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Text Chapter 546 One copper plate has two sides

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    "Yesterday I went to a banquet. When I arrived at a friend's house, I saw that the door of the bank next door was overcrowded. Businessmen, rickshaw drivers, footmen, women and children were all vying for the first place with deposit receipts in their hands. The police could not stop them even if they blew their whistles. The number of people queuing up ranged from tens of thousands to less than three to five.  When I heard that the price of silver had increased, I was moved. After the banquet, I called Guangzhou and Tianjin, and the answer was the same. Yellow and white things seem to become famous overnight, opportunistic, generous donations to the country, all living beings are like this. When writing this manuscript, my wife  I have a deposit certificate of 200 from the Bank of China, and I want to ask if I can exchange it. I say that the foundation of the nation cannot be destroyed by silver. Western guns and artillery are not in a good position, so they resort to tricks. This is really a delusion!

    The Shanghai Communique shattered the Chinese dream. China was no longer the Manchu court it once was. However, the people lacked confidence and mistakenly thought that foreign barbarians had returned.  Therefore, I would like to say that in the Republic of China, there are not many machines, but silver is everywhere!  The dream of 40 million people cannot be realized without baptism. Cholera silver can only unite our hearts and cheer up our people.  "

    ? ¡ª¡ªRepublic of China Central Daily.

    The silver crisis that started in Shanghai began to spread. Guangzhou, Wuchang, Chongqing, Tianjin and even Hong Kong and Singapore all moved after hearing about silver.  Banks are overcrowded every day, and people who go to the exchange to wait for news are even more so. The whole country is swept by the gradually expanding trend.

    Singing and dancing took place in the British Chamber of Commerce on the bank of the Huangpu River. Men and women dressed in formal attires were played to the melodious sound of saxophone. Golden champagne poured out of the bottle and released countless white foam.  Suddenly, the melody suddenly changed, and the Marseillaise, which represented victory and carnival, flowed from the stage. A man from the Bank of France raised his wine glass: "Guys, the Chinese are in trouble. Their silver reserves are about to run out, and it's time to let them go."  They spit out war dividends. To victoryhurray!"

    "God, how I wish time could stop at this moment forever."

    ¡°For our gold and silver.¡±

    "I would rather know what the expression of Mr. Yang Qiu is now? Maybe we should prepare a train of carriages."

    "Ha ha"

    The laughter in the banquet hall was unbridled, and greed and extravagance reveled to their heart's content, venting from the bottom of their hearts their contempt for this country that they used to look down upon.  In their eyes, China should export cheap labor and resources.  It should be turbulent, poor, and backward!  There shouldn't be any industry in this country.  There should not be any national capital!  Because only in this way can they provide a steady stream of miner coolies for the world colonies behind them, and allow them to unscrupulously change their gardens into racecourses.

    In the corner of the hall.  Hangel stood quietly by the window, scorning this carnival.

    William Hamill noticed him, picked up two glasses of red wine from the waiter and walked over to him. While handing over the wine glasses, he asked: "Your Excellency Hangel, why are you so depressed? Their inventory is running low. In the stock and bond markets,  I can already smell the dollar, any questions? Are you feeling sad for your friend?"

    Hangel took the wine glass and glanced at the carnival crowd lightly: "Sir William, don't you think it's too early to do this?"

    "Really? Does Mr. Yang Qiu still have the strength to make a comeback? His silver inventory is less than half, and his foreign exchange still needs to look after stocks and bonds. His people have done a disservice and locked up more silver in their wallets.  He cannot be released. More importantly, he lacks an effective financial team and helpers. Do you really think he will use gold to make a comeback?"

    "Of course not." Hangel shook his finger affirmatively: "For Yang, gold is the pillar of the country. As long as he keeps the gold, even if he discards all the silver, he can still rebuild the country and financial order with his ability."

    William Hamill looked at Hangel strangely and asked, "Then what are you still worried about?"

    Hangel smiled: "Your Excellency William, do you know why President George Washington was able to lead our United States of America to victory? Maybe you know better how Lord Abraham achieved victory."

