New Ming Empire mixed in America

In fact, capitalists are not as idiots as people think, at least not among the current California capitalists.

The major shareholders behind these banks have never thought of exchanging old banknotes of equal value for real banknotes in the hands of citizens.

However, firstly, a large amount of money will be lost, and secondly, because a certain Head of State Li, who does not want to be named, initiated a 50% discount for new banknotes.

In other words, you can exchange old five-dollar bills for new ten-dollar bills here in Xinming Empire, and then take the new bills to the bank to exchange them for old bills of equal value.

In this kind of economic war that harms others rather than self-interest, bankers who are still in a new state have no choice but to announce that they will abandon banknotes and switch to metal currency.

But this was still of little use, because the number of Spanish gold coins at this time was relatively small, and the residents could not use such a large amount of currency.

As a result, silver coins also produced in Spain became even more popular.

However, after the Xinming Empire launched the new crown coin made of stainless steel (pure game currency), Spanish silver coins began to depreciate.

Because both the exquisite appearance and the almost identical specifications of each coin make the new crown coins much more valuable than Spanish silver coins.

This kind of coin is not only made of materials that will not rust, but the value of the new crown coin in the East or Europe is much greater than that on the West Coast.

Therefore, the Xinming Empire’s aluminum crown coins and stainless steel new crown coins were unrivaled in the West Coast currency circle for a while.

The method of distinguishing these two currencies is also very simple, and you can tell it at a glance from their appearance.

Therefore, after the Xinming Empire opened the exchange of gold and silver coins for crown coins, it can be said that half of the money market in California was controlled by Li Mingqi.

This has nothing to do with the level of economic means, it is purely based on people's nature of being greedy for petty gains.

Crown coins are worth more on the East Coast or Europe than on the West Coast, and this alone puts these currencies in an undefeated position.

Just when California was caught in a currency war, news of the 9th Infantry Regiment's disastrous defeat finally reached California.

Sacramento, the capital of California.

Governor John Downey, who now barely manages California affairs due to the North-South conflict, convened a conference on the independence of Los Angeles.

Most of the congressmen present this time were Republican congressmen representing the North, while most of the Democratic congressmen were idle because of Lincoln's coming to power.

"I think militias from all over California should be called immediately to assemble in Los Angeles and strive to eliminate these Orientals as soon as possible!"

A congressman backed by a banker spoke first.

He stood up and looked around at the other members of the parliament, especially when his eyes fell on those representing factory owners, he would always pause for a moment.

Then he continued: "Today we allow those Easterners to become independent, so who can guarantee that the Irish will not become independent tomorrow?"

"Congressman Will, please wait a moment, let me say something." Just as the congressman was impassioned, a tall congressman stood next to him and interrupted his narration.

"Those Irish people have been organized and sent to Kansas to join the army, so what you said is not true."

"Those Orientals have taken over Los Angeles. I think it's not us who should be nervous, but the Mexicans."

"They will not allow anyone to threaten their Baja California, especially some Easterners."

(For those who don’t know the location, please look at the picture)

"Also, do you know how many factories in California now rely on purchases from Los Angeles? If you insist on asking for war, then I don't think the workers in California will agree."

After the tall and sturdy congressman finished speaking, he immediately aroused applause and cheers from some congressmen in the venue.

What this congressman said is correct. Most of the orders for California factories in the economic crisis now come from the Xinming Empire, ranging from timber to seafood, from stone to iron ore.

Even the grain business, which almost no one cares about now, is included in the large-scale purchase orders in Los Angeles.

If the Orientals in Los Angeles had become independent earlier, the grain merchants of a few years ago would not have gone bankrupt in large numbers.

What's more, those refinery owners who have just emerged and found that the market is saturated and about to go bankrupt are now shouting long live President Li while selling the 'waste' left over from refining kerosene to President Li.

Even arms dealers are busy selling raw materials to President Li to make money. How can the remaining people agree to launch a war against Los Angeles?

Therefore, the biggest enemy of capital is always capital, and the biggest enemy of bankers is industrialists.

With the governor's deliberate indulgence, members of the two parties who disliked each other began to quarrel with each other, and in the end they went from spitting at each other to throwing the soles of each other's shoes.

The last meeting on Los Angeles independence ended with a big fight among the lawmakers in the venue.

The subsequent convenings of the Congress had similar results, so the bill on how to deal with the independence of the Orientals in Los Angeles was shelved indefinitely.

In fact, if the location of the Xinming Empire were replaced by San Francisco, it is estimated that this meeting would not need to be held, and the war could begin directly.

But if you change it to Los Angeles, a remote corner that doesn't even appear on the map of California, the results can be imagined.

Our great republic of California is rich all over the world, but what’s the point of being a tiny place like Los Angeles?

So on December 1, 1860, Cui Jianguo (deputy), the temporary diplomat representing the Xinming Empire, the manager of the San Francisco Hotel of the Xinming Empire and the Duke of Wei of the Xinming Empire;

As well as temporary deputy diplomat, General Manager of Xinming Empire Immigration Company and Minister of Foreign Affairs Barton (right), came to Sacramento.

"What? Five million dollars?" Patton's voice rose a full octave.

"You only spent 15 million US dollars to purchase the entire California and New Mexico area. Now it's just a small Los Angeles, and you actually want to sell it for 5 million US dollars?"

Patton pointed to the land on the map that later included Los Angeles, San Diego and Salton Lake, and shouted loudly (pictured)

Cui Jianguo, who was sitting next to him, half-closed his eyes and remained silent.

The former regent, who was named Jianguo because he followed Li Mingqi's father to form the original Ming Dynasty, was currently thinking about how to run his own Xinming Hotel.

That's right, the hotel where His Majesty Li Mingqi once stayed has been given to Cui Jianguo, Duke of Wei, as his fief.

"You must know the value of Los Angeles now, so five million dollars can't be less."

The speaker was Mr. Stanford, who has been identified as the next candidate for California governor.

He stared at Barton indifferently, with an expression that made Barton want to go up and punch him twice.

Stanford did do this on purpose, because he wanted the Orientals in California and Los Angeles to have trouble.

It would be best if the two representatives who came this time died in Sacramento, so that there would be no room for reconciliation between the two parties.

As for the soldiers of the 9th Infantry Regiment who died in Los Angeles?

If it weren't for those damn guys, how could the current situation be like this? Those people should all go to hell! (The voice of all California capitalists...)