Chapter 1326 – Anglo-German Financial Summit

“Tomorrow is the Anglo-German financial summit, I don’t know if the Germans will agree to our conditions.” Harold Wilson mentioned tomorrow’s meeting, as if it was a very important financial summit, as a country’s prime minister, Harold Wilson was rarely this afflicted.

“Absolutely no problem. Prime Minister.” Alan Wilson expressed optimism, the so-called Anglo-German financial summit was certainly important because it involved the Bretton Woods system’s peace of mind.

For the last two years, the French had been arguing that the dollar was a means for the United States to exploit the world, and that the European countries were at a disadvantage, and of course that was not wrong, it was true.

The Bretton Woods system is, of course, essentially a gold standard system, under which the Americans can’t really exert much financial power, and there are inherent contradictions in the Bretton Woods system that they can’t overcome.

The dollar, as the main reserve currency, led to a contradiction between the supply of international liquidity and the credibility of the dollar, the Triffin Dilemma.

The French see another point of disadvantage, that is, this monetary system gives the dollar hegemony, the United States can directly use the dollar to make up for the balance of payments deficit, other countries can only reduce imports, the United States in fact indirectly manipulate the other countries of the monetary attack.

Alan Wilson said de Gaulle may not expect, the United States later than the Bretton Woods system to do more excessive.

It also evolved into what Britain proposed in 1944, the approach of pegging currencies to bulk items, and after Bretton Woods, the ability to interfere in other countries increased rather than decreased.

One of the German regional banks, which was operated by Bogina, was the one that Alan Wilson had given to the Dragoon Sisters in the first place through the British Occupation Forces, and he naturally understood very well what the purpose of tomorrow’s boardroom was.

World War II had been over for twenty years, and Germany had long since recovered from the devastation of the World War, with an economy that still slightly exceeded France’s, and the Deutsche Mark was a major European currency. Just counting the influence in Europe, even more than France, of course, and the British pound is still a long way off.

At a time when the French frequently fired on the dollar, Britain to take the initiative to take out the sincerity of the special relationship between Britain and the United States, to help the United States stabilize the value of the dollar. Or rather 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, and its purpose is to keep the Germans from messing around with the French.

Once again, Britain is on the opposite side of France, and after Foreign Secretary Patrick Gordon Walker persuaded France not to withdraw from NATO in Paris, the summit is seen by the French as a retaliatory move by Britain.

In fact the French misunderstood, how could he retaliate against France when he still has ladies of equal status to his wife living in Paris? Only to make such a gesture, the French love to do what they do, want to attack the dollar can continue to attack the dollar, who can care about France?

Even without this Anglo-German financial summit, Germany has not followed France in history to squeeze the exchange of gold, the French expectations of Germany would have been impossible to realize. That being the case, what’s wrong with Britain turning an otherwise non-existent favor into a card to show the U.S. the special Anglo-American relationship?

Allen Wilson had already asked his wife to set up a stage in Zurich and crab with the French, and that was enough help to otherwise insist on the Anglo-American Special Relationship.

Doing good things without leaving a name that is not his style as the Cabinet Secretary, leaving 10 Downing Street, Allen Wilson and the U.S. Ambassador to hang out together. It must be said that Donald people old heart is not old, some time ago, even in London prostitute? Of course, this is very consistent with the style of Americans can not control the crotch, although Alan Wilson knew about this matter, but did not reveal the other side.

This time to meet him directly to Donald …… behind the United States ate a pill of determination, said Britain will certainly do its best to maintain the smooth operation of the Bretton Woods system, “the franc to become the world currency, that is not to take the life of the United Kingdom?”

Donald stood in awe, this reason is really impeccable, affectionately said, “the key time, or we speak English is a family.”

Who the hell and you are a family, and then a few decades the United States may not speak Spanish, the heart thinks so, Alan Wilson still make a family does not say two words tone, “of course, we absolutely can not be subverted, the current world order, no matter whether the challenger is the French or the Soviet Union, or Chinese, they should be in their own position honestly with, put the best things to offer up. Oh yeah, I hear the Spanish are marching for reparations, I think the French are behind that too.”

The hydrogen bomb that had fallen in the shallow sea area had been found in the middle of a massive U.S. sweep, and of course the U.S.’s attempt to sneak around and hide the news was unsurprisingly bankrupt.

It’s no one’s fault who let the Americans have an attack of persecution paranoia, believing that it hadn’t been found because the Soviets had found it first, leading to it being brought to light by the USSR. It had absolutely nothing to do with Allen Wilson correcting the Soviet speculation that it wasn’t a nuclear leak but a hydrogen bomb that didn’t go off.

