Reviewer's note
To Korean readers
introduction

Chapter 1: The Fall of the Financial High Frontier
The Rise of the Financial High Frontier | Hunting for Ho Seol-am | The Organization Behind Ho Seol-am's Elimination, the Dongting Mountain Group | The Opium Trade: The Battle Between the Gold and Silver Standards | The Banking Family's Empire, the East India Company | The Rothschilds of the East, the Sassoons | The Hong Kong and Shanghai Banks: Pulling Out the Stone | Why Did China's Pyoho and Battlefield Fail to Develop into a Global Financial Empire? | Yang Mae-pan, China's Special Force

Chapter 2: The Meiji Restoration and the Self-Strengthening Movement
The Restoration of the Monarchy and the Rise of Money | Inoue Kaoru, a Financial Contributor to Japan's Founding | Inoue Kaoru Becomes Mitsui's Chief Advisor | Japan Dominates the High Frontier of Financial Power | Why the Meiji Restoration Did Not Rely on Foreign Capital | The Yen Credit Defense War | The Meiji Restoration vs. the Self-Strengthening Movement | Han Ya-pyeong Drinks the Poison of Finance | A Change of Fortune

Chapter 3: The April 12 Coup and Chiang Kai-shek's "Surrender Document"
Why Chiang Kai-shek Hesitant to Enter Shanghai and Nanjing | The Northern Expedition, Started with 30 Million Rubles | Chiang Kai-shek Gains a Bigger Backer | The Story Behind Wei Chaqing and Chiang Kai-shek | The Financial Powers Behind the April 12th Coup | Chiang Kai-shek's 'Refinancing' | The Capital Restructuring Behind the 'Anglo-Korean Joint Venture' | A Chaebol Board of Directors Fires an Unruly CEO | Chiang Kai-shek Lists on the Over-the-Counter Market

Chapter 4 Red Central Bank
Mao Zemin's financial siege | The Paris Commune starved to death next to a rice chest | A gun in one hand, a purse in the other | The China Soviet State Bank, the world's smallest central bank | The birth of red currency | Currency of the people, for the people | Special trade zones and Soviet central enterprises | The purse supports the gun | The Melta Central Bank and the Red Army currency of the 13th | The legend of red currency

Chapter 5: Chiang Kai-shek's Money-Powered World
Chiang Kai-shek, short of funds to suppress the Red Army, resorts to violence against Song Ziwen | Central Bank vs. Bank of China | Gaining unfair profits through central bank reform | The struggle for power between government-owned and privately-owned stocks | Chiang Kai-shek's financial dominance: 'Abolishing the Liang Opening' and 'Four Actions and Two States' | Selling soft-shelled turtles! | The first Sino-American currency war: The silver export boom | The fiat currency reform that sparked the Japanese invasion | The US, 'the one who flies above the one who runs'

Chapter 6 Imperial Power and Money Power
The zaibatsu fell prey to the emperor's scheme | A secret meeting held at the residence of Marquis Kido Koichi | The Taisho Coup and the fall of imperial power | The emperor plots to restore imperial power | The Mitsui zaibatsu, which challenged the emperor's power, falls into a dollar speculation trap | The "phony war" launched by Japan: the January 28th Songho Uprising | A nation of assassins | Imperial power triumphs over money power

Chapter 7: The Broken Dream in Geumneung
Death of a Banker | China's Second Central Bank: The Foreign Exchange Equalization Fund | Kong Xiangxi's Windfall | Communists Infiltrating the Nationalist Government's Financial System | The Fall of Fiat Money Caused by Foreign Exchange Liberalization | The Last Struggle of the Gold Standard | Why Chiang Kai-shek Lost the Currency War

Chapter 8: The Birth of the Renminbi
The "God of Wealth" of the Biangu | The Struggling Resurrection of the Biangu Currency | Shandong Base Issues Price-Based Beihai Currency | Strategic Materials and the Trade War | The Renminbi's Outstanding Advantages | The Silver War | The Cotton War | The Renminbi: A Currency Serving the People

Chapter 9: Financial High Frontiers and the Internationalization of the Renminbi
Currency Wars: History Repeats Itself | The Renminbi in Trouble | The Renminbi's Unconventional Choice: The Broad Price Standard | The Characteristics of a Good Currency | Incompetent Creditors vs. Insolent Debtors | The 'Routers' of Financial Networks: Payment Centers | The Renminbi's Global Financial Network | The Hidden Dangers of the Financial High Frontier's Infrastructure | The Advent of the Warring States Period of Currency

