The Third Reich: I Became Emperor

After obtaining Gibraltar, Augustus was not too happy. He would only be able to relax when he had the entire Mediterranean in his hands.

"Your Majesty, the British Empire's economy is on the verge of collapse, and a large number of pounds have become waste paper."The Minister of Economy, Speer, holding a report, said worriedly.

Hearing this, August was not too surprised, but asked:

"How many tons of gold does the Royal Bank of Scotland have now?"

"There is not a gram of gold left. It was all taken away by Fatty Qiu and his men." Speer shook his head and said

"It seems that the current pound is indeed unable to support its value."August said.

The issuance of any currency requires reserves, and the most suitable reserve is gold. Of course, there are countries that use credit as the basis.

However, the exchange rate can be stabilized in peacetime, but it will plummet in wartime. It is still the most stable to use gold as a reserve.

However, now that the gold reserves are gone, if the currency continues to be issued, the result will definitely be currency depreciation, inflation, and complaints from the people.

"Yes!" Speer nodded.

"It seems that the economy of the British Isles has indeed reached the brink of collapse, and George VI has indeed committed unforgivable crimes against the British Empire."August said with narrowed eyes.

To be honest, he was still very envious of the gold of the Royal Bank of Scotland, at least several thousand tons. During this period, he spent more than a hundred tons of gold on buying and selling arms.

Although more than a hundred tons of gold seemed to be a lot, the effect was still very good. At least the current situation was maintained by the arms purchased with gold.

Therefore, if he wanted to turn the tables, he must need a large amount of gold, and the gold of the Royal Bank of Scotland was what he coveted the most.

Back to the topic, August thought for a while, and immediately threw out the plan he had prepared long ago:"In this case, then, in order to save the economy of the British Isles, I have a proposal to integrate the entire Europe and issue a common currency. This currency is called the euro, which is the currency of all of us Europeans."

Economic unification is imminent. It is obviously not conducive to managing the economy of the entire Europe for each country to develop its own economy. The Third Reich needs to integrate all countries together.

The basis of all this is a unified currency.

Euro. Everyone was stunned when they heard the word. Speer asked quickly:"Then what about our current currency?"

It is very difficult for one currency to replace another, especially for a currency like the British pound, which has been circulated in many countries in the world and is a global currency.

Now a new currency is to be issued to replace the British pound. If things go wrong, the entire world economy will be in chaos. Even Speer, the Minister of Economy, is afraid.

"Our currency will be abolished. There will be no more pounds, marks, francs, etc., only euros. August explained:"What's more, the treasury of the British Empire is empty at this time, without a gram of gold. No matter how many pounds they issue, they cannot be exchanged. Once a country with abundant pound reserves asks to exchange for gold, what will happen? You all know it well."

"By that time, the economy of the entire British Isles will completely collapse, and we, as their allies, must rescue them, but in that case, we will lose our own reserves. Don't you understand this account?"

August said a lot in a row. The core is that if someone maliciously exchanges gold, the pound will instantly become waste paper, and the economy will be completely destroyed, which will definitely drive people crazy.

The situation that has been hard to create may be gone in an instant. Who will bear the responsibility then?

Hearing this, Speer fell into deep thought. August was right. The pound without gold is worthless, but if the euro is issued, gold is also needed as a reserve, but the British Empire still has no gold.

"If a new currency is issued, how will the British Empire's reserves be solved?"Speer asked curiously.

"It's very simple.

I plan to use the Imperial Bank, the Bank of France, and the Royal Bank of Scotland as the issuing banks of currency.

As for the required reserves, they will be the reserves of the Imperial Bank and the Bank of France.

There are about 10,000 tons of gold, which is enough for our initial issuance needs.

"August explained:"As long as we can complete the transition from the original currency to the euro within a month, the rest will be easy to solve.

Banks in various countries still have a lot of gold, which adds up to about 7,000 to 8,000 tons.

