Chapter 1379 The Dollar Crisis

“The dollar is still quite strong, but on the one item of overissuing money, a monetary policy based on the gold standard is enough to make the US fail. In fact we are all well aware that the dollar will fail sooner or later, and going after the U.S. now is not us trying to do anything to the U.S., it’s just a way to get one last score.”

The Bretton Woods system again allowed the US to take advantage of the situation while at the same time restricting it, which is actually quite conscientious compared to the petrodollar. There was no reason why Britain and Germany acting together couldn’t win.

Pamela Mountbatten nodded her head, and this time Britain prepared a large number of U.S. Treasury bonds and Federal Reserve notes to block the U.S. financing channel. As for the German side, Germany’s economic strength is far stronger than that of France, and in the case of the two countries joining forces, the dollar bonds will be subject to unprecedented realization pressure.

“Nothing to do with me, you guys are the professionals.” Alan Wilson yawned, “I’m still concerned about how to serve the public. Good luck getting what you and Germany want.”

America’s foreign debt to this day has long since far exceeded the value of America’s gold reserves, all as a result of the Vietnam War, a ratio so out of balance that it really only lacks the first one to shoot.

It’s just that France was a bit hasty and underestimated the fragility of the dollar too much, but another two years or so have passed and things are different again.

When a billion dollar sell-off order appeared on the market, it marked the official start of this dollar crisis, and after pressing France down, the financial markets once again had a challenger. The European market became dark and turbulent all of a sudden, and the first signs of a run on gold to preserve its value had already appeared.

Governments hold dollar reserves can replace the U.S. gold reserves, so when the U.S. economy is in trouble, countries will again have to sell dollars to hedge gold, which will not only lead to a significant reduction in U.S. gold reserves, but also contribute to the U.S. economy of hyperinflation, which is a double and even multiple blows to the U.S. economy.

After many efforts, the Ministry of Defense finally came out to assess the report of the Typhoon fighter, the report that four and a half million pounds an order, belongs to the affordable range.

As Cabinet Secretary, Alan Wilson naturally want to avoid suspicion, he can not directly ask the Air Force orders, after all, the manufacturer belongs to Pamela Mountbatten’s industry.

The supreme authority Two Sleeves cannot do this kind of thing, so Makins informed the female richest person of this news, so that it has nothing to do with him.

This kind of cover-up move is not much use, but it is necessary to do, this procurement price is also considered quite high, the army side of the new tank tender, one of which is the unit price can not be more than one million pounds, although it is now long ago is not the World War II period tanks than fighters cost high time, but from this can also be seen in the purchasing power of the pound now.

This unit price is still three times the Soviet MiG 23, after all, the pound is a strong currency, the cost of British manufacturing is here, can not do as much as the Soviet Union, four and a half million pounds per unit price, but also more than Alan Wilson’s memory, just come out of the f16 cost.

“This unit price can actually, arms this kind of thing, in fact, in the eyes of countries with manufacturing capacity, far from so people imagine so valuable.” Alan Wilson persuaded his wife, if everything goes well, do not take advantage of the British government too much, to know how to take the good with the bad.

The reason why the arms industry is considered a profiteering industry, the fundamental reason is that the arms are actually not worth anything at all, just sell expensive, purely a leek-cutting industry.

“If this is changed in the United States, I think one twenty million dollars is not too much, right?” Pamela Mountbatten looked at her husband in exasperation, “Don’t you realize how poor it is? Having to feed so many employees.”

“Your military industry is positioned to protect other industries.” Alan Wilson replied with a stop it expression, “It’s okay to mention other countries, don’t mention the United States, how many dollars has the United States overissued? This squeeze on gold has only just begun, but won’t the United States look for an opportunity to retaliate in the future? The country is the power to protect you, don’t think about competing with the country for profits.”

Pamela Mountbatten’s eyes widened and she stared at her husband for a long time before muttering in disbelief, “You’re so puritanical, it’s so surprising, it’s given me a new appreciation for you.”

“I’m doing you a favor.” Alan Wilson said with a twist of words, “Your military industrial complex has been reorganized with full ownership, you won’t get much if it sells for a premium, you might as well be a trusted weapons supplier. The Air Force has a large amount of equipment, the logistics support is still dependent on you? Don’t always think in terms of unit price.”

There was no chance that the UK would be relying on this one fighter to hold the fort for the next forty years, and wasn’t that much better than a one-shot deal? If possible, Alan Wilson also wanted to depress the purchase price.

