…:The second update today,

After Lord Fisher served as the First Minister of Maritime Affairs, he immediately reached a more comprehensive naval cooperation plan with China. One of the cooperations was oil. Lord Fisher did not think that China would become enemies with Britain, at least not now. During his dismissal, Fisher did not stay idle, but stayed in China for two years to gain an in-depth understanding of China's foreign policy and strategic goals.

He did not deny China's ambitions in his report to the British Aristocratic House, but he used more saliva to describe China's current foreign strategy. He used what he saw and heard over the past two years to make the bosses of the British Aristocratic House understand that China's basic national policy is to take advantage of the European War to fight for money. Because China hoarded war materials on a large scale and restricted strategic materials before the war. After the war broke out, the restrictions were immediately lifted. Although the price was raised, the British had already told the British that China hoarding materials was not preparing to go to war, but speculation to make money for war.

In this regard, the British Intelligence Agency provided evidence to Lord Fisher, which made the British authorities believe Fisher's inference.

Then Fisher analyzed the attitude of China's ** side. During his long-term visit to China, he found that the Chinese 6th Army was completely on the German side, while the Chinese Navy was completely on the British side, while the remaining Chinese Air Force looked down on Germany and did not like Britain because it was in a global hegemony. It was in a role of mutual help.

In this way, the military's attitude was even, and it was finally decided by the Chinese emperor Zhang Yunfei. Lord Fisher knew Zhang Yunfei very well. Not only him, but almost all European politicians knew Zhang Yunfei's style very well. The current strategy was nothing more than to make a lot of money from Europe, to weaken the strength of European countries, and to control Europe economically.

In fact, the members of the British House of Parliament had thought of China's policies in their hearts, but no one took the initiative to say them. Now Lord Fisher has spoken everything in their hearts, which immediately resonated.

According to Fisher's conjecture, since China agreed to provide strategic materials to the UK, it means that China wants to make money from the British. Based on this as an inference, China will not be able to oppose Britain with huge war money.

The current situation clearly shows that China wants to take advantage of the situation. It is not a robbery in war, because China only has 40,000 standing troops, and it is not enough to take care of the local area. Therefore, it can only be an economic robbery. In this way, it depends on which side of the allies and the allies gave China more fuel and water.

Obviously, the Allies have enough intersection with China in this regard, including China's maritime trade, Britain, France and Germany, and China and Russia on the ground, which all lead to China's trade with Europe and taking advantage of the Allies.

Another thing is that Fisher pointed out that the Chinese navy has a clear strategic tendency to block and siege and kill the United States. Judging from China's current actions, China and the United States are gradually becoming politically and militaryally opposed. Two major powers outside of independent Europe will inevitably have conflicts.

The evidence is that China refuses to sign the Pacific Reinsurance Treaty, which means it abandons the Hawaiian Navy Arms Treaty, which makes China and the United States stand in opposition due to the Hawaii issue. Therefore, Fisher judged that China placed its economy in Europe, but put its military in the United States.

After composing these aspects, Fisher finally concluded that China would not participate in the war directly, and even if it participated in the war, it would not help the allies.

Fisher convinced the British nobles' House of Representatives, causing Britain to abandon its plan to import strategic materials from the United States on a large scale, and instead switched to import most of them from China and a small part from the United States in exchange for China's relaxation of its vigilance against British colonies. Canada, India, Australia, Malaya and other British subsidiaries and colonies were able to draw strong men and go to Europe to participate in the war.

The British navy has contracted globally. Now, for the sake of the European War, it has to draw tyrants and troops from various colonies to the European battlefield.

Most of the British colonies were under China's military projection, so Britain weighed the pros and cons and believed that it was necessary to please China to ensure the security of the colonies. In this way, the trade assets and bonds of the originally US dollar B states in the United States would turn to China. And as the war continued to extend, more and more British capital would flow into China.

International credit relations were established at the same time as the world economy was formed at the end of the old century and the beginning of the 2nd century. Before World War I, Britain, France and Germany, supported by their strong economic forces, became the largest creditor countries in international credit activities, among which Britain accounted for a mountain of the total capital exports of the three countries. Due to the needs of economic construction, China has always been the world's largest debtor countries. Previously, China's main creditor countries were Britain and the United States. Later, due to the trade surplus with the United Kingdom and the United States and the deterioration of relations with the United States, China paid off its US debts and became the debtor countries of Britain, France and Germany.

Due to the outbreak of the European War, Britain, France and Germany urgently needed China's strategic materials such as food, medicine, and oil, which led to a change in debt relations. China not only used high-priced strategic materials to repay the debts of Britain, France and Germany, but also suddenly transformed from a debtor country to a creditor country.

Among them, in order to tie China, Britain began to borrow large-scale funds from China, forming the world's largest triangular debt relationship. Other countries owed the UK money, and the UK owed the China money.

China naturally knew the purpose of the UK. For this reason, Zhang Yunfei held a special meeting to discuss how to deal with world finance.

