life in the sky

"The prime minister is right. The series of rescue measures adopted by the US government have caused us some trouble on the surface, but after careful analysis, it is also very beneficial to ensure the safety of our assets."

Gao Xuzheng is a little confused. As long as the U.S. government keeps the exchange rate of the U.S. dollar from falling, it will buy them time and add a lot of variables to the contest between China and the United States. This is originally a bad thing, why? Did Mu Guoxing say it was a good thing?

"It seems that nothing can trouble you, a Ph.D. in economics. You must have a countermeasure."

Mu Guoxing nodded: "The collapse of the U.S. dollar system is a double-edged sword. While eliminating the other party, we must also avoid harming ourselves. At present, our national strength is not strong enough to step on the United States. We must have a period of peaceful coexistence with the United States. As long as we can be on an equal footing with the United States, it will be regarded as a staged major victory. Our basic national policy is to use all means to strive to make the renminbi an international currency, and To achieve this goal, we must adopt political and economic dual means, coupled with military cooperation, and comply with the conditions that the United States agreed to us."

Gao Xuzheng said: "I understand what you mean. Through this struggle with the United States, we will severely damage his economy, but not destroy his economy, and force him to agree that the RMB, like the US dollar, will become an international currency. Then we will go through a period of development, accumulate strength, and finally knock it down in one fell swoop. Regarding your proposal, the Standing Committee has passed it last time, so you just go ahead and do it boldly.”

Mu Guoxing smiled and said: "I'm afraid it's not just us this time. The EU will also demand the euro to become an international currency. This can be seen from your visit to the EU and the recent visits by some heads of state to China. In this way, the world will There will inevitably be major changes in the pattern, and the final result will be a three-legged situation, and judging from the current situation, this situation is the most powerful for us."

Gao Xuzheng waved his hand: "Since the Standing Committee has approved your suggestion, you can go ahead and do it boldly. What you should do is up to you. If you encounter problems that cannot be solved, let's study together. Oh, there is one more thing I want to tell you that the number one just called to say that last night, when the meeting with the number one was coming to an end, the US Vice President Ofergus asked to see you. What the number one meant was that it would be better to meet him if he had time. .”

Mu Guoxing has already learned from the briefing sent by the Ministry of Foreign Affairs this morning, the content of the conversation between the two sides when he met with Ophegus on the [-]st yesterday, and he also knows that the conversation between the two was not very pleasant.Especially on the issue of arms sales to Taiwan, Charleston made no concessions, and threatened with the powerful military power of the United States.

On the [-]st, he also refused to give an inch during the conversation, insisting that the United States first cancel the arms sales to Taiwan, and promise that it will never do such things again in the future.And said that if this problem is not resolved, there is no need to discuss other issues.It seems that the pain of the United States is still not hit, which makes Ofegus dare to be so arrogant, "Okay, let the Ministry of Foreign Affairs arrange it. I will take some time to meet the vice president and see him. What kind of benefits do you want to get from the economy!"

Text two thousand 530 six chapters

Ophegus looks in his 50s, with a pointed eagle beak nose and blue eyes that roll around, giving people a very cunning feeling. His slender and strong figure shows that this person pays attention to fitness. )

"Mr. Deputy Prime Minister, it is a pleasure to meet you. I would like to congratulate you personally on the investment that you instructed your country's National Investment Corporation to make in the Eurodollar futures market. From this point of view , you are worthy of being the top economist in China."

With his American candor, Orpheus put a top hat on Mu Guoxing as soon as he sat down, saying that Yankees don't know how to flatter. This sentence is not entirely correct. The vice president in front of him is very Knowing this, no matter whether he is sincere or false, nice words are always pleasing to the ear.This also shows that the US Central Intelligence Agency still has a clear grasp of every move of the leaders of China, and Ophegus' congratulations also have other profound meanings.

"Thank you, Mr. Vice President, for your congratulations. This is just a small trick, and it can't be put on the big table. The development of a country's economy should mainly focus on the development of the real economy. The virtual economy always makes people feel a little uneasy."

