Demolition workers in Qing Dynasty Read Online- Volume 3 The Road to Rise Chapter 606 Global Economic Crisis Latest Chapters- Free Web Novel,Novel online

Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading Free Web Novel,Novel online - All in oicq.net -> Historic -> Demolition workers in Qing Dynasty: Volume 3 The Road to Rise Chapter 606 Global Economic Crisis; Previous page Return to Catalog Next page; The words of Imperial Finance Minister Zhang Zhai shocked Zhang Yunmao and others. ???????China has been secretly observing the U.S. economy. The U.S. economy has always been stable until the banking crisis broke out in the U.S. in 1999. China saw an opportunity to invade the U.S. economically. With the outbreak of World War I, the U.S. currency depreciated to a certain extent, and a large amount of gold drained out, reducing the reserves of U.S. banks. The U.S. stock index continued to rise due to the impact of the war. Americans were convinced that the United States would prevail. As a result, countless Americans have invested their money in the stock market. However, the unexpected end of World War I did not benefit Americans, and the stock market was in danger of falling. For this reason, the U.S. government began to export capital to Germany on a large scale, and in order to stabilize the stock market, it expanded its military force and prepared for war, and finally stabilized the overall U.S. stock market. However, the negative impact of the large-scale arms race between the United States and China has gradually become apparent as the Cold War between China and the United States began. Because the U.S. economy is not as good as China's, and the long-term arms race with China has kept the U.S. fiscal deficit high. Especially in the post-war international economic downturn. The United States' foreign trade continues to shrink, and all countries are reducing military expenditures, while the United States continues to increase military expenditures. Ultimately, the credibility of the U.S. government was in crisis. Zhang Yunfei has never relaxed his economic offensive against the United States, which can even be traced back to 10 years ago. At this time, China's major banks, as well as Zhang Yunfei's Royal Bank, secretly held large amounts of U.S. Treasury bonds and stocks through various means. According to Zhang Yunfei's later experience, if you want to bring down a country's economy, you must first invest in the country on a large scale. When it reaches a certain level, and then suddenly withdraw your investment, it will inevitably bring down the country's finances in a short time. Tang Shaoyi asked worriedly: "Will it affect the empire's financial system?" Once you attack the US economy, you must consider the various consequences it will bring. Obviously. The Imperial Treasury has made comprehensive considerations. Zhang Zhai said with great confidence: "Your Majesty, Prime Minister, please rest assured that the Ministry of Finance has made careful plans to deal with a series of consequences. After the empire withdraws its investment in the United States, it will inevitably lead to a credit crisis in the United States, which will then extend to the collapse of the stock market. , and then there will be financial turmoil. The United States will have an economic crisis in a short period of time. As for its external impact, the United States did not have sufficient funds after the war. It only made large-scale loans to Germany. US dollars. But more of them are Dragon coins. But generally speaking, the post-war reconstruction economies of European countries will also be affected to a certain extent. "Zhang Yunfei knows that the economies of European countries are basically the same. China is pegged to it, and the currencies of various countries basically use dragon coins as their only foreign reserves. However, the relationship between Europe and the United States is complicated. They also hold US dollars to a certain extent, so they are more or less affected by the United States. However, Zhang Yunfei treats the United States and Europe equally. They are not good people and will be punished by China. Of course, what Zhang Yunfei is most concerned about is whether the empire will be affected. Zhang Sai continued: "After the empire withdraws funds from the country, it can be used directly for the expansion of northern and western Xinjiang. The excess can be used to expand the imperial equipment or continue to expand interest-free loans to citizens. Stimulate the domestic economy. Carry out large-scale infrastructure construction in underdeveloped areas. In this way, even if foreign trade shrinks, the domestic economy will still be able to make up for it, and the empire's economy will not be affected in general and maintain a high growth momentum." Zhang Yunfei nodded, Said: "Very good! Since it will not have a big impact on the empire, then what are you waiting for? Let's do it!" Zhang Sai hurriedly responded: "I obey the order!" The British pound was the world's main reserve currency in the old century and an international currency. The main currency for trade financial settlement is the pricing unit for international asset transactions, foreign investment, and securities trading. It is a hard currency that can be exchanged with gold at any time. Along