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Text Chapter 545 Foreign aid is coming

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    Yang Qiu took a plane for the first time, which showed how anxious he was.  So when I saw Fang Rui as soon as I got off the plane, I was furious: "How did you become the director of the Security Bureau? You didn't have any information before such a big news?! How much silver reserves do Britain and the United States have in Shanghai? Has silver and foreign exchange come in during this time? Watch it all  Miss you?"

    Fang Rui didn¡¯t dare to say anything, but he was actually very aggrieved.  The Security Bureau does have a financial department, but the few financial talents like Bei Zuyi that the country has managed to cultivate over the years have been poached by the Ministry of Finance, the Central Bank or other banks. The entire Security Bureau even has few college students studying finance. If it weren't for  The two political prisoners who were engaged in finance in the former Austro-Hungarian Empire were instigated to rebel. I am afraid they still don¡¯t understand what the increase in silver prices means.

    "Okay, okay, Director Fang didn't mean it. Don't look at how many people we know about economics now. Any second-rate person in Europe and the United States can make all the difference." Lu Bicheng, who was just pregnant, held out her slightly bulging belly.  , said a few good words for Fang Rui.  What she said is true. Financial talents under the modern monetary system are different. They require not only paper knowledge but also years of experience.  The stock market was restored after 14 years, and the capital market of the Republic of China only became popular after joining the European War in 2016. There are really not many such people, let alone the capital giants led by Wall Street behind the scenes this time.

    But even if there were such and such reasons, it was still difficult for Yang Qiu to suppress his inner anger.  What a big deal this is!  The Chongqing Conference has just concluded, the country's second five-year national industrial and commercial development plan has just begun, and the Chinese economic circle, the China-Rim Railway, currency reform, and everything else have just begun to be laid out.  First, Nagata Tetsuzan and Stalin teamed up to use himself as a target to fulfill their wish, and then this happened again.  Visions of the future were suddenly under serious threat.

    Who else can bear it?

    The next few transport planes also arrived one after another. 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 the mission after receiving the order.  Bei Zuyi and Xu Xiujun went straight to the exchange without saying a word. Shen Shukai immediately contacted bankers and big businessmen across the country, while Zhang Wenjing immediately mobilized his silver and foreign exchange reserves to prepare for a war they had never fought before.

    The tension is unprecedented. If a group army is sent to the American continent, Yang Qiu will be able to turn it upside down even with the existing equipment.  But he was at a loss on the financial battlefield.  This was something he was not good at, just like the Navy, a complete amateur.  We can only wait quietly for the situation of the war to change.

    The strength of the country was demonstrated at this moment. 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 for preparation.  If it weren't for the gold reserves that couldn't be touched unless there was a life or death situation, Zhang Wenjing would definitely use all his strength.

    Shanghai.  This financial capital of China, which is the most modern and has the strongest business atmosphere in China and is known as the Paris of the Far East, is filled with smoke.  As soon as the doors opened in the morning, hundreds of traders, businessmen and bankers crowded the trading floor. Behind the phone lines, tens of thousands of nervous, excited or restless hearts were contacted.

    He Bin is an ordinary precious metals trader, but when he put on his trading vest today, he felt a sense of generosity and sacrifice.  His expression was so solemn that he could almost scrape off a few ounces of frost.  On the other hand, his opponents, the traders who belong to the Wall Street capital giants, seemed not to feel any kind of nervousness.  "Perhaps to them, a transaction of this scale is really nothing?" As soon as He Bin thought of this, the phone on the table rang.  A moment later he issued his first command.

    ¡°Any price, buy¡­.¡±

    May 12, 1920, is a day that will forever be remembered by countless Chinese financial figures.  On this dayChina, which has weak capital, faced off against the international capital giants face-to-face for the first time in the second year after the "Shanghai Communique" gained independence!  This is an unfair duel, a group of giants armed with swords and heavy hammers bullying children who are not even fully equipped with financial systems and laws.  But everything has two sides, when international capital ravages the market carnival.  But it also made China understand the importance and urgency of finance, and has since laid the foundation for modern finance.

