Chapter 843: Island Country Funding to Rescue the Market (Part 2)
Hiding his doubts and excitement, David said calmly: "Our stock market has some problems, but we believe it can be stabilized. Now, you require that you invest $100 billion in our stock market. So, what are your requirements?"
As a diplomat, David is certainly not naive enough to think that saying a few words like "Long live friendship" will eliminate the barriers. There are naked interests between countries.
"Of course, we have some requests. For example, we hope that you can remove those unfair treatments and restore them to the previous state, and restore our tariffs to a normal level." Shigenobu Fusako said: "In fact, mutual trade between us is beneficial to both sides."
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After the new government of the island nation was established, the United States began to target the island nation's government with a package of measures such as raising tariffs, in an attempt to strangle the island nation's economy. However, the island nation's economy continued to grow healthily, while the US economy was ruined.
Now, Fusako Shigenobu proposed that the tariffs on both sides be restored to normal levels and that bilateral trade continue. This is also beneficial to the United States now. After all, the U.S. manufacturing industry is finished and the United States also needs cheap goods. Although in the long run this is not conducive to the U.S. economic recovery, it can at least save the situation now.
Moreover, $100 billion in funds! If these funds enter the US stock market, the US stock market will be stabilized and the US will be able to survive this crisis!
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"Is this the only condition?" David asked. The conditions were relatively loose and he believed the White House would be interested.
"Of course, this is not the only one." Fusako Shigenobu said, "This is a condition for our initial investment. We don't want our funds to go to waste when they enter the market. So, we hope that the United States can end this war and focus all its attention on people's livelihood and work hard to restore the economy, rather than this war that has nothing to do with the United States. If the United States can do this and the U.S. economy begins to recover, we can continue to make additional investments. We expect to eventually invest about $500 billion in the United States."
End the war! Hearing this, David was a little unhappy. What is this? Is it a blatant interference in the internal affairs of the United States? It should be! However, this request seems to be somewhat reasonable. From the perspective of an investor, of course, he hopes that the US economy will improve, not continue to deteriorate. Moreover, the subsequent investment will continue to increase, with a total investment of about 500 billion US dollars. For the current United States, the temptation is indeed great!
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"Okay, I will convey your requests to the White House." David said calmly.
………
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The Oval Table meeting at the White House lasted for a full twenty-four hours. When dawn broke in the east, the stock exchange continued to operate. As a result, just like yesterday, the stock market was still falling!
Everyone knows that the US economy is about to face a cold winter! The US government has an unshirkable responsibility for this! Thinking of the solemn words he made when he took office, Reagan felt that it was too difficult to be the president of the United States.
"Now, we must work hard to save our economy," said Treasury Secretary Donald Thomas Regan. "If our economy collapses, we will be even less able to maintain our great power status and the current world order. In the House of Representatives, some members have proposed reducing our military spending and retiring several aircraft carriers. At the same time, the construction of new aircraft carriers has also been suspended until our economy improves."
Retire aircraft carriers! Stop building new aircraft carriers to reduce military spending! Upon hearing this, not only the Secretary of Defense was dissatisfied, but even Vice President Bush immediately expressed his anger: "This is killing our army! This is completely destroying our status as a great power! Now, we should develop our military and use our military to serve the economy! If our aircraft carriers are reduced, we will be like the British Navy, from the British Empire to a third-rate country that can't even win an ocean war!"
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To Bush, this is simply intolerable. The United States is actually going to reduce its own aircraft carrier fleet? This is a complete act of killing the goose that lays the golden eggs!
"But what use can our aircraft carriers have now? The Soviet anti-ship ballistic missiles have suppressed us. Even if our aircraft carrier formation proceeds according to the original plan, it is impossible for it to sail within a radius of one thousand kilometers around the Falkland Islands." Secretary of State George spoke in a low voice because he knew that Bush would be furious after he said this.
However, this is the reality! The Soviets have developed anti-ship ballistic missiles, and the US aircraft carrier fleet now dares not risk entering within a thousand kilometers. After all, the Americans have no means of interception and cannot accept the risk of continuing to lose aircraft carriers. Therefore, the Americans will not hesitate to launch a nuclear war.
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However, the Soviets have already deployed weapons in outer space. Under such circumstances, the Americans dare not even start a nuclear war. The United States is afraid of the consequences and now has no way to deal with it! And aircraft carriers have become a kind of chicken ribs!
Unexpectedly, after saying this, Bush Sr. did not immediately become furious and severely criticize George's argument. Bush Sr.'s eyes were full of anger, his hands seemed to be shaking, and no one knew what was going on in his mind.
Reagan remained silent. Now, they were faced with an unsolvable problem. The war in the Falklands could not be continued for the time being and the economy had also suffered a severe blow. Was the only way to solve it by starting a war?
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"President, President!" At this moment, White House Chief of Staff James Baker walked in from outside and said, "Good news, good news, we have found the funds to rescue the market!"
Save the market! The stock market crashed because people lost confidence in the stock market. All the funds left the stock market, leading to the stock market crash. Therefore, if you want to save the stock market, you need to invest a lot of money into the market and raise the stock market index again. When people have confidence and continue to put money in the stock market, the stock market will continue to develop healthily.
Funds, mainly funds! The United States, which has always been rich, can't find the funds to save the market! You know, the US treasury has long been empty!
Of course, printing money directly is the simplest, but the consequences of printing money directly are also the most serious. Now, dollars from all over the world are flowing back to the United States. If the United States continues to issue more money at this time, it is simply seeking death!
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Have they found the funds to rescue the market? Everyone's eyes lit up, and Treasury Secretary Donald's eyes sparkled: "Are those guys in Western Europe willing to provide us with financial support?"
"It's not Western Europe, it's the island countries. The island countries plan to provide a total of 500 billion US dollars to help us through this crisis," said James.