The Japanese army soon found that the Russian army deployed on the Russian-North Korean border retreated on all fronts, and most of the Russian troops withdrew to the line of Vladivostok and Ussuriysk, because only in this area, the Russian army would not be outflanked by the Japanese army that suddenly landed from behind, and the Japanese 2nd, 5th, and 9th divisions deployed on the Korean border quickly crossed the lower reaches of the Tumen River and advanced to the northeast, easily occupying Kraskino, the Russian army did not deploy much troops here at all, but in Slavyanka, the Japanese army was met with stubborn resistance from the Russian army, The Russian army has a division of troops here, and there is no shortage of weapons, equipment and ammunition, and the Japanese army will have to make a lot of effort to break through here.

The Japanese and the Russian army fought to the death in Slavyanka, and a division of the Russian army was already deployed here and built a large number of fortifications, which made it difficult for the Japanese army to overcome.

And in the north, due to the terrain, basically there is no danger to defend, the Japanese army quickly broke through to the vicinity of Vladivostok, and started a big battle with the Russian army on the outskirts of Vladivostok, both sides suffered heavy casualties, the Japanese army tried to attack Vladivostok from the sea, but the Russian army had already made a deployment here, the port of Vladivostok was covered with mines, and the fleet could not approach at all without a familiar waterway map, and the Japanese fleet sank several ships here several times in a row, and in the absence of a correct channel map, the Japanese had to give up the plan to attack Vladivostok from the sea, so as to strengthen the offensive on the ground, but Tsarist Russia has been operating in Vladivostok for many years, not only in Vladivostok sufficient supplies, but also built a large number of fortresses", the Japanese army just attacked the suburbs of Vladivostok suffered a large number of casualties, in just one week, the Japanese army suffered more than 10,000 casualties but did not capture the fortress on the outskirts of Vladivostok. For a time, the war was at a stalemate.

On August 17, the Russian army attacked German East Prussia with superior forces on the Eastern Front in Europe. Hindenburg, the commander of the German Eastern Front, immediately increased the strength of the Eastern Front and withstood the fierce attack of the Russian army with the Eighth Group. The two new group armies were divided into two to attack the two flanks of the Russian army, and the Russian army was taken by surprise, the defense lines on both flanks collapsed one after another, and the fighting continued, but the current situation of the Russian army is very bad.

At this time, the German army on the Western Front in Europe had advanced to the border between Belgium and France, because the German army came too quickly, the British and French troops did not have time to fully transport to the border line, the German army seized the opportunity to attack in a big way, and the French army that arrived at the border first was too small. And the fortifications were not built in time, and they could not withstand the blows of the German superior forces and powerful artillery fire, and in only two days, the German army broke through the border defense line of the British and French forces and marched to the hinterland of France.

Because the German army had a lot more tactics than in the original history, which had not yet appeared in this era. Therefore, this attack was much faster than in the original history, and the Anglo-French army was routed before it had time to deploy a large number of troops on the border, which made the German attack faster for nearly half a month, but soon the situation was unfavorable to the German army.

On this day, Xiao Zhenlei held a regular meeting as usual. Listen to the analysis and judgment of the staff and staff of the President's Office on the international and domestic situation. Yang Du reported on the situation on the Western Front in Europe and said: "According to the investigation of the intelligence officers of the Iron and Blood Investigation Bureau on the Western Front, it was found that the German army had been going smoothly before, and the British and French troops were beaten and rubbed together. Many armies had to stop their advances or even retreat while they were still on the road. However, the Germans seemed to have misjudged the deployment of the British and French forces, and the German high command believed that the British and French forces were deploying most of their forces south of Verdun. In fact, the main force of the Anglo-French army was still on the right flank of the German army north of Paris, and there were only two armies on the right flank of the German army, namely the 1st and 2nd armies, about 18 infantry divisions and 5 cavalry divisions, on the other hand, the Anglo-French army, which had 6 armies (they were the 3rd, 4th, 5th, 6th, and 9th armies of the French army and a group army of the British army) on the right flank of the German army north of Paris, 66 divisions, and about 1.08 million people. In this way, in terms of troops, the right flank of the German army is at an absolute disadvantage, and according to the reliable information obtained by our intelligence officers, the British and French high-level are preparing to launch a counterattack against the German army from the right flank.

