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Yang Qiu took a plane for the first time, which shows how anxious he is. So as soon as he got off the plane and saw Fang Rui, he was furious: "How did you become the director of the Security Bureau?" There was no information before such a big move?! How much silver did Anglo-American have in Shanghai? Is there silver and forex coming in during this time? Can't you see it! ”

Fang Rui didn't dare to squeak, in fact, he was also very aggrieved. The Security Bureau does have a financial department, but in recent years, the country has managed to cultivate a small number of financial talents like Bei Zuyi who have been poached by the Ministry of Finance, the Central Bank or other banks, and the entire Security Bureau does not even have a few college students studying finance.

"Okay, okay, Director Fang didn't mean it. Don't look at how many people we understand about the economy now, any second-rate person in Europe and the United States can call the wind and rain. Lu Bicheng, who had just become pregnant, held up her slightly bulging lower abdomen and said a few good words for Fang Rui. What she said is the fact that financial talent in the modern monetary system is different, requiring not only paper knowledge but also years of experience. After 14 years of recovering the stock market, there are really not many such people in the capital market of the Republic of China that began to heat up after joining the European War in 16 years, not to mention that there are still capital predators led by Wall Street behind the scenes.

But even with such and such reasons, Yang Qiu still couldn't suppress the anger in his heart. What a big deal! The Chongqing Conference has just ended, the country's second five-year national industrial and commercial development plan has just begun, and everything has just begun to be laid out for the Chinese Economic Circle, the Ring China Railway, and the Currency Reform. First, Nagata Tieshan and Stalin teamed up to use themselves as targets to fulfill their wishes, and then this incident came out again. All of a sudden, the vision for the future was seriously threatened.

Who can stand it?

In order to send financial experts and ministers to Shanghai as soon as possible, the Air Force immediately dispatched 22 transport planes from all over the country to carry out this mission. Pei Zuyi and Xu Xiujun went straight to the exchange without even saying a word, Shen Shukai wanted to immediately contact the bankers and big businessmen across the country, and Zhang Wenjing immediately mobilized the silver and foreign exchange reserves in his hands to prepare for a war they had never fought.

The tension is unprecedented, and if a group army is really sent to the continental United States, even with the existing equipment, Yang Qiu can turn him upside down. But on the financial battlefield, he was a little at a loss. This is something he is not good at, like the Navy, completely amateur. We can only wait quietly for the situation of the battle to change.

The strength of the state was manifested at this moment, and in just 48 hours, dozens of Chinese financial experts arrived in Shanghai from all over the country, and hundreds of millions of foreign exchange and silver reserves were returned to the treasury to prepare. If it weren't for the gold reserves that couldn't be touched at the moment of life and death, Zhang Wenjing would definitely use all his strength.

Shanghai. The most modern and commercial atmosphere in China, known as the Paris of the Far East, is the financial capital of China. As soon as it opened in the morning, hundreds of traders, merchants, and bankers crowded the trading floor, and behind the telephone lines, tens of thousands of nervous, excited, or restless hearts were connected.

He Bin is an ordinary precious metals trader, but when he puts on the trading vest today, he has a sense of generosity. With a solemn expression, he could almost scrape off a few taels of frost. On the other hand, his opponents, the traders of the Wall Street capital predators, did not seem to feel all kinds of nervousness. "Maybe a deal of this magnitude isn't really a big deal for them, right?" As soon as He Bin thought of this, the phone on the table rang. A moment later he gave the first command.

"Any price, buy."

May 12, 1920 is a day that will be forever remembered by countless Chinese financial figures. On this day, two years after the "Shanghai Communiqué" gained independence and freedom, China faced off face-to-face with international capital predators for the first time! It was an unfair duel, a group of giants with swords and hammers bullying children who were not even fully sound in the financial system and laws. But there are both sides to the story, when international capital ravages the market to its heart's content. However, it also made China understand the importance and urgency of finance, and laid the foundation of modern finance.

It was a foundational battle, but it was a bloody battle from the start.

