Chapter 9 Black money needs bleaching
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The news of the founding of the Tang Empire did not attract too much attention from the international community. Even in the UK, the Times only mentioned it in the corner.
Although Downing Street felt a little worried about the Chinese controlling the Tongan regime, after Sir Constine arrived in London, he made a report on the Tongan coup and the founding of the Tang Empire in the House of Lords as the High Commissioner of the Central Pacific, and explained that the Tang Empire government continued to recognize it as a protector of the British Empire, ensuring that the interests of the British government and British expatriates in the Tang Empire were not violated, and that they were willing to bear the relevant obligations and clauses of the Commonwealth member states, etc.
These are all issues that the British Parliament is really concerned about. Obviously Constine grasped the key points and explained them, and immediately stopped any measures that were unfavorable to the Tang Empire before the Parliament made a decision.
On the other hand, Zhang Meng also sent people to London with Constine, and quickly launched a money offensive to win the sympathy and support of most members of the House of Lords.
Since the Central Pacific is not the core focus and core interests of the British Empire, and the term of the British Conservative Party leader Prime Minister Stanley Baldwin will end on June 5, the Labor Party and the Conservative Party are in the final contest and have no time to deal with a small island country in the Central Pacific. Zhang Meng knew that the election would be the Labor Party's victory, so Zhang Meng sent people to provide Labour candidate Ramsay MacDonald with a huge private campaign sponsorship of $500,000, which won the favor of McDonald and the Labor Party. On June 6, the first order signed was to recognize the legal status of the Tang Empire to replace the Tonga Kingdom and welcome the Tang Empire to continue to stay in the Commonwealth.
The reason why Zhang Meng allowed the Tang Empire to continue to stay in the Commonwealth was mainly based on the advance defense against the very likely military invasion of the Japanese army. Under the banner of the Commonwealth member states, at least the Japanese army did not dare to easily attack the Tang Empire before declaring war on Britain, so that Zhang Meng would have more time to prepare.
It can be said that every step was carried out according to Zhang Meng's plan. So far, everything has been going smoothly, and nothing has happened beyond Zhang Meng's control.
However, Zhang Meng did not dare to relax, and he knew that there were even more severe tests waiting for him.
Be low-key, you must be low-key.
Zhang Meng chose to establish the Tang Empire very favorable because he knew that the United States would have the largest economic crisis in history in two months. By then, the focus of the whole world will shift to Wall Street in the United States, and no one will pay attention to the Tang Empire in the Central Pacific.
Zhang Xinhai participated in the grand crowning ceremony of the Emperor of the Tang Empire held in the Daxing Palace in Chang'an with passion. Although the old man was over 60 years old, he was still full of energy.
In addition to their own family, only nearby countries such as Fiji, New Zealand and other countries attended the coronation ceremony. Other Commonwealth member states such as the United Kingdom, Australia, and Canada only sent symbolic congratulations, which shows their contempt for the Tang Empire.
If they sent someone to Chang'an in person, if they were interested in visiting the large-scale urban construction in Yanjing, they would never underestimate the new Tang Empire. Unfortunately, they missed an excellent opportunity to explore the trump card of the Tang Empire.
But Zhang Meng was happy. The more the international community did not pay attention to the Tang Empire, the more beneficial it would be to the Tang Empire.
After Zhang Xinhai became emperor, he decided that New Year's Day on January 1, 1930 was the first year of the Tang Empire. The year's name was restored, and the name was Xingtang, and the day of the founding of the Tang Empire on June 6, 1929 was set as National Day. Zhang Meng was named the crown prince and the Minister of National Defense and Commander-in-Chief of the Defense Forces of the Ministry of War. The Zhang family army was renamed the Tang Empire National Defense Forces, and Zhang Wei was named Princess Changping and the Foreign Minister of Rites. Zhang Meng's appointment was naturally beyond reproach, but Zhang Wei was a bit shocking as a woman to serve as a foreign minister.
Fortunately, Zhang Meng strongly supported him and said that there was Wu Zetian in the Tang Dynasty. Since democracy was advocated in the new era and women were allowed to participate in politics and discuss politics, Zhang Wei got what she wanted. Zhang Wei was naturally very grateful to Zhang Meng for this.
Zhang Xinhai planned to form a responsible cabinet. He looked down on the members of the original Tongan noble parliament on the island and planned to find some talents from the government to come back. However, no one was willing to come, which made Zhang Xinhai furious.
Zhang Meng then suggested that he didn't have to worry, after all, the Tang Empire was small and had a small population, so there were basically no major national affairs to deal with. Zhang Xinhai thought about it and couldn't help but sigh.
After that, the arrangements of officials from the three provinces were basically nominated and appointed by Zhang Meng directly. Members of the Senate and House of Representatives of the Secretariat, as well as candidates for justices of the Menxia Province, were basically Zhang Meng's confidants and officers from the Zhang family army system. Of course, in order to take care of the interests of the original Tongan nobles and indigenous people on the island, a few seats were also arranged for them.
As for other officials of the six ministries of the Shangshu Province, Zhang Meng temporarily managed the military with the Military Commission because he now had to concentrate his efforts on the military power of the Tang Empire, in order to strengthen the military power of the Tang Empire as much as possible before the outbreak of World War II, so that he had the opportunity to go to war with the Japanese army.
