News of the outbreak of the revolution in Russia, especially the release of the Soviet Union in February, immediately caused an uproar around the world.

Paris lost his voice after learning the shocking news.

Although the unstable situation in Russia is no longer new, even in France, the birthplace of the great revolution, people still subconsciously regard the revolution as the patent of France and some small countries.

France in this era may be because the memories of the Napoleonic Wars were too strong, or out of a strong fear and hatred of Germany. It is for Russia, which is extremely powerful on paper, has a vast territory, a large population, and has always had a military tradition. It seems that as long as there is such an Arctic monster standing there, the ambitious Germanic neighbors in the east cannot act rashly, while France "can choose any time to fight against the Russian road roller to crush the power of Central and Europe."

Even though the Chinese army used a gorgeous way to kosher Russia's rear Baikal front, and severely damaged the Far Eastern front, and even the navy defeated the Russian-Japanese joint fleet, the romantic Frenchman still shrugged, sipped a sip of coffee, and then complained that "the Russians were a little careless in war" and never worried that Russia would be unable to recover due to such failure.

But now, this giant, who seemed to never be overwhelmed, suddenly broke out from the inside after a series of heavy punches from the east neighbor and collapsed with a terrible disease.

"Crown nose!"

The most prominent title on the front page of the French Le Figaro has made all French readers feel cold: It's over!

At this time, the French were not worried about the fate of the Romanov royal family, but their own national security and the pockets of the Si people!

Faced with the German army with great reputation, well-equipped and well-trained, the French, despite their pride, often shouted "revenge" and so on, but they did not have strong confidence from the bottom of their hearts. Without the French-Russian Agreement and without the British staring at Germany, the French would be unable to sleep.

According to the French-Russia Austria Agreement signed in 1892, once France is attacked by Germany or Italy, or when Russia is attacked by Germany or Austro-Hungary Empire, both sides support each other with all their forces and successfully renew the contract in 1899.

This treaty has always been regarded as the greatest diplomatic victory by the French. It was also because of the Russian-French alliance that the French-Prussian War and the Annan War were finally proud.

Now, the safety valve on the east side disappeared in an instant!

In order to sign and ensure the French-Russian Agreement and to obtain economic benefits, France has invested a large amount of money in Russia. As of now, French capital alone has invested more than 10 billion francs in Russia, equivalent to 400 million British list. The 5 billion rubles issued by Russia abroad are equivalent to nearly 400 million British list government bonds, the French financial community has subscribed most of them.

In the French financial community, no matter what Russia does, there will be no problem in repaying principal and interest of these national debts. If the Russians want to borrow new ones to repay old ones, they must continue to raise funds from Paris. This blood transfusion bond will also ensure that Russia is firmly tied to the French chariots and "focus on the Germans" for them.

But this terrifying revolution shattered the French dream!

Not long after the destruction of the post-Baikal Front, in Paris, London and New York, some Jewish and Chinese investment companies began to borrow Russian government bonds from French investors at a monthly rate of one cent (one percent) for a year.

In the eyes of the French, this is nothing more than the fact that the Jews and Chinese who hated Russia lowered the price of Russian government bonds, raised the yield, and caused trouble for Russia to further raise war expenses. The French never thought that Russian government bonds had difficulties in repaying principal and interest. Faced with such a high return, they lent out the Russian government bonds in their hands without hesitation.

Under the pressure of the tide of selling, the five-year Russian government bonds have fallen to a level of only 80 yuan, which is equivalent to an annualized rate of return of more than 7%. Smart investors, especially French investors who have always liked usury and profitable (there are as many as 5 million people in France)

They started buying at the bottom.

When the relief scale gradually rises to 90, the shorts begin to leniently relax again.

At this moment, news of Ukrainzk being captured came. Some chaos in Russia was gradually exposed by British and American newspapers. Shocking strikes, petitions and even violent conflicts shocked the nerves of Russian national debt holders, and the continuous efforts of the bears finally achieved results, and the Russian national debt fell to around 80 yuan again.

At this position, the bulls and bears started a fierce competition. The annualized return of seven points is already an absolute high return for this era of gold standard currency. Western, especially French investors were shocked by this number, and various funds bought large amounts of money, preparing to "hold until the day of redemption."

Many French insurance companies also participated in this high-yield feast. After buying enough Russian government bonds, many funds re-entered and lent to the "dreamy" Jews and Chinese people with a monthly interest rate of one cent. In their opinion, these people were "purely dazed by the Chinese government bonds and Japanese government bonds, thinking that they could speculate on Russian government bonds according to that model" and the result must be "losing the bottom".

