Those Chinese people spent a lot of money without hesitation and bought whatever they saw, looking like nouveau riche. The things they bought were brought back to the warehouses of the shops of the China Group Corporation one by one. This scene made countries all over the world

Businessmen all thought that the Chinese were crazy for hoarding so many goods. If they were caught in the act, even the largest company would go bankrupt.

Lanfang coins are also a very popular currency in major countries. It is very easy to use them to buy things. Moreover, at that time, all countries were on the gold standard and the exchange rates were very stable. There was no problem of exchange rate changes at all. Therefore, Lanfang coins were quickly spent.

go out.

Just when businessmen from all over the world were congratulating themselves on making a fortune, a piece of news appeared in various countries through wired telegraphs all over the world. The Lanfang Empire split and civil war broke out. The Royal Bank that issued Lanfang coins was completely robbed, and all gold reserves were

It disappeared, and Lan Fong Coin became a piece of waste paper.

At this time, businessmen from all over the world knew why the Chinese people were buying their goods in large quantities even though they knew they were raising prices. The first reaction of these businessmen was to spend these Lanfang coins, but now it is rumored that Lanfang coins have become

Waste paper, who would want Lan Fong coins?

The money could not be spent, so the businessmen thought of the bank. They could maintain their value by exchanging Lan Fong coins into local currency in the bank. However, when they came to the bank, they were told that the bank had suspended all exchange operations for Lan Fong coins.

With a large amount of Lanfang coins in their hands that they could not spend, these businessmen had no choice but to pray that the news was just a rumor. Unfortunately, a day later, the news was confirmed.

After receiving the news, major banks announced that Lanfang coins would no longer enter circulation and become waste paper. The working capital in the hands of a large number of businessmen had become waste paper. Their losses were huge. The break in the capital chain caused many businessmen to collapse and declare bankruptcy.

The collapse of a large number of industrial and commercial industries has caused violent turbulence in the economies of various countries.

Governments of various countries have sent notes to all parties in the Lanfang Empire, asking them to recall Lanfang coins around the world and compensate all countries for their losses.

Fang Xiaoyu’s answer was very straightforward. China Ling only issues Hua Yuan, and Lanfang coins are the business of the central government. China Ling is not responsible. As for the crazy consumption of Lanfang coins by Fang Xiaoyu’s industrial employees, that is a normal transaction and is voluntary by both parties.

It will never be returned. The Wang family and the Xia family also gave similar answers.

The Xiahou family was in an awkward position, so they simply chose to remain silent, but they also implicitly stated that such matters should be brought to the attention of the new emperor who had just ascended the throne. As for Cheng Yuhuan, his lungs were about to explode. No one acknowledged the second prince's ascension to the throne. Now there is

Everything happens to you.

The most irritating thing is Fang Xiaoyu. He took the wealth in the capital and spent those Lanfang coins, but now he blames it all on himself. He got the benefits but made himself lose money. How can this not make people angry? Cheng Yuhuan was furious.

He simply refused to do anything and simply refused all requests for compensation, acting like a rogue.

The governments of various countries were so angry that they could only protest verbally. But within the Lanfang Empire, no one dared to send troops to attack.

If Fang Xiaoyu, who has a position as a great power, finds an excuse to fight back against aggression, he will not be able to eat mutton and will be embarrassed. There are not a few countries that Fang Xiaoyu uses this excuse to kill. The lessons from the past are not far away.

Cheng Yuhuan was not punished by force, but he offended all the major powers. In addition, Fang Xiaoyu wrote many articles criticizing the gunmen in newspapers around the world. This directly resulted in the governments of various countries not supporting the Cheng family, and even those who secretly supported it.

None, otherwise the angry people of the country would find out and it would be strange not to overthrow the government of the country.

According to later statistics, in this incident, which later generations called the "currency war" of the Chinese leader, the China Corporation spent a total of 7 billion Lanfang coins, causing heavy losses to countries around the world. But this was not enough

After all, the currency war is just the beginning, and a bigger crisis is still brewing.

The news of the abolition of Lan Fong Coin had just begun to spread, and young people from the Commercial Investment Department of China Corporation immediately began to short-sell in the futures market.

These young people are all elites taught by Xia Tingyun. All their textbooks are the classic theories of later generations provided by Fang Xiaoyu. Their strength is definitely better than those in the world, and they can only be regarded as entry-level so-called economic experts and financial experts.

In the turmoil caused by Lanfang Coin, these young men took to the water like a fish in water. With the large amount of funds mobilized by China Group Corporation, they turned the entire futures market upside down. Then they entered the stock market, trading high and low in these two markets.

A large amount of valuable wealth accumulated by countries around the world is plundered.

On Wangxiang, the history of the stock exchange is only a few decades. It is impossible to develop many advanced financial theories in such a short period of time. Even the stock exchanges in various countries are crossing the river by feeling the stones and can only make passive repairs.

with imperfect trading rules.

