Soon the time came to the end of February. In the past few days, countries around the world have successively released their 1971 gross domestic product information, that is, annual GDP information.
At the same time, the international balance of payments of each country was also released, attracting the attention of people around the world.
America, the first echelon, and only America, came out on top.
In 1970, America's GDP was 1,073.3 billion U.S. dollars. In 1971, its GDP reached 1,164.8 billion U.S. dollars, a year-on-year growth of only 8.5%, and the international trade deficit hit a new high.
The second echelon: Germany and Japan.
Germany's GDP increased from 215.8 billion dollars in 1970 to 249.9 billion dollars in 1971, a year-on-year increase of 15.8%, ranking second in the world;
Japan's GDP increased from 212.6 billion U.S. dollars in 1970 to 240.1 billion U.S. dollars in 1971, a year-on-year increase of 12.9%, slightly behind Germany.
The third echelon: John Bull, Gaul, Pasta and other countries.
John Bull's GDP increased from $148.1 billion in 1970 to $169.9 billion in 1971, a year-on-year increase of 14.5%;
The GDP of Gaul increased from 148.4 billion dollars in 1970 to 165.9 billion dollars in 1971, a year-on-year increase of 11.7%;
The GDP of Pasta Country increased from 113.3 billion dollars in 1970 to 124.6 billion dollars in 1971, a year-on-year increase of 9.9%.
Global development last year was also relatively slow, and of course it was mainly affected by America's economy. The new economic policy led by America directly hit German and Japanese companies hard.
Since President America announced the disintegration of the Bretton Woods system on August 15 last year, he also imposed a 10% import surcharge on various countries. This has also hindered the performance of various Japanese and German cars.
The giants are very serious about lying.
America's new economic policy went bankrupt, the currency depreciated by 7.9% last year, and the overseas expansion of America's giant companies caused massive capital outflows, which also led to more serious inflation in America and a gradual increase in the unemployment rate.
On December 18, 1970, representatives from ten countries including America, John Bull, Gaul, Germany, Pasta Country, Japan, Windmill Country, Maple Leaf Country, and Belgium signed the Smithsonian Agreement at the Peanut Pile in America.
Forest Agreement, the exchange rates of various countries have also increased to a certain extent.
However, the lack of improvement in America's economy has also seriously affected each of our brothers. America is the most important market in the world and is of course the main exporter of our products. Last year's established exchange rate could not keep up with the depreciation of Dole.
On March 4, Germany took the lead in adjusting the exchange rate of the mark again. Last year, the average exchange rate increased from 0.534 to 0.558, and this year it directly increased to 0.613, with the exchange rate increasing by 10% month-on-month.
On March 5, Japan also adjusted the exchange rate of the Japanese currency again. Last year, the Japanese currency increased from 360:1 to 350:1. This year, it was even more severe. The Japanese currency exchange rate was directly adjusted to 303:1, and the exchange rate increased by 13.4% month-on-month.
On March 6, John Bull’s pound, Gallic franc, Pasta country’s peso, Windmill country’s windmill shield, Maple leaf country’s Canadian dollar, etc., the major currencies of various countries were also forced to do so.
Improve accordingly.
The currencies of various countries have correspondingly appreciated, and the corresponding currencies will of course depreciate. Everyone has difficulty in adjusting the exchange rate, and no country wants its currency to appreciate.
If the currency does not appreciate, it is a helpless move. Only by raising the exchange rate can we resist importing America's inflation into the country. The exchange rate impact caused by the decoupling of gold and gold is immeasurable. It is said that this is the case in all countries.
tears.
America also had troubles that she couldn't tell. Didn't everyone have a lot of fun last year at the peanut heap meeting? We had been arguing for four months, and we didn't all agree that Daole had devalued.
When everyone was drinking, it was stipulated that the fluctuation range of each country's currency against the currency was expanded from the original parity of 1% up and down to 2.25% up and down. Didn't all the guys go back on their word? Japan was even more interested in it, and it suddenly increased.
13.4%.
After the currency exchange rates of various countries were adjusted, the thing with the most active market reaction was definitely gold. The gold futures market of New York Gold also started to skyrocket from 48 dollars per ounce, and directly exceeded the 50 dollars per ounce mark that day.
Futures gold is just futures gold, and global gold production is only a few thousand tons. Countries have also increased controls on spot gold, and it is just a numbers game.
Spot gold is king, and gold in America's free market has also exceeded 120 dollars per ounce. Of course, other countries are not to be far behind, and gold has also exceeded the 100 dollar mark one after another.
Deutsch once again proposed to redeem the gold stored in America, but unfortunately was ruthlessly rejected again.
