0153 The situation has changed again
"Your Excellency the President, we are not in much trouble at the moment ..."
The president's chief of staff in the cabinet had a slightly uncomfortable expression as he looked at the report in his hand, "This time, the victorious alliance has refused to honor our war bonds, saying that they don't have enough funds at the moment, and the defeated countries have said that they need time, and that they might have to wait a few months.
The grim expression on His Excellency the President's face relaxed a bit at this point, he felt that this was good news, "Wait a few months? That's no problem, not as long as they're willing to honor it!"
But the Chief of Staff was obviously not as happy as the President was right now, he somewhat reluctantly squeezed out a small smile, "But some of the information we have received explains that several of the defeated core countries are printing more money to combat their current difficult financial situation.
The President's expression became serious again, even a bit pained, it was obvious that he understood the meaning of this statement, no one knew better than him the series of changes that the printing of additional currency would bring, there was no doubt that these defeated countries were also planning to repudiate their debts, it was just that their methods were not quite the same as those of the victorious countries.
Assuming that the Baylor Federation officially purchased ten billion bonds of the defeated countries, and that the currency of the defeated countries was equal to the Federation Thor before that, then after the war ended, the defeated countries would redeem those bonds according to the standard at the time the war bonds were issued, for example, redeeming the currency of the defeated countries worth 20 billion Federation Thor or some other number.
But now the defeated country is printing more money, which will inevitably cause the value of the defeated country's currency to plummet on the international currency market, and along with the "defeat" of the defeated country, the currency that may very well be worth 1:1 to the Federation Thor, under all kinds of negative news and inflation, becomes 100:1, or even 1000:1.
By the time they've printed the money worthless, a $10 billion war bond may be worth less than 1 million Federation Thors when redeemed!
The victorious country could forcefully refuse to redeem, and the defeated country had its own way of avoiding further losses, and this gave the President and everyone in his cabinet a headache for a while.
In fact, that is not the worst of it, they got the news that some of the war bonds of the victorious countries had already been cashed in, and some of the small countries that had made their stance clear in the world war and had chosen to take sides but were not on the front lines of the war were cashed in first.
If everyone hadn't cashed in, the Federation could have said that it might have something to do with the situation within the victorious Alliance, that they couldn't come up with that kind of money in a short period of time, after all, the pensions for the deaths of millions of people would have been enough of a headache for them for a while, not to mention all the various cities that had been damaged and destroyed.
But they cashed in some of that and instead made the Baylor Federation's position in the international arena very uncomfortable, which gave people a very intuitive sense that the Baylor Federation was being targeted.
With such a contrast, the situation within the Federation is also likely to take a sharp turn for the worse, and what's worse is that it's all because of the Conservative Party's historical isolationist policies, and once someone thinks that it's the President's implementation of those things that caused the current situation, the Conservative Party and the President's cabinet are going to have to take a huge amount of pressure.
Policies that they have treated as the most appropriate for the Federation in the international community will immediately become the biggest blunder of this presidential cabinet because of these international relations.
The people of the Federation, who have been enjoying peace and quiet, will not sympathize with the painstaking efforts of the Presidential Cabinet, and will probably turn around and blame the Presidential Cabinet for the current terrible trends in the country, and the unemployed will also blame the Presidential Cabinet for the isolationist policies that have made the Federation an "island" and caused many of the current problems. It is their policy of isolation that has made the Union an "island" and caused the current problems.
The will of the people is never stable, it is always changing to meet the selfish and narrow-minded demands of the people.
The President's head grew large at the thought of countless people demonstrating in front of the Presidential Palace, "Don't let this news be revealed for the time being, in addition, let our diplomats continue to talk to them, even if they don't honor all of them, as long as there is a stance, it's fine.
At this moment, the Foreign Minister coughed lightly, the President looked at him with some displeasure, he asked with a bitter smile, "Your Excellency the President, what position are we going to take to convince them?"
With a single word, the displeasure on His Excellency the President's face turned into a pained look, even he was beginning to wonder if the isolation policy was right or not, even though it seemed to be good in previous years, now he wasn't so sure.
The contents of the small meeting inside the presidential palace quickly spread, and in the Baylor Federation, the higher up the hierarchy, the less of a secret it was, a situation that was actually quite common and realistic.
Behind every official, there might be plutocrats or big capitalists with powers different from those behind His Excellency the President, and the rise of these people to power could be said to be the bellicose intentions of His Excellency the President, but it was more of an agreement between a number of united plutocrats, consortiums, and big capitalists.
