Chapter five hundred and seventy-six run waves
"Otherwise, why are the French proud? The Paris Commune first appeared from France, which is not unreasonable." Serov reviewed the KGB intelligence and stood from the perspective of the bystanders. "Although the French in modern times are getting weaker, they do not lack the courage to be challengers, but in the end they are always so angry."
After the end of the Hundred Years of War in Britain and France, France's national strength was the most powerful period during the Sun King period. A country was fighting against the entire Europe. At that time, Britain could not stand at a low price. However, when France was about to revive its strength, a revolution without warning appeared. When the Napoleon era came, no one would deny that Napoleon was a military genius, but in terms of national strength, France's relative strength was not as strong as Britain. During World War I, France performed its best and squeezed out its final potential.
After the war, Charles de Gaulle worked hard and tried his best to enhance France's influence. This time, France under his leadership once again stood among the challengers, letting countries around the world know that the French have not been eliminated.
France is the most obvious of all countries to the hostility of the US dollar. Other countries only do not say it. The French have to say it and do it. Since Charles de Gaulle, French politicians have been complaining about the hegemony of the US dollar in vain, and they have to say it until the 21st century.
French banking groups including Bank of France, BNP Paribas, Bank of Credit, and People's Bank of China raised all the funds they could raise after meeting with President Charles de Gaulle. De Gaulle once said: "Dollar privilege" turned world trade into a warehouse for the United States. The United States had a trade deficit. Just print more dollars to exchange for business services to other countries for free. Obviously, this time he is preparing to shake the hegemony of the US dollar, which seems to be strong.
Starting from March, violent fluctuations suddenly occurred in the financial market, and all French banks began to sell US dollars to buy gold in the global futures market. The value of the US dollar began to face unprecedented challenges. In Paris, Charles de Gaulle placed his hopes on his allies, hoping that they and France would disintegrate the Braston Forest system. The world returned to the era of one-stop.
At the same time, Kosykin convened a meeting of Soviet ministers, and it was obvious that he had learned about the violent fluctuations in the gold market. Kosykin's two assistants set up a group specifically responsible for this issue, which concentrated all US dollar reserves of the Soviet Union and Eastern European countries.
At the same time, Selov also sent one billion US dollars to the group, and at the same time launched his own plan, taking the remaining 20 billion to find the right time, and cooperating with the actions of France and the Soviet Union at critical moments. The group was already established in a secret location and mobilized the secret police corps as a protection. General Kadpov happened to be away at this time, which was in line with Selov's idea.
The world's financial futures market became turbulent in an instant. De Gaulle used all the US dollar reserves of the Ministry of Finance and the US dollars of major French banks to plunge into the gold futures market.
"We cannot let this shackle be stuck on the French people all the time," Charles de Gaulle emphasized the importance to his finance officials and the presidents of major banks.
"This system is a shackle for our Soviet Union, find a way to remove it." Kosykin said to his assistants. For the Soviet Union, the Breston Forest System had a different understanding.
In the Soviet Union's view, this system was a cage tailored for the Soviet Union. Everyone knew that the United States was the world's largest gold reserve country, but few countries knew how much gold the Soviet Union had, but Americans knew and estimated that it was a rough figure. Four thousand tons of gold, except for the United States' second largest gold reserve country. This figure overestimated the Soviet Union's reserves, but in history, Khrushchev did not spend gold twice to buy food, saving about 800 tons of gold. Kosigin knew that the Soviet Union's treasury had about 3,000 tons of gold.
The Soviet Union believed that the United States, which prevented the Soviet Union from entering the international market, and accounts for nearly 70% of the world's gold reserves, tried its best to stabilize the gold price, fixed the gold price at 35 US dollars per ounce and ensure free exchange, was created in this context. The purpose was to lower the value of gold and thus limit the Soviet Union's economic capabilities.
Although the United States continues to work to maintain the Bretton Woods system aimed at curbing the Soviet Union to raise funds for the arms race by raising gold from the international market, it is increasingly feeling the pressure from the Western European economic power.
While the United States tried its best to withstand the counterattack of North Vietnamese troops in the spring offensive, the world's gold market fluctuated violently within a few days. After all, the Breston Forest system was established by the Americans himself. Of course, this system has nothing to do with perfection, but as long as there is any disturbance, Wall Street can feel it immediately.
William Mike Chesne Martin is the current chairman of the Federal Reserve. He has been in this position for seventeen years and has the most practical side. He is very cautious in estimating the strength of any opponent. After the fluctuations in the gold market, he instantly concluded that someone was tampering with the US dollar and gold.
