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840 America's Debt Crisis III

Chang Ruiqing vaguely remembered that there was a saying in another later generation in time and space: "Whoever controls oil will control all countries; whoever controls food will control human beings; whoever controls currency issuance will control the world."

In Chang Ruiqing's original time and space, the United States controlled the Middle East and so controlled oil. The United States was the world's largest grain exporter, so it controlled food. The US dollar is also the most important reserve currency in the world, which can also be said to have the right to issue currency.

A rising power needs to buy oil from the Middle East controlled by the United States and is increasingly dependent on the international food market. Moreover, the money earned by the people as coolies is exchanged for US dollars to buy US Treasury bonds. No matter how you look at it, it seems that under the full control of the United States, except for those with particularly revolutionary optimism, no one would believe that a major power will one day replace the United States to lead the world...

However, in this time and space, the situation is obviously different. The Arab Empire supported by China controlled half of the oil in the Middle East. In the future territory of the Greater China Federation, in addition to a series of oil fields in China and oil fields in Southeast Asia, it will also control the largest Tyumen oil field in the later Soviet Union (Russia), and also has oil resources in East Siberia, Sakhalin Island and Central Asia, which are equally rich in oil resources. Although it cannot be said that it has completely controlled oil, at least it has controlled half of it! In addition,

China's grain production prospects are also very good. After mastering the extremely potential grain-producing areas of Siam, Far East, Western Siberia and Kazakhstan, as long as it is developed and utilized reasonably, the future self-sufficiency of grain will definitely be fine. Even if there is really a population of 2 billion, the problem of eating will not be controlled by other countries. Then there is another one that is said to be able to control the world's currency issuance rights. China has to fight for it no matter how it is! Of course, it is impossible to master it all, but why do we have to let the Chinese Yuan and the US dollar and the Mark compete with each other?

So after the victory of the World War was completely locked, what Chang Ruiqing wants most for China now is the position of the Chinese Yuan to become the main international reserve currency. As long as this goal is achieved, China will have a considerable say in the three areas of oil, food and currency that are related to the dominance of the world. These three things are not the basis of eternity, but at least the basis of hundreds of years of hegemony! As for how the manufacturing industry will develop, it is not what Chang Ruiqing is concerned about, because he knows that the future Greater China Federation has integrated China and Japan, the two world factories in later generations, even if the current industrial economic structure is somewhat unreasonable, it will definitely be adjusted in place in the future and become a world industrial power tied with the United States and Germany.

Therefore, there is no need to worry too much about this. The federal government can even gradually withdraw its direct intervention and control of the market and leave everything to the market to solve it... In Chang Ruiqing's view, after the end of this world war, the Greater China Federation can transition from national socialism to democratic socialism, because the goal of building a strong country has been achieved. How to enrich the people next cannot be solved by using the government to concentrate resources into certain industries with instructions - the so-called national socialism is actually economically "planned economy" and "private ownership"

A combined social production organization model has been used in the past decade. In the past ten years, the Chinese government has directly directed the production and investment of large public and non-public companies through the instructions of the State Planning Commission, and used this method to guide resources and funds to the heavy industry field, so that it can achieve extraordinary development. This is also the reason why China has been able to build a large number of large heavy industry enterprises in just over ten years (in fact, in history, late-developed countries and regions. Since Prussia, most of them will use this method to spawn certain industries in the early stages of development, and the effect is still very significant).

However, this method cannot be carried out all the time, because running a business is not something that government officials can do well. If government officials are allowed to command the business on behalf of the market, sooner or later the vitality of the country's economy will become lower and lower, and eventually become a stagnant pool. Moreover, the earlier the transition from national socialism to democratic socialism, the better. As time goes by, I am afraid that interest groups that collude with officials and businessmen will form, and it will be very difficult to change and reform. Therefore, Chang Ruiqing has decided to start economic market-oriented reform immediately after the war is over, and even if it pays a certain price for it, it must be implemented. And he is now eager to win the status of an international reserve currency for Huayuan, in fact, in order to "create" enough capital for domestic consortiums to overcome difficulties, so as not to let the fluctuation of this market-oriented reform not become a good opportunity for international capital to take advantage of the situation to control the Chinese economy.

However, his behavior of enhancing the status of Huayuan is actually a kind of encouragement. If you want to succeed, you must be recognized by the two world's largest economies, the United States (America) and Germany (Europe).

"Mr. Prime Minister, can I understand this way? Do you want the United States to help establish Huayuan's status as the world's three major reserve currencies?" After a long silence, Hopkins finally figured out everything. He looked at Chang Ruiqing and said, "I recognize the potential of the Greater China Federation and also recognize that Huayuan has a broad future, but the potential and future are just a possibility, and there is still great uncertainty."

