Chapter 1366 – Crossroads

“Actually, by now you should have realized that the Bretton Woods system is unsustainable.” Alan Wilson said as he thought, “The world’s gold cannot match the current currency. Of course everyone knows that this system gave the United States a certain degree of convenience.”

“Just a convenience for America? Nothing for Britain?” Anna shattered, the biggest beneficiary of this system is the United States, but if there is a second beneficiary, it is Britain.

Just as in the NATO system, the United States is the main body and the United Kingdom is the secondary body. This man is also too dishonest, just talking about the United States and not the United Kingdom.

“Even if you’re right, but although this system is unfair, other countries still have the ability to resist. If it really collapses, it will instead face an even worse situation.” Alan Wilson said this rhetorically, “If the Bretton Woods system was replaced with the monetary rationale that Keynes proposed in the first place, think about what would happen.”

“America would have eaten back? Obviously the US was adamantly opposed to Keynes’ theories at that time.” Anna was surprised, in 1944 the US had defeated Britain and promoted the establishment of the Bretton Woods system, would the US single-handedly destroy its own system? It couldn’t be possible, could it?

“When the Americans defeated Keynes, it wasn’t that America’s ideas were so advanced, but that America’s national power was above Britain’s, and the gold in its hands accounted for most of the world’s gold, while Britain’s vast colonies were the backbone of the resource hooks, so of course the Americans wouldn’t agree to it. Now is not the same!” Alan Wilson shook his head, “The Americans really tore up the agreement, what can you do? Not to mention that it’s impossible for Germany to object, it’s not easy for Britain to object either.”

At the beginning of the negotiations, the British point of view is Keynes put forward “international liquidation alliance plan” this plan seems to be for the British own economy hit hard and gold depletion to do maintenance, but also for other economic weakness of the country to do the graft. No one has been able to combat the influence of the United States as the sole leader of the international economic currency. From a bilateral settlement, it was changed to a multilateral clearing that seemed to favor more countries.

Britain’s plan for this international system is not only to weaken the influence of the U.S. dollar, or to stabilize Britain’s position in the international financial economy, Keynes proposed that the impact of World War II has led to a lot of countries are not the original real practical ability should be pushed forward before the start of World War II three years before the measurement and calculation of import and export trade averages to do the distribution of the currency share.

In this way, the progress of everyone is very smooth and can reflect the real capacity of each country. And this period is also the British Empire colonies of the heyday of the period, can account for sixteen percent of the world’s currency, including the colonies, the entire Commonwealth of up to thirty-five percent. This seems very favorable to the problem of Britain’s lack of gold reserves after World War II.

“The French want to redefine the Bretton Woods system by changing the current thirty-five dollars an ounce, to seventy dollars an ounce.” Anna thought for a moment muttering, “The French are seeing that the U.S. might destroy the gold system, and that’s why they’re proposing this to keep the system going?”

“The French are smart, but sometimes national power limits their usefulness.” Alan Wilson commented so with complete admiration, recognizing an adversary from colonial times to the present.

The only thing that is not appreciated is that France is always revolutionizing, and although even revolutionizing France is not ambiguous in the big things, repeated revolutions are still harmful to the national strength.

France gradually fell behind Britain, is the price of total revolution, every revolution, smooth Britain will pull some gap.

So of course de Gaulle was a huge contributor to France, at least after his reforms the situation in France didn’t descend into chaos every now and then.

It’s just a bit too late, in fact, given the situation after WWII, France is in an easier position than Britain would have been if it wanted to make an effort.

“France has a CFA franc zone, and the UK has a sterling zone, it’s still enough to protect itself, if the Americans are shameless. The other national teams will be in a worse position than you.” Anna’s face clouded over, “Actually, France has a good idea to devalue the dollar against gold.”

“If you have the ability to make the German banking industry think that the French are right, it’s a good idea to try. But if you can’t convince the German banking industry, then there’s still one last way left, eat the Last Supper with us.” Alan Wilson stated his purpose, “With the vast amount of dollars you now have in your hands, the United States will surely be caught off guard if you join forces with Britain. It’s one thing for the Bretton Woods system America to think of a back way to default on its own, it’s another for us to attack it into default. Do you understand?”

In the former case, the United States can still round back the default, the equivalent of playing a blank check in the casino, what would happen if the latter situation? The latter is equivalent to everyone on the gambling table, the United States bet after the loss of the spot reneged on the debt. This situation will make, a large number of international capital is facing a dilemma. Sneakily smashing the pot and smashing the pot on the spot are also different.

