Chapter 1237 American Community (3rd update, please subscribe)

"European colonial rule in America has collapsed once, and now it is making a comeback. They are plundering America's wealth with gold, just like they used guns to enslave America in the colonial era... So we Americans must unite now to defend our currency and our economy! Even if we can't do it now, we should speak out our ideals and point the way forward for America in the darkness!"

For Emperor Zhu, the currency war is not just a war, but also an opportunity.

…

U.S. Treasury Secretary Daniel Manning, who lost his father at the age of 6, worked as a waiter at the New York State Assembly at the age of 10, later became a newspaper reporter, and finally entered politics to become Treasury Secretary, actually knows nothing about fiscal issues.

However, this did not prevent him from sitting in this magnificent office as the Secretary of the Treasury of the United States.

"Roger, the Ming Empire is calling the current currency issue a currency war again."

Manning, smoking a pipe and holding a copy of The Washington Post, read an article by the Minister of Finance of the Ming Dynasty: The Gold Standard - The Return of the Colonial Frenzy.

Roger, who was sitting in front of the minister as a member of the minister's staff, said:

"The people of the Ming Dynasty are obsessed with war. They are as fanatical about war as the Mongols. However, their views on silver are completely different from ours... Compared with gold, the depreciation of silver is inevitable. Even if the Ming Empire purchases silver without limit, as the output of silver increases, the Ming Dynasty will eventually find that the government's gold reserves are declining, just like us. The government's use of gold to buy silver may save the situation temporarily, but it cannot fundamentally solve the problem of increasing silver production. Using silver as currency is extremely detrimental to the US economy."

He had this view because President Cleveland was a "gold man," and his gold policy formed a solid alliance of Southern and Western Democrats to resist him and his Eastern supporters.

Taking the newspaper, Manning, who was a journalist, looked at the news in the newspaper, pondered for a while, and then said.

"Gold, silver... However, these are just their excuses. Their ultimate goal is to realize the organization they proposed - an American community that includes Ming, Mexico, Colombia, Venezuela and other American countries!"

What is this “American Community”?

It was an idea proposed by Emperor Zhu. In fact, what was this idea? It was just the first step to achieve expansion.

Roger, a professor at Harvard University, explained:

"According to their idea, this community is first a monetary community, with the currencies of various countries linked to silver coins - in fact, just like now, the silver coins they use are actually the same silver peso, with a fixed exchange rate. When silver depreciates, they ensure the silver price through purchases... In fact, their unlimited purchases have become joint purchases by various countries. In fact, they also know how naive it is to use silver to purchase gold!"

"It may seem childish, but Roger,"

Manning said, glancing at the newspaper.

"But this is just currency. Their community is also a customs community. The countries participating in the community will eventually eliminate tariff barriers. Goods, capital, and people will all flow freely. We will strive to integrate all American countries into an economic community."

Manning smiled and said in a sarcastic tone.

"You see, this is their real purpose. In the end? This community is also a military alliance. Ming, Mexico and other American countries will fight together to fight against all enemies who dare to threaten the common interests of America."

"These Ming people are really a group of guys who only know war and are ambitious and only know expansion..."

Roger spoke with a slightly sarcastic tone, and he saw at a glance what this so-called "American Community" was.

"With this 'American Community', the Ming Empire can legitimately continue their expansion. The only difference from the past is that they are no longer expanding directly militarily or occupying the countries. Instead, they will use this so-called 'American Community' to occupy and annex the American countries, turning them into economic and military vassal states or even colonies of the Ming Empire."

"Is this possible?"

Manning sneered.

“Will the caudillo politicians in South America give up their wealth and power?”

No one will give up the power and wealth in their hands. Not only will the warlords not give up, they will even defend the power and wealth in their hands at all costs.

It is for this reason that, in his view, the so-called "American Community" is nothing but a joke.

“Yes, that is a problem.”

Roger nodded.

"But economically, a monetary community will also be of great benefit to preserving their wealth. After all, the devaluation of silver is not a good thing for them. So, I think they are likely to agree to a unified currency."

"In this way, wouldn't the Ming Dynasty's conspiracy succeed?"

Manning asked.

"I think so."

Roger said,

"Ming is the most industrially developed country. Once a monetary community is formed, Ming's products will further occupy the markets of China, the United States and other American countries."

"In fact, they have almost occupied the place now!"

Shrugging, Manning said helplessly.

"Even in the American market, especially in the western market, there are a lot of Ming Dynasty goods."

Manning, who was smoking a pipe, seemed very helpless. In the past few years, Ming Dynasty goods had already swept the world, and the United States could not stay out of it.

"This is the main problem facing the Americas... The invasion of Ming goods is inevitable, and now the Ming Empire is not only trying to exploit other countries through the export of goods, I'm worried that they have another idea!"

"Another idea? What idea?"

"Is that even a question?"

Roger frowned.

"Currency! Just as they said in the newspaper, the hegemony of currency is the most powerful of all hegemonies! Once this hegemony belongs to the Ming Dynasty, the Ming Dynasty's paper money will be capital and resources, and they can buy everything they want..."

Roger couldn't help but imagine what might happen in the future.

"In the past, they had to pay real gold and silver or industrial products of corresponding value to buy various materials, but in the future, they only need to print some paper money! At least in the "American Community", they only need to pay paper money, not gold and silver."

After thinking for a while, Roger said again.

"This is just the beginning. At the beginning, they just created an American bank, and then in the future, they will issue a currency that transcends sovereignty. Don't think it's impossible. After all, the economies of those South American countries are generally unstable and unreliable. Compared with the currencies issued by their own countries, the locals are more willing to believe in foreign currencies. By then, they will take away the right to issue currencies of various American countries little by little! By then, all American countries will be their slaves..."

(End of this chapter)