Rebirth: Super Banking System Chapter 2445 - 2285: Green with Envy
Previously on Rebirth: Super Banking System...
The emergence of Gold Treasury Bonds.
In some ways, it has verified the speculations surrounding the constraints on Myanmar’s gold reserves. Naturally, a handful of individuals suspect that Myanmar could have alternative motives.
For example.
---Stabilizing the Asia Dollar.
Treasury Bonds.
Represent a powerful tool for managing currency, much like the way the United States fine-tunes its dollar strategy; the key approach remains executed via treasury bonds.
Withdrawing funds.
Injecting funds.
Via repeated processes of withdrawing and injecting.
To regulate the dollar’s liquidity levels, which in turn influences interest rates and exchange rates. By issuing Gold Treasury Bonds for the Asia Dollar, it broadens the reach of this oversight.
Reflect on that.
As a result.
It pulls back three hundred billion Asia Dollars from circulation, reducing the amount of Asia Dollars flowing outside, akin to how central banks today resort to interbank loans for Asia Dollars.
Therefore.
The Asia Dollar is bound to face scarcity.
Rarity.
Will make people far more inclined to embrace Asia Dollar transactions in trade, solidifying its role as a global settlement currency.
…
In reality.
Just as they anticipated, these Gold Treasury Bonds mainly fulfill a role in regulation. Regarding any gold shortage? Kan Qin absolutely dismisses that idea.
Yet.
He remains unaware of the exact volume of gold held by the Myanmar Bank Group.
He never inquired.
All issues concerning the Myanmar Central Bank fall under Ling’s direct oversight. Kan Qin’s responsibility lies in handling his own duties; everything else.
Lacks permission.
Lacks the moment to address.
Regardless.
Ling is undoubtedly dedicated to advancing Myanmar and the Asia Dollar.
…
December 3.
Morning.
In just one hour, Myanmar declared that the three hundred billion Asia Dollars worth of Gold Treasury Bonds were fully subscribed, set to hit the trading market after a week.
At that point.
These bonds become exchangeable. Plenty of investment firms are eagerly watching, convinced that gold’s future trajectory points upward.
Investing.
Without risk of loss.
At the same time.
Many companies in Myanmar have added Gold Treasury Bonds to their asset mixes, demonstrating their backing. In any event, at redemption, they have the choice of cash payout.
Face a loss?
There’s some chance.
However.
It’s a risk they can handle; thanks to the Myanmar Bank Group, they’ve earned substantial profits, similar to the time when global investors siphoned off Myanmar’s forex holdings.
They stepped up, steadying the real estate and equity sectors.
If the lips perish.
The teeth grow chilled.
They grasp this truth deeply. Later events validated their move, with the Myanmar Bank Group intervening to shield them.
Not just avoiding losses.
They profited modestly.
Since that moment.
It clarified for them that aligning with Ling was indeed the wisest path.
…
India.
Right now.
Witnessing the complete sale of three hundred billion Gold Treasury Bonds, their envy surged; it felt like a massive opportunity had been auctioned off at sky-high prices before even materializing.
Damn it!
Isn’t this cash too straightforward to pocket?
Currently.
Myanmar’s diving into major financial plays? It stirs such jealousy, yet they can merely watch; reflecting on their own assets, they appear to lack anything marketable.
In late 2010, yet another setback strikes.
The pain stings!
…
United States.
Washington.
Manor.
“Gold Treasury Bonds?”
“Moves.”
“Are escalating in importance, truly causing headaches!”
“…”
Old Ford shook his head while sighing.
As time drags on, Myanmar’s influence over him intensifies, even sparking questions about whether Gitti, being a woman, can truly helm such a vast enterprise?
Moreover.
How vast is the yield from that enigmatic Gold Mine, producing so much gold; even he finds it hard not to covet it, genuine gold at that.
Inherent money.
Truly.
Though the United States ditched the gold standard, it never forsook gold, revealing the underlying stakes. Worldwide, gold retains its financial qualities.
The greater the amount.
The more advantageous.
Contemplating this.
What a migraine!
These days.
Compared to years back, ties with Gitti have warmed a bit, and channels of communication have opened. But on the topic of ‘coming back’, Gitti stands resolute.
---Keep dreaming.
Fine!
At least it’s an improvement over the past.
After reflection.
He picked up a satellite phone, one from the Ford family’s secure encrypted network, enabling reach to Gitti, though calls were rare.
Every few months at most.
“What’s the matter?”
From the other end.
Gitti’s steady voice emerged.
“Did you offload the gold in Huaxia?” Old Ford inquired with interest.
“No.”
“Seriously?”
“What’s your guess?” Gitti shot back unexpectedly.
At that.
Old Ford grasped it immediately.
“Got it.”
“I’ll hold my tongue.” He chuckled, unraveling a lingering puzzle within. The abrupt arrival of two thousand tons of gold had fueled theories along those lines.
Clearly.
Nearly verified, matching predictions. No issue, if Myanmar’s reserves are plentiful, selling is acceptable, or even partial sales.
Gold.
From a goods standpoint, the wider its distribution, the keener the collective drive to uphold its worth. Without the United States’ eight thousand tons as foundation.
Likely.
Gold would have been discarded ages ago, thrusting the globe fully into fiat money times. It’s exactly because they hold it too that the United States resists a sharp plunge in gold prices.
All things.
Have roots.
“How much gold do you... have left?” He probed once more.
“Plenty.”
Gitti responded.
“…”
Alright, keep it under wraps then.
“Gold Treasury Bonds are striking sensitive points…”
Shortly after.
Ending the call, Old Ford stared through the window, forehead creased, mulling over the challenges Gitti had highlighted, her demeanor as unyielding as a spoilt youngster.
Heaven.
As an elder, still outmaneuvered by the youth in this manner, he felt powerless—if he’d foreseen Gitti sparking such turmoil sooner… he would have seized the reins.
Presently.
She’s tucked away in Myanmar.
Uncertain of her whereabouts now, far from any chance to intervene. Just then, the butler announced nearby, “Sir, the meeting’s ready to begin.”
Hearing that.
“Sigh!”
A soft exhale.
Another one approaches.
Bound to spark heated arguments again.
…
Shortly.
Accessing the feed, all key conglomerates haven’t convened this often in two years, usually addressing issues based on prior agreements.
Now.
A host of conflicts have arisen.
Among these.
The sharpest divide concerns policy toward Myanmar; one faction pushes for confrontation, while the other favors restraint to prevent driving them toward allies.
Such an outcome.
Would spell disaster.
Yet.
Observing Myanmar’s expanding prosperity and its repeated displays of affluence on the world stage, like a tempting treat perpetually waved in front.
Stirring insatiable hunger.
Seizing the blade.
Clutching the utensil.
Only to be halted from indulging, breeding frustration.
Nevertheless.
This session is fated for deadlock, with proponents and detractors balanced closely, blocking decisive steps.
Beyond that.
Many U.S. government moves demand two-thirds approval in votes, stopping solo drives for specific outcomes. As for urging the President to wield special powers?
Ridiculous!
President.
Lacking their verdict, wouldn’t risk bold moves. Various Myanmar-related initiatives from the Cabinet and Security Council have failed at the ballot stage.
How could they proceed?