The rejuvenation of a great nation: from educated youth to national treasure scientist

Chapter 360: Another Firewood: Refusing to Accept US Dollars

In Wang Haoran's office, Qiu Bojun was sitting in a chair reporting on his work.

"Mr. Wang, we have recently received some intelligence that Apple will soon launch some so-called innovative, breakthrough, and disruptive new products."

"Their new product is said to be a completely new type of mobile phone."

Qiu Bojun said this with a serious face.

This news is indeed very important.

If Pangu Technology wants to lead in comprehensive development, it must continuously launch innovative products.

In the process of technological development, once a breakthrough product is developed, one can often seize the initiative and then gain huge market advantages over a relatively long period of time.

Wang Haoran was naturally well aware of this.

However, as a reborn person, as soon as Qiu Bojun mentioned this matter, he knew what Apple was doing.

A touch screen phone!

Touch screen mobile phones were first developed by Apple in the past.

This disruptive product has revolutionized the global mobile phone market and defeated European mobile phone giants.

It also made Apple the most profitable company in the world.

But, in this life, Apple wants to make a comeback with a touch-screen phone?

That is absolutely impossible.

Because Pangu Technology has actually been developing related products for a long time.

It’s just that it’s not fully mature yet and the layout of the industrial chain is still in progress, so it hasn’t been released for the time being.

In its previous life, Apple held a press conference in 2007 to announce a full touch-screen smartphone.

And in this life, it is only the end of 1987.

Twenty years earlier!
Wang Haoran smiled and said, "Want to subvert the mobile phone industry?"

“That means they are also working on smartphones.”

Qiu Bojun nodded and said, "That's my guess."

"Mr. Wang, we have to release the touch-screen smartphone before them, right?"

“Only the first publisher can attract global attention.”

“And then be recognized by consumers as an industry leader.”

Wang Haoran said: "It's time to take out our smartphones!"

“Also, tablet computers with touch screens can be released at the same time!”

"I think it's better to prepare sooner rather than later. Let's hold a product launch conference in the next few days!"

Qiu Bojun happily agreed, "Okay! I'll arrange it right away!"

"In order to get ahead of the other party, I think the sooner the press conference is held, the better!"

"Why not arrange it for three days later!"

Wang Haoran nodded and said, "Yes! It's up to you."

"Also, the Giant Eagles have not been very honest recently. They have been printing a lot of money, and the price of goods in their country has increased significantly."

"I feel like the U.S. dollar is on the verge of collapse."

"From now on, when we sell products to Giant Eagle, we will refuse to accept US dollars!"

"Let them trade with our RMB! Or, we can also barter! For example, if they ship oil, natural gas, rare earth minerals, etc. over, we can exchange them with them at the RMB price!"

Qiu Bojun nodded happily and said, "I've been wanting to suggest this for a long time."

"I heard from a colleague who went on a business trip to Giant Eagle that inflation is getting worse in Giant Eagle. Prices have increased by more than 30 percent compared to six months ago."

"I'll have someone notify them right away!"

IBM President Nielsen is a little worried recently.

Because, in recent months, their product sales have declined significantly.

Nielsen had the marketing department use a variety of promotional methods.

But the results were not very good.

Nelson knew that this was mainly the result of soaring prices.

Yes, soaring prices have led to an economic downturn, and the purchasing power of the Giant Eagle people has dropped significantly.

In fact, the inflation of the Giant Eagle is continuous.

Prices in their country have skyrocketed since the 70s.

At that time, the Giant Eagle was militaristic and provoked wars one after another.

In order to support the war, they had to implement quantitative easing and issue government bonds.

The result is a surge in domestic prices.

And the US dollar, which was originally based on the gold standard, eventually collapsed.

The Giant Eagle originally promised to peg the US dollar to gold.

One US dollar is equivalent to 1 gram of gold.

But by the 60s, the gold standard could no longer be sustained.

Because many countries are suspecting that the Giant Eagle’s treasury is empty.

As a result, many countries began to use large amounts of US dollars to exchange for gold from the Giant Eagle and transport it to their own countries.

The ones who do this the most are French chickens.

As a result, it didn't take long for the giant eagle to be unable to bear it anymore.

Soon after Watergate came to power, the Eagle King announced the abolition of the peg between the US dollar and gold.

