840th U.S. Debt Crisis III
Chang Ruiqing vaguely remembers that there was such a saying in the later generations of another time and space: "Whoever controls oil controls all countries; Whoever controls the grain will control the human race; Whoever has the right to issue money controls the world. ”
In Chang Ruiqing's original time and space, the United States controlled the Middle East, so it controlled oil, the United States was the world's largest grain exporter, so it controlled grain, and the dollar was still the world's most important reserve currency, which can also be said to have the right to issue currency.
However, a rising power needs to buy oil from the Middle East, which is controlled by the United States, and its dependence on the international grain market is also increasing, and the money earned by the people as coolies is exchanged for dollars to buy US Treasury bonds......
However, in this time and space, the situation is obviously different, the Arab empire supported by China controls half of the oil in the Middle East, and in the future territory of the Great China Federation, in addition to a series of oil fields in China and Southeast Asia, it will also control the largest Tyumen oil field in the Soviet Union (Russia), and also has the same rich oil resources in East Siberia and Sakhalin and Central Asia. Although it can't be said that the oil is completely controlled, at least it is half controlled! In addition, the prospects for China's grain production are also very good, and after mastering Siam, the Far East, Western Siberia, and Kazakhstan, which are extremely potential grain-producing areas, as long as they are rationally exploited and utilized. In the future, there will definitely be no problem with food self-sufficiency, and even if there are really 2 billion people, the problem of food will not be manipulated by other countries. Then there is another one that is said to have the right to issue the world's currency. China has to fight for everything! Of course, it is impossible to master it all, but why do you have to make Huayuan compete with the dollar and the mark, right?
Therefore, after the victory of the world war has been completely locked, what Chang Ruiqing wants to win for China most now is the status of Huayuan as the main international reserve currency. As long as this goal is achieved, China will have a considerable say in the three areas of world dominance: oil, grain, and currency. These three things can not be said to be the foundation of eternity, at least they are also the foundation of hundreds of years of hegemony! As for how to develop the manufacturing industry. But it is not Chang Ruiqing's concern, because he knows that the future Great China Federation has integrated China and Japan, the two world factories of later generations, even if the current industrial economic structure is somewhat unreasonable. In the future, it will definitely be able to adjust in place and become a world industrial power alongside the United States and Germany.
Therefore, there is no need to worry too much about this, and the federal government can even gradually withdraw from direct intervention and control of the market, and leave everything to the market to solve...... In Chang Ruiqing's opinion. Wait until the end of this world war. The Great China Federation can make the transition from state socialism to democratic socialism, because the goal of becoming a strong country has been achieved, and how to enrich the people in the future cannot be solved by the government by directing the concentration of resources in certain industries -- the so-called state socialism is actually a mode of social production organization that combines "planned economy" and "private ownership" in the economy. The Chinese government, through the directives of the State Planning Commission, can directly direct the production and investment of large public and non-public companies, and use this means to direct resources and capital to the field of heavy industry and enable it to achieve unconventional development. This is also the reason why China has been able to build a large number of large-scale heavy industry enterprises in just a dozen years (in fact, it is a late-developing country and region in history. Since Prussia, most of them have adopted this method to give birth to certain industries in the early stages of development, and the effect is still very significant).
However, this set of measures cannot be carried out forever, because running enterprises is not something that government officials can do well, and if government officials continue to be used to direct enterprises instead of the market, sooner or later the vitality of the country's economy will become lower and lower, and finally it will become a pool of stagnant water. Moreover, the sooner the transition from state socialism to democratic socialism, the better, because if the time drags on, we are afraid that interest groups will form in collusion between officials and businessmen, and it will be very difficult to carry out changes and reforms at that time. Therefore, Chang Ruiqing has decided to start the economic market-oriented reform immediately after the end of the war, even if it pays a certain price for this, it must be implemented. And he is now anxious to win the status of an international reserve currency for Huayuan, in fact, in order to "create a sufficient amount of capital for domestic consortia to tide over the difficulties, so that the shock of this market-oriented reform will not become a good opportunity for international capital to take advantage of the situation and control China's economy."
But his behavior of elevating the status of Huayuan is actually a kind of pulling out seedlings, and if he wants to succeed, he must be recognized by the two largest economies in the world, the United States (Americas) and Germany (Europe)!
