Subtitle of this chapter: As a person, he should be Jia Yueting, and as he should be owed hundreds of billions of dollars.

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Economists have been summarizing the last experience and then dealing with the next crisis.

Our Yuanda economist is looking forward to the next crisis.

Without the Great Depression, there is a very likely situation where there is no World War II; in fact, even if there is the Great Depression, World War II may not necessarily break out.

All major historical events have their inevitability, but their contingency must also be taken into account.

But, but... For Master Yuan, the world without World War II is really too unfair to listen to it!

For the sake of World War II and to trigger the Great Depression of World War II, it would be better if you don’t pretend to be...

Wait a minute, Yuan Yanshu "will die if he doesn't show off." If he can't pretend, can he change his slut?

"Thank you for your question, Dr. Holland." So he was not angry, but smiled slightly at the questioner who deliberately made things difficult for him.

"Gentlemen, although the gold standard is not the subject of my doctoral thesis research, as economic workers, we must also pay attention to current affairs."

"The gold standard and war debt are naturally the two most concerned economic issues at the moment..."

"Click!"

Our Master Yuan lit a cigar, took the opportunity of smoking to sort out his ideas, and then slowly spoke:

"Let's talk about the gold standard first. Gentlemen, in my opinion, we really have no other choice. We can only rebuild an international currency settlement system based on gold..."

"We in the United States are probably the only country in the world that can adhere to the gold standard. Perhaps there are Britain and France. If they can grit their teeth and make the pound and francs depreciate significantly, they should still do it..."

"It is impossible for other countries to take out so much gold to prepare for the currency they issued. Especially in Germany, this involves another big trouble - war debts and compensation..."

"We all know that now the Germans are almost bankrupt, and the German Mark is even more dissatisfied. The German government has no idea about paying war reparations, and the German people are almost unable to afford bread..."

"If the Weimar Republic continues so chaotic, maybe one day we wake up and read the morning newspaper and read the restoration of the Hohenzollern Dynasty. This is good news for me. After all, I am a member of the Junker nobles of His Majesty William II, a yellow knight!"

"Hahaha...baby...hahaha..."

When everyone heard this Junker Knight's self-deprecating self-deprecating, they couldn't help but laugh.

"But the news that is more terrifying than the restoration of the German Empire is that the Weimar Republic has become... Weimar Soviet!"

As soon as they heard the word "Soviet", the members of the American Economic Society stopped laughing and immediately showed a worried look.

For capitalist economists, there is no more love than the Soviets...that terrible word.

Just imagine, if the whole world was shrouded in red flags, where would they still be economists?

So Yuan Yan suddenly raised her tone and said, "I think this is a scene that everyone here, as well as the economists from the United States and the world... well, and the righteous people don't want to see..."

"The problem now is that there is a very dangerous vicious cycle on both sides of the Atlantic Ocean. Britain and France owes us money. Germans owe to Britain and France. If the Germans don't pay the money, we can't get the money from the British and French..."

"If Germany is really as ruthless as the Soviet Union and is no longer willing to bear the war reparations for the European war, the British and French would either fight them again or..."

Yuan Yan suddenly sighed, took a breath of cigarette, shrugged her shoulders and didn't say anything.

However, all of us here are economists and understand what he means. That is, Niu Niu and Gaul can only follow the footsteps of the Russians and Hans.

How loving this is...that terrible scene!

What is the English Soviet and what is the French Soviet just thinking makes people shudder. Just now, everyone was just sitting in a troubled city, but now they are all facing a great enemy.

The temperature here instantly dropped to zero, and even the cough frozen in everyone's throats, and the room suddenly became silent.

"Ahem cough cough..."

Our Master Yuan coughed and broke the silence. He played with the cigar in his hand and looked around and said loudly, "So all we can do is..."

He paused, raised his right hand holding the cigar and made an invitation gesture to everyone.

The professors and doctors here said in unison like elementary school students: "Lend money to the Germans!"

"Babababa..." Yuan Yanshu raised his hand exaggeratedly this time and patted his palm high, saying, "BRAVO!"

Confucius said: You owe 10,000 people force you to jump off the building, but you owe 100 million people are afraid that you will jump off the building.

After World War I, Hans was the grandson who owed 100 million yuan, so don't wonder why the Americans used the Dawes plan to make the Sandezi rise again, and Britain and France just sit back and watch.

He turned to the next AEA president and said, "Dr. Holland, I think you understand my answer now."

"First of all, the first thing we need to do is to restore the international currency settlement system. No matter how we do it, we must do it as soon as possible and as soon as possible..."

Master Yuan would not propose any "gold exchange standard system" because this thing is inherently inconsistent with the Austrian school, and fixed exchange rates are the enemy of liberal economists.

Austrian economists such as Mises and Hayek will immediately realize this part of the preparation at the Geneva meeting next year. The fixed exchange rate gold standard is a prescription for disaster. They predict that under this gold exchange standard, there will be an economic crisis sooner or later.

"Secondly, we have to borrow from Germany, a huge amount of loans. Germany can only recover the economy from us; then repay the compensation from Britain and France, and Britain and France will repay the debts owed to the United States during the war. This will bring about a prosperous cycle."

On that timeline, after the implementation of the Dawys plan in 1924, US dollars flooded the European financial market: thus, the US dollar not only restored the European economy, but also manipulated the European economic market.

On this timeline, because our Master Yuan proposed a large-scale financial aid to Germany in front of economists in 1921, this plan was later called the "Yuan Plan" by some people, especially in the Cyris economics community.

So Yuan Yan suddenly became the great Cyris man that the German people should thank. Of course, the American people also want to thank him.
Chapter completed!