Gu Yiqun was already waiting at the Shanghai airport. Zhang Kun and Chen Guangfu got off the plane, and he reported to European careers in a very fast manner without stopping. ·1kans book hu·cc "It was done by the Bank of France." His first sentence was this, "A few months ago, Germany and Austria were discussing the customs alliance. French government Foreign Minister Brand announced that he firmly opposed Germany and Austria's negotiations on trade and customs alliances. In order to put pressure, the Bank of France cut short-term loans of about one billion francs to the Credit Bank of Vienna..."

Some of the information Gu Yiqun said was known, and some of it was only now. Zhang Kun nodded and asked, "Why didn't you receive the news before? I'm saying that Bank of France cuts short-term loans in Vienna?"

"France does not want to make a statement. After all, this is a counter-topic with Britain and the United States, and Vienna dares not make a statement. Once it makes a statement, banks will have a run. The current situation is that the bank will be run immediately after the news is gone." Gu Yiqun explained that the whole of Europe has been in chaos since last year. As a non-senior European and American financial community, many news are difficult to distinguish between true and false even if it is received.

"Who will be next? Why doesn't the Bank of England save the market?" Chen Guangfu did not hold Gu Yiqun responsible for his later realization. Since the reason has been clarified, he thought about how it will happen in the future - the most worried thing is the joint rescue of the UK and the United States.

"According to the interbank business connection, the next one should be the German Danath Bank, which has a very close business connection with Vienna. If the bank goes bankrupt, then the entire German bank will close. This is not the same as last time." Gu Yiqun explained, "If the Bank of England and the Federal Reserve plan to save the market, it will definitely not let the Bank of Vienna go bankrupt. I think there must be something we don't know about."

"What do you don't know? What exactly is there that we don't know." Zhang Kun turned his head and began to think.

As the end of the European War, as far as Europe is concerned, only the Bank of England and Bank of France, which are both victorious countries, are the protagonists in the financial circle. The German Central Bank, Credit Bank of Vienna, and Italian Bank, which are also victorious countries, are just supporting roles. And between England and France, England, which is of the World Bank, has "leaved" the gold standard as early as before World War I. The gold it holds can only pay four percent of the pound volume, and after the war it has been supported by Wall Street to barely stabilize its previous position. This is also the original intention of the Bank of England to promote the promotion of gold exchange standard in recent years - it has no much gold, only the US dollar.

However, the French did not buy it. Just like after World War II, the French tried every means (including lowering the exchange rate of 20% of the franc) to reserve gold, while the Bank of France stipulated that gold was the only reserve for currency, rather than gold and paper money. So within ten years, France's gold reserves increased to more than 2,800 tons, almost half of the Federal Reserve.·1kanshu·cc

British and American bankers thought of profits, but the French were worried about Germany's rise again, so it was a matter of strong opposition to the German-Austrian negotiations this time. With the power of the Bank of France, facing the Bank of England, which had long become a shell and the Federal Reserve, which was heavily restricted by parliament, it could do whatever it wanted in the European financial market. In the absence of Germany and Austria's dispute, it was natural to crack down on the Credit Bank of Vienna and then hit major German banks. However, what will happen in the future?

Zhang Kun thought about this question, and felt that what Gu Yiqun said was not unreasonable - it is unlikely to save the market, otherwise why not save the Vienna Credit Bank? Since it does not save the market, it can only be revenge. Revenge...

As soon as the word revenge appeared in Zhang Kun's mind, he thought of Germany. More than 20 years ago, he knew that what Germany opposed was France's support. If he wanted to stimulate Germany, he had to mention France, and vice versa. This means that if Britain chose to retaliate without rescuing the market, then the next step would be to support Germany to attack France. Although it would not cause war, it would at least form a new strategic balance.

Zhang Kun thought about relief or revenge. In Washington across the ocean, relief was also read by President Dawys. He did not want the whole of Europe to collapse. Once that was the case, it would be a disaster for the whole world - this was the content from the Montague Norman telegram from the Bank of England. Similarly, George Harrison of the Federal Reserve Bank of New York also held a similar view.

