The United States and Britain needed the gold of the Tang Dynasty to support monetary reform, so Zhang Meng seized this opportunity and deliberately controlled the United Kingdom, which surrendered to the MacDonald government and forced the British to buy dozens of small islands in the Pacific.

The trade dispute between Britain and the United States is very serious, which originated from the large-scale devaluation of competitive currencies between both countries. Although it could increase their respective foreign trade incomes at one time, the victims of long-term unfair competition were ordinary people of the two countries. This is also the fundamental reason why Britain and the United States had to sit down and discuss rebuilding the monetary system.

However, neither the United States nor the United Kingdom could produce enough benchmark gold, and rebuilding bank credibility became empty talk, which forced both countries to seek help from the Tang Empire, because currently one-third of the world's gold reserves are in the treasury of the Tang Empire.

The United Kingdom and the United States obviously wanted to unite to join the Tang Dynasty and use the Tang Dynasty's gold reserves to restore bank credit. Zhang Meng had already seen this, but he could not get up early. If Britain and the United States wanted him to help, they would have to pay a price. Zhang Meng had already bought the Pacific islands he wanted from the United States, so the Pacific islands controlled by the British became Zhang Meng's target.

Zhang Meng was not anxious, so he deliberately delayed. If the UK did not agree to sell the island, then there would be no negotiation. Anyway, the export quota of the Tang Empire was very small, and the depreciation of competitive currencies had little impact on it. Hoover was the most urgent because one of his promises for re-election was to rebuild bank credit, which was the trick Zhang Meng gave him, with the purpose of making Hoover ask for help from the Tang Dynasty.

Now Zhang Meng's plan has been successful. Under the pressure from the Hoover administration to the British government, MacDonald had to transfer more than a dozen islands in the British Central and South Pacific to the Tang Empire.

Although MacDonald was very upset, he had to make concessions in the face of the core interests of the country, and only sighed that Zhang Meng was too cunning.

"Your Highness, this is an island transfer agreement signed by the British government. Please put the jade seal on it, and these islands belong to us."

Foreign Minister Liu Kaiwei handed over the transfer agreement to Zhang Meng. According to regulations, as long as Zhang Meng sealed the jade seal on it, the transfer agreement would take effect immediately.

Zhang Meng looked at the transfer terms above, but he only spent more than ten yuan in a symbolic way. One dollar per island was like giving it for free.

Zhang Meng smiled slightly. Unexpectedly, McDonald was quite generous, but he was the most clever way to give it away for free.

Zhang Meng signed and stamped the jade seal on it, and the agreement took effect immediately.

According to the agreement, Britain transferred its colonies in the Pacific to the Tang Empire for one dollar, except Australia and New Zealand. This means that Britain completely withdrew from the battle for hegemony in the Pacific, just like Britain voluntarily gave up the Caribbean hegemony during the Spanish-American War in 1898. It was originally to avoid conflicts with the United States. Now it is to avoid military conflicts with the Tang Empire, which marks a further contraction of Britain's maritime hegemony and no longer the super maritime hegemony of the past.

However, in return, the Tang Empire will also officially join the negotiations between Britain, the United States and the Tang Dynasty on rebuilding the financial and monetary system.

"Your Highness, the empire has now purchased American and British colonies in the Pacific region. Now there are more than a dozen islands in the empire's absolute defense circle currently under French control. Is the next step to propose a note to France for purchasing these islands?"

Zhang Meng nodded and said, "You can talk to them. But they probably won't agree so easily."

Liu Kaiwei said: "French's naval power is not as good as Italy now, and it is not an opponent of the Imperial Navy in the Pacific. Even if the Empire sends troops to seize the French islands, they may not be able to do anything."

Zhang Meng waved his hand and said, "No hurry! Although the French Navy is still influential, it has a great international influence. Most of the islands they control are in the South Pacific, behind our strategy. At present, the potential opponents of the empire are all in the North Pacific, and there is no pressure in the South Pacific, so it is better not to stimulate France for the time being."

