Yang Chao didn't expect that he would trigger a round of economic crisis. Pen % fun % Pavilion www.biquge.info

But this crisis was obviously exploited by Morgan, the 1907 American trust crisis, some people suspected that Morgan was a ghost, the purpose is to crack down on the trust industry that is developing too fast, this economic crisis is undoubtedly caused by Morgan's push, otherwise Yang Chao's power would not have pushed Britain into the economic crisis.

The British economic crisis soon affected Japan, which owed a large amount of debt to the United Kingdom.

Britain itself issued bonds to bail out the market, and there was no reason to keep a large number of Japanese bonds, so the price of Japanese bonds owed during the Russo-Japanese War plummeted.

Yen bonds plummeted, the Japanese financing costs increased sharply, before they relied on borrowing old debts to repay new debts, now virtually pushing up their financing costs, affected by this, Japan has not come out of the economic crisis, the second round of economic crisis broke out, the same large number of textile enterprises bankrupt, the Japanese government emergency bailout.

But at this time, Yang Chao was not in the mood to pay too much attention to the British economic crisis, because he was also busy bailing out the market.

"This is the second time we've fallen in the same pit, you idiots!"

No wonder Yang Chao was annoyed, he obviously asked Xie Guanhui to inform which money banks, but at that time, only one-third of the money banks chose to believe and sold the gold to HSBC, so they made a small profit, but two-thirds were waiting, because they believed that HSBC would win, so they followed HSBC to speculate on gold.

When Yang Chao's gold was delivered to the HSBC building by airship, a third of the money bank chose to believe it and sold the gold to HSBC, and at that time, HSBC did not dare to let the market collapse and could only continue to absorb it.

But there is still the last third, under the persuasion of HSBC, they chose to hold on, and these people are trapped.

When HSBC completed the settlement with Yang Chao, there was no need to maintain an inflated gold price, and the gold price suddenly changed from 100 taels to 80 taels. Then it was 60 taels, 40 taels, and in just five days, it fell back to 40 taels. At this time, those money banks were trapped.

There were 100 money banks in Shanghai, and more than 30 were dragged down in this way, and the amount of losses exceeded 20 million taels.

"Help. But the last time I followed HSBC to our Yangzi Bank to run on Yu Qiaqing's bank, don't save it. They went to HSBC once and went to HSBC for the second time, and this kind of idiot is not worth saving. ”

Yu Qiaqing's Tonghui Silver was the main force in hoarding gold this time, and it used two million taels of silver to hoard gold. also issued 3 million taels of bills, and borrowed 5 million taels of silver from HSBC, a total of 10 million taels to operate this speculation, but in the end the gold price collapsed, and they were forced to borrow by HSBC, borrowing everywhere, and they did not raise enough silver, and they were about to go bankrupt.

"Last time they came to redeem our gold dollar coupons, they didn't lose anything. So I don't have a long memory. Let them remember it for a long time this time, if Tonghui Silver is willing to sell, we will take over, if they don't want to, let them clean it up. ”

This kind of comprador Yang Chao is resolutely not saved, not because he helps foreigners do things, but because he is too risky in business, and the banking industry especially needs to pay attention to risk control.

The reason why foreigner banks are calling for wind and rain in Shanghai's financial street is not because they are strong, but because they know how to control. HSBC used to be a model, they lent Zuo Zongtang 12 million taels of silver to fight in Xinjiang, and then split the loan and sold it to large and small banks in Shanghai, and they only took 10% of the interest. But it is completely risk-free.

It was only this time that HSBC was provoked by the two hundred tons of gold in Yang Chao's hand, and it was the first time that they went into battle shirtless, of course, they thought that they did not take the risk, thinking that they were fully capable of eating Yang Chao.

But HSBC has this confidence, their financial network covering the whole world is not blown, but Yu Qiaqing does not have this confidence. But he also wants to bite a piece of meat, this is a lion's game, but a soil dog is insatiable, who will die if he doesn't die?

Yu Qiaqing is bankrupt!

In the end, Yang Chao asked Xie Guanhui's money bank to annex and reorganize these money banks, and lent Xie Guanhui 30 million taels of silver to operate, so as to prevent other money banks that had business dealings with these money banks from going bankrupt, so as to prevent the majority of depositors from losing their money.

Xie Guanhui does not own a money bank, but he runs Chen Shengjiao's Xiankang Money Village, and Chen Shengjiao and Zhenhai Fang Xingzhai and Jinshan Huang jointly established Chengyu Money Village.

The Fang family is the No. 1 money family in Shanghai, long before the Ya Pian War, they opened a money bank in Shanghai, and they have more than ten money banks in various places.

The Fang family and Chen Shengjiao joined hands to swallow more than 30 banks such as Yu Qiaqing with Xie Guanhui's operation, and also made their relationship with Yang Chao condensed into a rope, so that Yang Chao could control half of Shanghai's money bank industry at once, and Yangzi Bank completely opened up the market.

