Chapter 1487 The Trilateral Settlement System
Internal affairs do not determine France, and none of Callahan’s accusations are fictitious; France is indeed much more uptight in this aspect of leading Europe than Britain is.
The attack on the dollar is not a day or two old, and the talk about the dollar being a tool of American exploitation of the world is what originated with Charles de Gaulle, the father of the Fifth Republic.
Who still can not see that the United States does not like the Bretton Woods system, is not the bundling of gold led to the United States of America’s issuance of money is limited?
Britain is not opposed to the United States and Europe a meat and a soup distribution, but the problem is in the end to eat how much meat and drink how much soup, you don’t take the yen kind of all depends on the United States to give how much benefit to the currency over to fool.
If the United States is not willing to return to the state of the dollar area, the pound area, the franc area before World War II, then the United States is not in vain to participate in the war, the United States to participate in the war is this way, do not participate in the war is still this way, then participate in the war what is the significance of the war? What is the point of going to war? Is it really for the sake of a just cause and a noble moral position?
Therefore, the developed countries can use the floating exchange rate policy to better exchange for internal and external economic balance, in the process of automatic adjustment of the balance of payments, while maintaining the independence of the national monetary policy. Developing countries, on the other hand, must maintain external balance at the expense of internal balance, with balance-of-payments imbalances difficult to regulate and monetary policy independence greatly reduced.
Other developed countries were to become allies of the US, and if Europe felt that the system could get more without being satisfied, then the US would have a big headache.
Kissinger was certainly not willing to agree to Britain’s terms, but in comparison, it seemed as if France’s terms were even more excessive, and really belonged to the direct digging of the presidential mountain.
“France’s share should be appropriately reduced, even if it is the yen that is not even one percent, currently it is not enough to share.” Kissinger pondered for a moment, indicating that if Britain sided with the United States, Britain’s share that was not even a problem.
“Mr. Secretary of State, can the US convince France?” Callahan asked Kissinger rhetorically after hearing this, and seeing the latter shaking his head he said, “Very coincidentally, neither can Britain.”
On another occasion, Alan Wilson was making a gesture of goodwill to Chirac on behalf of Britain, expressing admiration for France’s offer to abolish the U.S. veto, but also making it bluntly clear that Britain thought it would be very tough, “The whole EEC accounts for twenty-eight percent of the world’s economy, and the U.S. is twenty-eight percent as well. But the United States is a country, and the EEC is not, at least for the time being. What about Japan, which has another eight percent, and Japan is a country that the United States has stationed troops in exclusively, and to be honest, if the United States really wanted Japan to do anything, Japan would have no room to resist.”
Alan Wilson didn’t count Malaya, but even if he did, Malaya’s economy is only a quarter of Japan’s, because Malaya’s population is less than a quarter of Japan’s. That’s about the same ratio as Britain and the U.S. Even if it’s consistent per capita, the U.S. has so much more population, and that’s not for nothing.
After thirty years of post-war effort, France’s population finally surpassed Britain’s last year, and is still at the fifty million level of total population, and that’s all counting French nationals in Algeria.
If more Algerian natives had survived, perhaps France’s population could have increased even faster, but understandable.
Even Britain, France and Germany together have a population less than that of the US, plus Italy is comparable, and the US is comparable to the total economy of the entire EEC countries with a single country, so you know how impractical the idea of France abolishing the US veto is.
The current European ability to keep the IMF from being used against European countries is already considered a victory, trying to in turn use the IMF to boycott the US is purely a beautiful dream.
“Sir, you’re not favoring the US because of its special relationship with Britain, are you?” Chirac was ready to go back and continue spreading the rhetoric of Britain’s disloyalty to Europe regardless of Alan Wilson’s answer.
“Absolutely not, and while I personally possess an extraordinarily strong preference for the United States, I am not so far gone as to satisfy that preference at the expense of Britain.” Alan Wilson made a solemn promise that there was absolutely no such thing, and that it was purely France that had overestimated its own power and bridged over to the power of the United States.
Just count the whole of Algeria, are seen as part of France, look at the conditions of Algeria, most of the area is part of the Sahara Desert, in looking at the conditions of the U.S. territory, the gap is still very obvious, this comparison is Europe and the United States in the total amount of about the same, but the U.S. can be played out one hundred percent of the European side of the tug-of-war for a period of time.
“Sir thinks that this is enough? Are we just going to have to watch America lead us.” Chirac could not help but sneer, “Watching the United States, a pre-war follower, now dictating to Europe. How quickly did the British take it in?”
“Prime Minister Chirac, one has to be realistic. Surely we can return to Europe for some remedial measures after we talk here.” Alan Wilson said in a suggestive tone, “Establish a clearing mechanism within the EEC countries, which would increase Europe’s financial strength.”
