Chapter 344: Not very harmful but very insulting

Confidence has always been more precious than gold.

Why can the U.S. stock market continue to rise? The good or bad of the stock market has little to do with economic fundamentals. It is really strongly related to whether the country's monetary policy is loose or not. If the currency is loose, the rise will be greater, and if the currency is tight, the rise will be less.

For America, the currency is already loose enough. With such a loose monetary policy, the U.S. stock market has been rising. Why is the purchasing power of the U.S. dollar still so strong?
The fundamental reason is that the outside world’s confidence in the US dollar has not collapsed.

However, as the number of strong industries in the East has increased, the share of direct local currency transactions with other countries has been increasing, and more and more countries are finding that, why do we need the US dollar?

Can't we just purchase goods and services directly through RMB and Dongda?
In the past, due to some geopolitical factors, transactions were actually difficult.

The difficulty here is not that the outside world is unwilling to trade in RMB, but that even if it trades in RMB, the other party cannot come up with the corresponding chips and can only use its own resources as collateral and repay the debt in the future.

Such a model of course bypasses the US dollar. Dongda can either make a profit or obtain your mineral resources.

However, there is a huge risk, that is, the new people in power will not admit their obligations, especially when the media is controlled by the Americans. They will call this a debt trap set by the University of Tokyo for Asian, African and Latin American countries. The University of Tokyo deliberately gives you a debt that you cannot repay in order to plunder all your resources.

The people just fall for it. In the past, the people of Tokyo would believe what Yilin said, that Japan stored minerals on the seabed and would take them out for use in the future. Then the people of these countries would believe the theory of Tokyo plunder.

This makes it difficult for Todai to recover its debts.

Of course, this was a reality that existed in the past. The RMB had very significant advantages and could provide a large number of commodities and goods, but such things did not prevent the volume of transactions mainly priced in RMB from increasing.

The probability of similar things happening now is much lower than before, firstly because the University of Tokyo’s actions in the 4v outer islands have proved its strength and willingness, and secondly because America’s control over the world is declining.

As Europe actively imports infrastructure services, high-speed railways, power equipment, etc. from the East, the RMB-based settlement method is rising rapidly.

According to the Federal Reserve's forecast, this rapid upward momentum is very close to the point where the US dollar will no longer be needed globally.

For America, losing 4V, losing Southeast Asia, and even losing Neon only means that they have lost Asia, which is a disability at most.

If the dollar loses its status, America will lose everything.

America needs to prove its strength in the field of artificial intelligence, attract capital to flow into America, and restore capital's confidence in America.

The huge media empire controlled by America is in the hands of the Donkey Party. Ever since Musk sided with the Elephant Party, you will find that no matter how big the news SpaceX makes, it will not be able to occupy enough news coverage.

If you carefully observe the volume of public opinion in the Southeast University field, you will find a very interesting phenomenon. In the past, when SpaceX launched the Starship, even if it was unsuccessful, there was a lot of hype about Musk and SpaceX on social media.

After Musk completely sided with the Elephant Party, even if he came up with something as good as commercial space walk, few people discussed it on the social media of the University of Tokyo.

This is the case in Dongda, one of the regions with the lowest control over public opinion in America, let alone other regions. Musk and his SpaceX seem to have been silenced, and the popularity of public opinion is not even as high as that of Light Armor Aerospace.

But that’s no longer the case. Musk’s SpaceX has been pulled out again, and from time to time, the media brags about how awesome it is and how advanced its technology is.

Essentially, it is because America no longer holds the leading position in technology. If it stops promoting Musk, capital will not be able to sustain it and foreign capital will continue to flee.

At the beginning, there were 13 pot lids and 11 pots, and it would not collapse no matter how you played. Later, there were 11 pot lids and 11 pots, and it could still be done. Now there are 7 pot lids and 11 pots, and it is about to be unstoppable.

Being a civil servant is the most difficult job at a time like this. In such a precarious situation, even people like Fred and Eric feel extremely frustrated.