At this level, how can we fight against this elite financial team under Fang Xiaoyu? Later generations believed that this stock market crash was caused by the collapse of the Lanfang currency system, which caused a lack of confidence and panic among investors around the world. But no one knows, in fact

These young people, whose names have never been left in history, play a decisive role in it.

The disaster did not stop at the stock exchange. Since the stores of the China Group purchased most of the daily necessities on the market, prices in various countries soared. The stores under the China Group sold their inventory at high prices and made huge profits.

Just like this, stock market crashes occurred frequently, prices soared, a large number of merchants closed down, and banks that provided many loans to merchants also closed down.

The capital chain was cut off and goods were overstocked, causing factories to close down one after another and a large number of workers to lose their jobs. Unemployed workers had no source of income and naturally lost purchasing power. This also resulted in no one buying goods.

Under such a vicious cycle, the seemingly prosperous industrial civilizations in various countries around the world collapsed one after another. The economic crisis that was supposed to occur many years later finally arrived early due to Fang Xiaoyu's deliberate operation.

Fang Xiaoyu has experienced this kind of economic crisis several times on earth and has learned a lot about it in history books.

The 'Black Friday' stock market crash of 1905 and the Great Depression of 1929 are the two most famous ones, and they triggered two world wars.

As for the recent ones, there are the Japanese economic crisis in 1990, the Asian financial crisis in 1998, the US subprime mortgage crisis in 2008 and the European debt crisis in 2009.

With so many cases in front of him, Fang Xiaoyu still has a certain understanding of the causes and response methods of the economic crisis. When prices began to skyrocket in various countries, Fang Xiaoyu immediately issued an initiative to all allies and proposed to convene a joint economic conference to deal with the current situation around the world.

domestic economic crisis.

Although most of the allies under the Chinese leadership do not have stock markets and were deliberately bypassed by Fang Xiaoyu and did not go to the Great Salanfang Coin, they are also worried that their own economies will be affected. Therefore, after Fang Xiaoyu proposed to hold a meeting to jointly discuss strategies to deal with the economic crisis.

, all allies quickly sent representatives.

In those days when there were no airplanes, the only way to get to the Chinese Territory from your own country was by boat, and going to the Chinese Territory by boat was very slow. For example, if the St. Martin Empire sent people to go by boat, they would have to cross the entire Eastern Ocean, which would take at least three months.

above time.

The economic crisis is urgent and has already had a negative impact on the country's economy within three months. Therefore, they unanimously chose to contact their embassy in the Chinese Consulate via the Chinese Consulate's radio and instruct the ambassador to attend the meeting as a representative.

This resulted in the strangest economic meeting in the world. It was also the only high-level economic meeting of many countries that did not involve the Minister of Finance or the Minister of Finance but was exclusively attended by ambassadors.

Since all the ambassadors came, the Chinese leader also sent Wu Qiong, who was in charge of diplomacy, and Zhao Qingyun, the president of the Bank of China, to preside over the meeting. At the meeting, Zhao Qingyun proposed the establishment of an economic union to jointly tide over the crisis.

Under Zhao Qingyun's easy-to-understand explanation, representatives from various countries roughly understood the key points even though they were not majoring in economics. After the ambassadors of each country requested instructions from their governments via radio, they all agreed to join such an economic union.

Five days later, representatives of various countries participating in the meeting in the Chinese Territory jointly signed the "Economic Mutual Protection Treaty among the Eastern Ocean Rim Countries". The treaty stipulated that from now on, the Chinese Territory, the Empire of Saint Martin, the Kingdom of Latin, the Kingdom of Hava, and the Kingdom of Oahu

, the Ezo Kingdom announced various regulations such as mutual cancellation of tariffs, unified use of the Chinese dollar as settlement currency, unified allocation of resources, and no need for passports for trade between countries.

The Bank of China has also begun to provide a large number of low-interest loans to various countries to help them build domestic infrastructure networks, increase jobs and stimulate surrounding industries to combat economic turmoil.

At the same time, the six countries jointly raised import tariffs by 300%, canceled export tariffs, and no longer conducted foreign exchange exchanges to keep foreign goods out of the country. Such measures brought about the decline of the economies of the Empire of Saint Martin and the Kingdom of Oahu.

There are signs of recovery again, and this treaty organization has begun to be called the Eastern Treaty Organization by countries around the world.

Just when the Eastern Conference was established, Xia Tingyun and Elena both gave birth to a beautiful child for Fang Xiaoyu. Xia Tingyun gave birth to a beautiful daughter named Fang Ruiying, and Elena's son was named Fang Ruihua.

Just when Fang Xiaoyu was happily celebrating the birth of another son and a daughter, he had no idea what kind of turmoil his financial operation would cause to the entire world.
Chapter completed!