    This is a foundational battle, but from the beginning it was a bloody mess.

    Finance and war are the same. If you want to defeat the opponent, you must first store bullets. Suppressing the already unstoppable silver price will undoubtedly add fuel to the fire. Therefore, Xu Xiujun and Bei Zuyi decided to buy first at all costs after research.  Reserve enough bullets!  Under this thinking, shortly 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 are not familiar with the industry may not understand what the rise means, but traders like He Bin know very well that it means that the RMB linked to gold and silver is depreciating crazily, which means that thousands of people holding large amounts of RMB banknotes for credit  Enterprises are facing the risk of bankruptcy after devaluation, which means that 40 million compatriots have spentThe wealth accumulated over the past 8 years is being cruelly sucked dry bit by bit.

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

    But the cruel financial strangulation will not stop because of crying, no one can stop until the victory is determined after the posture is spread out!

    On May 16, the silver price closed at 1:16.

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

    By the end of May, the silver price reached the critical point of 1:13 as soon as it opened, which also means that the RMB has actually depreciated by nearly one-third!  But a turning point also occurred that day. At noon that day, the Central Bank of the Republic of China, which had been suppressed for a long time, suddenly launched a 2,000-ton 30-day silver contract, instantly knocking the price of silver down by 1:20.

    finished?  Far from it!  After this sudden plunge attracted countless people who were reluctant to sell, the price of silver stabilized for a few days before climbing again.

    The only thing that makes Yang Qiu happy is that in the era of non-electronic transactions, the damage caused by silver price fluctuations to the real economy requires a long period of time, and it often takes about three months to show signs.  So both sides know that the real decisive battle has not yet come.

    Shanghai¡¯s nights are dazzling, and the city has become more and more dazzling after the European War. Especially with the closure of concessions in various countries, the entire city has become a whole and is no longer fragmented.  But under this prosperity, there are dangerous rapids. The confrontation in just half a month has had a profound impact on the city.  A large amount of silver is gathered here from all over the country, and confidence in RMB banknotes is gradually declining.

    Lu Bicheng handed the coffee to Yang Qiu and looked at his red eyes.  He said distressedly: "Chen Hua, Xu Kun asked me to tell you that the Russian special envoy Karahan is here. I want to ask if"

    "I'm missing. Let Lu Zhengxiang and the Ministry of Foreign Affairs handle this matter."

    Lu Bicheng pursed her lips, and after being stunned for a moment, she bit her lower lip and said, "Chenhua, why don't you go 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 left the smoke-filled room obediently, but secretly sighed in his heart.  Over the years, this tough style has helped him reach the top and inspired young people to achieve success.  But this time he would definitely suffer a big loss, but he couldn't give up easily, because this was the basis for him to gain a foothold in the political arena of the Republic of China and attract people to follow him.

    If the tip of the knife is too sharp, you will eventually cut your fingers.

    She just left the room.  She saw Zhang Wenjing and others walking towards her. What surprised her was that Yan Xishan, whom she had met once before, and several other men who were covered in travel dust were following behind. They seemed to be dressed in Nanyang attire, which made her frown slightly.  He frowned, as if he didn't expect that Yang Qiu still had connections in Nanyang.

    "Ma'am, Vice President?"

    "Waiting for you." Lu Bicheng smiled slightly.  He nodded to Yan Xishan and several Nanyang visitors and opened the door.

    After Zhang Wenjing walked out of the room, he saw Yang Qiuzheng writing and drawing on paper with a cigarette between his arms. He seemed to be recalling something and shouted softly: "Vice President, Baichuan and Mr. Kuang are here."

    "Oh, that's great." After hearing these two names, Yang Qiu, who was racking his brains to recall the financial knowledge of later generations, could not help but feel a hint of joy on his tired face, and he quickly stood up to greet them personally.

