Republic of China game

Luo Yaoguo smiled and nodded: "As long as they can pass the exam and can afford the tuition fees, the Germans will certainly teach them. Of course, our Armament Department will provide full scholarships to students with exceptionally good grades, but after graduation they must Obey the arrangement of the Armament Department. Of course, I can pay for your Xiaoying's tuition."

"Oh, it depends on the grades..." Qu Ying frowned slightly.I thought: "Isn't it okay to look at political performance? People in the Soviet Union are all about political performance!"

Chapter 0392 High Debt ([-])

According to the disclosure of the "Red Star News", the official publication of the Communist Party of China in North China, the so-called economic prosperity in the areas ruled by the Nationalist Government is nothing more than the combination of American capital, German technology, Chinese coolies and Chinese resources. The resulting monstrous boom!There is no real basis!Because China has neither capital nor core technology, but only relies on cheap labor, resources and the so-called "broad market" to attract investment.And the so-called "broad market" does not actually exist!Because due to the introduction of various modern machinery and equipment and production technology, the labor productivity of Chinese workers is currently increasing rapidly, and it is expected to increase by about [-]% within five years!However, the income of Chinese workers has not increased accordingly, so it is obviously impossible for the purchasing power of consumers to keep up with the increase in production.That is to say, in the next few years, when the current investment projects are put into production one after another, terrible economic surplus and crisis will sweep across the whole of South China!And the only way out is the communist revolution!

The situation written in this article seems to be in line with the reality, and it is not just China's prosperity, but the current prosperity of the whole world has no solid foundation!After the First World War, due to various mass production technologies, the labor productivity of workers per hour has increased by more than 40%.Now that there is such a large production of goods, it is obvious that the purchasing power of consumers needs to be increased accordingly, that is to say, wages must be increased.But in the 20s, workers' incomes did not rise commensurately with productivity gains.Even in the golden age of 20, economists at the Brookings Institution calculated that a family would need an income of $1929 a year to obtain the minimum necessities of life. More than 2000% of the income of the family cannot reach this figure.In a word, purchasing power cannot keep up with the output of goods. (The above is the point of view in the book "Glory and Dreams", the author of which is still a six-year-old American young lady.)

At that time, the economic circles did not realize the consequences of the sudden increase in production. The solution was to expand credit by banks, issue loans indiscriminately, encourage various speculations, and create economic bubbles to maintain the superficial prosperity.It seems that the US banking industry has been keen to create all kinds of credit bubbles to maintain false prosperity?The same seems to be the case with the US subprime mortgage crisis decades later.And now that the supervision of the US banking industry is almost completely blank, the moral character of all people, including politicians and ordinary people, entrepreneurs and bankers seems to be too optimistic!With almost no supervision, the banking industry can naturally use the multiplier effect of currency to maximize the leverage ratio of the entire industry as much as possible, thereby "manufacturing" dollars that will almost flood the entire world.Including Germany, the United Kingdom, France, Eastern Europe, and South China, which seems to be booming at present, are full of "easy-to-talk" American bankers, and it seems that it is "very easy" to borrow a lot of dollars from them until The day of disaster!

At present, the wheel of history has rolled to February [-], and there are only one year and eight months left before October [-], the historical Wall Street stock market crash in the United States!Obviously, the catastrophe of the Great Depression will not be fundamentally changed because Luo Yaoguo, an irresponsible "big butterfly" flaps its wings vigorously, will it?

The current gross domestic product of the United States is as high as 1000 billion U.S. dollars!The gross national product in the area ruled by the national government is only 200 billion French currency at most, equivalent to 60 billion US dollars, which is only a few percent of others.It seems that it is really poor and weak to the extreme... and even this GDP is only achieved under the stimulation of the influx of US dollar capital.But after October [-], how should this southern China respond?

Although Luo Yaoguo did not study economics in his previous life, he is still very clear about the Wall Street disaster and the Great Depression in the United States.After all, it was this disaster that ended the prosperity of the 20s and provided the soil for Germany and Japan to embark on the path of fascist aggression and expansion.In other words, the real trigger of World War II was the Great Depression in the United States that began in October [-]!Now that the disaster was about to come, Luo Yaoguo had no choice but to pat his head and start thinking of something... and the only way his poor knowledge of economics gave him was to borrow money!

