Fengxian Jiangshan

Chapter 107 Good money drives out bad money

Zhengjin Bank failed to invest in bonds, lost all their money, and there was turmoil in Japan. These news that came one after another greatly shook the confidence of the Chinese people in the yen.

The basis of banknotes is credit. Because the great powers are strong and the economy is developed, the Chinese people trust their currencies, and the great powers can exchange the blood and sweat of the Chinese people with sheets of white paper.Now that there is such a big trouble in Japan, whether it is worth trusting has caused many ordinary people to question.

Especially the common people in Fengtian, these days a large number of newspapers are introducing the rice riots in Japan, and the Japanese also started riots because they couldn't afford rice, and all major cities lost order.In Osaka alone, there were as many as 5 to [-] people who took to the streets to march. These people marched during the day and attacked rice stores at night.

Often in groups of several hundred, they smashed open rice stores, attacked police stations, seized train stations, and seized food trains.After these people grab the food, they distribute some of it to the poor.As a result, those poor people also joined in, and the number of people participating in the riots snowballed, getting bigger and bigger, and the scope of the spread became wider and wider, and riots appeared in major cities.

Gradually, the riots got out of control, and the looting targets were not just rice, but anything of value. Almost all shops were affected, and even some rich people's residences were attacked.

Hooligans and other forces also made their debut, taking advantage of the social chaos to steal and rob wantonly.The law and order in Japan was mostly paralyzed, and the demonstrations were out of control. The Japanese government also had to make up its mind and resort to bloody suppression.

The Japanese government mobilized a cavalry regiment, an engineer battalion, and a field artillery regiment.Countless soldiers with live ammunition rushed to the streets of Osaka.They frantically arrested the marchers, and if they resisted, they would be shot dead. In a few hours, these Japanese soldiers killed more than 2000 people.

The blood stained Osaka red. These Japanese people are cruel to outsiders, and they are also rude to their own people.The prisons are full, and all of them are detaining those who participated in the riots. At this time, the Japanese government no longer cares whether these people have been wronged. What they need is deterrence.Use bloody facts to bring those who participated in the riots to their knees.

Not only in Osaka, Kobe, Nagoya, and Tokyo were also doomed. There were bloody clashes between the military and police and the parade. How many Japanese were killed?I'm afraid it will never be counted.

The social turmoil in Japan was unprecedented, and even the American consortium did not expect such an astonishing effect.Initially Fred reached out to them through his network.Hoping to attack Japan's bond market together, these consortiums had no interest at all at first, and they dismissed Zhang Tinglan's power.

However, Americans also have their own considerations. They are already very dissatisfied with Japan's aggressive expansion of its sphere of influence in China and its dominance of the market.Therefore, they are still very willing to make trouble for the Japanese.

These people also didn't regard Zhang Tinglan as an equal ally, but just let him charge forward, if it really succeeded.They're following up, and if it fails, it's none of their business.

The result was beyond everyone's expectations. The capital that Zhang Tinglan invested in was like a small snowball dropped on the top of the snow mountain. Triggered an avalanche.

After the large-scale riots began, the Japanese government took decisive action and invested huge sums of money to stabilize finance. Before that, all Jewish capital had been withdrawn.In the short confrontation, they took away more than 2000 million yen in total. Although it is not as attractive as the European feast, it can be counted as a delicious snack. These consortiums are satisfied

It was only at this time that the force represented by Zhang Tinglan officially entered the vision of the American consortium, and they might be able to use them to counter Japan and expand the commercial interests of the United States.

Through this cooperation, Zhang Tinglan finally gained the recognition of the American power. In the next 30 to [-] years, the only power in the Pacific region that can check and balance Japan is the United States. The introduction of American power will be very beneficial to curb Japan's expansion.

And the Americans are different from the Japanese. They value commercial interests. Although they are insatiable, they are too much compared to Japan's cannibalism.Fred disclosed the willingness of the American consortium to strengthen cooperation, and Zhang Tinglan immediately expressed his welcome to American businessmen to come to visit.

Zhang Tinglan also promised that if Zhang Zuolin was in charge of Fengtian, he would formulate a plan to encourage investment and facilitate investment in the United States, which also made the United States very excited.

Of course, these cooperations need to be investigated in detail, and it will take time.Zhang Tinglan's current main task is to enjoy the fruits of victory, to fight big with small things, the risks are huge, but the benefits are also amazing.

The first point is that the credit of Zhengjin Bank began to go bankrupt. After the intensive bombing by the newspapers, and in the face of the bloody facts, the superstition of the people of Fengtian towards foreigners was shattered.They ran to Zhengjin Bank one after another, demanding to exchange bank notes into gold and silver. The long crowd blocked the street in front of the bank.

This scene is very similar to not long ago, but at that time it was the official bank that was run, and Zhengjin Bank's funds were broken, and there was no way to cope with the large-scale run. It was forced to stop after only exchanging 10,000+ yuan.

