Republic of China game

In this way, in this gambling game, the Japanese and the Beiyang chaebol are fighting against the unlimited rise with limited decline, and are competing with unlimited funds with limited funds!Another reason why Chen Guangfu chose 5000 bonds was that a total of 200 million bonds of this type were issued, of which 110 million were in the hands of the nine major banks.In fact, even if it is pulled to 260 yuan, there are not many cash coupons that can be sold... I really want to raise it as much as I want.And for every ten yuan raised, the Japanese and the Beiyang chaebol will lose 16 million yuan!As long as the transaction price of the bond futures contract that matures at only [-] yuan is pulled to [-] yuan, the [-] billion French currency of the Japanese and the Beiyang chaebol will be gone!Their money is gone, and naturally there is no way to maintain the plunge caused by their financial strength.

In fact, it is not necessary to go to this point at all. Those big European and American banks acting as brokers have begun to implement "forced liquidation", that is, to sell all that can be sold in the hands of the Japanese, and to liquidate all that can be liquidated. The fiat currency was issued as the margin for the [-] government bond futures contract.The first thing to be sold was the foreign exchange in the hands of the Japanese and the Beiyang chaebols, so the legal currency began to grow wildly.The next thing to be sold is the material futures such as flour, and the price of the material began to plummet.The third one that was liquidated was the short-selling transactions of various stocks and bonds (that is, buying back the corresponding varieties), so the stock market, foreign exchange market and bond market began to reverse...

Chapter 0406 Shadow of War ([-])

Shanghai, Hongkou.Consulate General of Japan in Shanghai.

The new Consul General Shigemitsu Aoi is like an ant on a hot pot at the moment, sweating profusely, neither sitting nor standing in his office.And in his not-so-spacious office, there are a lot of financial elites who are stamping their feet in Japan and shaking everywhere.However, these elites who used to have a laid-back demeanor and always wore a humble smile, now also look distraught.One bite at a time, "eight grids" are jumping and cursing.And he also clamored for him, the consul general, to come forward and put pressure on the Chinese.And let the Japanese troops stationed in Shanghai dispatch to the Shanghai Stock Exchange to "maintain order"!

"Ba Ge! The Chinese people are despicable and shameless. They are openly robbing the wealth of the Great Japanese Empire! Where is our invincible imperial army! Now let these Chinese people taste the bayonet!" The gentlemanly Baron Hisaya Iwasaki is the most annoyed at the moment.Probably their Mitsubishi chaebol invested the most in this gamble, right?This one almost went bankrupt.

Yuuki Toyotaro, representing the Fuji Zaibatsu, followed closely and yelled: "Mr. Consul, hurry up! Don't hesitate anymore! As soon as the after-hours settlement is completed, the money we brought to Shanghai will be gone! Is there any money in it?" A lot of it belongs to the hard-earned money of the people, and it cannot be snatched away by the Chinese people like this..."

Shigemitsu's face was full of embarrassment, but he couldn't stop sighing, and finally said after a long while: "My lords! Right now...it's not three years ago now! The garrison of our Empire of Japan in Shanghai has long been withdrawn! And... Didn’t you realize these days that Hongkou is now being maintained by the Chinese police?”

The chief executive of Mitsui Bank, who is as thin as a monkey, Ikeda Chengbin is the most careful person. On the first day he arrived in Shanghai, he discovered the unusual scene in the Hongkou Japanese Concession, but he did not ask Shigemitsu Aoi out of reserve and politeness.Moreover, in this speculation, the Mitsui Zaibatsu paid relatively little money, so at this time he still maintained a little basic calmness, but asked with a gloomy face: "Shigemitsu-kun, please tell me, this Shanghai What happened to the Japanese Concession?"

"Shanghai Japanese Concession?" Shigemitsu smiled wryly: "Shanghai has never had a Japanese Concession! This Hongkou is nothing more than the 'Shanghai International Concession' which was unofficially incorporated into the public concession management after it crossed the border and built roads in the ninth year of Tongzhi in the Qing Dynasty. During the second Russo-Japanese War last year, the public concession authorities returned this place to the Shanghai Municipal Government in China! The Marine Corps stationed in Hongkou was also transferred to Vladivostok to fight, and no troops were sent to replace them. Therefore, the imperial army stationed in Shanghai that you are going to use does not exist at all."

"What!" Hisaya Iwasaki felt his eyes darken, and he almost passed out.Those people in the military department are too bastards. They didn't send troops to Shanghai. Uh, it seems that there are no imperial warships in the Huangpu River!How can this be good?Can we just let the Chinese legally rob every last penny in their pockets?