“You hurry up and go to work!” Pamela Mountbatten nudged Allen Wilson, what was it these days when she realized her husband was hitting more and more on the idea of letting her subsidize the country? Anti-Keynesianism? Keynesian the state takes over when the economy is bad, and in her case she takes over when the state is in trouble? “I’m off to Hawksin Manor, there’s a couple of bankers to meet.”

“Isn’t it being renovated? How do you want to get up to go there, I hope those bankers are not too old, otherwise don’t get into trouble.” Alan Wilson rambled on like a long-winded woman until he was pushed out of the room.

Hawksin Manor is under renovation, the door panel is newly painted, the paint pattern is completely based on the grain and bump of the wood imitation, facsimile is very like, simply call people can not distinguish. Judging by the sound of the knock just now, there was no doubt that underneath this mesmerizing display of paint was indeed a wooden door. As high as a man, painted side by side, were two round knots that

Much like two large eyes-more accurately, much like a pair of eyeglasses. The two round knots were finely painted, and usually not so finely painted in this kind of loaded art; but the technique of painting, though realistic.

The two round knots have over-perfect lines, which could not exist in objective reality; and because the image of the two knots is so harmonized, as if chance had to obey a law, it appears to be artificial.

It would be quite difficult, however, to take individual details from the whole pattern to prove that such an image could obviously not exist in nature.

“The move by some British bankers is now subverting the Anglo-American special relationship.” Before leaving office, Donald still decided to stand his last watch and voiced his protest to the move by a small group of British bankers to run on gold, arguing that the British government should do something about it.

“Of course, we firmly defend the Anglo-American special relationship.” Alan Wilson assured with a grimace, “Personally, I will do everything in my power to preserve the unity between Britain and America.”

Things naturally could not be done, but promises had to be given, and Allen Wilson suddenly inquired in a low voice, “I heard that some of the veterans who were affected by Agent Orange want to be compensated by the government? Is there any such thing?”

“Sir Wilson.” Donald was very much like banging on the table, he had come over to protest, not to explain the difficulties the US was facing, “The President will take care of this.”

“That’s good, in making a fuss over tanks? The suppression should be suppressed never be polite.” Allen Wilson heard a solemn, “It’s not like you guys haven’t done it before, MacArthur is not a connoisseur?”

Agent Orange report does make India in this period of time, India out of how much wind, the United States has more gray face, Nixon is a very good face, or would not and Khrushchev debate, now the United States using the chemical Agent Orange to create a large number of deformed babies, but also let a lot of soldiers are also affected, can be said to be quite a loss of face, which is sure to let the Nixon is very difficult to bear.

After Donald left, Alan Wilson picked up the microphone and asked the Permanent Undersecretary of the Treasury to come over, and when Frank arrived at the Cabinet Secretary’s office, he heard the supreme authority complaining, “Let me think of something? What am I going to think of, maybe the Americans think my head is worth ten billion dollars, I couldn’t stop the dollar crisis even if I cut my head off.”

“The Americans may also feel the signs of the dollar crisis breaking out, that’s why they want us to think of a way.” Frank smiled bitterly upon hearing this, “But this is really beyond our ability.”

“Even if we can control Britain, can we control other European countries?” Alan Wilson bristled, “As for what the result is, I believe everyone can see it in two months at most.”

The first sell-off of U.S. bonds is like a ripple in a pond, it appears to make the pond is no longer calm, sometimes in the face of the lofty snowy mountains, as long as the shouting of a voice can appear to the sky and the earth effect, the United States hoped to avoid the emergence of the dollar crisis of the hope, and ultimately by the cruel reality of the shattered.

Gold trading market after two years, once again became the most lively place, as Europe’s largest gold trading market, London’s financial status is beyond doubt, the United States actually have gold in the United Kingdom, used to support the gold trade, so France in the year of squeezing gold, but also on the London gold trading market.

And this time, the London gold trading market trading volume, soon broke through the usual trading volume, the next day, the gold trade doubled again, at the same time each country’s bonds are also like snowflakes fly.

Unlike two years ago, this time the United Kingdom itself is the main force of the gold run, a few days time the United States stored in London gold has been exchanged for empty, and then this wave of dollar tide across the Atlantic Ocean, toward the core of the Bretton Woods system of countries.

Dollar bond sell orders have been tens of billions of dollars, so that the entire Federal Reserve wind, this time the dollar crisis than two years ago, France initiated a run, more like a tsunami, who do not know this sea of dollar bonds behind, in the end, how many countries involved in the bank.