＜ A line that should not be crossed. (4) >
next day.
The Japanese commander-in-chief declared a cessation of gold convertibility. They abolished the gold standard and declared a floating exchange rate for the yen.
And the yen started going downhill.
The Japanese economy was beginning to sink in earnest.
“Well, in the long run, this is better for Japan.”
Japan Settlement Bank.
I was sitting in the top floor boardroom talking to Sachs. Sax checked the armored wagon’s list of gold assets and responded to my words.
“Detroit director. How can I look at this to say that this is better? The Japanese economy, which declared a floating exchange rate, is on the verge of bankruptcy in real time.”
When the Ministry of Finance abolished the gold standard system, the debt ratio of bailout companies, which had an average debt ratio of 40%, instantly hit an average of 400%.
As the exchange rate between the yen and the dollar plummeted from 2:1 to 20:1, the debt increased tenfold in an instant.
“Instead, didn’t the central bank absorb a large amount of yen? As the central bank continues to suck in the yen, which has been released from the market through austerity measures, the money supply will decrease. The yen will be stable.”
“Isn’t that also a story that requires gold to be established?”
“Gold, are you here?”
tuk tuk.
I tapped the Sachs report with my finger.
“We just ‘borrow’ the gold at a certain interest rate. Of course, we never sell it.”
“…..crazy.”
We can return to the gold standard by lending gold back. Since Japan’s yen currency supply has stabilized, it will recover quickly as soon as the gold standard is restored.
Although we will hold on to the leash of the economy.
“But it’s strange. Why did these guys turn to non-convertible, not the silver standard?”
“It’s simple. They think we have more yen left. What will happen to the creditworthiness of the Japanese economy if we erroneously declare the silver standard and then suspend it again?”
“You can’t recover from a series of fatal wounds. It makes sense.”
Even if it is non-convertible, it will be temporary.
Since we broke the gold standard in one day, they too were embarrassed and did not come up with any countermeasures.
“But I’m lending gold in four months. When the Japanese economy is completely engulfed by the United States. When it’s on the verge of bankruptcy. At that time, I’m going to lend gold. Or there are other hard-line methods.”
Currently, the yen is depreciating sharply as the risk of a maritime blockade rises. At the end of today, the average debt ratio of companies that received bailouts will exceed 600% and look at 1000%.
1000% is a murderous figure that is 10 times the corporate capital.
so that the company does not go bankrupt.
The Japan Settlement Bank has announced a deferral of payment.
Well, it must have been hidden, but it was on the verge of bankruptcy, and soon there was no place for sales to come due to the maritime blockade.
The deficit is only growing.
“If you have dollars, you live, if you don’t, you die.”
Even if you pay it back in dollars, the debt that exceeds 600% is a magic that only keeps increasing.
It is not strange that companies declared default a long time ago.
“As I said before, this is the extent of sucking up the loose yen in the market. The difference is only 10 times bigger.”
“…..this.”
He put his chin down on the report Sax was looking at.
“If the company goes bankrupt like this, it’s not a joke, it’s really going back to the barter era of the Stone Age. What would you do with yen, which is worse than a seashell. Huh, the economy is becoming desert.”
Sax smiled.
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Only one gold convertible was stopped, but Japanese industry was gradually being sucked into Wall Street’s grasp. Japanese industry was clearly the best among the three East Asian countries.
If the US absorbs this industrial capacity, its wealth is unimaginable.
“It’s a three-month training in sea blockade. The Japanese can’t die, so they’ll survive.”
“The deferral can be stopped at any time. If you have debts greater than the value of the company, you will go bankrupt as soon as the deferral goes away.”
At present, the Japanese economy was already on the verge of falling into the hands of the United States.
“There is only one problem.”
widely.
I put down the Coke bottle.
As the Japanese Empire, there was one factor to be concerned about. Factors to be concerned about now that the 5th, 6th, and 7th fleets have not arrived.
“It’s a runaway by the Japanese military.”
I was thinking of the attack on Pearl Harbor that was caused by an oil embargo.
large intestine.
“Instead of Captain Matsugata. It’s a call from the cabinet meeting.”
In the Minister’s Office, Vice Admiral Matsugata was sitting in a chair bruised. The gold standard was stopped. And the average debt of the top 100 Japanese companies was soaring to 400%.
The Japan Settlement Bank was merciful and gave a deferred payment notice, but in effect, they beat them and apply drugs.
The Japanese economy was on the verge of collapse.
Matsugata was afraid.
“So, all these plans, the Tokyo Treaty, the suspension of the gold standard, and everything else is a ploy from that young man named Detroit.”
afraid.
Chairman John Pierpont’s back is also terrifying. But I was afraid of the demonic designer who cooked up Wall Street with his vast capital and eventually brought down the Japanese Empire.
This novel was posted at https://noblemtl.com
Of course, no one told me that the young man planned and executed everything, it was just his guess.
However, Matsugata met him in person yesterday, and realized the sense of incongruity emanated from him.