As a defeated country in World War II, Germany cannot carry out research and development of nuclear weapons. Of course, its confidence is not enough. America cannot afford to offend her.
In the end, Germany had no choice but to do the next best thing and proposed to go to the International Monetary Fund in New York to inspect Germany's gold, but was slapped in the face again.
America is the safest place in the world. There is no problem putting gold in America. Check the gold reserves. How is this possible? Do you not trust me, America? What about the most basic trust between countries?
The matter finally ended with Germany giving in and then asking John Bull's Bank of England to redeem 50 tons of gold. Unfortunately, the Bank of England only allowed the redemption of 5 tons of gold.
As the world's largest gold exporter, Africa has attracted the attention of developed countries and is naturally favored by various countries. Unfortunately, Africa is America's loyal little brother.
The black brothers in South Africa also walked to the river with sieves, of course to sift gold and diamonds from the river, and a new round of gold rush began.
During the global turmoil, there is an interesting news. A cargo ship accidentally sank in the waters near Dalian in the Bohai Sea. Forty-Nine City also sent several personnel to salvage it in a low-key manner, and the nearby waters were directly under martial law.
When the navy was salvaging the sunken ship, it must have accidentally discovered another cargo ship. Oh boy, there was 500 tons of gold on the ship.
This time the global gold price has skyrocketed, the biggest winner in the world is not a certain country, but Zhang Zhonghua currently reserves more than 13,000 tons of gold in a secret vault on Hong Kong Island. At the same time, Switzerland also stores 500 tons of gold.
Used to deceive others.
After Lou's father returned from a business trip to Japan, he came to Zhang Zhonghua's villa humming a ditty from time to time. The two of them ate barbecue and sang songs on the balcony of the villa. It was a pleasant experience.
Father Lou was extremely happy when he thought about the gold he bought from London New York Gold. From time to time, he would look at his gold bricks, which contained nearly a thousand tons of gold, doubling his wealth.
Father Lou was quite happy when he thought about the bank he acquired. Many third-rate small banks could not keep up with the development of the times and were abandoned by their depositors, but the bank's license was also very valuable.
Now that Hong Kong Island finally has Lou's Bank, it will be enough to reorganize and merge with Lou's Bank in Japan. The employees of Lou's Group can very well support a small international bank.
…
Japan, Nagoya.
Hengo Sango came to the company humming the song "Dense Autumn" and saw that his competitor Naoki Yamamoto was very happy. He probably didn't know the good news about the exchange rate.
"Naoki Yamamoto, I have good news for you. The Japanese Finance Office has increased the exchange rate of the Japanese currency. Now 303 Japanese currency can be exchanged for one dollar. Our Japanese currency has appreciated by 13.4%."
Henggou Shenwu said to his "friend" with a smile.
"Baga, why has the value increased so much? Those people in the Finance Department are simply imperial insects. They should all be drowned in the toilet."
Yamamoto Naoki felt his heart bleed. He had purchased 30,000 yuan of Yuhuang Group financial bonds. Didn’t his wealth depreciate by 13% or more?
Naoki Yamamoto feels very tired. Can't we wait until May for another appreciation? Although the financial bonds of Yuhuang Group increased by another point last year, they cannot withstand such large fluctuations in the exchange rate.
"Fortunately, I was too late to purchase the financial bonds of Yuhuang Group. Otherwise, the loss would have been immeasurable. I am so lucky.
I invested that money in the Dongjin stock market, and now Panasonic's stock has also increased by more than 80%."
Henggou Shenwu kept adding salt to his enemy's wounds. As the stock continued to appreciate, his own wealth was about to explode.
"Baga, I will never buy financial bonds again. I will also invest in the stock market after maturity."
Yamamoto Naoki said depressedly.
What he didn't know was that in less than two years, the stock market would give him another hard blow.
…
Totsu, Chiba Prefecture, Chiba Bank.
Chiba Fumi looked at the "Yomiuri Shimbun" in his hand, and then looked at the Rolex gold watch he bought last year. There were countless things in his heart that he wanted to blurt out...
Chiba Bank is its own family bank. The exchange rate of the Japanese currency has soared by 13% again. Chiba Bank's losses are also getting bigger and bigger. My small body is incomparable with banks such as Mitsui, Sumitomo, and Citigroup.
"President, the 100 million dollar financial bond we purchased from Yuhuang Group may cause our Chiba Bank to suffer huge losses. I'm afraid that the bank..."
Yasuhara Hirokazu said anxiously.
"President, when we purchased the financial bonds of Yuhuang Group, the original exchange rate was always 360:1, but now the exchange rate of the Japanese currency has been adjusted to 303:1.
