. "Okay"

As soon as they heard that there were "original shares" to buy, several patriotic overseas Chinese capitalists, including Mr. Situ Meitang, suddenly felt that their eyes lit up. Looking at the faces of Luo Yaoguo and Kong Xiangxi, they don't look like "traitors and traitors". How to look at it, how pleasing to the eye, the more I look at it, the more I like it, several families with little Lori are thinking about whether to marry their daughter?

Luo Yaoguo's eyes turned, and the drastic changes in everyone's facial expressions were all visible. The idea of digging into Chen Jiongming's corner naturally appeared in his mind.

"Alas......" Luo Yaoguo frowned, his head drooped, and he just sighed softly: "Right now, South China can come out of the troubled times and become a cornucopia of wealth for big guys." This is all hard work under the leadership of the president and our Kuomintang. It's just that...... Some people just don't understand us, and they don't know the bitterness and blood and tears in it," after speaking, he raised the goblet glass in his hand, took a sip of half a glass of wine, and his face suddenly became gloomy.

As soon as he said this, the air in the room, which had been somewhat lively, seemed to drop to freezing point all of a sudden, and everyone was speechless. Several capitalists secretly glanced at Situ Meitang's old face out of the corner of their eyes. Obviously, they all knew the deep meaning of Luo Yaoguo's words. Situ Meitang is the head of the Overseas Chinese Department of the Zhi Gong Party and the behind-the-scenes financier of the Zhi Gong Party, and has raised a lot of money for Chen Jiongming among overseas Chinese in the United States. And Chen Jiongming and the Zhi Gong Dang are now political enemies of the Kuomintang......

When everyone lowered their heads and was silent, Situ Meitang just smiled: "Hehe, Brother Fuwen." ”

Luo Yaoguo hurriedly clasped his fists and saluted: "The younger generation has no other meaning, I just hope that 'uncle' can return to our party." It is best to make Jing Gong change his mind, as long as he can admit his mistake to the president, with the president's magnanimity, he must not be counted. ”

Situ Meitang's old eyes swept over the few wealthy businessmen present, his eyes flashed, and he smiled: "Jingcun and Mr. Zhongshan, who is right and who is wrong, we have already seen it now." It's just that it's impossible to admit mistakes, and the reason for this must be clear to Brother Fuwen. As for old decay...... It is impossible for me to return to the Kuomintang if the so-called good horses do not eat the grass back, but the old man can fade out of politics and only seek benefits for overseas Chinese in the United States. ”

Luo Yaoguo touched his smooth chin. This old man is righteous enough, although he knows that Chen Jiongming has no hope, but he is not willing to join the Kuomintang to oppose him. However, after all, he is the "uncle" of overseas Chinese in the United States, and he represents the interests of overseas Chinese in the United States after all, so he has to make a little compromise. It's just that if you don't pull him into the Kuomintang, will you ...... again in the future

While he was thinking about it, Kong Caishen, who was slightly drunk on the side, was patting his chest and packing the ticket: "'Uncle' is willing to quit the Zhi Gong Party, which is already the greatest support for our party." Besides, at the moment, we and the Zhi Gong Party are still in coalition government, and the president has never thought of exterminating them, otherwise with their strength...... With your words of 'uncle', of course, our party welcomes the matter of investing in aluminum companies and running coal mines, Brother Fuwen, don't you say? ”

Luo Yaoguo glanced at the "Haha Kong" with red cheeks, and said with a smile: "What Mr. Yongzhi said is very true, of course we can't welcome everyone to invest in China. This time, the aluminum company will definitely leave shares for everyone, and it will be able to make a lot of money in the future. In addition, there are coal mines in Henan, and digging coal mines is now a profitable business. It's just that all the mines are now under the supervision of our military commission, and they can't be mined indiscriminately. If you want to invest, it's better to form a joint stock company, and then invite mining engineers from the United States to design it well, and buy all the machines you need to buy. In particular, don't save money on security...... Otherwise, if there is an accident, it will be very powerful to lose money."

……

A run on fiat currency? Can it really work? As soon as Chen Jiongming's words came out, everyone who was attending the banquet in the main hall of the Shuncheng County Mansion immediately thought about it in their hearts.

