Chapter 1383 Britain suffered heavy losses

Nixon the United States to stop fulfilling the obligation of foreign governments or central banks can use the dollar to the United States to exchange for gold, the news came to the European countries of the bankers froze as if it were a wooden chicken, although they have been prepared in their hearts, but this kind of obvious renegade behavior really appeared, and still to all the countries involved in a head-on blow.

In fact this has been considered the Bretton Woods system disintegration, if the dollar can not be converted into gold, then why countries to reserve dollars? The value of the dollar is reflected in what place?

“This is simple, the acquisition of U.S. private gold. Although the stock of civil gold is certainly not much, but it is better than nothing, it is better to be quick, or wait until the United States found this loophole, it will be filled immediately.” Alan Wilson was not surprised, something that had long been expected, the United States would not really watch the gold reserves being swept away.

What can you do if you default? Can you beat the United States? Since you can not, this can only listen to let it be, the world is ultimately realistic, from the position of strength is the maxim.

“Nixon said really dry.” Pamela Mountbatten is still a little not back to God, can not believe the road, “so direct, the power to exchange gold to the nullification. Now there are seven or eight hundred billion dollars of funds pouring into the United States, not counting the U.S. debt, he dared to directly renege on the debt.”

“It probably won’t be that dry yet, after a while the US will specifically explain it, but in the end it will still renege on the debt.”

Alan Wilson explained, “the world’s gold together, also can not put seven or eight hundred billion dollars of funds exchange, not renege on the debt can do? Now hurry up and ship back the redeemed gold is the proper thing to do, and then sweep the goods within the United States according to the market price.”

Nixon, although fast and furious, but in the face of raging accusations will certainly find an opportunity to explain explain explain, Alan Wilson thought for a moment and said, “It’s time to find some of the representatives of the Middle East royal family, come to London as a guest. Finish the matter in hand, should I propose the invitation or you?”

“It’s better for me to take care of the business matters!” Pamela Mountbatten knew it made more sense for her to step in than her husband in his official capacity.

“Good, then you do it, talk to them properly, especially Bahrain, Qatar, they are easy to buy off with their small populations. I will assist you when the time comes. After all, we still have a garrison in the Persian Gulf. We will offer extremely generous terms, and reaching an agreement will certainly not be a problem.” Alan Wilson looked at the time, Nixon’s announcement to stop exchanging gold was one year earlier than the original history.

Alan Wilson some sighs, an era ended, the United States ultimately could not carry the return of the massive international dollar was burst, in fact, the international dollar’s home base is London, London has long been the international financial center for two hundred years, but also the distribution of the European dollar. The so-called international dollar is actually the European dollar.

The reason why Britain can choose to stand aside is because of this, the Bank of England rules, the British are not allowed to buy foreign bonds, unless it is strictly “real investment” purposes of the dollar bonds: in this strict isolation of the two markets, the British held the pound and foreigners held the dollar, everyone In this strictly segregated market, the British pound and the foreign dollar, everyone stays out of the way.

Foreigners are free to do whatever they like in the totally unregulated dollar capital market, and all the activities in this market do not affect the British domestic capital market at all.

The so-called real investment in dollars is not really a problem for the British bankers, and any provision is stopping ordinary people, not the real servants of the people.

Nixon will surely come up with an explanation, which of course is pretty much the same as saying that Britain had previously promised Kissinger that it would work with the US to deal with it then did nothing.

Nixon’s explanation would be to appease the sense of betrayal of the European nations after the fact, and that’s about all it would do.

But to say that now is the best time from a position of strength is not quite true, the pound area has not been broken, at least not all, the dollar is still far from the time of unification of the world.

Alan Wilson is waiting for the intelligence of MI6’s industrial assessment of the European countries, in the end can not really do what people in later years think you have I also have, if Europe can be like a big country, countries can join together to do largely the whole industry chain, then the problem is simple.

To be honest, Alan Wilson is calculating the time for the opening of a major country, try to find a place for the pound by the pressure of appreciation in the next few years. The United Kingdom certainly can not let the rapid appreciation of the pound, the capacity of the pound area is not as large as before, not to mention that regardless of whether it is appreciation or depreciation, the speed is too fast if the impact on the home front.

The latter day, there is not a saying, the soft currency appreciation in the must lose, soft currency depreciation in the must lose, no matter whether the appreciation or depreciation always give the country a period of adaptation.

Nixon announced the closure of the gold exchange channel, has caused strong repercussions in European countries, Allen Wilson is like nothing, ready to talk to the German guests about the future development, which is also a physical job, but as the cabinet secretary general, but also had to do.

