Rebirth: Super Banking System - Chapter 2546 - 2384: Slapping the Euro’s Face
Chapter 2546: Chapter 2384: Slapping the Euro’s Face
During the Spring Festival in Huaxia.
Europe.
The Eurozone once again attempted to divert attention, accusing the Asia Dollar of excessive issuance, surpassing its credit value. They called for everyone to be vigilant and return to the embrace of the Euro.
At first.
Many people responded.
However.
On the third day.
On January 29th, the Myanmar Central Bank issued an announcement—Myanmar Central Bank’s gold reserves have increased to 4,700 tons and will continue to increase this year.
In an instant.
The whole world was silent!
Everyone was shocked by Myanmar’s bold move.
…
Eurozone.
Each country.
They were stunned for a moment, what’s going on? Throwing gold without a word, do they have to be so extravagant? But they quickly found a reason and immediately counterattacked.
“There’s something wrong, Myanmar is likely using the gold meant for gold bonds payment to temporarily boost the central bank’s gold reserves.”
“Fake!”
“Immoral, Myanmar’s true face.”
“Swindler.”
“…”
At first glance.
Many people thought it made sense, where did they get so much gold, and raised doubts.
However.
Within two days, Myanmar announced the issuance of another 300 billion Asia Dollar gold bonds. Furthermore, the first two batches of gold bonds could be exchanged for gold in advance as agreed.
Seeing this!
Many people were so shocked they were speechless.
Damn!
Isn’t this terrifying, 600 billion Asia Dollar’s worth of gold bonds, according to previous agreements, represents a delivery of over 1,600 tons of gold.
In theory.
The delivery is three years later.
Now.
You tell me it’s no problem to deliver it all at once. This is… mind-blowing. Because this means Myanmar could take out 1,600 tons of gold at any time.
Without using the central bank reserves.
“Is that possible?”
“It must be fake.”
“It shouldn’t be fake, Myanmar hasn’t gone crazy.”
“Gee!”
“That’s over 1,600 tons of gold! For heaven’s sake, where did they dig it out from? Even that undersea mine only produces 700 tons a year.”
“…”
A global heated discussion ensued.
…
Seeing this situation, many bondholders were tempted. The first one-year term gold bond has less than a year left before it can be exchanged for gold.
More than a year and a half for the second term.
Now.
It can be converted into gold at once, naturally making people happy. Countries that originally did not intend to speculate but just purchased, all wrote to Myanmar.
Asking if they could exchange for gold.
Then.
The Myanmar side gave a positive response: From February 5th, they will start accepting exchange requests, and countries can directly schedule airplanes to pick up goods in the capital.
Immediately.
Public opinion exploded.
“Holy shit! It really is possible, no limit.”
“God!”
“The Euro is dumbfounded, questioning others, directly slapping their face. You can never imagine how much gold Myanmar is hiding; the Asia Dollar has full confidence.”
“The Euro tried to divert attention, it succeeded, and it also failed.”
“…”
Incredible that Myanmar was so straightforward, meaning a week later, people could just go and move it, incredible. Eurozone countries almost spat blood.
Because.
At this moment, they have become clowns.
Question?
They were immediately slapped in the face, not only dealing a blow to the Euro but also making the Asia Dollar gain more presence. Trying to steal a chicken, but ending up losing a handful of rice instead.
At this moment.
Really wanted to find a hole to crawl into.
…
The United States.
The consortiums saw it.
And were envious.
Once again, someone shouted about hijacking Myanmar, but it was suppressed again. These days the DuPont consortium has been communicating with Japan, supporting Asia Dollar trade.
Indeed.
They agreed.
But acted very slowly and reluctantly. Seeing Myanmar with so much gold, Japan over there raised a request: they want gold.
They need Myanmar to sell some gold as leverage.
Previously.
The first batch.
The second batch.
Japan bought quite a bit of gold bonds, but only over two hundred tons. They wanted more; as it seems, only Myanmar has it.
Thus.
They contacted Gitti.
“How much gold does Myanmar really have?”
“A lot.”
“…”
“This time, Japan wants to buy more. In this way, they should be more attentive in their work; there should be no problem on your side, right.”
“No problem.”
After receiving instructions, Gitti immediately agreed, “By the end of this year, we can sell 300 tons, and if the cooperation is good, it can double next year.”
Saying this.
Gitti was also slightly surprised. It always felt like the organization’s gold was easy to obtain. But this had nothing to do with her; she just followed orders.
“Great, in this way, we can be more cooperative.”
“Straightforward.”
“Gold transactions can only be paid with Asia Dollar,” Gitti added.
“Of course.”
The consortiums were pleased, benefitting multiple parties.
…
Japan.
Waiting for the news, good news arrived.
“Three hundred tons? Wonderful.”
Initially.
The pressure from the consortium made them very unhappy, and Myanmar’s news came at just the right time, allowing them to find conditions to balance their displeasure.
Gold.
Japan was in much need.
A small amount was useless.
But several hundred tons were different, as they were not only stable wealth but also the cornerstone of currency confidence. Theoretically, their technology is enough to ensure currency confidence.
However.
Afraid of getting into the pit, lacking a sense of security.
Therefore.
As long as they can obtain gold, giving up some payment shares is not a big deal. Especially thinking about possibly having 600 tons of gold next year.
Even more delighted.
It seems.
This cooperation is very good.
“Since that’s the case, let’s cooperate a bit. For next year’s 600 tons of gold, it will require a lot of Asia Dollars, just earn it to pay.”
“You’re right.”
“As for the Euro and Asia Dollar dispute, it’s also okay; we can’t beat the Euro, but it’s satisfying to annoy it.”
“Haha.”
“Anyway, with the nod from American consortiums, we’re not afraid of France and Germany. Really don’t know where Myanmar dug their gold; it feels like picking it up casually by the roadside.”
“Alas!”
“Why don’t we have such big gold mines.”
“…”
The total amount of gold in Myanmar has always been a mystery, as for an oversupply causing large depreciation? They weren’t too worried, as historically, natural currency.
Even if it overflows.
So what?
The credit is there, not to mention much of it is purchased by countries, as central bank reserves, and even if traded, it circulates between national authorities.
It won’t enter the local economy.
Therefore.
More gold hitting the market doesn’t affect the gold price? No one worries; if individuals still have investment needs, nations do not, whether it drops by half or doubles.
They don’t care, what they care about is having the gold in hand.
Selling it.
It’s not easy to buy tons back again.
…
Why the early settlement? It’s not solely to slap the Euro but also to boost the Asia Dollar’s share. Only when transactions are completed are they effective.
Gold bonds.
Strictly speaking, belong to financial transactions. Someone gave you money, but you haven’t given them the goods. Now, if the first two batches of gold are settled.
It’s a payment volume of 600 billion.
Tang Qing feels.
It’s even possible that before the Euro disintegrates, the Asia Dollar may surpass it.
