1152 Roadside Restaurant
"Whoever takes the initiative in international trade controls the world!"
This sentence was said by Lynch a few years ago. At that time, Mr. Trueman didn't have much feeling about this sentence, thinking that it might just be a way to... help other content to enhance the mood.
It wasn't until this moment that he understood the true meaning of this sentence.
Looking at those enthusiastic diplomats, they wished they could immediately become fraternal relations with the Federation. This was the benefit brought by controlling the trade initiative.
If these small countries want to develop and order, they cannot offend the people of the Federation. The more they rely on the orders of the Federation, the more they will be unable to leave the control of the Federation in the future.
Gefra's diplomat was sitting on the side with a very ugly face, but there was nothing he could do.
be opposed to?
There's a good chance he'll be asked out, allowing Gevra to leave the organization.
He could only sit silently and feel the uncomfortable feeling, as if there were thousands of bugs in his body, crawling everywhere and biting his body!
After talking for a while about trade, Mr. Trueman turned to the question of monetary order.
"The silver currency of the Silver Alliance this time actually reminds us that the stability of major international currencies, especially settlement currencies, is very important."
"A few days ago, the exchange rate between the silver currency and their allies was very high. They were waving their banknotes to make massive purchases internationally, but now..."
Mr. Trueman looked very regretful and shook his head, "Those things have become worthless!"
"Many countries, including us, have been affected by this crisis. There are also some merchants in the Federation who sold their goods to them in exchange for those..."
He chuckled twice, his laughter full of contempt and disdain, "So we need to stabilize the currency exchange rate system and come up with a stable currency as the main settlement currency within our organization."
After giving everyone a chance to think and buffer their thoughts, he continued, "I don't know if you have noticed, but compared to the rapid rise and fall of silver, the performance of gold is actually very stable."
"The Silver Alliance has many problematic policies, but there is one decision that I think is more in line with the current international situation, and that is the issue of benchmarking currencies and precious metals."
He pursed his lips, picked up the cup and took a sip of water. "What we need is a stable currency relationship, not an exchange rate that skyrockets or plummets because of a certain policy. It is feasible to peg currencies to precious metals."
"But it can't be silver, we all know...", he smiled, "Silver is worthless!"
The diplomats also laughed in amusement.
"So what we want to benchmark is gold..." Mr. Trueman glanced at Lynch who was sitting at the bottom of the table. It was Lynch who originally proposed the "Golden Alliance" plan.
It was so in line with the current development trend that it was quickly passed after several discussions within the federal government.
None of the difficult senators in Congress raised any objections to this plan. This was a rare "unanimous motion" with five abstentions and all the remaining votes in favor.
Abstention is to prove that the congressional vote is fair and...free. It is a symbol. If someone does not have to abstain, it is a true unanimous vote.
At this time, the real plan maker was looking at the documents seriously like an ordinary participant, which made Mr. Trueman feel funny.
"The Federal Sol will be benchmarked against gold, and we will announce the exchange rate and adjustment cycle later. During the cycle, anyone..." He stretched out a finger and emphasized, "Anyone can obtain the currency from the Federal Sol." The banks and even the treasury exchange it for gold of equal value!”
“Of course, we have determined that the exchange rate price of the Federal Sol is not entirely based on gold. We also refer to the weight of various aspects such as technology and social development. The details will be disclosed one by one in a larger meeting later. "
The credit currency system has not yet been fully established, and the reason is that the status of various countries in the world fluctuates greatly.
The exchange rate may change greatly due to some changes at any time and at any time. This situation makes "credibility" sometimes not so "credibility".
In a context where the world structure is constantly changing and catalyzing greater changes, it is difficult to build a credit currency system.
No one can believe that the Federation has always been at the forefront of the world. The era of Gefra has ended, and there is no guarantee that the era of the Federation will not end in the future.
Therefore, in this social and era context, benchmarking and linking with valuable technology is the most appropriate choice.
No matter how the country's status changes, at least the price of gold does not fluctuate much.
Even though it was so violently affected this time, it only fell by more than 20% and less than 30%. This was still the result of crazy suppression by some groups.
It won't take long for it to rise back, naturally.
This is different from silver. Once it falls, there is no chance to get back up.
In addition to these weightings of technology and output value, which are also reasonable weighting reasons, as a country's national power continues to increase, the purchasing power of currency will naturally increase. This is a very complex calculation process, and those in the federal government can solve it.
