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Chapter 66 The Last Effort

…At the beginning of the year…At the strong demand and active contact of the EU, the "International Summit was held in Brussels, where the EU's headquarters is located.

Like the name of the conference, this is a summit dedicated to discussing financial issues.

Although no one believed that the Republic and the United States, which were already preparing for war, responded to the EU's call and re-replaced the rules of the international finance game, without any other choice, the EU-led forces were led by the EU.

Before the summit, the Republic's fiscal year was in a state of crisis and the United States had already been released. Moreover, the two countries had already calculated the actual defense expenditure in the fiscal year with the dynasty and the country's fiscal year. As the outside world speculated, the Republic's fiscal year had increased by 100% and the growth rate of the defense budget in the fiscal year exceeded that of nephew. Moreover, the actual defense expenditure in the field of crisis exceeded that of the United States. The situation in the United States was not much different. The defense budget in the Likou fiscal year increased by the old ones compared with the previous year. More importantly, the actual defense expenditure of the two countries exceeded the budget, and the overspending rate was around the mud, far exceeding the outside world.

In this way, in the United States, the United States will be strong in the fiscal year. By the short fiscal year, the defense budget of the Republic and the United States will account for the total expenditure of the central government, the United States will account for the total expenditure of the federal government, accounting for more than the GDP. It is stupid. If this trend continues, by the year of the sacrificial year, the defense expenditure of the Republic will account for the irrigation of the central government and the GDP of the GDP. The situation in the United States is similar. In this way, at the latest in previous years, the economy of the Republic and the United States will be unspawned by the huge national defense expenditure, and both sides will try every means to transfer the contradictions outward.

Under this situation, no one will expect the Republic and the United States to stop.

As the saying goes, it is easy to go up the mountain and it is difficult to go down the mountain. It is easy to increase national defense spending, but it is not easy to reduce national defense spending.

All military projects are projects with long-term investment and long-term returns. Even the Army's equipment development projects, from project establishment to formal equipment, it will take about the old year. In this way, unless the Republic and the United States can tolerate the impact of the serious reduction of national defense power, neither country will be able to cut the defense budget in a very short time like increasing the defense budget. You should know that after the end of the Cold War, there were a large number of military projects established during the Cold War. Therefore, it took the United States about a year to recover, end or terminate all military projects established during the Cold War, and develop defense military forces against new international threats. As in the Cold War between the United States and the Soviet Union, during the Cold War, both sides could only advance and could not retreat. Retreat means passive, which means backward and failure.

If I had been before the age of the age, I might not have been so serious.

In any case, before the Middle East War 2019, the relationship between the Republic and the United States was mainly indirect confrontation. Although both sides understood that as long as one side refused to give up hegemony and the other side refused to give up their pursuit of hegemony, a head-on conflict would break out sooner or later. The difference was only a matter of time, but before that, both sides had some concerns. They were not sure whether they could defeat their opponents in a full-scale war, so neither side wanted to develop indirect confrontation into direct confrontation, and they did not want to fight against a full-scale war without being prepared.

After the War of the Jindong, this situation changed very subtly.

Although in the outside world, the United States-backed Israel and Turkey withstood the fierce attack of the Republic's army, even if Turkey lost its southeast Kurdistan region, the United States and Israel were also winners. You should know that for many years before this, the Republic had not signed an armistice agreement with its opponents in a war without a comprehensive victory. However, for the Republic and the United States, the significance of this war lies completely in anyone controlling Kurdistan. For the Republic, this war proves that the actual army of the United States has proved that the United States'

The actual strength is much worse than the external performance, especially the army and the air force. The combat effectiveness is far less powerful than the external propaganda. For the United States, this war also proves a problem, that is, the Republic's actual war tolerance is definitely not as strong as the outside world thinks, otherwise the Republic would not only invest more than ten thousand ground troops. Of course, the leaders of both sides also realized a very critical issue for both sides, that is, the head-on confrontation between superpowers is far less terrible than imagined.

Although according to some later declassified information, during the Middle East War, the United States and the Republic's military institutions formulated tactical and strategic plans to use nuclear weapons to strike the other side, and even prepared for the loss of control of the war to trigger a nuclear war, during the entire war, the leaders of both sides did not consider using nuclear weapons, nor did they think of using nuclear weapons to carry out strategic strikes on the other side's homeland. In fact, the senior generals of the armies of both sides were also very rational. During the entire war, neither Du Qiwei nor Pei Chengyi had the idea of ​​using nuclear weapons, and even avoided the use of powerful weapons.

Of course, no one can ignore the limitations of the Middle East war.

