Chapter 127 Bilon’s Speech and the Argentine Central Bank’s Money Printing Machine

Style: Historical Author: Baichuan ZizhuWords: 5229Update Time: 24/01/12 12:17:00
North Hall of the Rose Palace of the Presidential Palace, Office of the President.

The Presidential Palace of Argentina is located at No. 50 Bargarse Street, Monsenat District, Putrajaya. On both sides are important national departments such as the Ministry of Economy, the National Tax Center and the Central Bank.

The North Hall is where the president and the prime minister convene government ministers to discuss national affairs. The president and the prime minister also meet with dignitaries from various Argentine provinces and hold press conferences here.

Bilon is looking at all kinds of national information and intelligence that have been collected. The decoration of the office is quite luxurious. It is different from the simplicity imagined by most people at the bottom of Argentina. The decoration here is exquisite.

He just met with reporters from various newspapers in Argentina and held a brief press conference to express his views on his second re-election as president. He also made some necessary responses and left many golden words.

At this press conference, Bilong was wearing a tuxedo and butterfly tie. He looked very enthusiastic and had his iconic grin. At least to many people, Bilong was indeed very charming.

There were not many reporters at the scene, most of them were from the newspapers he was responsible for, and they made brief opening remarks.

"From 1943 to 1952, the number of workers eligible for social insurance increased from 500,000 to 5 million. Union members can receive more benefits, because there are some welfare funds that only members have the right to share. Everyone is welcome to join the Argentine Confederation of Trade Unions."

"As many of you know, I asked my administrative secretary to bring in my lunch: a plate of Argentinian beef, the best beef we produce in Argentina, which has kept me healthy and strong, not unlike the British Prime Minister who stepped down last year. Attlee, his poor constitution is due to the lack of Argentinian beef, and the weather in London is always disappointing, not the good weather in Buenos Aires."

"There are Americans who have robbed our agricultural markets in Spain and Western Europe. We want to resist American imperialism. We hope that U.S. President Truman can respond to this issue head-on and allow us to join the Marshall Plan. We in Argentina must continue to implement economic independence, which means To break the shackles of capitalist imperialism and international capitalism.”

"I rarely go out for lunch these days because it's usually a waste of time. Before I decided to run for the second term, it was because I did a good job my first time as president, but I think I'm doing OK now. , because as far as I know, no matter what, I am still the president of Argentina."

"We are natural good friends with Europeans. We Argentines are all from Europe, especially friendly countries such as the Federal Republic of Germany, France, and Italy. We welcome Europeans to come to Argentina to work and make economic investments in our country.

Domestic factories such as Rennes Industries and La Plata Steel Works are doing very well. They are role models for Argentine companies. In the future, Argentina will be more open. Europeans’ support for Argentina is admirable. "

"This time, I hope that the Argentine Import and Export Association will become an official association. This will help the Argentine people to better supervise it, and we will also improve the customs tariff policy."

“Also please the Argentinian people not to believe that the report in the Socialist newspaper Vanguard is a pure fabrication. It is a fake newspaper. They Socialists write fake news, just like Republicans, like rats in the sewer, making people Disgusted, their leader has been arrested by the police force for some crimes."

"But I just want to say that it's really sad when people write fake news, and in this case, I think it came mostly from the Pioneer newspaper, which is a very... I mean, if there's defamation If it were not legal, they would have gone bankrupt before they went bankrupt. Everyone is welcome to read more good newspapers like El Mundo and El Nuevo Argentino, they are the attitude that journalists should have."

"I don't mind controversy. I think controversy is a good thing, not a bad thing, but their groundless rumors are really disappointing. They don't have the good qualities of kindness, humility and integrity that the Argentine people have. Our economy in Argentina is currently running well, and I hope Don’t go on strike often, it’s a loss to our country.”

"And I would like to appeal again that people in Latin America should unite. America is not an America for Americans, but an America for Americans. We should strive for the unity of Latin America and achieve economic and cultural independence, and things like United Fruit This company of colonizers should leave Central America."

