Chapter 969 The "Colony" of the SS Consortium
As the most important part of the entire "Indonesian Campaign", Su Chenyu and the SS consortium have indeed made a heavy bet on East Timor, after all, this kind of thing can really be said to be a once-in-a-century occurrence.
Since Su Chenyu encountered it this time, there is no reason not to grasp it firmly, this is a great benefit, and God will take it, but he will be blamed for it.
That's why Su Chenyu spent so much effort to get Xana Gusmang, the leader of the Revolutionary Front in East Timor-Leste, out of a secret prison in Indonesia. After all, the dragons cannot be without a leader, and the East Timorese rebel forces cannot be without a leader, not to mention that the status of Xanagusmão, the "Asian Mandela", in East Timor is indeed unparalleled.
From the process of "saving" Xananagusmão, to the large-scale funding of the National Liberation Armed Forces of Timor-Leste, to the subsequent dispatch of Blackwater instructors to train the armed forces of Timor-Leste, and finally to helping the newly established Democratic Republic of Timor-Leste break through the diplomatic dilemma, the SS consortium has definitely worked hard, worked hard, and invested a lot of money, just waiting for the moment of final harvest.
Now that the Democratic Republic of Timor-Leste has finally been established, all the investments of Su Chenyu and the SS Consortium can finally see a return, and the return is absolutely unimaginable.
Although, the country of East Timor is poor, not to mention any industrial development, even agriculture is pitiful to death, and even, it is no exaggeration to say, they really don't even have a hair.
The most valuable forest resources such as sandalwood and mahogany on the entire island of Timor were basically plundered by Portugal and the Netherlands, and the mineral resources were also very small, otherwise this guy would not be allowed to break away from his colony. As for the oil and gas resources in Timor-Leste buried in the nearby seas, hehe, judging from the exploitation conditions at that time, it was really a bit weak.
However, no matter how poor East Timor is, it is also a country, as long as it is a sovereign country, it must have a head, and it is a big deal.
Shortly after the establishment of the Democratic Republic of Timor-Leste, the Standard Bank Group approached them with an agreement to take over the "central bank" of Timor-Leste and take the lead in exercising the banknote issuing authority they had acquired. You know, if you want to control a country's finances, then you must first control its right to issue money, why is the Fed so awesome, it's not because people hold the right to issue dollar money.
This time, as one of the greatest contributors to the founding of the Democratic Republic of Timor-Leste, isn't it a natural thing for the SS consortium to win the right to issue money? Moreover, even if the newly established Democratic Republic of Timor-Leste is allowed to issue its own money and exercise its own duties as a central bank, they do not have the ability to do so, and even having special food is a problem.
So, isn't it a good thing for the SS consortium to take over the work of the Central Bank of Timor-Leste?
After a thorough study of the economic situation in Timor-Leste and consultations with the leaders of Xanana Gusmão Timor-Leste, the Standard Bank Group has officially decided to issue the Timorese peso, the official currency of Timor-Leste, worth $300 million.
Of course, the $300 million East Timorese peso is not
This is supported by the corresponding hard currencies such as gold and the US dollar. As for where the $300 million East Timorese peso will come from, it stands to reason that it should be provided by the East Timorese government. However, now that the East Timorese government is so poor that it has even handed over the right to issue money, it is a ghost that they can have so much value support. In this way, the standard banking group, as a note-issuing bank, naturally has to reluctantly bear all the burdens, who wants to take advantage of this big advantage.
However, Standard Bank Group is not an internationalist warrior who spreads love everywhere, he is a standard profit-seeking capitalist, and he will certainly not be so kind to endorse Timor-Leste. As a result, the Government of Timor-Leste handed over a total of $300 million worth of government bonds to Standard Bank Group, thus enabling them to endorse it. Otherwise, Standard Bank Group would not be so kind to be the "little sun" of Timor-Leste, they don't have the skills to go around being good people.
Originally, Standard Bank Group took a fancy to the Indonesian "war reparations" that Timor-Leste was holding, and wanted the other party to take out the dollar and hand it over to them as a value support. Unfortunately, however, the Government of Timor-Leste now looks at the money more than its own father and does not give the Standard Bank Group any chance to play with the money.
The Standard Bank Group just wanted to mention this matter, but Shanana Gusmão directly said that this "war reparations" is the start-up capital for the development of East Timor, and no one can touch it.