with this, British companies dominated the international financial industry: banks, insurance companies, investment banks, and foreign exchange traders. No matter how you measure it, the century is the British century, and it is a certain degree of pound standard. The old century is the golden age of the gold standard. Because the pound is freely convertible with gold, the British Empire is the leader of the rules of the country's financial system. We can naturally say that the old century was an era of British imperialism. However, as the author of the history of the rise and fall of the Roman Empire lamented when facing the ruins of Rome: "The good times never last long"! The war of war completely destroyed the world hegemony of the British Empire and ended the era of British paracentrism. The most profound reason for the First World War was that the newly rising China, the United States, and Germany wanted to redefine the spheres of influence in the world, and they no longer tolerated it. Only Britain, France and Russia dominated the world. Another far-reaching event occurred in the years before the First World War: the Chinese Empire.The Central Reserve Bank is open for business in the new year. On the first day of its opening, the Central Bank of the Empire of China was actually the most powerful central bank in the world. The reason is very simple. The size of the economy of the Empire of China has surpassed that of Britain, the United States, Germany, and France. The first competitor in the electric power era was China. Therefore, China's economic scale was six times that of the United States at that time, and it was the size of Britain, France, and Germany combined. When the major financial consortiums of the Chinese Empire, headed by the two world financial centers of Beijing and Shanghai, prepare to lend massive amounts of money to Europe and other countries around the world, they prepare to use this to fully control the economy of the capital-importing country, including infrastructure, tariffs, domestic tax systems, When mineral resources and so on, the imperial prime minister Tang Shao promised: "Let your hands and feet go freely, behind you is the invincible Chinese Empire!" How can the British give up! In order to save the British standard system and to save London's status as the first international financial center, the United Kingdom can be said to have tried its best. The most representative figures were the famous Churchill, the then British Chancellor of the Exchequer and the Governor of the Bank of England. Britain is lucky because China has strengthened the Sino-British alliance in order to fight the Cold War with the United States. Britain saved the pound with help from the Chinese elite. The most important among them is the Royal Bank of China, which has great wealth and power, and provided Britain with gold standard adjustment funds using Yilong coins to help Britain restore the gold standard. Of course, the British also paid a certain price. That is to return the cultural relics that were robbed of the Royal Old Summer Palace last year. ! In the Xuan Dynasty, the British and French forces looted the Old Summer Palace and took away about 10,000 cultural relics, accounting for two-thirds of the entire Old Summer Palace. Xi Nian's second robbery of the Old Summer Palace was stopped by Zhang Yunfei. There was no life left, and the remaining parts of the palace were well preserved. Because after the Old Summer Palace was looted for the first time, Cixi rebuilt it, but because of the bad luck, it was only listed as a forbidden area and did not stay there. After Zhang Yunfei took over, he visited the Old Summer Palace twice. It was not in the dilapidated condition that later generations would see. It was just that it had been deserted and desolate for decades. The cultural relics plundered by the British and French forces in the Burning Years were not of high value in the Raging Years, especially since the Old Summer Palace was actually the place where the emperor spent his summer vacation. There are not many real treasures. Most of them are jades, calligraphy and paintings, antiques, pens, inks, paper and inkstones used in the emperor's daily life, and various daily necessities used by concubines. Westerners do not like these things. The British and French allied forces at that time The focus was on robbing some gold and silver products. For example, one or two layers of silver nickel Yuanmingyuan keep the bad luck in the mouth. Various Ruyi Yuanmingyuan deposits, jade, inkstones, pen washer and other items from the Old Summer Palace; first-class porcelain stoves, bottles, jars and other earthworm items. Most of the royal treasures were stored in the Palace Household Office and did not flow to Britain and France. The treasures that really flowed into Britain and France basically happened when the Eight-Power Allied Forces invaded China and sacked the Imperial Palace in Beijing. Therefore, when the Chinese government proposed to take back the stolen cultural relics from the Old Summer Palace, the British did not show strong protest. But when China Zhengyi asked the British government to apologize, the UK showed a rebound. I won't admit it even to death. There was no other way, and out of various considerations, the Chinese government finally