.

"Until now, there are still many opinions about the "public debt tide" in the fifth year of the Republic of China. Conspiracy theorists finally believed that the so-called "Prime Minister's Attack" was just the beginning of this conspiracy. Everything was perfectly implemented under the careful planning of the government. In the end, the two "cancers" that affected China's politics and economic stability were completely eliminated in this conspiracy. In this process, while completely shaving out the political opposition, the government obtained unprecedented sufficient funds, sufficient funds further enriched the treasury and accelerated the construction of the three major industrial zones. Just in terms of national interests, whether this coincidence or the "conspiracy" mentioned by conspiracy theorists, it still determined that the national interests are maximized!"

"Cambridge History of the Republic of China - "Public Debt Trend" in the Early Republic of China"

That night, the senior team of foreign banks such as HSBC, McGary Bank, as well as the Sassoon family, Hatong Foreign Company, Annold brothers, the Jiadaoli family and other major famous Jewish business groups in Shanghai and wealthy businessmen gathered in Aili Garden. If anyone noticed it, they would notice that there was no smile on their faces, all of which were worried. The plunge in the stock market in the afternoon caused most of them to suffer heavy losses.

That night, the electric lights in the smoking room in Aili Garden were not out of the sky. The Shanghai-Jiangsu-Jiang merchants gathered here spent a whole night discussing countermeasures and trying to use their last efforts to save their respective property. This time, personal greed, boundless ambitions made each of them completely trapped in this time.

Late at night, while everyone was still discussing, the senior team of HSBC Bank Beijing Branch sent a telegram, and this telegram finally made everyone who was in a very nervous breathe a sigh of relief.

"The issuance period for construction government bonds approved by Congress is the second half of the year!"

When Qi Libin put down the telegram, he finally breathed a sigh of relief. The news came too urgently. Otherwise, no matter what, tomorrow, he would give up. He would not have been able to gamble the entire HSBC to such a game that would definitely lose.

"Gentlemen, I think we won!"

Just as Qi Libin's voice fell, Victor Sassoon, who had been listening to their conversation, stood up and said.

"Mr. Qi Libin, now, we haven't won!"

At this time, Victor Sassoon was no longer willing to remain silent. He looked at Qi Libin and said.

"After experiencing yesterday's panic, we must realize what impact it will have on the market if Chinese people issue new government bonds, and this impact can be said to be very likely to be fatal!"

"So, we need to speed up the time!"

"Yes, we're going to get everything done before them!"

Facing everyone's answers, Victor Sassoon looked at Qi Libin and was just waiting for his answer.

After thinking for a while, Qi Libin looked at Victor Sassoon and asked.

"Victor. Tell me, do you have any good solutions?"

"Send people immediately and use the Chinese Congress. Force Congress to pass a new bill, and the Ministry of Finance will not issue new debts for at least the next month!"

Victor's advice only made everyone's eyes shine. What's more unsafe than this bill? And with the help of this bill, they can...

"Just do it,!"

Qi Libin immediately agreed. In his opinion, this is an insurance, an additional guarantee, which may require a certain amount of investment, but compared to future returns, it is worth it.

"Also, gentlemen, after yesterday afternoon, after encountering such an unprecedented storm in the bond market, I believe that bonds will definitely be sold by people tomorrow. If we need to stabilize the market, then we need more funds! Otherwise, everything will be shattered!"…

No one would doubt that tomorrow is their time to save the market! To be precise, it is their time to save themselves!

"Morning, tomorrow morning, is very critical!"

Jacob Sassoon looked at everyone and said, and then he looked at the sitting clock again. It was midnight and they had nine hours left.

"Gentlemen, we need to increase our investment by at least 30%. I hope that before 10 am, each of you will have funds in place!"

Almost as soon as Jacob Sassoon's voice fell, everyone turned their attention to the banking team led by Qi Libin. In the past few decades, they have mostly raised funds from these banks. Now, they have obviously forgotten one thing. Now banks are also involved in this speculation, and now their funds are not sufficient.

"At least, according to the "pole-carrying principle", we don't need much cash!"

