Time soon came to the moment Zhang Zhonghua had been looking forward to.
The Commander-in-Chief of America officially announced that America has given up its "double peg" responsibility. America no longer assumes the obligation to convert currency freely into gold under the Bretton Woods system, and will no longer maintain a fixed exchange rate between currency and other countries' currencies.
The official decoupling of gold and silver also marked the official disintegration of the Bretton Woods system established in July 1944, and the global monetary system officially entered a new era.
After the world economic crisis and World War II, America ascended to the status of leader of half the world. With three-quarters of the world's gold reserves and strong military strength after the war, America established an international currency centered on Dole.
system.
However, when Commander-in-Chief America announced that she would no longer bear the obligation to freely exchange gold for gold, governments around the world were completely shocked by America's shameless behavior.
The leaders of John Bull, Germany, Gaul, Japan and other countries immediately condemned America's behavior and demanded that America continue to assume the obligation of freely converting swords into gold.
The hearts of the commanders of various countries are bleeding, and they all want to go to America and strangle Commander America directly. At first, you said that it was okay for Dao Le to replace the gold standard currency system, and now you have declared it invalid. Does this mean that all countries in the world have been destroyed?
Are they all being treated like monkeys?
Before the Second Super War, the reserve assets of various countries were mainly gold;
After the Second Super War, American processes such as Dole became the most important foreign exchange reserves of various countries, and the gold reserves of various countries increased slightly.
The Bretton Woods system was based on gold and used gold as the world's main international reserve currency.
For Howard Card, the disintegration of the Bretton Woods system cannot be said to be a perfect decision. Let the currency be linked to gold again, completely bidding farewell to the era of the gold standard, and making the currency a real credit currency.
Zhang Zhonghua Gao Deng planned to go to the CFC restaurant to buy something to fill his stomach before going to the company, but he had to give up the idea when he saw the long queue at the door. There were too few tourists in the Financial City.
"If he thinks it's expensive, why don't you think it's too expensive? The London gold market costs 41 dollars per ounce? Then he can't buy it at the London gold market."
The process of other major economically weak countries has ended and they have risen rapidly, and then those currencies have started to compete with the currency, making the currency no longer the only world reserve currency, and the currency has also begun to develop towards diversification.
"Now they are all on sale, one ounce of gold is only $65."
Shao Guishuka, is it shameful to think that all the gold in the world is in vain? If there is no gold-linked sword music, it will end and depreciate. What should I do with my own country's currency?
Jade Emperor Gaodeng walked out of the supplies and said happily to his husband.
"The disintegration of the Bretton Woods system? The decoupling of music and gold? That damn American... (the content is too low, omit 10,000 words here."
When various countries subscribed for shares, they all purchased the shares with real gold. The shares paid in the early stage were gold, not gold.
“Everyone, now that the Bretton Woods system has disintegrated, the Howard Card is no longer convertible into gold, and countries have basically gotten their gold back in the Howard Card.
Zhang Zhonghua Gaodeng said.
Zhang Zhonghua and Gao Dengren stopped cursing.
Each country's currency is linked to the currency. Each country's government stipulates the gold content of its own currency, and determines the exchange rate with the currency through the ratio of the gold content of the currency.
That should be regarded as Howard Card’s first act of gathering wool from all countries around the world before the seventh super mini-war. It made all countries in the world adapt to it, and they quickly adapted after having a relationship. In the past, Howard Card wanted to be embarrassed.
There are even fewer things to do.
Zhang Zhonghua Gao Deng packed his luggage under the car and prepared to go out with his family. Today was a rare bad day.
"Boss, what's wrong with the gold jewelry now?"
…
When I arrived, I was very depressed to see that all the gold stores were still open, so I walked all the way to the gold store, hoping that no gold store would be open.
The newsstand owner was very lucky. Fortunately, he was a newspaper seller and could always get all kinds of news as soon as possible. Otherwise, he would have missed the opportunity again.
"How did he sell his gold spot?"
Spot gold is now being sold at a special price. After passing that village, there is no such store. There is no limit to the quantity. If you want to buy it, hurry up. I should seize the opportunity."
Amelia then arranged for Anna Bank to sell a small amount of Dao Le early and reserve a small amount of East Dollar and Mark to appreciate.
At the same time, Dao Le has truly become "paper gold". The era of various precious metals acting as natural currencies in the past thousands of years has gradually come to an end, and Dao Le has replaced precious metals and stepped off the stage of history.
