In the early 1950s, in order to maintain his reactionary rule in Taiwan, Chiang Kai-shek did not hesitate to sell his dignity and hugged the United States tightly.
In order to make the pseudo-regime survive in the international community, Chiang Kai-shek's beloved wife Soong Mei-ling went to the United States to carry out diplomatic activities. In order to gain a little international status, gain more US aid, and contribute to the great dream of the Chiang Dynasty's counterattack on the mainland.
During the fight between Soong Mei-ling from the American continent and Truman Truman , the former head of the Chiang puppet regime who had settled in the United States, Kong Xiangxi, the brother-in-law of Soong Mei-ling, provided $30 million in activity funds for the "first lady" who came from afar.
This money was used by Soong Mei-ling to make friends with all the political leaders and members of Congress in the United States, and thus put pressure on the Truman government through their hands.
When Truman learned that Soong Mei-ling's activity funding was sponsored by Kong Xiangxi, the rude politician jumped and cursed: "They are all robbers. These guys made a fortune from the aid we gave to Chiang Kai-shek. They are Chinese traitors, and now they have moved to our country to be parasites."
Immediately, he ordered the FBI to investigate the source and quantity of Kong Xiangxi's property.
So how much money does Kong Xiangxi have in the United States? How did he transfer these huge amounts of money to the United States and save it? What is the result of Truman's investigation of Kong Xiangxi?
US debt case that caused a sensation at home and abroad
Kong Xiangxi was born in Taigu County, Shanxi Province in 1880. His ancestral home is Qufu, Shandong. After claiming to be Kuzi , he claimed to be a loyal believer of Mr. Sun Yat-sen.
After Chiang Kai-shek and Soong Mei-ling got married, Kong Xiangxi officially became Chiang Kai-shek's brother-in-law. With such a layer of kinship, he was originally not so prominent within the Kuomintang and became a core figure in the party.
In the officialdom of the state at that time, there was a saying: "Only Soong Mei-ling's disease can be cured by the disease; only Kong Xiangxi can cure the disease; but no one can cure the disease of Kong's disease."
What is "Kong's disease"? In fact, it is Kong Xiangxi and his family's corruption skills. In 1942, China's War of Resistance Against Japanese Aggression entered the most difficult stage.
At this time, currency, prices and military expenditure are like three wild horses that have run away from power, chasing them in circles and frantically, and the national economy is on the verge of collapse. Due to years of war, most areas with relatively developed economic and industrial levels fell into the hands of the Japanese invaders, resulting in the failure of the National Government to make ends meet and extremely scarce supplies. The people in the Kuomintang-controlled areas lived in dire straits.
In order to save the national economy that was on the verge of collapse, Chiang Kai-shek sent people to the United States to negotiate loans with the Roosevelt government. At that time, the United States had declared war on Japan, and China urgently needed to restrain more Japanese troops to reduce the pressure on the US military on Pacific battlefield .
Therefore, in response to Chiang Kai-shek's government's request for help, Roosevelt readily agreed and decided to provide him with a loan of $500 million to help the Chinese government and the people reduce the economic and financial burden caused by armed invasion.
When the news of the $500 million loan reached China, all Chinese people were "deeply relieved" because the loan was almost unconditional, unsecured, indefinitely, and interest-free, which was simply a timely help.
To this end, financial experts from all over the country held a symposium in Chongqing to discuss how to properly use the loan. After several days of discussion, this group of experts gave an extremely rigorous plan.
is specifically: issuing financial public bonds ; promoting foreign currency deposits; restoring unlimited buying and selling of foreign exchange; at the same time, introducing US dollars, using foreign exchange to rush to buy materials from the occupied areas, and purchasing military and civilian production equipment to achieve wartime economic development.
In short, the Chinese people hope that the government can use this money effectively and cannot think that everything is rich and everything is so easy to waste.
Unfortunately, the expectations of the Chinese people have become a waste of state affairs in the eyes of Chiang Kai-shek and others, and the plans of financial experts are regarded as a piece of waste paper by senior officials living in the temple.
Finally, Chiang Kai-shek handed over the full use of the aid funds to Kong Xiangxi, and he immediately took office and started his own corruption plan.
Under Kong Xiangxi's coordination, the donation of 500 million US dollars was divided into several parts, of which only 25 million US dollars were used to purchase wartime materials, and the remaining loans were used to issue bonds and purchase gold.
In fact, whether buying gold or issuing bonds, it is of no use to the current overall anti-Japanese situation. However, these two things are the means by the Kuomintang to plunder people's fat and paste, and are also the main ways for the capital expansion of the four major families of Jiang, Song, Kong and Chen.
According to records, in the ten years from 1927 to 1937 alone, the National Government had issued dozens of public bonds, with a total amount of an astonishing amount of 2.6 billion yuan. Most of these public bonds were issued at a 50% discount, and the bank underwritten , bringing extremely high profits to the bank.
At that time, most domestic banks were private banks controlled by Song Ziwen and Kong Xiangxi. The more public bonds were issued, the faster the bureaucratic capital expanded, the more valuable the banknotes in the hands of the people became, the more difficult the situation would be, and the trust in the national government would naturally decrease.