The capital flow of a country cannot be concealed. Later, William Mike Chesne Martin, who met some Wall Street financial tycoons, said with a cautious attitude, "The funds attacked us came from France, it was the guy de Gaulle who once again had a bad idea about our dollar."
"Charles de Gaulle? It's this annoying guy again." A middle-aged man with eyes said in disgust. De Gaulle is unique in the Western world and has always praised France's influence. Three years ago, he exchanged the US dollar for the gold reserves placed in the United States.
"He is not afraid of suffocating to death? Does he want to exchange our gold with the US dollar?" Another old man thought for a moment, "We must fight back. If France does not learn a lesson, many countries will learn from France and set off a wave of gold runs. We cannot face so many countries at the same time."
If the United States has been honestly adjusting the issuance of money in accordance with the principles of the Braston Forest system and controlling its trade surplus and deficit, even if there is a problem, there may be a wave of runs. But the problem is that the United States has really custodians because of the huge expenses of the Vietnam War, the United States has really printed a lot of dollars more.
This is equivalent to the US dollar itself having a problem, and it happened to be discovered by De Gaulle. Flies do not bite seamless eggs, and the United States will first violate the rules. It is not easy for the French to cause storms, and De Gaulle's dissatisfaction has always been just dissatisfaction.
Of course, the Fed's gold does not have 20,000 tons without the moment of subversion, and a lot has been left over the years. But it is still the world's largest gold reserve country, with more than 14,000 tons of gold in its hands as its confidence.
"Look at how much they can eat, mainly because they are afraid that the French will have allies. In this way, we will first communicate with some countries, and then concentrate our efforts to suppress France. We will sell as much as it wants. At the same time, we will use the US dollar to defeat the francs, which are not big in itself. They can ask for gold, and we will turn the francs into waste paper." The last old man in a suit and ties stood up and said, "No matter what, the influence of the United States on the world is far from that of France. The US dollar or the US dollar, the franc market will be occupied."
"Okay, I understand. De Gaulle likes gold, so we throw it out for him to eat until he digests France." Fed chairman William Mike Chesne Martin nodded fiercely. In fact, this resolution does not conform to his always cautious character, but this matter is not his final say. Now he has only one job, and US Treasury Secretary Henry Hamil Fowler seeks support.
"We are not afraid of the means of the United States suppressing currency. The French are in a world where the United States sets rules. If the United States starts to attack the francs, the French may swallow gold, but the scope of the francs may disappear. But we are different. Our Soviet economy is not big and the United States, and the Americans have no way to deal with us. So as long as the Americans reveal their flaws this time, we can do whatever they want without any scruples. Without worrying about the anger of the United States." Kosykin said this when attending the meeting of the Central Presidium of the Soviet Union.
The economic contact between the Soviet Union and the United States cannot be said to be completely lacking, but it can also be said to be basically not. The Soviet Union is not afraid of the United States' economic revenge. Anyway, the United States has always blocked the Soviet Union, and the Soviet Union is not afraid of being blocked.
The Frenchman's crazy run continued. Wall Street and the Treasury Department used a few days as an assessment. A week later, they took action on the London trading market. On the first day, two hundred tons of gold were released, and then there was a constant gold. In mid-March, the United States had 500 tons of gold. Until this time, De Gaulle discovered that he had insufficient funds for the attack on the US dollar and none of the allies he contacted appeared.
In order to fight against the Americans, there are not many countries with such courage. Some countries secretly played some gold and did not dare to help France openly. France, which was fighting in the army, would not be the opponent of the United States. Although France's crazy run of bankruptcy is very dangerous, it is not enough to defeat the United States. The United States seems to have achieved results in this risky operation. At this time, the Soviet Union, the carrier of Cauchykin, concentrated the foreign exchange reserves of the entire socialist camp and entered the gold futures market. He took over the role of France and began to run gold.
The entry of the Soviets surprised the Americans. They did not understand why the Soviets had so many dollars. American citizens could not exchange dollars from the Federal Reserve for gold, but foreign governments could do it. Many of the dollars in the Soviet Union were earned by Selov from the United States over the past ten years. In other words, the US dollar that cannot be exchanged for gold in the United States is in the hands of the Soviet Union. With the investment in attacking the dollar exchange rate and speculating on the price of gold, the remaining US dollars in the Soviet Union can still be exchanged for a huge amount of gold. (To be continued.)
Chapter completed!