Chapter 725: Fighting Magic with Magic
Chapter 725: Fighting Magic with Magic
After hearing Zhang Yunhe's story about the Japanese planning to exchange the French currency looted from the occupied areas at the bank for foreign currency, leaving Jiangzhou without foreign currency to import strategic materials from abroad, Yu Shuinong was stunned for a long time on the phone and cursed casually, "The Japanese are so damn vicious! They're trying to cut off the source of our income!"
"Yes, this is a trick the Japs could come up with!" Zhang Yunhe paused here, then continued, "I received news that the Japs have set up a Ninth Scientific Research Institute specifically for this purpose, and the person in charge is Yamamoto Kenzo!"
"This 15 billion is only a small portion of the fiat currency they've looted. We're just testing the waters. If they allow them to exchange foreign currency on a large scale, the consequences will be truly disastrous. You'd better come up with a countermeasure quickly!"
Yu Shuinong on the other end of the phone agreed with what he said. "Well, I'll report this to my superiors immediately! By the way, do you know where the Ninth Scientific Research Institute is located, and where Yamada Kenzo lives?"
Zhang Yunhe said: "I don't know yet, I'm still trying to find out, I'll let you know when I have any news!"
"Okay, I'll wait for your good news! I'll have someone transfer the information fee tomorrow!"
After the call ended, Zhang Yunhe continued to stare at the three-dimensional virtual image, while Yu Shuinong on the other end of the phone frowned after hanging up the phone.
The matter reported by Zhang Yunhe was too serious. Other things were easy to deal with, but if the foreign exchange reserves were exhausted, the consequences would be truly unimaginable.
Even if we lose a few more battles on the front lines, it won’t be too much of a crisis. But if there are problems in the financial sector, it will be like the soldiers losing their food and supplies. What’s the point of fighting?
He thought about it, then immediately picked up the phone and contacted his superiors to report, and soon got permission.
"Secretary Wu, have someone prepare the car. I need to report to my superiors!"
"Yes, Amaza!"
After meeting with his superiors, Yu Shuinong reported the information provided by Zhang Yunhe and returned to the headquarters shortly afterwards.
That night, his superiors called him and decided to order restrictions on the free exchange of legal tender for foreign currency, and asked the Blue Shirts Society to continue to monitor the movements of the Japanese and report any news immediately.
After hanging up the phone, Yu Shui frowned and muttered to himself, "Restricting the free convertibility of legal tender into foreign currency? Isn't that a bad idea?"
It's not just bad, it's extremely bad!
Yu Shuinong doesn't understand economics and finance, he just feels that this is not a good thing to do, but he can't tell what's wrong with it.
Zhang Yunhe watched the Japanese soldiers escorting 15 billion French francs all the way from the military camp back to the Special High Technology Bureau, and they had no good way to rob this huge sum of money.
These 15 billion are genuine legal tender, not counterfeit money printed by the Japanese.
There is usually a Japanese squad in the Special High Section responsible for security and guarding tasks. Now another squad has been added to guard the 15 billion French francs. In addition, there are hundreds of spies and civil servants in the Special High Section. More than 200 people are squeezed into a very small place. Even if they urinate, they will pee on people. Zhang Yunhe feels that he really cannot transfer the 15 billion French francs without anyone noticing under such circumstances.
It's not that he can't steal the 15 billion French francs, but forceful action will definitely expose his strengths and weaknesses. Once the Japanese know the strengths and weaknesses of his iron-blooded equipment, they will have methods to defend and restrain themselves in the future, and it will not be so easy to launch sneak attacks, assassinations, or sneak in secretly.
After thinking carefully for a long time, Zhang Yunhe decided to hold back for the time being. The 15 billion French francs were here. The Japanese couldn't spend them quickly, nor would they disappear out of thin air.
"Let the little devil keep it for me for a while!"
Three days later, the Japanese finally took action. A large number of traitors took the legal tender given by the Japanese to the bank to exchange for foreign currency. Suddenly, more and more people came to the bank door with legal tender to exchange for foreign currency. Not long after, the bank door was crowded with people.
The information provided by Higanbana was confirmed.
That afternoon, as people lined up at the bank door with their French currency to exchange for foreign currency, the bank manager came out and announced, "This is the end of our French currency exchange service today. Please come back tomorrow!"
As soon as these words were spoken, the people outside who were queuing to exchange foreign currency suddenly started clamoring. In a moment, a large crowd rushed to the bank lobby, and armed guards immediately rushed out to maintain order.
The traitors who were instructed by the devils instigated rumors and created trouble among the crowd and stirred up people's emotions.
The limited number of bank guards could not withstand the impact of the large number of people. If the manager had not called the nearby police station for help, and the police station had not sent a large number of police officers in time to maintain order, there would have been a large number of casualties at the scene.
Before 5 o'clock that afternoon, the special editions of major newspapers came out, specifically reporting that a large number of wealthy people were using French currency to exchange foreign currency at banks, and the scene was chaotic.
Ordinary citizens and people from all walks of life have no idea why so many people are using large amounts of legal tender to exchange for foreign currency. Even if they are going abroad, they don't need to exchange a large amount of foreign currency. They only need to exchange a small amount to carry with them for daily needs. Large amounts of foreign currency can be transferred via bank wire transfer.
People were still confused until the next morning, when major newspapers published the government's notice banning the free exchange of legal tender with foreign currency.
Of course, it doesn’t mean that exchange is not allowed at all. It’s just that if you want to exchange foreign currency, you need to apply to the relevant unit and get permission and certificate before you can go to the bank to exchange.
Zhang Yunhe bought a newspaper on the roadside while riding on the bus to work at the police station in the morning and read the news. Only then did he know that the other side had finally taken action.
Using this trick seems to be a lose-lose method. Although it crushes the Japanese conspiracy, it also actually damages the credibility of the legal currency.
Sure enough, after a few days, because people could no longer freely exchange foreign currency with fiat currency, their trust in fiat currency was greatly reduced, which also caused the fiat currency to depreciate further.
Zhang Yunhe knew that his superiors might also know that once this measure was promulgated, it would likely result in killing one thousand enemies and losing eight hundred of his own men, but he probably had no better way to prevent the Japanese from carrying out their conspiracy, so he had to use this method.
People who understand economics see the game and danger involved. One economist wrote an article in a newspaper saying that this is a means of defeating magic with magic.
However, when this move was used, both sides suffered heavy losses.
In the overseas Chinese residential area in Hongkou, there is a garden-style villa. There are no Japanese soldiers standing guard inside or outside. There are only two strong men in plain clothes guarding the gate in the guard room next to the gate.
In the restaurant of the villa, an old man with gray hair and wearing a kimono was reading a newspaper while eating breakfast.
When he saw the headline news on the front page of the newspaper, his face suddenly changed. He immediately read the report carefully, and suddenly became furious. He swept all the breakfast and plates on the table to the ground, making a clanging sound.
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