Well!Wasn't the Great Depression a lack of money?In the era of the Great Depression, money shrank to a very exaggerated level. It seemed that all American banks had no money to borrow!And now that money is flooded like that, those irresponsible American bankers seem to be happy to lend money to a "rising" China.Since this is the case, why not borrow more while others are willing to borrow a lot of money?Well, take long-term loans, such as ten to 15 years, or even 20 years to repay the loan!Moreover, we must borrow as much as possible, and then form a China Heavy Industry Promotion Fund after borrowing, temporarily deposit the money, and then lend it to enterprises that lack foreign exchange loans due to credit contraction after the Great Depression.Of course, local currency (legal currency) loans are not a problem, and the Kuomintang reactionaries are very good at printing money.

As for the problem of whether there is a market for the final product...then learn from the method of the "head of state"!Large-scale government investment, military expansion, and then a world war to pass on the economic crisis.This is almost the only economics knowledge taught in military academies of later generations (taught in military history classes)!

……

February [-], [-], New York, USA, Consulate General of the Republic of China in New York.

Washington in the 20s seemed like an unremarkable city. Although it was the capital of the United States, all major decisions seemed to be made in the financial center of New York.Therefore, the delegation of the Ministry of Armaments represented by Luo Yaoguo did not go to the capital of the United States... In fact, no one invited them to go.Instead, they lived in the consulate in New York. Coincidentally, in this consulate, there is now a delegation from China—a financial delegation led by Song Ziwen and Kong Xiangxi.They are here to negotiate with U.S. Treasury Secretary Andrew Mellon on pegging the fiat currency to the U.S. dollar, and by the way, borrow money from the U.S. government to maintain the fiat currency exchange rate.

In the living room of the consulate, there were several cups of tea, the tea was fragrant, and Luo Yaoguo was wearing a loose Chinese-style robe, sitting leisurely on the sofa.Song Ziwen and Kong Xiangxi were sitting side by side on the sofa opposite.An informal consultation on China's economic issues is reaching its climax.Natalie and Qu Ying, two big and small beauties, rushed in and out attentively, helping to bring tea and water, making Haha Kong, who had a shrewd wife, staring at him with greed.

Luo Yaoguo took a sip of the green tea that Natalie made, smiled with satisfaction, picked Thumbs up at the beauty, and boasted: "My third aunt Taiyuan is an expert in handling coffee, and even the tea I make right now is top-notch It’s up to the standard, the two of you should give it a try too, right?”

Song Ziwen and Kong Xiangxi also took a sip each, and then looked at each other with a slight smile, Song Ziwen sighed softly: "Brother Fuwen's beauty is the number one in our Kuomintang, and we can only envy it."

Kong Xiangxi hurriedly waved his hands and said with a smile: "Oh, it's not us, it's just that brother Ziwen is envious, I'm not envious!"

As soon as these words were uttered, everyone in the room laughed along with the scene, and the two beauties also smiled coquettishly like silver bells, which made people feel extremely comfortable and pleasing to the ear.The atmosphere in the living room suddenly relaxed a lot. Kong Xiangxi put down the teacup and smiled wryly: "This time I am suffering the most. At present, almost all the newspapers in Beijing city call me a traitor and a traitor! I don't understand. Now, the joining of the 'dollar group' was promoted by the three of us together, why are these newspapers scolding me alone? Is it because I, Lao Kong, seem easier to bully?"

Song Ziwen pointed at Luo Yaoguo, and scolded with a smile: "Speaking of which, the culprit is you, Luo Fuwen... It seems that the various economic policies of our national government are all your ideas right now? Your uncle listens to you in everything, just a little idea nothing."

Luo Yaoguo smiled, and waved his hands indifferently: "Isn't our economy pretty good? Besides, the international economy is booming right now, and the Americans are willing to lend us money. I think we should seize this opportunity to borrow more... By the way, How are you talking with Andrew Mellon? How much are they willing to borrow? How long is the term?"

Song Ziwen frowned slightly, and said in his heart: "You dog who likes to take mice! You are going to dictate our economic policy again..."

Kong Xiangxi, on the other hand, was indifferent, with a doughy face and a smile, and his facial features seemed to be twisted together: "The Yankee wants to lend us [-] million US dollars, ten-year loan, [-]% interest. Ziwen and I will discuss it. For a moment, I think [-] million US dollars is enough.”

