Chapter 176 Silver Act
Back in the magic capital, Qin Di took 10 million US dollars to the third uncle Qin Hanxu. The money can be taken from the bank because it has been washed.
By the time these things were done, it was March 1934.
At this time, Mr. Qing called for the launch of the "New Life Movement", hoping to transform the people, improve their habits and quality, and achieve the goals of "saving the country" and "rejuvenating the nation".
Mrs. Qing spared no effort to hold meetings, write articles, publicize, give speeches, supervise and accept interviews with domestic and foreign media, and also invited people to compose new life songs, and wanted to invite Yan Xue to make a record.
Qin Di took a look at those songs: "Good National", "Diet and Diet", "Using Domestic Products", "Helping the Old and Helping the Weak", "Courage to Admit It", "Knowing Right and Wrong", "Will Be Firm", "Clothes Must Be Simple", "The Body Moves Often", "New Life Knowing Songs", ......
The title and idea are good, but the level of lyrics and composition is too poor!
Qin Di couldn't look down on these songs, so naturally he wouldn't let Yan Xue sing them, and there was no reason to lower the taste of the "song fairy". He pushed these songs to Bai Hong, Zhou Xuan, Gong Qiuxia and others.
In addition, Mrs. Qing also wanted to set up several exemplary figures, and sent people to find Zhu Wan and Qin Ling, but they all politely declined.
So, how to evaluate this New Life Movement, which has lasted for more than ten years?
Huang Huilan, the wife of diplomat Gu Weijun, said in her memoirs that Chinese personnel stationed abroad often had affairs that led to marriage changes, so before the Anti-Japanese War, diplomatic circles jokingly called the New Life Movement the "New Wife Movement."
General Feng Yuxiang criticized: "In the past 10 years or so, I have to hold meetings every year on the anniversary of my new life, and I have been asked to speak many times. In fact, the new life is to deceive people, for example, the new life is not allowed to play cards, but only when I hear that Mr. Qing is coming, I will receive the mahjong tiles in the drawer, showing a very well-behaved look;
It is also forbidden to eat and drink in the new life, but the big officials often have bird's nest and shark fin seats. Not only are the big officials so extravagant, but so are the women and servants of the big officials. If these things that violate the so-called new life happen to a junior official who is far away from Mr. Qing, he can still pretend not to know, and these things happen to a senior official who is very close to him, can he still pretend not to know?"
Mrs. Qing regarded the promotion of the "New Life Movement" as a political cause, trying to make the Chinese people "reborn" in their living habits and spirit, and not to let Westerners "look down on us", but the background of this movement was the deep-rooted living habits of thousands of years and the poor masses of the people, coupled with the civil war and the Japanese invasion of China, which finally became a thing of the past.
On March 1, 1934, under the hijacking of the Japanese, Pu Yi was called emperor and renamed the "Great Manchurian Empire", with the era name "Kant".
At this time, the money in the "Central Bank of Manchuria" was burned by the damned thieves! But the Japanese had a way to solve it!
As long as you have a gun in your hand, you can print paper money out of thin air! Anyway, there are tens of millions of people in Manchuria, all of whom are enslaved, and as long as they work every day, they can continue to create wealth, and wealth can be deprived with paper money. In this way, in time, the Japanese will be able to send back a steady stream of soybeans and minerals from Tohoku.
In fact, real wealth is resources, and paper money is just a symbol.
For Qin Di, paper money is being printed all over the world, and if you want to rob a bank in the future, it doesn't make much sense.
But gold and silver didn't die there!
In February 1934, the price of silver was so low that an ounce could only be exchanged for 30 cents. The price of gold was fixed at $35 an ounce by President Roosevelt on January 30, 1934!
Qin Di looked at the more than 300 tons of gold in the storage belt, as well as the remaining 20 million 200 silver (most of which came from Tang Yulin, and the rest was taken from the Marshal's Mansion and the Manchurian Headquarters), and wondered what to do with these gold and silver.
Suddenly, he remembered something!
In June of that year, the United States Congress passed the Silver Acquisition Act, which required the U.S. government to buy silver at high prices around the world until silver accounted for a quarter of the country's currency reserves, or the price of silver reached $1.29 per ounce!
This was a very important economic event, which had a far-reaching impact on both China and the United States, and Japan reaped the benefits of abolishing the silver standard two years ahead of schedule! China lost the most, with hundreds of millions of taels of silver flowing out, deflation, a sharp drop in exports, heavy losses to industry and agriculture, and the closure of many enterprises, and in the end, the government had no choice but to abolish the silver dollar and adopt legal tender in November 1935! That is, legal paper money!
Thinking of this, Qin Di's expression was serious, and he thought further, what should he do?
"Can I go against the tide and stop the outflow of silver on my own? This is almost impossible! If a large amount of silver is smashed in my hand, and I can neither eat nor drink, what use do I want it to have? In the final analysis, I still have to exchange it for food and supplies!"
"If I can't stop the outflow of silver, why don't I go with the flow?"
He thought about it for a long time, and finally sent a series of telegrams, informing the personal managers of Citibank and Mogun Bank to help him buy $5 million in silver futures on the New York Stock Exchange at a magnification factor of 1:3, and also to help him buy silver futures for $3 million on the London Stock Exchange at a leverage of 1:3.
The total investment is 16 million US dollars, which is equivalent to 48 million US dollars after being amplified through leverage.
He didn't dare to buy too much at once, because silver is different from stock index futures, its trading volume is relatively small, and if he buys too much at once, it will inevitably alarm the US government, resulting in unpredictable variables.
This type of futures trading does not require the delivery of physical silver, allowing for buying, selling, and swapping.
In addition to buying silver futures, he also personally went to the Bank of China to get 6 million US dollars in exchange for 20 million oceans.
In addition, he informed the real estate manager You Long and Zhang Bin to sell all the properties north of Suzhou Creek within three months!
The two managers were very surprised, and couldn't help but persuade: "Mr. Qin! Three months is too urgent! Launching too many properties at once will inevitably suppress prices!"
Qin Di asked, "How many properties do we have north of Suzhou Creek?"
You Long replied, "There are at least 250 of them." ”
"What about south of Suzhou Creek?"
"There are more than 400 places. ”
"Fortunately, all 250 buildings were sold, even if the price was 20% lower, it was acceptable. In addition, 100 houses on the south bank of Suzhou Creek were sold!"
"Mr. Qin, you don't want to do real estate business anymore?"
"Why don't you do it? I'm just selling it for the time being, and I can buy it back in the future. ”
"Real estate buying and selling, coming and going, have to pay a lot of handling fees. ”
"It's okay, you guys do it as soon as possible!"