1932: Playing with the Japanese Communist Party with a doll

Infrastructure projects take a very long time to pay back, and the apparent profit margins are extremely low. Putting the people aside, the capitalists are simply unwilling to lend. Even if they were willing to lend, once they forced the government to pay back, the government would go bankrupt.

The problem of printing money is even bigger. Now everyone is basically on the gold standard. We issue currency based on how much gold we have (usually with a tenfold leverage). We cannot issue currency randomly like in later generations.

Chuntian still looked relaxed:

"I have many solutions here. Which one do you want to hear?" "Please tell me all of them."

Roosevelt's expression suddenly became extremely serious.

"The first option is to declare after taking office that all gold in the country will be confiscated, and the gold reserves will be increased, thereby increasing the amount of currency issued."

Roosevelt shook his head slightly.

The feasibility of this approach is too low. It's not that confiscating gold is impossible, but the amount of currency required to build national infrastructure is too large. How much currency can you increase by confiscating gold?

so...

"The second option is to confiscate gold, but at the same time, declare the dollar decoupled from gold, devalue the dollar, and turn it into a purely government-backed currency..."

Roosevelt was shocked.

Because he originally intended to do so, but not in such a "radical" way!

The so-called "confiscation of gold" is actually a forced exchange of gold for US dollars, thereby reducing the scarcity of the US dollar and indirectly increasing the money supply, thereby forcing the US dollar to leave the bank and enter the real economy!

In other words, the problem of deflation was solved or alleviated! This is the introduction of laws and decrees such as the Emergency Banking Act of 1933, the Federal Emergency Relief Act, the National Industrial Recovery Act, the Home Owners Loan Act, the Securities/Banking Act of 1933, and Executive Order No. 6102.

The effects of this approach will be significant, but the drawbacks are equally obvious: the interests of the American people will suffer short-term losses, the US government will be severely criticized by the people, and it will also usher in an era of inflation.

If this continues, sooner or later the dollar will be forced to completely decouple from gold and become a purely credit-based currency. (The Bretton Woods system collapsed.)

In fact, the thinking of the Hoover administration in the later period was roughly the same, but they took the interests of the bankers into consideration and were not as radical as Roosevelt - confiscating gold, and Roosevelt was not as radical as Springfield - decoupling from gold.

If Roosevelt was considered "heretical" in the eyes of conservatives, then they would probably just think Springfield's ideas were "fantastic."

"Besides this, you must have other methods, right?"

"Well, the third method is to change the currency's anchor." "Anchor... do you mean changing it from gold to silver?"

"No, no, no, how could I come up with such a stupid idea?" "Uh..."

Roosevelt was speechless.

This "stupid idea" was another one of his ideas.

His future reforms will certainly involve the interests of many people, so this is one of the methods he is preparing to use to deal with certain domestic interest groups and make them support him.

As for the view of some people in later generations that "the Silver Act was a large-scale plundering of China's wealth"?

(At that time, China was almost the only country in the world that still actually used the silver standard)

Sorry, I don't really take you seriously at all. You are being too sentimental.

As for whether this would help the Japanese plunder China's silver and cause the complete collapse of China's economy?

I'm sorry, I really didn't think about it at first, and I am indeed worried about the development of Japan's military power in the Far East, but things have already happened, so I can only express my regret.

If I kill you, what does it have to do with you?

"So what do you mean by anchor?"

"Mr. Roosevelt, what is money essentially used for?" "Of course... it is used... as a general equivalent of the value of goods..."

"No, no, no, it's not something from books like this." Haruta shook his head and asked again:

"Let me put it this way. For a currency to gain public acceptance, its anchor must have two characteristics: one is to provide a guarantee and stabilize the currency's value, and the other is to be able to realize rigid redemption at any time. Do you agree with what I say?"

"I... agree."

“If there is a currency that cannot buy the things people need for their lives, then even if it is backed by a lot of gold and silver, can it still be recognized?”

"This...seems...impossible..."

"Since the purpose of currency is to purchase goods, why can't the anchor be directly determined as the industrial production capacity of the United States or the total industrial products that the United States can produce?"

