487: Their good deeds must be ruined
London, England, Herbert's life has been very unhappy recently, as the British Prime Minister, he should be the most dazzling politician in the whole world except for the king, but recently, several major events have happened one after another that have given him a headache. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
First, Tsarist Russia could not withstand the pressure on the battlefield, and thus was completely defeated, with the result that the Chinese Empire occupied large swaths of land without much effort. Immediately afterwards, the situation in the Balkans suddenly changed, and who would have thought that the stunned young man in Russia would suddenly make a mistake? Originally, Tsarist Russia was already at a disadvantage, and it was enough for other powers not to take the initiative to find trouble with him, but he didn't expect Tsarist Russia to put his life in front of the other party, and at this time only a fool would refuse to eat a bite of delicious fatty meat.
The loss of the Balkans by Tsarist Russia was a terrible situation for Britain, and no one would want to see this happen, which meant that all British ships passing through the Suez Canal would be militarily attacked by the Allies, which greatly weakened Britain's control over the Far East, and similarly, if it could not make a concrete decision in this matter to save face, then the consequences could be even more serious.
If it were just these two things, the British would not have such a headache, and now Britain can be said to have a bad year, bad luck one after another, in addition to the above two major events, there are also some recent actions of the Tsarist Russian opposition, which makes Herbert worry about this.
And the most sleepless thing for Herbert was the increasing expansion of the Germans' army, after receiving the support of tanks, the Germans were like clockwork, and new equipment was sent to the troops almost every day, while the negotiations between Britain, France, the United States and other countries on the side of the Chinese Empire were not going well, and the tanks they studied themselves still did not make any progress, which was too difficult.
Herbert was already busy with one thing after another, but this morning, Herbert had just come to the office and saw the document on his desk.
The title of the document is Investigation Report on the Movement of the Chinese Empire, and it is classified as Top Secret.
What the? Three billion? The Chinese are inevitably too bold, how dare they sell three billion bonds at once?
300 million Chinese dollars, about 450 million pounds, even if this money is put on the British, it is a huge amount of money, and the navy has been seeking to build more warships, and the cost of those warships is only millions of pounds, but Britain does not have the money to build so many warships in one go, and the international situation requires Britain to continue to invest in the world, so don't look at the British family's big business, in fact, they are also quite short of money now.
This report was personally written by the British ambassador to China, Sadaoyi, and it has his attitude towards this matter, although he is not sure, but one thing is certain, that is, the Chinese are absolutely not well-intentioned.
"Old man, take a look at this report first." Herbert recruited his own Chancellor of the Exchequer, David Murphy. Lloyd's. George, handed him the report.
In fact, Herbert has basically affirmed this report in his heart, because Herbert himself has also come up from the post of Chancellor of the Exchequer, and he is very clear about the financial situation, but he is also very clear that this matter cannot be decided by him alone, at least he must ask George first.
And Britain has another characteristic, their prime ministers are basically from the position of chancellor of the exchequer, perhaps, this can also be regarded as the British people pay more attention to the economy.
"Their approach is relatively novel, and it seems so perfect, the person who came up with this method must be a genius." After reading the entire report, George put it down with some admiration.
This method of operation is simply refreshing, and it can allow the government to raise a lot of money in a short period of time, but the problem is also very serious, everything can not only have a good side and no bad side, although this can get a lot of money, but once the repayment deadline is reached, the government can not pay the money, then it is bad.
If the government were to print money at full speed, the consequences would be even more terrifying, although theoretically it would depreciate by 50 percent, but in practice? I'm afraid I can't stop it 100 percent.
"This solution is very suitable for the current situation of the Chinese, and it is almost certain that it will not cause any side effects to them." George lit a cigar and took a sip of his flue.
"Oh? Old man, are you so optimistic about their plan? If we sabotage from it, then is it possible for them to break out into a crisis? Herbert asked, he also knows the answer to this question, but he wants to hear different voices, frankly general, Herbert is a little dislike the Chinese now, so he doesn't want to see the rise of the Chinese, but no way, he only took office last year, and the matter of supporting the Chinese was decided by the previous prime minister.
