Chapter 616: The Financial Dispute

The most important embodiment of world hegemony is not the size of the country, the population, or even the economy and military, the most important embodiment is financial hegemony, which country's currency can become the currency of international settlement, that is, the undoubted world hegemon.

In modern countries, the government holds the right to mint money, and at the same time uses this power to collect seigniorage. Once it became the currency of international settlement, it was waiting for the country to collect seigniorage from the whole world, especially in the era of paper money, when a thin piece of paper had almost no value in itself, but it could buy all kinds of goods.

After becoming an international currency, it means that as long as you print a piece of colorful paper, you can exchange the hard-earned money of ordinary people in other countries, and the benefits are unimaginable. At present, the pound is still the main international settlement currency, and by the end of World War II, this figure remained at about 40%.

Americans and Britain have the same roots and the same species, and they know each other the deepest, and Americans naturally know Britain's purpose of becoming the world's boss, and they also know why this small island nation is desperately developing its navy. Because only the most powerful navy can control international waterways and, by extension, international trade.

After controlling international trade, the ultimate goal was to push the pound to the status of an international currency, and the British were able to make a fortune comfortably by printing paper with this privilege. The United States has long coveted this, and the declining British Empire no longer deserves world hegemony, and the new financial dominance must be handed over to the United States.

The reason why Roosevelt dared to do this was also because of the strong support, because the current manufacturing output value of the United States is close to 40 percent of the world's value, and its gold reserves are more than 70 percent, and it has incomparable economic advantages.

Comparatively speaking, after years of painstaking operation, China's manufacturing output value has exceeded 13 percent. In addition, there is a problem of underpricing of Chinese goods. The actual output can exceed 15 percent. But even then it is less than half that of the United States. And the gap in the technical level is even greater.

This was true of China, but even more so of other countries that were badly affected by the war, Britain had long since fallen below five percent, and the Soviet Union had fallen to a large area due to industrial areas. The manufacturing industry was only a pitiful three percent, and Roosevelt had an unparalleled advantage, so he dared to force Britain directly to give up its financial hegemony. The US dollar replaced the British pound as the world currency.

Everyone present is the top people, Roosevelt's calculations, everyone is clear, but the mind is completely different, Stalin is the most relaxed, he has long proposed that the planned economic system and the market economic system are two parallel lines, never intersecting, the Soviet Union in the share of international trade is pitiful, and they are all in his own small circle, so Stalin did not have any worries at all. It's all a good show, and he wants to see how these ugly capitalist countries compete.

Churchill's reaction was the most violent. Roosevelt was stabbing him, Lao Qiu usually obeyed Roosevelt as much as possible, but at this critical moment, he had to argue with Roosevelt.

"Mr. President, the pound is very strong and widely accepted by the world, I don't think there is any need to change the international trade order rashly, this will only make most countries unable to adapt!"

"Mr. Prime Minister, I am sorry to tell you that there have been a large number of counterfeit pounds on the market, the number is unimaginable, and I think this will seriously threaten the stability of the pound, so I make this proposal!"

Qiao Yu listened on the side, Qiao Yu was very clear about the problem of fake pounds, in fact, many of these fake pounds were made in China, Qiao Yu made a fortune by making holiday dollars at the beginning, and the number was getting bigger and bigger, which seriously affected Japan's financial security.

After a large number of counterfeit coins appeared on the Japanese market, there was a serious panic among the Japanese, who exchanged their banknotes for gold as a way to ensure safety. As a result, there was a serious run on the banks, and a serious panic spread throughout Japan, and finally the Japanese government had to dispatch the military and police to disperse the common people, and at the same time announced the abandonment of the gold standard, which had a serious impact on the Japanese economy.

Japan will be desperate to provoke the Pacific War, and it is also because of its financial embarrassment that it has no choice but to take risks. China can print the yen just as well as the pound, but the pound is the most technologically advanced currency of our time, and it is very difficult to imitate. In order to prevent the pound, China hired a group of artists from Europe, and gathered a large number of mathematicians in the country to decipher the code, and finally came up with the pound sterling.

Now that the problem of counterfeit money has been exposed, China is not the main producer, the largest producer of fake pounds is actually Germany, Hitler in order to hit the British financial order, after the outbreak of World War II, began to print a large number of counterfeit money, he also tried to copy Qiao Yu's economic actions to Japan, so that the British lost confidence in the pound.

The amount of fake pounds printed in Germany even exceeded the amount of money issued by the Bank of England, and the US government did not know about Germany's plans, but it did find some counterfeit pounds, so Roosevelt used them to pressure Churchill.

