"Mr. President, we're in a lot of trouble at the moment …"
The president's chief of staff glanced at the report in his hand awkwardly. "This time, the victorious alliance refused to cash in our war bonds on the grounds that they don't have enough funds at the moment. The defeated countries said that they need time. It may take a few months."
The president's grim expression eased a little. He felt that this was good news. "A few months?
That's not a problem. As long as they're willing to cash in, it's not a problem! "
However, the chief of staff was obviously not as happy as the president. He forced a smile and said, "But according to some of the intelligence we received, the defeated core countries are printing more money to cope with their current difficult financial situation."
The president's expression became serious again, even a little resentful. Obviously, he understood the meaning of this sentence. No one knew better than him the series of changes caused by printing more money. There was no doubt that these defeated countries were planning to renege on their debt, but their method was not the same as the victorious countries.
Assuming that the Bayer Federation bought 10 billion bonds of the defeated countries, and the defeated countries' currency was equivalent to the Federation's sol before this, then after the war, the defeated countries would cash in these bonds according to the standard when the war bonds were issued. For example, they would cash in 20 billion Federation sols or some other number of the defeated countries' currency.
However, now that the defeated countries were printing more money, this was bound to cause the value of the defeated countries' currency in the international currency market to plummet. Along with the "defeated" countries, the value of the defeated countries' currency, which was one to one with the Federation's sol, would become a hundred to one, or even a thousand to one under all kinds of negative news and inflation.
By the time the money was worthless, the value of the 10 billion bonds might not even be one million Federation sols!
The victorious countries could refuse to cash in, but the defeated countries also had their own ways to avoid more losses. For a moment, this gave the president and his cabinet a headache.
In fact, this was not the most terrible thing. They received news that some of the victorious countries' war bonds had already been cashed in. Some small countries that had made their stand in the world war but had not been on the frontlines of the war had been cashed in immediately.
If no one fulfilled their promise, the Federation government could say that it might have something to do with the situation in the alliance. They couldn't come up with so much money in such a short time. After all, the compensation for the deaths of millions of people was enough to give them a headache for a while, not to mention the various damaged cities.
However, they only fulfilled a part of it, which made the Baylor Federation's international status very awkward. This gave people a very intuitive feeling that the Baylor Federation was being targeted.
With such a comparison, the situation in the Federation was likely to take a turn for the worse. What was worse was that all of this was because of the conservative party's policy of isolation. Once someone thought that the president's policy had caused the current situation, the conservative party and the president's cabinet would be under tremendous pressure.
The policy that they thought was most suitable for the Federation in the international community would also become the biggest mistake of the president's cabinet because of these international relations.
The people of the Federation, these people who enjoyed peace and quiet, would not understand the painstaking efforts of the president's cabinet. They were likely to turn around and blame the president's cabinet for the current terrible situation in the country. The unemployed would also blame the president's cabinet. It was their policy of isolation that made the Federation an "isolated island," which led to many of the current problems.
The will of the people was never stable. It was always changing to suit the selfish and narrow demands of the people.
Thinking of the countless people demonstrating outside the presidential palace, the president's head was about to explode. "Don't let this news leak out for the time being. In addition, let our diplomats continue to talk with them. Even if it's not all of them, as long as they express their stance, it's fine."
At this time, the minister of foreign affairs coughed softly. The president looked at him with some displeasure. He smiled bitterly and asked, "Mr. President, what position should we use to persuade them?"
With that one sentence, the displeasure on the president's face turned into a pained expression. Even he himself began to doubt whether the policy of isolation was the right one. Although it seemed good a few years ago, he was not so sure now.
The contents of the small meeting in the presidential palace quickly spread. In the Bailey Federation, the higher the level of the secret, the less of a secret it was. This situation was actually very common and very realistic.
Behind every official stood the possibility of a financial magnate or a big capitalist with different forces from the president's. These people's positions could be said to be the president's favorite, but more often than not, it was an agreement between some financial magnate, financial group, and big capitalist who were united together.
They helped the president win the election, so naturally, they would also push their own representatives into the president's cabinet.
They had already given the sweetest things to the core people. If they wanted some positions like minister, deputy minister, and so on, no one would object, right?
