Chapter 453: Black 'Color' Storm (6)

Yao Yi said: "Forget it, let's talk about this later!"

Yao Yi left the old king with a suspense, in fact, this was deliberately left by Yao Yi, he had his purpose.

The old king is now obsessed with Yao Yi's gold, and in fact, Yao Yi has left a layer of protection for his gold in the United States.

The old king knew very well in his heart that when the economic cold snap appeared, this gold was the most important thing, Yao Yi said half of the words, which made him very depressed, and he asked eagerly: "Duke Yao, what the hell is going on!"

Yao Yi said: "I secretly stored a batch of gold in the United States, and I was afraid that the United States would detain it, so I wanted to legally ship it out in advance, but now I think the time is not yet ripe, and I will talk about it later, and I will keep it secret for me first!"

The old king was surprised and delighted in his heart, and at the same time it was also very itchy, and he had already begun to make a small calculation in his heart.

The old king said: "Don't worry, I will keep it secret for you, I will find a way for you to deal with this warship!"

Yao Yi said: "It's not necessary for the time being, let's talk about it later, let's see the attitude of the United States first!"

The old king also understood what Yao Yi meant, and said: "No matter when and where, all the people of Switzerland will stand on your side, and it is your loyal support!"

With this sentence, Yao Yi has achieved his strategic goals and began to plan his next step.

Yao Yi and the others, accompanied by the old king, came to the Lake Geneva manor, and after entering the house and sitting down, Yao Yi said: "It feels good to go home, hehe!"

The old king smiled and said, "Yes, our Switzerland will always be your home!"

Yao Yi said: "Your Majesty, do you have something to talk to me about!"

The old king said: "Hehe, Duke Yao is very clever, I don't think I need to say, Duke Yao also knows what I have to say!"

Yao Yi said with a smile: "Your Majesty, I think we have to look at the international situation in this matter, and I also heard that the United States is going to impose sanctions on me, so at this time, I think it's better to look at the situation!"

The old king said: "Duke Yao, I don't think this matter should wait any longer, from this morning to now, the stock price has fallen sharply, if it falls all the way like this, what will be the consequences at that time, you should know very well, we don't need to say anything else, at least stabilize our domestic banks first, you say, as long as we stabilize, the rest will be easy to handle!"

Yao Yi said: "Your Majesty, have you thought about it now, if our side is stable, the hot money in the world will come to hedge, and these hot money will come and go quickly, so is our country ready for this now, if there is not enough gold in the future, I think this matter should be delayed, and wait for what the United States says!"

The old king said: "I have also considered this, but if these cases do occur, I will use the special drawing rights of the International Monetary Fund!"

The special drawing right (SDR, also known as paper gold) is a reserve asset and unit of account created by the International Monetary Fund, also known as "paper gold", which is a right to use funds allocated by the IMF to member countries. Freely convertible currencies act as international reserves, but because they are only a unit of account, not real currency, they must be exchanged for other currencies when they are used, and cannot be directly used for trade or non-trade payments, because it is a supplement to the original ordinary drawing rights of the International Monetary Fund, so it is called special drawing rights.

Main uses: After the participating countries have been allocated SDRs, they are listed as national reserve assets, which can be used in the event of a balance of payments deficit, and the use of SDRs is carried out through the International Monetary Fund, which designates a participating country to accept SDRs and provides freely usable currencies, mainly the US dollar, the euro, The Japanese yen and the British pound can also be used directly to repay IMF loans and pay interest expenses with SDRs, and the SDRs can also be used directly to provide and repay loans, make grants, and use various financial operations such as forward 'transactions' and loan guarantees, as long as both parties agree with each other.

To put it bluntly, the role of this SDR is equivalent to the role of gold, a kind of reserve, but this reserve is a right, a kind of virtual thing, the role is equivalent to gold but not gold, and it is the representative of the highest credit in the world.

Let's take Switzerland as an example, if the international hot money inflows, Switzerland's domestic gold reserves are less than 600 tons, and the other foreign exchange reserves plus gold are about 100 billion US dollars, if the amount of international hot money is within 100 billion US dollars, Switzerland does not have to worry and can cope with it; if the amount of international hot money is 200 billion US dollars, then Switzerland will not be able to cope with 100 billion US dollars, in this case, the Swiss financial system will mean collapse, which is similar to bankruptcy, to put it bluntly, it is credit bankruptcy, and financial currency is originally a credit symbolThe 'Gate' can plunder the treasures of the treasury at will, and then the wealth of Switzerland will be looted.

The role of gold and foreign exchange reserves is the role of this firewall protection, the more gold, the stronger the protection ability, such as Switzerland such a free market economy, foreign exchange trading freedom, completely dependent on market behavior regulation, if the international hot money is excessively poured in, it will be a fatal blow, but, fortunately, now the IMF has provided special drawing rights to member countries, enhance the protection capacity of member countries.

As an old member state, Switzerland naturally has the right to SDRs to strengthen its reserves.

Of course, this SDR is linked to economic strength, and the stronger the economy, the more SDRs you have, which is a natural situation.

Yao Yi said: "Your Majesty, with my intuition, once our financial system is 'strong', the amount of international hot money will far exceed our own reserves, if I have 7,000 tons of gold now, I will naturally not worry, but we don't have it now, so we have to be cautious, the other piece, we just know it in our hearts, and when there is news from the United States, we will act immediately to ensure that the financial institutions on our side are restored as soon as possible!"

Yao Yi said a lot, in fact, Yao Yi knew very well in his heart that even if he helped Switzerland at this time, a large amount of international hot money poured in, Yao Yi was not worried, because he had a large amount of dollars and 10,000 tons of gold, so he would not worry about this problem.

The reason why he politely rejected the old king was because he had a new consideration,