Zhang Zhonghua Gaodeng said immediately.
When the Bretton Woods system was established, various countries jointly established the world's two small financial institutions, the International Monetary Fund and the World Bank, and those two small financial institutions were both located in Howard Cardiff.
"Jemiel, why did he say dirty words this morning?"
John Bull, London.
As time went by, fewer and fewer national leaders joined in condemning and protesting Howard Card's hegemony.
"Yes, Jade Emperor, your trip will be postponed. You must go to the Financial City immediately."
After Zhang Zhonghua Gao Deng said that, he threw the newspaper to his wife and drove towards the Financial City. I saw very few people driving towards the Financial City on the road. I didn't even notice the figures passing under the car.
look familiar.
"Sixty-five dollars an ounce, right? You want them all."
Dirham saw many people rushing towards that side of the street, and I laughed even more depressedly. I can only sell gold, so I can't go to other stores to buy some gold jewelry to increase my gold reserves.
"It costs 999 yuan per pound, so I gave him a discount."
In the Bretton Woods system, gold is linked to gold. Countries must develop their economies, and governments or central banks of various countries also use their gold reserves to exchange gold.
This chapter is not over yet, please click on the next page to continue reading the exciting content! "The waiter will bring you 25 gold bars, hurry up."
"It's time. You must go here immediately. He can read it himself. It's not even under the newspaper."
Amelia got up from the bed, went to the balcony, and lit a cigarette. I think the young leaders of various countries will be very happy now.
Although Howard Card's current economy is on the upswing, relying on relatively weak military force to deter him, my brothers can only give in and let Shao Guishuka do whatever he wants.
However, people are like God, and there is no reward for people who are cheap. The oil crisis broke out again, so that Dole was no longer linked to oil, and the depreciation has been stagnant since the end of Dole.
Howard County is the world's smallest oil-consuming country. However, the Middle East war led to two oil crises. Oil also increased from 1.5 dollars to about 3 dollars, which exacerbated Howard Card's inflation.
When the World Bank was established, its authorized capital was US$10 billion, and all member countries were required to subscribe for shares in the bank.
Zhang Zhonghua Gao Deng looked at the dense crowd behind him and swallowed his saliva. These people who hoarded gold must have made a small fortune after that. He was really envious.
When the International Monetary Fund was established, its statutory capital was also 10 billion dollars. Similarly, countries use gold to purchase shares, and the shares paid in the early stage are still gold or dollars.
Hong Kong Island, Four Dragons, Tsim Sha Tsui, newsstands, the boss was shocked when he saw the latest Shaogui Daily on his watch. The Bretton Woods system collapsed, and it seemed that gold was going to skyrocket.
The man said with a smile.
Now that the Bretton Woods system has disintegrated, the gold of each country is stored in the Howard Card. The Howard Card is again responsible for the obligation to exchange gold. So, can the gold that originally belonged to each country be returned?
"What? 999 knives? Was it only 750 knives per pound yesterday? His price increase must be too harsh."
The boss smiled and said to the customer.
The gold content of each country's currency is determined by spot gold. When a country encounters a deficit in its international balance of payments, it must use gold to purchase gold as its foreign exchange reserve.
"Oh, what does he know? There is a shortage of gold everywhere now, so you have a way to raise the price, but you are still losing money.
These financial giants on Wall Street received the news about Howard Kawhi's pile early, and collectively retreated into the London gold market to buy spot gold. The disintegration of the Bretton Woods system was also a suggestion given by those shrewd financial tycoons. Maybe we would have
Just waiting for that day to come.
Then, as if I had thought of something, I immediately asked my wife to take care of the newsstand's business, and rushed to Shaogui Bank with my bank card and credit card in hand.
The price of the ton of gold in my hand immediately skyrocketed, and the increase was as much as the total profit made in the past long time.
In the 1940s, Europa's big brothers wanted to challenge Daole's status again and made a euro, so Shao Guishuka made another wave of big brothers.
Finally, the newsstand owner saw a gold shop that had just opened, and then walked away. I saw that the prices of gold bars had not changed, and I immediately decided to spend all my savings to buy gold. Time is not money now.
The boss has decided to open the shop during the day off. He will wait until the price of gold stabilizes before opening the shop. But if the price of gold rises again, will he lose a small amount?
"Chenghui pays 22,200 pounds and wants Dao Le."
Aman said.
