In five years, US$3.8 billion! The first batch of the first year was US$1.2 billion, and the last two years was as high as US$2.2 billion! Even in the last two years, US$200 million per year.

Before 1929, this order could only attract some attention, and then everyone should do whatever they should do. After all, the total export volume of the United States in a year was as high as US$27 billion. But now... the United States' total export volume last year was only US$10 billion, and this year it was expected to drop sharply to 6 billion!

No wonder the whole of the United States is cheering for the signing of the contract.

You should know that this is just a purchase order from the Chinese central government, and nearly half of it will be used for national infrastructure. However, after the government order is induced, how can the rising Chinese enterprises be willing to be successful? Besides, even if the procurement demand for economic crisis declines, the population factor is always placed there. Even if China-US private trade cannot return to its heyday, at least there will be no previous ban on imports.

Loading, loading ship!

A few days after the contract was signed, the oligarchs who learned the news took action and used their relationship to find someone to try their best to contact the members of the Chinese trade delegation closest to them. The reason is very simple. Because this is government trade, the government is only responsible for signing, and the specific procurement details require the merchants of both sides to negotiate on their own.

When Zhou Yu beat Huang Gai one by one and the other is willing to be beaten and the details are negotiated quickly, and the oligarchs began to stuff the machine tools and equipment needed on the list on the freighter. The bankers were even more happy. You should know that they were almost crying when facing thousands of mortgage machines, but now these things have suddenly become popular, so they are not rushing to deal with them! In order to grab the order, the buy one get one free, and some people even used the beauty trick, which made Leng Jie, who bought scientific research equipment, blushed back to report, saying that in order to make him sign an extra order of more than 100,000 US dollars during the purchase, the American company actually encountered two women who were stuffing them to accompany the night.

Of course, it is impossible that all of them are second-hand goods, so many factories that received orders recalled workers to start work overnight, striving to complete the order as soon as possible to send them to China to collect money. Even the shipping industry seemed to have been injected with a shot of cardiotropic agent. 3 billion US dollars! How many round trips do you need to go back and forth? The owners who sold the ship were furious and wanted to rush to Chesapeake Bay to grab the ship back from Wuzhou Maritime Company.

The news of ending the bill to ban imports and taking out an unprecedented large contract also caused a strong international sensation. Special envoys from Britain, France, Germany, Italy and other countries rushed to Beijing after the ban was lifted, and even Japan sent delegations to strengthen Sino-Japanese trade.

The worst was undoubtedly the Soviet delegation. Because it was unable to compete for such a large order, it could only watch many new second-hand equipment being stuffed into the fleet heading to China, and it could only pick up the garbage that others had eliminated... Stalin was so angry that he recalled Gubishev back to China overnight.

The arguments such as China-US friendship, Sino-US cooperation, Sino-US alliance... have come out. Even the US Congress caters to this Chinese style and expresses its serious consideration of cancellation, which once again verifies the famous saying that money can make the devil push.

But even in joy and excitement, some people still keep calm.

The black Ford sedan was parked at the entrance of the Georgia Hot Springs Sanitation Home. Henry Morgansso walked out of the car and hurried inward with a briefcase. The staff knew the famous chairman of the New York State Agricultural Commission, so they came to a spacious and bright room without any obstacles.

Under the window of the room, a wheelchair was quietly parked, and New York Governor Franklin Roosevelt read with relish. Since he suffered from polio, he has to take a vacation to come here for a while every year. Perhaps he was too attentive, so he didn't even hear Morgenthau walked in.

"Franklin."

"Henry! Hi, when did you come?"

Roosevelt turned his head and saw that it was him. He quickly put down the book and pushed the wheelchair happily. Due to mobility difficulties, Henry Morgenthau quickly put down his bag and stepped forward to push the wheelchair actively, saying, "I just came from New York, are you in good health?"

"It's better to be the same, sit down." Roosevelt was not willing to talk about his physical problems. He knew that Henry Morganso had to come all the way and asked, "Henry, is there anything wrong with me?"

Little Henry Morgansau nodded, and saw that the weather was good outside, he pushed his wheelchair and said, "Go out for a walk."

Georgia Nursing Home is a private nursing home with a vast area. It is named after the hot springs and attracts many wealthy people to come here for vacation every year. The park has beautiful scenery and green trees, so it doesn’t look hot even in summer.

On the boulevard, Henry Morgansau Jr. told Roosevelt about what happened recently. When he learned that China and the United States had reached an order of nearly $4 billion, Hoover also raised tariffs to protect Chinese tea, jute, raw silk and other goods into the US market, Roosevelt was also moved.