“That Samuel Sachs was struggling with a young man named Detroit. At the time, I thought he was going behind the scenes and watching, but it was the opposite.”
“Captain, what are you talking about?”
“No, it’s about this side. Don’t worry about it.”
Druck.
Matsugata stood up.
‘If there is a chance to meet that young man next time…’
At that time, the only way to live was to lie down.
Matsugata lost his fighting spirit after that day. He took the hat and coat out of the hangers with a helpless movement.
“Secretary, go to the cabinet meeting. Let me guide you.”
The problem was that the military had not yet come to his senses.
No matter what is said at the cabinet meeting, it must be stopped by any means possible.
Because the best defense Japan could take was not to provoke any more of the Detroit side and the US side.
***
imperial council.
Ministers of various ministries and members of the parliament attended one after another. Emperor Meiji also attended the meeting.
The foreign minister was taken to the hospital, and the deputy minister of foreign affairs attended instead and opened his first ambition.
“A unilateral notice has arrived from the US federal government.”
The atmosphere in the Imperial Assembly was tumultuous.
It was felt by the great generals that the Japanese economy was going downhill in real time, and other ministries had not actually felt it yet.
At best, only the general and the foreign ministry were aware of the urgency of this situation.
“Economic sanctions. The grace period for evacuation of foreign companies is one month. Thereafter, it is a notice that a maritime blockade will be implemented throughout the seas of Japan for three months. And…”
The foreign minister hesitated.
“There is no negotiation with the rogues who harmed the citizens of their country.”
Cold water poured over the noisy imperial council.
Emperor Meiji continued to watch the progress of the meeting with an unknown face, and Prime Minister Yamagata was calming his anger while watching the Emperor’s eyes.
The foreign minister opened his mouth.
“Yesterday there was a message from the Ministry of Foreign Affairs. The reason why the United States is coming out so hard. The reason is that the person the army officer harmed was not a civilian, but one of America’s most important figures.”
John Pierpont Morgan’s sole successor.
Advisor to the Ministry of War and the Ministry of the Navy.
And the de facto chairman of the central bank.
A person who is the American credit law itself.
“It looks like you’ve touched the vice.”
“What kind of repulsion!!!”
bang-!
Army Minister Katsura got excited and smashed the desk.
“Blockdown? John Pierpont Morgan? Central Bank? How long do we have to be dragged around by demons!!!!”
As Katsura roared, the eyes of the Imperial Diet shifted to him.
Katsura became increasingly elevated.
“One-sided advice? Is our Japanese Empire that weak and that lack of capability? After the Otsu Incident, even the imperial Russia has grown into a country with enough power to rival that of the Far East!!! It is an axis of a great power!!! Why should we be afraid of the ghostly beauty that is as invisible as dust in the Pacific Ocean?”
Katsura’s arm swung.
There are too many cowards in this imperial council. The military power of the Japanese Empire was strong enough to devour Joseon, and it had long since colonized Taiwan.
Both Hokkaido and Ryukyu were great results of the Japanese Empire, and their military power never faltered.
Admiral Yamamoto, who was listening quietly, also sympathized with him.
He was not very reluctant to cooperate with the army, but he was much better than the cowards such as the commander-in-chief and the foreign minister.
“As Katsura said, this is a great opportunity!!!”
“chance?”
The silent Emperor Meiji’s gaze focused on him. Yamamoto nodded. He had some reasonable countermeasures in place.
“Yes, the one-month grace period was actually just a wrap on the period until the US fleet came to the Japanese Empire. Currently, there is only one US Fleet stationed in the Japanese Empire.”
Closer to British Hong Kong.
However, if you think about the fact that it takes a week to get here from there, it means that there is only one fleet in the Japanese Empire for a week.
The British Hong Kong fleet did not care.
“The combined fleet of the Japanese Empire can withstand at least two of the U.S. 1st Fleet-class with ease. Construction of the Shikishima-class will soon be completed at the British shipyard. no see.”
sup.
Admiral Yamamoto took a deep breath.
“First!!! Admiral Dewey, who is said to be a legend in the US Navy, is riding in the US 1st Fleet. There is no doubt that he will be in a high position in the Pacific Command. If the 1st Fleet he is in receives damage equivalent to destruction, he will be temporarily bitten. .”
Military members of the Imperial Assembly pulled up their upper body.
“Second!!! No matter how many times the US fleet is mobilized, it is estimated that there are four fleets. It is likely to block the four bases of Yokozuka, Sasebo, Kure, and Maizuru. Then, the fleet in charge of Yokozuka is the 1st Fleet. It is highly probable and if only this 1st Fleet can be neutralized, the encirclement for the naval blockade against Japan will be broken.”
it makes sense
The members of the Imperial Diet thought so. Most of the members of the legislature were from the military.
“The great Mongol army also went to the brink of engulfing Europe, but did they not return after the death of the great Khan!!! They will surely return if their admiral, Admiral Dewey, is incapacitated!!! A daimyo or shogun in past history! Think back to when he died!”