"Well, people are willing to borrow more, why don't we?" Luo Yaoguo put down the teacup, raised his head and looked at them in confusion.

Song Ziwen sneered: "Brother Fuwen doesn't know something, American money is not so easy to borrow! It all comes with political conditions attached. And the more we borrow, the more political conditions attached. This time The Americans want us to use the official shares of the China Railway Company as collateral, and they also want us to open the markets of Northwest Gansu, Qinghai, and Xinjiang, especially the "Xinhai" (Xinjiang to Lianyungang) railway that runs across China. Capital participation. Oh, if your Ministry of Armaments can open the aluminum mines in Guangxi and the iron mines in Nanjing to American companies, they can borrow another amount of money, but it is a commercial loan. That Andrew Mellon and his family are in Bethlehem Steel in the United States There are big investments in the company and in Alcoa..."

Luo Yaoguo picked up the teacup and turned it lightly, thinking about it in his mind: "Mr. Ziwen, it seems that this American's request is not unacceptable... I think American companies can participate in the railway to Xinjiang. As for the mortgage of the official shares of the railway company, I think it is quite reasonable. Why not?"

Song Ziwen shook his head with a wry smile when he heard the words: "You, Luo Fuwen, think too simply. We in China have suffered too much from borrowing foreign debts since the end of the Qing Dynasty until now! Now the public opinion of the whole country is not optimistic about borrowing foreign debts. We have borrowed one after another! You say there is no problem, but other people’s newspapers don’t say that. People say that we sold the mines, the industry, the customs, and the currency... Now we are going to sell again. The railway is completely traitorous and traitorous!"

Luo Yaoguo was taken aback when he heard the words, and was silent for a while: "Mr. Ziwen, don't we have news control? Which newspaper dares to publish this kind of article?"

"You! You have a dictatorial head, did you study in the United States?" Song Ziwen seemed to equate studying in the United States with the democrats in his heart.

The "Haha Kong" on the side laughed and explained: "Of course the newspapers in the Kuomintang ruled areas dare not write. The Political Department of the Military Commission of Xie Huisheng (Xie Chi) and the Military Intelligence Bureau of Wu Ziliang are not so easy to talk about. Then They were all published in the newspapers in the concessions in Shanghai and Hong Kong in the north. But... the mouth of the people is better than that of Fangchuan! This kind of thing is indeed very troublesome! But your armament department does not have any Who scolded me, I don’t know what’s going on? It stands to reason that you’re a ‘traitor’ who is worse than us? Why is the public opinion so good to you?”

Speaking of this, Kong Xiangxi shook his head incomprehensibly... How did he know that this was not because the public opinion was good to Luo Yaoguo, but because the Communist International's instructions were good.Most of the projects of the Ministry of Armaments are "Sino-German joint ventures", and they are currently helping the Soviet motherland to build battleships!

"No problem, no problem!" Luo Yaoguo shook his head with a smile: "We don't want to talk about the South, but we can't talk about it. Dictatorship or something is a dictatorship! Dictatorship doesn't hinder anything. If Japan and the Soviet Union come to our door, we have no heavy industry, no aircraft, artillery, warships That's the worst! Since the public opinion in the north is open, then let them say whatever they want! If...the two of you dare not borrow more money, then our Armament Department will come forward to borrow it, and let the Armament Department organize one." The China Heavy Industry Promotion Fund' used mines and railways to borrow money from the United States as mortgages. As for the opening of the three northwestern provinces, I agreed, "Xinhai Railway", I can also do half of it and open it to American capital."

"Hehe... aren't you afraid of being drowned with saliva?" Kong Xiangxi adjusted his round glasses and frowned.

A trace of disdain flashed across Luo Yaoguo's face, and he calmed down again in a blink of an eye.He took a sip of the teacup and said with a sneer: "Public opinion and public opinion always worship heroes and despise losers! If we hold back now, we will lose in the war against imperialism in the future, and we will still be infamous forever." In this case, why not give it a go and do everything possible to enhance our heavy industry strength before the war comes? As long as we can become the victor of the war, are we still afraid that public opinion and popular support will not be on our side?"

"War against imperialism?" Song Ziwen frowned, his face slightly gloomy.A strange idea suddenly formed in his mind, he felt that the easy-going Luo Yaoguo in front of him was the legendary imperialist!And the future war against imperialism might be initiated by Luo Yaoguo himself...