"Mr. Prime Minister, can I understand that you want the United States to help establish the status of the Chinese dollar as the world's three major reserve currencies?" After Hopkins was silent for a long time, he finally figured it out, he looked at Chang Ruiqing and said: "I recognize the potential of the Great China Federation, and I also admit that Huayuan has a broad future, but the potential and the future are only a possibility, and there is still a lot of uncertainty. ”
"The American Community has a bright future, but it also has great uncertainties!" Chang Ruiqing said lightly: "And I have also noticed that the relationship between the United States and Britain has been getting closer and closer recently, presumably Mr. Hitler and Germany don't want to see such a thing happen, right?" Now their power is being used against the Soviet Union, and they are not free to deal with Britain and the Americas, but how long can the Soviet Union resist? ”
When it comes to the relationship between the United States and Britain, Hopkins's face becomes solemn, Britain is not willing to lose its two largest colonies, Canada and Australia, after possessing the nuclear fission bomb, and does not want the economic collapse of the British Empire to become a poor country, so Churchill secretly visited the United States in March and reached a series of cooperation agreements with Roosevelt. The United States greatly accelerated the progress of the Manhattan project in the United States with $4 billion in loans and technology transfers, plus concessions on the Canadian and Australian issues and in favor of the survival of the British Empire, in exchange for 60 kilograms of weapons-grade plutonium-239 and all the technical information on nuclear fission bombs in the hands of the United Kingdom. on this. Hitler and Germany must have been extremely dissatisfied, but because the Soviet question had not yet been settled, they were powerless to retaliate against the United States and Britain. But at the moment, the strength of the Greater German Reich looked a little intimidating. Roosevelt and Churchill were somewhat weak-minded after reaching this series of somewhat anti-German agreements, and as Roosevelt's confidant, Hopkins knew this very well.
"Mr. Prime Minister, can I understand your words in this way, if the United States supports the Chinese dollar to become an international reserve currency with concrete actions, China will stand with the United States to jointly maintain peace in the post-war world?" Hopkins asked tentatively.
"Of course not." Chang Ruiqing smiled slightly. Looking at Hopkins seriously, he said: "It is inevitable that the Chinese dollar will become an international reserve currency in the future, and we can do it without the support of the United States, although the process may be a little tortuous." But the result will not be any different. Therefore, we will not turn against our long-time best friend for the sake of this inevitable outcome, and if the United States is now willing to give us the necessary support on the issue of the Chinese dollar, then we are willing to remain neutral in a possible future conflict between the United States and Germany, and to intervene if necessary. lest the shape shì get out of control. ”
Hopkins looked disappointed: "Mr. Prime Minister. Is that all? ”
Chang Ruiqing was silent for a while, and then smiled: "In addition, we can also bear Japan's compensation obligations, but it cannot exceed 1 billion US dollars, of course, we will pay with 6 billion yuan of 50-year Great China Federal Treasury bonds, with a coupon rate of 3% per annum." ”
A 50-year bond with a coupon rate of only 3%! Hopkins said to himself: "What's the difference between this and paying a debt? If there is a difference, it is used to deceive those Japanese devils who do not know the truth! Well, it can also be used to fool voters in the country, and finally get some reparations. It is more or less a result, saving those newspapers in the country from always shouting something 'standing for the country'. ”
Come to think of it. Hopkins nodded noncommittally, looked at Chang Ruiqing and said slowly: "Mr. Prime Minister, what kind of help do you want the United States to provide for the internationalization of Huayuan?" ”
"First, Huayuan became one of the reserve assets of the U.S. Federal Reserve; Second, the Fed needed to buy at least $20 billion worth of Chinese dollar bonds over the five years from 1936 to 1940; Third, the Chinese dollar and the U.S. dollar have become the trade settlement currencies between China and the United States at the same time, and all major banks in the United States should carry out the business of exchanging the Chinese dollar into huàn. ”
Chang Ruiqing crossed his fingers and put forward three well-thought-out conditions. Although the US imperialists in this time and space were lackluster on the battlefields of World War II, the domestic economy of the United States prospered because of the needs of China and the Soviet Union before the war, as well as orders from China, Britain and Germany, and of course the US government itself. Therefore, although there are three centers of power in the world, Berlin, Nanjing, and Washington, the international financial and economic center is undoubtedly New York. If the Federal Reserve can now use the Chinese dollar as a reserve currency, and if it has purchased $20 billion worth of Chinese dollar bonds for five consecutive years, and if the major banks in the United States still carry out the business of exchanging the Chinese dollar for huàn, then the international status of the Chinese dollar can basically be established. As for the $20 billion Chinese dollar bonds, it was given by Zhang Junmao, Zhang Gongquan, Chen Guangfu and others.
They believed that the five-year period from 1936 to 1940 would be a crucial period for China's economy to shift from wartime to peace, from state regulation and control to a market economy, and it would also be a very difficult period in which capital injection was very needed. In addition, since China's central bank had already over-issued a large amount of Chinese yuan currency before and during the war, and a large amount of funds were needed for post-war reconstruction, further over-issuance of currency was inevitable! Therefore, what Zhang Junmai, Zhang Gongquan, Chen Guangfu and others are most worried about now is the emergence of severe inflation after the war, which will constitute a severe blow to the Chinese economy in transition! The internationalization of the Chinese dollar and the demand for the United States to purchase at least $20 billion of Chinese dollar bonds are Chang Ruiqing's prescription for currency over-issuance...... That is, to let the United States help China share the costs of inflationary pressures and economic reforms, well, this trick looks familiar, and naturally our Premier Chang Da came from the later generations.
