Oil is settled in Polish dollars, which means that the Allied bloc will use a large number of Polish dollars in order to import oil, and the banks of various countries will have to use the Polish dollar as a reserve currency, so that the Polish dollar will be placed in the position of an international currency, and the Boston Empire will be able to rely on the exchange rate fluctuations of the Polish dollar, which will have a significant impact on the economies of various countries.

The most terrible thing is that the Boston Empire acted in full accordance with the contract, without the slightest violation, and if the Allies repented, they would lose their righteousness, and there would be considerable damage to the country's image, and if they went to war with the Boston Empire because of this, it would be against their plot to bring disaster to the east. At that time, although the countries knew the impact of the world currency on the economies of various countries, but how big the impact was, because there was no precedent, they did not know the way, and under the country's general strategic direction, they had to acquiesce in the small actions of the Boston Empire.

The Allied bloc was initially tied to the interests of the Boston Empire, but the Chinese Empire was not moved at all, first completely canceling foreign oil imports and switching to balancing from within NATO. In addition, Gao Hongqi, president of the Chinese Imperial Iron and Steel Industry Association, who was responsible for the mining negotiations with the two mining companies of Booker and Rhodes, directly announced that the negotiations would be stopped, and all the Chinese negotiators would return to China, and the Chinese Empire would no longer buy any iron ore from the Boston Empire, and at the same time reduce the share of foreign sales of special steel.

On the same day, the Chinese Empire announced the discovery of an open-pit iron ore vein on Yizhou Island, with an iron content of more than 70% and a preliminary estimate of 400 billion tons.

As soon as the news of the Chinese Empire was announced, the Boston Empire was dumbfounded. Iron ore is different from oil, oil is a new type of energy because of its wide use, it has always been in short supply in the world, so even if NATO no longer buys oil, it will not have much impact, the demand in the Boston Empire and the countries of the Western Continent alone is enough to eat up all the oil production, but iron ore is different.

The only use of iron ore is for steel smelting, and due to the early construction of the Western Continent and the Boston Empire, the domestic demand for steel is not strong, which is also a reason why the scale of their steel industry cannot compete with the Chinese Empire.

More than sixty percent of the world's iron and steel industry is within NATO, and all high-grade special steel comes from NATO. What's more, NATO, a major importer of iron ore, no longer imports iron ore, which is tantamount to a fatal blow to the two mining companies, Booker and Rhodes.

The two mining companies of Booker and Rhodes were first dumbfounded, because of the continuous growth of iron ore consumption in the Chinese Empire in recent years, the two mining companies desperately expanded their production capacity, but now the orders from the entire NATO have disappeared, resulting in serious overcapacity of the two companies.

The amount of money to be invested in the expansion of production capacity is absolutely astronomical, so the cancellation of NATO orders is not just a matter of overcapacity, the problem of a break in the capital chain due to the large amount of liquidity being tied up is enough to bankrupt them. The two mega-corporations that operated the iron ore prices in the world were supposed to be high, and the steel industry unions of the Chinese Empire were just a slight wave of their hands, and in the blink of an eye they became poor worms on the verge of bankruptcy, which greatly stimulated the Boston government.

These two companies are the big tax collectors of the Boston Empire, and they are related to the survival of a series of industrial chains, which has too much impact on the country, so the Boston Empire has to borrow money from the National Bank to maintain the company's operations, and at the same time increase investment in the steel industry, so that they can digest more iron ore, but even so the consumption of iron ore can not fully compensate for the loss at once, and the two companies have to reduce the production of their mines by half to cope with the crisis, fortunately, with the support of the government, they will not be completely bankrupt.

The large increase in production of steel mills can also easily cause a surplus of products, but due to the introduction of quantitative easing policies in the Boston Empire, a large number of investments have risen, and banks have lent money to a large number of people who want to start businesses, so that they can rely on the funds in their hands to build the country, which greatly promotes the consumption of steel and steel, so that the expansion of steel enterprises will not be excessive, which is also crooked.

The Chinese Empire simply stood by on the sidelines of the Boston Empire's practice of linking oil to the Boyuan Empire. Lin Feng was very clear about the idea of the countries of the Western Continent bringing disaster to the east, so this time, after the Western Continent was forced to implement Boyuan, the Chinese Empire did not rely on its own oil reserves to attack the Boston Empire's plan.

After discussing with Fang Ruijun, Lin Feng and Fang Ruijun decided that the Chinese Empire would not take any action on this matter, sit back and watch the contradictions between the Allies and the Boston Empire deepen, provoke a war between the two sides at an appropriate time, and then support the Allies to attack the Boston Empire, so that they could weaken two opponents at once.

