Dreaming back to 1949, the great powers were there to deceive us

Seeing that he agreed, Carter smiled and said,

"Now that we've reached a consensus, let's discuss how to make future payments. After all, Descartes also needs sufficient reasons to convince other depositors."

Seeing Carter so active, Morris immediately realized that he had overlooked a key factor: the government would not allow banks to go bankrupt.

If that’s the case, hehe!

"Carter, can the consulate lend us some money?"

The consul flatly refused.

"Those who save themselves will always be saved by others. Whether the consulate will lend you money depends entirely on your determination and strength to save yourself!"

Morris hit a snag and stopped talking.

Hu Zhenhua expressed embarrassment.

"Their company really has no money. If it did, I would have already paid for it. Carter, you are an outsider and can see things more clearly. Please give me some advice!"

Carter was waiting for this sentence. He pretended to think for a moment and suddenly said,

"Don't you have coal worth 1.2 million Mi Yuan? You can give it to the depositors!"

Hu Zhenhua shook his head like a rattle,

"That batch of coal is still lying underground in Jiangbei. It will take who knows when to mine it!"

Descartes immediately grasped the key information from the brief conversation between the two and asked hurriedly,

"TA's company's tentacles have extended into the mining sector in Jiangbei?"

When Lao Hu saw the fish taking the bait, he laughed.

"You can say it is, and you can say it is not. TA Company can only get a fixed amount of coal, which does not count as equity. I will also need to purchase some coal mining equipment later."

Seeing Descartes lost in thought, Carter immediately gave him a great assist.

"Hu, how about purchasing the coal mining equipment from the American Steel Company? This can be considered as compensation for Descartes helping you persuade other depositors."

Descartes' blood circulation speed increased a lot.

Before Hu Zhenhua appeared, the capitalist world's general attitude towards socialism was containment and blockade. Against this backdrop, Western companies had little desire to enter the red country.

But the emergence of Hu Zhenhua, a big liar, brought about subtle changes in the situation.

Many politicians have seen the possibility of economic, monetary and cultural invasion, and are no longer so harsh on blockades and containment. Instead, they want to use peaceful means to evolve the enemy country.

Capital is not interested in any political system; what they are interested in is whether they can make money.

Why are many Western companies scrambling to get into industrial zones? It’s because they can make money there.

Descartes suddenly shook Hu Zhenhua's hand and said warmly,

"I agree to pay off the debt with coal, provided your coal mining area purchases my company's equipment!"

Hu Zhenhua nodded slightly.

"I agree, but only if the equipment is paid for with coal!"

This means that US Steel Corporation has to advance funds for purchasing equipment.

Descartes always felt that something was wrong. Not only could he not get back the money he deposited in the bank, but now he had to pay for it again!

Does the US Steel Company look so much like a victim?

Descartes pondered for a moment and said,

"Yes, but the prerequisite is that the company must provide a guarantee!"

Hu Zhenhua was naturally unwilling, he laughed and said,

"Gentlemen, I want to make one thing very clear: the one who owes the money is Chongming Development Bank, not TA Company. I'm using coal to pay off the debt, which is equivalent to taking over everyone's debt. I hope you won't make unrealistic demands. TA Company is the controlling shareholder, but the bank is an independent entity after all, responsible for its own profits and losses!"

Carter originally wanted to persuade Lao Hu, but seeing his firm attitude, he could only turn his target to Descartes. After all, you have to pick the weak ones.

"Risk and reward are directly proportional, Mr. Dicka. Besides you, there are a large number of companies that can provide coal mining equipment. Believe it or not, they can not only advance the equipment payment, but even give you a big discount!"

Descartes felt very aggrieved. Since when did the US Steel Company become the bullied wife?

He wanted to refuse outright, but he was afraid that the bank would really go bankrupt!

"Chairman Hu, a set of coal mining equipment involves tens of millions of dollars. If there is no collateral, I'm afraid the higher-ups won't approve it."

Hu Zhenhua laughed and said indifferently,

"Mr. Descartes, you don't have to worry about it. Opportunities are reserved for those with vision. If Mr. Jaliman refuses, I can only express my regret!"

Carter was a little angry. It was just a guarantee, what was the big deal!

He nudged Morris with his foot, hoping he would say something.

Morris was so eager for the bank to go bankrupt that he refused to speak and turned his head to look away.

