What a tirade.

Combined with the recital, Liu Xian was able to understand what kind of problems had gone wrong with Japan's finances.

First of all, the little devils don't have enough real money in their hands. Currency issuance is too inflated.

Second, the financial burden of the little devils is too great, and the old feudal debts of 80 million yuan, as well as the new feudal debts that I don't know how much the total amount is, are really too small a country in Japan to hurt.

Third, the Japanese War of the Year defeated the authority of the Japanese government, which happened to give the Southwest Domain the first day, and also made the political instability of Japan even worse. And the political instability dìng for an oriental country, the economy must be greatly affected.

Fourth, the excessively high currency issuance has led to private inflation, a large outflow of gold and silver, a chaotic ratio of positive currency and paper money, and the development of modern and modern industries in Japan's government-run and private sectors has not gone smoothly. Japan's tariffs were not autonomous, and its finances were under the influence of the British, French, and American powers, making it extremely difficult to put paper money in order.

In the end, the Japanese Civil War began, and the transportation of materials was not smooth, and the panic of the people would be further intensified. At least the problem of Missau under the Tokyo government is unsolvable.

In this case, there are too many opportunities for Japan's financial markets. Huaxia Bank and the Ministry of Finance used at least 5 million taels of silver, that is, about 7 million Japanese currency, to intentionally and unintentionally impact the Japanese government's financial system, and there is indeed a good chance of winning. Although how to impact, let Lu Lun explain, Liu Xian still didn't understand what he heard.

Anyway, it is to suppress the creditworthiness of the yen, which is not high.

Liu Xian is very direct about the results. "As long as the yen system can collapse, it will be worth filling in all this silver." But he knows better. If the yen system can really give millions of taels of silver, it will only be a piece of cake for the Ministry of Finance and Huaxia Bank to recover their investment from Japan. It's easy to make a lot of money.

However, if you look at the situation in Japan, you can think about China today.

Daqin has been established for more than two years. Every year, large sums of money are used to buy machinery and materials from outside, although the ban on the opium and chip trade and the rapid development of foreign trade have made the amount of China's exports not only not decrease because of the war, but has increased year by year. But the deficit between imports and exports is still frightening!

In other words, China is now losing a lot of gold and silver. Britain, France, the United States, Germany and other countries will not accept Chinese dollars.

"Japan's loss is also China's loss. The outflow of a large amount of gold and silver, although it was a last resort, also frightened me. Fortunately, behind my Chinese heritage, gold and silver are in hand, which is not the same as Japan. But the outflow of gold and silver was a curse after all. Both of them are our economic masters. Is there a solution to this dilemma? ”

Now that he has said this, Liu Xian also asked this difficult question that has been a headache for him for a long time. How can we not affect industrial construction while also guaranteeing the outflow of silver?

Although Daqin called on the common people and merchants not to stock precious metals every day, the hidden wealth of the entire people was a truly astronomical amount. Now it is not 1949 in the original time and space, and the whole of China is poor jingling.

In today's China, there are countless gold and silver stores in the people.

"Your Majesty, the old minister and Lord Lu have discussed this matter many times and have a little experience. I was going to report to the emperor after pondering the clarity, but since the emperor asked about it today, the old minister listened to the emperor. ”

The outflow of gold and silver is not only discussed in the Great Qin Dynasty, but also many people know about it. Ta Kung Pao reported it at the beginning of the year. Four consecutive issues of special issues lasted for more than half a year.

Because of this repayment, at least 10 financial and business newspapers have been spawned throughout China. How many years later. Among them, the newspapers that have survived for generations are not weaker than Ta Kung Pao. That's all for later.

"The old minister thinks that the strategy of multiplying gold and silver is very inappropriate to apply to the mainland. It should be applied overseas. Direct import of bills, to be protected. in order to absorb overseas gold and silver into our country. Lao Chen thought that the Ministry of Industry and Commerce could take the lead, and the overseas bill system implemented by Huaxia Bank would play a greater role in absorbing positive currency. ”

Yan Jingming's dictation was not something he could come up with alone, it was the result of collective efforts. Yan Jingming believes that the measures that can be taken are that the government first spends the financial funds in the country with real money and silver, and lends them to the exporters as a guarantee for the goods they export, and then when the exporters are recovered, the foreign currency is directly returned to the state treasury, increasing the foreign currency reserves of the state treasury, and paying the exporters an equal amount of Chinese yuan accordingly.

However, in order to accurately implement such a plan, the Cabinet, the Ministry of Industry and Commerce, Huaxia Bank and other relevant departments should set up consulates and related institutions in London, New York, Lyon, Hamburg and other major seaport cities in the world, and it is necessary to strengthen the supervision of international currency exchange affairs. We will improve the regulations for handling foreign bills and further strengthen the management of foreign exchange. In addition, Huaxia Bank can also buy hard currencies such as gold and silver to expand its gold, silver and foreign exchange reserves.

Finally, Huaxia Bank should issue a certain amount of convertible huàn bank notes, but it should take corresponding countermeasures. The implementation of strong control over the exchange of gold and silver coins can be carried out at the bank under certain circumstances, but there will be no large outflow.

