Chapter 666: Reparations and Foreign Exchange Reserves!

"The Republic of Germany with the greatest sincerity, and the largest amount they can repay, should be 12 billion New Tang dollars."

"And now let's calculate, Britain and France, you two, counting the national and the people, are almost 7 billion New Tang dollars, by the way, you owe us the Pacific Empire."

"There are other countries, add it up, it's about 10 billion."

"Germany also owes us the Pacific Empire, this part, the same as the original Austria-Hungary, oh yes, now they are Austria and Hungary, and the sum of this debt is about 5 billion New Tang dollars."

"And now that the impasse has given France reparations in Germany, then they will definitely not be able to repay the debts of our Pacific Empire, and at the same time, it seems that there is no way to repay the debts of Britain......"

"British! You bastards! Actually lent money to Germany! ”

"Private lending! Folk! ”

"Alright, gentlemen, we're going to hear Mr. Rockefeller first."

Rockefeller figured it out, and he brought all the debtors together, and he basically had a solution, but what was going on...... Also, the British lent money to the Germans during the war, which was a bit too much.

Li Mengyang is not the only person who has no discipline, but the British pursue a free market economy, freedom, and it's hard to say anything.

So, the debt situation is pretty much the same now, and the first point is, France, you have to accept the price.

"12 billion New Tang dollars?" The French minister frowned a little, but in total, it seems to be about the same as the price shouted by France before, the previous one was 30 billion gold francs, which is really only a little less when converted.

It seems that this deal can be done......

"You France agree! Anyway, it's not a lot...... "from the British side." It's that Edgar Cecil, this guy came out to persuade the French.

In this case, the accountant Luo has calculated the accounts clearly, and the British side is still persuading, so let's just do it.

"Okay! That's it, 12 billion New Tang dollars. ”

The French side is basically done. But......

"Then we don't have so much money in Germany!" Something happened again on the German side.

12 billion New Tang dollars, this is Germany's GDP for almost more than 1 year, and they still can't pay it.

But though, there's Luo accounting.

"It's also simple, it's to extend the number of years, and then pay it back year by year, and I have calculated how much it is, almost 1 billion New Tang dollars."

"1 billion?"

"Well, that's it."

"Then we can't afford to pay it back!"

"It's okay......" This Luo accountant came up with another solution.

In simple terms. Germany has no money and its economy is collapsing, so it needs to activate the economy, so what can be done about it?

"With the new Tang Yuan of our Pacific Empire as collateral, your country will use it to issue its own currency, a new currency, to replace the mark, which is already similar to waste paper, and so on. Germany's economy should be able to recover, and after recovery. Then 1 billion New Tang dollars a year is also completely possible to be repaid......"

"This ......"

I have to say that Rockefeller's plan is very representative, and it is also very feasible and targeted, and the current German economy, in fact, the whole country has not been destroyed. The industrial system is still there, and what is missing is real money...... It's all gone.

And if the New Tang Yuan is used as collateral to issue currency, then this gives the new Deutsche Mark a credit base. In this way, isn't it the solution to the current problem?

So what about it......

"Our Pacific Empire is ready to lend Germany another 500 million New Tang dollars as the principal, and this thing, forget it, we should call it foreign exchange reserves, right? What do you think? This is a statement put forward by the Great Majesty, and I was afraid that you would not understand it, so I never said it. ”

"Foreign exchange reserves?"

When Rockefeller put forward this new word foreign exchange reserves, everyone present was a little confused......

It's no wonder if they're not confused, because they've never heard of it, and the people who can appear in such a meeting, then their level is not low, but they really haven't heard of this word, and they really don't understand what power it has, so ......

Take a break for a while...... It's just that everyone goes back and counts it.

"Oh my God!"

When Edgar Cecil mentioned this in the British cabinet, the first thing that broke out was that Balfour.

"......" To be honest, this voice made Edgar a little embarrassed to mention Balfour, as for such a fuss?

But......

"Gentlemen! Can't you see the gravity of this incident? This is, in fact, an economic aggression by the Pacific Empire against Europe! "Balfour is like crazy.

Isn't this a bit excessive?

Even in the British cabinet, there are no wine bags and rice bags at this time, but these people still don't quite understand.

