Jamaica became independent in 1962, and Kingston, the capital, is ready to welcome distinguished guests from all over the world. Of course, these represent the most powerful countries in the world. Coming to Jamaica itself has nothing to do with the existence of Jamaica itself, but to establish a
An international monetary system to replace the Bretton Woods system.
After landing, Prime Minister Harold Wilson and Treasury Secretary Callahan were warmly received by US President Rockefeller and Secretary of State Kissinger after Richard Nixon.
"Dear Prime Minister and Chancellor of the Treasury, this time we are committed to establishing a fairer monetary system and striving to satisfy all countries." Rockefeller expressed friendship just after they met. After Nixon stepped down due to the Watergate incident, he became the successor president.
It coincided with the outbreak of the oil crisis and was criticized by the Democratic Party.
If nothing else, according to the current situation, Rockefeller should have no chance of being re-elected. Regardless of whether he leans toward the Republican Party or the Democratic Party, polls believe that the Republican Party's defeat is certain.
Of course, it would be a lie to say that Rockefeller got nothing. Didn’t Rockefeller’s oil system make any money?
Didn’t the Anglo-American banking group, including Citibank, gain massive benefits from the oil crisis?
Alan Wilson looked at the heads of the United Kingdom and the United States expressionlessly, showing off the special relationship between the United Kingdom and the United States, and couldn't help but feel sick in his heart. A new monetary system must be established, but it may not be more fair.
Once the U.S. dollar is not linked to gold, it will naturally be able to print money without restrictions. Then the United States is not like a wild horse running out of control and printing money. As long as the United States is in trouble, it will print money. Of course, in theory, all countries can do this.
If you do it, it depends on whether others approve it.
The United States is determined to get rid of the Bretton Woods system, which is precisely the embodiment of the hegemony of the US dollar. The United States is still constrained by the Bretton Woods system, but this time it will not be so easily constrained.
The United States can issue U.S. dollars at will and implement a floating exchange rate system. The U.S. dollar is no longer a U.S. dollar, but a U.S. dollar, a credit currency.
After both sides sat down, Kissinger directly expressed the sincerity of the United States, "In fact, London will become the largest trading market for gold in the future. New York will give up this crown to London, and gold will naturally be traded in pounds."
Pricing, gold is naturally currency."
"Mr. Secretary, after the demonetization of gold, what is the use of pricing gold in pounds? Or should the UK continue to maintain the gold standard? It is not impossible. In recent years, London has traded grain, and its gold reserves have reached 6,500 tons, and the Federal Reserve has not
Eight thousand tons, right?”
Alan Wilson smiled and asked, "In fact, the French also recognize the value of gold. They have been talking to London and want to create a new currency for circulation within Europe. What do you think of this suggestion?"
"Sir, you can really joke." Kissinger replied with some embarrassment. "The British perspective can be completely detached from the world, rather than condescending and a monetary package adopted by the French."
"The truth is this." Callahan nodded, and then changed the subject, "But it doesn't matter as a record. It mainly depends on what conditions the French can put forward. For example, if the new currency is still gold monetization, Europe's gold will be stored in
London, both sides maintain a fixed exchange rate, don’t you think so?”
Once Callahan's suggestion succeeds, Europe and the US dollar will basically have nothing to do with each other. There is no doubt that this is poaching the US dollar.
The new currency can also be called the euro. The euro is anchored by the pound. Then Europe and the United States will become two economies. The control of the United States over Europe will be cut off in the economic field. The situation of the United States is similar to that of the Soviet Union in Eastern Europe. It can only pass
military means to control Europe.
"The rarity of gold makes it impractical to peg it to currency. If London does this, it will only consume all the gold in its hands. Just like France during the De Gaulle period." Rockefeller wiped his glasses calmly.
"And this will only give the Soviet Union an advantage. The advantage of a sovereign currency is the right to speak. If we don't recognize the value of the ruble, it has no value at all."
"The main question is who has the right to speak." Ever since Harold Wilson was troubled by the Soviet spy remarks, whenever he heard someone mention the Soviet Union in person, he always felt that the other person was implying him. Although it was a bit bad to be so suspicious,
But he's already used to it.
He is a prime minister who is famous for his remarks about Zurich's goblins. If he comes to attend a meeting and loses the value of the pound, it will simply affect his reputation after his death, not to mention that the UK does not have no cards in its hands now.
, can completely deal with the United States.
In fact, there is no point in guessing what the Americans are thinking. It was the British position stated by Keynes on behalf of the United Kingdom at the Bretton Woods Conference that it would bind commodities. Thirty years later, it is now the United States that proposes this.
For this reason, there is no need to hide anything. Rockefeller hopes that the United Kingdom can work with the United States to promote this sovereign currency system based on credit. Support the US dollar to become the de facto international currency. In return, London, the United Kingdom, will become Europe's
As a financial center, its status is tied with New York in the United States.