Finance and war are the same, if you want to defeat the other party, you must first store bullets, and suppressing the price of silver, which can no longer be contained, is undoubtedly adding fuel to the fire, so Xu Xiujun and Bei Zuyi decided to buy it first after research, and reserve enough bullets at all costs! Under this thinking, not long after He Bin issued the order, the price of silver soared like a rocket!

1:18、1:17.99、1:17.95、1:17.85、1:17。

People who don't know how to do it may not understand what the rise means, but traders like He Bin know very well that this means that the minyuan linked to gold and silver is depreciating wildly, which means that thousands of enterprises with a large number of minyuan banknotes are facing the danger of bankruptcy after the devaluation, and it means that the family funds that 40,000 compatriots have spent eight years saving are being brutally sucked dry little by little.

"Oh my God! How long will this go up? Looking at the price of 1:16.5 at the close, a big businessman who came to see the situation finally understood that his fortune was shrinking infinitely, and covered his face and never looked at it again.

But the brutal financial strangulation will not stop because of crying, and everyone can't stop until the winner is determined after the fight is rolled out!

On May 16, silver closed at 1:16.

On May 18, the silver price closed at 1:15.5.

By the end of May, the silver price had just opened at the critical point of 1:13, which also meant that the Min Yuan had actually depreciated by nearly a third! But the turning point also appeared on this day, when the Central Bank of the Republic of China, which had been suppressed for a long time at noon that day, suddenly threw out 2,000 tons of 30-day silver contracts, instantly knocking down the price of silver by 1:20.

Is it over? Far from it! After this sudden plunge attracted countless reluctant sellers, the price of silver stabilized for a few days before climbing again.

The only thing that makes Yang Qiu fortunate is that in the era of non-electronic trading, the damage to the real economy caused by silver price fluctuations takes a long period of time, and it often takes about three months to show the clues. So both sides know that the real decisive battle is yet to come.

Shanghai is a bright night in the city, and the city has become more and more brilliant after the European war, especially as the concessions of various countries have closed, and the whole city has become a whole rather than fragmented. But under this prosperity, it is a fierce torrent, and the confrontation in just half a month has already had a profound impact on the city. Large quantities of silver are flocking here from all over the country, and confidence in the Minyuan banknotes is gradually declining.

Lu Bicheng handed the coffee to Yang Qiu and looked at his red eyes. He said distressedly: "Chenhua, let me tell you that the Russian envoy Garrahan is here." Ask if it is. ”

"I'm gone, let Lu Zhengxiang and the Ministry of Foreign Affairs handle this matter."

Lu Bicheng pursed his mouth, and after a moment of pause, he bit his lip vigorously and said, "Chenhua, why don't you go and meet Hangel?" ”

"It's not time yet. You go out first, cigarettes are not good for the fetus. Yang Qiu waved his hand, he knew that Hangel was waiting for him in this city, but now was not the time. Lu Bicheng nodded, and obediently left the smoky room temporarily, but sighed secretly in his heart. Over the years, this tough style has helped him reach the top and inspired young people to be invincible. But this time he will definitely suffer a big loss, but he can't give up easily, because this is the foundation for him to stand on the political arena of the Republic of China and attract people to follow him.

If the tip of the knife is too sharp, it will always scratch your fingers.

She had just exited the room. Seeing Zhang Wenjing and the others coming towards her, what made her strange was that Yan Xishan, who had a one-sided relationship, and several other men covered in dust followed behind, looking like they were dressed in Nanyang's attire, which made her frown slightly, as if she didn't expect Yang Qiu to have a relationship in Nanyang.

"Ma'am, Vice President?"

"I'm waiting for you." Lu Bicheng smiled slightly. Nodding to Yan Xishan and several visitors from Nanyang, he pushed the door open.