"The only way now is to sue the Shanghai Stock Exchange to the 'Shanghai Public Settlement Temporary Court and Court of Appeal' in the concession, demanding that they...compensate you for all your losses." Shigemitsu thought for a long time, and finally came up with such a Not the way the way.

"Sue them?" This Iwasaki Hisaya looked straight at Shigemitsu Aoi: "This... will it work?"

This problem is actually clear. If the [-]-inch and [-]-inch cannons installed in the four fortresses of Wusongkou, Chongming Island, Jinshanwei, and Zhoushan didn’t work, then the prosecution might still work.Otherwise it's just a matter of attitude.

Shigemitsu spread his hands, and a murderous look flashed across his gloomy face: "Right now, there is only so much we can do, and the rest depends on how the country responds. Whether to negotiate with the Beijing government, or go to war directly..."

……

Chen Jiongming and Pan Fu, who presided over the overall situation in the Tianjin Stock Exchange, were probably the last to know what happened in Shanghai.Originally, the news from Shanghai should have been reported to Tianjin at any time by Zhang Zongxiang, the president of the Bank of Communications, through the radio station set up in the Shanghai HSBC Bank building.But for a whole afternoon, there was no news from Shanghai...it must be normal, right?Doesn't it mean that no news is good news?

Pan Fu frowned, then looked up at the trading seat opposite.There is no one there now!Everyone including Bank of China, China Commercial Bank, Zhejiang Bank, Siming Bank, and Pacific Trading Company never showed up after the market opened this afternoon!Could it be that he absconded with money?

"Naiqi, does the CCP really want to participate? I think this fiat currency will fall even further! Let alone eight yuan (to the US dollar), even ten yuan and 15 yuan are possible!"

The one who spoke was Chen Jiongming. This boss was at his happiest right now, sitting cross-legged on a sofa temporarily moved to the trading hall.Holding a wine glass in one hand and a Cuban cigar in the other, with a victorious smile on his face.Uh, it should be victory, the enemies have all fled!Both Sun Yat-sen and the bank managers on the opposite side seem to have escaped at the moment.

Zhang Junzi stood behind Mr. Chen and just shook his head: "The CCP thinks this is speculation, so they don't participate. They are all about saving the country and the people, not for money!"

Chen Jiongming also had a look of admiration on his face, and said with a smile: "The CCP is the real gentleman, hehe, unlike Sun Dapao, a hypocrite who runs away in a hurry every time he sees something wrong."

Zhang Naiqi frowned: "Da Sun...the president ran away again?"

Chen Jiongming snorted: "What kind of president is he? Isn't a desertion of duty enough to impeach him? Since the Yuan Dynasty, how many times have you seen a president who escaped? It's really shameless, and this face is thrown to the world! Even Beijing The envoys are all inexplicably surprised. I'm afraid they are having a meeting to discuss countermeasures right now?"

Zhang Naiqi was startled when he heard the words, and took a deep breath.The current situation is changing too fast. The Kuomintang's economy has just collapsed, and the central government is about to lose its hold.If Sun Yat-sen's president is not guaranteed... then who will succeed him?Could it be that Zhang Zuolin is going to be president?I wonder what the CCP will say?

"...The fiat currency is skyrocketing! The fiat currency... is skyrocketing in Shanghai now! The latest news is that the Japanese chaebol and the Bank of Communications have lost in bond speculation and suffered heavy losses. It is estimated that they will go bankrupt!"

At this moment, a "yellow vest" from the Tianjin Stock Exchange rushed into the trading hall. Before the person arrived, he had already loudly reported the latest telegram received.This "yellow vest" was wearing a neat Western-style suit, but his white shirt collar had already been torn apart by himself, and his hair was messy. He just rushed in straight, shouting as he rushed.

There was a sound of gasping in the hall, and several traders jumped up immediately, and the chairs were bumped.

"What! What happened? How could the Japanese lose!"

I don't know who yelled that, and everyone immediately fell silent, held their breath, and looked suspiciously at the "yellow vest" who came to report the news.Seriously, this guy looks so suspicious!At first glance, it is the dog spy of the Kuomintang pretending to be...

A certain "dog spy" also saw the unkind eyes cast by the crowd, and hurriedly explained, "It's true! It's true! The Kuomintang set a trap for the Japanese in Shanghai with public bond futures, and let the Japanese People lost a lot of money! Even the Bank of Communications was folded in, and now the foreign executives of Macquarie Bank are busy closing their positions with the Bank of Communications! If you don’t believe it, ask the foreigners yourself.”

……

Inside the Prince's Mansion of Shuncheng County, Beijing.