The reason is very simple. As long as you hold it until the five-year period expires, Russia will always issue new debts to repay old debts. So what if you can do it? Calculate it, one cent monthly interest rate plus seven points of return, which is about 20% of the return in a year!

The French just woke up when they were sleeping.

When the electricity came in February, news of the Russian Revolution began to spread in European newspapers, the bond markets in Paris, London and New York suddenly experienced an magnitude eight earthquake!

Within three days, the five-year Russian government bonds had been smashed below seventy by a tide of throwing.

Although the situation in Russia deteriorated sharply, the French had not lost confidence. They still believed that, like Russia's previous unsuccessful incidents, they would soon be suppressed by the command of the "gray uniformed feathers." [Suppression].

Soon, their fantasies gradually became bubbles.

Revolutions were launched in various parts of Russia, establishing Soviet regimes, and the security forces turned against each other on a large scale. Bolan launched an uprising and quickly declared independence, Finnish independence, Crimean uprising, Transcaucasian Revolutionary House... The huge Russia actually showed a trend of disintegration in just half a month!

The efforts of the Tsar, from the Edict of Brigan to the Bill of Rights, were all highly expected by the French, but the final result made the French feel cold. Seeing that the Soviets were quickly gaining control of the country, the Tsar, who had been cursed by the whole of France, was actually stopped in Chelyabinsk!

Major cities such as St. Petersburg, Moscow, and Taritzin all fell into the hands of the revolutionaries, and what made the French even more desperate was that the new government actually proposed a legal urge to deny the Tsarist government debt in a public declaration. This power made the holders of Russian government bonds feel like they were bolt from the blue, and many speculators who were attracted by the recent high yields to buy all positions were even more unconscious on the spot.

Soon, the Paris newspaper industry was already full of murderous clamor: "Send a fleet and an expeditionary force to help His Majesty the Tsar regain the capital!"

"Eliminate the mob and eliminate the evil elements!"

"Long live France! Driving the troops into the Red Square and teaching Russian mobs with bayonets what international rules are!"

The French government was also in a mess at this time.

Mori Tangcheng'e, who was then the French general, was a moderate republican. He was a businessman and was always regarded as the best financial expert in the French government. Like his mentor Gan Bida, Ruvier's creed was to "turn the president into a rubber stamp." But now, he is facing such a chaotic situation, especially the strategy of using financial ties to connect France and Russia to improve France's geopolitical structure and national security that he has been promoting has become the current situation, making the general manager want to announce to the whole of France, "I am also a rubber stamp."

The French cabinet went crazy and asked the mission to "do not pay attention to the so-called dangers" and "please clear out the attitudes of those mobs as soon as possible for France, and make sure to let them understand that if the Russian national debts held by France cannot be redeemed, France will punish them in the name of God."

On the other hand, the French government directly contacted the Tsar himself and made a direct request to "France will shed the last drop of blood for Romanov's crown" to "for your ancestors and your children, for your subjects, and for your loyal ally France, insist on fulfilling the duties of the all-Russian monarch and fighting the mob to the end" and promised that France would "send fleets and foreign corps in the shortest time to help His Majesty wipe out these rebel parties."

Soon, the French foreign corps stationed in French Algeria and French Tunisia quickly concentrated into the port, transporting ammunition heavy, and preparing for the expedition. The French government also urgently contacted the British, Italian and Turkish governments, demanding "joining concertedly to eliminate the plague in St. Petersburg" while Italy told them that "the target is Russian rebels, don't be nervous." They promised Turkey that "as long as Turkey cooperates, France will keep it to heart." According to the plan..., the French army will land in the Black Sea to help the Tsar's troops stabilize the situation in Ukraine, and then go north to attack the rebels.

At the same time when Lenin arrived in St. Petersburg, the five-year Russian government bond with a face value of one hundred francs had fallen to thirty-six francs in Paris, while in the United States, the five-year Russian government bond with a hundred dollars had only thirty dollars.

The Chinese capital that made a lot of money has already closed the short positions, and many speculators who are greedy for cheap loans to lend Russian government bonds at high interest rates have to take the initiative to find these guys who were previously regarded as "iums", and ask for "repaying back the government bonds in advance" and actively paying them the monthly interest they collected before, in order to quickly get rid of these Russian government bonds that are worthless!

Zheng Yu, who was far away in Beijing, was drinking tea while watching farces through the telegraph and phone, and the newspaper. The feeling of standing in the clouds and looking down at the earth, watching the so-called "big guys" who feel good about themselves perform, and then gently slapped them all to death, is indeed a bit blood vessel-burning.