"The American Community has a bright future, and there is also great uncertainty!" Chang Ruiqing said lightly: "And I have also noticed that the relationship between the United States and Britain has become closer and closer recently. I believe Mr. Hitler and Germany do not want to see such a thing happen? Now their power is being applied to the Soviet Union, and they cannot deal with Britain and America, but how long can the Soviet Union resist?"

When it comes to US-UK relations, Hopkins's face became solemn. After possessing the nuclear fission bomb, Britain was unwilling to lose its two largest colonies, Canada and Australia, and was even more unwilling to the economic collapse of the British Empire to become a poor country. Therefore, Churchill secretly visited the United States in March and reached a series of cooperation agreements with Roosevelt. The United States used $4 billion in loans and technology transfer funds, coupled with concessions on Canada and Australia issues, and instead supported the continued existence of the British Empire as a condition in exchange for 6

0 kilograms of weapon-grade plutonium-239 and all technical information about nuclear fission bombs in the hands of the UK greatly accelerated the progress of the Manhattan project in the United States. Hitler and Germany must be extremely dissatisfied with this, but because the Soviet issue has not been settled, they are unable to retaliate against the United States and Britain. However, the strength of the Great German Empire seems a bit scary. Roosevelt and Churchill were somewhat guilty after reaching this series of anti-Germany agreements. As Roosevelt's confidant, Hopkins knew this very well.

"Mr. Prime Minister, can I understand your words like this? If the United States supports the Chinese Yuan as an international reserve currency with practical actions, China will stand with the United States to maintain peace in the post-war world?" Hopkins asked tentatively.

"Of course not." Chang Ruiqing smiled slightly and looked at Hopkins seriously and said: "It is inevitable that the Huayuan will become an international reserve currency in the future, and we can do this without the support of the United States. Although the process may be a little twisted and turns, the results will not be different. So we will not turn against our best friends for this inevitable result. If the United States is willing to give us the necessary support on the Huayuan issue now, then we are willing to remain neutral in the possible conflicts between the United States and Germany in the future, and mediate when necessary, so as not to get out of control."

Hopkins showed a disappointed expression: "Mr. Prime Minister. Is that the only one?"

Chang Ruiqing was silent for a while, and then smiled and said, "In addition, we can also bear Japan's compensation obligations, but it cannot exceed US$1 billion. Of course, we will pay with 6 billion RMB of 50-year Greater China federal government bonds, with an annual face value of 3%.

The 50-year bond has a face rate of only 3%. Hopkins thought: "What's the difference between this and silence? If there is a difference, it is used to deceive the Japanese devils who don't know the truth! Well, it can also be used to fool domestic voters, and finally get some compensation. It's a result, so it saves the newspapers in China always yelling about "stop victory in the country."

Thinking of this, Hopkins nodded without comment and looked at Chang Ruiqing and said slowly: "Mr. Prime Minister, what kind of help do you want the United States to provide for the internationalization of Huayuan?"

"First, the Huayuan has become one of the reserve assets of the Federal Reserve; second, the Federal Reserve needs to buy at least $20 billion worth of Huayuan bonds in the five years from 1936 to 1940; third, the Huayuan and the US dollar have become trade settlement currencies between China and the United States at the same time, and major U.S. banks should carry out Huayuan exchange business."

Chang Ruiqing put forward three conditions carefully considered with his fingers. Although this time and space American imperialism performed poorly on the battlefield of World War II, the domestic economy of the United States flourished due to the demands of China and the Soviet Union before the war, as well as the orders from China, Britain and Germany during the war, and of course the US government's own orders. It is not an exaggeration to say that they made another war money! So although the center of power in the world now includes Berlin, Nanjing and Washington, the international financial and economic center is undoubtedly New York. If the Federal Reserve can now regard Huayuan as a reserve currency, and purchase Huayuan's bonds worth US$20 billion for five consecutive years, and major U.S. banks also carry out Huayuan's exchange business, then Huayuan's international status can basically be established. As for the 20 billion US dollars of Huayuan bonds, it is data given by Zhang Junmai, Zhang Gongquan, Chen Guangfu and others.

They believe that the five years from 1936 to 1940 will be a critical period for China's economy to shift from wartime to peace, from national regulation to market economy, and it will also be a very difficult and requires capital injection. In addition, since China's central bank had already issued a large amount of Huayuan currency before and during the war, and the post-war reconstruction requires a large amount of funds, further excessive currency is inevitable! Therefore, what Zhang Junmai, Zhang Gongquan, Chen Guangfu and others are most worried about now is that there will be severe inflation after the war, which will have a serious blow to the transforming Chinese economy! The internationalization of Huayuan and the demand for the United States to purchase Huayuan bonds of at least 20 billion US dollars is the prescription that Chang Ruiqing prescribed for the currency over-issuance... that is, let the United States help China share the inflation pressure and the cost of economic reform. Well, this trick looks familiar, and naturally our Prime Minister Chang came from later generations.

