According to the original history, the Japanese government should have used the huge war reparations obtained from the First Sino-Japanese War to gradually reform its original monetary system, and soon after the establishment of its own gold standard system, to survive the storm of silver depreciation at the end of the 19th century. Now, it is clear that Japan, which has been mired in war one after another, will not be able to do so even if it wants to establish a gold standard.

Not only will they not be able to do so, but the merchants of their neighboring Seris will sprinkle a handful of sea salt on the wounds of this crisis.

At this very moment, the employees of many trading companies in Japan are also crying with large amounts of futures trading documents in their hands. Because the import and export trade between China and Japan has been indicated in the currency of the other country at the request of the Ceris government, there is no doubt that many Japanese companies will have a bad prospect this time. Judging from the current degree of depreciation of the yen, the delay in payment for the purchase of Japanese commodity raw materials is almost the same as the Ming robbery, and similarly, the major Japanese trading companies that had previously purchased Seris grain will now have to pay in three times the national currency in Chinese dollars in order to repay the purchase price.

Almost at the same time, a large area of oil-rich land along the eastern gulf of the Central American country of Mexico was also acquired by a few mysterious Asian buyers, and their payment items on their respective land futures documents were also written **** Mexican peso/July 1.

In addition to Japan, Mexico and other countries on the silver standard that have suffered severe trauma, Americans on the other side of the Ceris Ocean have not escaped the silver crisis.

Unlike the previous monetary system reforms of the gold standard implemented by Western European countries and Seris, for a long time, this country in North America has been implementing a unique dual gold and silver standard monetary system.

Since the U.S. Congress passed the Bland-Allison Act of 1878 (Bland-Allison Act of 1878), in order to balance the influence of Rothschild and local Wall Street bankers at home, American politicians began to ask the Treasury Department to purchase $4 million of silver from private banks every month from January of that year to serve as a precious metal reserve in addition to national gold, artificially stabilizing the domestic gold-silver ratio to 1:16. Since then, all types of silver bills issued in the United States with silver protection have become legally valid as gold currency (one dollar of silver certificates is equivalent to one dollar of currency).

In March 1890, the international exchange rate of silver and gold fell to 1:22, and the U.S. Congress, in order to appease the dissatisfaction of domestic silver miners, passed the new "Sherman Silver Purchase Act of 1890", announcing that from now on, the Treasury Department will increase the purchase of 4.5 million ounces of silver and precious metals per month, and once again expand the issuance of silver coupons in China. By July 1898, the U.S. Treasury Department had issued half of the country's financial circles in all kinds of currencies backed by silver.

It is in this context that it is not surprising that the business community in the United States has suffered a great deal in the silver crisis.

Almost overnight, silver bills, which account for half of the domestic currency issuance in the United States, became "waste paper", and the value of its units fell by two-thirds. A number of banks in the United States also unfortunately collapsed because of this silver storm, people's deposits evaporated, and various states fell into turmoil one after another. Although this measure restored the credibility of the original "silver bills", it also depreciated the overall value of the US dollar by nearly one-third in an instant, which is equivalent to spreading the original losses to the entire US dollar monetary system.

As a result, the US dollar currency fell from 1.50463 grams of gold per unit to 1.00309 grams of gold per unit of US dollar. After one-third of the country's wealth has evaporated, the U.S. government has shifted its monetary system into the right lane.

Interestingly, not long after the silver crisis, American politicians and businessmen once again went to Seris on the other side of the Pacific to discuss "bilateral issues" between the two countries.

It's just that this time the Americans are no longer looking for the "Hawaii problem" that they have been indomitable before, but the silver crisis that has just passed!

On the morning of the 20th of that month, U.S. President William Taft even sent a telegram to Chen Zeyu, the head of state of Seris, imploring the government of his republic to revise its previous silver policy and stop selling silver to the outside world.

Obviously, no one except for Seris's own central bankers knew that the Republic would accurately predict the silver crisis, and had already sold off the massive amount of silver in her country, in fact, the reason why the silver crisis in July came so quickly was not without the "credit" of the Serisians, and it can even be said that it was premeditated for a long time. In the eyes of American politicians and businessmen, even though Ceris has reformed the gold standard monetary system, as a traditional silver user, there must be immeasurable reserves of silver and precious metals in its treasury. These Americans, who were afraid that the Seris would pass on their losses and sell silver to the international market, were a little sick and rushed to the hospital at this time!

This telegram from US President William Taft suddenly made Chen Zeyu in Beijing feel laughing and crying, and anyway, he had already thrown off the burden of silver at home, and it was naturally not a problem to promise the Americans this "empty promise" at this time, and it also happened to slightly save the Sino-US relations that had cooled a little because of the "Hawaii dispute."

