The Bank of England issued a financial crisis warning? Yi Zhizhi was stunned, he knew in advance about the large-scale and long-term economic crisis of 1873, and the Bank of England could actually be aware of the financial crisis in the United States at this time? Now there is at least half a year left before the outbreak of the economic crisis in '73!

Besides, the current situation in the United States has not yet reached the point of a financial crisis, at most it can only be said that there are signs of a financial crisis, is it the beginning of a financial crisis in England itself?

After reading the telegram, he was silent for a long time, and the Bank of England did not directly refuse to cash the credit notes, but stipulated strict conditions for re-discounting, because the conditions were harsh, most of the credit notes could not be discounted, and at the same time, the Bank of England's rediscount rate was increased to 5%.

It seems that this is not just for the United States, but for England itself with the signs of a financial crisis! For the United States, this is clearly adding insult to injury.

The post-war economic prosperity of the United States was built on the basis of large-scale railroad construction and the massive influx of European capital, and most of the funds flowing into the United States were in the form of financing, and the flow of funds was completed through credit notes.

The New York Stock Exchange was closed for a day, but it was the first reaction, and the real impact was on the banking industry in the United States, and the failure to honor most of the credit notes would trigger a serious credit crisis, which would be a fatal blow to the banking industry!

Seeing that he was silent, Zhao Liewen was a little puzzled, and said tentatively: "Could this be a signal of an economic crisis?" ”

"It should be." Yi Zhixin is also a little uncertain, after all, from the perspective of time, it seems to be early, "The New York branch pays close attention to the situation on Wall Street and reports at any time." After a pause, he continued: "I will also report the situation of London Economic and Financial City at any time. ”

Zhao Liewen left, he lit a cigarette, slowly paced to the window, the Bank of England raised the rediscount rate, and stipulated strict conditions, which is commonly known as monetary tightening, which shows that the gold reserves of the Bank of England are threatened.

The Bank of England tightened its monetary policy, ruthlessly bursting the economic bubble caused by the railroad construction frenzy in the United States, and the securities and stocks that were previously popular with investors and speculators suddenly became chicken ribs, but no one realized that the largest and longest economic crisis in history was looming, and many people were reluctant to leave.

Because a large number of credit notes could not be cashed, many banks in the United States fell into a scorched situation, and their business shrank rapidly, and banks of all sizes were the same, busy collecting loans!

Two months later, the same situation occurred in the banks of England, and all the bankers had only one thought left in their heads, to collect loans! Collect loans! Collect loans!

The panic of the financial crisis began to spread from England to other European countries, and countries have tightened their monetary policies, even Germany, which received huge war reparations in the Franco-Prussian War, and then implemented the gold standard and issued a new currency, the Golden Mark, in order to establish the position of the Golden Mark in the European currency market, Germany lent large amounts of low-interest loans to European countries, but under the panic of the financial crisis, it also began to take measures to tighten the monetary base.

The whole world is tightening the monetary base, the only exception is the Qing Empire, after throwing out the five-year plan, the stimulus plan of 400 million silver dollars was officially launched, Yuanqi Bank released a large number of low-interest loans, mines, factories have sprung up in the provinces, suitable for the start of farmland and water conservancy projects in the winter have also been carried out in the provinces, followed by the urban reconstruction projects in the provinces, a hot scene.

The same is true of the securities market and the stock market, the securities market and the stock market of all countries in the world have fallen into a downturn because of the panic of the financial crisis, but the securities market and stock market in Guangzhou and Shanghai in the Qing Dynasty are bullish, and the stock index has been climbing all the way and constantly hitting new highs.

The stock index is rising, the stock market is also hot, the trading hall is crowded, Huo Qizheng, who is sitting in the office on the third floor, can faintly hear the noise in the hall, "Tick Ring" The crisp phone rings, pick up the phone, listen to the voice of Yi Zhi, he unconsciously owes slightly, "What does the big shopkeeper command?" ”

"Sell all the bonds and all the tradable stocks held by Yuanqi, and the same is true for my private account." From the microphone came Yi Zhi's unusually clear and calm voice.

Huo Qizheng listened to the heartbeat, the bonds and stocks held by Yuan Qi are not a small amount, Yi Zhizhi is satisfied that the number of bonds and stocks on the private account of the big shopkeeper is also huge, once all of them are thrown, it will inevitably suppress the current market, and he groaned slightly, before he tentatively said: "The big shopkeeper, is it slow or urgent?" ”

He is naturally particular about asking like this, slow selling is cashing out, and urgent selling is suppressing the stock market, Yi Zhishu answered very directly, "Slow first and then urgent." ”

This is both to cash out and suppress. Huo Zhengqi didn't ask much, and said respectfully: "My subordinates understand." ”

Yi Zhicontent, who was waiting, put down the phone, and Yi Zhengxing said suspiciously: "Why did my father suppress the stock market?" ”

Pacing back to his seat, Yi Zhizhi said slowly: "The world is bustling, all for profit, and capital is even more so, good at choosing profits and living, good at flowing from high to low in pursuit of greater profits, the stock index is too high, which is not conducive to international capital chasing profits." ”

"What about cashing out?" Zhao Liewen said with some concern: "Won't it be to increase capital investment?" Now prices have begun to rise....... ”

"Rising prices are not a bad thing, especially for agricultural products." Yi Zhishu smiled: "However, the purpose of cashing out is really not to increase investment, but to have other uses." ”

Seeing that he was reluctant to say, and the two of them were not easy to ask, Yi Zhengxing turned his head around, "The amount of international capital absorbed is too large, will there be risks?" ”

"Are you worried that we will follow in the footsteps of the United States?" Yi Zhizhi said disapprehantly: "Don't worry, we are not the United States, for the inflow of international capital....... That's Han Xin's soldiers, the more the merrier. ”

After a pause, he continued: "To attract international capital, we must not only cool down the stock market, but also open up a larger market. ”

Hearing this, Yi Zhengxing and Zhao Liewen couldn't help but look at each other, at present, the Qing Dynasty has only opened four treaty ports, and suddenly opened up several provinces, is the pace of opening up too fast?