.

"Until now, there are still different opinions about the "public debt wave" in the five years of the Republic of China. Conspiracy theorists still firmly believe that the so-called "attack on the prime minister" is just the beginning of this conspiracy. Everything is...

The government's careful planning was perfectly implemented. In the end, the two "cancers" affecting China's political and economic stability were completely eliminated in this conspiracy, and in the process, the political opposition was completely eliminated.

At the same time, the government received unprecedentedly sufficient funds, which further enriched the national treasury and accelerated the construction of three major industrial zones. In terms of national interests alone, this coincidence is not what conspiracy theorists call a "conspiracy."

"No matter what, after all, we have determined the maximization of national interests!"

"Cambridge History of the Republic of China—The "Public Debt Trend" in the Early Republic of China"

That night, HSBC, Macquarie Bank and other foreign banks' Taipan, as well as Shanghai's famous Jewish business groups and wealthy businessmen such as the Sassoon family, Hartung & Co., the Arnold brothers, the Kadoorie family, etc., gathered in the Aili Garden. If anyone pays attention

If you arrive, you will notice that there is no smile at all on their faces, and they all have a look of worry. The stock market plunged in the afternoon and most of them suffered heavy losses.

That night, the lights in the smoking room of the Aili Garden were still on. The businessmen gathered here spent the whole night discussing countermeasures and trying to use their last efforts to save their property. This time, personally

Their greed, boundless desire and ambition made each of them completely trapped in it this time.

Late at night, while everyone was still discussing, a telegram was sent from the senior staff of HSBC Beijing Branch. This telegram finally made everyone who was originally feeling extremely nervous breathe a long sigh of relief.

“The construction bond issuance period approved by Congress is in the second half of the year!”

When he put down the telegram, Qi Libin finally breathed a sigh of relief. This news came too urgently, otherwise, no matter what, he would give up tomorrow. He would not bet the entire HSBC on such a necessary thing.

A losing chess game.

"Gentlemen, I think we win!"

Just when Qi Libin's voice fell, Victor Sassoon, who had been listening to their conversation, stood up and said.

"Mr. Qi Libin, now, we have not won!"

At this time, Victor Sassoon was no longer willing to remain silent. He looked at Qi Libin and said.

"After experiencing yesterday's panic, we must realize what impact it will have on the market if the Chinese issue new public bonds. This impact can be said to be fatal!"

"That's why we have to speed up the time!"

"Yes, we have to get everything done before them!"

Facing everyone's answers, Victor Sassoon looked at Qi Libin, just waiting for his answer.

After thinking for a moment, Qi Libin looked at Victor Sassoon and asked.

"Victor, tell me, do you have any good ideas?"

"Immediately send people and use the Chinese Congress to force Congress to pass a new bill. At least for the next month, the Ministry of Finance will not issue new bonds!"

Victor's suggestion only made everyone's eyes brighter. What could be more unstable than this bill? And with the help of this bill, they can...

"Just do it!"

Qi Libin immediately agreed. In his opinion, this is an insurance, an additional protection. It may require a certain amount of investment, but compared to the future returns, it is worth it.

"Also, gentlemen, after yesterday afternoon's unprecedented storm in the bond market, I believe that tomorrow's bonds will be sold off. If we need to stabilize the market, then

More funds are needed! Otherwise, everything will be in vain!”….

Regarding this, no one will doubt that tomorrow is the time for them to save the market! To be precise, it is the time for them to save themselves!

"Morning, tomorrow morning, is very important!"

Jacob Sassoon looked at everyone and said, and then he looked at the clock again. It was now twelve o'clock at midnight, and they still had nine hours.

"Gentlemen, we need to increase investment by at least 30%. I hope that each of your funds will be in place before ten o'clock tomorrow morning!"

Almost as soon as Jacob Sassoon's voice fell, everyone turned their attention to the bank executives headed by Qi Libin. In the past few decades, they had mostly financed from these banks, but now, they obviously forgot

A little later, now banks are also involved in this speculation, and now their funds are also insufficient.

"At least, according to the "carrying pole principle", we don't need much cash!"

Compared with the stable Lianyungang Stock Exchange with strict terms and conditions, the Shanghai Stock Exchange, known as the "Holy Land for Speculators", is full of various speculative terms. According to the "leverage principle", they only

It only takes 10 million yuan to leverage a 50 million yuan market, but this speculative principle has now become their last life-saving straw.

Early in the morning, before the market opened, Shanghai's wealthy Jewish businessmen were out in force, using all possible connections to raise funds. They mortgaged their properties, real estate, and antiques in their homes to banks and banks, even at low prices.

The price is pledged just to obtain more funds to leverage more funds, which can be used to push the price of public bonds to a new height, thus reversing yesterday's plunge and the market downturn caused.