Nearly 20,000 tons of gold is enough to deal with any crisis.

"

Only power can complete the transition of currency in the fastest time. If it is peacetime, I don't know how much trouble it will take.

So now what August says is the most effective. If he says transition, then transition. If he says abolition, then deactivate. If it expires, sorry, the currency will automatically become waste paper.

"This is a huge project." Speer said with emotion

"Once completed, we will be the heroes of the empire, and future generations will remember this day."August said with a smile

"Your Majesty, I have another question. What should we do if other countries take their foreign exchange reserves and ask us to exchange them?"Speer asked.

After all, the pound is still a universal currency in the world. Once they know that the pound has been abolished, there will definitely be many countries that will ask for exchange, which will bring huge pressure.

But there is also an advantage, that is, the euro can be circulated around the world as soon as possible.

"This is indeed a problem. August nodded, frowned and said,"It's very simple. Let them all declare to join us, so that they can exchange. Otherwise, they will all be rejected."

In fact, this is a conspiracy, which is easy to understand.���The British Empire has been divided into two, and the value of the British pound will surely plummet.

Those countries that reserve a large amount of pounds will definitely not watch their foreign exchange reserves become waste paper, and will definitely find ways to exchange them for gold or even useful materials.

August's advice is to stand in line. Those who choose to join the Third Reich will have their pounds exchanged, otherwise they will be refused.

This will force many countries to join the war and prevent the Third Reich from fighting alone.

Then there is another problem, that is, America's allies, many of whom are allies of the British Empire, and their foreign exchange reserves are all pounds.

Now that the pound has been abolished, who will bear their losses? If not, the citizens of various countries will definitely not do it.

At that time, perhaps many countries will choose to withdraw, and then America will definitely come forward and use US dollars to recover these pounds.

In the end, all these losses will be borne by America, but there is also a benefit, that is, the influence of the US dollar will instantly expand several times.

This is an open conspiracy. It depends on whether America is willing to eat this bitter fruit. August guessed that 90% of them will definitely eat it.

No matter who wins in the end, the pound will become a thing of the past. It is impossible for the British Empire to restore its former glory. It will only become a third-rate country.

There is a saying that whoever controls the right to issue currency controls the world.

Although it is called the euro, it is actually based on the mark. After all, as the Third Reich continues to win, Berlin will become the center of the world, and the Reich Mark will become the world currency.

It was only renamed the euro to win over other countries, and the purpose is also to increase the sense of belonging.

Although it was issued by three banks together, the Imperial Bank still has the real power to print. Although the other two banks can also print, they will be supervised by the Third Reich.

Through the popularity of the euro, the Third Reich will completely control the economy of the entire Taixi State, accelerate integration, and eventually transform into a strong industrial capacity to completely win the war.

The most obvious performance is a few small countries, among which the Netherlands is a typical representative. At first they refused, but seeing that the British Empire was divided into two and surrendered, they no longer insisted, took the initiative to join, and took the lead in using the euro.

Other countries also began to circulate the euro. The economy, which was originally somewhat sluggish, actually rose by several percentage points, because people could use their money to buy goods in various countries, and no longer had to worry about the exchange rate.

With the circulation of the euro, other industries also began to loosen up. The first to loosen up were the borders of various countries. The blockades were cancelled, and as long as you hold a unified passport, you can travel to various countries.

The roads of various countries also began to connect, and you can travel around the world in one car without changing roads. Railway lines also began to connect, and the circulation of goods in various places accelerated, the living standards of the people improved, and satisfaction soared.

There are naturally beneficiaries and there are also heavy losses. Those countries that hold pounds and remain neutral are the worst. Almost instantly, the pounds in their hands have become a pile of waste paper.

Some ambassadors of some countries found Fatty Qiu, but Fatty Qiu is now having a headache about setting up the defense line and has no intention of taking care of this matter.