"Theoretically, it's still possible, unless we can encourage people who have bought government bonds to go to the banks to exchange for cash, but at most this will only allow the government to spit out the money they get back in hand, and it won't affect them much. And if you put this thing in two years, or three years from now, it will directly lead to a credit crisis for them, and it may even break out into a bigger problem. But obviously, we can't do that, the Chinese emperor has been put on the altar, and I don't think anyone but himself can encourage all the people who bought the bonds to go to the bank to exchange them.
And in order to make up for this loophole, he also adopted the bond circulation law to ensure that bonds can be used as currency, so for the people, there is no difference between taking money and taking bonds, and after taking bonds, there is still a lot of interest to take after a few years, why not?
Therefore, there is only such a theoretical possibility of destroying their good deeds. But if you think about it a little more, then you will find that this is not even a theoretical possibility. You know all of this, so why ask me again? George shrugged his shoulders and said only half of what he said.
"Yes, I know very well that we can't crack their move, after announcing the completion of the sale of three billion bonds, the Chinese immediately announced the opening of the auto industry, allowing domestic people to buy private cars, and greatly reducing prices, can you imagine?" A small car weighs less than 160 pounds, while in the UK, the same car costs about 240 pounds.
And cars are just one of the steps they have opened up the market, now more importantly, they have opened up the truck market, the Chinese have been concentrating on the development of domestic industry and commerce in recent years, their economy has been nearly ten times stronger than a few years ago, and these trucks can help them solve transportation problems very well.
In addition to this, they have built two national highways, one vertical and one horizontal, all of which are made of concrete, and these two roads are 2,700 miles (about 4,200 kilometers) long, and it is said that they are planning to build more road networks, which are now only these two road networks, and if they are combined with these trucks, then their cargo transportation capacity will be greatly enhanced, and they will no longer rely on trains as a single route.
And the biggest advantage of this is that the train has a large carrying capacity, which is more time-saving and money-saving, and when it is evenly distributed to the goods themselves, then a commodity worth ten pounds, after owning the road and the truck, then it may only sell for nine pounds, or less.
In this way, it will greatly stimulate the people's desire to consume, thereby directly driving the entire domestic market, if the operation is done properly, even if the repayment period is not reached, they will be able to repay more than half of the money in this way. And according to the common means of various governments, a certain percentage of the currency will be printed every year, so in a few years, this three billion bonds will not be any problem for them at all. Herbert told George what he had not finished.
George nodded, Herbert was right, and it was exactly what he saw, in fact, these things were written in the report, and it was normal for the same report to analyze the same results, which was an inevitable situation. How can a horse-drawn carriage with a load of less than half a ton compare with a truck with a load of several tons? than the price?
"Yes, so we can't spoil their good deeds, because we don't have the opportunity or the energy to do it." George responded, but after reading the operation methods of the Chinese, George couldn't help but also want to raise a sum of money through this means, and after thinking carefully, it seems that it is also possible to play this hand in the UK, as long as the amount is not large.
"I wondered, should we also follow their example and sell a bond? To be used to fill the gap in funds for the army? After a slight pause, George continued: "The Germans have been making too much trouble lately, and the Russians have a tendency to be irresistible, so we must be prepared for everything in advance. ā
"This matter can be discussed at the cabinet meeting in three days, but the problem we face now is that even if we know that it is unlikely, we must find a way to destroy the good things of the Chinese." Herbert shook his head violently, he knew the purpose of George's fundraising, after seeing this report, he also thought about doing so, but he must not be as alone as the Chinese, but Herbert's focus is obviously not in this regard, even if Britain does not have this money, it will not fall suddenly, but the Chinese get this money, they will take off in an instant.
And when is it? At such a juncture, the Chinese suddenly raised a large amount of money, who can not be nervous?
PS: Thank you for the monthly pass support of the Book Maniac! Thank you for the monthly ticket support of Book City Book Friends! Thank you for the support of Luya! (To be continued.) )