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- Chapter 7 Economist Jiang Yucheng? !
"Hey, sir, can you?" Isabella put her hand on her forehead with a look of helplessness - in her opinion, there was almost no difference between the two methods.
However, Jiang Yucheng became a little interested in this: "Then what do you think it is to cheat?"
¡°What we have to do now is to issue creditworthy currency to make up for the lack of liquidity caused by the lack of precious metals. But I think you should also know that if there is no precious metal as a reserve, it is impossible for currency to exist. Circulation credit - no one can give up gold and choose waste paper with no credit." The Red Baron continued to talk, "So we need to get some value-preserving items that can serve as currency reserves as soon as possible - If precious metals are hard to come by, what about land?¡±
Isabella¡¯s eyebrows raised: ¡°Land?¡±
"Yes, the property rights of the land are used as reserves. The name can be called 'land coupons' or something similar."
"But we don't have that much land," the eldest lady categorically objected. "Most of Emera's land property rights are still in the hands of various lords. We have already deprived them of their sovereignty over the land. What if we deprive them of their property rights again??"
"If we can't rob, we have to cheat." The Red Baron said without hesitation. "We have to invent a new type of financial product, which is to print some paper, and then use the paper to exchange the land of the nobles. Next Let the paper become worthless again.¡±
"It's that simple?"
"Oh, my dear eldest lady." Yu Baochen said with a sneer, "The magic made using these different types of paper is more fantastic than the magic you have seen."
"Soga, soga" When Yu Baochen said this, Jiang Yucheng suddenly enlightened and nodded in realization - in his previous life, he had seen various methods of the financial giants in the United States, although he himself was not in finance. He is an expert, but as the saying goes, even if he has never eaten pork, he has seen pigs running away - even if he is not a professional, there is still no problem in trying to deceive those second-rate aristocrats who say "illiteracy is terrible"
"Do you understand what's going on?" The Red Baron saw that Jiang Yucheng seemed to be enlightened and further said, "This kind of magical paper should be called "paper money" or "financial innovation product" in your time. something like that¡±
"Hey, author-san, you are complaining about the Kingdom of Hope again." It seems that something strange has sneaked in. "Look, my eldest sister has been shot again."
"So, how do we get land from them?" the eldest lady asked.
"Ah, I know this -" before the Red Baron could speak, Jiang Yucheng spoke first, "Do you remember our original policy?"
"Policy? Do you mean depriving them of their sovereignty over the land?" the eldest lady asked.
"That's right." Jiang Yucheng nodded, "On the surface, depriving sovereignty and retaining property rights is no different from not depriving sovereignty. But in fact, if sovereignty belongs to the nobles, the people living on the land will be the nobles. serfs in their hands; and now that land sovereignty belongs to the state, the people on the land are no longer the private property of the lords, but legal citizens of the Principality of Emera, protected by the laws of Emera."
"In other words, the lord can no longer enslave these people?" Under Jiang Yucheng's guidance, the eldest lady quickly came up with the answer.
"That's right." Jiang Yucheng nodded, "Although if these citizens continue to farm on the land, they will still have to pay taxes to the lord. However, if we can provide better jobs, their monthly income will be much higher. If the income is much higher than what they can get from farming on the land, then how can those lords keep these people?"
"Work?" The eldest lady was stunned, but she quickly came to her senses, "You mean the factory?"
"The correct answer." Jiang Yucheng continued, "If our factory wants to expand its labor force, it will naturally need to recruit more workers. Although the wage level we offer is actually not very high, even so, the workers' income is still It is much higher than when they were exploited by those stupid x lords in the land - in this case, anyone with a normal IQ would know what to choose!"
"Ah, I see." The eldest lady finally understood. "In this case, the lord himself cannot retain the workers. He just guards a pile of land, and in the end he can only decline like this - taking this opportunity, we will use the land Use coupons to acquire their land!¡±
"Well, that's right." Jiang Yucheng said, "In addition, if you don't use precious metals or other natural currencies, but use banknotes, what can be used as support is actually??It doesn¡¯t have to be hard currency like precious metals! "
"What?" The eldest lady was a little surprised, "But in this case, wouldn't the currency we issue become just like waste paper?"
"No, no, no, my eldest lady," the Red Baron interjected, "you need to broaden your mind and broaden your horizons - precious metals are not the only valuable things in this world."
In fact, after hearing what the Red Baron said, Jiang Yucheng immediately thought of the "Currency War" that he had read in his previous life - the third part of this work, which devoted a whole book to telling the story of the Tube Party during the domestic revolutionary war years. The economic struggles of the "peasant economists".