Although both the Republic and the United States are determined to win the Middle East and will never tolerate the existence of each other. However, both sides know that before preparing for a full-scale war, conflicts and wars in the Middle East will never become the world's largest

That's why after the end of the Middle East War, the Republic and the United States made adjustments to their global strategies.

Judging from the situation at that time, both the Republic and the US authorities knew that a world war was inevitable. Whoever could prepare for the war first could seize the opportunity in the war and gain a greater chance of victory. In fact, after Likou Nian, the domestic political situation between the Republic and the United States had entered a relatively stable period. For example, Yan Jingyu successfully became the head of state of the Republic in Yenian. The Republican Party of the United States won successively in the elections of Lijienian and Hainian, thus obtaining the longest continuous governance cycle in the century. This sign is enough to prove that decision makers on both sides knew that they should never be distracted before the war broke out.

More importantly, it has to disrupt the opponent's position.

This is the main reason why both sides expanded national defense spending in the year and caused a major financial turmoil in the year.

Although affected by the Great Depression and changes in international power, by the mid-century era, that is, after the end of the Indian War, the international financial and international trade system dominated by the United States fell apart, and regional economic communities and regional free trade zones achieved great development, especially the SAIC Group dominated by the United States and the intensive group dominated by the Republic are typical representatives of the new international financial and trade order. However, no one can deny that whether it is the Republic, the United States, or other countries and groups that want to win the hegemony, they all have close ties with their competitors. The international financial system with the US dollar as the core, the international financial system with the RMB as the core, and the international financial system with the euro as the core do not exist completely isolated, but interdependent and mutually influential.

According to the United Nations' adjustment once in two years, the two largest economic communities and free trade zones in the world, namely the intensive group led by the Republic, and the SAIC Group led by the United States, have a degree of exchanges of about 4. That is, the economic exchanges between the two major trade zones are equivalent to ships circulating within them. Obviously, this is a very high indicator. If it is considered the "European-African Group" led by France, Germany and Italy, that is, the EU and North Africa Economic Security Group, the "Independent States Combination of Independent States led by Brazil, the "Latin America Free Trade Zone led by South Africa, and the "African Union" led by Egypt, which is not very effective. The degree of exchanges between the global economic communities and the free trade zone is above irrigation, and the world economy still has sufficient liquidity.

It is precisely because both the Republic and the US authorities know that ruthless measures in finance will definitely affect the other party.

In fact, before entering the field era, the Republic and the United States were avoiding financial turmoil. You should know that when multiple parties compete for hegemony, the power of either side is not enough to dominate the entire international financial order, and it is impossible to adopt a dominant policy to suppress and detract other countries. The actual situation is the same. In addition to the Republic, the United States and the European Union, almost all countries, including quasi-magnificent countries such as Russia, adopted relatively flexible foreign financial policies. Take Egypt as an example. In Feng Nian, the RMB accounted for 4 houses of foreign exchange held by Egypt, the US dollar accounted for the basis, and the euro accounted for. The Egyptian Central Bank would adjust the proportion based on the exchange rate fluctuations of the three major currencies. In this way, if the RMB depreciates, the Egyptian Central Bank would sell the RMB and exchange it for the US dollar or the euro. If the US dollar depreciates, the RMB or the euro will be exchanged.

Because the policies of the Republic and the United States are often opposite to each other, and the international financial markets will fluctuate according to the policies of the Republic and the United States, the depreciation of the RMB often means the appreciation of the US dollar. The depreciation of the US dollar is often equivalent to the appreciation of the RMB. In this way, neither the Republic nor the US authorities will easily depreciate the currency because it will benefit the local government.

It can be said that this is also the main reason why the international financial market can remain stable in the old years after the two strong forces. In fact, this is also a major feature of the Cold War. During the Cold War between the United States and the Soviet Union, the currency values ​​of both sides were relatively stable. In order to maintain the currency exchange rate, both sides even sacrificed some national interests. For example, during the Vietnam War, the US economy had problems and the US dollar should depreciate. However, it was not until the mid-blade era, that is, the Arab countries launched an oil war against the Western world, which triggered an economic crisis that the US dollar depreciated significantly. Before that, the government of the Guanguo government had been maintaining the currency value of the US dollar.

That is why when the United States and the Republic make money in finance one after another, people think that a world war is about to break out. In other words, only when preparing for a world war can the two countries fight in the financial field. You must know that as long as the US dollar and the RMB depreciate significantly, even if both sides change their original intentions and no longer believe that war can solve the problem, and hope to avoid war, it will not be able to recover financial losses. In other words, to reach this point, no matter whether both sides are willing or not, let alone retreat, even if they stop moving forward, they will lose completely.

It can be seen from this that the EU is indeed making final efforts to stop the war and finding the right direction.