The Cabinet Secretary doesn’t need any thanks from the Americans either, he’s just about equal to Mordor in the caliber of his rumor debunking this time around, all for the sake of the special Anglo-American relationship should do.

“Uh, the country is definitely communicating with Madrid.” Mentioned almost nuked Spain, Donald face is a stiff, in the field of U.S. diplomacy this British Cabinet Secretary, was evaluated as an old-time British, obviously many times very sincere maintenance of the Anglo-American special relationship, but just let a person can not thank you, talk too bad.

As it is, the United States should be grateful to Britain for convening this financial summit with Germany to counter France’s attack on the dollar, but it has to be a good time to bring up the U.S. dropping the hydrogen bomb.

“Just communicate, but it’s just a small town of villagers who are frightened, I’m sure it won’t cost much to set things right.” Alan Wilson is very high profile, “I do not believe that Franco still dare to do anything to the U.S. Army, the Nuremberg trial missed him, right?”

Practicing the special relationship between the United Kingdom and the United States, Allen Wilson just ended the day and went home to go in front of Pamela Mountbatten to show the flexible moral bottom line, the attack on the dollar is still to be attacked.

“I thought Whitehall got the summit out to really defend the dollar.” Pamela Mountbatten sighed at her husband’s acting skills, almost fooling herself.

“The dollar is to be defended, but you have to defend gold.” Alan Wilson grabbed his wife’s small hand and said with a dog-licking look, “We have always been guided by the maintenance of the national interest, but it’s time to make money. We can’t let the French take all the benefits, can we? We should also get some necessary, sensible and reasonable, insignificant benefits to the U.S. gold reserves, such as a few hundred tons of gold. Why not do it anyway, with the French up front to attract hate?”

“Now that we’ve got this summit out of the way, can France do it on its own as a nation and accomplish the goal? Will the French back down?” Pamela Mountbatten inquired of her husband, would this scare the French and cause this bashing to thunder?

“No, don’t underestimate the determination of the French. Especially President de Gaulle, we just have different positions, take out the factor that the countries are different, he’s no worse than our Prime Minister, and especially better than Churchill.” Alan Wilson signaled his wife to relax, the Bretton Woods system has structural contradictions, the crisis can be postponed but not solved.

Even in the twenty-first century, France is also ranked among the top gold reserve countries, European gold reserve countries are Germany, France and Italy, these countries do not believe in what credit currency, gold than the printed paper has value, the three countries together gold reserves, not smaller than the United States gold reserves.

This time the British-German financial summit, including all of the five major banks in the United Kingdom, as well as Germany’s bank representatives, including Deutsche Bank. The main discussion is, as previously stated, to maintain the stability of the Bretton Woods system, and resolutely curb the French attempt to mess up the international financial market.

In fact, Allen Wilson did not expect to talk out what, mainly to do to the Americans, the key time or blood is thicker than water is more useful, so that the Americans feel at ease in Southeast Asia to fight.

Both sides of the financial summit, there are people who can give him the latest progress, the British side of the Pamela Mountbatten on behalf of the Sarawak Development Bank, the German side of the Deutsche Landesbank’s Bogina, which can let the Whitehall know the latest progress of this Anglo-German summit.

For his part, Allen Wilson told Washington that the matter was in Britain’s hands and that good times were ahead for the United States.

Britain’s base condition for pulling Germany in was that the Deutsche Bundesbank held large dollar reserves, and since the 1950s it had been one of the world’s leading holders of gold reserves, second only to Britain and the United States.

The Cold War alliance with the United States was the most important international relationship for the Bundesrepublik Deutschland. Every year, the FRG pays billions of marks to maintain the US garrison and military installations. Core national interests dictate that it is unlikely to take any action to jeopardize the US dominance of the global monetary system.

Unlike France, the FRG is on the front line of a confrontation, and if the U.S. itself suffers a major problem, it will directly affect the FRG’s national security.

Of course, these reasons are actually not important, once the Germans found the benefits of attacking the dollar, it will naturally attack. The key was not to be the outlier.

Alan Wilson actually felt that France’s ally in the matter of attacking the dollar should actually be the Soviet Union, rather than any one of Britain and Germany. Being a head of state is obviously not a good approach to this Franco-American gold dispute. This Anglo-German financial summit lasted three days, and eventually the German banking industry agreed that the British had a point.