John Pierpont Morgan Jr., the head of the Morgan Group at this time, is also the absolute leader of the banking and financial industry in the United States, how much wealth the Morgan family has, no one can say, many later generations are talking about the Rothschild family, saying that this family is superb, as if the whole world is in their hands, mainly because of a very good selling "Currency War", in fact, in the real world, although this family is indeed a financial predator, but it has not yet reached the point of dominating the rivers and lakes, The glory days of this family were actually before the First World War, because the family's main wealth was in Europe, and the war destroyed everything, so that the family's strength declined rapidly. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

In the world financial world after World War I, the real first brother is Morgan, and not only in the financial industry, in the real industry, Morgan is also a brother, in the heyday of Morgan, even controlled three-fifths of the steel production in the United States, and also created the world's first industrial company with assets of more than one billion dollars.

At this time, Morgan was drinking coffee in his office, looking at the ant-like crowd under the skyscraper, he enjoyed the view very much, he looked at the time, he had already started trading, he felt the feeling of countless money coming in and out, he was a little addicted.

"Old .. Boss!! There was a sudden knock at the door, and the anxiety and impatience contained in the knock made him extremely unhappy, and he glared at his door and said, "Come in!" What's wrong? The sky can't fall! ”

The door opened and came in was his bank manager, who immediately came in and said, "Mr. Morgan, something is wrong, I don't know whose handiwork, now a large number of yen is being sold, and the central parity of the yen against the dollar has fallen by almost ten points." ”

Morgan listened and said indifferently, "It's just ten basis points, what kind of drop is this, Japan has some contradictions with us, probably which small company sees that there may be some benefits in it, nothing, how can you get it?" Are you impatient about such a small thing? I see you are going back the more you live! ”

The manager hurriedly said, "No! No! It's not a 10-point drop in basis points, it's a 10-point drop in percentages, and before trading started in the morning, the yen was about 437 yen to $100 per dollar, and now it's more than 470 yen, and it's still falling rapidly! ”

"What ???" Morgan jumped up suddenly, this is a currency exchange rate, not something else, where will there be such a decline, he also understands that there is a big problem here, how is the currency exchange rate formed, different periods have different situations, according to the international monetary system generally has a fixed exchange rate and a floating exchange rate difference, of which the fixed exchange rate, as the name suggests, is the exchange rate around a relatively fixed parity of the upper and lower limits of the range. When the exchange rate rises or falls to the upper or lower limit, the government's central bank takes measures to keep the exchange rate unchanged. During the gold standard, the exchange rates of most countries in the world fluctuated according to a fixed exchange rate, but with the collapse of the gold standard and the beginning of World War I, many countries could not take out so much gold, so they could only abandon the fixed exchange rate and change to a floating exchange rate.

A floating exchange rate means that the exchange rate between a country's currency and other currencies does not fluctuate at an upper or lower limit, and is determined by the supply and demand in the foreign exchange market. This approach is much less stressful for countries and does not require as much hard currency to prepare, which has historically been adopted by most countries when the US-led Bretton Woods system collapsed.

And now Japan due to the serious shortage of trade to make ends meet, but also gave up the fixed exchange rate, and adopted the method of floating exchange rate, which also made the yen in just a few years of exchange rate fell a lot, but only fell by about 40%, and it took five or six years, but now, less than an hour, it fell by 10%, what this means, everyone knows.

