Secondly, this bill also makes the Philippines a place where the United States can freely plunder raw materials and dump goods.

Unrestricted "free trade" is a disaster for backward agricultural countries.

A large number of American industrial products poured into the Philippine market without restriction, severely squeezing the living space of the Philippine national industry. The already weak national industry was simply unable to compete with imported products, which in turn led to the bankruptcy of a large number of factories.

Even the few surviving industries that process primary products are mostly controlled by American capital and Philippine compradors.

What's even more egregious is that before the war was over, American capital groups provided huge loans to the Philippines, burdening the Philippines with heavy interest payments.

As late as 1974, the Philippines was still repaying these loans.

And the interest they paid has far exceeded the principal dozens of times!

This is an out-and-out loan shark!

After the war, industrial enterprises sprung up in the Philippines.

And these industrial enterprises, without exception, have received loans from American consortiums.

But they never dreamed that they would just become a money-making machine for the American consortium.

For every peso they earned, they had to pay back heavy interest.

In the end, high interest rates completely crushed these Filipino national enterprises.

The Philippines, which once had a false economic prosperity, has completely burst its bubble.

It was not until 1975, when the Philippine economy was about to collapse, that the American consortium made a "generous" offer to forgive the debt owed by the Philippines.

The Philippine government and people are grateful to the United States for this.

But they have not calculated that over the years, every peso loan provided to them by the American consortium has been exchanged for thirty, fifty, or even a hundred pesos in return!

And the appearance of Wilkinson is the representative of American vampires!

Meng Shaoyuan knew this well, so how could he let go of this opportunity?

Wilkinson had no idea that Meng Shaoyuan had seen through his thoughts and was still talking: "The funds we provide will be the guarantee for the Philippines' revival. At the same time, we will also provide them with all-round guidance.

Fully assist the Philippines in its national industrialization process!”

Well, what a "kind" person.

The United States wants market for the Philippines. In fact, the U.S. and European markets are short of supplies and need cheap Philippine goods to enrich the market.

We need technical assistance for technical assistance, because without assistance, the Philippines itself will not be able to provide the various products that Americans want.

A smile appeared on Wilkinson's face at this time: "Colonel Charles, you are a good friend of Mr. Cawston. At the same time, your wife Julia also enjoys a high reputation in the American financial circle and a huge financial guarantee.

Therefore, we sincerely invite you to join our aid program to the Philippines!"

This means that he has been recognized by American capital and invited to join this blood-sucking plan.

This is a win-win situation.

The existence of Meng Shaoyuan can provide protection to these American consortiums, and at the same time, his capital participation can also ensure that the American consortiums form a monopoly in the Philippines.

After all, everyone knows that "Julia" Peng Bilan holds huge wealth from the Far East.

This is a sum of money that no one can ignore.

And for Meng Shaoyuan, it has all the benefits and no harm.

He has also joined the blood-sucking plan for the Philippines, which will bring a steady stream of profits to his group.

Meng Shaoyuan has long said that although he has a huge amount of money and a dizzying gold reserve, he must not rest on his laurels.

The fund that Peng Bilan is responsible for has already joined in the reconstruction work of the Philippines.

Now, with the olive branches extended to him by these American financial groups, Meng Shaoyuan's money empire has begun to take shape!

There is another benefit.

Even with the support of these consortiums that are not only powerful economically but also politically, Meng Shaoyuan's status will be unshakable.

At least before the Philippines gained independence, Meng Shaoyuan was the real King of Manila!

Even if the Philippines becomes independent, he can still exert his influence.

At the same time, Meng Shaoyuan thought further.

MacArthur will definitely be the king of the Philippines in the future, and will soon become the father of the Japanese.

So, can I use MacArthur and the support of these American consortiums to fully penetrate Japan's power?

Very difficult.

Because Japan's economic development after the war was completely different from that of the Philippines, they did not care about meager profits and had to engage in production on their own.

But you can definitely give it a try.

After all, the despicable nature of the Japanese nation means that they cannot be willing to admit defeat.

And I can also make plans in Japan in advance.

Meng Shaoyuan also smiled: "Mr. Wilkinson, I accept your invitation. From now on, every dollar of funds entering Manila will be protected by the US military.

At the same time, you can discuss other financial issues with my wife, Ms. Julia. Financially, she represents me."

Wilkinson extended his hand: "Thank you, partner."

"For common interests, partners." Meng Shaoyuan shook his hand vigorously.

Partner?
Chapter completed!