Speaking of this kind of thing, it is still common to see this kind of thing in China today. In October of the fifth year of the Republic of China, there was a "Beijing banknote crisis", when the two major banks of China and Communications had to issue paper money indiscriminately in order to fill the deficit in the Beiyang government's finances, and the cash bank was not well prepared. The result was a run on the cash, with 40,000 people lining up all night a day with futon at the door of the cashing point...... At that time, the banknotes issued by CCCC and CCCC were only tens of millions of yuan. At present, the issuance of fiat currency can be as high as 20 billion yuan, and if there is a run, perhaps the rule of the Kuomintang reactionaries will completely fall apart.

The total "issuance" of fiat currency now has 20 billion yuan, and if three and a half fiat currencies are exchanged for one dollar, nearly 6 billion US dollars will be needed as a guarantee, and it is almost impossible for such a huge reserve to exist. Therefore, once the trend of fiat currency redemption rises, the central bank of the national government will definitely have nothing to do...... But the question is, how do you get this trend going? This is also a technical job to run on fiat currency, and it seems that only Pan Fu from the "Department of Transportation" who came to the banquet today has financial experience.

Seeing that everyone's eyes turned to him, Pan Fu was suddenly covered in white sweat, and in addition to fear, he regretted that he was a man in one fell swoop, but it was no better than those who carried a gun in their waists, they were not afraid of heaven and earth, if they really provoked the Kuomintang......

"Actually...... The basis of fiat currency is also ...... It's not particularly unreliable, either. Pan Fu's face turned pale, his eyebrows were tightly twisted, and he seemed to be thinking hard:

"This 20 billion fiat currency issuance does not mean that the Kuomintang Central Bank has issued so many fiat currencies, but ...... What is the 'multiplier effect' of money is a term in economics for foreigners. The actual amount of fiat currency issued is about 6 billion, of which 2 billion are exchanged for silver dollars...... There are still 4 billion yuan, which is almost more than 1 billion dollars, and the Kuomintang's foreign exchange reserves are now about 7.8 billion yuan, and the United States can borrow another 3.5 billion yuan...... I am afraid that this run will not be able to be squeezed. ”

After listening to this explanation, everyone's eyes returned to Chen Jiongming's body, and they saw that he was still with a spring breeze on his face, as if he hadn't heard Pan Fu's words at all. Chen Jiongming waved his hand indifferently and said with a smile: "Brother Xinhang is too honest, we can't come hard if we want to run on fiat currency?" Besides, we don't have much fiat currency in our hands, and most of it is in the hands of the top ten banks in the south and those big conglomerates that are pro-Kuomintang and large enterprises controlled by the Nationalist government? ”

"What does Mr. Competing mean?" Seeing Chen Jiongming's confident look, Zhang Zuolin hurriedly asked.

Chen Jiongming just smiled: "At present, the value of fiat currency has been shaken, especially outside the Kuomintang's training and political districts, and the people have not been able to information fiat currency as before through the propaganda of public opinion." If there is a run in the Beijing-Tianjin area at this time, it will definitely cause panic. ”

"Alas...... How many fiat currency plates can there be in the Beijing-Tianjin area? It's just tens of millions of deaths. Pan Fu just shook his head on the side.

Chen Jiongming waved his hand: "It's okay, it's okay." We don't really want to use our strength to crush the fiat currency, but to create an incident. Let's first find a way to let the banks we control transfer millions of fiat currency to the Beijing-Tianjin area, and then let our people go to the major banks in the Beijing-Tianjin area to exchange cash and foreign exchange. At the same time, we are using our respective public opinion machines to desperately promote the theory of the collapse of fiat currency, striving to cause panic among the people, and then the market will be in chaos. We also announced that we would come forward to sort out the currency system, set up a joint reserve bank, and ordered the banks in their respective territories to stop converting fiat currency and exchange all fiat currency into the 'co-currency' issued by us. Finally, it is forbidden to circulate fiat currency on our territory, so that we can regain the 'right to issue money' in one fell swoop, and once fiat currency loses its credibility in the north, its credit in the southern market will also be shaken, and perhaps the common people will rush to exchange the fiat currency in their hands into foreign currency or silver dollars, and the national capitalists and those imperialist enterprises may also follow suit, so that we will not achieve the goal of stopping the Kuomintang reactionaries from using fiat currency to exploit the working people? Taking a step back, even if the Kuomintang maintained its position in the south, the foreign exchange reserves in their hands would certainly be greatly reduced, and their pace of arms expansion and warfare would have to be slowed down......"