The General Intelligence Bureau was convened, and the Royal Industry and Army Intelligence Bureau held another meeting. Zheng Yu finally issued an order: Buy Russian government bonds and go long!

Soon, the tide of Russian government bonds sold in a tide encountered strong buying. When these funds that cut and eliminated were still in pain and were grateful, the price of Russian government bonds had risen continuously. Finally, the five-year Russian government bonds encountered strong selling again at the 50 yuan position, and many holders waiting for a rebound to be out finally took action at this "favorable" price.

The seller is very satisfied, and the buyer is also very satisfied.

At this time, a fierce debate broke out again in China.

The sudden revolution in Russia caused many pro-war factions to dance.

The latest issue of "Han Feng" is full of bold words and words of "slaughtering bears thousands of miles away". Zhang Binglin personally wrote an article "On the Destruction of Russia", proposing that "our Han army uses the king's army to fight against injustice, and God will storm itself. Now Odi is in chaos. As the saying goes, God's will lies with me, and I should drive straight into the courtyard and sweep the xué" "The career of Huo Weijing in the past should be completed now." The emperor and Han flag bearer boldly proposed that "bloody baptism of Moscow and drinking the Ma Ode River" was circulated by the emperor and Han dynasty.

Among the young intellectuals of the imperial country, an optimistic mood began to spread, which was very meaningful, "Who is the hero in the world who is the rival?" The cold and desolate that was previously regarded as dangerous, the tenacity of Russia, or the interference of the great powers, are now all become clouds.

The Russians are already unable to take care of themselves. When will they wait for him to take his life while he is sick?

But on the other hand, the voice of the Lord and the Sect was unusually strong.

Liang Qichao published an article in the Xinmin Congbao, proposing that "the Russian internal chaos is a good opportunity for the empire to strive for the greatest results through peace talks." "The Russians are too busy to take care of themselves, and our army is currently in favorable. At this moment, when peace talks, the Russians will inevitably make concessions, and the empire can defeat others without fighting." Conversely, if "the forced too much" "the Russians will inevitably feel sad about the death of rabbits and foxes, and there is a possibility that brothers can read outside the wall to resist their insults."

At this time, the political territory of the empire had undergone great changes.

Originally, there were some factional disputes within the Fuxing Party, and there were various underground small circles. Due to the rectification of party affairs and the promotion of opposition parties to participate in politics and the promotion of opposition parties to make decisions, the Fuxing Party finally split.

The first thing that was separated was that the "land redemption faction" always advocated that "the state redeemed land to farmers equally, and established 80 million self-cultivated farmers with 20 acres of land per household to ensure the stability of the country's economic foundation." These people, with Xu Yigong, a senior expert on rural issues of the Boxing Party, registered and established the "Huaxia Peasant Party" and began to widely publicize the Party Constitution, especially to find comrades among young people, and to spread theism...ism... As the situation gradually improved, the "Huaxia Peasant Party" began to preach in rural areas, especially using the farmers' association to promote its "national land division", which began to set off a trend in agriculture and forestry.

Subsequently, the "Xinhua Economic Research Association" which has always advocated "free market competition and free trade" also declared independence from the Fuxing Party and registered the "Huaxia Liberal Party" headed by Liang Dunyan, the former Minister of Industry and Commerce, promoted the "liberal economic system and proposed that "the main purpose of economic control is for war. Now the empire is restless. Continuing to regulate the economy will restrict the country's economic development." Liang Dunyan submitted his resignation, repeatedly tried to retain it but approved his resignation, but he will remain temporarily and wait for the war to be implemented.

Not only the Baath Party, but other parties and groups in the ruling alliance also split. The victory of the national war led to the undercurrent of the Emperor and Han thoughts in the domestic elite class again, and Kang Youwei's Unified Party first split. Tan Sitong, who had always been inclined to the Emperor and Han Dynasty, announced his withdrawal from the Party and instead registered the "Yanhuang Party" with the Emperor and Han mouthpiece Zhang Binglin and others. Originally, Zhang Binglin wanted to register the "Yanhuang Party" directly. Chan Sitong used the reason that "the Constitution advocated national equality and opposed racial superiority."

The exhortation was finally named after the "Yanhuang Party". Although he did not dare to openly advocate racial superiority and ethnic discrimination, the new party leader Chan Sitong firmly attached the five principles of "learning Chinese studies, wearing Hanfu, writing Chinese characters, speaking Chinese, and talking about Han history". He was preparing to start from a cultural perspective to "completely lay the foundation for the sinicization of the imperial emperor and purifying it" to prevent "the empire being corrupted by other alien cultures". For other "lower nations", "Huaxia" cannot be improved and educated, and "barbarians" will be "barbarians".

