In the past 1933, the life of the Nationalist Government in Nanjing was very difficult. Although the "peace talks" with the Red Army in the Soviet area were successful, and the two sides basically maintained no major fighting throughout the year, the economy in the area under their rule was in shambles.

What they encountered was deflation, a massive loss of silver in the market, and a sharp depreciation of fiat currency due to counterfeit (crab) banknotes in the market.

Beginning in June 1932, Lin Han began to secretly use counterfeit (crab) banknotes from various countries printed in his own factories through the Soviet District and the agents planted in Shanghai.

The first to start using the dollar, which has weak anti-counterfeiting measures, followed by the yen.

Soon after the crossing, the poor and crazy Hannah and Lin Han began to have the idea of printing fake (crab) banknotes very early. With the level of technology of various countries before World War II, it was not so easy for one country to print another country's banknotes on a large scale flawlessly.

But for Lin Han and Hannah, who are not scientific, with the help of the two of them, it is relatively easy to print banknotes from other countries.

During World War II, the level of anti-counterfeiting of the yen mainly relied on the so-called "unforgeable three-bark". Due to the excellent fiber flexibility of the three-bark skin, the yen can achieve the ultimate in watermark clarity without having to think too much about the balance between watermark clarity and banknote durability. It also makes the yen banknotes yellowish in color, thick and crisp, and with clear watermarks.

But for Lin Han, the Japanese anti-counterfeiting means on paper are not a problem.

First of all, the stencil for printing money was not a problem at all for the two. The two of them, who are accurate to the atomic level, can easily produce a banknote printing template that is not the slightest difference from the original.

(Note: In fact, the anti-counterfeiting degree of the printing template of the yen is not the same.) Fortunately, Japan banned the circulation of the yen in Chinese mainland and Manchukuo, and the military bills and joint reserve bills issued by them on the mainland were even forced to change the banknotes every three months by the counterfeit goods made by the artillery party. ）

As for the issue of the ink formula for printing money. As long as you have patience and debug and prepare little by little, if the time is long enough, you can still get an ink formula with a slight difference in chromaticity and brightness from the original, not to mention that Hannah and Lin Han's ability to check in this area is also far beyond ordinary people's eyes.

As for the "three-bark" of the special paper raw material used to make the yen, foreigners did not know about it in this era, but Lin Han, a traveler, knew it very well - this is still thanks to the countless authors who wrote the Republic of China, and they described the manufacturing process of the yen in detail in their articles. helped Lin Han clear his illiteracy and solve his mystery. The difficulty of paper has also been easily broken.

After June 1932, Lin Han and Hannah began to secretly use the newly printed "German version" of the dollar and yen in China.

In this era, Shanghai Tang, which was divided by the concessions of other countries, was a veritable international metropolis and the first financial center in the Far East. And the size of financial markets such as stocks, gold, and foreign exchange. All of them are ranked first in Asia. Not only is it the world's second-largest futures trading center after Chicago. It is also the world's largest gold spot trading center, the world's second largest diamond spot trading center, and one of the world's three major non-ferrous metal pricing centers. Almost all famous banks and insurance companies from all over the world have settled in Shanghai. Shanghai is also an important source of revenue for the national government and has the reputation of "China's wallet...... At this time, Shanghai was indeed one of the four major cities in the world, alongside London, Paris, and New York, and even surpassed Hong Kong, Tokyo, and Singapore in terms of prosperity and wealth.

At this time, the yen, the British pound, the franc, and the US dollar were basically common currencies in China's coastal cities, and because of their high credit, they were far more reliable and trusted by the common people than the various indiscriminate bills issued by China's warlords and banks.

Therefore, in China at that time, the market holdings of various foreign currencies were astonishingly large. According to a rough survey at the time, there were more than 500 million yen in circulation in China alone, and this was when Japan occupied the three northeastern provinces and the anti-Japanese tide in Kannai was rising. As for the amount of the British pound and the dollar in circulation in the Chinese market, I am afraid it is even higher.

In order to spend this "money" better and more secretly, Lin Han and Hannah used a variety of means and precautions.

First of all, there must be someone in several financial centers in Shanghai to deliver the news, so that the local banks can be alert to the large number of counterfeit (crab) banknotes in the market. As early as 1931, when Hannah's scientific researchers in Germany were still carrying out "technical research" for the development of banknote printing technology, the tackling of key problems in Shanghai had already begun, and the branches and offices opened in Shanghai by major capitalist countries such as Britain, France, the United States, and Japan had staff who were bought off under their "public relations" and could provide feedback and intelligence within the bank at any time.

In June 1932, the first batch of fake dollars "worth five million" was delivered to China, and in July, "worth ten million" holiday dollars also arrived in China. After November, the "qualified" sterling was also printed. Initially, Hannah's gang first used it in small quantities in Shanghai to buy precious metals such as gold and silver, and the market responded well. Neither the banks nor the merchants doubted the authenticity of the banknotes.