"That is, using the power of the regime to squeeze the fiat currency out of the northern market under the pretext of a fiat currency run?" Pan Fu finally understood Chen Jiongming's suggestion. He sighed and nodded: "I think this is feasible, the fiat currency has been a little shaken in the north at the moment, and if there is another run, the credibility should almost fall." At this time, we will come forward to organize the 'United Reserve Bank' to maintain the market, which should be able to regain the market in the north." It's just that...... Will the Kuomintang use force against us? ”

"Use force? Want to use the barrel of a gun to maintain the credibility of your currency? The eyes of the common people are bright. Zhou Elai tapped lightly on the table and said with a smile: "They don't use force, we can't enter the southern market for the time being, if they dare to use force, I'm afraid this fiat currency will collapse immediately, right?" ”

Chen Jiongming also smiled: "Sun Yat-sen will not use force for this matter, you can rest assured." Now that he is president, he is asking for no more power but a name. I don't know him well, I can't do such a thing. Besides, at the moment we and the Kuomintang are engaged in 'economic competition,' and whoever does well in the economy will probably be the one who will be in China in the future. And if we want to engage in 'economic competition' and the currency is controlled by our opponents, aren't we sure to lose? Rather than that, it's better to give it a go and bet that Sun Yat-sen will not use force."

"Then what are we going to do with our 'United Reserve Bank' and 'Linked Currency'?" I don't know who suddenly brought the topic back to the establishment of a joint banknote issuing bank.

"The head office of the 'United Reserve Bank' should be located in Beijing, because Beijing is jointly managed by various factions, and everyone can rest assured that the head office and treasury will be placed in Beijing."

"Well, that's how it should be. However, the issued banknotes should not be called 'coins', which is ugly to hear. It should be called 'silver dollar coupons' We Chinese believe in silver, and it is best to call silver dollar coupons. ”

"Can people believe it if it's called 'silver dollar coupons'? At the end of the day, it's about having adequate reserves. How much of this reserve do you have now? ”

The crowd was in high spirits, but when it came to the issue of reserves, they were speechless. At the moment, the factions don't have much money in their hands, and if they did, they wouldn't have today's gathering......

"There is no money...... Won't we borrow money? It was Pan Fu who broke the silence, he slapped the table and said with a smile: "Isn't their Kuomintang also relying on foreign debts to develop the economy?" Why can't we just do the same? We don't borrow foreign debts, so we borrow money from banks in the areas controlled by the national government, and we also use mines and railways as collateral. ”

Zhang Zuolin nodded with a smile at this time: "Let's give out 10 million silver dollars, we still have this money." You Zhong G and Duan Zhi Lao also contributed 10 million, and then asked the democrats and national capitalists to give 10 million. In this way, there are 30 million silver dollars, and this reserve cannot be said to be less, right? ”

"Not a lot, not a lot." Zhou Elai shook his hand, a hint of surprise slipped across his face: "Then how many silver dollar coupons are we going to issue?" Of course, it is impossible to issue a silver dollar coupon for a dollar reserve, right? It's too much of a loss, how about we triple the expansion? Issue 90 million silver dollar coupons first? ”

Zhang Zuolin gave a thumbs up and said with a smile: "Mr. Zhou, in my opinion, we will issue 90 million silver dollar coupons in the first step." The second step is to use the run to convert all the fiat currencies on our respective territories into silver dollar bills, and then use the exchanged fiat currency to exchange silver with the central bank of the Kuomintang. In this way, we will have more reserves in our hands and more tickets will be issued...... However, how should these tickets be distributed? ”

Zhou Elai frowned and thought for a moment: "The three of us will each set up a branch of the United Reserve Bank, one in Yan'an, one in Jinan, and one in Fengtian. The first issuance of silver dollar coupons left 30 million in the head office, and then the remaining 60 million was divided into three parts, with the Fengtian branch taking half of the 30 million, and the Jinan and Yan'an branches each 15 million. Yu Shuai, do you think it's okay? ”

Zhang Zuolin and Chen Jiongming glanced at each other. They each carefully considered Zhou Elai's suggestion. According to this method, the three parties of the Chinese G, Feng, and Anhui immediately had an extra 60 million in cash, and even after deducting the 20 million they used for reserves, it would be 40 million more...... And in the future, they can continue to use this joint money printing machine to provide a steady stream of funds for their respective systems, which can be described as a good deal without a lot of money

……

On the night of February 19, 1928.

