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Text Chapter 654: Conspiracy in the world (3)

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    Um?

    As soon as Yang Qiu's words came out of his mouth, Gu Weijun was slightly surprised in his heart, and his eyes turned around with confusion.

    Because he didn¡¯t know much about economic matters, before setting off from New York, he specifically asked Bei Zuyi and Gu Yuwen about the reasons for freely converting national debt.  After some in-depth and simple explanations, it gradually became clear that the financial crisis was not only caused by speculation. It can only be said that speculation was the straw that broke the camel's back. The main culprits were deflation, false prosperity and unrestrained credit after the European war.  After a large amount of food and commodities were manufactured, the market capacity was not as large as expected. As the inventory continued to increase, it became very dangerous. That is why the oligarchs headed by the Rothschild family suddenly siphoned off tens of billions of dollars.  Deflation turned into an avalanche of disaster.

    The fastest way to resolve this crisis is to completely abolish the gold standard.  Because the gold standard means that currency issuance needs to be based on the amount of gold and silver reserves in the treasury. Even if it is exceeded, there is a rated limit, otherwise it will only cause currency depreciation.  Only by completely changing to credit banknotes can the government increase market liquidity through artificial intervention and completely ignore gold and silver reserves to depreciate or overissue them.

    And the plan that Yang Qiu came up with was obviously aimed at the core of the crisis.  Cancel the gold standard, forcibly fix the price of the US dollar and gold and silver, and then prohibit all gold and silver transactions and force recycling. When the ability of gold and silver to maintain value is weakened, currency can be issued on a large scale.  If there are more currencies, it will naturally depreciate on a large scale. Devaluation can make American goods cheaper, and cheaper goods can enhance export competitiveness.  In the end, the government used the name of investing in public facilities to spend the money that the money printing machine continuously printed.  In this way, money will gradually flow into the market, and when there is money in the market, the economy will naturally pick up.

    This is the Keynesian line and the core of Roosevelt¡¯s New Deal!

    Of course, Gu Weijun and everyone else did not know that this was a new policy that would be launched in a few years. They only knew that this was a good way to save the United States.  And what Yang Qiu asked Bei Zuyi to do was to destroy this plan that might appear in Chapter 654: Conspiracy of the World (3). Just like Gu Yuwen said, the gold standard should not be destroyed, and the United States should be allowed to take the initiative to strengthen the gold standard system so that the gold price will be at its level.  remained high in the following years.  That¡¯s why we came up with the idea of ??freely convertible government bonds, releasing liquidity, and taking advantage of people¡¯s psychology of continuing to preserve value during an economic crisis to continuously push up gold and silver prices.

    ¡°In this way, if someone comes up with this plan to rescue the market, they will first have to face the skyrocketing price of gold.

    From a planning point of view, this matter is of little benefit to China, because no one will be stupid enough to sell off gold and silver reserves.  Of course, this cannot really prevent the United States from recovering, but delaying it for two or three more years can do it.  Three or two years!  Under the current circumstances, as long as the domestic industrial reform is completed early next year and the purchased machinery and equipment continues to return, the industrial strength between China and the United States will be reduced to a within reach!

    Very sinister!  But it happened that no one could accuse him. It was a typical conspiracy!  Yang Qiu had thought of everything and expected it!  But Gu Weijun didn't expect that at this critical moment to persuade Hoover, his first sentence was to persuade Hoover to cancel the gold standard!

    ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Is it possible to make it mysterious?  Thinking of this, Gu Weijun went to see Hoover.

    At this time, Hoover¡¯s face was so wonderful that even Stimson and Robert held their breath and waited for him to speak.

    "Hoover was not a fool. Judging from the way he made his fortune, he was a shrewd businessman. His understanding of the economy was far deeper than the average person, so he immediately captured the meaning of the two suggestions.  Cutting off the gold and silver trade is equivalent to abolishing the gold standard. This will allow the government to artificially interfere with the currency and have money for disaster relief or investment.  But abolishing the gold standard is not just talk. Who is behind Hoover?  It's an oligarchic consortium!  It's Rockefeller, it's Mellon, it's Morgan!  Could they allow themselves to abolish the gold standard?  You know, if the gold standard is abolished and the White House interferes with the currency, then the work of these oligarchs in the past decades will be in vain.  If the U.S. dollar depreciates significantly, it means that each of their net worth will shrink by tens of billions!

    The assets of each oligarchic family have shrunk by nearly half!  Hoover shudders all over when he thinks about this, and he has to rely on them for re-election.

    So he immediately abandoned the first method, but the second method was feasible!  After all, the United States has about 150 billion in national debt. If this money can become a currency, it can fill all the holes from the crisis to the present. But if this is done, the relationship between the United States and Europe may really reach a freezing point!

    But is there any other way?  After thinking about it, he gritted his teeth and sat down: "Yang, free exchange of national debt may only release 50 billion in funds at most."

    Hearing this, Yang Qiu and Gu Weijun's eyes collided, and they were filled with unspeakable ecstasy!

    Hoover is excited!

    Yang Qiu breathed a sigh of relief. You must know the reason why hePutting forward the abolition of the gold standard is actually a gamble!  Because he didn't want to give Hoover and the United States the impression that he was engaged in a conspiracy. What he wanted was a conspiracy!  Let the United States know that I have already said the best way. If you don¡¯t choose, you can only blame yourself.

