Chapter 1326 Anglo-German Financial Summit

"Tomorrow is the Anglo-German Financial Summit. I wonder if the Germans will agree to our conditions." Harold Wilson mentioned tomorrow's meeting. It seems that this is a very important financial summit. As the prime minister of a country, Harold Wilson was rarely this worried about gain and loss.

"Absolutely no problem. Prime Minister." Alan Wilson expressed optimism. The so-called Anglo-German financial summit is of course important because it involves the stability of the Bretton Woods system.

In the past two years, the French have always believed that the U.S. dollar is a means for the United States to exploit the world, and European countries suffer. Of course, this is not wrong, and it is true.

Of course, the Bretton Woods system is still essentially a gold standard system. Under this system, Americans cannot actually exert much financial capabilities. The Bretton Woods system has inherent contradictions that it cannot overcome.

As the main reserve currency, the U.S. dollar has led to the incompatibility between international liquidity supply and the credibility of the U.S. dollar, which is the Triffin dilemma.

Another disadvantage that the French see is that this currency system gives the U.S. dollar a hegemonic status. The U.S. can directly use the U.S. dollar to make up for its international balance of payments deficit, while other countries can only reduce imports. The U.S. actually indirectly controls the currencies of other countries. Policy.

Alan Wilson said that de Gaulle might not have thought that the United States would go further than the Bretton Woods system.

It also evolved into the method of pegging currencies with commodities proposed by the United Kingdom in 1944. After the Bretton Woods system, its ability to intervene in other countries increased instead of decreasing.

One of the Deutsche Regional Banks is run by Pokina, which Alan Wilson originally gave to the Dragoon sisters through the British occupation forces. He naturally understands the purpose of tomorrow's conference room.

Twenty years have passed since World War II, and Germany has long since recovered from the devastation of the world war. Its economic aggregate is still slightly larger than that of France, and the Deutsche Mark is also a major currency in Europe. Just counting its influence in Europe, it even surpasses France, but of course it is still far away from the pound.

When the French are frequently attacking the US dollar, the UK should take the initiative to show its sincerity in the special relationship between the UK and the US and help the US stabilize the value of the US dollar. In other words, make moves to stabilize the value of the dollar.

Tomorrow's Anglo-German financial summit is a financial summit aimed at stabilizing the Bretton Woods system. Its purpose is to prevent the Germans from messing around with the French.

Britain once again stood on the opposite side of France. After Foreign Secretary Patrick Gordon Walker persuaded France in Paris not to withdraw from NATO, this summit was regarded by the French as an act of British retaliation.

In fact, the French misunderstood. He also had a lady of the same status as his wife living in Paris. How could he take revenge on France? It just makes such a gesture that the French can do whatever they like, and they can continue to attack the US dollar if they want. Who can control France?

Even without this Anglo-German financial summit, Germany has never followed France in exchanging money, and the French's expectations of Germany would have been impossible to realize. In this case, what is wrong with the UK turning non-existent help into a card to show the United States the special relationship between the UK and the US?

Alan Wilson has already asked his wife to set up a stage in Zurich and eat crabs with the French. This is enough to help. In other aspects, the special relationship between Britain and the United States must be maintained.

It is not his style as a cabinet secretary to do good deeds anonymously. After leaving No. 10 Downing Street, Alan Wilson hung out with the US Ambassador. I have to say that Donald has an old heart. He was still visiting prostitutes in London some time ago? Of course, this is in line with the Americans' unruly style. Although Alan Wilson knew about this, he did not expose the other party.

During this meeting, he directly gave Donald...the United States a reassurance behind his back, saying that Britain would do its best to maintain the smooth operation of the Bretton Woods system. "If the franc becomes the world currency, wouldn't that kill Britain?"

Donald was in awe. This reason was really impeccable and deeply affectionate.

"At the critical moment, we who speak English are still one family."

Who the hell is your family? In a few decades, the United States may speak Spanish. Thinking this in his heart, Alan Wilson still acted like a family does not speak two languages ​​and said, "Of course, we must not subvert it." , the current world order, no matter whether the challenger is France, the Soviet Union, or the Chinese, they should honestly take their place and give their best. Oh, by the way, I heard that the Spanish are The march demands compensation, and I think the French are instigating it behind the scenes.”

The hydrogen bomb that fell in the shallow sea has been found in a large-scale investigation by the United States. Of course, the United States' attempt to secretly hide the information did not unexpectedly go bankrupt.

This is no wonder others, who caused the Americans to suffer from persecution paranoia, thinking that the reason why they didn't find it was because the Soviets found it first, and the Soviet Union exposed the matter. This has absolutely nothing to do with Alan Wilson correcting the Soviet Union's speculation that it was not a nuclear leak but that the hydrogen bomb did not explode.

