latelenovela Chapter 1117 Bank Closure
Chapter 1117 Bank Closure
"Japanese banks have closed down..."
At 3 PM, major Japanese banks closed an hour early. This was reportedly due to internal problems, but it exacerbated public panic, with large numbers of foreigners gathering outside the banks in hopes of receiving a clear explanation.
Li Shaoyi and Miss Natasha strolled along the streets of Huangpu River like a young couple. Although the banking problems had caused some chaos within the concession, it was hard to imagine that this was a city during wartime. The shops on both sides were still open as usual. If it weren't for the extra refugees in the corners, one would really think that this was one of the major European or American cities.
"Although the Bank of Japan has not disclosed the extent of their losses, I know how much it is, around two hundred million yen. Will they go bankrupt because of this?"
When Li Shaoyi said this, he was still a little excited. You know, back then our indemnity was 200 million taels of silver. Although one silver dollar was less than one tael of silver, we have now gotten the indemnity back.
"It's unlikely. The total share capital of these dozen or so Japanese banks is as high as five or six billion. If they were to close down for just over two hundred million, then all their efforts over the years would have been for nothing. The market is there, and they should be able to bring the money over from Japan and other places to get through this difficult time first. After all, as long as you have a certificate of deposit, if you can't withdraw it from Shanghai, you can go to Hong Kong. If you can't withdraw it from Hong Kong, you can even go to Japan. Unless they announce that the certificate of deposit is invalid."
Miss Natasha was very confident about this. No matter how poor Japan was, these banks were financial symbols of their country since the Meiji Restoration. If they were all to go bankrupt because of just 200 million yen, then they would have spent countless amounts of 200 million yen over the years to build up these banks to what they are today.
"That's good. But don't get too excited about the robbery and end up with all the money going to us. That would be like me robbing all our people."
Li Shaoyi patted his chest and said that, for Li Shaoyi, it was best if things didn't actually turn out that way. As long as they didn't, some things would still be quite good.
"Nearly 20% of the money here belongs to foreigners, and more than 50% belongs to the Japanese. The money from Chinese people only accounts for 30%. Whether they go bankrupt or not, you've made a profit."
Natasha said with a smile, and Li Shaoyi was even more satisfied at this moment. Although you have occupied Huangpu, I can't stop you in this regard. But after these few days of hard work, the urban management officers you occupied in Huangpu have been almost completely drained. You painstakingly collected so much money from all over the country, intending to cash it out through the two concessions, but you didn't expect that a big fire would wipe it all out.
“This batch of fiat currency will definitely depreciate rapidly in our hands. We should try to exchange it all for US dollars, or even precious metals.”
The two found a Western restaurant and sat down. There wasn't much to do on the street anymore; they needed to discuss what to do with the money, otherwise it would depreciate very quickly if left in the system space. This year, 100 yuan could buy two cows, but this time next year it would only buy two sheep.
"Converting such a huge sum of money into US dollars won't be easy, but given the capabilities of our intelligence department, it should be possible within a few months. However, this could easily arouse suspicion from the Japanese."
Huangpu is the financial capital of the Far East. If it were only a hundred or two hundred million, it could be absorbed quickly, but this number is simply too large. Therefore, we need to find more people before we start this project, and even then, it will take several months.
"We're not worried about having too much debt, nor are we bothered by too much wind. Are you afraid that the Japanese won't suspect us now? The Japanese have wanted to kill me many times over for a long time. What we've done this time has only made the Japanese a little uncomfortable. Let them suspect us. We can't stop working just because they suspect us."
Li Shaoyi chuckled, completely disregarding the Japanese threat. He thought to himself, "If it weren't for the Central Army's trickery, the situation in Huangpu would be very different now. My troops would be here confronting them anyway."
"Then I'll start arranging people from tomorrow..."
Miss Natasha began to take stock of her subordinates, looking for those who could be assigned to this position. She also realized that she couldn't rely solely on Pujiang; sometimes she had to take people out to explore, where there might be better opportunities.
"Find some Chinese people in the United States and ask them to help me make some connections. I need some capable Chinese people."
This money is useless if it's just sitting there. With war about to break out, it needs to be put to use. Food and arms prices in the United States haven't even skyrocketed yet. If they invest now, the future profits could be ten or even dozens of times greater. By the time the war is over, Li Shaoyi could be on par with those old money families.
Of course, those people are standing behind the scenes, while we are standing directly in front of the stage. Once our military strength is up and running, it's hard to say what it will look like.
“You have to understand that we are at a complete disadvantage in the United States, and the Chinese there are also at the bottom of society. If such a huge sum of money is sent there and no one protects us, it will probably be divided up. Across such a large Pacific Ocean, it will not be easy for us to get this money back.”
Natasha said with some concern, "After all, that's not our territory. And the social status of Chinese Americans is low. Being a middle-class person is fine, but if you want to move up, there's basically no way for you."
“In my system, I can also exchange for seven or eight hundred instructors, and I can also transform them all into Westerners. You just need to find one Chinese person who understands finance, and the rest is up to these seven or eight hundred people. They are going to make a name for themselves in the United States.”
Li Shaoyi glanced at the remaining instructors in the system. These people were all-round talents. Letting them establish a foothold in the United States could be considered a strategic move in advance.
"That's not a problem, especially on the west coast of the United States, where all the major gangs are locked in a fierce battle, so it would be easy to break out."
Natasha had already begun to formulate plans for Li Shaoyi in this regard.