Through revolutionary practice, the Tube Party came to an important conclusion: what can be used to support currency does not necessarily have to be hard currency such as precious metals or foreign exchange, but "strategic materials" such as grain, salt, and cotton yarn (in that era) and can also be used to support currencies.
In fact, the value of currency does not lie in its actual value, but in what people believe it to be worth - that is, the purchasing power of currency in the market. The linkage of currency and "strategic materials" - that is, various necessities - is one of the effective means of establishing the purchasing power of a new currency.
In later generations, the purchasing power of currency is actually a reflection of the credit of the national government that issues the currency. Although the Bretton Woods system collapsed, the dollar is still the most widely circulated international currency. An important reason is that it has changed from its original " The "gold standard" has become the "F-22 standard" - what provides the guarantee for the green paper is no longer the precious metals in the vault of the US Treasury Department, but the powerful power of the US government - especially military power.
For the current Aimela New Government, because the New Government has controlled almost all light and heavy industries in the country, and due to the application of a series of modern technologies, the grain output of the farmland controlled by the New Government has also increased significantly, accounting for more than 10% of the country's grain output. Half, plus the "Trenched Valley Bottom" brand of tea that is popular all over the country, the new government actually has a lot of good cards in its hands. It depends on how Jiang Yucheng and the others play.
"We can implement a "dual pricing" system." Jiang Yucheng continued, "Now all the industrial products in the country are in our hands, and only we are producing things like tea - in other words, we have We have monopolized many industries. Next, we can make full use of our monopoly position to serve our currency."
"Double pricing?" The eldest lady frowned, "What is that?"
"We can do this -" Jiang Yucheng said, "First, let the Emera Central Bank under the Ministry of Finance issue a brand new currency, the Emera dollar, and put it on the market. Next, we need to sacrifice A certain amount of profit is needed to provide support for this brand-new currency - all the banks under our Yusanjia Group implement a dual pricing system. All goods must have two prices - one is the traditional hard currency price, The other is the pricing of the Emerald dollar.¡±
¡°The way for consumers to obtain Emerald Dollars is to take hard currency and exchange it at a business bank we control at a one-to-one ratio. For the same product, if consumers exchange hard currency for Emerald Dollars, the price will be relatively high. You can save some money by buying directly with hard currency.¡±
"Ah, by the way, there is one more thing to add." Jiang Yucheng paused and continued, "From now on, our factories will all pay wages in Aimeilayuan."
"In this case, consumers will voluntarily exchange for Emerald dollars and gradually accept this new currency?" After hearing this, the eldest lady has already figured out what Jiang Yucheng meant.
"That's right." The Red Baron said, "In addition, you'd better pay attention to the anti-counterfeiting work of this currency."
In the history of the earth, Brazilian Finance Minister Cardoso once used this method to build people's trust in the new currency. In 1994, when Cardoso was still the Brazilian Finance Minister, he used this double price system. Build trust in the new currency, the real. This classic case, together with the economic practice of the Tube Party, proves one thing - it doesn't matter how much money is really worth, what matters is how much people believe it is worth.
In 1994, the Brazilian government simply did not have the strength to maintain a fixed connection between the domestic currency and the US dollar. Using financial means to ensure the purchasing power of the new currency Real as it did in the past would undoubtedly be the same as the various new currencies launched by the Brazilian government before. So Cardoso did the opposite, first using administrative orders to give the Real stable purchasing power and making people believe that the currency was worth so much, and then started a financial war with the international banking groups.
Because Brazilians believed in the purchasing power of the real, this new currency finally allowed Brazil to get rid of ten consecutive years of high inflation and rescued the economy from an inflation rate of 2,000 percent.
Now, Jiang YuchengAfter considering this approach, the huge industrial and military power in the hands of the New Emerald Government was used to first provide support for the Emerald Dollar at the expense of profit losses, so that the currency would first have stable purchasing power.
"That's great!" The eldest lady, who is a "Western economist", was completely impressed by Jiang Yucheng: "In this case, in order to pick up bargains, people will continue to go to our commercial banks to exchange Emerald dollars. As long as epla If the ability to control our control areas does not weaken, the new Emera dollar will eventually replace the hard currency in circulation throughout our country - and the Ministry of Finance will obtain a large amount of hard currency reserves."
"Very good." Jiang Yucheng nodded appreciatively.
"Miss, miss." The red baron acted like a teacher teaching students, "Although you have rich experience at the practical level, your theoretical foundation is still too simple. You will face many problems in the future. Problems - these problems are new and cannot be solved with your past experience - listen more to Jiang Yucheng's opinions."
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