Lao Qiu's fat face was very unnatural, and on such an occasion, he directly raised the issue of fake pounds, without giving Churchill any face, and the Americans' ambition to seize world financial hegemony was clearly exposed, and it had reached the point where it was impossible to hide it, and Lao Qiu's heart was extremely annoyed.

In a deep voice, he said: "Mr. President, even though the pound may have some omissions, this does not deny the pound's position in international trade. If the international financial order has to be reformed, I propose to become the International Clearing Union, which is the equivalent of a World Bank, to establish a super-sovereign currency, to adopt the method of multilateral settlement in international settlements, to fully take into account the interests of various countries, and to draw up a new plan for Mr. Keynes, an economic expert who has been hired, and I believe that it will be a perfect plan! ”

Qiao Yu suddenly interjected with a smile: "President Roosevelt, Prime Minister Churchill, the international financial order is related to the vital interests of every country, we should not only look at the present, but also pay attention to the development of the times, and focus on the future." I think the task now should be to carefully evaluate and then choose the most suitable plan from the various options, and not rush it! ”

Qiao Yu and the mud at this time, Roosevelt and Churchill are not good to argue anymore, after all, in terms of economic power, China is above the United Kingdom, is a big country second only to the United States, and is also the largest potential market in the world, Qiao Yu has a well-deserved right to speak on international financial issues, and the United States and Britain must also pay attention to the attitude of this ally.

The luncheon broke up unhappily, and there was a serious rift between Churchill and Roosevelt, and after Qiao Yu returned to his accommodation, he called Shen Hongmin to his side, "Tell me what you think of the debate between Roosevelt and Churchill?" ”

Shen Hongmin thought for a moment, and then said: "President, in order to compete for financial hegemony, the Americans have reached the time to meet the poor dagger, from the words of both sides, it can be judged that the United States wants to establish a bilateral settlement model, and gold as the cornerstone of international currency, for the United States, which has strong industrial strength and huge gold reserves, has great benefits. The British intended to devalue the role of gold and then use the multilateral settlement system to offset the advantages of the United States. I think China should also propose a set of international financial order, and it has mastered international trade, and there are too many benefits to our development, and our understanding of finance is much worse than that of the United States and the United Kingdom. ”

Qiao Yu basically agreed with Shen Hongmin's judgment, but it is not an easy thing to snatch the financial order, China still has a lot of shortcomings, even if a financial plan is proposed, it will definitely not be passed.

"Hongmin, do you think we can seize financial supremacy?"

Shen Hongmin shook his head: "Impossible, our economic strength is not comparable to that of the Americans, and we are not familiar enough with finance, so it is not realistic to want to compete with the United States." Moreover, I believe that China's main task at present is to work hard to improve its economic strength, especially to develop Nanyang and complete the national economic layout, so that it can have the strength to strive for financial hegemony. ”

For more than two thousand years, China has always been the world's rich and handsome, but in the last one or two hundred years, it has fallen into decline, but every Chinese has a dream of becoming a strong country in their hearts, and China will definitely not be just a big country, but will become a well-deserved hegemon and a superpower that leads the world in all aspects.

To this end, the Chinese government has also formulated a huge economic plan, of course, at present China is still lacking in economic strength, what is most needed is to take the entire Nanyang, make up for the shortcomings of China's resources, and turn the fertile land of Nanyang into China's largest granary, to ensure that no matter how China's population swells, it can have enough food, have food in hand, and do not panic.

In addition to solving the problem of food and raw materials, Qiao Yu also plans to build two island city circles centered on Singapore and Luzon, build a railway around the main islands, and build a port to ensure convenient travel between the islands. When the capital of Nanyang is built, China will be able to have a huge economic belt and urban agglomeration.

Bohai Rim region, Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing, Xi'an Luoyang line, Nanyang line. After the establishment of these six urban circles, they will definitely be able to compete with the Great Lakes region of the United States, and it is also possible for China to surpass the United States economically.

Although the United States seems to be powerful, in the long history of China, such a country is destined to be only a temporary opponent of China.

"President, although we don't have to compete with the United States for financial hegemony, we should also come up with a plan, which should be used as a bargaining chip to ensure that the new international order is as fair as possible."

"That's right, but I believe in the diligence and wisdom of the Chinese, and the United States is now setting up a stage, and we will put down his pot and face us." I believe that it will not be long before the name of the world's factory will change and fall into China! (To be continued.) )