Chapter 1288 – Precursor to a Currency War

“London is still quite optimistic about Yemen’s development.” Alan Wilson was smiling, holding the real and fake resource assessment documents, and said to the representatives of all parties who came to the round table, “In fact, we discovered Yemen’s resources a long time ago, but have not exploited them for so many years, and are prepared to hand over these riches intact to the hands of the post-independence Yemen.”

Alan Wilson lied without a blush, clearly the cost of extraction could not be compared to the Gold Coast and Australia, and felt that it was tasteless to eat and discard. But in his mouth became Britain’s grace to Yemen, but Yemenis can not yet refute him, because Yemen’s territory of oil and gas and gold really beauty how to exploit.

The British occupation of Yemen itself is considered to be more of a strategic position factor, to put it bluntly, to watch over the security of the Suez Canal.

At the same time that Yemenis, including Fakhra, the representative of the Free Officers Organization, were looking at the wealth that theoretically belonged to them, and were overjoyed. Alan Wilson, mouth agape, has painted some wonderful prospects for Yemen, the old rule of starting with history and culture, as places with a bit of history like to do, as he found out from his time in India.

Yemen is one of the places of origin of the Arab nation, especially in the last two years, since the UK is about to contract, it has let this kind of talk circulate in Yemen.

It can be said that a lot of people in current Yemen are very proud of their history, I just don’t know if they will be like India in the future, whenever they talk about history they will always proudly puff out their chests.

Obviously the completeness of this resource assessment opened up the situation, after the representatives of several Sudanese countries have expressed their gratitude, Fakhra also opened his mouth to express his gratitude to the United Kingdom, and I don’t know if it is because the situation is stronger than the people, or because he has mastered the great law of strategic fixation, but in short, the attitude of the Free Officers’ Organization is still relatively soft.

After several failures in North Africa, Nasser has fully appreciated the cunning of imperialism, fearing that his presence is too high, choosing to manipulate the political situation in Yemen from behind the scenes. As for the several sultans and sheikhs in South Yemen, everything will wait until the British leave.

To just look at the information, Yemen’s bottom is more than not poor, is simply quite good. This is also very normal, this kind is a world than sucks. A lot of advantages that exist on paper, may really come to use, not so powerful as one would like to think.

What people saw as the Soviet Union’s torrent of steel isn’t so sharp in Russia’s hands.

The financial nukes of the city at the top of the mountain, Russia says it’s just so-so. The strong organizational power that a certain big country boasted of, Mordor just laughed.

Reading these resource assessment documents, these delegates were demoralized for a moment, very normal.

Just as these Arabs were happy, Alan Wilson reminded lightly, “How does Britain know, who is better able to represent the rights of the Yemeni people?”

The meaning of this sentence is clear, Britain has not yet said to whom it will give these things, you are still too early to be happy, the right of distribution is still in the hands of Britain.

This world is not equal, those old battleships in Malaya that can now only patrol the Bay of Bengal are just as destructive a presence as soon as they sail into a Yemeni port. Don’t really disregard the UK as an imperialist power, it may be cavalier in front of the US and USSR, in front of Yemen, the UK can be just as heavy handed.

“Actually, we in the UK feel that Yemen could be federalized.” Dixon, having set the tone at the top, took over the job of steering the meeting and talking to these national leaders about the system of government.

What form of government Yemen would be after independence was destined to be a difficult topic, and Allen Wilson simply left the roundtable, leaving the rest to others.

The peace talks proceeded in a tense standoff between the two sides, intermittent and often deadlocked over minute details and even wording. As in the matter of the determination of the polity, Farah, on behalf of the Free Officers’ Organization, must have had reservations, for the Free Officers’ Organization was certainly more capable of fighting than these small sultanate equivalents, yet it could have paused.

For Nasser preferred to settle their mutual problems with these small sultanates alone after the departure of the British.

The representatives of the Sultanates objected and demanded the use of the word “final”, but Fakhra disagreed, and after difficult negotiations it was finally decided to use the word “halt”. Whenever there was a stalemate or some progress, the parties paused to consult the bodies they represented. Negotiations between the two sides continued to be difficult.

If it had been British Indian independence, Alan Wilson would have done his best to provoke the negotiations to go on for as long as possible.

But since it’s Yemen? Love how it is, there is oil and gas, there is not compared to the Persian Gulf of the small Arab countries, there are gold mines there is not compared to Australia and the Gold Coast.

Making the Yemen problem their own was the most favorable decision for Britain, and of course he took the time to receive the Saudi ambassador. It is rare for this pro-American ambassador to be so forthcoming. Clearly the Saudis are extremely concerned about the future direction of the place under their ass.

