The calculation method of "Banko" proposed by Keynes is of course unacceptable. The British Empire before the World War was barely considered the world overlord. Although no real powers surpassed Britain, there are still "scale advantages" among others. India did not go independent, and the colonies in the South China Sea are still there. The import and export trade of the entire British Empire accounts for as high as 30% of the global import and export trade! If the basic "Banko" is distributed according to this proportion, how could China, the United States and Germany agree?

However, Chang Ruiqing knew that Keynes' "International Settlement Alliance" and "world currency" were still correct! The hegemony of the US dollar in later generations was not a benign international monetary system. It not only gave the United States the power to abuse paper money to plunder world wealth, but also caused some countries to deliberately lower their currency exchange rates to enhance their commodity competitiveness. Moreover, the depreciation and appreciation of currencies became a means for the ruling group of some countries to manipulate international capital flows and create economic bubbles to accumulate wealth. In terms of rationality and fairness, the hegemony of the US dollar, which is completely controlled by the United States, is really not as good as the "world currency" system jointly controlled by the major powers in the world.

The national conditions of the Greater China Federation after the war were different from those of later generations. As one of the two biggest winners of World War II, the future federation does not need to import energy, ore and food from the international market. The federation can be self-sufficient, so there is no need for the federation to seek huge trade surplus - it is meaningless to use its own resources, environment and labor to exchange for American paper rubbing. If the central bank uses super-issued currencies to buy almost all inflows of US dollars to lower China

The Yuan exchange rate and then open your eyes and say that you have not manipulated the exchange rate, it is even more nonsense. Apart from causing the expansion of domestic asset bubbles and inflation, there is no benefit in stimulating employment, uh, if the products produced at the cost of China's resources, environment and labor are "given" to the United States as a way to stimulate employment, then why not throw the products directly into the Pacific? This will at least not cause domestic liquidity surplus, or there is no excuse to create domestic liquidity surplus...

Therefore, the current Prime Minister of Greater China, Chang Ruiqing, has no idea of ​​letting the country he leads to be a world factory at all. He is sincerely pursuing the balance of international trade and investment. Therefore, the world monetary system proposed by Keynes, which can avoid "competitive currency depreciation" and "indiscriminate currency issuance" is quite in line with his taste. Moreover, it is more likely to be implemented than the world monetary system of the US dollar, Mark, and Huayuan trio that Chang Ruiqing originally envisioned, and it is extremely convenient to operate.

Thinking of this, a smile gradually appeared on Chang Ruiqing's face. After standing up and walking back and forth in the living room for a few steps, he stopped in front of the wall hanging a large world map, looked at the vast territory of the future Greater China Federation on the map, and said thoughtfully: "We should support the Keynes plan in principle and we must not allow the US dollar to gain the status of world currency! However, on the issue of how to allocate Banco's share, we cannot agree with the British. The international import and export situation before the war has no reference value, because the world after the war is completely different from the world before the war. We should put forward our own opinions, Mr. Zhongkai, what do you think?"

"Prime Minister. My idea is that the Banco distribution plan should comprehensively consider the territorial area, population and GDP of each country after the war, and of course military strength." Liao Zhongkai thought, "It is definitely beneficial to our Greater China Federation, because we have the largest population and the largest territory. The British are probably acceptable. Their current territory is not small. If they receive 30 million Russians after the war, the population will not be small. Considering the GDP is taking into account the interests of the United States and Germany. Of course, in terms of specific calculation methods, we may focus on the GDP. In fact, we are not too small in this regard..."

"The key is military strength!" Chang Ruiqing smiled coldly and interrupted: "What is the territory, population, and GDP, are all false, only military strength is the most real! In terms of Banco distribution, Germany is definitely the largest. We should rank second, the Americans are third, the United Kingdom is fourth, Italy is fifth, France is sixth, and other small countries that are not as good as they can just divide it."

Wang Jingwei suddenly frowned and interrupted, "This Bansen Distribution Plan seems to be to create a large amount of capital for us and Germany out of thin air? So will the 'debt restructuring plan' we reached with the United States still be implemented?"

"Of course it has to be implemented, one code is the same as one code!" Chang Ruiqing smiled and said, "Our Huayuan is to be linked to Banke. If Bankes have all flowed into the United States, will the circulation of Huayuan be restricted? So it is necessary to ask Americans to borrow money."

"But will the Americans agree?"

"Of course I will agree!" Chang Ruiqing smiled and said, "In fact, this approach is also beneficial to the United States. They are now the largest trade surplus in the world and now have 75% of the world's gold reserves. Although they suffer some losses in the distribution of basic classes, they can soon earn back through international trade."