After listening to Yang Du's report, Xiao Zhenlei frowned, smoked a few puffs of cigarettes and said: "Germany is inferior to Britain in terms of heritage, although it has surpassed Britain and France in equipment manufacturing, but the reserves of resources are far from enough for long-term consumption, if they let the two sides stalemate on the Western Front, I think the German army will not be able to support it for two or three years at most, which is not in the interests of our country, if they want to fight, let them fight well in Europe, it is best to fight darkly, blood flowed, it doesn't matter how many losses the Entente side loses at the beginning, They can survive, but at the beginning, they can't let Germany fall into a stalemate immediately, at the beginning, they want to make the German army like a bamboo, and at the same time drive Japan in the Far East, let the Japanese see the German army's performance in Europe, stimulate him, and let him increase his strength when dealing with Tsarist Russia! ”

Yang Du pondered and asked, "That'?????? Let the Iron and Blood Investigation Bureau's intelligence agents in Europe find a way to quietly leak this information to the German side? ”

Xiao Zhenlei waved his hand and said: "You go and arrange it, you have to leave no traces, and you can't let the Germans find out that these news were leaked on purpose!" ”

"Understood!"

After the regular meeting ended, Xiao Zhenlei returned to the office to continue working, and he took out the first document in the pile of essays that Xiao Gao had sorted out and looked at it.

Finance Minister Chen Huizu pointed out in the report: At present, domestic banks, bank numbers, money banks, and ticket numbers are mixed, and the financial industry is very chaotic due to the lack of unified supervision. Many of the loans are ultra-high interest rates, which are more usurious than loan sharks. Moreover, these money and ticket numbers have no credit because of the lack of supervision, and some people open money banks purely to collect money. Announcing the collapse of deposits as soon as they reached a certain amount and absconding with donations not only caused a large number of depositors to lose their funds, but also caused great confusion in the financial markets, and the public began to doubt the creditworthiness of the government-run banks.

Chen Huizu said in the report that the purpose of establishing the State Bank is to formulate and implement monetary policy, maintain financial stability, and provide financial services, and on the other hand, it is very important to supervise the financial industry. If the National Bank is established, it will have the sole right to issue currency, and no other public or private bank will be allowed to issue money.

After the establishment of the State Bank, it is necessary to rectify the existing banks, banks, ticket numbers, and bank numbers. It is necessary to stipulate a maximum loan interest, if the bank interest rate is too high, it is not conducive to the country's economic development, and the state encourages economic development at this stage, so the national bank should escort this policy in this regard.

This report has dozens of pages, Xiao Zhenlei took an hour and a half to read it, after reading it, he got up and lit a cigarette and smoked, half of the cigarette was smoked, he picked up the phone and said: "Xiao Gao, inform Finance Minister Chen Huizu to come here!" ”

"Yes. Great President! ”

Before Chen Huizu's report was sent, it had been sent to Premier Song Shijie, who had first approved it, and Song Shijie thought it was feasible, reviewed the report, and sent it to the president for a final ruling.

In the second part of the report, Chen Huizu said that silver is now one of the main currencies in circulation in China. In addition to silver, money is one of the main currencies in circulation, and until now, the monetary system of China has been a silver system. There is a big flaw in this system, and this flaw is that the silver production in China is not much. The source of currency materials is scarce, and the silver system must be maintained. It was necessary to import silver from foreign countries from time to time. Silver is a currency in China, but it is just a very common commodity in the world. Therefore, if there is a change in the world's silver production and sales, it will inevitably cause a change in the price of silver, which will inevitably have an impact on the silver system of China, and since the Opium War, as China gradually enters the world market, this impact is getting bigger and bigger, and it is becoming more and more obvious, coupled with the role of other internal and external factors, the currency problem of China has become more and more serious, and in the last decade of the Qing Dynasty, finance was not controlled by the Qing authorities at all, so it was also economically controlled by other powers.