I won’t say too much. Even five years ago, when the two of them came to Tokyo University, at least there was someone to greet them. It wouldn’t be too much for someone to come and present flowers.

If we go back further, ten years ago, the red carpet would definitely be prepared for you.

There is nothing now, only the cold wind of February in Yanjing waiting for them, but fortunately it is not that cold front.

"If things continue to develop like this, sooner or later we will apply to join the BRICS." Eric made a cold joke.

This statement obviously hit Fred's funny spot. He laughed and replied, "You are right. BRICS is indeed easier than SCO."

"Do you think Alexander Douglas felt the same as we do now when he signed the FPDA?"

The full name of FPDA is Five Power Defence Arrangements, which is the joint defense arrangement of the five powers.

In 1971, England signed a treaty with the Kangaroo Country, Malaysia, Singapore and New Zealand.

When this clause was signed, it was ostensibly intended to protect Malaysia and Singapore from threats from Indonesia.

Obviously, five of the countries were once members of the Commonwealth.

In fact, England did not want to sign this treaty, because England was no longer the empire on which the sun never set, and it could no longer maintain such a large business. It was already a great achievement for England to be able to guarantee its own interests in Europe.

So why did we sign the FPDA? It was to help America protect the security of Singapore and Malaysia at a time when America's influence had not yet expanded to Southeast Asia.

This feeling of humiliation is simply indescribable in words. It is not very harmful but extremely insulting, and it feels a bit like NTR.

This is a shame in England's diplomatic history. If it happened today, the Chinese internet would definitely think that England is too filial.

In those days, Sir Alexander, who signed the treaty, would have stepped down after his term ended.

"Of course not, this is not FPDA, this is a deal, a fair deal with the University of Eastern." Fred was obviously unwilling to admit that this was a compromise.

Although both of them rose to prominence, there was a difference between Fred and Eric.

The difference is that Fred is a veteran. What he wants is to keep his position. Through such a deal, he can ensure that the next White House will still belong to the Elephant Party, and then he can have a good position.

It is not realistic for him to continue staying in the White House after the change. He will most likely go through the unique American political-business revolving door to become a senior executive in a company. Whether there is a Donkey Party or an Elephant Party in the White House will make a huge difference to the salary he will get as a senior executive in a company.

The election is next year, and the White House has done a terrible job this term, with few bright spots. If the party doesn't seize the opportunity to talk to the East about something and boost the sluggish economy, it won't be long before the Democratic Party takes power. Eric, on the other hand, still has a bit of idealism, and really wants to buy some time for America.

In America's view, its own advantage is the artificial intelligence industry. If it can use HBM technology to bring back the manufacturing industry, not to mention restoring its previous status as the country on the top of the mountain, it can at least maintain its current advantages. It may have sucked the blood of the world before, but it is not too much to suck the blood of half the earth now.

No matter how much traditional artificial intelligence technology develops, it cannot directly affect the material world. It only transmits information. No matter how much the information is iterated and upgraded, it cannot break through the limitations of information. HBM can.

HBM was born to interfere in the world in the form of robots.

In the view of American's experts, HBM is likely to be an unavoidable technology if highly intelligent manufacturing is to be achieved.

Based on this premise, America is willing to give up some non-core interests in exchange for topological semi-metal chips.

"I'm tired of the negotiators from the University of Tokyo always wearing a sneer on their faces, as if our offer was insignificant."

"The negotiators from the University of the East have finally relented."

"It's just that these conditions are a bit too much."

"Congratulations, you have won the American market with your own strength."

After a long half-month negotiation, the two sides reached an agreement on the terms and were just waiting for the bosses of both sides to sign the agreement.

The bargaining chip offered by Dongda is to allow topological semi-metal chips to be sold to America, allow Chinese chip manufacturers to help American companies with OEM, and allow American companies to participate in the upstream and downstream of the topological semi-metal chip supply chain.

The condition offered by America is that if Dongda's new energy vehicles are allowed to enter America, 50% of the parts must come from America, either produced by American companies or by building a factory in America.

The new energy vehicles here exclude extended-range vehicles.