    But even though he knew that it was almost impossible for Hoover to choose the first choice, and he also knew that if the gold standard was abolished, the oligarchs would be the first to let Hoover go, but he did not dare to rest assured until now.  But deep down in my heart, I still feel a pity. It is similar to the history of Roosevelt taking advantage of the people's support after taking office to attack the Jewish consortium, forcibly devaluing the currency, and turning against the oligarchs and the world, forcing them to even burn down the bank settlement center and destroy the transaction list.  Compared with using all the operational methods, Hoover is like a hesitant and timid little old man.

    This shows how unrealistic it is to prevent Roosevelt from coming to power!

    After getting rid of the association brought by Hoover from his mind, Yang Qiu said: "You are right. It is impossible to release all of it, but as long as a part is released, the liquidity will be greatly improved. But it must be released  When it comes to strategy, we must abide by the following two points: it can only be exchanged for U.S. dollars, and all cash exchanged must be used to purchase American goods, otherwise no matter how much is released, it will only be a benefit to others."

    Next to him, Robert nodded secretly and had to admit that this was a clever method. Even if the entire national debt could not be released, as long as it could release one-third, it would be enough to increase market liquidity.  More importantly, there are many countries that hold U.S. Treasury bonds. Even leaving aside the big British and French ones, other countries will take the opportunity to come and take advantage. This will increase exports, seize the British and French markets, and transfer part of the crisis to Europe.  As long as the crisis in Europe deepens and worsens, they will also experience a wave of bankruptcies and closures similar to those in the United States, which will in turn help the U.S. manufacturing industry in disguise.

    ????Did he come up with it by himself, or by his team of economic experts?  I'm afraid the 2 billion order pledged with national debt is just asking for advice, right?  Hoover also looked at Yang Qiu.  This method of telling the truth really moved his heart, because doing so would not only alleviate the crisis and find a way for a complete solution in the next step, but also benefit the oligarchs behind it, because the funds released would help them clean up their inventory, and finally  Increased liquidity can be said to serve multiple purposes with one stone.

    ¡°But he couldn¡¯t make a decision immediately. He had to tell his economic team these ideas, especially the opinion of Finance Minister Mellon. So he calmly turned the topic to matters such as supporting the Saudi family to build the country.

    Yang Qiu also knew not to be impatient. Even if Hoover was president, this matter could not be decided immediately. But seeing that he suddenly turned to the establishment of Saudi Arabia, he knew that he wanted to use his 2 billion U.S. national debt as a touchstone. As long as he finally  Congress passed this deal, so since there was a first time, why not a second and third time?

    After having these thoughts, everyone tacitly avoided the matter just now and began to study the order.

    After all, the order of US$3 billion was not a small amount, so after careful consideration, Hoover agreed to support the establishment of Saudi Arabia. He also promised to exchange 2 billion in unmatured treasury bonds first, but all must be spent in the United States.  As for the British pressure, Yang Qiu is at the forefront anyway, and the United States only needs to wave the flag and shout.  After all, if this wave can be sustained, it will be a good start for the subsequent opening up of free convertibility of national debt and withstanding the pressure from Britain and France.

    After the Saudi Arabia issue that he was most concerned about was implemented, Gu Weijun proposed trade compensation.  International trade is not one-way. If Yang Qiu is so sincere in placing orders, Hoover will naturally reciprocate.  However, the current economic situation in the United States is destined to make it impossible to make large purchases, and in the end it can only focus on the military.

    Finally, after three days and more than 20 negotiations at different levels, the two sides agreed that the U.S. military and Mobil Oil Company and other companies would purchase 112 bombers and transport aircraft, six 50,000-ton oil tankers and other commodities from China, with a total value of 100 million  Dollar.  In addition, the United States also promised to double tariffs on tea, raw silk, ready-made clothing, etc. from outside China from the date of the signing of the contract to help these Chinese products enter the U.S. market within five years.

    This kind of use of tariff differences to unilaterally open the market to a country is definitely a violation of trade rules. This shows how weak the United States has become at this time.  But Hoover did it anyway, not only because the United States itself needed to import these goods, but also to thank Yang Qiu for helping him at the most critical moment.

    On August 8, with the entire nation looking forward to it, the White House officially held a press conference. On behalf of their respective governments, Yang Qiu and Hoover signed the Sino-US trade agreement that shocked the world.

    According to the agreement, China will provide the United States with orders worth a total of US$3.8 billion in the next five years, of which the total purchase volume in the first year will be as high as US$1.2 billion!  The orders include tens of thousands of machines, complete sets of equipment, trucks, construction machinery, large metallurgical/refinery plants, etc. Even advanced experimental instruments that are originally very sensitive to various countries have been fully liberalized this time!  Finally, the Chinese government also promised toIn the next three years, 10 jobs will be opened to the United States and labor and immigrant visas will be opened.

    Finally, Hoover even publicly stated at a press conference that he and this administration strongly agreed with the cancellation of the Chinese Exclusion Act, and would urge Congress to review it and try to lift this discriminatory law during his term.

    As soon as the news came out, the United States cheered.  !  !  !
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