The Rise of Australasia

Arthur was especially concerned about the British view on abandoning the gold standard because, in addition to the Australian Dollar being highly pegged to the Pound, the Pound was also the most steadfast currency in the world at the moment.

As a global currency, when such a currency devalues, it often makes many nations that use this currency pay the price together.

The best example would be the Police of the World in later generations. Although the debt of the United States is high, they only need to print US dollars like crazy, let the US dollar devalue a bit, and then the whole world has to foot the bill for their debt.

Unfortunately, the entire world has no choice because historically, after World War II, the United States had already established a monetary system based on the US dollar, making it very difficult to replace.

The good news is that Britain and France have colonies, and with the devaluation of currency, they can shift the crisis onto Germans and various other entities. They don’t have to worry too much about taking big losses in the economic crisis.

Even the British can prevent the economic crisis from occurring in London, making the United States the epicenter and disaster area of the economic crisis.

After all, compared to old colonial powers with a vast number of colonies, newly emerging powers like the United States, lacking colonies to act as markets, are the most vulnerable to the impacts of an economic crisis.

Without colonial populations to bear this pain, the impacts of the economic crisis can only be shouldered by the American people themselves.

In short, the economic crisis in the United States is borne by the American people themselves, which is a significant blow to the stability and national cohesion of the country.

After all, the United States currently has many domestic issues, including problems between the states, different races, and various ethnicities. If not handled with care, it could easily cause the entire country to fracture.

It is worth mentioning that after the Netherlands lost the entire Dutch East Indies, their losses in the economic crisis are bound to be significant.

This is another benefit that colonies provide to European nations, serving as a vast market to dump their industrial products, and relieve the pressure from their excess industrial capacity.

By this logic, the most worried nation about the economic crisis among all colonial powers should be the United States, which lacks colonies as a buffer.

The United States’ economy and industry are indeed the strongest in the world, which allowed the United States to become the biggest challenger to the world order after World War I.

But the British guarded against the United States strictly, not only causing the United States to lose control over Central America but also losing the trust of South American countries.

At present, the United States can only be regarded as a loner in theory. Its native land is undoubtedly strong, but its influence cannot expand beyond North America.

"Your Majesty, if Britain and France shift the economic crisis pressure onto Germany, could it trigger a new world war? Germany’s current situation is not too good, and if it has to endure another economic crisis, it most likely faces only war," Arthur said.

Although it was good news that Britain and France could withstand an economic crisis, if shifting it caused unrest among the Germans and sparked a new war, one would have to carefully consider the consequences of such a conflict.

Even if it wouldn’t descend into a world war like the last one, a European fratricidal war would not be good news, especially when Europe’s economy and industry hadn’t recovered to their peak.

Arthur rubbed his temples and said uncertainly, "According to British policy, they should not stand by and watch Germany descend into a civil war. As for starting a war with Britain and France, I don’t believe the Germans would dare.

However, during this period, Germany will seek more of a say, including getting rid of the demilitarized zone in the Rhineland and building more military forces.

We must keep an eye on Germany and try to maintain peace in Europe, shifting the risks of the economic crisis more onto the United States."

Arthur was unsure about whether the Germany of this world would develop like the historical one, but the situation should not be much different.

The economic crisis was unavoidable; Britain and France would definitely shift their domestic crises elsewhere, and the most suitable target would be Germany.

Thus, Germany would still face severe issues like in history, and even if Hitler did not rise, there would be other dictators that would emerge opportunistically to take control of the new Germany.

As for William II, Arthur had already lost hope in him. This once proud German Emperor was not in very good spirits.

The dismal situation in Germany, as well as the enormous limitations on the monarchy, had dealt a significant blow to the once invincible William II. Although he was not completely discouraged, his ambition was diminishing day by day.

Under the influence of the military government, Germans were no longer welcoming towards the monarchy, and whether he could stabilize his position was a question, let alone saving Germany like a savior.

In fact, to maintain his position and regain power, William II was the most likely to collude with extremists like Hitler, much like what happened in Italy.

If European nations wanted to reduce the impact of the economic crisis, other than dumping it onto colonies, their only other option was to start a war and shift the crisis abroad.

