Wall Street, New York, USA.

Walking through Broadway and coming to the corner of Wall Street, the most conspicuous building is undoubtedly the famous "Trinity Church". In front of this church is the New York Stock Exchange, and behind it is the famous "street market". Some stocks that cannot be listed on the New York Stock Exchange are here to buy and sell along the street. Americans in various suits are blushing and making various gestures. From time to time, some people leave in frustration, or happily pull a few people to the tavern to celebrate.

Among the many skyscrapers that are competing with each other, an 18-story steel-framed windowed building is just right, with an American flag in front of the door, and a alert and polite guard standing. Occasionally, young people of different skin colors come in and out in a hurry, like a fire burning their butts. Of course, on this street where wealth is surging every minute, this is really a very normal situation.

Top floor office.

The floor-to-ceiling glass windows overlooking the entire block were hung with thick curtains, and the house was illuminated by incandescent lamps. More than a dozen yellow-skinned and white-skinned men were dressed up by Wall Street elites: black trousers, straps, white shirts, black bow tie, and neat backs. Everyone had serious expressions and guarded their own positions.

Nominally belongs to a certain British jazz, but actually owns the Royal Industrial Investment Business Department of the Chinese Empire. Cai Zhiyong, chief trader of "Magic Stone Investment Company", looked at the wall clock and said calmly: "It's time..."

"The quote is out!"

The paper tape on the automatic quotation typewriter was spinning, and a young man looked at it and shouted out: "Eighty-eight and one basis point (the US Treasury bond transactions are at $1/32 per basis point)... One thousand copies!"

Although I was prepared for it, this number shocked many people.

Coming fiercely.

Over the past few days, a wave of selling off Chinese government bonds has been set off on Wall Street in New York.

At the beginning of the war, with the help of a series of initial victories by China and some kind of propaganda intentionally or unintentionally instigated by the US government, the second issue of the national war issued by China became a hot commodity. It absorbed a large amount of surplus capital that was lacking in investment due to the economic crisis with a yield of only 3.5, and also made several Chinese capital and Jewish investment banks that were agents make a fortune.

However, the situation of the war soon seemed to have reversed. China retreated step by step, and Japan and Russia advanced step by step. At the beginning, many optimistic observers were still advocating that "the Chinese lure the enemy into depth, and will soon give the Russians and the people a fatal blow." But as the crucial Kulun lost, the people successfully completed strategic deception on the land of Liaodong, the Manzhouli Fortress fell, and the Japanese-Russian joint fleet crossed the sea. These voices gradually became low, and various rumors began to rage. When it came to the ***, there were rebellions everywhere, and news of a large-scale anti-war in Shanghai came, and even the most determined "supporting the Chinese faction" was deflated.

The current situation has obviously made what was originally thought to be the least likely to happen: China may be defeated, and the government may subvert, and the country may be divided! At that time, the best result will be debt restructuring, which is to cut interest and even principal. The worst result will be a revolution in China, and these national debts will become headless lawsuits!

Many American Treasury bond buyers were originally lucky and wanted to wait for the price to rise before leaving, but they became increasingly desperate.

Faced with this situation, various investment companies under the Imperial Royal Family in New York, Boston and Baltimore, investment departments of various consortiums, military intelligence agencies under the Army and Navy departments, and agencies under the General Intelligence Agency's three offices have reported to the country.

Soon, domestic instructions were conveyed from various channels: preparing to receive funds, formulate plans, and wait for orders to make acquisitions.

The American branches of domestic banks, banks under the Jewish consortiums of Annan, some veteran banks in the United Kingdom and the United States, and Swiss banks began to transfer massive amounts of funds into these professional investment institutions that carry the will of the country through various channels, with various names.

The "Magic Stone" has already held a huge sum of $15 million, and the funds pledged from the stocks in hand have reached a total of $20 million.

This will be an unprecedented financial battle, defending the national credit of the Chinese Empire and for the possible huge profits in the future.

"Are eighty-eight and another basis point..." The Chinese youth wearing eyes quickly calculated, "The rate of return is 5.42..."

In this era, there was no bond rating system for later generations. A stable, healthy, and complete sovereign state bonds are usually considered risk-free bonds, with yields generally compared with bank deposits. In that precious metal standard world where inflation is in a very low state for a long time, bank deposit interest rates and economic growth rates of most countries are simply incomparable to the rapid expansion of the credit currency era in later generations.

At present, in New York, the annual yield of domestic railway bonds is about three points, foreign railway bonds have a good quality of about four points, while Russian government bonds have reached five points, and *** is as high as seven points.

5.42%, which has already marked the decline of the Chinese Empire's national credit rating from a first-class power to a country with financial security problems.

