The news that Zhengjin Bank failed to invest in bonds, lost all its money, and that there was turmoil in Japan greatly shook the confidence of the Chinese people in the yen.

The basis of paper money is credit, because the great powers are strong and the economy is developed, so the Chinese people believe in their currency, and the great powers can also rely on a blank piece of paper in exchange for the blood and sweat of the Chinese people. Now that there is such a big trouble in Japan, whether it is worth trusting has made many ordinary people have questions.

Especially for the common people in Mukden, a large number of newspapers are introducing the rice riots in Japan these days, and the Japanese have also rioted because they cannot afford to eat rice, and the major cities have lost order. In Osaka alone, as many as 30,000 people marched in the streets, marching during the day and attacking rice shops at night.

Often in groups of several hundred, they smashed open rice shops, attacked police stations, seized train stations, and detained trains transporting grain. When these people grabbed the food, they gave it to the poor. As a result, the poor people also joined in, and the number of people who participated in the riots snowballed, growing larger and wider, and riots broke out in all major cities.

Gradually, the riots were out of control, and the targets were not just rice, anything of value was among the targets, almost all shops were affected, and even the homes of some wealthy people were attacked.

Gangsters, ruffians and other forces also appeared, taking advantage of the social turmoil, they began to steal and rob on a large scale. Most of Japan's public order was paralyzed, the demonstrations were out of control, and the Japanese government had to make up its mind to take a bloody crackdown.

The Japanese government mobilized a cavalry wing, an engineer battalion, and a field artillery division. Countless heavily armed soldiers rushed into the streets of Osaka. The frenzied arrest of the marchers would result in the slightest resistance and their deaths, and in a few hours, the Japanese soldiers killed more than 2,000 people.

Osaka was stained red with blood, and these Japanese were cruel to outsiders, and they were just as unkind to their own people. The prisons were full, all of them were for those involved in the riots, and at this time the Japanese government no longer cared whether these people had been wronged or not, what they needed was deterrence. With bloody facts, bring those who participated in the riots to their knees.

This was the case not only in Osaka, but also in Kobe, Nagoya, and Tokyo, where there were bloody clashes between the military and police and the marchers, and how many Japanese were killed. I'm afraid it will never be counted.

The social turmoil in Japan was unprecedented, and even the American consortium did not expect such a striking effect. Initially, Fred reached out to them through a network. Hoping to attack Japan's bond market together, these consortia were initially uninterested, and they were dismissive of Mr. Zhang's power.

However, the Americans also have their own considerations, and they are already very dissatisfied with Japan's wanton expansion of its sphere of influence in China and its monopoly on the market. Therefore, if they can make some trouble for the Japanese, they are still very willing.

These people didn't treat Zhang Tinglan as an equal ally, they just let him charge ahead, if he really succeeded. They're following up, and if they fail, they don't have a dime to do with it.

The result was beyond everyone's expectations, the capital that Zhang Tinglan smashed into was like throwing a small snowball on the top of the snow-capped mountain, which rolled bigger and bigger, faster and faster, roaring towards the mountain, becoming unstoppable, and finally causing an avalanche.

After the mass riots began, the Japanese government acted decisively and invested heavily in financial stability, and before that, all Jewish capital had been withdrawn. In a short confrontation, they swept away a total of more than 20 million yen, although it was not as tempting as the European meal, but it could be counted as a delicious dim sum, and these consortiums were satisfied

It was only at this time that the forces represented by Zhang Tinglan officially entered the eyes of the American consortium, and perhaps they could be used to counter Japan and expand the commercial interests of the United States.

Through this cooperation, Zhang Tinglan finally won the recognition of the American forces, and in the next two or three decades, the only power in the Pacific region that can balance Japan is the United States, and the introduction of American power is very beneficial to curb Japan's expansion.

And the Americans are different from the Japanese, they value commercial interests, although they are insatiable, but compared to the Japanese cannibalism does not spit out bones, but it is too much. Fred revealed the willingness of the American consortium to strengthen cooperation, and Zhang Tinglan immediately said that American businessmen were welcome to come to inspect it.

Zhang Tinglan also promised that if Zhang Zuolin took charge of Mukden, he would formulate a plan to encourage investment and facilitate US investment, which also made the US side feel very excited.

Of course, these collaborations will need to be examined in detail, and it will take time. Zhang Tinglan's main task at present is to enjoy the fruits of victory, to fight big with a small one, and the risk is extremely high, but the benefits are also very amazing.

The first point is that the credit of Zhengjin Bank began to go bankrupt, and after the intensive bombardment of newspapers, in the face of bloody facts, the superstition of the common people of Mukden towards foreigners was shattered. They rushed to the Zhengjin Bank and demanded that the bank notes be exchanged for gold and silver, and the long crowd blocked the streets in front of the bank.

This scene is very similar to not long ago, but at that time, it was the official bank that was run, and the funds of Zhengjin Bank were broken, and there was no way to cope with the large-scale run, and it was forced to stop after only exchanging more than 200,000 yuan.

