In 1927, no one could say clearly what the consequences would be if Adan tied oil to the rand.
Don’t let economists’ imaginations be too miraculous. After the Bretton Woods system collapsed, the United States forced OPEC to bind crude oil exports to the U.S. dollar. From then on, global oil trade must be settled in U.S. dollars. Few people realized it at the time.
, what impact will this have on the future world?
When the Bretton Woods system was established, the United States made a commitment to the world. The currencies of other countries were locked in the U.S. dollar. The U.S. dollar and gold were locked together, and every 35 U.S. dollars was exchanged for one ounce of gold.
In the early days of the Bretton Woods system, there was indeed no problem with this binding, and the United States did not issue excess currency. At that time, if it printed an extra $35, the United States would have to add one more ounce of gold reserves. Without gold, it could not print.
After the disintegration of the Bretton Woods system, the United States began to use dollars to plunder the world, so Adan Company tied the rand to oil and did not cause much turmoil.
Roque insisted that trade between Britain and southern Africa be settled in rands, also because he was worried about Britain's over-issuance of currency.
If you look at Germany today, you will know that whether they are Germanic or Anglo-Saxon, they are essentially the same.
Perhaps the British government has not yet decided to issue more currency, but it may happen in the future. Rock knows that the dead Taoist friends are not dead, and Stanley Baldwin and Winston must also know that the UK's abandonment of the gold nugget standard is itself a failure.
Prepare for over-issuance of currency.
"Locke, the pound is London's bottom line and it cannot be breached at any time." Winston said with a fierce face.
"I am the Prime Minister of Southern Africa and I must protect the interests of Southern Africa!" Roque is equally determined and is not afraid of falling out.
"Locke, without the support of the British Empire, there would be no southern Africa today." Winston changed his routine and began to play the emotional card: "Without the help of the British Empire, when the federal government of Southern Africa was established, it would not be possible to include Rhodesia and
Nyasaland, Bechuanaland, Basutoland, and Swaziland; without the help of the British Empire, Southern Africa would not have been able to obtain South-West Africa and Tanganyika after the World War; Southern Africa also received the
After getting Port Elizabeth, getting the Chagos Islands, getting Halifax, getting the Changi Naval Base, getting the Bahamas, and the entire Commonwealth market, let me ask you now, is southern Africa the
Is this how you repay the British Empire?"
This comparison sounds really impressive, but if you think about it carefully, it's not the case at all.
"Wait a minute, Rhodesia voluntarily joined the Southern African Federation and has nothing to do with the British Empire." Rock hadn't spoken yet, but Xiaosi couldn't bear it anymore.
As mentioned before, the South African Company had the right to conclude treaties in Rhodesia, form local governments, and establish the army and police. Therefore, Rhodesia's joining the Southern African Federation really didn't make much sense to the British government. Rhodesia at that time was just like
An independent kingdom is almost the same. The only difference between old Cecil Rhodes and Queen Victoria is a crown.
It should be noted that it was not just the South African Company that received the charter at that time, but the other companies were far smaller in scale than the South African Company, so old Cecil Rhodes was forced to become the scapegoat for the Second Boer War.
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"Winston, don't talk so great. There are no reporters here. We all know what the actual situation is." Rock also played the emotional card, adding jealousy and jealousy. Who wouldn't be the same: "Don't describe southern Africa like an ungrateful villain."
, Without the gold sent to the mainland from southern Africa over the years, the pound would not have its current international status."
"Before the Rand gold mine was discovered, the pound was already the world currency," Winston interrupted directly.
Rock said nothing and looked at Winston quietly.
It is impolite to interrupt someone casually. When Winston was speaking just now, Rock gave Winston enough time.
Winston looked at Rock angrily, he would definitely not look for the reason from himself.
"What was the earliest world currency? Dutch guilders?" Henry suddenly interrupted, seemingly discussing with Stoudemire.
"Oh, no, the earliest world currency was the Baker." Stoudemire sneered. Winston's words seemed correct.
The function of currency is a reflection of hegemony. Before the Second Boer War, the British pound was anchored to gold and was the most widely used currency in the world.
Still based on the reasons mentioned just now, the British government is limited to its gold stock and cannot issue more currency. Strictly speaking, the UK has not plundered the world through the pound.
It was not until the World War that Britain finally abandoned the gold standard.
With the gold from the Rand Mine, London can print pounds while ensuring the gold content of the pound.
"Locke" Kitchen helped Winston speak.
"Herbert!" Ade's voice was stern, not wanting to cause any disturbance to Rock.