demanded that the commander-in-chief of the British and French coalition forces be held accountable. After research, the British, French and British sides believed that they were still counting on China's economic assistance at this time, so they agreed to China's request. In March, China, Britain and France formed a jury. The British commander Major General Grant and the French commander Major General Montauban were put on trial for the war criminals who robbed the Chinese imperial garden Yuanmingyuan. In fact they are dead. The jury is just a formality. For two, the dead man was sentenced to 1,000 years of imprisonment and the robbed items must be returned. In fact, except for the gold and silver that were divided up by the British and French armies, the remaining oriental items were given to the then British Queen Victoria and the French King Napoleon III. The total value of the gold and silver is no more than Chouwanlong coins. China will no longer pursue this matter. The remaining items are basically stored in the Oriental Art Gallery of the British Museum and the Chinese Gallery of the Fontainebleau Palace in Paris, France. There are about 30,000 Chinese cultural relics in the Oriental Art Museum. For example, "Nv Shiwei Scroll" by the great painter Gu Kaizhi during the Eastern Jin Dynasty is a rare treasure among ancient Chinese scroll paintings and is priceless. However, Westerners refused to spend their old money to buy them, so they were dedicated to the Queen of England. There is also a white jade horse 3 feet long and 2 feet high, which is considered a fancy thing for Westerners. France has collected about 40,000 pieces, the most notable of which is a huge pagoda, 2 meters high, made of bronze and gold, with emeralds inlaid on every floor. There are a pair of ivories and a pair of bronze carved dragons placed on the left and right of the tower, which are the same shape as the bronze dragons placed in front of the emperor's throne in the Forbidden City, Summer Resort and other places, indicating that these pairs of bronze dragons should be placed in front of the emperor's throne in the Zhengda Guangming Hall of the Old Summer Palace. thing. A pair of gold pots and a gold manzha are furnishings from the Feng Temple of Tibetan Buddhism. The gold pots are covered with glittering Ruyi patterns, and the gold manzha is inlaid with pearls, turquoise and rubies, which illustrates how luxurious the furnishings in the Old Summer Palace were at that time. There is a large string of beads placed in the glass table cabinet. This string of beads has a total ofThese beads are different from ordinary court beads with broken beads. This is a string of the emperor's court beads and two strings of the queen's hanging beads that Montauban strung together to present to Queen Eugenie. Queen Eugenie did not expect it. She was not satisfied because she had already heard that all the officers who went on an expedition to China came back with a full load. She complained that Montauban only brought her such gifts, so Montauban gave her three more carts of treasures, giving her seven carts in total, including various bronzes, jades, porcelain, and lacquerware stolen from the Old Summer Palace. , gold and silver products, cloisonné.” In the end, Britain and France also spent money to purchase some Chinese cultural relics from the private sector and returned them to China. Many of them were not snatched from the Old Summer Palace. However, the political significance of this matter was greater than the actual value, so in the end the total was returned to China. There are more than 10,000 pieces of cultural relics. These things will be very valuable to future generations, but only the Chinese think so, because Westerners have no interest in them at all. The reason why future generations will not return them to China is because they want to humiliate China. That’s all. After the Old Summer Palace issue was resolved, both Britain and France received economic help from China. France accelerated post-war reconstruction, and Britain restored the gold standard. Since World War I destroyed the gold standard in Europe, it naturally destroyed the pound standard. In order to save Britain's sales, restore Britain's international status, and save London as an international financial center, the first task is to restore the exchange rate between Britain and gold, that is, to restore the gold standard. It is solemnly announced that the UK will return to the gold standard based on the pre-war exchange rate parity and the pound will return to the gold standard in order to support the return of the UK to the gold standard. The speculative impact on the British currency. At that time, the market equilibrium exchange rate of the British currency against the US dollar was about 4 British currency. According to the pre-war parity of the British currency, the return to the gold standard meant that the British currency was restored to the gold standard. The exchange rate is at least overvalued. In order to prevent the huge speculative pressure on British sales caused by the expected depreciation of British sales, the Chinese and British monetary authorities have significantly increased the interest rate differentials in the three major capital markets of London, Beijing, and Shanghai to prevent capital