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In the middle of the World Cup, a war is being waged on the North American continent on the other side of the Pacific. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ╔╗

New York, after the Sino-American war, is far less prosperous than it was before the war. However, it remains the financial center of the United States, where financial capitalists from all over the world gather, and Wall Street continues to be the fourth largest financial city in the world.

Although the United States was severely damaged during the war and was burdened with huge war reparations after the war, the Americans had a strong economic foundation and sufficient talent reserves, and at the same time, the United States only had a small number of naval and army self-defense forces under the military control of the Chinese Empire, and did not need to invest huge military expenditures, which in turn relieved considerable financial pressure on the US government. Of course, the most important thing is that all the great powers, including the Chinese Empire, want to make money in the United States, so they play a key role in the recovery of the American economy, after all, only fat sheep have the value of slaughter.

In terms of industrial production, the United States in 1925 had recovered and surpassed the pre-World War I level, and in 1927 it had regained its superiority over the traditional powers such as Britain, France, and Germany, and restored its position as the world's second industrial power. The pig iron output that year reached 13.2 million tons, and the steel reached 18 million tons, but compared with the 42 million tons of steel output of the Chinese Empire, which was the world's largest industrial power, it was still far from the steel output of Germany, the third industrial power, and the 17.5 million tons of steel output of Germany, the third industrial power, while the United Kingdom, which was in the fourth place, only had a pitiful 6.8 million tons of steel production. However, the output of the chemical industry in the United States has developed rapidly, 1.5 times more than that of the United Kingdom, more than twice that of Germany and France, and even in some areas close to the Chinese Empire. In 1925, the Chinese Empire had an absolute advantage in the electrical industry, surpassing Germany by 2 times, Britain by 3.5 times, and France by 6.5 times. But the United States soon made great strides in this area, and by 1929 the output of the electrical industry in the United States was equal to that of Germany.

In terms of international trade, the United States has risen to an extremely important position, accounting for the third place in the world, second only to Germany, and reaching 60 percent of the trade volume of the Chinese Empire, which is in the first place.

The U.S. economy has indeed created a miracle of development in just a decade after the Sino-American war. You must know that in the Sino-American war, 4 million people died in the war, 2.5 million were disabled, 3 million died of hunger, plague, the economy was on the verge of collapse, industrial and agricultural production fell sharply, the real wages of workers decreased, plus the huge war reparations of 20 billion dragon coins paid to the Chinese Empire, half of the territory was divided between the Chinese Empire and Mexico, and the most important oil industrial areas were also occupied by Mexico.

It can be said that the post-war United States was basically finished, and all countries in the world at that time thought so.

However, it is indeed unbelievable that such a dilapidated state has reached an absolute superiority over Britain, France and Germany in just ten years.

However, it is easier to look at the rise of the United States from a different perspective. After the war, the major conglomerates and monopolies in the United States greatly strengthened their power during and after the war. Although the industrial and agricultural industries of the United States suffered huge losses in the medium-density war, to a certain extent, to the point of facing collapse, these losses were borne by the working people, and the losses of industry were limited to small and medium-sized enterprises, light industry, and some areas of daily life. Because the Chinese Empire chose to cooperate with the five major American conglomerates in order to force the United States to submit after the war, the five major American conglomerates and monopoly capitalists obtained the economic lifeline of the United States after the war. ╔╗The five major consortia undertook the business of reparations to China and controlled the US fiscal revenues and expenditures. Before the war, the annual profits of the five major consortia were about $150 million, and in the decade after the war, the annual profits of the five major consortia increased to $650 million. It can be said that the Sino-US war not only did not cause losses to the big conglomerates and monopoly capital in the United States, but on the contrary, they further strengthened them. This led to the emergence of such a phenomenon in the post-war economic structure of the United States: the strong groups in the American economy became stronger after the war, and those weak economies had been eliminated in the war, and it should be said that the war destroyed the weak economy in the American economic structure, while the economic and industrial potential of the United States did not receive much impact, but accelerated its concentration of production and capital. This kind of concentration was adapted to the needs of the development of the productive forces at that time, and once the conditions for economic development arrived, there would inevitably be new economic development.