Although there are currently no talents in the government agencies of the Tang Empire, fortunately, the small country has a small population and no international activities, so there is no problem in Zhang Meng nominating the Prime Minister of the Cabinet to be the Prime Minister of Zhang Fulai.
In terms of internal affairs, Zhang Meng was relieved to leave it to Zhang Xinhai and Zhang Fulai to deal with it. It is now August. Zhang Meng knew that the US stock market would reach its highest point in another month. By October, the US economic crisis would break out, which would trigger the largest and most severe global economic crisis in the 20th century.
Zhang Meng knew that his chance had come.
That's right, he's been waiting for this opportunity to come.
Now he is about to start acting.
The New York Stock Exchange's stock index will reach its highest point on September 3rd, and then it will decline at an average rate of 14 a day.
In addition to leaving 100 million US dollars in funds for the construction of urban infrastructure and military facilities of the Tang Empire, Zhang Meng also had a billion US dollars in funds planning to speculate on the US financial market.
However, Zhang Meng was very careful. He would not directly put hard currency such as gold and silver into the US financial market, because that would likely be targeted by the Japanese, which would expose the origin of the huge amount of gold in his hands.
Before, Zhang Meng was worried about how to invest the billions of dollars in his hand into the American market without arousing the Japanese's ideas, but with the establishment of the Tang Empire, Zhang Meng suddenly thought of a solution - Tang Yuan.
That's right, it's the new currency stipulated by the Tang Empire government - Tang Yuan.
After the founding of the Tang Empire, the original Tang Yuan was naturally abolished and changed to Tang Yuan.
Since Tonga was the British protector before, the Ton Yuan was pegged to the pound. Since Tonga had no strength, the Bank of England branch established by the British in Tonga was responsible for printing and issuing Ton Yuan. The exchange rate of the pound to Ton Yuan is 1:10.
After the founding of the Tang Empire, Zhang Meng naturally had to establish his own central bank, and it was impossible for the British to control the fiscal revenue and expenditure and financial reserves of the Tang Empire.
After several rounds of negotiations between Zhang Meng, Zhang Wei and others and the British authorities, Datang Bank was officially established, and imported advanced money printing machines and equipment from the United States, and hired professional money making experts to design.
The designer produced a total of fifteen sample patterns in Tangyuan banknotes and coins as required and submitted them to Zhang Meng for review.
According to Zhang Meng's requirements, the currency pattern must be representative and has the characteristics of the Tang Empire. It is complex and difficult to imitate and is a pattern that is easy for the citizens to identify true and false.
Since Zhang Meng considered that he would soon have to use Tang Yuan on a large scale, he didn't have time to be too picky on the patterns. Anyway, each set of currency will be replaced after a period of time, so he selected several of the Tang Yuan plans and immediately asked to carve the master version.
Tang Yuan finally set the sample three days later. The front patterns were from large to small, including the half-body portraits of Emperor Li Shimin of the Tang Dynasty, Empress Wu Zetian and other emperors, as well as some famous ministers. Various patterns of divine beasts, auspicious beasts, strange flowers and plants were attached around them. The north was the national emblem of the Tang Empire, and the background picture was the current land map of the Tang Empire. In order to increase the complexity of the banknotes and prevent them from being forged, the banknotes were marked with Tang Dynasty seal characters, Arabic numerals and English, which increased the complexity of the banknotes by hundreds of times, but they were not lost and exquisite. In particular, the use of professional dyeing pigments and exquisite painting techniques made various patterns come to life and had a strong artistic appreciation value.
Tang Yuan divided it into 1,000 yuan, 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 1 yuan, 5 cents, 2 cents, 1 cents, and 5 cents, 2 cents and 1 cents.
In addition to printing paper money, the mint also made auxiliary coins less than 1 yuan, minting 1 yuan with enough silver for minting, and other coins were minted according to the exchange rules equal value.
Since the Tang Empire is currently within the Commonwealth, it is necessary to continue to adopt the gold standard with Britain.
Zhang Meng knew that Britain would abolish the gold standard in 1934, so he was not worried about currency depreciation at the moment. Instead, in the upcoming global economic crisis, Zhang Meng could use the gold standard to exchange funds between Britain and the United States and transfer funds back to the Tang Empire.
After the gold standard was established, the Secretariat of the Tang Empire quickly approved currency exchange laws, stipulating that 1 Tang Yuan contains 1.50463 grams of gold, which is the same as the gold content of the US dollar, that is, 1 Tang Yuan can be exchanged for 1 US dollar, or equivalent value can be exchanged for 1.50463 grams of gold, and the exchange rate with the pound is 5 Tang Yuan to exchange for 1 pound.
Based on the gold and silver he had reserved, Zhang Meng decisively ordered all the printing machines of Datang Bank to start printing money day and night, and the first batch of printing 2 billion Tang Yuan.
However, according to Zhang Meng's calculations, he planned to make a big profit in the upcoming US economic crisis. Two billion Tang Yuan seemed to be not enough, but in order not to attract the attention of the great powers, he could only do this for the time being.
Of course, Zhang Meng knew that this was a rare opportunity to make a fortune, so he quickly sent someone to contact the international banking group and asked Datang Bank to join the international banking group club, so that Zhang Meng could use the international banking group to exchange currencies from different countries and conduct Tangyuan transactions separately in order to cover up the fact that he printed Tangyuan on a large scale.
Since Zhang Meng had real gold reserves, he was not worried about Tang Yuan's firmness at all.
Chapter completed!