Chapter 1039 Checks and Balances of Power

"Alas......" Li Jianhua let out a long sigh with a worried expression.

His sad appearance, if the talented director Li Jiamao saw it, Bao Zhun'er would be surprised.

What else can Boss Li San, who is extremely wealthy, worry about?

Depending on the level of the station, the scenery seen is also different.

Li Jianhua knew that a few days ago, a French warship came to the port of Brisbane, which was transporting 122 tons of gold to the Australian mainland, and the final destination was the vault of the Royal Queensland Bank, which was one of the huge sums paid by the French.

Since the outbreak of the war in Europe, well, it is now called a "world war" in the newspapers, there has been an endless stream of warships transporting gold from Russia, Fuso, the United States, France and the United Kingdom, which has caused the gold reserves of the Royal Fund Holding Bank and other major banks to skyrocket.

And this is also the confidence of the Ocean Empire to further increase the issuance of currency, Li Jianhua even guessed; The seven major banknote issuers of the empire all have a certain degree of suspicion of over-issuance.

The Red River Valley has become a financial center in the pan-Pacific region, and the proportion of gold ocean in international trade and exchange has grown rapidly from 2.3%~2.5% two years ago to 12%~12.5% today, and continues to grow unabated, becoming the world's second largest currency in fact, surpassing the Spanish peso, the German mark and the French franc in succession.

Nowadays, people around the world are more and more willing to hold the stable and strong currency of the ocean, which is even more popular than the British pound.

Many wealthy people in Europe deposited their money in the overseas branches of the Ocean Imperial Bank and exchanged the money into gold deposits, and this major bank made another profit.

Due to the war factor

The franc has depreciated sharply, which is rare in history, and the pound has been affected by it, and the exchange rate has also fallen to varying degrees, and as for the Italian lira, the Deutsche mark has fallen even more fiercely.

Every bit of victory and defeat in the battle ahead will be reflected in the exchange rate.

The same is true for the Japanese yen and the US dollar, just take the United States as an example;

The total amount of war reparations of about $9.6 billion has been repaid for five years with interest at the outbreak of the Second US-Japan War, with a total amount of about $2 billion, and a total amount of about $7.5 billion in war reparations.

Now half a year of war has been fought

Due to the exchange rate and subsequent large loans, the scale of its liabilities increased instead of decreasing, and the total amount exceeded 10 billion US dollars, reaching 10.324 billion US dollars.

And that's just the U.S. debt to the ocean empire alone, and its total international capital liabilities have reached $17.726 billion, and this figure is still increasing rapidly.

In the first five years, the war reparations of the United States were about $413 million a year to repay the principal and interest, and now with the rise in the exchange rate, it has to repay about $465 million a year (excluding other normal loans to repay the principal and interest)

Because the people of the United States borrowed Jinyang loans, when repaying them, they had to use their local currency to convert the equivalent of Jinyang according to the exchange rate, and the stronger the exchange rate of Jinyang, the more money they had to repay, and countries such as Britain and France also faced this problem.

Gold Ocean is linked to gold, the so-called prosperous antiques, gold in troubled times, large-scale wars have led to a steady rise in gold prices, which has pushed up the exchange rate of Gold Ocean in disguise.

In war-torn countries, the outlook is uncertain, and currency exchange rates inevitably fall. Although it is said that the pound, franc and mark are all pegged to gold. But this only exists in theory, and the country will definitely have to over-issue money during the war, and no amount of money will be enough.

The longer the war is fought, the higher the total amount of loans, and the more needs to be repaid, which is a vicious circle that does not depend on the will of the individual.

At this time in time, it is the financial feast of the Ocean Empire.

Seattle

Governor's Office of North America

"Jianguo, I have to refuse your kindness, the family is strict, and I will never allow my Li clan to participate in various businesses in the society, it is a family rule to be self-conscious, how dare I dare to openly disobey?" With a smile on the corner of his mouth, Li Xiaozu flatly rejected Li Jianguo's suggestion that he would take a stake in the Somali Bank.

Li Jianguo's face was full of disappointment and the intention to persuade again, Li Xiaozu waved his hand and said; "There is no need to mention this matter, well, as long as the expansion of Somali banks in North America is reasonable and legal, and in accordance with the procedures, if there is a dilemma for the US side, the Governor's Office will actively negotiate and will never ignore it."

Can this be the same?

Li Jianguo wanted to shout depressedly in his heart, first of all, this is reasonable and legal, and if it complies with the procedures, it will not be able to move forward, and the mergers and acquisitions in the financial industry are full of blades and swords, and there has never been a group of harmonious words.

Why should someone run a well-run regional bank give you a merger?

In the normal mergers and acquisitions of commercial banks, they are also full of various suppressions, such as off-the-counter tactics such as salary extraction from the bottom of the kettle, forcing the merger party to give in, including government pressure, and finally promoting the merger at a reasonable or even preferential price.

Take 10,000 steps back

The merged bank is not the only one that can choose the Somali bank, the top ten powerful banks in the empire have set up branches in North America, and they are extremely influential in the financial industry of the United States.

The directors and shareholders of these merged banks generally do not choose to take cash, they are not bad for money, and most of them will choose the shares of the merged banks, so aren't Imperial Huitong Bank and Royal Shangri-La Bank stronger? Is the prospect brighter?

No matter how bad it is, you can choose Wells Fargo or Huiyuan Bank, which is at least two levels stronger than the Somali Bank, isn't it fragrant?

From either point of view, the choice of a Somali bank is highly unlikely.

What Li Jianguo wants is not national treatment, but supra-national treatment, which is the biggest problem in the development of Somali banks.

It is precisely this that Li Xiaozu can't give to him.

