Wall Street of the third generation chaebol
Chapter 110
< Shanghai Panic. (3) >
Shanghai Stock Exchange.
“It is said that the resolution of the Shanghai City Council has been passed. Foreign banks will start collecting silver bullion in earnest.”
“Isn’t this a piece of paper even before the silver bullying is over?”
“Some say that banks are occupied by force.”
“…it’s only a matter of time before the Shanghai stock market goes to hell.”
“You have to clean up your stocks first. I don’t have time!”
The emergency lights went up in the Shanghai stock market.
Agile bankers and businessmen began tossing securities into the Shanghai stock market without any hesitation even before the resolution was passed. They wonder how creepy currency swaps are. He knew exactly what the resolution of the Shanghai City Council meant.
With the resolution of the currency swap proposal, the Shanghai economy was temporarily sentenced to death.
Soon the wind will blow
War risk was the worst risk for the stock market. Soon, there would be a war between you and me, holding a currency swap contract and holding a gun to collect silver.
“Shanghai stock market is open!”
Shanghai The Bund.
The next day, as soon as it opened, the Shanghai Stock Exchange resembled a battlefield. Foreign businessmen started pouring out their stocks at once like bombs.
“Throw all the mine stock! Throw all the stocks in the coal mine you have now!”
“Broker, you bastard. Can’t you see the price is dropping?! Sell it quickly! Your hands are stopped!”
“Still, Shanxi Mining Province is a good stock. If you throw it now, you will have to buy it back later!”
“Shaanxi, Nabal, coal mines don’t matter! Throw it!”
stuff is pouring out
As foreigners rushed to bloody heads and started selling their stocks, the Qing Empire financiers looked at them with unfamiliar faces.
But soon after the stock price plummeted, both of you panicked and started tossing the stock like crazy.
“It’s your motherf*cker (hey you motherf*ckers!)! Why are you throwing stock and f*cking!”
“I think something happened? Did something big happen?”
“Hey, scrap the stocks and raw materials in the safes and come right away! The stock price is dropping in real time right now! You have to sell at least one!”
“Wokao! (XX!)”
Industrial stocks, including mine stocks and railroad stocks, were bent vertically and fell to the floor.
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Of course, the Shanghai Stock Exchange was aware of this fact, but kept it open for the time being.
Shanghai Stock Brokers Association.
At this time, they were the executives who operated the Shanghai Stock Exchange under the official name of the Shanghai Stock Exchange.
“If we close and hold on right now, the Shanghai stock market cannot normalize. We must keep it open for the time being in accordance with the laissez-faire principle.”
“Currency swaps aren’t the only problem now. Barbarians from the Boxers have started pouring into Shanghai in droves. What if they burn up their assets and accidentally burn them to the Shanghai Stock Exchange?”
“Three days. Let’s give the market just three days to get excited. If the stock exchange disappears, the securities will not be in circulation. Their existence itself may disappear, so we should make them liquidate even if there is a limit to crashing the stock market right now. “
Those who have been exposed to the economy during the 19th century have in common.
Everyone was laissez-faire, and they believed that the ‘invisible hand’ would normalize the market by keeping it open. However, if it was left open for more than three days, the Shanghai Stock Exchange was unsafe, whether it was a boxer or whatever, and was almost set on fire by someone.
In the end, the board of stockbrokers of the Shanghai Stock Exchange decided to open the stock market for three days.
“First, let’s open the stock exchange for three days. Even if the stock price breaks through 0 yuan and goes to negative, we will implement a policy to maintain it according to laissez-faire first.”
ground ground.
The policy of the Shanghai Stock Exchange went straight to the investors of the stock exchange, and everyone respected the judgment of the Shanghai Stock Exchange. Based on the conclusion of SMC, it was because at least three years had to be devoted to the restoration of the financial district in Shanghai.
“The stock has become a piece of paper for three days.”
“The tissue paper is a bit exaggerated, and the purchase volume is still supporting it, so it’s still holding up enough.”
“Should I throw it now?”
“No, call it now! Throw it now!”
“Is that so?”
“It’s going to be a war, what are you talking about! Did you even have a flower garden in your head because of the amount of purchases!”
bang.
The Shanghai Stock Exchange crashed as it was, and on the evening of the third day, the entrance to the exchange was closed without a promise.
“It’s going to be a collection soon.”
Bankers moved quickly.
It was good that they took over the currency swap, but there were too many competitors. It was clear to anyone that the dreadnought fleet would arrive first, and that the British banks would take care of them first.
French bankers were relieved by the news of the Indochina fleet, but banks in other countries were stunned.
“Let’s save the mercenaries.”
“A mercenary?”
“Why hasn’t there been a single mercenary company in Japan recently? Tokyo Pinkerton Detective Company.
Their eyes naturally turned to private mercenaries, and the fact that they opened a large branch office in Hong Kong entered their ears.
Tokyo Pinkerton has already sniffed money since Detroit entered Hong Kong and sent Pinkerton directors and thousands of former Japanese military officers to the tail of the Detroit director.
He believed that gold would fall on Detroit’s footsteps.
They were also among the beneficiaries of Detroit.
“Pretend you didn’t see it.”
Detroit was not particularly opposed. rather welcomed. The more opportunities there were to demonstrate the weapons of the Tokyo Ordnance Bureau, the better, and no matter who thought, the moment the prisoner’s dilemma was applied, it was clear that Petersie would have a competition.
It wasn’t just that.
“We need people to protect our church. Hundreds of Boxers are looting the church, but a missionary from a neighboring village said that he had both his eyes plucked out and his tongue cut off and nailed to the church door.”
The missionaries were terrified.
In the first place, after the Boxer incident broke out, foreign missionaries and foreign diplomats were looking for personnel to protect themselves and the demand was already high.
