Chapter 1031 The end of the old era (first update, two-in-one)
A penny stumps a heroic man!
For me, Daying, many of the helpless choices made after World War II seemed so unwilling, but in the end I gritted my teeth and made them.
On the surface, it is the pressure from the United States and the post-war environment.
But in fact, to put it bluntly, it’s all because of lack of money.
Because they could not come up with the 1 billion pounds needed to stabilize India and quell the rebellion, they could only allow India to become independent.
Similarly, because they do not have hundreds of millions of pounds, they can only watch the French come up with the "Chinese franc", where they wantonly harvest the wealth of Africa without having to worry about the return of the franc. At this point, it has to be said that the French are still very straightforward. De Gaulle, who was the prime minister of the provisional government at the time, almost arbitrarily came up with the "colonial franc", which is the predecessor of the African franc. How did he come up with the money?
Well, the U.S. loan was used to aid France and help France with its post-war reconstruction. Logically speaking, that money should be used to rebuild and improve people's livelihood, but General Dai Direct misappropriation, and then, the effect is obvious, harvesting the wealth of the colony, which has never been merciful.
This is the biggest difference between imperialists and idealists. In contrast, the British Labor Party directly attacked itself, and the mighty Royal Navy almost destroyed it. In terms of self-destruction of martial arts , I, Da Ying, say I am second, but no one dares to admit I am number one.
The core problem is – no money!
Without money...I can't do anything!
Britain has no money...but Nanyang has money!
When Macmillan stated this undoubted reality, Li Guoren said in a light tone:
"For the common interests of the Commonwealth - Nanyang, as a member of the Commonwealth, is willing to Play a role and provide certain support!”
Is this the condition they offer?
Macmillan asked:
“Is this a condition for Nanyang to provide a loan?”
If it is used as a condition for the loan, Britain can consider it, even if it is knowing that the other party will join. , just wanted to use the right to issue currency together with Britain to harvest the wealth of the colonies. This even meant sharing colonies with Britain, but in a different way.
But... that's the pound area!
This cannot be changed. British financiers can always find some way to make their sharing come to nothing.
It can be said that any qualified politician will make wishful thinking, but Macmillan cannot predict the future. He will never think that Britain's decline is an inevitable process. And this is the fundamental reason why Li Yian proposed "cooperation".
Because I, Da Ying... are destined to be eliminated by history, I, Da Nanyang, of course have to shoulder heavy responsibilities and share the worries for Lafayette.
You know, Li Yian is the man behind her!
It is your duty to share her worries!
"No,"
Li Guoren shook his head and said:
"This is just a suggestion. I think this suggestion is undoubtedly extremely beneficial to Britain, and of course, it is also very beneficial to Nanyang."
"Yes, Mr. Minister,"
Zhao Shijie, who had been silent, broke the silence and said.
“We can skip this issue now and discuss the loan issue. Nanyang is willing to provide the UK with an emergency loan of US$1 billion. This loan can be divided into three tranches, with the first batch being US$500 million. Within 12 hours after the contract is signed, it can be transferred to the Bank of England. The other two tranches will be decided based on market conditions whether to provide loans directly, that is, credit authority. This will help reduce interest expenses. What do you think? Mr. Minister!”
Faced with such favorable conditions, MacMillan was completely shocked, and he even said in surprise.
"Are you sure there are no other conditions?"
Almost subconsciously, Macmillan thought - how could you not take the opportunity to blackmail me, Da Ying?
I, Da Ying, am ready to be blackmailed!
After all, taking advantage of the situation is the norm in international political games. Anyone who misses the opportunity to rob would be really short-sighted!
When Macmillan looked confused, what he didn't know was that the British Empire was actually a green leek!
A negotiation went so smoothly that it was unimaginable. Less than five hours after Macmillan arrived in Nanyang, the two parties reached a loan contract. The news was naturally announced to the outside world as soon as possible, and in response, - U.S. Treasury Secretary George Humphrey ordered the New York branch of the Federal Reserve to sell all pounds.
A currency war between allies has just begun. After all, the United States will not miss an opportunity.
At the same time, on the lawn of the official residence, Li Yian was walking as usual, and Li Guoren and Zhao Shijie were following him. The three of them were walking and chatting about the current situation.
"Macmillan has returned to London. Your Excellency, do you think Aiden and the others will definitely agree to our suggestion?"
When raising questions, Zhao Shijie specifically said.
“Now that the rope is still in our hands, we still have a chance to force them to make concessions.”