When the people learned that Kong Xiangxi was going to issue public debts with life-saving aid funds, they were dissatisfied, but Kong Xiangxi ignored this and just made money!
On March 26, 1942, Kong Xiangxi ordered that the "USD Saving National Savings Coupon" be opened by financial institutions such as Central Bank , Bank of China , Bank of Communications, Agricultural Bank of China and other financial institutions to open US$100 for US$5. The depositors purchased it in legal currency. The denomination amount is divided into one, two years, and three years on a regular basis, and compound interest is once every 6 months.
In April, US dollar savings coupons were issued across the country. After several years of war, it was no easy task for ordinary people to maintain food and clothing. In addition, the previous few subscriptions to public bonds have exhausted their financial resources, so they are no longer able to buy the so-called savings coupons.
In the end, most of these savings bonds fell into the hands of dignitaries, and Kong Xiangxi and his subordinates even directly took the bonds that were not sold for themselves. According to incomplete statistics, nearly $100 million of bonds fell into Kong Xiangxi's purse.
But there will be rain when the sky is crazy, and there will be misfortune when the person is crazy. In the end, the paper cannot contain fire. Due to Kong Xiangxi's arbitrary acts, news of his corrupt aid funds quickly reached Washington. After learning about this, Roosevelt immediately called Chiang Kai-shek and asked him to remove the poorly-reputed Finance Minister.
Because the National Government was very dependent on the United States at that time, it had almost reached the point of obedience. Therefore, due to Roosevelt's power, Chiang Kai-shek was unable to do so! So in November 1944, Kong Xiangxi announced his resignation as Minister of Finance.
Although Kong Xiangxi no longer serves as the Minister of Finance, this kind of punishment is a temporary measure for him to retreat to advance and punish himself for two cups. In his opinion, as long as Chiang Kai-shek does not fall, his comeback is just around the corner!
However, Kong Xiangxi's comeback journey was not as smooth as expected, because Cheng Yaojin was killed halfway, and this "Cheng Yaojin" was no one else, but historian Fu Sinian known as "Fu Dapao".
Although Fu Sinian was a literati, he was as jealous as a enemy and was Kong Xiangxi's mortal enemy. On the eve of the victory of the Anti-Japanese War , two young people working in the Treasury Bureau found Fu Sinian. They claimed to have evidence of Kong Xiangxi's corruption and hoped that Fu Sinian could come forward and defeat the big tiger in one fell swoop at the upcoming National Political Meeting.
So at 5 pm on July 20, 1945, at the closing ceremony of the National Political Consultative Conference, Fu Sinian, who obtained the evidence, fired a fierce "cannonball" to Kong Xiangxi.
He submitted a written report to the presidium of the conference, which was read by Deputy Secretary-General Lei Zhen at the meeting. The report was like a sharp blade, tearing apart Kong Xiangxi's veil of hypocrisy.
Fu Sinian's written report made the audience angry, and the voices of severe punishment of Kong Xiangxi were heard.
But even though Kong Xiangxi was already infamous at this time and everyone at home and abroad called for a blow, Chiang Kai-shek still wanted to protect the hole. After the Political Conference closed, he specially invited Fu Sinian to have a banquet.During the meal, Chiang Kai-shek took advantage of the drunkenness and asked Fu Sinian whether he trusted him.
Fu Sinian does not agree with this issue. Then Chiang Kai-shek said, "Since Mr. Fu trusts me, he should trust the people I use."
Unexpectedly, this sentence directly ignited Fu Sinian's powder keg. He stood up and replied, "I trust Chairman. As for the person you trust because you trust, you should trust the person you appointed. You can't say that if you cut off my head."
Chapter 0 At this point, no matter how Chiang Kai-shek excused it, it would be useless. So he could only let Kong Xiangxi resign from all public offices of real power, and the punishment for him was only at the level of admonition.
A major corruption case in which a whale swallowed state property was not punished. Kong Xiangxi, who left the government position, used his influence to continue to engage in speculative activities.
During the Civil War between the Kuomintang and the Communist Party, his son Kong Lingkan made a reselling US dollars, cars, and steel, raising prices of daily necessities and grain, and disrupting the market economic order. It is a pity.
1948 Jiang Ching-kuo was ordered to go to Shanghai to fight tigers and investigate the case of Kong family. But as the first lady, Soong Mei-ling tried her best to protect her nephew.
Under the pressure of his wife, Chiang Kai-shek directly removed the case of Yangzi Company, and Chiang Ching-kuo's fight against tigers and ended in failure. The last action of the Kuomintang to win back the people's hearts went bankrupt.
cleverly conceals the family's fortunes. The traitors ended well.
. Shortly after Chiang Ching-kuo's campaign to fight the tiger, Kong Xiangxi moved to the United States with a large amount of US dollars and gold, invested in real estate locally, and made a fortune with a strong capital.
