Dreaming back to 1949, the great powers were there to deceive us

James withdrew his gaze, leaned back on the sofa, closed his eyes and thought.

He didn't quite trust Hu Zhenhua's judgment.

Westerners have enjoyed privileges in China for so long that they have developed an illusion: Shanghai is the Westerners' sphere of influence, and all Chinese people dare not do anything to them!

In fact, this is also what most Chinese people think at this time!

James thought about it for a long time and wondered what if he changed the place?

"Hu, I don't think Modu is suitable. Should we go to another place?"

"Just think of it as us assuming it!"

"All right!"

China is extremely poor, and if it could earn precious metals through labor, the temptation would be great.

The highlight is that management can choose Mi Yuan, which implies that Mi Yuan is more advanced because only management can choose it.

There are also rice shops.

The United States has a wide variety of industrial products with large output. Once the factory management has tasted the sweetness, they will definitely resell those purchased products. Through word of mouth, the red forces will also use the factory channels to buy the things they are in short supply, and then they will know: the US dollar is very attractive!

The brilliance of this approach lies in that it starts from the grassroots, proceeds step by step, and has almost no political traces.

But, Chairman Hu Da is only thinking about the United States?

James looked at Lao Hu meaningfully: "Hu is indeed our good friend!"

What do you mean by that?

Hu Zhenhua's face flushed: "Win-win, this is a win-win!"

"Oh? You lost a lot of precious metals. How can we talk about a win-win situation?"

"First, I hope your country can provide assistance for the production lines of these factories. Also, I hope your country can purchase the light industrial products produced by my company and give Tongan some preferential tariffs.

Second, I hope your country can provide me with an oil refinery and a steel mill in exchange for not shutting down my industrial zone after taking over!"

James frowned.

Light industrial products are easy to deal with, but oil refineries and steel mills are absolutely impossible, as this is aiding the enemy.

Hu Zhenhua saw James's concerns and quickly said, "An oil refinery requires oil, but China doesn't have any underground, so we have to buy it from abroad, which requires a lot of rice. If your country falls out with the Red Army, all it takes is a blockade, and the oil refinery will be ruined. As for the steel mill, I only want to refine ordinary steel, which doesn't require much technology. My friend, what do you have to worry about?"

James thought about it and felt that what Hu Zhenhua said did make some sense, so he could report it to his superiors.

In this transaction, Hu Zhenhua is definitely the biggest winner.

"Hu, congratulations! If the industrial zone is completed, you will make a fortune!"

"Win-win, it's a win-win!"

It has to be said that the proposal put forward by Hu Zhenhua was very attractive and difficult for James to refuse.

If successful, Mi Yuan will have opened the door to the red side.

You know, production lines, refineries, and steel mills are in excess in the United States and don't cost much.

James always feels like there is something he hasn't figured out. What is it?

He closed his eyes and began to think again.

Lao Hu didn't disturb him and drank tea alone.

The reason why he put so much effort was to produce cold-proof supplies and individual rations in the Magic City in a reasonable and legal manner.

There's only so much Lao Hu can do.

Others who traveled through time brought their own systems, but I only brought a poor academic brain.

Niang Xipi!

After a moment, James' voice suddenly rang out.

"Hu, even if the Red Power uses US dollars in foreign trade, the US won't be able to exert much influence on them, right?"

Hu Zhenhua's forehead was full of black lines. I've been talking for a long time, but you didn't get the point!

But in order to achieve his goal, he still had to explain.

"My friend, you seem to have doubts about the two main benefits of a global currency."

"Please help me understand this."

Hu greatly admires James for not being ashamed to ask questions.

"My friend, it seems you don't quite understand what seigniorage is. Let me explain it to you."

How could Hu Zhenhua know that the seigniorage he was talking about was a concept proposed decades later, and the seigniorage that James understood was a tax levied by the king on the mint because the mint would generate income when minting precious metal coins.

"Let me illustrate. Ten billion Mi Yuan are circulating globally, enough to buy ten billion kilograms of copper. Now, your country has issued an additional 100 million Mi Yuan, while the copper supply remains at the same. According to economic principles, if the amount of currency increases while the total volume of goods remains constant, inflation will occur. Since Mi Yuan is circulating globally, the US is effectively transferring the inflation. The extra 100 million Mi Yuan is seigniorage!"

James was struck by lightning! Oh my god, can currency be manipulated like this?

It took him three full minutes to come back to his senses and he asked anxiously.

"What about the second benefit?"

Old Hu moistened his throat and continued.

"The second benefit is even more remarkable. Let me give you a simple example. The United States is in a trade surplus with Japan (a surplus refers to a trade surplus in which the total value of exports is less than the total value of imports). How can this unfavorable situation be reversed through currency?"

James asked unconsciously: "How to twist it?"

"Raise interest rates! Your central bank will reduce the global flow of US dollars by withdrawing US dollars. This will make the US dollar more valuable. Originally, 10 yen could be exchanged for 1 US dollar, but now it will take 12 yen to exchange for 1 US dollar."