At the same time, executives from HSBC and several foreign banks’ branches in Beijing have mobilized one after another to get Congress to pass a resolution to prevent new public bonds from being suddenly put into the market. Now they are pinning all their hopes on them from within the Chinese government.

Regarding the "good news" they have received, as well as the subsequent bill "limiting the amount of public debt" that Congress may pass, these "good news" will ultimately help them save everything as soon as they are announced.

At this time, what they faced was that they could either give it a try or let the stock market plummet and go bankrupt. Obviously, these Jews, who were born with a spirit of financial adventure, chose the former. Similarly, those foreign banks that invested huge amounts of money also chose the former.

Chosen the former.

On this morning, Friday, as the clear and steady big clock struck, once, twice... the "opening" bell came from the Shanghai Stock Exchange's trading platform, mixed with the texture of trembling metal.

It reached the ears of the speculators who gathered here early.

Bell! Bell!

When the bell rang, they felt their right eyelids jump involuntarily. The bell seemed to bring endless blackness in the dream. It pressed heavily on everyone's nerves.

It’s open!

This day may be more appropriately described as "Black Friday". Affected by yesterday's bad news, the Shanghai Stock Exchange witnessed the hysterical madness after today's opening. Brokers and agents howled like ghosts and tore off their own

collars, trying to keep up with sell orders, and everyone knows the disastrous consequences if new Treasuries were suddenly thrown into the market.

The retail investors crowded the entire street and watched Shanghai's well-known Jewish speculators arrive in front of the exchange in their limousines. These Jewish wealthy people who once dominated the Shanghai Stock Exchange got off the bus.

Most of them had extremely confident smiles on their faces, and some even told the retail investors in Shanghai-style Chinese to have confidence...

At first, in the first few hours after the market opened, the price of government bonds continued to fall. However, after those businessmen and bankers injected hundreds of millions of yuan in capital to rescue the market, the price of government bonds stabilized. It seemed that they had

Preventing this disaster. Looking at the stock market that stabilized and slowly stopped falling, whether it was Sassoon, Hartung or the Arnold brothers, they couldn't help but let out a sigh of relief. At least they had overcome this hurdle for the time being.

"Now we just need to wait until the government announces the good news, and the market will stabilize!"

In the previous "bailout" activities, almost everyone overdrawn their wealth. For them, this was the last big gamble. The Jewish businessmen bet all of themselves, and even those foreign banks almost bet

Everything I have, now, there is no turning back for everyone.

Just as they expected, at ten o'clock in the morning, news came from Beijing that the Ministry of Finance had suspended the issuance of new public bonds. After this news came, everyone felt relieved.

alright!

Success!

Just when they breathed a long sigh of relief, there were still people in the market who were still selling public bonds. Unlike yesterday, when millions and tens of millions were sold, almost every sell-off today set a record, almost every minute.

It is increasing at a rate of tens of millions.

"receive!"

"As much as you have, charge as much as you want!"

With the first piece of good news as a reassurance, Sassoon and others no longer had any worries. They immediately began to instruct their agents to collect all the public debt.

As another piece of good news came during the noon break, Congress is discussing the negative impacts of the excessive size of the national debt and is likely to suspend the issuance of public bonds this year. This is another piece of good news.

Finally, under the influence of this double good news, people who seemed to have seen hope finally gave it a try. As soon as the market opened in the afternoon, the market became crazy again.

At this time, these people who were trying to push the market again did not know that the information they received was accurate. The Treasury Department had indeed temporarily slowed down the issuance of public bonds. They also seemed to have successfully lobbied Congress. However, they did not

What we know is that all this is just to let these Jewish businessmen and foreign banks give it a try.

The really most fatal news is not these "market factors". For Zhou Zuomin, who planned all this, he has another bargaining chip, the most fatal bargaining chip.

"...Will there be any changes?"

After learning that the agent had overdrafted more than 100 million yuan, Qi Libin had an ominous premonition in his heart. This ominous feeling only made him a little uneasy. What worse news could there be?

?.

Looking at the stabilizing public bond market, Qi Libin could not guess what worse news there would be. Just when he was puzzled, suddenly, his office door was pushed open.

"Da-taipan, Li..."

The face of the comprador who broke in was pale, and there was no trace of blood on his frightened face.

"Li Zicheng boarded the warship at Dagukou!"

What!

In an instant, Qi Libin suddenly fell down into a soft chair, and the color on his face disappeared at this moment.

Premier Li returned to Lianyungang on a warship from Dagukou!

Tens of minutes later, this news, like thunder in late spring, spread throughout Shanghai. Everyone was stunned for an instant. What this meant was very clear to everyone. After several days of silence, that

The most worrying thing finally happened,

war,!

The clouds of war are about to envelope north and south China.

Public debt!

After the outbreak of war, what will be the purchasing power of public debt?….
To be continued...