The information provided by the Ministry of Foreign Affairs said that Orpheus did not understand the economy, which seems to be inaccurate. Perhaps Charles had some knowledge in this area before his visit to China. He not only understands the economy well, but also has unique insights into some issues. place.The two discussed whether to expand the virtual economy or the real economy, but in the end, neither of them convinced the other.The positions and starting points of the two people, as well as the purpose of this meeting, are different. If they can be persuaded by the other party, then they will see the devil.

"Mr. Vice Premier, whether it is the real economy or the virtual economy, in fact the United States and China are the two most powerful countries in the world, and we share common interests in many international affairs. The main purpose of the visit to China. There is a saying in China that says that cooperation will benefit both, and separation will harm both. Don't you think that our two countries should cooperate better and play a role together in international affairs?

Ofegus's words are very pleasant, and he also threw a bait to Mu Guoxing. It seems that the vice president has realized that Huaxia is not easy to mess with, but he is not willing to give up his hegemony and use his joint efforts to play a role in international affairs. Use it as bait to impress Mu Guoxing.

"Mr. Vice President, the United States is the most powerful developed country in the world. Although China has developed relatively fast in recent years and has a little foreign exchange reserves, we are still a developing country in general. In this respect There is still a big gap between our two countries. I have no objection to Mr. Vice President’s proposal that the two countries should play a more important role in international affairs. However, this cooperation must be based on equality and mutual benefit without harming the interests of the other party .”

In the following speech, Ofegus talked about the superiority of the US financial system and strongly emphasized the strength of the United States. His purpose was to imply that Mu Guoxing would not sell US debt. Serious consequences, not only the relationship between the two countries, but also a great damage to the world economy.

Of course, Mu Guoxing refused to give an inch, so he wouldn't fall into the trap set by Ophegus. After Ophegus finished speaking again, Mu Guoxing said bluntly: "Mr. Vice President, I I noticed that in your speech you repeatedly mentioned the need to jointly safeguard the interests of both sides and strengthen cooperation in international affairs. My question is, since your country has such good wishes, why do you say one thing and actually do another? What about suits?"

Orpheus stared at his cat-like blue eyes, pretending to be confused and said, "Mr. Deputy Prime Minister, I don't understand what you mean."

Mu Guoxing saw through his little trick at a glance, smiled and said: "Mr. Vice President, you should be very clear about what I'm talking about? Arms sales to Taiwan are China's core interests, and the US government even our core interests How can I believe that you will cooperate with us sincerely?"

Ophegus smiled: "Oh, I have already explained this sentence when Mr. President met me yesterday. The arms sale to Taiwan is a decision made by the US government in accordance with the Taiwan Relations Act, but this issue is not in the slightest. Affecting the relationship between our two countries should not be a reason for us to sanction each other."

This is a sophistry reason often used by Yankees. Mu Guoxing said seriously: "Mr. Vice President, may I think that what you said is also applicable to the relationship between countries? The domestic laws of each country. If this is the case, there is no need for us to discuss further. You can use the domestic relations law to sell arms to Taiwan, and we can also use our domestic laws to deal with the irresponsible US government. counteract the practice.”

Seeing that Ofergues was about to speak again, Mu Guoxing said immediately: "Mr. Ofergues, when dealing with international relations, domestic laws do not apply. This is the most basic common sense."

Ophegus is an extremely cunning politician. Of course, he heard what Mu Guoxing said, that is, Huaxia still reserves the right to counteract the US arms sales to Taiwan. Clearly, the only option is to sell U.S. debt.Now the U.S. government has cobbled together tens of billions of dollars to stabilize the exchange rate of the U.S. dollar. This is before the Huaxia government announces the sale of U.S. debt. This is the most important purpose of Charleston's visit to China this time.

"Mr. Deputy Prime Minister, I hope you can understand the difficulties of the U.S. government. The U.S. is a country ruled by law. It is a well-known fact that the three powers are separated. Even the president of the U.S. cannot be above the law. This is why we enforce domestic laws. One of the main reasons, I ask your government to understand."

Although Ophegus pretended to be serious on the surface, Mu Guoxing caught the fleeting panic in his eyes. He knew that what he said just hit Charleston's seven inches.

"Mr. Vice President, although the legal system in Huaxia is not very sound in some places, we are working towards this. As you said just now, no government can be above the law, and I agree with you From this point of view, everything we do will abide by the most basic law, which is to effectively safeguard the interests of our own country."