Compared with the stable Lianyungang Stock Exchange, which has strict terms and restrictions, the Shanghai Stock Exchange, known as the "holy land of speculators", is full of various speculative terms. According to the "leverage principle", they only need 10 million yuan, which is enough to leverage the 50 million market. This speculative principle has now become their last life-saving wheat straw.

Early in the morning, when the transaction was still open, Jewish wealthy businessmen in Shanghai almost went out in full swing, using all their relationships to raise funds as much as possible. They mortgaged real estate, real estate and antiques from their homes to banks and money houses, and even mortgaged them at low prices, just to obtain more funds to leverage more funds to push the price of government bonds to a new height, thereby regaining the market downturn caused by yesterday's plunge.

At the same time, HSBC and many foreign banks' branches in Beijing have even started to move forward to seek the passage of resolutions by Congress to prevent new government bonds from suddenly entering the market. Now, all hope is placed on the "good news" they have obtained from the Chinese government, and the bill that Congress may pass subsequently to "limit the amount of government bonds". In the end, these "good news" will help them save everything as soon as they are announced.

At this time, what was before them was either to give it a try or let the stock market fall sharply and go bankrupt. Obviously, these Jews who were born with financial adventurous spirit chose the former, and similarly, those foreign banks that invested huge amounts of money also chose the former.

On Friday, with the crisp and steady bell ringing, one, two... From the Shanghai Stock Exchange's pallet, the sound of the bell mixed with a trembling texture of metal was heard to the ears of speculators who had gathered here early.

Ring! Ring!

When the ringtone rang, they felt their right eyelid jumping up involuntarily. The ringtone seemed to bring endless black in their dreams, pressing heavily on everyone's nerves.

The market is open!

This day may be more appropriate to describe "Black Friday". Affected by yesterday's bad news, the Shanghai Stock Exchange will witness the hysterical madness after the opening today. Brokers and agents howl, tear off their collars and try to keep up with the sell-off order. Everyone knows what kind of disastrous consequences will be brought about if new government bonds suddenly enter the market.

Those retail investors filled the streets, watching the well-known Jewish speculators in Shanghai traveled to the door of the exchange in their luxury cars. These Jewish rich people who once influenced the inner circle of the Shanghai Stock Exchange. When they got off the bus, they mostly had extremely confident smiles on their faces. Some even told retail investors in Shanghai-style Chinese to make them have confidence...

At first, the price of government bonds continued to fall in the first few hours after the opening, but after the injected hundreds of millions of yuan in capital into the rescue, the price of government bonds stabilized, and it seemed that they had stopped the disaster. Looking at the stock market that stabilized and slowly stopped falling, both Sassoon, Hatong, or the Annold brothers couldn't help but breathe a sigh of relief, at least for the time being.

"Now you just need to wait until the government announces that good news and the market can stabilize!"

In the previous "market rescue" activities, almost everyone overdrawed their wealth. For them, this was the last big bet. Jewish merchants bet on their own, and even those foreign banks bet on almost all of their own. Now, no one has turned around.

As they expected, at 10 a.m. Beijing came news that the Ministry of Finance suspended the issuance of new government bonds. After this news came, it only made everyone feel relaxed.

alright!

Success!

Just as they breathed a sigh of relief, there were still people in the market selling government bonds, unlike yesterday's millions and tens of millions. Almost every sale today is a record-breaking sale, and it is increasing at a rate of tens of millions and hundreds of millions almost every minute.

"receive!"

"How much does it have, how much does it charge!"

With the first good news, Sassoon and others no longer had any concerns. They immediately began to instruct their agents to accept all the government debts.

As another new positive news comes during the lunch break, Congress is discussing the negative impact of excessive treasury bond scale, which is likely to suspend the issuance of this year's bonds, which is another positive news.

Finally, under the influence of this double positive news, people who seemed to see hope finally gave it a try. As soon as the pot was opened in the afternoon, the market became frenzy again.