Morgan immediately picked up the phone and called, and after a while, the phone was connected, and Morgan smiled and said, "Oh, it's me, Morgan, Rockefeller, are you okay?" Okay, we can have a taste together, I just want to ask, did you do the yen today? What the? You're looking into this too... Okay, let me know if there's any news. ”

After Morgan put down the phone, the phone rang, Morgan frowned, picked up the phone and said, "Hey, yes, I'm Morgan, oh, it's DuPont, yes, it's not me!" I'm also looking to see who is doing this, and I don't know which of our old buddies is too much, and he doesn't say hello to us, so we are very passive! Right! Right! My opinion... We are a bank, people want to exchange currency, can we not give it to others? Besides, shouldn't the monkeys be the most anxious right now? ”

With that, Morgan put down the phone, frowned and stood up, he walked to the window, looked at the crowd outside and said, "Go check immediately, who is doing the hedging, and in addition, inquire about the action on the Japanese side, the action here is so big, it won't end like this." ”

It is indeed not over, and countless people have emerged from all over the United States, these people are holding stacks of yen, flocking to the bank crazy to ask for exchange for dollars or pounds, looking at the yen that flashes like waste paper, all the bank staff are stunned, and the police also began to maintain order for the first time, many banks immediately verified these yen, and were surprised to find that these yen are actually real, looking at the exchange rate card of the dollar and the yen is constantly renewed, everyone knows, The sooner you convert to dollars, the more you earn, and God knows how far this exchange rate will fall.

Morgan's gloomy face walked outside the building, and when he saw this crazy scene, he said angrily and laughing, "Quick! Contact the Bank of Japan and ask these bastards if they will take the offer, and if they don't, we Morgan will refuse to exchange the yen for the dollar! ”

This is not a joke, if the major banks in the United States refuse to recognize the yen, then the yen will really become waste paper overnight, after all, the United States really uses the dollar, Morgan is also a little worried, for fear that there is a Japanese government behind the ghost, after all, no matter how you look at it, such a big scene is not a small financial institution can handle.

Morgan pushed away countless yen-waving hands and walked back upstairs.

At this time, Tokyo had just fallen asleep, and Hideki Tojo received a call when he was about to go to bed, he took the phone and listened to it, and was suddenly frightened by the words on the phone, and hurriedly changed his clothes and came to the palace.

In the conference room, people kept coming in and out, and a huge sign hung on the wall, which was an exchange rate, which was constantly being refreshed.

510,511,510,511,512, such a quickly provoked number made everyone gasp for breath, usually this exchange rate can change a few cents is already powerful, but now it is jumping piece by piece.

"It's 10:27 New York time, guys, on the wall is the exchange rate of the yen and the dollar jumping in real time on Wall Street in the United States, do you have anything to say?" Hirohito's face was extremely ugly and a little gray.

The Minister of Finance, Kaya Konobu, immediately said, "This is war!" It's a war of finance! The foreign exchange that the people of the whole country had earned by cutting back on food and clothing was wiped out overnight, and now we must act to stop letting the yen fall like this! The empire's foreign exchange is not much, and with such an attack, as long as it is two o'clock in the afternoon New York time, the empire's foreign exchange may be completely consumed! And that's while we're losing ground! ”

"Smack!" Hideki Tojo was the first to get angry and said, "What the hell is going on?" Although I don't know much about economics, I also know that the premise of this is that the other party has a large amount of yen, and the other party does this? ”

He Ya Xingxuan said, "We have asked the major banks in various countries, and there have indeed been acts of borrowing yen recently, but the amount is definitely not up to the current level, and what is even more strange is that a large number of yen banknotes have appeared in the United States, and the embassy people urgently went out to get some to verify the authenticity, and found that... It's all true! Or, it's counterfeit like our real money! ”

"Suck!" Everyone gasped, if there was really a force to forge the same holiday dollar as the real yen, then the Japanese yen could basically be sentenced to death, and if they had a choice, they would rather these were real currencies.

"Choose, gentlemen, whether to hold on and fight to the end, or give up the fight and keep our current foreign exchange reserves!" He Wu Xingxuan stood up and bowed his head and said.

Everyone stared at the front quietly, even Hideki Tojo didn't dare to say anything easily, the economy determines everything, and the risk in this is too great.

