. "Does Mr. Mao feel a bit like a war?" As if seeing Mao Zemin's doubts, Zhang Xueliang took a sip of wine with a smile, lowered his voice and said:

"We are no better than you in the Soviet area, and we will resolutely obey an order from the Party Central Committee. And...... There is also a foreign concession, which is a country within a country. Our orders don't work at all, and what's even more troublesome is that the real financial center in the north is the Tianjin Concession at the moment. There are nearly 20,000 banks, money banks, ticket numbers and other financial institutions, and the funds in and out every day are recorded in tens of millions, and the total deposits include legal currency, silver dollars, foreign exchange, and banknotes issued by other banks in the north are estimated to be as high as more than 1 billion yuan. If...... If we don't win the market in the Tianjin Concession, then the silver dollar coupons will not be able to truly replace the fiat currency and become the hegemon of the northern banknote market. ”

Mao Zemin nodded and took a deep breath. Although he is the president of the "central bank" of China and G, he is in fact a layman in finance. The business of the China Soviet Bank was much simpler, and with just an instruction from the Central Committee of the Chinese Communist Party, the "Soviet currency" issued by the China Soviet Bank became the only currency in circulation in the Soviet area without any suspense......

"Zhang Shaoshuai, then what method are we going to use to enter the Tianjin market this time? I've heard...... In the 14th year of the Republic of China, the entry of fiat currency into Shanghai encountered great trouble. Mao Zemin glanced at Zhang Xueliang, with some hesitation on his face.

"Governor Mao." It was Zhang Naiqi who took over the topic and answered, he personally experienced the "fiat currency turmoil" back then. Zhang Junzi smiled slightly and replied: "Back then, the right wing of the Kuomintang used such a method as running on the banks to put the fiat currency into Shanghai. But let's ...... Naturally, you can't use such an unpopular trick. Although the banks were controlled by the Kuomintang and bureaucratic capital, the depositors who deposited there were innocent, and if they collapsed, a large number of people would be harmed. ”

Mao Zemin nodded, and said with a smile: "Mr. Zhang is right, we can't learn from them. We want to compete with fiat currency in a dignified manner, but ......" He looked at the noisy scene of people in the surrounding area, then turned his head and said to Zhang Zuolin with a smile: "Yushuai, this doesn't seem to be the place to talk. ”

Zhang Zuolin was stunned, his eyes rolled, and he said with a smile: "There is also a banquet in the back garden, just invite Mr. Mao and Mr. Zhang to get together." ”

Mao Zemin and Zhang Naiqi hugged their fists and said in unison: "I don't dare to ask for it." ”

Zhang Zuolin stood up lightly and glanced at his son, and Zhang Shaoshuai immediately stood up. Zhang Zuolin took a solemn posture, led the way in front of his head, bypassed the screen of the main hall, passed through the layers of portals, and walked towards the back garden of the palace. Yang Yuting, general counselor of the Fengjun Army, Pan Fu, premier of the Fengjun Government, Chen Jiongming, chairman of the Zhi Gong Party, and others also left the meeting one after another and quietly followed.

……

The back garden of the palace covers a large area, and there is a hand-dug pond in the middle. Now it is the spring of March, and the grass is already green and red, rippling and hebi. In the glass flower hall on the bank of the lotus pond, a table of banquets has been set up. It is full of four o'clock and eight treasures, and there is a red Sichuan hot pot in the middle, the red water splashes are tumbling up and down, and the chili peppers and peppercorns floating on it also exude an attractive atmosphere, which is in line with the taste of Mao Zemin, who is a Hunan person. It can be seen that the attitude of the Zhang family father and son towards Zhongg is indeed extremely respectful.

The group sat down separately, exchanged a few words of greeting, and then entered the theme again.