The “rope” he mentioned refers to another $500 million “credit line.” , without these 500 million US dollars, the British would not be able to stabilize the exchange rate. This "rope" is naturally a dog leash. Although few people in Nanyang keep pets, he still understands this common sense.
"Don't worry, that guy Eden is a typical imperialist. He knows very well what is best for Britain. Issuing the "Indian Ocean Pound" and controlling the currency issuance rights of some countries in Africa and the Middle East is a right for the United Kingdom. The most advantageous option for Britain is to not only control the currency issuance rights in various places, but also to extract local wealth through predatory "currency cooperation". He will not miss this opportunity, of course..."
< br>After taking a puff of his cigar, Li Yian raised the corners of his mouth to a wide grin. Why is it the "Indian Ocean Pound"? Because now the UK not only owns half of Africa, but also many Middle Eastern countries, including the United Arab Emirates, are its protectorates. Even Iraq is a standard pro-British dog. When the UK invaded Egypt, the entire In the Arab world, even in green countries such as Pakistan, Iraq's decision is unique - it was the first to stand up and support it.
For the sake of Great Britain, he would even betray his Arab brothers. Such a pro-British dog, if he is not allowed to join the "Indian Ocean Pound", he will definitely cry and say - Daying's father, you can't let me go!
When the time comes, I will cry and shout to join in.
Countries like Iraq are all potential members of the "Indian Ocean Pound" in the future. Not only that, the entire British Commonwealth may become a member of it in the future. By then, those who will play a major role in it will be Nanyang accepted most of the imperial legacy.
“For us, we have knocked on their doors with the help of the afterglow of the British empire. As directors of the Indian Ocean Central Bank, the rewards we can get from it are extremely generous, and we can also use it to convert the Nanyang Dollar. Break it out and become an international currency in the pound area.”
In fact, this is a “backdoor listing”. After all, Britain’s recession is inevitable, and it will not be exhausted on an industrial scale. It may catch up with the United States, but of course it cannot catch up with Nanyang. After all, the population is there. Industry needs population as support. Without this support, Britain will continue to decline. Even if the "Indian Ocean Pound" stabilizes the pound area, just printing money without the support of corresponding industrial products is not a long-term solution.
Just like the CFA franc, under the careful planning of French financiers, France formed a "franc system" outside the Bretton Woods system by implementing a fixed exchange rate between the franc and the CFA franc.
Through monetary "cooperation" with African colonies, France can not only offset the impact of the United States' monopoly on international finance on France, but also use currency and financial instruments to effectively control and plunder French African countries, and also influence these countries. politics and diplomacy, accomplishing multiple things with one stone.
This has greatly facilitated France’s investment in these countries. It not only monopolizes the resource income of the African franc zone countries, but also makes France a lot of money through a series of operations. It can obtain approximately 100 million yuan from Africa every year. $500 billion in direct revenue and profits.
At the same time, since up to 65% of these countries' foreign exchange reserves are in francs, African franc zone countries can actually only import consumer goods from France. This is typical "neo-colonialism".
In the past it was gunboat colonization, now it is currency colonization.
Monetary colonization requires industry as support. In the 21st century, with the rise of Dongda production and the import of Dongda products, France's ability to earn gold from Africa has been greatly reduced. . After all, France's own productivity has been severely impacted by Dongda.
And this is why Li Yian is willing to help the United Kingdom establish the "Indian Ocean Pound" because of his confidence in his own productivity. Even if Nanyang only holds 45% of the shares in the future Indian Ocean Central Bank, it will still be a return of hundreds of billions of dollars every year!
How could you miss such an opportunity?
“In this central bank, we only insist on one thing, which is to incorporate the Nanyang dollar into it and become one of the settlement reserve currencies. By bundling it with the British pound, we can realize the internationalization of the Nanyang dollar. Well, or in other words, with the help of The current influence of the United Kingdom is to cooperate with the United Kingdom to form a "sterling pound and Nanyang dollar system" outside the Bretton Woods system,"
This system is far larger than the "Franc System" carefully constructed by France, because the influence of the Franc is only in parts of Africa, and the British Empire, that is the British Empire, and a skinny camel is bigger than a horse!
But this is only the first step.
What is Li Yian’s ultimate goal?
Taking the "Indian Ocean Pound" as an opportunity and targeting the Commonwealth, an "international monetary system" with Nanyang as the master and the United Kingdom, Australia, Canada and New Zealand participating in this "international monetary system" was established. The ultimate function is to replace or partially replace the US dollar and become the international settlement currency.