Well, what he said is not wrong, because Timor-Leste is really "without anything" except for this money, and in the face of such a mess, if there is no "real money" in his hand, he will not be able to play at all.
If nothing else, let's just say that the office of the East Timorese government has not been completed, there is no way, some of the infrastructure in Dili has been damaged in this war.
Therefore, it is really necessary to build a wave of large-scale infrastructure first, and the military expenditure of the current army in East Timor must also be prioritized, and now is not the time for large-scale disarmament. After all, the Indonesian threat is still on the horizon, and Timor-Leste simply does not have the courage to carry out large-scale disarmament now in order to reduce fiscal expenditures.
In addition to the above, economic construction, agricultural development, industrial layout, commercial prosperity, and so on, ask you which point you don't want money? And all of them require a lot of money. However, now, East Timor, like Indonesia, lacks money the most, so no one can touch this "war reparations".
Fortunately, Standard Bank Group also knows the truth of fishing for big fish in the long run, so it has not been staring at this "war reparations", but has continued to focus on the control of Timor-Leste's financial industry. After taking control of the Central Bank of Timor-Leste, the Standard Bank Group continued to monopolize the entire domestic banking sector in Timor-Leste, again in the form of legislation.
Since you don't have any money in your hands, then no problem, just help you guys do the work The Timor-Leste Parliament officially passed the Basic Law on Financial Banking in Timor-Leste, which stipulates that the Standard Bank Group performs all the duties of the central bank, and there are only three banking licenses in the country.
These three banking licenses were awarded to Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and Royal Bank of Scotland, hehe, in the end
In the end, it all fell into the hands of the Standard Bank Group, but this guy wants to be a bitch again, and he also wants to set up a chastity archway.
With the right to issue money in one hand, a monopoly on the banking sector in the other, and a big hat of "central bank" on its head, the Standard Bank Group has taken complete control of Timor-Leste's financial system.
After getting rid of Timor-Leste's financial system, the SS consortium has set its sights on the oil and gas that are the most tempting, and these are immediate benefits. You must know that the reason why the SS consortium and Su Chenyu were willing to focus on the revolutionary front in East Timor at that time was because of these oil and gas. Otherwise, with the current poverty of East Timor, how can there be any investment value, otherwise, why doesn't Su Chenyu "invest" in those African countries?
Now, now that the Democratic Republic of Timor-Leste has been established, it is only natural that the SS Foundation will come to harvest the greatest harvest.
In fact, the leaders of Timor-Leste such as Xanana Gusmão have long asked the SS consortium to quickly develop the oil and weather in Timor-Leste, very simply, although they have already given the development rights of these oil and gas to the SS consortium. However, it must not be forgotten that the Timorese government has a part of the benefits of oil and gas extraction, which is by no means a small amount of money for Timor-Leste today.
However, the current international oil price is really not pretty, so Su Chenyu really doesn't want to do this now, you know, the cost of this kind of marine oil extraction is much higher than that of the Middle East that can dig a pit to extract oil. However, in the face of the urging of the East Timorese government, Su Chenyu couldn't really be indifferent, besides, holding such a big treasure, he was also very itchy.
In this case, Su Chenyu officially let a small oil company under the SS consortium enter Timor-Leste, first engage in simple oil fields, and taste the sweetness.
To be honest, the strength of the SS consortium in the oil industry is indeed not very strong, and it is not even qualified to carry shoes for the Rockefeller family. At present, the SS consortium has only two small oil companies, operating a few small oil fields from Saudi Arabia and the United Arab Emirates and other "Middle Eastern tycoon fathers".
Even this time, the SS consortium invaded Indonesia's oil industry only in the form of financial capital, not like Morgan and Rockefeller, who not only held the Indonesian National Oil Company, but also led ExxonMobil directly into it.
However, although the SS consortium is weak in the oil industry, they now have huge oil resources in their hands. If nothing else, the oil fields on Sakhalin Island alone would be a shock to the whole world if they were announced.
Therefore, Su Chenyu is not anxious about the weakness of the SS consortium in the oil industry, he has the goods in his hand, what is there to worry about?
After successively completing the layout of the two major industries of finance and oil, the SS consortium can be regarded as officially turning Timor-Leste into a country of the SS consortium. It is not shy to say that the current East Timor is just an economic colony of the SS consortium, and this wave of "bumper harvest" has completely allowed them to complete all the layouts.
At this point, the entire "Indonesian Campaign" can be regarded as having a perfect hand and tail......