...

The world war has come to an end. The White House, the center of power of the United States, seems to have resumed the tranquility and leisure of the pre-war period during this period. Suddenly, an angry roar broke the tranquility.

"Chang Ruiqing!"

The American civil and military officials waiting to see the president in the waiting room outside the Oval Office looked at each other. When they heard the roar, they knew that the national interests of the United States were violated by her allies... A while ago, Roosevelt would often grit his teeth and yell the two words "fatty", which was scolding Churchill, who transported three newly-made nuclear fission bombs to the British base in Canada. Then he politely asked the US military to withdraw from Canada, and then proposed to use dozens of kilograms of plutonium-23

9 exchanged for a "fair deal" of billions of dollars, and also required the United States to support Britain on the issue of Australia! This requirement that you can see at first sight is blackmail was of course all satisfied. Afterwards, Roosevelt even said to the reporter with a shy face: "...The United States and Britain are natural allies. Helping Britain is helping the United States itself, and we also got from the British that the most important thing for the American national security - nuclear fission weapons! So I am very satisfied with the conditions of a series of cooperation agreements reached with the United Kingdom!"

MacArthur looked at Roosevelt with a shame. He knew that Roosevelt would soon say similar words to the reporters - China will be a natural ally of the United States. Helping China is helping the United States itself, and we will also get the most important thing for American national security from the Chinese... Well, there is always something. Anyway, the United States, the world's largest economic power, is about to become the world's largest fat sheep. Even Britain, which is so vast that it can slaughter a knife. Why can't the powerful Greater China Federation slaughter a knife?

The culprit of all this seemed to be the American team led by General MacArthur! Their performance on the battlefield was so disappointing... Even MacArthur himself was not ashamed to be the Chief of Staff, but his resignation was repeatedly rejected by Roosevelt because Roosevelt really couldn't find a more suitable candidate to be the Chief of Staff who was destined to be "the most incompetent general in World War II" by later history books.

It is really embarrassing to say the reason why MacArthur, the most incompetent general in World War II, came to the White House to rescue American soldiers captured by the Indian San! Now the prisoners of war camps of Chinese and Germans have long been overcrowded. Many of the facilities built by the United States in their hometowns, with elegant environments and superior living conditions are empty, and there are few "lucky prisoners of war" living in it - needless to say, compared with the hell-like German and Chinese prisoners of war camps, life in the American prisoners of war camps is definitely the most comfortable, even if the food and clothing of ordinary prisoners of war is better than that of the Soviet Union, India, and Japan! Moreover, after the war, most of the few prisoners of war who lived there were green cards and became American nationals...

But Americans preferential treatment of prisoners of war (in fact, according to the standards of American rich men, that kind of life is in jail) does not mean that the Indian Assassin will treat American prisoners of war with the same standards! In fact, American prisoners of war do not need preferential treatment. They only need Indian Assassin to act according to a certain Geneva Convention. Allow the United States to send things to Indian prisoners of war camps. In history, American prisoners of war caught by German men lived on domestic parcels, and it is said that there are still leftovers to help the Soviet prisoners of war who were locked up with them.

. However, the Indian San who captured American soldiers in this time and space were not signed by the Geneva Convention. He did not recognize the International Red Cross and naturally did not allow prisoners of war to accept packages sent by their local governments. Therefore, the American prisoners of war who are still in India are living a hard life in a dark and bleak life! What’s even worse is that they don’t know when it will be? Because the Chinese invasion war in India seemed to have been abandoned halfway, and there were no Chinese to save them. When will those poor American prisoners of war go home and reunite with their relatives?

"Mr. President, I suggest asking the Chinese to come forward and negotiate with India on the issue of prisoners of war."

MacArthur knew that the United States could not escape being slaughtered by China... The 20 billion US dollars of Chinese bonds were bought, and what we need to discuss now is what the Americans could ask China to help, so he quickly put the issue of prisoners of war on the table.

Roosevelt's face was gloomy. The United States, the "Stand-Perhaps" was really a perfect paper tiger. Even the tens of thousands of prisoners of war captured by the Indian San had to help ask for it. He looked at MacArthur and gritted his teeth and said, "Can't we drop a nuclear fission bomb in Bangalore?"

MacArthur shook his head with embarrassment and said, "Mr. President, according to reliable information, the Indians detained our prisoners of war in their large and medium-sized cities as meat shields, if..."

"Okay! Stop talking!" Roosevelt turned his head and stopped looking at the "most incompetent" chief of staff, but looked at Secretary of State Hull with anticipation: "Coder, do you have any good suggestions?"

Hull shook his head slightly, took a deep breath, and said solemnly: "Mr. President, I think the demands made by the Chinese are good for the United States..." (To be continued...)
Chapter completed!
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