"The U.S. dollar should be tied to commodities to stabilize its value, especially oil, which is also recognized by Saudi Arabia." Kissinger said that the United States already has the support of Saudi Arabia, and the United States itself is the world's largest industrial country, with energy and production capacity.
, this is a matter of course.
"I don't agree with the Secretary of State. If we just compare production capacity, the United States seems to be lagging behind the Soviet Union in most data." Alan Wilson took out the national economic statistics of the Soviet Union in 1975.
, Of course this is not important, what he said next is more important, "In terms of production capacity, the total capacity of the European Community member states is higher than that of the United States. Am I right?"
This chapter is not over, please click on the next page to continue reading! Alan Wilson’s words are completely supported by data. Europe is not weak in steel, coal, automobiles, textiles, machinery manufacturing, etc., but its weakness is the energy field. But if
Britain stands with Europe, and Europe is not weak in this field.
"The United States is protecting Europe, and I think London understands this best." Kissinger said calmly, "I think most Europeans also recognize this."
"Except France!" Although Alan Wilson nodded, he definitely didn't mean it. At the critical moment, he once again pulled out suspicious allies and used them as guns.
In terms of steel production capacity alone, Britain, France, and Germany, not counting British Malaya, have a production capacity of 89 million tons, which is only a few centimeters away from the United States.
There are now three countries with a steel production capacity of over 100 million tons, the United States, Japan and the Soviet Union. However, in Europe there are not only Britain, France and Germany, but Luxembourg also has 5 million tons, not counting Italy. Italy's industrial data is similar to that of the United Kingdom.
Spain, which has always been dissatisfied with Italy...
In fact, the UK is behind Germany and France in terms of production capacity in Europe. The reason why it is better than these two countries economically is that the pound is far stronger than the franc and mark, not counting Malaya at this time.
effect.
In another venue, representatives from the United Kingdom and the United States had a heated exchange, expressing their views on the international monetary system. "The United Kingdom must have 25% of the Special Drawing Rights, and Britain, France, and Germany must occupy 100% of the Special Drawing Rights."
Fifty percent, in fact the French require 55%. Because many countries have just become independent and have very limited financial knowledge, it is not recommended to change the local currency system. The existence of the pound zone and the franc zone cannot be changed in a short time.
."
"This is impossible. The power of developing countries, especially oil-exporting countries, must be increased accordingly. If the pound area and the franc area still adopt barriers to prohibit the free circulation of currencies, the current share is simply not enough, and Japan's industrial scale will not give it at all.
Equity is highly inappropriate."
"Whatever is inappropriate, Japan needs the protection of other countries." Alan Wilson walked into the formal negotiation venue, "In this way, since rights and obligations must be linked, I suggest that Japan increase its military expenditure to 3%
, establish its own land, sea and air system on its own, so that it can play a greater role in defending the free world. Only in this way will the corresponding allocation take Japan into consideration."
The American representative frowned slightly and said, "It turns out to be Sir Allen, but the UK supports Germany to obtain corresponding powers and excludes Japan alone?"
"Germany is a European country, Japan is not. It has black hair and black eyes, and it is not the same civilization as us."
Alan Wilson slowly explained the British position, which was a bit racist, but it was true, "If France and Germany knew that Britain came a day earlier to negotiate with the United States, and would spread words that Britain could no longer represent Europe.
"
"The pound sterling is legally freely convertible in the Commonwealth countries." Alan Wilson walked next to the British representative. The representative gave up his seat directly, and Alan Wilson sat down and said.
"It turned out to be the husband of an oil tycoon." William Edward Simon also walked in. As the U.S. Treasury Secretary, he visited Arab countries after the oil crisis broke out, hoping to put petrodollars into operation, but the biggest obstacle was the major British banks.
The search for the source eventually led to a group of British banks including the Sarawak Development Bank.
"The oil crisis does not seem to be a bad thing for the UK. It took the opportunity to use the surge in oil as an excuse at the Commonwealth meeting to coerce countries to come up with resolutions to recognize that their currencies and the British pound can be freely converted."
"Isn't this the same purpose as the current United States?" Alan Wilson made an embarrassed expression, but in fact it didn't mean anything. "It's just about sharing risks. The economy is fragile and deserves careful maintenance by all member states."
"But if most countries feel that this transaction is a loss, then it may not be possible to gain consensus. Dear Minister of Finance, do you think this is the case?"
Signing an agreement with the Commonwealth countries on the free convertibility of local currencies and pounds, isn't that what we learned from the French? The French were forcing African countries, but the UK did not force the Commonwealth countries, it just took advantage of the oil crisis to make suggestions.