This time it was the "big butler" of the current Feng Department, Pan Fu, who is known as a genius in Jiangbei, and he is also the commander-in-chief of this "currency war". This talented man, who was born with a polite quality and a little bit of fortune, helped his gold-rimmed glasses, and said with a smile: "The southern banknote issuance market before the 14th year of the Republic of China is similar to the current north, and all banks, ticket numbers, and money banks can issue banknotes, as long as someone is willing to accept it." The trade of this 'printing banknote' was naturally profitable, so the Shanghai banking industry at that time was very reluctant to let fiat currency enter, let alone let the banknotes be issued. The Kuomintang was also bent on monopolizing the issuance of banknotes, so it issued an order not to allow banks in the Kuomintang-ruled areas to store and exchange all paper money except legal tender and foreign exchange. As a result, all the banknotes issued by Shanghai's banking industry flowed back to Shanghai, and the Beiyang government collapsed at that time, and a large amount of treasury bonds accumulated in the hands of the banks almost became waste paper. As a result, there were widespread runs on the banking sector in Shanghai, Beijing, and Tianjin. The final result was that most of the banks surrendered to the Kuomintang, and a small number of banks, such as the Bank of Communications and the North Fourth Bank, accepted the capital injection from the Yokohama Zhengjin Bank and cashed back the banknotes circulating in the south. As a result, the right wing of the Kuomintang monopolized the right to issue banknotes in the south, which is probably the most important turning point in China's economic revival in South China."

Mao Zemin was stunned when he heard this, and was silent for a while before he said: "Listen to Mr. Pan...... Is it a good thing that the Kuomintang has a monopoly on the right to issue banknotes? ”

Pan Fu smiled heavily: "Of course it's a good thing." Otherwise, why would we set up a 'United Reserve Bank' to issue banknotes? Compare the currency of the North with that of the South, where it is basically a fiat currency in circulation. Trading, settlement, and exchange are all very convenient. And what about us? It is said that it is the silver standard, but it is not known whether it is the silver standard or the silver dollar standard, and the silver two and silver dollars have various specifications, and the fineness and weight of various silver dollars are also different, so foreign banks have artificially created a virtual 'standard yuan' as the standard currency for settlement. All kinds of banknotes and silver dollars of various fineness and weights must be exchanged for 'regular yuan' according to different prices when trading and settlement. The level of hassle and the cost of handling fees are very high. If, like the South, there are hundreds of thousands of factories and merchants, hundreds of millions of transactions every day, and billions of dollars in investments from all over the world, we have to settle accounts like we do here......"

Speaking of this, Pan Caizi just smiled and shook his head, smacked his wine and changed the topic: "And we can issue banknotes here not only banks run by Chinese." Foreign banks also have the right to issue notes, for example, the Northeast is currently issuing the most banknotes in Japan and North Korea."

"What" Mao Zemin was secretly taken aback, it was too reactionary and too traitorous for foreign commercial banks to issue banknotes in China......

Zhang Xueliang on the side took over the topic and sighed: "Their North Korean banks can not only issue banknotes in China, but the banknotes they issue are stronger than ours, and our bills are for various reasons...... It is now out of the market. At present, the Northeast is competing for the market with fiat currency and the 'golden bills' issued by the Bank of North Korea. Moreover, it is the Japanese 'golden ticket' that has the upper hand, after all, they have a long history and a good reputation. ”

"That's why we want to set up the 'United Reserve Bank' to unite everyone's forces, not only to compete with the Kuomintang's fiat currency for the market, but also to compete with the Japanese for the golden ticket in the future," Pan Fu slammed the table and shouted:

"If the Kuomintang rightists had not been indiscriminately issuing paper money, they could have used fiat money, which was pegged to the silver dollar, to slowly squeeze out foreigners' banknotes. But how can their attitude of indiscriminately issuing paper money make the Chinese people believe it? The only way to do this is to create a joint note-issuing bank that is not controlled by any one faction alone. Only in this way can we win the trust of the Chinese people. Of course, government support is also essential, and having the power of the government can greatly speed up this process. Therefore, our plan this time is to run on the fiat currency first, and then the Fengjun military government and the Shandong provincial government will sort out the fiat currency in the hands of the banks on their respective territories and forcibly exchange them into silver dollar bills...... However, there is no way to implement such measures in the Tianjin Concession, unless ...... The Feng army could send troops to forcibly reclaim the concession. ”

Zhang Zuolin twisted his eyebrows and his face was a little solemn, as if he was fighting in his heart, and after a while, he sighed: "My army of 400,000 tigers can enter the concession at any time, and it is only ...... We have now achieved 'peaceful reunification' without the order of the president, this ......"