Liao Zhongkai nodded and said, "The Americans can only agree. The interests of the issuance of international currency rights are too great. It is not possible to swallow this piece of fat without a gun. But military power alone cannot force the United States to make concessions again and again, right? If we want to promote world currency and ask the Americans to buy our public debts in large quantities, the Americans may not agree? After all, they now have nuclear fission bombs, and it is impossible for us and Germany to really fight the United States..."

"Of course I won't really fight. If the United States is defeated, it will be the Germans who will unify the white world. At that time, we East Asian yellow people will not have good results!" Chang Ruiqing smiled and said, "Are there any trade and investment rules? Maybe we can give Americans some sweetness in this regard in exchange for their concessions in the world monetary system."

"In terms of trade and investment? Prime Minister, what do you mean..." Liao Zhongkai was a little stunned. Chang Ruiqing's previous attitude seemed to be planning to block American capital and products as much as possible outside the country's gates. Why are you planning to make concessions in trade and investment now?

Chang Ruiqing walked a few steps inside the house and smiled slightly, "In terms of trade, my view has always been to pursue trade balance, but this is the general direction, which does not mean that we cannot bear the short-term trade deficit. In fact, we had suffered a trade deficit of more than ten years before the war. In terms of investment, I do not have an exclusionary attitude towards foreign capital, but it is not particularly welcome. Supporting our own consortium companies is the long-term solution." He paused and said, "In the past, we implemented a planned economy in the fields of trade and investment, and relying on gold foreign exchange control and the instructions of the State Planning Commission for regulation. This set of methods is very effective in the war readiness period and war period. Limited funds can be used for projects closely related to military industry. The biggest reason why we win the world war is this set of national socialist economic management methods, but this set of methods does not apply to post-war."

The method of national socialism is undoubtedly a big tonic for a just-in-the-starting economy. It is dominated by the government and concentrated material and financial resources to the industries that are most helpful for strengthening national strength or developing the economy. It may be the heavy industry and military industry. It may be the export processing industry, or the electronic automobile industry. Germany (Second Empire, Third Empire) and the Greater China Federation of Time and Space, and the Celestial Empire in Another Time and Space also requires the Three Asian Little Dragons (excluding Hong Kong, it would be OK to build only super expensive houses in that place) at the stage of economic development and take off. They use the method of national socialism to manage the economy, and of course the sign is not necessarily national socialism.

However, this kind of government-led approach and government instructions to replace the market to a certain extent will definitely not be implemented. On the one hand, the government's long-term replacement of the market will inevitably lead to the "winner" of enterprises that are close to politicians rather than truly competitive. On the other hand, before and after the war, the federal government's economic and industrial development goals were very clear, which was to give priority to heavy industry and military industry. But what kind of industries should the government focus on building after the war? Although Chang Ruiqing still has gold fingers to use in this regard, he still believes that a good market economy mechanism will promote the long-term development of the federal economy of Greater China, which is much greater than a few gold fingers - the market matters should ultimately be left to the market to solve them themselves. Instead of relying on a government that is self-righteous and omnipotent.

"But Prime Minister, you have rejected the requirements for developing the market and investment in the negotiations with Mr. Hopkins..." Liao Zhongkai said with a puzzled look on his face.

"Mr. Zhongkai, don't you understand? The Prime Minister regards opening up the market and investment as a bargaining chip." Wang Jingwei has been a foreign minister for many years and is very clear about the bargaining tricks during diplomatic negotiations.

"Zhao Ming is right. Opening the market and investing are our bargaining chips." Chang Ruiqing laughed and said, "The big companies and consortiums in the United States dream of entering Asia and Europe's vast market. Didn't the US government keep clamoring for opening up the door? Now they have not opened Asia. The military power of the European portal can only discuss with us, Zhongkai. Do you think we should be a lion and slaughtering the Americans? I think Roosevelt is also eager to make achievements in international trade and investment liberalization? His presidential skills are no longer good. If he can no longer open the European and Asian markets for their domestic consortiums, he will not participate in the presidential election in November this year."

Liao Zhongkai and Wang Jingwei's eyes lit up. They still don't know what kind of country the United States is? It's a businessman country! The monopoly consortium is the real master of the United States. President Roosevelt is actually an agent of the consortium. The most fundamental purpose of the United States participating in this world war is to knock on the doors of Asia and Europe for those large consortiums. Unfortunately, the performance of the US team on the battlefield can only be described as bad, and eventually became a "station-winning country". However, the large consortium of the United States made a lot of money one by one. Now he is thinking about threatening huge sums of money to enter the old continent of Asia and Europe that has been ravaged by the war! If Roosevelt still wants to be president for four years, can he not perform well in this regard?

...