Bilon responded to the Vanguard newspaper's attack on the Ava Foundation for not disclosing various expenditures, and responded by secretly having the police force seize the Vanguard newspaper.

As for the other policies, they are all policies he often talks about, such as uniting Latin America to fight against the United States, and uniting Europe to fight against the United States and the Soviet Union. However, Europeans generally take his words as farts.

Germany and Argentina do have transactions, especially the materials exported by Argentina to Germany, which have made a small contribution to the recovery of Germany, especially the Federal Republic of Germany.

The speech was also published in Le Monde, the most important mouthpiece of Bilon propaganda, and on radio stations.

As Argentina's official intelligence agency, the National Intelligence Service is also an important source of information for him. This secret service organization played an important role in his second term as president.

There is also a military force that he can control, the Labor Federation. In addition to the police force, this is the third largest military force in Argentina. It has tanks and various heavy-fire artillery. It is hostile to the military and has been seeking to remove this thorn in its side.

The Ministers of Foreign Affairs, Interior, Finance, Labor, and Health are all his cronies and labor leaders.

He was wearing a custom-made suit, with a slicked back hair, leaning on the chair, his belly was a little protruding because he was a little fat, his double chin was exposed, there was not much smile on his face, he wore a wide ring on his left index finger, and held a ring in his right hand. Cigars, showing the majesty of the president.

In his youth, Bilong was talented, intelligent, and diligent in study. He not only studied military science, but was also proficient in several foreign languages ​​such as Italian, French, and English. At that time, he was energetic and loved physical exercise. After graduating from the Army School in 1915, he also engaged in the military. Teaching and research work.

He is 57 years old this year. In terms of political career, such a country's top leader is not too old. After all, British Prime Minister Churchill is 77 years old now. In comparison, he is at an energetic age.

In the image of Bilong in the media, he always smiles with teeth and arched eyebrows. At this time, Bilong has sharp eyes and a serious face. He is arranging some necessary decisions, this time related to the funds of the treasury.

The workers began to demonstrate again, which gave him a headache. The unified officer corps under his leadership also began to try to oppose him. Trade union strikes occurred one after another. In order to deal with the railway workers' strike last year, he even used the weapons of the Labor Federation. .

Today he found the Minister of Finance and the Governor of Argentina’s Central Bank, and he is preparing to launch Argentina’s second five-year plan.

Outside the office door, the administrative secretary brought in the finance minister and the central bank governor.

He showed his iconic smile again and warmly received one of the core personnel of these money bags.

It’s really hard for a penny to stump a hero. Bilong briefly talked to the two of them and then started his speech.

"We in Argentina are going to implement a new five-year plan, and we need the help of the two of you. The last five-year plan was done very well. Our country is developing very fast..."

After Bilong finished speaking, the Finance Minister wiped the saliva sprayed on his face and quickly raised his hand to ask.

"Mr. President, our treasury now only has less than 500 million US dollars left, which may not be enough to cope with the next five-year plan... Maybe this is the responsibility of the military."

The Minister of Finance said worriedly and at a loss. This is too embarrassing. Normal government operations require a lot of money. When Bilon came to power, the Argentine treasury had more than 1.6 billion U.S. dollars. It was the president who sent them He spent it little by little, but he didn't dare to say anything.

"No, no one knows the Argentine economy better than me. Central Bank Governor, you are responsible for transferring last year's central bank profits to the Treasury, and do you have anything to say about printing more pesos?"

Bilong wrinkled his nose unhappily and said seriously to the Minister of Finance, his voice raised a lot. He took out his handwritten plan for Argentina to start a money printing press from the table and handed it to the two of them.

"Our central bank may have to hold a meeting to discuss and study this... I think it won't be a big problem. They will support this plan." The governor of the Central Bank of Argentina was silent for a while and then said cautiously.