Judging from the situation at that time, if the United States and the Republican authorities had the idea of ​​avoiding war, as long as they could recover the losses of both sides in the financial field, it would be possible that both sides would change their minds and no longer regard war as the only way to defeat their opponents. And the only one with this ability was the EU.

Second, Ou Yu took the turn of the seat and the Italian Prime Minister made it clear that Ou Yu is willing to jointly maintain the stable development of the international financial market.

The question is here, does the Republic and the U.S. authorities have the idea of ​​avoiding war?

The answer is obviously no.

The reason is simple. Before such a major strategic decision is made, neither the leaders of the Republic nor the United States will place their hopes on the EU, nor will they expect the EU to come forward to stop the war. It is impossible that both sides will not accept EU mediation when the war plan has been launched, or until the goal that hopes will be achieved through the war is achieved.

That's why, before arriving in Brussels, the head of state of the Republic said in an exclusive interview with Xinhua News Agency that the sharp depreciation of the RMB is the only way to deal with the hegemony of the US dollar. The only way to change the status quo and prevent the deterioration of the international financial market is to let the US dollar take the initiative to hand over the hegemony and establish an international financial order that better reflects the interests of the Republic and other countries.

These words do not mean that the ultimate goal of the Republic is to destroy the US dollar.

Because the US dollar has always been a tool for the United States to plunder other countries, the US dollar has also become the pillar of maintaining the prosperity of the United States, especially maintaining a wasteful American society. In the words of Lin Taisheng, an academician of the Republic of China's Academy of Social Sciences and a financier, if there is no financial hegemony supported by the US dollar, the United States will not only not dominate the world. Americans who account for less than the gills of human beings will not consume nearly irrigation resources. You should know that until the year of the field, the per capita resource consumption of the Republic is still less than half of the United States, and the total consumption is only the same as that of the United States. It can be seen that the so-called "American lifestyle is actually a high-consumption lifestyle established by plundering and enslaving other countries, and is definitely not a lifestyle worth promoting.

The end of the US dollar is actually the main sign of the United States' decline into a second-rate country.

This is the lesson of the United States. During the "Empire of Sun Never Setting", British sales were the world's strongest mainstream currency and the most widely circulated currency. As Britain's national strength declined and became a second-rate country, Yingji's international status plummeted and eventually became history.

From this perspective, it is impossible to defeat the US dollar to reach the United States.

To be precise, it should be that after the United States becomes a second-rate country, the hegemony of the US dollar will naturally disappear.

In this way, the Republic will definitely not be able to accept EU mediation.

Of course, the United States has similar attitudes.

Although due to traditional relations with European countries, on the way from Washington to Brussels, the US president was not as direct as the head of republic. He just tactfully stated that the United States has paid a huge price to maintain the dollar's currency. The moderate depreciation of the US dollar is beneficial to both the United States and the world. However, from these words, it can be seen that the US president has no interest in the EU's proposal and will not stop the financial war because of the EU.

Affected by this, the results of the Brussels Summit were very limited.

After the summit of the last day, the Republic and the United States accepted only one proposal from the Italian Prime Minister to jointly issue a statement aimed at maintaining the international financial order without signing any binding, especially a binding international financial agreement.

Obviously, such an ending can't change anything.

In fact, not many people have hope for the Brussels Summit.

Before the summit ended, almost all news media believed that even if the Republic and the United States adopted the EU's proposal in Brussels and reached a new agreement on the international financial order, it could not be a mandatory and binding agreement and practical feasible agreement. In other words, such an agreement will definitely turn into a piece of paper in the end.

Apparently, the EU's efforts to stop the war have failed.

After the Brussels Summit, the Republic and the United States held ministerial meetings within the Intensive Group and the SITO Group to discuss financial issues. In other words, both the Republic and the United States focused on the group and would not assume the responsibility of global finance.

There is no other option for the member states of the two major groups.

In fact, as an allied state of superpowers, the members of the two major groups have obtained security guarantees and have obtained enough benefits. Take Pakistan as one of the founding countries of the intensive group and the earliest ally of the Republic. After the Fourth India-Pakistan War, Pakistan completed the modernization of its country in just one year, becoming the first Islamic country to have a complete industrial system, and less than a year after the Indian War, it became the only truly developed country in the Islamic world. By the time of Tiannian, Kistan was already the most developed country in South Asia, and its comprehensive national strength was still above India.

If you gain something, you have to make contributions.

As the war is approaching, the member states of the two major groups must make contributions.

According to some information disclosed later, in the first half of the year, the Republic and the United States successively signed new alliance agreements with all the allies through intensive groups and SITO groups, or made new commitments.

Judging from the situation at that time, the next step for the two superpowers was to win more allies!
Chapter completed!
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