After Liang Qichao stood up to support "seize the favorable opportunity to promote peace... it was Liang Dunyan. The former Minister of Industry and Commerce published an article in the liberal publication "New World", which complemented Liang Qichao, and proposed that "long-term economic controls can better meet the needs of war in the short term, but are not conducive to long-term economic vitality." "Once the westward advance encounters setbacks and the spirit is exhausted, the favorable disputes and conditions will no longer be allowed. And the government will reorganize the offensive again, and the war will last for a long time." He proposed that "the task of restoring the homeland has been basically completed. If the attack continues, where is the end point? Can a huge country like Russia really destroy the country in one battle?" The anti-war opinions finally reached its climax after the latest issue of "Xinhua Review" on the leased place was released.

In this article titled "Middle War" by the author sharply pointed out that "the greatest danger facing China is no longer the Russian-Japanese military offensive, but the full rise of the military dictatorship system.... The author, whose pen name "Wait for the threat of war", believes that "with the help of war, the government has comprehensively regulated all aspects of the country's political, economic, cultural and social life. Although they once severely criticized the military dictatorial idea of ​​the Muti organization, this "wartime control itself is exactly what Muti wants to do but fails... He believes that "the reason why the government has always insisted on the main war, even disregarded the possible danger of defeat is mainly to use war to achieve dictatorship, militarization, and regulation of the national system, and what is even more terrifying is that they have successfully done it."

This "Worry" asked in the article:..." When you see that the mainland newspapers and magazines are full of heroic deeds, but your relatives and friends may have turned into ashes and cold corpses, have you ever thought that you had other choices?" "………………………………………… Please open your eyes and see if the goods around you are strictly limited in price? Are the factories and mines around you taken over by the government and produced strictly in accordance with unified instructions? Are most of the men of appropriate age around you have been forced to serve in the military or serve as military servants?

What are your children indoctrinated in schools every day? Is the militarized training provided by the Youth League for young people only to strengthen their bodies or to reserve cannon fodder for future wars? Will the Congress permanently recess? The base camp has all the power of politics, economy, military and cultural power. What is the difference between this and dictatorship? "The author boldly predicted that "no matter whether the front is victory or defeat, the government will incite the main war trend and persist in fighting. Because only in this way can military control be justified, and an authoritarian state machine with a dictatorial emperor as the core naturally controls the country."

The author finally pessimistically commented, "This is really the poison of China's thousands of years of autocratic culture, and it is also a certain inevitable tragedy. In this traditional autocratic society, any ruler, and his ruling group, will ultimately be unable to resist the autocratic system. In the seven or eight turns, they will eventually go back to the old path... The misfortune of China is actually God's will. To break this situation, it really requires the awakening of all the people and unremitting efforts, and also requires

The ruling class remained open and restrained, and could think of the overall interests of the country and nation, rather than the interests of small groups." As soon as this article "Misa War" was released, Luoyang paper was expensive. Some liberal tendencies, or newspaper mouthpieces that advocate anti-war, and some independent writers, although they dare not speak explicitly, also brought temptation and hesitation in their words. Some liberal intellectuals who were originally dissatisfied with the strong control of social life in the government began to connect.

Even many government officials, especially those who survived the great purge, were very dissatisfied with the central government's approach of "supporting to the end" and "squeezing the living space of middle-level bureaucratic machines with local public opinion agencies and grassroots national organizations", and added fuel to the fire.

For a moment, the land of China was full of turmoil, and the pro-war factions and the pro-peace factions were clearly distinguished, and they were openly scolded in newspapers. Many middle-class, businessmen, capitalists and speculators who lost their relatives in the war, were worried about their life and death in the front line, or were dissatisfied with the government's strict control of social life, restrictions on profits of industrial and commercial enterprises and limited supply of materials, also began to clamor and suggested that "use the favorable opportunity to end the war as soon as possible" and "return the country's life to normal track."

This trend even alarmed Xu Fan, who was far away in Japan. The big man also generated electricity to test Zheng Yu's "how to view war and problems, as well as the public opinion that domestically demanded the end of the wartime system" reminded the emperor that "the matter is of great importance and must be treated with caution. Now that the victory of the war has been decided, we need to consider more of the long-term and focus on the overall situation in the future."!
Chapter completed!