Inside the study, the Zhang family father and son looked at each other silently.Yang Yuting was sitting on the side holding an abacus, the room was quiet, only the sound of "ba da, da da" abacus.But to Zhang Zuolin, this sound was harsher and more terrifying than the sound of guns on the battlefield!

At the end, the sound of the abacus finally stopped.Immediately afterwards, Yang Yuting sighed: "Marshal... our loss... oh..."

"Say it, I can bear it!" Zhang Zuolin's voice was obviously a little hoarse, and he was slumped in a grand teacher's chair, looking straight at Yang Yuting.

Listening to the exhausted voice of veteran Zhang, Yang Yuting felt sore and almost burst into tears.He couldn't figure it out, why did the Japanese lose so much?Those Japanese chaebols seem to be the most shrewd masters, and they have enough capital in their hands, and they are backed by a powerful navy and army. How could they lose!

Once the Japanese lost in Shanghai, the good situation in the north immediately collapsed.The Beiyang chaebol seems to be doomed. The Bank of Communications they controlled spent 3000 million French currency to gamble in Shanghai this time. Naturally, it will go bankrupt!The ending of the Northern Four Banks is also over. They are all commercial banks. This time they borrowed tens of millions of French currency from the four major foreign banks HSBC, Mercalli, Lili, and Citigroup to sell.Six yuan, six and a half yuan, and even seven or eight yuan are thrown out!As a result, as soon as the news from Shanghai came, foreign banks immediately entered the market to sweep up the goods, and the closing price was [-] cents!A loss of [-] to [-] million.And the official bank of the three eastern provinces and the Bianye Bank of the Feng family also...

Yang Yuting shook his head and took a deep breath: "Our official bank and Bianye Bank in the three eastern provinces have lost a total of 500 million French currency this time, which is almost 800 million silver dollars!"

Hearing this number, Veteran Zhang let out a sigh of relief: "Hehe... Finally, I can still breathe. It seems that I have survived a catastrophe."

"Father, I'm afraid this matter will not be so easy to pass." Zhang Xueliang said with a slightly trembling voice: "Starting tomorrow, I'm afraid it will be our turn to be run out. We lost so much money, if the news spreads Going out, the bank depositors are not in a hurry?"

Zhang Zuolin's eyes widened, just looking at his son.Zhang Xueliang's face was so livid that it was almost black: "Father, our financial system in the north may collapse this time. Once the financial system collapses, it goes without saying that the economy will be over. I'm afraid that the KMT will be able to wipe it out without fighting. We cleaned it up! And now the only thing that can save the situation is the silver dollar certificate."

"...We don't care what happens to Shandong in the Anhui department, but the financial plate of Chahar, Zhili, and Beijing in the northeast of our territory must be maintained! The only way to maintain this plate is to clear the legal currency. Replace it with our silver dollar coupons. We must immediately implement the currency reform, announce the ban on the circulation of legal currency in the north, and at the same time force the legal currency in all banks on our territory to be converted into silver dollar coupons. In addition, the repayment of foreign banks’ arrears is also used For silver dollar certificates, all the foreign exchange obtained from the sale of legal currency will be converted into silver dollars and silver as a guarantee for the issuance of silver dollar certificates. As for... Bank of Communications and North Fourth Bank, they must not be allowed to close down. At least the branches in the northern territory must not fail. We'd better send people to take over immediately, turn them into government-run banks of the Fengjun military government, and use the government's reputation to stabilize the financial plate first."

"But this silver dollar coupon does not belong to our family." Yang Yuting hesitated and shook his head: "How about we find the Japanese?"

A trace of contempt flashed across Zhang Xueliang's face, and he sneered, "The Japanese have lost the most this time, and I'm afraid that the mud bodhisattva will not be able to protect himself when he crosses the river."

Yang Yuting just kept shaking his head: "Will the Japanese be willing to let it go? I think this matter is a bit unclear, maybe there will be a war!"

……

Wuhan, East Lake Moshan, Sun Yat-sen's official residence.

In the living room, President Sun Yat-sen, who had just arrived in Wuhan, was summoning his "officials".President Sun sat on the big sofa in the living room with a red face.The "Five Big Brothers" of the Kuomintang, Hu Hanmin, Chiang Kai-shek, Xu Chongzhi, Luo Yiqun, and Liao Zhongkai, sat in a row opposite him respectfully like five elementary school students.Behind them stood a bunch of members of the Central Standing Committee and the Central Executive Committee, all of whom bowed their heads and lowered their hands, as if they didn't dare to show their air.

