Family and Country Chapter 92 Significant
The Bundesbank was caught off guard by the sudden run, and after urgent deliberations, the final result of the cabinet's deliberations was to stop the domestic repayment of gold or foreign exchange, and the Deutsche mark was once again reduced to waste paper. However, in order to prevent the situation from being unstable, the government only declared that the bank was on leave to cover up the cessation of domestic hard currency payments, and did not directly announce that the mark would no longer be supported by gold or foreign exchange in the future.
The German government's handling of the situation disappointed a group of speculators in Shanghai. Chen Guangfu stayed awake for three days and three nights staring at the European telegram, but in the end he received the disappointing news -- under pressure from various countries, especially the United States, the Weimar government would officially announce the suspension of the payment of gold and foreign exchange at home after the end of the seven-day bank vacation, which basically declared the bankruptcy of the plan to run on the mark and implicate the pound.
"Maybe I'm going to go to Tonghua soon." Hearing Chen Guangbiao's report, Zhang Kun was also full of disappointment. The plan to strangle the yen is one after another, Germany is the first link, and now Germany is not successful, then Britain is even less likely to succeed.
"What's the use of going at this time?" Chen Guangfu pounded his head and said, he never thought that the Weimar government in Germany would be so traitorous to seek glory, which was really resentful. "Let's think about how to get the foreign exchange and gold exchanged in Germany back."
Chen Guangfu seemed to have admitted defeat, Zhang Kun was hesitating, the phone rang suddenly, he lifted the microphone and listened to it for a while, his expression was solemn, and after hanging up for a few minutes, Chen Guangfu asked: "Who called, what is the matter?" β
"It's the head of the household who came from Beijing." Zhang Kun's brows were still tightly locked, and he exhaled and said: "It is said that Japan, Britain, the United States, etc., accuse my country of maliciously running on the yen and aggravating the economic crisis, so he wants to check the accounts and clear himself." In the afternoon, the Financial Investigation Division of the Ministry of Household Affairs will come. β
"What? Department of Financial Investigations! Chen Guangfu was also a little panicked, he was a ghost man in his heart -- although the yen run was a matter for commercial banks. However, the run on the mark is the foreign currency provided by the National Bank, and if the people in the household department in the investigation find that there was a shortage of the mark in the foreign exchange a few months ago. So how do you explain it? "Is it a check yen or a check mark?" He asked.
"I don't know, the tone is to check the yen, Mark didn't say it, but I'm afraid of ......" Zhang Kun also thought about Germany. It is impossible for the National Bank, as the central bank, to speculate in foreign exchange, and the current operation is to lend a large amount of Deutsche Mark to the Overseas Chinese Commercial Bank, which in turn lends them to Count Christian, who finally gives the money to Goering. This is a legal relationship, but the actual operator is Gu Yiqun of the International Department of the State Bank, and Gu Yiqun's instructions were sent to Germany through the Intelligence Bureau. Command the run.
If the Deutsche Mark is really investigated, it will inevitably involve the Overseas Chinese Commercial Bank, but most of the business branches of the Overseas Chinese Commercial Bank are abroad, and the Financial Investigation Department of the Ministry of Accounts will not be able to check the real-time general ledger of the Overseas Chinese Commercial Bank under normal circumstances.
"I have to inform Mr. in advance of this matter!" Zhang Kun thought about the matter completely, and finally said so.
"This ......" Chen Guangfu looked at Zhang Kun uneasily, it was his responsibility that the matter was not done. Now the household department has to check the accounts, but Mr. has to support the scene -- Mr.'s late father-in-law was one of the founders of the Qiaoshang Bank, and the investigation of the Qiaoshang Bank is to find out the head of the husband. "Is that really the only way to go? There's no other way? β
"What else can be done?" Zhang Kun smiled bitterly and then asked: "Stealing chickens is not a recipe for rice, it's up to Li Guangqian now." β
Lee Kong Chian is the head office of the Overseas Chinese Commercial Bank and the eldest son-in-law of Singaporean rubber magnate Tan Kah Kee. When Singapore encountered a rebellion in the European War, he led the way for the Renaissance Army Marines and rescued the Governor of Singapore at the risk of his safety. Therefore, he was awarded one by the Chinese Prosecutor's Institute and one of the British Government Medals. Such a deep background made Liu Dajun, director of the Financial Investigation Department, who went to check the accounts, very worried, but the foreign exchange managed by the State Bank was a bit strange about the loan of 100 million marks. Such a large sum of money was inexplicably loaned away, and there was another run on the German side a few days ago. It's really suspicious.
