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Chapter 997: Financial Turmoil (1)

At the press conference, An Yi's wanton mockery of the Japanese soon spread through the mouth of the media, coupled with An Yi's angry attack on the shameless face of the British, An Yi's jealousy and hatred and strong sense of national self-esteem and pride deeply touched every Chinese son and daughter who learned the news. Pen fun and pavilion www.biquge.info

However, at this time, An Yi didn't have time to pay attention to the reaction of the outside world, but gathered with his own economic think tank in the conference room of the three-story small building of the garrison brigade on the shore of Chengbi Lake in Changchang, and discussed secretly behind closed doors.

With the imminent passage of the U.S. Silver Act, Citibank, Bank of the United States, Morgan Bank, Wells Fargo, etc., began to absorb the silver dollars circulating in the market at an increase of one percent beyond the market price.

Although in recent years, An Yi has intentionally increased the hoarding of silver, gold and other precious metal materials, but the domestic silver reserves that can be used to deal with the shortage of money are still insufficient, once the United States passes the "Silver Act", the Japanese will be moved, then due to the rapid loss of silver dollars, economic circulation will inevitably come to a standstill, when the United States formulated this good policy intended to stimulate China's demand and stimulate its domestic exports, it will become a tool for the Japanese to earn huge profits, so An Yi must take precautions to deal with all possible crises.

"Now we basically control the mining of most of the silver mines in southern Sichuan, Yunnan, Qianxi and Xiangxi, in addition, since we are now the only one who maintains secret business contacts with the Red Army, most of the silver they organized to mine has fallen into our hands, according to the price estimate at the beginning of the year, our silver reserves are about 100 million yuan." Zhou Chongan briefed the participants on his family background.

Lu Qijian, dean of the business school of Southwest University of Technology, who came to the meeting by special plane from Syria, said: "The dollar has begun to depreciate quietly in January, and as the comparison against silver continues to decrease, it can be expected that there will be a sharp increase in silver trading in the next few months." I am worried that the silver we have stored will not be enough to cope with this crisis, and if there is a shortage of money in the circulation of goods, it will greatly dampen the enthusiasm of consumers, and our booming industry and commerce in southern Sichuan will face a catastrophe. ”

Wu Zhefu, director of the Syrian Economic Research Institute, who came on the same plane as Lu Qijian, looked grim: "The domestic silver output is relatively fixed, and it is impossible to increase the production capacity much in a short period of time, so we can only find a way externally."

"I have to admit that at the beginning, many of us economists regarded the appreciation of silver and the appreciation of the money in our hands as a good thing, which means that we do nothing, and the currency in our hands suddenly increases significantly, and it seems that we can buy more things. However, economic activity is not as simple as one plus one equals two, and once the international silver price climbs, it will inevitably lead to a widening of the gap between China and the world silver price, and the export of silver and even silver dollars will become profitable.

"At the same time, the rise in international silver prices means that China's currency has appreciated sharply, coupled with a large number of silver exports, the foreseeable result is that China's prices will fall, domestic silver circulation will decrease, credit will shrink, and interest rates will rise, which will directly lead to serious deflation. On the one hand, the rising value of the currency will seriously erode the competitiveness of the export products produced in southern Sichuan, and on the other hand, domestic deflation and declining production will seriously weaken the purchasing power and consumption level of the people, and China's imports will also decline rapidly. Under the heavy blow in so many ways, the silver standard system that China has adhered to for a long time will collapse, and the currency issued by the credit of the national government will replace the circulation status of the silver dollar, and our southern Sichuan will also usher in a dark period of development. ”

Wu Zhefu's words caused everyone to think deeply, and the conference room fell silent for a moment.

Seeing the solemn atmosphere, Lao Shoudao stroked his beard lightly, and said with a smile: "In fact, you don't have to make a noise at all, the grass and trees are all soldiers, the Americans' purchase strength is limited, I don't believe that a country can put all the silver produced and manufactured by mankind in its own treasury, and the purchasing power of the United States does not allow it to do so, so at best, the shortage of silver is a few years, and when the Americans absorb enough, silver will naturally recover its inherent value." The so-called "no breaking, no standing", perhaps the crisis we face this time will become an opportunity for our development and rise. ”

Seeing everyone's puzzled eyes, Lao Shoudao smiled confidently: "Although I haven't studied economics, I know what people think and need." In the past two years, our South Sichuan Bank has developed rapidly, unconsciously covering almost all large and medium-sized cities in the country, in the economically developed Jiangsu, Zhejiang, Shanghai, Pingjin and other regions, our bank's business outlets have even opened to various towns and villages, of course, due to the reputation is not obvious, our business development is not good, the current income and expenditure is only in balance.

"But once the silver crisis hits, it's a different story. When most banks can't get the money, but our banks can easily pay and borrow money, what will be the impact on the people? As we all know, thanks to the latest alloying process, the silver content of the silver dollars we quietly issue is only about 75 percent, and the residue worn out after aging can be reused, so we have a clear advantage over other banks.

