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Chapter 1160 Silver Dollar War (Part )

Seeing everyone’s panic, Ai Zhongfu sighed in his heart, what a good opportunity.

Previously, in order to undermine Shanghai's economy, they produced a large number of counterfeit banknotes, but they did not expect that the RMB exchanged by the new government was so sophisticated that it could not be imitated at all.

Fortunately, these counterfeit banknotes were newly released not long ago and not many people know about them. Their counterfeit banknotes can defraud a lot of money, but it is still not enough to cover their printing costs.

If they could imitate the RMB like that, and directly distribute the money to this group of people, letting them exchange it desperately, they would make a lot of money.

“What a pity~!”

Although the fake RMB didn't work, it didn't mean he couldn't continue the mission, so Ai Zhongfu continued:

"Clearing out our positions now and running away would definitely be a huge loss. To avoid losses, we should continue to increase our positions. Since it has come to this point, we might as well give it a try."

At this time, Chen Ruitang also stood up and said through gritted teeth:

"Yes, there is no way to retreat now. Besides, I don't believe that the Military Control Commission has so many silver dollars that they can't buy them all."

"The current situation is that we are afraid of both ends. We seem to be in a weak position, but is the Military Control Commission really that strong? Everyone probably knows how much money the Red Party has!"

"As long as they don't mobilize funds and supplies from the north, how can they be our opponent? Now is the most critical moment. Tomorrow we will concentrate our strength and make another charge. I really don't believe that the Communist Party can run wild in Shanghai."

Li Xingyu also cooperated and said:

"Yes, our people have been monitoring the Military Control Commission. No silver dollars have been released today. I also heard that they are collecting silver dollars in the nearby liberated areas. Apparently, they have run out of silver dollars!"

Wu Yankang, a textile tycoon, was delighted when he heard this:
"Yes, everyone should know that when Xiao Chang's people evacuated Shanghai, they had already plundered the surrounding area. Even if the Red Party can collect some silver dollars now, it is definitely not too much!"

"If I withdraw now, I will suffer a huge loss. I might as well take a gamble and put my textile factory on the line. I don't believe that the silver dollars of the Military Control Commission will not be enough to buy it all."

Some investors have lost so much money that they are determined to mortgage their fixed assets after listening to the analysis of several people.

The bank that provided the mortgage was none other than the Global Development Bank. After all, Lin Hao's Development Bank had a very good reputation. Not only did it accept payments both domestically and internationally, it also had never had a bad record of cheating its customers.

There are many people in the same situation as Wu Yankang. They made a lot of money in the past few days and are reluctant to let it go.

Seeing everyone's indignation, Ai Zhongfu of the Security Bureau said again:

"Everyone, we are not at the end of our rope yet. Don't forget that there are more ways to devalue the RMB than just exchanging it for silver dollars."

"If prices rise, the effect will be no worse than exchanging silver dollars. Wouldn't you have more RMB in your hands by then?"

"Yes, we were almost deceived by the Red Party's exchange of silver dollars. Now we go back and raise the prices at the same time, especially grain, oil and cotton cloth, which are essential daily necessities. As long as the prices go up, the RMB will surely be driven into the mortal world and become a piece of waste paper."

Looking at the excited crowd, Ai Zhongfu smiled. Then a group of speculators and big capitalists began to hoard goods and raise prices.

Of course, what they didn't know was that the reason why there was no large-scale exchange of silver dollars today was entirely because Lin Hao deliberately did so against all odds. After all, he had to give them time to raise funds.

In fact, at the beginning, the two Comrades Chen did not agree with Lin Hao's approach. After all, the depreciation of the RMB will not only make capitalists make money, but will also affect the RMB held by ordinary people.

But Lin Hao directly asked, are those who participate in the speculation of exchanging RMB for silver dollars ordinary people?
The money that ordinary people earn every day is enough to buy food for the day. But are those who use their spare money to participate in speculation and help the evil still ordinary people?

On the other hand, for those who have confidence in the RMB, as long as they do not exchange them for silver dollars, you will find that no matter whether the RMB rises or falls, it will not have any impact on them.

After Lin Hao explained the whole thing, Er Chen tacitly agreed to Lin Hao's plan, because Lin Hao's behavior this time was essentially a redistribution of wealth while also combating speculative behavior.

