Chapter 912 How confident are you?
Hearing Yang Chen's words, Prince Charles stared at him with his eyes, as if he wanted to see something from it.
Although since the end of World War II, Britain's national power and influence have been declining rapidly as its former colonies have become independent one by one.
But it is undeniable that in the international community, Britain today is still a major European country, or a powerful country.
Having dominated the country for more than a century, the influence of the English language is enough for the British to continue to rest on their laurels for decades.
The background to the emergence of the Plaza Accord was that in the early 1980s, the U.S. fiscal deficit and foreign trade deficit increased significantly. The United States hoped to increase the export competitiveness of its products through the depreciation of the U.S. dollar in order to improve the U.S. international balance of payments imbalance.
, there was such an agreement that the yen would appreciate and the dollar would depreciate.
The reason why the island country's Ministry of Finance agreed to sign the Plaza Accord and did not refuse the appreciation of the yen was not only because it was oppressed by several major powers in Europe and the United States, led by the United States, but also because the island country's domestic economy was overheating at this time and there was not much room for growth.
There is an urgent need to explore and expand overseas markets.
The appreciation of the yen can help island companies expand overseas markets and allow them to acquire more overseas companies with less money.
Everyone in later generations will know that after the 1980s, the islanders relied on the appreciation of the yen to buy and buy in overseas markets.
There is a saying in later generations that the overseas industries of island countries are higher than their domestic GDP, which is double or twice that of the island countries. Although the appreciation of the yen has slowed down the economic growth of the island countries, and even experienced negative growth for a time, it has given the island countries a large number of enterprises.
of overseas assets.
It can be said that the real estate bubble in the entire island country only affected the people at the bottom of the island country. However, the island country's government and its consortia, on the contrary, thanks to the huge overseas industries, allowed the island country's economy to develop in the future.
After the bubble economy burst in the 1990s, the island countries of later generations have always been ranked behind the United States in terms of economic aggregate. Except for the sudden emergence of inland troops, almost no other country has surpassed it economically.
From this point of view, it is not difficult to explain that some things cannot be just seen on the surface. Only by understanding deeply can we know more truth.
The U.S. dollar is the global currency. Especially after World War II, European countries received a large amount of aid from the United States in order to restore their own economies. In addition to materials, a large part of this aid was the U.S. currency, the U.S. dollar.
Before the fall of the Soviet Union, before the establishment of the European Union, and before the emergence of the euro, the United States firmly controlled the economies of European countries with the dollar.
This is also an important reason why European countries have been deeply affected by the previous financial crises in the United States. This is also why some people in later generations said that the United States kidnapped the entire Europe with dollars.
Promoting the appreciation of the yen, solving the economic crisis and trade deficit in the United States, and suppressing the island nation, a defeated country in Asia, were unanimously decided by the United States, Britain and France. This decision is definitely not a decision made by the three heads of state who are excited and slap the table. What you say is what I say casually.
decided.
It must have taken a long period of careful deliberation and long-term planning communication among the three governments before finally reaching a relatively unanimous decision.
Such a major event will definitely be classified as a secret by various countries. It is impossible for ordinary people, including many government officials, to obtain information in advance.
After all, when people do bad things, they all know not to leak the news, let alone the national government.
However, as a direct member of the British royal family, Prince Charles is far more knowledgeable about some information than others.
Although the Plaza Accord is still nearly two years away, the British side definitely has a plan or intention.
After taking a sip of soup with Yang Chen, Prince Charles felt for the first time what the freedom of a rich man meant.
Although Prince Charles, as the first direct heir to the royal family, has never worried about money, the meaning of the money he earns and the money he spends on his family are completely different.
In later generations, why children from many families no longer need to listen to the opinions of their families on everything after they leave the society and are able to work and earn money on their own is largely related to financial independence.
Once you become financially independent and can support yourself, some of your constraints will naturally disappear.
As a British prince, Charles has no shortage of power and status. The prince's status he was born with since childhood made Charles take power and status very lightly and not care too much.
However, no one dislikes money.
In particular, Charles is only a prince now, with the Queen above his head, and he cannot enjoy some rights at all.
Wealth is the common pursuit of Western capitalist societies.
As one of them, Charles is no exception.
"Chen, how confident are you?"
Before the Plaza Accord was signed, no one knew how much the yen would appreciate, and it was also unclear whether the island nation would choose to compromise.
European and American capitalist countries have always pursued free economic markets. Sometimes political intervention cannot completely dominate the direction of capital.
What's more, although the current island country is a defeated country with no independent military, its economic strength cannot be ignored.
Why does the United States want to roll out the wool of island countries?
Why do you want to suppress the economy of island countries?
It is because the economic development of island countries has begun to affect the U.S. economy, and has even begun to surpass the United States in many industries.
In addition to being inferior to others in the military, island countries can compete with any country in other aspects, even if this country is the United States, one of the superpowers.
Island countries have the power to say ‘no’ to European countries.
Therefore, the real decision-making power lies not in Europe, but in the United States, which controls the military power of the island nation and is the supreme emperor over the people of the island nation.
The key is the intensity of the United States' suppression of island countries.
However, since the Meiji Restoration, the people of the island have placed the highest emphasis on education and diplomacy, second only to the United Kingdom.
Kneeling down and licking the American master, the islanders have their own way of doing it.
There are two forces in the American political arena, and there are countless groups, large and small. It is not easy to reach a consensus. It is difficult to say whether they will attack the island country.
Therefore, Prince Charles has some hesitations.
Obviously, in the face of the strong economic power of the island country, even the United Kingdom has no way to do it.
Especially at this stage, the British people still have a lot of things to deal with at home.
The Thatcher government was busy carrying out privatization. If the United States did not come forward to do this, the United Kingdom would be unable to do so even if it wanted to.
Chapter completed!