The Tokyo Pinkerton Hong Kong branch was booming.
“Manpower must be contracted in units of 10 people. A contract of 1 person is not possible. Instead, a discount is applied to the number of people.”
“We do not accept RMB. You must pay in dollars. You must pay in dollars. Oh, pound sterling is even better. Would you like to sign a contract?”
The contracted mercenaries advanced to Shanghai before the Dreadnought Fleet, and began to take charge of foreign banks except for the British and French countries.
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Of course, he was hired as a guard, not as a mercenary.
shudder. shudder.
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On the streets of Shanghai, grumpy-looking Japanese people started walking around with knives, and even walking around with a mouser rifle.
In a situation where war was being swept away, foreign banks’ executives stayed at the branches, squeezed financial engineering knowledge, calculated the maximum amount that could be collected through currency swaps, and rewritten and rewritten the final amount.
“We need to collect as much as possible so we can live!”
The bankers put blood in their eyes and rushed desperately to survive.
I have to kill him to live.
***
shoot-
The waters of the Bund, Shanghai.
Royal Navy.
Dreadnought Fleet.
“You are the director of the Bank of England. I am the admiral in command of this fleet.”
The Admiral of the Royal Fleet stationed in Hong Kong left the Dreadnought Bridge and went to the Director of the Bank of England where he was staying. The home country’s Treasury Department and the Bank of England’s Court of Directors had issued a special order of caution.
Shh.
The admiral took off his hood and put his hands together politely.
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Of course, Buckingham also showed a strong interest in Shanghai, and the Admiral was nervous inside and sweaty on his hands.
The key to resolving the lack of funds in the Boer War was in this silver collection.
The director in front of him was a tycoon in the same position as the special envoy of the Bank of England and the British government.
The lips of Isa, who had been silently silent, fell.
“I express my sincere gratitude to Her Majesty the Majesty of the Queen and for your hard work defending the motherland.”
The director looked at the admiral with inorganic eyes that did not feel even life.
The Admiral felt a creepy sensation as the tips of his hair rose for a moment.
‘What kind of eyes…’
“We, Bank of England, under the protection of the military, will implement the legitimate collection rights established by the international law of The Hague. If you have any questions, please feel free to ask them. We will do our best to answer them.”
The directors of the Bank of England were pragmatists.
He believed that the Royal Navy would understand the situation so that they could proceed with the collection more easily.
The admiral of the Royal Navy immediately poured out questions to see if he had many questions.
“Then I’ll be rude and ask a question, but can you tell me why the bankers are so nervous?”
The Admiral was curious from the beginning.
Why did the bankers keep each other in check with piercing eyes when they boarded the Dreadnought Fleet? They were staring at each other with a force that seemed to kill each other with a bit of exaggeration.
“Haha, you seem to come up with a difficult question from the start. To understand it properly, it would be difficult even after majoring in economics in college.”
The director smiled vaguely.
When he saw the game played by the Detroit director himself, he didn’t understand it at first. No, it is correct to say that instinct is denying it.
That’s the nature of being a laissez-faire.
“Is that so……”
“Well, to put it simply, it is a situation where silver ingots are piled up like a mountain in front of the bankers.”
“It’s such a happy family.”
The silver bars are piled up like a mountain.
But it was said that it was a livelihood. With silver ingots piled up in front of you, greed will boil and run like a hyena. But Detroit Morgan put the ranking game on it.
Happiness?
No, this is a hell called happiness.
“There is such a thing as a ranking game. In a situation where silver ingots are piled up in front of you, everyone is holding a sword.”
“A sword… you mean?”
“Yes, of course, it is a situation where we can share the silver ingots equally without killing anyone. What would you do if you were Admiral?”
With the sword in hand, the silver ingot will no longer catch your eye. I’m afraid that someone next to me will stab me and I’ll start watching.
maybe sting
“The ranking game puts one harsh condition on this. If everyone doesn’t get their own silver bars, they go bankrupt. The silver bars are so small that they can’t save everyone from bankruptcy.”
vicious
The Admiral frowned and muttered a curse inside.
“Then I’ll stab you.”
“Yeah, that’s exactly the situation right now. Governors and foreign banks are eliminated if they don’t get silver bars, which is the death of a competitive society. Bankruptcy.”
governors too.
foreign banks too.
They begin to rush in desperately to survive. In order to survive on their own, society plunges further into the gutter.
The evidence is clear.
Right now, the Shanghai Stock Exchange was experiencing a real-time economic crisis.
“…who made this plate?”
“It’s a secret. It’s such a contract. But he’s crazy.”
The Bank of England director recalled Detroit Morgan. Heir to the Morgan family, who has just become an adult.
who sank Japan.
The one who devoured the rail trust.
The incarnation of Black Wednesday.
Wall Street Heroes…etc.
He was already a genius of ignorance, known to all big names in the financial world.
“I dare say that if there had been a Nobel Prize in Economics, he would have won it this year right now.”
It was a fear for the Bank of England board member.
Laissez-faire was denied right in front of their eyes. By establishing a vicious game of rank, they tore the ‘invisible hand’ to shreds in front of laissez-faire.
In the present society where laissez-faire is blindly believed. At least for the bankers who attended this meeting, the laissez-faire illusion must have been shattered to pieces.
My hands and feet trembled.
Just be yourself right now.
The market could no longer be trusted.
It was a serious problem that could change the economic paradigm of the whole of Europe. However, everyone is preoccupied with the silver ingot in front of them, and they try to ignore the fact.
The Court of Directors was also shocked by his report.
Therefore, he evaluates the Detroit director this way.
“He’s a monster.”
It’s an economic monster.
At the hands of that monster, Shanghai’s economy will collapse once and for all.
< Shanghai Panic. (3) > end
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