During this period, with the completion of the second industrial revolution of the Chinese Empire, the Chinese Empire completely entered the era of imperialist monopoly, and European and American countries followed suit, and the monopoly organization became the main organizational form of the economy of various countries. In the second industrial revolution, some new large-scale industries (chemical, electromechanical, iron and steel, oil) can only be produced through monopolies, so that it is easier to introduce advanced science and technology and efficient scientific management methods. Therefore, these new industries in the United States were able to develop rapidly in the post-war years, and because the five major domestic conglomerates and monopoly organizations retained their strength in the Sino-American war, they also had the ability to develop rapidly in the post-war period. At the same time, the most important thing is the Zeringen Foundation, one of the five major consortiums, because it has the title of a relative with the Chinese Imperial Family, the consortium can obtain any high-tech transfer and authorization from the Chinese Empire, and the Chinese Imperial Government has no restrictions on it. As a result, although the Technology Control Committee of the Imperial Chinese Government imposed strict technical control on the entire United States and the Western world, it left a back door and gave the green light to the Zeringen consortium, so that the United States could closely follow the Chinese Empire in the second industrial revolution, thus leading the world. The two most prominent examples are the United States Chemical Company, which was established in 1925, and the United Steel Company, which was reorganized in 1926. The Morgan consortium's U.S. Chemical Company has almost complete control over the production of synthetic explosives and man-made fibers and pigments in the United States. The United Iron and Steel Company, a subsidiary of the Zehringen consortium, monopolizes 50% of the coal and pig iron and 70% of steel production in the United States, and has received strong support from the Imperial Chinese Iron and Steel Group in this regard, and its steel quality has improved rapidly. This may explain why the United States was able to form an absolute advantage over Germany, Britain and France in the post-war economy, and even challenged the Chinese empire to a certain extent.

In addition, the United States received a large amount of financial aid from the Chinese Empire after the war. The New York Treaty Compensation Commission decided that the United States should pay a total of 20 billion dragon coins to the Chinese Empire in gold, but the United States did not have that much gold, and it was very difficult to compensate. If the Chinese Empire wants to get 20 billion dragon coins of gold, it must let the U.S. government maintain it, and killing the chicken and eggs will only make the Chinese Empire lose more.

The U.S. government took a fancy to this weakness of the Chinese Empire, so it adopted the strategy of "fulfilling it, that is, proving that it could not fulfill" and treated the war reparations passively.

As a result, the Federal Savings Bank of the United States frantically printed money and issued dollars on a large scale. By the end of October 1923, there were already 30 paper mills producing paper for printing money. Although the Fed's money-printing machines are well-equipped, they are not enough to meet demand. In Washington, New York, and elsewhere in the country, about 100 private printing houses are printing dollar bills at full capacity. The factories employ 11,000 women in the dispatch room to count banknotes that are about to be shipped or bundled. On October 25, the Federal Reserve Bank announced that the issuance of banknotes on that day reached $14 billion. But the demand for banknotes that day was $320 million, reminiscent of the Yuan rulers who issued too much banknotes and then transported them by boat. At this time, paper money was not even as valuable as a physical entity of paper, and it is recorded that women even used these notes to cook on fires.

The over-issuance of paper money was not only to repay war reparations, but also to the political and economic situation of the United States, both domestic and foreign. During the United States participating in World War I and Sino-American World War, the U.S. government issued more than $30 billion in war bonds, which now need to be repaid to the public, but the war has greatly damaged the labor and economic power of the United States, and the Chinese Empire has imposed strict economic sanctions on the United States. ╔╗The punitive war reparations of 20 billion dragon coins demanded by the Chinese Empire are a responsibility that the US government can hardly bear but has to fulfill. In addition, the resettlement of demobilized soldiers, the payment of pensions, and the relief of large factories that are about to go bankrupt have greatly consumed the government's fiscal revenue. Shifting the heavy financial burden onto the people seems to have been imperative. Other events are also contributing to the fire. The Mexican state sent troops to occupy the state of Louisiana, taking over the most important industrial base and oil region in the southern United States. At that time, the U.S. government organized the capitalists to reduce the scale of industrial production and exercise passive resistance, and the government allocated huge subsidies to the capitalists. Together, these myriad events contributed to the fact that the U.S. government could only raise money by speeding up the rotation of the banknote printing press. In 1923, 80 to 90 percent of the U.S. fiscal revenue was generated by the indiscriminate issuance of paper money. Relying on the issuance of excessive paper money, the government effectively wrote off its own domestic debts, and to a certain extent satisfied the demand for reparations to the Chinese Empire.

