Chapter 1379 Dollar Crisis

"The U.S. dollar is still quite strong, but as far as over-issuance of currency is concerned, the monetary policy based on the gold standard is enough to make the United States fail. In fact, we all know that the U.S. dollar will fail sooner or later. To attack the United States now is not to do what we want to do to the United States. In this way, it is nothing more than making the last profit."

While the Bretton Woods system allowed the United States to take advantage, it also restricted the United States. In fact, compared with petrodollars, this is quite conscientious. There is no reason why Britain and Germany cannot win if they act together.

Pamela Mountbatten nodded. This time Britain prepared a large amount of US Treasury bonds and Federal Reserve bills to block the US financing channels. As for Germany, Germany's economic strength is far stronger than that of France. When the two countries join forces, US dollar bonds will be under unprecedented liquidity pressure.

"It has nothing to do with me, you are the professionals." Alan Wilson yawned, "I still care about how to serve the public. I hope you and Germany get what you want."

Today, the foreign debt of the United States has far exceeded the value of the United States' gold reserves. This is all the result of the Vietnam War. Such an unbalanced ratio actually only lacks the first person to shoot.

It's just that France was a little too hasty and underestimated the fragility of the US dollar. However, more than two years later, everything is different again.

When a billion-dollar selling order appeared in the market, it marked the official beginning of this dollar crisis. After France was suppressed, a challenger appeared again in the financial market. The European market suddenly became undercurrent, and signs of a run on gold to preserve its value had already appeared.

The U.S. dollar reserves held by various governments can replace the U.S. gold reserves. Therefore, when the U.S. economy encounters problems, countries will sell U.S. dollars to obtain gold. This will not only lead to a significant reduction in U.S. gold reserves, but also promote high inflation in the U.S. economy. Coming, this will be a double or even multiple blow to the US economy.

After many efforts, the Ministry of National Defense finally produced a report evaluating the Typhoon fighter jets. The report concluded that an order of 4.5 million pounds per aircraft was within the affordable range.

As Cabinet Secretary, Alan Wilson naturally had to avoid suspicion. He could not directly inquire about orders from the Air Force. After all, the manufacturer belonged to Pamela Mountbatten's industry.

The supreme authority Qingfeng Liangxiu could not do such a thing, so Ma Jins informed the richest woman about the news, so that it had nothing to do with him.

This kind of deception is of no use, but it must be done. The purchase price is also quite high. One of the items in the army's bidding for new tanks is that the unit price cannot exceed one million pounds, although it is no longer World War II. During this period, tanks were more expensive than fighter jets, but this also shows the purchasing power of the pound today.

This unit price is still three times that of the Soviet MiG-23. After all, the pound is a strong currency. The cost of British manufacturing is here, and it cannot be as high as that of the Soviet Union. The unit price of 4.5 million pounds is also more than Alan Wilson. In my memory, the 16 cost was just released.

"This unit price is actually okay. In the eyes of countries with manufacturing capabilities, things like arms are far less valuable than people think." Alan Wilson persuaded his wife that if everything goes well, she should not take up too much of the British government. It's cheap, but you have to know how to accept it when it's good.

The fundamental reason why the arms industry is considered a huge profit industry is that arms are actually not valuable at all. They are just sold at a high price. It is purely a leek-cutting industry.

"If this were in the United States, I think 20 million US dollars for a plane is not too much, right?" Pamela Mountbatten looked at her husband angrily, "Don't you know how poor you are? You have to support so many employees."

"The positioning of your military industry is to protect other industries." Alan Wilson replied with a calm expression. "It's fine to mention other countries, but don't mention the United States. How many US dollars has the United States issued in excess? This is a run. Although gold has just begun, won’t the United States look for opportunities to retaliate in the future? The country is the force that protects you, so don’t think about competing for profits with the country.”

Pamela Mountbatten opened her eyes wide,

After staring at her husband for a long time, she muttered in disbelief, "You are so noble. It's so surprising. It gave me a new understanding of you."

"I'm doing it for your own good." Alan Wilson changed the topic, "Your military industry company has been reorganized and all employees have shares. If you sell it at a high price, you won't get much, so you might as well be a trusted weapons supplier. The air force has a large amount of equipment, so don’t we still have to rely on you for logistical support? Don’t always consider the unit price.”

Maybe in the next 40 years, Britain will rely on this fighter to support the scene. Isn't this much better than a one-time deal? Alan Wilson also wants to keep the purchase price down if possible.