Alan Wilson can’t help but think of the past when the Sunni allies gathered hundreds of thousands of troops and were beaten by the Houthis, except that the Houthis represented the Shiites, and now the situation in North Yemen is even more complicated, on the one hand, North Yemen is indeed Shiite, on the other hand, according to unconfirmed information, the Free Officers Organization is the USSR is behind it. Obviously the Soviet Union is more difficult to deal with than the Shiites.

“Could it be that the threads of history are closing in?” After receiving the Saudi ambassador with a piece of cloth over his head, Alan Wilson lit a cigar and couldn’t help but laugh out loud.

As he was muttering this, Dixon came in to report on the progress, indicating that there was still more disagreement than consensus, “Secretary General, the negotiations are still pretty tough.”

“I can well understand the hardship.” Alan Wilson danced around happily, “It’s like an election, there are currently two parties and voters think they can choose the person who will come out and increase their job opportunities, but in reality may choose a candidate who cuts his health care. You hope to choose someone who is tough on illegal immigration, but in reality the candidate comes to power concerned about environmental pollution. Not to mention very serious things like the body politic. There’s still talk about that.”

“Still, our prime minister is happy that his previously declining approval ratings seem to have solidified.” Dixon laughed heartily.

“Diplomacy in a less calm world is naturally a good way to pull up approval ratings. But too much unrest doesn’t work either, and diplomacy becomes a hot potato.” Alan Wilson shrugged, “Be glad we’re far away from the Vietnam problem, otherwise the situation might be like the Americans right now. Oh yeah, pay more attention to the French.”

Alan Wilson remembers that France was the first Western European country to take on the dollar, he just doesn’t know exactly when, now that the Vietnam War has been fought. Who knows what de Gaulle is sneaking around doing now?

France is a natural challenger, he saw the United States because of the deep mire of the Vietnam War, government deficits and trade deficits are getting bigger and bigger, the dollar in the uncontrolled and indiscriminate issuance of this favorable opportunity, began to the United States, or the attack on the U.S. dollar.

Continuing for years the assault on the dollar by European countries, each with an unclean ass, but France was without a doubt the first to strike.

Since the franc went into a devaluation orbit, France has run huge balance of payments surpluses, thus accumulating large dollar reserves.

President de Gaulle’s loyal and hard-line economic advisors, Jacques Rouff and Maurice Gouff Demville, were the leading figures of the monetary traditionalists who believed that the United States was deliberately undermining the cornerstone of the international monetary system, the fixed exchange rate between dollar bills and gold.

De Gaulle keenly recognized that by converting France’s accumulated dollar reserves into gold, he could both support gold’s international status and at the same time deal a severe blow to America’s international political and economic leadership.

But unlike history, the pound, though in decline, did not go down in flames as it originally did; the pillar of the Bretton Woods system was the dollar yes, but in reality there were two pillars, and a pound, which could take its place once the dollar was in decline.

This is different, I do not know whether de Gaulle has taken into account, the pound is still more than thirty percent of the trading share, if the pound to support the Bretton Woods system, France, even if the full force of the attack, the Bretton Woods system is still unbreakable.

In January of this year, at the same time that Lyndon Johnson was reelected, the Bank of France announced that it intended to convert all new inflows of dollar reserves, as well as some of its existing dollar reserves, into gold. Reinforcing his scathing criticism of the permissiveness of U.S. fiscal policy, President de Gaulle has proposed two global monetary reform programs, with the ambitious goal of strengthening the role of gold in the global monetary system.

In terms of duty, he, the Cabinet Secretary should discuss countermeasures with the Bank of England, from the perspective of the special relationship between the United Kingdom and the United States, he should remind the United States, the French ambition.

But after thinking about it, Alan Wilson has only one person to trust, and that is the richest woman in Britain, Ms. Pamela Mountbatten, who is already returning to London.

This was the richest woman that he had raised for one song, and no bank existed in England that deserved to be trusted more than her, and as Pamela Mountbatten walked out of the London theater, the senior lickspittle had been waiting for a long time to welcome the esteemed richest woman back to loyal London.

“Aren’t you hosting the round table, my dear?” Pamela Mountbatten was exuberant, but the smile that rose to her cheeks clearly indicated that she was pleased to be greeted by her husband.

“How is the independence of a colony more important than my wife coming home?” Alan Wilson had a disdainful look on his face, making the future of a five hundred thousand square kilometer country worth a penny, “On the contrary, I have a great matter that will determine the direction of the world to discuss with you.”