Inflation has allowed politicians and business magnates to maintain and consolidate their power, but unprecedented inflation has befallen the American people, causing great damage, and the damage is practically permanent. Inflation has led to an unprecedented enthusiasm for physical objects, and as soon as something hits the shelves in stores, it is immediately snatched up. Customers who go to the bar will ask for a bunch of beer as soon as they enter the door, pay first and then drink, for fear that the price will have doubled before the wine is finished. In November 1923, unemployment in the United States rose to 33 percent and coal production fell to 44 percent of pre-war levels. Inflation has also led to extreme inequality. Speculative and well-informed people borrow heavily at the outset, buying real estate and physical goods, and then repaying the loans when inflation is high. What they did was almost a lucrative business, and these people became the "new upstarts" in the United States. They were hated by the American people, and later the Nazis led by Roosevelt took advantage of this sentiment. The vast middle class, which generally includes securities holders, creditors, renters, savers, and fixed-wage workers, has been virtually bankrupt in this inflation. During inflation, crime soared, and the number of crimes rose by 45 percent between 1913 and 1923, and an atmosphere of fear and eschatology permeated American society.

If this continues, the U.S. government will collapse. Naturally, the Chinese Empire would not allow the United States to collapse like this, and the remaining billions of dragon coins in war reparations would be wasted. At the same time, the United States took advantage of the contradictions between the Chinese Empire and Britain and France, Britain and France, and France and Germany after the war, and used the war reparations and economic crisis as an excuse to make the Chinese Empire and the Entente Britain, France, Italy and other countries pass the Dawes Plan at the London Conference in August 1924, which was due to the large amount of debts owed to the United States by Britain, France, Italy and other Allied countries during World War I, totaling up to $3 billion. The United States owed the Chinese Empire a debt of 20 billion dragon coins, and the United States asked the Chinese Empire to ask the Entente for it, but the Entente was unable to repay it, and had to borrow money from the Chinese Empire in turn, so a triangular debt relationship emerged between the two sides. The Dawes plan is the plan to resolve this triangular debt relationship.

The Chinese Empire wanted to get this reparation, so it agreed to the "Dawes Plan" of Britain, France, the United States and Italy, and a large amount of capital from the Chinese Empire and Britain, France, Italy and other countries was injected into the United States (70% of which was the capital of the Chinese Empire, and Britain, France and Italy each accounted for 10%, but in fact, a large part of the capital of Britain, France and Italy was also borrowed from the Chinese Empire). According to the plan, the loan to the United States amounted to more than 62.6 billion US dollars (31.3 billion dragon dollars), and the war reparations paid by the United States to the Chinese Empire during this period were only 11.4 billion US dollars. From the above, it can be seen that the demand for reparations from the United States in the Dawes plan is not a heavy burden on the fragile economy of the United States as imagined by the media circles, and it is precisely this "burden" that the United States has taken advantage of to absorb the funds and technology necessary for the recovery and development of the postwar economy through the means of "borrowing chickens to lay eggs." The arrival of a large amount of money is actually a flow of funds within the Chinese Empire, which not only repays the war reparations for the United States, but also provides funds for the recovery of the economy, and a large amount of funds and investments have undoubtedly injected a 'booster' into the recovery of the American economy.

However, with the recovery of the American economy and the re-seizure of the status of the world's second economic power, this made Britain, France, Germany, Italy and other Western countries envious and jealous, and the Chinese Empire was even more worried about this, worried that the United States would retaliate against the Chinese Empire, and the Chinese Imperial Government decided to secretly use means to attack the American economy and prevent the rise of the United States. ╔╗

As far as the Chinese Empire is concerned, there is naturally no excuse to use force against the United States again, because after all, the United States has only the Self-Defense Forces left and does not have the strength to invade or threaten foreign countries, and under such circumstances, international public opinion will not allow the Chinese Empire to use force against the United States. Therefore, the only way to deal with the United States was to use the great economic power of the Chinese Empire.

Since the Chinese Empire has more than 90% of the world's gold reserves, the Dragon Coin has been recognized by the international community as a global currency, so a currency war against the American economy led by the Chinese Empire has quietly broken out.

Shorting the U.S. dollar, this is a currency war method proposed by Song Hanzhang, Minister of Finance of the Chinese Empire, that is, to hit the U.S. economy, but also to reap huge returns for the empire.

