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Chapter 1039 Checks and Balances of Power

"Oh..." Li Jianhua sighed with a long sigh with a worried expression.

If Director Li Jiamao, who had just seen his sad face, would be shocked.

What else can boss Li San, who is rich, have to worry about?

The different levels of people stand, so the scenery you see is also different.

Li Jianhua knew that a French warship came to the Port of Brisbane a few days ago. The trip transported 122 tons of gold to Australia. The final destination was the Royal Queensland vault, which was one of the huge amount paid by the French.

Since the outbreak of the European War, well, it is now called a "world war" in newspapers. Warships from Russia, Fuso, the United States, France and Britain transport gold have been continuously flowing, which has caused the gold reserves of Royal Fund Holding Banks and other large banks to soar.

This is also the confidence of the Ocean Empire to further increase the issuance of currencies. Li Jianhua even speculated that the seven major banknote issuance banks in the Empire were suspected of being suspicious of being over-issued to a certain extent.

The Red River Valley has become the financial center of the Pan-Pacific region. The proportion of Jinyang in international trade exchanges has increased rapidly from 2.3% to 2.5% two years ago to the current range of 12% to 12.5%. Moreover, the continued growth momentum has not diminished. It has become the world's second largest currency, continuously surpassing the Spanish peso, German mark and French franc.

Nowadays, people from all over the world are increasingly willing to hold the stable and strong golden ocean, and are even more popular than the pound.

Many rich people in Europe deposit money into overseas branches of Ocean Imperial Bank and remit money into Jinyang deposits. This major bank made another big profit.

Due to war factors

The franc has experienced a sharp depreciation that is rare in history. The British pound has been affected by it and has also experienced a decline in exchange rates of different degrees. As for the Italian lira, the German mark has fallen even more fiercely.

The victory or defeat of the battle ahead will be reflected in the exchange rate.

The same is true for the Japanese yen and the US dollar, just take the United States as an example;

Its total war compensation amounted to about US$9.6 billion, and when the Second US-Japan War broke out, it had been repaid with principal and interest for five years, with a total amount of approximately US$2 billion, and there was still about US$7.5 billion in total war compensation amounted to about US$7.5 billion.

Now half a year of war has been fought

Due to the exchange rate and subsequent large loans, the scale of its debt has increased instead of falling, with a total amount exceeding US$10 billion, reaching US$10.324 billion.

This is just the United States' liability to the Ocean Empire, with its total international capital liabilities reaching US$17.726 billion, which is still increasing rapidly.

In the first five years, the US war compensation was about $413 million in principal and interest per year. Now, with the increase in exchange rate, it has to repay about $465 million in annually (excluding other normal loans to repay principal and interest)

Because the Americans borrowed Jinyang loans, they had to use their local currency to exchange for equivalent Jinyang at the exchange rate when repaying. The stronger the Jinyang exchange rate, the more money they had to pay back. Britain, France and other countries also faced this problem.

Jinyang is linked to gold, so-called antiques in prosperous times and gold in troubled times. Large-scale wars have led to rising gold prices, pushing up the Jinyang exchange rate in disguise.

As the prospects of countries in war are worrying, the currency exchange rate inevitably declines. Although the pound, franc and mark are all pegged to gold, this only exists in theory. The countries during the war must have over-issued currencies, and no amount of money is enough.

The longer the war is, the higher the total loan amount, and the more you need to repay. This is a vicious cycle that does not transfer it to your personal will.

Now this period of time is the financial feast of the Ocean Empire.

Seattle

North American Governor's Office

"Jianguo, I have to refuse your kindness. My family is so strict that I will never allow the Li clan to participate in various business in society. Being good for yourself is the family rule. How many courage do I have to dare to disobey openly?" Li Xiaozu had a smile like spring breeze on his lips, and he flatly rejected Li Jianguo's suggestion that he wanted him to participate in the Somali Bank.

Li Jianguo was full of disappointment and persuaded him again. Li Xiaozu waved his hand and said, "No need to mention this matter. Well, the expansion of Somalia Bank in North America is reasonable and legal and in line with the procedures. If there is a dilemma from the US side, the Governor's Office will actively negotiate and will never ignore it."

Can this be the same?

Li Jianguo was depressed and wanted to shout, first of all, this is reasonable and legal, and it cannot be overcome in accordance with the procedures. The financial industry's mergers and acquisitions case is full of swords and swords, and there has never been a saying of harmony.

Why do they want to acquire regional banks for you if they run well?

In normal commercial bank mergers and acquisitions, there are also various external attacks such as cutting off the source of the fire, forcing the part-time buyers to surrender, including government pressure, which eventually leads to acquisitions and mergers at reasonable and even preferential prices.

Take a step back

The bank that was merged is not the bank of Somalia. The top ten banks with strong power in the empire have extensive branches in North America and are extremely influential in the US financial industry. Wouldn't it be nice to hold big and thick legs?

The directors and shareholders of these merged banks generally do not choose to get cash, and they are not short of money. Most of them choose the merged bank shares. So isn’t Imperial Huitong Bank and Royal Shangri-La Bank stronger? Is the prospect broader?

No matter how bad it is, you can choose Wells Fargo or Huiyuan Bank. Its strength is at least two levels stronger than Somalia Bank. Isn’t it good?

From which perspective, the possibility of choosing a Somalia bank is slim.

What Li Jianguo wants is not national treatment, but super-national treatment, which is the biggest problem for Somalia Bank in its development.

Just this point, Li Xiaozu could not give it to him.

Li Xiaozu's expression was very calm when he refused the benefits worth tens of millions of gold, but he couldn't help but feel a little regretful. After chatting with Li Jianguo for a while, he served tea and saw him off.

