British Civil Servant

v2 Chapter 1383: british losses

The news that Nixon and the United States stopped fulfilling the obligation of foreign governments or central banks to exchange U.S. dollars for gold in the United States stunned bankers in various European countries. Still give all participating countries a slap in the face.

In fact, this has been considered the disintegration of the Bretton Woods system. If the US dollar cannot be converted into gold, why should countries reserve US dollars? Where is the value of the dollar reflected?

"It's simple, buy private gold in the United States. Although there are certainly not many private gold stocks, it's better than nothing. It's better to be quick, otherwise the United States will find this loophole and it will be filled immediately." Alan Wilson was not surprised. As expected, the United States will not actually watch its gold reserves be emptied.

What if you breach the contract? Can you beat America? Since you can't, you can only let it go. The world is realistic after all, and it is wise to start from the position of strength.

"Nixon's words are really straightforward." Pamela Mountbatten said in disbelief, "It's so straightforward, and the right to exchange gold is abolished. Now there are 70 to 80 billion U.S. dollars in funds." If they pour into the United States, even if it is not a U.S. debt, he dares to renege on it directly."

"It may not be so straightforward. The United States will explain it specifically after a while, but it will still renege on its debt in the end."

Alan Wilson explained, "All the gold in the world can't exchange 70 to 80 billion US dollars of funds. What can I do if I don't want to be bad? Now it's serious to ship the exchanged gold back, and then use it at the market price. Scan goods within the United States."

Although Nixon cut the mess quickly, he would definitely find an opportunity to explain in the face of raging accusations. Alan Wilson thought for a while and said, "It's time to find some representatives of the Middle Eastern royal family and come to London as a guest. Finish the matter at hand, Did I make the invitation or did you make the invitation?"

"I'll do business matters!" Pamela Mountbatten knew that it was more reasonable for her to come forward than her husband who was in public office.

"Okay, then you come and have a good talk with them, especially Bahrain and Qatar, they are small in population and easy to buy. I will assist you then. After all, we still have troops stationed in the Persian Gulf. We will offer a very generous offer Conditions, reaching an agreement will definitely not be a problem." Alan Wilson looked at the time, Nixon announced the stop of gold exchange, a year earlier than the original history.

Alan Wilson sighed a little. An era is over, and the United States is finally unable to withstand the backflow of massive international dollars. In fact, the base camp of the international dollar is London. distribution center. The so-called international dollar is actually the euro dollar.

The reason why the UK can choose to stand by is because of this. The Bank of England stipulates that British people are not allowed to buy foreign bonds, unless they are US dollar bonds for "real investment" purposes in the strict sense: in these two strictly isolated markets, the UK The pounds held by foreigners and the dollars held by foreigners, everyone does not violate the river water.

Foreigners can do whatever they want in the completely unregulated dollar capital market, and all activities in this market will not affect the British domestic capital market at all.

The so-called real investment dollars are actually not a problem for British bankers. Any provision is to stop ordinary people, not real public servants of the people.

Nixon will definitely make an explanation. Of course, this explanation is almost equivalent to the fact that Britain promised Kissinger to deal with it with the United States and then did nothing.

Nixon's explanation was to appease the European countries' sense of betrayal afterwards, and that was all there was to it.

However, it is not necessarily the best time to start from the status of strength. The pound zone has not been defeated, at least not completely defeated, and the dollar is still far from being able to dominate the world.

Alan Wilson is waiting for MI6's intelligence on the assessment of the industries of European countries. Whether it can really achieve what people in later generations think you have and I have. If Europe can be like a certain big country, all countries can unite to achieve roughly the whole world. Industry chain, the problem is simple.

To be honest, Alan Wilson is counting the time when a certain big country will open up, trying to find a place for the pound that is under pressure from appreciation in the next few years. The United Kingdom certainly cannot allow the pound to appreciate rapidly. The capacity of the pound zone is not as large as before. What's more, whether the appreciation or depreciation is too fast, it will have an impact on the country.

Isn’t there a saying in later generations that you must lose in the appreciation of the soft girl currency, and you must lose in the devaluation of the soft girl currency. No matter whether it appreciates or depreciates, the country must always have an adaptation period.

Nixon's announcement of the closure of the gold exchange channel has aroused strong repercussions in European countries, but Alan Wilson, as if nothing happened, was going to talk to the German guests about future development. This is also a physical job, but as the cabinet secretary, he also have to do.

