After talking to Yang Chao once, the Chinese delegation also changed its attitude, and joined the United States in calling on all countries to reduce Germany's debt, making a high-profile judgment that if Europe wants permanent peace, the European powers must give up fighting and make a complete reconciliation. Pen ~ fun ~ pavilion www.biquge.info

This argument was later adopted as a precept by the European Union.

But this is destined to be meaningless, the United States can play the reparations card, Britain and France can play the debt card, anyway, these two countries are now a little dead-faced, adhere to one principle, Germany must be responsible for the war, Britain and France borrowed money back then had to be paid by Germany.

Therefore, there is no reason to argue on this issue, and I believe that the Americans will continue to be active in Europe on this issue, because this is a card for them to cut into Europe, and the Americans may not want Britain and France to agree too early, so they will have no influence on Europe.

Therefore, these issues are contested, and no one expects to achieve any results, just to express an attitude.

The real core issue is still the naval issue, or whether the size of China's navy threatens Britain and the United States.

Security is always a core issue, and nothing is more important than national security, food security, oil security, just look at how many wars have occurred in later generations because of oil, but it is more important than these two, more direct, or the most direct military security.

Therefore, there will be no results on the Hong Kong issue, the Vietnam issue, and the anti-Chinese issue, but the armaments issue will definitely produce a result.

China resolutely does not agree to reduce its own armaments, and resolutely does not accept the joint proposal of Britain and the United States to reduce the size of the naval forces of various countries and ease the international tensions that have arisen since before World War I.

"In the four corners of our country, the United States has military bases in the Philippines, Britain has military bases in Hong Kong, and France has military bases in Vietnam.

"So, before the British give up Hong Kong, France gives up Vietnam, and the United States gives up the Philippines, we must have a naval fleet that can stand up to the great powers."

The British stated: "The naval base in Hong Kong is only for the purpose of safeguarding the interests of the British Empire and maintaining the peace of world trade, and is used to protect trade routes, and has absolutely no intention of threatening China." The presence of a British Imperial fleet in Hong Kong is the greatest guarantee of the interests of all countries on the route from the Straits of Malacca to the East. China should see it not as a threat, but as a way to uphold the international order. ”

The French stated: "The total tonnage of our military base in Vietnam and the total tonnage of the fleet does not exceed 100,000 tons, which is not a threat to China's national security at all, and we will not and will not threaten any country just to maintain French interests in Vietnam." ”

The American said: "China's military base in the Philippines will not pose a threat to Asian countries, and the United States has always maintained its desire for peace with countries around the world." ”

In all meetings, the off-site is always more lively than the on-field.

Yang Chao is one of the core focuses outside the court, and every day, diplomatic envoys from various countries openly or secretly ask to meet him and exchange various political opinions with him.

The Germans came, thanking China for its support and hoping that China would give them a loan that would allow them to stabilize the mark exchange rate.

The depreciation of the mark was so great that the exchange rate before the war was 1 dollar to 4 marks, and in the year after the war, the value of the mark depreciated tenfold in an instant, and 1 dollar could be exchanged for almost 39 marks.

This is because Germany issued too much currency during the war, and they simply did not have that much gold to back it up, so they had to depreciate.

The over-issuance of currency in the war was only the beginning, but then the German money printing machine could not stop, first they had to pay reparations, Britain and France knew that Germany did not have gold, so they could only accept German goods, and half of Germany's steel products became reparations to Britain and France. And it is impossible for the enterprises that produce these goods not to have money, who will give the money? It can only be given by the German government, and the government can only give paper money marks.

According to economic theory, money is the accounting unit of physical goods, as long as there is enough physical support, the currency will not depreciate, Germany did produce enough physical goods, but they all fell into the pockets of Britain and France as reparations, while paper money remained in the German market. This is the second factor of inflation in Germany, the additional banknotes issued for reparations.

The third factor is that the government, in order to curry favor with the population, has imposed social welfare increases, raised workers' wages, and provided loans and subsidies to various industrial enterprises in the hope of reviving the German economy.

The current government of the German Republic is a small government, and it has no prestige at all, and the Socialists, veterans, and all kinds of organizations are attacking the government and asking for benefits from the government, so the government only has the trick of printing money, and the fiscal deficit is unlimited to deal with the problem, so it can only cause inflation.

Yang Chao told the Germans that loans can be considered, but there must be collateral, and that Chinese banks are very risk-conscious, and no one will accept loans without collateral. But Germany really has no collateral, in terms of minerals, their iron ore coal base is occupied by the French, the minerals in the Ruhr industrial area are all industrial giants, as an industrially developed country, there are really not many undeveloped minerals in their country, and even if there is, there is no value.

