846th Peace Conference, Currency, Trade I
On the evening of April 29, 1936, the Berlin Royal City Official Residence.
Chang Ruiqing was wearing a silk nightgown and lay on a sofa in a luxuriously decorated small living room in the royal city residence. He quietly watched the report sent by the Chinese delegation to Germany. It was all about the nuclear attack that occurred near Borisov this morning. Before the nuclear attack, the heads of military delegations from major participating countries such as China, the United States, the United Kingdom, and Italy were invited to the Minsk frontline, which witnessed the nuclear attack with their own eyes. Therefore, the report of the Chinese delegation was delivered immediately, and the report was also taken on an aircraft near the nuclear explosion site.
Movie copy. There is a special movie screening room for watching in the Wangcheng official residence, but Chang Ruiqing witnessed the nuclear explosion scene with his own eyes, so he did not go to watch the movie copy with Wang Jingwei, Liao Zhongkai and others. Instead, there was a report of the military delegation in his bedroom. In the report, in addition to the content about the nuclear explosion, there was information that the German armored cluster was gathering around Minsk. It seemed that the Germans were preparing to copy the Battle of Krasnoyarsk to some extent, and used nuclear fission bombs to "explode" a gap on the Soviet defense line, and then put them into the armored cluster to attack.
Since the lessons of the Battle of Krasnoyarsk were there, the generals of the Soviet Red Army should be able to see through the German intentions. But what can that be? In the face of absolute strength, no matter how clever the command art is, it is useless! Even if Yegorov could mobilize thousands of Soviet Su-76 attack artillery, it would not be possible to resist the German armored forces. According to the report of the China National Affairs Delegation, the German armored forces are now equipped with a large number of Black Panther tanks (also known as D tanks) and Cheetah tank destroyers (also known as D tanks), and the Luftwaffe also has thousands of H air force.
s.129 anti-tank attack aircraft. This attack aircraft is a bit similar to the Chinese Air Force's strong 1, but its armor protection and firepower are stronger, but its combat radius is smaller, which is very suitable for the Soviet Western Front battlefield, which is not too wide. Under the crushing of this overwhelming armor and air superiority, the Soviet tank cluster that lost its strong defense line is absolutely no chance of winning. At most, it would arrange a decent curtain call for itself, and at the same time it gave Hitler the opportunity to show off his strong military strength to him. Roosevelt, Churchill, Mussolini, etc., who were in Berlin to attend the peace meeting, and the leaders of various countries who attended the meeting in Berlin to show their strong military strength.
At this time, footsteps sounded outside the door, and then the door was pushed open. Chang Ruiqing's deputy chief Chen Xinrui walked in with Liao Zhongkai and Wang Jingwei. The three of them just watched the movie film "Borisov nuclear explosion" in the movie screening hall of the Wangcheng official residence.
"Mr. Zhongkai, Brother Zhaoming, let's sit all." Chang Ruiqing sat upright, raised his hand and pointed to the sofa opposite him. He smiled and said, "How is it? The scene of the nuclear explosion is so exciting, right? Mr. Zhongkai, now he knows that the funding of the U Engineering Committee is all used on the blade, right?"
Liao Zhongkai nodded and said with emotion: "It's so terrible, so terrible, so terrible... We humans actually invented such a terrible weapon to kill each other!"
Wang Jingwei sat on the sofa before sighing and said, "Fortunately we also have this weapon, otherwise we would have worked hard for so many years. In the end, it would be a waste of money!"
"Mr. Zhongkai, Brother Zhaoming. Everything has two sides. Although the nuclear fission bomb is a powerful killing weapon, it will also be a powerful guarantee for maintaining world peace!"
Liao Zhongkai shook his head and said, "Prime Minister, you said that nuclear fission bombs will become a guarantee for maintaining world peace. I don't agree. Weapons are always used to kill people. Although it is better to be in the hands of good people than to be in the hands of bad people, this Hitler... is probably also the ambition to dominate the world, right?"