The two men talked about the law again from the economic aspect. They were fierce and refused to give in to each other. Mu Guoxing said: "Mr. Vice President, as I said just now, the arms sale to Taiwan has touched the core interests of China. It cannot be allowed, if we agree with you to do this, our government is breaking the law, and the billions of Chinese people will never agree, and we will pay any price for this!"

Ofegus did not answer Mu Guoxing's question directly, and began to talk about the friendship between the two countries. At the same time, he did not forget to show off the superiority of the American social system and strong military power. The implication is to remind Mu Guoxing not to confront the United States in consideration of the actual situation, otherwise China's end will be ugly.

Mu Guoxing said: "Mr. Vice President, since neither of us can convince anyone, I suggest that today's talks end here. Although China is not as powerful as the United States, it will definitely not be bullied by anyone."

At this time, the two parties still haven't talked about whether Huaxia is going to sell U.S. debt, but Orpheus is very clear in his heart. He knows that if he doesn't give the Huaxia government a little bit of sweetness, or if he doesn't make any concessions, the Huaxia government will Absolutely will not change my mind.

Ophegus smiled and said: "Mr. Vice Premier, what should our US government do to further maintain the relationship between the two countries so that there will be no rupture, and what should we do so as not to harm China's interests."

What Ophegus meant was to ask Mu Guoxing to make a condition, which is rare for the United States.U.S. government officials have always been used to domineering in international affairs negotiations, and they will never make any concessions. It is indeed not easy for Orpheus to do this this time, which is also sufficient It shows that the U.S. government is still very afraid of Huaxia selling U.S. debt.

Text 530 Chapter [-] Deep Cracks

Since the U.S. government is afraid that China will sell U.S. debt, Mu Guoxing will of course make use of this aspect to make a fuss. As soon as Ophegus' voice fell, Mu Guoxing said: "Maintaining the development of bilateral relations is the responsibility of our two governments and the two countries." It is the common wish of the people, and no one wants the relationship between the two major countries, China and the United States, to break down, and it is especially important to maintain the normalization of the relationship between the two countries today when the financial crisis is intensifying."

Mu Guoxing paused for a while, observed Ophegus carefully and continued: "The US government unilaterally announced an anti-dumping investigation on 34 kinds of commodities originating in my country, which has seriously violated our country's interests. Announcing arms sales to Taiwan touched our core interests. Now that the U.S. government has stepped on our bottom line, we must of course use all means to fight back. Otherwise, we will not be able to face more than one billion people. "

After talking in a big circle, I came back to the original point. Mu Guoxing's meaning was the same as that of No. [-]. If these two issues cannot be resolved, there is no way to talk about other issues.

"Mr. Vice Premier, in order to express our sincerity, the US government can cancel the anti-dumping investigation on 34 kinds of commodities originating in China, but the issue of arms sales to Taiwan involves our country's Taiwan Relations Act, so I don't have this The power to answer you must be authorized by Congress."

Mu Guoxing stood up with a smile: "Since Mr. Vice President has no right to answer, please go back and get the authorization of Congress to talk about it. But I can tell you that during this period, bilateral relations have deteriorated, and the US government will Take all responsibility."

Naturally, the talks between the two countries will not bargain like ordinary people buying vegetables in the vegetable market, but in fact the connotation is similar.One party proposes a condition, and the other party also proposes an equal condition. The two parties negotiate and make concessions to each other, and finally reach a consensus.But this situation must be based on mutual benefit. If any party wants to take advantage and not suffer, this agreement will never be reached.

Ofegus’s visit to China this time came back empty-handed. Not to mention signing any agreement, he didn’t even get a word from the leaders of China. This is extremely rare in the history of China and the United States. Yes, this means that there has been a deep crack in the relationship between China and the United States.

On the second day after Ophegus returned to the United States, the global dollar exchange rate fell sharply again. Everyone knew that the US vice president's visit to China did not get what they wanted, and the Chinese government would definitely announce the sale of the US dollar. in debt.

In the Oval Office of the President of the United States, several staff members of President Bowman were present. Judging from the dejected expressions of everyone, it was clear that they were discussing a very troublesome matter in this meeting.

