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Chapter 304: A Forced Exchange

Chapter 304 A forced exchange

Regarding the currency black market that emerged in Hong Kong, as well as the export of various rare metals.

Obviously it can't be hidden.

In particular, several victims in East Asia have felt fierce internal and external squeeze in the face of the strong appreciation of the gold dollar.

Many people may say that if the gold dollar appreciates and the local currency depreciates, it will improve the competitiveness of export products, which is good for exports!

But the problem is that East Asia does not export many advantageous products to Homo sapiens companies, but Homo sapiens companies have a large number of advantageous products.

In addition, the Homo sapiens company's own industrial chain is very complete. If East Asia can produce things, Homo sapiens can produce them. If East Asia cannot produce things, the Homo sapiens company can also produce them.

At the same time, the internal subsidies for employees within the Homo sapiens company are very high. This subsidy is not reflected in direct payment, but in purchasing the company's own products with huge discounts.

And what’s even more deceptive is that New Humanity is very united. They don’t like to purchase products from outside the company because they think it’s siding with the enemy, especially foreign physical goods, which will basically not appear on New Humanity’s shopping list.

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Within the Homo sapiens company, new humans belong to the dominant and high-income group, and they are the real main force of consumption.

Under the combined effect of various factors, this broke the traditional model of depreciation of the local currency benefiting exports and appreciation of the local currency benefiting imports.

In short, Homo sapiens companies don't play by the rules.

Now East Asia needs to import many products from Homo sapiens companies at high prices, and it does not have enough gold and dollar foreign exchange, which has triggered a currency black market in Hong Kong.

Relying on the tens of billions of gold dollars generated every month by the cultural and entertainment industry, we can only eat the scraps left by the Homo sapiens company. This gold and dollar foreign exchange is simply not enough.

For example, cargo ships passing through the Kra Canal will be charged gold dollars.

According to current calculations, the annual cargo ship frequency in the Malacca Strait will still remain at 70,000 to 80,000.

The upper limit of the number of cargo ships that can be navigated through the Kra Canal each year is about 45,000.

And these ships that need to pass through Southeast Asia cannot avoid several maritime toll stations of Homo sapiens company. This fee is not a small amount.

A large part of the hundreds of thousands of transport ships passing by are operated by shipping companies from all over East Asia.

Transport ships in East Asia are connected to the energy resources of West Asia, and Southeast Asia is the only way for its maritime lifeline.

Although Homo sapiens has reduced some of its charges, the shortage of gold and dollar foreign exchange still makes many shipping companies complain.

For example, the Samsung Consortium, in order to keep the transportation costs of oil imported from West Asia from rising, took out part of Samsung Electronics' industrial gold and silver and exchanged it for about 20 billion gold dollars.

This is using real money to buy the services of the Homo sapiens company. Samsung is simply losing money.

At this time, internationally, the prices of physical gold, silver, various precious metals, and rare metals are also soaring.

Apart from the oil tyrants in West Asia and those countries with rare metals, other regions are feeling the tremendous pressure from Jin Yuan.

The Federal Reserve has received cordial greetings from more than a dozen "good friends", hoping to get their gold stored at the Federal Reserve back.

However, the Federal Reserve has been pushing back and forth, and secretly intimidating Europe, asking them to choose gold or natural gas.

The previous defeat of the US military and its forced withdrawal from Southeast Asia have had side effects.

If America's military deterrence wasn't still very strong, those old Europeans wouldn't be so resigned.



We have seen that the export volume of "precision parts" made from various rare earths has been rising steadily in the past month or so.

After weighing the pros and cons.

July 26th.

The 12th floor of Galaxy Hotel in Thonburi.

Wang Xinya looked at the work letter just sent back from the Shanghai office. The content of the letter was very simple and clear. It was that Bank of China International planned to sell a batch of gold to Qingye Bank.

She immediately saw the problem. At this time, Bank of China International was selling gold. It must be because the other party's gold dollar and foreign exchange were seriously insufficient.

The Homo sapiens company has opened up exchange channels for precious metals and rare metals, which will naturally cause the appreciation of precious metals and rare metals in other regions, and at the same time absorb precious metals and rare metals from all parties.

Faced with the strength of Homo sapiens, in order to reduce losses, Bank of China directly ended its own business.

This time, the Bank of China took out a full 100 tons of gold and exchanged it for 50 billion gold dollars. Together with the gold dollars received from other channels, the Bank of China currently holds 63.8 billion gold dollars.

When they withdrew from Hongsawady before, they were still complacent and got dozens of tons of gold.

Unexpectedly, dozens of tons of it have been sold.

Wang Xinya directly approved the gold purchase contract, but required the other party to deliver the gold to the Qingye Bank headquarters in Taunggyi before agreeing to issue the payment.

Japan and South Korea also had to continue to increase the sales of precious metals to cope with the negative impact of rising transportation costs.

This situation is somewhat similar to America during World War II, which was also frantically siphoning gold from around the world, except that Homo sapiens Corporation was open to all precious and rare metals.

Don’t think that precious metals and rare metals are only reflected in their rarity.

In modern industry, precious metals and rare metals are an indispensable part of many high-precision instruments, semiconductors, special parts, aerospace, and weapons and equipment.

For example, rhenium, in aerospace engines, can effectively increase the service life and heat resistance limit of the engine.

But for rhenium, 1 gram only costs 50 Chinese yuan on China’s online shopping platform. Even if the price has recently soared to 760 Chinese yuan per gram, it is still relatively low.

After many people buy rhenium gold online, they will find someone to process it into watch straps, necklaces, etc., and finally take these things to the city where the Homo sapiens company is located.

After all, the drugs from Homo sapiens are really useful.

Especially after Meisheng preventive medicine was launched, a large number of rich people bought Meisheng preventive medicine. Where did these rich people get their gold dollars? They exchanged them through the black market.

Compared with their greed for money, these rich people are unprecedentedly consistent in their fear of Alzheimer's disease.

These people contributed a lot of gold, precious metals, and rare metals to the Homo sapiens company. They also helped the homo sapiens company and forced the East Asian region to actively use precious metals to purchase gold coins.

After all, other rare metals are more important in industry than gold and silver.

This is not to say that gold and silver have no industrial uses. The gold and silver currently in circulation is enough for many industries. In addition, there are many substitutes for gold and silver, which are not as scarce as imagined.

The industrial value of some rare metals is difficult to replace with gold and silver.

For example, rubidium metal is used to produce strong magnets, and rhenium metal is used to enhance engine blades.

Therefore, many regions would rather sell gold than see these strategic resources empty out by Homo sapiens companies.

But they also realized a serious sense of crisis.

If trade balance cannot be achieved, the little gold and silver reserves in East Asia will not be able to sustain them for long, and they will be emptied by Homo sapiens companies.

For strategic security and economic development, all forces in East Asia have to consider industrial upgrading or opening up new industries.

Among them, the cultural and entertainment industry, which has been maintaining relatively good income recently, has also become a hot topic in the eyes of all parties.

Thank you for your support (ω`)

(End of chapter)


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