"Stay." Cai Zhiyong took a deep breath, "waiting for orders."

He closed his eyes and pondered for a while, picked up the cigarette box from the table, took out a good Cuban cigar, cut it with a clipper, lit it with a good fragrant wood, took a beautiful mouthful, and spit it out long.

"Do you feel a little?" Zhou Tongxu, the president next to him, smiled.

"Somewhat." Cai Zhiyong nodded, "I remembered what he meant before the Sino-Japanese War of 1894-1895."

Zhou Tongxu laughed: "You kid, you are still the thorny soldier who is afraid that the world will not be in chaos."

"It's good to fight if there is a war." Cai Zhiyong shrugged Americanly, "I discovered something recently."

"What?"

"Making money is actually quite boring."

Zhou Tongxu patted his shoulder: "I think this battle is probably no worse than bullets on the battlefield."

He stared at Cai Zhiyong: "You must understand that you have... about 30 million Chinese Yuan. This money is equivalent to the total income of more than 100,000 years as a young lieutenant. In other words, it is the annual military expenditure of the six A-type divisions of our National Defense Forces. If it is not done well..."

Cai Zhiyong was silent for a moment, then shrugged again: "How?"

Zhou Tongxu stared at him for a while and smiled: "Okay, just do it. If something goes wrong, I will be there!"

"Eighty-seven, one thousand!"

Hundred thousand dollars!

Cai Zhiyong's face froze, and Zhou Tongxu also frowned slightly.

"It's coming in a fierce manner... It seems that a big seller has entered the market today." Zhou Tongxu shouted to the side, "Contact Panshi and see who is selling it. Grandma, fight with me... Sooner or later, you will cry!"

"Eighty-five...10,000 pieces! They were directly smashed to the plate!"

One million dollars!

At this time, even Cai Zhiyong swallowed.

"No, the situation is not right..." Cai Zhiyong murmured to himself, "No wonder, no wonder... I said there were always those who took over the decline in the previous period, and they were not ours. It seems that someone was absorbing chips, absorbing enough chips to smash the market, and then taking them back at an extremely low price? But in this case...how much goods do they have in their hands..."

"Eighty-four...10,000!"

Cai Zhiyong suddenly stood up, pressed the cigar hard, turned his head to Zhou Tongxu and said, "Hurry! Lao Zhou, I see that the situation is wrong, I will contact those banks immediately, urgently mobilize positions, and open credit limits! I think they are not good at coming, so maybe they have done a short sale! If they borrowed the goods from those major insurance companies, we might not be able to handle the money we have on hand!"

Zhou Tongxu also changed his face at this time: "I want to go with me, mom..."

“Eighty-three and thirty-one…five hundred pictures…”

“Eighty-four, four hundred.”

“Eighty-four and two, eight hundred.”

Cai Zhiyong watched the Jewish trader rushing to hang up the phone to check the information, and spoke in a slight tone: "It seems that someone has entered the market. It is not ours. He should have won the bet in China and wants to get some bargains."

“Eighty-three and sixteen, five thousand!”

Cai Zhiyong's head buzzed.

"Eighty-three, ten thousand!"

"What happened! Procter & Gamble suddenly sold a big deal and its stock price plummeted!"

The trader in front of another automatic telephone quotation machine yelled: "41.2, down 25% from yesterday's closing! Just a few minutes!"

Cai Zhiyong staggered.

This stock is a big blue-chip daily chemical stock that Zheng Ying and Zheng Yu are very optimistic about. Nothing else, this company is not only Buffett's love stock in the future, but also the leader of the global daily chemical industry. It monopolizes the Chinese market and even Unilever is willing to take the lead.

But Cai Zhiyong is already sweating profusely at this moment.

I've got it! This is definitely a trap planned by others, and it's directly targeting people like me!

P&G has always been a blue-chip white horse with steady and stable cash flow, so many investment companies under the Royal Industrial Fund that are packaged with various outerwear are all raising a lot. This time, in order to raise funds and prepare for war, the domestic government has secretly mobilized a lot of foreign exchange that can be pumped through various channels, and borrowed a lot of funds from the Chinese consortium, royal industry and banks in the United States. Cai Zhiyong is not sure about the total, but he estimates that it is about 80 million US dollars. Logically, these funds protect two treasury bonds: the first phase of China-North American War Bonds and the second phase of 500 million US dollars, which should be similar. But in case, the companies pledged the stocks they had invested for a long time and raised about 40 million US dollars. With this 20 million US dollars in hand, it is logical that the sky is not afraid of falling.

But others not only fought on the front battlefield of bonds, but also used killer moves on the mortgaged stocks!