At this time, the people who tried to promote the market again did not know that the information they received was accurate. The Ministry of Finance did temporarily slow down the issuance of government bonds, and they seemed to have successfully lobbyed Congress. However, what they did not know was that all this was just to let these Jewish merchants and foreign banks take a try.

The real and most fatal news is not these "market factors". For Zhou Zuomin, who planned all this, he has another bargaining chip, the most fatal bargaining chip.

“…will there be any changes?”

After learning that the agent had overdrawn more than 100 million yuan of funds, Qi Libin felt an ominous premonition in his heart. This ominous feeling only made him feel a little uneasy. Is there any worse news?

Looking at the stable government bond market, Qi Libin could not guess any worse news. Just when he was puzzled, his office door was suddenly pushed open.

"Big, big class, Li..."

The comprador who broke in was pale, and there was no trace of blood on his frightened face.

"Li Zicheng boarded the warship at Dagukou!"

What!

In an instant, Qi Libin fell to the soft chair suddenly, and the blood on his face disappeared in an instant.

Premier Li Yu Dagukou took a warship back to Lianyungang!

Tens of minutes later, this news like thunder in late spring spread throughout Shanghai, and everyone was stunned in an instant. Everyone knew very well what this meant. After a few days of silence, the most worrying thing finally happened.

war,!

The clouds of war are about to cover China's north and south.

Public debt!

After the war broke out, what is the purchase of public debt?….

Finally, this shocking news, like the last wheat straw that broke the camel's back, completely pushed foreign banks and Jewish merchants into a new abyss with the last capital stable government bond market.

And this abyss is almost hopeless!

"Build a plank road openly and cross Chencang secretly!"

Sitting limply on the sofa, Jacob Sassoon muttered this Chinese idiom. Now, he finally understood why the news of Li Zicheng's attack was not announced, why there was always news about Yuan Li and Li in the past two days. The reason was very simple. Li Zicheng was waiting for the opportunity. He had been waiting for the warship. He needed to return to Lianyungang. Return to his base camp, so that he could break with Yuan Shikai.

Only in this way can he fight with Yuan Shikai a war aimed at fighting for China's supreme rule.

If it were in the past, perhaps he would bet, who would bet who would lose, who would win, but now he has lost everything, everything, and the family business that the Sassoon family had saved for more than 70 years. On this day, he went bankrupt, not just him. It can be said that almost all the Juvenile merchants in the entire Shanghai were bankrupt.

"uncle……"

Looking at the uncle who had been aged in dozens in a few hours, Victor's voice was a little hoarse, the Sassoon family was finished! Not only that, the entire Shanghai Concession was finished!

This is a disaster! Almost none of the people he knows are immune!

"Okay, it's all over, Victor!"

He raised his head and looked at his nephew with those eyes without any anger. Jacob Sassoon said in a weak voice.

“Our era is finally over!”

Our era is over, until now, until now, Jacob Sassoon finally decided to face reality, everything is over, the era when silver once flowed, the era where you can seek huge wealth as long as you come here, is over, and the era where adventurers belong to them are over.

"Victor, from now on, you are no longer my heir!"

When he spoke this sentence in a weak voice, Jacob Sassoon looked at his nephew with his eyes without any anger. His expression did not cause any fluctuations because of this sentence. Obviously, he had expected all this.

"Yes, uncle!"

Victor nodded. He did not object to this point. In this case, he did not need to inherit any debts. At least he himself has not gone bankrupt. In the bank, he still has more than 100,000 yuan in deposits, but... Suddenly, he remembered another thing. In this storm, it was not only their businessmen who were involved in it, but even banks, and banks were also involved. This time, can the bank survive?

Sitting in the office, Qi Libin's face without a trace of blood was still endless self-blame. He ruined everything and destroyed everything. From now on, HSBC has become history!

Yes, HSBC has become history. In this speculation, he bet on the entire HSBC, but what about the rewards?

"The Wuhan branch sent a telegram, and the crowd of people asking for withdrawal and cashing out the silver dollar coupons occupied the entire hall, lined up all the way to the street. They, they needed at least 20 million taels to get through..."

"Tianjin Branch..."
To be continued...