"Alas......" Pan Fu shook his head and sighed: "They have already laid down the banner of ** and defected to imperialism, which is beyond their reach, so they can only use economic means to squeeze the fiat currency out of the game." This economic means...... It's a run on fiat currency."

"But what are we going to do? We don't have a lot of fiat currency in our hands, do we? Mao Zemin still shook his head, completely unaware of what the other party was talking about.

Pan Fu laughed: "Whether it's a run on the bank or a run on the currency, it doesn't rely on real power, but on small and big." It is necessary to cooperate with the economic situation and the tools of public opinion, find the opponent's death hole when he is the weakest, and kill the enemy with one blow, for example, now is the time when the Kuomintang's fiat currency is the weakest. ”

“…… First of all, they signed the "Sino-US Monetary Agreement" with the United States, betraying national sovereignty, losing people's hearts, and decoupling the fiat currency from the silver dollar and shaking their confidence. Second, the $500 million loan promised by the Americans has not yet been received, and the American government is a small government, and there is a gap of several months for such a large loan to be approved by Congress. If you wait for the $500 million to arrive, it will be much more difficult to run on it. Third, the foreign exchange reserves in the hands of the Kuomintang are estimated to be only 700 million to 800 million US dollars. Five fiat currency, as long as there is 2.8 billion fiat currency, the Kuomintang's fiat currency plate can collapse, and then I am afraid that it will not be the fiat currency that will withdraw from the north, but our silver dollar bills will replace it nationwide. ”

"But we have tens of millions of fiat currency in our hands," Mao Zemin's words were a little deflated, and after listening to it for a long time, it turned out that it would take 2.8 billion fiat currency to defeat the plate of fiat currency......

"Hahaha......" Pan Fu shook his hand and laughed: "This is another dead hole of fiat currency, if China has been dominated by the Kuomintang." Of course, their current fiat currency plate is holding on...... Because in the event of a crisis, they can control the major banks, and the monopoly conglomerates behind the Kuomintang reactionaries will also support them. Because there are no other forces in the country that can provide new options, everyone can only support them. As long as banks and consortia hold the source of fiat currency supply, it is simply a fool's dream to rely on tens of millions of yuan to run on it. However, at present, we have a large territory in the north, and there are 200 million yuan of fiat currency circulating in it, which is our real ammunition."

Mao Zemin still shook his head slowly, and saw Pan Fu's eyebrows dancing to explain how to defeat a currency that seemed to have such a strong foundation. Although he didn't understand it, his intuition told him that these so-called national capitalists were ...... In fact, as dangerous as the monopoly capitalists, today they can help the party to defeat the fiat currency, and tomorrow they can also make the su currency a waste paper

How did Pan Fu know that others were already looking at him with colored glasses, and he was still there and said with relish: "Now there are seven big banks in the North Fourth Bank, the Bank of Communications, the Border Industry Bank, the Guanyin of the Three Eastern Provinces, and the Beiyang Industrial Bank, and the fiat currency in their hands is estimated to be one billion yuan." In particular, the Bank of Communications is one of the top 10 banks supported by the South, with total assets of more than one billion yuan, and hundreds of millions of cash can be mobilized in legal currency...... And it can also borrow money from other banks. They are the real main force in this battle to bring down fiat currency, and our current 10 million cash is just used to build momentum. First of all, our people took the money and disguised themselves as ordinary people to exchange silver dollars and foreign exchange in major banks in Beijing and Tianjin, creating the impression of a run. Then the Fengjun Military Government and the Shandong Provincial Government came forward to 'maintain' and exchange the silver dollar coupons issued by us for the fiat currency in the hands of the major banks in the north. Then use the exchanged fiat currency and the fiat currency raised by the seven major banks to launch a 'sniper fiat currency' campaign in the concessions of Shanghai and Tianjin at the same time. ”

"But that's only a billion ...... They can eat 2.8 billion," Mao Zemin shook his head and asked again.

