All gods, the lord who started with the bright sword

Chapter 264, Imperial Conference

"Dangerous, leave the northeast quickly."

After half a year, Zhang Jingzhong suddenly received a telegram from his daughter one day.

The six short words on the telegram are like reminders.

Zhang Jingzhong, who had been hinted many times before, although he was very reluctant to be the chief of police, he still put on makeup and left the city without hesitation.

People left at noon, and the mansion was raided at night.

Not only his family, dozens of dignitaries were surrounded by the Kwantung Army all night, and all related persons were taken away.

A whole night of tossing in Fengtian City.

The common people were terrified and afraid all night, and they were inevitably curious about it the next day.

A gossip circulated in the market: "Bank of Yamamoto has poked a big hole. Anyone who has cooperated with him is either arrested or on the way to be arrested."

Let’s talk about the common people’s views on Yamamoto Bank: it’s a good bank, and it cheats the rich and never cheats the poor.

In fact, sweeping the entire Fengtian upper echelon, involving a dozen political figures and dozens of military officers, directly leading to the dismissal of a general and returning to China for questioning, is just an appetizer.

The real big meal still happens in Japan.

At the imperial meeting, Emperor Showa was on top without saying a word.

The joint meeting of elders, main cabinet members, and military leaders sitting on both sides below is summarizing various situations and engaging in heated discussions.

The Imperial Council is the highest meeting where the emperor attends to discuss state affairs.It appeared in the Meiji period and was interrupted in the Showa period.

For today's major events concerning the country, Emperor Showa had to convene.

At the same time, it was also the first time that Emperor Showa held an imperial meeting after he ascended the throne.

"In the past two quarters, the price of rice has increased by 50.00%, the price of cloth has increased by 70.00%40.00, the price of salt, oil, meat, and industrial products have risen... my country's hyperinflation has totaled as high as [-]%[-]."

The Minister of Economy, Trade and Industry held the report in his hand, and every time a piece of data was reported, everyone's hearts jumped.

As soon as the final result came out, it seemed that everyone had been punched hard in the chest.

Inflation that breaks through double digits extremely quickly is already hyperinflation.

As high as 40.00% eight, what will this data mean?

Ten liters of first-class rice cost six yen half a year ago.

Now if you want to buy ten liters, it will cost you nine yen, and it will cost you three yen more out of thin air.

The money in the hands of ordinary people has depreciated by one-third.

The monthly salary of a new policeman was fifty yen, which could have supported him alone and was rich.

In the absence of wage inflation, the standard of living must be lowered to fill the stomach.

Therefore, the common people are forced to buy daily necessities as soon as they get the money, because if it is a few days later, they will spend more money.

People are scrambling to hoard and buy, further exacerbating the shortage of material supplies.

Seeing a chance to make a fortune, profiteers stock up on goods, further pushing up commodity prices and fueling inflation.

Panic buying, hoarding, pushing up commodity prices, panic buying, hoarding again, further pushing up commodity prices and causing hyperinflation.

This is like a spiral that complements each other, constantly developing towards a worse situation.

In the end, a rice robbery incident was brewed, and countless people who were overwhelmed by inflation rushed to rice shops, smashed and looted.

The government dispatched military and police to suppress it, and bloody clashes broke out between the two sides, resulting in the death of more than a dozen people and hundreds of people were arrested and imprisoned.

"What's the reason? We didn't fight wars, and we didn't issue currency indiscriminately. How could such hyperinflation happen for no reason?"

An elder who attended the meeting asked angrily.

There is no doubt that such hyperinflation has shaken the foundation of the country and has caused irreversible damage to the entire Japanese economy.

In the view of the elder, Konoe Fumimaro (mǒ), the No. 30 fourth prime minister of the cabinet, should bear an inescapable responsibility.

Konoe Fumimaro was born in the Konoe clan, one of the Five Photographers, a wealthy Japanese family second only to the Celestial Royal Family.

After his father's death, he assumed the title of duke.

On the 46th of last month, Konoe was ordered to form a cabinet and established the first Konoe cabinet. Konoe, who was [-] years old at the time, was called the "Youth Prime Minister".

Inflation has been going on for half a year, and Konoe has just formed a cabinet for just over a month. Obviously, he cannot be blamed for this.

Most of those present knew that.

But someone has to take the blame for things, even if he just took office, if he can't handle this mess, he should leave in disgrace.

Konoe beckoned, and the waiter delivered a document and two [-]-yen bills to each participant.

"Everyone, please see that there is a slight difference between these two Japanese yen. One of them is not produced by our banknote printing factory. Can you tell which one it is?"

To be honest, it was hard enough for them.

Those who can participate in the imperial meeting, do they still have the opportunity to spend money?
What they need, someone will naturally send it, or send the best.

The salaries given to them by the state are completely unnecessary and only exist in bank accounts.

You don't even see banknotes on weekdays, let alone tell which is real and which is fake.

However, the two banknotes are different. Compared with the other, one of them has a slightly darker color, which is a very subtle difference.