Liu Xian clapped his hands and applauded loudly. The method in Yan Jingming's mouth still needs to be comprehensive and perfect, but it is indeed a clever trick. Foreign exchange is directly attributed to the national treasury, which can directly reduce the gold and silver expenditure when trading large amounts of foreign goods.

Yan Jingming and Lu Lun left. Liu Xian was still thinking about the question just now. The Ministry of Finance and Huaxia Bank have done a very decent job of Japan's economic war strategy, but the West has not been bright in the East, and they have come up with a clever hand to solve the problem of domestic gold and silver outflow.

……

Time passed little by little, and soon entered the wax moon.

There was another heavy snowfall in the north, and the snow in Beijing was more than a foot thick. The weather in northern Jin is even colder.

In the northwest direction of Daihai, hills and low mountains are undulating, and there is no end in sight. Between the hills and low mountains, there is a small alluvial plain from time to time, which is the typical terrain of the junction zone between Shanxi and Inner Mongolia in northern Shanxi.

The Bank of Communications of China, which is in the pipeline, has drawn a line between these hills, low mountains and plains, perhaps in five years, or ten years, and a wide highway will be hidden in the middle, which will be one of the main routes connecting Mongolia and North China.

But now it's still a barren place. Snow covered the land, warming it down a little as the battle raged hot. But soon there will be a lot of mingling here.

The only descendant army of the Manchu Qing Dynasty is very likely to become a thing of the past in this land!

Sheepfold is a small town, the town is mixed with Han and Mongolian, the population is not large, the permanent population is only 1,000 people. Two-thirds of them have fled Shanxi in the past two years.

Daihai was one of the four major aquatic bases in China in later generations. It is a subsidence basin of the earth's crust, with Matou Mountain in the south, and Manhan Mountain Gongwei in the north, which is about 50 miles long from east to west, and about 40 miles wide from north to south, and is a typical inland saltwater structure lake.

The two-year drought in North China did not pose a threat here, the nomadic land with abundant water and grass around it, every spring, summer and autumn, is still green grass, cattle and sheep are everywhere, mandarin ducks play in the water on the lake, and the wild geese are flocked, which can be called the pearl outside the plug.

The Mongols graze, the Han people cleared the land more heavily, and tens of thousands of Han people lived in this small mountain plain.

The flames of war burned and posed a great threat not only to the Han Chinese, but also to the Mongols. The Qing army plundered cattle, sheep and horses, robbed grain, and also pulled strong men, and the Meng and Han dynasties were not lightly harmed.

Of course, the Mongols did not have a good impression of the Qin army at the beginning, but now that the war has progressed, the Qing army has died by itself, and the local Mongols have been driven to the side of the Qin army little by little. At least the Qin army did not loot, bought and sold money, and also gave relief to refugees, and at the same time, the field hospitals also sent doctors to treat the herdsmen.

When the two sides are compared, the Eight Banners are too useless.

The Qin army in the sheepfold was evacuating the Mongol and Han residents of the town while waiting for the arrival of the follow-up troops. They were an assault force of two brigades together, taking advantage of the heavy snow to rush to the left flank of the Qing army and establish a defensive position at the sheepfold bend. However, most of the soldiers carried light weapons, and their firepower was insufficient. If the Qing army had killed before the follow-up troops arrived, the Qin army in the town would have been enough.

The artillery observed that the balloon rose to a height of more than 20 meters, and fortunately, the wind was much lighter in the past few days after the snow stopped.

A day had passed, and before the follow-up troops could feel it, the observers in the hot air balloon baskets issued an alarm signal: a troop movement had been detected in the southeast.

The Qing army found the Qin troops here and rushed over to drive them away or eliminate them.

However, the Qin army also thought about the situation of the Qing army too well. The Manchu Qing Dynasty, which had no ability to manufacture arms by itself, fought with the Qin army for half a year, and was defeated several times, and then was able to resist the Qin army in northern Jin Province only because the Qin army was limited in number, and it was really difficult to send military supplies from Beijing and Tianjin to northern Jin thousands of miles away.

In the past few months, more than half of the Qin army has continued to have munitions and materials, and it is a vigorous offensive battle.

Just in terms of merit, Zhao Tonglu's call to Shanxi from Henan is greater than that of the Zhou army.

At present, there are two or three thousand Qing troops killed, but there are no artillery at all. Some of the soldiers didn't even have much ammunition left.

The only foreign aid the Manchus had at present was the Russians on the Kyakhta side. But the Russians have been fighting Turkey for two years, and they really can't afford to intervene in the war in the east. The only force they have at their disposal is preparing to commit to Afghanistan.

The strength of the latter Afghan army is still there, and the Afghan people are fierce and the terrain is complicated, and the hope of investing limited forces here can be greater and greater than handing this strength to the east to die.

Ten seconds later, an 80 mm mortar shell fell from the air to the ground, and because of the distance, most of the artillery officers did not actually see any flash of explosion, but the balloon observers did observe the explosion of the shell.

"Near-missed! Easterly! The error is 100 meters! The marching column of the Qing army is changing! ”

"Fix the ballistics!"

The mortar command officer gave the order to refire expressionlessly, and half a minute later, another 80-mm medium mortar shell fell to the ground. This time, the shell missed and directly hit the Qing army's columns, causing some casualties to the Qing army...... (To be continued......)