Hu Zhenhua didn't want to make things awkward, so he immediately changed the subject.

"In order to ensure the normal operation of the bank, I have decided to implement a dual currency system in the industrial zone!"

This is a new term that no one has heard of.

Hu Zhenhua leaned on the sofa and explained,

"Banknotes issued by the bank should, in theory, be freely exchangeable for rice dollars. However, due to the bank's insufficient rice dollar reserves, I have decided to intervene in the exchange process. In other words, if you hold banknotes and want to exchange them for rice dollars at the bank, you must wait in line! You can only exchange them when the bank has rice dollars."

Morris, a financial elite, immediately raised a key question:

"Excuse me, can rice and dollars still circulate freely in the industrial zone?"

Hu Zhenhua nodded.

"of course can!"

Morris was a little confused. On the one hand, the US dollar could circulate freely, but on the other hand, the free exchange of banknotes was restricted. Only a fool would use banknotes!

Hu Zhenhua's move is similar to the onshore RMB.

That is, by controlling banknotes, the total amount of currency in circulation can be guaranteed to achieve financial stability.

Strictly speaking, the banknotes of Chongming Development Bank can be regarded as a currency, a currency based on the US dollar, similar to the Hong Kong dollar.

When any new thing emerges, few people pay attention to it. Even Morris is not interested in it, so Carter naturally won't care either.

Hu Zhenhua looked at Descartes and smiled.

"All depositors will receive banknotes in full. You can use them to invest, purchase materials produced in the industrial zone, or exchange them for rice and yuan on the black market. However, exchanging them on the black market might be a bit of a disadvantage!"

Descartes only had two words in his mind: investment!

Hu Zhenhua has always liked to eat alone, but what happened now? He actually started to share his wealth.

There is no love without reason in the world. Hu Zhenhua knew that if he opened up the market, some people would think he had bad intentions, so he quickly made a request.

"I declare in advance that investment is limited to areas that TA's company does not involve!"

Descartes seemed to smell a familiar scent, and he said to himself: This is Hu Zhenhua!

Descartes' mind became excited. Although TA company has a wide range of business, there are still many areas that it has not involved, such as natural gas, non-ferrous metal mining and so on!

Hu Zhenhua has already opened the door to the red market. Whoever can enter first will be able to seize the market.

Putting aside the market, China’s labor costs are only 1/15 of those in the United States, which is a huge competitive advantage!

Descartes held Hu Zhenhua's hand again and said with a smile,

"That set of coal mining equipment doesn't require any collateral. Our company will provide the funds. I only have one small request: I hope to obtain the exclusive operating rights to an exclusive industry!"

Hu Zhenhua refused outright, but gave some compensation.

"That's unrealistic. I can give you three industries, but I'll only give you six months of exclusive operating rights. This first-mover advantage is enough for you to seize the market!"

Dicka couldn't resist the suggestion and reluctantly agreed.

After dealing with him, Hu Zhenhua turned his attention to Morris.

"My friend, if Huaqi Foreign Company wants to enter the industrial zone, it can do so at any time, but there is one prerequisite: it must accept the supervision of Chongming Development Bank!"

Morris felt mixed emotions after hearing this.

His dream of running a central bank was completely shattered after only half a month.

How could Hu Zhenhua not know what he was thinking, but some things had to be said in advance.

Lao Hu comforted him,

"My friend, don't forget, you are a shareholder of Chongming Development Bank!"

The implication is: Although you cannot become the central bank, you can become a shareholder of the central bank!

Morris felt better and asked,

"Will you accept the entry of other foreign companies?"

"Of course! But I'll buy you one more month!"

Morris was obviously not satisfied with this time period.

"I hope I can have a six-month buffer period like Descartes!"

The reason why Hu Zhenhua wanted to introduce Huaqi Foreign Company in advance was to provide a way for Western capital to enter.

After all, after Chongming Development Bank began to implement banknote exchange controls, foreign capital was unlikely to choose the bank for fund deposits, withdrawals and settlements.

At this time, Huaqi Foreign Company became a backup option.

After a brief thought, Hu Zhenhua nodded slightly.

"Morris, although your request is a bit excessive, I still decided to agree. After all, we are friends!"

"Hahahahaha!"

Morris gave Lao Hu a hug and said cheerfully,

"I'm in a good mood today, I'll treat you to some braised pork, and we won't leave until we're drunk!"

……