Prices started to skyrocket from that time.

But Watergate Eagle King came up with another clever trick.

He signed an agreement with Camel and other countries, requiring them to sell oil only with US dollars in the future.

As a result, the giant eagle once again regarded oil as the backing asset of the US dollar.

This stabilized the US dollar.

However, in order to fight the giant bear, the giant eagle consumed a huge amount of resources and had to start quantitative easing, which in turn led to a sharp inflation in prices.

Then, in the late 70s and early 80s, the dragons began to rise.

After the Dragon rose to the top in many industrial sectors, it greatly weakened the industrial capacity of the Giant Eagle.

This once again weakened the overall national strength of the Giant Eagle.

This forces the Giant Eagle to rely more on financial regulatory tools.

Bottom line: If the US dollar was not an international currency and they could still buy goods with paper, the Giant Eagle would be having a much harder time now.

The most recent event that dealt a heavy blow to Giant Eagle was the deliberate passage of a weather balloon by Dragon.

This incident exposed the shortcomings of Giant Eagle's air defense and other military capabilities.

It also caused the giant eagle's invincible image to collapse again.

This caused the US dollar to begin to depreciate further.

All in all, all this made Eagle feel very uncomfortable.

Now, Wang Haoran feels it's time to add more fuel.

Nielsen is worried about IBM's declining performance.

At this time, the phone on his desk rang.

Nelson reached for the phone.

"Hello!"

"Mr. Nelson, I am Qiu Bojun from Pangu Technology. I solemnly inform you..."

After hearing what Qiu Bojun said, Nelson was almost dumbfounded.

What the hell? Pangu Technology doesn’t accept US dollars anymore?
They actually refused to accept US dollars?

They actually want us to use RMB to buy their products?

If there are no products, can we still exchange them with energy such as oil?

Damn it! How could they do this?

Before, I always settled the bill directly with US dollars!
But they have never raised any objections!
Now, they suddenly do this?
Nelson was close to tears.

"Mr. Qiu, isn't this a bit too sudden?"

"Our US dollar is an international currency. You can use it to buy any product in the world."

"I think what you are doing is against the rules!"

Nelson protested to Qiu Bojun.

Qiu Bojun smiled and said, "The depreciation of your US dollar is too severe."

“There are too many unstable premiums to the outside world.”

"We will suffer a huge loss if we use US dollars to do business with you!"

"Now, we don't want to suffer any loss."

"So please understand."

Nelson said: "Can we delay it for half a year so that we can prepare?"

Qiu Bojun said: "No! This is definitely not possible!"

"This policy will be implemented from today when I notify you!" "I hope you can prepare as soon as possible!"

Nelson wanted to plead for leniency again, but the other party hung up the phone.

"Fake!"

"This is simply an attempt to kill us!"

Nelson's mentality was about to collapse.

……

Apple.

Jobs was discussing with Wozniak, vice president of technology, when would be the most appropriate time to hold a launch event for a new disruptive mobile phone.

Wozniak thought the sooner the conference was held, the better.

Jobs didn't think so.

Jobs felt that the production chain must be settled first, and new products should be released only when large-scale mass production of smartphones could begin.

In this case, once a new product is released, it can be put on the market and sold immediately.

"This will make it impossible for our competitors to catch up with us in a short period of time."

"We can maintain our leading position in product strength for a relatively long period of time!"

Wozniak said: "Pangu Technology has a strong reserve of advanced technology. They have demonstrated some touch screen technology before."

“I suspect they might also be working on a disruptive mobile phone product.”

“We have to release the product before them!”

"In this way, we will become the creator of smartphones and we can gain recognition from consumers all over the world!"

"We can use this identity to gain an advantage!"

“Even if they can follow for a short period of time, in the eyes of the public, they are just poor imitators.”

Jobs groaned.

He thought Wozniak had a point.

However, he thought again, Apple has just developed a fully touch-screen mobile phone in the laboratory, and it still has major flaws in various aspects.

And, most importantly, it does not have the capacity for mass production.

Even if it is released to the world, if the product cannot keep up, it will be overtaken by Pangu Technology, which has a strong industrial chain.

By that time, Apple will still be in a passive situation.

Jobs is now very conflicted.

Just at this moment, the phone on his desk rang.

Jobs picked up the phone and put it to his ear.