American only wants to give up part of the market to Dongda. If it allows extended-range electric vehicles to come in, it would be a bit too buggy.

The extended-range gasoline-burning vehicle can compete with American domestic fuel vehicles, but automobile companies such as Ford, General Motors, and Chrysler will not allow it.

America needs to protect its domestic car companies, and the only one that can be sacrificed is Tesla.

This condition is far from enough. Other conditions include allowing Dongda's commercial space business to be carried out in America.

NASA will never purchase the services of Light Mech Aerospace under any circumstances, but it cannot stop other private enterprises and individuals from purchasing the services of Light Mech Aerospace.

In the past, the White House gave the green light to the University of Southern California's commercial space program, which allowed for joint research and development. After the opening, Bezos' Blue Origin directly approached Light Armor Aerospace to jointly develop a lunar return capsule. That project is still ongoing.

This time, everything is open. It is not just as simple as joint research and development. There is no problem whether it is purchasing a rocket for launch or purchasing a lunar cemetery.

In addition to commercial aerospace, Dongda's photovoltaic products are also allowed to directly enter the American market.

In the past, America only allowed Dongda to manufacture photovoltaic equipment, which meant that you could sell fishing gear to me but not fish to me. Despite this, Dongda was still subject to various difficulties when selling equipment to America.

This time, we asked you to sell fish to us directly without even asking for localization.

Once this loophole is opened, there will be no chance for photovoltaic products from other countries. Dongda will be able to take up the entire market.

The photovoltaic industry in America has already collapsed. Even if Dongda's photovoltaic products pass through Vietnam, Mexico, India and other places and are exported to America, the cost including taxes will be lower than that of domestic manufacturing in America.

The only company that can still barely maintain its operations is Meyer Burger, a major European photovoltaic company. Of course, since reaching an agreement with the University of Tokyo, Europe has abolished the forced labor law. The full name of this law is "Legislative Resolution on the Prohibition of Products Produced by Forced Labor from Entering the EU Market."

The general meaning is that we believe that the reason why you can keep costs so low is because you have adopted the method of forced labor to gain unfair competitive advantages. We want to ban such products from entering the European market, which is clearly aimed at Dongda's photovoltaic industry.

Meyer Burger managed to survive by monopolizing the European market, but now that the law has been repealed, Meyer Burger cannot survive.

The entire photovoltaic market is about to be swept by Dongda enterprises.

America has gained opportunities in the field of artificial intelligence by giving up the markets in photovoltaics, commercial aerospace and new energy vehicles.

After the deal was made, Eric looked at the ceiling and thought that only time would give us the answer.

Finally, on the day when the boss signed the contract, the restrictions on Light Armor Technology were also lifted.

Therefore, that evening, Guangjia Technology issued an announcement, saying that it planned to join forces with China Life Insurance and Guangjia Aerospace to build a health and wellness base in America.

A sign that can hang a light armor can be used to provide the most advanced human hibernation services to the wealthy Americans to reduce their pain at the end of their lives.

In addition, if you are in good health, Guangjia Aerospace can provide some space tourism projects. After death, Guangjia Aerospace provides space funeral services, which is a one-stop service from old age to death.

After the news came out, the stock price of Guangjia Technology did not rise much, but the stock price of China Life Insurance rose sharply.

"Does anyone really dare to conduct business in America?" Lin Tianmin looked at the internal company email forwarded to him by someone else in his mailbox. The content roughly meant that the company would conduct business in America in the future and would need to send a group of employees to America.

Lin Tianmin is a research and development engineer, so it is naturally impossible for him to be sent to America.

Whether discussing space tourism and space funeral business with American billionaires, or discussing cooperation with American commercial aerospace agencies, there is no need for R&D personnel to go; people from the business department will be enough.

But when Lin Tianmin and his team went to America before, there was an incident where someone was falsely accused and was detained for half a month, so he was very curious whether there was really anyone willing to go.

"Of course there are. Going there is to expand the territory. If you want to get a promotion and a raise in salary, it is difficult to climb up in a short period of time. If you are ambitious, you have to go to America."

(End of this chapter)