Liu Kaiwei said: "I obey the order, can I just take other hidden means to seize it?"

Zhang Meng asked, "What do you mean?"

Liu Kaiwei explained: "What I mean is to incite riots from residents of French islands, and we secretly provide funds and weapons, just like seizing the Fiji Islands."

Zhang Meng thought for a while and said, "Yes, give the French some pressure appropriately to make them understand our attitude. If they can be sold to us peacefully, it will be better, otherwise we will eventually annex it by force."

The French territory is not urgent. The urgent task is how to gain profits in the financial and currency negotiations between Britain, the United States and the Tang Dynasty. Zhang Meng discussed with Liu Kaiwei for a long time, and ordered a think tank to participate in the formulation of negotiation conditions that meet the economic interests of the Tang Empire.

These think tanks once made suggestions for Zhang Meng on Wall Street and Paris, and were world-class experts in the field of finance and currency. Zhang Meng could trust them to formulate negotiation conditions.

Liu Kaiwei continued to serve as the Negotiation Secretary and flew to Washington the next day to negotiate and negotiate with the British and American Negotiation Ministers on the reconstruction of the financial and monetary system.

After more than a dozen rounds of negotiations, the three parties found their respective balance of interests after bargaining, and thus formulated a new international financial and monetary order - the g3 Group was born.

The g3 Group represents the international financial and monetary system composed of the central banks of the United States, Britain and Tang Dynasty. This system determines that the Federal Reserve, the Bank of England and Datang Bank form a joint regulatory committee to supervise the scale of the printing and issuance of the central banks of the Three Kingdoms, and realizes a stable monetary system in which the US dollar is linked to gold, and the British pound and Tang yuan are linked to the US dollar.

In order to balance the interests of the three countries, the Federal Reserve depreciated the US dollar again to 55% in accordance with the g3 regulations, and the British pound depreciated to 45%. Tang Yuan maintained a one-to-one relationship with the US dollar, and also depreciated to 55%. The price per ounce of gold is 35 US dollars. Datang Bank lent the Federal Reserve 3,000 tons of gold and 1,500 tons of gold to the Bank of England to guarantee the international payment credit of the Federal Reserve and the Bank of England, helping the United States and Britain restore bank credibility and resolve the financial crisis.

In fact, the Tang Empire had 15,000 tons of gold reserves, which had already spread all over the world. Everyone in the world knew that only the Tang Empire's currency, Tang Yuan, could maintain its value. Therefore, when the United States, Britain and Tang Dynasty announced the establishment of the G3 Group and the Tang Empire announced the credibility guarantee for the central banks of the United States and Britain, the US dollar and British pound had actually restored their credibility.

However, for the sake of safety, the Federal Reserve mortgaged US$3.75 billion in banknotes to Datang Bank with a long-term treasury bond situation, and transported 3,000 tons of gold from Datang Bank to satisfy the exchange of gold and US dollars by major banks in the United States, and restored confidence in the bank.

The Bank of England directly took back the 1,500 tons of gold and did not mortgage any of the long-term pound treasury bonds of Datang Bank. This is because Datang Bank originally owed the Bank of England money. Originally, Datang Bank had to pay back the Bank of England's loans five or six years later, but with the establishment of the G3 monetary system, the pound would not depreciate anymore and would not make any profits. Therefore, Datang Bank deliberately used the gold to repay the debts owed to the British. In this regard, the Bank of England knew that it had suffered a big loss, but it had no choice.

The establishment of the g3 group and the establishment of the g3 monetary system have made Britain, the United States and Tang Dynasty the new maker of the rules of the global financial monetary system.

The British were a little sad. You should know that the rules of the game before World War I could only formulate them. The British controlled the global monetary and financial system and made countless profits. Now, the United States and the Tang Dynasty have been added, and this big cake is no longer exclusive to the British.
Chapter completed!