Chapter 176 The Silver Act
Back in the Demon City, Qin Di took 10 million US dollars to his third uncle Qin Hanxu. This money can be transferred from the bank because it has been washed.
By the time these things were completed, it was already March 1934.
At this time, Mr. Qing called for the launch of the "New Life Movement", hoping to change the people, improve their habits and qualities, and achieve the goals of "save the country" and "rejuvenation of the nation".
Mrs. Qing spared no effort to hold meetings, write articles, promote, speak, supervise and accept interviews from domestic and foreign media. She also asked someone to create new life songs and wanted to ask Yan Xue to make a record.
Qin Di looked at those songs: "Good Nationals", "Sales Food and Drink", "Using Chinese Products", "Helping the Elderly and the Weak", "Bold to Recognize the Evil", "Understanding Right and Not Justice", "First Will", "Clothes Should Be Simple", "Always Exercise in the Body", "Song of New Life Instructions"...
The title and thoughts are good, but the lyrics and composition skills are too poor!
Qin Di didn't like these songs, so he naturally wouldn't let Yan Xue sing them, and for no reason he lowered the taste of "Singing Fairy". He pushed these songs to Bai Hong, Zhou Xuan, Gong Qiuxia and others.
In addition, Mrs. Qing also wanted to set up several exemplary figures and sent someone to find Zhu Wan and Qin Ling, but they all politely declined.
So, how do you evaluate this new life movement that has lasted for more than ten years?
Huang Huilan, the wife of diplomat Gu Weijun, said in her memoirs that Chinese people stationed abroad often had affairs, which led to divorce, so before the Anti-Japanese War, the diplomatic community jokingly called the new life movement the "new wife movement".
General Feng Yuxiang criticized: "In the past ten years, meetings have been held every year on the New Life Anniversary, and I have been talking to me many times. In fact, New Life is a lie, such as playing cards in a new life, but only when you hear Mr. Shuoqing come, you will take the mahjong plaque into the drawer, showing a very obedient look; when Mr. Shuoqing leaves, you will immediately start playing mahjong.
For example, if you are not allowed to eat or drink in a new life, but high-ranking officials often have bird's nest mats and shark fin mats. Not only are high-ranking officials so luxurious, but also women and slaves of high-ranking officials. If these things that violate the so-called new life happen to small officials far away from Mr. Qing, he can pretend not to know. And all these things happen to large officials who are very close to him, can he pretend not to know?"
Mrs. Qing regards the promotion of the "New Life Movement" as a political cause, trying to "renovate" the Chinese people's living habits and spirits, and not let Westerners "look down on us". However, the background of this movement is the deep-rooted living habits and the poor general public for thousands of years. Coupled with the civil war and Japanese invasion of China, it eventually became a yellow flower tomorrow.
On March 1, 1934, under the hostage of the Japanese, Puyi gritted his teeth and proclaimed himself emperor, renamed the "Grand Manchurian Empire" and the reign title was "Kant".
At this time, the money in the "Manchurian Central Bank" was burned by the damn thief! But the Japanese have a way to solve it!
As long as you have a gun in your hand, you can print banknotes out of thin air! Anyway, there are tens of millions of people in Manchuria, all of whom are enslaved. As long as they work every day, they can continuously create wealth, and wealth can be deprived of banknotes. In this way, the Japanese can send soybeans and minerals from the Northeast continuously back in a steady stream.
In fact, real wealth is resources, and paper money is just a symbol.
For Qin Di, the whole world is printing banknotes, and it would not make much sense to rob the bank in the future.
However, gold and silver did not die!
In February 1934, the price of silver was very low, and one ounce could only be exchanged for 30 cents. The price of gold was fixed by President Roosevelt at 35 US dollars per ounce from January 30, 1934! For a long time since then, the US dollar and gold have been pegged to gold, so it is called "US dollar".
Qin Di looked at the storage belt with more than 300 tons of gold and the remaining 20 million 200 silver (most of which came from Tang Yulin, the rest were taken from the Grand Marshal's Mansion and the Manchurian Railway Headquarters), and thought about how to deal with the gold and silver.
Suddenly, he remembered something!
In June of this year, the United States passed the Silver Acquisition Act, which stipulates that the U.S. government acquires silver at high prices around the world until silver accounts for one-quarter of the country's currency reserves, or the price of silver reaches $1.29 per ounce!
This is a very important economic event, which has a profound impact on both China and the United States. Japan abolished the silver standard two years ahead of schedule, thus gaining benefits! China lost the worst, with hundreds of millions of silver flowing out, deflation, exports plummeting, industry and agriculture suffered heavy losses, and many enterprises went bankrupt. In the end, the government had no choice but to abolish the silver dollar and adopted fiat currency in November 1935! That is, the legal banknote!
Thinking of this, Qin Di's expression was serious and he thought further, what should he do?
"Can I go against the trend and block the outflow of silver with my own strength? This is almost impossible! If a large amount of silver is smashed into my hands and cannot be eaten or drunk, what's the use of it? In the final analysis, it's still necessary to replace it with food and supplies!"
"Since I can't stop the outflow of silver, why don't I follow the flow?"
He thought for a long time and finally sent a series of telegrams to inform the private managers of Citibank and Mogen Bank to help him buy 5 million US dollars of silver futures at the New York Exchange at a magnification of 1:3; he also notified the bank and HSBC to help him buy 3 million US dollars of silver futures at the London Exchange at a 1:3 leverage.
The total investment is US$16 million, which is equivalent to US$48 million after being amplified through leverage.
He didn't dare to buy too much at once, because silver is different from stock index futures, and its trading volume is relatively small. If he buys too much at once, it will inevitably alarm the US government and create unpredictable variables.
This kind of futures trading does not require the delivery of physical silver, so you can buy, sell and s
In addition to buying silver futures, he also went to Bank of China in person and exchanged $6 million for 20 million oceans.
In addition, he notified real estate managers You Long and Zhang Bin to sell all the properties north of Suzhou River within three months!
Both managers were surprised and couldn't help but persuade: "Mr. Qin! Three months is too urgent! It's time to launch too many properties at once, which will inevitably suppress the price!"
Qin Di asked: "How many real estate do we have north of Suzhou River?"
Youlong replied: "There are at least 250 buildings."
"What about the south of the Suzhou River?"
“There are more than four hundred places.”
"Fortunately, I sold all 250 buildings, even if the price is 20% lower, it is acceptable. In addition, 100 houses on the south bank of Suzhou River have also been sold!"
"Mr. Qin, don't you want to do a house business?"
"Why don't you do it? I'm just selling it for the time being and can buy it back in the future."
"A lot of handling fees are required to be paid for real estate transactions."
"It's okay, you guys do it as soon as possible!"
Chapter completed!