423: Chapter 422: Pandemic in North America

"First is deferment, second is loans."

Chief Designer Bai Yannian chuckled.

"The Pan-Huaxia Special Administrative Region in North America holds special jurisdiction over the fifty-five states of North America."

"Why not have the Pan-Huaxia Special Administrative Region in North America issue two Chief Executive orders?"

"First, implement a universal 'National Debt Tax' deferral policy in the North America region."

"For individuals with genuine financial difficulties, after verification and registration by the relevant approval departments of the North America Special Administrative Region government, the payment deadline for the National Debt Tax can be deferred by one year."

"If difficulties persist after one year, it can be extended for at most another year..."

"Second, implement a zero-interest mortgage loan policy for the various states of North America."

"The government finance departments of the fifty-five states of North America may apply for mortgage loans from the People's Bank of Pan-Huaxia using their national land or fixed assets as collateral."

"The loan term is at most two years..."

Lin Mo understood in an instant.

The massive old debts incurred by the Eagle in the past.

Not a single penny can be missing.

As for how the various states of North America want to raise the funds to pay their debts, that is their own domestic business; Pan-Huaxia cannot be bothered to care, nor does it want to.

Pan-Huaxia has only one bottom line.

That is, the North America region must maintain stability.

And now.

This foolish policy by those blockheaded politicians in the various states of North America will obviously cause turmoil in the North America region.

It will even cause extremely negative social impact, thereby leading to the collapse of the social structure.

Under the premise of not interfering in the internal affairs of other countries.

To maintain peace and stability in the North America region, the Pan-Huaxia Special Administrative Region in North America is exercising its authority to conduct a minimum level of intervention in the current policies of the subordinate states.

This is naturally a matter of course.

As for what happens if they still can't pay after two years?

What will be done then?

Chief Designer Bai Yannian and Lin Mo exchanged a glance.

They tacitly did not continue discussing this topic.

Their ulterior motives are known to everyone.

If the various states of North America can pay it back, then so be it.

If they cannot pay it back.

They also wouldn't mind if Pan-Huaxia's map of the Blue Planet added a few more North American exclaves, even if they are of little value.

...

Lin Mo, Chief Designer Bai Yannian, and their party.

Toured several key areas of the quantum industrial park.

And took the opportunity to meet with the heads of leading enterprises in the core tracks of the quantum industry.

The inspection work then came to an end.

"For the next few months, all my energy will be devoted to the research and development of the Jiuzhang Quantum Supercomputer project."

"Every day earlier counts."

Lin Mo looked at Chief Designer Bai Yannian.

"As for the Supreme Council of the Pan-Huaxia United Convention Organization, I will have to trouble Chief Designer Bai with that."

Chief Designer Bai Yannian smiled.

"What trouble?"

"Deputy Secretary-General Cao Tongguang has served as a diplomatic ambassador in North America for over a decade and has very rich experience in handling complex international issues."

"With him as my deputy, I am practically going on vacation!"

The next day.

Chief Designer Bai Yannian immediately rushed to Shanghai.

He headed to the newly built United Nations building located in the Pudong New Area.

It is also the current office location of the Supreme Council of the Pan-Huaxia United Convention Organization.

When Chief Designer Bai Yannian presented the countermeasure he and Lin Mo had agreed upon.

To Deputy Secretary-General Cao Tongguang, who is currently presiding over the daily affairs of the Supreme Council of the Pan-Huaxia United Convention Organization.

He discovered that the problem was no longer as simple as it had been a few days ago.

"Five days ago."

"The crazy laugh virus officially entered the pandemic stage in the North America region."

"The daily infection cases have reached the hundred-thousand level."

"Now, the various states of North America are experiencing a very serious run on medical resources."

"Ordinary people are completely unable to receive medical treatment normally."

"They can only choose some expensive private medical options."

In the round table conference room of the Supreme Council of the Pan-Huaxia United Convention Organization.

Deputy Secretary-General Cao Tongguang reported to Chief Designer Bai Yannian.

"Coupled with the inability to work due to the disease, the collection of the National Debt Tax by the various North American states, and the suspension of local bank credit, these major effects are all layered together."

"In order to obtain cash to make a living, working-class families are forced to sell their fixed assets at low prices."

"And are quickly falling back into poverty."

Chief Designer Bai Yannian frowned.

"At a time like this, the various states still want to collect the National Debt Tax?"

"Do they really not care if their own citizens live or die?"

Deputy Secretary-General Cao Tongguang was also suppressing his anger.

"It's those countries in the Pan-Chinese Union!"

"Seeing the pandemic in North America and the economies of the North American states on the verge of collapse, those creditor nations are terrified that they won't be able to pay back their debts, so they are pressing them as hard as vultures!"

"Yet I cannot easily advise against it, because the North American states really cannot pay it back!"

"..."