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Chapter 1021 Debt Default

Xiang Wang Su Zhenxing has been very nervous during this period.

He was initially worried about Cao Guo's attack. They had a feud with Cao Guo.

Cao State is likely to give priority to Xiang State when the situation is chaotic.

But as the strategic goals of Cao State become clear, it will compete with Wei State for regional hegemony.

King Su Zhenxing of Xiang knew that Cao would not attack Xiang.

Only then did he remember the famous saying of the great dynasty of Cao State: Make friends far away and attack close by.

Cao State seems to be very close to Xiang State, but the land border between the two countries is completely blocked by the empire's Bull Run Road.

The empire has made it clear that it will not prevent wars between vassal states.

But the empire will never let a certain vassal country use its own territory to invade other vassal countries.

As the threat from the south was lifted, Prince Xiang Su Zhenxing immediately noticed the threat from the north.

All the buffer states between Xiang State and Zhao State were captured by Zhao State.

The entire northern border of Xiang State borders Zhao State.

Zhao Guo has already captured so many city-states, and his expansion ambitions are obvious.

It should be said that Zhao State did not capture Xiang State and achieve his hegemony of unifying North America.

Prince Xiang Su Zhenxing simply couldn’t believe it.

When his father was seriously ill, he changed his name to Zhenxing, which meant that he could revitalize Xiangguo.

Let him keep this family property and not be embarrassed to meet his ancestors.

When Prince Xiang Su Zhenxing faced the mess left by his father, he began to face many difficulties.

Until he used an iron fist to deal with the nobles in the country who disobeyed the king's orders.

Prince Xiang Su Zhenxing initially took control of the country, and he has been thinking of ways to protect himself in the complex environment of America.

He bought Song's warships in anticipation of major changes in the environment in America.

He bought a warship from the Song Dynasty. Although it was a bit more expensive, the Song Dynasty included training.

They provide sufficient officers to enable the navy to form combat effectiveness as quickly as possible.

Now the threat from Cao State has weakened, and the threat from Zhao State has strengthened.

The role of the navy is not great, and the revitalization of King Xiang Su can only improve the capabilities of the army.

When he was confused, he discovered the reason for Yan Guo's warranty.

Xiang State does not need to be nearly as powerful as Zhao State.

They just need to prove that they can cause Zhao Guo to suffer heavy losses.

If Zhao Guo weighs the pros and cons, he will not choose to invade Xiang Guo.

After all, Zhao State suffered too much, and other vassal states were developing.

The few benefits he can gain now will be spit out later.

King Xiang Su Zhenxing saw the war between Cao and Wei.

He finally realized that the current war was completely different from the previous wars.

Even if the Xiang army is slightly weaker, as long as it has sufficient artillery and ammunition, it will definitely cause huge damage to the enemy troops that invade the Xiang country.

King Xiang Su Zhenxing realized this, and he immediately placed a big order with the empire's arms dealers.

Xiangguo is a relatively wealthy country in America and has several large silver mines with considerable reserves in the country.

His father was injured by a stray bullet during the war because he was competing with the Spaniards for the ownership of the silver mines.

Silver is the mainstream currency in the world, and the country of Xiang, which has silver mines in the country, is very financially wealthy.

Prince Su Zhenxing of Xiang directly mortgaged two silver mines, and he borrowed a considerable loan from the Imperial Bank.

Over the past few months, the purchased weapons and ammunition have gradually arrived in Xiangguo.

Only then did Prince Xiang Su Zhenxing gain some confidence.

He waited until the war between Cao and Wei ended and kept observing Zhao's actions.

As long as Zhao Jun enters the border, he will immediately be bombarded.

Prince Xiang Su Zhenxing wanted to frighten the Zhao army as soon as possible.

This can ensure the safety of Xiangguo.



Prince Su Zhenxing of Xiang is worried about the invasion of Zhao.

However, King Zhao Su Xiong has decided not to fight another war.

Zhao State was simply not prepared to fight a protracted war with an industrial country of similar size.

Zhao Guo learned about Wei Guo's expenses for this war, which directly shocked Zhao Guo's ministers.

The cost of this war is too huge. If Zhao chooses to fight a war of the same scale, it will consume the foundation accumulated by Zhao since its founding.

King Zhao Su Xiong heard bursts of noise outside the palace.

Someone was shouting through a loudspeaker, "Pay back your debts."

The loud voice could be heard clearly by King Zhao Su Xiong who was working in the palace.

He frowned slightly, Zhao Guoren would never do such a thing.

The people who can do such a thing must be those shameless businessmen of the empire.

