The Bank of England issued a warning for the financial crisis? Yi Zhizu was stunned. He knew in advance that the Bank of England could actually detect the financial crisis in the United States at this time. Now there is at least half a year before the outbreak of the economic crisis in 1873!

Besides, the current situation in the United States has not yet reached the point where a financial crisis breaks out. At most, it can only be said that there are signs of a financial crisis. Is there signs of a financial crisis in England itself?

After reading the telegram, he didn't say anything for a long time. The Bank of England did not directly refuse to post credit notes, but stipulated strict conditions for reposting. Because of the harsh conditions, most credit notes could no longer be discounted. At the same time, the Bank of England's rediscount rate increased to 5%.

It seems that this is not only aimed at the United States, but also the signs of a financial crisis in England itself! For the United States, this is obviously a worse situation.

The economic prosperity after the American war was based on large-scale railway construction and on the large influx of European capital. Most of the funds flowing into the United States were in the form of financing to complete the flow of funds through credit notes. Once the credit notes cannot be cashed, the flow of funds will be hindered. The cut-off of European funds is definitely a disaster for the United States.

The New York Stock Exchange closed for one day, but it was just the first to react. The real impact was the banking industry in the United States. If most credit notes cannot be cashed, it will cause a serious credit crisis, which will be a fatal blow to the banking industry!

Seeing that he didn't say anything, Zhao Liewen was a little puzzled and said tentatively: "Can this be a signal of an economic crisis?"

"It should be." Yi Zhizu was also a little uncertain. After all, from the perspective of time, it seemed a little earlier. "The New York branch closely monitors the situation on Wall Street and reports at any time." After a pause, he continued: "Report the situation on London Jingrong City at any time."

When Zhao Liewen was about to leave, he lit a cigarette and walked slowly to the window. The Bank of England increased the rediscount rate and stipulated strict conditions. In layman's terms, it was a tightening of money, which shows that the Bank of England's gold reserves were threatened. It was indeed a storm that was about to come and the city was overwhelmed!

The Bank of England tightened its money and ruthlessly pierced the economic bubble caused by the railway construction frenzy in America. The securities, which were previously popular among investors and speculators, suddenly became useless. However, no one realized that the largest and longest economic crisis in history was approaching, and many people were reluctant to leave.

Because a large number of credit notes cannot be cashed, many American banks are in a state of turmoil, and their business shrinks rapidly. Banks of all sizes are exactly the same, and they are busy collecting loans!

Two months later, the same situation occurred in the English banking industry. All the bankers had only one idea in their minds: collect loans! collect loans! collect loans!

The panic of the financial crisis began to spread from England to other European countries, and countries tightened their monetary policy, even Germany was no exception. Germany received huge war reparations in the French-Prussian War, and then implemented the gold standard and issued a new currency, Jinma. In order to establish Kimmak's position in the European currency market, Germany lent large amounts of low-interest loans to European countries, but under the panic of the financial crisis, it also began to take measures to tighten monetary policy.

The whole world is tightening its money, and the only exception is the Qing Empire. After the five-year plan was put forward, the 400 million silver dollar economic stimulus plan was officially launched. Yuanqi Bank released a large number of low-interest loans, mines and factories sprung up in various provinces like mushrooms after a rain. Farmland water conservancy projects suitable for starting in winter have also been launched in various provinces, followed by urban reconstruction projects in various provinces, which are in full swing.

The same is true for the securities market and stock markets. The securities markets and stock markets in various countries around the world have fallen into a sluggish due to the panic caused by the financial crisis. However, the securities markets and stock markets in the Qing Dynasty, Guangzhou and Shanghai are booming, with stock indexes rising all the way and setting new highs.

The stock indexes are rising and the stock market is also extremely hot. The trading hall is crowded and the water is scattered. Huo Qizheng, who is sitting on the third floor office, could faintly hear the noise in the hall. The crisp phone ringing of "Dingling" sounded. When he picked up the phone, he heard Yishizu's voice. He unconsciously owed his body slightly, "What are the instructions of the shopkeeper?"

"Sell all the bonds held by Yuanqi and all the circulating stocks, the same is true for my private account." Yi Zhizuo's extremely clear and steady voice came from the microphone.

Huo Qizheng was shocked when he heard this. Yuan Qi held a lot of bonds and stocks. Yi Zhizuo's boss's private account had a huge number of bonds and stocks. Once all of them were sold, it would inevitably suppress the current market. After pondering for a moment, he tentatively said: "Big Manager, should you sell slowly or quickly?"

Of course, he has some special considerations when he asked this question. Slow selling is cashing out, and swinging is suppressing the stock market. Yi Zhizu's answer was very direct, "Slow first and then hurry."

This is to cash out and suppress it. Huo Zhengqi didn't ask much and said respectfully: "I understand."

After Yi Zhizu put down the phone, Yi Zhengxing said in confusion: "Why did my father suppress the stock market?"

After walking back to his seat, Yishi said slowly: "The world is bustling and prosperous, and everyone goes for profit, and capital is even more so. You are good at choosing profits and live, and you are good at flowing from high places to low places to pursue greater profits. The stock index is too high, which is not conducive to international capital's pursuit of profit."

"Where is cashing out?" Zhao Liewen said with some concern: "It's not just increasing capital investment? Now prices have begun to rise..."

"Rising prices are not a bad thing, especially agricultural products." Yi Zhizu smiled and said, "However, the purpose of cashing out is not to add additional investment, but to have other uses."

Seeing that he was unwilling to say it, it was difficult for both of them to ask. Yi Zhengxing changed his mind, "Will there be risks when the amount of international capital he has absorbed is too large?"

"I am worried that we will follow the footsteps of the United States?" Yi Zhizu said disconcertingly: "Don't worry, we are not the United States, and the inflow of international capital... that is Han Xin's order of troops, the more the better."

After a pause, he continued: "To attract international capital, we must not only cool down the stock market, but also open up a larger market. We greet King Gong. After the beginning of the year, we will emulate the example of trading ports to open up Guangdong, Guangxi, Fujian, Zhejiang, Liangjiang and prefectures in the northern provinces and counties to encourage local investment promotion."
Chapter completed!