Su Qing sat at the table, holding a military ticket circulating in the Japanese-occupied areas: "The important thing you want to say...is this?"
Director Xu was standing opposite the window, holding a stack of brand new orange-red border tickets, looking at the sun and carefully distinguishing them: "This 20-cent banknote is too new, and the tickets starting with Y in our border bank banknotes have long been eliminated." , and the signature of bank manager Hu Zuobin is wrong, it was drawn, and his plate making... is really too delicate!"
In fact, Su Qing couldn't tell the authenticity of these banknotes: "Chief Lin confessed to destroying the enemy's conspiracy before he left. I am not familiar with this area, and I still need to learn from you."
"Don't worry, I didn't understand anything at the beginning. You just need to learn slowly." Director Xu smiled: "In addition to military strikes, the other means used by the Japanese to launch a war of aggression are economic means, and economic means In addition to direct robbery, the method is to use financial warfare to achieve our goal of disintegrating us."
Su Qing has worked in Shanghai and is well-informed, but he is not very professional about economics: "I'll write it down and slowly understand it!"
Director Xu returned to the table and sat down: "It is only a routine method for the Japanese to forcibly issue military notes in the occupied areas, but now they are targeting us. He distributes legal tender through secret agents, disrupts the finance of our base area, and attempts to destroy it by issuing counterfeit banknotes." In the financial system of the base area, our superiors have instructed us to carry out countermeasures in the enemy's war zone, and we must destroy the enemy's financial conspiracy."
Su Qing nodded: "Chief Lin asked our work team and the teams entering enemy-occupied areas 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 generally didn't need a lot of money. You didn't have much contact with finance and other things. In addition to eradicating traitors, our action team has also been Engaging in financial warfare against the enemy."
"I have no experience in this area, and I still need to learn more from you."
Director Xu thought for a while: "We are at a disadvantage militarily. In addition to attacking militarily, the Japs also vigorously destroyed the financial system in our base areas and Kuomintang-controlled areas. Long before the outbreak of the all-out war of resistance, the Japs had already used this unspeakable method. Using various means to carry out financial sabotage, from the beginning of 1930 to now, the legal currency printed by the Japanese is likely to reach several billions!"
Su Qing was stunned for a moment. Even if she didn't understand finance, she understood the problem immediately and couldn't help but shuddered: "Print money directly? What is the difference between this and robbery?"
Director Xu smiled bitterly: "This war without gunpowder is divided into two stages. In the first stage, the Japanese island nation lacked resources and could not afford to fight such a large-scale aggressive war, so he resorted to underhanded tactics and directly used counterfeit currency. To put it bluntly, it is a business without capital, using counterfeit currency to exchange for real currency from our market, and then going to a bank run by the Nationalist Government to exchange for foreign exchange, and to exchange for supplies internationally to prepare for war.
In the second stage, after the Japanese launched the war, in addition to directly looting materials, the occupied areas and the puppet Nanjing government directly issued counterfeit coins such as "China Reserve Bonds", "United Bank Bonds", 'Mongolian silver certificates', etc., the Japanese stipulated that counterfeit currency can be exchanged with legal currency at an equal price in the occupied areas. The Japanese used unscrupulous businessmen to smuggle the looted materials into the Kuomintang-controlled areas, extorted legal currency, and then took the stolen legal currency to the Shanghai Concession again. Exchanging foreign exchange from the four major banks established by the National Government, and then using foreign exchange to purchase various materials internationally, is equivalent to using the stolen materials to do business with the National Government, consuming the financial strength of the National Government, and at the same time making it bear the burden of the Japanese invasion war. The cost is still Chinese, this is the real "war to support war"! "
Su Qing thought while writing down: "I don't understand why he wants to transport supplies to the country again? Wouldn't it be easier to just print counterfeit currency or print 'foreign exchange'?"
Director Xu shook his head: "Finance is not as simple as you think. If he prints a large amount of foreign currency, our foreign exchange is mainly pounds and US dollars now. The national inter-bank 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 are too many legal currencies on the market, they will definitely depreciate, and the foreign exchange exchanged by the Japanese will also be reduced accordingly. Moreover, the use of counterfeit currency will be discovered by the National Government Bank sooner or later, so at this stage, the Japanese do not print many counterfeit legal currency banknotes. , and are still cracking down on counterfeit currency in the occupied areas!”
"You said...I probably understand a little bit! However, I'm still a little confused..."
"Don't worry, you'll know after I say it. After the Pacific War broke out, even if the Japanese took foreign exchange, it would be of no use to them. Because the United States and Britain stopped playing with the Japanese, the Japanese began to think of ways in the occupied areas, and then Large-scale printing of military stamps, legal currency, and border region stamps began.
Military tickets can be forcibly purchased in occupied areas.
The legal currency can only be used in the Kuomintang-controlled areas. Once there is too much money in the market, there is little purchasing power. However, the Chongqing government can't do anything about it. The American and British consultants came up with a bad idea. If you print it, I will print it too. The all-out war of resistance has begun. More than one billion legal tenders are printed in a year. After the increase in printing in the past two years, tens of billions are printed in a year. As a result, legal tenders have depreciated significantly. The gold reserves of the Chongqing government are only that small. The more money they print, the less they can buy. Things, but the people who suffer are the vast majority of people.
Su Qing was stunned. It was indeed too complicated. Fortunately, Section Chief Xu made it easy to understand: "I probably understand."
"However, don't worry. The Japanese printing of currency in our jurisdiction will not have much impact on the finance of the base area, because the bank in the border area of our base area only had 30,000 yuan when we started. People in many places still use silver dollars. This thing cannot be faked, so, If we sell things, we try to collect as much cash as possible, and when we buy things, hey, we use the Japanese military coupons, if he dares to print them, we dare to print them too!"
Su Qing was silent for a while: "I really didn't expect that there were so many twists and turns. I always thought that the Chongqing government printed more money just to plunder the people's wealth."
Section Chief Xu nodded: "You can think of this, which is pretty good. From the day the low currency was born, our country has adopted the silver standard system. By April of the 22nd year of the Republic of China (1933), the two After the change to the Yuan, although the currency was unified, the economic difficulties of the Kuomintang government's finances were not resolved. In addition to the corruption of bureaucratic capital itself, great powers such as the United Kingdom and the United States also fought fiercely to control our country's currency rights. , the so-called crane and clam are fighting, but we are the clam!"
Too profound! Su Qing was a little confused: "I really learned a lot this time. Can you tell me more about the great powers?"
Shortly after the implementation of the currency reform based on the silver standard in the Republic of China, the Great Depression of the Western economy in the early 1930s and the economic crisis that swept through Western countries caused serious unemployment in various countries. Major capitalist countries such as the United States, Britain, Canada, Japan, and Austria successively abandoned the gold standard system. , implemented currency devaluation in an attempt to open up the markets of other countries through 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 a gold and silver bimetallic system. Don’t think that they are helping us selflessly by giving us aid, but they are actually dumping goods on us.”
"Listening to what you have to say is better than ten years of reading!"
"That's not the case. I heard that you will return to study in two months. The instructors over there will teach you more in depth. You should study hard."