Shorting is actually an investment term for stocks, futures, etc., and is an operation mode of stocks, futures and other markets. It is the opposite of "long", which is theoretically to borrow and sell first, and then buy and return. Shorting refers to the expectation that the market will fall in the future, sell the stock in your hand at the current price, and buy it after the market falls to obtain the profit from the price difference. Its trading behavior is characterized by selling first and then buying. It's actually a bit like the open money trading model in business. This model can make a profit in the swing of falling prices, that is, borrow goods at a high price and sell them first, and then buy and return them after the price falls. For example, if you expect a stock to fall in the future, borrow the stock when the current price is high (the actual transaction is to buy a put contract) and sell it, and then buy it when the stock price falls to a certain level, and return it to the seller at the current price, and the resulting price difference is the profit.

The advantage of shorting is to make a guarantee for a crash. When the forward contract entered into by the short investor expires, the short seller's funds must be returned to the stock market, which also gives the stock market a cushion opportunity.

Song Hanzhang proposed to use the Chinese Empire's huge gold reserves and the international currency payment capacity of the dragon currency to artificially create hot money to "short" the United States. Under the influence of the Chinese Empire, the member countries of the Greater China Co-Prosperity Sphere, as well as Britain, France, Germany, Italy, and other European and American countries, have heard the rumors, and tens of thousands of financial companies around the world have followed in the footsteps of the Chinese Empire to inject funds into the American currency market in order to reap the benefits.

As a result, with the large-scale inflow of international hot money into the U.S. money market, the U.S. dollar appreciation rate has been accelerating, and gradually deviating from the basic track of the "initiative, progressiveness and controllability" of the U.S. dollar exchange rate proposed by the Federal Reserve.

In 1928, various signs and facts show that hot money and the forces behind it have gradually controlled the rhythm of the rise and fall of the US capital market and gradually controlled the dominant public opinion of the US domestic financial market. All the hot money speculators have even managed to do the incredible thing that they have succeeded in translating the potential subprime mortgage crisis of the Chinese empire and the economic crisis in Europe into a stock market crisis in the United States.

By mid-April 1929, the Beiyang Stock Exchange Index of the Chinese Empire had fallen sharply due to the impact of the domestic subprime mortgage crisis, and the opening index had stopped rising sharply and returned to a stable growth state. ╔╗But the US Dow Jones index fell by about 50%, and this is a symptom of the accelerated appreciation of the dollar and the sharp appreciation of dollar assets.

In the Wall Street Stock Exchange in New York, everyone was staring at the appreciation data of the dollar against the dragon coin on the big screen, and tens of thousands of people in the entire hall were almost rushing to buy dollars.

A foreign exchange trader of a bank in the United States told the reporter of the "Daily Economic News" on the spot: "Customers are grabbing US dollar positions, the median price given by the Federal Reserve does not play any role at all, and the buying order of 1 billion dragon coins is smashed down, and it is strange that (the dollar) does not fall to the limit!" ”

At the beginning of May, in the U.S. domestic interbank foreign exchange market, the spot exchange rate of the US dollar against the dragon dollar has hit the fall limit for six consecutive trading days. The U.S. government and Congress immediately convened an emergency meeting to prepare for a response.

The world's major media are all paying attention to the results of this meeting of the US government, but it is undeniable that the offensive of foreign investors to short the United States has come suddenly, and a "currency war" seems to have quietly begun.

"Three-dimensional shorting, singing the decline of the United States!"

Not only did the international media comment like this, but soon even the Economic Committee of the League of Nations suddenly "changed its tone" from singing the Dow Jones index to singing about the United States in a high-profile manner on many occasions, especially the real estate and banking industry in the United States, which aroused a high degree of vigilance in the industry.

On Monday, the Royal Credit Rating Agency of the Chinese Empire held a briefing on the special report on the U.S. banking industry, and Li Meizhen, head of the U.S. banking rating at the Royal Credit Ratings, said: "Borrowing new to repay the old, on-balance sheet and off-balance sheet shifts, and transactions with non-bank financial institutions have made the difficulties of domestic banks in the United States temporarily not visible through the non-performing loan ratio, but the shortage of cash positions highlights the sluggish growth of the U.S. banking industry, and the long-term investment in real estate by Americans to preserve value may create a huge bubble risk." ”

The Royal Credit Rating Agency is the only international credit rating agency in the world, which was initiated and established by Wang Chenhao, the Emperor of the Chinese Empire.

