Mohamud bin Alsaud, wearing a silk white robe, walked along the passage to the conference hall with his secretary, surrounded by European and American diplomats. Even now, Mohamud bin Alsaud was still unable to fully determine why China invited Saudi Arabia's leaders to attend the meeting gathered by the great powers. And the initial invitation was actually an American businessman named Rockefeller. Even so, Mohamud bin Alsaud still accepted his brother's order to come to China.

There is a rectangle in the conference hall, with a round table in the middle, and four chairs placed beside the table. A national flag is placed on the table in front of each chair. Muhammad can clearly distinguish the British rice-shaped flag, the French tricolor flag, and the American star-striped flag. The remaining one is naturally the Chinese flag.

It took a few seconds for the Saudi Arabian chief envoy, Mohammad, to associate the red five-star flag with China. Because in previous British books, the Chinese flag was a five-color flag. After Saudi Arabia was invited, Mohammad bin Alsaud, as the special envoy, naturally chose the British diplomatic information, and was misled by the untimely update of the information.

The Special Envoy of Mohammad did not care much about this. On January 8, 1926, Abdul Aziz became the king of the territory he ruled. The Treaty of Jeddah signed on May 20, 1927 officially led Saudi Arabia to independent from the British rule. Using British information is an instinctive choice for Saudi Arabia.

China is not unfamiliar with Muhammad. There are several sentences about China in the scriptures, the most famous one is "even though knowledge is far away in China, we still seek it." Mohammad even felt a very serious feeling when he was able to reach China that the prophet said to attend this meeting. Although he misunderstood the Chinese flag, Muhammad also heard about the major events that have happened in the past few years. China defeated Japan, and only after France's mediation accepted Britain's peace proposal and chose to fight the UK.

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When Mohammed heard this, he saw the happy expressions of representatives from the surrounding countries and felt inexplicable. In Saudi Arabia, China borrowed money from Britain and the United States, which was a matter of being difficult to explain and felt something was wrong. According to Saudi Arabia's daily life, Mohammed believed that when China was paying back the money, it was very likely that conflicts with Britain and the United States would break out. So he felt that there must be something wrong with this agreement.

But one day and a half after the meeting, the first joint statement of China, the United States, Britain and France was released, "China will no longer renew the Sino-French economic cooperation agreement while insisting on using the franc as the international priority payment currency. Both the United Kingdom and the United States will set up special draw rights accounts for China to use when purchasing. The Sino-French Investment Bank, headquartered in Shanghai, will provide services to investors from all over the world."

After the first joint statement came out, the meeting made Muhammad feel boring. After the words of the representatives of China, the United States, Britain and France were translated into Arabic, they were beyond recognition and completely confused. And Muhammad found that other delegations as observers gradually lost interest. Instead, the audience seats were full, and many people who were not journalists came to attend the meeting. Seeing these people's outfits, many of them looked like students.

The meeting lasted five days before the second joint communiqué was submitted, "Bank of China will establish a financial management bank for foreign investment for international settlement."

At this time, Mohammad bin Alsaud did not understand the international speech habit of speaking at the shorter the word count, the bigger the matter. At this time, the British and American journalists sent the news back to China first and immediately began to send their observations and comments back.

BBC news is, "The financial breakthrough has made the pound in China with the same treatment as the franc!"

The Wall Street Journal's news title is, "The US dollar's investment in China will be completely loosened, and from then on, the US investment will be unimpeded in China!"

Both British and American journalists knew that their reports were biased towards exaggeration. However, from the end of 1929 to the beginning of 1932, the economies of Britain and the United States were struggling in the great crisis for more than two years. Both Britain and the United States were strong industrial countries with huge advantages in technology, capital and finance. What the two countries now need is not real benefits, but confidence that other countries believe that the economies of the two countries will inevitably improve. No matter how exaggerated the news title is, it doesn’t matter. As long as the citizens of both countries have confidence in their own economies, all problems can be solved.

As journalists from both countries expected, after the economic meetings of China, the United States, Britain and France, speculative trends appeared in the stock markets in London and New York. Especially in New York, a group of buyers finally appeared in the US stock market, which had fallen by 90%.