Secretary of the Imperial Bank Zhang Sai submitted a plan to end the peg between the monetary system of China, the United States and Britain. According to the plan, the original currency value of the three countries of China, the United States and Britain was: Dragon coins, 10,000 US dollars, and the fixed gold exchange standard of British and British are no longer suitable for China. According to the Imperial Central Bank's international currency purchasing power statistics, the currency value of Dragon coins and US dollars is stable, but the actual purchasing power of Britain has declined. In other words, Britain is depreciating slightly, and the ratio of British pound to Dragon coins is expanding. As of the end of July of the previous year, British drinks have depreciated against Dragon coins and US dollars. The actual purchasing power of British mistakes is only Xulong coins, or even lower.

More than a decade ago, China's economic system had just been established, and the gold standard needed to go through a difficult five-year transition period. At that time, it was beneficial to peg China with the US dollar and the UK. This could stabilize China's monetary system and indirectly become an international settlement currency.

However, the situation is different now. China's economy is developing rapidly, the monetary system is perfect, and the gold standard is successfully replaced by the silver-copper standard.

China's dragon coins can already abandon British and US dollars and become the world's settlement currency independently.

Due to large-scale military expansion and preparations for war, the fiscal deficit has remained high for ten consecutive years, and the percentage of warning that had passed before the war. In this case, Britain had actually started printing paper money on a large scale, resulting in rising prices, inflation in China, and depreciation of British sales.

In the past, China tied Britain's thighs and used Britain's wealth to pay for China's economic losses. Even during the Sino-Russian War, if China was defeated, Britain and the United States would pay for China. Now it is different. Britain started a war in Europe, and even Britain with a wealthy and powerful Britain could not control its finances. The large-scale fiscal deficit will eventually be China and the United States will pay for it. It is equivalent to indirectly tied China and the United States to the British chariot.

"Your Majesty!" Tang Shaoyi said: "U.S. Secretary of State Marshall has called the Imperial Domestic Cabinet and asked that a topic be added to the G2 Summit composed of China, the United States and the United Kingdom this year, to discuss the issue of the three countries' currency peg. I think that Americans have also discovered the issue of depreciation of the British currency!"

Every September, China, the United States and Britain will hold a meeting of the Ministers of the Finance Ministers of the Three Kingdoms to discuss the financial and monetary stability issues of the Three Kingdoms, coordinate the impact of the monetary system brought about by the economic expansion and contraction of the Three Kingdoms, and stabilize the gold standard system.

During the war between China and Russia, China's monetary system also fluctuated slightly. However, at that time, Britain and the United States fully supported China to stabilize the value of China's dragon currency, so that the war had no impact on Chinese finance. During the US and Qingnian banking crisis, because the three countries' currencies were pegged, China and Britain helped the United States pay, so the United States quickly survived the crisis.

Now that a war breaks out in Europe, China and the United States originally wanted to pay for the UK, but the problem is not that simple. Britain is in the same group as the Allies and fights with the Allies. There is nothing. The problem is that the British are not kind, and France and Russia borrow from Britain, and Britain borrows from China and the United States, forming a triangular debt relationship. In other words, China and the United States ultimately want to pay for the UK, France and Russia.

There is nothing to pay for, it is just a loan without interest! The key is that the currency of the UK has depreciated, which means that when China and the United States are paying for the UK, the stocks suddenly fell. Not only does it have no interest, but it is lost.

Therefore, neither China nor the United States is willing to maintain the monetary pegging system of the G2nd with the United Kingdom.

Zhang Yunfei asked: "Have the United States disclosed their views?"

Zhang Zhai replied: "Your Majesty, Wei, and US Treasury Secretary William and Gibbs McAdu passed several calls. McAdu's concerns became increasingly obvious. During yesterday's call, he had already stated that three summits should be held immediately to discuss the depreciation of the British currency!"

Zhang Yunfei nodded and said, "What about the British side?"

Zhang Zhai said: "British Prime Minister Herbert shyed away the reasons for the war and was unable to attend this year's Washington Conference, and postponed this year's calcium summit until next year!"

Tang Shaoyi frowned and said, "According to the degree that Britain's fiscal deficit has increased every year over the past decade compared with the previous year, if it is postponed to September next year, the UK's fiscal deficit will reach 80 million British dollars. That is to say, it is equivalent to the interest-free loans of 440,000 British dollars each borrowed from the Empire and the United States to the UK!"

Zhang Zhai said: "According to the depreciation of Britain and the United States, the empire will lose 10,000 yuan in dragon coins at this time next year. China and the United States are equivalent to helping Britain spend money and making 10,000 yuan in military spending!"

Then Zhangzhai said: "The problem is that Britain is fighting now, and conservatively it is expected that it will be in a mess!"

Zhang Yunfei said in surprise: "Isn't that too much?"

Seeing Zhang Yunfei feeling distressed, Zhang Zhai nodded and said, "That's right!"

Zhang Yunfei said: "No wonder Ying Guru has always tolerated the empire in every way. If this continues, wouldn't it mean that we have indirectly participated in the war?"

Tang Shaoyi said: "The British are so cruel! So smart! If we don't take measures, we will be in vain!"