"The UK has protested to us, believing that unfair tariffs will cause serious losses to tea farmers in Ceylon and India... I'll count on it. They will lose $100 million a year for tea alone." As soon as Henry Morgansso finished speaking, Roosevelt snorted coldly from his nose: "Hmph, are you here to protest now? Have they forgotten the fact that they raised tariffs first after the crisis broke out?"

Like all Americans, Roosevelt never forgot about Britain's ugly face after the crisis broke out. To be honest, if Britain had not used huge colonies and tariff barriers to build the pound area, U.S. exports would not have shrunk to this extent! So he supported Hoover's special treatment for Chinese tea and other trade, and cracked down on trade in Ceylon, Indian tea, jute, etc. Anyway, the United States cannot produce these things on its own, so it would be better to exchange trade orders with China.

Henry Morgansau Jr. knew him very well and said, "I also support President Hoover in this policy, but the following matter is probably not good."

"Oh? What is the matter that makes our little Henry worry?" Roosevelt originally wanted to make a joke, but turned his head to see little Henry Morgansso's face was serious. He realized that it must be a big deal, so he immediately stopped and asked, "What happened?"

"I heard that in order to win orders, President Hoover allowed the Chinese government to exchange 2 billion US dollars of government bonds in advance, and was also preparing to accept Yang Qiu's advice to allow individuals and countries to freely exchange my country's government bonds, but all exchanges can only be settled in US dollars. The exchanged US dollars must be used to purchase Chinese goods to stimulate export trade, and are ready to submit the bill to Congress for review!" Henry Morgansso Jr. said all the content of the talks he heard and said worriedly: "I am worried that this will lead to a collapse of Europe and will also cause our United States to be weakened for a long time!"

Roosevelt frowned. It was not a problem to let China exchange unexpired government bonds in advance. After all, China is also in crisis. Although it is the lightest among all countries, it will eventually affect national trade. It is understandable to release government bond funds in the absence of foreign exchange, and the money is all used to buy American goods. On the contrary, he couldn't figure out such a large order from Yang Qiu. Isn't he worried about affecting his own manufacturing industry? But he didn't think much about this. Anyway, as long as the money is in the United States, he told Henry that opening up free exchange of government bonds would lead to long-term weakness and asked: "Why? Opening free exchange of government bonds can only be used to purchase Chinese goods is not a good policy? With money, everyone can consume, factories can start construction, and exports can be increased."

"It seems to be a good idea on the surface." Henry Morgansau let go of the wheelchair and slowly walked to Roosevelt. He was an alien among the Jews and a devout believer in Keynes' theory. After the crisis broke out, he pointed out that the outdated gold standard should be abolished and the market should be regulated by devaluation and additional currency. However, at that time, panic spread and no one believed his words, and because he was one of Roosevelt's best friends, he was inevitably rejected by the Republican Party and President Hoover, so he could not speak at all.

But when facing Roosevelt, he didn't need to hide his weakness, and expressed his understanding seriously: "But... the economic crisis is not yet at the bottom!"

"bottom?"

Henry Morgansau nodded: "Yes, bottom! Any economy is cyclical. The downward trend of this economic crisis has not yet bottomed out. I originally thought that it should reach the bottom in 31 or 32 years, and that it could rescue the market at that time. But now...... Rescuing the market in the decline stage is an extremely stupid behavior, just like a flood can only be diluted but not blocked.

Although this is a good idea on the surface, because now everyone knows that the crisis is caused by overcapacity, deflation and the abuse of credit. To solve it, it is necessary to release a large amount of liquidity. There are two ways to release liquidity. One is to cancel the gold standard and issue a large amount of credit banknotes to flow into the market through government expenditures and other means. The second is his method, which is to open up the free exchange of treasury bonds. Now countries around the world hold about 50 billion in treasury bonds, plus a total of about 150 billion to 160 billion in China. In theory, if all exchanges into the market, it can indeed increase liquidity.

The problem is that the crisis has not yet come to an end, and even if a large amount of funds is released, it cannot immediately reverse the downward trend. Moreover, the number of free exchanges and releases cannot be that large. This is because the exchange is US dollars and can only be used to purchase our goods. It will inevitably lead to increased pressure on the manufacturing industry in Britain and France, making the already tense international market more pessimistic. In the case of needing to protect their own industries, it is impossible for them to exchange the Chinese government bonds in their hands, which is equivalent to crushing 40 billion yuan to death. Many people in China will not exchange them because treasury bonds have natural preservation ability, so they would rather keep them than take action.

