Chapter 328: Issuing Debts and Scraping the Land! The dollar plummeted!

Chase, the Minister of Finance, what he's going to do now, he knows for himself, it's bullshit, it's wrong, but he still has to do it!

So why exactly?

This is because before, he Chase mistakenly ate a batch of aluminum, a total of 112 tons!

Needless to say, this batch of aluminum is definitely legendary, and they have experienced a lot.

To put it simply, Chase, the Minister of Finance, has to do his job, and the main thing in his job is to find military spending for the United States, that is, real money.

Yes, Chase is looking for real money, and then using real money as collateral, and using this thing to issue Treasury bonds, that is, the kind of green paper with his face on it.

Well, when Chase's old partner, the well-known Wall Street banker JP Morgan, told him that there was now a batch of aluminum in very good condition...... Yes, the aluminum fineness of the point solution is old B...... The source of this batch of aluminum is very OK, a total of 112 tons, but we people on Wall Street can't eat it, but this business is very good, this 112 tons of aluminum can be used as 100 tons, that is, 300 tons of gold, do you have any interest in the Ministry of Finance? How's the deal?

Good deal!

It's really a good deal, you can make at least 12 tons of aluminum, and that's 36 tons of gold, which is a lot of money, so why not do it?

The most special thing is that if you do this now, you are a white wolf with empty gloves!

The reason is simple, actually. The government of the United States also did not have much gold. They've been borrowing. The issuance is a treasury bond.

So now, it is to use the way of borrowing, convert it into dollars, and then take this aluminum, and this is the first step, the second step, that is, to give this batch of aluminum.

Where to shoot?

France!

The world knows that Napoleon III was fond of aluminium, and the highest French medal is the Aluminium Order. So isn't this a trade with the French?

And ah, the French are rich.

Maybe Napoleon didn't make much contribution to the development of the whole society in France, but the French are really rich, and they are now rich in Europe, because of the French Revolution, which made the whole French society really move forward a lot, stimulated the subjective initiative of almost all strata in France, and greatly improved the social productivity of France.

Otherwise, it would be as strange as Napoleon III. As long as the Pope had something to do, he went out to teach others, and even went on an expedition to Mexico. How can he continue to be such an emperor, and how can the people of the lower classes still support him.

The French now have money, which is not running, and the relations between the United States of America and France are still good, so this deal ......

Aluminum is worthless!

Boom, the aluminium fell to the floor, and when Chase took the aluminum, and then went to the ambassador of France, and then the ambassador of France was contacting his own emperor, and the boat went back and forth in the Atlantic......

When the news of the sharp drop in aluminum prices reached Chase's ears, this old salmon sat on the ground all of a sudden!

It fell too hard, and the price of aluminum at that time was less than one-third of what it was before, and it continued to go down, it seems that someone is constantly selling aluminum in the international market, a large amount of aluminum!

This one is over, this one is too bad, and Chase is not a fool, he immediately realized who was cheating on him.

That's right, there must be something wrong with this deal, but Chase didn't say that after the aluminum deal was successful, he had an extra estate in New York......

Don't worry about the details!

You JP. Morgan is a bastard, you Morgan family bastard, spit out Lao Tzu's money!

As a high-ranking government official with real power, Chase has the right and strength, and he is cheated to hunt down his people to death, which is also okay, don't think that the government's money can be cheated casually, several monarchs in Europe have killed their creditors in the past, and they are in the name of very justice, and, but not ......

"Why fight and kill?"

"We have a solution, and we've always had it."

"Also, what do you think of the Boston house? One set doesn't work two, think about it......"

Not only the Morgan family, but also many people on Wall Street have come out, and those who have good personal relations with Chase, and those who have bad personal relations have come out to speak.

Yes, you must know that this involves hundreds of millions of dollars, and there is also the use of leverage, and everyone on Wall Street is involved, who wants to jump off a building?

So many people came out to speak, the rich, the poor, the respectable, the bastard...... Anyway, there are all kinds of characters, so Chase can't parry.

The key is that he can't help but give face to these individuals, because he borrowed money before, issued US dollar treasury bonds, and he is a finance minister for these things, and he has no finance minister of the central bank, what can he do? He has always relied on these individuals.

"So, what's the solution to this?" Chase asked.

"Issue more dollar Treasuries!" Morgan replied.

Hey, yes, just a question and an answer, simply, the next monetary policy was set, which caused the current situation!

In fact, after getting that money, which was the money Chase bought for 100 tons of aluminum, this guy Morgan didn't say a word, it should be said that the people on Wall Street didn't say a word, they used their own banking system to buy a lot of gold!