He waited for a moment, and Prime Minister Cheng Deyou walked into the Wei Palace.

As soon as he saw King Zhao Su Xiong, he complained: "Your Majesty, I really don't have a good way to deal with the businessmen outside the palace.

They are all businessmen with noble titles in the empire and are not suitable to be dealt with through coercive measures."

King Zhao Su Xiong snorted coldly and said: "The money borrowed by the Han, Qin, and Zhou, the merchants of these empires, how dare we ask Zhao to pay back the money.

They went to the kings of Han, Qin and Zhou to pay back the money.

Even a small country with a big butt is still king.

These people also have many means to borrow so much money.

Think about how much we paid to develop the land in America back then.

Even today, more than 60% of Zhao's land is in an undeveloped state.

These newly occupied places are all familiar land.

There are a lot of farmland and factories in many places.

As long as these places can be managed well, Zhao's national strength will definitely increase."

Prime Minister Cheng Deyou said with a wry smile: "This is not the group of businessmen who buy bonds.

The country that issued the bonds disappears, and the bonds become worthless.

Businessmen can only pay for their own vision.

The empire now relies on those merchants who are not leaving our country. They insisted on loans from the King of Han and his group, using mines, farmland, and factories as collateral.

Now their creditors are either in prison or dead and can no longer repay their loans.

They now have to collect collateral to offset their borrowings.

These people cannot be persuaded by using the excuse that debts will be wiped out by death.

Besides, these businesses are not retail investors, they are bulk traders in the bond market. They have neither time nor money to buy tickets to Zhao.

But this group of businessmen are all big businessmen with a certain status.

I have negotiated with these people many times. They value interests more and are by no means those who compromise easily."

This chapter is not over yet, please click on the next page to continue reading! King Zhao Su Xiong snorted again.

"Don't reason with them, talk to them with fists.

I must have figured out the nature of these businessmen many years ago.

When these businessmen encounter this incident, they will definitely not invest in Zhao again.

For Zhao Guo, this group of businessmen were people of little benefit.

Deport all these nasty people from the country.

Those who dare to resist will be put in jail and let them reflect for a few days."

Prime Minister Cheng Deyou didn't know what happened, which caused a huge change in the attitude of King Zhao Su Xiong.

Zhao Wang Su Xiong, before today, he had allowed himself to make false concessions with these imperial merchants.

Now he expressed Zhao Guo's attitude directly.

No matter how much trouble the merchants of these empires make, Zhao will not recognize the debt relationship.

Prime Minister Cheng Deyou bowed slightly and said: "Your Majesty, I will make arrangements right now, and I will definitely handle this matter properly."

King Zhao Su Xiong looked at the contents of the telegram.

The State of Wei was ready to abandon the issued bonds and not continue to redeem the principal and interest.

This move of Wei State will definitely cause great disturbance.

Those merchants in the empire will definitely be bitten by a snake once and be afraid of the rope for ten years.

Until this generation of businessmen withdraws from the market, they will certainly not dare to continue buying bonds from vassal countries.

The bonds of the vassal country will inevitably become garbage worse than waste paper.

Zhao Guo lost his ability to issue bonds in the empire, so he no longer had to cater to the businessmen of these empires.

The merchants who had stayed in the Golden City and expected compensation from Zhao Guo faced their darkest day.

Zhao State's patrols directly took action and deported these people. Zhao State's customs should not blacklist these people.

From then on, they were unable to travel to Zhao State through official channels.

If these businessmen resist even a little, they will be immediately taken away by the police and put into a gloomy prison.

When the merchants saw that Zhao Guozhen had taken action, they immediately turned pale with fright and did not dare to continue to resist.



A gorgeously decorated passenger ship at the Golden City Port.

This is the Imperial Businessman Delegation, the passenger ship Wealth on which I am traveling.

Zhao Kesen, vice-president of the Indian Chamber of Commerce, was pinched and dragged by a patrolman, and his arms were bruised.

He said angrily: "These Zhao people are too vulgar and barbaric.

I invested in a large copper mine. After Zhao Guoqiang left, he was not willing to pay any compensation.

From now on when I am doing business with the State of Zhao, my surname will no longer be Zhao, but my surname will be Dog."

Wang Kejia, vice president of the Nanyang Chamber of Commerce, said angrily: "Zhao has no sincerity at all in its treatment of businessmen.

We must publicize Zhao Guo’s hidden behavior.

The merchants of the empire must be made aware of Zhao's barbaric behavior.

It is too difficult to do business with these barbarians who have not been successfully Chineseized.