Without a loan, the Germans asked if they could give Germany preferential terms of trade and allow their industrial products to enter China, Yang Chao said that he had no power to make a decision on this issue, and that it was unlikely that the Congress would accept it, and that Germany could only enjoy the same tax rate as Britain and France.

To be honest, everyone is not very happy to give Germany the current tax rate, because China's exports to Germany are really not good, first, because Germany's own industry is also very developed, on the other hand, Germany has no money to purchase materials in the world, as long as they have a little gold, Britain and France, especially the French, will come to the door to ask for compensation.

Later generations said that the German government was irresponsibly pushing inflation on its own in order to lose foreign reparations, which was so stupid that Keynes, an Englishman of the same generation, did not believe this, and he told the newspaper that unless the Germans were crazy, they wanted the country to collapse.

In fact, the German government has no choice, can it not pay reparations? Can the greedy and ignorant German people not be satisfied? These two points alone forced them to keep printing money, and the final result could only be collapse.

The Germans were disappointed that they had neither loans nor trade preferences.

In the second year after the end of the war, their inflation had reached more than 200 percent, and their excess currency was less than 50 percent, so it can be said that it had begun to collapse, and the speed of printing money could no longer keep up with the rate of currency depreciation. Continuing to print money is just looking for death, and now the Germans have to move towards death, in despair. But this can be understood why the Germans were so united in World War II, Adolf had been on his side until he committed suicide, and Mussolini was hung by the Italians on the flagpole.

Because the Germans remember it too well, they know what the cost of defeat is, it is difficult for them to bear.

"It seems that World War II is destined to be fought."

After the Germans left, Yang Chao couldn't help but sigh.

In addition, people from other countries came to communicate with Yang Chao, Belgium, the Netherlands, Italy, and even countries like Greece and Finland came to Yang Chao, the purpose is nothing more than a loan, with China lending 6,000 tons of gold to Britain and France, now in the world has become a rich man, in the eyes of everyone, the two words China are gold-plated.

Yang Chao found that the effect of these scarce loans was all some countries with no future, Belgium and the Netherlands were destroyed by Germany in World War II, and the Americans forgave the debts of these countries with a large stroke of the pen after the war.

Finland's loan Yang Chao agreed, because Yang Chao still has a good impression of this country, because this country is fighting for its own strength, and the Soviet Russian army of one million attacked Finland, losing hundreds of thousands of soldiers, but Finland's national strength decided that it was impossible for them to fight with Soviet Russia for a long time, so they still accepted the result of ceding land.

What is even more touching is that in the territory ceded by Finland to Soviet Russia, there are one-tenth of the Finns, who have chosen to give up their houses and land, and move to other parts of Finland with their families, and the Finnish government also fully bears the relocation costs of these people, and the poor give full compensation, and the richest people pay one-tenth of it.

After the outbreak of World War II, Finland stood with Germany, and later became a defeated country in World War II, and had to pay a large amount of reparations, but the Finns gritted their teeth to pay this reparation, they were the only country in World War II that completely paid off the reparations, even Germany did not do it, and Japan's reparations were exempted by one by one 'great' figures.

Therefore, if you lend money to such a country, you don't have to worry that he will default.

The discussion of the core issues among the delegates finally came to fruition, and all countries made concessions, with China demanding that Britain completely withdraw its military forces in Hong Kong, and France and the United States also withdraw its forces in Vietnam and the Philippines, so that China would accept a reciprocal arms reduction plan.

In the end, Britain and the United States made concessions, and Britain said that they only maintained a navy of about 100,000 tons in Hong Kong, and did not station capital ships such as battleships, and the maximum tonnage of the Hong Kong fleet would not exceed 6,000 tons; The United States also does not exceed 100,000 tons in the Philippines, and the maximum tonnage does not exceed 6,000 tons. And this is now the case with the French in Vietnam.

As a result, China promised to control each other's armaments, but there were great differences between the parties on how much to control.

The Americans said that they would control the capital ships of various countries to less than 520,000 tons, and the maximum tonnage of capital ships should not exceed 35,000 tons.

China is firmly opposed.

The total tonnage of the Americans' capital ships now is exactly 500,000 tons, which means that they can't build new ships, and the British Navy's capital ships are more than 600,000 tons, which means that they have to sink 100,000 tons, while China's capital ships have exceeded 650,000 tons, of which 20 super dreadnoughts have 570,000 tons, and the new ten new ships, each 35,000 tons, add up to more than 900,000 tons, which means that China has to reduce nearly half of its warships.

So I got stuck on this issue. (To be continued.) )