……
The world war has come to an end, and the White House, the power center of the United States, which was already a bit of a soy sauce "winning country", seems to have regained its pre-war tranquility and leisure, and suddenly an angry roar broke this tranquility.
"Chang Ruiqing!"
In the waiting room outside the Oval Office, the U.S. civilian and military officials waiting to see the president all looked at each other. Hearing this roar, they knew that the national interests of the United States had been violated by her allies again...... Some time ago, Roosevelt would often grit his teeth and shout the words "dead fat" to scold Churchill, who had transported three nuclear fission bombs that had just been built to a British military base in Canada. Then very politely demanded that the US military withdraw from Canada, and then proposed a "fair deal" of several dozen kilograms of plutonium-239 for billions of dollars, and also asked the United States to support Britain on the Australian issue! This kind of demand, which was known at a glance to be blackmail, was of course satisfied in the end, and afterwards Roosevelt said to reporters with a shy face: "...... The United States and Britain are natural allies, and to help Britain is to help the United States itself, and we have also received from the British what is most important to the national security of the United States - nuclear fission weapons! So I am very happy with the terms of a series of cooperation agreements with the UK! ”
MacArthur looked at Roosevelt with a look of shame, knowing that Roosevelt would soon have to say something similar to that to reporters — that China would also be a natural ally of the United States. Helping China is helping the United States itself, and we will get the most important ...... for U.S. national security from Chinese Well, there's always something. Anyway, the United States, the world's number one economic power, is about to become the world's number one fat sheep. Even the United Kingdom, which is on the wane, can come to slaughter it, why can't the powerful Great China Federation come to slaughter it?
And the culprit of this qiē seems to be the US ** team led by Admiral MacArthur! Their appearance on the battlefield is really chilling...... Even MacArthur himself did not have the face to be the chief of the General Staff again, but his resignation was repeatedly rejected by Roosevelt, because Roosevelt really could not find a more suitable person to be the chief of the general staff who was destined to be evaluated by later history books as "the most incompetent general of World War II".
It is very humiliating to say why MacArthur, the most incompetent general of World War II, came to see Roosevelt now. He came to the White House to rescue American GIs who had been captured by India! Now the prisoner of war camps for the Chinese and Germans have long been overcrowded. However, many of the prisoner of war camps built by the United States on their own soil are empty, and there are not many "lucky prisoners of war" living in them. Moreover, after the end of the war, most of the few prisoners of war who lived in it took green cards and became American citizens......
But the Americans treated prisoners of war preferentially (by the standards of the American broads. That kind of life is to go to jail) does not mean that the Indian Asan will treat American prisoners of war with the same standards! In fact, American prisoners of war did not need preferential treatment, only that the Indian A-3 acted in accordance with a certain Geneva Convention. The United States was allowed to send things to the prisoner of war camps in India. Historically, American POWs who were captured by the Germans lived on domestic parcels, and it is said that there were leftovers to help the Soviet POWs who were held with them. However, the American GIs captured in this time and space are the Indian Asan, who has not signed the Geneva Convention, and does not recognize the International Red Cross, and naturally does not allow the prisoners of war to accept the packages sent by their homeland, so the American prisoners of war who are still in India are living a hard life in the dark! What's even worse is that I don't know when it's a head? Because the Chinese war of aggression in India seems to have been abandoned halfway, and there is no Chinese to save, when will those poor American prisoners of war return home and reunite with their loved ones?
"Mr. President, I suggest that it be easy for me to ask the Chinese to come forward and negotiate the issue of prisoners of war with India."
MacArthur knew that the United States could not escape being stabbed by China...... The $20 billion Chinese bond was bought, and now the discussion was about what the Americans could get China to do for help, so he hastened to put the prisoner of war issue on the table.
Roosevelt's face was gloomy, the United States, the "victorious country", was really an out-and-out paper tiger, and even the tens of thousands of prisoners of war captured by India and Ah San had to be begged for by the Chinese. He looked at MacArthur and gritted his teeth, "Can't we just drop a nuclear fission bomb in Bangalore?" ”
MacArthur shook his head in embarrassment and said, "Mr. President, according to reliable information, the Indians have used our prisoners of war in several of their large and medium-sized cities as meat shields, if ......"
"That's it! Stop it! Roosevelt turned his head away from the "most incompetent" chief of the General Staff, but looked at Secretary of State Hull with expectant eyes: "Cordell, do you have any good ideas?" ”
Hull shook his head slightly, took a deep breath, and said solemnly: "Mr. President, I think that the request Chinese is now good for the United States......" (To be continued......