(Actually, it’s not that simple. Strictly speaking, it’s the national credit derived from physical assets. However, I won’t explain it in such a complicated way in a novel, as I’m not writing a paper.)

(Anyway, just understand the nature of currency and don't become one of those people who are still shouting "The RMB is useless without an anchor," "Anchor to the US dollar/foreign exchange," or even "Anchor to gold/real estate.")

“..? ? ? ”

Roosevelt was stunned for a moment, then fell into deep thought! As far as he knew, no one in the United States had ever thought about this! At least, it had never been proposed publicly!

What Roosevelt didn't know was that at this time, on the other side of the ocean, a group of "country bumpkins" had already begun unconsciously practicing this "product-anchored" approach.

(The CCP is sometimes really outrageous)

However, after pondering for about 10 minutes, Roosevelt shook his head: "No, no, we can't do it."

"Why?"

"The U.S. government is not capable of controlling such a large industrial system, nor is it capable of commanding the entire U.S. banking system."

"That's another question, Mr. Roosevelt. What I'm going to say next is for only the two of us to hear."

After ordering everyone to leave, Springfield uttered a soft word: "Mr. Roosevelt, do you have the courage to join me in rebelling against the United States?" "...Hmm?

About two hours later, Roosevelt, expressionless, left with his men. The owner of the apartment folded his arms, staring at the other man's back, slowly sipping his coffee. The air behind him trembled for a moment, and a voice rang out from the empty space:

"Sister Chuntian, what are you guys talking about..." "Your little brain probably can't understand."

Chuntian turned around and knocked lightly at a position about 1.6 meters away:

"Okay! Hurry up and follow him! If he's obedient, it's fine. But if he's not obedient..."

"I know, I know, the commander said so!" "If you don't obey, of course you'll be killed and eaten!"

275 The Communist Party of the United States came to the door

Shortly after the shocking news that "Roosevelt, the Democratic Party's popular presidential candidate, announced his withdrawal from the party and the establishment of an independent party," another explosive news that shocked the entire United States came out:

Mr. Roosevelt held another press conference, announcing that he would no longer seek to establish an independent party, but would instead join "Miss Spring"'s "God's People Party" and become the second-in-command within the party.

In other words, Roosevelt completely gave up running for president. Not only that, he decided to mobilize all the forces he could to fully support the Springfield lady's presidential campaign.

When people first saw this news, they lamented the decline of social morality and the decline of people's hearts:

Which gossip media outlet is making up lies again? If there's something wrong with the report, you're responsible. (+1S, but it's useless.)

Then, when they saw the joint statement by Roosevelt and Springfield in the newspapers and heard the two boasting about each other on the radio, they were all stunned.

Was Roosevelt crazy, or was the world crazy?

Join a political party founded by a woman, founded only a few days ago, that daily publishes all kinds of "crazy reactionary" remarks even more than those of the Communists?

You're fucking making trouble!

However, no matter what Roosevelt thought, he really joined the "God's People's Party" in Springfield and really began to mobilize his own forces to build momentum for Springfield.

This immediately put all American politicians on alert, and both the Democratic and Republican parties immediately viewed the "God's People's Party" as a serious competitor!

Before, even though the incident seemed to be a big deal, people still treated Haruta and her "God's People's Party" more like "children's play";

However, even heavyweight politicians like Roosevelt chose to join, and this party suddenly became truly qualified to dominate the American political arena.

Of course, this is not what everyone is most worried about, because all kinds of small parties are emerging in the United States these days, and this is not the first time that the Roosevelt family has done such a thing.

What is most alarming is that this party, from the outset, has clearly displayed a "leftist ideology," claiming to seek benefits for the lower classes.

In the eyes of the capitalists, these are essentially insects, no different from the communists. If it weren't for the current relaxed environment, the constant riots among the people, and everyone being forced to restrain themselves, they would have to strike hard!

Then, Roosevelt, the governor of New York, actually took the lead in joining this political party...

Numb, really numb.

It's obvious that a large number of people who are willing to switch sides will inevitably join the "God's People's Party", which means that a large number of votes will flow from their hands and into the hands of that woman!

