On July 3, the two-day UN General Assembly came to an end. Pen % fun % Pavilion www.biquge.info

Because of Transwarp's lack of cooperation, the meeting did not make any progress as most people expected. This was partly because the United Nations did not have the right to directly intervene in the internal affairs of Member States, and partly because the representatives of the new countries had no decision-making authority at all.

For example, Canada proposed at the meeting that Transwarp Trade would sell the space elevator to the United Nations at a 20% premium, and eventually it would be bought by all countries at joint expense, and the United Nations would lead the defense of extraterrestrial civilizations.

Even though the proposal received a high number of votes, it was a blow to the new country in question.

On the other hand, the negotiations between New Zealand and China, Germany, and Russia have made considerable progress.

On the day of the end of the UN General Assembly, the countries held a press conference at the same time to announce to the media the establishment of the Earth Defense Alliance in Koro, Shangjing, Moscow, and Berlin......

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The night shrouded the Revolution Square in Koro City, the lights lit up all the darkness, and facing the cameras of media reporters inside and outside the venue, Jiang Chen solemnly read out the opening remarks of this solemn ceremony.

In this darkest hour, the eyes of the people looked beyond the heavily armed soldiers and quietly looked at the center of the square, where thousands of people did not make a sound.

The anti-protest marches that have swept the world in the past few days have made everyone feel tired and confused, and from the moment they learned of the existence of extraterrestrial civilizations, panic has grown from the bottom of everyone's hearts and has grown uncontrollably.

"There is enough evidence to prove that the tragedies in Cagayan, Tokyo, Somalia, Finland and other places were the work of extraterrestrial civilizations. They use lies to deceive people, plot to divide our race, and sell genetic weapons to those with bad intentions!"

The sonorous and powerful voice echoed in the square, blowing away the fear in the hearts of the people. In this square, which was once sprinkled with the blood of revolutionaries, looking up at the majestic monument, the dead blood in everyone's hearts boiled again.

"Their actions have constituted aggression," Jiang Chen paused for a moment as he looked around at the black-pressed crowd outside the square, then spoke slowly, and continued, "Aggression against all of humanity." ”

"The option of dialogue does not exist from the beginning, all diplomatic means will be meaningless, the traditional borders will be meaningless, and all we can do is defend our homeland with blood!

"So, we chose to stand up. ”

"On this solemn and sacred occasion, on behalf of the new country and the colonies to which Star Ring Trade belongs, I announce to all the people of the new country, to our allies, and to the world!

Thunderous applause and cheers resounded throughout the square, people waved the small national flag in their hands, and there was no longer half of fear in their radiant pupils.

For most people, what really scares them is not the unconventional extraterrestrial civilization, but the chaos that precedes darkness. If the whole world is united, his earth civilization will not be without the power to fight. Although it is still young, the establishment of the Earth Defense Alliance has given everyone hope.

Amid the cheers of the tide, Jiang Chen read out the list of members of the Earth Defense Alliance.

According to the "Koro City Agreement" signed the day before yesterday, the main members of the Earth Defense Alliance are Singapore, China, Russia, and Germany. The secondary member states include a total of 21 Asian countries, including Pakistan Tan, the Philippines, Morocco and Malaysia.

According to the consensus reached by many parties, the main member states will contribute 5-7% of the GDP according to the weight of their territory and population, and the secondary member states will contribute 3-4% of the GDP for the development of the space industry.

Of course, although joining the Earth Defense Alliance is for self-preservation, it is impossible for the Ring Trade to make allies suffer.

In the Coro City Agreement, Transwarp promised its member countries that its space resources would be tilted towards member states.

In addition, the agreement also stipulates that the Earth Defense Alliance will impose a 50 percent defense tax on all non-member countries in the field of outer space resource development. This money is collected by Star Ring Trade and used as an Earth Defense Fund, which is used to build extraterrestrial fortifications, form an Earth civilization fleet, and so on.

Since it is for the common benefit of everyone, you can't let some people rush to the front, and some people hide behind to watch the excitement, right?

I don't need you to contribute now, so it's not too much money, right?

As soon as this measure was announced, it immediately caused an uproar in the international community, especially in the financial sector. Previously, those aerospace-related companies on the NASDAQ that were hyped were suddenly in mourning.

Not only the prospects of aerospace companies have been hit, but at a time when countries are increasingly dependent on outer space resources for raw materials for light and heavy industries, pessimism has quickly begun to spread from aerospace companies to manufacturing.

What is the concept of a 50% defense tax?

Taking iron ore as an example, as of July 1, 2019, thanks to the increased capacity of Transwarp's space elevator, the S&P 62% Iron Ore Index is considered to be the wind of iron ore prices, at S$58 per tonne. Before the defence tax, the US could import iron ore from space from Singapore at a minimum of S$45 per tonne, but after the defence tax, their cost will be raised to S$67.5.

If that's all there is to it, the S$67.5 is still lower than the US$76 per tonne production cost offered by the former mining giant Vale. In other words, for iron ore alone, they can't find a substitute at the same price!

Don't underestimate the S$22.5 spread.

Steel is the foundation of the country's industry, and fluctuations in commodity prices will be reflected in the cost of manufacturing. If it is a global price fluctuation, it may not be noticeable under the balance of the leverage of the exchange rate. But if such price fluctuations are confined to a certain number of countries, the impact should not be underestimated.

The same unit of manufactured industrial goods requires the consumption of one tonne of 62% grade iron ore, and the production in China is S$22.5 cheaper than that produced in the United States, so the products in China are more competitive than the United States in the market of S$22.5.

Not only iron ore, but all metal minerals from iron ore to rare earths, the United States and other non-members of the Earth Defense Alliance will passively accept this "unequal treaty". Unless they pack up their things and leave, don't use the space elevator, and don't go to the ports of the new country, they can only pinch their noses and admit the 50% heavy tax.

It is foreseeable that with the gradual deepening of the development of space resources, the 50% defense tax will become a burden that cannot be shaken off on non-member countries. In the long run, the market competitiveness of the GDA member countries will only grow stronger, and at some point in the future, non-member countries will be completely left behind.

As a result, the weakening of the US dollar and the strengthening of the Singapore dollar are almost predictable.

For Wall Street, this is absolutely too bad news to be bad. (To be continued.) )