"Winston, of course we admit that London has given help to southern Africa." Philip definitely stood by Rock. The interests of the Matilda family are all in southern Africa: "But southern Africa has also given enough rewards to the British Empire. Without southern Africa
, London would not have been able to win the world war; without Southern Africa, London would not have been able to suppress the rise of the United States and Japan; without Southern Africa, London would not even be able to enjoy the convenient life brought about by technological progress; don’t forget that Southern Africa is now the creditor
, not London.”
Winston would have never imagined that two of the three people he found had completely rebelled, and the other one was 90% traitorous.
"Locke, think carefully. It will be more beneficial for southern Africa to maintain good relations with the British Empire and stay in the Commonwealth." Winston was at a loss for words. What he just said was actually untenable.
I won’t talk about what happened before the federal government of Southern Africa was established. At that time, the British government agreed to autonomy for Southern Africa in order to get rid of its financial burden.
Southwest Africa and Tanganyika, that was a reasonable reward for southern Africa to participate in the world war.
Port Elizabeth and the Chagos Islands were bought by Roque with real money. When Roque bought Port Elizabeth, it was a small fishing village with nothing but dates. The annual taxes collected were not even enough for the tax collector's salary.
The Chagos Islands now seem to have a very important strategic position. When Rock bought it, the Chagos Islands stood alone in the center of the Indian Ocean. Ocean freighters passing through the Indian Ocean circled around the Indian Ocean. At least there was a tax officer in Port Elizabeth. Check it out.
The Gos Islands don't even have a tax collector.
As for Halifax and the Bahamas, it was only after the British strategic contraction that Southern Africa stepped in to take over. London even has to be grateful to Southern Africa for this. At least Southern Africa took over Halifax and prevented the United States from expanding into Canada.
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Finally, there is the Changi Naval Base. The Indian Ocean Navy in southern Africa took over the Malacca Strait. The British Empire must also be grateful. Otherwise, if the United States and Japan break through the Malacca Strait, British interests in India will be affected.
"Winston, London must also think clearly. Treating every member of the Commonwealth fairly and reasonably is the prerequisite for the existence of the Commonwealth." Rock returned the original words. The Commonwealth's loss of southern Africa is a big deal for the Commonwealth.
Irreparable loss.
Southern Africa left the Commonwealth and still has the Southern African Union.
Just as London and Pretoria were in a stalemate, the US government finally announced the results of its investigation into Adan.
After the investigation committee established by the U.S. government confirmed that Adan Company had indeed engaged in dumping behavior in the United States, the U.S. government decided to impose an anti-dumping tax of up to 50% on Adan Company to prevent Adan Company from monopolizing the US market.
The federal government of Southern Africa immediately countered the fallacy of the U.S. government. Although the sales price of Adan Company is low, it fully complies with the rules of free trade. The cost of American oil companies is high. That is because American oil companies are not good at cost control. Unlike Adan Company,
Dan's company doesn't matter.
Naturally, the U.S. government did not recognize this statement, and the two sides began to quarrel.
While the rhetoric was going on, the U.S. government was very dissatisfied with the fact that some countries had taken advantage of the loopholes in the Washington Naval Treaty to vigorously develop cruisers and other auxiliary ships. It proposed to hold a meeting with Britain, France, Japan, and Italy to restrict this behavior and
Cruisers were included in the Washington Naval Treaty.
Britain agreed to the U.S. proposal, sent invitations to Japan, France, and Italy, and decided to hold a meeting in London to discuss the U.S. proposal.
Japan agreed that it didn't matter to France or Italy. They had no plans to develop cruisers and would only participate as non-voting participants.
As part of the UK, Southern Africa also attended the meeting.
This meeting is not nominally targeting any country. In fact, everyone knows that the United States is targeting southern Africa.
After the signing of the Washington Naval Treaty, the navy entered a holiday era, but Southern Africa did not stop building ships, especially cruisers. The Atlantic Fleet alone now has more than 15 cruisers in service.
The homeport of the Atlantic Fleet is Halifax, Canada. As the number of warships in Halifax gradually increases, the United States has to increase the speed of shipbuilding to deal with the threat from Halifax.
Before the economic crisis broke out, the U.S. government was indeed rich.
After the economic crisis broke out, the United States began to struggle to build warships. This is the background of this meeting.
Representing Southern Africa at the naval conference was Southern African Navy Minister Barton.
On the first day of the meeting, the United States pointed its finger directly at Southern Africa, accusing Southern Africa of violating the Washington Naval Treaty and demanding that Southern Africa abandon all unbuilt cruisers and reduce the number of existing cruisers.
Patton will definitely not give up. After the economic crisis broke out, the federal government of Southern Africa wanted to build 20 cruisers at once in order to stimulate domestic demand. It will definitely not stop now.