Therefore, no news in the cabinet could be hidden. Soon, some of the big financial groups realized these problems, but they tacitly did not launch their plans immediately. Instead, they began to cooperate with each other to adjust the industrial structure.
No one was allowed to take the lead. Many of the big financial groups had not withdrawn their pace yet. This would cause them to fall, so they also needed time to remove some unnecessary things from their bodies and wait for the starting gun to fire.
On Saturday afternoon, Lynch had to attend a small meeting organized by the Sabin City Hall. It was similar to a consultation meeting.
The city hall invited all the capable celebrities to discuss together how to change the current situation and where the city's way out was.
Naturally, this included Lynch, as well as bank staff like Joe Griman. Because of the unified request of the Bailey Federation's Ministry of Finance, the six major banks had begun to pilot a new business called "credit loans" to deal with the current situation.
Everyone received a credit score according to the social insurance they paid, their past performance in society, as well as their current real estate and various wealth. With this score, they could get different levels of unsecured credit loans from the bank.
The implementation of this policy was to help some unemployed people who were facing difficulties but had performed well in the past, and at the same time, some families with money to tide over the difficulties.
As for the homeless and the people who had nothing, they were not included in this plan.
Before the meeting, Lynch was talking to someone about his club. Kane had helped him find a more professional coaching team. They had begun to recruit new players, which made some people interested in the club again.
People liked to see flowers in full bloom. Of course, some people liked the buds that were about to bloom, but not many people wanted to know how many steps it took to grow from a seed to a flower. They only wanted to enjoy the results and were not willing to bear the process and responsibility. The same was true for rugby.
People actually hoped that their city had a professional sports team, whether it was rugby, baseball, or other sports. They also wanted to find a reason to take off their hats and wave them around when they watched these sports.
In the past, they were not willing to bear these responsibilities by themselves. But now, they could start to enjoy it, because someone had taken the trouble for them.
While Lin Qi was chatting with his friends about whether Saibin City Club would have a chance to participate in the professional league next year, Joe Griman walked to the side of the crowd and greeted everyone. Then, he looked at Lin Qi and asked, "Do you want a smoke?"
Lynch nodded. "Of course …" He then apologized to everyone. Then, he walked out of the conference room with Joe Griman and found an empty corner to smoke.
This was definitely not a meaningless "agreement." Both of them lit up their cigarettes. Jorriman looked around and whispered, "If you have anything you want to borrow, it's best to bring it before October. After October, the bank will raise the risk indicators and approval indicators. Many things won't be too easy."
The bank was definitely the most sensitive institution to policies, national forms, and international situations. They had more than one dedicated research lab to study these things related to the bank all day long.
After the news of the president's cabinet came out, the bank immediately came to a terrible conclusion. They requested that after the end of the third quarter, they should try their best not to approve loans, and all loan limits had to be lowered to ensure the safety of the bank's assets.
Joe Griman also received a separate notice that starting from the fourth quarter, the approval authority in his hands would begin to be monitored.
The reason why he was notified of this news alone was not that the bank branch did not trust him. It was just that he had already locked in this year's business awards in advance. The branch wanted him to be dealt with as soon as possible if he violated any rules. At the same time, some people would say strange things about him. Therefore, in order to reflect the principle of fairness, the branch would review the projects he approved starting from the fourth quarter.
As for when this situation would end, either he would be promoted, or the current situation would start to improve. Otherwise, there would be no change in a short period of time.
"In the past …" Lin Qi took a puff of his cigarette and looked at him.
Joe Griman shook his head. "These have been reported to the branch and the headquarters. It's in the past. So, if you have any needs, it's best to solve them now while I can still be of some use. I won't be able to help you in the future."
He was a little self-deprecating when he spoke, but there was nothing he could do about it. In just over two months, he had rushed to the top of the company's performance. People inside and outside the system would think that he had used illegal means.
After all, even someone on the board of directors at the headquarters mentioned his name. Some people even suggested that he could not follow the standard process. After working in the branch and the headquarters, he could be transferred to the local bank as the president. After two years of observation, he could directly transfer to the position of the local bank's director. How could people not go crazy with jealousy?
This would not only save seven or eight or ten years of time, but also save years of interpersonal relationships and the final "exam". It was obviously normal for someone to report him.
Some people were like this. They were mud, but they couldn't bear to see others doing well.