"For a long time, due to the fear of the reaction of the central government, we have hoarded more and more silver dollars in our hands, and we have not been able to sell them on a large scale, and at the same time, the five currencies we use to make aluminum-nickel alloys, such as five jiao, two jiao, one jiao, five cents, and one cent, are only circulated in the southwestern provinces and neighboring provinces such as Hunan, Hubei, and Shaanxi, and Jiangnan and the Central Plains have no way to penetrate into it, but as long as the credit of our banks is opened, sooner or later these places will also recognize the currency we issue.

"You might as well put yourself in their shoes, if the central government abolished the silver standard system and only relied on government credit to issue paper money, and at the same time our banks and commodities still used our silver dollars to exchange, on the one hand, as long as the government issued paper that would depreciate, on the other hand, there was a silver dollar with a preserved value, you are normal people, which currency would you choose?"

Lao Shoudao's words opened everyone's minds, and everyone gossiped and expressed their opinions, but in the end, they went around to the fact that there was not enough silver in their hands to support this protracted financial turmoil.

An Yi listened carefully to everyone's speeches, thought for a while and said, "I have already sent a telegram to the United States to inquire about Fourth Brother Lin and Zhiyuan's silver hoarding. But here I can tell you, don't worry about the silver shortage soon, since the beginning of the 31st year, the Chinese Youth Society of the United States has begun to send ore to our country, about one-tenth of which is silver ore, after being made into finished products at our refinery in Syria, part of it is used for the production of silver dollars in the mint, and the rest is directly stored in our material warehouse.

"You may have always wondered, where did the money we have made for heroin, ecstasy, methamphetamine, etc., which we have produced and shipped to Europe and the United States over the years, go? And our penicillin, sulfonamides and the latest ephedrine-based special cold medicine and other medicines, the market has always been in short supply, where is the other profits earned from smuggling channels?

"During the Anti-Japanese War on the Great Wall last year, our scientific and technological personnel successfully cracked the mixed pulp ratio and manufacturing process of various denominations of Japanese banknotes - from engraving, molding, plate making, to the composition of several inks in the printing process, the process of drying and reprinting after printing, the ink overprint number and code, etc., until the final cutting and aging, all of which have undergone rigorous tests, and finally our intelligence officers took the 100,000 yuan counterfeit money produced to the Tianjin branch of the Japanese Zhengjin Bank for storage, and successfully passed the acceptance of the bank. Everyone has been asking me, for more than half a year, we have been quietly buying the bark of the three trees and the timber of the goosebark tree, the Portuguese tree, the tree and the tree of the tree. Now I will answer, in fact, these materials are the raw materials for the production of the yen, and we have already produced a large number of yen that is difficult to distinguish between real and fake. For more than half a year, we have quietly sold about $30 million worth of yen through banks in the United States and Nanyang, but we have not yet attracted the attention of all sides.

"In addition to supporting the economic construction and development of southern Sichuan and providing the best weapons and support for the army, there is only one place to use all the money earned, and that is to hoard gold, silver and oil. Regarding the storage of oil, it may be clear to everyone that we have applied for patents internationally for various types of oil barrels, which are specifically used to store and transport oil, but the storage of gold and silver may not be so clear. These are chaotic times, and gold and silver retain their value to a certain extent relative to other currencies and materials, so despite the low price of silver in the past few years, I still ignored public opinion and quietly bought storage, and now it seems that the effort has not been in vain. ”

As soon as An Yi's voice fell, deafening applause immediately rang out in the conference room, and everyone appreciated An Yi's forward-looking vision.

After the applause stopped, An Yi said again: "In fact, the appreciation of silver this time is also good news for us. For a long time, due to the low price of silver, we have introduced technology, purchased machinery and equipment and raw materials, etc., and spent money like water, which made me feel distressed to death. Well, now that the dollar has appreciated, I can pay a little less...... As we all know, although Huaqingshe and we are brothers, but the brothers still have to settle accounts, since three years ago Huaqingshe under the name of Jiahua Group became the main supplier of ore to our Jiangnan Group, has been through its mines in the United States to send us high-quality ore, last year in Australia found a large reserves of silver, copper and iron ore, the supply of the place was transferred to Australia. Because of the high quality of the ore purchased by foreign countries, and the fact that it is easy to mine close to the surface, the price of our purchase is even cheaper than that of our own mines, so the volume of trade is increasing, and last year it exceeded 500,000 tons. If it weren't for the fact that we would have to rely on our own ore supply due to the severance of the Sino-Japanese war, I really don't want to work hard to find ore everywhere in the southwest region. Uncle Lao and Chong'an know that I have always paid this money in full, and although some of it has to go back to my pocket in the end, every time I give the money, it is as uncomfortable as cutting meat......"

Everyone laughed when they heard this, everyone's face regained their looks, and they were once again full of expectations for the future of their group.