Anna was lost in thought, it was like the man said, France had half of Africa, and Britain had the sterling area to hold it together, Germany had nothing. Once the Bretton Woods system is disintegrated, Germany will face a drastic impact, what can be done?

This problem, Alan Wilson knows, in exchange for facing other Germans he will not say, but since the woman in front of him has a special identity, today he will be a German for a day, “and reconciliation with Eastern European countries.”

In fact this is Germany’s approach after the disintegration of the Bretton Woods system, Brandt kneeled in Warsaw, opened the Federal Republic of Germany to re-establish its influence in Eastern Europe. Even without Allen Wilson’s idea, Brandt was going to go on his knees right away.

Just then the phone at Anna’s bedside rang, and the little Dragoon Rider made a turn to pick up the microphone, “Koch, what is it? Did you miss mom?”

Anna gave a glance of all the pride she could muster, causing the Supreme Authority’s heart to race, “Mother, can’t I care about you? There is a gathering of bank representatives in Bonn next month, are you coming back.”

“My good son, I was just heading back.” Anna cocked her head and clamped the microphone, “Let it be known, and tell them I’ll be at this gathering then.”

Putting the phone down, Anna muttered, “To say the least you’re here is quite a coincidence, it looks like the German banking industry is feeling the risk of the system collapsing as well, whether to support the devaluation of the French dollar or enjoy the Last Supper, it looks like there will be an outcome soon.”

“Exactly, and I’m sure the German banking industry is also assessing right now which approach is better to support. But I’ll be honest, France’s brief financial center from the May storm is never coming back.” Alan Wilson said without skipping a beat, “You have a better chance of winning if you join forces with Britain than with the French.”

Anna nodded, then walked over to the cabinet and grabbed a set of pajamas, and the corner of Alan Wilson’s mouth twitched, “What’s this for in broad daylight?”

“Rocket ride.” Anna left the pajamas still on the bed and whispered disgruntledly, “What else would you be doing here? To discuss Anglo-German friendship with me? Take off your clothes and run a bath first.”

“I’m doing this all for the prosperity of England and Germany.” Alan Wilson could only undress his body, and also put a protective covering over his behavior for the sake of his country and his people.

France alone would be no match for the U.S. The mad French run, while dangerous, was not enough to bring down the U.S., which managed to survive the run.

But a few years ago, France’s run on gold is by no means useless, first of all, he let people know the weakness of the dollar.

But now it’s different, the pound is a more powerful currency, although the days of the pound rampant in the world has passed, but as of now still occupy thirty percent of the settlement share.

As for Germany, Hesse was a sad nightmare of a place, and the loss of East Prussia was more than enough to make the Junkers pause. But it didn’t matter, the Junker consortium, which had lost more than ninety percent of its members, had finally become an absolute oligopoly on a par with its haunted nemesis.

Now the German bankers, no longer a group with the theme of the countryside Junker, the reduction of members, in some respects, but increased the voice of some people, than in the beginning of the hundreds of noble families with greater combat power.

The financial melee of recent years had allowed German banks to accumulate vast amounts of dollars, and if they joined forces with Britain to turn on the United States, it would definitely be a financial Verdun.

For Germany, the war is over for twenty-five years, Germany has once again come to the crossroads of destiny, and how can it be otherwise for Britain, Pamela Mountbatten pays extra attention to a certain big country’s participation in this airshow, regarded as a knock on the door of Britain’s return to a certain big country, and it is rare to see a female richest man so personal to the whole reception, just to facilitate this order.

“Three batches over five years, twenty-four aircraft in total. To be honest, it’s a bit less than I expected.” Pamela Mountbatten was a bit lost, this was a good thing, but it seemed that this result was a bit less than worth it for her to be so attached to it.

“That’s just fine, three and a half million pounds a pop, eighty or ninety million pounds. It’s split over five years, but it’ll put a lot of people’s minds at ease. I think it’s a win, an unprecedented market reopening its doors to the UK. The significance of this is huge.” Alan Wilson spoke reassuringly.

Was this order small? It wasn’t really small, plus you’d be unrealistic to ask a major power in 1970 to place a straight order for a hundred of them. Someone would have to say that to him and he would immediately have that person arrested for being a fucking fraud.

“Also, it’s like a Nigerian scam.” Pamela Mountbatten quickly adjusted her mindset, and gave an example to reflect on her own greed.

But this example Alan Wilson was not very fond of, because one of the teams behind the Nigerian scam was actually Grace, the mastermind behind the scenes was the supreme authority in front of the female president.