    William smiled, secretly cursing this American cowboy for not opening any pot. The British Empire kept silent about this past incident.  This guy used it to compare the current situation!  Although he was extremely reluctant, he still said politely: "George and Abraham are my most admired heroes. Their victory is due to their own efforts and upholding the will of the American people."

    "Haha" Hangel suddenly laughed, wanting to scold him for being hypocritical.  Waving his hand: "Sir William, I know you don't want to mention this past event. But what I want to tell you is that President George Washington's victory lies in the never-before-seen "Declaration of Independence," which Mr. Abraham issued in front of the whole world.  The Emancipation Proclamation, these two different proclamations actually have one thing in common"

    "What do they have in common?"

    Hangel handed the red wine without taking a sip to his assistant and became serious: "First,They are all great leaders.  Second, they all have the ability to change the rules of the game!  Similarly, in this country, Yang Qiu has become an unshakable leader by virtue of his victory in the war, so he is fully capable of changing the rules of the game at any time!  I think such a celebration is too early, and unless the British Empire and the United States of America are willing to go on an expedition to China, the consequences of angering him will bethe emergence in the East of a country that, like Moscow, has abolished all liberal rules!  "

    No matter how stupid he was, William knew what these words meant, and his face suddenly changed: "Your Excellency Hangel, do you mean that he will unite with Moscow? Is he going to violate the promise he made in the U.S. Congress?"

    "Your Excellency William, as far as I know, the Russian envoy Karakhan is in Nanjing. And don't you think that politicians are no different from Broadway actors? I know him. He is a good actor. From what we know,  He has been acting since that day. Of course I must admit that he is an actor who regards the country as his life and can infect people's hearts." After finishing speaking, Hangel smiled slightly, turned to his assistant and asked: "Yang Qiu  Are you still in Shanghai?"

    ¡°I heard that he has returned to Nanjing to welcome the birth of his second child.¡± The assistant said.

    "I think I should go see him before he gets completely irritated." After Hangel said that, he immediately walked out, but stopped suddenly when he was halfway there. William Hamill thought he had something to say,  But after a while, he sped away again.

    Hangel set off for Nanjing to prepare a price list, but the silver crisis continued to ferment and expand.  Just like the 1924 franc crisis in the parallel world, although the central and provincial local governments have issued temporary regulations strictly prohibiting private speculation, they still cannot stop huge amounts of silver from being exchanged.  Paper money was sold off.

    In front of the Zheshang Bank in Nanjing, dozens of students held up banners to protest British and American financial interference. Several businessmen who wanted to go in to squeeze silver were blocked at the door before they could enter.

    "Don't exchange for silver! Now foreigners are eager for our silver to tighten. We should support the country."

    "Fuck you, the money in my hand will become useless paper. If you don't exchange it, give me something to eat and drink."

    "Why are you so unreasonable? The crisis is only temporary. Only when banks have silver can they deal with foreigners."

    "I don't care if you are a foreigner or not, get out of here!"

    Students and businessmen got into a huddle, pushing and shoving in a violent manner. Fortunately, several police officers came to push both sides away and the conflict was stopped.  Seeing that they could not stop the merchants from continuing to squeeze silver, the students became even more anxious, and several girls even started to cry.

    In the car in the distance, Yang Qiu clenched his fists when he saw this scene.  Next to him, Zhang Wenjing thought he was worried about the crisis and said quickly: "Don't worry, Vice President, good news has come from Yan Xishan and Kuang Jingyang. Merchants from Shanxi and Nanyang have taken action. After the newspaper publicity, patriotic businessmen all over the country have also taken action.  I expect that we will be able to gather 5,000 tons of silver again in just 10 days at most. And I have discussed with the Prime Minister's Office that if the situation worsens, all transactions will be frozen! Temporarily close the exchange. Waiting for the whole country  The market will reopen after stabilization.¡±

    "Wenjing, actually"

    Looking at Zhang Wenjing¡¯s red eyes after staying up late, Yang Qiu suddenly sat up straight, his eyes painfully watching his Adam¡¯s apple squirming, as if he had something urgent to say, but when he reached his mouth, he suddenly suppressed it.  Close your eyes and slowly lean back on the chair.  This weird behavior made Zhang Wenjing very strange, and he quickly asked: "Vice President, do you have anything to say?"