Because European nations generally have smaller territories which have already been well-developed, it wasn’t possible to undertake massive new developments at home during the economic crisis, as there was simply no room left for expansion.

Larger countries like Australasia certainly have an advantage. A bit of infrastructure and major projects are enough to attract a large unemployed population and mitigate the harm the economic crisis brings to the nation.

"Have the Foreign Affairs Department contact the British to discuss the possibility of shifting the economic crisis onto the United States," Arthur pondered for a long time before finally giving the order, "Britain and France have invested heavily in factories and enterprises in Germany and Italy, and I believe those greedy capitalists are not willing to give up these assets.

We can cooperate with Britain to jointly shift the economic burden of the crisis onto the United States, letting the American people bear the brunt of it.

As for the American people, they will have to rely on the President of America to help them."

In capitalist countries, national interests must align with the capitalists. Given the substantial investments made by Britain and France in Germany and Italy, will the British and French governments immediately abandon Germany and Italy?

Probably not. Because those capitalists would not agree, and the actions of the governments would result in substantial losses for them.

After all, capitalists in Europe and America are not known for their passivity. Whether it’s Americans assassinating their President or Britons forcing out Prime Ministers, capitalists have done it all, and not just once or twice.

The only difference is that when Americans learned these traditional skills from British capitalists, they appeared more violent, employing assassination instead of impeachment to remove from power.

But essentially, Britain and the United States are highly similar in that capitalists hold a lot of power within the government, obligating the government to consider the interests of the capitalists.

Foreign Minister Darren nodded solemnly and took on the task.

Shifting the economic crisis onto the United States would not be easy; any slight mishap could be discovered by the United States or even ignite the economic crisis.

How to smoothly shift the economic crisis onto the United States and trigger it there is a question worth contemplating.

If it were solely up to Australasia, such a significant act as crisis migration would definitely not be achievable.

But with the help of the British, it might not be possible to completely shift the crisis onto the United States, but it would still be feasible to make the American people bear the main economic burden.

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Compared to Britain, the U.S. economy has developed more aggressively, and the market is less regulated.

In the U.S., where race and nationhood are quite chaotic, it would still be easy to tamper with financial aspects in the stock market.

Arthur decided not to involve William in the act of shifting the economic crisis, as the risk involved with such actions was too high, and it was not a good choice to have members of the royal family participate directly.

After selling his real estate company, William was ready to return to Australasia, leaving the place where he had spent over half a month.

Of course, there was one last thing to do before leaving: representing Arthur to present a gift to the Duke’s imminently born child, and to confirm Arthur as the godfather to George’s eldest son or daughter.

As time moved into late April, a smile constantly played on the Duke George’s face. He had not only acquired one of London’s most luxurious manor houses but was also about to welcome the birth of his first child.

To ensure Elizabeth’s safety, she temporarily resided in Buckingham Palace, accompanied by the royal family’s doctor, awaiting the arrival of the royal family member in her womb.

On April 21, 1926, the Duke George’s eldest daughter was safely born, and Duke George named their daughter Elizabeth after her mother.

William also delivered Arthur’s gift, a necklace adorned with precious gemstones, valued at around 5,000 pounds.

Delivering this gift on behalf of Arthur was the last thing William did in London, and after that, he boarded a ship with Yajedin Blanc back to Australasia.

The Duke George, joyful at having a daughter, was still unaware of how his fate would change in the future, but regardless, welcoming his first child was always a good thing.

After the Duchess Elizabeth gave birth, Duke George moved with her to Makenlan Manor, one of her favorite manors.

The combination of relocation and the addition of a new family member brought double joy, granting the couple a period of affection, at least for the time being.

King George V also sent his rare blessings, as he, too, had to acknowledge the godfather of his granddaughter was Arthur, a person he had to respect.

While this did not change the standing of the Duke George and his family within the British Royal Family, others, including King George V, had to take greater notice of the Duke’s daughter.

Of course, King George V had other ideas, such as inviting Arthur in the future to be the godfather of Crown Prince Edward’s eldest son or daughter, to deepen the ties between the two royal families.

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