Volume 9 Prosperity Volume 61 Economic Crisis 6
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Ten days later, the newspaper commented again that the US silver policy did not, as the gentlemen of the Silver Group described, not only could increase China's purchasing power, but also increase the US trade with China; on the contrary, this policy brought China's own economic blood to the goods.
Kemal, who once served as a monetary reform adviser in France, publicly criticized the silver policy and said that he could not understand why the people of the Silver Group strongly opposed the US's monetary austerity policy, but "shewed so many crocodile tears on the Chinese people in poverty" and imposed a monetary austerity policy on China.
Although China put a band-aid on the wound on its torso, it found that its blood had flowed out, and this band-aid was useless!
The "silver economics" of American silver tycoons is very shallow and cannot stand the test of facts. However, the silver policy they formulated has a great impact on the US foreign policy. What is most puzzling here is where their motivation is? Is this a government or an individual behavior?
Bank of China, a very capable bank specializing in foreign exchange business in China, analyzed in its 1910 business report that the extremely high prices in the United States are contrary to the proposition of increasing the purchasing power of the Eastern people by the US senators."
The bank then raised the question: Are these people who advocated that raising the silver price beneficial to China "have made this ideal statement completely ignorant of the position of Chinese silver and China's economic entities? We should not justify this statement to confuse producers and implement the proposition of the silver faction? Or use this to raise the value of China's currency, reduce China's industrial and export trade ability, and increase the ability of American products to produce. Do you bait the American people?"
It cannot be said that the suspicion of the Bank of China is that it has no basis. One reason why silver tycoons advocated raising silver prices was to use it to crack down on Chinese industry and weaken the competition between Chinese industrial products and American commodity areas. Senator Bidmen believes that low silver prices have reduced China's purchasing power, so the Chinese turned to only buy cheap goods from China, which promoted the development of Chinese industry and reduced the sales of American goods in the Chinese market, thus making China the "most destructive competitor in the world market."
Another silver senator Wheeler said that raising silver prices will increase the value of Chinese currency, increase China's industrial costs, and weaken China's commodity competitiveness, thus benefiting American industrialists and farmers. However, these self-interest motives are hidden under the banner of "morality". Bidmen told the special committee of Congress that the United States has a special relationship with the Chinese people, that China is "more friendly to the American people than to the people of any other country in the world", that the United States "is the only country that the Chinese can trust in the world", and that it is the United States' "moral responsibility" to help China at the moment when China needs it most.
Perhaps, helping the Chinese people at any time and helping them reduce the burden on their wallets is what the American people hope to see most. The US government, which is extremely successful in the will of the American people, is even a sheepskin wolf. Even if it covers it up, it cannot cover its evil tail.
The language of these politicians concealed the motives of silver tycoons. But history is not easy to be confused. An American historian who has a deep study on this issue commented: "Silver tycoons acted from the desire to recover the silver industry in the United States. Their arguments about China were selfish and not out of true concern for China's blessings." As for China, the motives of the US were not only questionable, but also in the international environment at that time, compared with the foreign policy of the United States, the sinister intentions of the Americans could be discovered.
After the United States implemented the silver policy, China's economy was greatly affected. Moreover, its international political situation was difficult. Britain and Germany watched the fire from the other side of the river and refused to provide any aid to China. Moreover, Britain vigorously absorbed silver, while Germany showed a certain kindness and refused to trade silver.
Therefore, the impact of the US silver policy on China is not only an economic issue, but also an international political issue. Because of this, China has begun a fierce counterattack against the US silver policy.
June 2, 1911~|What does the country want to do!" The editorial was so fierce and the criticism was so strong that it could be said to be unprecedented
"A part of this general policy is to threaten and dismember China by force while destroying China economically, weakening China's strength to achieve the goal of winning without fighting and forcing China to submit. Not only for profit, but also treating this activity as an effective way to weaken the Chinese government. This is a war, facing the spirit of anger.
We can only rise up to defend our homeland.”
It is true that the US silver policy has prompted China's economy to face a collapse, which is completely in line with the will of the United States. It is in this historical context that the US silver policy is no longer a domestic political issue in the United States, nor is it a problem between the people of China and the United States, but involves the entire Central American country. It is an unavoidable fact that silver has become a tool for the United States to attack China."
This extremely tough editorial immediately caused panic among the United States, dissatisfaction from Britain, and support from Germany. It was during this period that a new group confrontation began, China and Germany began to get close to each other, and several other major countries were forced to be closely linked because they could not invest in the Sino-German group.
Soon, the British Prime Minister issued a statement to defend the US silver policy:
"Simple economic problems are artificially complex to become political issues. As the protector of trade freedom, Britain will not indulge in unreasonable trouble in some countries. Since it is an integral part of the game, don't cry when the game fails, otherwise you will not be qualified to play the game!"
Soon, the Germans began to express their opinions and support the Chinese.
"These games are actually just made by some boring people. He forces all people to participate and then deprives others of their wealth. This is immoral! Therefore, those who are forced to enter the field can completely fight back in other ways. This is just like the relationship between the robber and the robber. If the robber can be innocent of robbers, it is normal for the robbers to be killed, and there is no need to make a fuss!"
Chapter completed!