"Mr. President. I'm afraid we can't do anything now." Looking at the president who was still hidden in the dark, Commerce Secretary Hoover had to speak out.

"Why?" Dawys looked at him, feeling a little unbelievable, "If Europe is done, then the entire civilized world will be done. And Japan, now is the critical moment to separate China and Japan. If the Bank of England also collapses, then the Japanese can only turn back to China with no help. That would be a nightmare!"

Dawesli waved his fists with confidence. He hated that most of China's bidding orders were given to Germany. Although everything was in accordance with the law, how could those yellow-skinned monkeys treat themselves like this?

"Mr. President, we are not able to help the Germans and the Japanese now!" Hoover emphasized. "The situation is much more than we expected. If we agree to the request of the Germans and the Bank of England, we will invest countless resources to save Europe, but the problem is that they have already owed us tens of billions..."

"Oh, I know, these war debts..." Seeing Hoover mentioning the annoying war debt, Dawes immediately wanted to convince him, saying that only when European economic policies are in operation can the war debt be paid, otherwise the United States will get nothing. But Hoover said, "Mr. President, what I am talking about is not war debt, I am talking about short-term acceptance bills.·1kanshu·cc"

"No," said Dawysbon's smile a little stiff, "This is impossible. I had consulted the Federal Reserve last month and they told me that this kind of short-term acceptance bill is only about $500 million. Think about it, it is only sixty to ninety days to facilitate export settlement, and how large can it be."

"But that's not the case, Mr. President." Hoover suddenly said with pressure. "I have asked the Director of the Currency Audit to audit. Although it has not been completed, he estimates that the number will not be less than $1.7 billion. The news from England is that the number of such acceptance bills will not be less than $2 billion, while Germany, Austria and Hungary, including the bankrupt Vienna, holds such short-term bills of exchange for more than five billion."

Every time Hoover said a number, Dawys's expression became solemn. He believed Hoover, but he felt a little dizzy when he heard incredible numbers from a trusted cabinet member. "Herbert. Is this true?" he said.

"It's true, Mr. President." Hoover focused on it, "At the beginning, the goods and documents corresponded to each other, but after the economic crisis began last year, this correspondence was disrupted. In order to obtain funds, European banks and customs filled in export goods documents at will to obtain short-term acceptance notes. Now the situation is clear, the reason why they were only slightly affected by the economic crisis was because they obtained short-term loans from the Federal Reserve through fraud.

As soon as the bank in Vienna goes bankrupt, these problems will enter our vision as clearly as landmines. Mr. President, I don’t think European banks should use our credit voluntarily, because the cost of these problems will eventually fall on us. Just like now, we need to aid Europe again and again, remedy the deficits and short checks they have caused, and invest billions or even tens of billions of dollars. This behavior cannot save anything, and it will only benefit those greedy and stupid bankers.”

"But...but..." Dawyth is not Hoover after all. Although the position he sat in history was Hoover, Hoover, who had such an attitude, chose not to save Europe on this historical fork, because 'it is the banker who must bear the responsibility for solving the problem, not our taxpayers', but Dawyth is not Hoover after all. He stuttered and said: "But Henry and Andrew are in the UK. They unanimously believe that we should rescue Europe immediately, otherwise Europe will be in a desperate situation. We should do something!"

"Mr. President, what should be the damn bankers, not the US government." Hooverdor said with dissatisfaction on his face. "Even if we give European loans this time, what should we do next time the crisis is resurrected? What should we do if the short-term bill of exchange involves $10 billion? And, most importantly, this does not improve the European economy because the market is still in a downturn."

"Herbert, I think we should wait for Henry and Andrew to come back from England to discuss this issue." Although Hoover had made it clear, Dawys was still unsure.

"But the Germans now need $500 million in loans. They claim that if there is no $500 million in loans, they can only withdraw from the gold standard." Hooverdor said. "Mr. President. This is something that needs to be decided immediately. We can't wait for Henry and Andrew to come back from Britain."

"Then let's get a loan to Germany first." Dawys said. "This is an emergency, and I think we can only deal with it this way."

