In the end, the Japanese government failed to withstand the aggressive arrogance of the People's Bank of China. In fact, they did not have the ability to fight against such a Tyrannosaurus Rex. Even if they did not give the People's Bank of China the right to issue banknotes, they still could not stop the erosion of bank bonds issued by the People's Bank of China.
JPY.
And this is not entirely a bad thing for them. Although they have been economically controlled by Yang Feng since then, their economy was originally in Yang Feng's hands. The entire country's major industries are all owned by Yang's consortium, and there are absolutely no leftovers.
Most of them are attached to Yang's consortium. When Yang Feng sneezes, the whole of Japan is frightened. After giving the People's Bank the exclusive right to issue banknotes, it is nothing more than being controlled more thoroughly.
Although this means the loss of sovereignty and Japan has since become a de facto vassal of China, at least their national economy has been stabilized. First of all, this is a good thing for the people. From now on, they can find a place for their hard-earned money.
It is a real safe. Of course, the key to the safe is not in their hands. This is something that ordinary people are not aware of. As for those who are aware of this problem, such as the capitalists, they do not care about it.
What they need is a stable financial order, and if the People's Bank of China obtains the exclusive right to issue banknotes, they can get this stable financial order. This is enough for businessmen. As for national interests, Japan is still
Is it a country?
In this way, with the end of the Japanese government's currency reform, the old, silver-standard Japanese yen banknotes were gradually eliminated from circulation, and were replaced by the new gold-standard Japanese yen banknotes, which were authorized by the Japanese government to issue exclusively the People's Bank of China. The bank originally had the right to issue banknotes.
The state-owned Bank of Japan sends all silver assets in its inventory as a deposit for banknote issuance to the People's Bank of China, and then turns them into equivalent gold assets based on the gold-silver ratio and continues to store them in the People's Bank of China. This is the deposit for the People's Bank of China to issue banknotes.
The old yen deposits in the hands of major Japanese banks, including foreign banks, are sent to the People's Bank of China and exchanged for new yen banknotes. The same is true for the old yen banknotes in the hands of ordinary people. Of course, taking into account the problems of the outlets, this
Part of the work will be handled by major Japanese banks nearby. Anyway, the old banknotes are collected and then taken to the People's Bank of China to exchange for new banknotes. However, if the banknotes returned exceed the banknote issuance deposit of the Bank of Japan, then the Japanese government will have to solve this problem itself.
, Emperor Yang will not be taken advantage of.
Of course, such a thing is unlikely to happen. If it does, it will be a credit problem with the Japanese government. It has nothing to do with the People's Bank of China. As far as the People's Bank of China is concerned, how much silver the Bank of Japan gives them will be issued by them.
If the gold standard banknotes really exceed the limit, the Japanese themselves deserve to be unlucky. Go to your emperor with the invalid old banknotes in your hands!
As for the silver assets in the hands of ordinary Japanese, whether they are stored in banks or buried in holes dug at home, this has nothing to do with the People's Bank of China. From now on, silver will no longer be Japanese currency, but just a precious metal. You are willing to keep it
Just keep it! It won't be used for circulation in the market anyway. If you don't want to keep it, come to the People's Bank of China to exchange for gold. Of course, you can exchange it according to the market value, or you can exchange it for new banknotes. This is completely based on the market operation.
In other words, if the price of silver falls, you deserve to be unlucky.
But although silver is no longer currency in Japan and has become an ordinary commodity, it is still a commodity in many other places, such as the United States. Of course, it refers to the United States of America. The Confederacy still adheres to the gold standard, but the United States still adheres to the gold standard in Bryan
After taking office, he has changed the US dollar to the silver standard in accordance with the requirements of the silver mine owners who support him. In addition, South American countries such as Mexico and Brazil, and Asian countries such as India are also on the silver standard. The silver will be sent directly to the United States and
Mexico, and then used it to purchase grain and crude oil from these two countries. In a sense, Emperor Yang was using his own credibility to make a fool of himself.
The Japanese gave him silver, and then theoretically he gave the Japanese gold, but he also acted as an agent for the Japanese government's right to issue banknotes, so the gold still remained in his hands as the Japanese government's banknote issuance deposit.
Unless Japan collapses and the people no longer believe in the yen and there is a large-scale run on the yen, the gold will always be in his hands. Even if there is a run on the yen, he can still find excuses not to exchange it because he has big guns.
What can those poor Japanese people do to him? In this sense, he got all the silver that the Japanese government had worked so hard to save for nothing, and then used the silver without paying any cost to hit the American market unscrupulously.
In fact, he has been playing this trick for a long time. When China carried out currency reform, all the silver the People's Bank of China received from the people flowed to the United States in this way. As a large amount of American grain and crude oil flowed to China and Sweden, massive amounts of
A lot of silver poured into the United States. In just five years, Yang Feng stuffed 400 million taels of silver into the U.S. market. He didn't even bother to ask Americans to exchange banknotes. He directly counterfeited U.S. dollar silver coins himself, not caring that the silver had far exceeded the U.S.'s
In terms of circulation demand, the United States has now started to suffer from inflation due to him, and the Bryan government is miserable.
