421: Chapter 420 Chaos Erupts in North America! The Three-Body Problem Spreads Its Religion!
Thinking back to the several urgent reports from the Supreme Council of the Pan-Huaxia United Convention Organization, Lin Mo also felt a bit of a headache.
"I believe Deputy Secretary-General Cao Tongguang can handle the vast majority of international affairs well."
"But there is one matter of great importance that might require you to step in personally."
Lin Mo pondered for a moment, then said to Chief Designer Bai Yannian.
"Chief Designer Bai, you should also be clear about the matter of Eagle Country's national debt repayment."
Upon hearing this, Chief Designer Bai Yannian showed a look of understanding.
The former world hegemon, Eagle Country, relied on the two commodity pillars of "petro-greenbacks" and "chip-greenbacks" to build its unique floating exchange rate monetary system across the world.
This notorious financial system was also known as "Eagle-Gold Hegemony."
Relying on the Eagle-Gold Hegemony, even if Eagle Country knew that its domestic financial inflation was high and that it had a massive fiscal deficit, it could still calmly adjust exchange rates, shift its own financial risks to other countries and regions, and plunder the wealth of people around the world.
It made other countries "pay the bill" for Eagle Country's prosperity, luxury, and extravagance.
This was also the key cornerstone that allowed Eagle Country to maintain its status as a world hegemon for so many years during the era of underdeveloped economies.
Of course, Eagle Country prided itself as the beacon of democracy for the world.
Even if it wanted to suck the blood of other countries, it had to keep up appearances.
Thus, Eagle Country's national debt came into being.
Relying on the "Eagle-Gold Hegemony," Eagle Country wantonly solicited national debt from countries around the world.
At one point, the scale of Eagle Country's national debt reached the level of quadrillions.
Afterwards, through unconventional monetary policies such as crazy interest rate hikes, dilution of equity, and suppression of returns, it repeatedly harvested the wealth of other countries during economic turmoil.
To put it simply, it was about constantly expanding the scale of Eagle debt, using new debt to pay off old debt, and robbing Peter to pay Paul.
It played out a typical game of "passing the parcel," which could be called the largest Ponzi scheme in the world.
Someone might naively ask, "Eagle Country owes so much debt to other countries; isn't it afraid of not being able to repay it in the future?"
Sorry to say, but from the fact that Eagle Country's debt scale had been growing larger for decades, its finance was always in deficit, and it couldn't make ends meet every year, it was clear that Eagle Country's political elites never intended to pay it back from the very beginning.
As for chasing debts... Heh!
The borrower is the grandson, while the debtor is the real master.
Besides, in the past, who would dare to ask for debt repayment from a hegemonic country?
If there really came a day in the future when the books couldn't be balanced, what would happen?
It was simple.
Just flip the table, and the books would naturally be balanced...
This set of rogue practices worked well in the past when Eagle Country was still the world hegemon.
But now, after the war, Eagle Country had disintegrated overnight and suddenly broken apart into fifty-five state-nations.
That was when the tricky problems arose.
Eagle Country previously had tens of billions in Eagle-Gold debt.
Was it just going to be written off like that?
In the past, Eagle Country was powerful, so everyone dared not vent their anger or go to their door.
Now, would they still be afraid of these small, dozens of state-nations?
The many creditor nations around the world didn't care whether Eagle Country was broken apart or not.
The money owed had to be repaid!
"The member states of the Huaxia United Organization were previously Eagle Country's largest creditors."
"They have already jointly submitted petitions to the Supreme Council over a dozen times, demanding that after Eagle Country's disintegration, all previous debts must be inherited by the fifty-five state-nations of North America."
"The specific debt inheritance ratio is to be determined by the North American states themselves."
"How could those newly appointed good-for-nothings in North America possibly resolve such a huge debt?"
"And I don't know which idiot came up with the idea of actually wanting to shift it onto the local citizens."
421: Chapter 420 Chaos Erupts in North America! The Three-Body Problem Spreads Its Religion!
Thinking back to the several urgent reports from the Supreme Council of the Pan-Huaxia United Convention Organization, Lin Mo also felt a bit of a headache.
"I believe Deputy Secretary-General Cao Tongguang can handle the vast majority of international affairs well."
"But there is one matter of great importance that might require you to step in personally."
Lin Mo pondered for a moment, then said to Chief Designer Bai Yannian.
"Chief Designer Bai, you should also be clear about the matter of Eagle Country's national debt repayment."
Upon hearing this, Chief Designer Bai Yannian showed a look of understanding.
The former world hegemon, Eagle Country, relied on the two commodity pillars of "petro-greenbacks" and "chip-greenbacks" to build its unique floating exchange rate monetary system across the world.
This notorious financial system was also known as "Eagle-Gold Hegemony."
Relying on the Eagle-Gold Hegemony, even if Eagle Country knew that its domestic financial inflation was high and that it had a massive fiscal deficit, it could still calmly adjust exchange rates, shift its own financial risks to other countries and regions, and plunder the wealth of people around the world.
It made other countries "pay the bill" for Eagle Country's prosperity, luxury, and extravagance.