Today's Germany is not twenty-five years ago. In the era when the Reichsmark was nothing more than waste paper, cigarettes played the role of currency, and the U.S. military naturally became a strange person for this most scarce currency commodity.

They bought cigarettes from the Army Supply Agency for one dollar a pack, and in the market they could exchange for all kinds of gold, silver and jewelry worth thousands of Reichsmarks. The U.S. military exchanged cheap cigarettes for the precious Leica cameras and grand pianos of the Germans.

If he hadn't solved the urgent need for the Germans at the beginning, the Americans could empty out the defeated Germany with just cigarettes. If you don't believe me, ask the Hellmann family if it is the case.

The biggest year for the British pound to settle after the war was the early post-war period. Of course, the same is true for the United States. The United Kingdom took its old capital and accounted for 40% of the settlement share. The U.S. dollar surpassed the British pound by relying on the gold reserves of the United States and occupied the entire world. Fifty-two percent of the settlement share. Twenty-five years later, the world is completely different.

France and Germany have recovered, coupled with the development of Japan relying on its population advantage, both the US dollar and the British pound have retreated to varying degrees. The UK should all thank him for his hard work. The original historical pound has dropped to 20% and is still shrinking. Occupying the settlement ratio has already had a death cross with Mark.

After the franc suffered a heavy blow, Mark became stronger and became the main opponent of the European pound, not to mention that the Federal Republic of Germany is already the second economic power in Europe.

"After this cooperation, it seems that Mark will soon become the opponent of the British pound." Alan Wilson lay on Pokina's lap with slightly closed eyes, "I believe many German bankers are celebrating now. Mark has never None of them accounted for such a large share of disbandment, maybe the glory of the Fourth Reich is just around the corner.”

Pokina's face turned cold at random, and Alan Wilson smiled and apologized, "My dear, I was wrong. This is just a metaphor, it can't represent anything, that's what it means."

For a moment, he almost forgot that the dragoon in front of him was actually Sister Mao, and he felt instinctively uncomfortable with the Fourth Reich analogy, so he quickly apologized.

"There are indeed many people who are very happy!" Pokina was not too harsh, saying that what the man on her lap said was true, and the Germans were indeed full of expectations for Mark's status in Europe. Using Germany's economic strength to expand Mark's influence is the idea of ​​many people, "But since you came to the door, it is sure that things are not so simple."

"Since you think that Mark has no enemies, you can try to buy oil from Iran. Isn't Germany having a good relationship with Iran?" Alan Wilson pouted, "See what the consequences are. To be honest, I am also looking forward to it." , I just don’t know if Pahlavi has the guts.”

Sterling can buy oil, but that is purely a legacy of history. It does not mean that Mark can do the same. Anyway, as soon as Saddam Hussein, the political strongman in Iraq, leaked his words, the US military came to the door.

Although Alan Wilson is a key person~lightnovelpub.net~ I don’t know if the Germans tried it during the Cold War, and they almost suggested it in a provocative tone. If it is hammered by the Americans, wouldn’t it be better? ?

"You're really full of bad water." Pokina bent down and stared into the man's eyes, then got up again, hugged the supremely intelligent brain, and wrapped her snow-white thighs in a death entanglement.

As a result of the U.S. reneging on debts, the ambassadors of various countries have become the busiest people, and they have been active to calm the anger of various countries. Paris, Bonn, Bressel, Armstrong, and Stockholm all have American ambassadors in the dust.

This is very disrespectful to the UK, because the ambassador to the UK did not come forward to express his apology, and it is not the fault of the UK if he refuses to save him.

Alan Wilson still has something to say, the behavior of the United States has caused chaos in the London trading market, shouldn't the Americans express their apology?

"Is the loss reported in the London trading market a little too much? Is it 300 million pounds?" Alan Wilson asked Frank suspiciously, is there something tricky about it?

"Secretary-General, many losses are intangible. Market confidence and investors' indecision. In the long run, the loss far exceeds 300 million." Frank said that not only did not exaggerate, but also tried to take into account the assessment results of maintaining market confidence.

Understood, first take out the long-term loss loan! It's the same as Ukraine's economic aggregate is only more than 100 billion, and it claims to have lost 600 billion US dollars.

"Well, we have indeed suffered huge losses. The prime minister also needs such a thing to deal with possible accusations from the opposition party." Alan Wilson has also admitted the loan loss and plans to transfer it directly to the prime minister, in case There is also an excuse to pass the buck with the UK's economic growth falling short of expectations this year.