In Washington, the White House, Roosevelt held an urgent telegram from Wei Demai, the head of the US delegation to Germany, and frowned and said to MacArthur: "It seems that the world war is coming to an end soon. There will be a German-speaking master on the European continent. Nearly 10 million square kilometers and more than 300 million white people will be worshipped under the Iron Cross. This scene makes people feel numb..."

MacArthur was also extremely distressed. In his opinion, the United States' military power was not that weak. The reason why it performed poorly on the battlefield was mainly because it was hasty to go on the battlefield without being prepared, and there were obvious mistakes in command, which made Japan, the Soviet Union and the Indian Assassin bully. By the time the US team was fully prepared, the world war was about to end and there was no chance to perform at all. Speaking of which, the title of "stop-winning country" was really unfair.

"Mr. President. The US Army is not afraid of any enemy now, whether they come from Europe or Asia! As for the US Navy, it is the most powerful in the world. Even if all the maritime forces in Europe and Asia are combined, they are not their opponent!"

Roosevelt sighed and blew out the smoke: "Mr. Admiral, the world war is about to end soon. The United States has missed the opportunity and will not come again... The future world can only be jointly led by China, the United States and Germany. There is no way to do so unless the American people are willing to fight another world war."

MacArthur also smiled bitterly: "No one will agree. This is impossible, especially in the mode of nuclear war... The Chinese and Germans have thrown seven nuclear fission bombs on the heads of the Soviets, two of which were thrown in two major cities in the Soviet Union, killing hundreds of thousands of civilians! This kind of thing is simply cruel. President, do you think it is really appropriate to go to Berlin to participate in the peace meeting after the nuclear explosion in Leningrad and Smolensk?"

"It is necessary to go if it is inappropriate, otherwise the United States will be excluded from the core of world power." Roosevelt sucked a few more cigarettes, and he turned to Hopkins and said, "Harry, what do you think? Can the United States ignore Europe and Asia's implementation of her isolationism?"

Hopkins shook his head. After the news of the nuclear explosion in Leningrad and Smolensk spread throughout the United States, Russian-American ethnic groups in the United States held demonstrations and marches one after another to protest Germany's war atrocities. In order to please Russian voters, Republican presidential candidate Alf Langdon even called on Roosevelt not to attend the Berlin Peace Conference unless Germany and China promised not to drop nuclear fission bombs on Soviet civilians. However, this is what the opposition presidential candidate can say. Roosevelt in North Korea could not do that at all, because the United States also wanted to get something that could not be obtained on the battlefield from the Berlin Peace Conference negotiating table!

Besides, the United States can implement isolationism politically, but cannot implement isolationism economically, because now the industrial production and capital in the United States are very surplus and urgently need to be exported to the outside world. Although the market in Latin America is not small, it has long been the backyard of American capital, and all the more profitable areas are controlled by the American monopoly consortium. Therefore, Latin America is the meat in the bowl. Of course, it is not as attractive as the meat in the Asia and Europe, the two pieces of meat in the plate.

Moreover, in the eyes of the big American capitalists, the market capacity and development prospects of the dictatorship and the rampant Latin America cannot be compared with the Great East Asia and Europe, which have embarked on the evil path of democracy and constitutionalism and won the world war. The former is just a cheap raw material export site and a not-so-large product dumping site, while the latter is a truly promising big market. If you don't seize it as soon as possible, the local consortiums in Asia and Europe will grow and grow, and it will not be easy to get in at that time.

"President, you have to go to Berlin, even if you can't knock on the doors of the Greater Europe and Greater East Asia markets immediately," Hopkins said carefully. "Because after the war, China and Germany will establish effective rule in Greater East Asia and the European continent, and our leadership in the Americas is not solid. If we cannot reach a compromise with China and Germany, they will likely build a South American power to fight the United States."

MacArthur also nodded slightly. He did not care whether the US monopoly consortium could successfully enter the European and Asian markets, but he could not tolerate China and Germany put their claws into the US back garden Latin America! But the question is, if China and Germany really do this, what can the United States do? Now is the era of nuclear fission bombs! As long as China and Germany export nuclear bomb technology to Brazil or Argentina and support them to be the leader of South America, the United States will cry even if it cries! Therefore, it is necessary to take advantage of the opportunity of the Berlin Peace Conference to determine the three giants and one of the British spheres of influence. For this reason, it is completely worth making certain economic compromises.

"So Berlin must go," Roosevelt smiled, and then said to MacArthur: "Admiral, how is the development of GC International in South America at present? Is there a possibility of a GCD-led uprising?"

MacArthur frowned slightly: "I'm afraid it's a little difficult. I'll go to General Donovan to discuss it. Maybe I can try it..."
Chapter completed!