"Then how much money is your 'China Heavy Industry Promotion Fund' going to raise? And how is it going to work? And... Does the Ministry of Armaments have authorization for this?" At this time, Kong Xiangxi asked a bunch of questions one after another. It seemed that he had already Approved Luo Yaoguo's idea.Anyway, the central bank is not responsible for this matter, and it will not harm his interests.

Luo Yaoguo nodded and said with a smile: "The responsibility of our Armament Department is to use all possibilities to promote the development of China's heavy industry and military industry. This is included in the Organizational Regulations of the Military Commission. Therefore, the establishment of the 'China Heavy Industry Promotion Fund' should also be included. , As for the specific authorization, I think the three of us will jointly propose it to the Military Commission and the Executive Yuan. However, the external responsibility is entirely borne by our Ministry of Armaments, and the management of funds is jointly responsible by the Ministry of Finance, the Central Bank, and the Ministry of Armaments. What do you two think?"

Kong Xiangxi was startled, raised his head and looked at Luo Yaoguo, and immediately made up his mind.This 'China Heavy Industry Promotion Fund' is estimated to raise a huge sum of money... maybe hundreds of millions of dollars!This money is managed by the Ministry of Armaments, the Central Bank, and the Ministry of Finance. To put it bluntly, isn't it managed by Luo Yaoguo, Song Ziwen, and Kong Xiangxi?When the time comes, what kind of enterprise the money will be invested in depends entirely on the three of them.

Thinking of this, Kong Xiangxi replied calmly: "Brother Fuwen is right, it is indeed very important to promote the development of China's heavy industry! I fully agree with this, Brother Ziwen, what do you think?"

Song Ziwen stared blankly at Kong Xiangxi and Luo Yaoguo.His eyes rolled wildly, and he was trying his best to calculate the gains and losses in his heart.

Luo Yaoguo clapped his hands and smiled: "With the help of Mr. Yongzhi, China's revival is hopeful. I assure you, our Armament Department will definitely not disappoint Mr. Yongzhi's trust, and it will definitely make Mr. Yongzhi both famous and rich. There will be no harm."

Hearing Luo Yaoguo's assurance, Kong Xiangxi naturally smiled.Song Ziwen didn't hesitate either, of course he wasn't as greedy as Kong Caishen, but he also believed in Luo Yaoguo's character.When did the things done by his hands over the years go wrong?Isn't it all about face and face?

"Fuwen, I can support this matter. But... I want to put an ugly word first. I borrowed this model, and it must be used under the strict supervision of our Ministry of Finance! It is absolutely not allowed to enrich one's own pocket. At this point, Song Ziwen glanced at Kong Xiangxi, who was sitting solemnly beside him.

Luo Yaoguo chuckled, and cupped his hands: "Mr. Ziwen, don't worry, I will definitely find a way to satisfy all parties, and I will never embarrass you when the time comes."

Chapter 0393 High Debt ([-])

Mobil Oil Company Building, 26 Broadway, New York, USA.

The building contained a resplendent and lavishly decorated office with oak paneling from a Tudor mansion in England, a hand-carved Elizabethan mantel above the fireplace, and Jacobean chairs, Large dining table and chandeliers.The whole office is full of antique atmosphere, it looks like you have come to the castle of the European royal family in the middle ages, not the headquarters of the Rockefeller family.

Currently in charge of the Rockefeller family business is the second-generation head of the family, John Davidson Rockefeller Jr.The biggest difference between him and his father John Davidson Rockefeller in running the family business is that he attaches great importance to the financial industry.Long before he took over the family business empire, Rockefeller Jr. realized that finance was the heart of contemporary business, so he tried his best to persuade his father who hated the banking industry to buy Fair and Trust Company.And using this trust company as a platform to expand rapidly, by 1928, this trust company had successively acquired more than a dozen small and medium-sized banks and trust companies, becoming one of the largest banks in the United States.Historically, in 1930, the trust company would merge with Chase Bank.And became the center of the Rockefeller family's financial empire.

