According to the usual response, the first step is to raise funds to fight this run. First, we declare that nothing happened.
The emergence of the U.S. dollar crisis must not be known to the citizenry at first, otherwise it will cause panic, and once it spreads to other parts of the world, it will only make the U.S. dollar crisis more unstoppable.
"Once the gold reserves increase, will there be appreciation pressure on the pound? You must know that our UK gold reserves also have more than 5,000 tons. If the results are fruitful this time, what happened with the franc two years ago may happen, and the appreciation pressure will rise.
Increased trade pressure."
Alan Wilson does not think that paying a sum of gold is a good thing with no harm. Everything has two sides. The problems caused by the appreciation of the franc in France are not very far behind.
Currency appreciation is related to many things, such as industrial scale, industrial quality, gold reserves and even political stability. The situation in the UK is not bad now, but it is still necessary to take precautions. The Ministry of Finance discussed the depreciation of the pound before, which was to nip it in the bud. Facts
If this run forces the United States to bow its head, pressure for appreciation will come.
"According to Keynesianism, once private demand is not strong, the state should step in. If the appreciation of the pound causes the competitiveness of British products to decrease, maybe we should formulate some plans." Frank Weiwei first said, which is also the consensus of the post-war economics community.
"Keynesianism!" Alan Wilson pondered for a moment, "Foreign investment and industrial production are two ways to go. It seems we can think about it and invest more in the military industry."
In fact, historically during the Harold Wilson period, the UK faced depreciation pressure. What was the Labor government's response plan? Nationalization, currency devaluation, cutting military spending, etc. And if there was appreciation pressure on the pound, for example, it had to find a way to resolve it.
Len Wilson was uneducated and unfortunately thought of an arms race.
In other words, excluding Malaya, as well as Rhodesia, which is mainly engaged in agriculture and animal husbandry, and Newfoundland, which is gambling, the British mainland is equivalent to a quarter of the level of a superpower, and including the pound area
It has the influence of one-third of the superpowers. The specific data cannot be calculated by such simple addition and subtraction, but the foundation is still very good.
"The Royal Navy needs to upgrade its auxiliary ships, the Royal Air Force needs a new generation of fighter jets, and the Chieftain tank is also struggling to face the Warsaw Pact armored cluster." Alan Wilson tilted his head and asked, "How about investing in the military industry to resolve the pressure of appreciation? Maybe?
Let’s do this first, and things will turn around when the time comes.”
"Looking at it now, Bangladesh should really intervene and invest to resolve the pressure of appreciation." Alan Wilson thought about it and felt that the third India-Pakistan War could also be an opportunity. Sixty million Bangladeshis would be included in the British sphere of influence.
That's a good thing.
During the British Raj, the Kolkata Industrial Area was the textile center of the British Empire. In the 21st century, Bangladesh still relies on the textile industry for its livelihood.
It's very simple. The industrial revolution started with the textile industry. The textile industry is not difficult for any country to get started. Late-developing countries will choose the textile industry when they start. Japan does it, South Korea does it, a certain big country does it, and Vietnam does it too.
For example, Bangladesh relied on the textile industry in the 19th century. In the 21st century, the textile industry is also a place. In fact, there are many people there. Not all countries open their books just for the stars and the sea. Most countries do it to fill their stomachs, and the textile industry is perfect.
It meets the category of filling the stomach.
Even the current Kingdom of Egypt is developing import substitution with the textile industry as its core. It is a labor-intensive industry that is rapidly phasing out demand and is an excellent industry for arranging employment.
Generally, the most direct consequence of intervention in a war is the hostility of local people. But if it is an India-Pakistan war, first of all, the Indian side and the Bengalis in East Pakistan are not of the same religion, while the Pakistani government forces are of the same religion but suppress the national consciousness of the Bengalis.
, Bangladeshis in these two countries will definitely not have a favorable impression.
This will reduce the risk of picking peaches in the UK to almost nothing, and there will be no scenes like the United States in Vietnam, Iraq, and Afghanistan.
To offend the local residents, India has done all that Pakistan has done on behalf of the UK. The UK will only need to intervene as a mighty and civilized army. Of course, this must first ensure that India must be frightened and let it
Don't act rashly.
Nixon made an overseas phone call to Harold Wilson, hoping that Harold Wilson would play an important role in maintaining the international financial order in the name of prime minister, for example, by using Britain's gold reserves to support the situation.
Harold Wilson paid great attention to the request of the President of the United States and specially called Secretary of the Treasury James Callahan to discuss the matter. "Once gold reserves are used to help the United States, it will cause inflation."