After Zhang Wenjing walked out of the room, he saw Yang Qiu writing and drawing on the paper with a cigarette, as if he was recalling something, and shouted softly: "Vice President, Baichuan and Mr. Kuang are here." ”

"Oh, that's great." Yang Qiu, who was racking his brains to recall the financial knowledge of later generations, couldn't help but flash a trace of joy on his tired face when he heard these two names, and hurriedly got up to greet him personally.

"Vice President, we're late."

Kuang Jingyang and Yan Xishan walked in together, and when they saw Yang Qiu's eyes flushed and his cheeks sunken, he couldn't help but feel a little pantothenic acid in his heart. In the early years, he took Weng Wenhao and Yan Sutong to Luzon and other places to find urgently needed resources, and later in order to understand and penetrate the Nanyang, he simply opened a company, and took advantage of the European war Britain and the United States to take care of the gradual growth, and now he is one of the few wealthy people in the Nanyang region, and has delivered no less than 100,000 tons of various ore resources for the country over the years.

He knows very well that it is all given by Yang Qiu to have today, if it weren't for the fact that the country is getting better and better, if it is not for the two defeats of Japan and the prestige of Europe, his company would have been served by Britain and the United States long ago. Being overseas also gave him a clearer perspective on how important a strong country is to overseas Chinese. With the efforts of him and the International, there are now 100,000 members of the National Socialist Party in the Nanyang area, and more than 20,000 members of the Youth Association such as Weng Wenhao, who went with him back then.

As in China, just when he and the Chinese in Nanyang were looking forward to the good times, they heard the news of the fluctuation of domestic silver, and before they could understand it, someone took him to Taiwan, and then flew all the way. Now seeing Yang Qiu's appearance, I can't help but feel a strong hatred: "These foreign devils have been raising us as sheep for hundreds of years, and they will cut them when their hair grows!" Inciting the natives, the Lanfang tragedy is not like this, it is really hateful! Vice President, you must take care of your health, and your health is the most important thing when you can make more money when you run out of money. ”

"Thank you." Yang Qiu reluctantly hooked the corners of his mouth and smiled, beckoning everyone to sit down.

Yan Xishan is already a member of the executive committee of the State Society, and since he left Shanxi to sit in Beijing and Tianjin, he has well maintained the security of the two places, protected the historical heritage left by the Manchu Qing Dynasty, and Yang Qiudu, who has contributed to his contributions, has been praised at government meetings several times. This time I came to value the Jin merchant forces behind him, although Shen Shukai was also a Jin merchant, but his early years made Yang Qiu have always had a pimple in his heart, and he was also regarded as a traitor by the Jin merchants back then, so he was not as respected by the Jin merchants as Yan Xishan.

"How's it going?" After Yan Xishan sat down, he asked about the situation. Xu Xiujun is the governor of the central bank and the commander-in-chief of the financial war, knowing that the two of them did not know the inside story, he hurriedly introduced the things during this period of time, and said: "The silver price closed at 1:15 yesterday. We've invested 3,000 tonnes of silver in reserves, but we haven't been able to stop the rally. Judging from the current situation, foreigners are afraid that they have been hoarding silver for a long time and waiting for this day, so the reserves in their hands are a little stronger than ours, and I am afraid that they will not be able to suppress it without using foreign exchange. ”

Foreign exchange reserves are a valuable resource, and the $300 million that can be accumulated is all exchanged for selling resources and arms sales during the European war. Such hard currencies are extremely important in international trade, and without foreign exchange, you will have to pay precious gold and silver to buy complete sets of machinery in the future.

Even if Yan Xishan doesn't understand anymore. also knew that he couldn't directly use the yuan to buy foreign goods, let alone give all the gold and silver to others, so he asked: "I've been thinking about it all the way." Why do foreigners hoard silver? Wouldn't we just not want that little bit of silver? There are a lot of these things in the folk. ”

Yang Qiu shook his head and glanced at Bei Zuyi. Pei Zuyi also lost the spirit and elegance of Chongqing when he proposed a creative Chinese economic circle, and directly faced the capital predators to put a lot of pressure on him. But it also gave him a lot of experience and lessons. After receiving the instruction, he introduced: "It's not that simple, this batch of silver doesn't mean that you don't want it if you want it."