This was also the key cornerstone that allowed Eagle Country to maintain its status as a world hegemon for so many years during the era of underdeveloped economies.
Of course, Eagle Country prided itself as the beacon of democracy for the world.
Even if it wanted to suck the blood of other countries, it had to keep up appearances.
Thus, Eagle Country's national debt came into being.
Relying on the "Eagle-Gold Hegemony," Eagle Country wantonly solicited national debt from countries around the world.
At one point, the scale of Eagle Country's national debt reached the level of quadrillions.
Afterwards, through unconventional monetary policies such as crazy interest rate hikes, dilution of equity, and suppression of returns, it repeatedly harvested the wealth of other countries during economic turmoil.
To put it simply, it was about constantly expanding the scale of Eagle debt, using new debt to pay off old debt, and robbing Peter to pay Paul.
It played out a typical game of "passing the parcel," which could be called the largest Ponzi scheme in the world.
Someone might naively ask, "Eagle Country owes so much debt to other countries; isn't it afraid of not being able to repay it in the future?"
Sorry to say, but from the fact that Eagle Country's debt scale had been growing larger for decades, its finance was always in deficit, and it couldn't make ends meet every year, it was clear that Eagle Country's political elites never intended to pay it back from the very beginning.
As for chasing debts... Heh!
The borrower is the grandson, while the debtor is the real master.
Besides, in the past, who would dare to ask for debt repayment from a hegemonic country?
If there really came a day in the future when the books couldn't be balanced, what would happen?
It was simple.
Just flip the table, and the books would naturally be balanced...
This set of rogue practices worked well in the past when Eagle Country was still the world hegemon.
But now, after the war, Eagle Country had disintegrated overnight and suddenly broken apart into fifty-five state-nations.
That was when the tricky problems arose.
Eagle Country previously had tens of billions in Eagle-Gold debt.
Was it just going to be written off like that?
In the past, Eagle Country was powerful, so everyone dared not vent their anger or go to their door.
Now, would they still be afraid of these small, dozens of state-nations?
The many creditor nations around the world didn't care whether Eagle Country was broken apart or not.
The money owed had to be repaid!
"The member states of the Huaxia United Organization were previously Eagle Country's largest creditors."
"They have already jointly submitted petitions to the Supreme Council over a dozen times, demanding that after Eagle Country's disintegration, all previous debts must be inherited by the fifty-five state-nations of North America."
"The specific debt inheritance ratio is to be determined by the North American states themselves."
"How could those newly appointed good-for-nothings in North America possibly resolve such a huge debt?"
"And I don't know which idiot came up with the idea of actually wanting to shift it onto the local citizens."
421: Chapter 420 Chaos Erupts in North America! The Three-Body Problem Spreads Its Religion!
Thinking back to the several urgent reports from the Supreme Council of the Pan-Huaxia United Convention Organization, Lin Mo also felt a bit of a headache.
"I believe Deputy Secretary-General Cao Tongguang can handle the vast majority of international affairs well."
"But there is one matter of great importance that might require you to step in personally."
Lin Mo pondered for a moment, then said to Chief Designer Bai Yannian.
"Chief Designer Bai, you should also be clear about the matter of Eagle Country's national debt repayment."
Upon hearing this, Chief Designer Bai Yannian showed a look of understanding.
The former world hegemon, Eagle Country, relied on the two commodity pillars of "petro-greenbacks" and "chip-greenbacks" to build its unique floating exchange rate monetary system across the world.
This notorious financial system was also known as "Eagle-Gold Hegemony."
Relying on the Eagle-Gold Hegemony, even if Eagle Country knew that its domestic financial inflation was high and that it had a massive fiscal deficit, it could still calmly adjust exchange rates, shift its own financial risks to other countries and regions, and plunder the wealth of people around the world.
It made other countries "pay the bill" for Eagle Country's prosperity, luxury, and extravagance.
This was also the key cornerstone that allowed Eagle Country to maintain its status as a world hegemon for so many years during the era of underdeveloped economies.
Of course, Eagle Country prided itself as the beacon of democracy for the world.
Even if it wanted to suck the blood of other countries, it had to keep up appearances.
Thus, Eagle Country's national debt came into being.
Relying on the "Eagle-Gold Hegemony," Eagle Country wantonly solicited national debt from countries around the world.
At one point, the scale of Eagle Country's national debt reached the level of quadrillions.
Afterwards, through unconventional monetary policies such as crazy interest rate hikes, dilution of equity, and suppression of returns, it repeatedly harvested the wealth of other countries during economic turmoil.
To put it simply, it was about constantly expanding the scale of Eagle debt, using new debt to pay off old debt, and robbing Peter to pay Paul.
It played out a typical game of "passing the parcel," which could be called the largest Ponzi scheme in the world.
Someone might naively ask, "Eagle Country owes so much debt to other countries; isn't it afraid of not being able to repay it in the future?"
Sorry to say, but from the fact that Eagle Country's debt scale had been growing larger for decades, its finance was always in deficit, and it couldn't make ends meet every year, it was clear that Eagle Country's political elites never intended to pay it back from the very beginning.
As for chasing debts... Heh!
The borrower is the grandson, while the debtor is the real master.