I originally thought that the black and lazy natives of Southeast Asia were the most uncivilized people, but now it seems completely wrong."

There was a lot of scolding in the passenger ship, and they were all scolding Zhao Guo.

Together, they lost more than eight million taels of silver coins.

Even if Zhao Guo does not pay full compensation, as long as they admit part of the debt, they can accept this situation.

The current situation is that Zhao State does not want to bear a penny of its debt.

President Zhao Kesen raised his fist excitedly.

"Zhao Guo doesn't regard us as human beings at all, and has no respect for us at all.

We must let Zhao Guo see the power of our merchants."

President Zhao Kesen was speaking excitedly.

Lu Ling, president of the Fujian Chamber of Commerce, came to the hall with a telegram.

"Everyone, come and see, something big has happened."

Businessmen began to circulate the telegram.

All the businessmen who saw the contents of the telegram were silent. This situation was so shocking.

The content of the telegram was very simple. Cao State and Wei State announced one after another that they would no longer repay the principal and interest of war bonds.

President Zhao Kesen wailed, and he immediately collapsed to the ground.

"My 130,000 taels of silver coins have been completely wasted.

These barbarians, how dare they do this."

Zhao Kesen had no idea that Cao and Wei, two countries that had just ended their war, would choose to do this.

President Wang Kejia's face turned red with anger, and he yelled: "Cao and Wei, the experts and scholars in these two countries, are they all stupid pigs?

How can such a policy be introduced? There are no people in these two countries who have a long-term vision.

Now that they have chosen to default on their debt, who can trust the bonds issued by these two countries in the future?"

Lu Ling shook his head and said: "There was a war between Cao and Wei, which completely drained the finances of both countries.

The currency denominated in the bonds they issued was the silver coins of the empire, not banknotes that the two countries could print themselves.

The finances are dry, and the interest on the bonds cannot be paid. These two countries are not defaulting on their debts, and they have no other options.

This major news will definitely impact the empire's stock and bond markets.

I will immediately notify my domestic assistants to adjust my stock and bond market positions in a timely manner."

What President Lu Ling said immediately woke up many businessmen.

They have already lost so much money here in Zhao State.

We must not allow the domestic stock and bond markets to suffer huge losses.

These businessmen lined up in front of the three telegraph machines on the ship, waiting to send telegrams.



In the Financial Street of the Imperial Capital City, as soon as it got dark, many people with hurried looks gathered here.

Two acquaintances, after they met, they still played riddles to each other.

"Lao Zhang, the Three Kingdoms is so exciting. I stayed up late to watch it last night."

"Old Li, something big happened to Cao Wei, and I stayed up late too."

When they heard that the other party could understand the code, they felt that there was another competitor.

Someone told a story in the newspaper about encountering a black bear in the wild.

You don't need to run faster than a black bear, you just need to run faster than your companions.

Trading in stock and bond markets, urban zero-sum game.

Some people make money, and some people lose money.

If stocks and bonds are to be converted into real profits, someone must take over the assets being sold.

If there are many people selling and few accepting, the price will be trampled, and even if the price is reduced to half, it will not be sold.

They found that people who couldn't match the code looked at them with a hint of something in their eyes.

They looked at these people with a trace of pity in their eyes.

These people are fat and strong leeks. Let them harvest them, harvest after harvest.

The bell rang on time, and the financial market on Financial Street opened on time.

Some businessmen who got the news in advance were able to sell part of their stocks and bonds, so that they would not suffer a total loss.

Uninformed businessmen saw stock prices and bond prices halve after the market opened.

The stocks and bonds related to the American vassal states were cut in half and then cut in half again. Their decline was almost endless.

The news spread quickly among the crowd.

Cao Guo and Wei Guo declared default on their bonds, and the two countries no longer repay the principal and interest of the relevant bonds.

This news directly caused huge panic.

Businessmen just want to sell their stocks and bonds and get their money back as quickly as possible.

Their idea is wonderful, but when the market reaches a consensus, no one will take over.

The stocks and bonds in the hands of most people have fallen below their cost prices, and the prices of some stocks and bonds have fallen directly to the bottom.

Depressed people were walking along Financial Street, and wailing sounds were heard constantly on the street.

The decisions made by Cao Wei and Wei not only impacted the stock market and bonds.

News of the default of Cao Wei and the collapse of the stock and bond markets spread to the outside world at an extremely fast speed.

When many people heard this news, they laughed at the speculators who entered the stock and bond markets.

People can't imagine what kind of impact these two events will have on the rapidly developing imperial industry.


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