The more they are like this, the less confident the people of Fengtian will be. In fact, the people who hold Zhengjin Bank's currency are mainly rich people, including the old and young of the Manchu Qing Dynasty, famous scholars, and rich bureaucrats.When ordinary Fengtian people pay taxes, they mainly use Fengzheng. They occasionally have some Japanese bank notes in their hands, but the amount is very scarce.

After the large-scale run, these rich people couldn't sit still anymore. The Japanese bank notes, which they used to regard as more valuable than gold, were in danger of becoming waste paper. Just when they were about to exchange them, it was reported that The news that the Gold Bank refused to exchange for several big households, the confidence of this group of people naturally collapsed, and they ran to the Zhengjin Bank like crazy, but the door was closed and locked, and the Japanese soldiers guarded the door fiercely, and they refused to exchange at all.

"Damn it! You deserve it!" Zhang Xueliang said angrily, "It's better for these guys to go bankrupt. They don't believe in Chinese money, they believe in Japanese money. They think that the Japanese are the heavenly kings and fathers. What happens is that little devils are just as unreliable!"

Most of the crisis was eliminated, and Zhang Tinglan rarely had a relaxing time, and was dragged out by Zhang Xueliang again, and ran to the teahouse, listening to her husband's storytelling and drinking tea at the same time.The topics of these tea guests are also inseparable from the affairs of the Zhengjin Bank. It is all about the boss who cannot withdraw hundreds of thousands of deposits, and the bank notes of the rich businessman who will become white paper...

"Hanqing, in fact, these are just panics. One-third of the shares of Zhengjin Bank are held by the Japanese government. Do you think the Japanese government will let it go? Now Japan is busy at home, and a group of chaebols such as Mitsui and Mitsubishi have been damaged. Seriously, they have to make up for the losses of the chaebol first, after this period of time, the Japanese will continue to inject capital, and the crisis of the Zhengjin Bank will be over.”

"Brother Ting Lang, do you mean that the bank notes will be restored? Isn't that cheap for these guys!"

Zhang Tinglan nodded with a smile, and then shook her head: "In theory, it is true, but it depends on people's efforts, and I am still there. The people who have the most bank notes in their hands are the old and young of the Manchu Qing Dynasty. These guys have deposited all the people's fat and cream in the Japanese. The bank thought it would be safe. Now that Zhengjin Bank cannot exchange them, they are almost desperate. The official bank will soon launch a new measure, which is to exchange new Fengjin notes for Zhengjin bank notes, but they can only Make a half discount!"

If we want to develop industry, we need a steady stream of investment. Of course, these investments must be provided by the financial system. In other words, without financial autonomy, it is impossible to develop industry.Banks and currencies are manipulated by outsiders. It is only necessary to block funds when the turnover of enterprises is not working, and the good factories will be finished.

This is also the reason why China could not develop heavy industry in the history of the Republic of China, because the investment cycle of heavy industry is too long, the effect is too slow, and without the escort of financial power, there is no hope at all.The situation in later generations is also the same. Most of the finances of backward regions such as Africa and Latin America are in the hands of foreign countries, so they can only keep falling behind. Without industrial support, they will be the first to suffer if there is a slight disturbance.

It was precisely after seeing this point that Zhang Tinglan chose Zhengjin Bank as the first target to attack. The facts were just as he thought. Zhengjin Bank was indeed in trouble. Zhang Tinglan can do [-] if a person can do the first grade of junior high school. Now that everyone doesn't believe in Zhengjin Bank, it happens to be a good opportunity to make trouble.

Zhang Tinglan didn't care about the little profit he got from running on the bank. His plan was even bigger. He wanted to drive bank notes out of the market and let the banknotes rule the world.

In the following two days, the Fengtian Industrial Group issued consecutive statements stating that in order to protect the interests of the people of Fengtian, the official bank is willing to provide exchange services.Bank notes of the Zhengjin Bank can be exchanged for tribute notes, and there is a special regulation that small amounts can be exchanged at a [-]% discount, and large accounts can only get a half discount, that is, ten yuan can only be exchanged for five yuan.

This kind of behavior is undoubtedly another plunder, but for some people in Fengtian who are in despair, it is undoubtedly a great gospel. They took out the bank notes in hand and went to the official bank to exchange the value. A steady vote.

This time, the official bank also showed unprecedented efficiency. A total of 200 windows were opened. In less than three days, more than [-] million coupons were exchanged. The money was mainly from ordinary people.

After waiting for three days, the old and young of the Qing Dynasty, rich businessmen and bureaucrats couldn't sit still. Although they would lose half of their property, it would be better if there was nothing left.In fact, they also contacted the banks of the great powers during this period, but banks in the United States, Britain and other countries were not optimistic about Japan's prospects and refused to accept Japanese bank notes. In desperation, they took out the cash on hand.

Outside the official bank, this group of well-dressed guys had to line up honestly, nodding and bowing to the employees, and finally exchanged the bank notes in their hands for Xinfeng tickets. These people finally felt relieved.

However, it is Zhang Tinglan who is really relieved. In just a few days, the circulation of Fengpiao has exceeded 500 million. Adding the previous 500 million, the total circulation has exceeded 2000 million. Fengpiao has become Fengtian's most important, Strongest currency. (To be continued..)

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