Xiao Zhenlei knows very well how strict the problem of a country's economy being manipulated by other countries is, which is tantamount to putting the fate of the country in the hands of other countries, so China's economic problems and currency problems must be solved as much as possible, and the country must control its own economy.

The cabinet was not very far from the presidential palace, and only a quarter of an hour later, Chen Huizu rushed over.

Xiao Zhenlei put down the work at hand after seeing him coming, and after the two sat down, Xiao Zhenlei said: "I have read your report, I have not been aware of this problem before, it seems that the establishment of the national bank and the reform of the currency system must be put on the agenda."

According to what you said, after its establishment, the State Bank has the functions of formulating and implementing monetary policy, safeguarding financial issues, and providing financial services, but the State Bank does not have a specific deposit business, nor does it have the business of lending money to the private sector, and only issues large loans to specialized banks, and the State Bank does not have the function of supervising the financial industry. What do you think? ”

After hearing this, Chen Huizu thought for a while and said: "The president has thought about it thoroughly, I just took into account the problem of my own supervision, and set up a separate banking regulatory commission to supervise other banks, and at the same time to supervise the national bank!" ”

Xiao Zhenlei smoked a cigarette and nodded, and then asked: "Then after the establishment of the National Bank, the current financial industry will definitely be rectified, how are you going to rectify the current financial industry?" You didn't go into much detail in your report, and now I want to hear it."

"Okay!" Chen Huizu agreed, he was obviously prepared for this, cleared his throat and said: "After the establishment of the State Bank, it is necessary to rectify the existing financial industry, so that all large and small banks, banks, money banks, and ticket numbers in the country will carry out asset reorganization, and a total of eight major banks will be split and reorganized.

I believe that in order to ensure the state's regulation and control of the economy and finance, the state must hold control in more than four banks, and even if a bank is established in the future, private individuals are no longer allowed to set up banks or hold shares in banks. It is necessary to resolutely crack down on private money banks set up by the people, and we must also resolutely crack down on the illegal issuance of high-interest loans and illegal fund-raising.

After the establishment of the State Bank, in order to protect the interests of the vast number of depositors, the major banks that have been reorganized must deposit bank reserves with the state-owned banks to ensure that depositors withdraw their funds, and the rest of the deposits can be used for lending or investment. By raising the interest rate on bank reserves, the National Bank can reduce bank lending and curb economic overheating. The pressure on the banks themselves by lowering the interest rate on bank reserves and increasing the interest rate on deposits could force some of these deposits to flow out of the banks, stimulating investment growth."

Xiao Zhenlei kept nodding his head when he heard Chen Huizu say, and when he finished speaking, he said: "Very good, then regarding the currency reform, you only said in the report the necessity and urgency of implementing the currency reform, but did not talk about the specific reform plan!" ”

Chen Huizu's face was a little embarrassed, and explained: "I had already sent it before, but then I remembered that there were many terms in it that I didn't explain, and I was afraid that the president and the prime minister of the cabinet would not understand, so the text on the specific currency reform plan was taken back by me and revised again, and now I brought it over, please take a look at it!" As he spoke, he took out a bag from his briefcase and handed it to Xiao Zhenlei.

Xiao Zhenlei took the bag and opened it, took out a stack of papers, and began to look at it, he looked at it very carefully, and Chen Huizu explained while he was watching: "Now all countries in the world are basically using two currency standards, one is the gold standard, and the other is the silver standard ??????." (To be continued......) R1292