Chapter 689: The Federal Reserve
In August, the sound of Jin Yuan rolling pierced the entire Shanghai Beach and the air filled with gold dust began to boil. Head. The capital from Britain and the United States first killed individuals in the Shanghai capital market, the first battlefield arranged by Meng Xiang, and swept the money of the Jews who took refuge, the "Ri" himself who borrowed fish, and the money of the Chinese Yugong who sought interest, and devoured the dividends of the Chinese economy together. And the vanguard junta, which lacks funds, can only hold on to the bottom line of metal military tickets and work hard to hold on.
After all, the old financial predators in Britain and the United States have gone through hundreds of years of ups and downs, and in the face of metal military tickets that can use their own special value, they have been unable to bring down the exchange rate after shaking twice, so they have attacked from the periphery. Food prices and oil prices are sensitive, but the vanguard junta has long been prepared, and although funds are scarce, they are full of strategic reserves
ō dynamic balance.
For other people's biological resources, the cornerstone of domestic production has been laid and cannot be shaken. In addition, some strategic materials were under the control of the military, and they did not set off a big storm. However, because of the restrictions on subsistence allowance and the preferential policies for land in the north, the land has been smashed down as soon as it was supported by foreign funds.
At this time, Meng Xiang's security role in planning and controlling the financial system in other regions was reflected, blocking the flood of foreign funds, and could only be tossed in Shanghai.
Chinese financial elites from all walks of life have gone into battle shirtless, forming alliances in exchange rates, bonds, stocks, gold and silver, strategic materials and other markets, resisting the offensive of international predators.
This makes those foreign funds who are thinking that the vanguard junta's finances are about to go bankrupt and want to make a big profit, and it may be okay to mix some dividends, but it is not easy to make huge profits.
"Gentlemen, we can start another plan!" Henry Morgan, who had come to Shanghai in person, was unwilling to let him leave with only such results, which would make his father lament him again. The Morgan family controls half of the total assets of the big banks and big corporations in the United States, but since the death of the elder Morgan. The splendor of the Morgan family began to slide downward.
The outbreak of World War II was full of countless unpredictables, and he was sent by his father to prove himself to many people.
"But they're our friends!" An assistant beside him whispered, "And that would cause disorderly chaos!" ”
"Don't we need more chaos?" Young Morgan Jr. has inherited the family's hard-hearted heart.
Large sums of money went to the already low fiat market. As the number of metal stamps increases with the bullets that pop out, the range of fiat money that can be circulated becomes smaller and smaller. But after all, the Chongqing government has a basis, at least half of China, and the fiat currency can still be exchanged at will. Due to the advent of the vanguard metal currency. The inflationary pressure of fiat currency has been diverted, and although the currency printing press in Chongqing has been constantly rolling, it can at least be maintained within a range acceptable to the people.
But when this influx of foreign funds broke the last bit of foreign exchange guarantee of the fiat currency, the fiat currency began to dive.
The Chongqing government, which was caught off guard, was anxious every day, and even Meng Xiang didn't think of it. As far as he knows, this time Lao Jiang also introduced foreign aid from the United States and joined the profiteering fast food this time, but the six relatives of the capital did not recognize it.
The fiat confusion immediately had a huge impact on several fronts.
"If there is no continuation, you will be disturbed! We already have a new government. Fiat currency should have been completely eliminated a long time ago, and military tickets are not real currency after all! Zhang Junxuan persuaded. After all, metal military stamps are not regular currency, and there is no complete replacement for fiat currency, and it completely expels fiat currency everywhere. It led to this loss.
The depreciation of fiat currency has made the power of exchanging fiat currency concentrate and explode, which immediately expands the demand for metal military tickets. With the help of this depreciation of fiat currency, it is chaotic. The price of gold and silver, which had been suppressed by the vanguard junta, began to rise sharply, and the sharp plunge in the bonds of the Chongqing government contrasted sharply with the rapid rise in the bonds of the vanguard junta. It is as violent as Shanghai and Tianjin
The stock market moves the same.
At the same time, changes in the exchange rate market of fiat currencies have caused the exchange rate of metal military bills, which have a floating exchange rate, to rise sharply. Fortunately, many domestic and foreign orders do not require gold and silver foreign exchange. received
It's not too big, it's just a few orders down in the face of the influx of American goods.
The Japanese themselves also took advantage of the fire to crack down, and a large amount of money flowed into the fiat currency system, which was struggling to cope.
The southwestern provinces, which had been forced to circulate fiat currency, suffered heavy losses, and this wave of momentum soon spread to other places, and the resulting political and economic effects also made the vanguard military government scramble to deal with them.
