British Civil Servant

v2 Chapter 1349: Draw the sword 4 Gu Xin is at a loss

The US-Vietnam Paris peace talks will definitely be a good opportunity for the UK to exert its influence. It should be announced to the outside world in time. After arriving in Whitehall non-stop, Prime Minister Harold Wilson also agreed with this view.

After the nationalization of coal and iron is complete, he can devote some attention to diplomacy.

Harold Wilson wanted to mediate the Vietnam War as soon as he came to power, but he was simply rejected by Lyndon Johnson. Now nearly two years have passed, and the whole environment has changed again. Since the Americans don't like the role of the Soviet Union, the United France is the same. After all, as the prime minister, his moral bottom line is also very flexible.

"However, Alan, you don't seem to particularly want peace to come." Seeing the appearance of the cabinet secretary declaring the scriptures, Harold Wilson said in puzzlement.

"If the Vietnam War stops, Malaya may enter a period of economic stagnation." Although Alan Wilson is in London, his heart has already crossed the ocean and arrived in the faithful Kuala Lumpur.

It is true that many people will die if the war stops. As a gentleman, he certainly hopes that peace will come, but if it is at the expense of the influx of hot money in Malaya? Sorry, everything has a price, including conscience.

Malaya is actually struggling to bite Japan. In the past two years, it has developed faster than Japan, and its per capita income has surpassed Japan, which has a great relationship with the Vietnam War.

"Alan, don't think so." Harold Wilson didn't know how to persuade him. The development of Malaya was indeed a problem. After thinking for a long time, the Prime Minister decided not to persuade him. The importance of conscience and Malaya to the British Empire , or the latter is more important.

There is no need for the prime minister's persuasion. Alan Wilson has adjusted his mentality. He remembers that the Paris peace talks seem to have been discussed for more than four years. Even if it is five years, it is still enough time for Malaya to formulate a five-year plan.

And he remembered that the Paris peace talks were just for other countries to see, and the real negotiations between the United States and Vietnam were actually conducted in secret, which is probably equivalent to when he himself talked about the Polish government-in-exile with Fultseva at the Potsdam Conference When you are repatriated, don't think that only the United Kingdom will betray others, and so will the city on the hill.

After finishing the nationalization reform and preparing to flex his muscles in the diplomatic field but never found an opportunity, Alan Wilson left No. 10 Downing Street, returned to his office, and directly picked up the phone to the Ministry of Finance. Hit, "Frank, prepare some materials for me, let's talk about financial issues."

Regarding the British financial system, if you think that only London is the representative of the British financial system, then you are wrong.

The City of London did not exist in this era, and the Exchange was officially approved by the British government in the nineteenth century. At first, it mainly traded government bonds, and then corporate bonds, mines, and canal stocks were listed and traded one after another.

Since then, numerous stock exchanges have also emerged in other parts of the UK, with more than 30 stock exchanges at the peak. It can be said that every city with a name in every part of the UK has a stock exchange.

Last year, these exchanges merged into seven regional exchanges in Glasgow, Liverpool, Manchester, Birmingham, and Dublin. Of course, the long-term goal is to turn London into a financial city, which can improve the financial strength of the United Kingdom. .

While de Gaulle was running against the dollar, he did not look at the pound with high regard. Normally speaking, de Gaulle would prefer to attack the weaker pound. But one difference is that the United Kingdom adopted austerity policy for a period of time after the war because it was chased by the United States for debt, and it had no intention of issuing excessive pounds.

It’s not like the United States issued countless dollars because of the Vietnam War, resulting in foreign dollars everywhere in the international market, which were easily collected by de Gaulle as a sharp weapon to run on gold.

The existence of the US dollar in the world was used by the Federal Reserve to create a US dollar tide decades later, using interest rate hikes and lowering rates to stabilize the financial hegemony of the United States. That is because the U.S. dollar is the currency for settlement of bulk items in later generations, and the initiative is firmly in the hands of the United States. Although the euro in later generations is far more powerful than the currency of any country in this era, it only has self-preservation and no aggressiveness.

In this era, the U.S. dollar needs to be backed by gold. After the war, the ever-expanding trade deficit in the United States caused the old European consortium to hold more and more U.S. dollar assets, which did not receive much attention. Those European capitals that suffered heavy losses in World War II and were temporarily silent have gradually recovered.

The No. 1 and No. 2 people in Whitehall started discussions around the run on gold in the past few years. One problem is obvious, the French are fighting alone.

"Theoretically, the supporters of France, Belgium, Italy, and Spain all stand still. The French are already bored. You can't expect the controlled African countries to join such a high-end game? It is already certain that other countries have not joined. The French attack has come to an end, they are out of bullets."