Of course, if Lin Hao killed them with one stick, he would not be able to empty their assets, but would be helping them instead.

As a result, Lin Hao's Development Bank received a large number of mortgage loans on the 8th, and Lin Hao accepted all of them and took as much as he could.

As a result, the RMB funds in the hands of these speculators were instantly replenished. In addition, these large merchants also raised prices on a large scale at the same time, and the exchange rate was forced back to the level of 3600 on the same day.

Seeing that the Military Control Commission did not actually take out more silver dollars for exchange, the speculators seemed to see the dawn of victory and began to celebrate.

However, on the next day, June 6, the silver dollar dealers hired by the Military Control Commission went out again, but this time the quantity was even more terrifying, still 9 yuan per silver dollar, with a limit of 1 million silver dollars.

The reason why it was 1000 million silver dollars was because the value of the collateral that the big capitalists and speculators could put up was only 1000 million silver dollars.

As a result, the silver dollar exchange rate to RMB fell again to 3000, and then stayed at this exchange rate for a whole day.

When the market was about to close in the evening, the new government suddenly issued an announcement, asking ordinary people in Shanghai to have confidence in the new government and not to participate in speculative activities of exchanging RMB for silver dollars.

At the same time, news spread in the market that another 1000 million silver dollars will be released tomorrow, and the exchange rate will be 1 to 2500.

Good man, the new government’s announcement can be ignored, but there will still be 1000 million silver dollars on the market tomorrow, and the price will be even lower.

This immediately made ordinary people who were trying to make a small fortune, that is, the retail speculators, furious.

They took advantage of the last opportunity to exchange their silver coins back into RMB, and for a time the exchange rate was forced to drop to 2600.

The big capitalists and speculators were immediately in trouble because their funds had been exchanged today and they could only wait for the RMB to appreciate every day.

"What should we do? We have no RMB left. If the Red Party really releases 1000 million silver dollars tomorrow, we'll be finished!" Everyone was extremely worried.

At this time, Ai Zhongfu reminded again:

“Everyone, I know you are worried about the announcement issued by the Red Party government today, but don’t forget why they didn’t issue an announcement before.

"Didn't you notice? They are guilty!" Ai Zhongfu analyzed with a confident look:
"The Silver Dollar War has now reached its most critical moment. If they can really come up with 1000 million silver dollars, there is no need to rush to issue an announcement, let alone release any gossip in the market!"

"If I were in their position, I would definitely make a fortune quietly. Why are they so eager to issue an announcement? It's obvious that they are not confident!"

"But we don't have any RMB in our hands after all!" Someone retorted:

"They don't even need to put up 1000 million silver coins tomorrow. I'm afraid they will be wiped out by retail investors as soon as the market opens!"

Ai Zhongfu said with a confident smile on his face: "Who said there is no RMB? Have you forgotten that silver dollars themselves are valuable? We can mortgage them with the bank!"

Oh, I almost forgot this. To be honest, in their view, silver dollars are real money, while RMB is just a piece of paper.

So as long as they can keep these silver dollars, they will be invincible, and at least they will not lose everything.

But Ai Zhongfu's proposal made them hesitate. What if the new government could hold out? Would they lose everything?

But what Ai Zhongfu said also makes sense. The new government is obviously strong on the outside but weak on the inside. As long as they exchange the silver dollars in their hands into RMB, they will obtain a huge amount of funds. Then they will make another rush and definitely make a lot of money.

Finally, after some struggle, under the instigation of Ai Zhongfu and a group of enemy spies, everyone decided to go to the Global Development Bank to exchange the silver coins in their hands.

"Everyone, I already know your request. I can indeed accept silver coins as collateral, but there is one thing I need to remind you of!
This group of people found the Global Development Bank, and Lin Hao was of course happy to accept it. There was no reason not to accept the money that was delivered to his door.

Looking at the anxious capitalists and speculators, Lin Hao said calmly:
"The mortgage price of silver is converted into RMB according to the international silver price, not according to the current inflated price. This is the premise of the mortgage!"

"Do you all agree?" Lin Hao said and looked at everyone.

A group of big capitalists and speculators nodded in confirmation with some heartache. There was no other way. The only international bank that could accept mortgages on a large scale now was Lin Hao's.

Seeing that everyone agreed, Lin Hao continued:

"The current international silver price is 1 silver dollar to 0.52 U.S. dollars, while 1 U.S. dollar to renminbi is 2.3 yuan."