The Argentine Central Bank cannot freely spend money on the Ministry of Finance, but the transfer of central bank profits to the Ministry of Finance is allowed by the constitution. This is a temporary advance and another newly invented way of printing money, similar to companies distributing income to shareholders. The only shareholder of the Central Bank of Argentina is the National Treasury of Argentina.

"Then it's decided. We will try to print an additional 15 billion pesos this year and give me a report on the banknote plan for the remaining eight months." Bilong gave the final order seriously.

"Yes, great Mr. President."

The Minister of Finance and the Governor of the Central Bank looked at each other, could only nod, said with a wry smile, turned around and said goodbye to Bilong, and left the President's Office. They went to the bathroom to wash their faces first.

When Bilong was giving a speech to his men, spittle flew everywhere, and he enjoyed the feeling of persuading others with his eloquence.

Even if the two of them look sad and the new financial plan and banknote plan are desperate, they can only bite the bullet and let their team implement this policy. After all, the benefits of power are always addictive.

The two left immediately. If they really opposed this policy, they believed that they would be replaced soon. After retirement, they would have nothing, and they might even go to jail. They believed that Bilong could do it.

If Saint Jose were there, he would probably say,

"You use this to test cadres? Which cadre can't stand such a test?"

Yes, to be honest, the current Argentine Finance Minister and Central Bank Governor will only resist slightly and pretend to be convinced by Bilon. They have figured out Bilon's approach.

The central bank banknote printing plant, the central bank governor went directly to the banknote printing plant to announce the new banknote printing machine plan.

"Director, you don't seem to have enough start date this month. The amount of banknotes printed next month will be doubled..." The central bank governor walked past the banknote printing and cutting machine and looked at the workers doing nothing, and immediately said loudly ,.

"God, this plan will seriously damage the wallets of the Argentine people." The factory director was dismissed, frowned, and responded subconsciously.

The money printing factory is open every day, which is crazy.

"No, you must implement it seriously, otherwise we will have to change the factory director."

"Okay, Mr. President, I will execute it immediately." The director of the banknote printing factory immediately changed his attitude, becoming serious and serious.

"Well, I'll leave first. You can read the documents carefully and then go to the meeting."

"Yes, Mr. President."

The director of the banknote printing factory bit the bullet and held a meeting to increase the banknote printing plan for the second half of the year. This is the second increase this year. He also plans to quickly withdraw his peso deposits from the bank and exchange them for hard currencies such as gold. , he estimated that if this wave continues, the currency will depreciate by at least 30%.

Faced with declining economic development and reduced tax revenue, the Argentine Ministry of Finance needs more cash, and the Argentine Central Bank can only play the role of a money printing machine.

The assets of the Argentine Central Bank are mainly composed of foreign exchange reserves, liabilities, cash in circulation and central bank bills.

...

The Justice Party is not exactly the same as a general bourgeois party. It is actually a very large organization, including almost all officials from state institutions and economic and other departments, big capitalists, businessmen, representatives of religious circles, and workers participating in trade unions.

In other words, they are not actually an interest group, but various careerists who have also joined the Bilom Justice Party.

Although nominally the leader of Bilon's Justice Party is Bilon's active supporter, senator and admiral Tsere, the actual leadership is entirely in Bilon's hands.

It can be said that the Bilong Justice Party is a hodgepodge, big but not strong, and a monster party that has been mixed together.

In Argentina, the people at the bottom who support Peron are called "sans-culottes," which has the same meaning as the "sans-culottes" during the French Revolution. The old humble name has become a synonym for glory, and Peron's wife Ai Wa became the de facto spiritual leader of the Shirtless Men. The two of them can be said to have a community of interests.

Last year, Bilon moved the undressed men from the countryside to the city in exchange for a large number of presidential votes. At the same time, it opened up women's suffrage rights, nominated dozens of women candidates at once, and established the Female Peronist Party. In this regard, as an opposition The Radical-Republican-Socialist Democratic Alliance has made almost no achievements in this regard.