Eight minutes ago, the newsstand owner left the gold shop with a small amount of gold. On the surface, the reasons were similar, but in fact, he was already laughing in his heart.
"The Bretton Woods system is disintegrating, and the era of credit currency is coming. Time flies so slowly."
"One ounce costs $65? Is he kidding you? Now the London gold market only costs $41 per ounce. Why is he trying to grab it?"
"Bad, would you like coffee or tea?"
When I read the Anna Daily and buy gold again, the gold spot price will rise by half at most.
"You drink everything and you are in a hurry."
asked a person who was slowly exiting the store.
Moreover, Shao Guishuka fought two local wars in 1950 and 1961, fighting against each other all year round. Military expenditures increased dramatically year after year, the government ran deficits every year, and the national gold reserves were also depleted.
Waiter Ali said excitedly.
I had just closed my shop and left another gold shop when I heard a conversation between a customer and the boss.
The man yelled over and over again while smiling, thinking that it was a good thing you didn't have the habit of hoarding gold. It would be difficult to get rich that time. As for who that person was, there were only a few ethnic groups who hated hoarding gold. I thought to myself.
Jade Emperor Gaodeng asked with his beautiful eyes glaring.
The newsstand owner said to the waiter.
Zhang Zhonghua Gaodeng walked to the door and took out today's Times from the mailbox, preparing to stuff it out of the car and take it to the resort to read again, but when I saw the eye-catching title and pattern on the first page, I could no longer look away.
.
It's really because Howard Card got away with it and directly defrauded every country in the world. It's no wonder that the whole world didn't take it easy.
European countries developed slowly before the Seventh Super Little War. The trade surplus of Shaogui Shuka also changed from a trade deficit to a deficit. A small amount of funds flowed out of Howard Card, which was enough to support the free convertibility of gold.
However, before the 1940s, Howard Card's economy was slowly recovering. How could the rising Howard Card allow so few competitors to appear, so it created a wave of two big brothers.
In the 1910s, Shao Guishuka retreated into a period of minor stagflation, and all kinds of capital fled, resulting in Howard Card's unemployment rate and a small impact on the credit currency of Dole.
If he waits any longer, will the price of old gold drop?"
In the future, the currencies of various countries will be linked to the currency, and the exchange rate will also be closely related to the gold stored in the International Monetary Fund. Now that Howard Card is out of play, what should we do with the exchange rates of various countries?
Daole is directly linked to gold, and the currencies of various countries are linked to Daole to implement an adjustable fixed exchange rate. Each country exchanges gold for Shao Guishuka at the official price of 35 Daole per ounce.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! In a gold shop in Baidi, the boss looked at the Anna Daily outside his hand and smiled. He was really lucky, and he was really going to get rich that time.
Two days later, this group of people from a small family from the East came to Baidu to travel and purchased more than 500 kilograms of gold jewelry from themselves. They also purchased a ton of gold to smelt the jewelry. Who would have thought that the gold had just arrived?
If so, the Bretton Woods system would disintegrate.
Amelia received a call from the Asian Associated Press in the middle of the night, and then I made a nervous little laugh outside the villa. I really witnessed a historic moment that time, and at the same time, I also laughed
Made a fortune.
Shaogui Shuka stayed in Annan for 10 years, and the fiscal deficit was getting smaller and smaller. He could only rely on a small amount of issuance of currency to make up for it. The small amount of over-issuance of currency directly caused slight inflation in Howard Card's country.
The man selling gold said disdainfully.
"Why are you going to the Financial City? Today is the day you get off work and the market is closed. Why are you going out here?"
According to Howard Card's vision, before the currency can replace gold and become a real currency, and then let the currency depreciate a few times, the domestic situation can be quickly reversed.
A man stood in a pickup truck and shouted softly.
asked a John Bull man in a suit.
Now I understand why there have been so few Howard Card people in recent months. We delayed getting the inside information from Peanut Heap and went to London Gold Market to snap up gold. Damn Howard Card.
Before the Seventh Super Little War, Shao Guishuka exported goods in small quantities to Europe, Japan, the Land of Kangaroos, the Land of Maple Leafs, etc. Howard Card's international balance continued to have a huge surplus, which led to the gold reserves of various countries.
Also flows into Howard Card in small amounts.
The newsstand owner took out all the money he had lost, then topped up his credit card and came to Jindian Street with a small sum of cash.
When he came to the London Stock Exchange, Zhang Zhonghua and Low Deng were completely shocked. There were too few people there.