This was the biggest victory of Yang Chao's gold speculation, which established the status of China's No. 1 bank and took a step towards the central bank.

The economic crisis that began in Britain naturally affected the world again, China was also impacted, the British textile industry went bankrupt, a large number of textiles were dumped in China, Yang Chao could only continue to give Zhang Jian their enterprises blood transfusions, let them lose money to the British competition, and at the same time continue to expand production, Yang Chao lent out 100 million taels of silver in a year.

But Yang Chao did not lose money, his 200 tons of gold, and finally bought all British bonds, the highest price of 70 pounds, the lowest price of 60 pounds, at an average price of 65 pounds to eat 100 pounds of face value bonds, not only used 200 tons of German deposits, but also through the HSBC network, in the second half of the year into the London market 300 tons of gold.

500 tons of gold, bought 55 million pounds, when the British market stabilized at the end of the year, the profit reached 25 million pounds, equivalent to 175 tons of gold, 180 million taels of silver, can be described as a lot of profits, or people London is the center of the world, just move is nearly 200 million silver, in Shanghai almost scraped the ground and forced HSBC to bankrupt, only 200 million taels.

But compared to Morgan, Morgan finally swept away a thousand tons of gold reserves from the London market, but they are not the biggest winners, surprisingly, the biggest winners are still Rothschild and the Baring family, people by fooling the British government before and after issuing 100 million pounds of high-interest bonds, also stirring up trouble in the London market, and finally more than Morgan profited.

After this crisis, Britain lost as much as 3,000 tons of gold reserves, most of which were swept away by Morgan and the British banking family, and the rest was divided by Germany, France, the Netherlands, Belgium and Luxembourg, which are financially developed.

Compared with Morgan, Yang Chao, who went into battle shirtless, did not make a big profit, but just made a hard job.

Of course, because Yang Chao has mobilized 500 tons of gold to support the pound, and has also been grateful to the British government, this makes Yang Chao still very proud, not only drank the blood of the British, ate the flesh of the British, and finally got the gratitude of the British, this is the operation he likes.

Yang Chao, Morgan, Rothschild, Bahrain family, at the same time made a lot of money, the British government and people became a big loser, not to mention thousands of tons of gold, but also saddled with a heavy debt burden, fell all over the ground, tens of thousands of textile enterprises went bankrupt and closed, millions of workers lost their jobs, and finally even used the method of banning gold exports that damaged the credit of the pound, only to force back Morgan These financial predators, I heard that when the British Parliament discussed a temporary ban on gold exports, the Rothschild family was vigorously opposed, said that this would damage the international standing of the pound.

Of course, making money is not without a price, unemployed workers surrounded the Rothschild family's mansion, confronted the police, threw out stones and almost buried the Luo family's mansion, and the British people even set off a wave of anti-Semitic movements, and hundreds of British Jews were killed, of course, Rothschild family members were not among them.

Of course, while Britain was hurt by the economic crisis, other countries were not spared, China was also affected, and Japan was in a similar situation.

But the biggest loser is neither Britain, nor China and Japan, but India.

India has had an economic crisis that is much worse than that of Britain, with large and small trading houses going bankrupt, all kinds of goods backlogged, countless peasants going bankrupt, and hundreds of thousands of people dying of starvation. Similarly, those who starved to death did not include the Sassoon family.

It can be said that India, as a British colony, bore a considerable part of the impact of the financial crisis for Britain, and it is said that the British, in order to maintain the British market, also transferred hundreds of tons of gold and 1,000 tons of silver from India to London under the severe deflation of India.

The year 1908 ended almost in an atmosphere of crisis.

In 1909, the situation began to ease.

Germany and the United States are in the best economic situation, because they barely hit and bite off a large piece of meat from the British.

At the same time, the agreement between the two countries and Yang Chao has been in full swing for a year, 30 major American projects and the last 100 German projects have begun to start, and 100,000 American and German technicians have started industrial construction in Shandong.

Not to mention Yang Chao's gold mortgage in Germany, even if there is no mortgage, when the two countries see the thousands of tons of gold that Yang Chao used to play with HSBC, they are not worried that the cooperation with Yang Chao will end up in vain.

With the launch of the project of more than 5 billion marks, the United States and Germany began to export various machinery and equipment to Shandong on a large scale, and it is no wonder that the economy is not good.

However, finding a market for enterprises in the United States and Germany is not Yang Chao's purpose, it can only be said to be an incidental result, and Yang Chao's real purpose is to find a market for local enterprises in Shandong.

Because this year, 30 large German enterprises introduced by Yang Chao at the end of 1906 and 20 large enterprises invested by the United States have also been put into production. (To be continued.) )