"Mr. Ophegus, does this mean that the Chinese government must announce the sale of U.S. debt?"

Ophegus looked at Bowman, and said slowly: "I'm afraid this is an unstoppable fact, Mr. President!"

Bowman nodded and said: "Now that the Chinese government has not announced the sale of U.S. debt, we have spent all the money we can get. If they announce the sale of U.S. debt again, what will we use to repay these debts? Rolls Sir, you are the Minister of Finance, please tell me, how much of the [-] billion we got from Japan, South Korea and Taiwan is left now?"

Laws shrugged his shoulders, spread his hands and said, "There are less than [-] billion left, and this amount of money still needs to meet the normal government expenditure."

"Are you saying that all the [-] billion yuan has been spent? Then the money we saved by cutting expenses ourselves and the money we got from other countries will also be spent?"

"I'm afraid that's the case. We're very poor."

Bowman said with a sad face: "Gentlemen, our government, no, the entire United States has encountered an unprecedented crisis. I thought that the [-] billion would always be able to overcome it, but I didn't expect that China hadn't made a move yet. We It’s all spent, and if they sell U.S. debt again, what should we do?”

Laws thought for a while and said: "There are two economic ways to solve this problem. The first is to raise the debt ceiling and start our money printing machine again. The second way is to declare a technical default on U.S. debt, of course. The best way is to prevent Huaxia from selling U.S. debt, which is not something I can consider."

Secretary of State Palak said: "It is impossible to raise the debt ceiling again. Last time, in order to raise the debt ceiling, the two parties argued fiercely in Congress, and they did not reach a consensus until the deadline. It is a heavy burden, and spending must be cut by [-] trillion US dollars within five years. If the debt ceiling is raised again, it is impossible for Congress to approve it.”

Palak looked at Bowman and continued: "As for the technical default that Mr. Rolls said, it is not advisable. The last time we did not declare a technical default, Standard & Poor's downgraded our credit rating from 3A It has become AA+, which has greatly increased our financing costs. If we really declare a technical default this time, it will inevitably lead to a further downgrade of the U.S. debt credit rating, and even be rated as junk. I bought it. What’s more serious is that it will soon lead to a global economic depression. In today’s world economic integration, the degree of depression suffered by the United States will far exceed that of the 30s, and I’m afraid it will become a second-rate country. .”

Laws said: "Mr. Palak, I understand what you said. I am afraid that the result will be more serious than what you said. If the U.S. debt defaults, the world economy will immediately enter the Great Depression. If the U.S. debt ceiling does not increase, the Fed will not If you buy U.S. bonds again, the maturing U.S. debt will be included in the junk level. At the same time, other local debts and corporate debts will also be downgraded, resulting in a heavier interest burden. The U.S. finances will be forced to cut spending, medical institutions, military enterprises High-income areas such as China will be hit significantly. At the same time, the rising cost of corporate debt in the United States will force a large number of high-asset, high-debt, and low-profit companies to lose money or go bankrupt, and the unemployment rate may reach a staggering 30%. In addition, Debt cost pressure will force U.S. capital to return, which will inevitably cause severe domestic inflation and accelerate the speed of U.S. bankruptcy.”

Bowman asked: "In what ways will it be manifested specifically?"

Rolls looked at Bowman and thought to himself that this weak president doesn't even understand the most basic economic common sense, so he really doesn't know how he won the votes of so many voters.

Before Routh could speak, Palak said next to him: "The concrete manifestation is that the U.S. government will not be able to pay all the bills on schedule, so it can only pay selectively. According to the analysis of the Congressional Bipartisan Policy Center, if the U.S. government chooses to pay interest on national debt , social insurance, medical expenses and unemployment benefits, it will have no money to pay the wages of federal government civil servants and soldiers, as well as college student grants, engineering construction costs, tax rebates, etc., and vice versa. Since then, the consumption of the people will decrease sharply, and the United States The economy will experience a severe recession; investors will demand higher interest rates to offset risks. The rise in interest rates will increase the repayment pressure on credit card holders and mortgage lenders. The rise in interest rates will also increase corporate borrowing costs and increase financing burdens. "

Bowman took a deep breath: "Will it be so serious? Wouldn't the US government go bankrupt after this?"