Pan Fu said with a smile: "The next thing is to rely on public opinion and follow the trend...... In fact, most of the common runs in our financial world use rumors to create panic and then incite depositors to follow suit. As long as the tide comes, driven by panic and seriousness, thousands of depositors flock to the banks at the same time to squeeze their cash, and basically no big bank can withstand it. This kind of thing is very common in the banking industry in northern China today. At present, the total plate of fiat currency exceeds 20 billion, and we have more than a billion in our hands, as long as a few percent of the plate follows up, the Kuomintang's fiat currency will collapse within a few days, and then their ** rule will naturally ......"

After listening to Pan Fu's plan, Mao Zemin couldn't help but gasp, and he was also surprised and happy in his heart. The good news is that the Kuomintang seems to be flourishing with flowers, but it turns out to be so vulnerable, and what is surprising is that the power of these national capitalists is really too great. It is possible to mobilize more than a billion yuan of money through the banks under its control, and it is easy to crush a country's currency and destroy its economy...... Grandpa Marx's words are absolutely true, and these capitalists must not be allowed to control the economic lifeblood of the country, and they must be economically eliminated in the future

……

At five o'clock in the afternoon of March 18, the 17th year of the Republic of China.

In the building of the Nationalist Government, in the conference room, a full house of Kuomintang civil and military officials sat solemnly, holding a document stamped with the red "special urgent" stamp in their hands and looking at it over and over again. Hu Hanmin, chairman of the Nationalist Government, sat on the seat at the head of the conference table, sweating profusely, constantly wiping his handkerchief, and his face was gloomy and terrible.

This document is a copy of four secret telegrams sent by the Military Intelligence Bureau and the Central Bureau of Investigation, two Kuomintang secret services. Wu Chong, head of the Tianjin Station of the Military Intelligence Bureau, reported: "The major pro-Kuomintang banks in Beijing and Tianjin have all received requests from the major northern banks at the same time, such as the Beisi Bank, the Frontier Industry Bank, the Bank of Communications, the Guanyin of the Three Eastern Provinces, and the Beiyang Industrial Bank, to lend huge amounts of legal tender. In addition, British and American banks in the Jinjing area have also received applications from Japanese banks to lend a large amount of fiat currency. According to reliable sources, it is highly likely that the northern banking industry is planning an attack on fiat currency"

A secret telegram from the Illuminator's Al-Shabaab Investigation Section from the Military Intelligence Agency said: "According to reliable information, the three parties of the Feng Department, the Central G, and the Zhi Gong Party are planning an economic war against the fiat currency, and the main means will be to mobilize large sums of money to run on the fiat currency." I hope that your party will make all necessary preparations. ”

The Shanghai Station of the Military Intelligence Bureau reported: "Today, the Bank of Communications in Shanghai, the Yokohama Zhengjin Bank in Japan, the Bank of Korea in Japan, and the Bank of Taiwan in Japan are all lending fiat currency cash at high interest rates. According to an insider report, Japanese banks in Shanghai are planning to follow up on an attack on fiat currency. And it seems that the big banks controlled by the powerful factions in the north launched this attack, and it is also possible that Japan is manipulating everything behind the scenes."

The last one is the information collected by the Kuomintang Central Investigation Bureau: "According to the secret report of Mr. Wu Dingchang, a pro-Kuomintang person in the northern banking industry. The Beiyang Foundation, the Bong Foundation, and the Japanese-funded banks are currently planning an economic war against the Nationalist Government. The specific means will be to run on foreign exchange with a large amount of fiat cash, and at the same time use public opinion to create panic and incite the public and other companies to follow suit. ”

The intelligence gathered from several quarters shows that an economic war is about to come, and it is aimed at the weakest link in the economic system of the Nationalist Government, and it seems that the economic policies of the Nationalist Government have really brewed bitter wine now, and the opponent has touched the ...... of death.