    "Vice President, we're late."

    Kuang Jingyang and Yan Xishan walked in together. When they saw Yang Qiu's eyes were red and her cheeks were sunken, they couldn't help but feel a little sore in their hearts.  In his early years, he took Weng Wenhao and Yan Sutong to Luzon and other places to search for urgent resources. Later, in order to understand and penetrate Nanyang, he simply opened a company. Taking advantage of the European war, Britain and the United States had no time to take care of it and gradually grew. Now it is one of the few big companies in Nanyang.  The rich man has transported no less than 100,000 tons of various mineral resources to the country in recent years.

    He knows very well that what he is today is all given by Yang Qiu. If the country had not been getting better and better, had not defeated Japan twice, and gained prestige in Europe, his company would have been taken over by Britain and the United States.  Being overseas also gave him a clearer perspective to understand how important a strong country is to overseas Chinese.  Therefore, he became a die-hard member of the National Socialist Party without any hesitation and actively developed National Socialist Party members in the Nanyang region. With the efforts of him and the National Socialist International, there are now 100,000 National Socialist Party members in the Nanyang region. Weng Wenhao and other young people who went with him back then  It has also developed more than 20,000 YMCA members.

    " Just like in China, just when he and the Chinese in Nanyang were looking forward to the good times, they heard the news about the fluctuation of silver in China. Without realizing it, someone picked him up and took him to Taiwan, and then flew all the way.  Seeing Yang Qiu's behavior now, he couldn't help but feel a lot of hatred: "These foreign devils have been raising us like sheep for hundreds of years, and they come to cut our hair when it grows long."?Inciting the natives, this is not the case with the Lanfang massacre, it is really abominable!  Vice President, you must take care of your health. If you lose your money, you can make it again. Your health is the most important thing.  "

    "Thank you." Yang Qiu reluctantly smiled and asked everyone to sit down.

    Yan Xishan is already an executive committee member of the National Socialist Society. Since he left Shanxi and took up residence in Beijing and Tianjin, he has maintained the security of the two places and protected the historical heritage left by the Manchu Qing Dynasty. Dalian Yang Qiudu has commended him at government meetings several times for his contribution.  This time I came here to pay attention to the Shanxi merchants behind him. Although Shen Shukai was also a Shanxi merchant, Yang Qiu's heart had always been troubled by what happened to him in his early years. Moreover, he was also regarded as a traitor by Shanxi merchants back then, so he was not as popular with Shanxi merchants as Yan Xishan.  respect.

    "How is the situation now?" Yan Xishan asked about the situation after sitting down.  Xu Xiujun is the governor of the central bank and the commander-in-chief of this financial war. Knowing that the two people did not know the inside story, he quickly introduced what happened during this period and said: "Yesterday's closing silver price reached 1:15. We have invested 3,000 tons of silver reserves.  It still hasn¡¯t been able to stop the rising trend. Judging from the current situation, foreigners may have been hoarding silver for a long time and waiting for this day, so their reserves are slightly stronger than ours. I¡¯m afraid they can¡¯t suppress it without using foreign exchange.¡±

    Foreign exchange reserves are precious resources. The 300 million U.S. dollars accumulated were all obtained by selling resources and arms sales during the European War.  This kind of hard currency is extremely important in international trade. Without foreign exchange, you will have to pay precious gold and silver if you want to buy a complete set of machinery in the future.

    Even if Yan Xishan doesn¡¯t understand anymore.  He also knew that he could not directly use RMB to buy foreign goods, let alone give all the gold and silver to others. He asked: "I have been thinking about it all the way. Why do foreigners want to hoard silver? Can't we just not use that little silver? There are so many things among the people.  Yes."

    Yang Qiu shook his head and winked at Bei Zuyi.  Bei Zuyi has lost the enthusiasm he had when he proposed the creative Chinese economic circle in Chongqing. Directly facing the capital predators puts 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 is not just for you.