A man's voice came from the microphone: "Hello, I am Qiu Bojun from Pangu Technology Company. Is Mr. Jobs here?"

Jobs was stunned.

Was it a call from someone at Pangu Technologies?
They have never called before.

They, what's going on?
Jobs had a bad feeling in his heart.

"I'm Jobs. I don't know. What can I do for you, sir?"

Qiu Bojun said: "Hello, Mr. Jobs! I am here to inform you that starting today, you will no longer be able to pay for products purchased from my company in US dollars. You need to pay in RMB, or directly convert it into oil and other energy products and deliver it to us."

Jobs was shocked: "Ah?! This, this is too sudden, right?"

"In the past, you have always accepted US dollars."

"I want to know, what went wrong?"

In fact, Steve Jobs' Apple has also been cooperating with Pangu Technology.

They purchased key core chips such as central processing units, memory sticks, sound card chips, graphics card chips, etc. from Pangu Technology, and then assembled them into their own computer products.

Of course, Apple has also been working intensively on its own research and development.

They also knew that relying on Pangu Technology was not safe.

So, they hope there will be alternative products.

However, Julong is the only company in the world that has high-performance, high-quality and low-cost CPU and other chips.

As for Apple, their research and development progress has not been very fast.

This has led to the current passive situation.

Jobs had always been worried that Pangu Technology would have a showdown.

But he never expected that the other party's showdown would come in this way.

This made him feel very uncomfortable.

This is really a double-sided attack that is extremely difficult!

The market situation was already not very good.

There has not been much progress in innovative research.

Although a touch-screen smartphone has been developed, the production chain cannot be completed in a short time.

Now, Pangu Technology has launched another surprise attack.

Qiu Bojun responded to Jobs: "The value stability of your dollar is too poor, and its international recognition is declining rapidly."

"Given this, we believe that if we continue to collect US dollars, the risk to us is too great."

Jobs smiled bitterly and said, "But I think the dollar is always strong."

"We have never been rejected when purchasing other goods from abroad."

In fact, Jobs also had a clear feeling: the US dollar is indeed not very useful nowadays.

In the past, the US dollar could be used in any country and its value was strong.

Now, the US dollar has been rejected by some countries and its value has collapsed.

A few years ago, the exchange rate of US dollar to RMB was at least 1:3. At that time, some people said that the black market exchange rate was as exaggerated as 1:10 or even higher.

Because too many people want to go abroad.

When going abroad, you need to exchange currency.

But Julong had little foreign exchange at that time.

This has led to a significant discrepancy between the official exchange rate and the black market rate.

But now?

Now the exchange rate between the RMB and the US dollar is 1:1.

Moreover, there is a trend that the value of RMB will exceed that of US dollar.

Now, there is also an underground black market.

In the black market, RMB is seen at an exchange rate of 1:3 US dollars.

Of course, such a black market is on the Giant Eagle side.

What does this mean?
This shows that the Eagle has been seriously underestimated.

If this were not the case, its currency would not have deteriorated to its current state.

Qiu Bojun has already hung up the phone.

He also needs to notify other Giant Eagle partners.

He certainly wouldn't waste too much time talking to Jobs.

Today, in Julong, no one worships Jobs.

As the founder of a giant technology company, Jobs did not make any significant achievements.

His Apple now makes a living by assembling computers using parts from the giant dragon.

Jobs put down the phone.

Wozniak asked in confusion, "Mr. Jobs, what's wrong?"

"Who's calling?"

Jobs smiled bitterly and shook his head and said, "It was a call from Pangu."

"They will no longer charge US dollars for their products starting today."

Wozniak was surprised: "No way? They actually refused to accept US dollars?"

"So what currency do they want?"

"The performance of other currencies in the world is actually far worse than that of the US dollar!"

It is said that the Eagles are getting worse and worse.

But that just depends on who you compare with.

Compared with all countries except the giant dragon and the giant bear, the eagle is still a super giant and is terribly powerful.

Jobs said: "They just want their own currency or energy and minerals and agricultural and fishery products and so on."

Wozniak sighed: "The other party is obviously trying to attack us!"

“The impact is still quite strong.”

Jobs said, "Yes! This has pushed us to the brink of life and death."

"So, now, we must act immediately to save ourselves!" (End of this chapter)

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