Alan Wilson talked about his views on the run on gold in France. Although the secretary-general of the cabinet does not have any profound financial knowledge, this kind of thing is like eating when you are hungry. In high-end operations, it will eventually fall on the real thing , the French have no US dollar bonds in their hands, and the run will naturally end.

"France's crazy run is dangerous, but it is not enough to establish a new international financial order like the French say." Frank agreed with this view, and then said, "If the Germans participate this time, Washington's head will It’s big, the dollar bonds in the hands of the Germans are no less than those of France, maybe even more.”

Alan Wilson also agrees that Germany is much more powerful than Japan as a defeated country. Germany is called the army, while Japan can only be called the Self-Defense Force. Germany dared to challenge the United States in the financial field, and Japan was hit hard by the United States even in industrial competition. The difference between the two countries is quite obvious. It seems that the statistics of Japan and Europe are not much different, but in fact the difference is far.

"If you were from the United States, what would you do after this round of runs?" The financial aspect is really Alan Wilson's shortcoming. On the contrary, Frank often contacts people in the financial industry. As a reference answer.

Frank was taken aback for a moment, then smiled mysteriously, and said with a relaxed expression, "If I were an American, I would just do nothing, and watch the French suffer from indigestion."

"Why?" Alan Wilson was surprised. Don't you need some shocking operations to make the French pay the price?

"You can't say nothing, simply cut off the financing channels of the franc. The US dollar is an international currency, but the franc is not. Since the franc does not have the attributes of an international currency. France, which lacks cash and only has gold in its hands, still needs US dollars. .”

Frank said while making gestures, "If the French can run out of the U.S. gold reserves, they can naturally rebuild the financial order, but now that there are no US dollar bonds, it means that the French cannot do this. , the U.S. dollar is still the U.S. dollar, and the franc is still the franc, which cannot replace the status of the U.S. dollar.”

"The same is the financing ability. The financial system of the United States is much stronger than that of France. Even if they start from scratch at the same time, the United States will be the last laugher."

understood! Alan Wilson nodded with a teachable expression, but in fact he didn't understand what it meant at all, but he understood Frank's metaphor, and said, "It means finding a way to block the financing channels of the United States in order to overturn the problem." Pour dollars."

"Secretary-General, this is almost impossible." Frank shook his head, "This requires a large amount of US treasury bonds and Federal Reserve notes, which is exactly what the French lack this time. If the goal is to share financial hegemony category?"

"This is not good. This is the current position of the pound. The pound zone will only be slowly eroded by the dollar. Do you know how much energy we have spent trying to stabilize the pound zone? Even so, the share of global settlements fell to 3% last year. Thirteen. It’s dropping a bit, and it’s less than one-third of the global share.” Alan Wilson put his hands in his trouser pockets, “Sharing is useless, and the situation is only better than what happened to the franc this time.”

But the two still reached a consensus on one point, that is, the Bretton Woods system is no longer so indestructible~lightnovelpub.net~ With this attack by de Gaulle, more and more countries are ready to move.

It is roughly equivalent to the period from the Spring and Autumn Period to the Warring States Period, the beginning of the collapse of ritual and music. The role of France is similar to that of Russia in later generations who claimed to resist the international order of the United States. The first peasant uprising may not win the world, but it is often a chaotic one. beginning.

"We have to make decisions that are in the interests of the United Kingdom." Alan Wilson got two cups of coffee and pushed one of them in front of Frank.

Frank took it over and blew it lightly, saying with care, "Of course, the national interest is the criterion."

"So who exactly should the knife be aimed at?" Alan Wilson seemed to be thinking.

Frank smiled lightly, "From a safe point of view, now is the time to step on the fragile France."

"Wait a minute!" Alan Wilson moved in his heart, "I'm not opposed to what to do to France. This time France has got enough. But we also need some preparation time. And the Paris peace talks between the United States and North Vietnam will start soon. What about the situation in France, anyway, wait and see..."

Alan Wilson has no objection to France's knife, but he hasn't figured out how to deal with the May storm. What do you think of Charles de Gaulle?

Help with May, or what? What consequences will this cause? I am still confused in my mind.

In history, it was Georges Pompidou who replaced de Gaulle later in history. Some people say that this person is Sima Yi next to de Gaulle, and some people say that he is Zhuge Liang who was left alone. But Alan Wilson didn't know whether he was Sima Yi or Zhuge Liang. He only knew that Georges Pompidou had cancer, so he concealed it and became a replacement for Charles de Gaulle.

If you don't want this person to replace de Gaulle, just reveal his intentional concealment of cancer.