Zhang Yunfei was very unhappy. He was originally complacent and thought he could ride on the British heads to shit and pee. Now it seems that he is still too superficial. If it weren't for the shrewd Minister of Finance Zhang Zhai, who forced the United States to join the 3 system, he really didn't know how to end it. He would be dragged down by Britain. Where can I do war money?

Thinking of this, Zhang Yunfei said: "Since that's the case, then let's cancel the link with the British! Never be dragged into the water by the damn British, otherwise all our hard work arrangements over the years will be wasted!"

Zhang Zhai said, "Your Majesty is wise! I am obeying the order!"

Tang Shaoyi asked worriedly: "But the UK may not agree to our request! For the UK, if we do this, it is obviously a way to take the blame!"

Zhang Yunfei waved his hand and said, "We are not good men and women, so we should take advantage of his illness to kill the British!"

Zhang Sai rolled his eyes and felt a little uncomfortable about Zhang Yunfei's description of them like this. Fortunately, Zhang Yunfei said that if someone else said this, Zhang Zhai would definitely turn against him.

Tang Shaoyi also swallowed, but his thick and darkness was very pure, and he didn't care at all, saying, "Your Majesty, we will put pressure on Britain with the United States, and we are not afraid of Britain's uncompromising! It is no difficulty to abolish the linkage with Britain! The question is, should the dragon coins of the empire continue to maintain a stable exchange rate with the US dollar?"

Zhang Yunfei smiled and said, "Do you think Americans are willing to bind us?"

Zhangzhai said: "In the past, the United States was hostage by Britain because Britain was the creditor of the United States. Britain needed to stabilize their persimmon-made gold standard system, and at the same time minimized the risks that Britain had taken in the Sino-Russian War. Now, Britain is too busy to take care of itself. Even if the Americans do not take the blame, they will no longer be at the mercy of Britain. At the same time, China-US economic relations are affected by politics and military, and I think the United States will not be bound to us!"

Tang Shaoyi nodded and said, "It's better not to bind! Now the Empire and the United States are taking advantage of the European war to strive to expand their influence to the world. Politics and military are second, and the most important thing is to expand the economy to the world! Therefore, in the future, the Empire's dragon coins will compete for global hegemony with the United States' dollar. Whoever becomes the same international currency form as the British pound is the hegemony!"

Zhang Zhai said: "The Prime Minister is right! Now, the empire has taken the lead in the United States and snatched European business. At present, except for Britain and Germany, other countries have not increased their holdings of the empire's foreign exchange, and other countries have used the dragon currency as the same foreign exchange settlement currency as the British!"

Zhang Yunfei sighed: "I know what the British want to make! British and American settlement currency is the global settlement currency. The British quietly depreciated Yingdi, not only letting us and the United States pay for him, but those countries that hold large amounts of British and American also have to pay for the UK! We all underestimate the British's IQ too much. If there is no trick in this time, we will all be asked by the British!"

Zhang Zhai said: "This time is really dangerous! This war without gunpowder is much more powerful than sword lights and sabers, which is hard to defend against!"

Zhang Yunfei said: "Give your mistakes and gain wisdom! Although we have emerged early this time and did not cause a major disaster, we must be careful in the future. Whether it is political hegemony or military hegemony, their ultimate goal is to seek economic benefits! Therefore, no matter when, we must remain vigilant in economic and financial affairs. As long as we grasp this point, no matter what tricks they change, we will accept everyone!"

Zhang Zhai and Tang Shaoyi responded at the same time: "Your Majesty is wise!"

Zhang Yunfei said again: "In fact, stopping the currency peg will have other benefits for us! Since, although the British sales are about to depreciate, it is better for us to sell all the currencies we hold and exchange them for gold storage!"

Tang Shaoyi said: "We should do this! During the war, if you want to maintain your value and not lose money, you can exchange it for hard currency as the safest! Taking advantage of the opportunity of binding the exchange rate with the UK, we will exchange all the British and gold storage for gold, which is the safest!"

Zhang Zhai said worriedly: "We have not abolished this financial mechanism with the UK. Once we throw out all the British and British debts, it is equivalent to no longer holding British government bonds, which will further aggravate the depreciation of British and British debts! In that way, we will also lose a lot!"

Zhang Yunfei smiled and said, "Is it very simple? Let's abolish this binding system now!"

"This?" Zhang Zhai was speechless.

Tang Shaoyi suppressed his smile and said, "It's better to negotiate with the United States unilaterally, ignore the British attitude, and cancel this binding mechanism first!"

Although Zhangzhai felt that it was a bit unkind, he had to do so for the sake of the country!

On the 3rd of the year, China and the United States immediately held a dialogue after inviting the UK to attend the 3rd summit but failed. The meeting was held in Washington, USA. China and the United States took a closed-door meeting, which made the outside world unaware of what happened.

Prime Minister Zhang Zhai and US Treasury Secretary William and Lingkadu signed an agreement. They jointly put pressure on the UK to abolish the currency binding system of the three countries and implement a floating exchange rate system.

On Sunday, the UK urgently convened a joint cabinet meeting to discuss countermeasures. British Prime Minister Herbert asked China and the United States not to abolish the monetary system, believe in Britain and support the UK.
Chapter completed!