Now Germany is not twenty-five years ago, in the era of the Reichsmark is no more than a piece of paper, cigarettes play the role of currency, the U.S. Army naturally become the most scarce currency commodity of the curious.

They purchased cigarettes from the army supply house for one dollar a piece, which could be exchanged on the market for thousands of Reichsmarks worth of gold and silver jewelry of all kinds. The U.S. Army traded cheap cigarettes for the Germans’ prized Leica cameras and grand pianos.

If he had not solved the urgent needs of the Germans in the first place, the Americans could have emptied defeated Germany with cigarettes alone, if you do not believe it, ask the Heilmann family’s words, is not so.

Sterling in the post-war settlement of the largest year is the early post-war, of course, the United States is the same, Britain is to eat the old capital occupies forty percent of the share of the settlement, the U.S. dollar is relying on the U.S. gold reserves exceeded the pound, occupying the world’s share of the settlement of fifty-two percent. Now after twenty-five years, the world is completely different.

France and Germany have recovered, plus Japan on the basis of population advantage to develop, the dollar and the pound have appeared to varying degrees of prostrate backward. Britain should be thanked for his hard work, the original history of the pound has fallen to twenty percent, and is still shrinking. Occupying the settlement percentage have all been in a death cross with the mark.

After the franc early suffered a heavy blow, the mark more and more strong, has become the main opponent of the European pound, not to mention the Federal Republic of Germany is already the second economic power in Europe.

“After this partnership, it looks like the mark will soon become a rival to the pound.” Alan Wilson lay on Bokina’s lap with his eyes slightly closed, “I’m sure a lot of German bankers are celebrating right now. The Mark has never taken such a large share of the dissolution, perhaps the glory of the Fourth Reich is close at hand.”

Bokina’s face randomly went cold before Alan Wilson smiled and apologized, “My dear I was wrong, it’s a metaphor, it doesn’t mean anything, that’s all it means.”

In a moment of fast talking he forgot that the Dragon Riders in front of him were actually furry sisters and would be instinctively uncomfortable with any Fourth Empire analogy, so he hurried to make amends.

“There are indeed many happy people!” Bokina was not overly critical, stating that what the man on her thighs had said was true, and that the Germans were indeed looking forward to Mark’s position in Europe. Utilizing Germany’s economic power to expand Mark’s influence was the idea of many, “But since you came to the door sure that things are not so simple.”

“Since you think Mark has no more enemies, you can try to buy oil from Iran, Germany is not good relations with Iran.” Alan Wilson bristled, “see what the consequences, to be honest, I am also full of expectations, just do not know whether Pahlavi has the guts.”

Just because the pound can buy oil, that’s purely a historical legacy, doesn’t mean Mark can do the same, and anyway, Iraq’s political strongman Saddam has just leaked the word, and the US military is beating down the door.

Alan Wilson, although a man of the keyway and not sure if the Germans tried it during the Cold War, suggested it almost with a goading tone, in case it was hammered by the Americans, wouldn’t that be better?

“You’re such a bellyful.” Bokina bent down to stare into the man’s eyes, then reared up to hug the clever brain of supreme authority in a death-wrap of snow-white thighs.

The result of America’s reneging on the debt led to the ambassadors of all countries being the busiest of all, moving about to quell the anger of the nations, and there were American ambassadors in the wind in Paris, Bonn, Bressanone, Armstrong, and Stockholm.

This is disrespectful to the UK because the ambassador to the UK has not stepped in to apologize, it’s not the UK’s fault for seeing death, and the UK, even if it had joined in, would not have changed the final outcome.

Alan Wilson still has something to say, the United States reneged on the act led to the London trading market in chaos, shouldn’t the Americans express an apology?

“The loss of the London trading market, is not reported a little too much? There are three hundred million pounds?” Alan Wilson asked Frank suspiciously, is there something fishy here?

“Secretary General, a lot of the losses are intangible, market confidence, investor uncertainty, the long-term losses are far more than three hundred million.” Frank righteously stated that not only was there no exaggeration whatsoever, it was still an assessment that took into account maintaining market confidence as much as possible.

Get it, loan out the long term losses first! It’s the same as claiming that Ukraine, with an economy totaling just over a hundred billion dollars, has lost six hundred billion dollars.

“Well, we have indeed suffered huge losses as well, and the Prime Minister will need such a thing for possible accusations from the opposition parties.” This loan loss Allen Wilson also recognized the account, ready to transfer this directly to the Prime Minister, in case this year’s economic growth in the United Kingdom is not as expected, there is an excuse to shirk responsibility.