On July 22, Chen Zeyu sat at his desk in Zhongnanhai and issued an "order to stop selling silver" in a "grandiose manner", and on the same day, he sent a fake condolence message to US President William Taaffe, saying that Seris is a big country with a sense of responsibility, and not only will not sell, but will also buy some silver and precious metals in a limited amount to stabilize international silver prices.

U.S. President William Taft was also surprised to receive a positive response from the head of state, and he had actually sent the telegram to do his best, and after receiving the call, the grateful William Taft immediately replied to Seris with a warm letter of thanks.

Funnily enough, just when the U.S. government was looking forward to Seris's next move, the British suddenly jumped out again.

On July 24, the British government sent diplomatic notes to Beijing and Washington, respectively, severely accusing both sides of not manipulating the international silver market, and pointing out that silver has lost its original status as a world currency, and that no country should use government actions to increase the true value of silver.

Not to mention the angry reaction of the Americans after receiving the British note, Chen Zeyu was also a little surprised after receiving the diplomatic letter of the British government's note, and for the first time he felt that he might have underestimated the inside story of this silver storm at the end of the century......

Originally, Chen Zeyu just thought that it was the successive loss of oriental silver that led to the depreciation of silver in the world, but now the reaction of the British made him feel vigilant.

Chen Zeyu knew that in the late 19th and early 20th centuries, the British had de facto control over the vast majority of the world's gold mines. In fact, in order to suppress the new giant gold mines discovered by the Boers in South Africa at the end of the century, the British even fought a war of aggression at a costly cost. Thinking of the previous silver fluctuations, the true side of this financial turmoil seems to be clearly displayed in front of Chen Zeyu's eyes for the first time.

The British financial community is suppressing the world's silver monetary system!

Gold and silver, the siblings of the original world currency, after silver lost the qualification of the world's currency, there is no doubt that the British, who controlled most of the world's gold mines, will control the entire world's monetary system. Compared to the rest of the world, the British were able to issue their pound notes with impunity in line with the growth of their own gold production, and eventually to implement the sterling standard monetary system they coveted around the world.

Thinking of this, Chen Zeyu was not worried, and he even began to gloat a little -- no one can better understand the future development speed of the world economy than him.

In fact, within a few decades, the British will be embarrassed to find that the growth of their gold mine production has begun to fail to keep pace with the development of the world economy. In the case of the country's economy falling into deflation one after another, the British government will have no choice but to restore the original currency circulation value of silver again. It won't be long before countries such as France and the United States will also restore part of their silver standard.

The continuous appreciation of silver during this period even led to the economic crisis of the later Republic of China government, which would continue until the end of World War II. Because new silver producing areas were discovered around the world, silver-producing countries were greatly dispersed, and finally forced Britain, the United States and other countries to abandon the silver standard system in their hands, until later countries joined the Breston petrocurrency system dominated by the United States. In fact, even the later Breston system did not last long, and when the people of the world realized the greedy face of the Federal Reserve of the New World, the original petrocurrency system would collapse in an instant.

Putting aside the thoughts in his mind, Chen Zeyu, who had an idea, no longer worried about the actions of the British.

However, the British government's control of the gold production area has aroused some "interest" in Chen Zeyu, even if gold will gradually withdraw from the circulation system of world currency in the future, its original storage and preservation function will not be transformed, and for a long time, gold will still be the heavyweight weight that dominates the development of the world economy.

Standing in front of the indoor giant world map, Chen Zeyu crossed the known and unknown world's major gold producing areas, Ghana... South Africa... India... Australia... Luzon... New Guinea... Brazil... Colombia... North America... Under the bright light, a subtle amplitude slowly rose on Chen Zeyu's face......

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As an aside, I have to prepare for the bar exam recently, and the update will not be timely, so please forgive me. In addition, to say something from the heart, this book has been written with 300,000 words so far, and I don't know if my writing is so unsightly that the recommendation is only three digits. To be honest, I didn't think about putting this book on the shelves at all, I wrote it purely with tears, I watched a movie two months ago, called "The Battle of the First Sino-Japanese Sea", I just had a feeling in my heart, so I wrote it, fantasy or venting, I don't know how I persevered until today, after all, I'm actually still very busy, anyway, I just wrote it, and I will always finish writing it. Today at noon specially looked at the number of collectors,It's been over a thousand.,But I don't know why the recommendation is still so little.,Collect at least that there is still something to look forward to.,A person who votes for a random one has a thousand.,Anyway, your indifference is indeed a bit of a blow to my code word enthusiasm.,Please vote for two votes if you really support it.,Above! Written in late 2013.

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