The 14th floor of the National Bank and the 13th floor of the Overseas Chinese Commercial Bank. After the elevator went up, Li Guangqian, the general office of the bank, was waiting for Liu Dajun and his party at the elevator entrance with a pair of large-framed glasses, looking at more than a dozen household officials, he smiled and said: "Lord Liu, my lords, I can't meet you far away, and I hope to forgive your sins." β
Li Guangqian saluted Liu Dajun and the others with a smile, completely looking like I am a good person, Liu Dajun, who understood his background, was also rude, and after arching his hands, he showed the official document and said: "This time I still bother President Li." β
"Where! Where! Li Guangqian smiled even more, and he turned sideways and said, "Please!" Please! When Liu Dajun walked forward, he followed Liu Dajun half a step behind, and he said: "My lord, the accounts are ready, but because of geographical limitations, the flow accounts of foreign branches will not be included in the general ledger until the second half of the year, so the foreign branches only have last year's flow account and general ledger." β
"Last year?" It's only April now, and Liu Dajun coughed, "Your bank's accounts are lagging behind, can shareholders rest assured?" β
"My lord, the bank is not listed." Lee Kong Chian explained: "The shareholders are all old shareholders, and they are always at ease with the bank's performance. However, I learned that the adults came to check the accounts this time, and I still prepared a statement for the first three months of this year, which may be able to ......"
As Lee Kong Chian spoke, his subordinates had already submitted a report. In fact, it is a statement, but it is actually nothing more than a balance sheet, a cash flow statement and an income statement. The Overseas Chinese Commercial Bank covers overseas Chinese all over the world and has branches in various countries, and its various foreign exchange deposits in local currencies add up to more than 2 billion Chinese yuan, and 100 million marks are not conspicuous among them. As Liu Dajun expected, there was no information about the 100 million mark loan he was looking for in the statement.
"General Manager Liu, according to the accounts of the State Bank, your bank borrowed a sum of 100 million marks in foreign exchange in the first month of this year." Liu Dajun put down the thin statement of the first quarter of this year and began to inquire directly.
"100 million marks?" Li Guangqian seemed to think for a while, and finally nodded: "Yes, there is such a thing." The main reason is that seeing the serious economic crisis in Germany, the Bank thought that whether it was a bailout or an investment in the economic crisis, it should prepare a large amount of marks in advance, so it lent 100 million marks from the National Bank. My lord. What, is there a problem with this money? β
Liu Dajun asked directly about the Deutsche mark. Lee Kong Chian asked directly if there was a problem, and everyone was very straightforward. It just makes people look at each other and smile. Liu Dajun said: "Of course there is no problem with money, I just heard that there was a sudden run in Germany a few days ago, and I am very worried that your bank will lose all the money." β
"This ......" Liu Dajun said this, and Li Guangqian had to pretend to be stupid, "Hey, my lord, the world is not as good as before, the whole world is in chaos, and you may lose money wherever you put your investment." Now Argentina is starting to mess up. A lot of our investments in Argentina have gone unpaid, and we don't know the government's ......."
With the economic crisis, Argentina was in chaos, the military staged a coup d'Γ©tat with the help of radicals, and the local overseas Chinese and overseas Chinese commercial banks were at risk of confiscation, which was also the first diplomatic problem faced by the Song cabinet since the economic crisis.
You tell me about Germany, I'll talk to you about Argentina, Liu Dajun sneered in his heart but had no choice, he immediately put down the teacup and said: "Since that's the case." Then I'll wait for the accounts of your bank to come back next time. After he said that, he picked up the report on the table again: "If you don't mind, I'll take this back first, and it can be regarded as a record." β
"Of course I don't mind." Li Guangqian leaned on the large frame and smiled harmlessly. But Liu Dajun doesn't eat this set. He bowed his hand solemnly and withdrew from the Qiaoshang Bank with more than a dozen subordinates.
Officials from the Financial Investigation Department of the Ministry of Household Affairs withdrew within an hour of entering the Qiaoshang Bank, and this news immediately spread through the grapevine in Shanghai, which was running faster than an airplane. Some people said that they saw with their own eyes that Mr. Li, the general manager of the bank, scolded the people in the household department. One of them was slapped in the face, and then the dog officers ran out in dismay; Others say it's not like that at all. It is said that the officials of the household department know that the Qiaoshang Bank is run by the prime minister's father-in-law, and they go there just to deal with the officials and the general office of the bank. I didn't go to check the accounts at all, and the people who went there asked for a cup of tea and took someone to leave......
After all, the Financial Investigation Department's investigation trip was fruitless, which greatly boosted the morale of the general offices of the Shanghai Bank, which was completely opposed to the household department because of the confiscation of business licenses. With this guarantee, some anxious bank offices finally gained some confidence in the lawsuit that was about to be tried in court, and at the very least, the case of the Overseas Chinese Commercial Bank showed that the depth of the water in Shanghai and Shanghai was not something that those highly educated bureaucrats in the household department could explore.
