British Civil Servant

Of course, a stern attitude should be taken with regard to the blood-enhancing package of the United States. In fact, Japan, which is completely controlled by the United States, has always been a sharp weapon against Britain and France.

This is why Alan Wilson has been yelling about unfair trade, exchange rate manipulation and other rhetoric for many years, but the United States still turns a blind eye.

The United States is using a country that can be fully controlled to give eye drops to the previous version of the hegemony of Britain and France. Both the United Kingdom and France are well aware of this fact. Now that the United States wants to bleed the blood bag, why do the two countries oppose it? ? It's long overdue.

Of course Mitterrand has no objection to forming a group with the UK. Of course he also hates the UK in his heart and thinks that the UK is a traitor in the European Community. But at this time, of course the two countries must unite. The reason why they didn't care before was just to let Britain take the initiative to show its sincerity.

Changing to Mrs. Thatcher will definitely not let the French succeed, but Alan Wilson has never been stingy to make two extra trips, and besides, he does not have a place to live in France.

In fact, the record deficit in the United States is mainly due to its own problems. It used to have a deficit problem, but it is far less outrageous than the past year. This is not because of the interest rate hike. The root cause is inflation. Due to the Vietnam War and President Johnson’s " With the policy of the Great Society Plan, the debt pressure in the United States has continued to increase, and inflation has intensified.

After that, Paul Volcker took office as the chairman of the Federal Reserve and continued to raise interest rates in the United States. At the highest point, the interest rate in the United States exceeded 20%, becoming "the highest interest rate since the birth of Jesus."

Tight monetary policy quickly brought inflation under control in the United States, and the dollar strengthened. At first, the United States was happy to see the success. President Reagan's favorite slogan is: "Strong America, Strong Dollar". Paul Volcker was dubbed an "anti-inflation fighter".

However, the dollar is too high, so that the US exports, especially manufacturing exports have been hit hard. After more than two decades of rapid development, Japan has become the main source of the US trade deficit.

Obviously, the United States has eliminated inflation through a strong dollar, but the negative impact is that it has severely damaged its own exports. What the United States thinks now is that eliminating inflation is good, but the deficit problem must also be resolved. If it cannot be resolved by itself, it will find a scapegoat. solve.

Basically, both Britain and France have reached a consensus on this point, so there is no problem, waiting for the meeting to agree that the United States should punish unfair trading countries that should pay the price.

Family affection is precious. Even if the film queens are indeed gone now, Alan Wilson still likes to stay in Woodpecker Films, even if it is good to sit and chat.

On the marriage issue of the next generation, he definitely has no right to speak. He can't even control his daughter Pamela. It's just that Arnold said that he will be accompanied by a man of the same status as his husband, but he has no intention of getting married for the time being.

Ingrid Bergman's two daughters don't need to worry so much. It is reported that they already have a sweetheart. They seem to be descendants of orthodox aristocrats. The gold content of these French aristocrats is quite low. deceive.

The person in the United States who is now in charge of making Germany and Japan take care of the overall situation is White House Chief of Staff Baker. Baker is a lawyer and has no opinions from various schools of economics. He is a pragmatist who pays attention to dealing with problems in the most direct and effective way.

After receiving the support of Britain and France, there is no need to delay anything. The White House has released rumors that it will resolve the balance of international trade at the meeting of the finance ministers of industrial countries. This time the meeting was held in Japan. During the negotiation process, Baker adopted a "divide and conquer" strategy, first reaching an agreement in principle with Japan, and then went to Europe and told European countries that Japan had promised us.

When European countries also agreed, the United States returned to Japan and beat Japan with European cooperation, demanding that Japan accept even harsher conditions.

Lawson, the chancellor of the exchequer, also received a vague notice from the United States. After discussing with Mrs. Thatcher, "It seems that the Americans have persuaded Japan and Germany."

"That means the strong dollar is over. Americans may play games with words, not to say that the dollar should be devalued to promote the balance of imports and exports, but that other countries' currencies should appreciate."

Alan Wilson came in and said, "This is just a face-saving argument. Inflation has come down and the time to raise interest rates has passed. We have to adjust accordingly. If the dollar depreciates, the corresponding pound will appreciate. This is for the UK. It's also disadvantageous."

Mrs. Thatcher and Reagan used a routine to absorb inflation by raising interest rates. Even the UK did it earlier, because Mrs. Thatcher came to power earlier, and now the inflation problem in the UK has been solved. Obviously, such a high interest rate will not fit.