Chapter 10: The Glory and Dreams of Silver
At 2:00 PM on September 18, 2008, the global financial system completely collapsed! | Silver, becoming the world's first currency | Can the dollar truly hold its value? | The Federal Reserve's clever plan that sent gold prices soaring | The ultra-stable exchange rate between gold and silver is 1 to 16 | Silver, shouldering the roles of both monetary and industrial metals | Applications in new energy | 25.9 billion RFID chips using silver in 2017 | 2,400 tons of silver to be used annually in the US timber protection sector | Clothing applications that will need silver most | The fate of silver, whose price continues to be suppressed by conspiracies | The silver market is a game of stopping 100 bottles with one stopper | Investigating silver price manipulation | The silver market on the brink of a massive bank run | The silver war

Reviews
Translator's Note
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“Finance capital is more powerful than the navy of an armed empire!”
A masterpiece analyzing currency fluctuations and the rise and fall of nations.

In this book, the author unravels modern Chinese history from a financial perspective.
It is clear that the fall of the Qing Dynasty began in the financial sphere, not in the military.

“The most important strategic goal of the opium trade was to completely destroy China’s monetary system.
And the City of London led the formulation and implementation of this strategy.
The Opium War was essentially a strategic battle between the British gold standard and the Chinese silver standard.”

As seen in these words, Song Hongbing judged that if China lost control of the financial high frontier, it would gradually lose its right to determine trade prices, the right to determine the phase of industrial self-development, the government's right to collect finances and taxes, and the right to spend in the military and national defense sectors.
It is an analysis that China will inevitably become a scapegoat for Western powers sooner or later.
Ultimately, the cause of the Qing Dynasty's downfall was the collapse of the financial high frontier.
In contrast, Japan claims that it was different.
The success of the Meiji Restoration has led to a comparative analysis that the Western powers had no way to capture Japan's financial high frontier.
The author explains China's nearly 100-year history from a financial perspective, stating that those who controlled the financial high frontier were able to achieve enormous strategic advantages, but that China's failure to do so led to the collapse of the regime.

The future global currency war will inevitably lead to the consolidation and strengthening of the financial high frontier.
The argument is that the financial high frontier will become the main battleground where major powers will play their game.
Therefore, for China, the day the yuan is allowed to go international will be the day it establishes its financial high frontier globally.
Anywhere in the world where the yuan emerges is a new frontier for China's financial high frontier.
As the yuan circulates in more areas, the scope of China's national interests will inevitably expand.
The fight for national interests in the future will primarily be concretized as a fight for monetary interests.

“The price of silver and gold will soar!”
Prophecies that came true

Silver is used synonymously with money in over 50 languages.
Silver was once used as a major currency in many countries around the world.
From the Opium Wars to the end of the Qing Dynasty, China, which fought and lost for over 50 years, signed over 1,000 unequal treaties.
The total compensation amount alone reached 1 billion nyang of silver.
Why didn't Westerners, who consistently favored gold currency, initially seek to plunder China's gold? Why was opium sold far away in China, rather than in India, Africa, or the Americas? Song Hongbing asserted, "This is because the Opium War was planned solely for China."

Song Hongbing also maintains a clear stance on the potential fallout if the US continues to implement quantitative easing and ultimately fails.
The position is that the price of gold will continue to rise.
In his view, the future price of gold actually has a lot of room to rise.
In conclusion, he believes that we should continue to pay attention to the investment potential of gold.
It is also likely that silver's significant investment value will gradually become a reality.

He said, “The world’s currencies are trying to return to the gold standard.
It seems unlikely that the claim that “even if the price of gold rises to $10,000 per ounce, this is a fairly conservative figure” is just an exaggeration.
He is not unaware that the fundamental problem with the American economy is that its debt ratio is too high.
In fact, the pace of debt growth in the United States is much faster than GDP growth.
Moreover, the engine of sustainable development is fundamentally based on a strategy of increasing asset value through low-cost debt of other countries.
The core of this model is that asset prices should increase indefinitely.
But ultimately, as your debt increases, your liquidity will inevitably crack.
In the end, as Song Hongbing said, the 'Warring States Period' came.

Song Hongbing also emphasizes that silver holds significant investment value in the current market environment.
“Historically, silver has been currency.
It was the same in China, the US, and the UK.
Silver was used in the United States until the 1960s.
This historical tradition and inertia still exists.” His prediction that if gold continues to rise in value, silver will inevitably rise in price even faster has already proven correct.
Now it's time to see how accurate the accuracy is.