Many people think that the internationalization of the U.S. dollar is that the United States relies on military threats to force countries around the world to use the U.S. dollar. If a country does not use the U.S. dollar, it will fly an aircraft carrier to your doorstep.
But the actual internationalization of the U.S. dollar is a different situation: Countries around the world need a stable currency as a global currency. The value and circulation of this currency must be stable but a certain amount must be guaranteed. At the same time, it must be able to Free convertibility, and eventually countries found that only the U.S. dollar could guarantee these conditions.
Don’t countries around the world know that the dollar will harvest other countries’ economies?
They all know very well that what ordinary people know, the political elites and financial elites of various countries do not know?
Of course they know!
But even so, we still can't find any other currency to replace the US dollar. Because compared with the exchange rate fluctuations, currency instability, exchange difficulties and other problems that may occur in other currencies, being harvested by the US dollar is really only a low-probability and low-threat event.
In other words, some people think that the U.S. dollar is unreasonable, but in fact other currencies are even more unreasonable, so everyone has to use the U.S. dollar.
Of course, in the internationalization of the US dollar, there is also the fundamental guarantee provided by the strong national power of the United States.
Why do European countries want to band together to create the euro? In addition to breaking the US dollar’s international monetary settlement system and establishing Europe’s own international monetary settlement system, there is also a more important reason - the European countries’ Economic development requires a unified currency. At the same time, Europe needs to gather the strength of the entire Europe to convince countries around the world of its currency credibility.
After the emergence of the euro, it only took more than ten years to rely on the joint endorsement of European countries to break the status of the US dollar as the only global currency. Simply put, where the US dollar can be used, 90 Euros are accepted in % of cases. There is no other reason, it is reliable, but its reliability is just a little lower than that of the US dollar.
So, the hegemony of the US dollar is not so difficult to shake. If you want everyone to abandon the U.S. dollar, you must either find a currency that is more reliable than the U.S. dollar, or you must rely on its own strength to compete with the U.S. dollar. This is the euro.
Monetary credibility is based on national strength and national credibility. The smartest thing about Europe is that they have gathered the power of the entire Europe to endorse their currency. Finally, in addition to the US dollar, another international currency settlement system was established, and the euro became the hard currency for international trade. Europeans became good at it again, relying on the euro to learn from the United States, and began to harvest wealth around the world.
There is existing experience that can be learned and practiced.
As a good student of history, Li Yi'an will certainly not give up the opportunity to study, and compared to Europe in the 1990s. Now he has a better opportunity - now that Britain still has its remaining power and the colonial empire has not completely collapsed, if we pull Britain together, we can get twice the result with half the effort. When the time is right in the future, we can "backdoor listing".
“But the problem is, Your Excellency, as long as there is a chance, the British want their own "sterling system", how can they let us take a ride?"
Stay in the UK Li Guoren, who had gone to school and worked in the Tangshan Embassy in the UK, naturally knew the British very well.
"They are financial experts and naturally know what we think."
"Indeed, London is the second largest financial center in the world, and finance is the lifeblood of the UK. With the British's understanding of the financial market, of course they We know our purpose, but the problem is that the United Kingdom now is no longer the United Kingdom in the past,"
Looking up at the stars in the sky, Li Yian said with emotion.
“Thanks to this war, Britain clearly realized its position. The former economic power Britain had to rely on one partner - this is Nanyang. Otherwise, they would not be able to fight against the monopoly financial capital of the United States. . ”
In fact, in another world, Britain can only rely on the more powerful United States and put itself in the position of a follower. They have placed their position very correctly, because they know what kind of strength should stand in what position. At this point, they can definitely be called "British Empire-style wisdom", and they don't even have the so-called "wisdom of the British Empire". "A burden to the glory of the empire", the glory of the past belongs to the past, and they are better at focusing on the future.
It is reassuring to be able to cooperate with such a wise guy. Of course, the premise is that you must be strong enough, otherwise you will definitely suffer backlash!
But Li Yian is full of confidence in the future of Nanyang!
"Relying on the United States will make Britain a slave of the United States. The same is true in finance. Those British financiers know very well what they should choose - relying on Nanyang, the status of both parties is equal. Yes, they are collaborators. The British Empire can still maintain its pride!"
After saying this, Li Yian sneered while holding a cigar.
“But no matter what, this marks the end of an old era!”
After Li Yi'an's words fell, the three of them looked up at the starry sky, and the smiles on their faces gradually deepened. Indeed, the end of an old era means the arrival of a new era, and Nanyang must exist in this era...
(End of this chapter)