Allen Wilson’s suggestion was actually the swift clearing system, yes, the same financial nuke that claimed that the old Maoists would have to kneel once it was used.
In the original history, swift clearing system have appeared for several years, or the United States led, but this world Britain is not reluctant to give up the pound share. The death grip on the Middle East has resulted in still retaining a significant area of circulation, and the cost of surrendering in this case is a bit unacceptable.
“The swift clearing system?” Chirac’s eyes lit up, when did the British even become understanding, “How unexpected.”
“All for the sake of European unity.” Alan Wilson casually perfunctory sentence, “Europe is, after all, Britain’s largest market, of course, but also France.”
It wasn’t because he’d had a talk with the current Prime Minister that he’d realized Harold Wilson was showing signs of Alzheimer’s. What was it really, as a Cabinet Secretary he reassured the Prime Minister that such a minor ailment would not delay continuing in power.
Other not to mention Reagan with Alzheimer’s disease ruling the United States, the latter day is not still sleeping king it, there are these two examples, the British Prime Minister so what is the problem of ruling, is not there Whitehall to help it?
But obviously Harold Wilson did not have two offspring so shameless, at the same time not ready to really confused, after becoming the Whitehall’s echo, so ready to support a Labor Party leader instead of their own ruling at the right time.
However, although not ready to be a puppet of Whitehall, Harold Wilson is ready to carry out some exchange of interests, once upon a time because of scruples, do not agree with the program of Whitehall, now can be implemented.
Voted, but not fully voted, this is not only suitable for Harold Wilson, but also suitable for the current France, Britain and France after the joint persuasion of Germany, the European countries have been fixed.
The outwardly happy, but in reality fiercely quarrelsome Jamaica Conference continued in the midst of this merger, and Japan, the pride of Asia, continued to pretend that it was integrated into the larger collective. Although Allen Wilson has become quite famous in Japanese public opinion lately, with a bunch of racist labels, it doesn’t change the big picture.
Would you really dare Japan to surrender? Not on the European side, so the U.S. is still all but giving up, and the value of the yen is entirely dependent on the holdout strategy that the U.S. is pushing for.
The United States agreed that European countries occupy relatively more than half of the voting rights, but the special drawing rights, or hope that the European countries to make concessions, must face up to the rights and interests of Arab countries to improve.
This is no problem for Britain, which still has a death grip on Kuwait and the UAE’s military bases and its own influence in the Persian Gulf. Britain is always bad to put the attitude towards Japan on the Arab countries, otherwise the Middle East war force to support the formation of friendly relations, that is not a waste of water?
Japan successfully kicked out of the game, was Allen Wilson considered a victory, the United States agreed to Europe to occupy fifty-five percent of the vote, of which twenty-five percent belonged to the United Kingdom, thirty percent to France, Germany and other European countries.
After determining this matter, the participating countries cheerfully signed the Jamaica agreement, which clarified the obligations of both Europe and the United States, and reached a consensus on the demonetization of gold, the floating exchange rate and the increase in the share of the fund.
Alan Wilson thinks this is a great victory, in fact the role of the new system under the imf is far greater than the role of the Bretton Woods system. Being able to get the U.S. to give Europe more than half of the voting power in the imf is already a great victory.
As for pegging commodities? The Jamaican agreement does not have the relevant content, this kind of thing is needed to fight for themselves, not a meeting can talk out of things.
The dollar has also never relied on any international agreement to be formally pegged to a bulk settlement, but rather on the industrial and military might of the United States that has made Americans puff out their chests with pride.
As long as the Royal Navy can still hang around, liquidity and share of settlement is not an issue for the current pound.
After the signing of the agreement, the heads of state have left Jamaica, the prime minister Harold Wilson returned to London, then received the whitehall swift clearing system of the document, said that the clearing of the European trade, is indeed the need for such a system, should be and Germany and France to discuss, Britain, France and Germany agreed to the three countries will be able to be directly implemented in Europe.
The three countries immediately for swift clearing system to start negotiations, soon announced the formal establishment of swift, for the clearing of Britain, France and Germany, involving pounds, francs and marks of trilateral settlement.
swift clearing system its headquarters in Brussels, Belgium, it is in order to solve the countries financial communications can not adapt to the rapid growth of international payment clearing and the establishment of a non-profit organization, responsible for the design, establishment and management of swift international network, in order to carry out the transmission of international financial information between the members of the organization and to determine the routing.
The World Wide Web, which Whitehall has been promoting, is directly connected to the swift clearing system as a booster for the major European banks, so that it can be more easily extended to the whole of Europe with the help of the European banking network.