Balfour immediately continued: "What a simple truth, as long as Germany uses the New Tang Yuan as a foreign exchange reserve, and issues currency with it, then this forms a very natural credit relationship, that is, the New Tang Yuan is pegged to gold, and the Deutsche Mark is pegged to the New Tang Yuan. That's right, the main countries in the world now are on the gold standard or double standard, but it doesn't matter, and in the future, there will be another standard in Germany, the New Tang Yuan standard! ”

This reason is actually not difficult, that is, the Deutsche Mark is issued on the basis of the New Tang Yuan, so it will naturally produce such an effect, that is, the New Tang Yuan is equivalent to the status of gold in Germany.

In fact, this thing is also happening at this time, because the depreciation of the old German mark is about to become waste paper, so what Germany really has purchasing power now, in addition to gold and silver, is the new Tang Yuan, of course, there is also the pound, but it is ......

"Gentlemen! Don't you understand? If this thing is successful, then the New Tang Dynasty Yuan will become a foreign exchange reserve. But what about our pounds? ”

"Oh! Oh, God! ”

"I see!"

By the way, this time the cabinet members all understood, because it was very simple, the currency of the New Tang Dynasty Yuan became a standard, but the British pound did not become the standard, and among them. In fact, it is a very simple difference, that is, the New Tang Yuan has made Germany's foreign exchange reserves, while the British pound has not!

It should be said that this distinction is really easy to ignore, because the current situation is that no one will deny the value of the pound, the purchasing power of the pound, and the value of hard currency, but you just don't go that way. You didn't say, 'As long as you have my pounds, then you can issue your own currency'.

That's right, it's just a sentence like this!

Of course, it's not actually that, but this last step, and now it's just not done, no.

And if the new Tang Yuan did this. So......

"However, there is a big problem here. Could it be that the New Tang Dynasty Yuan had enough gold to guarantee it? ”

Well, I have to say, that's a key question.

"Of course." Balfour immediately replied, "It is estimated that the Pacific Empire now has at least 3 billion pounds worth of gold!" ”

"Oooooooooo......oo

"£3 Billion ......"

The people in the cabinet have also seen the market. But when they heard this number, they were still surprised.

If you look at GDP, then the UK is definitely much more than that, but it is. The UK's gold reserves are only about 500 million pounds, well, that's a ridiculously low figure, but ...... In fact, in terms of quantity, it is not low.

In other words, such a huge GDP of the United Kingdom is actually guaranteed by 500 million pounds of gold, and the huge amount of pounds issued by this is not only circulated in the UK, but is still a hard currency in the world.

So is this a fool? It's a little bit, but the so-called economy, which itself has a rather bubble nature, the nature of a dream, but it's just that, this bubble, these illusions, belong to the controllable, and can't really burst the bubble.

The truth goes on, for example, in the financial world, what is the most terrible situation?

Run!

When people take their money out of the bank, and most people do that, that's the scariest thing about that.

And the most terrifying thing is ......

All take the money out of the bank!

By the way, if this happens, then finance will cease to exist, because ...... There is simply not that much money in the bank!

If there is only one bank in a country, and the people keep their money in the banks of the country, then the bank must have the money of all the citizens of the country, and even she will give interest to the people, but ......

If all the people want to get their money out of this bank, then this bank will definitely not satisfy everyone!

Didn't the money go to the bank? So why hasn't it come out yet?

It must not come out yet, no bank in the history of mankind can do this, absolutely can't do it.

But......

This is not going to happen!

None of the history of mankind, including the future of mankind, would ever have happened when all people took their money out of the bank.

Therefore, the fundamental bubble cannot be burst!

To put it bluntly, the bubble itself is there, and it can't be squeezed clean, so the Pacific Empire's gold reserves of about 3 billion pounds are definitely a super large capital, enough for them to play!

So......

"What shall we do, Mr. Balfour?" Although they are relatives, but after all, in the cabinet, Salisbury certainly wants to shout like this.

"......" everyone is staring at this future political star.

Balfour frowned, and finally had to say: "Let's go to the Germans and tell them that we can also become a reserve currency!" ”

This method......

Don't really say it, it's not creative, but it's not bad.

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