Sun Yat-sen looked at everyone with a smile on his face. His face was slightly rosy in the past, but now it was almost radiating: "Every comrade has performed very well in this legal currency crisis. Everyone can unite sincerely and tide over the difficulties together. , finally let the Japanese suffer the consequences. I just received a long-distance call from Luo Fuwen from Shanghai. This time we have a total profit of [-] billion French currency. And the French currency plate in the Shanghai Concession is also stable at three yuan Fifty-five cents, which is only five cents less than the official price of the foreign exchange control bureau. It seems that this time the barrier has been passed, not bad, not bad."

His tone in front of him was brisk, almost like he was about to laugh, but later, his tone became more serious: "However, there are some comrades in our party who are not strong-willed in the face of this crisis, and they don't know how to put the overall situation first. They are just making their own calculations. Hehe, these people usually regard themselves as loyal party members, so it turns out that the touchstone is when disaster is imminent! It seems that our party discipline is still too lax, and I, Sun Wen, are too lenient, right? How would you deal with such a thing if it happened in the Communist Party?”

President Sun went on and on about a lot, and some of the "officials" below fell silent.It seems that some people really annoyed Sun Yat-sen, and maybe Sun Yat-sen wanted to use this to seize some of the power that was left behind.

Seeing that the people below were extremely obedient, Sun Yat-sen nodded with satisfaction, and pointed to Liao Zhongkai: "Comrade Zhongkai has been feeling unwell recently, and he feels that the work of the vice chairman of the Kuomintang is heavy and difficult to perform. Therefore, he resigned from me. Concentrate on land reform in Henan and win the hearts of the people in the Central Plains for our party. I thought twice and decided to agree to his request. Therefore, Comrade Zhong Kai was removed from the positions of vice chairman of the Kuomintang, vice chairman of the National Government, member of the Central Standing Committee of the Kuomintang, and member of the Military Commission! And established The Land Reform Commission appointed Comrade Zhong Kai as its chairman to concentrate on land reform. This time, the central bank’s profits in Shanghai were transferred to the account of the Land Reform Commission and used exclusively for land reform. Comrade Zhong Kai’s vice-chairman of the Kuomintang was taken over by Luo Fuwen This time he has made great contributions to our party, so he should be rewarded according to his merits. The vice chairman of the national government was replaced by Xu Ruwei, and Xu Ruwei's vice chairman of the Military Commission and chief of the general staff were replaced by Luo Fuwen. Song Ziwen was by-elected as a member of the Standing Committee of the Central Committee of the Communist Party of China and concurrently served as the vice president of the Executive Yuan. Kong Yong was rewarded with 100 million legal currency and transferred to the mayor of Wuhan. Sun Ke, the former mayor of Wuhan, took over as the Minister of Armaments and...by-elected as a member of the Military Commission. Governor of the Central Bank Bei Zuyi, the former president of the Bank of China, and Li Ming, the director of the Bureau of Foreign Exchange Control, what do you think of this arrangement?"

This is a personnel earthquake!After listening to Sun Yat-sen's personnel arrangement, the people below started to think about it.For a while, I forgot to answer Sun Yat-sen's question.It was about to be cold, and the president's face was about to darken.The honest man Luo Yiqun was the first to react from the shock, and stood up in a hurry to answer: "The president is wise, and the land reform led by Comrade Zhong Kai will surely realize our party's idea of ​​equal land rights. Realizing the Three People's Principles in this way will The day is just around the corner, and our Executive Yuan will definitely cooperate fully with Comrade Zhong Kai and the Land Reform Commission."

"I also agree with Comrade Yichen (Luo Yiqun)..."

Chiang Kai-shek considered the gains and losses at this moment, and then stood up to answer.In this personnel earthquake, the ones who have benefited the most, needless to say, are the uncles and nephews of the Luo family.There are two bosses in one family!However, the size of the tree also attracts the wind. In the future, the firepower of the left and right factions will probably have to bombard them.As for my own faction, Song Ziwen joined the Standing Committee of the Central Committee of the Communist Party of China, and Kong Xiangxi became the mayor of Wuhan, which is not a bad thing to say.In addition, there is Eldest Prince Sun, who actually succeeded Luo Yaoguo as the Minister of Armaments!This arrangement looks very unusual!

Seeing that Chiang Kai-shek also expressed his position, Hu Hanmin, Xu Chongzhi and others did not dare to hesitate any longer, and stood up to express their support.

"Well, very good." Sun Yat-sen smiled slightly: "We have offended the Japanese so much this time, and there might be a war. I am going to take command in Wuhan and return to Beijing after the matter is over."

Chapter 0407 Shadow of War ([-])

Tokyo, Kasumigaseki.Inside the Japanese Prime Minister's official residence, the atmosphere was as depressed as if he had just lost a battle.In fact, it is similar, except that what they lost was a war that used currency and money as weapons.But now the thing to consider is whether to fight a real war to get back the lost money!