"Of course Hitler had ambitions, but it was not only Germany that had nuclear fission bombs!" After handing the report in his hand to Chen Xinrui, Chang Ruiqing smiled and said, "You should know that the British have become active recently, right?"
Liao Zhongkai and Wang Jingwei nodded, and Wang Jingwei said: "Is it because the British are not afraid of Germany because of nuclear fission bombs? And Hitler will not dare to touch them because Britain has nuclear fission bombs?"
"Haha, a nuclear fission bomb was thrown into Leningrad and killed hundreds of thousands of people. If the target was Berlin and Hamburg, millions of casualties were possible. Do you think Hitler dared to force the British to a dead end? If the British were really forced into a desperate situation, they wouldn't have to use the nuclear fission bomb to bomb Hamburg and Berlin. It would be enough to spread that thing! For example, to the Soviet Union and France."
Although Chang Ruiqing said this, he was not sure in his heart. If the German president was not Hitler, he could say that the world's situation in the next hundred or even hundreds of years had been decided. But for Hitler... Chang Ruiqing was really not sure. Who knew that this man would make a monster? So at this Berlin meeting, his most important task was probably to find ways to reconcile conflicts in all aspects and avoid the situation of confrontation between several major powers immediately after the end of World War II. In addition, he should try his best to help the British Empire. He could not let Hitler bring all the Russians to Australia to make trouble for himself.
"Prime Minister, it seems that the British have already given the nuclear fission bomb to the United States, right?" Wang Jingwei suddenly reminded: "Do you think Churchill will really give this bomb to the Soviet Union and France?"
"No, as long as Hitler does not touch the bottom line of Britain, they will not do that." Chang Ruiqing thought about it and said: "The United States is one of the three giants. The Manhattan project in their country has been in operation for many years, and it is only a short time before the British don't give it to them, and the Americans will be a few months later. Perhaps they will pay a large price to buy it from us."
"What a pity, let the British take the lead." Liao Zhongkai looked regretful: "Or our finances would be much better."
"It's okay!" Chang Ruiqing waved his hand and said with a smile: "I guess there are two main issues at this Berlin Peace Conference. One is to divide the territory. Our goal is to get Nanyang, Japan, Central Asia and Siberia except the Ural Industrial Zone. At the same time, we must ensure that the British Empire can maintain two pieces of land in Australia and Canada to avoid reviving the Russians in Australia; the second is the economic issue... Mr. Zhongkai. What do you have any opinions on this?"
"It's some ideas," Liao Zhongkai thought about it and said: "This world war was fought. From the perspective of military and neighboring land expansion, we and Germany are definitely the biggest winners, but from an economic perspective, the United States, which made a fortune in war, is the big winner. Since two or three years before the war, we, the Soviet Union and Japan, imported a large amount of machinery and equipment from the United States. After the war, orders from Britain, Germany, Italy and France continued to flow to the United States. After a war, the Soviet Union and Japan fell, and we, Britain, Germany, Italy and France, have been in the United States. After a war, the Soviet Union and Japan fell, and we, Britain, Germany, Italy and France, have orders from Britain, Germany, Italy and France.
The foreign exchange reserves were almost exhausted, and they all owed Americans a lot of debts. According to statistics from the Ministry of Finance, we owed the United States about 5 billion US dollars. Britain owed more than 6 billion US dollars. Germany owed more than 7 billion US dollars, Italy owed 1.2 billion US dollars, and France owed at least nearly 1 billion US dollars. In addition, the Arab Empire, the Palestinian State, the East India State, and the Israel State supported by the Germans also owed different debts of the United States, with the most 700 million US dollars, and the fewer were 500 million US dollars."
"Haha, after a war, the United States will become a global creditor, but it is not easy to be a creditor!" Chang Ruiqing said with a smile.