Besides, in the past, who would dare to ask for debt repayment from a hegemonic country?
If there really came a day in the future when the books couldn't be balanced, what would happen?
It was simple.
Just flip the table, and the books would naturally be balanced...
This set of rogue practices worked well in the past when Eagle Country was still the world hegemon.
But now, after the war, Eagle Country had disintegrated overnight and suddenly broken apart into fifty-five state-nations.
That was when the tricky problems arose.
Eagle Country previously had tens of billions in Eagle-Gold debt.
Was it just going to be written off like that?
In the past, Eagle Country was powerful, so everyone dared not vent their anger or go to their door.
Now, would they still be afraid of these small, dozens of state-nations?
The many creditor nations around the world didn't care whether Eagle Country was broken apart or not.
The money owed had to be repaid!
"The member states of the Huaxia United Organization were previously Eagle Country's largest creditors."
"They have already jointly submitted petitions to the Supreme Council over a dozen times, demanding that after Eagle Country's disintegration, all previous debts must be inherited by the fifty-five state-nations of North America."
"The specific debt inheritance ratio is to be determined by the North American states themselves."
"How could those newly appointed good-for-nothings in North America possibly resolve such a huge debt?"
"And I don't know which idiot came up with the idea of actually wanting to shift it onto the local citizens."
421: Chapter 420 Chaos Erupts in North America! The Three-Body Problem Spreads Its Religion!
Thinking back to the several urgent reports from the Supreme Council of the Pan-Huaxia United Convention Organization, Lin Mo also felt a bit of a headache.
"I believe Deputy Secretary-General Cao Tongguang can handle the vast majority of international affairs well."
"But there is one matter of great importance that might require you to step in personally."
Lin Mo pondered for a moment, then said to Chief Designer Bai Yannian.
"Chief Designer Bai, you should also be clear about the matter of Eagle Country's national debt repayment."
Upon hearing this, Chief Designer Bai Yannian showed a look of understanding.
The former world hegemon, Eagle Country, relied on the two commodity pillars of "petro-greenbacks" and "chip-greenbacks" to build its unique floating exchange rate monetary system across the world.
This notorious financial system was also known as "Eagle-Gold Hegemony."
Relying on the Eagle-Gold Hegemony, even if Eagle Country knew that its domestic financial inflation was high and that it had a massive fiscal deficit, it could still calmly adjust exchange rates, shift its own financial risks to other countries and regions, and plunder the wealth of people around the world.
It made other countries "pay the bill" for Eagle Country's prosperity, luxury, and extravagance.
This was also the key cornerstone that allowed Eagle Country to maintain its status as a world hegemon for so many years during the era of underdeveloped economies.
Of course, Eagle Country prided itself as the beacon of democracy for the world.
Even if it wanted to suck the blood of other countries, it had to keep up appearances.
Thus, Eagle Country's national debt came into being.
Relying on the "Eagle-Gold Hegemony," Eagle Country wantonly solicited national debt from countries around the world.
At one point, the scale of Eagle Country's national debt reached the level of quadrillions.
Afterwards, through unconventional monetary policies such as crazy interest rate hikes, dilution of equity, and suppression of returns, it repeatedly harvested the wealth of other countries during economic turmoil.
To put it simply, it was about constantly expanding the scale of Eagle debt, using new debt to pay off old debt, and robbing Peter to pay Paul.
It played out a typical game of "passing the parcel," which could be called the largest Ponzi scheme in the world.
Someone might naively ask, "Eagle Country owes so much debt to other countries; isn't it afraid of not being able to repay it in the future?"
Sorry to say, but from the fact that Eagle Country's debt scale had been growing larger for decades, its finance was always in deficit, and it couldn't make ends meet every year, it was clear that Eagle Country's political elites never intended to pay it back from the very beginning.
As for chasing debts... Heh!
The borrower is the grandson, while the debtor is the real master.
Besides, in the past, who would dare to ask for debt repayment from a hegemonic country?
If there really came a day in the future when the books couldn't be balanced, what would happen?
It was simple.
Just flip the table, and the books would naturally be balanced...
This set of rogue practices worked well in the past when Eagle Country was still the world hegemon.
But now, after the war, Eagle Country had disintegrated overnight and suddenly broken apart into fifty-five state-nations.
That was when the tricky problems arose.
Eagle Country previously had tens of billions in Eagle-Gold debt.
Was it just going to be written off like that?
In the past, Eagle Country was powerful, so everyone dared not vent their anger or go to their door.
Now, would they still be afraid of these small, dozens of state-nations?
The many creditor nations around the world didn't care whether Eagle Country was broken apart or not.
The money owed had to be repaid!
"The member states of the Huaxia United Organization were previously Eagle Country's largest creditors."
"They have already jointly submitted petitions to the Supreme Council over a dozen times, demanding that after Eagle Country's disintegration, all previous debts must be inherited by the fifty-five state-nations of North America."
"The specific debt inheritance ratio is to be determined by the North American states themselves."
"How could those newly appointed good-for-nothings in North America possibly resolve such a huge debt?"
"And I don't know which idiot came up with the idea of actually wanting to shift it onto the local citizens."