under fire

Chapter 741 Finance
Su Qing sat at the table, holding a military ticket circulating in the devil-occupied area: "The important thing you want to say. Is this?"

On the opposite side, Director Xu stood at the window, holding a stack of brand-new orange-red border area notes in his hand, carefully distinguishing them against the sun: "This [-]-cent banknote is too new, and the notes starting with Y in our border area bank notes have long been eliminated. , and the signature of the bank manager Hu Zuobin is wrong, this plate printing... is too delicate!"

As for the authenticity of these banknotes, Su Qing can't tell the difference: "Head Lin confessed to sabotage the enemy's conspiracy before he left. I am not very familiar with this part, and I still need to learn from you."

"Don't worry, I didn't know anything at the beginning, just learn it slowly." Director Xu smiled: "In addition to military strikes, the devil's other means of launching a war of aggression is economic plunder. In addition to direct looting, his method is to achieve the goal of disintegrating us through financial warfare."

Su Qing has worked in Shanghai, so he is well-informed, but he is not very professional in economics: "I will write it down and understand it slowly!"

Director Xu went back to the table and sat down: "It is just a routine method for the devil to forcibly issue military bills in the occupied area, and now he has his idea on us. He used secret agents to distribute legal currency and border area bills to disrupt the finances of our base area, in an attempt to issue counterfeit banknotes. To destroy the financial system of the base area, the superior instructed us to carry out countermeasures in the enemy's theater, and we must destroy the enemy's financial conspiracy."

Su Qing nodded: "Chief Lin asked our work team and the team that entered the enemy-occupied area to fully cooperate with you. What do you want?"

Section Chief Xu smiled: "Don't worry, this matter is a bit complicated. You used to fight guerrillas in the mountains, and you usually didn't need a lot of money. You didn't have much contact with finance. In addition to fighting rape, our action team actually also He has been engaged in anti-enemy financial warfare and has accumulated a lot of experience.”

Su Qing nodded: "We don't have much experience in this area, and we need to learn more from you."

Director Xu thought for a while: "We are at a disadvantage militarily. In addition to military attacks, the little devil also vigorously destroyed the financial system of our base area and the Kuomintang-controlled area. Long before the outbreak of the all-out war of resistance, the devil had already used this method that could not be put on the table. To carry out financial destruction, from the beginning of the [-]s to the present, the fiat currency printed by the devils is likely to reach billions!"

Su Qing was stunned for a moment. Even if she didn't understand finance, she immediately understood the problem in the middle, and couldn't help but shuddered: "Print money directly? What's the difference between this and Ming Qiang?"

Director Xu gave a wry smile: "This war without gunpowder is divided into two stages. In the first stage, the devil's island country has insufficient resources. He simply cannot afford such a large-scale war of aggression, so he resorts to shady tricks and directly uses counterfeit money. To put it bluntly, it is a no-cost business, using counterfeit currency to exchange real currency from our market, and then go to a bank run by the national government to exchange for foreign exchange, and to exchange materials internationally to prepare for war.

In the second stage, after the devils launched the war, in addition to directly looting supplies, the occupied areas and the puppet Nanjing government did not have the corresponding gold as a reserve at all. "Mongolian silver coupons", etc., the devils stipulated that counterfeit currency and legal currency can be exchanged at par in the occupied area, and the devil used unscrupulous profiteers to smuggle the looted materials to the Kuomintang-controlled area, extract legal currency, and then take the stolen legal currency to the Shanghai Concession again. Exchanging foreign exchange from the four major banks opened by the National Government, and then using foreign exchange to purchase various materials internationally, is equivalent to using the looted materials to do business with the National Government, consuming the financial strength of the National Government, and at the same time burdening the devils with their war of aggression. The cost is still Chinese, this is the real 'supporting war with war'! "

Su Qing wrote while thinking: "I don't understand one thing. Why did he transport the supplies to the country? Wouldn't it be easier to just print counterfeit currency or 'foreign exchange'?"

