Chapter 901 Responding to the Economic Crisis

It was also very normal for the economic crisis to spread from North America to Japan, and the whole of Japan relied on the American market to get by.

And Alan Wilson remembers that the economic crisis of 1957 did not hit Japan hard, although Japan had a pretty hard time for a while, but none of the three Axis countries of World War II were affected for a long time.

After the defeat of the three Axis countries, all three countries have taken the method of depressing the value of the currency to promote exports, Italy and the Soviet Union is still quite ambiguous, to cope with the crisis has its own way, which the Federal Republic of Germany even only stagnation for three months, everything back to normal.

This time the economic crisis, the real bad luck is the United Kingdom and the United States, especially on the United States caused a big blow. Britain’s losses were second only to those of the United States, though Britain was hit to take into account the historical Suez Canal War, which is still a shadow of its former self.

The Japanese economy, which was almost tied to the US, was naturally affected first. Almost simultaneously, when the US and Canada were in deep economic crisis, Japan, which was separated by the Pacific Ocean, entered into economic crisis at the same time.

Chemical industry, machinery industry, paper industry, respectively, fell nine to thirteen percent, steel, leather and non-ferrous metals fell twenty to twenty-three percent.

The economic crisis like a hurricane hit, the whole of Japan into the wind in the panic. And it was far from over.

“I remember this crisis as if it were the first time since the war that the United States had a trade deficit.” Alan Wilson looked at the major newspapers’ coverage of the economic crisis and recalled what this one had brought about.

Under the Brexit forest system, the dollar bundled with gold is a double-edged sword for the United States, on the one hand, out of the proportion of settlement in the world, the United States should maintain a trade deficit. But the dollar and gold bundled, once a large trade deficit, the United States of America’s gold reserves may be exchanged for empty.

Bundled gold dollar, in fact, far from the latter day petrodollar to the powerful, the United States has been worried about other countries borrowed in hand debt on the United States of America’s gold reserves to launch an attack.

From 1945 after the war, the United States has long maintained a trade surplus, the industrial advantage accumulated during the war period is still quite powerful, can let the United States unilaterally show friendship, both other countries can be a certain degree of trade protection, take advantage of the United States a little cheap.

Of course the United States most want to weaken is certainly Britain, originally the weakening of Britain is never slack, but in New Delhi, 100,000 civil servants in unison to British India to realize, four million square kilometers, so that they make a big tonic pill for Britain to swallow, the main external reason for the establishment of the socialist camp, as well as the pro-Soviet forces of the European countries, so that Britain slowed down the strength of the aftermath of the United States to make America judgement is still to let the Britain.

A variety of conditions contributed to the legacy of British exchange controls, and it was the imperial preferential system, in the protection of exchange controls, that gave the Overseas Assets Control Board the opportunity to play a role in these years.

Thereafter, European and Japanese production capacity was rebuilt, domestic demand expanded, providing a larger market for U.S. goods; European and Japanese products exported to the U.S. continued to grow in number, but still not enough to balance imports from the U.S., U.S. imports and exports still maintain large surpluses, and the world economy entered a virtuous cycle.

The economic crises of 1948 and 1954 were only minor, and the United States was able to survive them with only minor adjustments, but this time was different, as Japan was affected simultaneously with North America from the very beginning.

The economic crisis spread to all countries almost in January, and Alan Wilson in Kuala Lumpur received a telegram from Whitehall at this time, originating from the Cabinet Secretary, Norman Brooke, telling Alan Wilson to make a trip back to London immediately.

“Looking in? Overseas Asset Management Board liquidity!” Alan Wilson looked at the telegram and immediately picked up the phone and said, “Richard, come to the office.”

“Commissioner Wilson, you called me.” Not long afterward, Richard, the head of the Executive Bureau, came in and asked his top boss what he was looking for, full of consternation and snapping, because Allen Wilson was assuming a horse stance.

“London called me back.” Allen Wilson returned to normal, did not perform in front of his subordinates the reverse practice of God’s power horror like aura, “Colonial matters you and the commissioner of the East and West Horses to discuss the matter, there is something to send a telegram to me, there is also the preparation of Burma’s information, maybe it will come in handy.”

“Commissioner, please don’t worry.” Richard agreed at once, asking more, “Is it because of the matter of overseas assets?”

“There is something in that regard for sure.” Alan Wilson raised his wrist, it was not yet two o’clock in the afternoon, and with an apology, he said, “I’ll leave early today to prepare for my return. There is no one in the telegraph room, right ……”

In order to maintain the harmonious feelings of husband and wife, Alan Wilson wanted to tell his wife …… and sister-in-law in Perth that the trip to Australia to accompany him had to be postponed because of an unexpected event.