At this time, Bush and his friends were one of these buyers. On the roof of the Morgan Consortium, Bush and his friends looked down at the New York street view downstairs with wine glasses. Two years ago, the building was full of stock traders, and traders worked all night long, while the streets of New York downstairs were bright and bright. Now the building is empty, and the financial department staff are basically fired. The remaining small number is less than one-tenth of the previous one. This group of people only works during the day to solve the Morgan Consortium's financial business.

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The neon lights on the streets of New York are less than one-fifth of the streets two years ago, and there are much fewer street lights on the streets. The current New York City government has huge debts and has to save money through various means.

Two old Skeleton Club students stood on the roof of the building and watched, and saw the flames of pistols shooting in the dark streets. After a moment, a slight gunfire sounded to the roof, proving that there was a crime happening in the dark streets.

"My brother, do you think Mr. He Rui will really make a large amount of purchases from the United States?" Morgan asked, smoking a cigar.

Bush nodded, "I think Mr. He Rui is a very wise politician who understands the needs of the United States now."

Morgan was a little disappointed, "Our Morgan consortium is willing to provide China Yuan offshore settlement services, but according to Mr. He Rui's meaning, he hopes that the bank established by China in the United States will be responsible for this matter. I think the Fed is likely to refuse."

Bush shook his head, "I don't think the Fed will refuse to establish China's far offshore settlement banks. They may be worried that China will use this situation to take gold from the United States."

"What a joke!" Morgan sneered. He was not directed at his old classmates, but thought that this view was really outrageous.

But the next day the newspaper made Morgan, who was having breakfast, almost spit out the fried eggs in his mouth. Morgan quickly took his eyes away from the newspaper, quickly chewed the fried eggs in his mouth, picked up the coffee and rushed it down. Then he continued to pick up the newspaper...

"... With the completion of the credit line between China and the United States, China's ships coming to the United States to transport gold have set off from the Shanghai port!" After reading this paragraph again, Morgan's first reaction was that this local newspaper in New York, which mainly focuses on gossip news, was crazy. After thinking for a while, Morgan began to feel that someone must be making trouble in this matter. At the first time, Morgan suspected that this was the news produced by the Federal Reserve who opposed Sino-US economic cooperation.

After putting down the newspaper, Morgan immediately called his friend at the Federal Reserve. After listening to the content of the newspaper Morgan told, the friend opposite was stunned and hesitated for a while before asking, "You don't believe that this is really the case, right?"

Morgan said angrily: "Please don't joke with me! Have you forgotten that Morgan Bank is also a shareholder of the Federal Reserve?"

The US Federal Reserve system, the Federal Reserve, is a private central bank in the United States. The First and Second Banks in the United States were finally forced to close because they were not accepted by the public. One of the important reasons is that both banks are located in Philadelphia, northeastern United States, and are believed by many to mainly serve some wealthy businessmen in the Northeast, rather than all Americans. The Federal Reserve learned this lesson when it was established.

In terms of organizational form, the Federal Reserve adopts a dual organizational structure of federal government agencies and non-profit institutions, thus avoiding the monetary policy being completely concentrated in the hands of the federal government. One of the original intentions of the Federal Reserve to establish 12 Federal Reserve banks as non-profit institutions rather than government agencies was to consider the voices of the government and the private sector when formulating monetary policies. Although the Federal Reserve in Washington is part of the U.S. federal government, the 12 Federal Reserve banks do not belong to federal government agencies, but are non-profit private organizations. However, it should be emphasized that the Federal Reserve is different from ordinary private organizations. The Federal Reserve does not aim for profit, but undertakes the public functions of the U.S. central bank together with the Federal Reserve.

JPMorgan Chase is one of the shareholders of the Federal Reserve. Although it cannot determine the policies of the US central bank, it has a considerable say in US banking business.

In theory, there is indeed a possibility that China will transport gold from the United States. But there is no possibility in actual operation. Morgan has felt a threat from such news, and it is obvious that some people want to deliberately undermine Sino-US cooperation. So Morgan asked: "Please be sure to investigate, who wants to do this!"

The friend opposite hesitated for a while before answering: "Do you think it's British?"
Chapter completed!