In addition, he also "concerned" about his brother-in-law Chiang Kai-shek who fled Taiwan. During Soong Mei-ling's visit to the United States, Kong Xiangxi's dollar helped her a lot, bribed many parliamentarians and political leaders, and asked them to help the Chiang Kai-shek government speak in parliament, put pressure on the Truman government, and make more "bad money".
Truman was extremely dissatisfied with the Chiang Kai-shek government. When he learned that Kong Xiangxi and Soong Mei-ling were engaged in political speculation in the United States, Truman was extremely angry and ordered the intelligence department to investigate the source of Kong Xiangxi's property.
Soon, the FBI handed a report to White House : In 1943, Mrs. Kong Xiangxi's wife Song Ailing 's deposit in the United States had reached 80 million US dollars. You should know that this is just a number ten years ago. In recent years, Kong Xiangxi has invested in various parts of the United States, and his property should be far beyond this number.
According to relevant data provided by people familiar with the matter, Kong Xiangxi's total property in the United States should have exceeded one billion US dollars.
In that era, one billion US dollars was enough to arm a super force on the battlefield. I don’t know how much aid the United States has fallen into his pocket.
After seeing the report, the Truman Qi smoked in his seven orifices, and he was eager to swallow Kong Xiangxi alive. But perhaps it was anger that broke his mind. Such a secret matter was actually taken to the table by Truman!
In fact, after Kong Xiangxi moved to the United States, he had always been sensitive to political sense and worried that someone would settle accounts with him later. Therefore, during Soong Mei-ling's frequent visits to the United States, Kong Xiangxi used this to become friends with many senior US government officials.
. After hearing Truman's curse on Kong Xiangxi, these people immediately informed him. Kong Xiangxi, who received the news, became alert and asked his children to act low-key outside, and also launched an anti-investigation work to protect their secret property.
In the end, because Kong Xiangxi's actions were timely, Truman did not obtain direct evidence of his embezzlement of US aid to China, and Kong Xiangxi's corruption crimes during the War of Resistance Against Japan were all pushed down by him and he chose to clean himself.
Truman, who could not find the evidence, had no choice but to find another way and try to force Kong Xiangxi to show his strength. He instructed American newspapers to publish an article that disclosed Kong Xiangxi's property, which immediately attracted the attention of all parties.
As soon as Kong Xiangxi went out, reporters from various media came up with their spears and cannons. In the face of media inquiries, Kong Xiangxi couldn't say a word for a long time, and scolded Truman for not being virtuous and let the media participate in this muddy water.
It’s over, and Kong Xiangxi understands that he can’t continue to pretend to be dead anymore. He is harassed by the media every day. Anyone will be nervous. In the end, he will be exposed and then he will be Truman’s words?
So Kong Xiangxi decided to remove the firewood from the bottom of the pot and took the initiative. One night shortly after the article was published, Kong Xiangxi hosted an American friend at his residence.
During the meal, Kong Xiangxi found a senator and entrusted him and the US-China Cultural Exchange Association to formulate a property disclosure material, and the other party happily agreed. Soon after, the U.S. Senate Foreign Affairs Committee and the Treasury Department released a material on Chinese assets in the United States.
In this material, the Ministry of Finance claims that the total deposits of Chinese people in the United States will not exceed US$50 million, and the largest depositor is only about US$1 million, and among these depositors, they are basically immigrants of more than two generations.
There is no doubt that this material directly proves Kong Xiangxi's "innocence". After the materials were made public, Kong Xiangxi immediately organized a massive press conference on Wall Street .
At the press conference, Kong Xiangxi held the material proving his innocent in both hands and distributed a copy to all the reporters present, hoping that these journalists with a "sense of justice" would quickly refute the rumors for themselves.
In addition, he also turned this press conference into his own complaint performance. Facing the reporter's long spear and short cannon, Kong Xiangxi forced a few tears to come.
cried and said, "My ancestors operated business in China. They were the richest man in Shanxi. They had some property. Later, I invested all my property in developing China's industry and commerce. As the mainland fell into the hands of the Communist Party, these property naturally fell into their hands."
When talking about the emotions, Kong Xiangxi took out his handkerchief and wiped his eyes pretending to behave: "Now I can only rely on the little savings I saved during my work for the National Government and the assistance of my friends to survive in the United States."
Then, he held up the material and delivered an passionate speech, thanking the US government for giving him a clean heart.
This press conference directly reversed Kong Xiangxi's reputation. Media from all walks of life competed to publish special reports: "Dr. Kong lost his mainland property and lived a difficult life after coming to the United States." No one paid attention to Kong Xiangxi's property issues anymore. The original haze was swept away, and Kong Mansion was filled with laughter from the aftermath.
Conclusion
In 1967, the Kuomintang chaebol Kong Xiangxi died of a heart attack in New York. As a representative of bureaucratic capitalists in the Republic of China, Kong Xiangxi used his power to seize a large amount of assets through finance and market manipulation, lying on the state machine to suck blood freely, and was a veritable parasite.
He is a standard refined egoist. He only considers his own interests and ignores the country and nation. The top leaders of the Kuomintang also cover him up. In the end, the people's hearts were completely lost and fled to Taiwan. This is a cycle of nature and retribution is unhappy.
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