The Secretary-General of the Cabinet does not need the gratitude of the Americans. His level of refuting the rumors this time is on par with the Magic City. It is all for the sake of the special relationship between Britain and the United States.

"Well, we must be communicating with Madrid at home." When he mentioned the almost nuclear explosion in Spain, Donald's face froze. In the field of American diplomacy, the Secretary-General of the British Cabinet is evaluated as a British man from the old era. Obviously Many times they are very sincere in maintaining the special relationship between Britain and the United States, but they just cannot be thanked and their words are too unpleasant to listen to.

Just like now, the United Kingdom holds this financial summit with Germany to counter France's attack on the US dollar. The United States should thank the United Kingdom, but it must not mention the United States dropping a hydrogen bomb at this time.

"Communication is enough, but the villagers in a small town are frightened. I believe it can be settled without spending much money." Alan Wilson said with a high profile, "I don't believe Franco dares to do anything to the US military. The Nuremberg trials missed him, right?”

After practicing the special relationship between the United Kingdom and the United States, Alan Wilson ended his work today and went home to show his flexible moral bottom line in front of Pamela Mountbatten. He should attack the dollar when it is time to attack it.

"I thought Whitehall created the summit because they really wanted to protect the US dollar." Pamela Mountbatten lamented her husband's acting skills and almost deceived herself.

"The U.S. dollar needs to be maintained, but you have to protect gold." Alan Wilson grabbed his wife's little hand and said like a dog, "We have always taken safeguarding national interests as the criterion, but we have to make money when we need to. We can't let France People should take away all the benefits, right? We should also get some necessary, reasonable, and insignificant benefits to the U.S. gold reserves, such as a few hundred tons of gold. Anyway, there are French people in the front to attract hatred, why not do it?"

"If we create this summit now, and France does it alone, will it achieve its goal? Will the French back down?" Pamela Mountbatten asked her husband, would this frighten the French and lead to This time the criticism was louder than rain?

"No, don't underestimate the determination of the French. Especially President de Gaulle. We just have different positions. Excluding the factor of different countries, he is no worse than our prime minister, especially better than Churchill." Alan Wilson signaled to his wife to relax, and Bree There are structural contradictions in the Dayton Woods system, and crises can be delayed but not resolved.

Even in the 21st century, France is still the top gold reserve country. The largest gold reserve countries in Europe are Germany, France and Italy. These countries do not believe in any credit currency. Gold is much more valuable than printed paper. , the gold reserves of the three countries combined are no smaller than the gold reserves of the United States.

This Anglo-German financial summit includes all the five largest banks in the UK, as well as representatives of German banks including Deutsche Bank. The main discussion is, as mentioned before, maintaining the stability of the Bretton Woods system and resolutely curbing the French's attempts to disrupt the international financial market.

In fact, Alan Wilson didn't expect anything to come out of the negotiation. It was mainly for the Americans to see. At critical times, blood is thicker than water, which is more effective and allows Americans to fight in Southeast Asia with peace of mind.

On both sides of the financial summit, there are people who can give him the latest progress. On the British side, there is Pamela Mountbatten representing Sarawak Development Bank, and on the German side, there is Bokina from Deutsche Regional Bank, which can let Whitehall know. The latest developments of this Anglo-German summit.

Alan Wilson told Washington that it would be better to leave this matter to the United Kingdom, and that the best days of the United States were yet to come.

The basic condition for Britain to win over Germany is that the Deutsche Bundesbank holds a large amount of U.S. dollar reserves. Since the 1950s, it has been one of the world's largest holders of gold reserves, second only to the United Kingdom and the United States.

The Cold War alliance with the United States was the Federal Republic of Germany's most important international relationship. The Federal Republic of Germany paid billions of marks every year to maintain U.S. troops and military installations. Core national interests determine that it is impossible to take any action to endanger the United States' dominance of the global monetary system.

This is different from France. The Federal Republic of Germany is on the front line of the confrontation. Once the United States itself encounters a major problem, it will directly affect the national security of the Federal Republic of Germany.

Of course, these reasons are not important. Once the Germans discover the benefits of attacking the US dollar, they will naturally attack. The key is not to be the first to do it.

Alan Wilson actually felt that France's ally in attacking the US dollar should actually be the Soviet Union, not either Britain or Germany. Being the first to take the lead is obviously not a good idea in this Franco-US gold dispute. This Anglo-German financial summit lasted for three days, and finally the German banking industry agreed that what the British said made sense.