He drooled and performed.
“It is also true of our original foreign policy of armaments, the colonial policy!!! Eliminate the enemy’s headquarters and make a hole in the enemy’s encirclement. If you see this golden opportunity, will you stand still!!!”
bang-!
is being elevated
The eyes of the military veterans of the Imperial Diet began to glow dangerously.
“The Pacific Ocean is vast! It’s not even the size that a single navy can submerge! It’s good to see that even if a single fleet is harpooned, it will stumble. Will they be able to pull out an infinite number of warships?”
Japanese imperialism.
It was in colonial policy and expansion.
Amid the scorching heat, Captain Matsugata quietly raised his hand.
There was already hope and even the energy of liberation sitting on his face.
But once I asked a question.
“Then the economy of the Japanese Empire will go to hell, what are you going to do about it?”
“Economics are no problem.”
“…..Is that so.”
“In order to escape the influence of the Great Britain and the United States and gain imperialistic hegemony, the policy of military expansion and expansion is necessary. And this can bring about a special warfare.”
“War Special…”
Admiral Matsugata listened quietly to the words of the Minister of the Navy, who for some reason said nothing.
“The military industry is the decision and the essence of heavy industry! You say that the ghosts have abandoned us? If you get technology from the German Empire and see the special warfare, we might be able to survive!”
“Well.”
Yeah, I’m not thinking at all.
Matsugata gestured as if to continue. The Minister of the Navy, excited about it, vomited a passionate performance.
“The work that has been done in Joseon so far is still alive, and the only golden opportunity for us to go to imperialism is right in front of us. Russia is also not struggling right now. Qing dynasty, you bastard! If we can go out, all the resources and colonies must be able to give glory to the Japanese Empire!!!”
There is a point.
Admiral Matsugata thought so, and he quietly nodded to see if Emperor Meiji agreed.
However.
That only makes sense when there is only a military option. Now was not the time to use a military option.
Matsugata was skeptical.
“Did you know that America’s industrial power is crazy? It’s a country with the infrastructure, technology, and money to shoot warships, can you afford it? What are you going to do after the war?”
“You are a coward! Do you still understand that the person who established the gold standard with gold from the Sino-Japanese War is such a defeatist? War becomes money! The loser in East Asia is our Japanese Empire. It’s not like Youngmi, it’s just this!!!”
Matsugata sighed.
misunderstood for a while. These guys had no idea. Even a few months ago, I was ashamed to think that I would have been like that myself.
Matsugata muttered to himself that he had to go home and get a knife to take away.
“What is the debt owed to the Japan Settlement Bank?”
“Can’t we nationalize everything! Or are we negotiating with the United States as a hostage? The Army guys are very rude, but they can’t even take over just one bank? Shio!”
bang!
Prime Minister Yamamoto roared.
“The rise and fall of the empire depends on this opportunity!”
***
that time.
US Department of War.
“Captain MacArthur. Congratulations on your promotion.”
“thank you.”
chuck.
Captain Arthur MacArthur saluted.
The American-Spanish War ended
When the Cuban Expeditionary Force began to return to the United States, a ceremony for awarding the military service and promotion were taking place.
Unfortunately, President McKinley was unable to participate due to the urgent international situation.
Secretary of War Roosevelt replaced it.
“Colonel Pershing. Congratulations on your promotion.”
“thank you.”
chuck.
John Joseph Pershing also saluted.
The award ceremony and promotion ceremony quickly ended with medals and badges of rank given to a few subjects.
The whole of the Philippines was still at war, and the situation in Japan turned horribly.
After the ceremony, Roosevelt captured MacArthur and Pershing.
“In this Cuban expedition, Captain MacArthur and Colonel Pershing’s praises are high. Your dedication will be remembered by me and the United States.”
The two officers saluted at the sudden praise of War Minister Roosevelt.
“No. I’m just happy to be dedicated to the country.”
“Uh, so that’s it.”
Roosevelt sneaked up and gathered MacArthur and Pershing.
The two officers approached Roosevelt with questions.
Roosevelt whispered to them.
“Have you both heard of Japan’s naval blockade?”
MacArthur and Pershing looked at each other.
“Yes, I heard.”
“By the way, the Ministry of War is planning to send the Army’s troop transport ship to Japan through the California Naval Base, just in case.”
“…!!!”
“Maybe it will be the Japanese expedition. But the war hasn’t started yet, so let’s use the name of the expedition only for ourselves.”
“Are you still?”
“Of course, if the Japs are still awake after touching our side, we have to set an example. Wouldn’t it be 200,000 people to play when the Philippine campaign is over? The troops will be replenished soon.”
“I know what you mean.”
profit.
Roosevelt lit a cigar.
He glanced at Pershing for a moment, then shifted his gaze back to MacArthur.
MacArthur and Roosevelt met their eyes for a moment.
“MacArthur as the commander of the expedition. I want to leave it to you.”
＜ A line that should not be crossed. (4) > end