They basically don't notice unless someone reminds them.

"The ones with a slightly darker color are counterfeit banknotes. According to the investigation information, they flowed out through a Yamamoto Bank, and the amount was huge.

A conservative estimate should be no less than [-] million yen, and the specific amount has yet to be verified.

And this astronomical amount of counterfeit banknotes is the culprit of inflation. "

Konoe directly revealed the answer to the mystery, announcing to everyone that he is competent as the prime minister and has found the reason and the culprit.

The deputy prime minister was afraid that everyone would not know how much the money was, so he revealed a set of data.

Last year, the national income was 290 billion yen.

The country's military expenditure is 55 billion yen.Including more than 20 standing army daily training expenses, Asia's No. [-] navy construction and maintenance costs, and the formation of the air force.

"That is to say, in the case of counterfeit banknotes, criminals used counterfeit banknotes to ingest various resources, which are close to one-tenth of our country's military expenditure."

When military expenditures were mentioned, the Minister of the Navy immediately retorted: "That's not right. Last year's military expenditures increased by [-] million yen compared with the previous year, and hyperinflation did not necessarily occur."

The navy has always accounted for the bulk of military expenditures, and there are plans to build eight or eight fleets, and military expenditures will never be reduced.

"The military expenditure is just an example and has no other meaning." The deputy prime minister took the initiative to explain that he had no guts to offend the military.

"As for why more than 500 million yen counterfeit banknotes can cause such inflation, it has something to do with the use of counterfeit banknotes."

The Minister of Economy has the deepest understanding of this aspect, and he answered it in an easy-to-understand way.

According to the general public, banks absorb deposits with their left hand and lend money with their right hand, earning the interest rate difference in the middle.

This is true.

However, in the eyes of financial practitioners, the strongest point of a bank is leverage.

On the surface, Yamamoto Bank only used 5 million yen in counterfeit banknotes, but in fact, with ten times leverage, it was able to leverage and release [-] billion in credit.

There is a brilliant trader behind Yamamoto Bank, who has superimposed the leverage to 150 times, that is to say, the least leveraged credit of [-] billion.

Many of these apparently unrelated clubs are all owned by the bankers behind the scenes.

These clubs get large sums of money through bank credit and loans, buy and buy in the market, and then export to foreign companies at a slightly lower price.

An extra [-] million in circulation in the market will only cause slight inflation.

But this is 150 billion more. Last year's national income was 290 billion, accounting for more than 50.00%.

There are still so many goods produced, but the money in circulation has increased by one-third. Such high hyperinflation is enough to make sense.

hiss~~
All contribute to global warming.

At the imperial meeting, Emperor Showa, who usually only acts as a clay bodhisattva, couldn't help feeling his scalp tingle when he heard about it, and asked proactively, "Do you have a strategy now?"

Prime Minister Konoe bite the bullet and said: "The Police Agency has made arrangements to raid Yamamoto Bank at any time and arrest the culprit. It's just..."

"Say, don't hesitate." The emperor urged with a frown.

"The prosperity of the Yamamoto Bank has involved many military and political officials and nobles, including the Sanada family, the Mitsui family...the other four major financial groups are... the victims."

Jin Wei changed his words. Although the four major financial groups were also victims of being deceived, they also had another identity as an accomplice.

They colluded with the Yamamoto Bank, hoarded goods, and they were part of the hyperinflation.

Among them, they have all made a lot of profits, which is enough to be called a fortune for the country.

The four major consortiums are deeply bound to the country's economy, and even the emperor's previous attempts to dismember them failed.

It's pointless to keep making enemies.

At this time, Emperor Showa suddenly understood why his father, Muren, kept silent like a clay bodhisattva every time he participated in an epidemic meeting.

If you don't make a decision, you can't make mistakes, and you can't offend people.

Let the prime minister make the decision, because those whose interests are harmed by the prime minister's order will only blame the prime minister.

As the supreme emperor, he is always wise and irresponsible.

It is only necessary to appoint the next prime minister after the previous prime minister resigns, and continue to form a cabinet to work hard for the empire.

Konoe was born in a political family, and he is as good as a monkey when he gets wet.Seeing Emperor Showa's embarrassment, he volunteered and said:
"Your Majesty, everyone, if there is no objection, then I will order to destroy Yamamoto Bank, arrest all criminals, and thoroughly investigate the military and political officials and nobles involved in the case."

Konoe Fumimaro's responsibility is admirable.

Hyperinflation has already made the people unstable, and the economy has a tendency to deteriorate. It has completely reached the point where it has to be resolved.

The Deputy Prime Minister stood up and said: "This is the decision of the whole cabinet."

It is not only a job to offend some high-level officials, but if it is not done well, it will be counterattacked and cleaned.

The old foxes all knew it well, but they voted unanimously for it.

The sum of their wills is the collective decision.

Those military and political officials and nobles involved in it are abandoned sons, and they are the explanations given to the people.

　It's so hot, it's like being in a sauna.

　　This dungeon is coming to an end, what to write next?
　　
　
(End of this chapter)