After the guest left, Li Xiaozu picked up a private message written by Duan Changjiang and looked at it again, with a helpless smile on his face.

This letter was brought by Li Jianguo. It was obvious that Duan Changjiang had been confused by huge interests. In addition to ordinary family matters, the letter mainly talked about the issue of participating in the Somali Bank. His opinion was completely possible.

Anyway, they don’t steal or rob, and other nobles do this. They can use fiefdom to pay mortgage loans to the bank to avoid the suspicion of huge bribery.

"Yangtze River, you're still a little tender, how could it be that simple?" Li Xiaozu smiled bitterly to himself.

He has worked with the emperor for more than ten years, and there are too many secrets he has heard and witnessed. The tip of the iceberg exposed is enough for him to think about it repeatedly, and he is very cautious.

The Political Information Bureau and the Security Bureau like to bury nails around major figures in the military and political circles, which is almost a well-known secret.

Li Xiaozu also knew;

Many nobles and powerful people think they are secret, but in fact they have already established files in the royal treasury in different categories. The emperor is not unaware of it, but he has not attacked it.

?This deep thought makes people feel cold after thinking about it.

My father, Li Shuanzhu, was a commander of the Imperial Guards and had a very high level of confidentiality, so he could understand many royal secrets that ordinary ministers did not know. The more he knew, the deeper his fear of imperial power would be.

There are almost no secrets before the saints today. The only thing they can do is to be cautious in solitude and keep a loyal heart unmoved by external things.

If the eggs have no sewn, they will naturally not attract flies.

The Duke Li Shuanzhu family is different from the other two Dukes in other surnames. The Duke Prince Li Xiaozhu is a man of the same age and is destined to make a great career in the imperial political circles. The future is bright and brilliant, and it is unlimited.

The more this happens, the more you should pay attention to keeping yourself upright and not lose your holy favor.

The Duke He Fang family is different from the Duke Mo Rufeng family. Their family has no successors. So, the playboy He Tianci will not talk about it. He is just messing around all day long. Doesn’t the emperor know?

It was just a saint who was consuming the hard work of Duke He Fang for decades. If it weren't for this, ten heads would have been cut off.

The wife of Duke Mo Rufeng died of dysfunction and the eldest son suffered a crime during childbirth. He was born with a mental retardation and could not inherit the throne of Duke.

The second wife and the third wife each have several sons, both of whom are already adults, and they fight each other very well, making Duke Mo Rufeng so big that he is like a fight. Even if anyone inherits the throne in the future, it is basically impossible for him to have any reputation in the military and political terms.

Compared with these two top families, the Li family has at least one generation of glory. At this time, we must be more steadily and in a straight manner, so we cannot let others get the word.

Compared with the holy relatives, the interests of tens of millions of golden oceans are like fireflies to the bright moon.

The idea has been decided

Li Xiaozu was not in a hurry to reply to Duan Changjiang. Some things were quiet and he could figure it out, which was much deeper than reminding him.

Duan Changjiang is such a smart person, he will not be confused.

He walked back to the desk, thinking about the content of the memorial presented to the current emperor in his mind. After repeated thoughts, he began to write with a serious expression.

During the Secretariat's training

Li Xiaozu had read the memorials of countless officials from border ranks, and he had already mastered the importance of memorials and excerpts of briefs. He had already mastered his writing skills, and he was really good at writing work like this.

Compared with other local governors, the most important thing about the North American governor is that he has a secret report. It can be said that he has a high position and a high power, which is an arrangement of checks and balances between power.

The Empire had heavy troops stationed in North America, with a total of 376,000 troops, accounting for almost one-third of the Empire's total military force, with a total of two heavy armored divisions, one in Salt Lake City and the other in the Republic of Virginia.

It includes four fully equipped Class A divisions, stationed in Oregon, Iowa, Snow Mountain State (formerly Washington State) and Utah, with six Class B divisions, two heavy artillery divisions, four fortress garrison artillery brigades, and two garrison garrison divisions, namely the Rocky Mountain Garrison Division 1 and the Second Garrison Division.

The troops gathered and were stationed in the Republic of Virginia, the Republic of California and the four states of North America. Marshal Mo Rufeng was in charge of the general administration, and was used to deter the United States and Fuso countries from acting rashly.

In addition, there are the Atlantic Fleet and the Pacific Fleet in North America, which crush the two strong forces of the United States and Japan with their strong strength and control the ultimate voice of this continent.

Such military power as heavy as Mount Tai cannot be controlled by Marshal Mo Rufeng alone. The empire has its own way of checks and balances. The armored tiger cavalry division stationed in Salt Lake City. Lieutenant General Lie Baihu, the commander of the Second Army and the commander of the armored tiger cavalry, was a veteran general. He followed the founding fathers of the emperor to conquer the world, and was even older than Marshal Mo Rufeng.

Without the will of the Lord, it is impossible to mobilize an armored Tiger Cavalry Division with one soldier.

Li Baihu also served as the commander of the Second North American Army. He has a Class A Division, two Class B Infantry Heavy Divisions, one heavy artillery division, and a strong armored Tiger Cavalry Division. The entire army has a total of five divisions, with a total of 112,000 troops. He is one of the two powerful mobile corpses of the North American garrison.

As the Governor of North America, Li Xiaozu did not have the right to command field troops, but he had direct command over the Weiwu Division and the garrison brigade. These local troops have a dual command system. On the one hand, they are under the jurisdiction of the North American General Command, and on the other hand, they are obeyed the North American Governor's Office.
Chapter completed!
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