However, just in case, Hannah has always hidden a special force of more than 50 people in Shanghai, equipped with Chicago typewriters and sniper rifles as the main weapons, and the individual firepower is extremely powerful, and its mission is only one: once an insider is arrested in the east window when using fake (crab) coins in shopping materials, this special force will be responsible for saving people or extinguishing the mouth. Fortunately, due to the imperceptible differences between the German-made dollar and yen and the genuine banknotes, they were used for almost a year without incidents.

Hannah and Lin Han once asked an appraisal expert to identify the fake (crab) banknotes and genuine banknotes they had printed, and the ten counterfeit banknotes were mixed with ten genuine banknotes, and the appraisal experts looked at them with a magnifying glass for a long time, and they were stunned and could not distinguish them from the printing lines -- in the face of Lin Han and Hannah's "micro-control" ability, there was almost no difference between their self-made banknote printing templates and genuine templates. Atomic-level accuracy can be achieved, and the "error" is only at the atomic level (equal to none). The only way to distinguish it is to put it in the laboratory and use a professional light to irradiate the resolution chromatography to determine the difference. But how can ordinary banks have such sophisticated imitation (crab) pseudo-means.

Just in case, the spies sent by Hannah to Shanghai registered a number of leather bag companies in Shanghai as Americans, and then used the "real money" printed and printed by themselves to hire a group of Chinese compradors, who took turns to scan the goods in various commercial streets and wholesale markets in Shanghai, gold, silver, precious metals, and skin and herbal medicines. Silk cloth. Grain and minerals, almost any commodity is purchased.

Precious metals and minerals were shipped back to Germany for blood transfusions, herbs, silk, cloth, and food for German fighters. In China, internal transactions are carried out to digest and "launder (crab) money". Some were sold to the market, recovered in the form of gold and silver, and shipped back to Germany. Some of them were directly sent to the Jiangxi Red Army as supplies to aid the Communist Party, while others were used to bribe artillery party officials and local warlords, large and small. And by 1933, June. When the Red Army gained Fujian's access to the sea, Hannah's leather bag company in Shanghai used counterfeit money to buy a large amount of grain and medicinal materials, loaded them on ships and turned south, and docked directly at Dongshan Port in Fujian, where they were handed over to the Red Army.

On the other hand, the Red Army in the Jiangxi Soviet District was also a big user of the "German version" of the dollar, yen, and pound. During the siege of Ganzhou, the Red Army was throwing money at large, using the "foreign exchange" provided by Lin Han to buy guns, bullets, and even artillery and shells from the defenders. However, the Red Army was quite disciplined in the use of "foreign exchange", which was basically used to bribe the "defensive general" Commander Ma, and as for the officers and soldiers of the defenders at the bottom, the Red Army mainly used the fiat currency issued by the German "help" to buy weapons and ammunition in the hands of the other side.

The anti-counterfeiting ability of the fiat currency issued by the Nanjing Nationalist Government was even worse than that of the yen, and the paper and printing quality were also poor.

From the second half of 1932 to the first half of 1933, large sums of yen, pounds, and dollars poured into Shanghai, reducing the unemployment rate in Shanghai to a certain extent, promoting the economic prosperity of the Shanghai market, and increasing the tax revenue of the relevant authorities. In order to restore its strength, the military expenditure of the Nanjing Nationalist Government was beaten badly by the Red Army in the Jiangxi Soviet District and countless soldiers were lost, so the financial situation did not go bankrupt, and in addition to the support of Britain and the United States, it was also inseparable from the false prosperity created by the "help" of Hannah and Lin Han.

Of course, knowing that the treasury of the Nationalist Government in Nanjing was full of banknotes made by himself, Hitler asked him to pay the 100,000 Mauser rifles that he sold to Soong Ziwen to "send charcoal in the snow."

These so-called "perfect fake (crab) banknotes" were used until April and May 1933, when two accidents occurred.

At that time, a foreign employee of HSBC found two identical US dollars with the same number when he was out of business to count the currency, and later sued the manager.

"It's all real money!"

The best counterfeit banknote spotter in the bank took the two bills and compared them with other dollars for a long time, and the result was that both of them were genuine, but this was obviously impossible.

Luckily, the manager was in a hurry to get off work for an evening salon and put the matter aside for tomorrow. One of his staff, an undercover agent bribed by the Germans, urgently notified the Germans after work.

When the head of Germany in Shanghai got the news, he took action that night. The special forces ambushed the manager, creating an "accident" in which he died of alcoholism. Due to the sudden death of the person in charge, the warehouse inventory that was scheduled for the next day was also put to rest.

The second accident occurred at the "Paris" bank opened by the French in Shanghai, and a clerk also found two yen with the same number during the checkout and inventory, and reported them to his superiors, but the head of the department at that time did not want to make much trouble after seeing two "fake (crab) bills" that were "more real than the real money", and directly ordered his subordinates to "send them out tomorrow and use them."

So the matter was over, and the "irresponsible" person in charge was lucky to save his life.

Lin Han and Hannah frantically used fake (crab) foreign exchange to hedge shopping in Shanghai, China, because the quality of these fake (crab) coins is so good that they can be used in circulation all over the world. In the end, users all over the world will bear the disaster of "quantitative easing" caused by this "indiscriminate issuance of currency", and the damage to the Nanjing Nationalist Government will not be great.