"Morgan Bank broker hung up the phone!" A Jewish trader yelled. "Wall Street Journal reporter John Thompson has written a report. Cincinnati residents have filed a lawsuit in court. Procter & Gamble's soap and shampoo production process is problematic. There is too much mercury and excessive arsenic in it, which may cause death! Now all Wall Street is selling Procter & Gamble!"

"It fell again! 38! God, there is no more takeover!"

"Draexel's company has hung up the phone and asked for additional margin or pledge, otherwise we will close the position of P&G," another trader shouted, "Charlie, do you want to sell?"

"Sell **bi!" Cai Zhiyong was anxious and the country cursed, and these excited traders didn't take it seriously at all. "Cash is added! You must not let him sell it! Not only will he not sell it, I also want to buy it!"

"P&G's circulating chips are almost 30% in the hands of us. As long as the major shareholder does not move, I'm afraid he will be a bird!" Cai Zhiyong slapped the table, "Buy! I don't believe it. You can destroy me by relying on a rumor! Stabilize this one first, and let the American buyers overwhelm the government bonds over there first!"

"AT&T stock price plummeted!"

"The broker called... Italy's Mazini company is preparing to sue At&T for infringement, and the evidence is conclusive..."

"Plumped down! Nestlé! It's currently down 15%!"

"Nestlé was accused of having too high lead and mixed with flour. Nestlé products found in warehouses in a distributor in New Jersey were indeed tested for problems..."

Cai Zhiyong was dizzy for a moment.

"*** Damn, how could it be that all of them are together? And they are all our tickets! Someone must be making a fool!" Zhou Tongxu next to him couldn't help but feel angry, "Dayong, what do you think?"

Cai Zhiyong's face changed and he stomped his feet at the end: "Boss, the problem now is no longer the treasury bonds, but stocks! I see that the situation is wrong, the pledge must be cancelled, and we can't fight it together on so many fronts! Even if we lose some interest, we can't care about it! If this continues, not only will the pledged funds not be able to use the treasury bonds, but we have to pump water to support the stocks!"

"Dayong, do you think we should overdraw a little? Anyway, it's the t+3 settlement."

"Boss, I think the situation is a little wrong today." Cai Zhiyong pondered for a moment and shook his head, "If we take all the funds to hold government debts, once other people's shorts are bigger than we imagined, our funds will be exhausted, and we will have to let them play for the remaining few days! Once the delivery date is up, we can't afford to pay the overdraft part, and you and I will have to go to jail! Please contact Nighthawk quickly and see what's going on."

"It's really not right." Zhou Tongxu stomped his feet, "I'll contact Nighthawk immediately..."

Within a few minutes, Zhou Tongxu poked his head out of his soundproofing office: "Contact the broker immediately, cancel the pledge, and repay the pledge in full! This time, we will compete with them for treasury bonds with real money! These rumors about stocks will be processed back!"

--------

Fifth Avenue, New York.

The thirty-four-story skyscraper is towering into the clouds (by the standards of this era), and the torch logo of New Jersey Standard Oil Company is hung in front of the door. This is the original site of the famous Rockefeller Center in another time and space. In this time and space, several major oil companies under the Chinese Empire are in an oligarchical confrontation with Rockefeller Standard Oil, in order to demonstrate their strength and wealth, the two sides are silently competing in all aspects.

After the Royal Chinese Oil Company launched its plan to build a 30-story "super" tall building in Shanghai in 1902, the New Jersey Standard Oil Company generally announced its plan to build the "Rockefeller Center" on Fifth Avenue in New York. The first five buildings centered on the 34-story "Standard Building" were built in 1904.

Perhaps it was shocked by the American plan, perhaps it was annoyed that it did not get the world's number one reputation, or perhaps it was because of the lack of funds caused by the war, and China's building plan was announced to be "revised", which took several years to be revised.

Anyway, the Rockefeller family won a game.

John D. Rockefeller Jr., the second generation of the Rockefeller family, is sitting in the office on the top floor, smiling at the gentlemen opposite.

"Everyone is a gentleman from New England and a true elite of the United States. I don't need to hide anything." John D. Rockefeller, Jr., sucked a cigar and spit out gently, with a leisurely expression. "Your stock fluctuations will not exceed three days."

He looked at these people with relief and smiled: "This time I invite you to come with business cooperation, and it is also to explain it in person. There will be arrangements for compensation later. Please rest assured that we have always been generous to our family friends. For us, this is just a small episode."

He smiled and stood up, cut a cigar for everyone himself and tinted it with fragrant wood. The recipients stood up one after another, a little embarrassed: "Mr. Rockefeller..."
To be continued...