Chapter 1380 Kissinger’s Visit to Britain

In accordance with the usual response, the first step is to finance the fight against this run, and first we claim that nothing has happened.

The emergence of the dollar crisis is bound to be unknown to the civic class at first, otherwise it will cause panic, and once it spreads around the world, it will only make the dollar crisis more unstoppable.

“Once the gold reserves increase, the pound will not appear appreciation pressure? Knowing that our British gold reserves also have more than five thousand tons, if this time the war is quite fruitful, there may be the old story of the franc two years ago, the appreciation pressure raised the trade pressure.”

Alan Wilson does not think that shelling out a sum of gold is a hundred percent good, all things have two sides, France because of the appreciation of the franc caused by the problem, the past and not very far.

Currency appreciation and a lot of things related to, such as industrial scale industrial quality, gold reserves and even political stability, and now the situation in the United Kingdom is also okay, but still can not be guarded against, before the Ministry of Finance discussed the issue of the depreciation of the British pound, that is a precautionary approach to prevent, in fact, if this run on the United States to force the United States to bow to the pressure of appreciation is coming.

“According to Keynesianism, once the private demand is not strong, the state should take the top, if the appreciation of the pound leads to a decline in the competitiveness of British products, perhaps we should make some plans.” Frank said with a slight forehead, which was also the consensus in post-war economics.

“Keynesianism!” Alan Wilson mused for a moment, “Two roads, foreign investment and industrial production, it seems that we can think about it, and invest a little more in the military industry.”

In fact, historically, during Harold Wilson’s time, the UK was faced with devaluation pressures, and the Labour government’s response plan? Nationalize, devalue the currency, cut military spending, etc. And if there is pressure for the pound to appreciate, for example, to find a way to defuse it, Alan Wilson is uneducated and very unfortunate to think of an arms race.

In how to say, the United Kingdom in the case of Malaya, as well as the main agricultural and pastoral Rhodesia, gaming Newfoundland, the mainland is also equivalent to a quarter of the level of the superpowers, and counting the pound area is one-third of the influence of the superpowers, the specific data is not possible to be so simple addition and subtraction of a calculation, but the foundation is still very good.

“The Royal Navy needs auxiliary ship upgrades, the Royal Air Force needs a new generation of fighters, and the Chieftain tanks are struggling against Warsaw Pact armor clusters.” Alan Wilson cocked his head and inquired, “How about investing in the military industry to defuse the appreciation pressure? Maybe if we do that first, we’ll see a turnaround in time.”

“Now that I look at it, Bangladesh should really step in and invest to defuse the appreciation pressure.” Alan Wilson thought about it and felt that the third Indo-Pakistani war could also be an opportunity. The inclusion of sixty million Bengalis in the British sphere of influence was considered a good thing.

In British India during the period of Calcutta industrial zone is the British Empire’s textile center, to the twenty-first century Bangladesh is still rely on the textile industry to eat.

Simply put, the Industrial Revolution began with the textile industry, and the textile industry is not difficult for any country to get started, and the latecomer countries will choose the textile industry to cut off the start, Japan is, Korea is, a big country is also, Vietnam is also.

Like Bangladesh in the nineteenth century rely on the textile industry, the twenty-first century is also the textile industry place, in fact, there are also a lot of people, not all countries in order to the stars and the sea on the roll, most countries this is in order to fill the stomach, the textile industry is perfectly in line with the category of filling the stomach.

Even now the Kingdom of Egypt, the development of import substitution, but also to the textile industry as the core, labor-intensive industries, the demand for large elimination fast, the arrangement of employment in the perfect industry.

General intervention in the war is the most direct consequence of the hostility of the locals, but if the Indo-Pakistani war, first of all, the Indian side and the East Pakistani Bengalis are not a religion, while the Pakistani government forces are the same religion but the suppression of the national consciousness of the Bengali people, the two countries Bengali people will not be more than a good feeling.

This reduces the risk of the UK picking a peach when the time comes to do so to next to nothing, and there will be no scenarios of the US in Vietnam, Iraq, or Afghanistan.

Offend the local population of the matter, India put Pakistan has replaced the United Kingdom are done, the United Kingdom at that time only need to make a mighty, civilized division of the appearance of intervention on the line, of course, this is to first ensure that one point, must scare India, so that it does not act rashly.

Nixon to Harold Wilson made a transatlantic phone call, hope that Harold Wilson in the name of the prime minister, to maintain the international financial order plays an important role, such as the British gold reserves out of the top.

Harold Wilson attaches great importance to the request of the U.S. President, specifically to find the Chancellor of the Exchequer James Callaghan to discuss this matter, “once the gold reserves used to help the United States, will bring about inflation.”