Rejecting the benefits worth tens of millions of gold at his fingertips, Li Xiaozu's expression was very calm, but he couldn't help but feel a little sorry in his heart, and after chatting with Li Jianguo for a while, he served tea and sent it off.

After the guests left, Li Xiaozu picked up a private letter written by Duan Changjiang and looked at it again, with a helpless smile on his face.

This letter was brought by Li Jianguo, obviously Duan Changjiang has been dazzled by huge interests, in addition to the ordinary trivial matters of parents, the main thing to say is the matter of participating in the Somali bank, and his opinion is that it can be done.

Anyway, they don't steal or rob, and other nobles do the same, and they can use their fiefs to mortgage the bank to avoid the suspicion of huge bribes.

"Yangtze River, you're still a little tender, how can it be so simple?" Li Xiaozu smiled bitterly to himself.

He has worked by the side of the saint for more than ten years, and there are too many secrets he has heard and witnessed, and only the tip of the iceberg exposed is enough for him to think twice and be cautious.

It is almost a well-known secret that the CIA and the Security Service like to bury nails around the big names in both the military and political circles.

Li Xiaozu also knew;

Many nobles and magnates think they are very secret, but in fact, they have long been filed in the royal treasury, and it is not that the saints do not know about it, but they just don't make trouble.

This deep contemplation makes people's backs chill when they think about it.

His father, Li Xuanzhu, was a former commander of the Praetorian Guard, and his level of secrecy was very high, so he was able to know a lot of royal secrets that ordinary ministers did not know, and the more he knew, the deeper the fear of imperial power.

There are almost no secrets in front of the saints today, and the only thing that can be done is to be cautious and keep a loyal heart untouched by external objects.

If the egg is not sewn, it will naturally not attract flies.

The Duke Li Xuanzhu family is different from the other two Duke's families with foreign surnames, the Duke's son Li Xiaozhu is the dragon and phoenix among the people, and he is destined to make a great career in the imperial political circles, and the future is bright and brilliant, and there is no limit.

The more this is the case, the more we must pay attention to maintaining our self-righteousness and not losing our holy graces.

Duke He's family is different from Duke Mo Rufeng's family, their families have no successors, He Tianci doesn't talk about that playboy, he messes around all day long, doesn't the saint know?

It's just consuming the holy family that Duke He Fang has painstakingly managed for decades, and if it weren't for that, ten heads would have been cut off.

Duke Mo Rufeng's wife died of dystocia, and his eldest son suffered during childbirth, and he was born mentally retarded and could not inherit the title of duke.

The second lady and the third lady each have several sons who are adults, and they fight very fiercely with each other, making Duke Mo Rufeng's head as big as a fight, even if which one inherits the title of duke in the future, it is basically impossible to have any reputation in the military and political terms.

Compared with these two top families, the Li Mansion still has the glory of at least one generation, and at this time, it is even more necessary to act steadily and walk rightly, and not let others get the handle.

Compared with the interests of tens of millions of golden oceans, they are like fireflies to Haoyue.

The plan has been decided

Li Xiaozu was not in a hurry to reply to Duan Changjiang, and some things were quiet, so that he could figure it out by himself, which was much more impressive than his own words and reminders.

Duan Changjiang is such a smart person, he won't be unable to figure it out.

He walked back to the bookcase, thought about the contents of the recital presented to the Holy Lord today, and after thinking about it repeatedly, he began to write with a solemn expression.

During the experience of the Secretariat

Li Xiaozu has seen countless feudal officials' recitals, sorted out the importance and excerpts of briefings, and has long practiced a good writing hand, and similar paperwork is really easy to come by.

Compared with other local governors, the most important thing for North American governors is to have the power to overseer secrets, which can be described as a high position and weight, and it is an arrangement of checks and balances between powers.

The Empire had a heavy garrison of 376,000 troops in North America, accounting for almost one-third of the Empire's total strength, with two heavily armored divisions, one in Salt Lake City and one in the Republic of Virginia.

It contains four fully manned Division A divisions stationed in Oregon, Iowa, Snow Mountain (formerly Washington State) and Utah, as well as six Division B divisions, two heavy artillery divisions, four garrison artillery brigades, and two garrison divisions, namely the 1st and 2nd Garrison Divisions of Rocky Mountain.

The army gathered, stationed in the Republic of Virginia, the Republic of California and the four states of North America, under the jurisdiction of Marshal Mo Rufeng, used to deter the United States and Fusang from acting rashly.

In addition, there are also the Atlantic Fleet and the Pacific Fleet in North America, which crush the United States and Japan with their strong strength and control the final voice on this continent.

Such a heavy military power as Mount Tai cannot be controlled in the hands of Marshal Mo Rufeng alone, the empire has its own way of checks and balances, stationed in Salt Lake City is the armored tiger cavalry division, the commander of the second army and the commander of the armored tiger cavalry division Lieutenant General Li Baihu is a veteran general, following the founding father of the saint to fight the world, and his qualifications are even older than Marshal Mo Rufeng.

Without the will of God, it is impossible to mobilize a single soldier of the armored tiger cavalry division.

Li Baihu also served as the commander of the Second Army of North America, and under his command he had a first-class division, two second-class infantry divisions, and a heavy artillery division, plus a powerful armored tiger cavalry division, the whole army had a total of five divisions with a total of 112,000 soldiers, and was one of the two powerful mobile corps of the North American garrison.

As the governor of North America, although Li Xiaozu did not have the right to command the field army, he had direct command over the guard division and the garrison brigade, and these local troops had a dual command system. On the one hand, it is under the jurisdiction of the North American Command, and on the other hand, it is under the orders of the North American Governor-General.

The North American Governor's Office has a higher command authority over these local forces than the North American Command, which creates a balance of power.

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