This meeting is not the final resolution meeting.
Mr. Trueman's words undoubtedly told these people that the Federal Sol would become the main settlement currency in this alliance.
Regardless of the face of diplomat Gaevra, who looked like a loved one who died suddenly, other countries actually did not respond much to this proposal.
The birth of the "Union Currency" has made them realize the value and benefits of this alliance currency.
Otherwise, they will always have to face the various negative effects of the exchange rate on the surplus and deficit. With a unified currency, whether it is imports or exports, regardless of the surplus or deficit, the impact will be reduced to a certain extent.
Coupled with the trade matching within the alliance, it has greatly enhanced trade and at the same time reduced various losses caused by currencies.
At this time, a diplomat suddenly proposed an idea, "Mr. Trueman, as a member country, can our currency exchange rate float with reference to the float of the Federal Sol?"
Mr. Trueman was stunned for a moment, and then looked at Lynch, who also raised his head and looked at Mr. Trueman.
The two people's eyes met in the air, and then Lynch shook his head slightly, and Mr. Trueman immediately shook his head, "This question is more troublesome, it involves a lot of content, and we need to discuss it carefully before we can reach an accurate conclusion. "
There was a polite refusal, a smile from the diplomat who proposed the idea, and no apparent disappointment.
The floating exchange rate is actually a very market-oriented behavior. Currency itself is a commodity and must abide by the rules of the free market.
Unless, like the Federation, they can provide sufficient gold reserves and floating parameters such as weighted national power output, it is generally not recommended to have any reference for the exchange rate of any currency.
This will have a terrible impact on both parties. Whoever has evil thoughts will be the first to suffer misfortune on the other side.
Of course, it may be more effective to unite at certain times, but this only suits the political needs of special times and stages. It cannot always be like this. That is an abnormal currency relationship.
At this point in the meeting, there was not much to say. After answering some detailed questions, the meeting ended.
It is just a simple mobilization. After each diplomat returns, they will have to discuss it with the political subjects behind them before they can get a definite answer.
How to participate and the extent of participation need to be discussed to achieve results.
At around twelve o'clock, Lynch and Mr. Trueman came out of the building of the Department of International Affairs together. They took a car and drove for a while before stopping at a restaurant in the city center that was not yet closed.
A very ordinary restaurant.
There were so many night workers in Bupen, besides the girls, there were a lot of normal clerks and the like.
They need to show their value in the office as quickly as possible, so they will stay up late at work.
After midnight, people will feel hungry and they need to eat urgently.
These small restaurants are prepared for these people. Thanks to the better security environment in Bupen than other cities, it is limited to the city center.
Outside the city center, it is still not recommended to leave home after 8 pm, but the city center is still very lively at night and relatively safe.
There are still some shops operating.
Lynch stopped the car. He looked through the car window at the restaurant on the side of the road, then looked back at Mr. Trueman, "Have a bite?"
Mr. Trueman hesitated, "I was keeping in shape, and my wife said I gained weight..."
"There's barbecue, I saw the menu."
Mr. Trueman was silent for a moment, then opened the door and said, "Then what are you waiting for?"
Lin Qi also got out of the car with a smile.
The restaurant is run by a foreigner. It looks a bit...shabby and not upscale. It must be an earlier immigrant.
"Two beef ribs and a pork sausage each, what else do you want?" Lynch looked at Mr. Trueman.
The latter looked at the menu and hesitated, "Let's have some more vegetables. We should maintain healthy eating habits."
"Then add a vegetable!" Lynch said and took out his wallet, "How much is it?"
"Eighteen dollars."
After Lynch paid 20 yuan and said there was no need to look for it, he found a table next to the table.
Two Blackstone Security employees walked into the store and into the back hall. They needed to watch the cooking process without being tampered with, and at the same time, they were careful not to enter through the back door.
There are security committee agents watching at the door, making it extremely safe.
"Do you think the Gefras are up to something?" Mr. Trueman asked after the two lit up a cigarette.
Lynch was holding a cigarette and putting the lighter into his pocket, which made his answer a little vague, "Of course, they will never watch us build the alliance."
"But we don't need to be overly nervous. They will soon run out of time and energy to pay attention to us."
Mr. Trueman was a little surprised, "What happened?"