"Go to work quickly!" Pamela Mountbatten pushed Alan Wilson. In recent years, she found that her husband was increasingly thinking of letting her subsidize the country. What was this? Anti-Keynesian? Keynesianism takes the lead on countries with poor economies, but when it comes to her country, she takes the lead when the country is in trouble? "I'm going to Hawkson Hall. I have some bankers to meet."

"Isn't it being renovated? Why do you think of going there? I hope those bankers are not too old, otherwise nothing will happen." Ellen Wilson rambled on, like a talkative woman, until she was pushed out of the door.

Hoxon Manor is being renovated, and the door panels have just been painted. The pattern of the paint is completely imitated according to the texture and concave and convex of the wood. The imitation is so similar that it is almost impossible to tell them apart. Judging from the knock on the door just now, there is no doubt that underneath this confusing display of paint is indeed a wooden door. As high as a person, two round tree knots are painted side by side.

It looks like two big eyes. To be more precise, it looks like a pair of glasses. The two round tree knots are painted very delicately. Usually, they are not painted so delicately in this type of filled art. However, the painting technique is realistic.

These two round tree knots have overly perfect lines, which are simply impossible to exist in objective reality. Moreover, because the images of these two round knots are too coordinated, as if accidental phenomena must obey laws, they appear to be inconsistent. It's man-made.

However, it is also quite difficult to take out individual details from the entire pattern to prove that such an image is obviously impossible to exist in nature.

"The actions of some British bankers are subverting the special relationship between the United Kingdom and the United States." Before leaving office, Donald decided to stand up for the last time and protested against the actions of a small group of British bankers to squeeze gold, believing that the British government should think Think of ways to.

"Of course, we resolutely defend the special relationship between Britain and the United States." Alan Wilson promised expressionlessly, "Personally, I will do everything possible to maintain the unity between Britain and the United States."

Of course, the thing couldn't be done, but the promise had to be given. Alan Wilson suddenly asked in a low voice, "I heard that some veterans who were affected by Agent Orange want to receive compensation from the government? Is this happening?"

"Sir Wilson." Donald was like knocking on the table. He was here to protest, not to explain the difficulties facing the United States. "The president will take care of this matter."

"That's good. Can you make more noise than a tank? Just suppress it when it's time to suppress it. Don't be polite." Alan Wilson said solemnly, "It's not like you haven't done it before. Isn't MacArthur an expert?"

The Agent Orange report really made India a big hit during this period. As much as India was in the limelight, the United States would be disgraced. Nixon was a man of great dignity, otherwise he would not have debated with Khrushchev. Now the United States uses chemical orange. The agent produced a large number of deformed children, and also affected many soldiers. It was quite humiliating, and this must have made Nixon uncomfortable.

After Donald left, Alan Wilson picked up the microphone and asked the Permanent Secretary of the Treasury to come. When Frank came to the Cabinet Secretary's Office, he heard the supreme authority complaining, "Let me think of a way? What should I think of? Maybe Americans think my head is worth 10 billion. Even if I cut off my head, I can't prevent the dollar crisis from happening."

"The Americans may have sensed the signs of a dollar crisis, so they hope we can find a solution." Frank smiled bitterly upon hearing this, "But this is really beyond our capabilities."

"Even if we can control the UK, can we control other European countries?" Alan Wilson curled his lips, "As for the result, I believe everyone can see it in two months at most."

The first U.S. bond to be sold is like a ripple appearing in a pond. Its appearance makes the pond no longer calm. Sometimes when facing the majestic snow-capped mountains, just shouting can cause the earth to collapse. The United States hopes to avoid the dollar The hope of a crisis was finally shattered by the cruel reality.

After a lapse of two years, the gold trading market has once again become the most lively place. As the largest gold trading market in Europe, London’s financial status is unquestionable. The United States actually also has gold placed in the United Kingdom to support gold trading, so France is in In the year of the run on gold, the London gold trading market was also targeted.

This time, the trading volume of the London gold trading market quickly exceeded the usual trading volume. The next day, gold trading doubled again. At the same time, bonds from various countries also flew in like snowflakes.

Unlike two years ago, this time Britain itself was the main force in the run on gold. Within a few days, all the gold stored in the United States in London had been exchanged. Then this wave of US dollars crossed the Atlantic and headed towards the core countries of the Bretton Woods system. go.

The selling orders of US dollar bonds have reached tens of billions, causing the entire Federal Reserve to panic. This US dollar crisis is more like a tsunami than the run initiated by France two years ago. No one knows about this massive amount of US dollar bonds. Behind the scenes, how many countries’ banks are involved?