At this time, a group of people began to seriously consider how to snipe Springfield, especially from a procedural perspective.

Then, they were shocked to find that it seemed impossible. You said Springfield was not American?

Well, tell that to the voters in Springfield and see if they beat your head off.

You said Springfield is not 35 years old?

There's no such thing as a birth certificate in the US anymore, so she's just saying how old she is!

what?

I look very young, maybe only 20 years old?

Oh, God, this is a blessing from God, this is the secret of maintenance. You said Springfield didn't register with the campaign committee in advance?

In fact, this is just a convention, not a hard and fast rule. Besides, if you say this, both the Republicans and the Democrats will be hurt.

The Republican candidate, Hoover, was already a dead dog, and no one could be elected to replace him;

The Democratic Party’s candidate – the party is in serious internal strife and cannot elect a new candidate who can convince the public.

To be honest, all the previous registrations of everyone have been invalidated. If we register a new one, won't it be the same as Springfield?

Most importantly, would Mr. Roosevelt watch helplessly as the "goddess" he supported was hit by such a small matter?

Look at how he brags about it everywhere he goes!

"...Miss Chun is the most beautiful, elegant, caring, knowledgeable, and cultured woman I have ever met, and she is the most representative of the American spirit..."

"...Many people call her 'SSF,' which is not an exaggeration at all. I even think she is a living goddess, a representative of the Lord..."

"...I swear to God that electing her as president will be the wisest choice we will never regret in our ordinary lives..."

Luo Cripple!

Don't you blush when you brag?

It's unknown whether Roosevelt, who was helping Springfield brag to the nation, was blushing or not, but at this moment, an American standing in front of Springfield was very excited and even flattering:

"...Ms. Field, it is the greatest honor of my life to meet you. Please allow me to express my most sincere respects..."

As he spoke, he knelt on one knee and tried to grab Haruta's right hand and kiss it, but Haruta dodged with a calm smile:

"Mr. Browder, please stand up. We are all equal, so there is no need for you to do this. Besides, I have already vowed to dedicate my life to God, so please spare me these false formalities!"

"Ah... yes..."

The man stood up, but still bowed respectfully.

Earl Russell Browder, the General Secretary of the Communist Party of the United States at the time, was the general leader of more than 10,000 Communist Party members in the United States;

In 1930, after the Communist International expelled General Secretary Lofston Pepper, who insisted on "American exceptionalism", he unexpectedly bypassed William Foster and was appointed as the new General Secretary of the Communist International.

("American exceptionalism" is the belief that the United States is God's chosen nation and that even the poorest people are better off than those in other countries, so an economic crisis is impossible and there is no need for revolution.)

So why is this person so respectful to Springfield? This has to start with this person's history and thoughts.

In a nutshell, in history, this person's thoughts can be regarded as a typical representative of "right-wing opportunism" and his behavior can be regarded as "Roosevelt's little fanboy."

His classic views and speeches include but are not limited to:

"Marxism-Leninism is in fact an expansion and extension of bourgeois democracy";

"The entire party must follow Roosevelt and obey Roosevelt in everything";

"...the consistent application of (bourgeois) democratic ideas will inevitably realize the comprehensive program of the Communist Party of the United States and achieve socialist reform in the United States..."

"The time has come for capitalism and communism to come to terms with each other. The Communist Party of the United States should disband, and the American working class should stop striking and abandon its socialist goals..."

Look, this is what a Communist Party member should say? So is Browder a traitor?

It’s hard to say.

The fundamental problem is that although Browder came from a poor family, he joined the revolution purely out of unconscious class standpoint. In fact, his understanding of Marxism-Leninism was quite limited, and he had been separated from mass work for a long time.

Historically, after the economic crisis completely shattered the "American exceptionalism" of former General Secretary Loveston, Browder led the Communist Party of the United States into collective confusion.

Where to go?

strike?

No, I never organized one. Revolution?

Not anymore.

It wasn't until Roosevelt officially came to power and formally proposed the so-called "New Deal" that he immediately captured Browder's heart:

Stimulate domestic demand, solve unemployment, save the economy from depression, care for the poor, establish a social security system...