However, they do not have the ability to return to the gold standard. After losing California, Mexico, and Alaska, the source of gold in the United States has shrunk significantly. The export of agricultural products to China is charged with silver, and it is impossible not to accept silver. They are on the silver standard and do not accept silver.
The industrial aspect has been hit by new technologies from Europe, especially the Young Consortium, competition from the Confederacy, coupled with workers' unrest, and constant racial issues. It has been languishing. The industrial scale that was originally the world's largest has now shrunk to the fourth in the world.
Actually the ranking is not as good as China.
The main sources of gold income are crude oil exports from Pennsylvania and cotton from central and southern China, but the problem is that they are still burdened with the British debt of Hell, including war military expenses and compensation plus interest compounding. The debt of more than 2 billion US dollars must be paid in gold.
To repay the gold earned from the UK with crude oil and cotton, and then have to send it back to other countries, what can we do to restore the gold standard?
But adhering to the silver standard means that under the impact of the surging Asian silver, prices in the United States have been rising steadily, from raw materials to labor, and the already sluggish industry has been further suppressed, while agriculture, which earns a lot of silver, has instead
More attractive than industry, countless factory owners sold their factories that were on the verge of bankruptcy at low prices and joined in agricultural development. Coupled with Bryan's own inclination in governance, the United States was striding towards the path that Yang Feng expected.
The European powers have shown indifference to a series of changes in East Asia. Although the People's Bank of China has taken over the right to issue banknotes in Japan, which is basically equivalent to the country becoming a protectorate of China, Japan's fate has changed since the failure of the war ten years ago.
It was already destined that this day would happen sooner or later. Even the British had the sense to pack up and leave Kyushu Island. Other countries were even less qualified to say anything. Even Nicholas, who was concerned with his own interests, did not dare to say anything.
Everyone knows that Yang Feng must not be offended at this time.
The Great White Fleet continued to show off its power in Europe, visiting from the Mediterranean coast to the Baltic Sea coast, and even sailed to St. Petersburg. After returning, it actually stopped in Sweden and claimed that it would be overhauled at Young's Shipyard. After all, they had sailed ten thousand ships so far.
Even just cleaning up the clams will take a lot of time. It is said that this fleet may stay in Sweden for two to three months. This news casts a shadow on the meeting of the great powers that has just begun in Madrid.
No one can figure out what Emperor Yang is doing. After all, Morocco is no match for him. Moreover, it can be seen from the performance of Tang Shaoyi who attended the meeting in Madrid that the special envoy representing Emperor Yang is completely trying to negotiate with him.
No matter Britain, France or Germany and Austria, no one can be offended. Except for the clear point that all parties should ensure the integrity of Morocco's sovereignty, the other specific contents seem to be indifferent.
But why does Emperor Yang want this huge fleet that can influence the situation in Europe to stay here?
It was not until Gulf Oil Company erected a huge offshore oil platform on the shoals on the west coast of Schleswig in northern Germany that all parties realized that they were here to protect Yang Feng's oil development.
There are oil fields off the coast of Germany.
This terrible news instantly stunned the British. They really didn't know that Yang Feng and William had been blocking the news, and the location of the oil wells did not require exploration at all. Yang Feng directly marked the precise location on the map.
The longitude and latitude coordinates, the oil platform can be erected and drilled down. By the time the British got the news, the oil wells had already been started.
Prime Minister Balfour, who had just sold the Kitakyushu leased land to Yang Feng at a low price under the pressure of domestic public opinion, was so angry that he almost vomited blood. He knew very well what this oil well meant. The original British plan to fight Germany was to cut off oil and blockade America at sea.
Germany's crude oil transportation, once a war breaks out on land, will allow Russia to control the Romanian oil fields, regardless of force or diplomacy. In addition, the French navy will block shipping to the Austro-Hungarian Empire in the Mediterranean. A three-pronged approach will completely cut off the Germans.
Crude oil supply. Without crude oil, Germany would become a tiger without claws, and it would be easy to kill it.
But now Yang Feng is extracting crude oil on the Germans' own territory, which is nothing! Although I don't know how much the output of this oil field can be, but since Yang Feng can be tempted, the output will definitely not be low. It doesn't need to be more
As long as it can produce one million tons a year, it will be enough to drive William's fleet.
But anger is anger. Balfour and the British government really have nothing to do about this. First of all, they have not yet started a war with Germany, so they cannot block the development of this oil field for any reason. They cannot even blame Yang Feng for this. This guy put the fleet away.
He is in Sweden. Once he gets angry, it will be bad for him to go directly to Germany. (To be continued, please search Piaotian Literature, the novel is better and updated faster!