flight from the UK, or work hard. Promoting capital inflows to the UK to support the UK's high exchange rate, adopting such extreme capital market and currency market intervention policies is actually a direct act against the real economy and market forces, especially artificially lowering interest rates in China's capital market. Raising the interest rate in the London capital market has finally caused extremely serious consequences. However, this is a small way for China to deliberately mislead the British economy, and it is unknowingly destroying the British gold system. Is China really helping them? Since then, Britain's high exchange rate and high interest rates have greatly damaged the international competitiveness of British industries, leading to severe recession and deflation. There have been frequent strikes across the UK and complaints have spread throughout the country. A general strike swept the country. This strike was caused by the coal mine owners' forced reduction of coal miners' wages. The coal mine owners threatened to suspend the union, demanded the abolition of the minimum wage standard, extended working hours, and refused to sign a nationwide collective agreement. Contract. After the workers refused, the mine owners announced that the union would go out of business starting tomorrow. On the 4th, British workers held the first general strike in British history. In addition to coal miners, there were also transportation and railway workers. and machinists. The population soon reached 10,000, causing factories to close, transportation to a standstill, and the city to paralyze. Then, Britain finally failed to hold on to the gold standard. In February of that year, domestic deflation and unemployment pressure forced Britain to flee the gold standard. The British pound subsequently devalued significantly, triggering a wave of international currency depreciation. The world is beginning to usher in a new currency standard, the Dragon Coin Standard. However, before China’s Dragon Coin standard can dominate the world’s monetary system, it still needs to burn the U.S. dollar, because the U.S. dollar is the currency second only to the Dragon Coin and the British Dollar. It can be said that China’s attacks on the British currency and the US dollar are carried out at the same time. In the eighth year of Tianlin, when the London gold standard was about to collapse, the major banking consortiums of the empire secretly began to transfer their shares in the United States. At the same time, all funds stored in the United States were withdrawn in just three days, and the U.S. dollars were converted into gold or dragon coins through major U.S. banks and foreign banks, and they were withdrawn from the U.S. market. On February 1, the New Year, the New York stock market plummeted. From that time until 2000, New York stock prices fell by more than one-sixth, and the value of U.S. securities totaled $100 million. After the New York stock market plummeted, the U.S. economy fell into crisis. The United States withdrew a large amount of investment in Germany, and the German economy collapsed. The UK also has significant investments in Germany. The British stock market responded to the call and the British economy fell into crisis. The French economy is relatively independent, but it cannot get rid of its dependence on the international market. Moreover, the French economy itself has already suffered from overheating of investment. By 2008, France finally fell into crisis. In this way, a Great Depression sweeping the world began.? The United States is the biggest victim. From last year to last year, the U.S. gross domestic product dropped from 100 million U.S. dollars to 7 billion U.S. dollars, a drop of as much as 20%. Many industrial and commercial enterprises have flourished, industrial production has declined, import and export trade has plummeted, and corporate profits have dropped from US$1 billion to US$2 billion. At the height of the crisis, major U.S. industrial companies basically stopped operating. The operating rate of the automobile industry is only that of the iron and steel industry. Agriculture also suffered. Cereal prices fell by two-thirds, and total agricultural monetary income fell from 1,000 million U.S. dollars to 1,000 U.S. dollars. The banking system bore the brunt of the sudden and large-scale withdrawal of Chinese funds, triggering the U.S. financial crisis. The number of bankruptcies is as high as a fool's, accounting for all the bank's knives. Gold flowed out of China, deposits were run on, and by Year 3, the entire banking system was paralyzed. The unemployment rate does not include the number of sentenced workers. After a few years, the U.S. economy entered a long period of so-called "special depression". Despite measures to ease the crisis such as the New Deal, the U.S. economy is still recovering sluggishly. Xie Miyun's starry sky, handsome enough to invite disaster, generous reward.; Didn't finish reading? Add this book to your favorites I'm a member and bookmarked this chapter Copy the address of this book and recommend it to your friends for points Chapter error? Click here to report; Previous page Catalog Next page

Volume 3 The Road to Rise Chapter 606 Global Economic Crisis

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