Let me be brief. Because our renminbi is pegged to gold and silver, the currency reform is not to cancel the peg, but to cut off the road of free exchange. The gold and silver were returned to the government, and the money was then reissued from the gold and silver. We can do without the reserves in the hands of foreigners, but then the amount of money supplied to the market will be greatly reduced, and according to our judgment, it is likely that the amount of money issued will be reduced by about 2 billion. Without 2 billion yuan, we will not be able to use money to support industry and commerce, we will not have money to build agriculture and forestry, and businessmen will not be able to borrow money to expand production. The lack of liquidity leads to a contraction, and in severe cases, a large number of companies will fail, and even if the government provides a guarantee to maintain it, the people will believe that there is more silver than the yuan, and eventually the currency reform will fail. And then create a lot of bad debt!

And recently, because of the high price of silver, the market is reluctant to sell, and we and foreigners actually can't receive much silver, so the rest depends on ourselves! According to our calculations, if the circulation of these 2 billion yuan is missing, economic growth will have to stop for more than one year. The second five-year development plan proposed by the Chongqing Conference will also be unable to start construction due to lack of money, and the final result will be that the industrial and commercial construction will be delayed, and the gap with Europe and the United States will widen again! ”

"So, the foreigners mean to force us to take back this batch of silver at a high price? If you want to meddle in my country's currency?! Kwong Jingyang asked.

"The high price recovery is one of them, but it is not necessary to meddle in the currency, we are not Manchu, we really can't abolish this batch of people's yuan, it's a big deal that the state can't let them control it for a few years! I think they're probably looking at tariffs and markets. Xu Xiujun said with a solemn expression: "After our tariffs are independent, the entry threshold for European and American goods has been much higher, and they can no longer make huge profits by dumping as before." In the eyes of Europe and the United States, the importance of China's market is far more important than this bit of silver, so they are likely to want to suppress this silver and force us to open up some areas that they are not allowed to enter, such as grain, post and telecommunications, railways, shipbuilding and other heavy industries, but these are the lifeblood, and the national economy will be controlled by them after a long time! ”

"What then? Is it really necessary to admit defeat?! Yan Xishan jumped up directly, he dreamed of becoming the prime minister, it was impossible to be a prime minister with no money in the future.

"It's not time to admit defeat yet, this battle is not a day or two to see the winner, we estimate that the final showdown should be a few days before the expiration of the silver contract at the end of August." Tang Shaoyi was in the most anxious mood, seeing that he was about to step down, he also hoped to leave decently, and after saying the deadline, he asked: "Baichuan, Jingyang." How's it going to get you guys in touch? ”

Yan Xishan pushed his glasses and said seriously: "Shanxi does have silver, and tens of millions of dollars will not be a problem if you make it together, but now that the price is rising every day, I don't dare to guarantee it." ”

Yan Xishan didn't dare to say anything, but Kuang Jingyang next to him couldn't help it: "Vice President, don't worry, Prime Minister." Before I came, I had already contacted several local Chinese businessmen, and they all said that they would not sit idly by, and believed that as long as the matter was publicized, it would definitely attract many people to join hands to help. ”

Yang Qiu didn't blame Yan Xishan, after all, he couldn't represent the Jin merchant group, and he wouldn't be stupid enough to sell a lot of silver at a low price at this time, as for the legendary patriotism, there would be, but how big it is, how many no one knows, these ethereal things can't be made into the schedule, so he has prepared for the worst, and said heavily: "You all go to borrow silver, the central bank will try its best to maintain the silver price of 1:20 before the beginning of August, and now you can raise as much as you can!" Tell the borrower that I can use the shares of Hanyang and Chongqing as collateral!! ”

"Chenhua!" Lu Bicheng, who was eavesdropping outside the door, couldn't hold back any longer, and pushed open the door with tears glistening in her beautiful eyes...... (Site. Your support is my biggest motivation. )