The more they did this, the less confident the common people of Mukden became, in fact, the main people who held the currency of Zhengjin Bank were rich people, including the old and young of the Manchu Qing Dynasty, famous scholars, bureaucrats and wealthy businessmen. When ordinary people pay taxes, they mainly use Bongcheon, and they can occasionally have some Japanese bank bills in their hands, but the number is also very rare.

After the large-scale run appeared, these rich people could not sit still, and the Japanese bank bills, which they regarded as more valuable than gold, were also in danger of becoming waste paper, and just when they were about to go to exchange, there was news that the Zhengjin Bank refused to exchange for several large accounts, and the confidence of these people naturally collapsed, and they ran to the Zhengjin Bank like crazy, but the door was closed and locked, and the Japanese soldiers in front of the door were guarded to the death, and they did not exchange at all.

"The! Deserve! Zhang Xueliang said indignantly: "It's good that these guys are bankrupt, they don't believe in China's money, they believe in the money of the Japanese, and they think that the Japanese are the king of heaven, what is the result, the little devil is as unreliable!" ”

Halfway through the crisis, Zhang Tinglan also had a rare time to relax, and was pulled out by Zhang Xueliang again, and ran to the teahouse, listening to his husband and tasting tea at the same time. The topic of these tea customers is also inseparable from the affairs of Zhengjin Bank, which boss can't withdraw hundreds of thousands of deposits, and which rich businessman's large amount of bank bills are about to turn into blank paper......

"Han Qing, in fact, these are just panics, one-third of the shares of Zhengjin Bank are in the hands of the Japanese government, do you think the Japanese government will let it go? Now Japan is busy with the country, and a number of chaebols such as Mitsui and Mitsubishi have been seriously damaged, and they have to make up for the losses of the chaebols first. ”

"Brother Tinglan, do you mean that the bank notes will be restored? Wouldn't that be cheap, these guys! ”

Zhang Tinglan nodded with a smile, and then shook his head: "Theoretically, this is true, but it is man-made, not me." The people who had the most bank bills in their hands were the old and young of the Manchu Qing Dynasty, and these guys deposited all the looted people's fat and ointment in the Japanese bank, thinking that this would ensure safety. Now that Zhengjin Bank can't be exchanged, they are all about to despair, and the official bank will soon launch a new initiative, that is, to exchange the new ticket for Zhengjin bank bonds, but it can only be discounted! ”

If you want to develop industry, you need to have a steady stream of investment, which of course depends on the financial system, in other words, without financial autonomy, you can't think about developing industry. Banks and currencies are manipulated by outsiders, and when the business turnover is not working, the funds need to be carded, and the good factories will be finished.

This is also the reason why China cannot develop heavy industry in the history of the Republic of China, because the investment cycle of heavy industry is too long, the effect is too slow, and there is no hope at all without financial strength to escort it. The same is true for later generations, in backward regions such as Africa and Latin America, most of the finance is also in the hands of foreign countries, so they can only continue to lag behind, without industrial support, and if there is a little wind and grass, they will suffer first.

It is precisely because of this point that Zhang Tinglan chose Zhengjin Bank as the first target of the attack, and the fact is just as he thought, Zhengjin Bank is really in trouble, and the few big accounts that went to run on it were also arranged by Zhang Tinglan, the Japanese can do the first day of junior high school, Zhang Tinglan can do the fifteenth, and now everyone does not believe in Zhengjin Bank, which is just a good opportunity to fall into the ground.

Zhang Tinglan didn't care about the little profit obtained by running the bank, his plan was even bigger, he wanted to drive the bank bills out of the market and let the bills dominate the world.

In the following two days, the Fengtian Industrial Group issued a statement that in order to ensure the interests of the people of Fengtian, Guanyin was willing to provide exchange business. The bank coupons of Zhengjin Bank can be exchanged for vouchers, and it is also specially stipulated that small amounts can be exchanged at a discount of 70%, and large households can only be discounted in half, that is, 10 yuan can only be exchanged for 5 yuan.

This act was undoubtedly another plunder, but it was undoubtedly a great blessing for some of the people in Fengtian who were in despair, and they took out the bank notes they had and went to the official bank account to exchange them for the stable value of the bills.

This time, the official silver account also showed unprecedented efficiency, a total of 30 windows were opened, and in less than three days, more than 2 million tickets were exchanged, and the money was mainly for ordinary people.

After three days, the old and young remnants of the Manchu Qing Dynasty, the rich merchants and bureaucrats could not sit still, although they would lose half of their property, but it would be better than not having anything left. In fact, during this time, they also contacted the banks of the great powers, but the banks of the United States and Britain and other countries were not optimistic about Japan's prospects and refused to accept Japanese bank bills.

Outside the official bank, these well-dressed guys also had to line up honestly, nodding to those employees, and finally exchanged the bank coupons in their hands for new tickets, and these people were finally relieved.

However, it is Zhang Tinglan who is really relieved, in just a few days, the issuance of Fengbao has exceeded 5 million, plus the previous more than 15 million, the total circulation has exceeded 20 million, and Fengbao has become the most important and strongest currency in Fengtian.