For that 100 million yuan financial bond, the loss on the exchange rate alone was as high as 18.9%. Our investment loss on this financial bond probably exceeded 32%..."
Mihara Ichiro explained.
Qianye Wenxuan's heart keeps beating. It's more than 32%. If this money is invested in the stock market, he will shed tears if he thinks about it too much.
Who would have thought that Japan's 360:1 exchange rate, which it has maintained for 22 years, would appreciate so much. Damn America's White House. If the Bretton Woods system had not disintegrated, Chiba Bank would not have been affected.
Chiba Bank used 36 billion Japanese yen to purchase financial bonds. In May, the accumulated principal and interest for three years was only 38 billion Japanese yen. According to the previous exchange rate, it would have to return 45.4 billion Japanese yen.
If the 36 billion Japanese coins were Sony stock, it would have become more than 80 billion Japanese coins by now, but now there are only 38 billion Japanese coins, which is so damn miserable.
…
Gaul, Bordeaux, Chateau Lafite.
Jacob Rothschild elegantly tasted the Lafite red wine in his glass. The century-old wine was indeed good, but the Lafite red wine produced in his own winery was still better.
Jacob Rothier then took a bite of caviar and looked at the lush vineyards with great joy. Should people learn to enjoy life?
"Mr. Rothschild, the exchange rate adjustments in various countries have basically ended, with an average increase of 9.6%... America cannot get out of the quagmire now, and Dole is expected to continue to depreciate. Rothschild's banks have also reduced their holdings of Dole.
More than 120 billion..."
Fabien Vincent explains.
"Have the governments of Samba Country, Argentina, and Cactus Country agreed to our conditions?"
Jacob Lochier asked.
"Those have all agreed to our conditions, and the loan interest rate will be adjusted according to changes in the exchange rate.
Among them, the government of Samba has a loan of US$80 billion, Argentina has a loan of US$50 billion, the country of cactus has a loan of US$32 billion, and Chile has a loan of US$24 billion.
They are all ten-year long-term loans, with a total of 320 billion dollars in loans issued in South America."
Fabien Vinson said.
The cumulative loans of the Rothschild and Morgan families in South America have exceeded 300 billion dollars. Countries have to agree even if they don't agree. After tasting the sweetness, can they still refuse?
"It is more reliable to lend to the country. It is much safer with the country's credit guarantee, and the bank's cash reserves will not suffer losses."
Jacob Lochier said with a smile.
"By the way, Mr. Rothschild, the Jade Emperor Group sent a fax. They plan to adjust the 5 billion dollar loan in accordance with the fluctuation of the exchange rate starting from May 18."
Fabien Vincent said with a smile.
"Yuhuang Group is pretty good and a good partner. This way we can reduce our losses. Zhang Zhonghua is really kind. No wonder the business is doing so well."
Jacob Rothschild praised.
…
Hong Kong Island, Central, HSBC Bank.
Shen Bi looked at the Jade Emperor Daily in recent days and was speechless. Looking at the Jade Emperor Bank headquarters building in the distance, he was very envious. The Jade Emperor Bank really won by 944513 this time.
This time, the currency exchange rates of various countries have appreciated significantly, and the Jade Emperor Group has once again made a fortune. Zhang Sheng is simply a sure winner in life, and the goddess of luck is so powerful.
Yuhuang Group's financial bonds worth 12.2 billion yuan were basically used for free, which is equivalent to using it for three years without paying a penny of interest, and it also made a lot of money in terms of exchange rate.
What is this if not lying down to win?
I'm really glad that Jade Emperor Bank has not expanded in Hong Kong Island in recent years, otherwise HSBC's position would be really embarrassing. They now rely on various real estate tycoons to get loans from HSBC.
HSBC is becoming more and more embarrassed now. When there is a shortage of foreign exchange, it has to go to Jade Emperor Bank for exchange. Its international transfer business is dozens of levels behind Jade Emperor Bank. HSBC has no money to launch satellites. Without satellites, international transfers are impossible. Business is very difficult.
…
Central, Global Shipping Group.
The Charter King held the Jade Emperor Daily in his hand and marveled, "It's amazing. This Xiao Zhang is really amazing. Could it be because Xiao Zhang went to Hua Hollywood to burn incense?"
Now he is thinking about whether he should go to Hualingda to offer incense next time? And go to every temple and Taoist temple?
Countries had just adjusted their exchange rates in December last year, and it took less than three months for them to adjust their exchange rates again, before the financial bonds of Yuhuang Group expired in May.
Xiao Zhang has made a lot of money again this time. He is sitting at home, feeling happy from heaven. He will also go to Hua Hollywood to offer some incense on the first day of the lunar month next month.