They helped His Excellency the President to win the general election for a new term, then it stands to reason that they will also push their agents into the presidential cabinet.
They have given the sweetest of the sweetest to the most central people, they want some ministers, directors and such positions, there won't be any objections, right?
So any news in the cabinet couldn't be hidden, and soon some of the big consortiums realized the problems, but they tacitly agreed not to launch their plans right away, and instead started cooperating with each other to restructure their industries.
No one was allowed to jump the gun, and many of the large consortia had not yet withdrawn the steps that would cause them to fall, so they also needed time to cut some unnecessary steps out of their own, and then waited for the starting gun to fire.
On Saturday afternoon, Lynch attended a small meeting, like a council or something, organized by Sabine City Hall.
The town hall had brought in all the celebrities they could to discuss how to change the current situation and where exactly the town's way out was.
This naturally included Lynch, and Joe Gleeman as well as the bank staff, because the Baylor Federation Ministry of Finance unified request, the six banks have begun to pilot the "credit loan" this new business to deal with the current situation.
Each person was given a credit score based on their social security contributions, their past performance in society, and their current real estate and assets, which allowed them to obtain unsecured loans from the banks at various levels.
This policy was introduced to help families who were unemployed and in difficulty, but who had a good record in the past and also had some home savings to tide them over.
As for the homeless or people who have nothing, they are not part of this program.
Before the meeting, Lynch was talking to people about his club, manager Kane had helped him find a more professional coaching staff and they were starting to recruit new players, which was starting to get some people interested in the club again.
People love to see the flowers bloom and of course there are those who love the buds that are about to bloom but not many want to understand how many steps it takes for these things to go from seed to bloom and how each step is done, they just want to enjoy the results and not take on the process or the responsibility and rugby is no different.
People actually want their city to have a professional sports team, whether it's football or baseball or whatever, and they want to be able to find a reason to take off their hats and wave when they go to those sporting events.
They used to be reluctant to take on that responsibility themselves, but now they can start to enjoy it because someone else is doing it for them.
While chatting with someone about whether or not there was a chance that Sabine City FC would play in the professional league next year, Joe Gleeman walked over to the edge of the crowd, greeted everyone, and then obviously looked at Lynch, "Wanna smoke?"
Lynch nodded, "Of course ...", he then apologized to everyone before walking out of the conference room with Joe Gleeman and finding a corner where no one was to smoke a cigarette.
This is definitely not a meaningless "agreement", both of them lit a cigarette, Joe Gleeman looked around before whispering, "If you have anything to lend, it is best to bring it before October, after October the bank will raise the risk indicators and approval indicators, a lot of things will not be too good to go through. "
The bank was definitely one of the most sensitive to politics, to the shape of the country, to the international situation, and they had more than one specialized research room to study these policies and things that the bank had a relationship with all day long.
Immediately after the news of the President's Cabinet came out, the bank came to a terrible conclusion, and they asked that after the end of the third quarter they would try to simply not approve any more loans abroad, and that the amount of all loans would have to be adjusted downward to ensure the safety of the bank's property.
Joe Gleeman also received a separate notice that beginning in the fourth quarter, the approval authority in his hands would be monitored.
The reason why he was separately notified of such news is not to say that the bank branch does not believe in him, only that he has already locked the business awards for this year in advance, the branch's meaning is that if he has irregularities, as soon as possible to wipe out, to avoid some people to say strange things, in order to reflect the principle of fairness and impartiality of the branch, from the fourth quarter will be on the review of the project approved by him.
As for when this situation will end, either he was promoted or the current situation begins to change for the better, otherwise don't expect anything to change in the short term.
"All this ... before," Lynch took a drag on his cigarette and looked at him.
Joe Gleeman shook his head, "All this has already been reported to the branch and headquarters, it's in the past, so if you have any needs, it's best to address them now while I'm still somewhat useful, and if there's nothing I can do about it later."
He laughed a little to himself as he spoke, but there was nothing he could do about it, going from lukewarm to number one in performance in a little over two months, there would be people inside and outside the system who would think he had used irregularities.
After all, even the headquarters board of directors have been talking about his name, and even some people have suggested that he can not follow the standard go through the process after the branch and the headquarters of the work experience and then go down to the local region to become a bank president, you can observe two years after the local regional branch bank on the direct transfer of the bank directly to the bank presidency, how can you tell people not to be jealous to madness?
This not only saves seven, eight or ten years of time, but also saves these years in interpersonal relations and the last "test" link, someone reported him is obviously a very normal thing.
Some people are like that, they are rotten and shit, but also can not see others to become better.