Lao Hu didn't say the rest because he knew that James understood.

James rubbed his temples. He had received too much information today and needed to digest it carefully.

"Hu, I have another question. If a country raises interest rates to address its trade surplus, will this harm trade with countries with deficits?"

"In actual operation, the decision can be made by referring to whether the total trade volume is in 'import surplus' or 'export surplus'."

"I see!"

Hu Zhenhua smiled. "My friend, do you think this is the end? There's more to come. Let's take Japan as an example. When the yen was worth 12 to the dollar, exports became difficult and some companies went bankrupt. At this time, if your central bank cuts interest rates again, your companies will definitely be the first to benefit. They will get loans and can acquire those bankrupt companies at extremely low prices!"

James suddenly stood up and shook Lao Hu's hand: "Benefited a lot! Benefited a lot!"

Hu Zhenhua laughed heartily and said, "Actually, your country's financial experts must also know these principles. Am I being too much of a teachable?"

James smiled.

It is impossible for domestic financial experts to understand it so thoroughly, otherwise, foreign policy should be adjusted.

"Hu, if you're interested, I can write a letter of recommendation. You're a well-deserved finance professor at Harvard!"

Lao Hu showed an incredulous expression. Is the threshold to becoming a finance professor at Harvard so low?

Old Hu didn't dare to agree to James' proposal. He only had so much knowledge and it would be easy to show his weakness.

"you flatter me!"

After some pleasantries, the two sat down again.

James seemed to have his Ren and Du meridians opened up, and he spoke eloquently: "Promoting currency is indeed more gentle and more covert. We can use the rice dollar as a bridge to strengthen communication, thereby understanding and influencing each other. Hu, your industrial zone plan is very clever."

Hu Zhenhua's old face flushed, a little embarrassed: "Win-win, let's win-win!"

James did not point out this little trick, he just wanted some benefits. The United States has a lot of money, and just a little bit of money would be enough for Tongan to eat his fill.

However, James seriously suspected that Hu Zhenhua was asking for help in disguise!

Otherwise, why must the industrial zone be in Shanghai?

It's no wonder he thought so. After losing control of half of the country, the Kuomintang government has been lobbying, hoping that the United States can continue to provide assistance in an attempt to reverse the defeat.

James looked at Hu Zhenhua with a half-smile.

"My friend, to be honest, your proposal is indeed very tempting, but the higher-ups don't trust you and probably won't let you do it!"

Hu Zhenhua showed a look of disappointment. He shrugged and said helplessly,

"I'm so sorry to hear that, James. I know what you want, but I really don't have any information on that!"

After a pause, Lao Hu continued,

"I'm sure you know my story. If I had information about polar bears, I would definitely use it in exchange for asylum in the United States, but I really don't have any!"

James stared into Hu Zhenhua's eyes, trying to make sure if he was lying, but Hu's eyes were firm and there was frustration on his face.

Life is like a play, it all depends on acting!

After a while, James gave up and decided to make one last attempt.

"Hu, do you have any clues about your colleague who spoke the truth after drinking?"

"No, we investigated for your huge reward, but found nothing. Perhaps that person is already dead. After all, the reincarnation rate of the action team is very high!"

After talking with Hu Zhenhua, Jimla did monitor the Four Pests to observe their reactions. As it turned out, the Four Pests did have close contacts with the action team, especially Guo Dachong, who secretly appeared at the Magic City Station several times.

All signs indicate that Hu Zhenhua may really not know the nuclear information of polar bears.

James thought for a moment and said,

"Okay! But I still have that question: Why is it the Magic City?"

Hu Zhenhua looked at James's half-smile and suddenly realized that this guy thought he was lobbying him on behalf of the government.

Old Hu got up, went to the bathroom, got a basin of water and brought it out.

"Mr. James, please pay attention. The place where the ink falls is the Magic City!"

A drop of black ink fell into the basin and then spread out. As it was diluted by water, the ink became lighter as it went further out!

James raised his head and seemed to understand something!

Hu Zhenhua patted his shoulder.

"Where do you want to put the industrial zone? Jiangbei? Even a fool can see what you are trying to do!"

James's gaze remained on the basin.

The ink continued to spread, and the color of the entire basin of water became homogeneous.

James already understood what Hu Zhenhua meant. This is called moistening things silently. He stood up and

"Hu, today's conversation has benefited me a lot. Goodbye!"

After James left, Hu Zhenhua rubbed his eyebrows.

Why didn't you follow the script?

You know, the US dollar is the most important part of the three axes of US hegemony. When I put forward this theory, there is no reason for them not to be tempted, right?

Could it be that they have already thoroughly studied the theory of global currency and have a promotion plan?

This possibility does exist.

Hu Zhenhua thought about it for a long time, and suddenly felt that he had entrusted his trust to the wrong person. How could James, an intelligence officer, understand currency!

"Forget it, never mind, let it be!"