"But this price is obviously abnormal. However, the current silver price is also inflated. So after careful calculation, if it is converted into a reasonable price in RMB, it is about 1 silver dollar to 1000 new RMB."

"I wonder if everyone can accept this price?" Lin Hao looked up and asked lightly.

"Is it so low?" Everyone was shocked when they heard this: "This price is too low."

Lin Hao didn't say anything, just watched them perform. Anyway, he was not in a hurry at all, as they would bow their heads one day.

"Why don't you all go back?" Seeing that everyone was still arguing, Lin Hao said calmly:

"The new government's official exchange rate for silver is 1 silver dollar to 100 silver dollars!"

As soon as Lin Hao finished speaking, everyone fell silent. So the one who was repaid was the Development Bank. He really dared to lend money because he had the money!

Seeing that everyone stopped discussing, Lin Hao continued:

"Based on 1000 as the standard, at a ratio of 50%, your 3000 million silver dollars can be loaned to you 150 billion RMB!"

"Can't it be higher?" A group of big capitalists grimaced with heartache. It was too painful.

They always lend 90% to others and 13% to others. When did they become cattle and horses? The key is that Lin Hao is even more ruthless than them and directly splits it 50-50.

"Haha~!" Lin Hao chuckled and said:
"Then you should seek help from other people. Maybe you can ask those banks to help you exchange the currency. After all, the new government has given them the right to exchange the currency!"

At this time, Chen Ruitang, the organizer, bowed to Lin Hao and said, "Thank you, Mr. Lin!"

Then he said to the crowd:

"In fact, Mr. Lin has been very kind. After all, the Development Bank has taken our silver dollars, which also carries huge risks. If the silver-to-money exchange rate falls below 1000, not only will we suffer huge losses, but the Development Bank will also be in trouble. What do you think?"

Indeed, after all, the official quotation of RMB is only 1 silver dollar to 100 RMB. Obviously, Lin Hao’s bank also took huge risks!

"How generous!" Everyone couldn't help but think, and they all agreed to the mortgage loan!

Lin Hao raised his eyebrows and said, I am indeed so kind and selfless. It’s amazing!

"Wait!" At this moment, the economic enemy Ai Zhongfu suddenly said:
"Of course we have no problem with mortgage loans, but what if the bank hands these silver coins over to the new government? Wouldn't that be aiding the enemy and digging a hole for ourselves?"

"Buzz~!" Ai Zhongfu's reminder made everyone react instantly.

If the development bank did this, wouldn't they be at a huge loss, providing ammunition to the new government and aiding the enemy in its fight against them?
However, Lin Hao smiled and said calmly:

You can rest assured, I can make a guarantee here. After the silver coins are put into the treasury, I will allow you to send someone to supervise and ensure that the silver coins are not used for other purposes!

"Of course, in order to avoid risks, in exchange, if the silver-to-money ratio drops to 1500, we have the right to dispose of this batch of silver dollars. Can you accept this?"

After everyone thought about it, they realized that banks would not do business at a loss. However, they were experts in this area and understood why banks did so.

“Isn’t 1500 too high?”

"It was originally a half-mortgage, and now it's been cut by another third!"

"Yeah, that's too high!"

At this time, Ai Zhongfu said again: "Mr. Lin, you can see that the lower limit of the risk ratio is too high. How about 1100!"

Next, after some tug-of-war between the two sides, they finally pulled the lower limit of the risk ratio to 1200.

In other words, if the exchange rate of 1 silver dollar to RMB is lower than 1200 RMB, Lin Hao can dispose of the 3000 million silver dollars at will.

After reaching an agreement, Lin Hao immediately exchanged 150 billion RMB for them. After getting the money, this group of speculators immediately spread the news, threatening to buy as many silver dollars as there were on the market every day.

At the same time, those big merchants once again demanded to reduce the supply of materials on the market, so the prices of items purchased with RMB collectively doubled.

This was almost a show of disloyalty, and the news spread throughout the entire Shanghai Beach that night, so people were horrified by these big capitalists.

So before the market opened during the day, there were a large number of private transactions that night, but the strange thing was that neither the new government, the Military Control Commission, nor the Red Party’s Central Bank made any movement.

So in the eyes of everyone, they all confidently believe that the new government has given up struggling!