Unexpectedly, the president insisted on saving Europe. Hoover smiled bitterly and reminded: "Mr. President, I would like to remind you that everything you did was seen by others, who had long wanted to push the Morgan consortium and replace it. Once the government decides to lend money to Europe again instead of saving the country, those people will disrupt the Senate's impeachment of you..."

The word impeachment made Dawys sweat on his vest. He completely believed what Hoover said. The old guys in the Senate would definitely use this matter to impeach himself. Perhaps, he would become the first president in the United States to impeach him; but if he did not rescue Europe, Europe would sink to the bottom of the sea like the United States, and his previous image as an angel in the hearts of Europeans will be completely destroyed...

On one side is reality and on the other side is ideal. Dawys was in conflict for a long time and said at the end: "Herbert, I think I should understand the situation in the UK and listen to Henry and Andrew's views. Then..." He glanced at Hoover, "I think I will definitely make the right choice."

"Of course." Seeing that Doves was not as persistent as before, Hoover breathed a sigh of relief, saying, "Mr. President, I fully trust your choices, just like faith in God."

When Doves asked someone to draft a telegram to the UK, Hoover retreated. Although he knew that Secretary of State Henry Sheng and Treasury Secretary Andrew Mellon would convince the president to continue to help Europe, the pressure from the Senate would make him give up all the idea of ​​rescue. American taxpayers are only American taxpayers, not European taxpayers, and excessive intervention in European affairs will only taste the consequences of the United States.

Hoover thought so, after receiving a telegram from Dawes, the British Secretary of State cursed: "This bitch! Don't he know that once Europe collapses, the Bolsheviks will occupy the entire Great Six, and the Chinese will establish an Asian alliance with Japan? American taxpayers are indeed only American taxpayers, but the United States is also a member of the civilized world! We must not sit idly by and see that the situation worsens, give Europe to the Bolsheviks, and push Japan to China..."

——Dowes's telegram describes Hoover's concerns in detail. These concerns are not seen by the Senate except the Senate, but it is precisely because the Senate is an insurmountable obstacle to rescue that he is so angry that he cursed.

She was born like this, and the Finance Minister Andrew Mellon, who had read the telegram, said: "If the situation is allowed to unfold and nothing is done, the United States will be completely surrounded. She is the Bolsheviks on one side and the yellow pagans on the other."

"Everything should be blamed on the damn French!" said Lord Montague Norman, President of the Bank of England. "We must teach them some lessons that Europe cannot be left to France."

"We can do nothing to the French unless we support Germany again." The angry voice was so silenced. "But Germany..., neither the National Socialist Party nor the Socialist Party are good targets of support."

"No, sir." Lord Norman shook his head, "There are many people in the National Socialist Party who are anti-Bolsheviks, such as their second leader, the Gorene, who are firm anti-Bolsheviks and German nationalists. I believe that with enough support, they will expel the Bolsheviks and teach the French some lessons."

"But Goren's wife is Chinese." Sheng knew everything about Germany. "They had close ties with the Chinese. Last time, the run they caused almost ruined everything."

"But this time the United States does not save Europe, Europe will be ruined. We have no better choice except Gorene." Norman explained. "Grene's wife is only of Chinese descent, but her father is a pure-bred German. Yes, Marshal Leo William, the German national hero who occupied Paris and almost led Germany to win the entire war, and all Germans miss him!"

"But won't this cause another war?" Andrew Mellon interjected: "I believe it will! Once Gorene comes to power, if he can."

"Then let the Germans destroy France first, then we destroy Germany, and then the whole world will be quiet." Lord Norman smiled, but when Sheng and Mellon were disgusted, he said: "Gentlemen, this is a joke. Germany's rise is just to deal with the Bolsheviks, and it only plays a balance for France and they are all in equilibrium. Moreover, this plan is only when the United States cannot rescue Europe and Europe is completely in chaos."

"What should China do?" The student looked at Montagu, wondering what he thought of the Far East.

"China?" Norman shook his head dismissively, "It's too far from Europe, but it's in the same ocean as the United States. I think if President Dawys cannot use the threat of China and Japan to establish an Asian alliance to convince the Senate to rescue Europe, then the United States will pay a greater price to preserve the Pacific sea power in the future. What do you think will the Senate choose?" (To be continued.)
Chapter completed!