In addition to playing the two roles of oil magnate and financial predator, which people love and hate, Rockefeller Jr. is also the largest philanthropist in the world!Sounds like a nice guy.Moreover, this philanthropist's donation to China at that time was actually second only to the United States!Probably because the Chinese people are too pitiful, right?Even the evil big capitalists can't stand it anymore? In the 20s, Peking Union Medical College Hospital, the best hospital in China, and Peking Union Medical College Medical University, the best medical school, were donated by the Rockefeller Foundation.From this point of view, Rockefeller Jr. is still an old friend of the Chinese people...so the first creditor that Luo Yaoguo's "loan business" is looking for is this old friend of the Chinese people, Mr. Rockefeller Jr.Since it is a profitable business, of course we should take care of our "old friends"!

On the morning of February [-]th, in an office decorated like a museum with a huge portrait of old Rockefeller hanging and piled up with various antiques.Luo Yaoguo, Song Ziwen, and Kong Xiangxi finally met the head of the Rockefeller family with a high nose, wide mouth, and piercing eyes.

John Davidson Rockefeller Jr. was sitting behind a large desk that should be an antique. There was no trace of joy or anger on his face, and he just calmly watched the three guests from the East.Among them, two middle-aged men with round glasses seemed a little nervous and uneasy, while another Chinese youth with a very easy-going appearance was looking at himself with a smile, and he couldn't see any of the oriental people's usual features in his eyebrows. A sense of inferiority (after all, Westerners are still ruling the world right now!).

He is Marshal Luo Yaoguo!Little Rockefeller raised his eyebrows slightly. The Rockefeller family's intelligence network in China had long noticed this unusual young man.He is currently the youngest field marshal in the world, and his title is well deserved.Reports from China claim that this man is the greatest soldier in the Eastern world of this era!And it is possible to become the leader of China and the entire Eastern world, even a dictator!And what exactly to be a leader may just depend on his desire.

Become the greatest soldier in the world like Emperor Napoleon and make all enemies tremble under your feet.Every boy may have such a dream in his childhood, right?And this person in front of him seems to be about to realize such a dream, and he still uses China's "stinky card".Thinking of this, little Rockefeller felt a little envious of Luo Yaoguo in front of him.If the Almighty God allowed him to exchange identities with Luo Yaoguo... then he would definitely give up his billionaire fortune without hesitation, right?

"Your Excellency Marshal, you are welcome." Little Rockefeller showed a friendly smile: "Can I do anything for you?"

John D. Rockefeller Jr., one of the richest men in the world, would be so friendly to an Eastern warlord!Not only the assistants behind Little Rockefeller didn't think about it, even the two "Gods of Wealth" Kong and Song beside Luo Yaoguo didn't think about it.Uh, you must know that in the United States right now, it is not President Coolidge in the White House who is really in power, but these billionaires who hold the lifeline of the country's economy!It is said that President Coolidge of the United States now has only one secretary, who can finish all official business before lunch every day, and there is not even a telephone on the desk of the White House!

"Mr. Rockefeller, of course I need your help. In fact, I'm here to borrow money." Luo Yaoguo bowed slightly to Little Rockefeller, and frankly stated his purpose of coming.Based on his understanding of Americans, he knew that they didn't like to beat around the bush, so he just said what he wanted.

Hearing that the business was coming, Rockefeller Jr.'s eyes sharpened and he nodded slightly: "According to what I know, you are also a major shareholder of a large Chinese bank, aren't you?"

As soon as Luo Yaoguo rolled his eyes, he understood the meaning of the other party's words. He smiled and said, "We will provide a full amount of guarantee for the loan, including shares in steel companies and arms companies, mining rights for coal mines and various non-ferrous metal mines, and There is a large railway across China. In addition, a large Chinese steel company, an arms company, a shipbuilding company, and a non-ferrous metal company can issue shares in the United States to Fair Trust Company.”

"Shipbuilding company? Is it the shipyard that undertook the 'Karl Marx'-class battleship and the 'Polish Legion'-class armored ship?" At this point, Little Rockefeller looked a little weird, and then he smiled and sighed: "I really I kind of admire your business talent. Is it true that all of you who come out of West Point Military Academy are good at doing business? With borrowed machinery and equipment, borrowed drawings, borrowed engineers, borrowed management, and borrowed I started this shipyard with money from the Soviets. Then I took over the sale of battleships from the Soviets, which caused a sensation all over the world. Now I want to take it to the United States for listing. Hehe, if you don’t become a marshal in the Chinese army, I will I would like to ask you to manage the banking business."

Luo Yaoguo laughed: "I think our shipbuilding company can sell for a good price?"