This is a key point, because the dollar is also a debt at this time, and this debt is in your own hands, so you have to take advantage of the depreciation of this debt...... Because it's obvious that it's going to depreciate right away, and that's what they did...... The massive rush to buy gold minimizes the impact of the bond's depreciation.

This is nearly 200 million US dollar bonds, because the US dollar is higher than the gold franc, of course, because the amount of investment is relatively large, so the price of gold has risen, and the dollar has begun to become worthless.

But. Chase immediately agreed to issue more dollar Treasury bonds!

He had to do it. Because of this. in order to recover the previous losses...... To put it simply, it is to pass this loss on to the people, not to the government, because it is obvious that this national debt will depreciate very quickly...... But there is no way, the country is now at war, fighting a big war, and needs money. Supplies needed!

Then, at this time, the amount of extra money issued, that is, the US dollar treasury bonds, is at least 500 million, because the current aluminum price is less than one-third of the previous one, and it will be necessary to pay twice as much money to make up for this hole.

Now, because it is winter and the weather is cold, Washington currently has 300,000 troops, and there may be more soldiers in the future. These soldiers need to at least change their outfits, right? At least give them a rifle, right? At least more coal, right?

So, Chase had no other choice. He can only add fuel to the fire, and he can only issue more government bonds.

To put it bluntly, this is robbing the common people, and let the people of the United States of America pay for it, because these newly issued treasury bonds will be turned into materials as quickly as possible, that is, they will scrape the ground fiercely!

Everyone knows that the dollar will collapse in the future!

The reason why this is so is to fight!

It's just that this plunge has actually begun, especially in Washington, where it is particularly obvious, and in addition, the entire East is now full of rumors!

"Prices are skyrocketing! The people have no means of making a living! What the hell was Lincoln doing? ”

"Is the end of the United States come? Anyway, everyone's life can't go on! ”

"That monster of the empire arrived outside of Washington, and as soon as he came, prices skyrocketed!"

Monster, naturally, Li Mengyang is talking about, but the American newspaper may have forgotten about France.

"The monsters of Corsica have landed."

"The madman is suppressing the masses."

"Mr. Colonel has put down the rebellion!"

"Your Excellency the General surrounds Versailles!"

"Great heroes have entered the ...... of Paris"

These newspaper headlines are all about Napoleon......

These messages could not hurt Li Mengyang, and the empire announced very early on that their American dollar was no longer pegged to the dollar, and we now only accept the exchange of real money and silver.

And these rumors, on the contrary, made the eastern people of the United States panic, and everyone had no confidence in the dollar, which accelerated the decline of the dollar.

So, in such a situation, should Chase, the secretary of finance, issue more dollar treasury bonds?

"......" thought about it for a long time, and Lincoln finally signed it......

Washington's affairs are naturally bullshit, but in the south, there are also some things that make several ladies quarrel.

"Nancy! You promised us to help us find the emperor! ”

"Yes, I promised you! But you have to give my horses a rest, too! And the wheels of the car have to be repaired, and God, we seem to have traveled tens of thousands of miles lately! ”

On the dirt road in Virginia, a Cornesto caravan was parked in the middle of the road, and the one who drove the car was naturally Nancy, who quarreled with her...... It's still two guys in rough suits, but they look more refreshed now.

"We've given you money!" The guy named 'Ellie' looked unhappy.

"Yes! You gave me the money, and then you asked Nancy to do this, and you wanted Nancy to do that, and I said two young ladies, what else do you want Nancy to do? Is it to wash your ** or to make the sheets for you? Why don't you want to make some fancy cakes that I've never seen before? Nancy was still like that, with a lot of stains on her face and even more on her dress.

"......" 'Eri's face is not good-looking, but now this place, there is no village in front of the village, there is no store in the back, and she can only rely on this Nancy, "Okay, we apologize." ”

"Ellie!" Of course, the 'Mr. Chesnat' next to him was not happy.

Eri had no choice but to appease his friend, and then said to Nancy, "Of course we have to give you time to fix the car, but Miss Nancy, you know, the sooner we meet the Emperor, the more money we will get, understand?" ”

“OK! My esteemed miss, haha, soon, I'll be on the road in a few clicks. Nancy's face bloomed with a smile like a flower.

Well, this Ellie, naturally, is Eleanor, and Chesnat is naturally her best friend, Mary. Chesnat ...... (To be continued......)

PS: Ask for support! Black car bye-bye!