Director Xu shook his head: "Finance is not as simple as you think. If he prints a large amount of foreign exchange, our current foreign exchange is mainly British pounds and US dollars. The national interbank settlement is just a number, which is impossible. As for the reason why the enemy does not print a large amount of French currency , if there is too much legal currency in the market, it will definitely depreciate, and the foreign exchange exchanged by the devils will also depreciate accordingly, and it is not a long-term solution. The use of counterfeit currency has long been discovered by the National Government Bank, but the National Government has nothing to do! So this In the first stage, the devils printed not many counterfeit legal currency, and they are still cracking down on counterfeit currency in the occupied areas!"

"I probably understand a little bit from what you said! However, I'm still a little confused."

"Don't worry, you'll know after I finished speaking. After the outbreak of the Pacific War, even if the devils took out foreign exchange, it would be useless for him. Because the United States and Britain stopped playing with the devils, the devils began to think of ways in the occupied areas, and then Large-scale printing of military tickets, French currency, and border area tickets began.

Military tickets can be bought by force in the occupied areas.

However, legal currency can only be used in the Kuomintang-controlled areas. Once there is too much money in the market, it will have little purchasing power. The Chongqing government has made great efforts to crack down on counterfeit currency, but with little effect. I also printed that at the beginning of the Anti-Japanese War, the government of the Republic of China only printed more than one billion legal currency in one year. After printing in the past two years, it printed tens of billions of currency every year, deliberately causing a sharp depreciation of the legal currency, and the gold and silver reserves of the Chongqing government are so small Ding Dian, the more money you print, the less you can buy anything, but it is the common people who suffer, so that now the people in the Kuomintang-controlled areas only accept silver dollars, and they don't accept anything else! "

Finance is too complicated, but fortunately Section Chief Xu explained it in an easy-to-understand manner, Su Qing was stunned for a moment: "I probably understand a little bit."

"However, don't worry. The printing of our border area currency by the devils will not have much impact on the finance of the base area, because when our base area bank started with only 3 yuan, the total amount is not large until now. People in many places still use silver dollars. , this can’t be faked, so if we sell things, we try to accept silver dollars as much as possible, and buy things, hehe, use the devil’s military ticket, if he dares to print, we dare to print too!”

Su Qing was silent for a while: "I really didn't expect there to be so many twists and turns. I always thought that the Chongqing government printed more money just to plunder the wealth of the common people."

Section Chief Xu nodded: "You can think of this, which is already very good. From the day when the banknotes were born, our country has adopted the silver standard system. After the 'abolishing the two to replace the yuan' in April 22 of the Republic of China, although the currency China has been unified, but the financial difficulties of the Kuomintang government have not been resolved. In addition to the corruption of bureaucratic capital itself, there are also big powers such as Britain and the United States who have launched a fierce competition to control our country's currency rights. fight, but we are the clams!"

It's too deep!Su Qing was a little dazed: "I really learned a lot this time, can you talk about the great powers again?"

Not long after the currency reform based on the silver standard was implemented in the Republic of China, the Great Depression of the Western economy in the early 30s and the economic crisis that swept across the Western countries caused serious unemployment in all countries. Major capitalist countries such as the United States, Britain, Canada, Japan, and Austria successively abandoned the gold standard system. Currency devaluation is implemented in an attempt to open up other countries' markets with exchange rate depreciation.

"In order to get rid of the economic crisis, Roosevelt began to implement the "New Deal" to stimulate domestic economic growth by increasing government spending, which required the government to increase currency. Under the gold standard system, the issuance of currency was limited by the government's gold reserves. They adopted the gold and silver double standard system. Don't think that they are helping us selflessly by giving us aid, but they are actually dumping goods on us."

"Listening to your words is better than reading ten years of books!"

"That's not the case. I heard that you will resist the big study after two months. When the time comes, the instructors over there will explain it more deeply. You have to study hard."

　In fact, this chapter can not be written, and it is a bit reluctant to consider showing more real history...

　　
　
(End of this chapter)