The agency is a social intermediary institution established in accordance with the law to engage in credit rating business, that is, an important service intermediary institution in the financial market, and it is an organization composed of specialized economic, legal and financial experts to grade and evaluate the credit of securities issuers and securities.

Due to the strong international influence of the Chinese Empire, as the global financial center, the only credit rating agency of the Chinese Empire has a strong backing support, and was soon recognized as the most authoritative professional credit rating agency in the world. Of course there are such institutions in various countries, such as German standards? Gore & Co., Catina Investment Services in the United Kingdom, and Fitch Credit Ratings in the United States, etc., but their influence is limited to their own countries, and they are not as internationally preeminent and authoritative as the Royal Credit Rating Company of the Chinese Empire.

Since the establishment of the Royal Credit Rating Agency of the Chinese Empire, in the face of huge domestic and international opportunities and survival pressures for many years, the credit rating agency has strengthened cooperation and exchanges with external circles, while continuously improving its business quality and management level. Independently express opinions on the credit status of domestic and foreign securities, and the possibility of investors receiving interest and recovering principal on time expressed in credit status is more accurate and recognized by international countries. ╔╗

Therefore, when Li Meizhen believes that US banks are entering a credit cycle with seriously weakened liquidity and shouldering a larger financing scale, the previous method of delaying the loan recovery period is difficult to work, and the problem of asset quality may worsen in the future, it naturally arouses the attention of the international financial industry.

Of course, this was only the result of the dictates of the Chinese Empire. Soon, the Economic Committee of the League of Nations under the control of the Chinese Empire issued its first report, warning of risks to the U.S. financial system, saying that rapid credit expansion will lead to deterioration in loan quality, shadow banking and off-balance sheet activities will lead to increased bank disintermediation, housing price bubbles, and economic uncertainty will seriously affect the U.S. banking system.

Soon, the U.S. Congress passed a monetary policy to maintain the stability of the dollar, but before it was officially implemented, the dollar was shorted by international financial forces, and the dollar was sold off on a large scale.

On September 14, the Royal Bank of China reduced its holdings of 1.75 billion shares of the Federal Reserve and cashed out 3.5 billion dragon dollars. A few days later, the Imperial Bank of China announced that its stake in Rockefeller Bank would be reduced from 22% to 1%, and that it would "pocket" 2.1 billion dragon coins.

Affected by this, in November, hundreds of bankers in Britain, France, Germany, Italy and other countries successively sold off Federal Reserve stocks and shares of major US banks, while increasing the size of hedge funds in the United States more than four times to $22.25 billion, these hedge funds have been famous for shorting the international stock market to make profits.

Soon, the Dow Jones SCI, a company that tracks the United States, fell 27% in November, and fell as much as 26% in less than three months. Helos, a well-known international hedge fund manager, said that the Dow Jones index fell from nearly 250 points to around 160 points this year, an unprecedented decline, which is not unrelated to the layout of international investment predators to short the U.S. stock market.

In order to cope with the large-scale outflow of hot money, the U.S. government and the Federal Reserve tried to raise interest rates to recover excess dollars in the market to prevent international investors from collectively shorting the United States, but the effect seems to be small, and a sharp depreciation of the dollar is imminent.

In the second week of December 1929, the U.S. dollar depreciated sharply, and the exchange rate against the dragon coin fell from 1:0.5 before the short sale to 1:0.15, a drop of more than 30%.

The price of New York Stock Exchange shares fell like an avalanche, people were hysterically selling their shares, and the entire hall of the exchange echoed with desperate // fastest text update without ads // shouts. The day became the dreaded "Black Thursday" and triggered the US economic crisis. However, this is only the beginning of the disaster. With the failure of the rescue policy introduced by the US government, the stock price of the exchange fell sharply again on the 29th. More than 16 million shares were sold off in a single day, and the average price of the 50 major stocks fell by nearly 80%. Overnight, the "boom" was wiped out, and a full-blown financial crisis ensued: massive bank failures, bankruptcies, market depression, and a sharp decline in production; The number of unemployed has surged and people's living standards have plummeted; Agricultural prices have fallen, and many people are on the verge of bankruptcy. An economic crisis of unprecedented scale finally broke out, and the "Great Depression" period in American history arrived.

