Chapter 976 A Secret War without Smoke

"...Thereafter, Singapore will cease using foreign currencies to settle space-related trade, and the Singapore dollar will be the only currency for space resource transactions."

When these words were read by Secretary of State Kerry in the conference room of the White House, the entire conference room was silent.

Feeling a little uncomfortable being looked at by countless eyes, Kerry moved the document and shrugged, "I'm done reading."

The atmosphere in the conference room relaxed, as if receiving some kind of signal, the whispers gradually became louder.

Kerry breathed a sigh of relief, sat back in his chair, threw the documents aside, reached out to pinch his sour brow, and glanced in the direction of Hillary and the Speaker of the House of Representatives. Logically speaking, no one from Congress would be invited to such an internal White House meeting, especially since the Speaker of the House of Representatives, Mr. Paul Ryan, is a Republican.

But now I don’t care about that much anymore.

Hillary and her chief of staff frowned, the Commerce Minister picked up his tea cup to drink water for the tenth time, and the Interior Minister looked at the ceiling thoughtfully. Economic experts and consultants looked at each other and exchanged opinions in low voices, but it was obvious that they had not come up with a clear idea. If they had an idea, they would have put it forward long ago. After all, giving advice is their only use in this kind of meeting.

This situation lasted for ten minutes, and finally an official broke the silence.

"I don't understand the reason why they do this. The U.S. dollar is an international currency. If the U.S. dollar is used for settlement, many inconvenient things will be made much more convenient!"

"Obviously they are trying to save the shaky Singapore dollar." said an economics expert from Harvard University.

"No, maybe they have bigger ambitions..." said an international relations expert at Stanford University. "Just a few days ago, we all thought that their crazy repurchase of Singapore dollars in the foreign exchange market was just poaching. They wanted to save the decision-making failure. Unexpectedly, all this was a trap set by them."

A Democratic congressman leaned on his chair and sneered disdainfully.

"I think we are overly worried. How big is the market for space resource development now? It will only be in the hundreds of billions if it lasts."

"That's right. Our core interests are still on Earth. No matter how many resources they develop in space, they must eventually be circulated in the international market. The U.S. dollar still has undisputed influence, and it can challenge the U.S. dollar with just a space elevator. status is simply a pipe dream.”

"It's just an asteroid captured, not to mention that this asteroid has not been fully developed yet.

Even if it is fully developed, it will only be worth hundreds of billions of dollars. The number of U.S. dollars in the world is more than 90 trillion, and the values ​​of the two are not at the same order of magnitude. "

"Unless they can prove the profitability of a space elevator."

"..."

The argument lasted for a while, then quieted down as Hillary cleared her throat.

Seeing everyone here looking at her, Hillary said.

"I have just exchanged views with the Speaker of the House of Representatives, and we agreed that it is necessary to send the Secretary of State to pay a diplomatic visit to the new country. Expanding the application areas of the US dollar is one of our diplomatic strategic priorities. The US dollar is an international currency, and this is why It’s a philosophy we’ve been promoting for decades.”

"At least, use dual-track settlement in US dollars and Singapore dollars. After all, US dollars also have a certain amount of circulation in New Zealand. We must remind them of this."

Secretary of State Kerry turned the pen in his hand and spread his hands slightly on the table.

"What about Europe? Recently, Europe..."

Hillary looked at him and said.

"I know that everything has its priorities."

"The EU is our ally, so you go to Europe first, and on your way back, stop by the new country."

Hillary bites hard on the key word "on the way."

Kerry nodded knowingly.

It is important to persuade Star Halo Trade to relax restrictions on the US dollar when settling space resources, but we must not let Star Halo Trade take itself too seriously.

…

Just after the Star Circle Trade publication established the Singapore dollar as the only settlement currency for space trade, the Singapore dollar exchange rate market experienced quite strange fluctuations. Just like most stocks bottoming out, they rebounded towards the original exchange rate at an incredible speed.

Although there are many thoughts on this move of Starring Trading, central banks of various countries have made the same move invariably, which is to increase their holdings of Singapore dollars.

If the Singapore dollar serves as the only currency for outer space trade, then in order to use the space elevator to develop the country's aerospace industry, the Singapore dollar will have a rigid demand for this country. Considering that other countries also have similar needs, the Singapore dollar is expected to appreciate, so the central banks of each country will make basically the same decision after discussion.

That is, use your own currency to buy Singapore dollars from the foreign exchange market.

Under the influence of these external factors, it is natural to promote the appreciation of the Singapore dollar.

As early as when the exchange rate of the Singapore dollar fell to the bottom, Jiang Chen purchased foreign exchange assets with a total value of US$212.7 billion from the New Federal Reserve in batches based on the exchange rate at that time, totaling 943.1 billion Singapore dollars. Now, the exchange rate between the Singapore dollar and the US dollar is almost the same.

In other words, during this money printing crisis, Jiang Chen more than quadrupled the US$212.7 billion in funds held by Futureman Group and Starring Trading, turning it into the equivalent of 9431 billion in funding.

The reason why it can jump up and down like a seesaw is because the circulation of the Singapore dollar is relatively small. If it were exchanged for other countries' currencies, such large fluctuations would be almost impossible unless there was a financial tsunami.

"I have to say that financial instruments are simply a magic tool for making money."

When Xia Shiyu placed a financial report on Jiang Chen's desk, Jiang Chen sighed like this.

Even for the Future People Group, which has developed to this level, US$943.1 billion is definitely an astronomical figure. Although the money is all in Singapore dollars, it is foreseeable that the exchange rate of the Singapore dollar will be very strong for a long time to come, so there will be no difference.

A resolution on large-scale money printing, and a long-awaited regulation on currency regulations for settlement of outer space resources. Just two documents made the Future Man Group amass more than 700 billion U.S. dollars in the foreign exchange market. In just one month, an Apple company was created out of thin air.

"The annual fiscal revenue of the United States is only 5 trillion U.S. dollars. Even at the national level, this more than 900 billion U.S. dollars is not a small amount." Xia Shiyu pulled a chair from the side and sat on Jiang Chen's side. On the opposite side, he supported his chin with his hand, studied the expression on Jiang Chen's face, and said with a smile, "How are you going to deal with it?"

Financial markets are a zero-sum game.

It does not create any value in itself, but if someone makes a profit, it must mean that someone loses money. These more than 700 billion US dollars did not come out of thin air, but the Future Man Group took advantage of the news to catch the Federal Reserve and Wall Street predators who controlled the foreign exchange market off guard.

It's hard to imagine that they won't get this back.

"Their method is nothing more than to snipe the Singapore dollar in the foreign exchange market and suppress the exchange rate of the Singapore dollar by short-selling the Singapore dollar, letting the banknotes we bought at a low price rot in our hands, and at the same time destroying the economy of the new country." Jiang Chen He leaned on the chair and said with a smile.

Xia Shiyu glanced at Jiang Chen in surprise.

"Isn't it surprising?" Jiang Chen keenly noticed the surprise in her eyes and said with a smile, "At any rate, I also charged myself a lot."

Although this financial battle has nothing to do with him, it is all directed by the professional financial team of Future People Bank. These theories were also told to him by David Smith.

"Don't be such a bastard," Xia Shiyu rolled her eyes at Jiang Chen and stood up from her chair, "Tomorrow the long-distance power transmission device of the lunar colony will be activated. Are you sure that laser beam won't poke a hole in the earth?"

Jiang Chen spread his hands and said helplessly.

"How many times have I told you, even if I shoot the Earth in the face, it won't penetrate its ozone layer." (To be continued.) New URL