National currencies are pegged to gold, and once Britain uses the release of its gold reserves, this may not be a problem for the dollar, but will become a problem for the dollar and the pound.

Alan Wilson then arrived, listened to the discussion of the British No. 1 and No. 2, with a difficult face, “We simply do not know who we are facing, the fact that many of the British banking sector involved in this run, even if we stop the banks from doing so, we can not stop the Germans, Swiss, Belgians, Austrians, Dutch and so on. ”

To be honest in the days of Bretton Woods the European countries were still defiant against the US, France single-handedly made it very difficult for the US. Not to mention that Germany drove up far more countries than France did that time, and Britain if it must stand firmly by the US? Nothing more than one more corpse ……

“To be honest, there is no one who can have such prestige to be able to make the banks of the countries stop at this time.” Alan Wilson laughed bitterly, “This is a flow of tens of billions and hundreds of billions of dollars, and anyone who stands in the way, whether it’s the president or the prime minister, will be easily crushed.”

There was nothing Alan Wilson could do, he was now going to have to say to the British participants to call it quits, there were police all over the place outside and they could be shot in the back as well, and it wasn’t the UK itself that was the problem, there were other European countries as well.

“We can’t stop anything, but if we make a show of stopping it and end up stopping it and failing, that’s still doable.” Alan Wilson thought about it, “Like the Prime Minister making a speech in the House of Commons noting the overheating of the economy and saying that the government is ready to stand by and wait.”

That’s all Ha Zhongtang could do at the moment, and anyway, normally a Soviet spy in the eyes of many, don’t think about preserving the special Anglo-American relationship at this point in time.

The United States that less than 20 billion less than the gold reserves, to withstand the next do not know how many sell-off large orders?

Potential sell-off bonds, not to mention the United Kingdom, even if the world has been mined out of the gold together, but also impossible to do to even the books, now who think the United Kingdom can stop what, that are traitors.

But a day apart, Washington informed that US Secretary of State Kissinger was going to visit London, indicating that it showed that the US was hoping that the UK’s IQ was off the line.

“What is this? Are American troops retreating to shoot flares into British positions?” Alan Wilson muttered as he listened to the Foreign Office briefing, but even so, there was no delay in getting him off duty.

The situation was now clear, this dollar crisis was not something the forces on earth could stop, stopping it was a hundred percent burial.

“What promise can Kissinger bring this time?” Pamela Mountbatten was also puzzled, but since Kissinger was coming, he was sure to offer conditions.

“Maybe it’s some kind of blank check for Britain and America to jointly control the world financial order.” Alan Wilson bristled, “The Bretton Woods system has problems of its own, could it be that the United States could maintain it by over giving some of its power? It’s nothing more than maintaining it for two more years. This realist Secretary of State has a lot of tricks up his sleeve, but it’s not impossible to deal with.”

Out of the memory of his previous life, Kissinger’s popularity in Alan Wilson’s mind far exceeded that of the other U.S. Secretaries of State, and he had mainly accomplished two things, talking well with the Saudis and breaking the diplomatic ice between China and the United States. The reason for the high popularity was because of the latter.

But most Americans don’t see the work of Nixon and Kissinger as very decisive, as evidenced by the sharp decline in Kissinger’s influence later on.

Already during the Reagan years Kissinger was seen by some as the American representative of appeasement. One of the major powers thought that I got a lot of credit for the victory over the Soviet Union or you couldn’t have won. Americans didn’t see it that way.

However, in Alan Wilson’s opinion, the Soviet Union’s defeat must have been the main cause of its own problems, and the external factors of any country were not the main cause compared to this main cause.

This emergency visit began straight away with the landing of the dusty Kissinger in London, who, unsurprisingly, came to London with the sincerity of a compromise, the Romans once again thinking of the Greeks, and again not laughing at Britain’s self-interest at a critical moment, but hoping that Britain would be able to help diplomatically.

Harold Wilson, of course, took Kissinger’s visit seriously and expressed his willingness to work with the United States to defuse this crisis, or at least that is what he stated in Kissinger’s presence.

“Washington and London represent the order of the world, and in fact, as long as Britain concentrates its forces and works with the United States to cope with the difficulties, I believe the world order will not collapse.” Kissinger said with sincerity, “We even believe that Britain should play a greater role in Europe, where its military power should be strengthened now that the Soviet Union is threatening. In fact, it wouldn’t be a bad thing to give up some unimportant places.”

“What? No conditions were stated, and Britain has to take the colonies with it?” Alan Wilson sneered as he listened to Wick’s report, “How about making it clear that you want Britain to withdraw its troops from the Middle East, make the protectorates in the Persian Gulf truly independent, and give all of Britain’s influence in the Persian Gulf to the United States.”