The general offices of the Shanghai Bank breathed a sigh of relief this time, but the hearts of Zhang Kun and others were still hanging. Although the general trend is in me (according to my husband's judgment, the pound will be out of the gold standard at the most in September next year), when will this trend arrive? Now that the bank has begun to pay in pounds sterling for the yen run, Japan will soon conduct a second round of fundraising in the European financial market.
In addition, there were some whispers in the Hamaguchi cabinet, saying that the run on the yen by the Chinese-funded banks in Shanghai was an unfriendly sign to Japan. Although this is a complaint from some minor officials, after a long time, without seeing any hope of the yen collapsing, those coerced funds have withdrawn, and Wang Boyuan and others, who have lost their cover, will not be able to play anymore. What to do? What should things do?
Zhang Kun, Chen Guangfu, and others scratched their heads, but Ma Yinchu, who had been waiting for the results of the investigation in Shanghai, began to make a bitter face -- the investigation had no results at all, and the only mark loan had become untraceable due to the internal management practices of the Overseas Chinese Commercial Bank.
"Is it really all clear?" Ma Yinchu stared at Liu Dajun, who led the team to Shanghai to investigate, and pulled him over as soon as he got off the plane.
"There are no problems with the accounts of the National Bank, which are in full compliance with the regulations, except for a mark loan." Liu Dajun said truthfully, although he didn't like the arrogant Zhang Kun, he still admired the orderliness of the National Bank under Zhang Kun's management.
"Mark, we're not here to check Mark!" Ma Yinchu, who was anxious by the lawsuit in Shanghai, was a little crazy, and he said angrily: "I want you to investigate the yen run speculation!" Did you find it?! β
"Didn't find it." Looking at Ma Yinchu, who was a little angry, Liu Dajun remained silent, he said, "With Zhang Xingjian's energy, he only needs to ask someone to instruct people like Wang Boyuan to let them speculate on the yen, and there is no need to do anything in the accounts." I learned from this investigation that the Shanghai banking community called Zhang Xingjian not called Zhang Xingjian at all, but called him Zhang Tianwang. β
"What Zhang Xingjian, Zhang Tianwang, a miscellaneous piece of money from a bank! It's just that I was born earlier, I was lucky, and I happened to join the Revival Society before the Ding Revolution! Ma Yinchu gritted his teeth and said. Since he was kicked out of the National Bank by Zhang Kun last time, he and Zhang Kun have become mortal enemies, and this investigation is what he tried his best to promote, and he didn't want to find nothing.
"Motozen, it's not entirely correct that we're only focusing on the yen. Now that the bank is no longer paying gold but paying the pound, once the pound falls out of the gold standard, the yen will definitely be hit by another malicious run. Liu Dajun kept thinking about what the Overseas Chinese Commercial Bank was doing with that mark on the plane. When refueling at a gas station on the way to Beijing, the driver said that the price of gasoline and diesel also dropped, and he couldn't help but think of the correlation of commodities, and then thought of the relationship between the yen, the pound, and the mark.
"Are you saying that Zhang Xingjian is going to run on the pound, is he eating leopard gall?" Ma Yin initially understood the meaning of Liu Dajun's words, but his eyes burst into disbelief. The pound dares to run maliciously, what's wrong with the world?
"Of course, Zhang Xingjian doesn't have the courage to run on the pound, but he can run on the Deutsche mark." Liu Dajun said his common logic, "German capital has a lot of investment in the UK, once Germany implements foreign exchange controls, these capitals will run on the pound in order to maintain their value and flee, and the Bank of England does not have many gold reserves, so the Bank of England and the British Cabinet are likely to announce that the pound will be out of the gold standard; The pound is out of the gold standard, the yen can't stand it, not to mention Wang Boyuan, even Japan's Mitsui, Mitsubishi, Sumitomo and other consortia will look for opportunities to go to the gold or foreign exchange market to exchange foreign exchange or gold, and then the yen will definitely collapse. β
With Liu Dajun's explanation, Ma Yinchu's mouth opened wider and wider, he never thought that finance could be played like this, which was almost exactly the same as a military roundabout. Once the pound and the yen collapse, not to mention the loss of Japanese gold due to the run during this period, judging from the devastating Japanese economy, Japan, which has suffered a great economic loss, will definitely agree to China's establishment of the Bank of Asia.
Closing his mouth and hiding his scary big teeth, Ma Yinchu shook his head again before saying, "Ji Tao, what you said is true?" β
"It's just my guess." Liu Dajun said, "At present, without seeing the flow account of the Overseas Chinese Commercial Bank in the first half of the year, I am not sure that the run in Germany has something to do with the National Bank and the yen. β
"This ......" Ma Yinchu was a little unhappy, he hurriedly got up and said, "How can this be speculation?" That's just the truth. I need to go see the Prime Minister right away! It's too big! It's huge! (To be continued.) )