Lawson's trip to New York is actually just to confirm the signing of the Plaza Accord. The talks have already been finished, and even the documents have been prepared, just waiting for the finance ministers of the relevant countries to sign. Alan Wilson has even read the documents of the Plaza Accord, and learned how to use words and sentences by the way.

For example, the expression "dollar depreciation" does not have this reference throughout the text, but it is said from another direction to be "appreciation of non-dollar currencies". In essence, there is no difference. This is just to save face for the United States, which has been shouting "a strong dollar" before. At least in words, it will not make people feel that the US monetary policy has made a 180-degree U-turn.

"I heard that the German side has a lot of complaints about Japan. Seriously, the root cause this time is that the Japanese are too greedy." Mrs. Thatcher smiled, and she was certainly happy to see the Germans deflated. It is very uncomfortable that a defeated country has become the leader of European manufacturing industry.

"That's the case." Alan Wilson nodded. "Maybe it's because you feel uncomfortable with Germany and Japan as scapegoats. Who can't have the right to complain?"

Among the five countries in the square meeting, Germany has always had a grudge against Japan. Because in the United States' roll call, Germany and Japan are the only two "trade surplus countries" that were named. To put it bluntly, these two countries are earning money from the world.

Those who earn a lot of money will naturally spend more money and efforts in this joint intervention, and will be more negatively affected by the Plaza Accord.

Japan is the largest exporter and a country with a trade surplus, so there is nothing to say about it. Germany, with a much smaller surplus, was reluctant to go along with it. In fact, the statements in the Plaza Accord that Japan and, to a lesser extent, Germany’s current balance of payments had a surplus were put forward by the United States. The purpose was also to appease Japan and prevent it from appearing isolated.

Not as much as the Japanese earn, especially if they don’t earn as much US dollars, but they still have to be picked up by the Americans as a model. Of course, the Germans are not happy. The Germans think that they have been implicated by Japan.

At the last round of finance ministers' meeting, the German representative objected to this: "How can small animals and elephants ride in the same boat?" The American representative responded immediately: "Of course small elephants and elephants have to ride in the same boat."

When the United States is hungry, it will bleed. However, it depends on the current relationship between Mrs. Thatcher and Reagan, and the strength of the United Kingdom, so the amount of natural bleeding is naturally different. This time, the treatment of currency appreciation It belongs to the mark and the yen, and has nothing to do with the pound franc. As for the joint intervention in the financial market to promote the devaluation of the United States, each country also has its own share.

Japan is a country with the same status as the United States. The United States and Japan each have a 30% share. As for Germany, another unlucky Axis power, it is 25%, and the remaining 15%. France has 10 percent and Britain 5 percent.

This has all been determined, so the task of the Chancellor of the Exchequer, Lawson, is to arrive in New York to sign. The United Kingdom has been promoting the signing of the Plaza Accord, also for the sake of the early quelling of its own strikes.

Although Alan Wilson has made up his mind that if the Plaza Accord is not signed, the strike in the UK will not end, but wouldn't the losses of the UK be smaller if he signed it earlier?

How to choose international capital? Of course, it is selling dollars to buy yen. Alan Wilson, a civil servant, certainly cannot directly operate this matter. Fortunately, Britain does not lack professional financial talents.

Compared with the original history, the Plaza Accord was signed three months earlier. On June 22, the finance ministers of the United States, Britain, Germany, France, and Japan signed such an agreement at the Plaza Hotel in New York, USA. This agreement opened the prelude to the appreciation of the yen and the mark.

This has also caused the movement of international capital. Of course, Pamela Mountbatten has already completed the buying and selling operations, and is waiting to see the rising figures, "Maybe there will be a 15% return, which is already It's heart-warming."

"According to public information ~www.wuxiaspot.com~ This is indeed the original intention of the United States, but the dream can be bigger." Alan Wilson looked like a prince. At first, the United States really believed that the yen would depreciate by 10%. Five will do the trick.

But it must be said that Japan's industry in this era is quite strong. As a result, although the yen has appreciated by 15%, the product exports of the United States still cannot beat Japan.

Not only did the deficit not shrink in the first year, but it led to the appreciation of the yen, making Japan seem to be getting better and better. So the cycle began, and the United States continued to increase the appreciation of the yen, which resulted in a 100% appreciation of the yen.

When the Plaza Accord first started, not only did Japan seem to be unaffected, but it became more and more fierce. Only then did the United States see clearly that Japan was really raised by itself and should strike hard.

Of course Pamela Mountbatten was happy. After only one day, he made 5% profit, which is 5% of the scale of 5 billion pounds, and only one day passed, just the beginning. The exciting harvest, even the richest woman can't help but be moved.

(end of this chapter)

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