Inside the room of the Consulate General of the People's Republic of China in New York. Luo Yaoguo, who had been busy outside for a day, was leaning on the sofa in the bedroom, holding the little beauty Qu Ying in his arms. With her eyes half-squinted, she was listening to Natalie, who was sitting on the bed, read the urgent call she had just received from the Military Intelligence Bureau.

“…… According to information disclosed by the Al-Shabaab side, the leaders of the Central G, the Zhi Gong Party, and the Feng faction held a secret meeting last night in the official residence of Zhang Zuolin, the prince of Shuncheng County, Beijing. The content of the talks involved the joint organization of joint note-issuing banks with democrats and national capitalists to issue new banknotes pegged to the silver dollar in the territories of the Zhongg, Zhi Gong Dang, and Feng factions in the north, in an attempt to replace the position of fiat currency in the northern market. There is no further information on the specific details of Al-Shabaab, and the Beijing station of the Military Intelligence Bureau has not received relevant information for the time being......"

After reading the newspaper, Natalie smiled at Luo Yaoguo: "It looks like our fiat currency is about to have a competitor." ”

"Joint note-issuing banks?" Luo Yaoguo frowned slightly, and suddenly "euro" suddenly appeared in his heart, this note-issuing bank composed of various factions is a condensed version of the central bank of the euro area, which is really a big trouble.

"Let's ...... Do you want to find a way to stop this? The little girl Qu Ying flattened her mouth, blinked her eyes, and asked tentatively.

"Block?" Luo Yaoguo smiled heavily, and said in his heart: "What can you do to stop people from printing money?" Heilongjiang, Jilin, Fengtian, Rehe, Chahar, Suiyuan, Zhili, Shandong, as well as northern Shaanxi and Longdong, these territories can be under the control of others, and the Nationalist Government cannot reach out unless it is a civil war and uses force to eliminate them. It's just that...... In this way, it is inevitable that we will fall into the quagmire of a protracted war, and I am afraid that the industrial construction that the south has started with great difficulty will also be interrupted, right? It seems that they can only go with them...... Let's take it one step at a time. ”

"Brother Fuwen, what are you thinking?" The little girl's pretty face turned around. Xiu's eyebrows frowned slightly, her teeth gently devoured her lips, her facial features were delicate and delicate, and her skin was like clotted fat, which looked really deliciously tight.

"I'm wondering when I can eat you" Luo Yaoguo looked at the little beauty with a smile, stretched out his tongue and licked his lips.

The little girl's pretty face turned red, her little mouth pursed, and she snorted softly: "You bad people won't give you food" Although the words were absolutely true, her body was still leaning softly on Luo Yaoguo's body, without any intention of moving.

Seeing the little girl's look of wanting to refuse and welcome, Luo Yaoguo couldn't help but want to mouth.

"Uh-huh" Natalie didn't know when she came to Luo Yaoguo's side, with a spring on her face, her big eyes looked at Luo Yaoguo with affection, and said sweetly: "Fuwen, people *** said they didn't want to eat it for you...... Or just spare her this time...... Why don't you eat me tonight? ”

Looking at the two charming beauties, Luo Yaoguo smiled evilly: "That...... Is it okay for two to eat together? ”

"Well, you can do whatever you want." Natalie straightened her plump and towering breasts and glanced at Qu Ying: "Sister Xiaoying, what is your opinion?" ”

The three of them jumped up from Luo Yaoguo's arms suddenly, shaking their little heads desperately: "I'm ashamed, people don't want it" After speaking, she stomped her feet, and ran out of Luo Yaoguo's bedroom like a gust of wind.

Seeing that the food that was almost to his mouth flew away like this, Luo Yaoguo glared at Natalie with a "wicked smile" on his face.

"You can punish people however you want...... Natalie was interested, and immediately changed her posture and knelt on the sofa, looking like she was punishing with her eyebrows down.

"Oh yes?" Luo Yaoguo twisted his eyebrows and thought for a while, then smiled: "Then you are not allowed to take any more medicine tonight...... No, you are not allowed to eat it for a while in the future, and I will punish you for helping me give birth to a baby. ”。