According to later official statistics in the United States, after the outbreak of the American economic crisis in 1929, the entire world industrial production in the United States fell by 50%, industrial output regressed to the level of the end of the 19th century, the total trade volume decreased by two-thirds, and 110,000 enterprises went bankrupt. More than 17 million people are unemployed in the United States, millions of small farmers are bankrupt, and the unemployed are displaced. The contradictions inherent in the capitalist system caused political turmoil in the United States by the economic crisis. The economic crisis has also intensified the contradictions between the capitalist countries, leading to a series of tariff, dumping and currency wars. The loss of the US dollar exchange rate alone exceeded 40 billion dragon coins, of which nearly 30 billion dragon coins were cashed out by the big capitalists and banking groups of the Chinese Empire (the return on investment was large), about 6 billion dragon coins were cashed out by European countries, and the remaining 4 billion dragon coins were cashed out by speculators in the United States.

The Chinese Empire's short-selling plan for the United States succeeded, and the United States, which had just recovered as the world's second largest economic power, inevitably erupted into an economic crisis that led to the collapse of the United States' efforts in the post-war decade overnight, and the immense wealth of the Chinese Empire and other European countries was taken away overnight. Then the Nazi Party led by Roosevelt took advantage of the situation, and he shouted that the Chinese empire and the countries of Europe were robbers, they had robbed the Americans of their hard-earned money, they had no humanity, and we should rise up and resist.

Roosevelt and his Nazi Party campaigned for an appeal, which soon inspired hatred among Americans. Originally, most people in the United States gave up on the fascist road because of economic recovery, but now it seems that they can't do it, because they have been driven to a dead end.

In the 1929 U.S. Congressional election, Roosevelt's Nazi Party defeated the Republican Party and the Democratic Party in one fell swoop and won the majority of seats in Congress, and Roosevelt also defeated the presidential candidates of the Democratic Party and the Republican Party and became the 30th president of the United States.

Soon, Roosevelt introduced the New Deal to save the American economy.

Roosevelt quickly re-established the order of the United States after coming to power, and in order to reorganize the national economy, Roosevelt believed that as long as the international monetary system was still based on gold, a country that could monopolize gold could bring to its knees the countries that lacked gold, and the means it used was to drain its foreign exchange sources and force them to rely on borrowing to maintain production. For this reason, Roosevelt put forward his theory-for-tat, "A country does not live on the face value of money, but on real production, and production makes money gain value." Production is the real preparation of money, and it makes no sense that a bank safe is full of gold. ”

So he decided: refuse to accept foreign loans, and use production as the basis of the American currency, and not gold. Secondly, the import and export trade is carried out in the form of direct barter. Stop the so-called "freedom of exchange", that is, to allow gambling in monetary matters and to transfer private property from one country to another according to political conditions. When there are people and materials that can work, money is made without borrowing from foreign countries.

Since the main way of making profits in international finance was to lend money to countries in economic distress at that time (and still is), Roosevelt's New Economic Policy was a sword to be wary of. What is even more serious is that if Roosevelt succeeds, all the countries that lack gold will follow suit and barter, so that not only will no one borrow, but gold will also lose its effectiveness, and the use of it to control world finance and trade will come to naught.

When the Chinese Empire learned of Roosevelt's coming to power and his new policy, it was immediately alarmed, and the Chinese Emperor Wang Chenhao hurriedly convened an emergency imperial meeting to convene the officials of the five provinces and nine ministries of the empire to discuss the response strategy. Because if Roosevelt was allowed to carry out the New Deal, then the strategic attempt of the Chinese Empire to use gold to control the countries of Europe and the United States, and the plan to use gold to extract their wealth would be in vain.

At a time when the Chinese Empire was anxious to figure out how to deal with Roosevelt's rise to power and his New Deal, the European countries had been elated after receiving the money from the United States, not realizing the importance of Roosevelt's New Deal, and their more energy was attracted by the intensifying Spanish Civil War.

In 1929, in the early morning of November 7, four ** armed columns attacked the location of the Spanish government army, and the fifth column went behind enemy lines. These armed saboteurs and spies are indeed very dangerous, disguised as anti-fascists, infiltrating the General Staff, government ministries, Popular Front committees and trade unions to gather intelligence, sabotage, sow discord and sabotage. But the Fifth Column was not the only one in the city. The flight of Caballero's government created the conditions for the ** people to take control of the capital. Although Honda was presided over by General Miaha, Mich and Diegers, general secretary of the Union of Socialist Youth Unity, Santiago? Carrillo plays a major role in Hondane.