Despite the complete failure of the iron ore strategy against the Chinese Empire, the perfect success of the domestic quantitative easing policy and the oil wave yuan bundling policy still allowed the Boston Empire to create a miracle in this year, the GDP growth rate reached 20% for the first time, and the Boston Empire finally broke through the trillion mark with a GDP of one trillion yuan, and once again narrowed the distance with the Chinese Empire.

For the crazy development of the Boston Empire, the Chinese Empire was unmoved, and still increased the country's strength at a steady pace, even the parliament asked the government to implement quantitative easing policies to stimulate economic development, but was vetoed by Fang Ruijun, which is also the greatest right given to the emperor in the constitution.

At a time when the countries of the Western Continent were laughing at the rigidity of the Chinese Empire and adopting policies similar to those of the Boston Empire to stimulate their own economies, no one expected that a new economic crisis had been quietly planted.

Regarding the false prosperity of the Boston Empire and the follow-up actions of the countries of the Western Continent, Fang Ruijun saw it in his eyes but did not express any opinions. As Fang Ruijun, who has been cultivated as a successor since childhood, Fang Xiaoyu has put a lot of effort into him, and for economics and finance is the most important course in addition to the art of the emperor, Fang Xiaoyu has explained in detail the advantages and disadvantages of all the financial and economic development directions on the earth, and he is naturally no stranger to quantitative easing.

He is naturally very clear about this policy, which can be called the atomic bomb of the financial world, and it is precisely because he has clearly understood its harm that when the majority of members of the National Assembly have repeatedly proposed the realization of the same policy in the Chinese Empire, he will try his best to suppress it, even at the expense of using a veto.

Many of the senior officials and parliamentarians are orphans who grew up with Fang Xiaoyu, and the others are also close comrades-in-arms who founded the foundation with Fang Xiaoyu back then, although they are infinitely loyal to Fang Xiaoyu, and Fang Ruijun is also obedient to his words, but in private, they think that Fang Ruijun's courage is not as good as Fang Xiaoyu, and he is just a king who keeps his promises.

Fang Ruijun did not pay attention to the private discussions of ministers and parliamentarians, but began to implement his own plan in every possible way, striving to speed up the collapse of this policy, so under Fang Ruijun's proposal, the Chinese Empire began to drastically adjust taxes, especially to reduce tariffs on luxury goods and various delicate electronic products, and stimulate them to export to various countries in large quantities.

Originally, the western continent was also a production area of luxury goods, especially Sardinia Island in the Grand Duchy of Sardinia and La Défense, the capital of the Nantes Empire, were famous luxury production areas, but with the destruction of the Great War and the rise of various novelty luxury goods in the Chinese Empire, the two major luxury manufacturing bases were gradually squeezed and shrunk, and the current situation is much worse than before.

Under the instruction of Fang Ruijun, the Guofeng Consortium led by his uncle Fang Dingguo and the Zhongxia Consortium led by his grandfather Xia Yuhui first began to expand the production capacity of luxury goods, which were exported to the Boston Empire and the countries of the Western Continent on a large scale, making a lot of profits.

Under the influence of quantitative easing, the wind of lending prevailed, and the people of the Boston Empire found themselves becoming rich almost overnight, and there were only a few people who invested when they had money, although the few people who invested accounted for the vast majority of bank loans, but there were still many ordinary people who first thought of enjoyment after having money.

Under the flood of hedonistic thoughts, all kinds of luxury goods from the Chinese Empire have become the stars sought after by these people, and high-end products such as computers, televisions, washing machines, refrigerators, and cars, which ordinary people dare not care about because of their high prices, have also quickly become popular.

In just one year, the computer penetration rate of the Boston Empire and the countries of the Western Continent surpassed that of the Chinese Empire, but behind this prosperity, a large amount of money was earned by the Chinese Empire, and these funds were changed hands by several major consortia of the Chinese Empire, which purchased various resources and shipped them back to China.

Although the Boston Empire and the countries of the Western Continent are becoming more and more prosperous at home, their hidden dangers are becoming bigger and bigger. The economic boom that relied on the printing of large quantities of money was a sham, because it was impossible to print money indefinitely, and inflation was getting worse at a time when the printing presses were running at full capacity, and the Chinese empire was fueling the flames with all kinds of luxury goods and high-end electronics. By the beginning of 919, inflation had reached an intolerable level.

The Grand Duchy of Sardinia was unable to bear it in the first place, the prices in the country were skyrocketing, while the people were indulging in pleasures and not wanting to make progress, and a large amount of the country's wealth was flowing out into the hands of the Chinese Empire, who were selling luxury goods, and the wealth created by the state could not keep up with consumption, in this case, they were forced to stop the money printing press, which had been running at full strength, and the government began to introduce a series of measures to cool the economy.