Allen Wilson then left the Executive Office and drilled into Anna’s nest at night.

“You’ve been working around every day, your little brother is starving and skinny.” Anna grasped the handle and said with some dissatisfaction, “Accompanying those old women every day, you don’t know to come and accompany me more.”

“Honey, you can’t say that. If you reach their age and have the state they have today. That would already be considered a great success.” Alan Wilson kissed Anna playfully.

Age this problem he never denied, but people and people are not the same, some people are just able to prolong the young years as much as possible, later examples also abound, such as CCTV Ren Yingying, and the daughter of the King, CCTV Water Margin female characters, as old as the big kill, on the contrary, hairy girl’s rate of success is only belongs to the kind of more dangerous, and does not rule out the Procurator General as such an example, but the proportion is really small.

So much for Anna’s reluctance, muttering, “You said that my sister and I were the perfect ones.”

“Did say that, but that’s two issues.” Alan Wilson said to himself, “You two were selected for the job.

“I must be in better shape than they are.” Anna reached out and grabbed the man’s large hand and placed it on her belly, “See, a belly that has had two children is still tight and delicate.”

“I’m going to have to do some deeper research to have a proper judgment.” Alan Wilson grinned and rolled over, suddenly halfway to righteousness again, “Out of the nations’ enthusiasm for competition in space, I think it would be more in keeping with the trend to take a rocket.”

After sending a round of telegrams mentioning the importance of logistics and successfully getting feedback, a day apart, the industrious Imperial Commissioner, from Vivienne’s boudoir, was ready to return home.

“Bye.” The Great British Treasure leaned against the door of her room, reaching out with a frown to say goodbye to the man.

Alan Wilson, who had just happened to run into the young Dragon Rider returning home, could only very coincidentally share a flight with Anna.

In addition to appease the ladies and his wife on an equal footing, Alan Wilson return can not be said to be fast, after landing in London airport, the atmosphere did not breathe a breath directly to seventy Whitehall.

The chain reaction of the economic crisis has already appeared, countries have been affected to varying degrees.

Casually on the road to buy a newspaper, the above front page headline, it is Harold Wilson in the Swiss accusation of the report, “Zurich gnomes, all the time do not want to launch an attack on the pound. Speculators are Britain’s greatest enemies, and only a small fraction of them have surfaced.”

“Oh.” Alan Wilson, who was riding in a cab, looked at the full text of Harold Wilson’s speech in the newspaper and let out a meaningful exclamation about the future Prime Minister of England.

“Are you a Whitehall official too, sir?” The London cab drivers, with the common problem of drivers in capitals all over the world, dare not say that every one of them is a key politician, but the proportion is not small indeed.

“Not really, I came back from the colonies.” Alan Wilson put away the newspaper and the driver had a chat.

The driver was also not polite, expressed his views on the current economic crisis sweeping the world, from the Cold War confrontation, to the future of the British Empire, and even the nastiness between the United Kingdom and the United States, all narrated without the slightest stage fright.

“It was a pleasant ride, sir.” Alan Wilson pulled out the money to pay for it, and after getting out of the car, he smiled and said goodbye.

Without stopping to enter Seventy Whitehall, followed by the private secretary into the Cabinet Secretary’s office, waited for a long time before Norman Brooke arrived, nodded at Alan Wilson, and directly said, “Alan, do you know the purpose of urging you to come back for a trip?”

“Something to do with the economic crisis?” Alan Wilson asked with an inquiring tone, Norman Brooke nodded, “Indeed, this economic crisis has come in an unusual way, and economists believe that it may have far-reaching effects.”

“That’s strange that economists understand economics.” Alan Wilson said with an expression that everyone understood.

“The goblins in Zurich have also been taking a hostile stance against the pound.” Norman Brooke said with a twist of words, “Do you understand?”

“The gnomes are not in Zurich, and by virtue of Switzerland, even a special position is not enough to shake the pound.” Alan Wilson thoughtlessly said, “Our dubious allies, they didn’t put in much effort in this matter.”

“It’s good that you know, the reason you were called back is because you have Britain’s huge overseas assets in your hands. In case there is speculation against the pound, when the time comes as a last resort, this asset may have to be used. After all, the economic crisis is coming. No one can be sure of surviving it alone.” Norman Brooke also did not hide his thoughts, and directly and directly.

Alan Wilson raised his eyebrows, stretched out his hands to make a gesture of brewing air, Norman Brook with a confused expression, “Alan, is not heartbroken in the hands of the funds.”

“Not a big problem, the money itself belongs to the state. It’s just that I was wondering if there was another way.” Alan Wilson frowned to himself, “For example, how did the Soviet Union cope with the Great Depression back then. And then there’s the fact that from my work experience, it always comes back to my days in British India.”