At the front, there were two people destined to become legends: one was the anarchist Buenaventura? Durutti, who led 3,500 anarchists from Catalonia to the front, one of the leaders of the Iberian Anarchist League, had recognized the importance of revolutionary discipline and died because of it – he was killed by discipline-hating anarchists at the front. The other is the ** Ba Liantin? Gonzalez, nicknamed "The Farmer". Miaha and González ordered the construction of the fort and the women's detachment organized by La Pacionaria to the front. The women were ready to pour boiling oil through the windows to the rebels. Of Madrid's 25,000 **men, 21,000 fought in the trenches, while the Union of Socialist Youth Unity sent 35,000. The 5th Regiment was formed, the "Paris Commune", the "Madrid Commune", "Leningrad", "Kronstadt Sailors" and other units, which fought in the most difficult sections of the front.

The first head-on clash between the rebels and the Republicans was in the university town, defended by the 11th and 12th International Columns (the former on 8 November and the latter on 17 November, with a total of about 4,000 fighters). The fighting was fierce on the banks of the Manzanares River, with a large number of Italian planes bombing the Republican trenches. At the same time, the air force of the German Condo Corps bombed targets in the city. 50 tanks and more than 100 aircraft of the Soviet Volunteer Army also went into battle. The two sides fought over every metre of land, every trench and every house. The entire university town was destroyed, and the Manzanares River was stained red with blood. Casa de Campo Park was never conquered by the rebels. On November 11, the Republican ** team began a counterattack. On 25 November, the siege of Madrid ended, and the rebel forces were forced to retreat to their place of departure. After a month of fighting, in which a total of 12,000 people died on both sides, mainly rebels, with the support of the left-wing Socialists Negrin, Bayo, La Moneda and others, the government nevertheless adopted some correct revolutionary reforms, such as confiscating the land of the revolutionary enemies and distributing 5.5 million hectares of land and other means of production to 380,000 yeoman and hired peasant households; the transfer of the enterprises abandoned by the owners to the management of the state, thus taking control of the main industrial and transport sectors; The People's Army and the political commissar system were established, and four of the first six regular regiments were created by ** people, of which the 5th Regiment, which was famous in the Battle of Madrid, was the core of the People's Army, with more than 70,000 officers and soldiers from this regiment.

On February 5, 1930, the Italian division launched an attack on Malaga, an important port in southern Spain, and on February 8 entered the city, where the Republicans were pursued to Motril, where several thousand were captured. Mussolini was greatly encouraged by this success, and he believed that a few more successes like Málaga would end the fighting. He sent another division "Litorio" to Spain, ordered by Mario? General Roata led the entire Italian army (30,000 men at the time). The rebels launched a new large-scale offensive near the Jarama Valley, south of Madrid, with the aim of still being Madrid. The battle lasted more than two weeks, and the rebels concentrated 40,000 men (mostly the Foreign Legion) and a large amount of military-technical equipment on a small area, including two German heavy artillery battalions. From 6 to 27 February, the IRA halted the rebel offensive, killing more than 20,000 on both sides, two-thirds of whom were the IRA. Although the rebels suffered defeats, the Battle of the Harama River was a precursor to a more brutal battle.

The rebel forces' next target was Guadalajara, 35 miles north of Madrid, in an attempt to cut off Madrid and Valencia. The battle began on March 8, 1930, with Franco's regular army of 22,000 men under the unified command of General Roata of Italy, with the participation of the German Condo Corps and 30,000 Italian troops. According to the Republican Army, the enemy had a total of 250 tanks, 180 artillery pieces and 70 aircraft. The defenders were 60,000 Republicans, including the 11th and 12th International Brigades and 60-70 Soviet-made tanks. After initially abandoning some positions, the IRA launched a counteroffensive; On March 16-17, the Italians were routed, with the Republicans claiming to have killed 2,000 Italians and wounded 4,000. The fascists were forced to retreat to Carretella, admitting that 500 people were killed, 300 were captured by the Republicans, 1,000 were wounded, and 250 machine guns, 30 artillery pieces and some tanks were lost. The losses of the Republicans were also serious: 5000 people were either killed or wounded, 500 were taken prisoner. The Garibaldi Brigade launched a retaliatory operation in August, capturing Santander.