Now all the countries are furious. These pounds are all exchanged for real gold and silver. How can they accept it just to become a pile of waste paper? One by one, they shouted that if they were not exchanged for gold or even resources of equal value, they would immediately declare to join the Third Reich.

Originally, it was just a small country with a population of only about 10 million. When it announced its joining the Third Reich, Fatty Qiu didn't care.

A small country could be destroyed by any army, but when more countries joined, Fatty Qiu panicked and called President Luo Quezi on the other side of the strait.

The meaning was obvious. If this matter was not resolved, they would also announce their withdrawal from the war. In order to continue to fool the British Empire into fighting, Luo Quezi decided to eat this bitter fruit.

""Asshole, you're forcing us to use real money to buy this pile of waste paper." An aide shouted angrily.

Although after so many years of fighting, the United States' gold reserves have long exceeded 10,000 tons, and its economic and industrial capabilities are the best in the world, there are almost tens of billions of pounds sterling scattered abroad. If all of this is exchanged, it will be a heavy blow to their economy.

After all, they spent real money, but what they got back was a pile of waste paper, which is too hard to use even when going to the toilet.

"If we don't buy them, those countries will all turn to the Third Reich, which will be very disadvantageous to us."Another staff member said helplessly.

"This is an open conspiracy. If we don't accept it, these countries will definitely lean on the Third Reich to protect their own interests. At that time, their resources will definitely flow into Germany. At that time, the German army will be stronger, and it will be difficult to defeat them."Hull said with a grim expression.

"In fact, you only see the disadvantages, but not the advantages."Admiral Marshall, who had been silent all this time, suddenly spoke up.

"Our goal has always been to replace the British Empire and become the new world hegemon. Now this is an opportunity. Although we will lose tens of billions or even more, what we get is the legacy left by the British Empire. From now on, these pound zones will become dollar zones. The currency they circulate is our currency. We can print currency at will to obtain the resources we want."Admiral Marshall said excitedly.

Hearing this, many people took a breath. Many people didn't expect this. Yes, although they lost a sum of money, they got the legacy of the entire British Empire. This deal is very cost-effective.

"Mr. President, I think we should convene Congress and agree to exchange those pounds, but they need to announce that they will join us."An aide immediately stood up and flattered him.

"Seconded"

"I also second"

"I second the motion."

For a moment, everyone present seconded the motion. This suggestion was very vicious. From then on, their goal was half achieved.

"In this case, we should follow Admiral Marshall's instructions and agree to the exchange requests of various countries, but they must agree to our conditions. Luo Quezi made the final decision.

"yes!"

"I didn't expect that they would be so bold."After receiving the intelligence, August was also moved.

This is not something that can be solved with a few hundred million dollars, but tens of billions of dollars. Tens of billions of dollars in this era are almost equivalent to trillions of dollars in the future.

Of course, it is impossible to take out so much money at once. Even the rich America can't take it out. It just promised to exchange this batch of pounds for the weapons and equipment they need.

However, it can also exchange a small part of the money, but the amount is very small. Most of the agreements are still to exchange resources.

Once this trick came out, those countries that were clamoring were satisfied and no longer had any opinions.

"Hundreds of billions of dollars, what a huge sum of money." Speer couldn't help but sighed.

"How is the integration going? How many countries have agreed to join?" August asked

"Ninety percent of the countries have announced their participation, and only a few have not joined." Speer explained.

Hearing this, August frowned and asked,"Didn't you explain the pros and cons clearly?"

"Let me make it clear. They declared permanent neutrality and will not participate in any war."Speer said helplessly.

After all, the other party declared permanent neutrality, and you can't force them to join. This will only push them to the enemy.

"Since they have declared permanent neutrality, let them do as they please. August didn't care. It was enough for 90% of the countries to join.

"The next most important thing is that you must integrate the industrial capacity of all countries in the shortest possible time. The empire needs huge productivity."August said solemnly

"Please rest assured that I will complete it successfully." Speer said solemnly.