Hirohito looked at Hideki Tojo and said, "What is the Prime Minister's opinion?" ”

Tojo trembled, and he said bitterly in his heart, "Your Majesty! Ladies and gentlemen! No matter who the other party is, it is certain that the other party has the greatest malice towards the empire, and his purpose must be to make the empire's currency completely turn into waste paper, if this is the case, I think the other party must not be allowed to succeed! Even if you lose! We're going to lose until the last minute! And, we don't necessarily have to lose! ”

As he spoke, Hideki Tojo looked at Koya and asked, "Is there anything else you can do?" ”

He Wu Xingxuan thought for a while and said, "Foreign exchange war is a real gun, to see who has more money and more currency, and the only solution now is to get enough foreign exchange and fight hard!" See who makes it to the end! ”

"Then let's fight it!" Hideki Tojo shouted, "Most of our foreign exchange is used for trading with the United States, and now that the United States is suppressing us more and more, I don't think we need too much, and I suspect that the United States is the devil in this matter!" ”

Hirohito looked at Hideki Tojo and nodded slowly.

-- Washington, D.C., U.S.A

The frantic war on the yen continues, and now everyone knows that the yen is being frantically blocked by a force, and there are long queues in banks everywhere, all of whom are exchanging the yen for dollars, some spontaneously and some employed.

Roosevelt watched all this in the car, shook his head and said, "I feel like I'm back in 1929, and I haven't found out who is behind everything?" ”

Hull next to him said, "Hoover and others are already investigating, but the people behind the scenes have already been prepared, and they are very well hidden, and the people who are caught now are all using this money to do things, and they themselves don't know who they are working for, they are all orders obtained by phone, in addition, we don't have any evidence of the other party's violation of the law now, so there is no way to arrest people on a large scale." ”

Roosevelt smiled and said, "No matter who it is, I think, Japan's economy is going to go back ten years, you say, does the Japanese government that has no money dare to go to war?" ”

Hull said with a smile, "Modern warfare is about money, and without money, you don't even have to eat, let alone war." ”

Roosevelt smiled and lowered the curtains in the car, waved his hand, and motioned to drive.

-- Wall Street

“589！ 590！！ It's broken through five hundred and ninety!! Wow, that's crazy! "Countless people on Wall Street who don't think it's a big deal to see the excitement are screaming frantically, and there are even more traders who don't know how many traders have joined the crowd of stepping on the yen, capital is bloody and dirty, they won't care if it goes on like this, they will ruin a country, they will only care if it goes on like this, they will make a fortune!

Of course, there are those who have made a fortune, and there are also those who have jumped off the building, and in just one morning, more than a dozen financial elites have jumped from the roof, and they are all people who have bought a large amount of yen in their hands.

At 12 noon, the yen was stuck at 593, and at this time, someone noticed that the stock began to rise.

"Stocks! Stocks are up !! ”

"Futures! Futures also rose!! ”

Wall Street is like a holiday, in addition to the rapid decline of the yen, gold, futures, stocks have risen rapidly since the afternoon, Wall Street is completely boiling, what they don't know is that at this time Morgan, Rockefeller and other consortiums have also begun to enter, hot money needs a place to invest, the crazy fall of the yen, then it is bound to make some investment channels rise, just like the dollar fell in later generations, gold rose, the stock market fell, housing prices rose, is a truth.

On April 6, 1942, which was an extremely important day in the history of finance for later generations, it was called the day of disaster and the day of reckoning in Japan, and the carnival by others.

On this day, the streets of Tokyo are not the same as in the past, I don't know who it is, I lost a bag of money last night and threw it outside the doors of each house, the bag is the same as a brick, each house is 10,000 yen, this is a lot of money, many people get up in the morning and see this bag of money, some immediately hide it, and some people laugh madly, thinking that it is a gift from the gods, and many people take the money and are ready to go to the police station to hand it in, and some people are ready to go to the bank to deposit it first.

But when they went out, they found the streets full of people with this bag of money, and just as they were feeling strange, a word spread like a tornado.