    Not only that, it¡¯s almost overwhelming!  But can you say it?

    Although his financial knowledge is very poor, it can be said that he has no financial knowledge at all, but at least he knows the methods to deal with speculators in the early days of the Republic of the Parallel World, and he also knows the famous "Glasstier Act", so after getting through the initial panic, he has actually  I thought of ways and countermeasures.

    Check exchanges, return transactions to 0, limit short buying and selling, cut off gold and silver output, formulate strict silver laws, etc.  Sitting in his position, he had many ways to deal with this kind of speculation, but there was one biggest problem that kept him suppressed.

    That isthe global financial crisis 9 years later!

    Later generations have analyzed this crisis very thoroughly, and any talk of manufacturing surplus is a lie.  The real reason is that the United States obtained too much gold and silver during World War I, and in order to keep the gold and silver, Wall Street came up with the most disgusting things in the world.  It is to use gold and silver as low-pressure materials to issue national debt, and then throw the national debt to Britain, France or investors, so that the huge gold and silver reserves are frozen in the United States and cannot leave.

    It was okay to do this in the first five years of the European post-war recovery period, because the market and European manufacturing had not yet fully recovered. However, after the global manufacturing industry recovered five years later, everyone discovered that they were facing an extremely serious problem.

    No money!

    ?In the gold standard era, any currency must be measured to be equivalent to gold and silver, so there are strict regulations on currency issuance. Currency cannot be issued without gold and silver, otherwise it will depreciate violently!  But the problem is that the United States alone owns one-third of the world's gold and silver, and locking it up with national debt is equivalent to holding one-third of the world's money in its hands.  So when Europe's manufacturing industry recovers, a large number of manufactured goods will face a deflationary and moneyless market.  So Wall Street came up with another "clever trick", which was to amplify credit buying and selling, and in the most crazy times, it even amplified it to dozens or even hundreds of times.  In this way, virtual money comes out and world liquidity is restored.  But the problem is that virtual currency cannot replace real currency, so when the UK withdraws funds, it eventually leads to the outbreak of a century-level financial plague.

    This kind of short buying and selling behavior is actually a set of things that the capital tycoons behind Hangel are currently playing. If they implement the restrictive measures in 1929 now, then when the economic crisis really breaks out, European and American countries that pursue pragmatism and appropriationism will  It takes no brainer to copy this bill, quickly solve the crisis, and reverse the biggest financial tragedy in the history of the white world!  Without the crisis of 1929, or the time was too short to have the tragedy of six full years, the world economy that had entered the fast lane at that time was something that China would not be able to catch up with. Without 1929, where could one buy so many extremely cheap machinery and equipment?  Without 1929, where would we get hundreds of thousands of technical talents and immigrants?

    Yes, any country-to-country confrontation cannot be pushed back by conspiracy alone, but the problem is that as long as the United States does not take out those gold and silver, the world's gold and silver production is far from being able to meet the strong demand for commodity trading. In addition, China's poverty alleviation progress  Entering industry also locks up a large amount of gold and silver and other factors. The leverage effect of the economy will cause the 1929 crisis to be larger than in history, even more!

    China has a population, a huge market, a small manufacturing industry, and very little external exports. In addition, it takes decades to build an endless infrastructure, which makes it many times better than Europe and the United States to withstand crises!

    Therefore, what is before him is a completely unsolvable problem. Either he comes up with the Chinese version of the "Glass-Steele Act" in response to the 1929 crisis, or he takes a temporary step back and tries his best to preserve currency rights. Domestic manufacturing, financial  strategic industries such as industry and communications, and then secretly accumulate strength to survive the past few years.

    The concession now may be a hundredfold return!  But the problem isNothing is absolute. What if I am wrong?  Therefore, outsiders can't imagine how intense the young vice president's inner struggle is at this time.  Moreover, he still has no one to talk to about his inner secrets, so he has been away from this world from beginning to end.  There is no way, a soul living in the world of the Internet, TV and advertising, back to this era How can there be real friends?

    Yang Qiu¡¯s eyes narrowed slightly, looking at the students who were still fighting, and his heart ached

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