What really dealt a fatal blow to the finances of the Nationalist Government in Nanjing was that in February of that year, the President of Ghana announced that the United States would abandon the gold standard, and in July of that year, the President of Ghana announced an increase in the purchase price of silver, and in October he announced a bill to purchase silver, that is, to raise the price of silver, prohibit the export of silver, and stipulate that silver should account for a quarter of the gold and silver reserves of the United States. This series of policy changes is governed by the US silver policy. International silver prices rose sharply.

And at this fateful moment. Much of the silver circulating in the Chinese market had been lost as a result of the frenzied buying frenzy of Lin Han and Hannah over the past year, which Lin Han himself estimated was less than a year from the second half of 1932 to June 1933. They received more than 150 million silver dollars in Shanghai and elsewhere in China.

These silver dollars. A small part of it was directly exchanged in the form of "printed foreign currency" at various financial institutions in Shanghai. More often than not, it is the purchase of materials and the "laundering" of reselling turnover -- anyway, those "foreign exchange" are all paper, zero-cost business. Even if it is reselling at a loss, it is how much you sell, how much you make.

In the process, the Red Army received a large number of urgently needed materials such as grain, cotton, and medicinal materials that were "given away for nothing" for no money, and the Germans received "free" minerals and precious metals, and as for the losses, the whole world was responsible for them -- in a sense, this can be regarded as a kind of crisis transfer.

The consequence of this is that at the beginning of the Nanjing Nationalist Government, in the midst of the global economic crisis, there was a "small and fake prosperity" on China's side, and after a period of prosperity, there was a shortage of money due to the loss of a large number of banks in the market. And at this critical moment, the Americans' behavior of raising the price of silver has sprinkled salt on the wounds of the Nationalist Government in Nanking -- China is not a silver-producing country.

Lin Han's killing of Roosevelt at Rocky Rock did not prevent the emergence of Roosevelt's New Deal, but instead became the renamed Ghana New Deal, which appeared in the United States almost exactly after the President of Ghana took office.

However, there is one bill, but because of Lin Han's history of interference, it is several months ahead of history.

That is the famous Silver Acquisition Act.

The Great Depression of 1929 hit silver producers severely, and the price of silver fell sharply, from 58 cents per ounce in 1928 to 38 cents in 1930, and to 25 cents in the second half of 1932.

Under these circumstances, the American silver group immediately launched lobbying activities to raise the price of silver, such as convening international conferences, demanding that the government buy and reserve silver at above-market prices, and minting and issuing silver coins, but these lobbying activities did not achieve much success during President Hoover's tenure. And most of the members of this group of silver cliques who lobbied the president to raise the price of white are people from the South of the United States.

Historically, the United States did not pass the Silver Acquisition Act until June 1934.

And this plane, the newly appointed President of the United States, John Brown. Ghana is a "red neck" born in the south. As a southerner, he was already closely connected with the silver group, and he strongly advocated raising the price of silver to protect the interests of the silver group in the south.

The impact of the Silver Act on China was enormous, and China was the only country in the world to use the silver standard at the time. After the signing of the Silver Acquisition Act, the exchange rate of the Chinese currency against the US dollar rose sharply, and each ounce of silver could be exchanged for three times the purchasing power of the US dollar, that is, three times the US dollar could be exchanged for the same value of the Chinese currency. Residents of the United States and other parts of the world suddenly felt that Chinese goods were expensive, and the Chinese people, on the contrary, were happy to consume foreign goods, and foreign imports became more "cheap." With most of China's goods no longer export-competitive, the only commodity that could be exported at the time was silver, and the Nationalist government was forced to carry out currency reforms a year later, forcing it to abandon the traditional silver standard.

In 1933, because of the impact of the rising price of silver, the Nanjing Nationalist Government was used by Lin Han and Hannah to take away a large amount of precious metals with fake foreign currency, but the wounds in these two places had just been opened, and no obvious damage could be seen in the short term, and the situation would not have been so severe immediately. What is really fatal is the artificial proliferation of "fiat currency".

When Lin Han and Hannah used "foreign exchange" to sweep goods in Shanghai, they did not dare to be overly unscrupulous because they were worried about the attention of the governments of various countries. In addition, the quality of these "artificial foreign exchange" is good enough to be fake and real, and it can be circulated all over the world, and the loss of inflation caused by it is also borne by the whole world, and the impact is not great. What is really fatal is the artificial issuance of fiat currency.

As early as 1931, when Chang Kaishen was still alive, his subordinates had launched an economic war against the Soviet area to print "border area currency". And after Chang Kaishen was finished and Song Ziwen came to power, they did not stop similar actions. It was not until Lin Han sent advanced printing equipment into the Soviet area and designed high-quality anti-counterfeiting banknote printing templates for the Red Army that the artillery party failed to restrain its counterfeit (crab) currency offensive due to technical limitations.

In the face of the artillery party's pseudo (crab) money offensive, the Red Army in the Soviet area, which had the support of Lin Han, also decided to retaliate with a tooth for a tooth, and in turn returned the color to the artillery party. (To be continued......)