According to Saint Jesé's view, Bilon has indeed made no achievements in agricultural issues. It dare not let go and initiate land reform, which has led to Argentina becoming a country with rapid urbanization, and the proportion of capital and city has further increased. Increase.

The Bilon government focused too much on the so-called industrialization plan and was unable to solve related rural issues such as reforming the land system. Rural life in Argentina still has not undergone substantial changes, and Argentine farmers still lack land.

This has caused a decline in agricultural and animal husbandry output, a loss of agricultural population, a surge in urban population, and the rapid expansion of the industrial sector, resulting in a shortage of domestic materials and energy such as food, oil, natural gas, and electricity in Argentina. The government has worked hard to increase the production of domestic materials and energy. , but existing storage and production cannot meet the growing demand.

This once again led to a series of economic difficulties in Argentina, with economic growth slowing down, prices rising, food and rent prices rising, and domestic inflation breaking out.

Now we have to start printing money for the sake of the national treasury, which is really adding insult to injury.

Now is actually an important period when Bilong's prestige is at its peak and beginning to decline. His wife Bevetta's health is not very good, which makes him a little worried. This is his prestige multiplier. Bevetta's prestige among the working people Even more than him.

In order to expand his military base, Bilon restrained the military that began to desert him and suppressed trade unions. Last year, he increased the number of members of the Labor Federation to as many as 3 million, making it the third largest paramilitary force in Argentina.



For Argentina, printing money is more convenient than collecting taxes, and the 'convenience' of fiscal revenue induces easing of fiscal expenditures. The easing of fiscal expenditures also increases the need to levy a 'printing tax'. In contrast, the United States Argentina’s tax bureau is even more like a younger brother. The U.S. tax bureau is armed to collect taxes.

No matter which country in the world, being a president generally requires a very important skill, which is to be able to develop the economy. In addition to Bilon's overdraft in the first two years of taking office, Argentina's economy has been developing well. In the past three years, Argentina has suffered a bitter fruit. , the economy has declined, the unemployment rate has increased sharply, especially a lot of private companies have closed down, and state-owned factories are not doing well, and demonstrations are held every day.

Due to fiscal depletion, the high wages demanded by workers can be solved by printing more banknotes, but instead the whole of Argentina has to bear the burden of inflation. In the past year, Argentina has experienced inflation and its currency has devalued by about 14%, which is very outrageous.

In other words, if you had 1 small goal last year, there are only 0.88 small goals left this year, and the trend continues to decline. Argentines, especially those at the bottom, are complaining about the comparison.

Normally, if a country wants to develop, the inflation rate cannot be too fast. 2%-5% is the normal value, and the actual economic growth rate must exceed 5% to ensure a stable increase in national income and an increase in the purchasing power of currency.

Moreover, the Bilong government prints money on a surprise basis. For example, in March this year, it suddenly printed 30% more pesos than in February, which makes people feel helpless to complain.

In April this year, Argentina's inflation rate reached 15%. The cost of living increased by 33%, while wages only increased by 15%.

After reading the newspaper "Le Monde", St. Hesse could only scold Bilon for cheating. Fortunately, he mainly engaged in foreign trade exports and paid low tariffs through smuggling. However, Rennes Military Industry, which accounts for the majority of domestic sales, has already experienced inflation. Yes, in order to prevent incorrect purchase amounts, domestic bulk commodity transactions are now conducted in U.S. dollars. After all, such a depreciation rate makes people look like fools.

"This is how the national credit was bankrupted step by step. It can be clearly felt that Argentina's currency issuance is accelerating."

Saint Jose said speechlessly, he did not dare to show off in this aspect.

As for Bilon's official closure of the Import and Export Association, if he really takes action, there will be nothing he can do about it. For Rennes Industries and La Plata Steel Plant, there is just a little need for publicity.

"Bilong has harmed the country, what a sin." Saint Hesse slowly spat out the eye circles in his mouth and patted the table.

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