"Our new currency is ready to be introduced, but the timing is missing!" Zhou Bai explained to his subordinates that it should be said that Meng Xiang had already planned to launch this new monetary system. It's just that the next step may be to face countless vicious battles, whether it is the Northern War, the Southern Expedition, or even the Transoceanic Expedition, many of which make Meng Xiang hesitate, after all, the anti-risk ability of paper money is much worse than that of metal military tickets.
Moreover, Meng Xiang also hopes to use the form of military tickets to completely control the economy in his hands, avoid the division of interests by foreign forces, and temporarily carry the crisis of confronting the great powers in the future.
But now. With the expansion and large-scale development of the economy, the defects of metal money are also undoubted. One of the root causes of the Vanguard's financial crisis was also caused by a shortage of money.
"Now that the world war has become a trend, the price of copper metal is rising day by day, and the outflow of metal military tickets is serious, and the supply exceeds demand. Monetary tightening has already hindered the next step in the economy's development, and we are using it to issue new money. It's time! At this time, by Meng Xiang's side, Xiong Xiling, Wu Dingchang and others also suggested.
"I'm afraid some people are coming for our new currency." Meng Xiang listened for a while before he sighed.
When the parties are fighting on the financial battlefield, the exchanges below are also constant. Meng Xiang has long found out the origin of these international capital flows, not to mention that there are many comprador elites on Morgan's side to intercede.
The public opinion methods of those financial predators have always been unworkable in the face of the vanguard army, which has huge public opinion tools and credibility, but there has always been no shortage of compradors in China, and there are even representatives of several major financial oligarchs in the United States who have come forward to help solve the problem of the vanguard army's financial crisis in the form of purchasing the bonds of the vanguard military government.
Of course, as a condition and condition, the issuance of a new currency by the vanguard that they rumored to be in the vanguard required bonds to be collateralized.
"The Fed's set!" As soon as he heard the theories of the high-nosed foreigner, Meng Xiang said disdainfully in his heart. Although the power of the Federal Reserve, which was established before World War I, has not yet fully emerged in front of the world, Meng Xiang has also been influenced by various secret histories in later generations, so how can he not understand the significance of the Federal Reserve and currency issuance?
He also suddenly realized: "No wonder, our economy has not yet declined, and if there is a big flaw, someone will come to attack." It seems that it is based on the right to issue currency, and the sense of smell is very sensitive! ”
Meng Xiang's speculation is not far from ten, the development momentum of China's economy is eye-catching, and China's continuous war against Japan and Soviet Russia, the huge consumption has been seen in the eyes of people with a heart. The victories of the predators in the United States and Europe stabbed them in search of more targets.
The vanguard junta's finances were uncoordinated, and it seemed that it was on the verge of financial bankruptcy, so it became the new prey of some. In particular, the call for the issuance of a new currency in China is increasing, and the corresponding plans have begun to be launched, which makes some people feel that the time is ripe for picking fruits.
"No matter how you guess, you would never have imagined that under my bankruptcy finance, there are still a lot of base funds in operation and support!" Meng Xiang snorted coldly. Now that he knew their fundamental intentions, Meng Xiang simply did not change to all changes, relying on the increasing strength accumulated over time to eliminate external threats.
After all, the financial strength of the vanguard army is there, not an empty illusory bubble, and the various physical economies and the huge market that has just been launched have become the cornerstone of the best economic contradiction transfer.
The Chinese financial corps, which is supported by metal military tickets, also relied on the good reputation of the vanguard military government and the trust of the people, and quickly stabilized their positions and slowly regained their lost positions one by one.
War bonds are still issued, and there are no coercive conditions from European and American predators. Just relying on the continuous defeat of Soviet Russia, which was retreating step by step under the German chariots, and the prestige of the vanguard army, the 500 million yuan war bond was directly digested in the Chinese world at home and abroad. Moreover, there are always countless free from the war in the international market looking for targets, they are not so ambitious, they just need rich dividends to fill them.
At this time, the war bonds of the Vanguard Army were favored by the outside world, and the $100 million was quickly sold out.
Coupled with the continuous flow of funds in Meng Xiang's hands, the financial gap of the vanguard military government was quickly filled.
When the news came in September that the vanguard junta announced that the new currency would be issued in October, the British and American capitalists, who had been fighting since July, suddenly fell silent.
However, Meng Xiang knows that this war in this special field is just the beginning, and perhaps the new currency war will be even more fierce in the future.
"The rejuvenation of China is facing challenges and crises from all sides at any time. The only way to maintain a complete victory is to become stronger, so that the enemy can only hide in the shadow of yīn in the corner, scared and trembling! ”!。