    ?????????????????????????????????????????????????? Because our yuan is linked to gold and silver, currency reform does not mean to cancel the link, but to cut off the path of free convertibility.  Return gold and silver to the government, and then use the gold and silver to issue currency.  We can do without the reserves in the hands of foreigners, but then the amount of currency supplied to the market will be greatly reduced. According to our judgment, the currency issuance will probably be reduced by about 2 billion.  Without 2 billion, we would not be able to use money to support industry and commerce, we would have no money to build agriculture and forestry, and businessmen would not be able to get loans to expand production.  Lack of liquidity leads to contraction, and in severe cases, it will cause a large number of companies to close down. Even if the government provides guarantees to survive, the people will believe that there is more silver than the yuan, and ultimately the currency reform will fail.  Then a lot of bad debt is generated!

    ??????????????????????? Recently, due to the high price of silver and the serious reluctance to sell in the market, neither we nor the foreigners can actually receive much silver, so the rest is up to us!  According to our calculations, if there is a lack of circulation of these 2 billion, economic growth will stall for more than a year.  The second five-year development plan proposed at the Chongqing Conference will also fail to start many projects due to lack of money. The final result is that industrial and commercial construction will be delayed, once again widening the gap with Europe and the United States!  "

    "So, the foreigners want to force us to take back this batch of silver at a high price? Do they want to interfere with our currency?!" Kuang Jingyang asked.

    "Recovering it at a high price is one of them, but it is not necessarily involved in the currency. We are not full. If it doesn't work, we will abolish this batch of yuan. At worst, the country will not let them control it even if it stops for a few years! I think they may be interested in tariffs.  and market." Xu Xiujun said solemnly: "After our tariff independence, the entry threshold for European and American goods has been much higher, and they can no longer make huge profits through dumping as they did before. In the eyes of Europe and the United States, our market is far more important than  This amount of money is important, so they probably want to suppress this money and force us to open up some fields that they are not allowed to enter, such as food, post and telecommunications, railways, shipbuilding and other heavy industries, but these are lifeblood, and over time  The country¡¯s economy will be controlled by them!¡±

    "What should we do? Do we really have to admit defeat?!" Yan Xishan jumped up immediately. He dreams of being the prime minister. There is no way he will be a prime minister without money in the future.

    "It's not time to admit defeat yet. The outcome of this battle cannot be determined in one or two days. We estimate that the final showdown will be a few days before the silver contract expires at the end of August." Tang Shaoyi was in the most anxious mood, and was about to  After stepping down, he also hoped to leave in a dignified manner. After stating the deadline, he asked: "Baichuan, Jingyang. How is everything that asked you to contact me?"

    Yan Xishan pushed up his glasses and said seriously: "There is indeed money in Shanxi. If we scrape together tens of millions, it won't be a problem. But now the price is rising every day, and Ican't guarantee it."

    Yan Xishan didn¡¯t dare to finish his words, but Kuang Jingyang next to him couldn¡¯t help it: ¡°Vice President, Prime Minister, don¡¯t worry. I already talked to you before coming here.Several major local Chinese businessmen have been contacted, and they all said they would not sit idly by and believe that as long as they publicize the matter, many people will definitely be attracted to help.  "

    Yang Qiu didn't blame Yan Xishan. After all, he couldn't represent the Shanxi merchant group, and he wouldn't have been stupid enough to sell a large amount of silver at low prices at this time. As for the legendary patriotism spirit, no one knows how big or how many there are.  These ethereal things cannot be included in the plan, so he has prepared for the worst and said seriously: "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. Now it is up to you to raise as much as you can."  How much do you want! Tell the borrower that Ican use the shares in Hanyang and Chongqing as collateral!!"

    "Chen Hua!" Lu Bicheng, who was eavesdropping outside the door, couldn't bear it anymore and opened the door with tears in her beautiful eyes

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