The currencies of various countries are linked to gold. Once the UK releases its gold reserves, this may not be a problem for the U.S. dollar, but will become a problem for the U.S. dollar and the pound.
Alan Wilson arrived shortly afterwards, and after listening to the discussion between the number one and number two figures in the UK, he said with an embarrassed expression, "We don't know who we are facing at all. In fact, many British banks were involved in this run."
"Even if we stop the banks from doing this, we can't stop the Germans, the Swiss, the Belgians, the Austrians, the Dutch, etc."
To be honest, in the era of Bretton Woods, European countries still had the ability to resist the United States. France alone could make the United States very uncomfortable. Not to mention that Germany led far more countries than France did at that time. If the United Kingdom must be firm
Standing next to the United States? It’s nothing more than one more corpse...
"To be honest, no one can have such prestige and be able to stop the banks of various countries at this time." Alan Wilson said with a wry smile, "This is a capital flow of tens of billions or hundreds of billions. No one can stand in the way, no matter what.
Whether it is the president or the prime minister, they will be crushed easily."
This chapter is not over yet, please click on the next page to continue reading! Alan Wilson has no choice. He now wants to tell the British participants to stop. There are police outside, and they may be shot in the back, and this is not Britain.
problem, as well as other European countries.
"We can't stop anything, but if we try to stop it and fail in the end, we can still do it." Alan Wilson thought about it, "For example, let's say the Prime Minister made a speech in the House of Commons saying he noticed the overheating of the economy.
It means that the government is fully prepared."
Ha Zhongtang can currently do this. Anyway, he is usually a Soviet spy in the eyes of many people. At this time, he should not even think about maintaining the special relationship between Britain and the United States.
Can the U.S.’s gold reserves of less than 20 billion withstand the next unknown number of large selling orders?
With the potential selling of bonds, let alone the UK, even if all the gold mined in the world were added together, it would be impossible to balance the accounts. Anyone who thinks the UK can stop anything now is a traitor.
But a day later, Washington informed that US Secretary of State Kissinger was going to visit London, indicating that the United States hoped that Britain's IQ would not be online.
"What is this? Are the US troops retreating to use flares on the British positions?" Alan Wilson muttered after listening to the Ministry of Foreign Affairs' briefing, but even so, it could not delay him from getting off work.
The situation is now very clear. This dollar crisis cannot be stopped by forces on earth. To stop it is to 100% ruin it.
"What promises can Kissinger bring this time?" Pamela Mountbatten was also puzzled. However, since Kissinger is coming, he will definitely provide conditions.
"Perhaps it is a blank check for Britain and the United States to jointly control the world financial order." Alan Wilson curled his lips, "The Bretton Woods system itself has problems. Can it be maintained by giving some power to the United States? It is nothing more than maintaining it for two more years. This
Although the realist Secretary of State has many tricks, he is not incapable of dealing with them."
Due to the memory of his past life, Kissinger was far more famous in Alan Wilson's mind than other US secretaries of state. He mainly accomplished two things, having good talks with Saudi Arabia, and breaking the ice in Sino-US diplomacy.
The reason for its high popularity is because of the latter.
However, most Americans do not believe that the work of Nixon and Kissinger was very decisive, which can be seen from the sharp decline of Kissinger's influence later on.
During the Reagan era, Kissinger was already considered by some people to be the American representative of appeasement. A certain major country believed that I had a great credit for defeating the Soviet Union, otherwise you would not have won. Americans did not think so.
However, in Alan Wilson's view, the failure of the Soviet Union was definitely due to its own problems. Compared with this main reason, external factors of any country were not the main reason.
This time the emergency visit started as soon as the dusty Kissinger landed in London. As expected, Kissinger came to London with the sincerity of compromise. The Romans once again thought of the Greeks.
At the critical moment, he did not laugh at Britain for being sentimental, but hoped that Britain could help diplomatically.
Harold Wilson certainly paid attention to Kissinger's visit and expressed his willingness to work with the United States to resolve this crisis. At least this was his position in front of Kissinger.
"Washington and London represent the world order. In fact, as long as the United Kingdom concentrates its power and copes with difficulties together with the United States, I believe the world order will not collapse." Kissinger said sincerely, "We even think that the United Kingdom should
Europe should play a greater role. Now under the threat of the Soviet Union, military power in Europe should be strengthened. In fact, giving up some unimportant places is not a bad thing."
"What? No conditions were stated, and Britain still wants to bring in the colonies?" Alan Wilson sneered after listening to Wick's report, "Why don't you make it clearer? We hope that Britain will withdraw its troops from the Middle East and allow the protectorate of the Persian Gulf to become truly independent.
, giving all British influence in the Persian Gulf to the United States."