In this way, it can only release 400 to 500 billion at most. Although it seems that a lot will indeed promote exports and consumption in the short term. But don’t forget! Now it is an economic crisis, and signs of turning around have not yet appeared. Once this money is circulated, I am afraid that more will flow into the capital market and drive investment in value-preserving products. The final result is... The money I just took out is locked by value-preserving products, which will also cause prices such as gold, silver and real estate to soar, and consume funds in vain, making it more expensive if I want to cancel the gold standard in the future."

Roosevelt understood a little, and suddenly thought of another question. He leaned forward with his hands and asked, "What do you mean... is this trap set by Yang Qiu on purpose?" No wonder he had such a guess. Everyone who is interested in competing for the world would not ignore someone like Yang Qiu, so he started studying his opponents very early, but the more he studied, the more he felt terrible, because he found that Yang Qiu was very helpful in using crisis and international friction, and he could hardly find faults, so this time it was not ruled out that he would take the opportunity to cheat the United States again.

But Henry Morgansau, Jr., shook his head: "You can't draw a conclusion like this now. I heard that Yang Qiu's original suggestion was the same as the solution we discussed with both of us, asking President Hoover to abolish the gold standard, but our Mr. President was unwilling to cancel it, so we had this suggestion."

"Are you guessed wrong?" Roosevelt thought secretly, always thinking that Yang Qiu would not be so kind. Because he found that Yang Qiu was a pure national supremacist in his bones and should not give up this opportunity to chase the United States and the world. What was even more strange was that since Henry and Morgansau could see that, why did no one stand up for such an obvious conspiracy? Mellon, are Morgan all fools? Will the consequences of releasing national debts be seen?

Henry Morganso tilted his lips and smiled bitterly: "No, they have seen it all, but this is what they want to see the most! Don't forget that if you do this, they are the biggest beneficiaries! Because of their inventory, the bad debts such as machinery and equipment collected by their banks can be taken to smooth them! Most of this money will eventually flow into their pockets. Secondly, most of the value-preserving products are related to the financial industry, and they are operating in our country's financial industry, so... they will become richer and richer.

Roosevelt's face became more and more gloomy, and after a long time he asked, "Can you stop Congress from passing this bill?"

"It may be difficult, my old friend. You have to know who is controlling Congress! In their eyes, the crisis is not important. What is important is that it must not change the rules of the game." Henry Morgansso waved his hand helplessly, stared at Roosevelt, and said word by word: "Unless... you can become president."

"No, I want to go back to New York to try it." Roosevelt was still unwilling to give up. It was obvious that Yang Qiu wanted to use the conflict between the United States and Europe to play a trick! The United States has already done this. If he succeeds again, how can he curb China in the future?

Seeing him angry, Henry Morgenthau hurriedly stopped him: "No! Franklin, listen to me! You can't stop him. Have you forgotten what happened 10 years ago? I'm afraid even Britain can't stop this matter! Because Yang Qiu chose a good time, the American people now hate Britain and France very much, just like you! Therefore, this bill will be promoted as the only option for patriotic rescue! If you stop it... I'm afraid the election will be very bad in two years."

“Election….”

Roosevelt stopped the wheelchair, moved his lips and said nothing, looking at Henry Morgansau, Jr., slowly frowned. Ten years ago, he ran around for Wilson's peace plan, but after Wilson's defeat, he was implicated and eventually failed in the election. If he went against the current now, if he was good at operating well, he would be an American hero, but if he was not good at operating well... The campaign in two years would probably be hopeless.

"Yang Qiu!"

What should I do? Roosevelt closed his eyes, chewing the name, and slowly tapping his fingers on the handrail seemed to be thinking about something.

Henry Morgansau Jr. understood him that this was a difficult choice for him. Going back and stopping it is likely to be losing the opportunity to run for president, and it will also make Hoover take the risk of revoking the financial standard, thereby truly resolving the crisis and becoming an American hero.

Time seemed to solidify suddenly, and the sunlight penetrated the shade of the trees and sprinkled on Roosevelt. The tiny spots seemed extremely messy. It took two people not to know how long it took for the disabled and strong governor to slowly open his eyes and say something irrelevant.

"Henry, I heard that someone wants to buy the Northern Mariana Islands, and Congress is also discussing the matter of making the Philippines independent. Is that true?"

“Yes, but….”

Henry Morgansau, the young man, didn't understand what he meant, and heard a faint voice: "If one day our United States withdraws from the South China Sea, what do you think will happen?"

Little Henry Morgenthau thought for a while, suddenly opened his mouth and his eyes were bright!
Chapter completed!