Liao Zhongkai also smiled and said, "Now, those who owe money are more ruthless than those who want debts. Not only do they owe debts, but they also need the creditor of the United States to help revive the economies of various debtor countries. Prime Minister. It is best to mention this issue in your talks with German President Hitler tomorrow. If China and Germany can unify their views on this issue, the United States will have to submit."
"Has the debt issue been negotiated with the United States?" Wang Jingwei, who was standing by, said in confusion: "The Americans have agreed to support Huayuan Internationalization, and have also asked to use the Federal Reserve's funds to buy our Huayuan bonds."
"Yes, the debt problem can be said to be temporarily solved, but the problem of trade imbalance has not been solved. Letting Americans buy our bonds to balance current account income and expenditure is always a temporary means, and long-term implementation is not possible. After all, we have no overwhelming advantage over the United States in military terms. After discussing with Mr. Junmai, I believed that there were two key points: one is to formulate an international trade and investment rule that is beneficial to me. The current international trade and investment rules are very chaotic, including barter trade by the Germans and free trade by the United Kingdom and the United States. The two rules are mixed to a certain extent, making international trade and investment full of unnecessary institutional costs, and they feel very inconvenient in all aspects. I hope to formulate a simple and easy-to-perform trade and investment rule.
The second is to formulate a favorable international monetary system. Although we have reached an agreement on the internationalization of the Huayuan with the United States, relying solely on the unwilling support of the United States, there is no way to make the Huayuan truly an international reserve currency. After all, the Huayuan is a paper currency, and it is a paper currency with different gold-linked pendants. Now what really supports the value of the Huayuan currency is our strong military force. However, once the world war is over and peacefully restored, our military strength will gradually fade out of people's sight. If the people of the world do not recognize our Huayuan, we can't force others to admit it with swords and guns?"
Liao Zhongkai is worthy of being an expert in economic and financial management for a long time. A simple and easy-to-understand analysis made Chang Ruiqing understand that even if he used his military strength to force the United States to purchase large quantities of Huayuan bonds within a few years after the war, it was still not enough to establish Huayuan's international status. Therefore, China cannot rely entirely on Huayuan banknotes to make up for the dilemma of insufficient capital in the country.
Or in other words, the concessions the United States has made to China and Germany on economic issues are far from enough. At this Berlin Peace Conference, China and Germany must join forces to put pressure on the United States and bear more obligations for the recovery of the post-war world economy!
"Mr. Zhongkai, what kind of trade and investment rules and international monetary system should we propose?" Chang Ruiqing frowned and asked. Although he was a person who came from later generations, it was really unreasonable for international trade, investment and monetary system in later generations. It has no reference value for Chang Ruiqing now, so he wanted to listen to Liao Zhongkai's suggestions.
"Let's talk about the national monetary system first. Recently, the United States and the United Kingdom proposed two solutions in this regard. One was called the 'White Plan', which was proposed by the Assistant Secretary of Finance of the United States. The core content is to establish an international monetary system centered on the US dollar, propose that the US dollar is pegged to gold, the currencies of other countries are pegged to the US dollar, and the implementation of a fixed exchange rate system." Liao Zhongkai said jokingly. What he is talking about now is the Bretton Woods system that laid the hegemony of the US dollar in later generations. However, although the United States in this time and space has huge economic advantages, it has no strong military strength as backing. Germany and China will definitely not miss them. It is purely a fool to establish the Bretton Woods system.
"What do the British say?" Chang Ruiqing interrupted.
"The UK proposed a Keynes plan, which was proposed by the famous British economist John Maynard Keynes. The core content is to establish an international settlement alliance to issue a unified world currency..."
"World...world currency?" Chang Ruiqing had already remembered who Keynes was. Wasn't it just the British economist Keynes who advocated state intervention in the economy? Historically, he proposed a Keynesian plan that tried to maintain the status of the British pound and fight against the hegemony of the dollar, but White's plan that lost to the Americans in the Bretton Woods system.
Chapter completed!