan to meet with the US secret envoy. (To be continued.) )