Chapter 167, The Grand Canal
evening
London's Downing Street is brightly lit, MacDonald's cabinet is on urgent business, and as the government of the most powerful country in the world war, there are not many things that can make them so nervous.
And this thing that is happening now is precisely one of them - the pound has depreciated sharply!
Everyone was prepared for the depreciation of the pound, and since the abandonment of the gold standard, the government has printed a batch of currencies to solve the fiscal crisis.
The problem is that the pound is depreciating too fast now, according to the plan, they are preparing to depreciate the pound by 15 percent in three years, and now it has depreciated by almost 30 percent in less than a year.
It's okay, someone must be shorting the pound! But to their surprise, the two countries, the two main countries that are short the pound, have not yet gone all out, and even all the financial consortia in the world have not gone all out to block the pound!
With what they are doing, the pound cannot depreciate so quickly, and this is the crux of the matter.
"Your Excellency, there have been a large number of counterfeit banknotes on the market recently, and the degree of simulation is very high, and it is impossible for non-professionals to verify it.
The Ministry of Finance judged that these could be counterfeit banknotes, which accelerated the depreciation of the pound! Chancellor of the Exchequer Pitt said with a frown
"When did counterfeit banknotes appear? And who is behind the counterfeit banknotes? MacDonald asked with concern
"Within a month of our announcement that we were abandoning the gold standard, a large number of counterfeit banknotes began to appear on the market.
Because the degree of fidelity is so high, we didn't even notice it at first, and counterfeit money appeared in banks, let alone circulated in the market.
If it weren't for the chance that someone withdrew money at HSBC and found two sterling sheets with the exact same number, and asked for an explanation, we wouldn't know that there are a lot of counterfeit banknotes on the market!
Judging from the information collected so far, the circulation of counterfeit banknotes in the Far East is the largest, followed by the Americas, and the circulation in Europe is relatively small!
There are many sources of counterfeit banknotes, mainly in Japan, North America, Australia, Germany, Italy, and our own country, and counterfeit money appears almost at the same time.
Obviously this was premeditated, the mastermind behind the scenes was too vigilant, we just found out about the gangster, and then cut off the clues, and it is difficult for us to judge who planned it! Chancellor of the Exchequer Pitt said with a gloomy face
"There is no doubt that this must have been done by a few of our opponents, but how did they remotely control so many gangster organizations?" MacDonald affirmed
"Your Excellency, they didn't control the gangsters, they just issued a manual on the manufacture of pounds, made all the techniques of pound sterling made public, and then circulated them.
The above content is very detailed, including how the printing machine is produced, there are detailed instructions and drawings, as long as the spare parts are bought, two or three ordinary workers can follow the instructions and assemble them.
It can be said that in terms of pound manufacturing technology, they have gone ahead of us, and they have all been simplified to cottage production.
Because of the economic crisis, many people now choose to take risks, if we can't take measures in time, the pound will soon be rotten! Chancellor of the Exchequer Pitt said with a wry smile
The printing technology of counterfeit money is actually more advanced than that of real money, is there any reason for this?
A counterfeit money making machine, which can be assembled for only a few hundred pounds, is fully equipped with the possibility of large-scale circulation.
However, the value of the British pound is very high, and the profits from counterfeiting are very lucrative. It's still a time of economic crisis, and at this time, there is nothing you dare not do to survive!
"Okay, I can guess who did it, but it doesn't work, we don't have any evidence, we can only act as if nothing happened, and then find a chance to retaliate back!
Now the top priority is how to deal with the problem of counterfeit money, if it is impossible to solve this problem as soon as possible, then we will be in big trouble later! MacDonald thought for a moment and said
"Your Excellency, Prime Minister, since the birth of paper money, we have been plagued by counterfeit money, and we have never eradicated it.
There are only two ways to solve this problem.
First, strengthen supervision, destroy counterfeiting dens, and clean up those who dare to make counterfeits;
The second is to improve anti-counterfeiting technology and strangle the crisis at the source.
Now we have begun to take action, to improve anti-counterfeiting technology, it is not a day or two can be done, we have been doing it all the time.
It's just that this time it's very troublesome, the counterfeiters are too widely distributed, and it is difficult for us to catch them all! Chancellor of the Exchequer Pitt said with a frown
"Then let the Ministry of Foreign Affairs cooperate with you, if anyone dares to hinder the British Empire's fight against counterfeiting, it is an enemy of the British Empire, and we will not be polite to the enemy.
In short, counterfeit money must be stifled as soon as possible, otherwise we will be in big trouble! MacDonald said with an almost growl
The threat to the pound is too great for such a highly simulated counterfeit currency, and if it spreads, it won't be long before the pound becomes waste paper!
"Did Robin Hood the thief catch it?" MacDonald asked again
"Your Excellency Prime Minister, in recent times, Robin Hood has been lurking and will no longer come out to commit crimes, and we will not be able to solve this case in the short term!" Secretary of State Rice said with a wry smile
Robin Hood is no longer committing the crime, which is a good thing in the short term and can make the government breathe a sigh of relief, but not necessarily in the long run.
If they wash their hands from now on, then that's it, there are many cases in this world that can't be solved, and they don't care about adding one more.
If it comes back after a while, then the threat will be great, and the bankers will not have the patience to let the government investigate slowly.
"Then leave them alone for now, let's catch the counterfeiters first, maybe they have already changed their careers to do something else!" MacDonald rubbed his forehead and said
He still understands the lesser of both worlds, and for the British Empire, at this time, any threat is not as harmful as counterfeit banknotes.
If left unchecked, the British economy will soon collapse. Don't test the integrity of the counterfeiters, they have no bottom line!
……
Sofia
"Your Majesty, the Aqaba Bay Canal has been opened, and the gates can be opened at any time to release water!" Prime Minister Konstantin said excitedly
"Oh, that's great news, so let's open the floodgates! Being able to get the Grand Canal through ahead of schedule means a lot to us! Ferdinand said happily
From now on, the yoke of the British in front of Bulgaria ceased to exist. From now on, the two countries will share sea power in the Red Sea region.
But for the British, it's not so wonderful.
Politically, the Suez Canal's monopoly on the Mediterranean no longer existed, and the hegemony of the British Empire in the Mediterranean region was broken.
Economically, half of the ships that are navigated every year in the Suez Canal are Bulgarian, and now that the Canal in the Gulf of Aqaba is through, you can think about it with your ass, don't think about these tolls.
Even if they cut the price now, it will not be possible to save this part of the customer source. From monopoly operation to confrontation between the two companies, navigation fees will definitely be greatly reduced, which is undoubtedly a heavy loss for the canal company.
……