Rebirth: Super Banking System Chapter 2550 - 2388: Keep Plundering

~5 minute read · 1,184 words
Previously on Rebirth: Super Banking System...
Libya's president approved extra spending to deplete funds amid mounting anxieties from external pressures. The world marveled at the stunning new cultural city in Libya and Saudi Arabia's vast project nearing completion with booming pre-sales, praising the Myanmar Bank Group's unmatched design prowess. Libya placed an even larger order for a secondary capital, igniting global hype and benefiting Huaxia enterprises. Eurozone nations seethed as Myanmar-linked and African firms snapped up their distressed assets, vowing fierce resistance even if it meant disintegration. Tang Qing watched the spreading chaos with amusement, his strategy unfolding.

United States.

Various consortiums observed the Eurozone getting bullied in this manner.

"..."

Speechless.

To be fair.

This Asia Dollar shows no mercy! It’s like mugging someone on the street and then breaking into their home to grab more. This... is excessively brutal!

Of course.

Brutality isn’t the problem.

Yet.

Being so openly hostile to the Eurozone, don’t they worry about payback down the line? They’re all still sharing the same space afterward, no need to go all out, right?

But considering it.

Myanmar truly fears nothing.

Firstly.

Eurozone nations seeking revenge via warfare is utterly out of the question.

Secondly.

Financial tactics are tough too. The Asia Dollar nearly matches the Euro, separated by just a tiny margin. Counting on fear of the Euro? No chance.

Thirdly.

Economic pressure.

Yes.

Eurozone holds top-tier tech, but Myanmar skips weapon purchases and stays relaxed. No matter how cutting-edge your tech is, they have no interest.

What can be done?

From this angle, Myanmar genuinely doesn’t dread retaliation from Eurozone nations.

...

"This has earned us their hatred too."

"Exactly!"

"Since we pioneered harvesting profits from the Eurozone, others can’t hold back. The key player is Gitti, unleashing the attack dogs."

"..."

This analogy.

Very striking.

As Asia Dollars flood in with massive capital flows, Myanmar-linked firms scoop up bargains in Eurozone countries, nearly driving the Eurozone into a frenzy.

Powerless!

Nevertheless.

Enjoying the spectacle feels thrilling.

"What now? Ask Gitti to quit stirring them up?"

"Tough."

"The problem is, they’re already riled, and the deal with Gitti remains uncompleted."

"..."

For quite a while.

The five major consortiums failed to devise a method to make Gitti halt; they might ignore it anyway. If the Asia Dollar had overtaken the Euro, things would be simpler.

But at present.

A difference persists.

This implies the alliance between them isn’t finished, complicating any push for the Euro’s side.

Still.

Once the Asia Dollar eclipses the Euro, they’ll need to back it somewhat. They share connections with the Eurozone; a punch is fine, but not a knockout.

Prior to that.

They must first endure pressure from U.S. officials and rival consortiums.

...

European Union.

Countries outside the Eurozone are delighted. The Euro’s drop enabled capital from numerous non-Euro EU nations to rake in substantial gains.

By deploying Euros to stabilize markets and snag undervalued assets.

Today.

They’ve cashed in big.

Counting cash with fervor.

Principles mean little against cold hard cash. Whether it infuriates Eurozone nations? Irrelevant. It’s all above board.

As for shaving them bald?

Ha!

Many acquired assets won’t hit the market. Even bald, the Eurozone has plenty of padding; they won’t shiver through winter.

Unless truly desperate.

Smash into a tree.

Leap from a cliff.

But fretting over mere fur... unlikely.

Thus.

Keep shearing.

...

Japanese firms embracing Asia Dollar for major transactions, combined with leaks accelerating its global spread.

After all.

This ranks as the world’s third-biggest economy.

Today.

Beyond the U.S. and Eurozone, the Asia Dollar gains warm reception, nearly added to every nation’s reserves for trade.

They offer essential global goods.

No option.

To cut costs, it’s necessary; otherwise, pay ten percent extra and face public backlash. This momentum can’t be halted.

...

Buzzing with activity.

The moment.

March arrives.

Xin’an City.

The yearly subscription event kicks off, following last year’s pattern: oases first, then modulation solutions. Same total volume, snapped up rapidly.

Worldwide.

Myanmar’s headlines flood again. Lately, this nation’s media presence is overwhelming. With GDP figures from various countries revealed, it clicks.

Myanmar.

Has surged into the global top ten economies.

France.

Germany.

Italy.

...

Thanks to the Euro’s crash, their GDPs halved one after another, with the unluckiest booted from the top ten, lambasted by citizens as spineless.

Exchange rates.

Typically spare domestic folks’ daily lives, like India’s weak currency yet unchanged living standards.

However.

Eurozone depends heavily on cheap imports, particularly within the EU, where driving across borders is routine.

Hence.

It impacts spending.

Now.

A Euro once sufficient for a full loaf of bread now secures only half, while the Euros in people's possession remain unchanged. Consequently, everyone's cash holdings have been effectively slashed in half.

Prices for numerous imported goods have surged upward.

Not a single curse escapes lips.

That would seem strange.

...

Immediately after the subscription conference concluded, the World Union Organization summit convened once more. Surpassing last year's splendor, where top leaders already gathered in force.

Since Myanmar had joined the G21 ranks the year prior.

This year.

Far more spectacular.

Within a single year, the Asia Dollar has overtaken the British Pound and draws perilously near the Euro in second place, thriving with momentum to eclipse it.

No space left for doubt.

If.

Should the Asia Dollar truly overtake the Euro, the landscape shifts dramatically. As the world's runner-up trade settlement currency, trailing only the Dollar.

Truth be told.

The whole economy carries a touch of inflation.

In the years ahead.

With Myanmar's vast infrastructure initiatives finished, expansion will pivot to trade and spending, yet this won't impede the Asia Dollar's global flow.

"Indeed, the ten billion Asia Dollars recovered from subscriptions weren't planned to disappear locally."

"Correct."

"This year's quota has risen again."

"Didn't come in vain."

"..."

Nations express great contentment with the fresh yearly Asia Dollar loans. The deluge of Asia Dollars aids them as well, boosting its share steadily.

The borrowed Asia Dollars now find even broader spending avenues. Most borrower nations are developing, requiring few high-tech items.

Infrastructure.

Livelihood projects.

Grain supplies.

...

These represent their pressing demands. Armed with Asia Dollars, procurement of nearly everything proves feasible. Tech goods? They favor ready-made products over raw components.

Hence.

Asia Dollars at their disposal fully suffice.

...

Nepal.

Miao’s Manor.

Living room.

Tang Kai and Miao Yin viewed the broadcast, marveling with tongue clicks at yet another ten billion Asia Dollars unleashed. Such tactics were familiar only from U.S. and European playbooks before.

Who could have imagined.

The Asia Dollar getting handled in this manner too.

Printing cash.

Flooding markets.

Ferociously snapping up assets, even though backed by Myanmar Bank Group's hundreds of billions in yearly profits. Still, the spectacle awes them.

"How are you going to spend the two billion quota given by the Chamber of Commerce this year?" Miao Yin inquired with a wry smile. He once believed endless money equaled bliss, but now excess funds spell trouble.

As a key figure in the Chamber of Commerce, an enormous loan quota falls to him annually, and this year follows suit.

"The usual way."

Tang Kai shrugged helplessly. Two hundred billion Asia Dollars equates, at today's rates, to three hundred billion RMB. Or he could simply let them sit unused.

But.

Spending them proves wiser, aligning with the Chamber of Commerce's vision to propel the Asia Dollar forward. The push to vault past the Euro echoes loudly inside the Chamber.