Chapter 44: The Sack of France (2)
There is a money shortage in France, and it is unprecedentedly serious.
People flocked to banks, causing a large number of French banks to close because they were unable to cash out because they were short of money. A large number of banks that were robbed and destroyed in the vault went bankrupt directly.
For a time, people from all over France were panicked, the economy was on the verge of collapse and social unrest.
The French government was almost crazy. It just exchanged a large amount of gold for the Datang Bank, but the more than one billion dollars were burned. It originally planned to use this money to exchange gold from other gold standard countries, but now it has all turned into a bubble and all the losses have to be borne by themselves.
France is in a crisis of money shortage, and if it is not taken quickly, it will turn into a more serious economic crisis than the US.
Pierre's cabinet was forced to fall, and the new President Paul was also sweating coldly, not knowing what to do.
At this time, Madoff transformed himself into the consul of the Tang Empire in France to meet with French President Paul. He personally conveyed the greetings of Zhang Meng, the commander of the Tang Empire's three armies, to Paul.
Of course, Madoff's arrival naturally had a purpose, and it was closely related to the current French financial turmoil. Previously, Zhang Meng deliberately wanted to exchange more than 10 billion US dollars into gold and transport it out of France, but in fact he deliberately created a gold scarcity in France. Then Zhang Meng sent the Blue Fox Special Forces to destroy the banknotes in the Bank of France, looted and destroyed the vaults of hundreds of French banks, causing the French to run wildly and create a crisis of French money shortage. All of this is laying the groundwork for this last step.
When Madoff expressed his intentions to Paul, Paul was hesitant at first. Then, due to the severe domestic situation, he had to accept Madoff's conditions.
It turned out that Zhang Meng saw that the plan to short France went bankrupt. He did not want the international banking group to make money, and he had to try to cheat all the international banking group in France. Therefore, he changed his plan and forced the French to abolish the gold standard and depreciate the francs on a large scale.
As long as the franc depreciates on a large scale, the international banking group will be completely cheated in France. However, Paul and most French officials do not want to give up the gold standard, but if they do not give up the gold standard, then the current crisis will be difficult to overcome, and they will have to watch the international banking group loot French wealth.
However, if the gold standard is abandoned and the francs are depreciated significantly, although it can severely damage international bank groups and cause the large number of francs they have just shorted for France to shrink, it is also equivalent to making all French people bear the cost of francs shrinking in disguise.
At the same time, Zhang Meng's Datang Bank urgently borrowed 12 billion Tang Yuan to France to help France get rid of the money shortage. In return, the French government should compensate 12 billion Tang Yuan with the final shrinkage price of francs.
As a result, Zhang Meng's Datang Bank suddenly became usury, and the interest rate was a profit margin between the francs that had shrunk and depreciated.
This is an astronomical figure. Once the French government starts to implement it, Datang Bank will make huge profits. Zhang Meng's abacus made a crackling sound, but in the end, French President Paul agreed to consider the current crisis.
In the next half month, Datang Bank announced an emergency loan of 12 billion yuan to France to help France stabilize the financial market. Then the Bank of France started printing money printers and printed francs francs francs, causing the francs to depreciate thirty times in the following three months.
In addition to the agreement with Datang Bank, Bank of France repaid 20 billion Tang Yuan with principal and interest. The French government could not produce so much foreign exchange for a while, and could only pay it at a low price. Just as real estate developers often paid a large number of cheap accounts for contractors, Datang Bank obtained a large number of bearer bank bonds and francs from Bank of France as compensation. These bearer bank bonds are allowed to be traded on the market. As for how much money can be actually cashed out, it depends on Datang Bank's own ability.
Fortunately, Zhang Meng and Madoff were prepared and quickly converted these bonds and francs into foreign exchange. With their wise and capable skills, they made a full $20 billion.
While Zhang Meng was excited, Carney and a group of international tycoons cried and died, and a large group of people jumped off the building.
International financial giants such as Carney and others worked hard to short France. They finally bought low and sold high and made tens of billions of francs. As a result, they were about to clear the francs into US dollars and withdraw from France, but they encountered a crazy depreciation of francs like the francs. As a result, the francs in the hands of international bank groups such as Carney and others suddenly shrank several times.
If France had not experienced the crisis of money shortage at this time, it would not have planned to completely turn against the Ross family and the international banking group. However, as he decided to depreciate the franc, it would mean to completely confront the international banking group, so there was no need to worry about it. Paul even deliberately released news and continued to insist on the gold standard, indicating that the francs would soon return to their original price. International financial giants such as Carney did not want the francs to depreciate and shrink, and they all wanted to get back the evaporated tens of billions, so they chose to continue to hold francs and wait for the francs to appreciate back.
As a result, after a few months, the francs depreciated wildly, and the appreciation was impossible. The tens of billions of dollars of investment in international financial giants such as Carney evaporated, and in the end it was only less than 3 billion US dollars left. Among them, Carney suffered the biggest loss, and it was only a loss left with his shorts.
After returning to London, Carney was so angry that he couldn't get sick and vomited blood.
International banking groups suffered huge losses and it was difficult to gather a large amount of funds to blackmail international finance in a short period of time.
As the biggest winner in this financial war without gunpowder, Zhang Meng is undoubtedly Zhang Meng. His Datang Bank made a profit of more than 20 billion US dollars, replacing the Ross family with one stone and becoming the world's number one financial tycoon. In a short period of time, no international financial tycoon can compete with him.
As Zhang Meng's mistress, Mira also made a lot of profits and earned hundreds of millions of dollars. However, Mira's biggest goal was to seize the status of the head of the Ross family. There was no doubt that the operation failed this time, Carney, the outstanding representative of the Ross family, caused heavy losses to the Ross family and the branches of various countries were completely divided. Mira would have been implemented by her father, but she was avoided because of her special relationship with Zhang Meng, and thus she truly took over all industries of the American branch of the Ross family, and other branches also gave up the idea of annexing the Mira family.
After the franc depreciated wildly, other countries such as the United Kingdom and the United States were also touched, and countries began to discuss the feasibility of the plan to abolish the gold standard.
Especially in the UK, this time it was a heavy loss, because Carney was the president of the Bank of England and the representative of the Ross family. Carney suffered the worst losses, so naturally he would have to affect the UK.
In the office of the Prime Minister in Downing Street, MacDonald roared, accusing that all of this was caused by Stanley's lent Zhang Meng a billion pounds, otherwise Zhang Meng would definitely not succeed, and Britain would not have to suffer such huge losses.
The Conservative Party led by Stanley immediately decided to devalue the pound, so that it could deal with the impact of the depreciation of the franc on the gold standard world.
"no!"
Chapter completed!